Nisad Md.

Nazmul Hossain 09-14123-2(AIUB)

Bangladesh Lamps Limited Liquidity Ratio: Current Ratio = Current Assets/ Current Liabilities For 2010, Current Ratio is = 579397159/324269196 = 1.78 / 1.8:1 For 2009, Current Ratio was = 501760314/265583582 = 1.88 / 1.9:1 Quick /Acid Ratio = Current Assets less Inventory/ Current Liabilities For 2010, Quick Ratio is = 579397159-128611091/324269196 = 1.4 For 2009, Quick Ratio was = 501760314-127990769/265583582 = 1.4 Gearing/Debt to Equity Ratio: Debt to Equity Ratio = Total Debt / Total Equity For 2010, Debt to Equity Ratio is = 404816479/1120738844 = 0.3612 For 2009, Debt to Equity Ratio was = 343491784/732932874 = 0.4686

Total Debt to Total Asset = Total Debt / Total Asset For 2010, Total Debt to Total Asset is = 404816479/1525555323 = 0.2653 For 2009, Total Debt to Total Asset was = 343491784/1076424658 = 0.31910 Debt Equity Ratio = long Term Debt / Stockholder Equity For 2010, Debt Equity Ratio is = 80547283/1120738844 = 0.07186 For 2009, Debt Equity Ratio was =77908202/732932874 = 0.1062

Efficiency Ratio: Total Asset Turnover = Sales / Total Assets For 2010, Total Asset Turnover is = 622571342/1525555323 = 0.4080 For 2009, Total Asset Turnover was = 615330715/1076424658 = 0.5716 Fixed Asset Turnover = Sales / Net Fixed Assets For 2010, Fixed Asset Turnover is = 622571342/946158164 =0.6579

For 2009, Fixed Asset Turnover was = 615330715/574664344 = 1.0707 Profitability Ratio: Return on equity (ROE) =Net income/ Shareholders equity For 2010, Return on equity (ROE) is =61749642/1120738844 =0.05509 For 2009, Return on equity (ROE) was =58508890/732932874 =0.07982 Return on Assets (ROA) = Net income /Total Assets For 2010, Return on Assets (ROA) is=61749642/1525555323 =0.0404 For 2009, Return on Assets (ROA) was= 58508890/1076424658 =0.054354

During the year under review, the net sale of the company was tk 622.57 million as compared to tk 615.33 million in 2009. The net profit after tax for the year 2010 was tk 61.75 million. The growth in profitability has been due to more efficient supply chain management. Some of the performance highlights for the year are as follows: Increase in shareholders equity Increase in net current assets Increase in net profit after tax 52.91% 8.02% 5.54%

In view of growing business opportunities in the lighting sector, the Board of Directors at its meeting

Audit Committee The Audit Committee comprises of three Directors. The committee is headed by the independent Director , Mr.Ahmed Shafi Choudury. The objective of Audit Committee is to ensure and improve the proper and adequate internal control to facilitate the smooth functioning of the Companys operations and assist the Board in discharging its responsibilities. The Audit committee also reviews the interim and annual financial statements before submission to the Board.

Bangladesh Lamps Ltd. announced unedited earnings results for third quarter and nine months ended September 30, 2010. For the quarter, the company reported profit after tax of BDT 7.33 million with earnings per share (EPS) of BDT 10.17 against BDT 8.94 million and BDT 12.40 respectively for the same period of the previous year. Profit after tax was BDT 30.48 million with EPS of BDT 42.29 for the period of nine months to September 30 against BDT 26.97 million and BDT 37.42 respectively for the same ayear-ago period.

Bangladesh Lamps Ltd. has declared 35% cash dividend for 2009. The official licensee of Philips Electronics NV Holland (for lighting products) in Bangladesh made the declaration at its 49th annual general meeting at Emmanuelle's Banquet Hall in Gulshan, Dhaka.