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BOARD OF DIRECTORS :
MR. HARUNAR RASHID KHAN
Chairman
MR. MOYNUL ISLAM
Vice Chairman
MRS. AFROZA KHAN
Managing Director
MRS. HURON NAHAR RASHID
Director
MR. RASHEED MYMUNUL ISLAM
Director
MR. RASHID-UL HASAN
Independent Director
MR. MD. EKRAMUL HOQUE
Company Secretary
AUDITORS :
Messrs. A. Wahab & Co.,
Chartered Accountants,
Hotel Purbani, Annex-2, 4th floor,
1 Dilkusha Commercial Area,
Dhaka-1000.
BANKER:
Sonali Bank Limited,
Local Office,
Motijheel Commercial Area,
Dhaka-1000.
FACTORY:
Dhamrai,
Dhaka.
REGISTERED OFFICE:
9 Wyre Street,
Wari,
Dhaka-1203.
Notes:
1. November 11, 2010 is scheduled as record date. Shareholders whose names would appear in the
Register of Members/CDS record on the record date would be entitled to stock dividend.
2. Any member of the Company entitled to attend and vote at the above meeting may appoint a
proxy to attend and vote on his/her behalf. The proxy form, with duly affixed revenue stamps of
Tk.10.00, should be submitted at the registered office of the Company not less than 48 hours
before the time fixed for the meeting.
3. Members are requested to notify change of address, if any, to the Company.
4. Admission to the meeting will be strictly on production of the attendance slip attached with the
proxy form.
Mission Our Mission is to provide world class quality products to our valued customers,
strictly maintain ethical standard in business operation.
Objectives Our objectives are to conduct transparent business operation within the legal &
social frame work with aims to attain the mission with a quantitative/qualitative target in
business operation.
Corporate Focus Our vision, our mission and our objectives are to emphasise on the
continuous development in making value addition to our products for producing the higher end
products, to keep well prepared for competitive world market.
Financial Management Policy
All financial policies like investments policy, dividend policy and financing policy is to
maximise the value of the organisation.
Corporate Governance:
Top Management : Board of Directors
As per provisions of the Article of Association, Board of Directors hold periodic meetings to
resolve issue of policies and strategies, recording minutes/decisions for implementation by the
Executive Management.
Executive Management:
The Executive Management is headed by the Managing Director, the Chief Executive Officer (CEO)
who has been delegated necessary and adequate authority by the Board of Directors. The Executive
Management operates through further delegations of authority at every echelon of the line
management. The Executive Management is responsible for preparation of segment plans/subsegment plans for every profit centres with budgetary targets for every items of goods & services
and are held accountable for deficiencies with appreciation for exceptional performance.
WE STRIVE FOR
Protection of shareholders capital as well as to ensure maximise the value of the organisation.
Best compensation to all the employees who constitute the back-bone of the management and
operational strength of the Company through a pay-package composing salary/wages,
allowances, bonuses, profit participation and leave salary as per Company rules.
The best co-operation of the suppliers by timely payment of their bills, the banks & financial
Institutions by repayment of loan before due date and the authority relating to utilities-power,
gas etc. by regular payment of their bills.
Fulfillment of our responsibility to the Government through regular payment of taxes, VAT
and duties etc.
Practicing good-governance in every sphere of activities covering full disclosure & reporting
to shareholders, holding AGM and distribution of dividends and other benefits to
shareholders in time, reporting/dissemination of price sensitive information, recruitment &
promotion of staff, procurement & supplies, sale of assets etc. all that directly and indirectly
affect the interest of concerned groups - the shareholders, the creditors, suppliers, employees
and the government.
Regular repayment of loan and lease installments to the financial institutions is the ideology
of Monno.
F i n a n c i a l years
PARTICULARS
Authorised capital
500,000
500,000
500,000
500,000
500,000
Paid-up capital
135,000
135,000
135,000
135,000
135,000
146,554
156,217
155,187
163,131
182,945
Shareholders equity
281,554
291,217
303,687
311,631
338,195
996,245
996,157
995,997
990,795
943,783
304,293
334,845
368,720
401,315
388,153
Turnover (net)
813,787
779,581
968,614
773,204
664,548
Gross margin
169,732
161,953
176,662
164,189
142,322
4,822
1,436
6,711
(1,155)
8,157
3,838
1,029
5,557
(3,103)
6,661
3,912
13,574
13,545
13,888
20,952
27,000
13,500
13,500
13,500
20,250
Number of shares
209
216
225
231
251
4%
1%
4%
(2%)
5%
20%
Stock
10%
10%
10%
15%
2.84
0.76
4.12
(2.30)
4.93
209
216
225
231
251
704%
1316%
243%
(435%)
304%
(10)
(1)
72
13
25
7,209
7,187
7,270
7,530
8,071
1,200.00
968.61
1,000.00
Net Sales
813.79
779.58
773.20
800.00
664.55
600.00
400.00
200.00
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
Financial Year
LOCAL
EXPORT
TOTAL
OTHERS
3.32%
AUSTRALIA
7.07%
FRANCE
17.06%
USA
20.10%
NEWZELAND
1.03%
POLAND
2.48%
GERMANY
19.65%
ENGLAND
8.23%
HOLLAND
6.28%
ITALY
5.00%
GREECE
7.11%
PORTUGAL
0.48%
CHAIRMANS REPORT
Dear shareholders,
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Sd/- H. R. Khan,
Chairman.
Net Revenue
Cost of goods sold
Gross Profit
Operating expenses
Profit from Operations
Other Income
Finance cost
Net Profit before Contribution to WPPF & WWF
Contribution to WPPF & Welfare Funds
30.06.2010
30.06.2009
813,786,510
(644,054,564)
779,581,461
(617,628,060)
-------------------
-------------------
169,731,946
(74,177,746)
161,953,401
(58,248,568)
------------------
------------------
95,554,200
(90,491,074)
103,704,833
4,225,000
(106,494,221)
-------------------
------------------
5,063,126
(241,101)
----------------
Taka
1,435,612
-----------------
4,822,025
(984,365)
1,435,612
(406,161)
---------------
---------------
3,837,660
74,010
-
1,029,451
44,559
12,500,000
----------------
-----------------
3,911,670
13,574,010
==========
==========
Sd/- H. R. Khan,
Chairman
Dated : 28th October 2010.
Number of Board
Meetings held
21
Number of Board
Meetings attended
21
21
19
21
21
21
21
21
21
21
21
SHAREHOLDING STRUCTURE
Shareholdings of other related parties as on June 30, 2010 is as follows :
Name of shareholder
Monno Welfare Foundation
Number of shares
568,830
% of shareholding
42.14
Number of shares held by the Directors of the Company as on June 30, 2010 is as follows :
Name of the Directors
Mr. Harunar Rashid Khan
Mr. Moynul Islam
Mrs. Afroza Khan
Mrs. Huron Nahar Rashid
Mr. Harunar Rashid Khan &
Mrs. Huron Nahar Rashid
Mr. Rasheed Mymunul Islam
Mr. Rashid-ul Hasan
Designation
Chairman
Vice Chairman
Managing Director
Director
Chairman &
Director
Director
Independent Director
0.34
0.10
Number of shares
% of shareholding
162,405
12.03
568,830
42.14
139,395
10.33
The Financial Statements of the Company present a true and fair view of Companys state of
affairs, result of its operations, cash flows and changes in equity.
Appropriate accounting policies have been followed in formulating the Financial Statements
and Accounting estimates were reasonable and prudent.
The Internal Control System is sound in design and effectively implemented and monitored.
There are no significant doubts upon the companys ability to continue as a going concern.
Key operating and financial data of last four years presented in summarized form.
Particulars
Turnover
Cost of goods sold
Gross profit
Operating expenses
Operating profit
Finance cost
Profit/(loss) before tax
Profit/(loss) after tax
Shareholders equity
Total asset
Total bank borrowings
Total current assets
Total current liabilities
Current ratio (time)
Shareholders equity per share
Return on paid-up capital
Rate of dividend/stock dividend
0.96
209
4%
20%
stock
2.84
209
704%
(10)
7,209
0.93
216
1%
10%
0.94
225
4%
10%
0.93
231
(2%)
10%
1.06
251
5%
15%
0.76
216
1316%
(1)
7,187
4.12
225
243%
72
7,270
(2.30)
231
(435%)
13
7,530
4.93
251
304%
25
8,071
Taka
Applications:
National Exchequer
Salaries and benefits to employees
Interest to lenders
Retained by the Company
Taka
2009-2010
Amount
%
813,786,510
(599,054,656)
--------------------214,731,854
--------------------15,097,291
138,267,522
57,529,381
3,837,660
--------------214,731,854
=========
7
64
27
2
----100
===
2008-2009
Amount
%
783,806,461
(582,325,312)
----------------------201,481,149
----------------------16,895,940
128,278,125
55,277,633
1,029,451
--------------201,481,149
=========
8
64
27
1
----100
===
Title
Compliance status
Complied
1.00
1.1
BOARD OF DIRECTORS :
Boards Size: (Not less than 5 and
not more than 20)
1.2(i)
Appointment of Independent
Director. At least 1/10th.
Complied
1.2(ii)
Appointment of Independent
Director by the elected Directors
Complied
1.3
Complied
1.4
Complied
1.4(a)
Complied
1.4(b)
Complied
1.4(c)
Adoption
Accounting
estimates
appropriate
policies
and
Complied
1.4(d)
Complied
1.4(e)
Complied
1.4(f)
Complied
1.4(g)
Complied
1.4(h)
Complied
1.4(i)
Declaration of Dividend
Complied
1.4(j)
Complied
1.4(k)
Shareholding Pattern
Complied
of
Complied
Not complied
Title
Compliance status
Complied
2.00
2.1
Complied
2.2
Complied
3.00
AUDIT COMMITTEE:
3.1(i)
Complied
3.1(ii)
Complied
3.1(iii)
Not Applicable
3.2(i)
Complied
3.2(ii)
Complied
3.3.I(i)
Complied
3.3.I(ii)(a)
Not Applicable
3.3.I(ii)(b)
Not Applicable
3.3.I(ii)(c)
Reporting of infringement of
laws
Not Applicable
Title
Compliance status
Complied
3.3.I(ii)(d)
Not Applicable
3.3.2
Not Applicable
3.4
Not Applicable
4.00
EXTERNAL/STATUTORY
AUDITORS :
Complied
4.00(i)
Complied
4.00(ii)
Complied
4.00(iii)
Complied
4.00(iv)
Complied
4.00(v)
Complied
4.00(vi)
Complied
4.00(vii)
Complied
Not complied
Dhaka,
Dated: October 28, 2010
CHARTERED ACCOUNTANTS
Notes
30.06.2010
30.06.2009
12.00
13.00
388,793,762
304,293,762
84,500,000
419,344,612
334,844,612
84,500,000
14.00
14.01
14.02
14.03
14.04
533,095,781
328,571,701
75,131,831
95,505,959
33,886,290
507,290,350
319,582,782
80,658,889
89,215,510
17,833,169
TOTAL ASSETS
EQUITY AND LIABILITIES
SHAREHOLDERS EQUITY
Taka
921,889,543
926,634,962
15.00
16.00
281,554,453
135,000,000
146,554,453
291,216,793
135,000,000
156,216,793
17.00
18.00
85,799,137
75,096,392
10,702,745
90,204,999
79,351,514
10,853,485
CURRENT LIABILITIES
19.00
19.01
19.02
19.03
19.04
19.05
19.06
19.07
554,535,953
361,562,287
14,744,000
85,789,174
17,708,986
13,334,615
11,631,772
49,765,119
545,213,170
315,149,296
14,013,968
110,445,457
15,672,496
12,895,115
10,647,407
66,389,431
Taka
921,889,543
926,634,962
208.56
215.72
ASSETS
NON-CURRENT ASSETS
Property, Plant and Equipment - At cost Less Depreciation
Investments
CURRENT ASSETS
Inventories
Trade & other Receivables
Advance, Deposits & Pre-payments
Cash and cash Equivalents
NON-CURRENT LIABILITIES
Accounting Policies
11.00
The annexed notes form an integral part of the financial statements.
Approved and authorised for issue by the Board of Directors on October 28, 2010 and signed for
and on behalf of the Board.
SD/(MD. EKRAMUL HOQUE)
COMPANY SECRETARY
Dhaka,
Dated : October 28, 2010
SD/(AFROZA KHAN)
MANAGING DIRECTOR
SD/(H. R. KHAN)
CHAIRMAN
30.06.2010
30.06.2009
813,786,510
(644,054,564)
779,581,461
(617,628,060)
Gross Profit
169,731,946
161,953,401
Operating Expenses
Administrative Expenses
Selling and Distribution Expenses
22.00
23.00
(74,177,746)
(39,384,183)
(34,793,563)
(58,248,568)
(27,541,042)
(30,707,526)
24.00
25.00
95,554,200
(90,491,074)
103,704,833
4,225,000
(106,494,221)
26.00
5,063,126
(241,101)
1,435,612
-
4,822,025
1,435,612
Notes
Net Revenue
Cost of Goods Sold
20.00
21.00
19.06
Taka
27.00 Taka
(984,365)
(406,161)
3,837,660
2.84
1,029,451
0.76
1,350,000
1,350,000
11.00
Dhaka,
Dated : October 28, 2010
SD/(AFROZA KHAN)
MANAGING DIRECTOR
SD/(H. R. KHAN)
CHAIRMAN
Particulars
Balance, July 01, 2008
Retained
earning
Proposed
dividend
Total
44,559
13,500,000
303,687,342
1,029,451
1,029,451
(13,500,000)
(13,500,000)
(12,500,000) 12,500,000
(13,500,000) 13,500,000
74,010
13,500,000
291,216,793
General
Dividend
reserve
equalisation
reserve
135,000,000 16,000,000 126,642,783
Retained
earning
Proposed
dividend
Total
74,010
13,500,000
291,216,793
Particulars
Balance, July 01, 2009
Net Profit for the year
3,837,660
3,837,660
(13,500,000)
(13,500,000)
281,554,453
3,911,670
1,350,000
Taka
208.56
Dhaka,
Dated : October 28, 2010
SD/(AFROZA KHAN)
MANAGING DIRECTOR
SD/(H. R. KHAN)
CHAIRMAN
30.06.2009
(13,535,419)
819,313,567
(775,319,605)
(57,529,381)
(955,446)
778,676,350
(724,354,163)
(55,277,633)
(88,122)
(88,122)
-
4,065,189
(159,811)
4,225,000
29,676,661
(3,525,090)
46,412,991
(13,060,500)
(150,740)
--------------16,053,120
(2,517,015)
(43,266,042)
47,637,227
(6,439,671)
(448,529)
--------------592,728
17,833,169
-------------33,886,290
========
(10.03)
17,240,441
-------------17,833,169
========
(0.71)
Note
Taka
Dhaka,
Dated : October 28, 2010
SD/(AFROZA KHAN)
MANAGING DIRECTOR
SD/(H. R. KHAN)
CHAIRMAN
2.00.
Corporate Business
The Company owns and operates modern ceramic wares factory and produces high quality
Porcelain tableware products and sells them in the local as well as International Markets.
3.00.
4.00.
Of the BASs referred above, BASs 1, 2, 7, 8, 10, 12, 16, 17, 18, 21, 23, 24, 25, 28, 33, 36
and 37 are applicable for the accompanied financial statements and the remaining BASs
either are not relevant or effective for the financial statements under audit.
6.00.
8.00.
9.00.
Comparative Amounts
Wherever necessary, figures of the prior year has been re-arranged to conform with the
current years presentation as required by BAS-1.
2009-2010
10%
10%
20%
10%
10%
2008-2009
10%
10%
20%
10%
10%
Balance
as on
01.07.2009
O S T
D E P R E C I A T I O N
Addition
during
the year
Balance
as on
30.06.2010
Balance
as on
01.07.2009
Charged
during
the year
Balance
as on
30.06.2010
Value
as on
30.06.2010
Value
as on
30.06.2009
26,426,383
26,426,383
26,426,383
26,426,383
202,848,714
202,848,714
140,629,929
6,221,878
146,851,808
55,996,905
62,218,785
752,098,191
1,242,475
15,142
-
752,113,333
1,242,475
511,386,444
1,186,447
24,072,689
11,206
535,459,133
1,197,652
216,654,200
44,823
240,711,746
56,028
7,753,537
72,980
7,826,517
5,171,155
265,536
5,436,692
2,389,825
2,582,382
Sundry assets
3,615,261
3,615,261
2,938,636
67,662
3,006,299
608,962
676,625
2,172,664
2,172,664
2,172,664
2,172,664
304,293,762
334,844,612
Total 30.06.2010
996,157,225
88,122
996,245,347
661,312,613
30,638,972
691,951,584
Notes:
1) The rate and basis of depreciation are stated in note 11.02.
2) Depreciation has been apportioned as below :
30.06.2010
a) Conversion cost
b) Administrative expenses
c) Selling and distribution expenses
Taka
30.06.2009
30,294,567
333,199
11,206
33,658,948
362,112
14,007
-----------------
------------------
30,638,972
34,035,067
==========
==========
30.06.2010
84,500,000
30.06.2009
84,500,000
-----------------
-----------------
(Note-13.01)
Taka
84,500,000
84,500,000
==========
==========
13.01. Investment in shares represents the cost of 845,000 Ordinary shares of Tk.100.00 each of
Monno Fabrics Ltd.(MFL) an associated undertaking of the company.
The market value of the shares as on June 30, 2010, stands at Tk.58,093,750.00 (Tk.68.75
per share), which increased substantially at a subsequent period. The share value being
highly fluctuate no increase/decrease could be considered as permanent. Hence no
provision has been made in this regard.
14.00. CURRENT ASSETS :TK. 533,095,781
This is made up as follows :
30.06.2010
30.06.2009
Inventories
(Note-14.01)
328,571,701
319,582,782
Trade & other Receivables
(Note-14.02)
75,131,831
80,658,889
Advances, deposits & prepayments
(Note-14.03)
95,505,959
89,215,510
Cash & cash equivalents
(Note-14.04)
33,886,290
17,833,169
------------------
Taka
------------------
533,095,781
507,290,350
===========
===========
(Note-14.01.1)
(Note-14.01.2)
(Note-14.01.3)
(Note-14.01.4)
(Note-14.01.5)
Taka
30.06.2010
30.06.2009
71,442,633
39,360,094
76,346,850
135,985,024
5,437,100
70,703,247
41,734,303
74,313,587
126,379,245
6,452,400
------------------
------------------
328,571,701
319,582,782
===========
===========
14.01.1. The raw & other auxiliary materials have been valued at average cost.
14.01.2. The finished goods have been valued at lower of cost and net realizible value basis.
14.01.3. Stores & spares have been valued at average cost.
14.01.4. The work-in-process have been valued at prime cost with proportionate addition of
factory overhead.
14.01.5. Materials-in-transit represents the cost incurred up to the date of balance sheet for
consignment which have subsequently been cleared.
14.02. Trade & Other Receivable: Tk. 75,131,831
The break-up and nature of debtors are given below:
30.06.2010
30.06.2009
60,438,818
3,361,215
11,331,798
64,572,156
3,361,216
12,725,517
-----------------
-----------------
(secured)
(secured)
Taka
75,131,831
80,658,889
==========
==========
14.02.1. The amount due from parties/institutions are considered good and most of them have
been realised subsequently.
14.02.2. No amount was due from the directors (including Managing Director), managers and other
officers of the company and from any of them severally or jointly with any other person.
14.03. Advances, Deposits & Prepayments :Tk. 95,505,959
This is made up as follows:
i)
ADVANCES:
Advance against purchase/supplies
Advance income tax
Advance rent, rates & taxes
Other advances
(Note
14.03.1)
(Note
14.03.2)
30.06.2010
30.06.2009
12,364,147
10,177,304
56,588,567
49,171,548
6,990,775
2,614,988
78,558,477
620,253
9,509,157
69,478,262
DEPOSITS:
Security deposits
Lease deposits
Value added tax
5,773,064
6,635,687
3,142,712
15,551,463
30.06.2009
5,773,064
8,055,287
2,867,244
16,695,595
1,396,020
3,041,653
------------------
-------------------
95,505,959
89,215,510
===========
===========
14.03.1. This represents the amount paid to different suppliers against purchase of raw and other
auxiliary materials. Such advances were made in the normal course of business where no
collateral security is required. The entire amount has been adjusted subsequently.
14.03.2. Advance Income Tax : Tk.56,588,567
This is made-up as follows:
30.06.2010
30.06.2009
Opening Balance
Add:
49,171,548
7,417,019
42,045,106
7,126,442
6,955,416
461,603
7,126,442
-
-----------------
-----------------
56,588,567
49,171,548
==========
==========
14.03.3. No amount was due from the Directors (including Managing Director) of the company
and from any of them severally or jointly with any other person.
14.04. Cash and Cash Equivalents : Tk. 33,886,290
This is made-up as follows:
30.06.2010
30.06.2009
a. Cash in hand
5,364,041
4,805,109
b. Cash at banks
27,306,738
9,982,160
27,252,010
54,728
9,927,079
55,081
In current accounts
In STD accounts
c. Foreign currency retention account,
$ 10,430.10 & EURO 5,731.83
Taka
1,215,511
3,045,900
-----------------
-----------------
33,886,290
17,833,169
==========
==========
The above bank balances have been confirmed and reconciled with respective bank
statement balances as on 30.06.2010.
The above balances were held and available for use by the company without any restriction.
30.06.2010
30.06.2009
90,000,000
90,000,000
45,000,000
45,000,000
_______________
_______________
135,000,000
=========
135,000,000
=========
210,827
886,816
568,830
317,986
252,167
190
-----------1,350,000
=======
30.06.2009
No.of shares
%
15.62
65.69
42.14
23.55
18.68
0.01
-------100.00
=====
333,067
779,457
446,730
332,727
237,261
215
-----------1,350,000
=======
24.67
57.74
33.09
24.65
17.57
0.02
-------100.00
=====
The distribution schedule showing the number of shareholders and their shareholdings in
percentage are as follows:
Range of holdings
in number of shares
No. of shareholders
30.06.2010 30.06.2009
1 to
499
500 to
5000
5,001 to
10,000
10,001 to
20,000
20,001 to
30,000
30,001 to
40,000
40,001 to
50,000
50,001 to 100,000
100,001 to 1,000,000
Over 1,000,000
7,118
78
3
3
1
1
3
2
-
7,096
77
3
3
1
1
3
3
-
Total
7,209
7,187
No. of shares
Holding %
30.06.2010
30.06.2009
30.06.2010 30.06.2009
212,651
94,320
22,750
44,640
26,755
31,050
186,599
731,235
-
205,377
87,699
19,200
47,600
26,755
36,175
194,509
732,685
-
15.75
6.99
1.69
3.31
1.98
2.30
13.82
54.16
-
15.21
6.50
1.42
3.53
1.98
2.68
14.41
54.27
-
1,350,000 1,350,000
100.00
100.00
(Note 16.01)
(Note 16.02)
Taka
30.06.2010
30.06.2009
16,000,000
126,642,783
3,911,669
16,000,000
140,142,783
74,010
------------------
------------------
146,554,452
156,216,793
===========
===========
16.01. Details of the balance has been shown in the statement of changes in equity.
16.02. Details of the balance has been shown in the statement of changes in equity.
17.00. LONG TERM LOAN: TK.75,096,392
The break-up of the amount is given below :
30.06.2010
30.06.2009
Balance as on 30.06.2010
89,840,392
(14,744,000)
93,365,482
(14,013,968)
-----------------
-----------------
Taka
75,096,392
79,351,514
==========
==========
Taka
------------------
554,535,953
545,213,170
===========
===========
Taka
-----------------
17,708,986
15,672,496
==========
==========
The above amounts were provided as on 30.06.2010 and were paid subsequently.
30.06.2010
30.06.2009
3,322,071
2,320,457
1,496,002
1,948,000
1,054,716
306,161
984,365
3,322,071
2,320,457
1,496,002
1,948,000
1,054,716
306,161
-
----------------
----------------
11,431,772
100,000
100,000
10,447,407
100,000
100,000
-----------------
----------------
11,631,772
10,647,407
==========
==========
19.06.1. Income tax assessment has been finalised upto assessment year 2008 -2009.
19.06.2. Income Tax case is pending in the High Court for final settlement of assessed Income Tax
for assessment year 2001-2002. Provision has been made for income tax on lump sum
basis.
19.07. Liabilities For Other Finance : Tk.49,765,119
This is arrived at as follows:
30.06.2010
30.06.2009
Security deposit
WPPF & WWF
Tax deducted at source against supply of goods/services
VAT deducted at source against supply of goods/services
Tax deducted from the salary of employees for June-2010
Amount payable to shareholders against sale-proceeds
of right issue of shares
Temporary loan Received from Monno Power Generation
& Distribution Ltd.
Lease Rental Payble & Int. on MPGDL & UFL
Others
15,903,299
750,475
4,362,748
154,527
693,599
15,828,008
509,374
1,727,357
74,725
202,187
3,000
3,000
14,266,515
11,231,914
2,399,042
27,923,515
15,239,081
4,882,184
----------------
-----------------
Taka
49,765,119
66,389,431
==========
==========
30.06.2010
394,401,723
Taka
(note 21.01)
Total
Add: Purchase of finished goods (Monno Bone China)
Less: Closing stock of finished goods
Cost of goods sold
Taka
30.06.2009
315,657,823
419,384,787
463,923,638
-------------------
-------------------
813,786,510
779,581,461
===========
===========
30.06.2010
30.06.2009
41,734,303
610,292,178
39,832,490
600,792,837
-------------------
-------------------
652,026,481
31,388,177
640,625,327
18,737,036
-------------------
-------------------
683,414,658
39,360,094
659,362,363
41,734,303
------------------
-------------------
644,054,564
617,628,060
===========
===========
Cost of good sold includes purchase of 4,23,227 pcs. of finished ware from Monno Bone China
Ltd
21.01. Cost of Production : Tk.610,292,177
This is made up as follows :
Opening work-in-process
Add: Raw & other auxiliary materials consumed
during the year
(Note : 21.01.1)
Add : Conversion cost
(Note : 21.01.2)
Total
Less: Closing work-in-process
Taka
Cost of production
Taka
30.06.2010
126,379,245
30.06.2009
119,039,814
352,882,157
267,015,800
333,226,117
274,906,151
-------------------
-------------------
746,277,202
135,985,024
727,172,082
126,379,245
-------------------
-------------------
610,292,178
600,792,837
===========
===========
30.06.2009
62,773,110
341,156,254
-------------------
-------------------
424,324,790
71,442,633
403,929,364
70,703,247
-------------------
-------------------
Taka
352,882,157
333,226,117
===========
===========
30.06.2010
107,660,032
40,478,154
1,575,480
4,230,104
47,111,903
29,958,915
2,715,892
109,891
101,040
994,273
86,874
1,527,801
170,874
30,294,567
30.06.2009
106,809,054
48,052,938
2,573,558
5,805,643
41,856,291
29,265,306
2,526,899
181,279
345,419
5,720
1,806,780
6,179
1,782,180
229,957
33,658,948
-------------------
-------------------
267,015,800
274,906,151
===========
===========
30.06.2010
15,581,469
2,328,388
913,601
99,110
2,529,456
174,363
2,776,040
2,214,230
1,510,372
1,314,095
65,000
897,372
1,594,143
4,015,000
1,508,618
151,939
503,620
211,246
662,922
333,199
30.06.2009
7,949,097
1,967,498
884,019
1,607,708
122,148
1,557,543
1,937,614
1,440,142
942,316
65,000
1,184,995
1,578,087
4,030,000
1,093,411
151,605
26,610
93,645
547,493
362,112
-----------------
-----------------
Taka 39,384,183
27,541,042
==========
==========
30.06.2010
2,681,000
95,040
30.06.2009
1,140,319
417,224
---------------
---------------
2,776,040
1,557,543
=========
=========
30.06.2010
65,000
30.06.2009
65,000
-----------
----------
65,000
65,000
=======
======
30.06.2010
71,460
494,256
140,688
190,968
30.06.2009
31,100
746,194
145,310
262,391
------------
--------------
897,372
1,184,995
=======
=========
30.06.2009
9,489,974
133,097
1,503,232
571,805
473,522
40,800
2,541,919
564,364
101,999
680,370
9,873,585
1,271,978
939,956
1,928,334
578,585
14,007
-----------------
-----------------
Taka 34,793,563
30,707,526
==========
==========
30.06.2010
30.06.2009
4,225,000
---------------
---------------
4,225,000
=========
=========
30.06.2010
30.06.2009
27,825,615
59,998,732
2,666,727
25,201,111
78,912,953
2,380,156
------------------
-------------------
Taka 90,491,074
106,494,221
===========
===========
25.01. Interest on cash credit & Rent installment on lease are as follows : Tk.59,998,732
30.06.2010
30.06.2009
29,703,766
30,076,522
30,294,966
48,836,431
----------------
-----------------
Taka 59,998,732
78,912,953
==========
==========
30.06.2010
30.06.2009
3,837,660
1,029,451
Taka
1,350,000
1,350,000
---------------
---------------
2.84
0.76
=========
=========
Directors
2009-2010
Directors Remuneration
Managerial Remuneration
Bonus
Perquisites:
Housing
Medical allowance
Conveyance allowance
Entertainment allowance
Directors/Officers Remuneration Etc. (2009-2010) Taka
Directors/Officers Remuneration Etc. (2008-2009) Taka
Officers
2,440,000
450,000
2,502,523
417,087
840,000
285,000
4,015,000
4,030,000
1,251,262
250,252
250,252
40,300
4,711,676
3,581,359
Goods sold
(in Tk.)
-
Goods purchased
(in Tk.)
80,188,810
473,384
37,958,288
31,388,177
The above transactions took place at arms length basis and bills were raised and settled in
due time.
30.00. FOREIGN INVESTORS
30.01. As on the date of balance sheet there were 3 non-resident shareholders whose total
shareholdings were 190 shares.
30.02. No dividend is paid in foreign currencies. However dividend to the foreign investors are
paid in local currency through their local custodian bankers.
2009-2010
%
22.000
16.546
75.21
2008-2009
%
22.000
14.811
67.32
During the year under review the Company operated keeping in view the market demand
for its products.
32.00. CONTINGENT ASSETS/LIABILITIES
There was no contingent liability as on 30th June, 2010 and there was no claim against
the company not acknowledged as debt as on 30.06.2010
33.00. CREDIT FACILITY NOT AVAILED
There was no credit facilities available to the Company under any contract but not
availed of as on 30.06.2010 other than trade credit available in ordinary course of
business.
34.00. CAPITAL EXPENDITURE COMMITMENT
There was no capital expenditure commitment of the company as of 30th June, 2010
35.00. FOREIGN EXCHANGE EARNED
Export of goods calculated on FOB basis is US$ 6.19 million.
Other income is nil.
36.00. PAYMENTS IN FOREIGN CURRENCY
For Raw & Other auxiliary materials US$ 21,93,500.00
For Stores & Spares US$ 3,07,935.00
37.00. VALUE ADDITION: TK. 214,731,854
During the year the company made the value-addition of Tk.214,731,854.00 which has
been shown below:
Particulars
Turnover & Other Income
Bought-in-Materials & Services
2010
813,786,510
(599,054,656)
-------------------
Value Added
Applications:
Duties & Taxes to Government Exchequer
Salaries and Benefits to Employees
Interest to Lenders
Retained by the Company
Total :
Taka
214,731,854
%
----------
===========
======
15,097,291
138,267,522
57,529,381
3,837,660
--------------214,731,854
=========
7
64
27
2
----100
===
Dhaka,
Dated: October 28, 2010
SD/(AFROZA KHAN)
MANAGING DIRECTOR
SD/(H. R. KHAN)
CHAIRMAN
PROXY FORM
I/We,......................................................................
of ...................................................
being shareholder(s) of MONNO CERAMIC INDUSTRIES LIMITED, hereby appoint
Mr./Mrs./Miss.................................................................
of.....................................
as my/our proxy in my/our absence to attend and vote for me/us and on my/our behalf at the twenty-ninth
Annual General Meeting of the Company to be held on Wednesday the 29th December 2010 at 9.00 a.m.
at Bashundhara Convention Center, Block-G, Umme Kulsum Road, Bashundhara R/A., Baridhara,
Dhaka, and at any adjournment thereof.
Shareholder's Folio/BO No. :
Number of shares held
Affix
Tk.8.00
revenue
stamps
Signature of proxy
Signature of shareholder(s)
Date :
Signature of witness
FOR OFFICIAL USE
Received in the office on .....................
Note:
Signature verified
Authorised Signatory
The proxy form duly filled in/signed and affixed with revenue stamps of Tk.8.00 must be deposited at the
registered office of the Company not less than 48 hours before the time fixed for the meeting.
...