(Final) Financial Statement For Tax Return (03.03.2018)

Ratanpur Jute Spinners Limited
Rupayan Golden Age (7th Floor),

99 Gulshan Avenue, Gulshan 2,
Dhaka 1212

––––––––––––––––––––––––
Financial statements
for the year ended 30 June 2017 (AY-2017-18)
MAKC

Statement of Financial Position
As at 30 June 2017
Notes Amounts in BDT

ASSETS At 30 June 2017 At 30 June 2016
Non-current asset:
Property, plant and equipment 4 13,167,559 10,763,268
13,167,559 10,763,268
Current assets:
Inventories 5 18,386,793 25,685,271
Trade and other receivables 6 3,608,051 3,457,245
Preliminary expense 7 - -
Advances, deposits and pre-payments 8 480,872 218,164
Cash and cash equivalents 9 810,497 718,510
Total current asset 23,286,212 30,079,190
Total assets 36,453,771 40,842,457
EQUITY AND LIABILITIES
Shareholders' equity
Share capital 10 10,000,000 10,000,000
Retained earnings 11 12,795,064 8,546,966
Total equity 22,795,064 18,546,966
Current liabilities
Accrued expenses 12 2,566,582 749,443
Unearned revenue 13 - 10,811,398
Trade and other payables 14 11,092,125 10,734,650
Total current liabilities 13,658,707 22,295,491
Total equity and liabilities 36,453,771### 40,842,457
These financial statements should be read in conjunction with annexed notes.
Director Managing Director
Signed in terms of our separate report of even annexed
Date: Dhaka Mohammad Ata Karim & Co.

25th September 2017 Chartered Accountants
2
MAKC

Statement of profit or loss and other comprehensive Income
For the year ended 30 June 2017
Notes Amounts in BDT

30-Jun-17 30-Jun-16
Revenue 15 84,500,135 70,817,564
Cost of sales 16 77,659,682 66,047,599
Gross profit 6,840,453 4,769,966
Other income 17 4,961,900 6,955,725
### 11,802,353 11,725,691
Operating expenses
Administrative expenses 18 6,309,839 6,647,435
Selling expenses 19 497,013 477,219
### 6,806,852 7,124,654
Profit from operation 4,995,501 4,601,037
WPPF @ 5% - 230,052
Profit before tax 4,995,501 4,370,985
Income tax charge 627,403 668,735
Profit after tax 4,368,098 3,702,250
Other comprehensive income - -
Total comprehensive income for the year 4,368,098 3,702,250
Prior period adjustment for Factory rent 120,000 -
4,248,098 3,702,250
These financial statements should be read in conjunction with annexed notes.
Signed in terms of our separate report of even annexed

2
MAKC

Statement of Changes in Equity
BDT BDT BDT
Share Retained
Particulars Total
capital earnings
Balance as at 01 July 2016 10,000,000 8,546,966 18,546,966

Total comprehensive income for the 2016-2017 - 4,368,098 4,368,098
Prior Period adjustment for Factory rent (120,000) (120,000)
Balance as at 30 June 2017 10,000,000 12,795,064 22,795,064
Balance as at 01 July 2015 10,000,000 4,844,716 14,844,716

Total comprehensive income for the 2015-2016 - 3,702,250 3,702,250
Balance as at 30 June 2016 10,000,000 8,546,966 18,546,966

3
MAKC

Statement of Cash Flows
BDT BDT
A. Cash flows from operating activities 30-Jun-17 30-Jun-16
Collection from export and other income 91,223,136 89,184,163
Payment for cost and other expenses 87,057,827 79,415,828
4,165,309 9,768,335
Income tax paid (627,403) (668,735)
Net cash used/flows in operating activities 3,537,906
### 9,099,600
B. Cash flows from investing activities
Acquisition of property, plant and equipment (3,445,919) (8,821,723)
Net cash used in investing activities (3,445,919) (8,821,722)
C. Net cash flows from Financing activities - -
D. Net increase / decrease in cash and cash equivalents (A+B+C) 91,987 277,878
E. Opening cash and cash equivalents 718,510 440,632
F. Closing cash and cash equivalents (D+E) 810,497 718,510

4
Notes to the Financial Statements

1 Significant accounting policies and other material information:
1.1. Status of the Company
Ratanpur Jute Spinners Limited is a Private Limited Company registered under the Companies Act,
1994. The Company was incorporated in Bangladesh on 10 January 2012 bearing registration
number: C-98499/12.
1.2. Nature of business

The company operates in a single industry segment. It owns and operates a jute spinning mill and
producing and export jute yarn and Twine.
2 Basis of measurement
The financial statements have been prepared under the historical cost basis.
2.1 Reporting period
The Financial period of the Company covers one year from 1st July 2016 to 30 June 2017 and
is followed consistenly.
2.2 Functional and presentation currency

These Financial Statements are presented in Bangladeshi Taka, which is both functional currency
and presentation currency of the Company.
2.3 Level of precition
The figures in the Financial Statements have been rounded off to the nearest Taka.
2.4 Components of these financial statements
Following are the components of these financial statements:
(i) Statement of Financial Position at 30 June 2017

(ii) Statement of Comprehensive Income for the year ended 30 June 2017
(iii) Statement of Changes in Equity for the year ended 30 June 2017
(iv) Statement of Cash Flows for the year ended 30 June 2017
(v) Explanatory notes to the above Financial Statements which also describe accounting policies
adopted and followed by the Company.
2.5 Statement of compliance
The Financial Statements have been prepared and the disclosures of information are made in
accordance with the requrements of the Companies Act, 1994 and Bangladesh Financial Reporting
Standards (BFRSs) as long as applicable for the Company. BFRSs comprise of:
a) Bangladesh Financial Reporting Standards (BFRSs)
b) Bangladesh Accounting Standards (BASs)
c) Interpretations
2.6 Use of estimates and judgements
The preparation of Financial Statements requires management to make judgements, estimates and
assumtions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income and expenses. The estimates and underlying assumptions are based on experience
and various other factors that are believed to be reasonable under the circumtances, the result of
which form the basis of making judgements about the carrying values of assets and liabilities that are
not readily apparent from other sources. Actual results may differ from these estimates.
5

Estimates and underlying assumtions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognized in the period in which the estimate is revised if the revision affects only that
period or in the period of revision and future periods if the revision affects both current and future
periods.
3 Accounting assumtions
3.1 Accrual basis of accounting
The Financial Statements have been prepared, except Statement of Cash Flows, under Accrual Basis
of Accounting in accordance with applicable Bangladesh Accounting Standards which do not vary
from the requirements of the Companies Act, 1994 and other laws and rules as applicable in
Bangladesh.
3.2 Goning concern

The Financial Statements are prepared on a going concern basis. As per Management's assessment,
there is no material uncertainty relating to events or condition which may cast dout upon the
Company's ability to continue as a going concern.
3.3 Application of Bangladesh Financial Reporting Standards (BFRS)

The following BFRSs are applicable for the Financial Statements for the year under review:
BAS 1 Presentation of Financial Statements
BAS 2 Inventories
BAS 7 Statement of cash flows
BAS 8 Accounting policies, changes in accounting estimates and errors
BAS 10 Events after the reporting period
BAS 12 Incomes taxes
BAS 16 Property, plant and equipment
BAS 18 Revenues
BAS 19 Employee benefits
BAS 21 The Effects of changes in foreign exchange rates
BAS 24 Related party disclosures
BAS 37 Provisions, contingent liabilities and contingent assets
3.4 Inventories
Inventories are valued at lower of cost and net realizable value. Cost of inventories includes
expenditure incurred in acquiring the inventories, production or conversion costs and other costs
incurred in bringing them to their existing location and condition. Cost of inventories is determined
by using the Weighted Average Cost Formula. Where necessary allowance is provided for damaged
obsolete and slow moving items to adjust the carring value of inventories to the lower of cost and net
realizable value. Net realizable value is based on estimated selling price in the ordinary course of
business less the estimated costs of completion and the estimated costs necessary to make the sale.
3.5 Supplies
There is Supplies consists of Electrical goods, Hardware & tools, Spare parts, Printing &
stationery and Stock of oil.
6

3.6 Statement of cash flows
The Statement of cash flows has been prepared in accordance with the requirements of BAS 7:
Statement of Cash Flows.
3.7 Accounting policies, changes in accounting estimates and error
3.7 (a) Accounting policies

Accounting Policies are the specific principles, bases, conventions, requirements and practices used
by an entity in preparing and presenting its Financial Statements. An existing accounting policy
should only be changed where a new accounting will result in reliable and more relevant information
being presented. Any changes in accounting policy required to be accounted for retrospectivly except
where it is not practicable to determine the effect in priod periods.
3.7 (b) Accounting estimates

The preparation of Financial Statements requires many estimates to be made on the basis of latest
available, reliable information.The effect of a change in accounting estimates should therefore be
recognised prospectively.
3.7 (c) Prior period error

A prior period error is where an error has occurred even though reliable information was available
when those financial statements were authorized for issue.
Retrospective restatement of financial statements is required to adjust prior period errors as if the
prior period error had never been occurred.
3.8 Events after the reporting period

Events after the reporting period that provide additional information about the Company's position at
the date of Statement of Financial Position or those that indicate the going concern assumption is not
appropriate are reflected in the Financial Statements. Events after the reporting period that are not
adjusting events are disclosed in the notes when material.
3.9 Tax provision

Provision for taxation is calculated on the basis of applicable current tax rate.
3.10. Property, plant and equipment

3.10.(a) Recognition and measurement
Items of property, plant and equipment, excluding freehold land, freehold building, measured at cost
less accumulated depreciation and accumulated impairment losses, if any. Freehold land is measured
book value. The cost of an item of property, plant and equipment comprises its purchase price,
import duties and non- refundable taxes (after deducting trade discount and rebates) and any costs
directly attributable to bringing the assets to the location and condition necessary for it to be capable
of operation on the intended manner.
7
3.10.(b) Subsequent costs
The cost of replacing or upgrading part of an item of property, plant and equipment is recognized in
the carrying amount of the item if it is probable that the future economic benefits embodied within
the part will flow to the Company and its cost can be measured reliably. The costs of the day-to-day
servicing of property, plant and equipment are recognizes in the Statement of Comprehensive
Income as incurred.
3.10.(C) Depreciation policy

Depreciation is charged for the year on straight line method on all fixed assets other than land. For
additions during the year, full year depreciation is charged of the year and for disposal, depreciation
is charged up to the date of disposal. The rate of depreciation varies according to the estimated useful
lives of the items of property, plant and equipment. The rates of depreciation of each class of assts
are as follows:
Particulars Rate Method

Land development 0% -
Building development 10% SLM
Plant & machinary 10% SLM
Electrical equipment 20% SLM
Furniture, Fixture & office equipment 20% SLM
Vehicles 20% SLM
3.10.(d) Major maintenance activities

The Company incurs maintenance costs for all of its major items of property, Plant and equipment.
Repair and maintenance costs are charged as expenses when incurred.
3.10.(e) Capital work in progress

Capital Work in Progrss consists of acquisition costs, capital components and related installation
cost, until the date when the asset is ready to use for its intended purpose. In case of import of
components, capital work in progress is recognized when risks and rewards associated with such
assets are transferred to the Company.
3.11. Revenues
Revenues are recognized when the risk and reward of the ownership is transferred to the buyer,
recovery of the consideration is probable, the associated cost and possible return can be estimated
reliably and there is no continuing management involvement with the service provided.
3.12 Foreign currency transactions
Foreign Currencies are converted into Bangladesh Taka at rates ruling on the date of transaction and
the balance in hand at the close of the business, at the rate prevailing on the Statement of Financial
Position date in accordance with BAS 21 "The Effects of changes in Foreign Exchange Rates".
8

3.13 Borrowing cost
Borrowing Cost that can be directly attributable to a qualifying asset is capitalized during
construction period. A qualifying asset is an asset that necessarily takes a substantial period of time
to get ready for its intended use or sale. The borrowing costs that are directly attributable to the
acquisition, construction or production of a qualifying asset are those borrowing cost that would have
been avoided if the expenditure or the qualifying asset had not been made. All other borrowing costs
are recognized in Statement of Comprehensive Income in the period in which they are incurred.
Borrowing costs that are not directly attributable to the acquisition, construction or production of a
qualifying asset are recognized in Statement of Comprehensive Income using the effective interest. It
comprises interest expenses on borrowings.
3.14 Accounts and other receivables

Accounts Receivables represents the amounts due from institutional customers. Accounts
receivables are stated at original invoices amount without making any provision for doubtful debts.
3.15 Advance, deposit and prepayments

Advances are initialy measured at cost. After initial recognition, advances are carried at cost less
deductions, adjustments or any other changes. Deposits are measured at payment value.
Prepayments are initially measured at cost. After initial recognition prepayments are carred at cost
less charges to Statement of Comprehensive Income.
3.16 Cash and cash equivalents

Cash and Cash Equivalents comprises cash in hand, cash in transit and cash at bank.
3.17 Loans and borrowings
Principal amounts of the loans and borrowings are stated at their amortized amount. Borrowings
repayable after twelve months from the date of the Statement of Financial Position are classified as
non-current liabilities, whereas the position of borrowings repayable within twelve months from the
date of the Statement of Financial Position, unpaid interest and other charges are classified as current
liabilities.
3.18 Accounts and other payables

Trade and other payables are recognised when its contractual obligations arising from past events
arecertain and settlement of which is expected to result in an outflow from the Company of resources
embodying economic benefits.
3.19 Provision & contingencies

A provision is recognised in the Statement of Financial Position when the Company has a legal or
construction obligation as a result of a past event and it is probable that an outflow of economic
benefis will be required to settle the obligation and a reliable estimate can be made of the amount of
the obligation. Provision is ordinary measured at the best estimate of the expenditure required to
settle the present obligation at the date of Statement of Financial Position. Contingent Liabilities and
Assets are not recognised in the Statement of Financial Position of the Company.
9
Notes-4: Details of property, plant and equipment
Cost Depreciation
At Addition Total at Rate At Charge for the Total at
Particulars 01 July 2016 during the Sales of 01 July 2016 year 30 June
year adjustment 30 June 2017 dep. 2017
BDT BDT BDT BDT BDT BDT BDT
Land and land development 2,896,128 1,884,298 - 4,780,426 - - - -

Capital work in progress - 986,171 - 986,171 - - - -
Plant & machinary 8,331,375 - - 8,331,375 10% 837,836 833,138 1,670,974
Electrical equipment - 545,000 545,000 20% - 109,000 109,000
Furniture, Fixture & equipment 7,000 30,450 - 37,450 20% 1,400 7,490 8,890
Vehicles 460,000 - - 460,000 20% 92,000 92,000 184,000
Total as at 30 June 2017 11,694,503 3,445,919 - 15,140,422 931,236 1,041,628 1,972,864
10
Annex A
Written down
value at
30 June 2017
BDT
4,780,426
986,171
6,660,402
436,000
28,560
276,000
13,167,559
BDT BDT
30 June 2017 30 June 2016
5. Inventories
Raw materials 11,901,070 13,641,426
Work-in process 1,246,720 6,543,211
Finished goods 3,404,326 5,500,634
Spare parts, hardware & others 1,834,677 -
18,386,793 25,685,271
6 Trade and other receivables

Receivable from Transocean Fibers International 3,608,051 3,457,245
3,608,051 3,457,245
7 Preliminary expenses
Opening balance - 49,351
Less: write off preliminary expenses - 49,351
- -
8 Advances, deposits and pre-payments

Advance paid to party 480,872 218,164
9 Cash and cash equivelants

Cash in hand 173,374 179,240
Cash at bank
City Bank Ltd. A/c No. 1401589257001 4,222 6,408
IFIC Bank Ltd. 1002-738597-001 9,922 382,008
IFIC Bank Ltd. 1002-738597-836 29,921 29,921
Modhumoti Bank Ltd. # 1101-11100000437 - 4,425
NRBC Bank Ltd. # 010233300000409 2,177 -
Rupali Bank Ltd. 00002000-81078, Motijheel Corporate Dhaka 486 1,636
Trust Bank Ltd. 0016-0210010649 487,897 112,328
Trust Bank Ltd. 0020-0320000268 100,853 -
Trust Bank Ltd. 5007-0210002195 1,645 2,544
810,497 718,510
10 Share Capital
Authorised:
5,000,000 Ordinary shares of BDT 10 each 50,000,000 50,000,000
Issued, subscribed & paid-up capital:
1000,000 Ordinary shares of BDT 10 each fully paid-up in cash 10,000,000 10,000,000
10.1 The break up of share holding is as follows:
Number of Value per
Name
share share
Mr. Marzanur Rahman 800,000 10 8,000,000 8,000,000
Mr. Mizanur Rahman 200,000 10 2,000,000 2,000,000
Total 1,000,000 10,000,000 10,000,000
11
BDT BDT
30 June 2017 30 June 2016
11 Retained earnings
Opening balance 8,546,966 4,844,716
Add: Profit/(loss) for the year 4,368,098 3,702,250
Prior perid adjustment for factory rent (120,000) -
12,795,064 8,546,966
12 Accrued expenses
Factory rent 120,000
Audit fee 38,333
Leave payable - 64,867
TDS & VDS Payable 13,560 -
Utility expense 1,905,473 -
Salary payable 489,216 684,576
2,566,582 749,443
13 Unearned revenue
Advance received from party - 10,811,398
14 Trade & other payable

Opening balance 10,734,650 17,665,100
Add: payable during the year 19,555,836 4,551,096
Total payable 30,290,486 22,216,196
Less: paid during the year 19,198,361 11,481,546
Net payable during the year 11,092,125 10,734,650
15 Revenue as per export Statement

12 lbs /1ply (hes) 3,608,051
14lbs /1ply (hes) - 7,011,358
16lbs /1ply(sac) 41,853,941 33,095,296
16lbs /2ply(hes) 1,891,450
18lbs /1ply(sac) 15,699,654 6,257,832
20lbs /2ply (sac) - 1,889,817
22lbs /1ply(sac) - 1,411,379
24lbs /1ply (sac) 3,869,145 -
28lbs /1ply(sac) 17,577,894 21,089,414
Others - 62,468
84,500,135 70,817,564
16 Cost of Sales
Raw jute consumed (Note 16.1) 51,780,356 48,146,723
Manufacturing Expenses (Note 16.2) 18,486,528 20,026,740
Cost of goods manufactured 70,266,884 68,173,463
Add: Opening WIP 6,543,211 5,400,634
Less: Closing WIP 1,246,720 6,543,211
Cost of production 75,563,375 67,030,886
12
BDT BDT
30 June 2017 30 June 2016
Add: Opening finished goods 5,500,634 4,517,347
Less: Closing finished goods 3,404,326 5,500,634
77,659,682 66,047,599
16.1. Raw jute consumed

Opening stock of raw jute 13,641,426 15,942,053
Raw jute purchase 50,040,000 45,846,096
63,681,426 61,788,149
Less:closing raw materials 11,901,070 13,641,426
51,780,356 48,146,723
16.2. Manufacturing expenses

Carying charges 3,000 40,640
Communication expense 34,700 35,310
Depreciation expense 942,138 833,138
Electric goods 60,000 65,780
Electricity expenses 3,060,440 2,551,923
Entertainment 40,000 145,890
Fire insurance 162,864 247,500
Fuel for generator 275,432 374,432
Oil for machine 252,000 -
Gas bill 2,439,372 2,085,023
Factory rent 120,000 -
Jute processing 525,000 908,005
Loading & un-loading bill 5,000 102,400
Medical expenses 35,780 25,717
Miscellaneous expenses 2,500 15,060
Overtime allowance 46,780 26,488
Printing & stationery 15,100 31,413
Repair & maintenance 12,390 310,495
Sanitation & cleasing 11,230 17,800
Travelling & Conveyance 85,970 65,740
Wages and Bonus 10,356,832 12,143,986
18,486,528 20,026,740
17 Other income
Cash incentive 4,961,900 6,955,725
4,961,900 6,955,725
18 Adminisrative expenses
Audit fee 38,333 30,000
Bank charges 216,359 111,572
Communication expenses 41,000 81,914
Credit Rating fee - 30,000
Depreciation 99,490 93,400
Entertainment 9,000 11,230
Fuel for vehicles 41,313 73,212
Handling charge - 9,950
Insurance premium on factory - 118,800
Fees & charges (RJSC) 28,000 75,000
13
BDT BDT
30 June 2017 30 June 2016
Legal expenses - 5,000
License and renewal fees 10,200 17,500
Miscellaneouns expenses 8,500 15,000
Printing & stationery 9,400 19,840
Salary & benefit 5,732,324 5,658,481
Social welfare expense 18,600 30,890
Subscription - 3,500
Travelling expenses 39,420 167,900
Vehicle maintenance 17,900 44,895
Write off preliminary expense - 49,351
6,309,839 6,647,435
19 Selling expenses
B/L fee 18,700 16,250
C & F fees 235,400 225,014
Export related expenses 234,713 230,955
Inspection fees 8,200 5,000
497,013 477,219
14
SL Inv no. Inv Date RD Export bill No. Inv ValueRealise vaBill value ExchangTaka TDS Exp no.
1 01/KTC/15-16 23.07.2015 FDBC/1320/2015 17400 17375 17375 76.9 1,336,138 7,967 0802-02664-15
2 02/KTC/15-16 19.07.15 23.07.2015 FDBC/1319/2015 22800 22778 22800 1,753,320 10,441 0802-02663-15
3 03/KTC/15-16 13.08.2015 FDBC/1483/2015 24600 24575 24575 1,889,817 11,336 0802-02885-15
4 04/KTC/15-16 08.08.15 19.08.2015 FDBC/1550/2015 18600 18575 18575 1,428,418 8,571 0802-02973-15
5 05/KTC/15-16 23.08.2015 FDBC/1575/2015 22800 22775 22775 1,751,398 10,506 0802-03072-15
6 06/KTC/15-16 26.08.15 08.09.2015 GULFDBC01711/2015 22800 22775 22775 1,753,320 10,513 0802-03371-15
7 07/MILI/15-16 14.09.2015 FDBC/0846/2015 18330 19215 18330 76.76 1,407,018 8,442 0802-03422-15
8 08/KTC/15-16 01.09.15 14.09.2015 GULFDBC01744/2015 22800 22775 22800 1,753,320 10,520 0802-03421-15
9 10/MILI/15-16 17.09.15 22.09.2015 FDBC/0877/2015 18599 19215 18590 76.76 1,426,976 8,562 0802-03587-15
10 09/TR/15-16 20.9.15 04.10.2015 30411FDBC000080 39000 40409 39000 76.98 3,002,220 1,062 0802-03529-15
11 12/MILI/15-16 15.11.2015 FDBC/1077/2015 18330 19240 18330 76.76 1,407,018 8,442 0802-04403-15
12 11/ECO/15-16 08.11.2015 01.12.2015 GULFDBC021272015 23100 24750 23100 77.99 1,801,569 10,809 0802-01219-15
13 13/MILI/15-16 02.12.2015 09.12.2015 FDBC/1098/2015 18070 19163.5 18070 78.106 1,411,379 8,468 0802-04504-15
14 15/TFI/15-16 21.12.2015 24.12.2015 FDBC/1157/2015 21710 22594 21710 77.658 1,685,946 10,116 0802-04685-15
15 14/HEBEI/15-1610.12.2015 07.01.2016 GULFDBC024172015 51900 51695 77.75 4,016,667 24,100 0802-04646-15
16 16/TFI/15-16 31.12.2015 10.01.2016 FDBC/026/2016 21710 22595 21710 77.508 1,682,701 10,096 0802-04800-15
17 17/TR/15-16 14.01.16 26.01.2016 GULFDBC001132016 49200 51270 49200 77.78 3,826,776 19,939 0802-000066-16
18 18/TFI/15-16 19.01.2016 27.01.2016 FDBC/074/2016 21710 22595 21710 77.558 1,683,784 10,103 0802-000172-16
19 19/TFI/15-16 01.02.16 06.02.2016 FDBC/0121/2016 43420 45125 43420 77.608 3,369,731 20,218 0802-000313-16
20 20/TFI/15-16 16.02.16 18.02.2016 FDBC/0154/2016 43420 45199.5 43420 77.558 3,367,568 20,205 0802-000154-16
21 22/TFI/15-16 12.03.16 19.03.2016 FDBC/0224/2016 43420 45240 43420 77.458 3,363,239 20,179 0802-000701-16
22 24/TFI/15-16 24.03.16 29.03.2016 FDBC/0243/2016 21710 22519 21710 77.458 1,681,620 10,090 0802-000822-16
23 26/TFI/15-16 20.04.16 28.04.2016 FDBC/0334/2016 44720 47555 44720 77.458 3,463,935 20,784 0802-001029-16
24 28/TFI/15-16 04.05.16 10.05.2016 FDBC/0368/2016 44720 47555 44720 77.458 3,463,935 20,784 0802-001238-16
25 21/ECO/15-16 25.02.16 11.05.2016 GULFDBC00411/2016 24300 26100 24300 77.58 1,885,182 11,311 0802-00537-16
26 25/JCORD/15-1627/4/16 03.05.2016 ELC 08021605448 FX p 820 805 805 77.6 62,468 381 0802-01240-16
27 30/TFI/15-16 02.06.16 07.06.2016 FDBC/0433/2016 44460 47035 44460 77.458 3,443,796 20,663 0802-01469-16
28 23/ECO/15-16 15.03.16 08.06.2016 GULFDBC00513/2016 12150 13050 12150 77.58 942,591 5,656 0802-00724-16
29 27/ECO/15-16 24.04.2016 08.06.2016 GULFDBC00726/2016 25500 27495 25500 77.58 1,978,277 11,870 0802-01093-16
30 31/TFI/15-16 16.06.16 22.06.2016 FDBC/0467/2016 44720 47539.5 44720 77.359 3,459,477 20,757 0802-01615-16
31 29/ECO/15-16 22.05.16 28.06.2016 GULFDBC00894/2016 24000 25930 24000 77.53 1,860,715 11,164 0802-01387-16
32 32/TFI/15-16 10.7.16 26.06.2016 FDBC/0552/2016 44720 47539.5 44720 77.309 3,457,245 20,743 0802-01907-16
70,817,564 404,797
TDS on Export certificate 440,063
TDS on cash incentive certificate 208,672
648,735
TDS on Car 20,000
668,735
Bank charge Bank
600 IFIC Bank Ltd. 28lbs/1ply(sac)
600 IFIC Bank Ltd. 14lbs/1ply (hes)
600 IFIC Bank Ltd. 20lbs/2ply (sac)
600 IFIC Bank Ltd. 28lbs/1ply(sac)
600 IFIC Bank Ltd. 14lbs/1ply (hes)
600 IFIC Bank Ltd. 14lbs/1ply
3,194 Bank Asia Ltd. 18lbs/1ply(
600 IFIC Bank Ltd. 14lbs/1ply
3,214 Bank Asia Ltd. 16lbs/1ply
3,615 Jamuna Bank Ltd28lbs/1ply(sac)
3,194 Bank Asia Ltd. 18lbs/1ply(sac)
2,607 Mutual Trust Ban28lbs/1ply(sac)
15,939 IFIC Bank Ltd. 28lbs/1ply(sac)
11,500 Jamuna Bank Ltd28lbs/1ply(
3,471 Bank Asia Ltd. 16lbs/1ply(
5,157 Bank Asia Ltd. 16lbs/1ply (
5,251 Bank Asia Ltd. 16lbs/1ply (sac)
700 IFIC Bank Ltd.
2,783 Mutual Trust Ban16lbs&28lbs/1ply (sac)
5,246 Bank Asia Ltd. 16lbs/1ply (sac)
Bank Asia Ltd. 16lbs/1ply (sac)
111,572
70,301,194
(35,265)
Export Realization Statement
SL Inv no. Inv Date Export bill No. Inv Value Realise value Exchange ra Taka TDS Exp no. Bank charge Bank
1 01/TFI/16-17 14.08.2016 FDBC/0631/16 44720 44720 77.3087 3,457,245 20743 802-241916 5245 Bank Asia Ltd. 16lbs/1ply(sac)
2 02/TFI/16-17 28.08.2016 FDBC/0676/16 44460 44460 77.3087 3,437,145 20,623 0802-57616 5,224 Bank Asia Ltd. 18lbs/1ply (sac)
3 03/TFI/16-17 04.09.2017 FDBC/0711/16 44720 44720 77.3087 3,457,245 20,743 0802-301316 5,244 Bank Asia Ltd. 16lbs/1ply(sac)
4 04/TR/16-17 08.09.2016 FDBC/151620/16 44700 44700 77.43 3,453,922 14,724 0802-0310616 9,319 Jamuna Bank Ltd. 28lbs/1ply(sac)
5 05/TFI/16-17 27.09.2016 FDBC/0771/16 44720 44720 77.3087 3,457,245 20,743 802317416 5,244 Bank Asia Ltd. 16lbs/1ply(sac)
6 06/TFI/16-17 09.10.2016 FDBC/0771/16 44460 44460 77.4084 3,441,577 20,649 802335616 5,229 Bank Asia Ltd. 18lbs/1ply (sac)
7 07/TR/16-17 24.10.2016 FDBC/0054/16 44700 44700 77.58 3,463,576 17,781 8020348616 10,597 Jamuna Bank Ltd. 28lbs/1ply(sac)
8 08/TFI/16-17 27.10.2016 FDBC/171820/16 44720 44720 77.5081 3,466,162 20,797 8020356316 5,224 Bank Asia Ltd. 16lbs/1ply(sac)
9 09/ECO/16-17 13.11.2016 GULFDBC0018552016 25200 25200 77.6 1,955,520 11,734 0802-0284116 2,531 NRBC Bank Ltd. 24lbs/1ply(sac)
10 10/TFI/16-17 16.11.2016 GULFDBC0018772016 44720 44720 78.2059 3,497,368 20,984 8020293616 5,255 Bank Asia Ltd. 16lbs/1ply(sac)
11 11/TR/16-17 27.11.2016 GULFDBC019132016 46200 46200 78.28 3,605,551 13,129 8020360016 8,537 Jamuna Bank Ltd. 28lbs/1ply(sac)
13 13/TFI/16-17 04.01.2017 GULFDBC020092016 44460 44460 78.3929 3,485,348 20,912 8020412216 5,243 Bank Asia Ltd. 18lbs/1ply (sac)
14 14/TR/16-17 12.01.2017 GULFDBC000592017 43120 43120 78.13 3,352,784 10,817 8020003217 7,708 Jamuna Bank Ltd. 28lbs/1ply(sac)
15 15/VICAR/16-128.01.2017 FDBC/010235/17 47100 47100 78.6 3,702,060 22,212 0802000223-17 5,167 Mercantile Bank Ltd. 28lbs/1ply(sac)
17 17/TFI/16-17 19.02.2017 GULFDBC003292017 44980 44980 77.3087 3,477,345 20,864 0802000390-17 5,264 Bank Asia Ltd. 16lbs/1ply(sac)
18 18/ECO/16-17 22.02.2017 GULFDBC0018552016 24300 24300 78.75 1,913,625 11,482 0802000427-17 2,489 NRBC Bank Ltd. 24lbs/1ply(sac)
21 21/TFI/16-17 03.04.2017 GULFDBC005842017 44980 44980 77.3087 3,477,345 20,864 0802000868-17 5,264 Bank Asia Ltd. 16lbs/1ply(sac)
23 24/TFI/16-17 17.05.2017 GULFDBC00831207 44720 44720 79.5406 3,557,056 21,342 0802001396-17 5,344 Bank Asia Ltd. 18lbs/1ply (sac)
24 25/Mili/16-17 15.05.2017 GULFDBC008042017 23750 23750 79.64 1,891,450 11,349 2,550 Bank Asia Ltd. 16lbs /2ply(hes)
26 27/TR/16-17 29.06.2017 45225 45225 79.78 3,608,051 12 lbs/1 ply hes
Total 84,500,134 458,546 Subtotal 136,626
TDS on Export of yarn 458,546 Bank wise 79,733
TDS on cash incentive (certificate) 148,857 Total 216,359
TDS on Car 20,000
627,403

(Final) Financial Statement For Tax Return (03.03.2018)

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(Final) Financial Statement For Tax Return (03.03.2018)

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Ratanpur Jute Spinners Limited

Rupayan Golden Age (7th Floor),

Ratanpur Jute Spinners Limited

Ratanpur Jute Spinners Limited

Notes Amounts in BDT

These financial statements should be read in conjunction with annexed notes.

Director Managing Director

Signed in terms of our separate report of even annexed

Date: Dhaka Mohammad Ata Karim & Co.

Ratanpur Jute Spinners Limited

Notes Amounts in BDT

These financial statements should be read in conjunction with annexed notes.

Director Managing Director

Signed in terms of our separate report of even annexed

Date: Dhaka Mohammad Ata Karim & Co.

Ratanpur Jute Spinners Limited

BDT BDT BDT

Balance as at 01 July 2016 10,000,000 8,546,966 18,546,966

Balance as at 01 July 2015 10,000,000 4,844,716 14,844,716

Director Managing Director

Date: Dhaka Mohammad Ata Karim & Co.

Ratanpur Jute Spinners Limited

C. Net cash flows from Financing activities - -

Director Managing Director

Date: Dhaka Mohammad Ata Karim & Co.

Notes to the Financial Statements

1.2. Nature of business

2.2 Functional and presentation currency

(i) Statement of Financial Position at 30 June 2017

Notes to the Financial Statements

3.2 Goning concern

3.3 Application of Bangladesh Financial Reporting Standards (BFRS)

Notes to the Financial Statements

3.7 Accounting policies, changes in accounting estimates and error

3.7 (a) Accounting policies

3.7 (b) Accounting estimates

3.7 (c) Prior period error

3.8 Events after the reporting period

3.9 Tax provision

3.10. Property, plant and equipment

3.10.(C) Depreciation policy

Particulars Rate Method

3.10.(d) Major maintenance activities

3.10.(e) Capital work in progress

Notes to the Financial Statements

3.14 Accounts and other receivables

3.15 Advance, deposit and prepayments

3.16 Cash and cash equivalents

3.18 Accounts and other payables

3.19 Provision & contingencies

BDT BDT BDT BDT BDT BDT BDT

Land and land development 2,896,128 1,884,298 - 4,780,426 - - - -

6 Trade and other receivables

8 Advances, deposits and pre-payments

9 Cash and cash equivelants

14 Trade & other payable

15 Revenue as per export Statement

16.1. Raw jute consumed

16.2. Manufacturing expenses

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