Date post: | 05-Apr-2018 |
Category: |
Documents |
Upload: | papiya-khan |
View: | 231 times |
Download: | 0 times |
of 33
7/31/2019 Apcl (My) Accts 2010
1/33
Particulars 2,010 2,009 Particulars 2010 2009
Opening stock 518,230 516,129
Add.Raw Materials Purchase 17,980,025 9,562,609 Cost of Production 23,201,520 15,747,578
18,498,255 10,078,738
Less. VAT ( Rebate) on Purchase 1,368,514 447,698
Raw Materials available use 17,129,741 9,631,040
Less. Closing stock of Raw Materials 1,585,561 518,230
Raw Materials Consumed 15,544,180 9,112,810
Wages (Local Worker) 790,250 610,605
Foreign Technician Wages - 304,900
Machinery Lease Rent 576,960 432,720
Direct Expenses : 4,027,194 2,941,750
Electric Bill 2,924,957 2,215,585
Gas Bill 1,352,548 905,144
Diesel for Generator 220,000 213,550
4,497,505 3,334,279
Less: Electric Light Bill for office use 292,496 221,559
4,205,009 3,112,720
Less. Rebate on Electric & Gas Bill 177,815 170,970
Indirect Expenses : 2,262,936 2,344,793
Salary for Factory Staff 798,100 782,000
Repairs & Maintenance 47,861 94,991
Freight, Coolie & Cartage 39,520 35,162
Carriage Inward 61,960 156,823
Oil & Lubricant 49,750 61,697
Packing Expenses 124,370 75,356
Depreciation 1,141,375 1,138,764
TOTAL COST OF PRODUCTION 23,201,520 15,747,578 23,201,520 15,747,578
Opening stock of Finished Goods 210,480 164,082 Sales 28,862,779 19,532,535
Add. Cost of Production 23,201,520 15,747,578
Goods available for sales 23,412,000 15,911,660 Value Added Tax 4,329,415 2,929,880
Less. Closing stock of Finished Goods 293,560 210,480
Cost of Goods Sold 23,118,440 15,701,180
Value Added Tax 4,329,415 2,929,880 19.62%
Gross Profit (Transfer to P/L Account) 5,744,339 3,831,355 19.90
Total Taka 33,192,194 22,462,415 33,192,194 22,462,415
APEX POLYMER CORPORATION LTD.Manufacturing & Trading Account
For the year ended December 32,2010
7/31/2019 Apcl (My) Accts 2010
2/33
-
7/31/2019 Apcl (My) Accts 2010
3/33
##########
80.39
7/31/2019 Apcl (My) Accts 2010
4/33
Particulars 2010 2009 Particulars 2010 2009
Director Remuneration 420,000 360,000
Salaries & Allowance 1,048,800 961,000ross ro t rans er
5,744,339 3,831,355
Printing 20,325 45,183
Stationery 11,420 10,460
Travelling & Conveyance 45,780 38,977
Entertainment 14,930 12,774et oss rans. o
2,185,712 342,359
Postage 13,850 11,790
R/M of Building 5,420 30,810
Electric Light Bill 292,496 221,559
Telephone Bill 22,062 21,093
WASA Bill 12,935 12,458
Land Revenue 5,879 5,879
Municipal Tax 8,424 8,424
Insurance Premium 313,270 196,029
Forms, Fees, Renewal & Reg. 114,810 83,009
Foreign Tours Expenses 45,620 109,540
Audit Fees 5,000 5,000Bank Charge 17,535 3,083
Bank Interest 2,758,968 1,276,509
Application Fee's for Lease 25,000 10,000
IDLC Loan Interest 1,808,292
Car Lease Rent 777,120 518,080
Courier 11,520 53,720
Signboard Making Charge 12,000 16,000
Medical & Welfare 13,475 12,558
Miscellaneous Expenses 14,290 13,489
Carriage Outward 23,840 96,110
Sample Expenses 4,500 9,925
Depreciation 62,490 30,255
Total Taka 7,930,051 4,173,714 7,930,051 4,173,714
-
Profit & Loss Account
For the year ended December 31, 2010
APEX POLYMER CORPORATION LTD.
7/31/2019 Apcl (My) Accts 2010
5/33
Particulars 2010 2009 Particulars 2010 2009
Balance As per Last Account 1,112,280 1,028,758 Intangible Income 258,837
Net Loss During the year 2,185,712 342,359Balance Transfer to
Balance Sheet3,442,306 1,112,280
Provision For Income Tax 144,314
Total Taka 3,442,306 1,371,117 3,442,306 1,371,117
For the year ended December 31, 2010
APEX POLYMER CORPORATION LTD.
Profit & Loss Appropriation Account
7/31/2019 Apcl (My) Accts 2010
6/33
Particulars 2010 2009 Particulars 2010 2009
AUTHORISED CAPITAL : Fixed Assets (as per Sch.) 49,345,771.00 10,988,178.00
5,00,000 Ordinary share of Tk. 100 each 50,000,000.00 50,000,000.00
Preliminary & Pre-operative Expenses 42,000.00 42,000.00
ISSUED, SUBSCRIBED & PAID-UP CAPITAL
Deffered Revenue Expenditure 611,688.00 611,688.00
21,000 Ordinary share of Tk. 100 each 2,100,000.00 2,100,000.00
Allotment 29,000 Ordinary share of Tk. 100 each 2,900,000.00 Current Assets : 11,852,201.00 6,645,290.00
Bank Loan 39,770,000.00 14,840,000.00 Closing stock 1,879,121.00 728,710.00
IDLC Loan 19,887,952.00 Stock in Transit ( Machinery) - 44,372.00
Current Liabilities : 500,000.00 2,459,436.00 Advancd, Deposit & Prepayment 4,651,691.00 207,101.00
For Expenses 500,000.00 459,436.00 VAT Receivable Account 23,751.00 61,838.00
Creditors for goods Supply 2,000,000.00 Cash at Bank 35,229.00 176,830.00
Loan to Active Distribution Ltd. 4,800,000.00
Cash in Hand 5,262,409.00 626,439.00
Profit & Loss Appropriation Account 3,442,306.00 1,112,280.00
-
Total Taka 65,157,952.00 19,399,436.00 65,293,966.00 19,399,436.00
- (136,014.00)
As at 31st December, 2010
APEX POLYMER CORPORATION LTD.
Balance Sheet
7/31/2019 Apcl (My) Accts 2010
7/33
Balance as Addition Balance as Balance as Charge Balance as
on 01/01/09 During the year on 31/12/09 on 01/01/09 During the year on 31/12/09
Land & Land Development 2,157,563 - 2,157,563 - - - -
Factory Building - 1,753,268 1,753,268 0 - 175,327 175,327
Plant & Machinery 3,573,499 611,800 4,185,299 0 908,496 491,520 1,400,016
Furniture & Fixture 22,310 60,800 83,110 0 7,672 7,544 15,216
Office Equipment 13,200 62,000 75,200 0 4,539 7,066 11,605
Computer - 104,300 104,300 0 - 15,645 15,645
Electric Installation 19,365 886,295 905,660 0 9,257 89,640 98,897
Tools & Equipment 4,125 125,225 129,350 0 1,972 12,738 14,710
Air Compressor 772,220 - 772,220 0 77,222 69,500 146,722
Spare Parts of Machinery - 175,565 175,565 0 - 17,557 17,557
Diesel Generator 3,138,689 - 3,138,689 0 313,869 282,482 596,351
TOTAL TAKA 9,700,971 3,779,253 13,480,224 1,323,027 1,169,019 2,492,046
Allocation of DepreciationManufacturing Account 1,121,207.15
Profit & Loss Account 30,254.90
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
Particulars
CostDep.
Rate
Depreciation
Details of Fixed Assets as at December 31, 2009
7/31/2019 Apcl (My) Accts 2010
8/33
1,151,462.05
Balance as Addition Total as Balance as Charge Total as
on 01/01/09 During the year on 31/12/09 on 01/01/09 During the year on 31/12/09
Land & Land Development 2,157,563 - 2,157,563 0% - - -
Factory Building - 1,753,268 1,753,268 10% - 175,327 175,327
Plant & Machinery 3,573,499 611,800 4,185,299 15% 908,496 491,520 1,400,016
Furniture & Fixture 22,310 60,800 83,110 10% 7,672 7,544 15,216
Office Equipment 13,200 62,000 75,200 10% 4,539 7,066 11,605
Computer - 104,300 104,300 15% - 15,645 15,645
Electric Installation 19,365 886,295 905,660 10% 9,257 89,640 98,897
Tools & Equipment 4,125 125,225 129,350 10% 1,972 12,738 14,710
Air Compressor 772,220 - 772,220 10% 77,222 69,500 146,722
Spare Parts of Machinery - 175,565 175,565 10% - 17,557 17,557
Diesel Generator 3,138,689 - 3,138,689 10% 313,869 282,482 596,351
Tk. 9,700,971 3,779,253 13,480,224 1,323,027 1,169,019 2,492,046
Allocation of Depreciation
Manufacturing Account 1,138,764
Profit & Loss Account 30,255
Tk. 1,169,019
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
Details of Fixed Assets as at December 31, 2009
Particulars
Annexu
Cost Dep.
Rate
Depreciation
7/31/2019 Apcl (My) Accts 2010
9/33
Balance as Addition Total as Balance as Charge Total as
on 01/01/09 During the year on 31/12/09 on 01/01/09 During the year on 31/12/09
Land & Land Development 2,157,563 2,157,563 0% - - -
Factory Building 1,753,268 1,753,268 10% 175,327 157,794 333,121
Plant & Machinery 4,185,299 8,695,166 12,880,465 10% 1,400,016 1,148,045 2,548,061
Furniture & Fixture 83,110 50,000 133,110 10% 15,216 11,789 27,005
Office Equipment 75,200 150,000 225,200 10% 11,605 21,360 32,965
Computer 104,300 104,300 10% 15,645 8,866 24,511
Electric Installation 905,660 350,000 1,255,660 10% 98,897 115,676 214,573
Tools & Equipment 129,350 120,000 249,350 10% 14,710 23,464 38,174
Air Compressor 772,220 1,201,384 1,973,604 10% 146,722 182,688 329,410
Spare Parts of Machinery 175,565 200,000 375,565 10% 17,557 35,801 53,358
Diesel Generator 3,138,689 3,138,689 10% 596,351 254,234 850,585
Tk. 13,480,224 10,766,550 24,246,774 2,492,046 1,959,717 4,451,763
Allocation of Depreciation %
Manufacturing Account 1,917,702 1,567,773
Profit & Loss Account 42,014 391,943
Tk. 1,959,717 1,959,717
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.Annexu
Details of Fixed Assets as at December 31, 2010
ParticularsCost Dep.
Rate
Depreciation
7/31/2019 Apcl (My) Accts 2010
10/33
1,753,268.00 350,653.60
2,547,074.00 509,414.80
13,180.00 1,318.00
5,857.00 878.55
90,500.00 13,575.00
894,887.00 134,233.05
127,055.00 19,058.25
656,387.00 98,458.05
2,824,820.00 282,482.00
8,913,028.00 1,410,071.30
As Per Asst. Copy
7/31/2019 Apcl (My) Accts 2010
11/33
Balance as Addition Total as Balance as Charge Total as
on 01/01/10 During the year on 31/12/10 on 01/01/10 During the year on 31/12/10
Land & Land Development 2,157,563 2,157,563 0% - - -
Factory Building 1,753,268 1,573,587 3,326,855 10% 175,327 157,794 333,121
Plant & Machinery 4,185,299 36,353,421 40,538,720 15% 1,400,016 417,792 1,817,808
Furniture & Fixture 83,110 51,745 134,855 10% 15,216 6,789 22,005
Office Equipment 75,200 353,015 428,215 10% 11,605 6,360 17,965
Computer 104,300 104,300 10% 15,645 8,866 24,511
Electric Installation 905,660 400,772 1,306,432 10% 98,897 80,676 179,573
Tools & Equipment 129,350 342,328 471,678 10% 14,710 11,464 26,174
Air Compressor 772,220 1,201,384 1,973,604 10% 146,722 62,550 209,272
Spare Parts of Machinery 175,565 785,206 960,771 15% 17,557 23,701 41,258
Diesel Generator 3,138,689 3,138,689 15% 596,351 381,351 977,702
Tk. 13,480,224 41,061,458 54,541,682 2,492,046 1,157,343 3,649,389
Allocation of Depreciation
Manufacturing Account 1,135,329
Profit & Loss Account 22,014
Tk. 1,157,343
Note: No Depreciation has been charged on Fixed Assets addition during the year as per Management desition.
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.Annexu
Details of Fixed Assets as at December 31, 2010
Particulars
CostDep.
Rate
Depreciation W
7/31/2019 Apcl (My) Accts 2010
12/33
$25,000 B/E. No.- C-3022
1
Sl. No. Taka
1 Insurance 11,910.00
2 L/C Margin 100% 1,741,250.00
3 Bank Charge 11,504.00
4 Duty, VAT, etc. 83,159.00
5 Transport 27,000.00
1,874,823.00
$ 1,73,340 B/E. No.- C-17409
2
Sl. No. Taka
1 Insurance 77,301.00
2 L/C Margin 100% 12,073,131.00
3 Bank Charge 60,908.00
4 Duty, VAT, etc. 487,386.00
5 Transport 36,400.00
12,735,126.00
Particulars
APEX POLYMER CORPORATION LTD.L/C Costing For the year ended December 31, 2010
APEX POLYMER CORPORATION LTD.L/C Costing For the year ended December 31, 2010
L/C. No. 2961-09--01-0570
Item: Inter Mixing Machine
Particulars
L/C. No. 2961-09--01-0561
Item: Tube Splicer Machine
7/31/2019 Apcl (My) Accts 2010
13/33
$30,000 B/E. No.- C-12632
3
Sl. No. Taka
1 Insurance 27,310.00
2 L/C Margin 100% 2,089,500.00
3 Bank Charge 14,041.00
4 Duty, VAT, etc. 86,000.00
5 Transport 25,000.00
2,241,851.00
$43,858 B/E. No.- C-96339
4
Sl. No. Taka
1 Insurance 19,616.00
2 L/C Margin 100% 3,059,205.00
3 Bank Charge 18,852.00
4 Duty, VAT, etc. 129,452.00
5 Transport 13,600.00
APEX POLYMER CORPORATION LTD.L/C Costing For the year ended December 31, 2010
L/C. No. 2961-09--01-0555
Item: Tube Curing Press, Tube Building Machine & Sand Bluster
Particulars
APEX POLYMER CORPORATION LTD.L/C Costing For the year ended December 31, 2010
L/C. No. 0888-10-01-0190
Item: 2 (Two) Set Tube Curing Press
Particulars
7/31/2019 Apcl (My) Accts 2010
14/33
7/31/2019 Apcl (My) Accts 2010
15/33
4 Duty, VAT, etc. 127,460.00
5 Transport 14,300.00
2,518,441.00
Sl. No. Taka
1 Inter Mixing Machine 1,874,823.00
2 Tube Splicer Machine 12,735,126.00
3 Tube Curing Press, Tube Building Machine & Sand Bluster 2,241,851.00
4 2 (Two) Set Tube Curing Press 3,240,725.00
5 4 (Four) Set Tube Curing Press 5,047,289.00
6 Fulton Boiler 2,518,441.00
27,658,255.00
Particulars
For the year ended December 31, 2010
APEX POLYMER CORPORATION LTD.Summary of Addition By L/C Machine
7/31/2019 Apcl (My) Accts 2010
16/33
1,741,250.00
12,073,131.00
Lease No. 01010904704-01
Lease No. 01010904704-02
7/31/2019 Apcl (My) Accts 2010
17/33
2,089,500.00
3,059,205.15
Lease No. 0101100334401
Lease No. 01010904704-03
7/31/2019 Apcl (My) Accts 2010
18/33
4,788,044.00
2,346,382.50
Lease No. 01011005567-02
Lease No. 01011005567-01
7/31/2019 Apcl (My) Accts 2010
19/33
27,658,255.00
7/31/2019 Apcl (My) Accts 2010
20/33
01. Significant of Accounting Policies
a) Background
b) Nature of Business
c) General
02. Issued, Subscribed and Paid -up Capital
Nos. of Share Amount in Tk.
Mr. Moazzem Husain 49,500 4,950,000
Mrs. Shahnaz-Ara Sayeed 500 50,000
50,000 5,000,000
03.
39,770,000
IDLC 19,487,952
Tk. 59,257,952
04.
1,585,561
293,560
Tk. 1,879,121
05.
94,261
Installment Deposit (Agr. No. 0101090470401) 65,860
Installment Deposit (Agr. No. 0101090470402) 457,630
Installment Deposit (Agr. No. 0101090470403) 73,420
Installment Deposit (Agr. No. 0101100334401) 104,420Installment Deposit (Agr. No. 0101100556701) 162,170
Installment Deposit (Agr. No. 0101100556702) 81,090
Tk. 1,038,851
Islami Bank Bangladesh Ltd.
Deposits with Titas Gas T & D Co. Ltd.
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
Raw Materials
in Bangadesh under the Company Act. 1994 vide Registration No. C-34751(1497)/98 dt.-26/01/1998.
The main objects of the Company is to manufacture, buy, sell, export, import and deal tyre, tube and
allied articles in boots and shoes, plastic sheet, foam & foam sheets, rubber & other rubber products
APEX POLYMER CORPORATION LTD.
Notes to the Accounts for the year ended December 31, 2010
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
APEX POLYMER CORPORATION LTD. is a Private Limited Company has been Incorporated
and all other allied plastic and rubber products as well as to establish mills, dactories, tannery,workshop,
Advances, Deposits .& Pre- Payments
Finished Goods
power house, equipment with machineries for tuening out, producing of manufacturing lather goods,
softwear, fabrics and other fabrics materials.
The figures have been rounded off to the nearest taka.
Name of the Shareholders
SHORT TERM LOAN
Closing Stocks
7/31/2019 Apcl (My) Accts 2010
21/33
07. Cash & Bank Balances
4,939,087
Islami Bank Bangladesh Ltd. 6,513
State Bank of India, Dhaka. 28,776
35,289
Tk. 4,974,376
08.
Electricity Bill- For the month of December-2010 402,012
Gas Bill- For the month of December-2010 149,917
Salaries & Allowance- For the month of December-2010 79,800
Telephone Bill- For the month of December -2010 1,913
WASA Bill For the month October, November & December-2010 3,339
Audit Fees-For the year 2010 5,000
Managing Director's Remuneration For the Month of June to December 2010 140,000Tk. 781,981
09. Cost of Goods Sold
Raw Material Consumed (Notes-10.1) 15,544,180
Conversion Cost (Notes-10.2) 7,651,144
Cost of Goods Production 23,195,324
Add : Opening Stock of Finished Goods 210,480
Goods Available for Sale 23,405,804
Less : Closing Stock of Finished Goods 293,560
Tk. 23,112,244
09.1. Raw Material Consume
Opening stock of Raw Materials 518,230
Add : Purchase of Raw Materials 17,980,025
Goods Available for Use 18,498,255
Less. Rebate on Purchase of Raw Materials 1,368,514
17,129,741
Less : Closing Stock of Raw Materials 1,585,561
Tk. 15,544,180
09.2. Conversion Cost
Direct Labor & Wages 790,250
Machinery Lease Rent 576,960
Electricity Bill 2,924,957
Gas Bill 1,352,5484,277,505
Less. Rebate on Electricity & Gas Bill 177,815
4,099,690
Less: Electricity Bill for Office use 292,496
3,807,194
Diesel for Generator 219,850
Manufacturing Overhead (Notes-10.3) 2,256,890
Tk. 7,651,144
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
Cash in Hand
Cash at Bank
For Expeses
7/31/2019 Apcl (My) Accts 2010
22/33
09.3. Manufacturing Overhead
Factory Staff Salary 798,100
Repairs & Maintenance of Machinery 47,861
Freight, Coolie & Cartage 39,520
Carriage Inward 61,960
Oil & Lubricant 49,750Packing Expenses 124,370
Depreciation (Annexure-A) 1,135,329
Tk. 2,256,890
10. Administrative & Selling Expenses
Director Remuneration 420,000
Salaries & Allowance 1,048,800
Printing Charge 20,325
Stationery 11,420
Travelling & Conveyance 45,780
Entertainment 14,930
Postage 13,850
R/M of Building 5,420
Electric Light Bill 292,496
Telephone Bill 22,062
WASA Bill 12,935
Land Revenue 5,879
Municipal Tax 8,424
Insurance Premium 313,270
Forms, Fees, Renewal & Reg. 114,810
Foreign Tours Expenses 45,620
Audit Fee 5,000
Courier Service Charge 11,520
Signboard Making Charge 12,000Medical & Welfare 13,475
Miscellaneous Expenses 14,290
Carriage Outward 23,840
Sample Expenses 4,500Tk. 2,480,646
11. Financial Expenses
Bank Charge 144,562
Interest on Bank Loan (IBBL) 1,940,000
Interest on Bank Loan (SIBL) 818,968
Application Fee's for Lease 20,000IDLC Loan Interest 1,808,292
Car Lease Rent 777,120
Tk. 5,508,942
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.APEX POLYMER CORPORATION LTD.
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
7/31/2019 Apcl (My) Accts 2010
23/33
Sl. No. L.Ag. No. Date App. Fee Deposit IDCP Charge
1 4704-01 11/1/2010 5,000.00 65,860.00
2 4704-02 2/2/2010 5,000.00 ######### 53,587.00 15/2/2010
3 4704-03 21/03/2010 73,420.00 73,420.00 21/03/2010
4 334401 15/07/2010 5,000.00 #########
5 5567-01 23/11/2010 5,000.00 #########6 5567-02 27/12/2010 81,090.00
20,000.00 ######### 127,007.00
7/31/2019 Apcl (My) Accts 2010
24/33
7/31/2019 Apcl (My) Accts 2010
25/33
########
62,490
########
7/31/2019 Apcl (My) Accts 2010
26/33
TurnoverSales include VAT 33,192,196
Less : VAT on Sales 4,329,417 28,862,779
Less : Cost of Goods Sold (Notes - 9) 23,112,244
Gross Profit 5,750,535
Less : Other Overhead
Administrative & Selling Expenses (Notes-10) 2,480,646
Financial Expenses (Notes-11) 5,508,942
Depreciation (Annexure-A) 22,014
8,011,602
Net Loss Before Tax for the year (2,261,067)
Add : Provision for Turnover Tax 144,314
Net Loss After Tax for the year (2,405,381)
Add : Balance brought forward from previous year (1,112,280)
Accumulated Loss Transferred to Balance Sheet Tk. (3,517,661)
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
APEX POLYMER CORPORATION LTD.
for the year ended December 31, 2010
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
CHAIRPERSON MANAGING DIRETOR
Manufacturing, Trading and Profit & Loss Account
7/31/2019 Apcl (My) Accts 2010
27/33
SOURCES OF FUNDS Notes
SHAREHOLDERS' FUNDS
Authorised Capital
500,000 Ordinary Share of Tk. 100 each 50,000,000
Issued, Subscribed and Paid -up Capital
50,000 Ordinary Share of Tk. 100 each fully paid in cash 02 5,000,000
SHORT TERM LOAN 03 59,257,952
Tk. 64,257,952
APPLICATION OF FUNDS
FIXED ASSETS (W.D.V.)- As per Annexure-A 50,892,293
Current Assets
Closing Stocks 04 1,879,121
Sundry Debtors 2,204,506
Advances, Deposits & Pre-payments 05 1,038,851
VAT Receivable Account 06 23,751
Cash & Bank Balances 07 4,974,376
10,120,605
Less : Current Liabilities
Provision for Turnover Tax 144,314
For Expenses 08 781,981
926,295
NET CURRENT ASSETS 9,194,310
PRELIMINARY & PRE-OPERATIVE EXPENSES 42,000
DEFERRED REVENUE EXPENSES 611,688
PROFIT & LOSS ACCOUNT 3,517,661
Tk. 64,257,952
CHAIRPERSON
73, Kakrail, Dhaka.
Date:- 21-08-2010
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
CHARTERED ACCOUNTANTS
AHSAN RASHID & CO.
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
BALANCE SHEET AS AT DECEMBER 31, 2010
MANAGING DIRETOR
Signed in terms of our separate report of even date
7/31/2019 Apcl (My) Accts 2010
28/33
0.50
7/31/2019 Apcl (My) Accts 2010
29/33
06.
Sl. Month Rebate on Rebate on TR Challan Total VATNo. Purchase Elec. & Gas Bill Deposit on Sales
1 January 66,789 17,086 250,000 333,875 313,564
2 February 11,368 18,769 230,000 260,136 329,951
3 March 101,202 17,634 240,000 358,835 326,248
4 April 45,521 19,128 250,000 314,648 327,480
5 May 124,670 17,362 230,000 372,032 333,024
6 June 65,793 19,952 220,000 305,745 320,176
7 July 74,577 23,341 200,000 297,918 341,078
8 August 87,763 21,500 250,000 359,263 349,858
9 September 41,387 23,044 200,000 264,431 267,466
10 October 583,015 245,000 828,015 514,079
11 November 63,886 200,000 263,886 431,676
12 December 102,545 230,000 332,545 474,817
1,368,514 177,815 2,745,000 4,291,330 4,329,417
Openin Balance 61,839
Add: Rebate on Purchase 1,368,514Rebate on Electric & Gas Bill 177,815
Cash Deposit on TR Challan 2,745,000
4,291,330
4,353,168
Less: VAT on Sales 4,329,417
Tk. 23,751
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
Summary of VAT Account
VAT Receivable Account
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
VAT Receivable Account
Tk.
7/31/2019 Apcl (My) Accts 2010
30/33
###########
7/31/2019 Apcl (My) Accts 2010
31/33
Sl. No. Name of Raw Materials Qty. Rate Value
1 Synthetic Rubber 539.749 133.000 71,786.62
2 Raw Rubber 517.573 91.000 47,099.14
3 Re-claim Rubber 139.856 12.000 1,678.27
4 Carbon Black 754.577 68.160 51,431.97
5 Chemicals (TDQ) 177.026 171.060 30,282.07
6 Sulpher 261.099 71.200 18,590.25
7 Pinter Oil 1,600.553 54.082 86,561.34
8 Zinc Oxide 127.595 112.180 14,313.61
9 Crumb 834.164 6.750 5,630.61
10 Nozel 8" 105.848 400.000 42,339.20
11 Nozel 10"12"13" 142.467 350.000 49,863.45
12 Nozel 14"15"16" 50.070 297.700 14,905.84
13 Nozel 20" 89.140 315.620 28,134.37
14 Chemicals(DDS) 16.358 184.180 3,012.82
15 Tyre Cutting 21,040.308 2.500 52,600.77
26,396.383 518,230.32
S.L. Name of Finished Goods Qty. Rate Value
1 Baby Taxi Tube (8") 112 39.50 4,424.00
2 Baby Taxi Tube (10",12",13") 4 80.00 320.00
3 Auto Mobile Tube (14",15",16") 2 166.00 332.00
4 Re-Claim Rubber 15,915 11.60 184,614.00
5 Crumb Rubber 3,150 6.60 20,790.00
112.000 210,480.00
Finished Goods : 01/01/2010
APEX POLYMER CORPORATION LTD.Schedule of Opening Stock
For the Year 2010
Raw Metarial : 01/01/2010
TOTAL
TOTAL
7/31/2019 Apcl (My) Accts 2010
32/33
Sl. No. Name of Raw Materials Qty. Rate Value
1 Synthetic Rubber 866.823 195.460 169,429
2 Raw Rubber 3,497.864 245.000 856,977
3 Re-claim Rubber 838.971 13.000 10,907
4 Carbon Black 924.896 76.470 70,727
5 Chemicals (TDQ) 399.940 371.670 148,646
6 Sulpher 129.430 23.100 2,990
7 Pinter Oil 176.426 66.000 11,644
8 Zinc Oxide 142.556 155.010 22,098
9 Crumb 1,290.204 7.500 9,677
10 Nozel 8" 260.403 433.330 112,840
11 Nozel 10"12"13" 231.332 366.670 84,823
12 Nozel 14"15"16" 187.145 307.690 57,583
13 Nozel 20" 42.900 331.260 14,211
14 Tyre Cutting 3,717.408 3.500 13,011
12,706.298 1,585,561
S.L. Name of Finished Goods Qty. Rate Value
1 Baby Taxi Tube (8") 680 53.00 36,040
2 Baby Taxi Tube (10",12",13") 496 111.00 55,056
3 Auto Mobile Tube (14",15",16") 86 227.00 19,522
4 Auto Mobile Tube (20") 30 551.00 16,530
5 Curing Bag (20") 20 798.00 15,960
6 Re-Claim Rubber 9,265 12.60 116,739
7 Crumb Rubber 4,650 7.25 33,713
293,560
1,879,120.17
Finished Goods: 31/12/2010
TOTAL
GRAND TOTAL =
APEX POLYMER CORPORATION LTD.Schedule of Closing Stock
For the Year Ended December 31, 2010
Raw Materials: 31/12/2010
TOTAL
7/31/2019 Apcl (My) Accts 2010
33/33
Turnover
Sales include VAT 22,462,415
Less : VAT (2,929,880)
19,532,535
Less : Cost of Goods Sold (Notes - 10) 23,112,244
Gross Profit (3,579,709)
Less : Other Overhead
Director Remuneration 360,000
Salaries & Allowance 961,000
Printing & Stationery 55,183
Travelling & Conveyance 38,977
Entertainment 12,774
Postage 11,790
R/M of Building 30,810Electric Light Bill 221,559
Telephone Bill 21,093
Wasa Bill 12,458
Land Revenue 5,879
Municipal Tax 8,424
Insurance Premium 196,029
Forms, Fees, Renewal & Registration 83,009
Audit Fees 5,000
Bank Charge 3,083
Bank Interest 1,276,509
Application Fee's for Lease 10,000
Lease Rent for Vehicles 518,080
Courier 53,720
Signboard Making Charge 16,000
Medical & Welfare 12,558
Miscellaneous Expenses 13,489
Carriage Outward 96,110
Sample Expenses 9,925
Depreciation (Annexure-A) 30,255
4,063,714
Net Loss for the year (7,643,423)
Add : Balance brought forward from previous year (1,028,758)
(8,672,181)Less: Intangible Income (Notes - 11) 258,837
Accumulated Loss Transferred to Balance Sheet Taka (8,413,344)
APEX POLYMER CORPORATION LTD.
39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
Manufacturing, Trading And Profit & Loss Account for the year ended December 31, 2009.