Prospectus of Simtex Industries Limited

If you have any query about this document, you may consult issuer, issue manager and underwriter
PROSPECTUS
SIMTEX INDUSTRIES LIMITED
Registered Office: Khagan, Birulia, Savar, Dhaka-1341.
Phone: +88-02-58957103-4, +88-02-7914035; Fax: +88-02-8932237
www.simtexgroup.com
Public Issue of 30,000,000 Ordinary Shares of Tk. 10.00 each at an Issue Price of Tk. 20.00 each including a premium
of Tk. 10.00 per Share amounting to Tk. 600,000,000.00
Subscription opening and closing date:
Opening Date for Subscription: August 24, 2015
Closing Date for Subscription (Cut-off date): September 01, 2015
Date of Issuance of Prospectus: July 28, 2015
Date of Publication of Abridged Version of Prospectus: July 29, 2015
The issue shall be placed in N category
CREDIT RATING STATUS
Long Term
A
Short Term
Entity Rating
ST-3
Date of Rating
March 31, 2015
Validity of Rating
March 30, 2016
RATING ASSIGNED BY: Credit Rating Information and Services Limited (CRISL)
UNDERWRITERS:
Eastern Bank Limited BMSL Investment Limited
Jiban Bima Bhaban (2nd Floor)
10 Dilkusha C/A Dhaka-1000.
Sadharan Bima Tower (7th Floor),

37/A Motijheel C/A, Dhaka-1000.
AIBL Capital Management Limited Swadesh Investment Management Limited

Peoples Insurance Bhaban (7th Floor),
36 Dilkusha C/A, Dhaka-1000.
Suite 01, Level 11, Unique Trade Center,

8 Panthapath, Karwan Bazar, Dhaka-1215.
NBL Capital and Equity Management Limited

Printers Building (8th Floor),
5 Rajuk Avenue, Dhaka-1000.
ISSUE MANAGERS
AFC CAPITAL LIMITED
Tanaka Tower (2nd Floor), 42/1/Gha,
Segun Bagicha, Dhaka-1000.
Tel: +88-02-7120795; +88-02-7121348
Fax: +88-02-7121348; 9550040
Website: www.afccapital.org
IMPERIAL CAPITAL LIMITED

Saiham Sky View Tower,
45 Bijoy Nagar (3rd Floor), Dhaka-1000.
Tel: +88-02-9361870, Fax: +88-02-9361870
Website: www.imperialcapital.org
CONSENT OF THE SECURITIES AND EXCHANGE COMMISSION HAS BEEN OBTAINED TO THE ISSUE/OFFER OF THESE
SECURITIES UNDER THE SECURITIES AND EXCHANGE ORDINANCE, 1969, AND THE SECURITIES AND EXCHANGE
COMMISSION (PUBLIC ISSUE) RULES, 2006. IT MUST BE DISTINCTLY UNDERSTOOD THAT IN GIVING THIS CONSENT THE
COMMISSION DOES NOT TAKE ANY RESPONSIBILITY FOR THE FINANCIAL SOUNDNESS OF THE ISSUER COMPANY, ANY OF
ITS PROJECTS OR THE ISSUE PRICE OF ITS SECURITIES OR FOR THE CORRECTNESS OF ANY OF THE STATEMENTS MADE
OR OPINION EXPRESSED WITH REGARD TO THEM. SUCH RESPONSIBILITY LIES WITH THE ISSUER, ITS DIRECTORS, CHIEF
EXECUTIVE OFFICER/CHIEF FINANCIAL OFFICER, ISSUE MANAGER, UNDERWRITER AND/OR AUDITOR"

ACRONYMS
A
AFCCL
: AFC Capital Limited
NAV
Allotment
: Letter of allotment for shares
NBR
NRB
: Bangladesh Bank
: Beneficial Owner Account or Depository
Account
: Bangladesh Securities and Exchange
Commission
B
BB
BO A/C
BSEC
C
Commission
Companies Act
CSE
: Bangladesh Securities and Exchange

Commission
: Companies Act, 1994 (Act. No. XVIII of
1994)
: Chittagong Stock Exchange Limited
: Dhaka Stock Exchange Limited
: Registered Office of SIL
RFL
: Reliance Finance Limited
RJSC
: Registrar of Joint Stock

Companies & Firms
Stockholders
: Share Certificate
: Shares of Simtex Industries
Limited
: Market of the Securities
: Simtex Industries Limited
: The sponsor shareholders
of SIL
: Staple Spun Polyester
: Short Term Deposit
Account
: Shareholders
Subscription
: Application money
T
The Company
: Simtex Industries Limited
Securities
Share Market
SIL
F
FC Account
: Foreign Currency Account
Sponsors
FI
: Financial Institution
SSP
STD Account
G
GOB
I
ICL
IDCP
IIDFC
IPO
Issue
Issuer
Issue Managers :
: The Government of Peoples Republic of

Bangladesh
: Imperial Capital Limited
: Interest During Construction Period
: Industrial & Infrastructure Development
Finance Company Limited
: Initial Public Offering
: Public offer of SILs shares
: Simtex Industries Limited (SIL)
AFC CAPITAL LIMITED
: Price of the securities of

SIL being offered
R
Registered Office
S
SC
D
DSE
Offering Price
: Net Asset Value of the

Company
: National Board of Revenue
: Non Resident Bangladeshi
Page | II

AVAILABILITY OF PROSPECTUS
The Prospectus of the Company shall be available at the following addresses:

NAME & ADDRESS
COMPANY
CONTACT PERSON
CONTACT NO.
Page | III
Khagan, Birulia, Savar, Dhaka-1341.

ISSUE MANAGERS
AFC CAPITAL LIMITED
Tanaka Tower (2ndFloor), 42/1/Gha,
Segun Bagicha, Dhaka-1000.
Saiham Sky View Tower (3rd Floor),
45, Bijoy Nagar, Dhaka-1000.
UNDERWRITERS
EASTERN BANK LIMITED
Jiban Bima Bhaban (2nd Floor)
BMSL INVESTMENT LIMITED
Sadharan Bima Tower (7th Floor),
37/A Motijheel C/A, Dhaka-1000
Ashis Kumar Saha

Chief Financial Officer
Mahbub H. Mazumdar FCMA

Chief Executive
Md. Salauddin Sikder FCMA
CEO & Managing Director
Md. Sayadur Rahman

Head of Investment Banking
Md. Riyad Matin
Managing Director
AIBL CAPITAL MANAGEMENT LIMITED
Peoples Insurance Bhaban (7th Floor),

SWADESH INVESTMENT MANAGEMENT LTD.
Suite 01, Level 11, Unique Trade Center, 8

Panthapath, Karwan Bazar, Dhaka-1215.
NBL CAPITAL AND EQUITY MANAGEMENT LIMITED
Printers Building (8th Floor),

5 Rajuk Avenue, Dhaka-1000.
STOCK EXCHANGES
DHAKA STOCK EXCHANGE LIMITED (DSE)
9/F Motijheel C/A, Dhaka-1000
Md. Golam Sarwar Bhuiyan

Chief Executive Officer
Mamun Ahmed
Managing Director
Md. Tarikul Islam
Chief Executive Officer (CC)
Tel: +88-02-58957103-4, +88-02-7914035

Fax: +88-02-8932237
E-mail: info@simtexgroup.com
companysecretary@simtexgroup.com
Tel: +88-02-7120795
Fax: +88-02-7121348
E-mail: capital.afc@gmail.com
Tel: +88-02-9361870
E-mail:salauddin_sikder@yahoo.com
Tel: +88-02-7118975 Ext. 101
Fax no. +88-02-7120251
E-mail: sayadur@eblsecurities.com
Tel: +88-02-7169428; +88-02-9570624
E-mail: info@bmsl.com.bd
Tel: +88-02-9551962; +88-02-9564563
E-mail: cml@al-arafahbank.com
Tel: +88-02-8158166
E-mail: mamunahmed@msn.com
Tel: +88-02-9563081
E-mail: timtareq@gmail.com
D S E Library
Tel: +88-02-9564601-7; +88-02-9666944-8
C S E Library
Tel: +88-02-714632-3; +88-02-720871-3
CHITTAGONG STOCK EXCHANGE LTD. (CSE)
CSE Building 1080 SK Mujib Road, Agrabad

C/A, Chittagong.
Prospectus is also available on the websites of Simtex Industries Limited (www.simtexgroup.com), AFC Capital
Limited (www.afccapital.org), Imperial Capital Limited (www.imperialcapital.org), BSEC (www.secbd.org),
DSE (www.dsebd.org), CSE (www.csebd.com) and Public Reference Room of the Bangladesh Securities and
Exchange Commission (BSEC) for reading and study.
Auditors Information
Name
Address
AHMED ZAKER & CO.

Chartered Accountants
45, Shaheed Syed Nazrul Islam Road

Bijoynagar, Saiham Sky View (2nd Floor),
Dhaka-1000
Issue Managers :
AFC CAPITAL LIMITED
Contact No.
Telephone: +88-02-8391440-3
Fax: +88-02-8391011
E-mail: azcbangladesh@gmail.com
web: www.ahmed-zaker.com

TABLE OF CONTENTS
PARTICULARS
Acronyms
Availability of prospectus
SECTION I: RISK FACTORS & MANAGEMENTS PERCEPTION ABOUT THE RISKS
Risk factors & managements perception about the risks
SECTION II: STATUTORY CONDITIONS & DISCLOSURES
Disclosure in respect of issuance of securities in dematerialized format
Conditions under 2CC of the Securities and Exchange Ordinance, 1969
General information
SECTION III: DECLARATIONS & DUE DELIGENCE CERTIFICATES
Declaration about the responsibility of the Director(s), including the Managing Director of the
Company Simtex Industries Limited in respect of the prospectus
Consent of Director(s) to serve as Director(s)
Declaration about filing of prospectus with the Registrar of Joint Stock Companies and Firms
Declaration by the Issuer about the approval from Securities and Exchange Commission for
any material changes
Declaration by the Issue Manager(s) about the approval from Securities and Exchange
Commission for any material changes
Due diligence certificate of the Manager(s) to the Issue
Due diligence certificate of the Underwriter(s)
SECTION IV: ISSUE SIZE AND PURPOSE OF THE PUBLIC OFFERING
Capital structure
Use of proceeds & implementation schedule
SECTION V: DESCRIPTION OF BUSINESS
Incorporation
Inception of commercial operation
Production facilities
Factory location
Nature of business
Principal products or services and the market for such product or services
Products or service contributing more than 10% of the Companys total revenues
Name of Associates, Subsidiary/Related Holding Company and their core areas of business
Distribution of the products or services
Competitive conditions in the business
Sources and availability of raw materials and the names of the principal suppliers
Sources of, and requirement for, power, gas and water; or any other utilities
Names of the Customer who purchase 10% or more of the Companys products/services
Description of any contract with its principal suppliers and customers
Description of any material patents, trademarks, licenses or royalty agreements
Number of total employees and number of total full-time employees
Production or services rendering capacity and current utilization
SECTION VI: DESCRIPTION OF PROPERTY
Description of property
Issue Managers :
AFC CAPITAL LIMITED
PAGE NO
II
III
1-4
1-4
5-14
5
5-13
14
15-18
15
15
15
16
16
17
18
19-23
19
19-23
24-26
24
24
24
24
24
24
25
25
25
25
25
26
26
26
26
26
26
27-28
27-28
Page | IV
SECTION VII: PLAN OF OPERATION AND DISCUSSION OF FINANCIAL CONDITION

Internal and external sources of cash
Any material commitments for capital expenditure and expected sources of funds for such
expenditure
Causes for any material changes from period to period in income, cost of goods sold, other
operating expenses and net income
Any seasonal aspects of the Companys business
Any known trends, events or uncertainties that shall have a material effect on the Companys future
business
Any change in the assets of the Company used to pay off any liabilities
Any loan taken by the Issuer from its Holding/Parent Company or Subsidiary Company or loan
given to aforesaid Company
Any future contractual liabilities the Company might enter into within next one year, and the
impact
Future capital expenditure
Any VAT, Income tax, Customs Duty or other Tax liability including any contingent liabilities
Any operating lease the Company has entered into during the last five years
Any financial commitment, including lease commitment, the Company had entered into during the
past five years
All personnel related schemes
Break down of all expenses connected with the public issue
Information regarding revaluation of assets
Transaction between Holding/Subsidiary/Associate Company and the Issuer within the last five years
Auditors certificate regarding allotment of shares to Promoters or Sponsor Shareholders for

consideration other than in cash
Declaration regarding suppression of material information
SECTION VIII: DIRECTORS AND OFFICERS
Name, age, qualification, experience and position of all Directors of the Company
Information regarding Directors and Directorship
Involvement of Directors in other organization
Any family relationship among Directors and top five officers
Short bio-data of each Director
Credit Information Bureau (CIB) report
Name with position, educational qualification, date of joining in the Company, last five years
experience of the CEO, CFO, CS, Advisors, Consultants, Additional and Deputy MD and all
Departmental Heads
SECTION IX : INVOLVEMENT OF DIRECTORS AND OFFICERS IN CERTAIN LEGAL
PROCEEDINGS
Involvement of Directors and Officers in certain legal proceedings
SECTION X : CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Certain relationships and related transactions
SECTION XI: EXECUTIVE COMPENSATION
Remuneration paid to the top five salaried Officers in the last accounting year and the name &
designation of each
Aggregate amount paid to all Directors and Officers as a group during the last accounting year
Remuneration paid to Director who was not an officer of the Company during the last accounting year
Any contract with any Director or Officer providing for the payment of future compensation
Any plan to substantially increase remunerations/salaries of Officers and Directors
Issue Managers :
AFC CAPITAL LIMITED
29-33
29
29
29
29
29
29
30
30
30
30
30
30
31
31
32
32
33
33
34-36
34
34
34
34
35-36
36
36
37
37
37
37
38
38
38
38
38
38
Page | V
SECTION XII: OPTIONS GRANTED TO DIRECTORS, OFFICERS AND EMPLOYEES

Options granted to Directors, Officers and Employees
SECTION XIII: TRANSACTION WITH THE DIRECTORS AND SUBSCRIBERS TO THE MEMORANDUM
Transaction with the Directors and Subscribers to the Memorandum

SECTION XIV: TANGIBLE ASSETS PER SHARE
Tangible assets per share
SECTION XV: SHARE HOLDING STRUCTURE AND FEATURES OF IPO
Ownership of the Companys securities
Securities own by each Directors
List of Sponsors/Directors and/or Shareholders who hold 5% or more shares of the Company
Securities owned by the Officers of the Company
Post IPO shareholding by the Sponsors/Directors
SECTION XVI: DETERMINATION OF OFFERING PRICE
Determination of offering price
SECTION XVII: MARKET FOR THE SECURITIES BEING OFFERED
Market for the securities being offered
SECTION XVIII: DESCRIPTION OF SECURITIES OUTSTANDING OR BEING OFFERED
Dividend, voting, pre-emption rights
Conversion and liquidation rights
Right for transfer
Dividend policy
Other rights of Shareholders
SECTION XIX: DEBT SECURITIES
Debt securities
SECTION XX: FINANCIAL STATEMENTS
Independent Auditors Report
Statement of Financial Position
Statement of Comprehensive Income
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Financial Statements
Auditors additional disclosure
Auditors Report under section 135(1), Para 24(1) of part II of the Third Schedule of Companies Act, 1994
Auditor's certificate regarding calculation of EPS and Ratios

Information as per SECs notification no. SEC/CMRRCD/2008/115/admin/30 dated October 05, 2011
SECTION XXI: LOCK IN PROVISION
Lock in provision
SECTION XXII: SUBSCRIPTION
Subscription by and refund to NonResident Bangladeshi (NRB)
Allotment
SECTION XXIII: AVAILABILITY OF SECURITIES
Availability of securities
SECTION XXIV: ISSUE MANAGER & UNDERWRITER
Manager to the issue
Underwriters
Right of underwriters on Companys Board
Commission for Underwriters
Issue Managers :
AFC CAPITAL LIMITED
38
38
38
38
39
39
40-41
40
40
40
41
41
42-43
42-43
44
44
44-45
44
44
44
45
45
45
45
46-138
46-47
48
49
50
51
52-68
69-132
133-135
136-137
138
139
139
140
140
140
141
141
141-142
141
141-142
142
142
Page | VI
SECTION XXV: APPLICATION FOR SUBSCRIPTION

Application for subscription
Declaration about listing of shares with the Stock Exchange(s)
Trading and settlement
SECTION XXVI: MATERIAL CONTRACTS & OHTERS
Material contracts
SECTION XXVII: CORPORATE DIRECTORY
Corporate Directory
SECTION XXVIII: CREDIT RATING REPORT
Credit Rating Report of Simtex Industries Limited
SECTION XXIX: IPO APPLICATION PROCESS
Issue Managers :
AFC CAPITAL LIMITED
142-144
142-144
144
144
145
145
146
146
147-157
147-157
158-165
Page | VII

SECTION I: RISK FACTORS AND MANAGEMENTS PERCEPTION ABOUT THE RISKS
An investment in equity involves a high degree of risk. Investors should carefully consider all the information in
this Prospectus, including the risks and uncertainties described below, before making an investment in our equity
shares. Any of the following risks as well as other risks and uncertainties discussed in this Prospectus could have a
material adverse effect on our business, financial condition and results of operations. In addition, the risks set out in
this Prospectus may not be exhaustive and additional risks and uncertainties, not presently known to us, or which
we currently deem immaterial, may arise or become material in the future. Unless otherwise stated in the relevant
risk factors set forth below, we are not in a position to specify or quantify the financial or other risks mentioned
herein.
Materiality
The Risk factors have been determined on the basis of their materiality. The following factors have been
considered for determining the materiality:
1. Some events may not be material individually but may be found material collectively.
2. Some events may have material impact qualitatively instead of quantitatively.
3. Some events may not be material at present but may be having material impact in the future.
1. Interest Rate Risks:
SIL is exposed to the volatility of interest rate as it has Long Term Bank Loan. Any higher trend in interest rate
in the future will definitely aggravate the adversity.
Management perception: The management of SIL has decided to liquidate the major portion of Bank Loan
with the IPO proceeds to make the Gearing Ratio at a satisfactory level which will significantly reduce the
financial leverage and interest burden.
2. Exchange Rate Risks:
SIL is engaged in global trade as it procures its raw materials from overseas markets. Therefore, fluctuations in
the related foreign currency rates may affect adversely to the Companys liquidity and profitability and expose
a threat to the stability of the Company.
Management perception: SIL settles its foreign transaction through US Dollars in case of both export and
import. While the value of functional currency fluctuates, the loss or gain on currency fluctuation for export
automatically sets off against the loss or gain on currency fluctuation for import. As the value of export is
always greater than the value of import, some balance is created in the foreign currency transaction.
Furthermore, the Company is contemplating about setting a system of hedging on foreign currency transactions
in the future.
3. Industry Risks:
(a) Rising of Raw Materials costs:
The cost of yarn/thread and other chemicals are rising drastically round the year. It may hamper the
profitability of the Company significantly.
Management perception: SIL is aware of the continuing market situation of its raw materials. The
management of SIL believes that long term planning for raw material management, exploring number of
global markets, job wise costing for its finished products and trustworthy relations with the suppliers and
mitigate the risk of rising of materials cost.
Issue Managers :
AFC CAPITAL LIMITED
Page | 1

(b) Labor Unrest:
At present, textile and garments sector of Bangladesh is heavily affected by labor unrest. Any incident of labor
unrest would adversely affect the operation of the company. More importantly, the companys reputation in
the industry and among its buyers will be affected. This may affect its financial performance in the long run as
well.
Management Perception: Due to current labour crisis there may be a possibility of temporary shutdown of
operation which can affect the shareholders interest. However, Simtex Industries Limiteds Compliance &
Employee Relation Department is very much conscious, communicative and capable enough to handle every
situation related to regulatory compliance. Moreover, SIL is maintaining all sort of compliances related to
employee benefit such as workers profit participation fund (WPPF) to protect the interest of the workers, that
reduces the risk of labour unrest within the company.
4. Market Risk:
(a) Market demand:
The products of SIL are sold in international markets. Any economic recession, changes in tastes and fashions
of the consumers, national income and other related factors may cause to decline the market demand of the
Company products.
Management perception: SIL always gives values to its customers satisfaction and changes in tastes and
fashion. Therefore its expert team promptly dedicates their creativity and research work to respond any
changes in customers demand and product diversifications.
(b) Competition:
SIL is operating in a free market economy regime. The Company might have to face stiff competition from its
competitors:
Management perception: Bangladesh is the prime source of cheapest garments in the world, earning
comparative advantages for its industries over their global competitors. In addition, the management of SIL
employs their efficiencies; expertise and discretions in minimize the cost of its products.
5. Risks steaming from technological changes:
Changes in technologies may hamper the cost efficiency of the Company.
Management perception: Technology always plays a vital role for the existence of any industrial concern,
ensuring better services to the customers and minimizing the cost in various aspects. SIL is focused to remain
updated in investing in facilities and technologies that will ensure constant quality of its production system.
SILs management has vast experience throughout the industry value chain which helps them to develop insight
regarding probable industry development in the technological arena and plan accordingly. Moreover, SIL
applies the latest technology in the dyeing process in the production.
SIL is very serious using high performance and sophisticated equipments. Not only sophistication but also
strength is one of the priorities. The machineries and equipments, which we are using, are the latest invention
in this sector. In case of new technologies, we have mastered adaptation techniques without hampering the cost
efficiency of the Company.
Issue Managers :
AFC CAPITAL LIMITED
Page | 2

6. Potential or existing Govt. regulations may hamper the smooth operation of the business:
Management perception: RMG is a vital sector to the economy of Bangladesh. Government emphasizes on the
growth of RMG Industry to boost up the export of home textile goods. The government incentives and
subsidiaries are also vital to the sustainability of this sector. The Government of Bangladesh is aware of this
fact. Since, the company operates in RMG sector; the Government regulations are mostly investment-friendly.
Hence, it is expected that any undue tax or duty will not be imposed that may adversely affect the sectors
sustainability. Rather, the Government is keen to support this industry. However, unless any policy change
that may negatively and materially affect the industry as a whole, the business of the company is expected not
to be affected.
7. Potential changes in global or national policies may hamper the smooth operation of the business.
Management perception: Now a day, global and national policies do not change without prior notice. For
potential changes in policies, local and global leaders consider different issues including industries opinion.
We are optimistic that if any policies change unpredictably we can improvise with new policies without
hampering our smooth operation.
8. History of non-operation, if any
Management perception: As a manufacturer we take our operation very seriously. We know, if operation is
stopped for one day that can hamper supply to our customers. In any situation, we do not compromise with
our operation. Our company started commercial operation from July, 2009 with capacity of 2.80 million Kgs
per year, and we are proud to declare that the company has never been non-operative till date. For the smooth
operation, we are very serious about our responsibilities towards our employees and the society as a whole. In
addition, we are self-sufficient with an uninterrupted power supply. To get this facility we have own Gas and
Diesel generators. We also have Rural Electrification Board (REB) facility as an alternative power source.
9. Operational risks:
There may have some risks in operating the machineries and equipment, damaging Companys assets and
lives of its employees and workers.
Management perception: SIL is always committed to ensuring congenial work environment and giving
priority for the safety for its human resource. The Company also has insured its assets to minimize the degree
of loss.
10. Other risk factors:
(a) Increasing labor cost:
Labor cost is increasing day by day. Recently, Government fixed a minimum wage for the labor. It will
definitely increase the labor cost. Increase in the labor cost will increase the product cost which may give the
competitors a comparative advantage over the Company.
Management perception: One United Nation study states that labor cost in Bangladesh is the cheapest one in
the world. After the shift away of Quota regime, the export volume of Bangladesh to EU and USA has changed
to a higher volume. This is mainly due to the fact that Bangladesh has the cheapest labor in the world.
Issue Managers :
AFC CAPITAL LIMITED
Page | 3

(b) Political Unrest:
Bangladesh is prone to serious unrest in the political condition which produces Hartal, Road-Block and many
other barriers to the business. This could also propel the cost of the product upwards.
Management perception: During the last forty years of post-independence period, Bangladesh has gone
through a variety of political situations. But presently, a sound political atmosphere is prevailing in the
country. Both the ruling and opposition parties are committed to the betterment of the country. Last
democratic national assembly election and local council polls are instances of peaceful political situation in
Bangladesh.
(c) Possible slowdown in economic growth in Bangladesh:
Our performance and growth are dependent on the health of the Bangladesh economy. The economy could be
adversely affected by various factors such as political or regulatory action, including adverse changes in
liberalization policies, social disturbances, terrorist attacks and other acts of violence or war, natural
calamities, commodity and hike commodity &energy prices and various other factors. Any significant change
may adversely affect our business and financials.
Management perception: Bangladesh economy is booming for last few years. Consistent industrial growth
along with increased agricultural production has made the Per Capita Income higher than that of recent
years. In addition, favorable government policies and industry friendly policies by other regulatory bodies
have proved to be congenial to the economy of the country.
(d) Natural calamities:
Bangladesh is a country where recurrent natural calamities take place every year. It a serious threat to the
business.
Management perception: This type of situation is totally beyond the control of human being. Though the
management of SIL has a very little to do with, we can and should have some precaution measures to
minimize the damage of the business in such situations.
Issue Managers :
AFC CAPITAL LIMITED
Page | 4

SECTION II: STATUTORY CONDITIONS AND DISCLOSURES
DISCLOSURE IN RESPECT OF ISSUANCE OF SECURITIES IN DEMATERIALIZED FORMAT

As per provision of the Depository Act, 1999 and regulation made there under, shares will be issued in
dematerialized condition. All transfer/transmission/splitting will take place in the Central Depository Bangladesh
Ltd. (CDBL) system and any further issuance of shares (rights/bonus) will be issued in dematerialized form only.
CONDITIONS UNDER SECTION 2CC OF THE BANGLADESH SECURITIES AND EXCHANGE ORDINANCE, 1969
PART-A
1. The company shall go for Initial Public Offer (IPO) for 30,000,000 Ordinary Shares of Tk. 10.00 each at an
issue price of Tk. 20.00 per share each, including a premium of Tk. 10.00 per share totaling to Tk.
600,000,000.00/- (Taka sixty crore only) following the Bangladesh Securities and Exchange Commission
(Public Issue) Rules, 2006, the Depository Act, 1999 and regulations made there under.
2. The abridged version of the prospectus, as approved by the Commission, shall be published by the issuer in 4
(Four) national daily newspapers (two in Bangla and two in English), within 05 (Five) working days of
issuance of the consent letter. The issuer shall post the full prospectus, vetted by the Bangladesh Securities and
Exchange Commission, in the issuers website and shall also put on the websites of the Commission, stock
exchanges, and the issue managerss, within 5 (Five) working days from the date of issuance of this letter and
shall remain posted till the closure of the subscription list. The issuer shall submit to BSEC, the stock
exchanges and the issue managers a diskette containing the text of the vetted prospectus in MS -Word
format.
3. Sufficient copies of prospectus shall be made available by the issuer so that any person requesting a copy may
receive one. A notice shall be placed on the front of the application form distributed in connection with the
offering, informing that interested persons are entitled to a prospectus, if they so desire, and that copies of
prospectus may be obtained from the issuer and the issue managers. The subscription application shall indicate
in bold type that no sale of securities shall be made, nor shall any money be taken from any person, in
connection with such sale until 25 (Twenty five) days after the prospectus has been published.
4. The company shall submit 40 (Forty) copies of the printed prospectus to the Bangladesh Securities and
Exchange Commission for official record within 5 (Five) working days from the date of publication of the
abridged version of the prospectus in the newspaper.
5. The issuer company and the issue managers shall ensure transmission of the prospectus and abridged version
of the prospectus for NRBs through email, simultaneously with publication of the abridged version of the
prospectus, to the Bangladesh Embassies and Missions abroad and shall also ensure sending of the printed
copies of abridged version of the prospectus to the said Embassies and Missions within 05 (Five) working
days of the publication date by Express Mail Service (EMS) of the postal department. A compliance report
shall be submitted in this respect to the BSEC jointly by the issuer and the Issue managers within 02 (Two)
working days from the date of said dispatch of the prospectus.
6. The paper clipping of the published abridged version of the prospectus, as mentioned at condition no. 2
above, shall be submitted to the Commission within 24 hours of the publication thereof.
7. The company shall maintain separate bank account(s) for collecting proceeds of the Initial Public Offering and
shall also open Foreign Currency (FC) account(s) to deposit the application money of the Non Resident
Bangladeshis (NRBs) for IPO purpose, and shall incorporate full particulars of said FC account(s) in the
prospectus. The company shall open the above-mentioned accounts for IPO purpose; and close these accounts
Issue Managers :
AFC CAPITAL LIMITED
Page | 5

after refund of over-subscription money. Non-Resident Bangladeshi (NRB) means Bangladeshi citizens
staying abroad including all those who have dual citizenship (provided they have a valid Bangladeshi
passport) or those, whose foreign passport bear a stamp from the concerned Bangladesh Embassy to the effect
that no visa is required for traveling to Bangladesh.
8. The issuer company shall apply to all the stock exchanges in Bangladesh for listing within 7 (Seven) working
days from the date of issuance of this letter and shall simultaneously submit the vetted prospectus with all
exhibits, as submitted to BSEC, to the stock exchanges and shall also submit copy of the listing application to
BSEC.
9. The following declaration shall be made by the company in the prospectus, namely: Declaration about Listing of Shares with the stock exchange (s):
None of the stock exchange(s), if for any reason, grants listing within 75 (Seventy Five) days from the closure
of subscription, any allotment in terms of this prospectus shall be void and the company shall refund the
subscription money within 15 (Fifteen) days from the date of refusal for listing by the stock exchanges, or
from the date of expiry of the said 75 (Seventy Five) days, as the case may be.
In case of non-refund of the subscription money within the aforesaid 15 (Fifteen) days, the Directors of the
company, in addition to the issuer company, shall be collectively and severally liable for refund of the
subscription money, with interest at the rate of 2% (Two Percent) per month above the bank rate, to the
subscribers concerned.
The issue managers, in addition to the issuer company, shall ensure due compliance of the above mentioned
conditions and shall submit compliance report thereon to the Commission within 07 (Seven) days of expiry of
the aforesaid 15 (Fifteen) days time period allowed for refund of the subscription money.
10. The subscription list shall be opened and the sale of securities commenced after 25 (Twenty Five) days of the
publication of the abridged version of the prospectus.
11. The IPO shall stand cancelled and the Issuer shall inform the stock exchanges within 2 (two) working days of
receiving verification report and information from CDBL to release the application money, if any of the
following events occur:
(a) Upon closing of the subscription list it is found that the total number of valid applications (in case of under
subscription including the number of the underwriter) is less than the minimum requirement as specified in the
listing regulations of the stock exchange(s) concerned; or
(b) At least 50% of the IPO is not subscribed.
12. 20% of total public offering shall be reserved for wZM z` wewbqvMKvix, 10% of total public offering
shall be reserved for non-resident Bangladeshi (NRB) and 10% for mutual funds and collective
investment schemes registered with the Commission, and the remaining 60% shall be open for
subscription by the general public. In case of under-subscription under any of the 20% and 10%
categories mentioned above, the unsubscribed portion shall be added to the general public category and,
if after such addition, there is over subscription in the general public category, the issuer and the
managers to the issue shall jointly conduct an open lottery of all the applicants added together.
13. All the applicants shall first be treated as applied for one minimum market lot of 300 shares worth Taka
6,000/- (Taka six thousand only). If, on this basis, there is over subscription, then lottery shall be held
amongst the applicants allocating one identification number for each application, irrespective of the
application money. In case of over-subscription under any of the categories mentioned hereinabove, the issuer
Issue Managers :
AFC CAPITAL LIMITED
Page | 6

and the issue managers shall jointly conduct an open lottery of all the applications received under each
category separately in presence of representatives from the issuer, the stock exchanges and the applicants, if
there be any.
14. An applicant cannot submit more than two applications, one in his/her own name and the other jointly
with another person. In case, an applicant submits more than two applications, all applications will be
treated as invalid and will not be considered for allotment purpose. In addition, 15% (fifteen) of the
application money will be forfeited by the Commission and the balance amount will be refunded to the
applicant.
15. The applicants who have applied for more than two applications using same bank account, their
application will not be considered for lottery and the Commission will forfeit 15% of their subscription
money too.
16. Making of any false statement in the application or supplying of incorrect information therein or
suppressing any relevant information in the application shall make the application liable to rejection
and subject to forfeiture of 25% of the application money and/or forfeiture of share (unit) before or
after issuance of the same by the issuer. The said forfeited application money or share (unit) will be
deposited in account of the Bangladesh Securities and Exchange Commission (BSEC). This is in
addition to any other penalties as may be provided for by the law.
17. The company shall furnish the List of Allotees to the Commission and the stock exchange(s) simultaneously in
which the shares will be listed, within 24 (Twenty Four) hours of allotment.
18. In the event of under-subscription of the public offering, the unsubscribed portion of securities shall be taken
up by the underwriter(s) (subject to Para -11 above). The issuer must notify the underwriters to take up the
underwritten shares within 10 (Ten) days of the closing of subscription on full payment of the share money
within 15 (Fifteen) days of the issuers notice. The underwriter shall not share any underwriting fee with the
issue managers, other underwriters, issuer or the sponsor group.
19. All issued shares of the issuer at the time of according this consent shall be subject to a lock-in period of 03
(Three) years from the date of issuance of prospectus or commercial operation, whichever comes later.
Provided that the persons (other than Directors and those who hold 5% or more shares in the company), who
have subscribed to the shares of the company within immediately preceding two years of according consent
shall be subject to a lock-in period of 01 (One) year from the date of issuance of prospectus or commercial
operation, whichever comes later.
20. If any existing sponsor or director of any company transfers any share to any person, other than existing
shareholders, within preceding 12 (twelve) months of submitting any application for raising of capital or initial
public offering (IPO), all shares held by those transferee shareholders shall be subject to a lock-in period of 3
(three) years from the date of issuance of prospectus for IPO.
21. In respect of shares of Sponsors/Directors/Promoters (if in paper format) shall be handed over to
security custodian bank registered with BSEC and shall remain till completion of lock in and the name
and branch of the bank shall be furnished to the Commission jointly by the issuer and Issue managers,
along with a confirmation thereof from the custodian bank, within one week of listing of the shares with
the stock exchange(s). Or they (shares of Sponsors/ Directors/ Promoters) can be demated and will
remain in lock-in under CDBL system and issuer will submit a dematerialization confirmation report
generated by CDBL and attested by Managing Director of the company along with lock-in confirmation
with BSEC within one week of listing of the shares with the stock exchange(s). In respect of shares other
than Sponsors/Directors/Promoters the issuer will ensure their lock-in of those shares and submit a
statement to this effect to BSEC.
Issue Managers :
AFC CAPITAL LIMITED
Page | 7

22. The Company shall not declare any benefit/dividend based on the financial statements for the year
ended on June 30, 2014 before listing of its capital with stock exchange(s).
23. Updated Corporate Governance Guideline of the Commission has to comply with and a compliance report
thereof shall be submitted to the Commission before 7 (seven) days of opening of subscription.
Page | 8
PARTB
Application Process
Step-1 (Applicant)
1. An applicant for public issue of securities shall submit application/buy instruction to the Stockbroker/
Merchant Banker where the applicant maintains customer account, within the cut-off date (i.e. the subscription
closing date), which shall be the 25th (twenty fifth) working day from the date of publication of abridged
version of prospectus.
2. The application/buy instruction may be submitted in prescribed paper or electronic form, which shall contain
the Customer ID, Name, BO Account Number, Number of Securities applied for, Total Amount and Category
of the Applicant. At the same time:
a) Other than non-resident Bangladeshi (NRB) and Foreign applicants shall make the application money and
service charge available in respective customer account maintained with the Stockbroker/Merchant
Banker. No margin facility, advance or deferred payment is permissible for this purpose. In case the
application is made through a margin account, the application money shall be deposited separately and the
Stockbroker/Merchant Banker shall keep the amount segregated from the margin account, which shall be
refundable to the applicant, if become unsuccessful.
b) Non-resident Bangladeshi (NRB) and Foreign applicants shall submit bank drafts (FDD), issued in favor
of the Issuer for an amount equivalent to the application money, with their application to the concerned
Stockbroker/Merchant Banker. A Non-resident Bangladeshi (NRB) and Foreign applicant may also
submit a single draft against 02(two) applications made by him/her, i.e. one in his/her own name and the
other jointly with another person. The draft (FDD) shall be issued by the Bank where the applicant
maintains NITA/Foreign Currency account debiting the same account. No banker shall issue more than
two drafts from any NITA/Foreign Currency account for any public issue. At the same time, the applicant
shall make the service charge available in respective customer account maintained with the
Stockbroker/Merchant Banker.
Issue Managers :
AFC CAPITAL LIMITED

Step-2 (Intermediary)
3. The Stockbroker/Merchant Banker shall maintain a separate bank account only for this purpose namely
Public Issue Application Account. The Stockbroker/Merchant Banker shall:
a) post the amount separately in the customer account (other than NRB and Foreign applicants), and upon
availability of fund, block the amount equivalent to the application money;
b) accumulate all the application/buy instructions received up to the cut-off date, deposit the amount in the
Public Issue Application Account maintained with its bank within the first banking hour of next
working day of the cut-off date. In case of application submitted by the Stock-dealer or the Merchant
Bankers own portfolio, the application amount should also be transferred to the Public Issue
Application Account;
c) instruct the banker to block the account for an amount equivalent to the aggregate application money
and to issue a certificate in this regard.
4. Banker of the Stockbroker/Merchant Banker shall block the account as requested for, issue a certificate
confirming the same and handover it to the respective Stockbroker/Merchant Banker.
5. For Non-resident Bangladeshi (NRB) and Foreign applicants, the Stockbroker/Merchant Banker shall prepare
a list containing the draft information against the respective applicants particulars.
6. The Stockbroker/Merchant Banker shall prepare category wise lists of the applicants containing Customer ID,
Name, BO Account Number and Number of Securities applied for, and within 03 (three) working days from
the cut-off date, send to the respective Exchange, the lists of applicants in electronic (text format with tilde ~
separator) format, the certificate(s) issued by its banker, the drafts received from Non-resident Bangladeshi
(NRB) and Foreign applicants and a copy of the list containing the draft information.
7. On the next working day, the Exchanges shall provide the Issuer with the information received from the
Stockbroker/Merchant Bankers, the drafts submitted by Non-resident Bangladeshi (NRB) and Foreign
applicants and the list containing the draft information. Exchanges shall verify and preserve the bankers
certificates in their custody.
8. The application/buy instructions shall be preserved by the Stockbroker/Merchant Bankers up to 6 months from
listing of the securities with exchange.
Step-3 (Issuer)
9. The Issuer shall prepare consolidated list of the applications and send the applicants BOIDs in electronic
(text) format in a CDROM to CDBL for verification. The Issuer shall post the consolidated list of applicants
on its website and websites of the Exchanges. CDBL shall verify the BOIDs as to whether the BO accounts of
the applicants are active or not.
10. On the next working day, CDBL shall provide the Issuer with an updated database of the applicants
containing BO Account Number, Name, Addresses, Parents Name, Joint Account and Bank Account
information along with the verification report.
11. After receiving verification report and information from CDBL, the Issuer shall scrutinize the applications,
prepare category wise consolidated lists of valid and invalid applications and submit report of final status of
subscription to the Commission and the Exchanges within 10 (ten) working days from the date of receiving
information from the Exchanges.
12. The Issuer and the issue managers shall conduct category wise lottery with the valid applications within 03
(three) working days from the date of reporting to the Commission and the Exchanges, if do not receive any
observation from the Commission or the Exchanges.
13. The Issuer and issue managers shall arrange posting the lottery result on their websites within 06 (six) hours
and on the websites of the Commission and Exchanges within 12 (twelve) hours of lottery.
Issue Managers :
AFC CAPITAL LIMITED
Page | 9

14. Within 02 (two) working days of conducting lottery, the Issuer shall:
a) send category wise lists of the successful and unsuccessful applicants in electronic (text format with tilde
~ separator) format to the respective Exchange.
b) send category wise lists of unsuccessful applicants who are subject to penal provisions as per conditions
of the Consent Letter issued by the Commission in electronic (text format with tilde ~ separator) format
to the Commission and Exchanges mentioning the penalty amount against each applicant.
c) issue allotment letters in the names of successful applicants in electronic format with digital signatures
and send those to respective Exchange in electronic form.
d) send consolidated allotment data (BOID and number of securities) in electronic text format in a CDROM
to CDBL to credit the allotted shares to the respective BO accounts.
15. On the next working day, Exchanges shall distribute the information and allotment letters to the
Stockbroker/Merchant Bankers concerned in electronic format and instruct them to:
a) remit the amount of successful (other than NRB and Foreign) applicants to the Issuers respective Escrow
Account opened for subscription purpose, and unblock the amount of unsuccessful applicants;
b) send the penalty amount of other than NRB and Foreign applicants who are subject to penal provisions to
the Issuers respective Escrow Accounts along with a list and unblock the balance application money;
16. On the next working day of receiving the documents from the Exchanges, the Stockbrokers/Merchant
Banker shall request its banker to:
a) release the amount blocked for unsuccessful (other than NRB and foreign) applicants;
b) remit the aggregate amount of successful applicants and the penalty amount of unsuccessful applicants
(other than NRB and foreign) who are subject to penal provisions to the respective Escrow accounts of
the Issuer opened for subscription purpose.
17. On the next working day of receiving request from the Stockbrokers/Merchant Bankers, their bankers shall
unblock the amount blocked in the account(s) and remit the amount as requested for to the Issuers Escrow
account.
18. Simultaneously, the stockbrokers/Merchant Bankers shall release the application money blocked in the
customer accounts; inform the successful applicants about allotment of securities and the unsuccessful
applicants about releasing their blocked amounts and send documents to the Exchange evidencing details of
the remittances made to the respective Escrow accounts of the Issuer. The unblocked amounts of
unsuccessful applicants shall be placed as per their instructions. The Stockbroker/Merchant Banker shall be
entitled to recover the withdrawal charges, if any, from the applicant who wants to withdraw the application
money, up to an amount of Tk.5.00 (five) per withdrawal.
19. All drafts submitted by NRB or Foreign applicants shall be deposited in the Issuers respective Escrow
accounts and refund shall be made by the Issuer by refund warrants through concerned stockbroker or
merchant banker or transfer to the applicants bank account through banking channel within 10 (ten) working
days from the date of lottery.
Issue Managers :
AFC CAPITAL LIMITED
Page | 10

Miscellaneous:
20. The Issuer, Issue manager(s), Stockbrokers and Merchant Bankers shall ensure compliance of the above.
21. The bank drafts (FDD) shall be issued considering TT Clean exchange rate of Sonali Bank Ltd. on the date of
publication of abridged version of prospectus.
22. Amount deposited and blocked in the Public Issue Application Account shall not be withdrawn or
transferred during the blocking period. Amount deposited by the applicants shall not be used by the
Stockbrokers/Merchant Bankers for any purpose other than public issue application.
23. The Issuer shall pay the costs related to data transmission, if claimed by the Exchange concerned up to an
amount of Tk.2,00,000.00 (taka two lac) for a public issue.
24. The Stockbroker/Merchant Bankers shall be entitled to a service charge of Tk.5.00 (taka five) only per
application irrespective of the amount or category. The service charge shall be paid by the applicant at the time
of submitting application.
25. The Stockbroker/Merchant Banker shall provide the Issuer with a statement of the remittance and drafts sent.
26. The Issuer shall accumulate the penalty amount recovered and send it to the Commission through a bank
draft/payment order issued in favor of the Bangladesh Securities and Exchange Commission.
27. The concerned Exchange are authorized to settle any complaints and take necessary actions against any
Stockbroker/Merchant Banker in case of violation of any provision of the public issue application process with
intimation to the Commission.
Issue Managers :
AFC CAPITAL LIMITED
Page | 11

PART C
1. The issuer and the issue managers shall ensure that the abridged version of the prospectus and the full
prospectus is published correctly and in strict conformity with the conditions of this letter without any
error/omission, as vetted by the Bangladesh Securities and Exchange Commission.
2. The issue managers shall carefully examine and compare the published abridged version of the prospectus on
the date of publication with the copy vetted by BSEC. If any discrepancy/ inconsistency is found, both the
issuer and the issue managers shall jointly publish a corrigendum immediately in the same newspapers
concerned, simultaneously endorsing copies thereof to BSEC and the stock exchange(s) concerned, correcting
the discrepancy/inconsistency as required under Due Diligence Certificates provided with BSEC.
3. Both the issuer company and the issue managers shall, immediately after publication of the prospectus and its
abridged version, jointly inform the Commission in writing that the published prospectus and its abridged
version are verbatim copies of the same as vetted by the Commission.
4. The fund collected through Public Offering shall not be utilized prior to listing with stock exchanges and that
utilization of the said fund shall be effected through banking channel, i.e. through account payee cheque, pay
order or bank drafts etc.
5. The company shall furnish status report on utilization of Public Offering proceeds audited by foreign
affiliated auditors and authenticated by the board of directors to the Commission and the stock
exchanges within 15 (Fifteen) days of the closing of each month until such fund is fully utilized, as
mentioned in the schedule contained in the prospectus, and in the event of any irregularity or
inconsistency, the Commission may employ or engage any person, at issuers cost, to examine whether
the issuer has utilized the proceeds for the purpose disclosed in the prospectus.
6. While auditing the utilization of IPO proceeds, the auditors will perform their jobs under the following
terms of reference (TOR) and confirm the same in their report/certificate:
(a) Whether IPO proceeds have been utilized for the purposes/heads as specified in the prospectus;
(b) Whether IPO proceeds have been utilized in line with the condition (if any) of the Commissions
consent letter;
(c) Whether utilization of IPO proceeds have been completed within the time schedule/implementation
schedule as specified in the published prospectus;
(d) Whether utilization of IPO proceeds is accurate and for the purpose of the company as
mentioned/specified in the published prospectus; and
(e) The auditors should also confirm that:(i)assets have been procured/imported/constructed
maintaining proper/required procedure as well as at reasonable price; and (ii) auditors report has
been made on verification of all necessary documents/papers/vouchers in support of IPO proceeds
making reconciliation with Bank Statement.
7. All transactions, excluding petty cash expenses, shall be effected through the companys bank account(s).
8. Proceeds of the Public Offering shall not be used for any purpose other than those specified in the prospectus.
Any deviation in this respect must have prior approval of the shareholders in the shareholders Meeting under
intimation to BSEC and stock exchanges.
9. Directors on the Companys Board will be in accordance with applicable laws, rules and regulations.
10. The financial statements should be prepared in accordance with Bangladesh Accounting Standards (BAS) and
Bangladesh Financial Reporting Standards (BFRS) as required by the Securities and Exchange Rules, 1987.
Issue Managers :
AFC CAPITAL LIMITED
Page | 12

11. If any quarter or half-year of the financial year ends after publication of the abridged version of prospectus and
before listing of its securities with any exchange, the company shall disseminate/transmit/submit the said
quarterly/half yearly financial statements in accordance with the Commissions Notification
SEC/CMRRCD/2008-183/admin/03-34 dated September 27, 2009 and the section 13 of the Securities and
Exchange Rules, 1987.
12. In the event of arising issues concerning Price Sensitive Information as defined under the wmwKDwiwUR I
GP Kwgkb (myweavfvMx eemv wbwlKiY) wewagvjv 1995 after publication of the abridged version of
prospectus and before listing of its securities with any exchange, the company shall
disseminate/transmit/submit the information as price sensitive in accordance with the Commissions
Notification No. SEC/SRMI/200-953/1950 dated October 24, 2000.
13. No issuer of a listed security shall utilize more than 1/3rd (one-third) of the fund raised through IPO for the
purpose of loan repayment.
PART-D
1. All the above conditions imposed under section 2CC of the Bangladesh Securities and Exchange Ordinance,
1969 shall be incorporated in the prospectus immediately after the page of the table of contents, with a
reference in the table of contents, prior to its publication.
2. The Commission may impose further conditions/restrictions etc. from time to time as and when considered
necessary which shall also be binding upon the Issuer Company.
PART-E
1. As per provision of the Depository Act, 1999 and regulations made there under, shares will only be issued in
dematerialized condition. All transfer/ transmission/ splitting will take place in the Central Depository
Bangladesh Limited (CDBL) system and any further issuance of shares (including rights/bonus) will be made
in dematerialized form only.
An applicant (including NRB) shall not be able to apply for allotment of shares without Beneficial Owners
(BO) account.
2. The Company and the Issue Managers shall ensure due compliance of all the above conditions and the
Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2006.
Issue Managers :
AFC CAPITAL LIMITED
Page | 13

GENERAL INFORMATION
AFC Capital Limited and Imperial Capital Limited (Issue Managers) have prepared this Prospectus based on
the information provided by Simtex Industries Limited (The Issuer) and also upon several discussions with the
Chairman, Managing Director and related executives of the Company. The Directors including Managing Director
of the Issuer and that of the Issue Manager collectively and individually, having made all reasonable inquiries,
confirm that to the best of their knowledge and belief, the information contained herein is true and correct in all
material respect and that there are no other material facts, the omission of which, would make any statement herein
misleading.
The form and content of the prospectus was developed under the guidelines of the section 8 of the
Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2006.
No person is authorized to give any information or to make any representation not contained in this Prospectus and
if given or made, any such information or representation must not be relied upon as having been authorized by the
Company or Issue Manager.
The Issue as contemplated in this document is made in Bangladesh and is subject to the exclusive jurisdiction of
the courts of Bangladesh. Forwarding this Prospectus to any person resident outside Bangladesh in no way implies
that the Issue is made in accordance with the laws of that country or is subject to the jurisdiction of the laws of that
country.
A copy of this Prospectus may be obtained from the Head Office of Simtex Industries Limited, AFC Capital
Limited and Imperial Capital Limited, the Underwriters and the Stock Exchanges where the securities will be
traded.
Issue Managers :
AFC CAPITAL LIMITED
Page | 14

SECTION III: DECLARATIONS AND DUE DILIGENCE CERTIFICATES
Declaration about the Responsibility of the Director(s), including the CEO of the Company, Simtex
Industries Limited, in respect of the Prospectus
This prospectus has been prepared, seen and approved by us, and we, individually and collectively, accept full
responsibility for the authenticity and accuracy of the statements made, information given in the prospectus,
documents, financial statements, exhibits, annexes, papers submitted to the Commission in support thereof, and
confirm, after making all reasonable inquires that all conditions concerning this public issue and prospectus have
been met and that there are no other information or documents the omission of which make any information or
statements therein misleading for which the Commission may take any civil, criminal or administrative action
against any or all of us as it may deem fit.
We also confirm that full and fair disclosure has been made in this prospectus to enable the investors to make a
well informed decision for investment.
Sd/Mahfuza Rahman
Chairman
Sd/Md. Siddiqur Rahman

Director & Managing Director
Sd/Hafiza Khanam
Director
Sd/Md. Ensan Ali Sheikh

Director
Sd/Uzzal Kumar Nandi

Independent Director
Consent of the Director(s) to serve as Director(s)

We hereby agree that we have been serving as Director(s) of Simtex Industries Limited and confirm to continue
to act as Director(s) of the Company.
Sd/Mahfuza Rahman
Chairman
Sd/Hafiza Khanam
Director

Director & Managing Director
Sd/Md. Ensan Ali Sheikh

Director
Sd/Uzzal Kumar Nandi

Declaration about filing of Prospectus with the Registrar of Joint Stock Companies and Firms
A vetted and signed copy of this Prospectus has been filed for registration with the Registrar of Joint Stock
Companies and Firms (RJSC), Bangladesh as required by Section 138 (1) of the Companies Act, 1994 on or before
the date of publication of this prospectus in the newspaper.
Issue Managers :
AFC CAPITAL LIMITED
Page | 15

Declaration by the Issuer about the approval from Bangladesh Securities and Exchange Commission for any
Material Changes
In case of any material changes in any agreement, contract, instrument, facts and figures, operational circumstances
and statement made in the Prospectus subsequent to the preparation of the Prospectus and prior to its publication
shall be incorporated in the Prospectus and the said Prospectus shall be published with the approval of the
Commission.
For Issuer
Sd/
Md. Siddiqur Rahman
Managing Director
Simtex Industries Limited
Declaration by the Issue Manager(s) about the approval from Bangladesh Securities and Exchange
Commission for any Material Changes
In case of any material changes in any agreement, contract, instrument, facts and figures, operational circumstances
and statement made in the Prospectus subsequent to the preparation of the Prospectus and prior to its publication
shall be incorporated in the Prospectus and the said Prospectus shall be published with the approval of the
Commission.
For Issue Manager
For Issue Manager
Sd/
Sd/

Chief Executive
AFC Capital Limited
Issue Managers :
AFC CAPITAL LIMITED

Imperial Capital Limited
Page | 16

Due Diligence Certificate of the Manager(s) to the Issue
Sub: Public offer of 30,000,000 Ordinary Shares of Tk. 10.00 each at an issue price of Tk. 20.00 each
including a premium of Tk. 10.00 per Share amounting to Tk. 600,000,000.00 of Simtex Industries
Limited.
Page | 17
We, the under-noted Manager(s) to the Issue to the above mentioned forthcoming Issue, state as follows:
1. We, while finalizing the draft Prospectus pertaining to the said issue, have examined various documents and
other materials as relevant for adequate disclosures to the investors; and
2. On the basis of such examination and the discussions with the issuer company, its directors and
officers, and other agencies, independent verification of the statements concerning objects of the issue and the
contents of the documents and other materials furnished by the issuer company.
WE CONFIRM THAT:
a) the draft Prospectus forwarded to the Commission is in conformity with the documents, materials and
papers relevant to the issue;
b) all the legal requirements connected with the said issue have been duly complied with; and
c) the disclosures made in the draft Prospectus are true, fair and adequate to enable the investors to make
a well informed decision for investment in the proposed issue.
For Manager to the Issue
Sd/
Sd/

Chief Executive
AFC Capital Limited
Issue Managers :
For Manager to the Issue
AFC CAPITAL LIMITED

Imperial Capital Limited

Due Diligence Certificate of the Underwriter(s)
Sub: Public offer of 30,000,000 Ordinary Shares of Tk. 10.00 each at an issue price of Tk. 20.00 each
including a premium of Tk. 10.00 per Share amounting to Tk. 600,000,000.00 of Simtex Industries
Limited.
We, the under-noted Underwriter(s) to the above-mentioned forthcoming issue, state individually and collectively
as follows:
1. We, while underwriting the above mentioned issue on a firm commitment basis, have examined the draft
Prospectus, other documents and materials as relevant to our underwriting decision; and
2. On the basis of such examination and the discussions with the issuer company, its directors and officers, and
other agencies, independent verification of the statements concerning objects of the issue and the contents of
the documents and other materials furnished by the issuer company;
WE CONFIRM THAT:
a) all information as are relevant to our underwriting decision have been received by us and the draft Prospectus
forwarded to the Commission has been approved by us;
b) we shall subscribe and take up the un-subscribed securities against the above-mentioned public issue within
15 (fifteen) days of calling up thereof by the issuer; and
c) this underwriting commitment is unequivocal and irrevocable.
For Underwriters
Sd/Managing Director/Chief Executive Officer
Eastern Bank Limited
BMSL Investment Limited
Swadesh Investment Management Limited
AIBL Capital Management Limited
Issue Managers :
AFC CAPITAL LIMITED
Page | 18

SECTION IV: ISSUE SIZE AND PURPOSE OF THE PUBLIC OFFERING
CAPITAL STRUCTURE:
Particulars
Authorized Capital - 100,000,000 Ordinary Share Of Tk. 10.00 each
Issued Subscribed & Paid-up Capital - 28,750,000 Ordinary Share of Tk. 10.00 each
Initial Public Offering (IPO) - Issue of 30,000,000 Ordinary Shares of Tk. 10.00 each
Total Paid-up Capital after IPO
Amount of Taka
1,000,000,000
287,500,000
300,000,000
587,500,000
USE OF PROCEEDS AND IMPLEMENTATION SCHEDULE:

SL
Particulars
Amount in Tk. (Million)
Implementation Schedule
316.229 Within 12 months after receiving IPO fund
1 Capital Investment
2
3
4
Bank Term Loan Pay-off [Trust

Bank Limited, Millennium Branch]
Working Capital
IPO Cost (Details at Page-31)
Total
200.000
Within 30 days after receiving IPO fund
65.271
18.500
Within 5-6 months after receiving IPO fund

As and when required
600.000
* The Company did not enter into any contract for aforesaid utilization of IPO Proceeds.
Break down of planned capital investment is as under: (Capital investment will be made in the existing line of
business)
Particulars
Amount (Million)
A. Building and other civil construction
52.784
B. Plant and Machinery
263.445
Total Amount
316.229
Issue Managers :
AFC CAPITAL LIMITED
Page | 19

A. Building and other Civil Constructions
I) Break down of planned Construction of Building are as under: (Capital investment will be made in the existing line of
business)
Details estimate & BOQ for construction of proposed Three Storied Building at Simtex Industries Ltd, Khagan, Birulia,
Savar, Dhaka.
Unit Rate
Name of Work (Civil Work)
Item Name
Size
Quantity
Amount (Tk.)
(Tk.)
Earth Cutting
9,712
cft
40
388,470
20 mm
82,500
kg
65
5,362,500
M.S. Rod
10 mm
25,000
kg
65
1,625,000
Cement
2,800
bag
430
1,204,000
Mat Foundation
Sylhet Sand
11,000
cft
55
605,000
Sand
Local Sand
8,659
cft
28
242,452
C. Aggregate
Stone
14,000
cft
135
1,890,000
Picket Bricks 18,000
nos.
7
126,000
20 mm
17,000
kg
65
1,105,000
16 mm
1,060
kg
65
68,900
M.S.ROD
12 mm
3,600
kg
65
234,000
10 mm
4,000
kg
65
260,000
Column
Cement
893
bag
430
383,990
Sylhet Sand
1,740
cft
55
95,700
Sand
Local Sand
1,740
cft
28
48,720
Stone chips
3,960
cft
160
633,600
C. Aggregate
Brick Chips
850
cft
28
23,800
20 mm
20,000
kg
65
1,300,000
16 mm
10,200
kg
65
663,000
M.S.ROD
12 mm
3,500
kg
65
227,500
10 mm
25,000
kg
65
1,625,000
Cement
4,400
bag
430
1,892,000
Beam & Slab
Sylhet Sand
4,100
cft
55
225,500
Sand
Local Sand
4,800
cft
28
134,400
Stone chips
4,100
cft
160
656,000
C. Aggregate
Brick Chips
14,700
cft
7
102,900
Bricks
Picket
230,000 nos.
7
1,610,000
12 mm
11,400
kg
65
741,000
M.S.ROD
10 mm
11,500
kg
65
747,500
Cement
540
bag
430
232,200
Septic Tank, U.G.W.R. & Stair
Sylhet Sand
1,200
cft
160
192,000
Sand
Local Sand
1,900
cft
28
53,200
C. Aggregate Stone chips
1,980
cft
160
316,800
Bricks
Picket
9,000
nos.
7
63,000
1st class Brick
53,000
nos.
8
424,000
Brick Work
Cement
560
bag
430
240,800
Sand(Local)
3,253
cft
35
113,855
Ceiling Plaster, Inner
Cement
224
bag
430
96,320
& Outer Plaster
Sand(Local)
1,100
cft
28
30,800
Finishing Work:
Floor
35,420
sft
90
3,187,800
Tiles
Wall
4,308
sft
95
409,273
Thai Glass
including labor cost
4,000
sft
300
1,200,000
Issue Managers :
AFC CAPITAL LIMITED
Page | 20

Grill
Door
Distemper
Plastic Paint
Weather Coat
Sealer
Putty
Paint
Total Cost of Construction

Additional cost
Grand total for 03 (three) storied factory building
2,520
10
10
12
15
50
20
sft
nos.
drum
drum
drum
drum
drum
180
8,000
2,500
4,000
5,500
3,200
2,000
=
453,600
80,000
25,000
48,000
82,500
160,000
40,000
31,671,080
479,920
32,151,000
II) Break down of planned Construction of ETP Civil Work are as under: (Capital investment will be made in the existing line
of business)
Detail estimate & BOQ for construction of proposed ETP at Simtex Industries Ltd., Khagan, Birulia, Savar, Dhaka.
Unit Rate
Name of Work (Civil Work)
Item Name
Size
Quantity Unit
Amount (Tk.)
(Tk.)
Earth Cutting
25,729
cft
40
1,029,160
20 mm
22,500
kg
65
1,462,500
M.S. Rod
16 mm
7,005
kg
65
455,325
Cement
2,800
bag
430
1,204,000
Mat Foundation
Sylhet Sand
6,500
cft
55
357,500
Sand
Local Sand
2,500
cft
28
70,000
C. Aggregate
Stone
10,500
cft
135
1,626,750
20 mm
16,200
kg
65
1,053,000
16 mm
1,060
kg
65
68,900
M.S.ROD
12 mm
34,200
kg
65
2,223,000
10 mm
4,500
kg
65
292,500
8 mm
12,033
kg
65
782,145
Shear Wall
Cement
793
bag
430
340,990
Sylhet Sand
1,740
cft
55
95,700
Sand
Local Sand
1,740
cft
28
48,720
C. Aggregate Stone chips
2,960
cft
160
473,600
Brick Chips
850
cft
28
23,800
20 mm
18,600
kg
65
1,209,000
16 mm
9,200
kg
65
598,000
M.S.ROD
12 mm
14,533
kg
65
944,668
10 mm
23,750
kg
65
1,543,750
Cement
3,800
bag
430
1,634,000
Beam & Slab
Sylhet Sand
3,500
cft
55
192,500
Sand
Local Sand
3,900
cft
28
109,200
Stone chips
3,100
cft
160
496,000
C. Aggregate
Brick
10,700
cft
28
299,600
Chips
Bricks
Picket
211,800 nos
7
1,482,600
Total of Construction
20,116,908
Additional cost
516,092
Grand total of 02 (two) storied ETP construction (b)
20,633,000
Grand Total III) = I) + II)
Issue Managers :
AFC CAPITAL LIMITED
52,784,000
Page | 21

B. Plant, Machinery & Equipment:
Sl No.
Descriptions
Yarn Dyeing Machine 1000 kg
- Material: Stainless Steel
- Main tank, Addition tank & Service tank
- Automatic Control: Heating, Cooling
- Controller: DTC- 7700
Option:
- Frequency inverter for liquor pump
(AC90kW/50Hz)
Country of Origin: Korea/China/Taiwan
Option:
- Frequency inverter for liquor pump
(AC55kW/50Hz)
Country of Origin: Korea/China/ Taiwan
Quantity
Unit price
Amount in
USD/ Euro
1 Set
$260,800
$260,800
20,342,400
2 Set
$188,200
$376,400
29,359,200
1Set
$144,700
$144,700
11,286,600
Amount in BDT
Page | 22
Option:
- Frequency inverter for liquor pump (AC30kW/50Hz)
Country of Origin: Korea/China/Taiwan
RF Dryer
- Type "FR 85kW"
- Size and weight: Length 9.0 m., Width 2.4 m., Height
3.3 m., Weight 4,300kg.
- Services required:
Electrical supply -three phased 380 V +/-5%, 50Hz+/2%, or other supply available at the buyer's facility.
Compressed air (eventual)- min. 6 bar
Water (eventual)- min. 1 bar
Steam (eventual)- min. 5 bar
Country of Origin: Italy/Korea/China
Soft Winding Machine
Type: Precision cross-wound package winder
Model: TW2plus-W DIGICONE fastflex
2 TW2plus-W with 120 spindles each
Material: Staple yarns, texured filament yarns
Yarn count: average count Ne 30/1
Supply packages: 1-ply creeling up to 300 mm
diameter
Traverse length: 100-200 mm infinitely variable
Take up package diam.: Maximum 250 mm
Take up tubes: Cylindrical, max. length 230 mm, min.
basic diameter 38 mm (smaller diameters on request)
1 Set
165,600
165,600
17,388,000
1 Set
679,985
679,985
71,398,425
Type of application: Precision dye packages

Country of Origin: Switzerland/China/Taiwan
Issue Managers :
AFC CAPITAL LIMITED
10
Rewinding Machine
Type: Random winder
Model: CW8-W Classic Wind
2 CW8-W with 160 spindles each, total 320
spindles
Material: Staple yarns
Yarn count: average count Ne 30/1
Supply packages: 1-ply creeling up to 220 mm
diameter
Traverse length: 6" (152 mm)
Take up package diam.: Up to 260 mm
Take up tubes: Cylindrical or conical up to 5 57'
conicity, min. length 168 mm, max. length 172 mm,
min. inner diameter 26 mm
Type of application: Rewinding
Country of Origin: Switzerland/China/Taiwan
Waukesha Gas Generator
Model: VHP5904LTD (Extender), Lean Burn
Engine
Low Fuel Pressure System, 900kWe/1125kVA
each continuous power 1000 RPM, 50HZ, 415
Volts, 3 Phases, 0.8 P.F.
Country of Origin: USA/China/Taiwan
Data Color
Brand New DC 650 Spectrophotometer with
Standard accessories
Country of Origin: China/Taiwan
Hydro Extractor
Industrial type Hydro Extractor Machine, BrandChung-Woo, Capacity-40 Inch
Country of Origin: Korea/China
ETP Filter Press, Crane & Others
Country of Origin: China/Taiwan
Total
Installation Charges
Grand Total
2 Set
353,625
707,250
74,261,250
1 Set
$360,000
$360,000
28,080,000
1 Set
$39,000
$39,000
3,042,000
1 Set
$15,800
$15,800
1,232,400
1 Set
each
$72,358
5,643,924
262,034,199
1,410,801
263,445,000
Sd/Ashis Kumar Saha

Issue Managers :
Page | 23
AFC CAPITAL LIMITED

Managing Director

SECTION V: DESCRIPTION OF BUSINESS
Incorporation:
Simtex Industries Limited (SIL) was incorporated in Bangladesh as a Private Limited Company with the issuance
of Certificate of incorporation bearing no. C-67047 (4539)/2007 dated on May 29, 2007 by the Registrar of Joint
Stock Companies & Firms and was converted into Public Limited Company on November 15, 2012.
Inception of commercial operation:
The Company started its commercial operation in 1st July, 2009 with Production capacity of 2.80 million Kgs per
year.
Factory Location:
The factory premise of SIL is located at Khagan, Birulia, Savar, Dhaka-1341, Bangladesh which is an industrial
zone and very near to Dhaka, the capital city of Bangladesh.
Nature of business:
The principal activities and nature of the business of the Company is to carry on a Dyeing & Conning/winding of
sewing thread.
Principal products or services and the market for such product or services:
Our main products and services are,
Section
Sewing Thread
Dyeing
Name of Products
Spun Polyester
Poly Poly Corespun
Textured Polyester (Synthetic Filament Thread)
Bleached Cotton Yarn for Sewing
Cotton Yarn (Only Dyeing) for knitting
Among these threads the Textured Polyester, Spun Polyester and Poly Poly Correspun are predominantly used for
readymade garments products. On the other hand the Cotton Yarn Dyeing service is used more in the Knitting
industry.
These threads are available in various counts. The Textured Polyester is available in 150D Raw White (O-TPM,
80-TPM, 180-TPM and 200-TPM) and 150D Optical White (200-TPM and 80-TPM).
The Spun Polyester is available in 60/2, 60/3, 50/2, 40/2, 40/3, 30/3, 20/2, 20/3, 20/4, 20/6, 20/9, 12/3, etc. varieties
of counts.
Poly Poly Corespun on the other hand is available in the counts of 20/2, 20/3, 20/4 and 40/2.
Other counts of threads are also provided according to the clients requirements. These threads are dyed according
to the Companys shade-book or as per customer requirement.
In addition we also offer re-dyeing service for any leftover excess cones of thread to black.
Issue Managers :
AFC CAPITAL LIMITED
Page | 24

Product or service contributing more than 10% of the Companys total revenues:
Contribution by Products:
According to product category we are serving below percentage
Substrate
Staple Spun Polyester (SSP)
Percentage
96.19%
Page | 25
For SSP specific count contribution below are the counts serving more than 10% of total
Count
50/2
40/2
20/2
20/3
Percentage
34.04%
23.87%
17.48%
13.67%
Name of Associates, Subsidiary/Related Holding Company and their core areas of business:
Simtex Industries Limited (SIL) has no Associates, Subsidiary/Related Holding Company.
Distribution of the products or services
On receiving the orders from its customers, Simtex Industries Limited (SIL) manufactures the products and
supplies them to the customers destination as per their requirements. As a deemed exporter the Company supplies
those products to the main exporter companies factory site.
Competitive conditions in the business
In Bangladesh a number of firms are engaged in Dyeing and Conning Industries since Bangladesh is one of the
prime sources of knit fabrics in the world. Major competitors:
1. Coats Bangladesh Limited;
2. American & Efird (Bangladesh) Limited;
3. Etafil (Bangladesh) Limited;
4. Well Thread Limited;
5. KDS Accessories Limited.
Sources and availability of raw materials and the names of the principal suppliers
Main raw materials of the SIL are yarn, dyes and chemicals, which the Company procures from overseas market.
The Company has some trusted suppliers of its raw materials. Some examples are given below:
SL
1.
3.
4.
Name of Supplier
Artway Enterprise Limited
Hubei Mingren Dongfang Industry & Trade
Co., Ltd.
Hubei Zerun Company Limited
Thaiman Industries Co., Ltd.
5.
Clariant International Ltd.
6.
Dystar Singapore Pte. Ltd.
7.
Rainbow Chemical Co., Ltd.
2.
Issue Managers :
AFC CAPITAL LIMITED
Address
Dalian, China. 35917798
Product
Grey / Optical white Yarn
Wuhan, Hubei, China
Hanchuan, Hubei, China12554

Rajburana, Bangkok, Thailand
Rothausstrasse 61, CH-4132,
Muttenz 1, Switzerland
1A International Business Park #1001, Singapore 609933.
No. 9, Lane 105, Cheng Fu Road,
San Xia Dist., New Taipei City
23743, Taiwan.

Filament Yarn
Dyestuff
Dyestuff
Chemical (Leveling Agent)

Sources of, and requirement for, power, gas and water; or any other utilities
Power:
Company has both REB connections and Generators. Two diesel driven generator and two gas driven generators of
3800 KVA capacities are used to avoid interruption of power supply.
Water:
Presently, SIL maintain the standard purity and hardness of the water; we are using Iron free soft water below 2
ppm hardness. To ensure constant supply of Iron free soft water we have the facility of a modern 130 m3/hr WTP
(Water Treatment Plant).
GAS:
SIL has the connections of Titas Gas Transmission and Distributions Co. Limited with the capacity of 15 PSI which
sufficiently meets the requirements of the Company.
Names of customers who purchase 10% or more of the Companys products/services
There is no customer who purchase 10% or more of the Companys products.
Description of any contract with its principal suppliers and customers
The Company has not entered into any contract with any of its suppliers or customers.
Description of any material patents, trademarks, licenses or royalty agreements
The Company neither obtained any patent right/trademarks nor signed any royalty agreement with any party,
though the Company has the following licenses necessary for business operations:
1. Trade License;
2. Special Bonded Warehouse License.
Number of total employees and number of total full-time employees
During the year under review, the number of employees stands at 694 and each Employee has been receiving total
remuneration of Tk. 63,600/= and above per annum. There was no part-time employee in the Company during the
year under audit.
Production or services rendering capacity and current utilization
Particulars
Total Production Capacity in cones
Capacity Utilization in cones
Capacity Utilization for the year
Issue Managers :
AFC CAPITAL LIMITED
2012-2013
Cones
30,000,000
19,572,608
65.24 %
(As per audit report)

2013-2014
Cones
37,500,000
26,526,703
70.74%
Page | 26

SECTION VI: DESCRIPTION OF PROPERTY
A. The Company has following fixed assets as on June 30, 2014:

PARTICULARS
Factory:
Land & Development
Building & Fabricated Shade
Plant and Machinery
Trolly
Gas and Electrical Line
Electrical Equipment
Spare Parts & Tools
Furniture and Fixture
Sub Total
Office
Transport & Vehicles
Office Equipment
Shade Book
Int Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
W. D. V As on 30.06.14
210,940,700
151,247,741
273,107,333
33,242
4,054,714
39,063,206
21,963,037
2,658,244
703,068,217
37,032,658
7,194,119
6,923,370
44,493
36,325
2,862,461
80,924
364,162
54,538,511
757,606,729
B. The entire above mentioned asset are located at the Companys factory premises at Khagan, Birulia,
Savar, Dhaka-1341.
C. All the assets of the Company are in its own name.
D. 276.24 Decimals land along with 3 nos. of Buildings (One fabricated building with mezzanine floor of 2
storied building; one of 3 storied building and one of 2 storied building) are mortgaged to Trust Bank
Limited as collateral for long term loan.
E. All the assets are in good condition. All the plants and machineries are brand new. Only following
machineries are re-conditioned.
Sl. No.
Name of Machineries
Quantity
1
Yarn Dyeing Machine
30 Sets
2
Tube Steam Boiler
01 Set
3
Soft Winding Machine
06 Sets
4
Re-Winding Machine
06 Sets
5
Cone Preparation Machine
01 Set
6
Cone Pressure Machine
01 Set
7
Screw Type Air Compressor Machine
01 Set
8
IR Colour Lab Machine
02 Sets
9
Lab Dryer Machine
01 Set
10
Water Bath Machine for Yarn Dyeing Machine
02 Sets
11
Type Hydro Extractor Machine
01 Set
Issue Managers :
AFC CAPITAL LIMITED
Page | 27

12
13
14
15
16
Lathe Machine
Cutting Machine
Milling Machine
Drill Machine
Overhead Travelling Crane
03 Sets
01 Set
01 Set
05 Sets
03 Sets
Page | 28
F. Description of Land:
SL. No.
1.
2.
3.
4.
5.
Issue Managers :
Location
Ashulia, Savar
Birulia, Savar
AFC CAPITAL LIMITED
Deed No.
10778
686
10777
4367
35953
Total
Mouza
Basaid
Khagan
RS Khatian
41 & 78
41 & 78
41 & 78
123, & 36
123, 133 & 8
Area in
Decimal
34 Decimal
5 Decimal
43 Decimal
83.25 Decimal
110.99 Decimal
276.24 Decimal

SECTION VII: PLAN OF OPERATION AND DISCUSSION OF FINANCIAL CONDITION
(1) Internal and external sources of cash:

Particulars
Internal Sources of Cash
Share capital
Reserve & Surplus
Retained Earnings
Total
External Sources of Cash
Long Term Loans
Total
Grand Total
30-Jun-14
30-Jun-13
30-Jun-12
287,500,000
103,668,899
165,901,062
557,069,961
250,000,000
103,668,899
107,561,692
461,230,591
100,000,000
62,543,740
178,522,256
341,065,996
477,112,753
477,112,753
1,034,182,714
453,575,748
453,575,748
914,806,339
393,691,134
393,691,134
734,757,130
(2) Any material commitments for capital expenditure and expected sources of funds for such expenditure:
There was a capital expenditure commitment under L/C no. 35-14 of Trust Bank Limited, Millennium
Corporate Branch, value USD 60,000 against import of machineries.
(3) Causes for any material changes from period to period in income, cost of goods sold, other operating
expenses and net income: The Companys revenue and other income as well as operating expenses and net
income have continued to change due to increasing business volume.
(As per Audited Accounts)
Particular
Turnover
Less: Cost of Goods sold
Gross Profit
Less: Operating Expenses
Profit from operations
Less: Financial Expenses
Add: Other Income
Net Profit before Tax
Workers Profit Participation Fund
Net Profit before Tax & WPPF
Provision for Taxation
Net Profit after Tax
30-Jun-14
1,359,191,916
1,051,808,398
307,383,518
30,821,504
276,562,014
145,299,477
1,873,049
133,135,586
6,339,790
126,795,796
30,956,426
95,839,370
30-Jun-13
1,131,544,681
875,120,636
256,424,045
27,785,867
228,638,178
129,000,886
99,637,292
4,744,633
94,892,659
14,762,987
80,129,672
30-Jun-12
981,122,530
762,869,967
218,252,563
25,437,593
192,814,970
105,345,204
10,018
87,479,784
87,479,784
16,074,564
71,405,220
(4) Any seasonal aspects of the Companys business

No seasonal aspects can adversely affect the business of SIL.
(5) Any known trends, events or uncertainties that shall have a material effect on the Companys future
business
At present there are no known trends, events and/or uncertainties that shall have a material impact on the
Companys future business except for those which are naturally beyond control of human being.
(6) Any change in assets of the Company used to pay off any liabilities
None of the operating assets of the Company has been disposed off to liquidate any liabilities of the Company.
Issue Managers :
AFC CAPITAL LIMITED
Page | 29

(7) Any loan taken by the Issuer from its Holding/Parent Company or Subsidiary Company or loan given
to aforesaid Company:
The Company did not take any loan from its Holding/Parent Company or Subsidiary Company or give to
aforesaid.
(8) Any future contractual liabilities the Company might enter into within next one year, and the impact:
The Company has no plan to enter into any contract creating future liabilities for the Company except for
those which are created in the normal course of business activities.
(9) Future capital expenditure:
The Company does not have any plan for future capital expenditure except for those mentioned in the Use of
IPO Proceeds section above in this prospectus.
(10) Any VAT, Income Tax, Customs Duty or other tax liability including any contingent liabilities:
(i) VAT: There is no VAT Liability of the Company as on 30 June, 2014.
(ii) Income Tax: Year wise Income Tax status of the Company is depicted below:
Accounting year
Assessment Year
2009-2010
2010-2011
2010-2011
2011-2012
2011-2012
2012-2013
2012-2013
2013-2014
2013-2014
2014-2015
Assessment Status
As per certificate given by DCT of Company Circle-6, Taxes Zone-2, Dhaka dated 02/03/2011
the Companys income tax case has been settled under Universal Self Assessment.
As per certificate given by DCT of Company Circle-6, Taxes Zone-2, Dhaka dated 28/11/2011
the Companys income tax case has been settled under Universal Self Assessment.
As per certificate given by DCT of Taxes Circle-30 (Companies), Taxes Zone-2,

Dhaka dated 07/01/2014 the assessment of the Company has been completed for the
assessment year 2012-2013.
As per certificate given by DCT of Taxes Circle-30 (Companies), Taxes Zone-2,
Dhaka dated 24/7/2014 the Company has submitted the return for the assessment year
2013-2014 and the assessment is under process of disposal.
Tax return submitted and assessment under process.
(iii) Customs Duty: There is no custom duty of the Company as on 30 June, 2014.
(11) Any Operating Lease the Company has entered into during the last five years:
There is no operating lease agreement the Company has entered into during the five years preceding the
issuance of the prospectus.
(12) Any Financial commitment, including lease commitment, the Company had entered into during the past
five years:
Lessor
Purpose of Lease
Period of Lease
IIDFC
IIDFC
RFL
RFL
RFL
RFL
RFL
TBL
TBL
Import of Machinery
Car Purchase
Car Loan (Delivery Van)
Car & Machineries
Toyota Hard Jeep
Toyota Allian
Car Loan
HPSM-Capital Machinery
Import Machinery
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
6 Years
5 Years
Issue Managers :
AFC CAPITAL LIMITED
Monthly Amortization
/Rental Size (Tk.)
900,792
43,199
72,325
1,015,740
207,525
56,935
223,463
10,297,138
100,098
Effective Date
11.11.2012
Feb-2011
03.06.2010
16.04.2012
01.11.2012
May-2011
10.11.2013
September-2013
June-2014
Expiration Date
Fully Paid
November, 2018
September-2019
June, 2019
Page | 30

(13) All Personnel related Schemes:
The Company has established a profit participation fund for the welfare of its workers. The Company has
decided that they will establish group insurance.
(14) Break down of all expenses connected with the public issue:
Sl.
No.
A.
1
2
B.
3
4
5
6
C.
7
8
D.
9
10
E.
11
12
13
14
15
F.
16
17
18
19
20
21
22
Particulars
Basis
MANAGERS TO THE ISSUE FEES

Managers to the Issue fee (AFCCL-Tk. 10.00 Lac
1% of public offering, Maximum
& ICL-Tk. 10.00 Lac)
2,000,000 (Twenty Lac)
VAT against Issue Management Fees
15% of issue management fees
FEES RELATED TO LISTING WITH THE STOCK EXCHANGES
Prospectus Submission Fee to DSE
Fixed
DSE and CSE Annual Fee
Fixed
@ 0.25% on Tk. 10 Crore and 0.15% on
the rest amount of paid up capital range;
Fees related to Listing with the stock exchanges
(minimum 10 thousand maximum Tk. 20
Lac for each exchanges)
DSE and CSE Service Fee
Fixed
BSEC FEES
Application fee
Fixed
Consent fee
fee @ 0.15% on entire offer
IPO RELATED FEES
Commission @ 0.30% on Underwritten
Underwriting commission (0.30%)
Amount
Auditors Certification fees
At Actual
CDBL FEES AND EXPENSES
Security Deposit
At Actual
Documentation fee
At Actual
Annual fee
At Actual
Connection Fee (TK. 500 per month* 12)
At Actual
@ 0.0175% of issue size + 0.0175% of
Initial Public Offering fee
Pre-IPO paid up capital
PRINTING AND POST PUBLIC OFFER EXPENSES
Publication of prospectus
Estimated (to be paid at actual)
Abridge Version of Prospectus and Notice in 4
daily news paper
Notice for prospectus, Lottery, Refund etc .in 4
daily news paper
Lottery related expenses including BUET fee
Data Processing and Share Software Charge
Courier Expenses
Administrative & Stationary Expense
Grand Total
Amount in BDT (approx.)

2,300,000
2,000,000
300,000
2,137,500
5,000
160,000
1,962,500
10,000
910,000
10,000
900,000
1,000,000
900,000
100,000
711,313
500,000
2,500
100,000
6,000
102,813
11,441,187
750,000
400,000
200,000
800,000
8,850,000
200,000
241,187
18,500,000
N.B.: Actual costs will vary if above mentioned estimates differ and will be adjusted accordingly.
Issue Managers :
AFC CAPITAL LIMITED
Page | 31

(15) Information regarding revaluation of assets:
The Company made revaluation of its land and land developments at the end of current period to reflect fair
value of the property in terms of the prevailing market price of the properties. ATA KHAN & CO, Chartered
Accountants, 67 Motijheel C/A, Dhaka-1000, have revalued the Land and Land Developments of the
Company as of 31 December, 2012, showing total value of the same as Tk. 200,492,000.00, resulting in a
revaluation surplus of Tk. 103,668,899.00.
Summary of the Revaluation Report:
Particulars of the assets
Land & Land Development
Amount in Taka
Name of the
Valuer
Qualification
of the Valuer
Date of
Revaluation
Carrying
amount of
Assets
Value of
Assets after
revaluation
Revaluation
Surplus
ATA KHAN &

CO.
Total
Chartered
Accountants
31 December,
2012
96,823,101
200,492,000
103,668,899
96,823,101
200,492,000
103,668,899
Reason for Valuation: To reflect fair value of the property in terms of the prevailing market price of the
properties.
Ata Khan & Co., Chartered Accountants was founded by Mr. Ata Uddin Khan FCA in before liberation
period. Mr. Khan was a former State Minister of the Government of Bangladesh. Ata Khan & Co. has also two
other partners-Mr. GM Munir FCA and Mr. Maqbul Ahmed FCA. Mr. Maqbul Ahmed FCA is the partner-incharge of Management Services Division that includes valuation services.
Work done by Ata Khan & Co.:
Following is a list of the major works done previously by Ata Khan & Co.:
Name of the Company
Golden Harvest Agro Industries Ltd.
Assets revalued
Orion Pharma Ltd.

Bangladesh Thai Aluminum Ltd.
Borak Real Estate Ltd.
Shamsul Alamin Real Estate Ltd.
Rupayan Housing Estate Ltd.
Land, Building
and Plant &
Machinery
Name of the Company

Seafood and Fish Processing Ltd.
Westin Hotel (Unique Hotel & Resorts
Ltd.)
Dhaka Shanghai Ceramic Ltd.
Navana Real Estate Ltd.
Assets revalued
Land & Building
Land
Building
(16) Transaction between Holding/subsidiary/associate Company and the Issuer within the last five years:
There is no transaction between holding/subsidiary/associate Company and the Issuer within the last five
years.
Issue Managers :
AFC CAPITAL LIMITED
Page | 32

(17) Auditors certificate regarding any allotment of shares to the directors and subscribers to the
Memorandum of Association and Articles of Association for any consideration otherwise than for cash
This is to certify that paid-up capital of Simtex Industries Ltd. as of 4 March 2014 was Tk. 287,500,000.00
divided into 28,750,000 ordinary shares of Tk. 10.00 each. Details of allotment and mode of allotment are as
follows:
Year of Allotment
First as part Memorandum
Second in 30.04.2009
Third in 15.12.2009
Fourth in 30.11.2010
Fifth in 27.10.2011
Sixth in 15.09.2012
Seventh in 03.03.2014
Mode of Allotment
Cash
Cash
Cash
Other Than Cash
Cash
Bonus Share
Bonus Share
Total
Amount (Tk.)
6,000,000
8,000,000
36,000,000
49,950,000
50,000
150,000,000
37,500,000
287,500,000
The company has changed the face value of its ordinary share from Tk. 100.00 to Tk. 10.00 by passing a
special resolution in its extra ordinary general meeting held on 23 March 2011 and necessary amendments in
capital clause of the Memorandum and Articles of Association where made accordingly. Thus, the paid up
capital of the company comes to Tk. 287,500,000.00 divided into 28,750,000 ordinary shares of Tk. 10.00
each.
Dhaka
Dated: March 18, 2014
Sd/AHMED ZAKER & CO.

(18) Declaration regarding suppression of material information

This is to declare that to the best of our knowledge and belief no information, facts, circumstances, that are
material have not been suppressed that can change the terms and conditions under which the offer has been
made to the public.

Managing Director
Issue Managers :
AFC CAPITAL LIMITED
Page | 33

SECTION VIII: DIRECTORS AND OFFICERS
(1) Name, age, qualification, experience and position of all Directors of the Company:
SL
1.
2.
3.
4.
5.
Name
Mahfuza Rahman
Md. Siddiqur Rahman
Md. Ensan Ali Sheikh
Hafiza Khanam
Uzzal Kumar Nandi
Age
42
47
57
43
34
Qualification
B.A.
MBA, ACBA (IBA), FCS
B.Sc.
B.Sc. (Hons), M.Sc.
MBA, FCA
Experience
14 Years
25 Years
14 Years
11 Years
13 Years
Position
Chairman
Managing Director
Director
Director
(2) Information regarding Directors and Directorship:

SL
1
2
3
4
5
Name
Mahfuza Rahman
Md. Siddiqur Rahman
Hafiza Khanam
Uzzal Kumar Nandi
Designation
Chairman
Managing Director
Director
Director
Date of Becoming
Director for the 1st time
30.04.2009
29.05.2007
27.10.2011
27.10.2011
15.10.2013
Date of Expiration of
Current term
8th AGM
9th AGM
8th AGM
9th AGM
9th AGM
(3) Involvement of Directors in other organization

SL.
1
2
3
4
5
Involvement
Name of Company
Position
Mahfuza Rahman
Chairman
Simtex Bangladesh Limited
Managing Director
Simtex Bangladesh Limited
Director
Md. Siddiqur Rahman Managing Director
FAS Finance & Investment Ltd.
Director
Director
Director
Hafiza Khanam
Uzzal Kumar Nandi
Independent Director FAS Finance & Investment Ltd.
Nominee Director
Name
Position in SIL
(4) Family Relationship among Directors and top five officers:

SL No
1
2
3
4
5
6
7
8
9
10
Name of Directors
Mahfuza Rahman
Md. Siddiqur Rahman
Hafiza Khanam
Position
Chairman
Managing Director
Director
Director
Uzzal Kumar Nandi
Md. Abul Shahjahan

Imran Choudhury
Ashis Kumar Saha
Amal Krishna Das
Md. Emdad Ali Mina
Executive Director
General Manager
DGM- R & D
DGM- Mkt. & Sales
Issue Managers :
AFC CAPITAL LIMITED
Relationship
Wife of Mr. Md. Siddiqur Rahman
Husband of Mrs. Mahfuza Rahman
Elder brother of Md. Siddiqur Rahman
Elder sister of Mrs. Mahfuza Rahman
No family relationship with other Directors
Page | 34

(5) Short bio-data of each director:
Mahfuza Rahman
Chairman, Simtex Industries Limited
Mrs. Mahfuza Rahman, Chairman of Simtex Industries Limited and Managing Director of Simtex Bangladesh
Limited. She is an energetic and well educated business woman and wife of Mr. Md. Siddiqur Rahman, the
Managing Director of the Company. Mrs. Rahman is actively participating many areas with her husband as the
Chairman of the Company. She is a life member of Dhanmondi Club Limited, Gulshan Health Club and
associated with various cultural and humanities organizations.
Md. Siddiqur Rahman
Managing Director, Simtex Industries Limited
Mr. Md. Siddiqur Rahman is the Managing Director of Simtex Industries Limited and Director of Simtex
Bangladesh Limited. He completed his Masters in Business Administration and completed his ACBAAdvance Certificate in Business Administration from IBA-Institute of Business Administration under the
University of Dhaka. He is also an FCS i.e, a Fellow member of The Institute of Chartered Secretaries of
Bangladesh (ICSB). Besides Mr. Rahman hold a Post-Graduation Diploma in Financial Management and got
wide experience in different private and public limited companies as well as non-Banking Financial
Institutions before he started his business career in the year 2001. Mr. Rahman is a dynamic professional
businessman with more than 14 years of business experience. After a long and wide on job experience, Mr.
Rahman establish his first venture Simtex Bangladesh Limited in end 2000 which went into commercial
operation beginning of 2001 and since then by the dint of his dynamic leadership and excellent
entrepreneurship, he achieved a massive expression in his business ventures both vertically and horizontally.
He is also a donor member of Uttara Club Limited, All Community Club Limited and life member of Gulshan
Health Club, Dhanmondi Club Limited and Army Gulf Club.
In his service life, he was awarded several times. Mr. Rahman has brilliant academic career and securing
scholarships in many public level examinations. He is widely travelled persons and visited many countries of
the world for business purpose. The incredible talents of Mr. Rahman help the Company to position the 2nd
largest sewing thread Company in Bangladesh.
Director, Simtex Industries Limited
Mr. Md. Ensan Ali sheikh is one of the Director of Simtex Industries Limited. Mr. Ensan completed his
graduation in science under Rajshahi University. He is a man of wisdom and energetic business man. Mr.
Ensan is also involved with different social and charitable organizations.
Issue Managers :
AFC CAPITAL LIMITED
Page | 35

Hafiza Khanam
Director, Simtex Industries Limited
Mrs. Hafiza Khanam has a hidden and inbuilt desire to do the business by her quality. Her high education and
professional qualification have encouraged her to own the business. She completed her Bachelors and
Masters under the University of Dhaka. She also completed her LLB and currently responsible for legal and
compliance matter of the Company. Besides her business areas, Mrs. Hafiza Khanam is a social entrepreneur
which has given her an opportunity to grow and make a difference in social life in which she lives.
Uzzal Kumar Nandi

Independent Director, Simtex Industries Limited
Mr. Uzzal Kumar Nandi FCA is a Consultant on Accounting, Company law and Tax. He did his MBA and
BBA majoring Accounting from the University of Dhaka. After having recognized post graduate degree he
qualified CA in one chance under The Institute of Chartered Accountants of Bangladesh (ICAB), under the
direct supervision of Dr. Jamaluddin Ahmed (FCA), Partner Hoda Vasi Chowdhury & Co. Being a Chartered
Accountant he passed CT1-Financial Mathematics, under the Institute and Faculty of Actuaries, UK.
He was the CFO of Golden Life Insurance Limited and Industrial and Infrastructure Development Finance
Company Limited. By his dynamic and hard working personality, he enriched with tremendous knowledge in
accounting related to planning, coordination and overall supervision of consulting, taxation, secretarial
matters, auditing and assurance assignments, drafting audit reports and finalizing financial statements of the
audited entities.
In addition, he is a member of Board of Studies, Professional Development Committee and Article Student
Committee of ICAB.
(6) CIB Information
Neither the Company nor any of its directors and shareholders who holds 5% or more shares in the paid up
capital of the Issuer is loan defaulter as per the CIB report of the Bangladesh Bank.
(7) Name with position, educational qualification, date of joining in the Company, last five years experience
of the CEO, CFO, CS, Advisors, Consultants, Additional and Deputy MD and all Departmental Heads:
Name
Md. Siddiqur Rahman
Md. Abul Shahjahan
Ashis Kumar Saha
Prantush Chandra Shaha
Imran Choudhury
Md. Sazzad Hossain LSDC
Major (Retd.) Ahmudul Islam
Md. Emdad Ali Mina
Amal Krishna Das
Md. Mijanur Rahman
Mandal & Company
Issue Managers :
Position
Educational Qualification
Managing Director
Executive Director

M.Com (DU)
Date of
Joining
29.05.2007
17.01.2014
M.Com (Accounting)
29.05.2007
Experience
23
43
Last 5 years
experience
SIL
SIL, MBL, JBL
10
SIL
SIL, BDG, Rupali Life
Insurance
Company Secretary
M.Com, ACS
01.09.2013
10
GM-Marketing & Sales
MBA (Marketing, Trinity University,

USA)
29.05.2014
28
GM-Operation
M.Sc. (Chemistry), MBA
07.04.2012
21
SIL, East West

Textile Mills Ltd.,
Arkay Group
SIL, Coats
GM-HR, Admin & Compliance
MBA (HRM)
07.03.2015
SIL, Masco Group, Chaity

Group, Nassa Group
DGM-Mkt. & Sales
MBA (Finance)
BSc (Hons), MSc (App. Chem. &
Chemical Technology), MBA
B.A (Pass)
30.04.2012
15
SIL, COMO Group
01.06.2010
18
SIL, Opsonin Chemical

Division Ltd.
29.05.2007
29.05.2007
17
-
SIL
-
DGM-R&D
Sr. ManagerCommercial
Tax Consultants
AFC CAPITAL LIMITED
Page | 36

SECTION IX: INVOLVEMENT OF DIRECTORS AND OFFICERS IN CERTAIN LEGAL
PROCEEDINGS
None of the Directors or Officers of Simtex Industries Limited was involved in any of the following types of legal
proceedings in the last 10 (ten) years:
a. Any bankruptcy petition filed by or against any Company of which any officer or director of the Issuer
Company filing the prospectus was a director, officer or partner at the time of the bankruptcy.
b. Any conviction of director, officer in a criminal proceeding or any criminal proceeding pending against
him.
c. Any order, judgment or decree of any court of competent jurisdiction against any director, officer
permanently or temporarily enjoining, barring, suspending or otherwise limiting the involvement of any
director or officer in any type of business, securities or banking activities.
d. Any order of the Bangladesh Securities and Exchange Commission, or other regulatory authority or
foreign financial regulatory authority, suspending or otherwise limiting the involvement of any director or
officer in any type of business, securities or banking activities.
SECTION X: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
The auditor has certified that following related party transactions was made in accordance with BAS-24 in their
audit report (Note 2.14) which is as follows:
NAME
Mr. Md. Siddiqur Rahman
Mrs. Mahfuza Rahman
Mrs. Hafiza Khanam
Mr. Md. Ensan Ali Sheikh
TYPE OF TRANSACTION
Managing Director Remuneration
Director Remuneration
Share Purchase
AMOUNT (TK.)
600,000
600,000
780,000
750,000
54,192,361
Except the above the Company neither entered into any transaction nor proposed any transaction during the last 02
(two) years between the Issuer and any of the following persons:
a.
b.
c.
d.
Any director or executive officer of the Issuer;

Any director or officer;
Any person owning 5% or more of the outstanding shares of the Issuer;
Any member of the immediate family (including spouse, parents, brothers, sisters, children and in-laws) of any
of the above persons;
e. Any transaction or arrangement entered into by the Issuer of its subsidiary for a person who is currently a
director or in any way connected with a director of either the Issuer Company or any of its subsidiaries/holding
Company or associate concerns, or who was a director or connected in any way with a director at any time
during last three years prior to issuance of the Prospectus.
f. The Company did not take or give any loan from or to any Director or any person connected with any Director
nor did any Director or any person connected with any Director.
g. Any director holding any position, apart from being a director in the Issuer Company, in any Company,
society, trust, organization, or proprietorship or partnership firm is already disclosed in involvement of
directors with other organizations.
h. There were no facilities whether pecuniary or non-pecuniary enjoyed by the Directors except remuneration as
mentioned in executive compensation part of the prospectus.
Issue Managers :
AFC CAPITAL LIMITED
Page | 37

SECTION XI: EXECUTIVE COMPENSATION
(a) Remuneration paid to the top five salaried officers in the last accounting year and the name &
designation of each:
SL
1.
2.
3.
4.
5.
Name
Md. Siddiqur Rahman
Md. Abul Shahjahan
Amal Krishna Das
Md. Emdad Ali Mina
Mir Monir Hossain Liton
Designation
Managing Director
Executive Director
DGM-R&D
DGM- Mkt. & Sales
AGM- Marketing & Sales
Remunerations paid (Tk.)

600,000
720,000
727,200
630,000
649,800
(b) Aggregate amount paid to all directors and officers as a group during the last accounting year:
(As per audit report)
Remunerations paid to
Directors
Officers
Amount in Tk.
2,868,000
9,045,959
(c) Remuneration paid to director who was not an officer of the Company during the last accounting year:
The Company did not pay any remuneration any director who was not an officer of the Company during the
last accounting year.
(d) Any contract with any director or officer providing for the payment of future compensation:
The Company has not entered into any contract with any of its Directors or Officers for any future
compensation packages.
(e) Any Plan to substantially increase remunerations/salaries of Officers and Directors
The Company does not have any plan to substantially increase remuneration to Officers/Directors except usual
increase in salaries & allowances and in line with the performance achieved by individuals.
SECTION XII: OPTIONS GRANTED TO DIRECTORS, OFFICERS AND EMPLOYEES
The Company has no options granted to Directors, Officers or any other employees of the Company or to any other
person who was not involved in the Company.
SECTION XIII: TRANSACTIONS WITH THE DIRECTORS AND SUBSCRIBERS TO THE
MEMORANDUM
The Directors and subscribers to the memorandum have not received any benefits except remuneration and
board meeting fees (in note 22.00 of the audited accounts) amount received by the directors, directly or
indirectly during the last five years. The Issuer also has not received any assets, services or other
considerations from its Directors and subscribers to the memorandum except fund against allotment of shares.
The Company purchased land of 83.25 decimals from Mr. Md. Siddiqur Rahman who is Presently Director &
Managing Director and also Mrs. Mahfuza Rahman who is presently Chairman of the Company in 2010. SIL
paid 499,500 ordinary shares of Tk. 100.00 each totalling Tk. 49,950,000.00 to Mr. Md. Siddiqur Rahman and
Mrs. Mahfuza Rahman against the land. The transaction was made at a competitive market price. Among
83.25 decimals of land, 60.25 decimals of land was transferred within two years. The cost of the said land was
Tk. 2,258,000.00.
Issue Managers :
AFC CAPITAL LIMITED
Page | 38

SECTION XIV: TANGIBLE ASSETS PER SHARE
Net Tangible Asset backing per unit of the securities being offered as at June 30, 2014:
Particulars
Non-Current Assets (A)
Current Assets (B)
Current Liabilities (C)
Non-Current Liabilities (D)
Deferred Tax Liability (E)
Net Assets (F=A+B-C-D-E)
Number of Shares (G)
Net Tangible Assets Value Per Share (H=F/G)
Issue Managers :
AFC CAPITAL LIMITED
Amount in Taka
762,317,115
619,327,113
316,729,209
477,112,753
24,443,711
563,358,556
28,750,000
19.60
Page | 39

SECTION XV: OWNERSHIP OF THE COMPANYS SECURITIES
(1) Ownership of the Companys securities

SL
Name
Address
Md. Siddiqur Rahman
Mahfuza Rahman
Md. Shafiquzzaman
Md. Zahangir Alam

Maj. (Retd.) Md. Nazmus
Sakeve Jugbhery
5
6
Neaz Rahman Shaqib
Istiaq Rahman Imran
Mrs. Amina Sultana Daisy
Jannatul Maua
10
11
Hafiza Khanam
12
Abu Hassan
13
Md. Abdus sattar
Flat No. C-2, House No. 5, Road No. 4, Sector-6, Uttara,

Dhaka-1230.
Dhaka-1230.
Flat No. AX-1 (1st Floor), Crystal Garden, 42, Siddeswari,
Dhaka.
Flat No. 2C, Golf Height-1, Banani, Dhaka.
House No. 12 (3rd Floor), Road No. 19, Sector-14, Uttara,
Dhaka-1230.
Dhaka-1230.
Dhaka-1230.
Dhaka-1230.
KA, 62/1, Samata Habib Garden, 4th Floor, Flat-5-D,
Shahzadpur Gulshan, Dhaka.
Vill: Kaliamegha, P.O-Boulpur, PS: Morrelgong, Dhaka.
Dhaka-1230.
KA, 62/1, Samata Habib Garden, 4th Floor, Flat-5/D,
Shahzadpur Gulshan, Dhaka.
KA, 23/1, Shahzadpur, South Para Gulshan, Dhaka.
Total
Position
No. of
Shares Held
% of
Holdings
Director
14,909,750
51.86%
Director
2,127,500
7.40%
Shareholder
143,750
0.50%
Shareholder
437,000
1.52%
Shareholder
437,000
1.52%
Shareholder
1,380,000
4.80%
Shareholder
1,380,000
4.80%
Shareholder
1,265,000
4.40%
Shareholder
1,380,000
4.80%
Director
1,265,000
4.40%
Director
1,265,000
4.40%
Shareholder
1,380,000
4.80%
Shareholder
1,380,000
28,750,000
4.80%
100.00%
(2) Securities Owned by each Director

SL
1.
2.
3.
4.
5.
Name
Mahfuza Rahman
Md. Siddiqur Rahman
Hafiza Khanam
Uzzal Kumar Nandi
Position
Chairman
Managing Director
Director
Director
Total
No of Shares Held
2,127,500
14,909,750
1,265,000
1,265,000
19,567,250
% of Holdings
7.40%
51.86%
4.40%
4.40%
68.06%
(3) List of Sponsors/Directors and/or Shareholders who hold 5% or more shares of the Company:
SL
1.
2.
Name
Mahfuza Rahman
Md. Siddiqur Rahman
Position
Chairman
Managing Director
No of Shares held
2,127,500
14,909,750
%
7.40%
51.86%
Except for those shown in the above list, no directors or shareholders individually hold 5% or more shares of the
Companys paid up capital.
Issue Managers :
AFC CAPITAL LIMITED
Page | 40

(4) Securities owned by the Officers of the Company
There is no officer holding any securities of the Company except Managing Director.
(5) Post IPO Shareholding by the Sponsors/Directors
Details
No of Shares
58,750,000
Post IPO Share Capital

SL
1
2
3
4
5
Name
Mahfuza Rahman
Md. Siddiqur Rahman
Hafiza Khanam
Position
Chairman
Managing Director
Director
Director
Uzzal Kumar Nandi

Total
No of Shares Held
2,127,500
14,909,750
1,265,000
1,265,000
19,567,250
Amount (Tk.)
587,500,000
% of Holdings
3.62%
25.38%
2.15%
2.15%
33.31%
NB: Post IPO capital structure of the Sponsors/Directors complies with the requirements as imposed by the
Bangladesh Securities and Exchange Commission vide Notification No. SEC/CMRRCD/ 2009-193/119/Admin/34,
dated November 22, 2011.
Issue Managers :
AFC CAPITAL LIMITED
Page | 41

SECTION XVI: DETERMINATION OF OFFERING PRICE
The issue price at Tk. 20.00 each including a premium of Tk. 10.00 per share is justified as details below:
Particulars
Method 1: Net Asset Value (NAV) per share/Equity based value per share
1 (a) Price based on Net Asset Value per share (with Revaluation Reserve)
1 (b) Price based on Net Asset Value per share (without Revaluation Reserve)
Method 2: Historical Earnings based value per share
2: Earnings based Value per share based on Overall Market P/E
Method 3: Average of Net Asset Value (NAV)/Equity based value per share (with Revaluation
Reserve preceeding two years)and Historical Earnings based value per share
Amount (in Tk.)

19.60
15.99
33.06
25.61
Calculation of Methodologies
Method 1: Share price on Net Asset Value (NAV)/Equity based value per share
1 (a) Price based on Net Asset Value per share/Equity based Value (with Revaluation Reserve)
Sl. No.
Particulars
a)
Share Capital
b)
Revaluation Reserve
c)
Gain/(Loss) on Marketable Securities (Unrealised)
d)
Retained Earnings
Total Shareholders' Equity
Number of Shares
Net Asset Value per share
Amount (in Tk.)

287,500,000
103,668,899
6,288,594
165,901,062
563,358,556
28,750,000
19.60
1 (b) Price based on Net Asset Value per share/Equity based Value (without Revaluation Reserve)
Sl. No.
Particulars
a)
Share Capital
b)
c)
Retained Earnings
Number of Shares
Amount (in Tk.)

287,500,000
6,288,594
165,901,062
459,689,657
28,750,000
15.99

Average Price Earnings of Market & Sectoral
Month
Sectoral
Feb-15
12.58
Mar-15
11.95
Apr-15
10.53
Average
11.69
Considering Lesser P/E of 11.69 & 16.11 is 11.69
Source: DSE Monthly Review.
Issue Managers :
AFC CAPITAL LIMITED
Market
17.39
16.52
14.42
16.11
Page | 42
Year
No. of Share
Net Profit after

tax
Weight of No. of Shares
5,000,000
27,926,341
30-Jun-10
9,995,000
79,190,695
30-Jun-11
10,000,000
71,405,220
30-Jun-12
25,000,000
80,129,672
30-Jun-13
28,750,000
95,839,370
30-Jun-14
Total
78,745,000
Number of Shares
Diluted EPS based on weighted Average of Net Profit after Tax
3 Months average P/E (Lesser of 11.69 & 16.11)
Earnings based Value per share based on overall Market P/E
0.06
0.13
0.13
0.32
0.37
1.00
Weighted
Average of Net
Profit after tax
1,773,214
10,051,571
9,067,905
25,439,606
34,991,198
81,323,495
28,750,000
2.83
11.69
33.06
Method 3: Average of Net Asset Value (NAV)/Equity based value per share and Historical Earnings based value per
share
For Method 3: Price based on Net Asset Value per share/Equity based Value (with Revaluation Reserve preceeding two
years)
Price based on Net Asset Value per share/Equity based Value (with Revaluation Reserve)
Sl. No.
Particulars
a)
Share Capital
b)
Revaluation Reserve
c)
d)
Retained Earnings
Number of Shares
Particulars
Method 1: Net Asset Value (NAV) per share/Equity based value per share (with Revaluation Reserve
preceeding two years)
Average Value
Amount (in Tk.)

287,500,000
62,543,740
6,288,594
165,901,062
522,233,397
28,750,000
18.16
Amount (in Tk.)

18.16
33.06
25.61
Therefore, the management of the Company believes that the offering price of Tk. 20.00 per share is justified.
Issue Managers :
AFC CAPITAL LIMITED
Page | 43

SECTION XVII: MARKET FOR THE SECURITIES BEING OFFERED
The Issuer shall apply to the following Stock Exchanges in Bangladesh for listing shares within 7 (seven) working
days from the date of consent accorded by the Commission to issue the prospectus:
Dhaka Stock Exchange Limited (DSE)
Page | 44
9/F Motijheel C/A, Dhaka1000;

Chittagong Stock Exchange Limited (CSE)
CSE Building, 1080 Sheikh Mujib Road, Chittagong.
SECTION XVIII: DESCRIPTION OF SECURITIES OUTSTANDING OR BEING OFFERED
(1) Dividend, voting, pre-emption rights:

In case of any declaration of cash/stock dividend by the Company or distribution of any property of the
Company, all the shareholders shall be entitled to it in proportion to their shareholdings on the date of the book
closure or record date for the purpose. The Company will follow a dividend policy, which will allow it to
provide a fair return on its shareholders investment and simultaneously allow for building up of the retained
earnings and reserves as a rule that would sustain growth of the Company.
The share capital of the Company is divided into Ordinary Shares, carrying equal rights to vote and receive
dividend in terms of the relevant provisions of the Companies Act 1994 and the Articles of Association of the
Company. All shareholders shall have the usual voting right in person or by proxy in connection with, among
others, election of Directors and Auditor(s) and other usual agenda of General Meeting Ordinary or Extra
Ordinary. On a show of hand, every shareholder present in person and every duly authorized representative of a
shareholder present at a General Meeting shall have one vote and on a poll every shareholder present in person
or by proxy shall have one vote for every share held by him or her.
In case of any additional issue of shares for raising further capital the existing shareholders shall be entitled to
Rights Issue of shares in terms of the guidelines issued by the Bangladesh Securities and Exchange
Commission from time to time.
(2) Conversion and liquidation rights:
The Company in its General Meeting may convert paid-up shares to any denomination. No special preferences
or privileges shall be attached to this conversion.
If the Company at any time issues Preference Shares or Debentures or Bonds with the consent of BSEC, such
holders of securities shall be entitled to convert such securities into ordinary shares if it is so determined by the
Company.
In case of winding- up or liquidation of the Company, all shareholders have the same privileges and advantages
as ordinary shareholder as regards participation in profits and voting at meetings of the Company.
(3) Right for Transfer:
In terms of the provisions of the Companies Act 1994, Articles of Association of the Company and other
relevant rules in force, the shares of the Company are transferable. The Company shall not charge any fee other
than Government duties for registering transfer of shares. No shares shall be transferred to an infant or a person
of unsound mind.
Issue Managers :
AFC CAPITAL LIMITED

(4) Dividend policy:
(a) The profits of the Company, subject to any special right relating thereto created or authorized to be created
by the Memorandum of Association and subject to the provision of the Articles of Association, shall be
divisible among the members in proportion to the amount of capital paid -up on the shares held by them
respectively.
(b) No larger dividend shall be declared than is recommended by the directors, but the Company in its General
meeting may declare a smaller dividend.
(c) The declaration of directors as to the amount of net profit of the company shall be conclusive.
(d) No dividends shall be paid otherwise than out of the profits of the year or any other undistributed profits
and general reserves. Dividend shall not carry interest as against the Company.
(e) The Directors may from time to time pay off the members such interim dividend as appear to the Directors
to be justified by the profits of the Company.
(f) A transfer of shares shall not pass the right to any dividend declared thereon after such transfer and before
the registration of the transfer.
(g) There is no limitation on the payment of dividends to the common Stockholders.
(5) Other rights of Stockholders
The shareholders shall have the right to receive all periodic reports and statements, audited as well as unaudited,
published by the Company from time to time. The directors shall present the financial statements as required
under the law and international Accounting Standards and International Financial Reporting Standards as
adopted by the Institute of Chartered Accountants of Bangladesh. Financial statements will be prepared in
accordance with International Financial Reporting/Accounting Standards, consistently applied throughout the
subsequent periods and present with the objective of providing maximum disclosure as per law and
international Financial Reporting/Accounting Standard to the shareholders regarding the Financial and
operational position of the Company.
In case of any declaration of stock dividend through issue of Bonus Shares, all shareholders shall be entitled to
it in proportion to their shareholdings on the date of book closure or record date for the purpose.
The shareholders holding not less than 10% of the issued/fully paid up capital of the Company shall have the
right to requisition Extra-Ordinary General Meeting (EGM) of the Company as provided under Section 84 of
the Companies Act, 1994.
SECTION XIX: DEBT SECURITIES
The Company has not issued or is planning to issue any debt security within six months.
Issue Managers :
AFC CAPITAL LIMITED
Page | 45

SECTION XX: FINANCIAL STATEMENTS
AUDITORS REPORT
TO THE SHAREHOLDER OF SIMTEX INDUSTRIES LIMITED
Page | 46
We have audited the accompanying financial statements of Simtex Industries Limited which comprises the
Statement of financial position as at 30 June 2014 along with Statement of Comprehensive Income, Statement of
Changes in equity and Statement of Cash Flows for the year then ended, and a summary of significant accounting
policies and other explanatory notes.
Managements Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance
with Bangladesh Financial Reporting Standards, Companies Act. 1994, Bangladesh Securities and Exchange Rules
1987 and others applicable rules and regulation. This responsibility includes: designing, implementing and
maintaining internal control relevant to the preparation and fair presentation of financial statements that are free
from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies;
and making accounting estimates that are reasonable in the circumstances.
Auditors Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our
audit in accordance with Bangladesh Standards on Auditing, those standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors judgment, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entitys preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entitys internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
Opinion
In our opinion, the financial statements give a true and fair view of the financial position of Simtex Industries
Limited as of June 30, 2014 and of its financial performance for the year then ended in accordance with
Bangladesh Financial Reporting Standards and comply with the Companies Act 1994, Bangladesh Securities &
Exchange Rules 1987 and other applicable laws and regulations.
Issue Managers :
AFC CAPITAL LIMITED

We also report on other legal and regulatory requirements
We also report that;
a)
b)
c)
d)
we have obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purpose of our audit and made due verification thereof;
in our opinion proper books of account as required by law have been kept by the company so far as it
appeared from our examination of those books;
the companys Statement of financial position, statement of comprehensive income, Statement of Changes
in equity and Statement of Cash Flows dealt with by the report are in agreement with the books of accounts.
the expenditures incurred were for the purpose of the Companys business.
Dated: August 18, 2014

Dhaka
Issue Managers :
AFC CAPITAL LIMITED
Sd/Ahmed Zaker & Co.

Page | 47

Statement of Financial Position
As at 30 June 2014
Notes
Amount In Taka
30.06.2014
APPLICATION OF FUND
ASSETS
A : NON-CURRENT ASSETS
Property, Plant & Equipment
Machinery in Transit
B: CURRENT ASSETS
Accounts Receivable
Investment in Share
Advance, Deposit & Prepayments
Inventory
Cash & Cash Equivalent
TOTAL ASSETS (A+B)
SOURCES OF FUND
SHAREHOLDERS EQUITY & LIABILITIES
C : SHAREHOLDERS EQUITY
Share Capital
Reserve & Surplus
Retained Earnings
D : NON-CURRENT LIABILITIES
Long term Loan Net of Current Portion
Deferred Tax
E : CURRENT LIABILITIES
Accounts Payable
Short term Loan from Bank
Current portion of Long Term Loan
Liabilities For Expenses
Provision For Income Tax
TOTAL EQUITY & LIABILITIES (C+D+E)
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Net Assets value (NAVs)
30.06.2013
762,317,115
757,606,729
4,710,386
619,327,113
290,013,522
60,559,367
53,596,711
204,195,593
10,961,920
1,381,644,228
770,041,924
768,484,255
1,557,669
466,801,113
244,208,394
43,444,354
174,531,340
4,617,025
1,236,843,037
563,358,556
287,500,000
103,668,899
6,288,594
165,901,062
501,556,464
477,112,753
24,443,711
316,729,209
2,296,000
207,433,697
63,503,325
20,815,771
22,680,416
1,381,644,228
461,230,591
250,000,000
103,668,899
107,561,692
466,176,055
453,575,748
12,600,307
309,436,391
2,911,994
177,831,243
102,351,114
12,931,297
13,410,743
1,236,843,037
19.60
18.45
The annexed notes are (1-30) form an integral part of these financial statements.
Sd/Managing Director
Sd/Director
Sd/Company Secretary
Signed as per our separate report on same date

Dhaka
Issue Managers :
AFC CAPITAL LIMITED

Page | 48

Statement of Comprehensive Income
For the year ended 30 June 2014
PARTICULARS
Notes
(A) Turnover
(B) Cost of Goods Sold
(C) Gross Profit (A-B)
(D) Operating Expenses
Administrative Expenses
Selling & Distribution Expenses
(E) Profit from Operation (C-D)
(F)Financial Expenses
(G) Other Income
(H) Net Profit Before Tax & WPPF (E-F)
(I) Workers Profit Participation Fund (WPPF)
(J) Net Profit Before Tax (H-I)
Less: Provision for Tax:
Current Tax
Deffered Tax
Net Profit After Tax
Other Comprehensive Income
Total Comprehensive Income
Earnings Per Share (EPS)
Amount In Taka
30.06.2014
30.06.2013
1,359,191,916
1,131,544,681
1,051,808,398
875,120,636
307,383,518
256,424,045
30,821,504
27,785,867
27,890,803
25,345,838
2,930,701
2,440,029
276,562,014
228,638,178
145,299,477
129,000,886
1,873,049
133,135,586
99,637,292
6,339,790
4,744,633
126,795,796
94,892,659
30,956,426
14,762,987
19,113,022
9,489,266
11,843,404
5,273,721
95,839,370
80,129,672
6,288,594
102,127,965
80,129,672
3.33
3.21
20
21
22
23
24
25
26
27
28
29
30
The annexed notes are (1-30) form an integral part of these financial statements.
Sd/Director

Dhaka
Issue Managers :
AFC CAPITAL LIMITED

Page | 49

PARTICULARS
Share Capital
Balance as on 01.07.13
Stock Dividend issued during the year
Net Profit during the Year
250,000,000
37,500,000
-
Closing Balance as on 30.06.14
287,500,000
Amount in Taka
Revaluation
Retained
Surplus
Earnings
103,668,899
107,561,692
(37,500,000)
95,839,370
103,668,899
165,901,062
Total
461,230,591
95,839,370
557,069,961

PARTICULARS
Share Capital
Stock Dividend issued during the year
Revaluation Surplus during the year
Prior year adjustment (Tax Imposed)
for the assesment year 2012-2013
Net profit during the year
Closing Balance as on 30.06.2013
100,000,000
150,000,000
-
Amount in Taka
Revaluation
Retained
Surplus
Earnings
62,543,740
178,522,256
(150,000,000)
41,125,159
-
Total
341,065,996
41,125,159
(1,090,236)
(1,090,236)
250,000,000
103,668,899
80,129,672
107,561,692
80,129,672
461,230,591
Sd/Director

Dhaka
Issue Managers :
AFC CAPITAL LIMITED

Page | 50

PARTICULARS
Page | 51
Amount In Taka
30.06.2014
Cash Flow from Operating Activities:

Cash Collection From Turnover & Others
Cash Paid to Suppliers, Employee & Others
Cash Genarated from Operation
30.06.2013
1,313,386,787
(1,060,415,663)
252,971,124
1,013,152,905
(844,256,037)
168,896,868
(145,299,477)
(11,801,511)
(129,000,886)
(5,916,737)
95,870,136
33,979,245
Cash Flows from Investing Activities:

Investment in share
Dividend income
Acquisition of Property, Plant & Equipment
Advance against Acquisition of Machinery
(54,270,773)
1,873,049
(48,266,471)
(3,152,717)
(65,598,128)
(1,557,669)
Net Cash used in Investing Activities:(B)
(103,816,912)
(67,155,797)
Cash flow from Financing Activities

Issuing Share Capital
Share money Deposit/(repaid)
Increase/(Decrease) in short Term Bank Loan
Increase/(Decrease) in Long Term Bank Loan
29,602,454
(15,310,784)
(33,806,000)
Net Cash flow from Financing Activities:(C)
14,291,670
26,078,614
Net increase/decrease in cash & Cash equivalents:(A+B+C)

Cash & Cash equivalents at the beginning of the year
Closing Cash & Cash equivalents at the end of the year
6,344,895
4,617,025
10,961,920
(7,097,938)
11,714,963
4,617,025
Interest Paid
Income Tax Paid
Net Cash flow from Operating Activities:(A)
Sd/Director
59,884,614

Dhaka
Issue Managers :
AFC CAPITAL LIMITED


Khagan, Birulia, Savar, Dhaka, Bangladesh
Notes to the Financial Statements

For the year ended June 30, 2014
1. SIGNIFICANT ACCOUNTING POLICIES AND OTHER MATERIAL INFORMATION:

1.01 Legal form of the Enterprise:
The company namely Simtex Industries Limited was incorporated as private limited company with the
issuance of certificate of incorporation bearing no.C-67047(4539)/2007 dated May 29, 2007 by the Registrar
of Joint Stock Companies & Firms. Subsequently the company has been converted into Public Limited
Company dated November 15, 2012.
1.02 Registered Office of the Company:
Registered Office of the Company is located at Khagan, Birulia, Savar, Dhaka, Bangladesh.
1.03 Principal activities and nature of the business:
The principal activities and nature of the business of the company is to carry on a Dyeing & Conning/winding
of sewing thread.
2. SIGNIFICANT ACCOUNTING POLICIES:
Basis of Preparation of Financial Statements
The Financial Statements of the Company are prepared on a going concern basis under historical cost
convention and in accordance with the Bangladesh Accounting Standards (BAS) and Bangladesh Financial
Reporting Standards (BFRSs), the Companies Act 1994, Securities and Exchange Rules 1987 and other
applicable laws & regulation in Bangladesh.
2.01 Going Concern:
This financial statement has been prepared on the assumption that the entity is a going concern and will
continue its business for the foreseeable future. Hence, it is assumed that the entity has neither the intention
nor the need to liquidate or curtail materially the scale of its operation.
The company has adequate resources to continue its operation for the foreseeable future. As such, the directors
intended to adopt the going concern basis is preparing the financial statements. The current credit facilities and
resources of the company provides sufficient fund to meet the present requirements of its existing business.
2.02 Changes in Accounting Policies & Estimates:
The preparation of these financial statements is in conformity with BASs/BFRSs which require management
to make judgments, estimates and assumptions that affect the application of accounting policies and the
reported amounts of assets, liabilities, income and expenses. Estimates and underlying assumptions are
reviewed on an ongoing basis and used for accounting of certain terms such as provision for expenses and
depreciation.
Issue Managers :
AFC CAPITAL LIMITED
Page | 52

2.03 Cash Flow Statement:
Cash flow statement is prepared in accordance with BAS-7 "Statement of Cash Flows" and the cash flow from
the operating activities have been presented under direct method considering the provisions of Paragraph 19 of
BAS-7 which provides that "Enterprises are Encouraged to Report Cash Flow From Operating Activities
Using the Direct Method".
2.04 Property, Plant, Equipment and Depreciation:
All Property, Plant and Equipment are stated at cost less accumulated depreciation as per BAS-16 Property,
Plant and Equipment. The cost of acquisition of an asset comprises of its purchase price and any directly
attributable cost of bringing the asset to its working condition for its intended use inclusive of inward freight,
duties and non- refundable taxes.
The company recognizes in the carrying amount of an item of property, plant and equipment the cost of
replacing part of such an item when that cost is incurred if it is probable that the future economic benefit
embodied with the item will flow to and the cost of the item can be measured reliably. Expenditure incurred
after the assets have been put into operation, such as repairs and maintenance is normally charged off as
revenue expenditure in the year in which it is incurred.
Depreciation has been charged on Property, Plant and Equipment under reducing balance method and
depreciation has been charged on addition of assets during the year. When it is put in to available for use.
The annual rates of depreciation applicable to the principal categories of fixed assets are:
Kind of assets
a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)
l)
m)
n)
o)
Rate of Depreciation
Land & Developments

Plant & Machinery
Trolley
Spare parts and Tools
Transport & Vehicle
Office Equipment
Furniture & Fixture
Shade Book
Int. Panton Book
Air Condition
Crockery
Software
0%
10%
10%
10%
10%
10%
10%
10%
10%
10%
15%
15%
10%
10%
20%
2.05 Revaluation of Property, Plant and Equipment (Land):

The Property, Plant and Equipment only land of the company were revalued and certified by the valuer M/S
Ata Khan & Co. Chartered Accountants in their valuation report dated December 31, 2012 and accordingly
account for by the company. The Board of Directors of the company has approved the valuation report to
incorporated in the accounts date December 31, 2012
Issue Managers :
AFC CAPITAL LIMITED
Page | 53

2.06 Revenue Recognition:
In compliance with the requirements of BAS - 18 Revenue, revenue from receipts from customers against
sales is recognized when products are dispatched to customers, that is, when the significant risk and rewards of
ownership have been transferred to the buyer, recovery of the consideration is probable, the associated costs
and possible return of goods can be estimated reliably.
2.07 Impairment:
In accordance with the provision of "BAS-36 Impairment of Assets the carrying amount of non financial
assets other than inventories are reviewed to determine whether there is any indication of impairment. No such
indication of impairment has raised till the date of our audit.
2.08 Financial Instrument:
Derivative
According to BFRS-7, Financial Instruments Disclosures the company was not a party to any derivative
contract (financial instruments) at the Balance Sheet Date, such as forward exchange contracts, currency swap
agreement or contract to hedge currency exposure related to import of capital machinery to be leased to lessees
in future.
Non-Derivative
Non-derivative financial instruments comprise of accounts and other receivable, borrowings and other
payables and are shown at transaction cost as per BAS-39 Financial Instruments: Recognition and
Measurement.
2.09 Valuation of Current Assets:
Accounts Receivable:
These are carried forward at their original invoiced value amount and represents net realizable value.
Management considered the entire bills receivable as good and is collectable and therefore, no amount was
provided for as bad debt in the current periods account.
Inventories:
In compliance with the requirements of BAS 2 "Inventories" & with Schedule XI Part-II of the Companies Act
1994, the Inventories have been valued at Cost or Net Realizable value whichever is lower, which is consistent
with the previous periods practice. Net realizable value is based on estimated selling price in the ordinary
course of business less any further cost expected to be incurred to make the sale.
2.10 Creditors and Accrued Expenses:
Liabilities are recognized for amounts to be paid in the future for goods and services received whether or not
billed by the supplier.
2.11 Employee Benefit Plan:
The company has introduced an employees benefit plan (WPPF) from January 01, 2013 as per BAS-19
Employees Benefits.
Number of Employees:
During the year under review, the number of employees stands at 694 and each Employee has been receiving
total remuneration of Tk. 63,600/= and above per annum. There was no part-time employee in the Company
during the period under audit.
Issue Managers :
AFC CAPITAL LIMITED
Page | 54

2.12 Capacity Utilization
2012-2013
Cones
30,000,000
19,572,608
65.24 %
Total Production Capacity in cones

Capacity Utilization in cones
Capacity Utilization for the year
2013-2014
Cones
37,500,000
26,526,703
70.74%
2.13 Capital expenditure commitment:

There was a capital expenditure commitment under L/C no. 35-14 of Trust Bank Limited, Millennium
Corporate Branch, value USD 60,000 against import of machineries.
2.14 Related party disclosure:
Related party is considered if the party is related to the company and exerts significant influence over the day
to day transactions of the subject gain as per BAS-24. The following related party transactions have been
appeared during the year.
NAME
Mrs. Mahfuza Rahman
Mrs. Hafiza Khanam
TYPE OF TRANSACTION
Share Purchase
AMOUNT (TK.)
600,000
600,000
780,000
750,000
54,192,361
2.15 Even after the Balance sheet Date:

As per BAS-10 Even after the Balance sheet Date are those event favorable and unfavorable, that occur
between the end of the reporting period and the date when the financial statements are authorized for issue.
2.16 Functional and Presentational Currency:
Realization and payments in foreign currency are converted into the local currency at the rate of exchange
prevailing on the date of receives and payments respectively, as such any gain or loss arisen out of transactions
in foreign currency is charged to the related items.
The financial statements are prepared in Bangladeshi Taka which is the Companys functional currency.
2.17 Taxation:
Provision for Taxation:
Provision for current income tax has been made at the rate of 15% as prescribed in the Income Tax ordinance,
1984 on the accounting profit made by the Company in compliance with BAS-12 Income Taxes".
Deferred Tax:
Deferred tax is provided for all temporary differences comprising between the tax base of assets and liabilities
and their carrying amounts in financial statements in accordance with the provision of BAS-12.
During the year the company has recognized for Deferred Tax as per provision of BAS-12.
2.18 Borrowing Cost:
Borrowing costs that are not directly attributable to the acquisition, construction or production of qualifying
assets are recognized in profit or loss using effective interest method. Borrowing cost incurred against loan for
expansion of project has been capitalized under effective interest rate method as per BAS-23 Borrowing
Cost.
Issue Managers :
AFC CAPITAL LIMITED
Page | 55

2.19 Earnings per share:
The company calculates Earning per Share (EPS) in accordance with BAS-33 Earning per Share which has
been shown on the face of the Profit and Loss account and the computation of EPS is elaborated in Note. The
Earning per share has been calculated using weighted average method.
2.20 Leased Assets:
The company with a bid to acquire machinery and vehicle have executed lease agreement with Reliance
Finance Limited and Trust Bank Limited as finance lease having terms and conditions.
Additional Information on Financial Statements:
2.21 Responsibility for preparation and presentation of financial statements:
The companys management and the Board of Directors are responsible for the preparation and presentation of
Financial Statements as per section 183 of the companies Act 1994 and the corporate Governance guideline
paid by Bangladesh Securities and Exchange Commission (BSEC).
2.22 Authorization date for issuing Financial Statements:
The financial statements were authorized by the Board of Directors on August 18, 2014.
2.23 Components of the Financial Statements:
According to IAS 1 presentation of the Financial Statements the complete set of financial statement
includes the following components
a)
b)
c)
d)
e)
Statement of Financial Position as at June 30, 2014.

Statement of Comprehensive Income for the year ended June 30, 2014.
Statement of Changes in Equity for the year ended June 30, 2014.
Statement of Cash Flows for the year ended June 30, 2014.
Explanatory notes to the financial statements.
2.24 Comparative Information

Comparative information has been disclosed as required by BAS 34: Interim Financial Reporting In respect
of the previous year for all numerical information in the current financial statements as below:
Statement of Financial Position as of the end of the preceding financial year.

Statement of Comprehensive Income for the comparable year of preceding financial year.
Statement of Changes in Equity for the comparable year of preceding financial year.
Statement of Cash Flows for the comparable year of preceding financial year.
Narrative and descriptive information for comparative information have also been disclosed whenever it is
relevant for understanding of the current years financial statement.
Previous year figure has been re-arranged whenever considered necessary to ensure comparability with the
current year presentation as per BAS-8 Accounting Policies, Changes in Accounting Estimates and Errors.
2.25 General:
i) The figure has been rounded off to the nearest taka.
ii) The financial Statements have been prepared covering one year from July 01, 2013 to June 30, 2014.
Issue Managers :
AFC CAPITAL LIMITED
Page | 56

Amount in Taka
30.06.2014
30.06.2013
3.00 PROPERTY, PLANT AND EQUIPMENT: Tk. 757,606,729
Opening Balance (at cost)
832,393,006
Add : Addition made during the year
48,266,471
Add : Revalution Reserve
103,668,899
Closing Balance
984,328,376
Less : Accumulated Depreciation
226,721,648
Written Down Value
Total: 757,606,729
Details of Property Plant & Equipment and Depreciation are shown in the annexed Schedule -A/1.
4.00
MACHINERY IN TRANSIT: TK.4,710,386

Particulars Bank L/C Number US Dollar Amount
Steel Bobin
TBL
35-14
60,000
Total:
5.00
4,710,386
4,710,386
810,408,787
84,527,959
41,125,159
936,061,905
167,577,650
768,484,255
1,557,669
1,557,669
ACCOUNTS RECEIVABLE: Tk. 290,013,522

This is made up as follows:
Particulars
Accounts Receivable
Less: Adjustment of Inland Bill Purchase (5.01)
598,748,553
579,594,164
308,735,031
335,385,770
Total:
290,013,522
244,208,394
i) The balance is represents dues from various parties against export sales. The balances are considered good
and collectable. No bad debts were made during the year from the outstanding balances.
ii) No amount was due to managing partner, employees & Officers during the year
Aging of Accounts Receivable
Dues within 3 months
341,286,675
272,673,668
Dues within 3 months to 6 months
257,461,878
306,920,496
598,748,553
579,594,164
Total:
5.01 ADJUSTMENT OF INLAND BILL PURCHASE (Net off Assets & Liabilities) : Tk.308,735,031
Particulars
Branch Name
No. of L/C
Jamuna Bank Limited
Foreign Exchange branch, Motijheel
32,811,771
335,385,770
Trust Bank Limited Millennium Corporate Branch, Dhaka
275,923,260
Total:
308,735,031
335,385,770
6.00 INVESTMENT : Tk.60,559,367
This represents Investment made by the Company in Reliance Brokerage Services Limited. The Investment is made
up as under:
Investment In Shares
60,559,367
Total:
60,559,367
Details
Cost Price
54,192,361
60,513,902
Lanka Bangla Finance Ltd.
78,412
45,465
54,270,773
60,559,367
-
Issue Managers :
AFC CAPITAL LIMITED
Page | 57

Amount in Taka
30.06.2014
30.06.2013
7.00
7.01
ADVANCE, DEPOSITS & PREPAYMENTS: Tk. 53,596,711

Particulars
Tax Deductions at source (TDS)
Advances against Expenses
Advances against Purchases
Prepaid Insurance Premium
Advanced against salary
Deposit
L/C margin deposit
Material in Transit
Bank Guaranty Margin
Security Deposit (7.01)
Others Deposit
17,568,708
7,443,349
6,195,060
2,461,153
1,335,518
133,628
25,875,646
7,289,310
Total:
26,680,342
9,401,511
3,653,468
12,136,705
1,346,356
142,302
26,916,369
12,253,482
9,232,261
406,861
5,023,765
53,596,711
Total:
1,019,965
1,713,800
16,000
2,274,000
5,023,765
565,175
1,713,800
16,000
854,500
3,149,475
SECURITY DEPOSIT: Tk. 5,023,765

This represents the amount deposit with utility provider in respect of:
Particulars
Bank Guarantee Margin for Titas Gas
Electricity Demand note (REB)
Bangladesh Telegraph and Telephone Board (BTTB)
Titas Gas Transmission & Distribution Ltd.
436,861
3,149,475
15,000,000
43,444,354
8.00 INVENTORY: Tk. 204,195,593

The above balance is made up as follows:
Particulars
Raw material of Yarn
Raw material of Dyes & Chemical
Packing Materials
Work-in-process
Finished goods
9.00
30.06.2014
30.06.2013
Qty.Kgs/Pcs
Taka
Qty.Kgs/Pcs
Taka
632,191.49Kgs 145,682,209 627,426.57 Kgs
143,854,720
52,395.71 Kgs 25,180,857
29,604 Kgs
14,246,458
17,000 kgs &
13,000 kgs &
9,252,508
4,728,482
3,655,172 pcs
3,560,114 pcs
24,122 Kgs
6,055,162
13,647 Kgs
3,411,700
383,508 Cones 18,024,857 178,655 Cones
8,289,980
Total:
204,195,593
174,531,340
CASH & CASH EQUIVALENT: Tk. 10,961,920

Cash in Hand (Note: 9.01)
Cash at Brokerage House (Relieance Brokerage Services Ltd)
Cash at Bank (Note 9.02)
Total:
9.01
2,820,522
818,753
7,322,645
10,961,920
4,161,261
455,764
4,617,025
CASH IN HAND: Tk.2,820,522

This Balance Represent as per cash folio of the Company.
Issue Managers :
AFC CAPITAL LIMITED
Page | 58

Amount in Taka
30.06.2014
30.06.2013
9.02
CASH AT BANK: Tk. 7,322,645

The above has been made up as follows:
Particulars
Name of Bank
A/C NO.
Name of Branch
Jamuna Bank Ltd.
CD-8310
Foreign Exchange Branch
2,895,035
52,954
Trust Bank Ltd.
CD-011882 Millennium Branch
8,225
98,652
Trust Bank Ltd.
CD-0320
Millennium Branch
2,659,293
Mercantile Bank Ltd. CD-77163 Main Branch
1,362,615
304,158
Southeast Bank Ltd.
CD-48059 Principal Branch
397,477
Total:
7,322,645
455,764
We have verified and reconciled the above Bank balances with the Bank statements as at June 30, 2014 and found
correct.
10.00 SHARE CAPITAL: Tk. 287,500,000

Particulars
Authorized Capital
100,000,000 ordinary Shares of Tk.10 each
Issued, Subscribed & Paid up Capital
28,750,000 Ordinary Shares of Tk.10 each
Name of the Directors & Share Holders

Mrs. Mahfuza Rahman
Mr. Md. Shafiquzzaman
Maj. (Retd) Nazmus Sakeve jugbhery
Mr. Neaz Rahman Shaqib
Mr. Istiaq Rahman Imran
Mrs. Amina Sultana Daisy
Mr. Md. Zahangir Alam
Mrs. Jannatul Maua
Mrs.Hafiza Khanam
Mr. Abu Hassan
Mr. Md. Abdus Sattar
AFC CAPITAL LIMITED
1,000,000,000
287,500,000
250,000,000
30.06.2014
30.06.2013
No. of Shares Face value No. of Shares
Face value
14,909,750 149,097,500
14,425,000
144,250,000
2,127,500 21,275,000
2,750,000
27,500,000
143,750
1,437,500
125,000
1,250,000
437,000
4,370,000
50,000
500,000
1,380,000 13,800,000
1,650,000
16,500,000
1,380,000 13,800,000
1,650,000
16,500,000
1,265,000 12,650,000
1,100,000
11,000,000
437,000
4,370,000
50,000
500,000
1,380,000 13,800,000
560,000
5,600,000
1,265,000 12,650,000
1,100,000
11,000,000
1,265,000 12,650,000
1,100,000
11,000,000
1,380,000 13,800,000
400,000
4,000,000
1,380,000 13,800,000
40,000
400,000
28,750,000 287,500,000
25,000,000
250,000,000
11.00 RESERVE & SURPLUS: Tk. 103,668,899

Opening Revaluation Surplus on Land & Development
Add : Revaluation Surplus on Land during the year
This Balance Represents as per last Accounts
Issue Managers :
1,000,000,000
103,668,899
103,668,899
62,543,740
41,125,159
103,668,899
Page | 59

Amount in Taka
30.06.2014
30.06.2013
12.00 RETAINED EARNINGS: Tk. 165,901,062
Add : Net Profit/(Loss) During the year
Less: Prior year adjustment (Tax Imposed for Assesment year 2012-2013)
Less :Stock Dividend 2012-2013
107,561,692
95,839,370
(37,500,000)
Total: 165,901,062
13.00 LONG TERM LOAN FROM BANK & FINANCIAL INSTITUTION Tk. 477,112,753
Particulars
Name of Branch
Reliance Finance Limited (13.01) Motijheel, Dhaka
88,130,217
Jamuna Bank.(13.02)
Foreign Exchange Br., Dilkusha C/A
TBL-HPSM (13.03)
Millennium Branch, Jahangir Gate, Dhaka 452,485,861
IIDFC (13.04)
Motijheel, Dhaka
Total Term Loan Outstanding
540,616,078
Less Current Portion
63,503,325
Total: 477,112,753
13.01 RELIANCE FINANCE LIMITED
Nature of Loan
Time Loan (13.1.1)
Lease Finance (13.1.2)
Syndication Lease Finance (13.1.3)
Name of Branch
Motijheel, Dhaka
Motijheel, Dhaka
Motijheel, Dhaka
Total:
13.1.1 TIME LOAM

Particulars
Reliance Finance Limited
Name of Branch
Motijheel, Dhaka
Motijheel, Dhaka
Motijheel, Dhaka
13.1.2 LEASE FINANCE

Particulars
Name of Branch
Motijheel, Dhaka
Motijheel, Dhaka
Motijheel, Dhaka
Motijheel, Dhaka
178,522,256
80,129,672
(1,090,236)
(150,000,000)
107,561,692
403,997,459
78,870,474
73,058,929
555,926,862
102,351,114
453,575,748
80,000,000
8,130,217
88,130,217
180,000,000
34,079,677
148,135,645
362,215,322
80,000,000
80,000,000
60,000,000
40,000,000
80,000,000
180,000,000
Agreement No.
TL16110
TL47812
TL47012
Total:
Agreement No.
LE56310
846,044
LE59312
6,114,855
LE58712
27,118,778
REFL/SIL/3329/2013 8,130,217
Total:
8,130,217
34,079,677
This loan is secured by registration & Insurance of the Vehicle (s) and Machineries in the name of Reliance
Finance Limited and Personal guarantee of all Directors of the Company. This loan is repayable in 60 equal
monthly rentals.
Issue Managers :
AFC CAPITAL LIMITED
Page | 60

Amount in Taka
30.06.2014
30.06.2013
13.1.3
SYNDECATION LEASE FINANCE

Nature of Loan
Name of Branch
Motijheel, Dhaka
13.02 TERM LOAN JAMUNA BANK

Nature of Loan
Jamuna Bank Ltd.
13.03
Agreement No.
LESYN 0001/11
Total:
Name of Branch
PROJECT LOAN-TBL
Trust Bank Ltd. Millennium Branch, Jahangir Gate, Dhaka
Trust Bank Ltd. Millennium Branch, Jahangir Gate, Dhaka
A/C NO.
00217
Total:
A/C NO.
168
263
Total:
148,135,645
148,135,645
Page | 61
42,270,474
42,270,474
448,284,861
4,201,000
452,485,861
This loan sanction against takeover of various Investment facilities through 6-year HPSM- Capital Machinery
facility from Jamuna Bank Ltd., IIDFC, Reliance Finance Ltd., Premier Leasing and Fareast Finance & Investment
Limited. This Loan is secrued by registered mortgage of 722.64 Decimal land located at Khagan, Gouripur, Bashaid,
Aukpara Ashulia and joarsahara Bashundhara Dhaka and personal guarantee of all Directors of the Company. This
Loan is repayable in 60 equal monthly installments as per sanction letter. The loan bears 15% interest which is
subject to change time to time.
13.04
13.4.1
13.4.2
14.00
I.I.D.F.C
Nature of Loan
Time Loan (13.4.1)
Lease Finance (13.4.2)
TIME LOAN
Particulars
IIDFC
IIDFC
LEASE FINANCE
Particulars
IIDFC
Name of Branch
Motijheel, Dhaka
Motijheel, Dhaka
Name of Branch
Motijheel, Dhaka
DEFERRED TAX : Tk. 24,443,711

Carrying Value
Tax Base
Temporary/(Deductible) Difference
Effective Tax Rate
Deferred Tax Liability/(Asset)
Issue Managers :
AFC CAPITAL LIMITED
Total:
21,955,004
27,134,948
49,089,952
Total:
4,874,213
17,080,791
21,955,004
Total:
27,134,948
27,134,948
Agreement No.
DF No-127/2010
DF No-024/2012
Agreement No.
LF No-031/2012
757,606,729
594,648,659
162,958,071
15%
24,443,711
768,484,255
642,481,190
126,003,065
10%
12,600,307

Amount in Taka
30.06.2014
30.06.2013
15.00 ACCOUNTS PAYABLE: Tk. 2,296,000
Particulars
Sagar Packaging Ltd.
Keya Packaging Industries.
Retail Technology Ltd.
Olympic Accessories Ltd.
Shad Enterprise
Excel Trade Link Ltd.
Islam Brothers Ltd.
M A Accessories Ltd.
Mark Plastic Ltd.
Tanim Plastic Industries
Rose Burge
Hawa Enterprise
M/S Jewel Packaging
53,000
334,000
246,500
164,300
84,000
377,000
637,200
300,000
100,000
2,296,000
Total:
16.00
SHORT TERM LOAN FROM BANK (Secured): Tk. 207,433,697

Particulars
Loan Against Trust Received ( LTR) Note 16.01
Cash Credit Loan (C C) Note -16.02
196,933,697
10,500,000
207,433,697
16.01 Loan Against Trust Received ( LTR) : Tk. 196,933,697

Name of Bank
Name of Branch
Jamuna Bank Limited
Foreign Exchange Br., Dilkusha C/A, Dhaka
Trust Bank Ltd.
Millennium Branch, Jahangir Gate, Dhaka
Total:
17.00 CURRENT PORTION OF LONG TERM LOAN: Tk. 63,503,325

Particulars
Name of Branch
Motijheel, Dhaka
Jamuna Bank Limited
I I D F C Limited
Motijheel, Dhaka
Millennium Br, Jahangir Gate,
Trust Bank Limited
Dhaka
Total:
Issue Managers :
AFC CAPITAL LIMITED
168,038,710
9,792,533
177,831,243
196,933,697
196,933,697
16.02 CASH CREDIT LOAN (CC): Tk. 10,500,000

Name of Bank
A/C NO.
Name of Branch
Jamuna Bank Ltd. CC-00294
Trust Bank Ltd.
6424 & 6497
Millennium Branch, Jahangir Gate, Dhaka
Total:
218,400
300,000
49,794
165,700
153,600
183,300
950,850
296,800
177,000
116,550
300,000
2,911,994
10,500,000
10,500,000
168,038,710
168,038,710
9,792,533
9,792,533
1,323,810
-
41,782,137
36,600,000
23,968,977
62,179,515
63,503,325
102,351,114
Page | 62

Amount in Taka
30.06.2014
30.06.2013
18.00 LIABILITY FOR EXPENSES: Tk. 20,815,771
Particulars
Salary & Wages
Electricity Bill
Telephone Bill
WPPF Payable
Internet Bill
Office Rent
Audit Fees
Gas bill
Total:
19.00 PROVISION FOR INCOME TAX: Tk. 22,680,416
Particulars
Opening Balance
Add: Provision for Curent year tax (27.00)
Add: Tax Imposed for the Assessment year 2012-2013
Less: Tax Paid for Assesstment Year 2012-2013
Less: Adjustment during the year
Closing Balance as on June 30, 2014
20.00
20.01
TURNOVER: Tk. 1,359,191,916

Export Sales (20.01)
Total:
6,908,960
160,037
2,485
11,084,423
14,000
23,980
172,500
2,449,386
20,815,771
6,456,971
672,231
2,305
4,744,633
14,000
21,800
100,000
919,357
12,931,297
13,410,743
19,113,022
(2,400,000)
(7,443,349)
22,680,416
8,747,978
9,489,266
1,090,236
(5,916,737)
13,410,743
1,359,191,916
1,359,191,916
1,131,544,681
1,131,544,681
EXPORT SALES
Particulars
Sewing Thread
Poly Corespun Thread
Filament Thread
Total
Issue Managers :
AFC CAPITAL LIMITED
30.06.2014
Qty (Kgs)
Taka
2,828,712 1,284,235,361
9,771
11,451,376
95,068
63,505,179
2,933,550 1,359,191,916
30.06.2013
Qty (Kgs)
Taka
2,447,342
1,096,814,253
7,009
8,021,733
43,642
26,708,695
2,497,993
1,131,544,681
Page | 63

Amount in Taka
30.06.2014
30.06.2013
21.00 COST OF GOODS SOLD: Tk. 1,051,808,398
Raw materials Consumption (21.01)
Dyes & Chemical Consumption (21.02)
Packing Materials Consumption (21.03)
Factory Overhead (21.04)
Cost of Production
Opening work-in process
Closing work-in process
Opening finished goods
Closing finished goods
Goods available for sale
Sample expense
Total Cost of Goods Sold
21.01 RAW MATERIALS CONSUMPTION: Tk. 734,530,146
Opening Inventory
Add: Purchased during the year
Less: Closing Inventory
21.02 DYES & CHEMICAL CONSUMPTION: Tk. 85,632,552
Opening Inventory
21.03 PACKING MATERIALS CONSUMPTION: Tk. 74,883,645
Opening Inventory
21.04 FACTORY OVERHEAD: Tk. 169,650,760
Particulars
Wages
Overtime
Tiffin Bill
Electricity Bill
Repair & Maintenance
Festival Bonus for workers
Loading & Unloading-Labor
Fuel & Lubricant
Gas Bill
ETP. Operating Expense
Depreciation
Issue Managers :
AFC CAPITAL LIMITED
Total:
734,530,146
85,632,552
74,883,645
169,650,760
1,064,697,103
(2,643,462)
3,411,700
6,055,162
(9,734,877)
8,289,980
18,024,857
1,052,318,764
(510,366)
1,051,808,398
591,789,630
69,192,917
60,343,873
160,638,327
881,964,747
(2,361,421)
1,050,279
3,411,700
(4,060,129)
4,229,851
8,289,980
875,543,197
(422,561)
875,120,636
143,854,720
736,357,635
145,682,209
734,530,146
138,260,762
597,383,588
143,854,720
591,789,630
14,246,458
96,566,951
25,180,857
85,632,552
9,197,337
74,242,038
14,246,458
69,192,917
4,728,482
79,407,671
9,252,508
74,883,645
2,506,843
62,565,512
4,728,482
60,343,873
80,252,170
4,142,785
2,734,262
7,344,402
2,768,329
1,335,940
425,044
3,948,219
12,507,473
782,203
53,409,933
169,650,760
75,331,291
3,824,402
2,403,077
5,553,269
2,611,731
1,263,150
399,098
3,746,433
10,978,591
740,265
53,787,020
160,638,327
Page | 64

Amount in Taka
30.06.2014
30.06.2013
22.00 ADMINISTRATIVE EXPENSES: Tk. 27,890,803
Particulars
Salary & allowance
Director's Remuneration
Tours & Travelling Expenses
Board Meeting Attendance Fee
Festival Bonus
Mobile Bill
Internet Bill
Telephone Bill
Electricity Expenses
Subscription and donation
Audit Fees
Fees Forms and Renewal
Entertainment
Office Rent
Canteen Subsidy
Fees
Medical Expenses
Insurance
Office Maintenance
Miscellaneous Expenses
Staff Uniform
Car Maintenance
Fuel & Lubricant
Conveyance
Postage & Courier
Stationery Expenses
Depreciation
9,045,959
2,130,000
1,704,115
138,000
1,105,510
555,329
168,000
28,226
187,680
9,650
172,500
260,552
580,584
600,000
119,900
345,617
42,280
108,529
1,784,303
205,412
73,892
105,805
166,205
850,102
926,887
175,466
566,235
5,734,065
27,890,803
7,871,835
1,185,000
1,449,873
135,000
890,620
425,661
171,095
30,259
147,117
8,450
150,000
256,856
493,506
600,000
261,600
288,842
41,766
83,054
3,589,085
194,765
70,422
99,280
154,119
700,561
774,336
154,428
475,338
4,642,970
25,345,838
Payment/Perquisites to Directors and Officers

The aggregate amount paid/provided during the year in respect of Directors and Offiers of the Company as defined in the
Securities and Exchange Rules 1987 are disclosed below:
Particulars
Directors Remuneration
2,130,000
1,185,000
600,000
600,000
Board Meeting fee
138,000
135,000
i) The Board of Directors have drawn Tk. 3,000/- Per Board meeting attendance fees during the year under review.
ii) No money was given to any directors for rendering special services to the Company.
iii) Ten (10) meeting of the Board of Directors were held during the year.
iv) The Company has been provided car facilities to the Managing Director, CFO & General Manager.
Issue Managers :
AFC CAPITAL LIMITED
Page | 65

Amount in Taka
30.06.2014
30.06.2013
23.00 SELLING & DISTRIBUTION EXPENSES: Tk. 2,930,701
Particulars
Advertisement
Promotional Expenses
Conveyance
C&F Charges
Expenses for Product development
Sample Expenses
Fuel & Lubricant for Vehicle
Car Maintenance
24.00
25.00
145,513
80,829
530,166
160,512
392,202
510,366
945,288
165,825
2,930,701
FINANCIAL EXPENSES: Tk. 145,299,477

Particulars
Bank Charges, Commission & Brokerage Fees
Interest on CC Loan-294
Interest on CC Loan-TBL
Interest on IBP
Interest on Term Loan-217
Interest on Term Loan-HPSM on TBL
Interest on RFL
Interest on LTR
Interest on IIDFC
OTHER INCOME: Tk. 1,873,049

Particulars
Income From Dividend (FAS Finance)
Number of
Share
3,602,018
1,718,499
230,050
3,092,599
34,883,387
2,786,327
59,684,861
22,976,243
16,617,558
3,309,953
145,299,477
Value Of
Share
36,020,180
Declared
Rate
5.20%
26.00 WORKERS PROFIT PERTICIPATION FUND:Tk. 11,084,423

Opening Balance
Profit as on 30.06.2014
133,135,586
WPPF
133,135,586 x 5
105
Total
Issue Managers :
AFC CAPITAL LIMITED
135,660
67,434
468,672
126,400
347,409
422,561
746,563
125,330
2,440,029
1,349,695
1,005,208
31,146,362
15,442,160
48,171,567
16,915,728
14,970,166
129,000,886
1,873,049
1,873,049
4,744,633
6,339,790
4,744,633
11,084,423
4,744,633
Page | 66

Amount in Taka
30.06.2014
30.06.2013
27.00
CURRENT YEAR TAX : TK. 19,113,022

Particulars
Operating Profit After WPPF
Tax Rate on Operating Profit
Tax On Operating Profit
Other Income (Income from Dividend )
Tax Rate on Dividend Income
Tax On Other Income
28.00 CURENT YEAR DEFFERD TAX : Tk.11,843,404

Particulars
Total Deffered Tax
Less Opening Balance
Total
29.00 OTHER COMPREHANCIVE INCOME: TK.6,288,594
30.00 EARNING PER SHARE (Basic earning per share-BAS-33)

Net Profit after Taxes
No. of Share
Earning per share (Taka)
AFC CAPITAL LIMITED
18,738,412
9,489,266
374,610
19,113,022
9,489,266
24,443,711
12,600,307
11,843,404
12,600,307
7,326,585
5,273,721
1,873,049
20%
Total
Issue Managers :
Page | 67
124,922,747
15%
6,288,594
6,288,594
95,839,370
28,750,000
3.33
80,129,672
25,000,000
3.21

Schedule of Fixed Assets
For the period ended 30 June 2014
Schedule-A/1
Amount in Taka
Particulars
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int. Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Opening
Balance As on
01.07.13
Cost Value
Addition
Revalution
during the
Surplus
period
97,323,301
203,980,495
385,192,866
67,058
3,130,500
48,860,184
26,995,840
2,670,600
768,220,844
9,948,500
14,775,358
8,757,499
2,010,580
1,371,594
1,077,810
511,200
38,452,541
43,043,668
7,119,176
9,671,101
115,000
84,500
3,506,500
103,217
529,000
64,172,162
832,393,006
7,211,401
2,165,721
38,508
Issue Managers :
319,000
10,800
68,500
9,813,930
48,266,471
AFC CAPITAL LIMITED
103,668,899
Closing
Balance As on
30.06.2014
Rate
Opening
Balance As on
01.07.13
Depreciation
Charged
during the
period
Closing
Balance As on
30.06.14
W. D. V As
on 30.06.2014
0%
10%
10%
10%
10%
10%
10%
10%
103,668,899
210,940,700
218,755,853
393,950,365
67,058
5,141,080
50,231,778
28,073,650
3,181,800
910,342,284
51,386,852
90,833,147
30,123
747,541
6,904,415
3,710,194
251,862
153,864,134
16,121,260
30,009,885
3,694
338,825
4,264,157
2,400,419
271,694
53,409,933
67,508,112
120,843,032
33,817
1,086,366
11,168,572
6,110,613
523,556
207,274,067
210,940,700
151,247,741
273,107,333
33,242
4,054,714
39,063,206
21,963,037
2,658,244
703,068,217
10%
10%
10%
15%
15%
10%
10%
20%
103,668,899
50,255,069
9,284,897
9,709,609
115,000
84,500
3,825,500
114,017
597,500
73,986,092
984,328,376
9,328,801
1,411,749
2,018,759
62,655
41,765
674,525
24,402
150,860
13,713,516
167,577,650
3,893,610
679,029
767,480
7,852
6,410
288,515
8,692
82,478
5,734,065
59,143,998
13,222,411
2,090,778
2,786,239
70,507
48,175
963,040
33,094
233,338
19,447,581
226,721,648
37,032,658
7,194,119
6,923,370
44,493
36,325
2,862,461
80,924
364,162
54,538,511
757,606,729
Page | 68

AUDITORS ADDITIONAL DISCLOSURE
BSEC deficiency letter ref: BSEC/CI/IPO-215/2013/2894 dated December 12, 2013
1. Explanation for not calculating depreciation for the year ended on 30.06.2008 and 30.06.2009;
Our Response: The Company did not calculate depreciation for the year ended on 30.06.2008 and 30.06.09
due to the Company do not starts its commercial operation during the period.
Page | 69
2. Explanation regarding changing of depreciation rates and policy in different years from the year 2009-10;
Our Response: Simtex Industries Limited has changed a Company accounting policy (change of Depreciation
rates and policy) as per BAS- 8 from the financial year 2009-10.
3. Details of accounts receivable for the year ended on 30.06.2012 and for the half year ended on 31.12.2012;
Our Response: The details schedule of accounts receivable has been attached herewith. [Annex: 1]
4. Information as per requirements of Schedule XI, part-1, para (c)(4) of the Company Act, 1994 regarding
revaluation of land and land developments;
Our Response: Information as per requirements of Schedule XI, part-1, para (c) (4) of the Company Act, 1994
regarding revaluation of land and land developments has been incorporated in the accounts.
5. Explanation regarding capitalizing pre-operating expenses amounting to Tk. 3,45,57,912 (Taka three crore forty
five lac fifty seven thousand nine hundred twelve) under the head plant & machinery;
Our Response: The Pre-operating expenses mainly incurred for interest on Term Loan, obtained for financing
Capital Machinery and the interest represents IDCP in terms of agreement with Reliance Finance Limited.
6. Auditors report whether the financial statements for the period ended on 31.12.2012 have been prepared and
audited in adherence to the Securities and Exchange Rules, 1987 or not;
Our Response: Financial statement of 31.12.2012 of Simtex Industries Limited has been prepared in
accordance with Companies Act 1994, Securities and Exchange rules, 1987 and other applicable laws.
7. Details of tax base for calculation of deferred tax for the year ended on 30.06.2012 and for the half year ended
on 31.12.2012;
Our Response: A detail of calculation of deferred tax has been attached herewith. [Annex: 2]
8. Financial ratios for the years 2007-08 to 2011-12 and for the half year ended 31.12.2012 is to be corrected.
Our Response: We are submitting herewith the corrected financial ratios for the years 2007-08 to 2011-12 and
for the half year ended 31.12.2012 and also submitting herewith the latest financial ratios for the year ended on
30.06.2013. [Annex: 3]
Sd/-
Ahmed Zaker & Co.

Issue Managers :
AFC CAPITAL LIMITED

[Annex: 1]
Receivable Against LC as on 30.06.2012
SL #
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
LC No
067312040695 & 0673120409616
067312040702 & 0673120409614
086212043441
0673120409611
167512040712
2969-12-04-0580
1350 12 04 0367
108212041489
134812040577
1010 12 04 0428
086212043372
BBCDAO201444
ILC0796120408965
160912040484
108612040390
086212043283
1351-12-04-1099
174112042647
147812041915
049912040578
147812041910
1351-12-04-1107
093012041242
147812041889
ILC0796120408788
215812040225
094312040649
033812040569
147812041881
101912040357
088812040374
174612040456
010512040323
174612040457
147812041876
095112040062
174112042573
086212043189
106612041014
1351-12-04-1083
174112042571
BBCDAO201363
1080 1204 0569
167512040648
ILC0796120408360
ILC0796120408388
147812041816
168112040265
167512040637
1883-12-04-0129
Issue Managers :
Client's Name
Coast to Coast Group Ltd.
Nassa Group
S M KNITWEARS LIMITED
SILKEN SEWING LTD.
TOTAL MERCHANDISING &TRIMS (TMT)
Turag Garments & Hosiery Mills Limited
New Line Clothings Ltd
Shasha Garments Limited
STERLING STYLES LIMITED
TALISMAN LTD.
ELEGANT FASHION
THE CHITTAGONG FASHION LTD
E.H Fabrics Limited
Nassa Group
ARABI FASHION LIMITED.
JAMUNA DENIMS LIMITED
ABA GROUP
Textil Fashions Ltd.
EPYLLION KNITWEARS LTD
S.B DESIGNS LIMITED
ABA GROUP
ABA GROUP
ELEGANT FASHION
KIMS CORPORATION LTD
DESIGN & SOURCE LTD.
JEANS PLUS LTD
Jade Group
INTERSTOFF APPARELS LTD.
DEBONAIR GROUP
Nassa Group
DBL GROUP
AL-MUSLIM GROUP
NOVEL HURRICANE KNIT GARMENTS LTD.
AST KNITWEAR LTD
DBL GROUP
AVANT GARDE FASHION LTD. (RING SHINE)
TM DESIGNERS LIMITED
STYLO GROUP
SHAGORE GARMENTS LTD
NEWTEX DESIGN LTD.
Pentagon Knit Com Ltd.
AFC CAPITAL LIMITED
Value USD
3,467.20
4,032.70
16,604.02
3,729.00
1,275.60
1,241.16
5,000.40
7,535.35
4,476.80
2,026.44
12,546.20
3,663.75
6,855.84
6,624.75
2,174.65
10,931.00
4,397.36
15,383.45
20,297.90
1,138.80
9,501.83
2,004.00
15,119.70
4,653.60
8,136.75
6,978.58
5,640.00
13,090.30
1,074.21
1,995.56
5,638.00
3,394.00
5,211.04
23,200.00
2,667.64
1,456.90
15,428.00
2,591.50
1,708.63
10,705.75
9,318.06
8,379.15
1,076.85
1,207.20
12,765.32
2,746.70
4,247.25
8,195.20
2,216.74
9,255.60
Value Tk
283,846
330,142
1,359,308
305,279
104,429
101,609
409,364
616,890
366,499
165,897
1,027,110
299,937
561,262
542,343
178,030
894,879
359,995
1,259,385
1,661,712
93,229
777,879
164,060
1,237,792
380,973
666,125
571,310
461,725
1,071,653
87,941
163,369
461,562
277,854
426,608
1,899,296
218,390
119,271
1,263,032
212,156
139,879
876,439
762,834
685,969
88,158
98,829
1,045,048
224,862
347,706
670,910
181,476
757,721
Page | 70

51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
120212040431
086212043105
167612040495
120212040431
ILC0802120408275
1349-12-04-0332
208212040692
108012040548
108212041319
108012040535
086212043051
106612040939
180912040424
020012040429
167512040620
021512040374
019912040029
147812041722
147812041721
194912042222
194912042220
106612040908
305412040185
013812040927
013812040928
013812040929
194912042207
147812041708
147812041708
100912040362
194512041667C
194912042160
560212040084
174112042325
067312040583 & 0673120407932
010512040288
160912040410
067312040587 & 0673120407966
167512040594
147812041640
086212042854
1351-12-04-0654
194912042126
194912042126
1812-12-04-0061
009312042412
174112042296
ILC0796120407307
1351-12-04-0935
1351-12-04-0941
1351-12-04-0937
037012041149
194512041606C
120112040330CTPU
BBCDAO201210
1351-12-04-0929
Issue Managers :
ANTIM KNITTING DYEING & FINISHING LTD

AL-MUSLIM GROUP
FAKIR GROUP
Naba Knit Composite Ltd
INTRAMEX GROUP
RENAISSANCE APPARELS LTD.
APPARELS VILLAGE LTD
Nassa Group
BIRDS GROUP
KAC FASHION WEAR LIMITED
CADTEX GARMENTS LTD.
DIRD COMPOSITE TEXTILES LIMITED.
BENGAL LEISURE WEAR LTD
ABA GROUP
ABA GROUP
ABA GROUP
ABA GROUP
TRUST EMBROIDERY & TRIMS(TET)
M/S. COMPTEX BANGLADESH LTD
TOPAZ DRESSES LTD
METRO Kniting & Dyeing Mills Limited.
IMPRESSIVE GARMENTS(PVT) LIMITED
ABA GROUP
TALISMAN LTD.
Cozier Limited
DEBONAIR GROUP
Nassa Group
ABA GROUP
ABA GROUP
AMICHI APPARELS LTD.
DOREEN ATTIRE LTD
DBL GROUP
ELEGANT FASHION
Padma Limited.
ABA GROUP
LENNY FASHIONS LTD
AST KNITWEAR LTD
AFC CAPITAL LIMITED
21,368.81
22,765.00
6,589.44
40,204.94
3,378.01
1,178.10
6,100.24
5,259.65
14,196.10
2,790.00
12,481.20
1,216.08
5,000.04
2,966.50
3,085.99
1,350.24
6,279.60
8,575.00
21,527.80
1,166.85
996.40
3,903.13
1,433.14
23,168.91
20,798.83
19,218.51
2,167.20
3,926.16
5,139.50
16,073.12
9,892.65
1,808.40
10,199.00
4,163.40
3,612.00
9,157.01
1,053.50
2,346.00
10,492.00
1,453.02
6,607.90
1,779.68
7,114.36
5,811.40
8,226.49
3,124.98
1,000.00
1,489.20
12,117.87
1,830.10
1,068.67
5,559.25
6,498.30
5,469.00
7,619.32
10,034.55
1,749,383
1,863,684
539,452
3,291,426
276,545
96,447
499,403
430,588
1,162,181
228,407
1,021,788
99,556
409,334
242,856
252,638
110,539
514,087
702,003
1,762,399
95,526
81,571
319,534
117,326
1,896,751
1,702,721
1,573,346
177,420
321,420
420,751
1,315,845
809,874
148,047
834,953
340,842
295,701
749,650
86,246
192,058
858,940
118,953
540,964
145,696
582,426
475,757
673,471
255,830
81,866
121,915
992,044
149,823
87,488
455,115
531,991
447,726
623,765
821,490
Page | 71

107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
235412040172
194612040685
153912041764
068612040756 & 0686120407576
167512040565
1336/12/04/0262
141612040749
120112040324CTPU
108012040472
208212040595
101312040359
011712040304
155912040396
011712040304
101312040359
1010 12 04 0347
ILC0796120406979
194912041936
155912040396
0001/12/04/1137
ILC0796120406979
2969-12-04-0420
BBCDAO201149
167512040542
1351-12-04-0902
168112040224
086412040764
068612040710 & 0686120407158
208512040093
088812040293
ILC0796120406682
ILC0796120406703
ILC0796120406703
101312040338
094312040494
194512041453C
120812040545
147812041382
134812040352
106612040716
187712/04/0890
0673120406464
086212042255
106612040686
167512040488
1351-12-04-0798
1560-12-04-0198
167512040476
147812041251
167512040471
BBCDAO200973
1080 1204 0389
ILC0802120405726
1080 1204 0374
2754-12-04-0077
1080 1204 0374
Issue Managers :
Cozier Limited
Nassa Group
GRAMTECH KNIT DYEING FINISHING.
Southern Designers Limited
FORTUNEX LIMITED
GIANT/SHAFI PROCESSING IND. LTDNassa Group
Padma Limited.
NANDAN APPAREL LIMITED
Padma Limited.
Padma Limited.
Shasha Garments Limited
ELEGANT FASHION
TOPAZ DRESSES LTD
Padma Limited.
ELEGANT FASHION
SILKEN SEWING LTD.
LENNY FASHIONS LTD
SKYLINE GROUP
Southern Designers Limited
INTERLINK APPARELS LIMITED
Jade Group
ELEGANT FASHION
STYLO GROUP
STYLO GROUP
Padma Limited.
DAC PACIFIC (BD)LTD
HARVEST RICH LIMITED
Nassa Group
Padma Limited.
ABA GROUP
Padma Limited.
AFC CAPITAL LIMITED
7,010.36
2,233.80
1,544.63
4,909.50
1,204.75
2,452.65
4,424.01
5,723.10
4,393.45
4,167.04
6,195.95
9,546.00
8,024.75
6,515.50
1,028.00
8,494.88
7,464.63
5,875.44
23,272.00
1,950.00
24,237.48
4,747.56
2,168.22
1,055.07
5,433.46
9,144.00
3,560.00
8,142.00
2,715.60
10,797.21
4,633.74
2,487.03
2,750.58
11,211.90
3,452.00
9,794.72
1,806.72
1,102.27
1,273.50
3,378.92
2,594.43
1,032.00
23,238.10
2,133.75
3,952.07
3,982.93
8,529.70
1,018.70
2,150.80
2,288.11
3,940.25
3,896.80
9,425.22
2,902.50
3,818.75
3,792.00
573,912
182,873
126,453
401,922
98,628
200,789
362,177
468,528
359,675
341,140
507,239
781,495
656,956
533,399
84,158
695,444
611,101
481,000
1,905,190
159,639
1,984,230
388,665
177,504
86,375
444,817
748,585
291,444
666,555
222,316
883,927
379,347
203,604
225,180
917,876
282,602
801,857
147,909
90,239
104,257
276,619
212,396
84,486
1,902,415
174,682
323,541
326,067
698,294
83,397
176,078
187,319
322,573
319,016
771,607
237,617
312,627
310,437
Page | 72

163
164
165
166
167
168
169
170
171
172
173
175
176
177
178
179
180
181
182
183
184
186
188
190
086212042126
BBCDAK202801
154912040336
194712040377
1812-12-04-0045
194712040377
1812-12-04-0045
134812040360
194912041493
086412040636
106612040602
134812040352
1351-12-04-0710
106612040592
106612040585
174112041621
094312040371
167512040403
187712/04/0714
086412040591
249012020326
187712/04/0674
1351-12-04-0641
195712040051
Grand Total
AL-MUSLIM GROUP
NORPKNIT INDUSTRIES LTD.
Misami Group
APPAREL CONCEPT LIMITED
DESIGNER JEANS LIMITED
ABA GROUP
SKYLINE GROUP
SEASONS DRESSES LTD
SKYLINE GROUP
PRIMODIAL LIMITED
5,943.70
1,110.20
1,500.00
5,540.28
4,755.09
9,053.36
3,367.72
8,863.86
2,096.90
2,722.77
2,682.92
3,187.80
2,178.16
1,571.45
2,374.10
2,916.11
2,400.00
4,114.10
3,313.29
2,513.00
3,088.40
5,060.64
13,437.50
25,965.00
1,185,614
486,588
90,888
122,799
453,562
389,281
741,164
275,702
725,651
171,665
222,903
219,640
260,973
178,318
128,649
194,359
238,731
196,479
336,806
271,246
205,730
252,836
414,295
1,100,077
2,125,656
97,061,701
Total Receivable (A)
384,610,872
IBP receivable 90%
258,794,254
IBP receivable 100% (B)
287,549,171
Total L/C receivable (A-B)
97,061,701

Receivable Against LC as on 31.12.12
SL #
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
LC No
154912040311
154912040602
120112040443C TPU
BBCDAO202178
086212045705
147812043836
147812043852
65120400631&65120417417
174612040964
094312041230
194912044454
167512041389
033812040973
086212046506
BBCDAK209751
174112045089
108212043235
180912040963
1349-12-04-0632
167512041454
Issue Managers :
Client's Name
ABA GROUP
AL-MUSLIM GROUP
ABA GROUP
IMPRESS-NEWTEX COPPOSITE TEXTILE LTD.
Fashion Knit Garments(HR Textile) Ltd.
ABA GROUP
ADSLTD (A concern of Alif Group)
EVER SMART BANGLADESH LTD.
DBL GROUP
CHAITY GROUP
INTRAMEX GROUP
AFC CAPITAL LIMITED
Value USD
4,918.09
4,715.00
10,383.20
3,775.52
10,372.00
3,309.20
4,422.10
4,954.42
2,688.20
5,217.60
4,281.50
1,911.80
12,000.94
3,631.70
5,348.13
6,383.42
3,250.50
13,200.33
1,819.60
1,105.50
Value Tk
391,501
375,334
826,546
300,547
825,655
263,426
352,018
394,393
213,992
415,343
340,825
152,187
955,325
289,099
425,734
508,147
258,753
1,050,802
144,848
88,002
Page | 73

21
22
23
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25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
167512041458
009312046089
147812044182
167612040980
086412041899
147812044232
086212046917
167512041529
1945 1204 4121C
086212047001
194512044169C
1478 1204 4452
128111040303
128111040303
167512040816
ILC0796120410856
120112040443C TPU
0001/12/04/2129
0001/12/04/2211
7312041080&73120414434
560212040137
1351-12-04-1723
1818-12-04-0151
1818-12-04-0151
147812043343
086212045548
ILC0796120415061
121312040141
121312040141
1351-12-04-1781
106612041853
086212045705
196112040550
196112040552
176012040428
1351-12-1821
BBCDAO202569
021512040885
108212042854
160912040771
1351-12-04-1860
086212045891
167512041328
296912041199
296912041200
296012042140
296012042140
187712/04/2239
120812041326
086212046161
154912041055
ILC0796120416733
7312041325&73120417260
1351-12-04-1987
BBCDAO202787
194912044435
Issue Managers :
LANDMARK FABRICS LIMITED
ABA GROUP
FAKIR GROUP
SKYLINE GROUP
ABA GROUP
Nassa Group
Nassa Group
ABA GROUP
Pioneer Casual Wear Ltd.
Pioneer Casual Wear Ltd.
MEGHNA KNIT COMPOSIT LTD.
ABA GROUP
Advance Composite Textile Limited
TALISMAN LTD.
S.B DESIGNS LIMITED
INTRAMEX GROUP
INTRAMEX GROUP
AL-MUSLIM GROUP
ELEGANT FASHION
Nassa Group
Nassa Group
AL-MUSLIM GROUP
Shadhin Garments (Pvt) Limited
Shadhin Garments (Pvt) Limited
INFINITY SOURCING LTD
S.B DESIGNS LIMITED
AL-MUSLIM GROUP
SILKEN SEWING LTD.
SILKEN SEWING LTD.
Nassa Group
Nassa Group
DAC PACIFIC (BD)LTD
DAC PACIFIC (BD)LTD
STYLO GROUP
FCI (BD) LTD
TOPAZ DRESSES LTD
AFC CAPITAL LIMITED
2,114.00
3,541.50
21,718.90
4,255.10
5,860.30
60,986.80
16,826.44
1,636.80
5,112.85
3,549.50
9,063.60
31,488.80
12,000.03
4,000.01
5,982.97
1,574.65
8,175.20
1,417.00
1,099.40
2,046.00
6,252.25
2,001.00
9,686.10
2,448.00
3,254.82
4,905.40
19,862.03
5,041.70
2,074.15
3,688.78
8,580.73
4,860.00
1,812.25
2,305.00
3,223.19
4,579.01
9,316.72
1,060.78
1,344.25
1,771.54
2,084.10
7,006.30
4,092.80
2,980.24
3,915.67
3,727.36
5,279.57
14,655.43
14,452.10
8,199.08
15,100.12
2,765.65
4,066.50
1,812.29
29,039.60
2,642.44
168,283
281,918
1,728,916
338,724
466,504
4,854,805
1,339,455
130,296
407,004
282,555
721,501
2,506,641
955,253
318,417
476,270
125,349
650,780
112,799
87,517
162,870
497,705
159,288
771,054
194,871
259,097
390,490
1,581,101
401,340
165,111
293,642
683,062
386,876
144,263
183,488
256,579
364,508
741,650
84,443
107,008
141,022
165,903
557,731
325,804
237,240
311,704
296,714
420,276
1,166,634
1,150,448
652,681
1,202,033
220,157
323,710
144,266
2,311,674
210,349
Page | 74

77
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80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
106712040045
195712040234
175912040450
106612042127
1351-12-04-2039
187712/04/2389
106612042177
1351-12-04-2043
1351-12-04-2045
DPCDAO202866
0138 1204 1990
1351-12-04-2048
168112040829
147812044002
194912044523
147812044037
0200 1204 0952
BBCDAK209880
560212040162
019912040069
215812040456
009312046090
167512041456
009312046091
167512041453
020112041230
194912044710
010512040676
1082 1204 3354
2090-12-04-1126
033812041023
147812044200
215812040465
9012040195&90120419303
134812041162
1675 1204 1510
094312041374
147812044221
DPCDAO203125
033812041031
174112045295
BBCDAK210596
2966 1204 0586
ILC0796120418669
2966 1204 0587
086412041939
560212040171
141612041748
BBCDAK210652
1478 1204 4318
1812-12-04-0142
0930 1204 2687
108212043489
1349-12-04-0665
141612041798
147812044385
Issue Managers :

PRIMODIAL LIMITED
JEANS CARE LIMITED
S.B DESIGNS LIMITED
AST KNITWEAR LTD
ABA GROUP
TALISMAN LTD.
TOPAZ DRESSES LTD
DEBONAIR GROUP
SAMAD GROUP
PNASIA CLOTHING LTD
SEASONS DRESSES LTD
Creative Group
Hams Garments Limited
Hams Garments Limited
SKYLINE GROUP
TALISMAN LTD.
GIANT/SHAFI PROCESSING IND. LTDMisami Group
GIANT/SHAFI PROCESSING IND. LTDAMICHI APPARELS LTD.
GEMTEX LIMITED.
Pentagon Knit Com Ltd.
INTRAMEX GROUP
GIANT/SHAFI PROCESSING IND. LTDRENAISSANCE APPARELS LTD.
AFC CAPITAL LIMITED
9,563.40
15,160.60
3,028.40
6,199.05
2,133.24
15,055.75
2,249.00
5,506.91
4,071.16
26,356.00
3,285.75
7,580.12
6,384.30
1,787.80
18,087.00
1,487.20
2,522.80
7,413.94
11,498.50
1,803.75
2,723.12
2,546.55
24,700.85
2,621.25
6,462.50
2,242.60
1,481.26
19,434.48
5,801.55
15,527.20
1,381.60
6,342.92
7,655.95
11,362.88
5,414.25
1,521.30
13,281.66
3,150.00
6,026.16
9,000.53
1,452.90
2,726.40
4,825.63
1,828.97
1,828.68
7,791.90
2,010.00
6,188.60
7,519.30
2,032.80
10,949.40
2,097.78
4,200.00
7,163.82
8,531.54
5,726.92
761,287
1,206,847
241,073
493,470
169,815
1,198,501
179,030
438,373
324,081
2,098,048
261,560
603,409
508,217
142,316
1,439,801
118,387
200,825
590,181
915,329
143,586
216,772
202,716
1,966,291
208,663
514,442
178,520
117,915
1,547,066
461,828
1,236,030
109,981
504,923
609,446
904,533
430,997
121,102
1,057,276
250,753
479,708
716,480
115,657
217,033
384,140
145,594
145,571
620,268
160,004
492,639
598,568
161,819
871,618
166,992
334,338
570,270
679,146
455,887
Page | 75

133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
108012041332
SIL/SFL/01/2012
1945 1204 4222 C
2227 1204 0337
ILC 0802 1204 19407
1082 1204 3556
5602 1204 0179
0033 1204 0382
1082 1204 3556
147812044452
BBCDAK211151
1082 1204 3582
ILC0 7961 2041 9713
1351-12-04-2305
0215 1204 1096
1351-12-04-2296
1086 1204 0986
1080 1204 1381
1080 1204 1382
009312046742
009312046741
106612042555
147812044589
174112045728
0862 1204 7512
ILC0818120420312
2721 1204 1671
0864 1204 2090
1202 1204 1118
093012042977
1202 1204 1131
037012040443
147812043205
215512040290
095112040129
1560-12-04-0573
147812044002
009312045071
1549 1204 1143
BBCDA0203250
ILC0796120406682
ILC0796120410454
120112040443C TPU
ILC0796120411196
194912042931
796120411588
ILC0796120411588
ILC0796120411588
174112044110
135112041672
1351-12-04-1671
215412040424
108012041040
ILC0796120415596
194912044067
236412040055
Issue Managers :

FORTUNEX LIMITED
Indochine China Textile (BD) Ltd.
Fashion Knit Garments(HR Textile) Ltd.
Naba Knit Composite Ltd
TALISMAN LTD.
ABA GROUP
Majumder Group
E.H Fabrics Limited
UP DATE GROUP
URMI GARMENTS LTD
BDG TEXTILEN (BD) LIMITED
DREAM TOP (BD) LIMITED
SKYLINE GROUP
ABA GROUP
Nassa Group
ALLIANCE STITCHES LIMITED
DOREEN ATTIRE LTD
LENNY FASHIONS LTD
ELEGANT FASHION
ELEGANT FASHION
ABA GROUP
ELEGANT FASHION
ABA GROUP
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
STYLO GROUP
Fashion Mine Limited (Aziz Fashion & Padma Safil).
SIGMA GROUP
AFC CAPITAL LIMITED
6,363.50
22,212.75
2,589.50
9,457.48
8,414.00
5,109.50
9,479.25
16,945.20
9,552.30
26,591.60
1,803.60
1,602.00
9,032.00
6,620.87
6,145.68
8,358.99
2,180.00
7,931.64
8,945.66
1,584.00
3,781.80
16,601.48
8,508.44
6,491.50
3,479.07
6,358.80
2,000.00
2,519.82
22,675.48
30,453.50
30,484.89
3,567.67
7,435.50
8,190.00
4,678.10
3,895.85
7,281.30
5,269.67
13,150.80
7,501.32
4,633.74
13,019.70
16,009.00
16,933.77
1,134.90
8,053.80
29,415.70
10,610.20
2,997.50
6,230.87
3,885.19
12,331.10
5,820.51
15,490.42
2,166.85
1,126.50
506,561
1,768,228
206,135
752,855
669,790
406,738
754,588
1,348,909
760,403
2,116,803
143,574
127,526
718,985
527,049
489,222
665,411
173,537
631,392
712,112
126,093
301,047
1,321,548
677,308
516,751
276,949
506,187
159,208
200,588
1,805,063
2,424,227
2,426,725
284,002
591,897
651,958
372,396
310,126
579,622
419,488
1,046,859
597,137
368,865
1,036,423
1,274,384
1,347,999
90,343
641,116
2,341,613
844,616
238,614
496,003
309,277
981,607
463,337
1,233,102
172,490
89,674
Page | 76

189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
ILC0796120415904
ILC0796120416151
021512040911
1949 1204 4332
BBCDAO202739
134812041053
BBCDAK209463
215412040513
086212046498
BBCDAO202867
BBCDAK209751
010512040630
134312041569
174112045195
1351-12-04-2130
009312046095
0001/12/04/2777
101312040944
1675 1204 1511
1478 1204 4231
147812044243
296012042446
167512041544
0093 1204 6404
0093 1204 6408
101312040977
187712/04/2641
Total L/C Receivable
Total Receivable (A)
STYLO GROUP
ELEGANT FASHION
ABA GROUP
FORTUNEX LIMITED
ELEGANT FASHION
Nassa Group
DEBONAIR GROUP
Medona Fashion Limited
AST KNITWEAR LTD
MUAZUDDIN LTD.
Padma Limited.
ABA GROUP
Nassa Group
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
KA DESIGN LTD
15,341.68
35,771.78
3,188.50
18,909.12
7,628.46
7,134.50
2,687.26
27,451.80
20,269.80
2,016.56
10,123.70
4,168.20
4,314.00
10,882.15
5,071.21
2,727.00
11,008.86
8,141.00
2,480.50
7,397.60
10,761.34
7,391.70
2,439.25
9,898.63
32,898.54
7,424.50
9,054.30
1,708,439.66
1,221,262
2,847,584
253,818
1,505,245
607,257
567,936
213,917
2,185,279
1,613,561
160,527
805,889
331,806
343,413
866,265
403,690
217,081
876,351
648,058
197,458
588,880
856,648
588,410
194,175
787,972
2,618,862
591,021
720,760
135,998,972
421,506,248
IBP receivable 90%

IBP receivable 100% (B)
256,956,548
285,507,276
Total L/C receivable (A-B)

IBP 10%
Net receivable
135,998,972
28,550,728
164,549,700
Issue Managers :
AFC CAPITAL LIMITED
Page | 77

[Annex: 2]
2011-12 Tax Base
Particulars
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Amount in Taka
W. D. V As
on 01.07.11
30.06.11
Closing
Balance
W.D V
Opening
Balance As on
01.07.11
141,144,000
128,876,061
176,785,578
45,599
1,006,740
200,084
141,144,000
128,876,061
176,785,578
45,599
1,006,740
200,084
141,144,000
148,717,363
213,708,319
67,058
1,480,500
289,830
448,058,062
448,058,062
11,904,938
1,733,616
3,233,764
72,450
59,150
621,870
40,765
108,500
17,775,053
465,833,115
Cost Value
Addition
during the
year
Depreciation
Closing
Balance As on
30.06.2012
Rate
Opening Balance As on
01.07.11
W. D. V As
on 30.06.12
Charged during the year
Closing
Balance As on
30.06.12
54,660,602
97,010,213
30,579
675,108
9,283,732
7,453,902
124,560
169,238,696
159,366,841
139,277,198
240,349,888
36,479
805,392
36,775,945
17,392,438
1,121,040
595,125,221
159,366,841
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
764,363,917
0%
20%
20%
20%
20%
20%
30%
10%
19,841,302
36,922,741
21,459
473,760
89,746
505,407,070
18,222,841
45,220,437
123,651,782
45,769,847
24,846,340
1,245,600
258,956,847
57,349,008
34,819,300
60,087,472
9,120
201,348
9,193,986
7,453,902
124,560
111,889,688
11,904,938
1,733,616
3,233,764
72,450
59,150
621,870
40,765
108,500
17,775,053
16,407,768
2,277,201
3,935,754
115,000
84,500
910,500
51,822
155,000
23,937,545
12,970,900
3,122,935
4,374,591
1,452,000
31,899
155,000
22,107,325
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
20%
15%
10%
30%
30%
20%
20%
30%
4,502,830
543,585
701,990
42,550
25,350
288,630
11,057
46,500
6,162,492
4,975,168
728,483
760,836
21,735
17,745
414,774
14,533
79,050
7,012,323
9,477,999
1,272,068
1,462,826
64,285
43,095
703,404
25,590
125,550
13,174,816
19,900,669
4,128,068
6,847,520
50,715
41,405
1,659,096
58,131
184,450
32,870,054
465,833,115
529,344,615
281,064,172
810,408,787
63,511,500
118,902,010
182,413,511
627,995,276
DEFERRED TAX LIABILITY

Carrying Value
Tax Base
Effective Tax Rate
Less: Opening Balance
Deferred Tax Expense/(Income)
Issue Managers :
AFC CAPITAL LIMITED
Taka
701,261,128
627,995,276
73,265,852
10%
7,326,585
7,326,585
Page | 78

2011-12 Carring Amount
Particulars
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Amount in Taka
W. D. V As on
01.07.11
30.06.11
Closing
Balance
W.D V
Opening
Balance As on
01.07.11
Cost Value
Addition
during the
year
141,144,000
128,876,061
176,785,578
45,599
1,006,740
200,084
141,144,000
128,876,061
176,785,578
45,599
1,006,740
200,084
141,144,000
148,717,363
213,708,319
67,058
1,480,500
289,830
448,058,062
448,058,062
505,407,070
18,222,841
45,220,437
123,651,782
45,769,847
24,846,340
1,245,600
258,956,847
11,904,938
1,733,616
3,233,764
72,450
59,150
621,870
40,765
108,500
17,775,053
465,833,115
11,904,938
1,733,616
3,233,764
72,450
59,150
621,870
40,765
108,500
17,775,053
465,833,115
16,407,768
2,277,201
3,935,754
115,000
84,500
910,500
51,822
155,000
23,937,545
529,344,615
12,970,900
3,122,935
4,374,591
1,452,000
31,899
155,000
22,107,325
281,064,172
Issue Managers :
AFC CAPITAL LIMITED
Opening
Balance As on
01.07.11
Depreciation
Charged
during the
year
W. D. V As on
30.06.12
Closing Balance
As on 30.06.2012
Rate
159,366,841
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
764,363,917
0%
10%
10%
10%
10%
10%
10%
10%
19,841,302
36,922,741
21,459
473,760
89,746
57,349,008
15,148,628
23,861,147
4,560
100,674
2,308,501
1,242,317
62,280
42,728,107
34,989,930
60,783,888
26,019
574,434
2,398,247
1,242,317
62,280
100,077,115
159,366,841
158,947,870
276,576,213
41,039
906,066
43,661,430
23,604,023
1,183,320
664,286,803
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
810,408,787
10%
10%
10%
15%
15%
10%
10%
20%
4,502,830
543,585
701,990
42,550
25,350
288,630
11,057
46,500
6,162,492
63,511,500
1,839,039
329,508
542,106
10,868
8,873
134,787
5,671
37,200
2,908,052
45,636,158
6,341,870
873,093
1,244,096
53,418
34,223
423,417
16,728
83,700
9,070,545
109,147,659
23,036,798
4,527,043
7,066,249
61,583
50,278
1,939,083
66,993
226,300
36,974,325
701,261,128
Closing Balance
As on 30.06.12
Page | 79

for the period ended 31 December 2012
Tax Base
Particulars
Amount in Taka
01.07.12
W.D V
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
31.12.12
Closing
Balance
W.D V
Opening
Balance As on
01.07.12
Cost Value
Addition
Revaluation
during the
Surplus
period
96,823,101
139,277,198
240,349,888
36,479
805,392
36,775,945
17,392,438
1,121,040
595,125,221
96,823,101
139,277,198
240,349,888
36,479
805,392
36,775,945
17,392,438
1,121,040
595,125,221
96,823,101
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
701,820,177
4,174,695
36,439,544
1,150,000
2,256,900
2,000,000
1,000,000
47,021,139
19,900,669
4,128,068
6,847,520
50,715
41,405
1,659,096
58,131
184,450
32,870,054
19,900,669
4,128,068
6,847,520
50,715
41,405
1,659,096
58,131
184,450
32,870,054
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
627,995,276
627,995,276
747,865,047
Closing
Balance As on
31.12.12
103,668,899
Rate
Opening
Balance As on
01.07.12
Depreciation
Addition
during the
period
Closing
Balance As on
31.12.12
0%
20%
20%
20%
20%
20%
30%
10%
103,668,899
200,492,000
198,112,495
373,799,645
67,058
2,630,500
48,316,577
26,846,340
2,245,600
852,510,215
54,660,602
97,010,213
30,579
675,108
9,283,732
7,453,902
124,560
169,238,696
14,136,455
25,856,966
3,648
138,039
3,790,439
2,758,866
81,052
46,765,465
68,797,056
122,867,179
34,227
813,147
13,074,172
10,212,768
205,612
216,004,160
200,492,000
129,315,439
250,932,466
32,831
1,817,353
35,242,405
16,633,572
2,039,988
636,506,055
8,250,000
1,448,140
1,307,156
1,000,000
16,140
18,000
12,039,436
20%
15%
10%
30%
30%
20%
20%
30%
37,628,668
6,848,276
9,617,501
115,000
84,500
3,362,500
99,861
328,000
58,084,306
9,477,999
1,272,068
1,462,826
64,285
43,095
703,404
25,590
125,550
13,174,816
2,402,567
363,910
375,055
7,607
6,211
215,910
6,620
29,018
3,406,897
11,880,567
1,635,978
1,837,880
71,892
49,306
919,314
32,210
154,568
16,581,714
25,748,101
5,212,298
7,779,621
43,108
35,194
2,443,186
67,651
173,433
41,502,592
59,060,575
103,668,899
910,594,521
182,413,511
50,172,362
232,585,874
DEFERRED TAX LIABILITY: Tk.9,485,242
678,008,647
Amount in Taka
31.12.2012
772,861,071
678,008,647
94,852,424
10%
9,485,242
7,326,585
2,158,657
Carrying Value
Tax Base
Effective Tax Rate
Issue Managers :
W. D. V As on
31.12.12
AFC CAPITAL LIMITED
Page | 80

for the period ended 31.12.12
Carring Amount
Particulars
Amount in Taka
01.07.12
W.D V
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
31.12.12
Closing
Balance
W.D V
Opening
Balance As on
01.07.12
Cost Value
Addition
Revaluation
during the
Surplus
period
96,823,101
158,947,870
276,576,213
41,039
906,066
43,661,430
23,604,023
1,183,320
664,286,803
96,823,101
158,947,870
276,576,213
41,039
906,066
43,661,430
23,604,023
1,183,320
664,286,803
96,823,101
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
701,820,177
4,174,695
36,439,544
1,150,000
2,256,900
2,000,000
1,000,000
47,021,139
23,036,798
4,527,043
7,066,249
61,583
50,278
1,939,083
66,993
226,300
36,974,325
23,036,798
4,527,043
7,066,249
61,583
50,278
1,939,083
66,993
226,300
36,974,325
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
701,261,128
701,261,128
747,865,047
Issue Managers :
Closing
Balance As on
31.12.12
Opening
Balance As on
01.07.12
Closing
Balance As on
31.12.12
W. D. V As on
31.12.12
0%
10%
10%
10%
10%
10%
10%
10%
103,668,899
200,492,000
198,112,495
373,799,645
67,058
2,630,500
48,316,577
26,846,340
2,245,600
852,510,215
34,989,930
60,783,888
26,019
574,434
2,398,247
1,242,317
62,280
100,077,115
8,051,761
14,739,799
2,052
74,053
2,239,494
1,230,201
84,166
26,421,527
43,041,691
75,523,687
28,071
648,487
4,637,741
2,472,518
146,446
126,498,641
200,492,000
155,070,804
298,275,958
38,987
1,982,013
43,678,836
24,373,822
2,099,154
726,011,574
8,250,000
1,448,140
1,307,156
1,000,000
16,140
18,000
12,039,436
10%
10%
10%
15%
15%
10%
10%
20%
37,628,668
6,848,276
9,617,501
115,000
84,500
3,362,500
99,861
328,000
58,084,306
6,341,870
873,093
1,244,096
53,418
34,223
423,417
16,728
83,700
9,070,545
1,358,090
262,556
385,991
4,619
3,771
121,954
3,753
23,530
2,164,264
7,699,961
1,135,649
1,630,087
58,036
37,993
545,371
20,482
107,230
11,234,809
29,928,707
5,712,627
7,987,414
56,964
46,507
2,817,129
79,379
220,770
46,849,497
59,060,575
103,668,899
910,594,521
109,147,659
28,585,790
137,733,450
772,861,071
AFC CAPITAL LIMITED
103,668,899
Rate
Depreciation
Charged
during the
period
Page | 81

[Annex: 3]
Khagan, Birulia, Savar
Dhaka, Bangladesh
Page | 82
Auditors Certificate Regarding Ratio Analysis

This is to certify that Simtex Industries Limited has maintained the following ratios as computed on the basis of the
audited financial statements for the year ended June 30, 2013, 2012, 2011, 2010 and 2009.
Particulars
30.06.2013
30.06.2012
30.06.2011 30.06.2010
Ratio
30.06.2009
Liquidity Ratios: (Times)

Current Ratio
Quick Ratio
Times Interest Earned Ratio
Debt to Equity Ratio
1.51
0.94
1.77
1.68
1.21
0.62
1.83
1.77
1.48
1.17
2.00
2.65
1.94
1.72
1.77
2.70
2.23
1.33
2.76
Operating Ratios: (Times)

Accounts Receivable Turnover Ratio
Inventory Turnover Ratio
Asset Turnover Ratio
6.12
5.31
0.99
3.84
5.76
0.97
2.90
9.16
1.13
1.68
9.90
0.84
Profitability Ratios:
Gross Margin Ratio
22.67%
22.25%
22.50%
22.71%
Operating Income Ratio
20.21%
19.65%
19.93%
18.89%
Net Income Ratio (Before Tax)
8.39%
8.92%
9.98%
8.23%
Net Income Ratio (After Tax)

Return on Assets Ratio
Return on Equity Ratio
Earnings Per Share (EPS)
7.08%
7.04%
19.17%
3.21
7.28%
7.06%
22.16%
7.14
9.31%
10.53%
38.62%
7.92
8.23%
6.91%
25.74%
5.59
Issue Managers :
AFC CAPITAL LIMITED

BSEC deficiency letter ref: BSEC/CI/IPO-215/2013/485 dated July 8, 2014
1.
Segregated amount of land and land development from the year ended on 30.06.2009 to 30.06.2013;
Response to the above: The Segregated amount of land and land development cost from the year ended on 30.06.2009 to
30.06.2013 are as follows:
Particulars
Land
Land Development
Revaluation Surplus
Total
2.
2008-09
840,775
3,209,485
62,543,740
66,594,000
2009-10
840,775
3,209,485
62,543,740
66,594,000
2010-11
58,602,450
19,997,810
62,543,740
141,144,000
2011-12
58,602,450
38,220,651
62,543,740
159,366,841
2012-13
58,602,450
38,720,851
103,668,899
200,992,200
Explanations regarding capitalizing pre-operating expenses amounting to Tk. 3,45,57,912 (Taka three core forty five lac
fifty seven thousand nine hundred twelve) under the head plant & machinery as on 30.06.2009;
Response to the above: The major portion of the Pre-operating expenses Tk. 33,355,747 i.e. 96.52% incurred against
interest on long term Loan against procuring capital machineries and balance amount related with the capital machinery
installations expenses. The interest expenses have been calculated in terms of agreement with Reliance Finance Ltd. The
said Expenses have been capitalized with the total cost of machinery.
3.
Statement of cash flow for the year ended on 30.06.2009 and 30.06.2010 are be included in the auditors report under
section 135 (1), paragraph 24(1) of part II of third Schedule of the Companies Act 1994;
Response to the above: The Statement of cash flow for the year ended on 30.06.2009 and 30.06.2010 has been included
in the auditors report under section 135 (1), paragraph 24(1) of part II of third Schedule of the Companies Act 1994.
4.
Beginning cash balance for the year ended on 30.06.2010 is different than ending cash balance for the year ended on
30.06.2009 as shown in cash flow statement for the year ended on 30.06.2010;
Response to the above: The corrected statement of cash Flows are as follows:
PARTICULARS
Interest Paid
Net Cash from Operating Activities:(A)
Acquisition of Fixed Assets
Net Cash used in Investing Activities:(B)
Short Term Loan
Long Term Loan
Net Cash used in Financing Activities:(C)
Net increase/decrease in cash & Cash equivalents:(A+B+C)
Issue Managers :
AFC CAPITAL LIMITED
Amount in Taka
30.06.2010
30.06.2009
137,302,314
(287,965,761)
(36,181,868)
(186,845,315)
(35,530,142)
(35,530,142)
(12,559,417)
(12,559,417)
(134,992,935)
(134,992,935)
36,000,000
126,153,152
37,074,174
199,227,326
(177,406)
3,199,803
3,022,397
8,000,000
16,621,273
144,821,652
169,442,925
(1,080,152)
4,279,955
3,199,803
Page | 83

5.
Explanations regarding changing of depreciation rates and policy in different years from the year ended on 30.06.2010;
Response to the above: Simtex Industries Limited has changed Companys accounting policy (change of Depreciation
rates and policy) as per BAS- 8 from the year ended 30.06.2010 and subsequent years.
6.
Financial ratios are to be corrected adjusting the inland bill purchase (IBP) with accounts receivable for the year ended
on 30.06.2010 and 30.06.2011. Diluted EPS is to be shown in addition to the basic EPS;
Response to the above: Financial ratios have been corrected after adjusting the inland bill purchase (IBP) with accounts
receivable for the year ended on 30.06.2010 and 30.06.2011. Diluted EPS is shown in addition to the basic EPS. The
ratios are as follows:
30.06.2013 30.06.2012 30.06.2011 30.06.2010 30.06.2009
Particulars
Ratio
7.

Current Ratio
1.51
1.21
1.48
1.94
2.23
Quick Ratio
0.94
1.77
0.62
1.83
1.17
2.00
1.72
1.77
1.33
-
1.68
1.77
2.65
2.70
2.76

6.12
5.31
0.99
8.22
5.76
0.97
7.41
9.16
1.13
2.91
9.90
0.84
Gross Margin Ratio
22.67%
20.21%
22.25%
19.65%
22.50%
19.93%
22.71%
18.89%
Net Income Ratio

Basic Earnings Per Share (EPS)
Diluted Earnings Per Share (EPS)
7.08%
7.04%
19.17%
3.21
3.21
7.28%
7.06%
22.16%
7.14
7.14
9.31%
10.53%
38.62%
7.92
7.92
8.23%
6.91%
25.74%
5.59
5.59
All extra-ordinary income or non-recurring income coming from other than core operations should be shown separately
while showing the Net Profit as well as the Earning Per share for the last 04 (four) years;
Response to the above: Earnings per shares excluding extra-ordinary income or non-recurring income coming from
other than core operations for the last 04 (Four) years are as under:
Particulars
Net profit before Tax
Less: Other Income
Net profit before tax except other income
Less: Provision for Taxation
Less: Deferred Tax
Net profit after tax except other income
No. of shares
Earnings per Share (EPS)
Issue Managers :
AFC CAPITAL LIMITED
30.06.2013
94,892,659
94,892,659
(9,489,266)
(5,273,721)
80,129,672
28,750,000
2.79
Amount in Taka
30.06.2012
30.06.2011
87,479,784
84,838,960
(10,018)
(22,202)
87,469,766
84,816,758
(8,746,977)
(8,481,676)
(7,326,585)
71,396,204
76,335,082
10,000,000
9,995,000
7.14
7.64
30.06.2010
27,926,341
27,926,341
(2,792,634)
25,133,707
5,000,000
5.03
Page | 84

8.
Details of accounts receivable for the year ended on 30.06.2012 and 30.06.2013;
Response to the above: Details of accounts receivable for the year ended on 30.06.2012 and 30.06.2013 are as follows:
SL No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
L/C Number
0370 1104 3034
0056 3123 6514
1884 1104 0181
0370 1104 3102
0796110418047
1351 1104 1640
1351 1104 1463
1351 1104 1579
ILC0816110415881
1549 1104 0900
1957 1104 0410
0132 1104 2478
1010 1104 0788
1675 1104 1327
1351 1104 1519
1343 1104 1101
1877 1104 1325
9301 1104 2147
194512040024D
0370 1104 3626
0338 1104 0173
1961 1104 0502
121111041078 CTPO
1818 1104 0247
1549 1204 0116
2082 1104 1319
1478 1204 0358
1351 1104 1818
1349 1204 0004
1349 1104 0643
13511 1204 2041
1351 1104 1973
0093 1204 0007
1478 1104 3212
0001 1204 0350
0001 1204 0290
1201 1104 0053
1478 1204 0359
1010 1104 0788
6651 2040 1751
2966 1204 0003
1416 1104 1662
2960 1104 2229
1478 1204 0553
0096 1104 0513
1877 1104 1906
ILC0796110405852
1816 1104 1988
194512040305D
0370 1204 0056
1080 1204 0148
1010 1104 0788
1478 1104 3947
1549 1104 0901
1549 1204 0070
1877 1104 1882
1956 1104 0382
1675 1104 1301
1877 1104 1920
0370 1104 3298
1675 1204 0062
Issue Managers :

Schedule of Accounts Receivable as on 30.06.2012
RECEIVABLE
PARTY NAME
(TK.)
763,355
SCANDEX KNITWEAR LTD.
989,203
697,884
H M LIMITED
2,500,558
STYLO GROUP
165,256
ELEGANT FASHION
1,193,718
ELEGANT FASHION
1,787,167
ELEGANT FASHION
1,072,612
SHIFA
781,253
1,343,111
PRIMODIAL LIMITED
911,685
SHIFA
276,116
SHASHA GARMENTS LIMITED
115,224
1,343,413
ELEGANT FASHION
1,458,708
MEDONA FASHION LTD.
152,480
HARVEST RICH
214,442
AMAN GROUP
177,957
CROSSWEAR
495,734
H M LIMITED
1,078,562
2,061,525
SHADHIN GARMENTS
231,866
ABA GROUP
247,322
INTRAMEX KNITWEAR LTD.
345,963
406,971
604,473
NEWTEX DESIGN
133,312
369,565
562,891
233,250
ELEGANT FASHION
582,674
ELEGANT FASHION
2,014,818
DOREEN ATTIRE LTD.
714,625
NEWTEX DESIGN
404,243
MUAZUDDIN LTD.
955,924
MUAZUDDIN LTD.
358,567
NASSA GROUP
694,168
NEWTEX DESIGN
207,820
149,334
FASHION KNIT(HR TEXTILE) LTD.
363,201
HAMS GARMENTS LTD.
207,332
ISLAM GAR
181,914
NASSA GROUP
171,823
EPYLLION KNITWEARS LTD.
1,389,486
EAST WEST BD INC.
253,604
HARVEST RICH
109,955
SKYLINE GROUP
77,767
NASSA GROUP
1,157,073
EPCOT APPARELS LTD.
549,052
H M LIMITED
192,635
APPARELS VILLAGE LTD.
966,773
147,712
ABA GROUP
4,002,332
1,081,695
479,698
HARVEST RICH
1,004,970
OSANIAN
341,222
142,708
HARVEST RICH
1,526,552
H M LIMITED
2,086,081
383,424
AFC CAPITAL LIMITED
INLAND BILL
PURCHASE (IBP)
687,020
890,283
628,096
2,250,502
148,730
1,074,346
1,608,451
965,350
703,128
1,208,800
820,516
248,504
103,702
1,209,072
1,312,837
137,232
192,998
160,162
446,161
970,706
1,855,372
208,679
222,590
311,367
366,274
544,026
119,981
332,609
506,602
209,925
524,407
1,813,336
643,162
363,818
860,332
322,710
624,751
187,038
134,400
326,881
186,599
163,723
154,641
1,250,538
228,243
98,959
69,991
1,041,366
494,147
173,371
870,096
132,941
3,602,099
973,526
431,728
904,473
307,100
128,437
1,373,897
1,877,473
345,082
NET
RECEIVABLE
76,336
98,920
69,788
250,056
16,526
119,372
178,717
107,261
78,125
134,311
91,168
27,612
11,522
134,341
145,871
15,248
21,444
17,796
49,573
107,856
206,152
23,187
24,732
34,596
40,697
60,447
13,331
36,957
56,289
23,325
58,267
201,482
71,462
40,424
95,592
35,857
69,417
20,782
14,933
36,320
20,733
18,191
17,182
138,949
25,360
10,995
7,777
115,707
54,905
19,263
96,677
14,771
400,233
108,170
47,970
100,497
34,122
14,271
152,655
208,608
38,342
Page | 85

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3035 1104 1525

BBCDAO116418
1478 1104 3897
1550 1204 0039
1478 1204 0647
1478 1204 0435
BBCDAK200418
1478 1204 0614
1350 1204 0059
0930 1104 1943
1086 1104 0491
0338 1204 0265
1066 1104 2012
1066 1204 0058
1086 1104 0492
0338 1204 0211
1877 1204 0272
1949 1104 3383
0093 1104 7197
1949 1104 4551
1949 1104 5144
1478 1204 0538
1549 1204 0117
1013 1204 0112
1877 1204 0023
0370 1104 3622
1351 1204 0027
1343 1204 0148
1082 1204 0437
0093 1104 7197
0093 1104 6917
1539 1204 0828
2090 1204 0151
1082 1204 0260
1348 1204 0069
1478 1204 0759
1747 1104 0742
0864 1204 0035
0864 1204 0211
3035 1204 0130
1351 1104 2135
1348 1204 0077
3035 1204 0154
3053 1204 0014
1351 1104 2041
0001 1204 0595
1949 1104 5725
BBCDAK200257
1755 1204 0032
1351 1104 2122
0742 1204 0021
6811 2040 1021
2161 1104 0194
2161 1104 0181
0370 1204 0458
0370 1204 0465
1351 1104 2120
1478 1204 0358
BBCDAK200182
0370 1204 0460
0330 1204 0306
1086 1204 0043
1555 1204 0394
1351 1204 0219
0943 1204 0181
0930 1204 0353
1675 1204 0116
1675 1204 0115
0370 1204 0464
Issue Managers :
INDOCHINE CHINA
NORBAN COMTEX
ABA GROUP
E.H FABRICS LIMITED
EPCOT APPARELS LTD.
E.H FABRICS LIMITED
HARVEST RICH
ABA GROUP
DOREEN ATTIRE LTD.
ABA GROUP
ABA GROUP
NEWTEX DESIGN
FORTIES GARMENTS
HARVEST RICH
H M LIMITED
ELEGANT FASHION
MEDONA FASHION LTD.
TURAG GARMENTS & HOSIERY MILLS LIMITED
DOREEN ATTIRE LTD.
DOREEN ATTIRE LTD.
FORTUNEX LIMITED
NEW LINE CLOTHINGS LTD.
NASSA GROUP
SKYLINE GROUP
SAMS ATTIRE LTD.
S.B DESIGNS LIMITED
SAMS ATTIRE LTD.
PARKSTAR APPAREL LIMITED
MUAZUDDIN LTD.
ABA GROUP
H M LIMITED
GIANT/SHAFI PROCESSING IND. LTDSCANDEX KNITWEAR LTD.
NASSA GROUP
NASSA GROUP
H M LIMITED
H M LIMITED
NEW TEX
H M LIMITED
E.H FABRICS LIMITED
JANN COMPOSITE
S.B DESIGNS LIMITED
SEASONS DRESSES LTD.
ABA GROUP
H M LIMITED
AFC CAPITAL LIMITED
184,804
843,921
218,781
329,309
349,465
297,058
1,015,865
440,273
1,277,081
178,471
101,352
695,258
244,598
648,032
402,882
283,592
170,358
2,523,145
983,576
2,921,401
95,816
478,711
821,349
107,734
238,004
1,168,519
476,757
445,094
910,706
1,198,937
316,706
1,174,359
1,717,488
174,987
417,281
581,030
809,856
392,058
376,248
112,385
102,432
192,725
517,864
323,303
574,593
415,543
2,290,345
631,948
89,144
210,877
640,801
284,869
573,303
560,137
2,110,206
1,674,597
163,509
458,030
62,711
2,324,394
462,656
115,378
169,228
423,531
749,475
1,075,113
138,118
378,638
1,217,958
166,323
759,529
196,903
296,378
314,519
267,352
914,279
396,246
1,149,373
160,624
91,217
625,732
220,138
583,229
362,594
255,233
153,322
2,270,831
885,218
2,629,261
86,234
430,840
739,214
96,961
214,204
1,051,667
429,082
400,584
819,635
1,079,044
285,035
1,056,924
1,545,739
157,489
375,553
522,927
728,870
352,852
338,623
101,146
92,189
173,452
466,078
290,973
517,134
373,989
2,061,310
568,753
80,229
189,789
576,721
256,382
515,973
504,123
1,899,185
1,507,137
147,158
412,227
56,440
2,091,954
416,390
103,840
152,305
381,178
674,527
967,602
124,306
340,774
1,096,162
18,480
84,392
21,878
32,931
34,947
29,706
101,587
44,027
127,708
17,847
10,135
69,526
24,460
64,803
40,288
28,359
17,036
252,315
98,358
292,140
9,582
47,871
82,135
10,773
23,800
116,852
47,676
44,509
91,071
119,894
31,671
117,436
171,749
17,499
41,728
58,103
80,986
39,206
37,625
11,238
10,243
19,272
51,786
32,330
57,459
41,554
229,034
63,195
8,914
21,088
64,080
28,487
57,330
56,014
211,021
167,460
16,351
45,803
6,271
232,439
46,266
11,538
16,923
42,353
74,947
107,511
13,812
37,864
121,796
Page | 86

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0370 1204 0459

1681 1204 0016
ILC0796120402344
ILC0796120402344
1478 1204 0778
1351 1104 1973
1351 1204 0028
3045 1204 0018
1609 1204 0024
194512040486 D
6651 2040 3982
2085 1204 0044
1675 1204 0160
6811 2040 2049
194512040117A
1675 1204 0261
1478 1204 0942
0432 1204 0053
1877 1204 0093
0370 1204 0130
1877 1204 0287
1348 1104 0851
1351 1204 0325
1351 1204 0322
1351 1204 0131
1478 1104 3626
1609 1204 0166
1877 1204 0117
2158 1204 0033
6651 2040 3724
1741 1104 4926
1949 1204 0510
1066 1204 0226
0930 1204 0496
1349 1204 0093
0862 1204 0791
0862 1204 1502
1675 1204 0271
1877 1204 0576
0338 1204 0320
1478 1204 0834
1478 1204 0361
1067 1104 0061
0117 1204 0033
0117 1204 0030
0117 1204 0030
1877 1204 0182
1675 1204 0180
1949 1104 5615
1949 1204 0861
0105 1204 0107
1818 1204 0046
1949 1204 0465
1949 1104 4767
1478 1204 0259
ILC0796120404167
1549 1204 0199
1549 1204 0160
ILC0796120402560
1351 1204 0151
1609 1204 0169
1082 1204 0378
1877 1204 0452
1351 1104 1651
1019 1204 0124
ILC0796120400024
1351 1204 0418
194511043988C
1675 1204 0259
Issue Managers :
H M LIMITED
NEW TEX DESIGN
ELEGANT FASHION
ELEGANT FASHION
THE CHITTAGONG FASHION LTD.
CROSSWEAR
GRANVILLE GROUP
NAILA FASHION
INDOCHINE CHINA
HARVEST RICH
H M LIMITED
HARVEST RICH
FORTUNEX LIMITED
ABA GROUP
FAKIR FASHION LTD
KIMS CORPORATION LTD.
JAMUNA DENIMS
ABA GROUP
ABA GROUP
INTRAMEX GROUP
AL-MUSLIM
AL-MUSLIM
PANWIN GARMENTS
FORTUNEX LIMITED
HARVEST
TOPAZ DRESSES LTD.
TOPAZ DRESSES LTD.
DEBONAIR GROUP
ABA GROUP
ABA GROUP
ABA GROUP
SHAGORE GARMENTS LTD.
MISAMI GROUP
MISAMI GROUP
PENTAGON KNIT
HARVEST RICH
JEANS PLUS LTD.
ELEGANT FASHION
ABA GROUP
INDOCHINE CHINA
AFC CAPITAL LIMITED
2,275,096
431,474
193,910
316,319
210,315
2,032,564
932,697
265,842
275,016
833,248
726,365
168,539
250,215
204,806
927,273
87,306
454,260
162,818
146,788
2,034,705
168,561
114,392
498,182
124,887
459,155
274,257
266,522
317,276
478,475
367,651
446,206
103,730
225,318
209,978
267,506
722,696
692,530
197,422
299,821
1,075,163
264,843
216,627
315,550
170,893
453,725
133,145
1,274,834
203,976
511,914
240,093
946,626
483,054
485,411
271,489
871,859
680,407
616,487
938,075
208,251
243,438
175,162
304,302
225,308
68,700
141,681
1,429,714
853,311
1,151,609
219,589
2,047,587
388,326
174,519
284,687
189,284
1,829,308
839,427
239,258
247,514
749,923
653,728
151,685
225,194
184,325
834,546
78,576
408,834
146,536
132,109
1,831,234
151,705
102,953
448,364
112,398
413,240
246,831
239,870
285,549
430,627
330,886
401,585
93,357
202,786
188,981
240,755
650,427
623,277
177,680
269,839
967,647
238,359
194,964
283,995
153,804
408,353
119,830
1,147,351
183,578
460,723
216,084
851,964
434,748
436,870
244,340
784,673
612,366
554,838
844,267
187,426
219,094
157,646
273,872
202,777
61,830
127,513
1,286,742
767,980
1,036,448
197,630
227,510
43,147
19,391
31,632
21,032
203,256
93,270
26,584
27,502
83,325
72,636
16,854
25,022
20,481
92,727
8,731
45,426
16,282
14,679
203,470
16,856
11,439
49,818
12,489
45,916
27,426
26,652
31,728
47,847
36,765
44,621
10,373
22,532
20,998
26,751
72,270
69,253
19,742
29,982
107,516
26,484
21,663
31,555
17,089
45,373
13,314
127,483
20,398
51,191
24,009
94,663
48,305
48,541
27,149
87,186
68,041
61,649
93,807
20,825
24,344
17,516
30,430
22,531
6,870
14,168
142,971
85,331
115,161
21,959
Page | 87

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1478 1204 0885

1082 1204 0260
1945 1204 0980
0864 1204 0249
6731 2040 0598
ILC0802120404797
6731 2040 3601
1080 1204 0166
BBCDAO116414
BBCDAO200339
1877 1204 0402
3053 1204 0178
12080 1204 0295
1681 1204 0097
1478 1204 0614
ILC0796120402344
1741 1104 4740
1478 1204 0759
1471 1104 4740
1550 1204 0047
0862 1204 1795
1550 1204 0189
2969 1204 0215
2966 1204 0022
1416 1204 0298
1812 1204 0025
2084 1204 0183
1351 1204 0640
1351 1204 0326
1066 1204 0336
2090 1204 0239
5602 1204 0020
2158 1204 0078
2158 1204 0091
2965 1204 0011
0742 1204 0043
0864 1204 0643
1009 1204 0201
1741 1204 0243
1741 1204 0243
0943 1204 0285
1416 1204 0299
1082 1204 0637
0864 1204 0586
6731 2040 5042
1348 1204 0269
1809 1204 0188
1741 1204 0060
0862 1204 1466
0001 1204 0840
1549 1204 0114
2090 1204 0240
0885 1204 0098
1877 1104 1571
1086 1201 0050
1086 1204 0078
1086 1204 0080
194512040945C
1919 1204 0572
1949 1204 0285
194512040305D
0370 1204 0608
1349 1204 0168
0093 1204 1820
8662 1204 0889
1351 1204 0639
1675 1204 0284
1675 1204 0260
1478 1204 1093
Issue Managers :

CROSSWEAR
SKYLINE GROUP
COAST TO COAST GROUP LTD.
NABA KNIT COMPOSITE LTD.
HARVEST RICH
DAC PACIFIC (BD)LTD
JAMUNA DENIMS
JAMUNA DENIMS
NORBAN COMTEX
AL-MUSLIM
NORBAN COMTEX
SILKEN SEWING LTD.
HAMS GARMENTS LTD.
GIANT/SHAFI PROCESSING IND. LTDAMICHI APPARELS LTD.
SHANIN GROUP
M/S. COMPTEX BANGLADESH LTD.
FCI (BD) LTD.
CHINA SUPER/ASSOCIATES
NORTHERN GROUP
METRO KNITING & DYEING MILLS LIMITED.
JAMUNA DENIMS
JAMUNA DENIMS
GIANT/SHAFI PROCESSING IND. LTDTURAG GARMENTS & HOSIERY MILLS LIMITED
KNIT ASIA LTD.
JAMUNA DENIMS
AL-MUSLIM
MUAZUDDIN LTD.
OLYMPIC APPARELS LTD.
HARVEST RICH
E.H FABRICS LIMITED
E.H FABRICS LIMITED
E.H FABRICS LIMITED
TOPAZ DRESSES LTD.
TOPAZ DRESSES LTD.
EPCOT APPARELS LTD.
LAND-MARK
AFC CAPITAL LIMITED
622,881
374,800
650,089
350,082
849,505
315,406
115,947
106,233
152,488
498,643
629,842
99,734
494,682
478,243
129,059
307,816
341,410
599,687
192,185
97,493
570,740
437,182
120,804
413,983
304,430
832,525
192,994
136,429
120,805
194,771
1,558,317
556,141
304,236
173,503
367,150
405,452
508,734
792,554
225,732
247,425
103,262
814,651
590,723
84,619
528,825
667,889
250,269
500,190
1,409,763
731,793
1,259,840
1,513,441
308,038
212,503
343,012
71,444
134,324
852,457
418,803
384,110
868,388
166,625
744,092
362,108
129,336
513,376
237,622
116,302
128,982
560,593
337,320
585,080
315,074
764,555
283,865
104,353
95,610
137,240
448,779
566,858
89,761
445,213
430,418
116,154
277,035
307,269
539,719
172,966
87,743
513,666
393,463
108,723
372,585
273,987
749,272
173,695
122,786
108,724
175,294
1,402,486
500,527
273,812
156,153
330,435
364,906
457,860
713,299
203,159
222,682
92,936
733,186
531,650
76,157
475,942
601,100
225,242
450,171
1,268,787
658,613
1,133,856
1,362,097
277,234
191,253
308,710
64,300
120,892
767,212
376,922
345,699
781,549
149,962
669,683
325,897
116,402
462,039
213,860
104,672
116,084
62,288
37,480
65,009
35,008
84,951
31,541
11,595
10,623
15,249
49,864
62,984
9,973
49,468
47,824
12,906
30,782
34,141
59,969
19,218
9,749
57,074
43,718
12,080
41,398
30,443
83,252
19,299
13,643
12,080
19,477
155,832
55,614
30,424
17,350
36,715
40,545
50,873
79,255
22,573
24,742
10,326
81,465
59,072
8,462
52,882
66,789
25,027
50,019
140,976
73,179
125,984
151,344
30,804
21,250
34,301
7,144
13,432
85,246
41,880
38,411
86,839
16,662
74,409
36,211
12,934
51,338
23,762
11,630
12,898
Page | 88

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0370 1204 0463

1478 1204 0933
6731 2040 3609
6731 2040 3382
0138 1204 0711
1949 1204 0239
0862 1204 1766
BBCDAK200182
0338 1204 0437
0338 1204 0438
1957 1204 0051
089812040133
0943 1204 0236
120212040205
167512040360
167512040401
0673120403313
135111042041
147812040840
000112040651
304512040309
160912040258
011712040142
160912040294
101912040019
0673120404981
086212040722
147812041302
086212041502
067312040281
155912040160
108012040389
035712040207
194912041214
100912040217
154912040302
147812041274
147812040359
108012040388
128112040182
083211047003
187712040462
187712040462
215812040126
108012040221
187712040453
187712040746
187712040716
167612040206
147812041276
135112040764
154912040115
194912041540
194512040305
086212042042
147812041275
086212041532
174112041263
106612040506
174112041405
153912041164
296012040481
147812040885
153912041139
0673120404938
ILC'0796120403539
135111042237
249012020326
194512040305D
Issue Managers :
H M LIMITED
ABA GROUP
FAR EAST KNITING & DYEING
TOPAZ DRESSES LTD.
AL-MUSLIM
PRIMODIAL LIMITED
RAWA KNITWEAR
ANTIM KNITTING & DYEING
ELEGANT FASHION
GIANT/SHAFI PROCESSING IND. LTDAzim & Son (Pvt.) Limited
JEANS PLUS LTD.
NASSA GROUP
PANWIN GARMENTS
AL-MUSLIM
BDR TEXTILEN
AHMED FASHION
TOPAZ DRESSES LTD.
MISAMI GROUP
NEW TEX
PIONEER CASUAL WEAR LTD.
HARVEST RICH
HARVEST RICH
HARVEST RICH
HARVEST RICH
HARVEST RICH
FAKIR FASHION LTD
ABA GROUP
TOPAZ DRESSES LTD.
EPCOT APPARELS LTD.
URMI GARMENTS LTD.
AL-MUSLIM
CREATIVE GROUP
DBL GROUP
FORTUNEX LIMITED
NASSA GROUP
FORTUNEX LIMITED
ELEGANT FASHION
ELEGANT FASHION
EPCOT APPARELS LTD.
AFC CAPITAL LIMITED
1,145,177
994,932
64,757
180,996
490,966
888,792
864,102
120,022
960,150
507,180
1,139,387
289,785
154,909
1,699,240
189,105
255,798
663,685
1,678,243
343,191
383,076
722,128
581,574
731,470
170,234
143,677
851,557
1,268,101
1,894,910
513,964
302,098
227,326
467,564
201,339
1,453,816
894,185
128,458
402,219
218,150
630,201
215,869
190,908
133,868
560,769
171,494
95,787
221,651
1,088,065
1,090,295
163,745
83,504
584,252
343,196
91,615
1,147,775
191,989
149,769
525,971
248,087
227,377
203,312
178,529
929,180
239,214
865,306
250,944
1,765,442
1,009,777
162,274
1,015,814
1,030,659
895,439
58,281
162,896
441,870
799,913
777,692
108,020
864,135
456,462
1,025,449
260,806
139,418
1,529,316
170,194
230,218
597,317
1,510,419
308,872
344,768
649,915
523,417
658,323
153,211
129,309
766,402
1,141,291
1,705,419
462,568
271,888
204,593
420,808
181,205
1,308,434
804,766
115,612
361,997
196,335
567,181
194,282
171,817
120,481
504,692
154,344
86,208
199,486
979,259
981,266
147,371
75,154
525,826
308,876
82,453
1,032,998
172,791
134,792
473,374
223,278
204,640
182,981
160,676
836,262
215,293
778,775
225,850
1,588,898
908,799
146,047
914,232
114,518
99,493
6,476
18,100
49,097
88,879
86,410
12,002
96,015
50,718
113,939
28,978
15,491
169,924
18,910
25,580
66,369
167,824
34,319
38,308
72,213
58,157
73,147
17,023
14,368
85,156
126,810
189,491
51,396
30,210
22,733
46,756
20,134
145,382
89,418
12,846
40,222
21,815
63,020
21,587
19,091
13,387
56,077
17,149
9,579
22,165
108,807
109,030
16,375
8,350
58,425
34,320
9,161
114,778
19,199
14,977
52,597
24,809
22,738
20,331
17,853
92,918
23,921
86,531
25,094
176,544
100,978
16,227
101,581
Page | 89

338
339
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343
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347
348
349
350
351
352
353
354
355
356
357
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359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
135112040683
43212040094
194912041319
194911044551
194912040988
154912040071
ILC'0796120406648
174112040983
086212041272
147812041461
147812041251
108/012040472
168112040154
305312040266
000112040935
147812041092
101312040302
296012040419
174111044926
086212041502
086212042255
108212040853
305312040229
194912040502
120112040219CTPU
181612040412
108212041017
019512040208
019512040240
019512040340
021612040238
174112041824
019512040188
208212040549
086212041795
303712040212
147812040942
135112040786
101312040298
108012040190
141612040561
194512040305D
303512040130
086412040323
094312040377
BBCDAK200182
08212041766
108212041144
296912040423
296912040357
174112041621
ILC0796120406703
167512040468
6731 2040 6221
194911044424
305312040183
194712040377
8021 2040 5451
086212042070
147812040259
194512040305D
174112042296
019512040216
108012040374
086412040591
086412040636
108012040389
194912040502
194912041076
Issue Managers :

INDOCINE CHINA
ABA GROUP
ABA GROUP
JAMUNA DENIMS
NASSA GROUP
ABA GROUP
ABA GROUP
Azim & Son (Pvt.) Limited
PADMA LIMITED.
NASSA GROUP
JAMUNA DENIMS
AL-MUSLIM
NASSA GROUP
ARTECH DESIGN
ABA GROUP
NASSA GROUP
NASSA GROUP
SHARMIN GROUP
SHARMIN GROUP
SHARMIN GROUP
NASSA GROUP
JAMUNA DENIMS
SHARMIN GROUP
AL-MUSLIM
PADMA LIMITED.
S.B DESIGNS LIMITED
KA DESIGN
GIANT/SHAFI PROCESSING IND. LTDEPCOT APPARELS LTD.
SAMS ATTIRE LTD.
SKYLINE GROUP
AL-MUSLIM
SILKEN SEWING LTD.
SILKEN SEWING LTD.
JAMUNA DENIMS
STYLO GROUP
ABA GROUP
APPAREL CONCEPT
SONIA & SWEATERS LIMITED
STERLING CREATIONS LTD.
ABA GROUP
EPCOT APPARELS LTD.
DBL GROUP
SHARMIN GROUP
SKYLINE GROUP
SKYLINE GROUP
ABA GROUP
ABA GROUP
AFC CAPITAL LIMITED
515,281
113,214
1,721,054
342,201
1,634,241
1,240,214
521,796
522,267
1,027,351
2,855,991
6,604,159
903,008
353,525
227,410
231,861
267,622
780,867
135,428
181,329
521,806
1,197,519
171,412
196,462
1,162,691
344,281
964,090
473,055
197,644
144,579
84,728
882,772
102,603
1,091,642
442,191
425,029
1,659,582
2,307,240
247,356
166,534
572,556
477,316
361,851
319,623
520,307
166,750
453,199
406,903
1,574,206
106,031
96,066
559,391
1,244,146
91,186
91,370
753,275
505,616
743,393
735,484
365,047
1,147,070
418,389
82,340
131,519
238,505
206,534
223,753
320,122
1,869,664
2,625,006
463,753
101,893
1,548,949
307,981
1,470,817
1,116,193
469,616
470,040
924,616
2,570,392
5,943,743
812,707
318,173
204,669
208,675
240,860
702,780
121,886
163,196
469,625
1,077,767
154,271
176,816
1,046,422
309,853
867,681
425,749
177,880
130,121
76,255
794,495
92,343
982,478
397,972
382,526
1,493,624
2,076,516
222,620
149,881
515,301
429,585
325,666
287,660
468,276
150,075
407,879
366,213
1,416,786
95,428
86,459
503,452
1,119,731
82,067
82,233
677,947
455,054
669,054
661,935
328,542
1,032,363
376,550
74,106
118,367
214,655
185,881
201,377
288,110
1,682,698
2,362,506
51,528
11,321
172,105
34,220
163,424
124,021
52,180
52,227
102,735
285,599
660,416
90,301
35,353
22,741
23,186
26,762
78,087
13,543
18,133
52,181
119,752
17,141
19,646
116,269
34,428
96,409
47,305
19,764
14,458
8,473
88,277
10,260
109,164
44,219
42,503
165,958
230,724
24,736
16,653
57,256
47,732
36,185
31,962
52,031
16,675
45,320
40,690
157,421
10,603
9,607
55,939
124,415
9,119
9,137
75,327
50,562
74,339
73,548
36,505
114,707
41,839
8,234
13,152
23,851
20,653
22,375
32,012
186,966
262,501
Page | 90

407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
0802120408275
101012040194
208512040093
106612040602
187712/04/0674
296612040075
094312040371
167512040488
167512040403
0673120406464
ILC0796120402344
08812040293
180912040424
134811040997
08612042126
174112042571
134812040360
009312041338
009312041536
167512040471
167512040271
187712/04/0890
134812040243
134812040352
134812040350
0673120407966
154912040072
0686120407576
086212041444
175912040051
100912040362
174112042573
0686120407158
086212040256
134812040352
194512040305D
135112040710
101012040347
135112040028
194511043613C
135112040798
249012020326
156012040198
134812040269
135012040367
194512041606C
ILC0796120406703
108012040472
187712040670
147812041876
167512040476
147812041382
187712040714
0673120405123
215812040182
009312042412
155012040190
194512041453c
086212042854
147812040842
147812041816
108212041319
174112040060
168112040224
135112040641
108012040548
120812040545
194712040377
194712040389
Issue Managers :

HARVEST RICH
HAMS GARMENTS LTD.
JADE GROUP
AL-MUSLIM
DBL GROUP
DOREEN ATTIRE LTD.
DOREEN ATTIRE LTD.
HARVEST RICH
SOUTHERN DESIGNERS LIMITED
DAC PACIFIC (BD)LTD
JEANS CARE LTD.
DBL GROUP
HALLS FASHION LTD.
EPCOT APPARELS LTD.
ELEGANT FASHION
INDOCHINE CHINA
PADMA LIMITED.
STYLO GROUP
HARVEST RICH
HARVEST RICH
KNIT ASIA LTD.
DOREEN ATTIRE LTD.
NORBAN COMPTEX
NASSA GROUP
NEWTEX
JAMUNA
DAC PACIFIC (BD)LTD
APPAREL CONCEPT
APPAREL CONCEPT
AFC CAPITAL LIMITED
277,536
227,301
223,164
220,173
415,071
115,187
196,982
324,203
337,485
84,848
113,312
885,292
410,102
688,065
487,455
764,049
726,818
231,966
321,953
187,810
192,269
212,819
369,493
261,435
87,431
192,465
1,306,635
402,495
359,745
1,382,974
1,317,136
1,262,507
666,397
284,712
104,449
313,452
178,463
695,269
1,838,654
338,073
326,122
252,935
698,118
154,645
408,983
531,418
225,085
359,371
256,727
218,306
83,524
90,355
271,079
114,173
126,499
255,448
127,388
800,112
539,870
153,982
347,095
1,159,538
320,318
746,973
1,097,589
429,770
147,797
452,687
419,958
249,783
204,571
200,848
198,155
373,564
103,668
177,284
291,783
303,737
76,363
101,981
796,763
369,091
619,259
438,709
687,644
654,136
208,769
289,758
169,029
173,042
191,537
332,543
235,291
78,688
173,219
1,175,972
362,245
323,770
1,244,677
1,185,422
1,136,256
599,758
256,241
94,004
282,106
160,617
625,742
1,654,788
304,266
293,509
227,641
628,306
139,180
368,085
478,277
202,577
323,434
231,054
196,476
75,171
81,319
243,971
102,756
113,849
229,903
114,649
720,101
485,883
138,583
312,386
1,043,584
288,287
672,275
987,830
386,793
133,017
407,418
377,962
27,754
22,730
22,316
22,017
41,507
11,519
19,698
32,420
33,749
8,485
11,331
88,529
41,010
68,807
48,745
76,405
72,682
23,197
32,195
18,781
19,227
21,282
36,949
26,143
8,743
19,247
130,664
40,249
35,974
138,297
131,714
126,251
66,640
28,471
10,445
31,345
17,846
69,527
183,865
33,807
32,612
25,293
69,812
15,464
40,898
53,142
22,509
35,937
25,673
21,831
8,352
9,035
27,108
11,417
12,650
25,545
12,739
80,011
53,987
15,398
34,710
115,954
32,032
74,697
109,759
42,977
14,780
45,269
41,996
Page | 91

476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
512
513
514
515
516
517
518
519
520
521
522
523
524
525
526
527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543
544
167512040542
033812040569
BBCDAO200973
296612040051
275412040077
086412040764
194912041076
304812040044
088512040098
088812040171
101310040338
195712040051
215812040155
155912040396
167512040565
208212040595
141612040749
021512040374
013812040928
013812040928
067312040695 & 0673120409616
067312040702 & 0673120409614
086212043441
0673120409611
167512040712
2969-12-04-0580
1350 12 04 0367
108212041489
134812040577
1010 12 04 0428
086212043372
BBCDAO201444
ILC0796120408965
160912040484
108612040390
086212043283
1351-12-04-1099
174112042647
147812041915
049912040578
147812041910
1351-12-04-1107
093012041242
147812041889
ILC0796120408788
215812040225
094312040649
033812040569
147812041881
101912040357
088812040374
174612040456
010512040323
174612040457
147812041876
095112040062
174112042573
086212043189
106612041014
1351-12-04-1083
174112042571
BBCDAO201363
1080 1204 0569
167512040648
ILC0796120408360
ILC0796120408388
147812041816
168112040265
167512040637
Issue Managers :
HAMS GARMENTS LTD.
PADMA LIMITED.
SKYLINE GROUP
ABA GROUP
VERSATILE ATTIRE LTD.
JADE GROUP
PADMA LIMITED.
PRIMODIAL LIMITED
PADMA LIMITED.
GIANT/SHAFI PROCESSING IND. LTDDIRD COMPOSITE TEXTILES LIMITED.
NASSA GROUP
SILKEN SEWING LTD.
STERLING CREATIONS LTD.
TALISMAN LTD.
ELEGANT FASHION
E.H FABRICS LIMITED
NASSA GROUP
ABA GROUP
TEXTIL FASHIONS LTD.
S.B DESIGNS LIMITED
ABA GROUP
ABA GROUP
ELEGANT FASHION
JEANS PLUS LTD.
JADE GROUP
DEBONAIR GROUP
NASSA GROUP
DBL GROUP
AL-MUSLIM GROUP
AST KNITWEAR LTD.
DBL GROUP
STYLO GROUP
NEWTEX DESIGN LTD.
AFC CAPITAL LIMITED
86,415
1,069,236
321,315
141,515
311,384
290,307
565,768
175,849
955,133
597,022
913,426
2,115,369
1,057,599
1,895,970
98,151
339,489
360,254
109,953
708,012
658,893
283,846
330,142
1,359,308
305,279
104,429
101,609
409,364
616,890
366,499
165,897
1,027,110
299,937
561,262
542,343
178,030
894,879
359,995
1,259,385
1,661,712
93,229
777,879
164,060
1,237,792
380,973
666,125
571,310
461,725
1,071,653
87,941
163,369
461,562
277,854
426,608
1,899,296
218,390
119,271
1,263,032
212,156
139,879
876,439
762,834
685,969
88,158
98,829
1,045,048
224,862
347,706
670,910
181,476
77,774
962,312
289,183
127,364
280,245
261,276
509,191
158,264
859,619
537,319
822,084
1,903,832
951,839
1,706,373
88,336
305,540
324,229
98,957
637,211
593,003
-
8,642
106,924
32,131
14,152
31,138
29,031
56,577
17,585
95,513
59,702
91,343
211,537
105,760
189,597
9,815
33,949
36,025
10,995
70,801
65,889
283,846
330,142
1,359,308
305,279
104,429
101,609
409,364
616,890
366,499
165,897
1,027,110
299,937
561,262
542,343
178,030
894,879
359,995
1,259,385
1,661,712
93,229
777,879
164,060
1,237,792
380,973
666,125
571,310
461,725
1,071,653
87,941
163,369
461,562
277,854
426,608
1,899,296
218,390
119,271
1,263,032
212,156
139,879
876,439
762,834
685,969
88,158
98,829
1,045,048
224,862
347,706
670,910
181,476
Page | 92

545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
596
597
598
599
600
601
602
603
604
605
606
607
608
609
610
611
612
613
1883-12-04-0129
120212040431
086212043105
167612040495
120212040431
ILC0802120408275
1349-12-04-0332
208212040692
108012040548
108212041319
108012040535
086212043051
106612040939
180912040424
020012040429
167512040620
021512040374
019912040029
147812041722
147812041721
194912042222
194912042220
106612040908
305412040185
013812040927
013812040928
013812040929
194912042207
147812041708
147812041708
100912040362
194512041667C
194912042160
560212040084
174112042325
067312040583 & 0673120407932
010512040288
160912040410
067312040587 & 0673120407966
167512040594
147812041640
086212042854
1351-12-04-0654
194912042126
194912042126
1812-12-04-0061
009312042412
174112042296
ILC0796120407307
1351-12-04-0935
1351-12-04-0941
1351-12-04-0937
037012041149
194512041606C
120112040330CTPU
BBCDAO201210
1351-12-04-0929
235412040172
194612040685
153912041764
068612040756 & 0686120407576
167512040565
1336/12/04/0262
141612040749
120112040324CTPU
108012040472
208212040595
101312040359
011712040304
Issue Managers :
PENTAGON KNIT COM LTD.

AL-MUSLIM GROUP
FAKIR FASHION LTD
INTRAMEX GROUP
NASSA GROUP
BIRDS GROUP
BENGAL LEISURE WEAR LTD.
ABA GROUP
ABA GROUP
ABA GROUP
ABA GROUP
TOPAZ DRESSES LTD.
ABA GROUP
TALISMAN LTD.
COZIER LIMITED
DEBONAIR GROUP
NASSA GROUP
ABA GROUP
ABA GROUP
DOREEN ATTIRE LTD.
DBL GROUP
ELEGANT FASHION
PADMA LIMITED.
ABA GROUP
LENNY FASHIONS LTD.
AST KNITWEAR LTD.
COZIER LIMITED
NASSA GROUP
FORTUNEX LIMITED
GIANT/SHAFI PROCESSING IND. LTDNASSA GROUP
PADMA LIMITED.
AFC CAPITAL LIMITED
757,721
1,749,383
1,863,684
539,452
3,291,426
276,545
96,447
499,403
430,588
1,162,181
228,407
1,021,788
99,556
409,334
242,856
252,638
110,539
514,087
702,003
1,762,399
95,526
81,571
319,534
117,326
1,896,751
1,702,721
1,573,346
177,420
321,420
420,751
1,315,845
809,874
148,047
834,953
340,842
295,701
749,650
86,246
192,058
858,940
118,953
540,964
145,696
582,426
475,757
673,471
255,830
81,866
121,915
992,044
149,823
87,488
455,115
531,991
447,726
623,765
821,490
573,912
182,873
126,453
401,922
98,628
200,789
362,177
468,528
359,675
341,140
507,239
781,495
757,721
1,749,383
1,863,684
539,452
3,291,426
276,545
96,447
499,403
430,588
1,162,181
228,407
1,021,788
99,556
409,334
242,856
252,638
110,539
514,087
702,003
1,762,399
95,526
81,571
319,534
117,326
1,896,751
1,702,721
1,573,346
177,420
321,420
420,751
1,315,845
809,874
148,047
834,953
340,842
295,701
749,650
86,246
192,058
858,940
118,953
540,964
145,696
582,426
475,757
673,471
255,830
81,866
121,915
992,044
149,823
87,488
455,115
531,991
447,726
623,765
821,490
573,912
182,873
126,453
401,922
98,628
200,789
362,177
468,528
359,675
341,140
507,239
781,495
Page | 93

614
615
616
617
618
619
620
621
622
623
624
625
626
627
628
629
630
631
632
633
634
635
636
637
638
639
640
641
642
643
644
645
646
647
648
649
650
651
652
653
654
655
656
657
658
659
660
661
662
663
664
665
666
667
668
669
670
671
672
673
674
675
676
677
678
679
680
681
155912040396
011712040304
101312040359
1010 12 04 0347
ILC0796120406979
194912041936
155912040396
0001/12/04/1137
ILC0796120406979
2969-12-04-0420
BBCDAO201149
167512040542
1351-12-04-0902
168112040224
086412040764
068612040710 & 0686120407158
208512040093
088812040293
ILC0796120406682
ILC0796120406703
ILC0796120406703
101312040338
094312040494
194512041453C
120812040545
147812041382
134812040352
106612040716
187712/04/0890
0673120406464
086212042255
106612040686
167512040488
1351-12-04-0798
1560-12-04-0198
167512040476
147812041251
167512040471
BBCDAO200973
1080 1204 0389
ILC0802120405726
1080 1204 0374
2754-12-04-0077
1080 1204 0374
086212042126
BBCDAK202801
154912040336
194712040377
1812-12-04-0045
194712040377
1812-12-04-0045
134812040360
194912041493
086412040636
106612040602
134812040352
1351-12-04-0710
106612040592
106612040585
174112041621
094312040371
167512040403
187712/04/0714
086412040591
249012020326
187712/04/0674
1351-12-04-0641
195712040051
Issue Managers :
PADMA LIMITED.
PADMA LIMITED.
ELEGANT FASHION
TOPAZ DRESSES LTD.
PADMA LIMITED.
ELEGANT FASHION
SILKEN SEWING LTD.
LENNY FASHIONS LTD.
SKYLINE GROUP
JADE GROUP
ELEGANT FASHION
STYLO GROUP
STYLO GROUP
PADMA LIMITED.
DAC PACIFIC (BD)LTD
NASSA GROUP
PADMA LIMITED.
ABA GROUP
PADMA LIMITED.
AL-MUSLIM GROUP
MISAMI GROUP
ABA GROUP
SKYLINE GROUP
SKYLINE GROUP
PRIMODIAL LIMITED
Total
AFC CAPITAL LIMITED
656,956
533,399
84,158
695,444
611,101
481,000
1,905,190
159,639
1,984,230
388,665
177,504
86,375
444,817
748,585
291,444
666,555
222,316
883,927
379,347
203,604
225,180
917,876
282,602
801,857
147,909
90,239
104,257
276,619
212,396
84,486
1,902,415
174,682
323,541
326,067
698,294
83,397
176,078
187,319
322,573
319,016
771,607
237,617
312,627
310,437
486,588
90,888
122,799
453,562
389,281
741,164
275,702
725,651
171,665
222,903
219,640
260,973
178,318
128,649
194,359
238,731
196,479
336,806
271,246
205,730
252,836
414,295
1,100,077
2,125,656
384,610,872
258,794,254
656,956
533,399
84,158
695,444
611,101
481,000
1,905,190
159,639
1,984,230
388,665
177,504
86,375
444,817
748,585
291,444
666,555
222,316
883,927
379,347
203,604
225,180
917,876
282,602
801,857
147,909
90,239
104,257
276,619
212,396
84,486
1,902,415
174,682
323,541
326,067
698,294
83,397
176,078
187,319
322,573
319,016
771,607
237,617
312,627
310,437
486,588
90,888
122,799
453,562
389,281
741,164
275,702
725,651
171,665
222,903
219,640
260,973
178,318
128,649
194,359
238,731
196,479
336,806
271,246
205,730
252,836
414,295
1,100,077
2,125,656
125,816,618
Page | 94

Schedule of Accounts Receivable as on 30.06.2013
SL No.
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
L/C Number
ILC0796120410454
125412040513
125412040424
209013040020
154912041282
194912044332
ILC0796120411588
ILC0796120411588
009312046408
108212043727
ILC0796120415904
194912044689
194913040334
167512041620
187712042924
0796120412526
167512041614
167512041511
0796120411196
0796120406682
108213040196
108013040073
155512042843
120213040061
108213040104
108212043825
167512041640
167512041660
147813040009
194912045338
194912045448
101312040977
196413040007
147813040503
121112040852
108213040347
147813040261
147813040416
121312040249
094313040229
194512044545B
086612040324
003313040049
003313040049
108213040443
194913040752B
135112042439
0796120416151
19571304002
168113040146
020013040163
147813040261
174613040081
174612041128
135112042286
167513040068
Issue Managers :
PARTY NAME
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
MS COMPTEX BANGLADESH LTD
MS COMPTEX BANGLADESH LTD
ABA GROUP
ELEGANT FASHION
ELEGANT FASHION
DOREEN ATTIRE LTD
TURAG GARMENTS & HOSIERY MILLS LTD
STYLO GROUNP
ABA GROUP
ABA GROUP
SM KNITWEARS LTD
HARVEST RICH
STYLO GROUP
SM KNITWEARS LTD
SM KNITWEARS LTD
ELEGANT FASHION
ELEGANT FASHION
JEANS CARE LTD.
ANTIM KNITTING & DYEING
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
ABA GROUP
ABA GROUP
KA DESIGN
CROSS WEAR
INFINITY SOURCING LTD.
PENTAGON FASHION KNIT
EPYLLION KNITWEAR LTD.
IMPRESS NETWORK COMPOSIT
NASSA GROUP
PRINCE GROUP
FRIENDS & FRIENDS APPARELS (PTE) LTD.
ABA GROUP
ELEGANT FASHION
ELEGANT FASHION
MEEK KNIT LTD.
NEEDLE DROP LTD.
KAC FASHION WEAR LTD.
S.B. DESIGNS LTD
SM KNITWEARS LTD
AFC CAPITAL LIMITED
RECEIVABLE
(TK.)
1,101,006
2,306,386
1,036,149
1,777,347
1,273,299
614,159
674,485
888,496
2,742,971
693,385
1,275,873
316,261
1,174,673
285,985
155,410
403,616
220,345
205,381
1,400,594
383,443
607,707
842,954
152,344
2,134,386
656,598
501,800
244,215
94,072
401,590
620,270
1,054,304
641,536
196,632
329,009
373,689
123,745
164,440
505,183
702,272
774,589
716,278
601,389
750,940
1,041,944
1,102,191
161,660
406,438
2,936,769
173,121
235,398
819,482
417,406
747,399
678,612
201,632
191,964
INLAND BILL
PURCHASE (IBP)
990,905
2,075,748
932,534
1,599,613
1,145,969
552,743
607,037
799,646
2,468,674
624,046
1,148,286
284,635
1,057,206
257,386
139,869
363,254
198,310
184,843
1,260,535
345,099
546,937
758,659
137,110
1,920,947
590,938
451,620
219,793
84,665
361,431
558,243
948,874
577,383
176,969
296,109
336,320
111,371
147,996
454,665
632,045
697,130
644,650
541,250
675,846
937,749
991,972
145,494
365,794
2,643,093
155,809
211,858
737,534
375,665
672,659
610,751
181,469
172,768
NET
RECEIVABLE
110,101
230,639
103,615
177,735
127,330
61,416
67,449
88,850
274,297
69,338
127,587
31,626
117,467
28,598
15,541
40,362
22,034
20,538
140,059
38,344
60,771
84,295
15,234
213,439
65,660
50,180
24,421
9,407
40,159
62,027
105,430
64,154
19,663
32,901
37,369
12,375
16,444
50,518
70,227
77,459
71,628
60,139
75,094
104,194
110,219
16,166
40,644
293,677
17,312
23,540
81,948
41,741
74,740
67,861
20,163
19,196
Page | 95

57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
167512041713
167512041721
147813040416
154913040096
154913040059
167512041638
167513040114
094713040222
194513040503C
305313040086
305313040094
305313040115
108213040196
181212040152
174612041128
194913040684B
010513040037
010513040038
108612040986
108612041025
194513040577D
175513040014
174213040021
010513040118
094713040150
BBCDAO203535
141613040072
235413040029
235412040580
100913040187
167513040188
147812044776
167513040178
181213040003
181213040003
181613040118
021513040140
147813040302
215413040522
174613040160
174712040862
BBCDAO300067
108612041096
108612041096
021513040138
093013040598
135112042349
135113040016
DPCDAO203308
135113040175
209013040092
296013040178
106613040438
106613040435
003313040108
303513040454
0796120418324
194912044184
009312047089
147813040702
Issue Managers :
SM KNITWEARS LTD
SM KNITWEARS LTD
ROBINTEX (BD) LIMITED
SM KNITWEARS LTD
SM KNITWEARS LTD
FASHION FLASH LTD(JCL GROUP)
ABA GROUP
DEBONAIR GROUP
DEBONAIR GROUP
E.H FABRICS LIMITED
E.H FABRICS LIMITED
EPCOT APPARELS LTD
CROSS WEAR
DEBONAIR GROUP
GIANT/SHAFI PROCESSING IND. LTDSIGNET ENTERPRISE LTD.
SIGNET ENTERPRISE LTD.
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
LIBAS TEXTILE LTD.
SM KNITWEARS LTD
ELEGANT FASHION
INTRAMEX GROUP
E.H FABRICS LIMITED
E.H FABRICS LIMITED
ABA GROUP
NASSA GROUP
LIBAS TEXTILE LTD.
ELEGANT FASHION
ABA GROUP
DOREEN ATTIRE LTD
AFC CAPITAL LIMITED
138,456
317,369
408,649
1,184,715
1,744,030
233,408
178,402
195,192
740,967
216,439
288,250
457,149
355,054
794,570
1,431,923
245,929
682,579
742,000
133,378
108,285
407,704
497,562
317,908
127,352
192,248
440,177
187,238
93,704
274,832
692,829
262,057
465,407
1,860,702
398,648
560,842
568,943
610,388
139,446
534,501
1,483,216
184,206
606,469
275,937
282,003
2,058,773
1,183,092
977,814
318,976
546,303
330,236
1,357,650
120,082
499,616
599,426
1,239,841
260,445
4,831,823
700,839
1,187,246
1,067,287
124,611
285,632
367,784
1,066,244
1,569,627
210,067
160,561
175,673
666,870
194,795
259,425
411,434
319,549
715,113
1,288,730
221,336
614,321
667,800
120,040
97,457
366,933
447,806
286,117
114,617
173,023
396,159
168,514
84,333
247,349
623,546
235,852
418,866
1,674,632
358,783
504,758
512,049
549,349
125,501
481,051
1,334,894
165,785
545,822
248,344
253,803
1,852,895
1,064,783
880,033
287,079
491,672
297,212
1,221,885
108,074
449,655
539,483
1,115,857
234,400
4,348,640
630,755
1,068,521
960,559
13,846
31,737
40,865
118,472
174,403
23,341
17,840
19,519
74,097
21,644
28,825
45,715
35,505
79,457
143,192
24,593
68,258
74,200
13,338
10,829
40,770
49,756
31,791
12,735
19,225
44,018
18,724
9,370
27,483
69,283
26,206
46,541
186,070
39,865
56,084
56,894
61,039
13,945
53,450
148,322
18,421
60,647
27,594
28,200
205,877
118,309
97,781
31,898
54,630
33,024
135,765
12,008
49,962
59,943
123,984
26,044
483,182
70,084
118,725
106,729
Page | 96

117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
147813040702
086213040647
235413040133
216313040062
009312046668
167513040056
167513040234
167513040203
003313040085
0665130404648
021513040073
304513040080
093013040597
088813040011
155513040242
120113040009
0796130400218
0796130400218
009313041159
009313041160
009313040540
009313041158
009313040180
BBCDAK330440
134913040164
101313040047
094313040026
086213040649
86213041135
168113040032
167513040201
194513040497C
194913040712B
033813040124
033813040131
147813040264
108013040278
067312041490
174613040145
0796130402456
0796130404474
086212047884
155913040213
194912044710
194912044710
216313040068
194913040873
0796131202151
215813040130
215813040163
0796130404046
215813040165
086212047884
303512042069
147813040845
216313040068
086213041298
033813040179
108213040763
108213040818
Issue Managers :

NASSA GROUP
FASHION KNIT GARMENTS(HR TEXTILE) LTD.
NEW GENERATION FASHION LTD
DOREEN ATTIRE LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
ABA GROUP
JADE GROUP
CPM COMOSITE KNIT(PVT) LTD.
ABA GROUP
STYLO GROUP
STYLO GROUP
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
INTRAMEX GROUP
FORTIS GARMENTS
AL-MUSLIM GROUP
AL-MUSLIM GROUP
SM KNITWEARS LTD
IMPRESSIVE GARMENTS
ABA GROUP
AL MUSLIM
NORTHERN GROUP
TOPAZ DRESSES LTD
TOPAZ DRESSES LTD
NEW GENERATION
TOPAZ DRESSES LTD
AL MUSLIM
LIBAS TEXTILE LTD.
NEW GENERATION
NASSA GROUP
AFC CAPITAL LIMITED
1,662,736
435,392
870,178
422,860
1,481,098
138,118
239,406
139,495
1,001,211
859,062
173,723
236,006
460,919
136,061
404,215
900,924
666,458
104,915
435,132
378,055
153,436
82,915
127,105
118,153
426,316
117,108
177,514
398,120
200,449
458,581
193,634
560,149
845,028
832,059
1,048,659
251,895
1,001,971
140,650
764,986
212,130
324,812
480,249
353,341
82,686
173,363
391,225
618,782
277,823
591,065
479,572
154,799
220,446
454,597
220,834
484,287
363,857
875,610
481,997
672,665
449,253
1,496,462
391,853
783,161
380,574
1,332,988
124,307
215,466
125,546
901,090
773,156
156,350
212,406
414,827
122,455
363,794
810,832
599,812
94,423
391,619
340,250
138,093
74,624
114,394
106,337
383,684
105,398
159,762
358,308
180,404
412,723
174,271
504,134
760,525
748,853
943,793
226,706
901,774
126,585
688,488
190,917
292,330
432,224
318,007
74,417
156,027
352,102
556,904
250,040
531,959
431,614
139,319
198,401
409,137
198,751
435,858
327,472
788,049
433,797
605,399
404,327
166,274
43,539
87,018
42,286
148,110
13,812
23,941
13,950
100,121
85,906
17,372
23,601
46,092
13,606
40,422
90,092
66,646
10,491
43,513
37,806
15,344
8,292
12,710
11,815
42,632
11,711
17,751
39,812
20,045
45,858
19,363
56,015
84,503
83,206
104,866
25,190
100,197
14,065
76,499
21,213
32,481
48,025
35,334
8,269
17,336
39,122
61,878
27,782
59,107
47,957
15,480
22,045
45,460
22,083
48,429
36,386
87,561
48,200
67,267
44,925
Page | 97

177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
0802130403115
194913040041
194912045338
BBCDAK300667
0664130403109
180912041025
180912040779
0807130401507
19451304888C
128112041115
0796130401371
020013040233
108013040322
108013040253
108013040253
147813041054
147813041162
187713040290
296613040100
0796130401925
010513040146
134812041053
167513040360
296013040314
167513040362
154613040199
094313040135
101313040138
154613040200
120113040062CTPU
209013040252
033813040209
175913040105
304513040373
175912040608
180913040057
180913040057
303513040429
303513040428
086213041389
194513040536B
147813040781
147813040780
147813040781
009313041550
690120422119
108013040175
021513040138
215813040192
215813040135
194913040963
094713040150
094713040150
0796130404469
0796130401402
0796130404137
0796120420474
134813040219
094313040276
101013040099
Issue Managers :
SPEED WELL LTD.

ABA GROUP
ABA GROUP
CROSS LINE WOVEN GARMENTS LTD.
CHAITY GROUP
CHAITY GROUP
IMPRESSIVE GARMENTS
GEMTEX LIMITED
ABA GROUP
HARVEST RICH
HAMS GARMENTS LIMITED
STYLO GROUP
DEBONAIR GROUP
S.M. KNITWEARS LTD.
NASSA GROUP
S.M. KNITWEARS LTD.
FRIENDS WORLD
PADMA LTD
FRIENDS WORLD
ABA GROUP
JEANS CARE LTD.
JEANS CARE LTD.
CHAITY GROUP
CHAITY GROUP
LIBAS TEXTILE LTD.
LIBAS TEXTILE LTD.
ADSLTD( A CONCERN OF ALIF GROUP)
PRINCE GROUP
PANASIA CLOTHIN LTD.
ABA GROUP
STYLO GROUP
ELEGANT FASHION
NEW LINE CLOTHING LTD.
SHASHA GARMENTS LTD.
AFC CAPITAL LIMITED
385,448
445,170
982,320
218,954
425,670
200,247
240,965
226,382
1,684,525
284,003
253,239
320,241
938,241
1,043,998
551,964
1,073,194
3,091,702
219,947
551,995
119,733
1,006,469
109,904
325,333
325,916
81,509
130,607
149,514
284,567
121,284
660,745
1,378,571
2,393,760
136,463
617,938
129,505
340,625
58,809
174,671
156,732
175,676
491,148
275,902
148,488
378,353
553,866
118,623
350,587
379,926
262,136
341,355
206,555
128,054
89,913
277,444
374,048
910,274
2,904,925
330,841
623,453
105,625
346,903
400,653
884,088
197,059
383,103
180,223
216,868
203,744
1,516,073
255,602
227,915
288,216
844,417
939,598
496,768
965,874
2,782,532
197,953
496,796
107,759
905,822
98,913
292,800
293,324
73,359
117,546
134,563
256,110
109,156
594,671
1,240,714
2,154,384
122,817
556,145
116,555
306,562
52,928
157,204
141,059
158,108
442,033
248,312
133,639
340,518
498,479
106,761
315,528
341,934
235,923
307,219
185,900
115,249
80,921
249,699
336,643
819,247
2,614,432
297,757
561,107
95,063
38,545
44,517
98,232
21,895
42,567
20,025
24,096
22,638
168,453
28,400
25,324
32,024
93,824
104,400
55,196
107,319
309,170
21,995
55,200
11,973
100,647
10,990
32,533
32,592
8,151
13,061
14,951
28,457
12,128
66,075
137,857
239,376
13,646
61,794
12,951
34,062
5,881
17,467
15,673
17,568
49,115
27,590
14,849
37,835
55,387
11,862
35,059
37,993
26,214
34,135
20,656
12,805
8,991
27,744
37,405
91,027
290,492
33,084
62,345
10,563
Page | 98

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101013040118
187712042641
167313040454
0664130404391
108213040683
101313040214
100313040219
0796130406365
147813041174
181213040034
181213040021
194913041338
19913040752B
195713040053
128113040274
128113040130
156013990006
0796130401926
011713040091
074213040050
147813041207
154913040101
249013040151
222713040202
101313040249
010513040186
010513040037
010513040155
560213040026
0796130403105
0802130404911
0796130402994
0796130401726
296613040187
0673130402508
134813040181
134813040059
167513040385
100913040279
304313040182
0673130406027
249013040151
209013040253
209013040250
194913040712B
296012042140
133513040496
2700010813990013
0796130405593
DPCDAO300974
086213040894
086212047884
167513040525
167513040486
154613040295
161613040039
134813040207
BBCDAK301778
010513040218
0807130404807
Issue Managers :

HARVEST RICH
CROSS LINE WOVEN GARMENTS LTD.
KA DESIGN
LYNDA FASHION LTD
ABA GROUP
ABA GROUP
MEEK KNIT LTD.
GEMTEX LIMITED
GEMTEX LIMITED
ALLIANCE STICHES
STYLO GROUP
CHOICE GARMENTS
ABA GROUP
ABA GROUP
MISAMI GROUP
NANDAN APPARELS
MEDONA FASHION LTD.
DEBONAIR GROUP
DEBONAIR GROUP
DEBONAIR GROUP
TALISMAN LTD.
STYLO GROUP
STYLO GROUP
SM KNITWEARS LTD
STRESS FASHION INT.
ABA GROUP
NASSA GROUP
UNION GARMENTS LTD.
JAY JAY MILLS (BD) LTD.
NAKANO INTERNATIONAL
AL MUSLIM
AL MUSLIM
SM KNITWEARS LTD
SM KNITWEARS LTD
FRIENDS WORLD
INTRAMEX KNITWEAR LTD
EVER SMART (BD) LTD.
DEBONAIR GROUP
AFC CAPITAL LIMITED
192,072
149,452
441,082
610,665
501,198
1,270,093
375,399
329,569
1,682,849
214,111
357,311
688,187
187,003
217,267
282,854
332,871
590,287
171,211
148,082
2,374,055
456,396
643,633
508,182
500,799
202,668
287,654
286,415
1,660,930
715,990
505,969
599,022
222,565
2,974,627
91,672
415,575
934,311
403,915
436,397
619,502
528,213
232,533
385,180
766,178
993,188
848,364
571,858
265,318
378,270
1,617,400
633,960
233,538
567,837
831,613
873,388
155,909
307,951
1,300,921
102,441
110,775
184,962
172,865
134,507
396,974
549,598
451,078
1,143,083
337,859
296,612
1,514,564
192,700
321,580
619,369
168,303
195,541
254,569
299,584
531,258
154,090
133,273
2,136,649
410,756
579,270
457,364
450,719
182,401
258,889
257,774
1,494,837
644,391
455,372
539,120
200,308
2,677,164
82,505
374,018
840,880
363,523
392,758
557,552
475,392
209,279
346,662
689,560
893,869
763,528
514,672
238,786
340,443
1,455,660
570,564
210,184
511,053
748,451
786,049
140,318
277,156
1,170,829
92,197
99,698
166,466
19,207
14,945
44,108
61,066
50,120
127,009
37,540
32,957
168,285
21,411
35,731
68,819
18,700
21,727
28,285
33,287
59,029
17,121
14,808
237,405
45,640
64,363
50,818
50,080
20,267
28,765
28,642
166,093
71,599
50,597
59,902
22,256
297,463
9,167
41,558
93,431
40,391
43,640
61,950
52,821
23,253
38,518
76,618
99,319
84,836
57,186
26,532
37,827
161,740
63,396
23,354
56,784
83,161
87,339
15,591
30,795
130,092
10,244
11,078
18,496
Page | 99

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0690130405557
147813041328
147813041280
160913040171
0664130405730
086413040266
086413040491
086413040553
086413040445
108213040950
074213040053
155513040514
BBCDAKO300538
BBCDAKO303387
0818130404977
147813041551
174613040081
147813040702
147813041602
141613040331
BBCDAK302802
093013040598
0796120420474
094313040282
174113041042
175513040038
175513040122
175513040038
194913041291
086213041855
181612042360
0796130403105
094713040150
094713040480
174315040243
135113040328
135113040551
101913040151
141613040332
168113040265
168113040201
019513040268
249013040367
304513040767
019513040337
194513041110C
0690130403806
086413040405
094713040273
304513040373
0673130407459
194513041100C
0796131206363
086613040072
147813041399
033813040258
010513040143
086213040969
ILC0796130401916
147813040781
Issue Managers :

ABA GROUP
JUPITER READYMADE GARMENTS LTD
SKYLINE GROUP
SKYLINE GROUP
SKYLINE GROUP
SKYLINE GROUP
ABA GROUP
CPM COMOSITE KNIT(PVT) LTD.
LENNY FASHIONS LTD
LIZ FASHION IND. LTD
ABA GROUP
GIANT/SHAFI PROCESSING IND. LTDEVER SMART (BD) LTD.
ABA GROUP
ELEGANT FASHION
NATURAL GROUP
ABA GROUP
NASSA GROUP
S.B. DESIGNS LTD
S.B. DESIGNS LTD
JEANS CARE LTD.
GIANT/SHAFI PROCESSING IND. LTDTOTAL MERCHANDISING &TRIMS (TMT)
SHARMIN GROUP
DBL GROUP
LIBAS TEXTILE LTD.
SHARMIN GROUP
IMPRESSIVE GARMENTS
SKYLINE GROUP
IMPRESSIVE GARMENTS
FRIENDS & FRIENDS APPARELS (PTE) LTD.
DEBONAIR GROUP
NASSA GROUP
STYLO GROUP
AFC CAPITAL LIMITED
524,571
490,025
414,148
194,610
999,908
159,839
1,218,306
578,731
470,990
355,114
948,282
474,938
664,980
900,747
347,568
2,147,308
227,445
1,196,222
2,209,697
406,438
311,539
2,247,451
2,583,921
104,001
389,199
360,886
80,399
157,004
647,470
398,479
170,122
423,011
420,968
348,699
795,209
119,207
352,120
141,537
552,413
444,300
125,502
249,027
315,178
716,317
224,361
1,427,132
260,679
1,106,583
662,564
777,110
326,199
659,646
194,435
400,986
787,812
2,364,585
162,852
568,249
846,227
459,721
472,114
441,022
372,733
175,149
899,917
143,855
1,096,476
520,858
423,891
319,603
853,454
427,445
598,482
810,672
312,811
1,932,577
204,701
1,076,600
1,988,728
365,794
280,385
2,022,706
2,325,529
93,601
350,279
324,797
72,359
141,303
582,723
358,631
153,110
380,710
378,871
313,829
715,688
107,286
316,908
127,384
497,172
399,870
112,952
224,124
283,660
644,685
201,925
1,284,419
234,612
995,925
596,308
699,399
293,579
593,681
174,991
360,887
709,031
2,128,127
146,567
511,424
761,604
413,749
52,457
49,002
41,415
19,461
99,991
15,984
121,831
57,873
47,099
35,511
94,828
47,494
66,498
90,075
34,757
214,731
22,745
119,622
220,970
40,644
31,154
224,745
258,392
10,400
38,920
36,089
8,040
15,700
64,747
39,848
17,012
42,301
42,097
34,870
79,521
11,921
35,212
14,154
55,241
44,430
12,550
24,903
31,518
71,632
22,436
142,713
26,068
110,658
66,256
77,711
32,620
65,965
19,443
40,099
78,781
236,459
16,285
56,825
84,623
45,972
Page | 100

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BBCDAK301765
108213040950
094713040273
167513040526
167513040511
167513040581
167513040421
101013040061
175913040008
175913040125
0673130406673
108612041025
209513040046
086213041908
086213041818
174113041753
305313040243
086213041734
094713040150
094713040480
094713040222
094713041818
208213040619
094313040383
000413040141
154913040247
ILC0802130405849
0009312046668
147813041329
308513040155
094313040410
215813040201
0802130405454
0802130404911
135113040357
108213041259
108013040278
134813040220
134813040379
134813040358
181813040087
147813041771
108013040265
0796130406048
0796130407456
167513040660
167513040623
168113040474
167513040624
167513040510
209013040343
182313040074
0690130408470
0664130400178
1477813040802
296613040233
BBCDAO300736
BBCDAO300666
BBCDAO300812
201813040145
Issue Managers :
MISAMI GROUP
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
ABC GARMENTS LTD.
JEANS CARE LTD.
JEANS CARE LTD.
E.H FABRICS LIMITED
SCANDEX KNITWEAR LIMITED
AL MUSLIM
NATURAL GROUP
AL MUSLIM
ORION KNIT TEXTILE
MARS STITCH LTD
DOREEN ATTIRE LTD
FORTUNEX LIMITED
SONIA & SWEATERS LTD.
INTRAMEX GROUP
ABA GROUP
STYLO GROUP
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
CORDIAL DESIGN LTD
E.H FABRICS LIMITED
SM KNITWEARS LTD
MEDONA FASHION LTD.
AFC CAPITAL LIMITED
313,769
282,054
878,753
153,688
359,092
248,644
222,230
158,205
145,005
624,054
116,370
127,581
267,564
104,826
438,747
427,188
224,015
921,590
383,356
200,805
154,054
194,479
373,932
721,966
174,550
1,661,623
322,501
301,768
762,752
1,295,789
598,301
1,281,411
163,201
478,644
1,178,807
331,051
620,902
1,365,683
192,609
405,443
1,414,258
2,937,259
472,809
1,491,344
625,146
262,943
272,945
398,780
234,752
332,642
2,001,953
301,135
117,394
183,545
445,903
451,059
466,756
149,233
372,796
78,638
282,392
253,848
790,878
138,319
323,183
223,779
200,007
142,384
130,505
561,648
104,733
114,823
240,807
94,343
394,873
384,469
201,614
829,431
345,020
180,724
138,648
175,031
336,538
649,770
157,095
1,495,461
290,251
271,591
686,477
1,166,210
538,471
1,153,270
146,881
430,779
1,060,926
297,946
558,811
1,229,114
173,348
364,899
1,272,832
2,643,533
425,528
1,342,210
562,632
236,648
245,651
358,902
211,276
299,378
1,801,757
271,022
105,654
165,190
401,312
405,953
420,080
134,310
335,517
70,775
31,377
28,205
87,875
15,369
35,909
24,864
22,223
15,820
14,501
62,405
11,637
12,758
26,756
10,483
43,875
42,719
22,402
92,159
38,336
20,080
15,405
19,448
37,393
72,197
17,455
166,162
32,250
30,177
76,275
129,579
59,830
128,141
16,320
47,864
117,881
33,105
62,090
136,568
19,261
40,544
141,426
293,726
47,281
149,134
62,515
26,294
27,295
39,878
23,475
33,264
200,195
30,114
11,739
18,354
44,590
45,106
46,676
14,923
37,280
7,864
Page | 101

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474
475
476
147813041545
160913040170
086213041358
120813040683
BBCDAK232022
108013040265
194713040400
093013041044
093013040852
086413040677
093013040924
0673130406673
0673130407977
194913041761
033813040332
167513040415
167513040416
090113040073
0673130407529
021513040393
019513040334
222713040444
296013040629
174713040287
174111044740
BBCDA0300949
BBCDA0300984
201312040129
135113040641
106613040589
106613040695
086213042196
101313040379
101913040267
0673130402508
181213040048
175913040181
147813041551
147813041207
174713040408
BBCDA0301186
086213041389
108213041571
108213041571
108013040005
108613040333
108613040283
208213040409
208213040578
086213041250
086213041279
560213040021
0673130407529
100913040349
ILC0802130408239
0673130409293
133513041081
147813041771
147813041698
181213040044
Issue Managers :

NASSA GROUP
DAC PACIFIC (BD)LTD
IMPRESS NEWTEX
ABA GROUP
ABA GROUP
GEMTEX LIMITED
PACIFIC GROUP
SM KNITWEARS LTD
SM KNITWEARS LTD
CAMIO USA KNIT
SHARMIN GROUP
NASSA GROUP
JAMUNA DENIMS
NASSA GROUP
REZA GROUP
AL MUSLIM
KA DESIGN
JEANS CARE LTD.
JEANS CARE LTD.
ABA GROUP
ABA GROUP
INTRAMEX GROUP
TALISMAN LTD.
E.H FABRICS LIMITED
E.H FABRICS LIMITED
AZIM & SON (PVT.) LIMITED
TALISMAN LTD.
MARS STITCH LTD
UNION GARMENTS LTD.
ABA GROUP
AFC CAPITAL LIMITED
719,162
218,125
415,710
159,934
438,055
414,002
238,638
235,504
351,953
998,427
584,450
199,896
137,236
371,978
780,886
358,880
175,593
98,263
104,428
81,186
626,816
785,682
2,263,141
320,710
729,807
417,886
638,619
169,074
360,983
253,140
486,950
310,438
211,915
262,013
370,933
287,023
634,977
907,940
2,073,674
537,689
246,974
84,271
619,775
801,562
332,713
137,544
140,131
520,742
656,531
351,040
387,560
712,927
182,157
889,919
320,990
371,823
600,305
2,541,558
643,519
306,662
647,246
196,313
374,139
143,941
394,249
372,602
214,774
211,954
316,757
898,584
526,005
179,906
123,512
334,780
702,798
322,992
158,033
88,436
93,986
73,068
564,134
707,114
2,036,827
288,639
656,826
376,097
574,757
152,166
324,885
227,826
438,255
279,394
190,724
235,811
333,840
258,320
571,480
817,146
1,866,307
483,920
222,276
75,844
557,797
721,406
299,442
123,790
126,118
468,668
590,877
315,936
348,804
641,634
163,941
800,927
288,891
334,641
540,274
2,287,402
579,167
275,996
71,916
21,813
41,571
15,993
43,805
41,400
23,864
23,550
35,195
99,843
58,445
19,990
13,724
37,198
78,089
35,888
17,559
9,826
10,443
8,119
62,682
78,568
226,314
32,071
72,981
41,789
63,862
16,907
36,098
25,314
48,695
31,044
21,192
26,201
37,093
28,702
63,498
90,794
207,367
53,769
24,697
8,427
61,977
80,156
33,271
13,754
14,013
52,074
65,653
35,104
38,756
71,293
18,216
88,992
32,099
37,182
60,030
254,156
64,352
30,666
Page | 102

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521
522
523
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525
526
527
528
529
530
531
532
533
534
535
536
101313040251
094713040150
0796131207814
305313040301
0796130405593
147813040628
141613040577
296613040256
194913041338
194913042045
0673130409270
BBCDAO301099
208213040238
BBCDAO300872
106713040013
296613040251
086213040894
086213042180
174613040378
108213041813
0673130409102
013213040850
BBCDAK302802
013213040695
108013040278
0664120406919
000413040250
0802130408531
013813040740
BBCDAK301778
101313040457
147813041933
249013040507
194913042081
194913041500C
167513040608
168113040197
296013040783
175912040609
175513040038
133513041476
0664130408457
019513040431
147813041329
147813041987
147813040845
167513040524
167513040830
167513040717
167513040716
182313040060
ILC0796120420474
0742130400563
155913040383
101913040175
086413040800
089013040405
209313040295
303513040413
086213042512
Issue Managers :
MEDONA FASHION LTD.

SM KNITWEARS LTD
GIANT/SHAFI PROCESSING IND. LTDHAMS GARMENTS LIMITED
ABA GROUP
ABA GROUP
LENNY FASHIONS LTD
AL MUSLIM
AL MUSLIM
MITALI GROUP
MITALI GROUP
CLAMOON GARMENTS LTD
ORION KNIT TEXTILE
TOKIO MODE LTD.
PADMA LTD
ABA GROUP
IMPRESSIVE GARMENTS
SM KNITWEARS LTD
NASSA GROUP
JEANS CARE LTD.
GEMTEX LIMITED
SHARMIN GROUP
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
CORDIAL DESIGN LTD
ELEGANT FASHION
ABA GROUP
NORTHERN GROUP
JEANS CARE LTD.
LIBAS TEXTILE LTD.
CROSS WEAR
SAMS ATTIRE LTD.
NASSA GROUP
AFC CAPITAL LIMITED
562,523
293,309
985,125
283,575
367,747
241,749
303,445
299,197
869,637
318,679
379,476
598,732
262,509
950,657
107,870
254,981
121,274
601,394
453,850
1,398,190
351,096
406,506
695,926
179,344
622,098
805,449
798,982
514,666
163,799
168,395
253,046
612,144
278,047
2,170,556
1,668,607
336,208
757,285
756,383
303,030
157,734
802,880
1,106,454
238,551
515,878
100,692
274,722
805,199
275,712
352,388
88,562
231,066
1,286,879
244,750
292,520
261,804
133,084
804,229
491,493
262,401
286,768
506,271
263,978
886,612
255,217
330,972
217,575
273,100
269,277
782,673
286,811
341,528
538,858
236,258
855,591
97,083
229,483
109,147
541,254
408,465
1,258,371
315,987
365,856
626,333
161,409
559,888
724,904
719,083
463,200
147,419
151,555
227,741
550,930
250,243
1,953,500
1,501,747
302,588
681,556
680,744
272,727
141,961
722,592
995,808
214,696
464,290
90,623
247,250
724,679
248,140
317,149
79,706
207,959
1,158,191
220,275
263,268
235,623
119,775
723,806
442,344
236,161
258,092
56,252
29,331
98,512
28,357
36,775
24,175
30,344
29,920
86,964
31,868
37,948
59,873
26,251
95,066
10,787
25,498
12,127
60,139
45,385
139,819
35,110
40,651
69,593
17,934
62,210
80,545
79,898
51,467
16,380
16,839
25,305
61,214
27,805
217,056
166,861
33,621
75,728
75,638
30,303
15,773
80,288
110,645
23,855
51,588
10,069
27,472
80,520
27,571
35,239
8,856
23,107
128,688
24,475
29,252
26,180
13,308
80,423
49,149
26,240
28,677
Page | 103

537
538
539
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543
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555
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557
558
559
560
561
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564
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577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
596
155913040427
194913042333
194912044710
194913040873
181213040063
174613040384
089013040344
BBCDAO301165
094713040480
BBCDAO301019
155913040383
155913040390
0796120418324
013213040629
304513040625
BBCDAK304765
174713040287
155913040389
0802130405480
108013040458
108013040265
010513040143
009313041997
235413040285
174113041753
010513040323
010513040311
0802130408808
101313040438
BBCDAK301778
194913042161
194913041861
194913042303
101013040215
174613040243
100313040563
0802130408811
0796130408773
101013040209
195713040066
0673130410095
033013040428
167513040674
167513040527
167513040715
174113041632
010513040146
134913040369
222713040556
021513040422
021513040422
021513040422
147813042063
086213042992
134813040434
108613040366
108613040334
168113040533
0796130410094
0796130410066
Issue Managers :
NORTHERN GROUP
ABA GROUP
TOPAZ DRESSES LTD
TOPAZ DRESSES LTD
LIBAS TEXTILE LTD.
TALISMAN LTD.
NORTHERN GROUP
SOUTHERN KNITWEAR LTD
ELEGANT FASHION
MITALI GROUP
PADMA LTD
DEBONAIR GROUP
DOREEN ATTIRE LTD
NATURAL GROUP
DEBONAIR GROUP
DEBONAIR GROUP
MARS STITCH LTD
NASSA GROUP
ABA GROUP
ABA GROUP
ABA GROUP
LYNDA FASHION LTD
SONIA & SWEATERS LTD.
PRIMODIAL LIMITED
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
CREATIVE GROUP
DEBONAIR GROUP
INTRAMEX GROUP
NASSA GROUP
E.H FABRICS LIMITED
E.H FABRICS LIMITED
MAJUMDER GROUP
MAJUMDER GROUP
AFC CAPITAL LIMITED
275,108
1,030,145
237,525
902,085
502,726
446,387
336,786
492,315
98,152
278,948
156,271
339,218
2,336,861
388,801
264,465
86,661
296,492
158,217
810,862
645,174
467,848
102,521
242,742
841,153
100,229
1,588,545
210,839
620,721
276,682
662,406
275,695
2,171,123
759,396
175,653
995,550
597,077
153,934
269,643
138,594
3,124,041
295,034
374,638
269,535
203,006
193,689
252,162
236,922
325,525
683,962
296,305
595,375
197,937
519,774
3,644,436
161,311
155,638
273,854
162,333
236,246
675,580
247,597
927,131
213,772
811,877
452,453
401,748
303,107
443,084
88,336
251,053
140,644
305,297
2,103,175
349,920
238,019
77,995
266,842
142,396
729,776
580,657
421,063
92,268
218,468
757,037
90,206
1,429,690
189,755
558,649
249,014
596,166
248,125
1,954,011
683,456
158,088
895,995
537,369
138,541
242,678
124,734
2,811,637
265,531
337,174
242,581
182,705
174,320
226,946
213,230
292,972
615,566
266,675
535,837
178,143
467,797
3,279,992
145,180
140,074
246,469
146,100
212,621
608,022
27,511
103,015
23,752
90,209
50,273
44,639
33,679
49,232
9,815
27,895
15,627
33,922
233,686
38,880
26,447
8,666
29,649
15,822
81,086
64,517
46,785
10,252
24,274
84,115
10,023
158,854
21,084
62,072
27,668
66,241
27,569
217,112
75,940
17,565
99,555
59,708
15,393
26,964
13,859
312,404
29,503
37,464
26,953
20,301
19,369
25,216
23,692
32,552
68,396
29,631
59,537
19,794
51,977
364,444
16,131
15,564
27,385
16,233
23,625
67,558
Page | 104

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636
637
638
639
640
641
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644
645
646
647
648
649
650
651
652
653
654
655
656
0796130410097
086213042821
086413040442
208213040900
296613040240
134913040351
194513041615C
0673130407524
194913042163
155813040213
249013040641
088513040242
094313040634
094713040273
BBCDAK303460
BBCDAK305727
106713040026
560213040080
155913040426
010513040246
010513040146
010513040247
15513040495
155913040168
235413040243
305313040399
108213041918
086213042539
108213041957
101013040247
0673130403494
020013040471
161613040039
174613040453
094713040775
296613040328
1335113041322
181813040087
086413040486
086413040866
086413040837
134813040207
134813040181
155813040213
209013040509
074213040053
147813042073
147813042059
153913040975
086213041734
153913041328
ILC0802130410267
086213041389
DPCDAO301097
BBCDAO300998
ILC0818130408767
209513040111
0338 1304 0439
ILC0802130410267
0338 1304 0420
Issue Managers :
MAJUMDER GROUP
URMI GARMENTS LTD
SKYLINE GROUP
AMEX KNITTING & DYEIMG IND. LTD.
INTRAMEX GROUP
IMPRESSIVE GARMENTS
ABA GROUP
JEANS CARE LTD.
DBL GROUP
LIZ FASHION IND. LTD
TALISMAN LTD.
NORTHERN GROUP
DEBONAIR GROUP
DEBONAIR GROUP
DEBONAIR GROUP
PADMA LTD
NORTHERN GROUP
SIGNET ENTERPRISE LTD.
AL MUSLIM
UNION GARMENTS LTD.
INTRAMEX GROUP
SKYLINE GROUP
SKYLINE GROUP
SKYLINE GROUP
JEANS CARE LTD.
ABA GROUP
IMPRESS NEWTEX
IMPRESS NEWTEX
FORTUNEX LIMITED
AL MUSLIM
FORTUNEX LIMITED
MARS STITCH LTD
LENNY FASHIONS LTD
MARS STITCH LTD
AFC CAPITAL LIMITED
176,106
339,081
180,620
342,130
539,640
377,732
887,541
84,380
466,734
277,823
1,317,974
247,763
397,932
324,271
606,387
961,649
554,734
212,968
296,667
135,615
657,602
691,274
826,959
137,677
734,237
435,023
1,036,976
1,507,315
905,970
243,334
196,142
1,540,328
148,350
161,507
103,759
324,205
1,294,138
251,214
397,018
253,223
219,003
163,727
1,585,090
200,542
1,746,765
433,025
2,144,887
375,456
698,145
1,861,516
109,355
456,195
95,195
428,101
711,155
491,696
133,717
1,006,827
464,084
1,173,077
158,495
305,173
162,558
307,917
485,676
339,959
798,787
75,942
420,061
250,041
1,186,176
222,987
358,138
291,844
545,748
865,484
499,261
191,671
267,000
122,054
591,841
622,147
744,263
123,909
660,813
391,521
933,278
1,356,584
815,373
219,000
176,528
1,386,295
133,515
145,356
93,383
291,784
1,164,724
226,093
357,316
227,901
197,102
147,354
1,426,581
180,488
1,572,089
389,722
1,930,399
337,911
628,331
1,675,364
98,420
410,575
85,675
385,291
640,040
442,527
120,345
-
17,611
33,908
18,062
34,213
53,964
37,773
88,754
8,438
46,673
27,782
131,797
24,776
39,793
32,427
60,639
96,165
55,473
21,297
29,667
13,562
65,760
69,127
82,696
13,768
73,424
43,502
103,698
150,732
90,597
24,333
19,614
154,033
14,835
16,151
10,376
32,420
129,414
25,121
39,702
25,322
21,900
16,373
158,509
20,054
174,677
43,302
214,489
37,546
69,815
186,152
10,936
45,619
9,519
42,810
71,116
49,170
13,372
1,006,827
464,084
1,173,077
Page | 105

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681
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696
697
698
699
700
701
702
703
704
705
706
707
708
709
710
711
712
713
714
715
716
0864 1304 0866

0864 1304 0837
2227 1304 0556
1349-13-04-0369
1478 1304 2063
1478 1304 2073
1478 1304 2059
067313040856&0673130410095
0862 1304 2992
2090 1304 0509
0943 1304 0634
1539 1304 1328
1558 1304 0213
0330 1304 0428
069013040084&0690130408470
1675 1304 0715
1818-13-04-0087
DPCDAO301097
1675 1304 0674
1741 1304 1632
0215 1304 0422
0215 1304 0422
0215 1304 0422
BBCDAO300998
1539 1304 0975
0864 1304 0486
0864 1304 0442
1675 1304 0527
0862 1304 1734
1343 1304 0207
0742 1304 0053
0862 1304 1389
1348 1304 0181
0862 1304 1231
0862 1304 1235
0105 1304 0146
2721 1304 0303
0138 1304 0322
1949 1304 0963
1478 1304 0802
2721 1304 0485
1349-13-04-0181
1281 1304 0447
1747 1304 0287
0001/13/04/0667
0093 1304 1766
1019 1304 0266
0117 1304 0283
0117 1304 0283
1675 1304 0625
1416 1304 0729
ILC0796130406621
1086 1304 0415
0215 1304 0422
0943 1304 0517
0943 1304 0521
1747 1304 0408
2082 1304 0676
0862 1304 2517
2082 1304 0678
Issue Managers :
SKYLINE GROUP
SKYLINE GROUP
INTRAMEX GROUP
NASSA GROUP
FORTUNEX LIMITED
JEANS CARE LTD.
PANASIA CLOTHING LTD
SM KNITWEARS LTD
INTRAMEX GROUP
SM KNITWEARS LTD
CREATIVE GROUP
LENNY FASHIONS LTD
FORTUNEX LIMITED
SKYLINE GROUP
SKYLINE GROUP
SM KNITWEARS LTD
AL-MUSLIM GROUP
ABA GROUP
ADSLTD (A CONCERN OF ALIF GROUP)
URMI GARMENTS LTD
URMI GARMENTS LTD
DEBONAIR GROUP
TOKIO MODE LTD.
ABA GROUP
SM KNITWEARS LTD
CAMIO USA KNITWEAR LTD
DOREEN ATTIRE LTD
JEANS CARE LTD.
CHOICE GARMENTS LTD
CHOICE GARMENTS LTD
SM KNITWEARS LTD
GIANT/SHAFI PROCESSING IND. LTDELEGANT FASHION
E.H FABRICS LIMITED
INTRAMEX GROUP
URMI GARMENTS LTD
AFC CAPITAL LIMITED
257,602
222,790
692,176
329,297
526,194
2,181,978
381,949
298,430
3,691,005
1,776,972
403,920
111,246
204,009
379,020
116,838
195,829
255,558
435,504
272,614
255,026
602,766
200,220
299,853
723,453
710,218
403,883
182,765
205,260
1,893,825
166,558
440,513
96,841
1,612,500
275,766
324,754
239,598
124,977
200,205
355,979
444,506
262,213
206,297
310,254
294,739
134,649
405,635
313,936
118,125
117,053
327,370
195,512
1,975,339
261,040
363,606
214,923
507,253
240,081
1,438,315
97,991
769,298
257,602
222,790
692,176
329,297
526,194
2,181,978
381,949
298,430
3,691,005
1,776,972
403,920
111,246
204,009
379,020
116,838
195,829
255,558
435,504
272,614
255,026
602,766
200,220
299,853
723,453
710,218
403,883
182,765
205,260
1,893,825
166,558
440,513
96,841
1,612,500
275,766
324,754
239,598
124,977
200,205
355,979
444,506
262,213
206,297
310,254
294,739
134,649
405,635
313,936
118,125
117,053
327,370
195,512
1,975,339
261,040
363,606
214,923
507,253
240,081
1,438,315
97,991
769,298
Page | 106

717
718
719
720
721
722
723
724
725
726
727
728
729
730
731
732
733
734
735
736
737
738
739
740
741
742
743
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757
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760
761
762
763
764
765
766
767
768
769
770
771
772
773
774
775
776
2163 1304 0133

0943 1304 0550
1675 1304 0756
1478 1304 1731
1019 1304 0383
1949 1304 2107
1560 1399 0047
067313040823&0673130409534
BBCDAO301383
1416 1304 0897
2095 1304 0111
1681 1304 0590
1086 1304 0513
1675 1304 0871
1675 1304 0872
1675 1304 0873
1478 1304 1988
1478 1304 1986
1080 1304 0601
1009 1304 0491
0201 1304 0729
1812-13-04-0085
066413041029&0664130410204
1812-13-04-0082
ILC0818130408767
BBCDAO301405
BBCDAO301340
1609 1304 0275
2082 1304 0822
0199 1304 0029
1080 1304 0627
1945-13-04-1647D
1478 1304 2143
1549 1304 0368
1949 1304 2411
1741 1304 2248
1478 1304 2181
1351-12-04-1981
0862 1304 3254
ILC0796130409454
BBCDAO301629
1349-13-04-0387
1812-13-04-0100
1019 1304 0267
ILC0796130409603
DPCDAO301667
0001/13/04/1285
0862 1304 3406
1010 1304 0282
1010 1304 0277
0499 1304 0467
0195 1304 0543
ILC0796130410288
ILC0796130410438
0742 1304 0050
2163 1304 0135
1560 1399 0047
0215 1304 0512
0215 1304 0512
1013 1304 0496
Issue Managers :

SM KNITWEARS LTD
SM KNITWEARS LTD
JEANS CARE LTD.
ABA GROUP
LENNY FASHIONS LTD
GIANT/SHAFI PROCESSING IND. LTDSCANDEX KNITWEAR LIMITED
E.H FABRICS LIMITED
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
EPCOT APPARELS LTD
MISAMI GROUP
ABA GROUP
CREATIVE GROUP
ABA GROUP
ELEGANT FASHION
LENNY FASHIONS LTD
INTRAMEX GROUP
JEANS CARE LTD.
NAKANO INTERNATIONAL CO.LTD
MUAZUDDIN LTD.
URMI GARMENTS LTD
TEXTIL FASHIONS LTD.
SHARMIN GROUP
MAJUMDER GROUP
STYLO GROUP
ABA GROUP
PADMA LTD
AFC CAPITAL LIMITED
221,594
437,072
271,801
244,977
218,935
510,725
376,631
719,978
1,244,765
136,152
136,030
183,968
183,461
140,769
322,982
282,320
824,173
554,868
681,027
1,299,527
253,654
215,744
413,978
403,514
500,199
458,085
749,367
204,482
410,946
1,180,601
777,888
312,827
730,458
107,396
366,429
150,153
246,666
1,892,820
214,466
692,555
588,112
275,829
389,062
127,281
315,909
437,947
341,864
283,156
563,857
407,291
187,391
257,106
684,488
1,450,331
1,333,943
561,093
993,018
651,600
233,632
3,155,177
221,594
437,072
271,801
244,977
218,935
510,725
376,631
719,978
1,244,765
136,152
136,030
183,968
183,461
140,769
322,982
282,320
824,173
554,868
681,027
1,299,527
253,654
215,744
413,978
403,514
500,199
458,085
749,367
204,482
410,946
1,180,601
777,888
312,827
730,458
107,396
366,429
150,153
246,666
1,892,820
214,466
692,555
588,112
275,829
389,062
127,281
315,909
437,947
341,864
283,156
563,857
407,291
187,391
257,106
684,488
1,450,331
1,333,943
561,093
993,018
651,600
233,632
3,155,177
Page | 107

777
778
779
780
781
782
783
784
785
786
787
788
789
790
791
792
793
794
795
796
797
798
799
800
801
802
803
804
805
806
807
808
809
810
811
812
813
814
815
816
817
818
819
820
821
822
823
824
825
826
827
828
829
830
831
832
1080 1304 0668

1348 1304 0560
0330 1304 0624
1003 1303 0014
2090 1304 0343
0215 1304 0422
1549 1304 0313
1478 1304 1829
2090 1304 0509
2721 1304 1149
1416 1304 1036
2966 1304 0377
0093 1304 2987
1555 1304 1212
1478 1304 2383
ILC0796130410084
1348 1304 0577
1351-13-04-0940
1559 1304 0563
RBDL/SIMTEX/03/13
1945 1304 2009C
1348 1304 0609
1351-13-04-1015
0947 1304 0273
0742 1304 0050
0742 1304 0050
0742 1304 0050
066413040692&0664130406919
0105 1304 0247
0215 1304 0422
1681 1304 0512
BBCDAO301232
1681 1304 0536
. 067313040776&0673130409102
0215 1304 0482
1208 1304 0750
1560 1399 0047
1957 1304 0133
5602 1304 0090
1549 1304 0353
2721 1304 1156
2721 1304 1155
0105 1304 0326
187713/04/1090
5602 1304 0097
1211 1304 0466
DPCDAO301547
BBCDAO301551
1213 1304 0085
DPCDAO301667
1416 1304 1131
1681 1304 0688
BBCDAK331063
2082 1304 0951
ILC0796130410352
1812-13-04-0115
833
1546 1304 0640
834
835
1478 1304 2453

0864 1304 0898
Issue Managers :

SM KNITWEARS LTD
RUPASHI FASHIONS LTD.
GIANT/SHAFI PROCESSING IND. LTDHAMS GARMENTS LIMITED
SPEEDWELL LTD
JANN COMPOSITE MILLS LIMITED
MAJUMDER GROUP
REZA GROUP
PADMA LTD
ROULIN (BD) LIMITED
S.B. DESIGNS LTD
ABA GROUP
ABA GROUP
ABA GROUP
DEBONAIR GROUP
FCI (BD) LTD
DAC PACIFIC (BD)LTD
MEEK KNIT LTD.
TALISMAN LTD.
COZIER LIMITED
COZIER LIMITED
DEBONAIR GROUP
TALISMAN LTD.
INFINITY SOURCING LTD
FORTUNEX LIMITED
NAKANO INTERNATIONAL CO.LTD
GIANT/SHAFI PROCESSING IND. LTDTRUST EMBROIDERY & TRIMS(TET)
FRIENDS WORLD COMPOSITE INDUSTRIES
LTD.
SM KNITWEARS LTD
SKYLINE GROUP
AFC CAPITAL LIMITED
597,082
559,321
405,627
2,266,769
965,068
176,452
345,615
310,857
394,720
1,254,719
139,120
147,376
229,922
391,024
990,124
344,414
319,389
204,850
1,272,882
386,941
966,492
177,344
176,899
83,327
198,947
2,273,138
362,574
256,903
84,504
224,540
552,353
369,416
1,094,631
287,286
231,488
163,104
189,545
940,473
317,610
198,691
125,050
245,876
366,468
155,626
400,304
171,198
356,403
174,847
144,656
187,692
406,665
317,526
258,805
362,530
146,415
130,250
597,082
559,321
405,627
2,266,769
965,068
176,452
345,615
310,857
394,720
1,254,719
139,120
147,376
229,922
391,024
990,124
344,414
319,389
204,850
1,272,882
386,941
966,492
177,344
176,899
83,327
198,947
2,273,138
362,574
256,903
84,504
224,540
552,353
369,416
1,094,631
287,286
231,488
163,104
189,545
940,473
317,610
198,691
125,050
245,876
366,468
155,626
400,304
171,198
356,403
174,847
144,656
187,692
406,665
317,526
258,805
362,530
146,415
130,250
107,658
107,658
253,990
333,639
253,990
333,639
Page | 108

836
837
838
839
840
841
842
843
844
845
846
847
848
849
850
851
852
853
854
855
856
857
858
859
860
861
862
863
864
865
866
867
868
869
870
871
872
873
874
875
876
877
878
879
880
881
882
883
884
885
886
887
888
889
890
891
892
893
894
895
1478 1304 2474

1478 1304 2474
1346-13-04-0274
1341/13/04/0219
1812-13-04-0120
1351-13-04-0978
1351-13-04-0985
1082 1304 2347
1746 1304 0512
1681 1304 0713
1609 1304 0382
1675 1304 1100
0943 1304 0844
0943 1304 0845
0947 1304 1011
067313041074&0673130412877
ILC0796130410944
1211 1304 0541
1211 1304 0540
0864 1304 0948
1010 1304 0329
066413041313&0664 1304 13135
3053 1304 0503
1082 1304 2450
0862 1304 3790
3685 1304 0322
2969 1304 0718
2960 1304 0717
1741 1304 2717
1351-13-04-1039
1066 1304 1677
1013 1304 0697
0943 1304 0872
0864 1304 0970
0215 1304 0682
2095 1304 0145
1949 1304 2954
1681 1304 0733
1416 1304 1239
1416 1304 1240
1208 1304 1041
0132 1304 1243
1082 1304 2505
1741 1304 2812
0742 1304 0053
0742 1304 0053
0742 1304 0050
ILC0796130404040
ILC0796130404040
ILC0796130404040
ILC0796130404040
ILC0796130404040
ILC0796130404301
ILC0796130404301
1351-13-04-0419
1351-13-04-0419
1549 1304 0207
1416 1304 0567
0862 1304 1908
0862 1304 1908
Issue Managers :

TECHNO FIBER LTD.
COZIER LIMITED
AST KNITWEAR LTD
SADMA GROUP
SADMA GROUP
SKYLINE GROUP
URMI GARMENTS LTD
FORTUNEX LIMITED
SILKEN SEWING LTD.
SILKEN SEWING LTD.
CREATIVE GROUP
MEDONA FASHION LTD.
SKYLINE GROUP
TOPAZ DRESSES LTD
GIANT/SHAFI PROCESSING IND. LTDGIANT/SHAFI PROCESSING IND. LTDDAC PACIFIC (BD)LTD
MITALI GROUP
UP DATE GROUP
ABA GROUP
ABA GROUP
ABA GROUP
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
GIANT/SHAFI PROCESSING IND. LTDADSLTD (A CONCERN OF ALIF GROUP)
AFC CAPITAL LIMITED
382,612
99,104
432,782
138,165
397,488
118,957
239,364
108,392
430,322
271,064
202,160
1,342,339
293,972
310,638
410,698
584,249
174,500
475,796
391,674
438,171
144,327
721,492
151,987
1,198,284
1,567,461
120,220
234,127
116,979
175,257
262,449
282,622
507,034
124,745
919,990
321,610
1,337,676
828,577
381,327
302,789
182,084
328,773
391,689
1,351,826
1,107,530
1,023,131
261,525
457,483
1,137,679
2,966,797
2,513,422
2,082,530
2,428,200
2,314,232
2,704,067
897,785
1,455,733
609,435
182,999
199,094
189,218
382,612
99,104
432,782
138,165
397,488
118,957
239,364
108,392
430,322
271,064
202,160
1,342,339
293,972
310,638
410,698
584,249
174,500
475,796
391,674
438,171
144,327
721,492
151,987
1,198,284
1,567,461
120,220
234,127
116,979
175,257
262,449
282,622
507,034
124,745
919,990
321,610
1,337,676
828,577
381,327
302,789
182,084
328,773
391,689
1,351,826
1,107,530
1,023,131
261,525
457,483
1,137,679
2,966,797
2,513,422
2,082,530
2,428,200
2,314,232
2,704,067
897,785
1,455,733
609,435
182,999
199,094
189,218
Page | 109

896
897
898
899
900
901
902
903
904
905
906
907
908
909
910
911
912
913
914
915
916
917
918
919
920
921
922
923
924
925
926
927
928
929
930
931
932
933
934
935
936
937
938
939
940
941
942
943
944
945
946
947
948
949
950
951
952
953
954
955
2154 1304 0075

0862 1304 1351
0195 1304 0334
066413040692&0664130406919
2082 1304 0578
1755 1304 0122
ILC0796130406621
ILC0796130406621
1416 1304 0728
1416 1304 0728
1351-13-04-0609
BBCDAK303852
1478 1304 1551
1478 1304 1551
0862 1304 2539
1478 1304 1644
1675 1304 0772
BBCDAO301288
1066 1304 1189
ILC0796130407719
ILC0796130407719
1675 1304 0808
1351-13-04-0705
067313040802&0673130409270
1351-13-04-0721
1351-13-04-0727
1013 1304 0492
1755 1304 0144
1013 1304 0492
1957 1304 0130
1274 1304 0183
2158 1304 0270
2158 1304 0274
1478 1304 1967
ILC0818 1304 08483
1759 1304 0344
0862 1304 2992
DPCDAO301474
0943 1304 0679
2960 1304 1019
0862 1304 3087
2721 1304 1168
1681 1304 0621
ILC0796130408997
0333 1304 0315
0930 1304 1321
0930 1304 1321
1348 1304 0502
1351-13-04-0809
0201 1304 0785
1675 1304 0939
1675 1304 0941
1086 1304 0553
1823-13-04-0090
1823-13-04-0091
1741 1304 2247
BBCDAO301587
1945 1304 1733B
1416 1304 1035
1416 1304 1037
Issue Managers :
ELEGANT FASHION
DAC PACIFIC (BD)LTD
SHARMIN GROUP
ELEGANT FASHION
ELEGANT FASHION
GIANT/SHAFI PROCESSING IND. LTDGIANT/SHAFI PROCESSING IND. LTDAST KNITWEAR LTD
MISAMI GROUP
ABA GROUP
ABA GROUP
AL-MUSLIM GROUP
SM KNITWEARS LTD
ELEGANT FASHION
ELEGANT FASHION
SM KNITWEARS LTD
AST KNITWEAR LTD
PADMA LTD
PADMA LTD
PRIMODIAL LIMITED
COZIER LIMITED
ABA GROUP
JEANS CARE LTD.
NASSA GROUP
EHSAN-MOON LIGHT GARMENTS LTD
AL-MUSLIM GROUP
PRIMODIAL LIMITED
ELEGANT FASHION
OEKO-TEX GROUP
AMAN GROUP
AMAN GROUP
SM KNITWEARS LTD
SM KNITWEARS LTD
E.H FABRICS LIMITED
CORDIAL DESIGN LTD
CORDIAL DESIGN LTD
CREATIVE GROUP
PRINCE GROUP
GIANT/SHAFI PROCESSING IND. LTDGIANT/SHAFI PROCESSING IND. LTD-
AFC CAPITAL LIMITED
1,599,611
255,722
112,962
365,764
760,139
127,077
2,235,710
260,665
289,217
258,843
1,330,590
818,567
586,852
673,180
592,476
208,493
392,276
444,505
645,559
791,922
597,830
237,000
363,244
613,400
248,014
324,068
986,336
867,402
457,784
179,031
893,088
208,179
91,996
996,385
260,892
477,949
3,094,521
470,129
721,737
1,051,083
1,349,314
235,416
304,042
1,384,672
111,442
367,852
104,755
200,564
245,784
497,000
298,322
536,261
139,518
122,547
295,020
220,069
456,279
372,105
353,252
133,793
1,599,611
255,722
112,962
365,764
760,139
127,077
2,235,710
260,665
289,217
258,843
1,330,590
818,567
586,852
673,180
592,476
208,493
392,276
444,505
645,559
791,922
597,830
237,000
363,244
613,400
248,014
324,068
986,336
867,402
457,784
179,031
893,088
208,179
91,996
996,385
260,892
477,949
3,094,521
470,129
721,737
1,051,083
1,349,314
235,416
304,042
1,384,672
111,442
367,852
104,755
200,564
245,784
497,000
298,322
536,261
139,518
122,547
295,020
220,069
456,279
372,105
353,252
133,793
Page | 110

956
957
958
959
960
961
962
963
964
965
966
967
968
969
970
971
972
973
974
975
976
977
978
979
980
981
982
983
984
985
986
987
988
989
990
991
992
993
994
995
996
997
998
999
1000
1001
1002
1003
1004
1005
1006
1007
1008
1009
1010
1011
1012
1013
1014
1015
1416 1304 1039

ILC0796130409382
1416 1304 1038
2490 1304 0655
1675 1304 0969
1759 1304 0381
2966 1304 0369
1759 1304 0382
1086 1304 0578
0930 1304 1401
ILC0796130409595
1009 1304 0538
0132 1304 1007
0105 1304 0354
2090 1304 0587
1675 1304 0994
1478 1304 2323
1675 1304 0993
BBCDAO301681
1877 13/04/1242
0132 1304 1038
BBCDAK305638
1082 1304 2166
0930 1304 1446
1351-13-04-0914
0201 1304 0864
0216 1304 0591
0105 1304 0357
0862 1304 3528
BBCDAO301751
0930 1304 1478
1346-13-04-0252
1549 1304 0429
1416 1304 1131
1013 1304 0632
0195 1304 0562
1478 1304 2415
1416 1304 1136
1416 1304 1143
BBCDAK305993
1675 1304 1054
1818-13-04-0127
0033 1304 0220
1351-13-04-0945
1949 1304 2705
1759 1304 0414
0338 1304 0433
2359 1304 0383
1949 1304 2726
1478 1304 2454
1478 1304 2440
1478 1304 2474
1675 1304 1064
1675 1304 1067
1082 1304 2302
BBCDAO301736
DPCDAO301844
1675 1304 1065
1558 1304 0315
1675 1304 1082
Issue Managers :
GIANT/SHAFI PROCESSING IND. LTDELEGANT FASHION

GIANT/SHAFI PROCESSING IND. LTDEPYLLION KNITWEAR LTD.
SM KNITWEARS LTD
JEANS CARE LTD.
JEANS CARE LTD.
E.H FABRICS LIMITED
GEMTEX LIMITED.
MITALI GROUP
DEBONAIR GROUP
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
MITALI GROUP
FORTUNEX LIMITED
ABA GROUP
NASSA GROUP
DEBONAIR GROUP
STERLING STYLES LIMITED
TALISMAN LTD.
AMAN GROUP
TECHNO FIBER LTD.
MISAMI GROUP
GIANT/SHAFI PROCESSING IND. LTDPADMA LTD
SHARMIN GROUP
GIANT/SHAFI PROCESSING IND. LTDGIANT/SHAFI PROCESSING IND. LTDNORPKNIT INDUSTRIES LTD.
SM KNITWEARS LTD
INTRAMEX GROUP
REZA GROUP
ABA GROUP
JEANS CARE LTD.
DURANTO KNIT COMPOSITE LTD
TOPAZ DRESSES LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
SM KNITWEARS LTD
JEANS CARE LTD.
SM KNITWEARS LTD
AFC CAPITAL LIMITED
261,689
1,389,671
114,273
292,256
153,555
129,977
570,758
202,785
216,343
753,809
520,559
2,181,448
186,224
262,900
1,639,879
341,235
425,129
200,596
451,934
322,106
366,406
733,234
152,731
2,109,671
213,588
294,958
321,363
545,057
495,799
162,705
245,618
677,864
215,874
542,085
1,428,983
321,980
1,124,611
279,356
246,120
209,918
120,443
331,456
1,079,228
516,379
1,479,113
356,286
1,223,322
161,642
232,863
419,245
1,530,770
178,925
107,430
121,448
827,242
368,619
470,993
609,496
159,432
93,025
261,689
1,389,671
114,273
292,256
153,555
129,977
570,758
202,785
216,343
753,809
520,559
2,181,448
186,224
262,900
1,639,879
341,235
425,129
200,596
451,934
322,106
366,406
733,234
152,731
2,109,671
213,588
294,958
321,363
545,057
495,799
162,705
245,618
677,864
215,874
542,085
1,428,983
321,980
1,124,611
279,356
246,120
209,918
120,443
331,456
1,079,228
516,379
1,479,113
356,286
1,223,322
161,642
232,863
419,245
1,530,770
178,925
107,430
121,448
827,242
368,619
470,993
609,496
159,432
93,025
Page | 111

1016
1017
1018
1019
1020
1021
1022
1023
1024
1025
1026
1027
1028
9.
1675 1304 1083

1478 1304 2490
1759 1304 0422
BBCDAO301882
1945 1304 2068B
0930 1304 1567
1080 1304 0746
2158 1304 0344
2158 1304 0343
1755 1304 0193
1823-13-04-0111
0033 1304 0245
3037 1304 0320
SM KNITWEARS LTD
SM KNITWEARS LTD
JEANS CARE LTD.
LENNY FASHIONS LTD
PRINCE GROUP
ABA GROUP
CORDIAL DESIGN LTD
PADMA LTD
Total
239,917
301,205
165,005
878,282
775,886
374,601
500,870
270,860
303,406
130,224
378,676
953,899
2,934,013
579,594,164
335,385,770
239,917
301,205
165,005
878,282
775,886
374,601
500,870
270,860
303,406
130,224
378,676
953,899
2,934,013
244,208,394
Details of tax base for calculation of deferred tax for the year ended on 30.06.2012 and 30.06.2013;
Response to the above: Details of tax base for calculation of deferred tax for the year ended on 30.06.2012 and
30.06.2013 are as under:
for the year ended 30 June 2012
2011-12 Tax Base
Amount in Taka
Cost Value
Particulars
Factory:
Land & Development
Plant and Machinery
Trolley
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int. Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Depreciation
Addition during
the year
Closing Balance As
on 30.06.2012
Rate
159,366,841
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
764,363,917
0%
20%
20%
20%
20%
20%
30%
10%
19,841,302
36,922,741
21,459
473,760
89,746
505,407,070
18,222,841
45,220,437
123,651,782
45,769,847
24,846,340
1,245,600
258,956,847
16,407,768
2,277,201
3,935,754
115,000
84,500
910,500
51,822
155,000
23,937,545
12,970,900
3,122,935
4,374,591
1,452,000
31,899
155,000
22,107,325
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
20%
15%
10%
30%
30%
20%
20%
30%
529,344,615
281,064,172
810,408,787
Opening Balance
As on 01.07.11
141,144,000
148,717,363
213,708,319
67,058
1,480,500
289,830
Opening Balance
As on 01.07.11
Charged during
the year
Closing Balance As on
30.06.12
57,349,008
34,819,300
60,087,472
9,120
201,348
9,193,986
7,453,902
124,560
111,889,688
54,660,602
97,010,213
30,579
675,108
9,283,732
7,453,902
124,560
169,238,696
159,366,841
139,277,198
240,349,888
36,479
805,392
36,775,945
17,392,438
1,121,040
595,125,221
4,502,830
543,585
701,990
42,550
25,350
288,630
11,057
46,500
6,162,492
4,975,168
728,483
760,836
21,735
17,745
414,774
14,533
79,050
7,012,323
9,477,999
1,272,068
1,462,826
64,285
43,095
703,404
25,590
125,550
13,174,816
19,900,669
4,128,068
6,847,520
50,715
41,405
1,659,096
58,131
184,450
32,870,054
63,511,500
118,902,010
182,413,511
627,995,276

Carrying Value
Tax Base
Effective Tax Rate
Issue Managers :
AFC CAPITAL LIMITED
W. D. V As on
30.06.12
Taka
701,261,128
627,995,276
73,265,852
10%
7,326,585
7,326,585
Page | 112

2011-12 Carrying Amount
Amount in Taka
Cost Value
Particulars
Factory:
Land & Development
Plant and Machinery
Trolley
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int. Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Depreciation
Opening
Balance As
on 01.07.11
Addition
during the
year
Closing
Balance As
on
30.06.2012
141,144,000
148,717,363
213,708,319
67,058
1,480,500
289,830
505,407,070
18,222,841
45,220,437
123,651,782
45,769,847
24,846,340
1,245,600
258,956,847
159,366,841
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
764,363,917
0%
10%
10%
10%
10%
10%
10%
10%
19,841,302
36,922,741
21,459
473,760
89,746
57,349,008
15,148,628
23,861,147
4,560
100,674
2,308,501
1,242,317
62,280
42,728,107
34,989,930
60,783,888
26,019
574,434
2,398,247
1,242,317
62,280
100,077,115
159,366,841
158,947,870
276,576,213
41,039
906,066
43,661,430
23,604,023
1,183,320
664,286,803
16,407,768
2,277,201
3,935,754
115,000
84,500
910,500
51,822
155,000
23,937,545
12,970,900
3,122,935
4,374,591
1,452,000
31,899
155,000
22,107,325
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
10%
10%
10%
15%
15%
10%
10%
20%
4,502,830
543,585
701,990
42,550
25,350
288,630
11,057
46,500
6,162,492
1,839,039
329,508
542,106
10,868
8,873
134,787
5,671
37,200
2,908,052
6,341,870
873,093
1,244,096
53,418
34,223
423,417
16,728
83,700
9,070,545
23,036,798
4,527,043
7,066,249
61,583
50,278
1,939,083
66,993
226,300
36,974,325
529,344,615
281,064,172
810,408,787
63,511,500
45,636,158
109,147,659
701,261,128
Rate
Opening
Balance As
on 01.07.11
Charged
during the
year
Closing Balance As
on 30.06.12
W. D. V As
on 30.06.12

2012-13 Tax Base
Amount in Taka
Cost Value
Particulars
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Opening Balance
As on 01.07.12
Addition
during the year
Depreciation
Revaluation
Surplus
41,125,159
Rate
200,992,200
203,980,495
385,192,866
67,058
3,130,500
48,860,184
26,995,840
2,670,600
871,889,743
0%
20%
20%
20%
20%
20%
30%
10%
54,660,602
97,010,213
30,579
675,108
9,283,732
7,453,902
124,560
169,238,696
29,863,979
57,636,531
7,296
491,078
7,915,290
5,862,581
254,604
102,031,359
84,524,580
154,646,744
37,875
1,166,186
17,199,023
13,316,483
379,164
271,270,055
200,992,200
119,455,915
230,546,122
29,183
1,964,314
31,661,161
13,679,357
2,291,436
600,619,688
20%
15%
10%
30%
30%
20%
20%
30%
9,477,999
1,272,068
1,462,826
64,285
43,095
703,404
25,590
125,550
13,174,816
6,713,134
877,066
820,828
15,215
12,422
560,619
15,525
121,035
9,135,843
16,191,133
2,149,134
2,283,653
79,500
55,517
1,264,023
41,115
246,585
22,310,660
26,852,535
4,970,042
7,387,448
35,501
28,984
2,242,477
62,102
282,415
41,861,502
182,413,511
111,167,203
293,580,715
642,481,190
159,366,841
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
764,363,917
500,200
10,042,695
47,832,765
1,650,000
2,800,507
2,149,500
1,425,000
66,400,667
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
13,665,000
1,719,040
1,360,756
1,144,000
19,496
219,000
18,127,292
43,043,668
7,119,176
9,671,101
115,000
84,500
3,506,500
103,217
529,000
64,172,162
810,408,787
84,527,959
936,061,905
41,125,159
Opening Balance
As on 01.07.12
Charged during
the year
Closing Balance
As on 30.06.13

Carrying Value
Tax Base
Effective Tax Rate
Issue Managers :
AFC CAPITAL LIMITED
W. D. V As on
30.06.13
Closing Balance As
on 30.06.2013
Taka
768,484,255
(642,481,190)
126,003,064
10%
12,600,306
(7,326,585)
5,273,721
Page | 113

2012-13 Carrying Amount
Amount in Taka
Cost Value
Particulars
Factory:
Land & Development
Plant and Machinery
Trolley
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int. Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Opening
Balance As on
01.07.12
Addition during
the year
Depreciation
Opening
Balance As on
01.07.12
Charged
during the
year
W. D. V As
on 30.06.13
Closing Balance
As on 30.06.2013
Rate
0%
10%
10%
10%
10%
10%
10%
10%
41,125,159
200,992,200
203,980,495
385,192,866
67,058
3,130,500
48,860,184
26,995,840
2,670,600
871,889,743
34,989,930
60,783,888
26,019
574,434
2,398,247
1,242,317
62,280
100,077,115
16,396,922
30,049,260
4,104
173,107
4,506,168
2,467,877
189,582
53,787,020
51,386,852
90,833,147
30,123
747,541
6,904,415
3,710,194
251,862
153,864,134
200,992,200
152,593,643
294,359,719
36,935
2,382,959
41,955,769
23,285,646
2,418,738
718,025,609
10%
10%
10%
15%
15%
10%
10%
20%
6,341,870
873,093
1,244,096
53,418
34,223
423,417
16,728
83,700
9,070,545
2,986,930
538,656
774,663
9,237
7,542
251,108
7,674
67,160
4,642,970
9,328,801
1,411,750
2,018,759
62,655
41,764
674,525
24,403
150,860
13,713,516
33,714,867
5,707,426
7,652,342
52,345
42,736
2,831,975
78,814
378,140
50,458,646
109,147,660
58,429,990
167,577,650
768,484,255
Revaluation
Surplus
159,366,841
193,937,800
337,360,101
67,058
1,480,500
46,059,677
24,846,340
1,245,600
764,363,917
500,200
10,042,695
47,832,765
1,650,000
2,800,507
2,149,500
1,425,000
66,400,667
41,125,159
29,378,668
5,400,136
8,310,345
115,000
84,500
2,362,500
83,721
310,000
46,044,870
13,665,000
1,719,040
1,360,756
1,144,000
19,496
219,000
18,127,292
43,043,668
7,119,176
9,671,101
115,000
84,500
3,506,500
103,217
529,000
64,172,162
810,408,787
84,527,959
41,125,159
936,061,905
Closing Balance As on
30.06.13
10. Explanations regarding decrease of selling and distribution expenses despite the increase of sales for the ended on
30.06.2013;
Response to the above: Simtex Industries Limited has changed marketing policy for the sampling & development from
the year 2012-13. As per new policy the Company issued color shade to the buyer instead of full cone thread. Thats
why the sampling cost reduced by Tk. 2,391,621 than the consequent previous year 2011-12. As a result the selling &
distribution cost comparatively reduced at the year 2012-13.
11. Explanations regarding charging financial expenses as non-operating expenses in the statement of comprehensive
income and showing financial expenses as cash outflows in the cash flow from operating activities in the cash flow
statement for the year ended on 30.06.2013.
Response to the above:
The Company has been charged financial expenses as non-operating expenses in the statement of Comprehensive
Income as common practice/convention of presentation of Statement of Comprehensive Income. However, the
company will revise the next financial statements i.e. June 2014, by deleting financial expenses as non-operating
expenses.
In addition, the Company has shown financial expenses as cash outflows in the cash flow from operating activities in the
cash flow statement for the year ended on 30.06.2013 as per BAS 7 Para 31 and Para 33. The related paragraphs describe
as follows:
Cash flows from interest and dividends received and paid shall each be disclosed separately. Each shall be classified in a
consistent manner from period to period as either operating, investing or financing activities. [Para 31]
Interest paid and interest and dividends received are usually classified as operating cash flows for a financial institution.
However, there is no consensus on the classification of these cash flows for other entities. Interest paid and interest and
dividends received may be classified as operating cash flows because they enter into the determination of profit or loss.
Alternatively, interest paid and interest and dividends received may be classified as financing cash flows and investing
cash flows respectively, because they are costs of obtaining financial resources or returns on investments. [Para33]

Issue Managers :
AFC CAPITAL LIMITED
Page | 114

Auditors additional disclosure relating to the financial statements for the year ended 30 June, 2014 of
1.
Segregated amount of land and land development from the year ended on 30.06.2009 to 30.06.2014;
Response to the above: The Segregated amount of land and land development cost from the year ended on 30.06.2009 to
30.06.2014 are as follows:
Particulars
Land
Land Development
Revaluation Surplus
Total
2.
2008-09
840,775
3,209,485
62,543,740
66,594,000
2009-10
840,775
3,209,485
62,543,740
66,594,000
2010-11
58,602,450
19,997,810
62,543,740
141,144,000
2011-12
58,602,450
38,220,651
62,543,740
159,366,841
2012-13
58,602,450
38,720,851
103,668,899
200,992,200
2013-14
67,431,250
39,840,551
103,668,899
210,940,700
Details of accounts receivable for the year ended on 30.06.2014;

Response to the above: Details of accounts receivable for the year ended on 30.06.2014 is as follows:
SL
No.
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
L/C Number
127413040374
BBCDAK301716
147813044539
308513040761
ILC0796130416192
ILC0796130409382
ILC0796130409382
003314040071
222714040102
134713040636
ILC0796130411749
235413040409
175913040344
086414040210
ILC0796130404040
000213041313
003314040114
175914040035
235414040038
010514040108
000214040058
134714040128
021514040082
009314040270
100114040041
235414040113
033014040299
127414040099
010114040078
003314040185
135114040319
010514040109
BBCDAK309095
ILC0796130418396
021514040267
308513040753
033314040202
010514040228
020014040294
127414040038
020114040053
033814040183
009314040761
Issue Managers :
PARTY NAME
THE WELLTEX GROUP
IMPRESS-NEWTEX COMPOSITE TEXTILE LTD.
ELEGANT FASHION
ELEGANT FASHION
ELEGANT FASHION
AJI GROUP
TAQWA FABRICS LTD
ELEGANT FASHION
E.H FABRICS LIMITED
JEANS CARE LIMITED
SKYLINE GROUP
ELEGANT FASHION
SADAT COMPOSITE KNIT IND LTD
M/S COMPTEX
SIGNET ENTERPRISES LTD
DEBONAIR GROUP
TAQWA FABRICS LTD
DOREEN ATTIRE LTD
THE WELL TEX GROUP
KAW GARMENTS INDUSTRIES LTD.
S.B DESIGNS LIMITED
DEBONAIR GROUP
ELEGANT FASHION
FORTUNEX LIMITED
OEKO-TEX GROUP
DEBONAIR GROUP
KAC FASHION
THE WELLTEX GROUP
SHARMIN GROUP
DOREEN ATTIRE LTD
AFC CAPITAL LIMITED
RECEIVABLE
(TK.)
834,053
70,135
266,552
457,672
1,737,174
1,443,148
289,687
1,095,168
486,656
242,054
1,061,788
404,234
126,970
1,434,158
1,167,875
413,637
1,210,336
218,604
601,764
875,131
279,776
1,293,504
192,771
559,133
445,689
1,328,144
418,524
316,327
335,048
1,581,849
349,397
172,504
418,597
1,395,120
509,068
115,778
215,645
203,882
627,330
681,531
208,684
1,170,648
657,941
INLAND BILL
PURCHASE
(IBP)
750,648
63,121
239,897
411,905
1,563,457
1,298,833
260,718
985,651
437,990
217,849
955,609
363,811
114,273
1,290,742
1,051,088
372,274
1,089,302
196,744
541,588
787,618
251,798
1,164,154
173,494
503,220
401,120
1,195,330
376,671
284,695
301,543
1,423,664
314,457
155,254
376,737
1,255,608
458,161
104,200
194,080
183,494
564,597
613,378
187,815
1,053,583
592,147
NET
RECEIVABL
E
83,405
7,013
26,655
45,767
173,717
144,315
28,969
109,517
48,666
24,205
106,179
40,423
12,697
143,416
116,788
41,364
121,034
21,860
60,176
87,513
27,978
129,350
19,277
55,913
44,569
132,814
41,852
31,633
33,505
158,185
34,940
17,250
41,860
139,512
50,907
11,578
21,564
20,388
62,733
68,153
20,868
117,065
65,794
Page | 115

44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
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74
75
76
77
78
79
80
81
82
83
84
85
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87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
009314040867
013814040179
033014040478
010514040257
010514040109
010514040181
010114040084
000214040302
019514040224
235914040221
094713041834
000414040133
000414040103
009314040867
010514040199
010514040171
010514040247
010514040263
020114040345
000114040649
108013041009
135413040756
35414040058
35414040085
089014040019
194514040271
161614040010
308513040794
089013041010
089014040051
089013041093
167513041883
089013041204
BBCDAO400039
167513042028
100714040063
305313041059
089014040078
094314040181
147814040069
209314040117
094313041691
195314040162
147814040173
108214040328
108214040328
094713042032
094714040092
094714040092
094313041659
094314040185
308514040034
079614041796
147814040316
003314040006
106614040050
182313040276
168914040173
108214040316
167514040001
208214040253
108613041246
086414040124
174214040083
221714040226
108613041115
108214040094
133514040282
194914040188
Issue Managers :
DOREEN ATTIRE LTD

CONFIDENCE INTERNATIONAL LTD
DEBONAIR GROUP
DEBONAIR GROUP
DEBONAIR GROUP
KAW GARMENTS INDUSTRIES LTD.
SHARMIN GROUP
DURANTO KNIT
EAST WEST (BD) INC.
EAST WEST (BD) INC.
DOREEN ATTIRE LTD
DEBONAIR GROUP
DEBONAIR GROUP
DEBONAIR GROUP
DEBONAIR GROUP
MAGPIE COMPOSITE TEXTILES LTD
KNIT LUSTRE
KNIT LUSTRE
KNIT LUSTRE
LIBAS TEXTILE LTD
IMPRESSIVE GARMENTS (PVT) LIMITED
AVANT GRADE FASHION LTD. (RING SHINE)
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
MULTITEX EXPORT SOLUTIONS LTD
PARKSTAR APPAREL LTD
LIBAS TEXTILE LTD
SEASONS DRESSES LTD
ABA GROUP
CONFIDENCE INTERNATIONAL LTD.
SEASONS DRESSES LTD
COMFIT COMPOSITE KNIT LTD.
ABA GROUP
FASHION FLASH LTD (JCL GROUP)
SEASONS DRESSES LTD
STYLO GROUP
EPYLLION KNITWEARS
EPCOT APPARELS LTD
CORDIAL DESIGN LTD.
NEEDLE DROP LTD.
RENAISSANCE APPARELS LTD
E.H.FABRICS LIMITED
SKYLINE GROUP
DESIGN & SOURCE LTD
E.H.FABRICS LIMITED
AMAN GROUP
UNION GARMENTS LIMITED
ABA GROUP
AFC CAPITAL LIMITED
219,011
1,200,748
563,273
998,243
261,111
164,023
290,285
312,372
1,355,044
231,634
259,877
306,593
324,585
301,528
272,753
288,785
113,524
465,403
320,734
294,249
476,137
164,413
314,586
272,698
82,122
1,507,892
80,264
404,725
244,373
134,576
277,741
149,516
111,602
391,076
1,566,078
346,732
724,580
173,088
179,285
430,602
1,799,683
349,740
474,635
1,162,132
950,880
1,736,465
362,771
676,739
509,179
1,252,240
363,262
381,273
197,900
168,094
470,206
300,813
441,601
171,323
570,352
343,010
689,777
574,507
3,222,103
1,128,053
342,139
185,982
312,940
894,618
708,001
197,110
1,080,673
506,946
898,419
235,000
147,621
261,256
281,135
1,219,540
208,470
233,889
275,934
292,127
271,375
245,478
259,907
102,172
418,863
288,661
264,824
428,523
147,972
283,127
245,429
73,910
1,357,102
72,238
364,253
219,936
121,119
249,967
134,565
100,442
351,968
1,409,470
312,059
652,122
155,779
161,356
387,542
1,619,714
314,766
427,172
1,045,918
855,792
1,562,818
326,494
609,066
458,261
1,127,016
326,936
343,146
178,110
151,285
423,186
270,732
397,441
154,191
513,316
308,709
620,800
517,056
2,899,893
1,015,248
307,925
167,384
281,646
805,157
637,201
21,901
120,075
56,327
99,824
26,111
16,402
29,028
31,237
135,504
23,163
25,988
30,659
32,459
30,153
27,275
28,879
11,352
46,540
32,073
29,425
47,614
16,441
31,459
27,270
8,212
150,789
8,026
40,473
24,437
13,458
27,774
14,952
11,160
39,108
156,608
34,673
72,458
17,309
17,928
43,060
179,968
34,974
47,464
116,213
95,088
173,646
36,277
67,674
50,918
125,224
36,326
38,127
19,790
16,809
47,021
30,081
44,160
17,132
57,035
34,301
68,978
57,451
322,210
112,805
34,214
18,598
31,294
89,462
70,800
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194914040117
208214040188
147814040534
100314040095
167514040088
094314040232
194514040271c
308514040033
10114120091
308514040021
135113041917
135114040174
089913040821
182314040040
182314040021
106614040525
161614040010
108214040667
100714040261
167514040120
086414040024
108214040571
ILCO796130422202
194514040836C
074213040548
089014040170
089014040169
272114040188
101314040019
147814040583
249013041640
296013042628
094314040098
147814040156
147814040592
'147814040581
147814040036
147814040758
147814040758
147814040733
074213040547
089014040101
168914040208
088214040708
094314040008
094313041704
108614040124
194914040493
147814040548
168914040597
167513041968
167513042015
194914040615
086214041014
153914040330
431313040394
431313040401
431314040006
235714040020
003314040020
141614040328
135114040181
135114040160
304514040140
431314040004
134813041272
013814040053
013814040059
195714040021
Issue Managers :
ABA GROUP
M M CORPORATION
ABA GROUP
LYNDA FASHION LTD
FORTUNEX LIMITED
AST. KNIT WEAR LTD.
ARABI FASHION LIMITED
ZAARA FASHION
CORDIAL DESIGN LTD.
CORDIAL DESIGN LTD.
INTRAMAX KNITWEAR LTD.
S.M KNITWEARS LIMITED
SKYLINE GROUP
AMAN GROUP
STYLO GROUP
CIVIC APPARELS LTD.
ABA GROUP
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
BAXTER BRENTON(BD) CLOTHING MANUFACTURING CO. LTD.
PADMA LIMITED
ABA GROUP
EPYLLION KNITWEARS
SEASONS DRESSES LTD
IMPRESS NEWTEX
ABA GROUP
ABA GROUP
ABA GROUP
IMPRESS NEWTEX
IMPRESS NEWTEX
ABA GROUP
ABA GROUP
LIBAS TEXTILE LTD
TEXEUROP(BD) LTD.
URMI GARMENTS LTD
SEASONS DRESSES LTD
SEASONS DRESSES LTD
E.H.FABRICS LIMITED
ABA GROUP
TEXEUROP(BD) LTD.
TOPAZ DRESSES LTD
URMI GARMENTS LTD
ABONI KNITWEAR LIMITED
EXPERIENCE GROUP
EXPERIENCE GROUP
EXPERIENCE GROUP
SCANDEX KNITWEAR
CRYSTAL GROUP
SEPAL GROUP
WINDY GROUP
EXPERIENCE GROUP
NEW LINE CLOTHINGS LTD
ELAINE APPARELS LTD.
MEEK KNIT LIMITED
AFC CAPITAL LIMITED
137,795
485,257
4,175,926
363,813
924,060
2,518,213
891,223
400,010
402,604
463,034
618,181
214,090
714,989
392,173
1,028,803
236,933
159,551
634,345
120,611
200,094
174,557
470,544
400,683
1,448,422
305,804
80,016
116,655
280,068
211,782
143,871
331,561
993,920
490,443
132,272
256,112
798,171
225,591
1,608,306
1,140,849
3,451,923
371,690
167,504
767,646
172,198
300,971
280,559
104,953
345,109
449,583
315,888
195,883
95,574
332,882
176,057
330,689
168,841
259,869
419,856
185,316
155,262
155,645
516,469
365,679
191,500
680,895
591,646
92,836
124,670
412,758
124,016
436,731
3,758,334
327,431
831,654
2,266,391
802,101
360,009
362,343
416,731
556,363
192,681
643,490
352,956
925,923
213,239
143,596
570,911
108,550
180,085
157,101
423,490
360,615
1,303,579
275,223
72,015
104,990
252,061
190,603
129,484
298,405
894,528
441,399
119,045
230,500
718,354
203,032
1,447,476
1,026,764
3,106,731
334,521
150,754
690,881
154,979
270,874
252,503
94,458
310,599
404,625
284,299
176,294
86,017
299,594
158,451
297,620
151,957
233,882
377,870
166,784
139,736
140,080
464,822
329,111
172,350
612,805
532,481
83,552
112,203
371,482
13,780
48,526
417,593
36,381
92,406
251,821
89,122
40,001
40,260
46,303
61,818
21,409
71,499
39,217
102,880
23,693
15,955
63,435
12,061
20,009
17,456
47,054
40,068
144,842
30,580
8,002
11,666
28,007
21,178
14,387
33,156
99,392
49,044
13,227
25,611
79,817
22,559
160,831
114,085
345,192
37,169
16,750
76,765
17,220
30,097
28,056
10,495
34,511
44,958
31,589
19,588
9,557
33,288
17,606
33,069
16,884
25,987
41,986
18,532
15,526
15,564
51,647
36,568
19,150
68,089
59,165
9,284
12,467
41,276
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201814040058
174713041130
147814040332
147814040758
094714040250
147814040036
094714040174
560214040016
094714040174
089014040213
089014040231
135114040183
168914041045
174614040187
174614040175
560214040008
094714040233
079614043577
BBCDAO400307
215913040623
106614040250
154414040110
080214043754
215814040079
134814040169
108214040316
135114040075
194914040373
194614040012
074214040012
108614040069
181814040037
094713041870
134914040155
182314040053
134814040081
134814040031
101314040233
101314040233
100914040213
194514041189D
215913040615
074214040081
308514040124
168914040344
1945140409706C
147814040900
74214040044
086214040951
086214041057
195714040021
135114040225
168914041240
089014040223
194514040772B
194514040771B
305314040146
147814040239
079614042483
086214040220
208214040224
094314040306
134814040276
174614040202
174614040202
134914040071
147814040737
134914040204
141614040041
Issue Managers :
MADONA FASHION
INTRAMEX GROUP
IMPRESS NEWTEX
ABA GROUP
FCI (BD) LTD
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
EPYLLION KNITWEARS
INTERSTOFF APPAPELS LTD.
FCI (BD) LTD
STYLO GROUP
ABA GROUP
BIRDS GROUP
BIRDS GROUP
MARS STICH LTD
AST. KNIT WEAR LTD.
ABA GROUP
COZIER LIMITED
ABA GROUP
E.H.FABRICS LIMITED
INTRAMEX GROUP
INTRAMEX GROUP
CORDIAL DESIGN LTD.
LIZ FASHION INDUSTRY LIMITED
METRO KNITTING & DYEING MILLS LIMITED
WINDY GROUP
GRAMEEN FABRICS&FASHION LTD
ABA GROUP
ABA GROUP
ABA GROUP
URMI GARMENTS LTD
URMI GARMENTS LTD
MEEK KNIT LIMITED
S.B.STYLE COMPOSITE LTD
NEEDLE DROP LTD.
LIBAS TEXTILE LTD
ABA GROUP
ADS LTD (A CONCERN OF ALIF GROUP)
INTRAMEX GROUP
ABA GROUP
AFC CAPITAL LIMITED
297,626
348,411
216,023
362,981
143,733
493,660
1,079,227
1,492,506
982,447
119,687
153,616
173,496
173,941
712,380
231,640
1,068,843
440,503
461,794
481,552
1,636,677
1,196,099
828,263
613,322
216,142
500,169
569,278
1,589,309
1,205,050
1,676,242
314,875
326,963
594,749
85,421
155,910
310,979
84,894
354,926
645,615
438,301
1,330,956
134,346
459,754
505,916
364,326
142,773
1,054,763
422,891
899,207
138,385
670,159
206,632
130,071
320,564
204,961
90,095
91,313
635,195
853,206
397,507
261,341
834,741
3,446,999
1,154,178
537,651
355,438
471,167
965,142
323,996
681,058
267,864
313,570
194,420
326,683
129,360
444,294
971,304
1,343,255
884,203
107,719
138,254
156,146
156,547
641,142
208,476
961,959
396,453
415,615
433,397
1,473,009
1,076,489
745,436
551,990
194,528
450,152
512,350
1,430,378
1,084,545
1,508,617
283,387
294,266
535,274
76,879
140,319
279,881
76,404
319,434
581,053
394,471
1,197,861
120,912
413,779
455,324
327,894
128,495
949,286
380,602
809,286
124,546
603,143
185,969
117,064
288,508
184,465
81,086
82,181
571,675
767,886
357,756
235,207
751,267
3,102,299
1,038,760
483,886
319,894
424,050
868,627
291,596
612,952
29,763
34,841
21,602
36,298
14,373
49,366
107,923
149,251
98,245
11,969
15,362
17,350
17,394
71,238
23,164
106,884
44,050
46,179
48,155
163,668
119,610
82,826
61,332
21,614
50,017
56,928
158,931
120,505
167,624
31,487
32,696
59,475
8,542
15,591
31,098
8,489
35,493
64,561
43,830
133,096
13,435
45,975
50,592
36,433
14,277
105,476
42,289
89,921
13,838
67,016
20,663
13,007
32,056
20,496
9,010
9,131
63,519
85,321
39,751
26,134
83,474
344,700
115,418
53,765
35,544
47,117
96,514
32,400
68,106
Page | 118

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168914040346
168914040623
168914041001
194914040878
194914040602
153914040511
431314040020
134814040254
0673130427111
108214040904
108214040904
194514040773B
101013040215
182314040093
089014040212
089014040277
089014040233
100113041249
080214044063
181614040377
194914040073
089014040214
108214040109
074214040002
147814040519
194913045244
195514040429
134614040190
094314040134
094314040309
081814043843
134614040004
096814040076
296914040027
101914040140
161614040027
133514040666
100914040272
194914041040
BBCDAO400570
147814040861
147814040671
168914041555
094714040092
168914041586
168914041080
168914040633
108214041050
BBCDAK430723
BBCDAK431159
153914040330
093014040299
093014040299
208214040432
101314040303
174114041365
304514040231
296914040168
209314040229
296914040063
215814040124
080214045756
108214041223
147814040587
194914041044
147814040905
195514040183
134814040175
194514041192b
Issue Managers :

TOPAZ DRESSES LTD
TOPAZ DRESSES LTD
EXPERIENCE GROUP
CORDIAL DESIGN LTD.
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
NABA KNIT COMPOSITE LTD
LIBAS TEXTILE LTD
ABA GROUP
LIBAS TEXTILE LTD
ABA GROUP
BANDO DESIGN
RABAB FASHION INDUSTRIES LTD
TECHNO FIBER LTD.
SEASONS DRESSES LTD
TECHNO FIBER LTD.
SAASCO GROUP
KS APPARELS LIMITED
JEANS PLUS LTD
METRO KNITTING & DYEING MILLS LIMITED
ABA GROUP
TALISMAN LTD.
FAKIR FASHION LID.
TEXEUROP(BD) LTD.
NORPKNIT INDUSTRIES LTD
DEKKO GARMENTS LTD
DEKKO GARMENTS LTD
AJI GROUP
WINDY GROUP
SILKEN SEWING
SILKEN SEWING
MARS STICH LTD
TOPAZ DRESSES LTD
ABA GROUP
PRINCE GROUP
AFC CAPITAL LIMITED
311,605
150,264
318,080
529,079
122,678
376,487
218,941
345,297
364,661
89,055
441,488
444,163
662,853
880,176
169,078
104,501
114,401
247,849
542,954
609,900
85,921
101,592
3,313,273
214,487
563,140
81,599
89,759
336,253
200,803
2,927,414
509,893
383,268
305,127
450,382
206,717
455,343
1,046,147
1,090,854
2,696,918
379,660
1,731,017
92,611
635,400
509,134
670,589
464,223
86,477
1,259,028
227,804
881,170
383,060
105,952
147,429
660,481
392,083
307,934
397,625
453,471
1,628,359
163,129
918,029
589,965
349,618
333,620
186,177
1,724,187
201,126
508,931
1,043,136
280,444
135,238
286,272
476,171
110,410
338,838
197,047
310,768
328,195
80,150
397,339
399,747
596,568
792,159
152,170
94,051
102,961
223,064
488,659
548,910
77,329
91,433
2,981,946
193,038
506,826
73,439
80,783
302,628
180,722
2,634,672
458,904
344,941
274,614
405,344
186,045
409,809
941,533
981,768
2,427,226
341,694
1,557,915
83,350
571,860
458,221
603,530
417,801
77,829
1,133,126
205,023
793,053
344,754
95,356
132,686
594,433
352,875
277,141
357,862
408,124
1,465,523
146,816
826,226
530,968
314,656
300,258
167,559
1,551,768
181,013
458,038
938,822
31,160
15,026
31,808
52,908
12,268
37,649
21,894
34,530
36,466
8,906
44,149
44,416
66,285
88,018
16,908
10,450
11,440
24,785
54,295
60,990
8,592
10,159
331,327
21,449
56,314
8,160
8,976
33,625
20,080
292,741
50,989
38,327
30,513
45,038
20,672
45,534
104,615
109,085
269,692
37,966
173,102
9,261
63,540
50,913
67,059
46,422
8,648
125,903
22,780
88,117
38,306
10,595
14,743
66,048
39,208
30,793
39,762
45,347
162,836
16,313
91,803
58,996
34,962
33,362
18,618
172,419
20,113
50,893
104,314
Page | 119

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386
387
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194514040772b
1945140407771b
134814040225
100813040849
147814040972
194914040955
431313040437
0673130427111
106614040540
431314040112
BBCDAO400485
431314040113
308514040179
086414040312
296614040068
075114040170
195314040265
079614123555
097314040235
298014040640
298014040425
168914040345
134814040335
079614045688
147814041272
0664140407244
120814040254
194514041466B
080214042667
089014040346
086214041626
174214040438
431314040145
141614040124
431314040120
108214040405
108214040406
134814040175
141613042322
141614040391
431314040104
086214040016
168914041082
135114040302
147814041264
135414040127
195714040083
147814040733
174214040378
154414040186
094314040452
194914040802
086414040473
135114040424
093014040401
108014040181
296014040636
BBCDAK403119
168914040600
431314040121
431314040030
308514040299
308514040210
BBCDAO400486
209314040287
080214047528
134313042381
134314040191
094714040092
Issue Managers :

HORNBILL APPARELS
ABA GROUP
AMTRANET GROUP
EXPERIENCE GROUP
FORTUNEX LIMITED
EXPERIENCE GROUP
EXPERIENCE GROUP
FORTUNEX LIMITED
SKYLINE GROUP
MEGHNA KNIT COMPOSITE LTD.
COMFIT COMPOSITE KNIT LTD.
SEASONS DRESSES LTD
KNIT LUSTRE
STYLO GROUP
ABA GROUP
JUPITER READYMADE GARMENTS LTD.
DAC PACIFIC (BD) LTD.
LIBAS TEXTILE LTD
URMI GARMENTS LTD
DESIGN & SOURCE LTD
EXPERIENCE CLOTHING
EXPERIENCE GROUP
MAVIS GARMENTS
SHAFI PROCESSING
EXPERIENCE CLOTHING
AST KNITWEAR LTD.
ABA GROUP
KNIT LUSTRE
MEEK KNIT LIMITED
ABA GROUP
BIRDS GROUP
SEASONS DRESSES LTD
AMTRANET GROUP
SKYLINE GROUP
ABA GROUP
EXPERIENCE GROUP
EXPERIENCE GROUP
MARS STICH LTD
MEDONA FASHION
MEDONA FASHION
AFC CAPITAL LIMITED
238,177
110,631
795,224
101,506
957,964
565,767
308,545
351,308
685,617
239,560
495,698
240,714
1,503,995
289,620
1,277,617
1,313,277
334,455
101,749
439,218
239,737
170,971
163,749
696,474
1,089,089
4,224,530
821,023
263,907
105,899
2,028,044
140,478
340,915
751,072
443,870
575,749
757,055
344,556
507,749
645,609
986,982
1,191,046
192,383
251,158
602,226
1,302,284
1,128,396
335,189
700,825
624,139
747,812
974,155
408,500
1,211,912
439,943
620,110
683,484
615,071
1,747,142
244,407
189,649
523,753
660,280
396,352
374,913
381,935
2,025,300
768,328
695,855
330,595
618,022
214,360
99,568
715,702
91,356
862,168
509,190
277,690
316,177
617,056
215,604
446,128
216,642
1,353,596
260,658
1,149,855
1,181,950
301,009
91,574
395,296
215,764
153,874
147,374
626,827
980,180
3,802,077
738,921
237,517
95,309
1,825,239
126,430
306,823
675,965
399,483
518,175
681,349
310,101
456,974
581,048
888,284
1,071,942
173,145
226,042
542,003
1,172,056
1,015,556
301,670
630,742
561,725
673,031
876,739
367,650
1,090,721
395,949
558,099
615,136
553,564
1,572,428
219,966
170,684
471,378
594,252
356,716
337,421
343,742
1,822,770
691,495
626,270
297,536
556,220
23,818
11,063
79,522
10,151
95,796
56,577
30,854
35,131
68,562
23,956
49,570
24,071
150,400
28,962
127,762
131,328
33,445
10,175
43,922
23,974
17,097
16,375
69,647
108,909
422,453
82,102
26,391
10,590
202,804
14,048
34,091
75,107
44,387
57,575
75,705
34,456
50,775
64,561
98,698
119,105
19,238
25,116
60,223
130,228
112,840
33,519
70,082
62,414
74,781
97,415
40,850
121,191
43,994
62,011
68,348
61,507
174,714
24,441
18,965
52,375
66,028
39,635
37,491
38,194
202,530
76,833
69,586
33,060
61,802
Page | 120

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411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
094714040464
BBCDAK402321
304513041037
168914041118
560214040043
168914041693
BBCDAK403371
182314040086
215914040048
168914041792
296914040171
208214040460
208214040613
155914040311
179614046376
090214040101
1689 1404 1730
1348 1404 0371
1274 1404 0133
1348 1404 0328
0890 1404 0397
1549 1404 0125
67,314,040,544
1351-14-04-0478
1955 1404 0183
1354-14-04-0231
1949 1404 1053
1945 1404 1558 C
2966 1404 0140
0865 1404 0353
1949 1404 0615
1949 1404 0878
0818 1404 6911
135113041809
009314040024
003314040006
108014040034
067314040185&0673140402172
108614040192
120814040254
134814040221
168914041373
168914041445
194914040955
215914040095
BBCDAO400796
108014040141
147814041097
194914041040
215014040183
195514040535
308514040302
BBCDAK403155
194514041432D
208214040547
181614040650
155814040227
168914042037
168914042062
108214041451
094714040519
094714040520
079614047518
BBCDAK431972
209314040453
431314040119
208214040526
BBCDAK402615
BBCDAK402321
Issue Managers :

EPYLLION KNITWEARS
FCI (BD) LTD
CORDIAL DESIGN LTD.
SILKEN SEWING
NORTHERN GROUP
TOTAL MERCHANDISING & TRISM (TMT)
WELLTEX GROUP
LIBAS TEXTILE LTD
MISAMI GROUP
KNIT ASIA LIMITED
S.B DESIGNS LIMITED
KNIT LUSTRE
ABA GROUP
TOPAZ DRESSES LTD
TOPAZ DRESSES LTD
ELEGANT FASHION
DOREEN ATTIRE LTD.
E.H.FABRICS LIMITED
AMTRANET GROUP
ABA GROUP
LENNY FASHION LTD
ABA GROUP
A&A GROUP
FOUNTAIN GARMENTS MFG. LTD
EPCOT APPARELS LTD
JEACON GARMENTS LTD.
JEANS PLUS LTD
MEGHNA KNIT COMPOSITE LTD.
STYLO GROUP
EXPERIENCE GROUP
M M CORPORATION
AFC CAPITAL LIMITED
1,825,388
816,001
310,870
790,234
2,027,689
1,168,887
993,740
269,753
527,792
152,474
274,575
1,893,682
182,577
207,567
429,904
187,441
459,781
765,384
412,266
136,493
151,413
279,509
128,972
379,250
124,415
745,652
249,802
2,101,095
1,009,937
436,402
151,707
470,554
341,149
129,743
819,505
1,748,520
270,117
339,205
249,318
506,532
533,090
194,564
875,170
608,736
727,647
1,398,847
866,745
182,854
2,421,821
994,445
413,299
581,990
163,900
300,423
1,107,047
302,225
157,388
563,856
99,901
710,012
240,536
204,903
570,528
84,733
1,163,763
652,948
193,116
98,171
145,322
1,642,849
734,401
279,783
711,210
1,824,920
1,051,998
894,366
242,777
475,013
137,226
247,117
1,704,314
164,320
186,810
386,914
168,697
413,803
688,846
371,040
122,844
136,272
251,558
116,074
341,325
111,974
671,086
224,821
1,890,985
908,944
392,761
136,536
423,498
307,034
116,769
737,555
1,573,668
243,105
305,284
224,386
455,879
479,781
175,107
787,653
547,863
654,882
1,258,962
780,070
164,568
2,179,639
895,000
371,969
523,791
147,510
270,381
996,342
272,002
141,649
507,470
89,911
639,011
216,482
184,413
513,476
76,259
1,047,387
587,653
173,804
88,354
130,790
182,539
81,600
31,087
79,023
202,769
116,889
99,374
26,975
52,779
15,247
27,457
189,368
18,258
20,757
42,990
18,744
45,978
76,538
41,227
13,649
15,141
27,951
12,897
37,925
12,442
74,565
24,980
210,109
100,994
43,640
15,171
47,055
34,115
12,974
81,951
174,852
27,012
33,920
24,932
50,653
53,309
19,456
87,517
60,874
72,765
139,885
86,674
18,285
242,182
99,444
41,330
58,199
16,390
30,042
110,705
30,222
15,739
56,386
9,990
71,001
24,054
20,490
57,053
8,473
116,376
65,295
19,312
9,817
14,532
Page | 121

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477
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480
481
482
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484
485
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487
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489
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491
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494
495
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497
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506
507
508
509
510
511
512
513
514
515
516
517
518
519
520
521
522
523
524
525
526
BBCDAK313298
094714040233
134514040119
080214047933
168914042164
108214040642
BBCDAK431973
174614040291
174614040299
BBCDAK402039
093014040676
195514040537
093014040678
174214040497
147814041442
174714040488
174714040543
424010031233L
431314040183
431314040179
431314040189
431314040182
079614043601
305314040367
168914041749
208214040602
BBCDA0430480
134514040133
068614040877
194914041584
101014040268
086414040139
134514040152
305813040814
147814041459
108214041495
29691404170
296914040169
134814040433
134914040291
135114040605
195714040046
1234914040279
BBCDAK404443
174214040498
1949140470373
108214041428
101814040303
BBCDAO401006
296914040119
209314040401
168914041793
168914041632
155514040469
209014040450
108214041236
134814040334
094714040642
194514042069c
182314040115
194914041019
194514041307B
208214040644
147814041760
147814041511
181614040782
108614040338
108614040385
181614040752
Issue Managers :

GRAMEEN KNIT WEAR LTD
MARS STICH LTD
TEXEUROP(BD) LTD.
ABA GROUP
DEKKO GARMENTS LTD
DESIGN & SOURCE LTD
ABA GROUP
INTRAMEX GROUP
KWUN TONG APPARELS LIMITED
EXPERIENCE GROUP
EXPERIENCE GROUP
EXPERIENCE GROUP
EXPERIENCE GROUP
STYLO GROUP
TALISMAN LTD.
MESH GROUP
ABA GROUP
SKYLINE GROUP
FORTUNEX LIMITED
ABA GROUP
SILKEN SEWING
SILKEN SEWING
INTRAMEX GROUP
PRIMODIAL LIMITED
DESIGN & SOURCE LTD
ABA GROUP
MASCO GROUP(UNIT-2)
RADIANCE KNITWEAR
KS APPARELS LIMITED
JANN COMPOSITE LTD.
ECHOTEX LTD.
CORDIAL DESIGN LTD.
ABA GROUP
PRINCE GROUP
ABA GROUP
ABA GROUP
LIBAS TEXTILE LTD
E.H.FABRICS LIMITED
E.H.FABRICS LIMITED
LIBAS TEXTILE LTD
AFC CAPITAL LIMITED
48,270
287,035
415,727
619,878
447,134
613,864
333,282
280,856
314,364
839,875
678,235
793,080
157,780
1,127,712
1,332,841
135,566
114,162
543,587
270,967
1,405,851
291,152
410,745
659,728
222,846
218,582
771,338
211,201
962,792
398,162
782,128
495,081
484,882
805,971
189,454
856,303
2,677,518
200,597
143,119
829,111
116,783
511,973
2,082,277
185,938
1,667,176
751,076
1,986,876
148,349
503,017
412,668
671,372
1,089,408
453,832
809,226
150,962
531,230
1,026,773
461,229
210,128
1,689,300
658,319
162,033
2,712,247
2,223,857
1,541,116
190,333
180,434
196,522
200,842
1,685,732
43,443
258,332
374,154
557,890
402,421
552,478
299,954
252,771
282,928
755,888
610,411
713,772
142,002
1,014,941
1,199,557
122,010
102,746
489,228
243,870
1,265,266
262,037
369,670
593,756
200,562
196,724
694,204
190,081
866,513
358,346
703,915
445,573
436,394
725,374
170,509
770,672
2,409,766
180,537
128,808
746,200
105,104
460,776
1,874,049
167,345
1,500,458
675,968
1,788,189
133,514
452,716
371,401
604,235
980,467
408,449
728,304
135,866
478,107
924,096
415,106
189,115
1,520,370
592,488
145,830
2,441,022
2,001,472
1,387,005
171,300
162,391
176,869
180,757
1,517,159
4,827
28,704
41,573
61,988
44,713
61,386
33,328
28,086
31,436
83,988
67,823
79,308
15,778
112,771
133,284
13,557
11,416
54,359
27,097
140,585
29,115
41,074
65,973
22,285
21,858
77,134
21,120
96,279
39,816
78,213
49,508
48,488
80,597
18,945
85,630
267,752
20,060
14,312
82,911
11,678
51,197
208,228
18,594
166,718
75,108
198,688
14,835
50,302
41,267
67,137
108,941
45,383
80,923
15,096
53,123
102,677
46,123
21,013
168,930
65,832
16,203
271,225
222,386
154,112
19,033
18,043
19,652
20,084
168,573
Page | 122

527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543
544
545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
134814040476
134814040463
0673140401551
0673130426848
BBCDA0430480
147814041591
147814041388
147814041389
431314040173
108214041721
308514040312
100114040470
182314040144
215014040183
308513040814
431314040190
079614048088
096814040263
075114040149
181814040095
174714040488
308514040253
147814041684
147814041950
0673140401776
134814040595
0664140410039
194614040211
194914041040
086214041040
093014040626
174614040291
174614040303
174214040538
272114040911
272114040964
272114040918
086214041750
079614048966
134814040490
080214047744
BBCDAK432157
079614047177
079614048877
0664140409910
168914042919
195714040044
181814040095
134614040189
296614040168
431314040223
079614045219
079614045219
094714040464
168914043083
168914042526
066414041117
067314040522
BBCDAO430508
106614041647
135114040769
135114040623
1539 1404 0330
0796 1404 5219
0796 1404 5219
0195 1404 0361
0033 1404 0185
0947 1404 0464
0333 1404 0257
Issue Managers :

TALISMAN LTD.
EXPERIENCE GROUP
CORDIAL DESIGN LTD.
A&A GROUP
FORTUNEX LIMITED
EXPERIENCE GROUP
FOUR WINGS LIMITED
SEASONS DRESSES LTD
NORTHERN GROUP
INTRAMEX GROUP
INTRAMEX GROUP
FORTUNEX LIMITED
ABA GROUP
WINNERS CREATIONS LTD
COZIER LIMITED
ABA GROUP
GEMTEX LTD
ANIKA APPARELS

NORPKNIT INDUSTRIES
CLAMOON GARMENTS
PRIMODIAL LIMITED
INTRAMEX GROUP
TECHNO FIBER LTD.
STYLO GROUP
STYLO GROUP
JEANS MANUFACTUR CO. LTD
TALISMAN LTD.
S.B DESIGNS LIMITED
STYLO GROUP
STYLO GROUP
SHARMIN GROUP
OEKO-TEX GROUP
AFC CAPITAL LIMITED
262,870
1,591,865
244,992
118,159
318,677
213,871
156,686
255,149
178,596
1,200,264
625,405
320,701
1,303,827
189,432
144,924
268,679
95,939
210,741
204,522
141,384
182,879
648,797
520,860
987,909
294,778
776,221
136,526
201,187
335,040
149,189
1,008,553
159,050
316,768
88,730
89,068
156,683
477,172
986,894
167,983
1,317,772
482,271
87,078
217,082
217,671
130,595
99,916
1,102,564
363,458
535,567
1,296,979
172,264
136,445
1,034,402
146,151
186,439
140,332
185,909
734,087
249,238
110,507
449,641
175,791
258,426
139,727
1,059,285
623,683
1,089,387
149,667
297,605
236,583
1,432,679
220,493
106,343
286,809
192,484
141,017
229,634
160,736
1,080,238
562,865
288,631
1,173,445
170,488
130,432
241,811
86,345
189,667
184,070
127,246
164,591
583,917
468,774
889,118
265,301
698,598
122,873
181,069
301,536
134,270
907,698
143,145
285,091
79,857
80,161
141,015
429,455
888,205
151,185
1,185,995
434,044
78,370
195,374
195,904
117,536
89,924
992,308
327,112
482,010
1,167,281
155,037
122,800
930,962
131,536
167,795
126,299
167,318
660,678
224,314
99,456
404,677
158,212
-
26,287
159,187
24,499
11,816
31,868
21,387
15,669
25,515
17,860
120,026
62,541
32,070
130,383
18,943
14,492
26,868
9,594
21,074
20,452
14,138
18,288
64,880
52,086
98,791
29,478
77,622
13,653
20,119
33,504
14,919
100,855
15,905
31,677
8,873
8,907
15,668
47,717
98,689
16,798
131,777
48,227
8,708
21,708
21,767
13,060
9,992
110,256
36,346
53,557
129,698
17,226
13,644
103,440
14,615
18,644
14,033
18,591
73,409
24,924
11,051
44,964
17,579
258,426
139,727
1,059,285
623,683
1,089,387
149,667
297,605
Page | 123

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598
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600
601
602
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606
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610
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612
613
614
615
616
617
618
619
620
621
622
623
624
625
626
627
628
629
630
631
632
633
634
635
636
637
638
639
640
641
642
643
644
645
646
647
648
649
650
651
652
653
654
655
656
657
658
659
660
661
2087 1404 0585

0796 1412 7806
4240 1003 3222-LB
0195 1404 0473
0195 1404 0473
0195 1404 0472
0195 1404 0471
1689 1404 2526
1345-14-04-0175
4313 1404 0223
4313 1404 0224
0138 1404 0884
2490 1404 0746
1009 1404 0445
1345-14-04-0191
4313 1404 0239
0802 1404 8918
2490 1404 0787
1009 1404 0482
0751 1404 0462
0751 1404 0466
066414041117&0664140412155
1689 1404 3083

1877 13/04/1242
0132 1304 2349
0132 1404 0048
0138 1404 0048
0138 1404 0061
0004 1404 0028
0132 1404 0149
1343 1404 0191
0201 1404 0242
0132 1404 0289
1416 1404 0390
0201 1404 0364
0004 1404 0133
2158 1404 0119
067314040522 &
673140406533
5602 1404 0043
067314040522 &
673140406533
1082 1403 0083EDF
1082 1403 0084EDF
1348 1404 0395
1086 1404 0441
0138 1404 0678
1351-14-04-0505
0201 1404 0477
0002 1404 0451
1086 1404 0471
1955 1404 0656
0796 1404 7042
SALES CONTRACT
NO:SIL/LFL/01/2014
1945 1404 1627B
BBCDA0430508
2962 1404 0319
1823-14-04-0137
3085 1404 0411
1478 1404 1582
1351-14-04-0623
1416 1404 0788
0943 1404 0582
3085 1404 0451
1478 1404 1683
1816 1404 0780
3085 1404 0459
2082 1404 0723
Issue Managers :
VIRTUAL BOTTOMS LTD.

TALISMAN LTD.
SHARMIN GROUP
SHARMIN GROUP
SHARMIN GROUP
SHARMIN GROUP
EXPERIENCE GROUP
EXPERIENCE GROUP
DBL GROUP
EXPERIENCE GROUP
MARS STITCH LTD
DBL GROUP
JEANS MANUFACTURING CO.LTD
MITALI GROUP
MITALI GROUP
EAST WEST (BD) INC.
MITALI GROUP
MEDONA FASHION LIMITED
MITALI GROUP
GIANT GROUP.
EAST WEST (BD) INC.
103,432
414,827
319,479
150,598
126,800
593,195
387,199
143,708
530,449
175,401
174,866
787,418
364,903
979,013
507,591
249,768
521,112
1,636,431
1,628,352
213,853
180,704
190,381
190,923
316,782
217,424
629,428
265,821
176,202
217,816
172,153
123,466
567,075
167,584
355,866
467,104
165,973
435,987
103,432
414,827
319,479
150,598
126,800
593,195
387,199
143,708
530,449
175,401
174,866
787,418
364,903
979,013
507,591
249,768
521,112
1,636,431
1,628,352
213,853
180,704
190,381
190,923
316,782
217,424
629,428
265,821
176,202
217,816
172,153
123,466
567,075
167,584
355,866
467,104
165,973
435,987
747,285
747,285
1,462,335
1,462,335
273,067
273,067
E.H FABRICS LIMITED
PADMA LIMITED.
E.H FABRICS LIMITED
ELEGANT FASHION
1,578,631
1,650,121
112,772
176,399
366,138
218,706
227,803
97,097
623,632
131,559
2,534,248
1,578,631
1,650,121
112,772
176,399
366,138
218,706
227,803
97,097
623,632
131,559
2,534,248
LENNY FASHIONS LTD
1,065,955
1,065,955
285,087
253,719
372,313
365,411
361,011
156,275
180,019
651,130
121,137
446,327
158,438
166,254
431,902
249,486
285,087
253,719
372,313
365,411
361,011
156,275
180,019
651,130
121,137
446,327
158,438
166,254
431,902
249,486
FCI (BD) LTD

PRINCE GROUP
TALISMAN LTD.
FORTUNEX LIMITED
CORDIAL DESIGN LTD
FORTUNEX LIMITED
GIANT GROUP.
SEASONS DRESSES LTD
LIBAS TEXTILE LTD
AFC CAPITAL LIMITED
Page | 124

662
663
664
665
666
667
668
669
670
671
672
673
674
675
676
677
678
679
680
681
682
683
684
685
686
687
688
689
690
691
692
693
694
695
696
697
698
699
700
701
702
703
704
705
706
707
708
709
710
711
712
713
714
715
716
717
718
719
720
721
722
723
724
725
726
727
728
729
730
1082 1404 1605

1347-14-04-0460
1348 1404 0552
0001/14/04/1107
0004 1404 0274
BBCDAO401202
1066 1404 1647
2163 1404 0169
1086 1404 0589
0943 1404 0651
1747 1404 0633
1616 1404 0068
1689 1404 2754
1478 1404 1879
2082 1404 0829
0200 1404 0440
1351-14-04-0769
1348 1404 0660
1082 1404 1938
1347-14-04-0541
0105 1404 0342
067314040962&0673140412179
1001 1404 0757

1539 1404 0945
0796 1404 0341
0796 1404 0353
0796 1404 0328
1742 1404 0658
1949 1404 0802
2159 1404 0095
0742 1404 0190
BBCDAK403155
3202-14-04-0047
1211 1404 0568
0664 1404 0914 & 0664 1404 10039
0890 1404 0484

0890 1404 0488
1819 1404 0356
3045-14-04-0396
1689 1404 2875
1478 1404 2004
0138 1404 0954
4313 1404 0264
1539 1404 0906
1539 1404 0906
BBCDA0401415
1949 1404 1982
1953 1404 0551
1345-14-04-0216
1746 1404 0417
1478 1404 2141
1949 1404 2113
1957 1404 0154
0093 1404 0761
2354 1404 0094
0691140406833 & 0691140406838
2354 1404 0151

1559 1404 0407
0195 1404 0471
0796 1404 8089
1354-14-04-0324
1945 1404 1973
1003 1404 1388
BBCDAK432693
2149 1404 0254
0943 1404 0745
0796 1404 0322
1544 1404 0345
1013 1404 0673
Issue Managers :
TAQWA FABRICS LTD
MUAZUDDIN LTD.
ORION KNIT TEXTILE
TALISMAN LTD.
E.H FABRICS LIMITED
SEASONS DRESSES LTD
S.B DESIGNS LIMITED
TAQWA FABRICS LTD
DEBONAIR GROUP
MAJUMDER GROUP
MAJUMDER GROUP
MAJUMDER GROUP
AMTRANET GROUP
ABA GROUP
ABA GROUP
SADMA GROUP
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
WINDY GROUP
PADMA LIMITED.
EXPERIENCE GROUP
LENNY FASHIONS LTD
ABA GROUP
COMFIT COMPOSITE KNIT LTD
ABA GROUP
ABA GROUP
MEEK KNIT LIMITED
DOREEN ATTIRE LTD
NORTHERN GROUP
PADMA LIMITED.
SHARMIN GROUP
FOUR WINGS LIMITED.
KNIT LUSTRE
LYNDA FASHION LTD
CONSUMER KNITEX LIMITED.
MAJUMDER GROUP
BIRDS GROUP
AFC CAPITAL LIMITED
259,958
446,454
658,120
460,821
340,850
256,661
114,801
137,508
79,189
393,130
246,490
189,254
160,674
537,172
800,388
538,387
460,455
307,884
1,287,598
769,174
154,317
409,697
102,920
189,205
207,663
522,966
584,573
769,182
837,516
255,157
125,819
691,553
366,501
245,331
161,393
422,957
223,700
178,214
163,194
448,221
432,921
209,190
234,679
96,910
208,817
1,477,272
1,605,446
440,314
1,001,399
335,852
643,020
83,073
859,322
555,692
444,715
159,276
222,958
879,532
161,968
305,165
169,135
83,619
105,739
353,028
257,440
2,012,798
142,134
739,460
252,670
259,958
446,454
658,120
460,821
340,850
256,661
114,801
137,508
79,189
393,130
246,490
189,254
160,674
537,172
800,388
538,387
460,455
307,884
1,287,598
769,174
154,317
409,697
102,920
189,205
207,663
522,966
584,573
769,182
837,516
255,157
125,819
691,553
366,501
245,331
161,393
422,957
223,700
178,214
163,194
448,221
432,921
209,190
234,679
96,910
208,817
1,477,272
1,605,446
440,314
1,001,399
335,852
643,020
83,073
859,322
555,692
444,715
159,276
222,958
879,532
161,968
305,165
169,135
83,619
105,739
353,028
257,440
2,012,798
142,134
739,460
252,670
Page | 125

731
732
733
734
735
736
737
738
739
740
741
742
743
744
745
746
747
748
749
750
751
752
753
754
755
756
757
758
759
760
761
762
763
764
765
766
767
768
769
770
771
772
773
774
775
776
777
778
779
780
781
782
783
784
785
786
787
788
789
790
791
792
793
794
795
796
797
798
799
0802 1404 0548

0132 1304 2350
0093 1404 0270
0093 1404 0270
0673 1404 0185 & 0673 1404 02172
2960 1404 0323

0742 1404 0081
0093 1404 0761
2960 1404 0440
0093 1404 0971
068614040422 & 0686140404136
1945 1404 0772B

1478 1404 0758
0105 1404 0171
1341 1404 0083
0667140405303
3085 1404 0253
0742 1404 0178
1351 1404 0396
1549 1404 0113
BBCDAK402615
BBCDAK402699
1949 1404 1040
1416 1404 0599
1351 1404 0431
1478 1404 1178
BBCDAK403155
0862 1404 1750
1013 1404 0350
1335-14-04-1287
1007 1404 0558
2966 1404 0130
BBCDAK431717
1689 1404 2025
3085 1404 0357
0796 1404 7042
0968 1404 0356
0796 1404 7042
0105 1404 0263
1689 1404 2268
3037 1404 0252
2969 1404 0252
0796 1404 7702
0742 1404 0316
2150 1404 0252
0796 1412 7796
0796 1412 7803
1949 1404 1584
0195 1404 0472
1955 1404 0776
0930 1404 0770
1689 1404 2484
2082 1404 0714
2150 1404 0265
3085 1404 0464
1949 1404 1618
1013 1404 0489
0943 1404 0611
1957 1404 0115
0105 1404 0301
1086 1404 0590
1955 1404 0828
1955 1404 0828
1877 1404 0616
2158 1404 0220
0263 1404 0443
2158 1404 0227
2158 1404 0227
1945 1404 1968
Issue Managers :
MARS STITCH LTD

MITALI GROUP
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
ABA GROUP
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
UNITED TROUSERS LIMITED
DEBONAIR GROUP
COZIER LIMITED
COZIER LIMITED
FORTUNEX LIMITED
ABA GROUP
REZA GROUP
MISAMI GROUP
ABA GROUP
GIANT GROUP.
GIANT GROUP.
PADMA LIMITED.
PADMA LIMITED.
FORTUNEX LIMITED
ELEGANT FASHION
SAASCO GROUP
ELEGANT FASHION
DEBONAIR GROUP
PADMA LIMITED.
KS APPARELS LIMITED
FOUR WINGS LIMITED.
GIANT GROUP.
A & A GR0UP
ABA GROUP
SHARMIN GROUP
ABA GROUP
M M CORPORATION
A & A GR0UP
FORTUNEX LIMITED
TOPAZ DRESSES LTD
MEDONA FASHION LIMITED
SEASONS DRESSES LTD
PRIMORDIAL LIMITED
DEBONAIR GROUP
E.H FABRICS LIMITED
FAKIR FASHION LID.
BEAUTIFUL JACKETS LTD.
PRINCE GROUP
AFC CAPITAL LIMITED
687,612
435,124
430,902
364,280
753,880
257,867
848,559
936,585
843,340
329,465
2,111,818
163,177
389,177
119,550
490,844
193,436
181,398
368,190
157,920
314,313
116,158
115,046
1,529,934
603,097
506,995
1,183,544
212,127
289,533
2,411,085
639,480
236,821
355,678
346,934
381,732
304,200
1,297,574
709,963
2,185,266
252,150
158,217
1,887,338
609,718
827,334
911,889
407,236
391,638
476,665
759,241
208,002
295,853
103,093
269,266
385,877
437,439
173,307
388,988
263,610
420,588
399,944
108,650
509,749
359,489
393,293
711,585
544,328
170,081
206,571
464,972
1,290,686
687,612
435,124
430,902
364,280
753,880
257,867
848,559
936,585
843,340
329,465
2,111,818
163,177
389,177
119,550
490,844
193,436
181,398
368,190
157,920
314,313
116,158
115,046
1,529,934
603,097
506,995
1,183,544
212,127
289,533
2,411,085
639,480
236,821
355,678
346,934
381,732
304,200
1,297,574
709,963
2,185,266
252,150
158,217
1,887,338
609,718
827,334
911,889
407,236
391,638
476,665
759,241
208,002
295,853
103,093
269,266
385,877
437,439
173,307
388,988
263,610
420,588
399,944
108,650
509,749
359,489
393,293
711,585
544,328
170,081
206,571
464,972
1,290,686
Page | 126

800
801
802
803
804
805
806
807
808
809
810
811
812
813
814
815
816
817
818
819
820
821
822
823
824
825
826
827
828
829
830
831
832
833
834
835
836
837
838
839
840
841
842
843
844
845
846
847
848
849
850
851
852
853
854
855
856
857
858
859
860
861
862
863
864
865
866
867
868
1949 1404 1742

0673 1404 0855&0673 1404 10911
1346-14-04-0324
2490 1404 0761
1949 1404 1773
1086 1404 0628
1086 1404 0628
2354 1404 0185
0862 1404 2563
1348 1404 0624
0001/14/04/1183
1955 1404 0900
0105 1404 0320
1010 1404 0317
0201 1404 0630
1086 1404 0642
1478 1404 1940
5602 1404 0077
2082 1404 0853
1689 1404 2879
1689 1404 2874
0802 1404 9396
1082 1404 1938
1348 1404 0667
1746 1404 0400
1746 1404 0400
0195 1404 0564
1689 1404 2969
0105 1404 0343
1957 1404 0134
1007 1404 0758
1945 1404 2188
3085 1404 0564
3085 1404 0566
1082 1404 2015
0864 1404 0849
0864 1404 0860
0864 1404 0860
1351-14-04-0801
067314040976&0673140412404
1348 1404 0692

067314040976&0673140412404
1351-14-04-0808
1945 1404 2250
1416 1404 1054
0093 1404 3007
0093 1404 3002
0093 1404 3003
1689 1404 3149
1478 1404 2149
1689 1404 3196
1823-14-04-0179
067314040995&0673140412753
0818 1404 0166

1478 1404 2174
2082 1404 0949
1478 1404 2161
1351-14-04-0832
1082 1404 2127
0802 1404 0371
1478 1404 2187
1351-14-04-0842
1086 1404 0731
1086 1404 0734
0101 1404 0206
1949 1404 2137
4313 1404 0276
3054 1404 0246
1949 1404 2156
Issue Managers :
ABA GROUP
KNIT ASIA LIMITED
TECHNO FIBER LTD.
TOPAZ DRESSES LTD
E.H FABRICS LIMITED
E.H FABRICS LIMITED
MAGPIE COMPOSITE TEXTILES LTD
DEBONAIR GROUP
SHASHA GARMENTS LIMITED.
E.H FABRICS LIMITED
FCI (BD) LTD
SHARMIN GROUP
DEBONAIR GROUP
PRIMORDIAL LIMITED
SKYLINE GROUP
SKYLINE GROUP
SKYLINE GROUP
AST KNITWEAR LTD
GIANT GROUP.
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
DOREEN ATTIRE LTD
CORDIAL DESIGN LTD
KNIT ASIA LIMITED
MONDOL GROUP
AST KNITWEAR LTD
MARS STITCH LTD
ABA GROUP
S.B DESIGNS LIMITED
E.H FABRICS LIMITED
E.H FABRICS LIMITED
KAW GARMENTS IND LTD.
TOPAZ DRESSES LTD
EXPERIENCE GROUP
INTEGRA APPARELS(BD)LTD.
TOPAZ DRESSES LTD
AFC CAPITAL LIMITED
140,834
148,733
510,538
734,504
482,465
609,825
592,745
87,680
278,547
189,463
131,059
1,022,180
190,741
154,121
494,393
276,855
419,667
428,787
817,650
162,515
175,360
2,498,861
415,277
652,992
351,390
329,170
184,897
413,792
94,007
1,288,283
301,889
205,679
454,195
435,159
565,337
334,714
420,047
134,058
578,308
336,173
738,647
329,923
447,162
458,475
592,225
337,976
476,688
125,229
264,269
253,090
95,460
422,667
173,284
183,871
296,251
381,547
279,421
992,781
285,410
100,678
523,704
627,971
257,041
154,309
145,153
173,307
753,661
330,339
151,902
140,834
148,733
510,538
734,504
482,465
609,825
592,745
87,680
278,547
189,463
131,059
1,022,180
190,741
154,121
494,393
276,855
419,667
428,787
817,650
162,515
175,360
2,498,861
415,277
652,992
351,390
329,170
184,897
413,792
94,007
1,288,283
301,889
205,679
454,195
435,159
565,337
334,714
420,047
134,058
578,308
336,173
738,647
329,923
447,162
458,475
592,225
337,976
476,688
125,229
264,269
253,090
95,460
422,667
173,284
183,871
296,251
381,547
279,421
992,781
285,410
100,678
523,704
627,971
257,041
154,309
145,153
173,307
753,661
330,339
151,902
Page | 127

869
870
871
872
873
874
875
876
877
878
879
880
881
882
883
884
885
886
887
888
889
890
891
892
893
894
895
896
897
898
899
900
901
902
903
904
905
906
907
908
909
910
911
912
913
914
915
916
917
918
919
920
921
922
923
924
925
926
927
928
929
930
931
932
933
934
935
936
937
1080 1404 0254

1080 1404 0255
1689 1404 3300
1009 1404 0569
0862 1404 3049
067314041048&0673140413356
1689 1404 3336

2082 1404 0986
4313 1404 0278
1689 1404 3360
0930 1404 1060
1955 1404 1050
1013 1404 0700
1082 1404 2259
1086 1404 0771
1086 1404 0775
1086 1404 0776
0751 1404 0590
0802 1404 1020
2082 1404 1008
1354-14-04-0399
0330 1404 0666
1478 1404 2362
1478 1404 2376
BBCDAK405982
1066 1404 2070
0033 1404 0350
0742 1404 0081
1949 1404 0802
2082 1404 0658
4240 1003 3179-LB
0199 1404 0047
1955 1404 0776
1013 1404 0503
1086 1404 0587
0947 1404 0642
3085 1404 0541
1746 1404 0400
0947 1404 0767
0195 1404 0592
0742 1404 0502
2158 1404 0250
1478 1404 2130
0215 1404 0603
4240 1003 4757-LB
4240 1003 4980-LB
4313 1404 0279
4313 1404 0282
1208 1404 0795
1689 1404 3388
1689 1404 3440
1544 1404 0393
0105 1404 0362
1335-14-04-2170
066414041255&0664140413949
5602 1404 0086

2158 1404 0267
1689 1404 3511
1086 1404 0798
2159 1404 0297
2093 1404 0598
1759 1404 0246
1348 1404 0660
0333 1404 0427
1761 1404 0151
1010 1404 0268
0105 1404 0374
1689 1404 3558
2082 1404 1042
Issue Managers :

TEXEUROP(BD)LTD.
URMI GARMENTS LTD
EXPERIENCE GROUP
CONCORDE GARMENTS GROUP
E.H FABRICS LIMITED
E.H FABRICS LIMITED
E.H FABRICS LIMITED
MARS STITCH LTD
KNIT LUSTRE
MONDOL GROUP
EPCOT APPARELS LTD
ABA GROUP
AMTRANET GROUP
FCI (BD) LTD
PADMA LIMITED.
FORTUNEX LIMITED
FORTUNEX LIMITED
SHARMIN GROUP
ABA GROUP
GIANT GROUP.
FORTUNEX LIMITED
EXPERIENCE GROUP
EXPERIENCE GROUP
DAC PACIFIC (BD)LTD
BIRDS GROUP
DEBONAIR GROUP
FCI (BD) LTD
E.H FABRICS LIMITED
ABA GROUP
JEANS CARE LIMITED
OEKO-TEX GROUP
A & A GR0UP
SHASHA GARMENTS LIMITED.
DEBONAIR GROUP
AFC CAPITAL LIMITED
1,106,045
511,451
490,532
1,495,297
459,982
506,360
378,963
245,391
363,223
1,391,047
127,186
226,122
1,014,373
599,844
167,617
126,682
192,781
294,505
559,922
422,640
560,341
288,978
271,170
99,752
119,522
230,775
1,302,176
3,209,698
119,810
640,403
725,026
506,495
388,005
1,331,481
447,144
170,023
332,854
334,232
504,256
234,012
278,208
117,345
1,200,240
372,283
353,770
350,759
199,549
200,061
79,189
1,012,498
207,421
2,391,953
474,626
539,899
106,352
738,359
803,965
520,399
89,595
2,156,947
1,196,868
471,654
837,891
219,462
368,295
644,230
808,272
1,260,227
318,888
1,106,045
511,451
490,532
1,495,297
459,982
506,360
378,963
245,391
363,223
1,391,047
127,186
226,122
1,014,373
599,844
167,617
126,682
192,781
294,505
559,922
422,640
560,341
288,978
271,170
99,752
119,522
230,775
1,302,176
3,209,698
119,810
640,403
725,026
506,495
388,005
1,331,481
447,144
170,023
332,854
334,232
504,256
234,012
278,208
117,345
1,200,240
372,283
353,770
350,759
199,549
200,061
79,189
1,012,498
207,421
2,391,953
474,626
539,899
106,352
738,359
803,965
520,399
89,595
2,156,947
1,196,868
471,654
837,891
219,462
368,295
644,230
808,272
1,260,227
318,888
Page | 128

938
939
940
941
942
943
944
945
946
947
948
949
950
951
952
953
954
955
956
957
958
959
960
961
962
963
964
965
966
967
968
969
970
971
972
973
974
975
976
977
978
979
980
981
982
983
984
985
986
987
988
989
990
991
992
993
994
995
996
997
998
999
1000
1001
1002
1003
1004
1005
1006
0796 1404 1475

1819 1404 0455
1349-14-04-0432
1689 1404 3561
1953 1404 0646
0947 1404 0921
0093 1404 0761
0215 1404 0681
BBCDAK406246
0751 1404 0619
067314040962&0673140412179
1945 1404 2250

BBCDAK403155
0195 1404 0712
0195 1404 0472
1689 1404 3678
1478 1404 2516
0033 1404 0355
066414041321&0664140414549
1945 1404 2571C

1082 1404 2433
1949 1404 2331
1689 1404 3661
4240 1003 5596-LB
1009 1404 0569
067314041146&0673140414518
1746 1404 0482

BBCDAO401667
1351-14-04-0940
1351-14-04-0942
1742 1404 0742
1742 1404 0741
BBCDAO401682
067314041153&0673140414657
1001 1404 0917

2082 1404 1081
0864 1404 1024
0751 1404 0462
1086 1404 0847
1086 1404 0845
1478 1404 2638
3085 1404 0179
0890 1404 0676
0890 1404 0673
0093 1404 0761
1949 1404 2402
1351-14-04-0973
1953 1404 0678
1351-14-04-0991
2357 1404 0676
0947 1404 0967
BAXTER BRENTON (BD) CLOTHING MANUFACTURING CO.LTD.
067314040976&0673140412404
1823-14-04-0216
0093 1404 3007
BBCDAO401726
1478 1404 2586
0001/14/04/1589
1019 1404 0528
4313 1404 0313
0864 1404 1024
1945 1404 2696
1082 1404 2572
2093 1404 0652
1558 1404 0389
1348 1404 0819
0333 1404 0476
1086 1404 0855
1086 1404 0859
0215 1404 0681
Issue Managers :
STYLO GROUP
INTRAMEX GROUP
DOREEN ATTIRE LTD
DBL GROUP
SHARMIN GROUP
SHARMIN GROUP
ABA GROUP
TOPAZ DRESSES LTD
KNIT ASIA LIMITED
LENNY FASHIONS LTD
TALISMAN LTD.
KNIT ASIA LIMITED
PENTAGON KNIT COM LTD.
SKYLINE GROUP
E.H FABRICS LIMITED
E.H FABRICS LIMITED
FORTUNEX LIMITED
LIBAS TEXTILE LTD
LIBAS TEXTILE LTD
DOREEN ATTIRE LTD
ABA GROUP
CORDIAL DESIGN LTD
DOREEN ATTIRE LTD
TALISMAN LTD.
ABA GROUP
JEANS PLUS LTD
EXPERIENCE GROUP
SKYLINE GROUP
PRATIK APPARELS LTD.
OEKO-TEX GROUP
E.H FABRICS LIMITED
E.H FABRICS LIMITED
AFC CAPITAL LIMITED
683,494
188,520
142,596
363,395
547,862
179,196
1,202,779
191,866
220,300
346,547
583,076
1,251,519
284,084
174,703
1,061,682
247,828
2,086,575
1,135,127
504,848
1,786,917
202,946
381,765
346,985
469,000
560,539
552,708
514,978
1,284,437
252,798
145,264
1,153,709
769,130
501,142
169,453
139,734
385,539
322,121
637,497
203,629
116,799
413,236
1,194,340
232,109
134,051
597,256
421,634
163,504
166,641
798,237
187,791
190,269
1,034,945
1,107,812
158,001
289,821
492,038
330,053
78,044
109,792
136,943
178,575
1,128,378
1,538,294
438,358
296,879
431,902
638,814
125,686
286,826
683,494
188,520
142,596
363,395
547,862
179,196
1,202,779
191,866
220,300
346,547
583,076
1,251,519
284,084
174,703
1,061,682
247,828
2,086,575
1,135,127
504,848
1,786,917
202,946
381,765
346,985
469,000
560,539
552,708
514,978
1,284,437
252,798
145,264
1,153,709
769,130
501,142
169,453
139,734
385,539
322,121
637,497
203,629
116,799
413,236
1,194,340
232,109
134,051
597,256
421,634
163,504
166,641
798,237
187,791
190,269
1,034,945
1,107,812
158,001
289,821
492,038
330,053
78,044
109,792
136,943
178,575
1,128,378
1,538,294
438,358
296,879
431,902
638,814
125,686
286,826
Page | 129

1007
1008
1009
1010
1011
1012
1013
1014
1015
1016
1017
1018
1019
1020
1021
1022
1023
1024
1025
1026
1027
1028
1029
1030
1031
1032
1033
1034
1035
1036
1037
1038
1039
1040
1041
1042
1043
1044
1045
1046
1047
1048
1049
1050
1051
1052
1053
1054
1055
1056
1057
1058
1059
1060
1061
1062
1063
1064
1065
1066
1067
1068
1069
Total
1949 1404 2455

1478 1404 2734
0943 1404 0921
1348 1404 0800
1351-14-04-1032
1082 1404 2625
1478 1404 2739
1347-14-04-0743
1347-14-04-0732
0862 1404 3528
1759 1403 0054
0890 1404 0686
BBCDAK407082
1689 1404 3970
1416 1404 1364
1349-14-04-0455
0802-1404-2599
0033 1404 0355
1742 1404 0837
4240 1003 6336-L
0947 1404 0519
4240 1003 6274-LB
1416 1404 1382
1416 1404 1383
1742 1404 0846
1742 1404 0847
0864 1404 1102
1007 1404 1070
0201 1404 0844
0862 1404 3604
0862 1404 3599
1082 1404 2729
0864 1404 1110
3085 1404 0755
3085 1404 0541
4313 1404 0320
1478 1404 2786
1949 1404 2533
1945 1404 2250
2159 1404 0389
0864 1404 1109
0864 1404 1111
0890 1404 0699
2966 1404 0304
0796 1404 8088
1945 1404 1973
1086 1404 0951
BBCDAK407591
3054 1404 0291
0796 1404 3181
1689 1404 4106
2357 1404 0728
0333 1404 0496
1945 1404 2940C
0105 1404 0402
1886 1404 0032
ABA GROUP
S.B DESIGNS LIMITED
ABA GROUP
TAQWA FABRICS LTD
TAQWA FABRICS LTD
COMPTEX BANGLADESH LTD
LIBAS TEXTILE LTD
GIANT GROUP.
KWUN TONG APPARELS LIMITED
FCI (BD) LTD
GIANT GROUP.
GIANT GROUP.
URMI GARMENTS LTD
URMI GARMENTS LTD
SKYLINE GROUP
FORTUNEX LIMITED
FORTUNEX LIMITED
EXPERIENCE GROUP
ABA GROUP
ABA GROUP
SKYLINE GROUP
SKYLINE GROUP
LIBAS TEXTILE LTD
FOUR WINGS LIMITED.
E.H FABRICS LIMITED
DBL GROUP
INTEGRA APPARELS(BD)LTD.
STYLO GROUP
FAKIR FASHION LID.
BAXTER BRENTON (BD) CLOTHING MANUFACTURING CO. LTD.
0673 1404 1256&0673140416166
1822 1404 0442

BBCDAK407837
0132 1404 1316
1082 1404 2806
3085 1404 0179
1949 1404 2580
Issue Managers :
OEKO-TEX GROUP
DEBONAIR GROUP
DBL GROUP
MITALI GROUP
FORTUNEX LIMITED
ABA GROUP
AFC CAPITAL LIMITED
79,297
1,239,389
4,756,324
572,228
153,852
999,277
736,113
605,853
300,917
389,396
619,406
380,931
387,941
223,584
459,096
141,892
185,590
969,645
241,370
445,958
424,724
300,151
407,636
369,180
3,591,741
1,378,564
333,886
697,726
525,458
828,931
108,023
704,698
166,362
1,375,480
75,401
263,556
6,323,999
580,350
740,666
585,743
343,706
366,083
279,315
226,530
124,851
97,048
111,677
732,537
620,688
554,015
505,857
181,433
534,999
1,640,896
834,715
1,730,952
390,415
461,474
226,630
186,482
4,005,678
287,753
292,475
598,748,553
308,735,031
79,297
1,239,389
4,756,324
572,228
153,852
999,277
736,113
605,853
300,917
389,396
619,406
380,931
387,941
223,584
459,096
141,892
185,590
969,645
241,370
445,958
424,724
300,151
407,636
369,180
3,591,741
1,378,564
333,886
697,726
525,458
828,931
108,023
704,698
166,362
1,375,480
75,401
263,556
6,323,999
580,350
740,666
585,743
343,706
366,083
279,315
226,530
124,851
97,048
111,677
732,537
620,688
554,015
505,857
181,433
534,999
1,640,896
834,715
1,730,952
390,415
461,474
226,630
186,482
4,005,678
287,753
292,475
290,013,522
Page | 130

3.
Details of tax base for calculation of deferred tax for the year ended on 30.06.2014;
Response to the above: Details of tax base for calculation of deferred tax for the year ended on 30.06.2014 is as under:
2013-14
Tax Base
Amount in Taka
Cost Value
Particulars
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int. Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
Page | 131
Depreciation
Opening
Balance As
on 01.07.13
Addition
during the
year
Revaluation
Surplus
Closing
Balance As
on
30.06.2014
97,323,301
203,980,495
385,192,866
67,058
3,130,500
48,860,184
26,995,840
2,670,600
768,220,844
9,948,500
14,775,358
8,757,499
2,010,580
1,371,594
1,077,810
511,200
38,452,541
103,668,899
103,668,899
210,940,700
218,755,853
393,950,365
67,058
5,141,080
50,231,778
28,073,650
3,181,800
910,342,284
43,043,668
7,119,176
9,671,101
115,000
84,500
3,506,500
103,217
529,000
64,172,162
7,211,401
2,165,721
38,508
319,000
10,800
68,500
9,813,930
832,393,006
48,266,471
103,668,899
Opening
Balance As
on 01.07.13
Charged
during the
year
0%
20%
20%
20%
20%
20%
30%
10%
84,524,580
154,646,744
37,875
1,166,186
17,199,023
13,316,483
379,164
271,270,055
26,846,255
47,860,724
5,837
794,979
6,606,551
4,427,150
280,264
86,821,759
111,370,835
202,507,468
43,711
1,961,165
23,805,574
17,743,633
659,428
358,091,814
210,940,700
107,385,018
191,442,897
23,347
3,179,915
26,426,204
10,330,017
2,522,372
552,250,470
50,255,069
9,284,897
9,709,609
115,000
84,500
3,825,500
114,017
597,500
73,986,092
20%
15%
10%
30%
30%
20%
20%
30%
16,191,133
2,149,134
2,283,653
79,500
55,517
1,264,023
41,115
246,585
22,310,660
6,812,787
1,070,364
742,596
10,650
8,695
512,295
14,580
105,275
9,277,243
23,003,922
3,219,498
3,026,249
90,150
64,212
1,776,319
55,696
351,860
31,587,903
27,251,147
6,065,399
6,683,360
24,850
20,288
2,049,181
58,321
245,641
42,398,189
984,328,376
293,580,715
96,099,001
389,679,717
594,648,659
Rate

Carrying Value
Tax Base
Effective Tax Rate
Issue Managers :
AFC CAPITAL LIMITED
W. D. V As
on
30.06.2014
Closing
Balance As
on
30.06.2014
Taka
757,606,729
594,648,659
162,958,071
15%
24,443,711
12,600,307
11,843,404
2013-14
Carrying Amount
Amount in Taka
Cost Value
Particulars
Factory:
Land & Development
Plant and Machinery
Trolly
Spare Parts & Tools
Sub Total
Office
Office Equipment
Shade Book
Int. Panton Book
Air Condition
Crockeries
Software
Sub Total
GRAND TOTAL
4.
Depreciation
Opening
Balance As
on 01.07.13
Addition
during the
year
Revaluation
Surplus
Closing
Balance As
on
30.06.2014
97,323,301
203,980,495
385,192,866
67,058
3,130,500
48,860,184
26,995,840
2,670,600
768,220,844
9,948,500
14,775,358
8,757,499
2,010,580
1,371,594
1,077,810
511,200
38,452,541
103,668,899
103,668,899
210,940,700
218,755,853
393,950,365
67,058
5,141,080
50,231,778
28,073,650
3,181,800
910,342,284
43,043,668
7,119,176
9,671,101
115,000
84,500
3,506,500
103,217
529,000
64,172,162
7,211,401
2,165,721
38,508
319,000
10,800
68,500
9,813,930
832,393,006
48,266,471
103,668,899
W. D. V As
on
30.06.2014
Opening
Balance As
on 01.07.13
Charged
during the
year
Closing
Balance As on
30.06.2014
0%
10%
10%
10%
10%
10%
10%
10%
51,386,852
90,833,147
30,123
747,541
6,904,415
3,710,194
251,862
153,864,134
16,121,260
30,009,885
3,694
338,825
4,264,157
2,400,419
271,694
53,409,932
67,508,112
120,843,032
33,817
1,086,366
11,168,572
6,110,613
523,556
207,274,066
210,940,700
151,247,741
273,107,334
33,242
4,054,715
39,063,206
21,963,037
2,658,244
703,068,218
50,255,069
9,284,897
9,709,609
115,000
84,500
3,825,500
114,017
597,500
73,986,092
10%
10%
10%
15%
15%
10%
10%
20%
9,328,801
1,411,749
2,018,759
62,655
41,765
674,525
24,402
150,860
13,713,516
3,893,610
679,029
767,481
7,852
6,410
288,514
8,692
82,478
5,734,065
13,222,411
2,090,778
2,786,240
70,507
48,175
963,039
33,094
233,338
19,447,581
37,032,658
7,194,119
6,923,370
44,493
36,325
2,862,461
80,924
364,162
54,538,511
984,328,376
167,577,650
59,143,997
226,721,647
757,606,729
Rate
Page | 132
Details of Gain/(Loss) on Marketable Securities (Unrealised) for the year ended on 30.06.2014.
Response to the above: Details of Gain/(Loss) on Marketable Securities (Unrealised) for the year ended on 30.06.2014
under note no. 29 is given below:
Cost Price (A)
Quantity
Price
Total
3,602,018
15.05 54,192,361
Lanka Bangla Finance Ltd.
1,050
74.68
78,412
Total
54,270,773
Gain/(Loss) on Marketable Securities (Unrealised) (B-A)
Name of Share
Market Price (B)

Quantity
Price
Total
3,602,018
16.80 60,513,902
1,050
43.30
45,465
60,559,367
6,288,594

Issue Managers :
AFC CAPITAL LIMITED

Auditors report Under Section-135 (1) and Para-24(1) of Part-II of Schedule-III of the Companies Act 1994
We have examined the Financial Statements of Simtex Industries Limited for the years ended June 30, 2014, 2013, 2012, 2011 and
2010. Financial statements for the year ended June 30, 2014, 2013 and 2012 were audited by us. Financial statements for the year
ended June 30, 2011 was audited by Mandal & Company and 2010 audited by Pinaki & Company. In pursuance of Section-135 (1)
and Para-24 (1) of Part-II of Schedule-III of the Companies Act 1994, our report is as under:
Page | 133
A) Statements of Assets and Liabilities of the company is as under:

Particulars
APPLICATION OF FUND
NON-CURRENT ASSETS
Property, Plant & Equipment
Pre-Operating Expenses
Machinery in Transit
Preliminary Expenses
CURRENT ASSETS
Accounts Receivable
Investment in Share
Inventory
Cash & Cash Equivalent
CURRENT LIABILITIES
Accounts Payable
Short term Loan from Bank (Secured)
Current portion of Long Term Loan
Liabilities For Expenses
Liabilities For other Finance
Liability for Income Tax
WORKING CAPITAL
TOTAL ASSETS
SOURCES OF FUND
SHAREHOLDERS EQUITY
Share Capital
Share Money Deposit
Revaluation Reserve
Gain/(Loss) on Marketable Securities (Unrealized)
Retained Earnings
NON-CURRENT LIABILITIES
Long term Loan (Secured)
Deferred Tax Liability
TOTAL EQUITY & LIABILITIES
NET ASSETS VALUE (NAVs)

FULLY DILUTED NET ASSETS VALUE (NAVs)
Amount In Taka
30.06.2012 30.06.2011
30.06.2014
30.06.2013
762,317,115
757,606,729
4,710,386
619,327,113
290,013,522
60,559,367
53,596,711
204,195,593
10,961,920
316,729,209
2,296,000
207,433,697
63,503,325
20,815,771
22,680,416
302,597,904
1,064,915,019
770,041,924
768,484,255
1,557,669
466,801,113
244,208,394
43,444,354
174,531,340
4,617,025
309,436,391
2,911,994
177,831,243
102,351,114
12,931,297
13,410,743
157,364,721
927,406,645
720,190,959
701,261,128
18,929,831
318,150,330
125,816,618
25,373,677
155,245,072
11,714,963
262,451,574
742,260
151,423,454
98,596,604
2,941,278
8,747,978
55,698,756
775,889,715
465,901,340
465,833,115
68,225
518,040,237
384,569,722
16,138,337
109,538,301
7,793,877
350,228,150
840,636
342,010,376
3,125,190
4,251,948
167,812,087
633,713,427
224,985,701
224,917,476
68,225
295,338,688
202,162,021
55,774,364
34,379,906
3,022,397
151,958,483
1,330,883
146,674,425
3,953,175
143,380,205
368,365,906
563,358,556
287,500,000
103,668,899
6,288,594
165,901,062
501,556,464
477,112,753
24,443,711
1,064,915,019
461,230,591
250,000,000
103,668,899
107,561,692
466,176,055
453,575,748
12,600,307
927,406,645
374,871,996
100,000,000
33,806,000
62,543,740
178,522,256
401,017,719
393,691,134
7,326,585
775,889,715
269,610,776
99,950,000
62,543,740
107,117,036
364,102,651
364,102,651
633,713,427
140,470,081
50,000,000
62,543,740
27,926,341
227,895,825
227,895,825
368,365,906
18.45
16.04
34.11
11.86
19.60
19.60
26.97
9.38
30.06.2010
28.09
4.89
Due to share split on March 23, 2011 of face value per share from Tk. 100.00 to Tk. 10.00. Restated NAV (per share of Tk. 10) for
the year ended 31 December, 2010 stood at Tk. 28.09.
Issue Managers :
AFC CAPITAL LIMITED

B) The statements of operating results of the company is as follow:
Amount In Taka
30.06.2012
30.06.2014
30.06.2013
1,359,191,916
1,051,808,398
307,383,518
30,821,504
27,890,803
2,930,701
276,562,014
145,299,477
1,873,049
133,135,586
6,339,790
126,795,796
30,956,426
19,113,022
11,843,404
95,839,370
1,131,544,681
875,120,636
256,424,045
27,785,867
25,345,838
2,440,029
228,638,178
129,000,886
99,637,292
4,744,633
94,892,659
14,762,987
9,489,266
5,273,721
80,129,672
EARNINGS PER SHARE (EPS)
3.33
FULLY DILUTEDEARNINGS PER

SHARE (EPS)
3.33
Turnover
Less: Cost of Goods Sold
GROSS PROFIT
OPERATING EXPENSES
Administrative Expenses
Selling & Distribution Expenses
PROFIT FROM OPERATION
Financial Expenses
Other income
NET PROFIT BEFORE TAX & WPPF
Workers Profit Participation Fund
NET PROFIT BEFORE TAX
PROVISION FOR TAX
Current Tax (10%)
Deferred Tax
NET PROFIT AFTER TAX
30.06.2011
30.06.2010
981,122,530
762,869,968
218,252,563
25,437,593
20,605,943
4,831,650
192,814,970
105,345,204
10,018
87,479,784
87,479,784
16,074,564
8,747,978
7,326,585
71,405,220
850,367,483
659,034,799
191,332,684
21,885,674
18,792,307
3,093,367
169,447,010
84,630,252
22,202
84,838,960
84,838,960
5,648,265
5,648,265
79,190,695
339,464,335
262,381,172
77,083,163
12,974,954
11,545,055
1,429,899
64,108,209
36,181,868
27,926,341
27,926,341
27,926,341
3.21
7.14
7.92
5.59
2.79
2.48
2.75
0.97
Page | 134
Due to share split on March 23, 2011 of face value per share from Tk. 100.00 to Tk. 10.00. Restated EPS (per share of Tk. 10) for
C) Statements of Cash Flows:
30.06.2014
Interest Paid
Income Tax Paid
Net Cash from Operating Activities: (A)
Investment in share
Dividend income
Acquisition of Fixed Assets
Advance against Acquisition of Machinery
Net Cash used in Investing Activities: (B)
Share money Deposit
Short Term Loan
Long Term Loan
Net Cash used in Financing Activities: (C)
Net increase/decrease in cash & Cash equivalents: (A+B+C)

Issue Managers :
AFC CAPITAL LIMITED
30.06.2013
Amount In Taka
30.06.2012
30.06.2011
30.06.2010
1,313,386,787
(1,060,415,663)
(145,299,477)
(11,801,511)
95,870,136
1,013,152,905
(844,256,037)
(129,000,886)
(5,916,737)
33,979,245
981,091,398
(631,023,641)
(105,345,204)
(4,251,947)
240,470,606
667,981,984
(488,192,190)
(84,630,252)
(1,396,317)
93,763,225
137,302,314
(287,965,761)
(36,181,868)
(186,845,315)
(54,270,773)
1,873,049
(48,266,471)
(3,152,717)
(103,816,912)
(65,598,128)
(1,557,669)
(67,155,797)
(281,064,172)
(18,929,831)
(299,994,003)
(224,912,721)
(285,850)
(225,198,571)
(12,559,417)
(12,559,417)
29,602,454
(15,310,784)
14,291,670
6,344,895
4,617,025
10,961,920
(33,806,000)
59,884,614
26,078,614
(7,097,938)
11,714,963
4,617,025
50,000
33,806,000
29,588,483
63,444,483
3,921,086
7,793,877
11,714,963
136,206,826
136,206,826
4,771,480
3,022,397
7,793,877
36,000,000
126,153,152
37,074,174
199,227,326
(177,406)
3,199,803
3,022,397

D)
Dividend declared:
Particulars
Cash Dividend
Stock Dividend (Bonus Share)
30.06.2014 30.06.2013 30.06.2012 30.06.2011 30.06.2010

Nil
Nil
Nil
Nil
Nil
Nil
15%
150%
Nil
Nil
E)
Simtex Industries Limited was incorporated as a Private Limited Company on May 29, 2007 and
subsequently converted into a Public Limited Company on November 15, 2012 with the Registrar of
Joint Stock Companies (RJSC) in Bangladesh. RJSC has also certified the amended copy of
Memorandum and Articles of Association of the Company on March 3, 2013.
F)
The company had no subsidiary company as on the balance sheet date.
G)
No proceeds or part of the proceeds of the issue of shares would be applied directly by the company in
the purchase of any business.
H)
The company did not prepare any statement of accounts for the year subsequent to June 30, 2014.
Dated: September 11, 2014

Dhaka
Issue Managers :
AFC CAPITAL LIMITED
Page | 135
Sd/Ahmed Zaker & CO.


Auditor's certificate regarding calculation of EPS and Ratios
This is to certify that Simtex Industries Limited has maintained the following ratios as computed on the basis of the
audited financial statements for the year ended June 30, 2014, 2013, 2012, 2011 and 2010.
Particulars
30.06.2014 30.06.2013 30.06.2012 30.06.2011

Ratio
30.06.2010

Current Ratio
Quick Ratio
1.96
1.31
1.90
1.45
1.51
0.94
1.77
1.68
1.21
0.62
1.83
1.77
1.48
1.17
2.00
2.65
1.94
1.72
1.77
2.70

5.09
5.55
1.04
6.12
5.31
0.99
8.22
5.76
0.97
7.41
9.16
1.13
2.91
9.90
0.84
22.62%
20.35%
7.05%
7.32%
18.71%
3.33
3.33
22.66%
20.21%
7.08%
7.04%
19.17%
3.21
2.79
22.25%
19.65%
7.28%
7.06%
22.16%
7.14
2.48
22.50%
19.93%
9.31%
10.53%
38.62%
7.92
2.75
22.71%
18.89%
8.23%
6.91%
25.74%
5.59
0.97
Gross Margin Ratio
Net Income Ratio
Fully Diluted Earnings Per Share (EPS)
Page | 136
Due to share split on March 23, 2011 of face value per share from Tk. 100.00 to Tk. 10.00. Restated EPS (per share of Tk. 10) for
Dated: September 11, 2014

Dhaka
Issue Managers :
AFC CAPITAL LIMITED
Sd/Ahmed Zaker & CO.


Ratio Calculation
Particulars
Formula
Current Ratio
Current assets/Current liabilities
Quick Ratio
(Current assets-Inventories)/Current liabilities
Operating Profit/Financial Expenses
Total debt/Total equity
30.06.2014
30.06.2013
Calculation
Ratio
Calculation
Ratio
619,327,113
466,801,113
1.96
1.51
316,729,209
309,436,391
415,131,520
292,269,773
1.31
0.94
316,729,209
309,436,391
276,562,014
228,638,178
1.90
1.77
145,299,477
129,000,886
818,285,672
775,612,446
1.45
1.68
563,358,556
461,230,591
For the Year ended

30.06.2012
Calculation
Ratio
318,150,330
262,451,574
162,905,258
262,451,574
192,814,970
105,345,204
663,469,293
374,871,996
1.21
0.62
1.83
1.77
30.06.2011
Calculation
Ratio
30.06.2010
Calculation
Ratio
518,040,237
350,228,150
408,501,936
350,228,150
169,447,010
84,630,252
714,330,801
269,610,776
295,338,688
151,958,483
260,958,782
151,958,483
64,108,209
36,181,868
379,854,308
140,470,081
1.48
1.17
2.00
2.65
1.94
1.72
1.77
2.70

Net Sales/Average Accounts Receivables
Cost of Goods Sold /Average inventory
Net Sales/Average Total Assets
1,359,191,916
267,110,958
1,051,808,398
189,363,467
1,359,191,916
1,309,243,632
5.09
5.55
1.04
1,131,544,681
185,012,506
875,070,636
164,888,206
1,131,544,681
1,137,592,163
6.12
5.31
0.99
981,122,530
119,423,181
762,869,968
132,391,687
981,122,530
1,011,141,433
8.22
5.76
0.97
850,367,483
114,812,381
659,034,799
71,959,104
850,367,483
752,132,983
7.41
9.16
1.13
339,464,335
116,595,018
262,381,172
26,503,303
339,464,335
404,135,747
2.91
9.90
0.84
Gross Margin Ratio
Gross profit/Net Sales
Operating profit/Net Sales
Net Income Ratio
Net profit after tax/Net Sales
Net profit after tax/Average Total assets
Net profit after tax/AverageTotal Shareholders

equity
Net profit after tax/Ordinary shares outstanding
Fully Diluted Earnings Per Share (EPS)
Net profit after tax/Latest number of shares
Issue Managers :
AFC CAPITAL LIMITED
307,383,518
1,359,191,916
276,562,014
1,359,191,916
95,839,370
1,359,191,916
95,839,370
1,309,243,632
95,839,370
512,294,573
95,839,370
28,750,000
95,839,370
28,750,000
0.23
0.20
0.07
0.07
0.19
3.33
3.33
256,424,045
1,131,544,681
228,638,178
1,131,544,681
80,129,672
1,131,544,681
80,129,672
1,137,592,163
80,129,672
418,051,293
80,129,672
25,000,000
80,129,672
28,750,000
22.66%
20.21%
7.08%
7.04%
19.17%
3.21
2.79
218,252,563
981,122,530
192,814,970
981,122,530
71,405,220
981,122,530
71,405,220
1,011,141,433
71,405,220
322,241,386
71,405,220
10,000,000
71,405,220
28,750,000
22.25%
19.65%
7.28%
7.06%
22.16%
7.14
2.48
191,332,684
850,367,483
169,447,010
850,367,483
79,190,695
850,367,483
79,190,695
752,132,983
79,190,695
205,040,429
79,190,695
9,995,000
79,190,695
28,750,000
22.50%
19.93%
9.31%
10.53%
38.62%
7.92
2.75
77,083,163
339,464,335
64,108,209
339,464,335
27,926,341
339,464,335
27,926,341
404,135,747
27,926,341
108,506,911
27,926,341
5,000,000
27,926,341
28,750,000
22.71%
18.89%
8.23%
6.91%
25.74%
5.59
0.97
Page | 137

Information as per SECs notification no. SEC/CMRRCD/2008/115/admin/30 dated October 05, 2011:
Earnings per Share (EPS) on fully diluted basis (The total existing no. of shares):
30.06.2014 30.06.2013 30.06.2012 30.06.2011 30.06.2010
Particulars
Amount in Taka
Net profit after Tax
95,839,370 80,129,672 71,405,220 79,190,695 27,926,341
No. of shares before IPO
28,750,000 28,750,000 28,750,000 28,750,000 28,750,000
3.33
2.79
2.48
2.75
0.97
Net profit excluding Extra-ordinary income or non-recurring income coming from other than core operations:
30.06.2014
30.06.2013
30.06.2012
30.06.2011 30.06.2010
Particulars
Amount in Taka
276,562,014 228,638,178 192,814,970 169,447,010 64,108,209
Less: Other Income
(1,873,049)
(10,018)
(22,202)
(145,299,477) (129,000,886) (105,345,204) (84,630,252) (36,181,868)
Less: Financial Expense
Net profit before tax except other income 129,389,488
99,637,292
87,459,748 84,794,556 27,926,341
Less: WPPF
(6,339,790)
(4,744,633)
(12,304,970)
(9,489,266)
(8,745,975) (8,479,456) (2,792,634)
Less: Deferred Tax
(11,843,404)
(5,273,721)
(7,326,585)
98,901,325
80,129,672
71,387,188 76,315,100 25,133,707
Earnings per shares excluding extra-ordinary income or non-recurring income coming from other than core
operations:
30.06.2014 30.06.2013 30.06.2012 30.06.2011 30.06.2010
Particulars
Amount in Taka
Less: Other Income
Less: Financial Expense
Net profit before tax except other income
Less: WPPF
Less: Deferred Tax
No. of shares
276,562,014
(1,873,049)
(145,299,477)
129,389,488
(6,339,790)
(12,304,970)
(11,843,404)
98,901,325
28,750,000
3.44
228,638,178
(129,000,886)
99,637,292
(4,744,633)
(9,489,266)
(5,273,721)
80,129,672
25,000,000
3.21
192,814,970
(10,018)
(105,345,204)
87,459,748
(8,745,975)
(7,326,585)
71,387,188
10,000,000
7.14
169,447,010
(22,202)
(84,630,252)
84,794,556
(8,479,456)
76,315,100
9,995,000
7.64
64,108,209
(36,181,868)
27,926,341
(2,792,634)
25,133,707
5,000,000
5.03
Net Asset Value per Share:

a) Net Asset Value without Revaluation Reserve:
b) Net Asset Value with Revaluation Reserve:
30.06.2014
Particulars
Share Capital
Reserve & Surplus
Retained Earnings
Total Shareholders' Equity (without Revaluation
Reserve)
Total Shareholders' Equity (with Revaluation Reserve)
Total Number of Ordinary Share

a) Net Assets Value (NAV) at BDT 10.00
per share (without Rev. Reserve)
b) Net Assets Value (NAV) at BDT 10.00
per share (with Rev. Reserve)
Issue Managers :
30.06.2011
30.06.2010
287,500,000
103,668,899
165,901,062
30.06.2012
Amount in Taka
250,000,000
100,000,000
103,668,899
62,543,740
107,561,692
178,522,256
99,950,000
62,543,740
107,117,036
50,000,000
62,543,740
27,926,341
453,401,062
357,561,692
278,522,256
207,067,036
77,926,341
557,069,961
28,750,000
461,230,591
25,000,000
341,065,996
10,000,000
269,610,776
9,995,000
140,470,081
5,000,000
15.77
14.30
27.85
20.72
15.59
19.38
18.45
34.11
26.97
28.09
AFC CAPITAL LIMITED
30.06.2013
Page | 138

SECTION XXI: LOCK IN PROVISION
All issued shares of the Issuer at the time of according consent to public offering shall be subject to a lock-in
period of three years from the date of issuance of prospectus or commercial operation, whichever comes later.
Provided that the persons, other than directors and those who hold 5% or more, who have subscribed to the shares
of the Company within immediately preceding two years of according consent, shall be subject to a lock-in period
of one year from the date of issuance of prospectus or commercial operation, whichever comes later.
The following table indicates the Lock-In status of the shareholders of Simtex Industries Limited:
SL
Name
Position
1
2
Md. Siddiqur Rahman

Mahfuza Rahman
Director
Director
Md. Shafiquzzaman
Shareholder
Md. Zahangir Alam
Shareholder
Maj. (Retd.) Md. Nazmus Sakeve

Jugbhery
Shareholder
Neaz Rahman Shaqib
Shareholder
Istiaq Rahman Imran
Shareholder
Amina Sultana Daisy
Shareholder
Jannatul Maua
Shareholder
10
11

Hafiza Khanam
12
Abu Hassan
Shareholder
13
Md. Abdus sattar
Shareholder
Director
Director
Total
* From issue date of Prospectus
Issue Managers :
AFC CAPITAL LIMITED
Share
Holdings
14,909,750
2,127,500
50,000
75,000
18,750
350,000
30,000
57,000
350,000
30,000
57,000
210,000
990,000
180,000
210,000
990,000
180,000
440,000
660,000
165,000
764,000
436,000
180,000
1,265,000
1,265,000
160,000
1,040,000
180,000
276,000
924,000
180,000
28,750,000
% of
Holdings
51.86%
7.40%
0.50%
1.52%
1.52%
4.80%
4.80%
4.40%
4.80%
4.40%
4.40%
4.80%
4.80%
Date of
acquisitio
n
29-May-07
30-Apr-09
29-May-07
15-Sep-12
03-Mar-14
29-May-07
15-Sep-12
03-Mar-14
15-Dec-09
15-Sep-12
03-Mar-14
15-Dec-09
15-Sep-12
03-Mar-14
15-Dec-09
15-Sep-12
03-Mar-14
29-May-07
15-Sep-12
03-Mar-14
27-Oct-11
15-Sep-12
03-Mar-14
27-Oct-11
27-Oct-11
27-Oct-11
15-Sep-12
03-Mar-14
27-Oct-11
15-Sep-12
03-Mar-14
Lockin
Period
*
3 Yrs.
3 Yrs.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
3 Yrs.
3 Yrs.
1 Yr.
3 Yrs.
3 Yrs.
1 Yr.
100.00%
Page | 139

SECTION XXII: SUBSCRIPTION
SUBSRCIPTION BY AND REFUND TO NONRESIDENT BANGLADESHI (NRB)

1. Non-resident Bangladeshi (NRB) and Foreign applicants shall submit bank drafts (FDD), issued in favor of
the Issuer for an amount equivalent to the application money, with their application to concerned
Stockbroker/Merchant Banker. The draft (FDD) shall be issued by the Bank where the applicant maintains
NITA/Foreign Currency account debiting the same account. No banker shall issue more than two drafts from
any NITA/Foreign Currency account for any public issue. At the same time, the applicant shall make the
service charge available in respective customer account maintained with the Stockbroker/Merchant Banker.
2. The bank draft (FDD) shall be issued considering TT Clean exchange rate of Sonali Bank Ltd. on the date of
3. Stockbrokers/Merchant Bankers shall send the bank drafts (FDD) submitted by successful NRB and Foreign
applicants to the Stock Exchange and return the drafts submitted by unsuccessful applicants.
4. Stockbrokers/Merchant Bankers shall send the drafts (FDD) submitted by unsuccessful NRB and Foreign
applicants who are subject to penal provisions, to the respective Stock Exchange, along with a list.
5. Stock Exchanges shall send the drafts submitted by successful NRB and Foreign applicants and also by
unsuccessful NRB and Foreign applicants who are subject to penal provisions, to the Issuer.
6. In case of drafts (FDD) submitted by successful NRB or Foreign applicant for any amount excess to the value
of securities to be allotted or by unsuccessful NRB and Foreign applicants who are subject to penal provisions,
refund of the balance amount shall be made by the Issuer to the applicant through bank drafts issued in the
same currency within 7 (seven) working days of receiving the drafts from Stock Exchange.
ALLOTMENT
The Company shall issue share allotment letters to all successful applicants within 5 (five) weeks from the date of
the subscription closing date. At the same time, the unsuccessful applicants shall be refunded with the application
money within 5 (five) weeks from the closing of the subscription date by crediting directly to the recipients bank
accounts. A compliance report shall be submitted with the Commission within 7(seven) weeks from the date of
closure of subscription.
Issue Managers :
AFC CAPITAL LIMITED
Page | 140

SECTION XXIII: AVAILABILITY OF SECURITIES
Availability of securities
1. Securities
Securities
20% of IPO of Ordinary Shares are reserved for affected small
investors (wZM z` wewbqvMKvix). [A]
10% of public offer Shares shall be reserved for Non Resident
Bangladeshis. [B]
10% of public offer of Shares shall be reserved for Mutual funds
and Collective Investment schemes registered with the
Commission. [C]
60% of public offer of Shares shall be opened for subscription by
the General Public. [D]
Total [A+B+C+D]
Number of Shares
Total amount
(BDT)
6,000,000
120,000,000
3,000,000
60,000,000
3,000,000
60,000,000
18,000,000
360,000,000
30,000,000
600,000,000
2. All as stated in 1[A], 1[B], 1[C]and 1[D] shall be offered for subscription and subsequent allotment by the
Issuer, subject to any restriction, which may be imposed, from time to time, by the Securities and Exchange
Commission.
3. In case of over-subscription, under any of the categories mentioned in the clause 1[A], 1[B], 1[C] and 1[D],
the Issue Managers shall conduct an open lottery of all the applications received under each category
separately in accordance with the letter of consent issued by the Securities and Exchange Commission.
4. In case of under-subscription, under any of the 20% and 10% category as mentioned in clause 1[A], 1[B], and
1[C] the unsubscribed portion shall be added to the general public category, and, if after such addition there is
over-subscription in the general public category the Issuer and the Issue Managers shall jointly conduct an
open lottery of all the applicants added together.
5. In case of under-subscription of the public offering, the unsubscribed portion of shares shall be taken up by the
underwriter(s).
6. The lottery as stated in clause (3) and (4) should be conducted in the presence of the representatives of Issuer,
Stock Exchange(s) and the applicants, if there be any.
SECTION XXIV: ISSUE MANAGER & UNDERWRITER
MANAGER TO THE ISSUE:

AFC Capital Limited (Issue Manager), Tanaka Tower (2nd Floor), 42/1/Gha, Segun Bagicha, Dhaka-1000,
Imperial Capital Limited (Issue Manager), Shaiham Sky View Tower (3rd Floor), 45, Bijoy Nagar, Dhaka-1000
shall get Tk. 2,000,000.00 (Taka Twenty Lac Only) as issue management fee.
UNDERWRITERS:
As per Bangladesh Securities and Exchange Commissions guideline 50% of the Public Offer of 30,000,000
ordinary shares i.e., 15,000,000 ordinary shares of Tk. 10.00 each at an issue price Tk. 20.00 (including premium
Tk. 10.00 each) i.e., for Tk. 300,000,000 will be Underwritten by the following Underwriters for IPO of Simtex
Industries Limited with the underwritten Commission @ 0.30% (zero point three percent).
Issue Managers :
AFC CAPITAL LIMITED
Page | 141
SL
1
2
3
4
5
Name of the Underwriter

Eastern Bank Limited
BMSL Investment Limited
Swadesh Investment Management Limited
AIBL Capital Management Limited
Totals
No. of Shares underwritten

4,000,000
4,000,000
3,000,000
2,000,000
2,000,000
15,000,000
Amount of
Underwritten (Tk.)
80,000,000
80,000,000
60,000,000
40,000,000
40,000,000
300,000,000
1. If and to the extent that the shares offered to the public by a prospectus authorized hereunder shall not have
been subscribed and paid for in cash in full by the closing date, the Company shall within 10 (ten) days of the
closure of subscription call upon the underwriter in writing with a copy of said writing to the Bangladesh
Securities and Exchange Commission, to subscribe for the shares not subscribed by the closing date and to pay
for in cash in full for such subscribed shares in cash in full within 15 (fifteen) days of the date of said notice
and the said amount shall have to be credited into shares subscription account within the stipulated period.
2. If payment is made by Cheque / Bank Draft by the underwriter it will be deemed that the underwriter has not
fulfilled his obligation towards his underwriting commitment under the agreement, until such time as the
Cheque / Bank Draft has been encashed and the Companys account credited.
3. In case of failure by the underwriter to pay for the shares under the terms mentioned above, the said
underwriter will not be eligible to underwrite any issue, until such time as they fulfills their underwriting
commitment under the agreement and also other penalties as may be determined by the commission may be
imposed on him.
4. In any case within 7 (seven) days after the expiry of the aforesaid 15 (fifteen) days, the Company shall send
proof of subscription and payment by the underwriter to the commission.
5. In case of failure by any underwriter to pay for the shares within the stipulated time, the Issuer will be under
no obligation to pay any underwriting commission under the agreement.
6. In case of failure by the Company through call upon the underwriter for the aforementioned purpose within the
stipulated time, the Company and its Directors shall individually and collectively be held responsible for the
consequences and/or penalties as determined by the Bangladesh Securities and Exchange Commission under
the law may be imposed on them
RIGHT OF UNDERWRITERS ON COMPANYS BOARD:
Underwriters have not acquired any right to have their representatives in the Board of Directors of the Company.
COMMISSION FOR UNDERWRITERS
The Company shall pay to the underwriters an underwriting commission at the rate of 0.30% of 50% of the total
IPO amount of the issue value of shares underwritten by them.
SECTION XXV: APPLICATION FOR SUBSCRIPTION
1. Application/buy instruction for shares may be made for a minimum lot for 300 Ordinary shares to the value of
Taka 6,000/- (Six Thousand Only). Prospectus may be obtained from the registered office of the Company,
Issue Manager, Underwriters and Stock Exchanges. Application/buy instruction must not be for less than 300
shares. Any application/buy instruction not meeting this criterion will not be considered for allotment purpose.
Merchant Banker where the applicant maintains customer account, within the cut-off date (i.e. subscription
closing date).
Issue Managers :
AFC CAPITAL LIMITED
Page | 142

of the Applicant.
4. Application/buy instruction must be in full name of individuals or limited companies or trusts or societies and
not in the name of firms, minors or persons of unsound mind. Application/buy instruction from insurance,
financial and market intermediary companies and limited companies must be accompanied by Memorandum
and Articles of Association.
5. An applicant cannot submit more than two applications, one in his/her own name and the other jointly
with another person. In case an applicant makes more than two applications, all applications will be
treated as invalid and will not be considered for allotment purpose. In addition, 15% (fifteen) of the
application money will be forfeited by the Commission and the balance amount will be refunded to the
applicant.
6. The applicants who have applied for more than two applications using same bank account, their application
will not be considered for lottery and the Commission will forfeit 15% of their subscription money too.
7. Making of any false statement in the application or supplying of incorrect information therein or
suppressing any relevant information in the application shall make the application liable to rejection
and subject to forfeiture of 25% of the application money and/or forfeiture of share (unit) before or
after issuance of the same by the issuer. The said forfeited application money or share (unit) will be
deposited in account of the Bangladesh Securities and Exchange Commission (BSEC). This is in
addition to any other penalties as may be provided for by the law.
8. An IPO applicant shall ensure his/her BO account remains operational till the process of IPO (including
securities allotment or refund of IPO application/buy instruction) is completed. If any BO account mentioned
in the application/buy instruction is found closed, the allotted security may be forfeited by BSEC.
9. Bangladeshi Nationals (including non-resident Bangladeshi Nationals working abroad) and Foreign Nationals
shall be entitled to apply for shares.
10. Non-resident Bangladeshi (NRB) and Foreign applicants shall submit bank drafts (FDD), issued in favor of
the Issuer/Mutual Fund for an amount equivalent to the application money, with their application to concerned
Stockbroker/Merchant Banker. The draft (FDD) shall be issued by the Bank where the applicant maintains
NITA/Foreign Currency account debiting the same account. No banker shall issue more than two drafts from
any NITA/Foreign Currency account for any public issue. At the same time, the applicant shall make the
service charge available in respective customer account maintained with the Stockbroker/Merchant Banker.
11. The bank draft (FDD) shall be issued considering TT Clean exchange rate of Sonali Bank Ltd. on the date of
12. The IPO subscription money collected from successful applicants (other than NRB applicants) by the
Stockbrokers/Merchant Bankers will be remitted to the Companys Account No. 1501200887830002 with
BRAC Bank Limited, Gulshan Branch, 1 Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh for this
purpose.
Issue Managers :
AFC CAPITAL LIMITED
Page | 143

13. The IPO subscription money collected from successful NRB applicants in US Dollar or UK Pound Sterling or
EURO shall be deposited to three FC accounts opened by the Company for IPO purpose are as follows:
Sl.
1.
2.
3.
Name of the A/C

Account No.
1501200887830003
1501200887830004
1501200887830005
Type of A/C
FC A/C
Currency
USD
GBP
Euro
Bank & Branch

BRAC Bank Limited, Gulshan Branch
Page | 144
14. ZvwjKvfz wZM z` wewbqvMKvixMY mKj cvewjK BmyZ GKK A_ev h_ wnmvei h KvbwU A_ev DfqwU
nZ msiwZ 20% KvUvq Ave`b KiZ cvieb | Ze Zviv BPQv Kij wZM msiwZ 20% KvUvq Ave`b
bv Ki mvavib wewbqvMKvix`i Rb wbavwiZ KvUvq Ave`b KiZ cvieb |
APPLICATIONS NOT IN CONFORMITY WITH THE ABOVE REQUIREMENTS AND THE
INSTRUCTIONS PRINTED ON THE APPLICATION FORM ARE LIABLE TO BE REJECTED.
DECLARATION ABOUT LISTING OF SHARES WITH STOCK EXCHANGES
None of the Stock Exchanges, if for any reason, grant listing within 75 days from the closure of subscription, any
allotment in terms of this prospectus shall be void and the Company shall refund the subscription money within
fifteen days from the date of refusal for listing by the Stock Exchange, or from the date of expiry of the said 75
(seventy five) days, as the case may be.
In case of nonrefund of the subscription money within the aforesaid fifteen days, the Company directors, in
addition to the Issuer Company, shall be collectively and severally liable for refund of the subscription money,
with interest at the rate of 2% (two percent) per month above the bank rate, to the subscribers concerned.
The issue manager, in addition to the Issuer Company, shall ensure due compliance of the above mentioned
conditions and shall submit compliance report thereon to the Commission within seven days of expiry of the
aforesaid fifteen days time period allowed for refund of the subscription money.
TRADING AND SETTLEMENT
Trading And Settlement Regulation of the Stock Exchanges will apply in respect of trading and settlement of the
shares of the Company.
THE ISSUE SHALL BE PLACED IN N CATEGORY
Issue Managers :
AFC CAPITAL LIMITED

SECTION XXVI: MATERIAL CONTRACTS AND OTHERS
MATERIAL CONTRACTS
The following are material contracts in the ordinary course of business, which have been entered into by the
Company:
(a) Underwriting Agreement between the Company and the Underwriters.
(b) Issue Management Agreement between the Company and Issue Managers, AFC Capital Limited and Imperial
Capital Limited.
Copies of the above mentioned contracts and documents and the Consent Order from the Bangladesh Securities
and Exchange Commission may be inspected on any working day during office hours at the Companys Registered
Office.
MANAGEMENT DISCLOSURE
Justification of working capital of Tk. 65.271 Million from IPO proceed

As a 100% export oriented company we sales our product through 90 to 120 days deferred letter of credit basis that
is why we provide credit facilities equivalent to 3 to 4 month export amount. To meet export order smoothly we
have to maintain inventory level for 4 to 5 months of inventory consumption. Our capacity has increased and
export is going uptrend since our commercial operation that is why our required inventory level and accounts
receivable is increasing in the same line, as a result our working capital requirement is increasing.
Issue Managers :
AFC CAPITAL LIMITED
Page | 145

SECTION XXVII: CORPORATE DIRECTORY
Name of the Company
Legal Position
Date of Incorporation
Authorized Capital
Paid up Capital
Registered Office
Board of Directors
Auditors
Tax Consultants
Lead Banker
*Company Secretary
:
:
SIMTEX INDUSTRIES LIMITED (SIL)

A Private Company Limited by shares registered under Companies Act, 1994
vides Registration No. C-67047(4539)/2007, dated 29-05-2007 with the
Registrar of Joint Stock Companies and Firms Bangladesh, Dhaka and was
converted into Public Limited Company on November 15, 2012.
29-05-2007
Taka 100.00 (One Hundred) Crore with 10.00 (Ten) Crore Ordinary Shares of
Taka 10.00 Each.
Taka 28.75 Crore with 2.875 Crore Ordinary Shares of Tk. 10.00 each.
Khagan, Birulia, Savar, Dhaka-1341, Bangladesh.
Tel: +88-02-58957103-4, +88-02-7914035; Fax: 88-02-8932237
E-mail: info@simtexgroup.com, companysecretary@simtexgroup.com;
Web: www.simtexgroup.com
5 (Five) Directors
Ahmed Zaker & Co.
45, Shaheed Syed Nazrul Islam Road, Bijoy Nagar,
Saiham Sky View (2nd Floor), Dhaka-1000.
Telephone: 880-02-8391440-3, Fax: 880-02-8391011
E-mail: azcbangladesh@gmail.com
web: www.ahmed-zaker.com
Mandal & Company
Eastern Mansion (10th Floor)
67/9, Kakrail, Dhaka-1000.
Telephone: 880-02-8312339, 880-02-9339154.
BRAC Bank Limited, Gulshan Branch
Prantush Chandra Shaha ACS
*All investors are hereby informed that Prantush Chandra Shaha ACS, Company Secretary, would be
designated as Compliance Officer who will monitor the compliance of the acts, rules, regulations, notification,
guidelines, conditions, orders/directions etc. issued by the Commission and/or Stock Exchange(s) applicable to the
conduct of the business activities of the Company so as to promote the interest of the investors in the security
issued by the Company, and for redressing investors grievances.
Issue Managers :
AFC CAPITAL LIMITED
Page | 146

SECTION XXVIII: CREDIT RATING REPORT
CREDIT RATING REPORT

On
REPORT: RR/6231/15
This is a credit rating report as per the provisions of the Credit Rating Companies Rules 1996. CRISLs
entity rating is valid one year for long-term rating and 6 months for short term rating. CRISLs Bank
loan rating (blr) is valid one year for long term facilities and up-to 365 days (according to tenure of
short term facilities) for short term facilities. After the above periods, these ratings will not carry any
validity unless the entity goes for surveillance.
Page | 147
CRISL followed Corporate Rating Methodology published in CRISL website www.crislbd.com

Address:
CRISL
Nakshi Homes
(4th & 5th Floor)
6/1A, Segunbagicha,
Dhaka-1000
Tel: 9530991-4
Fax: 88-02-953-0995
Email:
crisldhk@crislbd.com
Analysts:
Tanzirul Islam
tanzir@crislbd.com
Utpol Debnath
utpol@crislbd.com
Entity Rating
Long Term: A
Short Term: ST-3
Outlook: Stable
SIMTEX
INDUSTRIES
LIMITED
ACTIVITY
Sewing thread
manufacturer
DATE OF
INCORPORATION
29TH MAY,2007
CHAIRMAN
Mahfuza Rahman
MANAGING
DIRECTOR
Md. Siddiqur Rahman
EQUITY
Tk.563.36 million
TOTAL ASSETS
Tk. 1,381.65 million
Public Limited
Company
Issue Managers :
Date of Rating: March 31,2015

Entity Rating
Outlook
Bank Facilities Rating
Banks/FIs
Valid up to: March 30, 2016

Short Term
ST-3
Long Term
A
Stable
Mode of Exposures (Figures in million)

TLO* Tk.430.88
Trust Bank Limited
WCL ** Tk.1116.00
LFO*** Tk.7.27
WCL Tk.230.00
TLO Tk. 1.73
Southeast Bank Limited
WCL Tk. 820.00
*TLO-Term Loan Outstanding** WCL-Working Capital Limit***LFO-Lease Finance Outstanding
1.0
Ratings
blr Ablr Ablr Ablr Ablr Ablr A-
RATIONALE
CRISL has upgraded the Long Term rating to A (pronounced as single A) and reaffirmed the Short Term rating to ST-3
of Simtex Industries Limited (SIL) based on both relevant qualitative and quantitative information up to the date of rating.
The above ratings have been assigned based on consistent maintenance of some fundamentals of the company which
includes the rating affirmations reflect good business performance, sound infrastructure, experienced management team,
sound quality control mechanism etc. Risk factors include debt based capital structure, low capacity utilization, significant
financial burden, moderate liquidity, exposure to price fluctuation risk etc.
The Long Term rating implies that entities rated in this category are adjudged to offer adequate safety for timely repayment
of financial obligations. This level of rating indicates a corporate entity with an adequate credit profile. Risk factors are
more variable and greater in periods of economic stress than those rated in the higher categories. The Short Term rating
indicates good certainty of timely payment. Liquidity factors and company fundamentals are sound. Although ongoing
funding needs may enlarge total financing requirements, access to financial markets is good with small risk factors.
CRISL also views the company with Stable Outlook for its steady business growth and consistent fundamentals and
believes that the company will able to maintain its fundamentals with the same trend in foreseeable future.
2.0
CORPORATE PROFILE
2.1
Background
Simtex Industries Limited was incorporated on 29th May, 2007 as a private limited company with the objective of setting up
garments accessories manufacturing unit (sewing thread) for 100% export oriented garments manufacturers. Subsequently
the company converted into a Public Limited Company on 15th November, 2012. The company started its commercial
operation from 1st July, 2009 and since then it has been producing sewing thread for different garments manufacturers in
Bangladesh. Currently SILs production capacity is 4.75 million Kgs of yarn per year. SIL started the business with initial
paid-up capital of Tk.6.00 million in 2007 against the authorized capital of Tk.1000.00 million. Subsequently, it has
increased its paid-up capital through issue of shares. Currently the company has been operating with a paid-up capital of
Tk.287.50 million against an authorized capital of Tk. 1000.00 million. Total turnover of the company stood at Tk.1359.19
million in FY2013-14. Moreover, in order to meet the funding need for expanding the current infrastructure, the
management of the company has decided to issue 30.00 million ordinary shares through Initial Public Offering (IPO).The
AFC CAPITAL LIMITED

management is led by Mr. Md. Siddiqur Rahman as its Managing Director. The companys registered office and factory are
located at Khagan, Birulia, Savar, Dhaka.
2.2
Ownership and Control
As a public limited company, SIL is managed and controlled by the Board of Directors. Mrs. Mahfuza Rahman is the
Chairman of the Board holding 7.40% shares followed by Mr. Md. Siddiqur Rahman, who is acting as the Managing
Director of the company holding 51.86% shares and remaining shares are being held by two Directors and other nine
Shareholders. The Board deals with policy issues and reviews business performance. The details of the Directors,Page | 148
Shareholders qualification, age and experience has been stated below:
Name
Mahfuza Rahman
Designation
7.40
Experience
in Various
Business
14
51.86
25
4.40
14
4.40
11
1.52
0.50
22
22
MBA
1.52
01
A Level
O Level
MBA
B.A
B.A
M.A (English)
4.80
4.80
4.40
4.80
4.80
4.80
02
02
08
07
07
06
Relationship with
the Chairman
Educational
Qualification
Self
Chairman
Managing
Director
Director
Brother-in-law
Hafiza Khanam
Director
Sister
Shareholder
Shareholder
N/A
N/A
B.A.
MBA,ACBA
(IBA), FCS
B. Sc
B. Sc(Hons),M. Sc
L.L.B
M.Com, FCS
M.A (Economics)
Shareholder
N/A
Shareholder
Shareholder
Shareholder
Shareholder
Shareholder
Shareholder
Son
Son
N/A
N/A
N/A
N/A
Md. Siddiqur Rahman
Md. Zahangir Alam

Md. Shafiquzzaman
Maj. (Retd.) Md. Nazmus
Sakeve Jugbhery
Neaz Rahman Shaqib
Istiaq Rahman Imran
Amina Sultana Daisy
Jannatul Maua
Abu Hassan
Md. Abdus Sattar
N/A- Not Applicable
Husband
Share (%)
2.3
Corporate Management
SIL has been operating with a good corporate management team supported by a group of experienced and qualified
professionals. The management team is headed by the Managing Director Mr. Md. Siddiqur Rahman who supervises all the
major activities with the support of concerned professionals. The operational activities are divided into Six (6) Departments
such as Operation, Accounts & Finance, Sales & Marketing, HR, Admin & Compliance, Research & Development and
Corporate Affairs which are being headed by experienced professional team members. The top management of the company
is consisted of the following:
Experience (Years)
Name
Experienced
Management Team
Md. Siddiqur Rahman

M A Shahjahan
Imran Chudhury
Md. Sazzad Hossain LSDC
Designation
Managing Director
Executive Director
General Manager (Sales &
Marketing)
General Manager (Operation)
Md. Emdad Ali Mina
General Manager (HR, Admin

& Compliance))
DGM (Sales)
Amal Krishna Das
DGM (R & D)
Moinuddin Md. Jasim
DGM (Operation)
Ashis Kumar Saha

Mir Monir Hossain Liton
Md. Gazi Abu Shameem
AGM, Corporate Affairs

AGM (Sales & Marketing)
AGM (Accounts & Finance)
Prantush Chandra Shaha
Company Secretary
Md. Mijanur Rahman

Md. Khalilur Rahman
Md. Abu Zafar
Sr. Manager (Biz-Control)

Manager (Sales & Marketing)
Manager (Internal Audit)
Major (Retd.) Ahmudul Islam
Qualification
M.Com (DU)
With the
Company
08
02
25
44
MBA (Marketing)
23
B.Sc. (Hons), M.Sc.

(Chemistry), MBA
03
21
MBA(HRM)
0.1
8.3
MBA (Finance)
B. Sc (Hons), M. Sc (App.
Chem. & Chemical
Technology), MBA
B. Sc(Hons), M. Sc
(Organic. chemistry)
M.Com (Accounting)
B.A (Pass)
M.Com, CA(CC)
B.Com (Hons), M.Com (Acct),
ACS
B.A (Pass)
B.Com (Hons), M.Com
M.Com (DU),CA(CC)
03
16
05
18
0.3
19
08
08
0.6
12
13
25
02
11
08
08
0.6
17
11
21
Total
CRISL believes that the experienced management team in different Departments has the capability to promote and run the
Issue Managers :
AFC CAPITAL LIMITED

company. SIL has Board approved HR manuals for both corporate office and factory. In addition to compensation package,
a number of policies have been formulated for the welfare of employees in the form of provident fund, workers profit
participation fund etc. Total employee of the company stood at around 694 as on June 30, 2014 all of which are permanent.
The average wages of the worker at factory level stood at Tk. 5,300 per month.
2.4
MIS and Internal Control Mechanis
The company is currently using Tally 9 software for accounting and in-house developed customized software (ABC
software) for inventory management. SIL has an IT team with 2 members headed by Md. Tasbir-Ul Islam, having requiredPage | 149
experience. The company has backup server to keep the backup of valuable data in factory premises. The company has
separate internal audit department consisting of three members headed by Md. Abu Zafar, an experienced person in this
sector. The department is capable of safeguarding the assets, promoting operating efficiency and ensuring compliance with
applicable policies and regulations.
3.0
BUSINESS ANALYSIS
The company mainly produced three types of products namely Sewing Thread, Poly Core Spun Thread and Filament
Thread. The most unique feature of the thread is its consistency in quality. The company procures most of the raw materials
through L/C. Major raw materials of SIL are yarn and different dyes chemicals. The company imports all of its yarn ranging
from 12/3, 20/2, 20/3, 20/4, 20/6, 20/9, 40/2, 40/3, 50/2, 60/2, 60/3 and 150D counts from China (90%) and Thailand (10%).
The average lead time for importing yarn is around 45 to 60 days. SIL has its own warehouse for raw materials in factory
premises with a capacity of 1661.27 MT of yarn. The company has separate procurement Department where related
activities are mainly controlled and it is headed by Md. Sohel Rana. Currently the yearly production capacity of SIL stood at
4.75 million kgs of sewing thread. Presently the company gets orders from different renowned Groups of companies such as
ABA Group, Experience Group, DBL Group, Elegant Fashion, Interstoff Apparels Limited, Fokir Fashion, TM Design,
Impress New Tex etc.
4.0
INDUSTRY OUTLOOK
The Readymade Garment (RMG) industry of Bangladesh has emerged as a competent garment producer in the world. The
World Trade Organization declared Bangladesh as the second largest RMG exporter after China in FY2010-11. Bangladesh
is the second largest exporter of denim products after China. The industry accounts for 80 per cent of the total export
earnings of the country and is a source of livelihood for around 4.4 million workers, mostly poor rural women. Over the last
three decades, the apparel industry has achieved a phenomenal growth due to policy support from the Government,
dynamism of the private sector entrepreneurs and extremely hardworking workers. The export earnings through RMG
crossed US$ 24,000 million in the last fiscal year and people of around 130 countries of the world are the consumers of
'made-in-Bangladesh' knit garments and woven products.
The journey started in 1978, with a shipment of 10,000 pieces of men's shirts worth 13 million Francs to a French company
by Reaz Garments Ltd. Desh Garment Ltd, the first fully export-oriented garment factory of the country, entered the global
market the following year. In 1980, South Korean Youngone Corporation formed the first joint-venture garment factory
with a Bangladeshi firm, Trexim Ltd. The number of garment factories in the country rose to 587 in 1984-85. With the
arrival of many international buyers, the figure jumped to around 2,900 in 1999. In 2005, Bangladesh with an increased
number of production units became one of the 12 largest apparel exporters in the world. Now, the country has more than
4,536 woven garment factories, 1,700 knitwear factories and 1,300 spinning, finishing and dyeing factories.
Particulars
Export of RMG (million USD)
Export of Oven (million USD)
Export of Knit (million USD)
Source: Export Promotion Bureau Compiled by BGMEA
FY2013-14
24,491.88
12,442.07
12,049.81
FY2012-13
21,515.73
11,039.85
10,475.88
FY2011-12
19,089.69
9,603.34
9,486.35
Moreover, a more glittering future is waiting for the ready-made garment industry of Bangladesh as perceived from at least
facts and figures. A McKinsey report forecast export-value growth of 7 to 9 per cent annually within the next ten years, so
the market will be double by 2015 and nearly triple by 2020. But at present, the mightiest pillar of our economy is under
threat and facing unprecedented challenges posed by some unfortunate incidents in the sector. With challenges on one side
and huge opportunities for further growth on the other, we are now at a crossroads. One of the biggest challenges for the
sector is to make the factories safer and ensure better working conditions for millions of garment workers. However,
following some unfortunate incidents, a number of initiatives have been taken to improve building and fire safety of
Bangladesh's garment industry. Platforms such as Alliance, Accord and National Plan of Action have been formed to ensure
RMG factories safer and compliant. They have already started inspecting the garment factories and has shut down a number
of them due to safety concerns. However, the country does not have the capacity to provide jobs to this huge number of
workers in any other sector, leading further instability. The way to resolve the issue is improving building and fire safety at
the garment factories to prevent further catastrophic collapse or fire. About 4,500 garment factories now in operation in
Bangladesh (reduced by 20% within last one year), 40% are housed in shared and converted buildings employing around 1.5
million people; the rest operate in purpose-made buildings. The firms need to retrofit and, if not possible, relocate all the
factories that are housed in shared and faulty buildings with poor safety standards.
Issue Managers :
AFC CAPITAL LIMITED
Minimum wage of garment workers already has been increased by 77 per cent. The consolidated increase in minimum
wages for RMG workers in the last five years is around 219 per cent. But workers have not been able to enjoy the real
benefit of the wage increase due to price spiral of daily essentials and exorbitant house rent. Therefore, Government should
come forward with more articulated and thoughtful policy to strengthen such an industry that has kept turning the wheels of
our economy, brought glory for the country through its 'Made-in-Bangladesh' tags, created employment for millions of
people, lifted them from the abyss of poverty, and ensured a safer and brighter future for their children.
Page | 150
It is also mentionable that the primary textile sector, which includes spinning, weaving, printing, dyeing and finishing, plays
a vital role as backward-linkage industry of woven and knitwear garments by supplying fabrics and yarns. Currently, the
backward-linkage industry supplies around 90 percent raw materials to the knitwear sub-sector and 40 percent to the woven
sub-sector. The rest of the demand is met with imports, mainly from China and India. At present, there are about 402
spinning mills, 809 fabrics and 237 dyeing, printing and finishing units under Bangladesh Textile Mills Association
(BTMA) with total investment of about 4 billion US dollars. Despite huge potential, the primary textile industries could not
utilize their full production capacity because of errant power and gas supply, high interest rates, political uncertainty and
underdeveloped infrastructures.
5.0
PRODUCTION FACILITIES AND TECHNICAL ANALYSIS
5.1
Infrastructure and Facilities
The plant has been built on one two-storied fabricated building, one two-storied building, one three-storied building and
another shade with a floor space of approximately 92,320 sft., which is fully owned by SIL. The factory is located at
Khagan, Birulia, Savar, Bangladesh. The sponsors have already acquired sufficient additional land for further expansion of
the project. At present the company uses two gas generators and two diesel-driven generators having total capacity of 2800
KVA to ensure in-house uninterrupted power supply. The water source of the factory is the deep tube well installed to meet
up its yearly requirement of 19.38 million gallon water. SIL has adopted significant measures to safeguard the company
assets. In order to protect the factory from fire, it has adequate number of fire fighting apparatus.
5.2
Quality Control Measurement
SIL uses modern technology to assure quality of the products starting from raw materials to finished goods. The company
has QA (Quality Assurance) Department to ensure that the final product meets all parameters stipulated by the customers
and it is also facilitated with testing laboratory equipped with the latest instruments to ensure high quality color matching
yarn dyeing and finishing before the yarn is delivered to customer. The laboratory is equipped with number of Sample
Dyeing Machines, Spectrophotometer, Yarn Count and Strength Tester, Lab Drawer Machine, Lab IR (Infrared Rays)
Dyeing Machine and Lab Volume Metric Auto Pipetting Machine.
6.0
IPO FUND UTILIZATION PLAN
The company has planned to raise capital by issuing 30.00 million ordinary shares at Tk. 20 each, including premium of Tk.
10 subject to approval from the regulatory authority. The above move will enhance the capital base of the company to a
greater extent. The proceeds, considering the proposed offer price, have been estimated at Tk.600 million. With the
proceeds, the company has planned to invest Tk.316.23 million as capital expenditure to increase the production facility,
Tk.200 million for repayment of term loan, Tk.65.27 million for working capital and remaining Tk.18.50 million has been
planned to be used as IPO expenses.
7.0
BUSINESS PERFORMANCE
Key Operating Performance

Capacity (In million Kgs/per year)
Production (In million Kgs/ per year)
Capacity Utilization (%)
Turnover (Tk. In million)
Turnover growth (%)
COGS (Tk. In million)
COGS Growth (%)
Profit After Tax (Tk. In million)
PAT Growth (%)
Good Business
Performance
Issue Managers :
FY2013-14
4.75
3.36
70.74
1359.19
20.11
1051.81
20.19
95.84
19.60
FY2012-13
3.85
2.51
65.19
1131.54
15.33
875.12
14.71
80.13
12.21
FY2011-12
3.46
2.15
61.97
981.12
15
762.87
15.75
71.41
(9.8)
During the period under surveillance, business performance of the company has been found to be good. In FY2013-14 the
total production capacity and production have increased from previous year though capacity utilization still it has been found
to be low. The turnover of the company has been showing an increasing trend and stood at Tk.1359.19 million and Tk.
1131.54 million in FY2013-14 and FY2012-13 respectively resulting to around 20.11% sales growth. Revenue pie mostly
comprised of sewing thread (94.48%; FY2013-14) followed by filament thread (4.67%) and poly core spun thread (0.85%).
In YE2013-14 also sewing thread remained the main contributor towards revenue. As a consequence of increasing revenue,
the gross profit and net profit experienced an increasing trend. CRISL believes that the turnover is likely to be increased in
AFC CAPITAL LIMITED

the upcoming year depending on the regulatory approval for IPO fund.
8.0
FINANCIAL PERFORMANCE REVIEW
8.1
Quality of Accounts
The audit of the company has been conducted by the Ahmed Zaker & Co. and it has been found that the books of accounts
are in line with the Bangladesh Accounting Standard (BAS) and financial statements have been prepared with sufficient
disclosures. CRISL reviewed the audited accounts and developed an analytical framework accordingly.
Page | 151
8.2
Financial Performance
Profitability Ratios
Return on Average Assets Before Tax (ROAA)%
Return on Average Equity Before Tax (ROAE)%
Return on Average Assets After Tax (ROAA)%
Return on Average Equity After Tax (ROAE)%
Return on Average Capital Employed (ROACE)%
Gross Profit Margin (%)
Operating Profit Margin (%)
Net Profit Margin (%)
FY2013-14
9.68
24.75
7.32
18.71
9.62
22.62
20.35
7.05
FY2012-13
8.34
22.70
7.04
19.17
9.41
22.66
20.21
7.08
FY2011-12
8.65
27.15
7.06
22.16
10.13
22.25
19.65
7.28
The overall financial performance of the company has been found to be good. The company reported gross profit of
Tk.307.38 million in FY2013-14 compared to Tk.256.42 million in FY2012-13 and subsequently net profit of the company
stood at Tk.95.84 million against Tk. 80.13 million. The other profitability indicators like return on average assets, return on
average equity, return on average capital employed increased in FY2013-14 compared to previous year due to higher
increase in profit growth than assets and equity. CRISL is in the opinion that improved capacity utilization is likely to have
positive impact on overall profitability. EPS (against face value of Tk.10 each) of the company increased to Tk.3.33 in
FY2013-14 from Tk.3.21 in FY2012-13 due to increase in profit.
8.3
Cost Efficiency
Key Indicators
Cost to Revenue Ratio (%)
Administrative Expenses to Revenue Ratio %
Finance Cost to Revenue Ratio %
FY2013-14
77.38
2.05
10.69
FY2012-13
77.34
2.24
11.40
FY2011-12
77.75
2.10
10.74
Overall operating efficiency of the company has been found to be moderate. The cost to revenue ratio of SIL has remained
almost stable and stood at 77.38% in FY 2013-14 and 77.34% in FY2012-13. It has been revealed from the above table that
administrative expense to revenue has almost remained stable over the years. However, finance cost to revenue had an
increasing trend due to expansion of the project which required significant financing from different financial institutions.
9.0
CAPITAL STRUCTURE AND SOLVENCY
Company Fundamentals
Current Assets
Less: Current Liabilities
Net Current Assets
Non Current Assets:
Net Capital Employed
Finance By:
Non-Current Liability-Bank Loan
Deferred Tax Liability
Shareholders Equity
Share Capital
Share Money Deposit
Revaluation Reserve
Gain on Marketable Securities
Retained Earnings
(Tk. in Million)
FY2011-12
318.15
262.45
55.70
720.19
775.89
FY2013-14
619.33
316.73
302.60
762.32
1064.92
FY2012-13
466.80
309.44
157.36
770.04
927.40
477.11
24.44
453.58
12.60
393.69
7.33
287.50
-103.67
6.29
165.90
250.00
-103.67
-107.56
100.00
33.81
62.54
-178.52
SIL is currently operating with a debt based capital structure which composed of 59.23% debt and 40.77% equity. Total
debt comprised of 61.29% long term loan and 38.71% short term loan. The equity pie composed of 51.03% paid up capital,
18.40% reserve, 1.11% gain on marketable securities and surplus and 29.44% retained earnings. The paid up capital of the
company has increased to Tk.287.50 million from Tk.250.00 million due to issuing some bonus shares to the existing
shareholders. However, in addition to long term financing the company has also availed short term bank loan to support
working capital as a part of its working capital planning.
Issue Managers :
AFC CAPITAL LIMITED
Debt Based Capital

Structure
Solvency Indicators
Leverage Ratio (X)
Bank Borrowing to Equity(X)
Equity Multiplier(X)
Debt Service Coverage Ratio (X)
Interest Coverage Ratio (X)
FY2013-14
1.45
1.33
2.45
1.34
1.90
FY2012-13
1.68
1.59
2.68
1.24
1.77
FY2011-12
1.77
1.72
2.77
1.53
1.83
Page | 152
The leverage ratio of SIL stood at 1.45 times (consisting 0.89 times as long term gearing and 0.56 times as short term
gearing) in FY2013-14 against leverage ratio of 1.68 times in FY2012-13 due to increase in shareholders equity mainly
caused by increase in paid up capital and retained earnings. Again debt service coverage ratio and interest coverage ratio
have increased due to increase in profit.
10.0
LIQUIDITY AND FUND FLOW ANALYSIS
Liquidity Indicators
Current ratio (times)
Quick ratio (times)
Net working capital (in Million Taka)
Operating Cash Flow (in Million Taka)
Moderate Liquidity
FY2013-14
1.96
1.31
302.60
95.87
FY2012-13
1.51
0.94
157.36
33.97
FY2011-12
1.21
0.62
55.70
240.47
The company has been operating with moderate liquidity over the years, which is reflected through its current ratio and
quick ratio. As mentioned earlier SIL basically imported yarn and chemical from foreign sources and due to such nature of
business activities the company is dependent on working capital facilities through bank financing. SIL started its
commercial operation from 2009 with small production facilities but over the years it has enhanced its working capital
facilities through bank and other financial institutions to support enhanced production volume. As an import based
company, SIL maintains significant inventory to smooth the production flow with modest level of cash conversion cycle.
While analyzing the cash flow it appears that the company has generated average fund from its operation. Being an export
oriented company; early realization of receivables through bill discounting against export L/C supports the company in
managing liquidity to a great extent.
11.0
CREDIBILITY AND BANKING RELATIONSHIP
11.1
Liability Position
SIL has been availing various credit facilities from Trust Bank Limited, Reliance Finance Limited and Southeast Bank
Limited as term loan, working capital loan and lease finance. Bank/Lease liability position of SIL is as follows:
(Tk. in million)
Banks/FIs
Sanctioned
Mode
HPSM
Trust Bank
Limited
Reliance
Finance
Limited
Southeast
Bank
Limited
Purpose
Amou
nt
508.99
Limit
LC(sight)
BG
Musharaka
against IBP
Murabaha TR
Bai-Muajjal
Time Loan
Lease Finance
N/A
N/A
N/A
N/A
8.80
230.00
N/A
Term Loan
LC
TR
OD
IBP
1.89
N/A
N/A
N/A
N/A
519.68
N/A
200.00
100.00
20.00
500.00
2166.00
Total
Outstanding
balance as on
05-03-15
331.00
N/A
785.00
For taking over liabilities of different banks and

NBFIs
To import raw materials
To meet working capital
For negotiation of export documents
For retirement of shipping documents
To set up cotton yarn dyeing project
To purchase Car, Vehicles and capital
machinery
Procurement of Machinery
To import raw materials
Repayme
nt status
430.88
49.98
5.15
245.80
212.74
19.87
232.15
7.27
Regular
1.73
136.64
NIL
17.71
41.86
1401.78
The total working capital limit of SIL has been increased to Tk.2166.00 million from Tk.1664.00 million in order to meet up
the growing business need. The company also have significant term loan outstanding of Tk.439.88 million. CRISL views
that up-coming cash flow may not be sufficient to meet up the financial burden without external support.
11.2
Security Arrangement against Bank Exposure
Loan Type
Security Arrangement
i) Lease finance and Time Loan (Reliance Finance Limited)
Issue Managers :
AFC CAPITAL LIMITED

1. Registered Mortgage of 40.00 decimals lands located at Choto Kakor, Ashulia, Savar, Dhaka;
2. Personal Guarantee of all the Directors of Simtex Ind. Ltd.
3. 12 post dated MICR cheques for monthly interest
4. 01 Undated MICR cheque for facility amount.
ii) HPSM, Working Capital Facility(Trust Bank Limited)
Security:
12.0
Page | 153
10% margin in the form of cash at the time of opening LC
Personal Guarantee of the all Director of the company.
Registered Mortgage of 722.64 decimals is valuing market value Tk. 451.59 million and
forced sale value of Tk. 361.27 million
Post dated cheques covering the total facilities amount and each of the facility
RISK ANALYSIS
12.1
Operation and Maintenance Risk
SIL follows a well-developed production flow chart. Performance in each of the production steps are properly documented
which assists to identify any variation in the process or fault in the process against its estimated quality. In order to maintain
the standard level of quality, the management personnel both in head office and production premises seem to be competent
and experienced to run the operation effectively. CRISL does not foresee much operation and maintenance risk.
12.2
Raw Materials Supply Risk
SIL is dependent on overseas sources for raw materials of yarn and chemicals. Import based supplies are likely to be
affected by any uncontrollable event or country risk to transaction or political barrier. Since inception, the company did not
face any such uncontrollable events and is confident to manage with alternate arrangements at a shorter notice. CRISL
therefore does not foresee significant raw materials supply risk of the company.
12.3
Price Fluctuation Risk
The company is exposed to price fluctuation risk due to volatile price movement of yarn in local and international market as
well as little fluctuation in international market for chemical product. Though in FY2012-13 the yarn price was almost
stable in international market, however, for fluctuating trend of yarn price movement, CRISL foresees that SIL is exposed to
price fluctuation risk.
12.4
Gas Supply Risk
The industrial bases of Bangladesh are mainly aided by natural gas backed power generation which causes disruption
occasionally and the garments industry is not an exception. SIL has set up gas burning generators of total 2000 KVA
capacity and two diesel generators of 800 KVA capacity to support smooth production. At present, SILs required standard
pressure is 15 PSI which is available at all time in this territory. As such the company has low exposure to gas supply risk.
13.0
OBSERVATION SUMMARY
Rating Comforts:
Rating Concerns:
Debt based capital structure
Low capacity utilization
Significant financial burden
Moderate liquidity
Exposure to price fluctuation risk

Business Challenges:
Good business performance

Sound infrastructure
Experienced management team
Sound quality control mechanism
Business Prospects:
Expansion of forward and backward linkage

Largest industry of Bangladesh
Increased demand of the product
Political instability
Increased global competition
END OF THE REPORT

(Information used herein is obtained from sources believed to be accurate and reliable. However, CRISL does not
guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or
for the results obtained from the use of such information. Rating is an opinion on credit quality only and is not a
recommendation to buy or sell any securities. All rights of this report are reserved by CRISL. Contents may be used by news
Issue Managers :
AFC CAPITAL LIMITED

media and researchers with due acknowledgement)
[We have examined, prepared, finalized and issued this report without compromising with the matters of any conflict of
interest. We have also complied with all the requirements, policy procedures of the BSEC rules as prescribed by the
Bangladesh Securities and Exchange Commission.]
RATING
AAA
Triple A
(Highest Safety)
AA+, AA, AA(Double A)

(High Safety)
A+, A, ASingle A
(Adequate
Safety)
BBB+, BBB,
BBBTriple B
(Moderate
Safety)
BB+, BB, BBDouble B
(Inadequate
Safety)
B+, B, BSingle B
(Risky)
CCC+,CCC,
CCCTriple C
(Vulnerable)
CC+,CC, CCDouble C
(High
Vulnerable)
C+,C,CSingle C
(Extremely
Speculative)
CRISL RATING SCALES AND DEFINITIONS

LONG-TERM RATINGS OF CORPORATE
DEFINITION
Investment Grade
Entity rated in this category is adjudged to be of best quality, offer highest safety and have
highest credit quality. Risk factors are negligible and risk free, nearest to risk free Government
bonds and securities. Changing economic circumstances are unlikely to have any serious impact
on this category of companies.
Entity rated in this category is adjudged to be of high quality, offer higher safety and have high
credit quality. This level of rating indicates a corporate entity with a sound credit profile and
without significant problems. Risks are modest and may vary slightly from time to time because
of economic conditions.
Entity rated in this category is adjudged to offer adequate safety for timely repayment of
financial obligations. This level of rating indicates a corporate entity with an adequate credit
profile. Risk factors are more variable and greater in periods of economic stress than those rated
in the higher categories.
Entity rated in this category is adjudged to offer moderate degree of safety for timely repayment
of financial obligations. This level of rating indicates that a company is under-performing in
some areas. Risk factors are more variable in periods of economic stress than those rated in the
higher categories. These entities are however considered to have the capability to overcome the
above-mentioned limitations.
Speculative Grade
Entity rated in this category is adjudged to lack key protection factors, which results in an
inadequate safety. This level of rating indicates a company as below investment grade but
deemed likely to meet obligations when due. Overall quality may move up or down frequently
within this category.
Entity rated in this category is adjudged to be with high risk. Timely repayment of financial
obligations is impaired by serious problems which the entity is faced with. Whilst an entity rated
in this category might be currently meeting obligations in time through creating external
liabilities.
Entity rated in this category is adjudged to be vulnerable and might fail to meet its repayments
frequently or it may currently meeting obligations in time through creating external liabilities.
Continuance of this would depend upon favorable economic conditions or on some degree of
external support.
Entity rated in this category is adjudged to be very highly vulnerable. Entity might not have
required financial flexibility to continue meeting obligations; however, continuance of timely
repayment is subject to external support.
Entity rated in this category is adjudged to be with extremely speculative in timely repayment of
financial obligations. This level of rating indicates entities with very serious problems and unless
external support is provided, they would be unable to meet financial obligations.
D
(Default)
Default Grade
Entity rated in this category is adjudged to be either already in default or expected to be in
default.
Note: For long-term ratings, CRISL assigns + (Positive) sign to indicate that the issue is ranked at the upper-end of its
generic rating category and - (Minus) sign to indicate that the issue is ranked at the bottom end of its generic rating
category. Long-term ratings without any sign denote mid-levels of each group.
Issue Managers :
AFC CAPITAL LIMITED
Page | 154
ST-1
ST-2
ST-3
ST-4
ST-5
ST-6
Issue Managers :
SHORT-TERM RATINGS OF CORPORATE

Highest Grade
Highest certainty of timely payment. Short-term liquidity including internal fund generation
is very strong and access to alternative sources of funds is outstanding. Safety is almost like
risk free Government short-term obligations.
High Grade
High certainty of timely payment. Liquidity factors are strong and supported by good
fundamental protection factors. Risk factors are very small.
Good Grade
Good certainty of timely payment. Liquidity factors and company fundamentals are sound.
Although ongoing funding needs may enlarge total financing requirements, access to capital
markets is good. Risk factors are small.
Moderate Grade
Moderate liquidity and other protection factors qualify an entity to be in investment grade.
Risk factors are larger and subject to more variation.
Non-Investment/Speculative Grade
Speculative investment characteristics. Liquidity is not sufficient to ensure discharging debt
obligations. Operating factors and market access may be subject to a high degree of
variation.
Default
Entity is in default or is likely to default in discharging its short-term obligations. Market
access for liquidity and external support is uncertain.
AFC CAPITAL LIMITED
Page | 155
CRISL RATING SCALES AND DEFINITIONS

BANK LOAN/ FACILITY RATING SCALES AND DEFINITIONS- LONG-TERM
RATING
DEFINITION
blr AAA
Investment Grade
(blr Triple A)
Bank Loan/ Facilities enjoyed by banking clients rated in this category are adjudged to have
(Highest Safety)
highest credit quality, offer highest safety and carry almost no risk. Risk factors are negligible
and almost nearest to risk free Government bonds and securities. Changing economic
circumstances are unlikely to have any serious impact on this category of loans/ facilities.
blr AA+, blr AA,
Bank Loan/ Facilities enjoyed by banking clients rated in this category are adjudged to have
high credit quality, offer higher safety and have high credit quality. This level of rating
blr
indicates that the loan / facilities enjoyed by an entity has sound credit profile and without any
AA(Double A)
significant problem. Risks are modest and may vary slightly from time to time because of
(High Safety)
economic conditions.
Bank Loan/ Facilities rated in this category are adjudged to carry adequate safety for timely
blr A+, blr A,
repayment/ settlement. This level of rating indicates that the loan / facilities enjoyed by an
blr ASingle A
entity have adequate and reliable credit profile. Risk factors are more variable and greater in
(Adequate Safety)
periods of economic stress than those rated in the higher categories.
blr BBB+, blr BBB, Bank Loan/ Facilities rated in this category are adjudged to offer moderate degree of safety for
timely repayment /fulfilling commitments. This level of rating indicates that the client enjoying
blr BBBTriple B
loans/ facilities under-performing in some areas. However, these clients are considered to have
(Moderate Safety)
the capability to overcome the above-mentioned limitations. Cash flows are irregular but the
same is sufficient to service the loan/ fulfill commitments. Risk factors are more variable in
periods of economic stress than those rated in the higher categories.
blr BB+, blr BB,
Speculative/ Non investment Grade
Bank Loan/ Facilities rated in this category are adjudged to lack key protection factors, which
blr BBDuble B
results in an inadequate safety. This level of rating indicates loans/ facilities enjoyed by a client
(Inadequate Safety) are below investment grade. However, clients may discharge the obligation irregularly within
reasonable time although they are in financial/ cash problem. These loans / facilities need
strong monitoring from bankers side. There is possibility of overcoming the business situation
with the support from group concerns/ owners. Overall quality may move up or down
frequently within this category.
blr B+, blr B,
Bank Loan/ Facilities rated in this category are adjudged to have weak protection factors.
Timely repayment of financial obligations may be impaired by problems. Whilst a Bank loan
blr BSingle B
rated in this category might be currently meeting obligations in time, continuance of this would
(Somewhat Risk)
depend upon favorable economic conditions or on some degree of external support. Special
monitoring is needed from the financial institutions to recover the installments.
blr CCC+, blr
Risky Grade
CCC,
Bank Loan/ Facilities rated in this category are adjudged to be in vulnerable status and the
clients enjoying these loans/ facilities might fail to meet its repayments frequently or it may
blr CCCTriple C
currently meeting obligations through creating external support/liabilities. Continuance of this
(Risky )
would depend upon favorable economic conditions or on some degree of external support.
These loans / facilities need strong monitoring from bankers side for recovery.
Bank Loan/ Facilities rated in this category are adjudged to carry high risk. Client enjoying the
blr CC+, blr CC,
loan/ facility might not have required financial flexibility to continue meeting obligations;
blr CCDouble C
however, continuance of timely repayment is subject to external support. These loans / facilities
(High Risky)
need strong monitoring from bankers side for recovery.
Bank Loan/ Facilities rated in this category are adjudged to be extremely risky in timely
blr C+, blr C,
repayment/ fulfilling commitments. This level of rating indicates that the clients enjoying these
blr C(Extremely
loan/ facilities are with very serious problems and unless external support is provided, they
Speculative)
would be unable to meet financial obligations.
blr D
Default Grade
(Default)
Entities rated in this category are adjudged to be either already in default or expected to be in
default.
Issue Managers :
AFC CAPITAL LIMITED
Page | 156
blr ST-1
blr ST-2
blr ST-3
blr ST-4
blr ST-5
blr ST-6
Issue Managers :
SHORT-TERM RATINGS
Highest Grade
Highest certainty of timely payment. Short-term liquidity including internal fund generation
is very strong and access to alternative sources of funds is outstanding, Safety is almost like
risk free Government short-term obligations.
High Grade
High certainty of timely payment. Liquidity factors are strong and supported by good
fundamental protection factors. Risk factors are very small.
Good Grade
Good certainty of timely payment. Liquidity factors and company fundamentals are sound.
Although ongoing funding needs may enlarge total financing requirements, access to capital
markets is good. Risk factors are small.
Satisfactory Grade
Satisfactory liquidity and other protection factors qualify issues as to invest grade. Risk
factors are larger and subject to more variation.
Non-Investment Grade
Speculative investment characteristics. Liquidity is not sufficient to insure against disruption
in debt service. Operating factors and market access may be subject to a high degree of
variation.
Default
Institution failed to meet financial obligations
AFC CAPITAL LIMITED
Page | 157

SECTION XXIX: IPO APPLICATION PROCESS
Step-1 (Applicant)
Merchant Banker where the applicant maintains customer account, within the cut-off date (i.e. the subscription
closing date), which shall be the 25th (twenty fifth) working day from the date of publication of abridged
version of prospectus.
of the Applicant. At the same time:
a) Other than non-resident Bangladeshi (NRB) and Foreign applicants shall make the application money and
service charge available in respective customer account maintained with the Stockbroker/Merchant
Banker. No margin facility, advance or deferred payment is permissible for this purpose. In case the
application is made through a margin account, the application money shall be deposited separately and the
Stockbroker/Merchant Banker shall keep the amount segregated from the margin account, which shall be
refundable to the applicant, if become unsuccessful.
b) Non-resident Bangladeshi (NRB) and Foreign applicants shall submit bank drafts (FDD), issued in favor
of the Issuer for an amount equivalent to the application money, with their application to the concerned
Stockbroker/Merchant Banker. A Non-resident Bangladeshi (NRB) and Foreign applicant may also
submit a single draft against 02(two) applications made by him/her, i.e. one in his/her own name and the
other jointly with another person. The draft (FDD) shall be issued by the Bank where the applicant
maintains NITA/Foreign Currency account debiting the same account. No banker shall issue more than
two drafts from any NITA/Foreign Currency account for any public issue. At the same time, the applicant
shall make the service charge available in respective customer account maintained with the
Stockbroker/Merchant Banker.
3. The Stockbroker/Merchant Banker shall maintain a separate bank account only for this purpose namely
Public Issue Application Account. The Stockbroker/Merchant Banker shall:
a) post the amount separately in the customer account (other than NRB and Foreign applicants), and upon
availability of fund, block the amount equivalent to the application money;
b) accumulate all the application/buy instructions received up to the cut-off date, deposit the amount in the
Public Issue Application Account maintained with its bank within the first banking hour of next
working day of the cut-off date. In case of application submitted by the Stock-dealer or the Merchant
Bankers own portfolio, the application amount should also be transferred to the Public Issue
Application Account;
c) instruct the banker to block the account for an amount equivalent to the aggregate application money and
to issue a certificate in this regard.
4. Banker of the Stockbroker/Merchant Banker shall block the account as requested for, issue a certificate
confirming the same and handover it to the respective Stockbroker/Merchant Banker.
Issue Managers :
AFC CAPITAL LIMITED
Page | 158

5. For Non-resident Bangladeshi (NRB) and Foreign applicants, the Stockbroker/Merchant Banker shall prepare
a list containing the draft information against the respective applicants particulars.
6. The Stockbroker/Merchant Banker shall prepare category wise lists of the applicants containing Customer ID,
Name, BO Account Number and Number of Securities applied for, and within 03 (three) working days from
the cut-off date, send to the respective Exchange, the lists of applicants in electronic (text format with tilde ~
separator) format, the certificate(s) issued by its banker, the drafts received from Non-resident Bangladeshi
(NRB) and Foreign applicants and a copy of the list containing the draft information.
7. On the next working day, the Exchanges shall provide the Issuer with the information received from the
Stockbroker/Merchant Bankers, the drafts submitted by Non-resident Bangladeshi (NRB) and Foreign
applicants and the list containing the draft information. Exchanges shall verify and preserve the bankers
certificates in their custody.
8. The application/buy instructions shall be preserved by the Stockbroker/Merchant Bankers up to 6 months from
listing of the securities with exchange.
Step-3 (Issuer)
9. The Issuer shall prepare consolidated list of the applications and send the applicants BOIDs in electronic
(text) format in a CDROM to CDBL for verification. The Issuer shall post the consolidated list of applicants
on its website and websites of the Exchanges. CDBL shall verify the BOIDs as to whether the BO accounts of
the applicants are active or not.
10. On the next working day, CDBL shall provide the Issuer with an updated database of the applicants
containing BO Account Number, Name, Addresses, Parents Name, Joint Account and Bank Account
information along with the verification report.
11. After receiving verification report and information from CDBL, the Issuer shall scrutinize the applications,
prepare category wise consolidated lists of valid and invalid applications and submit report of final status of
subscription to the Commission and the Exchanges within 10 (ten) working days from the date of receiving
information from the Exchanges.
12. The Issuer and the issue managers shall conduct category wise lottery with the valid applications within 03
(three) working days from the date of reporting to the Commission and the Exchanges, if do not receive any
observation from the Commission or the Exchanges.
13. The Issuer and issue managers shall arrange posting the lottery result on their websites within 06 (six) hours
and on the websites of the Commission and Exchanges within 12 (twelve) hours of lottery.
14. Within 02 (two) working days of conducting lottery, the Issuer shall:
a) send category wise lists of the successful and unsuccessful applicants in electronic (text format with tilde
~ separator) format to the respective Exchange.
b) send category wise lists of unsuccessful applicants who are subject to penal provisions as per conditions
of the Consent Letter issued by the Commission in electronic (text format with tilde ~ separator) format
to the Commission and Exchanges mentioning the penalty amount against each applicant.
c) issue allotment letters in the names of successful applicants in electronic format with digital signatures
and send those to respective Exchange in electronic form.
Issue Managers :
AFC CAPITAL LIMITED
Page | 159

d) send consolidated allotment data (BOID and number of securities) in electronic text format in a CDROM
to CDBL to credit the allotted shares to the respective BO accounts.
15. On the next working day, Exchanges shall distribute the information and allotment letters to the
Stockbroker/Merchant Bankers concerned in electronic format and instruct them to:
a) remit the amount of successful (other than NRB and Foreign) applicants to the Issuers respective Escrow
Account opened for subscription purpose, and unblock the amount of unsuccessful applicants;
b) send the penalty amount of other than NRB and Foreign applicants who are subject to penal provisions to
the Issuers respective Escrow Accounts along with a list and unblock the balance application money;
16. On the next working day of receiving the documents from the Exchanges, the Stockbrokers/Merchant
Banker shall request its banker to:
a) release the amount blocked for unsuccessful (other than NRB and foreign) applicants;
b) remit the aggregate amount of successful applicants and the penalty amount of unsuccessful applicants
(other than NRB and foreign) who are subject to penal provisions to the respective Escrow accounts of
the Issuer opened for subscription purpose.
17. On the next working day of receiving request from the Stockbrokers/Merchant Bankers, their bankers shall
unblock the amount blocked in the account(s) and remit the amount as requested for to the Issuers Escrow
account.
18. Simultaneously, the stockbrokers/Merchant Bankers shall release the application money blocked in the
customer accounts; inform the successful applicants about allotment of securities and the unsuccessful
applicants about releasing their blocked amounts and send documents to the Exchange evidencing details of
the remittances made to the respective Escrow accounts of the Issuer. The unblocked amounts of
unsuccessful applicants shall be placed as per their instructions. The Stockbroker/Merchant Banker shall be
entitled to recover the withdrawal charges, if any, from the applicant who wants to withdraw the application
money, up to an amount of Tk.5.00 (five) per withdrawal.
19. All drafts submitted by NRB or Foreign applicants shall be deposited in the Issuers respective Escrow
accounts and refund shall be made by the Issuer by refund warrants through concerned stockbroker or
merchant banker or transfer to the applicants bank account through banking channel within 10 (ten) working
days from the date of lottery.
Miscellaneous:
20. The Issuer, Issue manager(s), Stockbrokers and Merchant Bankers shall ensure compliance of the above.
21. The bank drafts (FDD) shall be issued considering TT Clean exchange rate of Sonali Bank Ltd. on the date of
22. Amount deposited and blocked in the Public Issue Application Account shall not be withdrawn or
transferred during the blocking period. Amount deposited by the applicants shall not be used by the
Stockbrokers/Merchant Bankers for any purpose other than public issue application.
23. The Issuer shall pay the costs related to data transmission, if claimed by the Exchange concerned up to an
amount of Tk.2,00,000.00 (taka two lac) for a public issue.
Issue Managers :
AFC CAPITAL LIMITED
Page | 160

24. The Stockbroker/Merchant Bankers shall be entitled to a service charge of Tk.5.00 (taka five) only per
application irrespective of the amount or category. The service charge shall be paid by the applicant at the time
of submitting application.
25. The Stockbroker/Merchant Banker shall provide the Issuer with a statement of the remittance and drafts sent.
26. The Issuer shall accumulate the penalty amount recovered and send it to the Commission through a bank
draft/payment order issued in favor of the Bangladesh Securities and Exchange Commission.
27. The concerned Exchange are authorized to settle any complaints and take necessary actions against any
Stockbroker/Merchant Banker in case of violation of any provision of the public issue application process with
intimation to the Commission.
Issue Managers :
AFC CAPITAL LIMITED
Page | 161

List of the Stockbrokers/Merchant Bankers to receive IPO application:
DSE Stockbrokers
Sl.
No.
1
2
3
4
5
6
7
8
Name of TREC Holder Companies
TREC
No.
1
2
3
4
5
6
7
8
Sl.
No.
80
81
82
83
84
85
86
87
Al-Haj Securities & Stocks Ltd.

SIBL Securities Ltd
Salta Capital Ltd.
Jamal Ahmed Securities Ltd.
Dhanmondi Securities Ltd.
Country Stock (Bangladesh) Ltd.
ARC Securities Ltd.
Dayton Holdings Ltd.
TREC
No.
93
94
95
97
98
99
100
101
Sl.
No.
159
160
161
162
163
164
165
166
Habibur Rahman Securities Ltd.

Globe Securities Limited.
Eminent Securities Limited
IFIC Securities Ltd.
DBL Securities Limited
Parkway Securities Limited
Jahan Securities Ltd.
M & Z Securities Ltd.
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
A B Ispahani Securities Ltd.

S & H Equities Ltd.
Shyamol Equity Management Ltd.
Phoenix Securities Limited
Harun Securities Ltd.
A. K. Khan Securities Ltd.
Apex Investment Limited
Crest Securities Ltd.
International Leasing Securities
Limited
Khwaja Equity Services Limited
BRAC EPL Stock Brokerage Ltd.
Pasha Capital Ltd.
MAH Securities Ltd.
DMR Securities Services Ltd.
ACE Capital Management Services
Ltd.
Adil Securities Limited
Greenland Equities Ltd.
Azam Securities Limited
BDBL Securities Ltd.
Royal Capital Ltd.
A. R. Chowdhury Securities Ltd.
Ershad Securities Ltd.
Vision Capital Management Ltd.
Arena Securities Ltd.
EBL Securities Limited.
SAR Securities Ltd.
Sadeque Finance Management Ltd
Kazi Firoz Rashid Securities Ltd.
BD Finance Securities Ltd.
ETBL Securities & Exchange Ltd.
Bulbul Securities Ltd.
Ibrahim Securities Ltd.
B & B Enterprise Limited
Rashid Investment Services Ltd.
Daulatunnessa Equities Limited.
Quayum Securities Ltd.
Haji Ahmad Brothers Securities Ltd.
Rapid Securities Ltd.
AB & Co. Ltd.
M-Securities Ltd.
Federal Securities And Investment Ltd
SAHCO Securities Ltd.
Khurshid Securities Ltd.
Aries Securities Ltd.
Al-Muntaha Trading Co. Ltd.
Imtiyaz Husain Securities Ltd.
S B Securities Ltd.
M. Zubair Securities Ltd.
Mian Abdur Rashid Securities Limited
UGC SECURITIES LTD.
51
Alpha Equities Ltd.
56
130
Indicate Securities Consultants Ltd.
154
52
53
54
55
57
58
59
60
131
132
133
134
EMES Securities Ltd.

Standard Bank Securities Ltd.
Gateway Equity Resources Ltd.
Investment Promotion Service Ltd.
155
156
157
158
61
135
Peace Securities Ltd
159
57
58
59
60
61
62
63
64
65
66
Hasan Securities Ltd.

IDLC Secuirities Ltd.
Green Delta Securities Ltd.
Global Securities Ltd.
NCCB Securities and Financial
Services Ltd
Reliance Brokerage Services Ltd.
Shahjahan Securities Ltd.
ASENZ Securities Ltd.
E- Securities Ltd.
Sinha Securities Ltd.
Popular Equities Limited
Mohammad Talha & Co. Ltd.
First Capital Securities Ltd.
SBC Securities & Investment Ltd.
H R Securities & Investment Ltd.
62
64
65
66
67
68
69
70
71
72
136
137
138
139
140
141
142
143
144
145
Anwar Securities Ltd.

Trustee Securities Ltd.
SES Company Limited.
Haji Mohammad Ali Securities Ltd.
Times Securities Limited
Subvalley Securities Ltd.
Merchant Securities Limited
Shah Mohammad Sagir & Co. Ltd
Tobarrak Securities Ltd.
160
162
163
164
165
166
168
169
171
172
67
HAC Securities Ltd.
74
146
Hazrat Amanat Shah Securities Ltd.
173
68
69
70
71
72
Multi Securities & Services Limited

Square Securities Management Ltd.
R. N. Trading Limited.
PFI Securities Limited.
Tamha Securities Limited
75
76
78
79
81
147
148
149
150
151
174
175
176
177
179
73
Desa Securities Limited
85
152
74
75
76
77
78
79
MAM Securities Ltd.

Farida Raquib Securities Ltd.
Asia Securities Ltd.
Uniroyal Securities Ltd.
Md. Fakhrul Islam Securities Ltd.
Shahidullah Securities Ltd.
86
87
88
89
90
91
153
154
155
156
157
158
T .A . Khan Securities Co. Ltd.

BLI Securities Limited.
Peoples Equities Ltd.
Anchor Securities Limited
JKC Securities Ltd.
Commerce Bank Securities and Investment
Ltd.
UCB Capital Management Limited
Nur-E-Alam Siddique & Company Ltd.
C-Maart Securities Limited.
Razzak Securities Ltd.
Delta Capital Limited.
G M F Securities Ltd.
9
10
11
12
13
14
15
56
Issue Managers :
TREC
No.
187
189
191
192
193
194
195
196
88
Howlader Equity Services Ltd.
102
167
MTB Securities Ltd.
197
10
11
12
13
14
89
90
91
92
93
Prime Islami Securities Ltd.

Ali Securities Co. Ltd.
Island Securities Ltd.
Islami Bank Securities Ltd.
Remons Investment & Securities Ltd.
104
105
106
107
108
168
169
170
171
172
Coast To Coast Securities Ltd.

Stock & Bond Limited.
Total Communication Ltd.
AB Securities Ltd.
Prilink Securities Ltd.
198
199
200
201
202
16
94
Unique Share Management Ltd.
109
173
NBL Securities Limited
203
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
37
38
41
42
43
44
45
46
47
48
49
50
51
52
53
54
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
Ettihad Securities Ltd.

Surma Securities Holding Co. Ltd.
Nouvelle Securities Ltd.
CMSL Securities Limited.
Ahmed Iqbal Hasan Securities Ltd.
Nabiul Karim Securities Ltd.
Murshed Securities Ltd.
A N F Management Company Ltd.
Saad Securities Ltd.
Dragon Securities Ltd.
Sheltech Brokerage Limited
SCL Securities Limited.
K-Securities and consultants ltd
Shahed Securities Limited
Rose Securities Ltd.
Dynamic Securities Consultants Ltd.
R N I Securities Ltd.
ICB Securities Trading Company Limited
Thea Securities Ltd.
Harpoon Securities Ltd.
LankaBangla Securities Ltd.
DSFM Securities Ltd
Moshihor Securities Ltd.
Kazi Equities Limited
Alliance Securities & Management Ltd.
Al-Haja Jahanara Securities Ltd.
ALOCO Securities Ltd.
Midway Securities Ltd.
K.H.B. Securities Ltd.
City Brokerage Limited
Cosmopolitan Traders (Pvt) Ltd.
Joytun Securities Intl. Ltd.
Shakil Rizvi Stock Limited
Bali Securities Ltd.
110
111
112
113
114
115
116
117
118
119
120
121
122
123
125
126
128
129
130
131
132
133
134
135
136
137
138
139
142
143
145
146
148
149
153
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
Securities Broking & Management Services Ltd.
Mona Financial Consultancy & Securities Ltd.
AFC CAPITAL LIMITED
180
181
182
183
184
185
186
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
Synthia Securities Ltd.

Modern Equity Limited
United Enterprises & Co. Ltd.
Oshadhi Securities Ltd.
Mondol Securities Ltd.
Wifang Securities Ltd.
AD Holdings Limited
Pubali Bank Securities Limited.
Mika Securities Ltd.
Sharp Securities Limited
Rasti Securities Consultant Ltd.
BRB Securities Ltd.
A. L. Securities Ltd.
Mercantile Bank Securities Limited
Shohrab Securities & Trade Ltd.
Fareast Stocks & Bonds Ltd.
United Financial Trading Co. Ltd
Modern Securities Ltd.
Expo Traders Ltd.
Akij Securities Ltd.
Popular Life Insurance Company Ltd.
Shahjalal Islami Bank Securities Ltd.
AIBL Capital Market Services Ltd.
PHP Stocks & Securities Ltd.
Premier Bank Securities Ltd.
Bank Asia Securities Limited
IIDFC Securities Limited
Dhaka Securities Ltd
A N W Securities Ltd.
One Securities Ltd.
Trust Bank Securities Ltd.
DLIC Securities Ltd.
NLI Securities Ltd.
BD Sunlife Securities Ltd.
Sterling Stocks & Securities Ltd.
Shahiq Securities Ltd.(Shanta Securities
Limited)
Transcon Securities Ltd.
Banco Securities Limited
Prudential Securities Limited
Royal Green Securities Limited
204
206
207
208
209
210
213
214
215
216
217
220
222
224
225
226
227
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
248
249
39
55
63
73
77
Latif Securities Ltd.
80
A B S Safdar & Co. Ltd.

Doha Securities Limited
Hedayetullah Securities Ltd
Fortune Securities (Pvt.) Ltd.
AHC Securities Limited
Bangladesh Shilpa Bank
Khurshid Alam Securities Limited
Fareast Islami Securities Limited.
Beximco Securities Limited
Salam & Company Limited
A. M. Securities and Financial Services
Limited
Nexus Securities Limited
Prime Bank Securities Limited.
Treasure Securities Ltd
Mirror Financial Management Ltd.
Conmark Limited
124
127
140
147
151
152
167
170
178
190
Meghna Life Securities and Investment Ltd
245
Rupali Bank Securities Limited

Uttara Bank Securities Limited
246
250
205
218
219
221
223
228
Page | 162
CSE STOCKBROKERS
Sl.
No.
1 Alpha Securities Ltd.
2 ISPI Securities Ltd.
3 Meenhar Securities Ltd.
4 South Asia Securities Ltd.
5 Island Securities Ltd.
6 Chittagong Capital Ltd.
7 British Bengal Securities Ltd.
8 Saya Securities Ltd.
9 First Capital Securities Ltd.
10 BRAC EPL Stock Brokerage Ltd.
11 Stock & Security Linkway Ltd.
12 UCB Capital Management Ltd
13 Adams Securities Ltd.
14 North West Securities Ltd.
15 EBL Securities Ltd.
16 Salta Capital Ltd.
17 Azim Securities Ltd.
18 Uttara Exchange & Securities Ltd.
19 Sylhet Metro City Securities Ltd.
20 Be Rich Ltd.
21 RAK Capital Ltd.
22 Nizams Shares & Securities Ltd.
23 PHP Stocks & Securities Ltd.
24 A.A. Securities Ltd.
25 Sylnet Securities Ltd.
26 Pioneer Shares & Securities Ltd.
27 Vanguard Shares & Securities Ltd.
28 Hillcity Securities Ltd.
29 S.R. Capital Ltd.
30 Base Capital Ltd.
31 Remons Investment & Securities Ltd.
32 United Financial Trading Co. Ltd.
33 3A & Company Ltd.
34 ZATL Securities Ltd.
35 Hefazatur Rahman & Co. Ltd.
36 Kishwar Security Investment Ltd.
37 Impel Shares & Securities Ltd.
38 Mirpur Securities Ltd.
39 E-Securities Ltd.
40 Royal Capital Ltd.
41 Prime Financial Consultants & Equities Ltd.
42 Kabir Securities Ltd.
43 Eastern Shares & Securities Ltd.
44 Reliance Securities Consultant Ltd.
45 Chittagong Shares & Securities Ltd.
46 CMSL Securities Ltd.
47 Prudential Capital Ltd.
48 Associated Capital Securities Ltd.
49 Platinum Securities Ltd.
50 Finvest Services Ltd.
51 Super Shares & Securities Ltd.
52 T.K. Shares & Securities Ltd.
53 Ahmed Securities Services Ltd.
54 Chowdhury Securities Ltd.
55 Raja Securities Ltd.
56 Sohel Securities Ltd.
57 Century Securities Ltd.
58 International Leasing Securities Limited
59 DBL Securities Ltd.
60 UniCap Securities Limited
61 Abacus Securities Ltd.
62 Skys Securities Ltd.
63 Galaxy Capital Ltd
64 A M Securities and Financial Services Ltd.
65 Purabi Securities Ltd.
66 Reliance Brokerage Services Ltd.
67 D.N. Securities Ltd.
68 LankaBangla Securities Ltd.
69 Square Securities Management Ltd.
70 Holy City Securities Ltd.
71 Inter-Continental Securities Ltd.
72 PFI Securities Ltd.
73 International Securities Co. Ltd.
74 Multi Securities & Services Ltd.
75 EIC Securities Ltd.
76 Ten Stars (Pvt.) Ltd.
77 Mona Financial Consultancy & Securities Ltd.
78 Pubali Bank Securities Ltd.
79 N.C. Securities Ltd.
Issue Managers :
TREC
Sl. No.
No.
001
80
002
81
003
82
004
83
005
84
006
85
008
86
010
87
011
88
013
89
014
90
015
91
016
92
019
93
021
94
022
95
023
96
024
97
025
98
027
99
028
100
029
101
031
102
032
103
033
104
034
105
036
106
037
107
038
108
040
109
042
110
043
111
044
112
045
046
047
049
050
052
053
055
056
058
059
060
061
062
063
064
066
067
069
070
073
074
076
079
080
081
082
083
084
085
086
087
088
089
091
092
093
094
095
096
097
098
100
103
105
107
AFC CAPITAL LIMITED

Moharam Securities Ltd.
Sanmar Capital Management Ltd.
Starport Securities Ltd.
Lotus Shares & Securities Ltd.
Cordial Securities Ltd.
Hassan Shares & Securities Ltd.
Vantage Securities Ltd.
Megacity Securities Ltd.
Hallmark Securities Ltd.
IDLC Securities Ltd.
Western Security Investment Mgt. Ltd.
Firstlead Securities Ltd.
Far East Shares & Securities Ltd.
S. N. Securities Ltd.
Amin Securities & Consultants Ltd.
Muntaha Shares & Capital Ltd.
Green Delta Securities Ltd.
Phoenix Securities Ltd.
NCCB Securities and Financial Services Ltd.
City Brokerage Ltd.
Shahjalal Islami Bank Securities Ltd.
Popular Life Insurance Company Ltd.
Premier Leasing Securities Ltd.
Fareast Stocks & Bonds Ltd.
AIBL Capital Market Services Ltd.
SIBL Securities Ltd.
Prime Islami Securities Ltd.
Islami Bank Securities Ltd.
Jamuna Bank Securities Ltd.
One Securities Ltd.
Habib Shares & Securities Ltd.
Jalabad Securities Limited
Jesco Capital Management Ltd.
TREC
No.
108
109
110
112
113
114
115
116
117
119
120
122
123
125
128
129
130
131
132
133
134
135
136
138
139
142
145
146
147
148
054
104
121
Page | 163

Sl. No.
Merchant Banker Name
M. Bank Sl. No.
1 AAA Finance & Investment Limited.
001
2 AB Investment Limited
002
3 AFC Capital Ltd.
003
4 AIBL Capital Management Ltd.
004
5 Alpha Capital Management Ltd.
005
6 BD Finance Capital Holdings Limited
006
7 BLI Capital Limited
007
8 BMSL Investment Ltd.
008
9 BRAC EPL Investments Limited
009
10 City Bank Capital Resources Ltd.
010
11 EBL Investments Ltd.
011
12 EC Securities Limited
012
13 EXIM Islami Investment Ltd.
013
14 FAS Capital Management Ltd.
014
15 First Securities Services Ltd.
015
16 First Security Islami Capital & Investments Ltd.
016
17 Grameen Capital Management Ltd.
017
18 Green Delta Capital Ltd.
018
19 ICB Capital Management Ltd.
019
20 IDLC Investments Ltd.
020
21 IIDFC Capital Ltd.
021
22 IL Capital Ltd.
022
23 Imperial Capital Limited
023
24 Jamuna Bank Capital Management Ltd.
024
25 Janata Capital and Investment Ltd.
025
26 LankaBangla Investments Ltd.
026
27 MTB Capital Ltd.
027
28 PLFS Investments Ltd.
028
29 Prime Bank Investment Ltd.
029
30 Prime Finance Capital Management Ltd.
030
31 Rupali Investment Ltd.
031
32 SBL Capital Management Ltd.
032
33 Sonali Investment Ltd.
033
34 Southeast Bank Capital Services Ltd.
034
35 Swadesh Investment Management Limited
035
36 Trust Bank Investment Limited
036
37 UniCap Investments Limited
037
38 Uttara Finance and Investment Ltd.
038
39 Agrani Equity & Investment Limited
039
40 Banco Finance and Investment Limited
040
41 BetaOne Investments Limited
041
42 CAPM Advisory Limited
042
43 GSP Investments Limited
043
44 RACE Portfolio & Issue Management Limited
044
45 Royal Green Capital Market Limited
045
Issue Managers :
AFC CAPITAL LIMITED
Page | 164

" , "
APPLICATION FOR PUBLIC ISSUE

Date:
Page | 165
Name of applicant
Client Code
BO ID No.
Category of applicant
Name of the Company
Number of Shares
: . Shares of Tk. each
Total amount in Tk.
Amount in word
Applicants
Issue Managers :
AFC CAPITAL LIMITED
Authorized Officer

Prospectus of Simtex Industries Limited

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Prospectus of Simtex Industries Limited

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Sadharan Bima Tower (7th Floor),

AIBL Capital Management Limited Swadesh Investment Management Limited

Suite 01, Level 11, Unique Trade Center,

NBL Capital and Equity Management Limited

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED

: AFC Capital Limited

: Letter of allotment for shares

: Bangladesh Securities and Exchange

: Dhaka Stock Exchange Limited

: Registered Office of SIL

: Reliance Finance Limited

: Registrar of Joint Stock

: Simtex Industries Limited

: Foreign Currency Account

: The Government of Peoples Republic of

AFC CAPITAL LIMITED

: Price of the securities of

: Net Asset Value of the

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED

The Prospectus of the Company shall be available at the following addresses:

Khagan, Birulia, Savar, Dhaka-1341.

Ashis Kumar Saha

Mahbub H. Mazumdar FCMA

Md. Sayadur Rahman

AIBL CAPITAL MANAGEMENT LIMITED

Peoples Insurance Bhaban (7th Floor),

Suite 01, Level 11, Unique Trade Center, 8

Printers Building (8th Floor),

9/F Motijheel C/A, Dhaka-1000

Md. Golam Sarwar Bhuiyan

Tel: +88-02-58957103-4, +88-02-7914035

Tel: +88-02-9564601-7; +88-02-9666944-8

Tel: +88-02-714632-3; +88-02-720871-3

CHITTAGONG STOCK EXCHANGE LTD. (CSE)

CSE Building 1080 SK Mujib Road, Agrabad

AHMED ZAKER & CO.

45, Shaheed Syed Nazrul Islam Road

AFC CAPITAL LIMITED

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED

AFC CAPITAL LIMITED

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED

SECTION VII: PLAN OF OPERATION AND DISCUSSION OF FINANCIAL CONDITION

Auditors certificate regarding allotment of shares to Promoters or Sponsor Shareholders for

AFC CAPITAL LIMITED

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED

SECTION XII: OPTIONS GRANTED TO DIRECTORS, OFFICERS AND EMPLOYEES

Transaction with the Directors and Subscribers to the Memorandum

Auditor's certificate regarding calculation of EPS and Ratios

AFC CAPITAL LIMITED

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED

SECTION XXV: APPLICATION FOR SUBSCRIPTION

AFC CAPITAL LIMITED

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED

AFC CAPITAL LIMITED

IMPERIAL CAPITAL LIMITED

SIMTEX INDUSTRIES LIMITED