Mizan Islam & Co.

Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2021.

Amount In BDT Amount In BDT

PARTICULARS NOTES 30 June, 2021 30 June, 2020
Assets
Non- current assets Sch-A
Fixed assets 519,500 395,000
(at cost less accumulated depreciation)

Current Assets
Advance, Deposit & Prepayments 3.00 - 300,000
Cash & Cash Equivalents 4.00 630,931 633,202
Total Assets 1,150,431 1,328,202

Equity and Liability

Capital 5.00 1,630,089 1,630,089
Retained earnings 6.00 (452,159) (306,888)
Current Liabilities
Trade & Other Payable 7.00 - -
Provision for Expenses 8.00 - -
Provision for Income Tax 9.00 - -
Total Equity and Liability 1,177,931 1,323,202

These accounts should be read in conjunction with the accompanying notes, which constitute an integral
part thereof.

Managing Director Chairman

Signed in terms of our separate report of even date.
Mizan Islam & Co.
Chartered Accountants

Dated: Dhaka Shaikh Mamunur Rashid FCA

16 July, 2022 Partner/Enrollment No-1432

4
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2021
AMOUNT IN BDT
PARTICULARS NOTES
30 June, 2021

Revenue 10.00 3,540,000

Purchase 2,217,738
Less- Operating Expenses 11.00 -

Gross Profit /(Loss) 1,322,262

Less- Administrative Expenses 12.00 1,468,054

Less- Bank Charge 13.00 521

Less-Refund To Party -
1,468,575
Net Profit (146,313)

These accounts should be read in conjunction with the accompanying notes, which constitute an integral
part thereof.

Managing Director Chairman

Signed in terms of our separate report of even date.

Mizan Islam & Co.
Chartered Accountants

Dated: Dhaka Shaikh Mamunur Rashid FCA

16 July, 2022 Partner/Enrollment No-1432

5
 Mizan Islam & Co.
Chartered Accountants

-1230
ME

AMOUNT IN BDT
June 30, 2020

306,930
260,890
-

46,040

352,247

4,320

-
347,927
(301,887)

tes, which constitute an integral

Chairman

Mizan Islam & Co.

Chartered Accountants

h Mamunur Rashid FCA

ner/Enrollment No-1432

5
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
STATEMENT OF CHANGES IN EQUITY
For the year ended June 30, 2021
Paid Up Retained
Particulars Total
Capital Earnings
Balance as on July 01, 2020 1,600,000 1,293,113 2,893,113
Net profit for the year (146,313) (146,313)
Less:Dividend Paid during the year - - -
Balance as on June 30, 2021 1,600,000 1,146,800 2,746,800

Paid Up Retained
Particulars Total
Capital Earnings
Balance as on July 01, 2019 - 1,600,000 1,600,000
Net profit for the year - (306,888) (306,888)
Less:Dividend Paid during the year - - -
Balance as on June 30, 2020 - 1,293,113 1,293,113

These accounts should be read in conjunction with the accompanying notes, which constitute an integral
part thereof.

Managing Director Chairman

Signed in terms of our separate report of even date.
Mizan Islam & Co.
Chartered Accountants

Dated: Dhaka Shaikh Mamunur Rashid FCA

16 July, 2022 Partner/Enrollment No-1432

6
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
Statement of Cash Flows Accounts
For the year ended June 30, 2021
AMOUNT IN BDT AMOUNT IN BDT
Particulars
June 30, 2021 June 30, 2020
A. Cash Flows from Operating Activities:
Cash Received from Customers (146,313) (301,887)
Purchase 130,500 60,000
- -
Operating expense Paid - -
Administrative expense Paid - -
Finance cost - -
Net cash flow from operating activities - -

B. Cash Flows from Investing Activities:

Purchase of Property, Plant & Equipment
Advance, Deposit & Prepayments decrase
Advance, Deposit & Prepayments Increase

Trade & Other Payable

Provision for Expenses
Provision for Income Tax
Depreciation
Net cash used investing activities

C. Cash Flows from Financing Activities:

Paidup Capital
Dividend
Net cash flow from financing activities

Net Increase/ (Decrease) in Cash & Cash Equivalents(A+B+C)

Cash & Cash Equivalents at the beginning of the year

Cash & Cash Equivalents at the end of the year

The above balance consists of the following:

Cash in hand
Cash in bank

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

Managing Director Chairman

Signed in terms of our report of same date annexed
Mizan Islam & Co.
Chartered Accountants

Dated: Dhaka Shaikh Mamunur Rashid FCA

16 July, 2022 Partner/Enrollment No-1432

7
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
Notes to the Financial Statements
For the year ended 30 June 2021

AMOUNT IN BDT AMOUNT IN BDT

Particulars
30 June, 2021 30 June, 2020
3.00 Advance, Deposit & Prepayments
Advance paid to party - 300,000
- 300,000
650,000
4.00 Cash & Cash Equivalents
Cash in Hand 33,776 64,503
Cash in Bank & Others 597,155 568,699
630,931 633,202

5.00 Capital
Authorized Capital : Tk. 5,00,00,000/-
6,25,000 Ordinary Shares of Tk:80 each.
Share Capital (20000*80) 1,600,000 1,600,000
Aditional 30,089 30,089
1,630,089 1,630,089

6.00 Retained earing

Opening Balance (306,888) -
Add- Net Profit (145,271) (306,888)
Less- Adjustment - -
(452,159) (306,888)
7.00 Trade & Other Payable
Varies Party - -
- -

8.00 Provision for Expenses

Sundry Creditors - -
- -

10
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
Notes to the Financial Statements
For the year ended 30 June 2021

9.00 Provision for Income Tax

Opening - -
Add- During the Year - -
- -
Less- Adjustment - -
- -

10.00 Revenue (Sales)

This amount has been arrived at as follows :

Revenue 3,540,000 306,930
3,540,000 306,930

11.00 Operating Expenses

Salary (Wages) - -
Travelling & Conveyance - -
- -

12.00 Administrative Expenses

Salary 1,260,700 120,000
Utilitie Bill 15,800 1,675
Travelling and Conveyance 8,754 3,578
Office Rent 60,000 60,000
Entertainment 22,800 2,974
Lisence Renewal & Registration 28,500 23,240
Office Maintenance - 5,176
Stationary 6,500 6,146
Net Bill 12,000 12,000
Miscellaneous - 62,458
Audit Fee 5,000 -
Depreciation 48,000 55,000
1,468,054 352,247
13.00 Finance Cost
Bank Charge 521 4,320
521 4,320

11
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
Notes to the Financial Statements
For the Year ended 30 June, 2021

1.00 Reporting Entity

1.01 About the Company

Man Aviation Ltd. is incorporated as private limited companies in Bangladesh having

its registered office in Bangladesh as on 28 March 2019 with incorporation number
C-150962/2019 under the companies act 1994.
1.02 Nature of Business

To carry on business activities in the field of distributer & Impoter business and
outside of Bangladesh.
2.00 Basis of Preparation of Financial Statements

2.01 Basis of Measurement

The financial statements have been prepared on the historical on cost basis. The

financial statements, therefore, do not take into consideration the effect of inflation.

2.02 Statement of Compliance

The financial statements have been prepared in compliance with the requirements of
the Companies Act, 1994 and other relevant local laws as applicable and in
accordance with International Accounting Standards (IAS’s), International Financial
Reporting Standards (IFRS’s) Bangladesh Accounting Standards (BAS’s) and
Bangladesh Financial Reporting Standards (BFRS’s).
2.03 Presentation of Financial Statements
The presentation of these financial statements is in accordance with the guidelines
provided by BAS 1: Presentation of Financial Statements.
The financial statements comprise:
(a) Statement of Financial Position as at 30 June 2021;
(b) Statement of profit or loss and other comprehensive income for the period ended
30
(c) June 2021 of changes in Equity for the period ended 30 June 2021
Statement
(d) Statement of Cash Flows for the period ended 30 June 2021; and
(e) Notes to financial statements, comprising summary of significant accounting
policies and explanatory information
2.04 Other regulatory compliance
As required, PRAUD Ltd. also complies with the following major regulatory provisions

in addition to the Companies Act 1994 and other applicable laws and regulations:
(a) The Income Tax Ordinance 1984
(b) The Income Tax Rules 1984
2.05 Reporting Period
The financial statements cover the period from 01 July, 2020 to 30 June, 2021.

8
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
Notes to the Financial Statements
For the Year ended 30 June, 2021
2.06 Functional and Presentation Currency
The financial statements are prepared and presented in Bangladesh Currency (Taka),
which is the company’s functional currency.

9
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
Notes to the Financial Statements
For the Year ended 30 June, 2021

2.07 Use of Estimates and Judgments

The preparation of financial statements in conformity with the BFRSs including BASs
require management to make judgments, estimates and assumptions that affect the
application of accounting policies and the reported amounts of assets, liabilities that
require disclosure, during and at the date of the financial statements.
Actual results may differ from these estimates. Estimates and underlying assumptions
are reviewed on an ongoing basis. Any revision of accounting estimates is recognized
in the period in which the estimates are revised and in any future periods affected.

In particular, the key areas of estimation, uncertainty and critical judgments in

applying accounting policies that have the most significant effect on the amounts
recognized in the financial statements include depreciation, inventory valuation,
accrued expenses and other payables.
3.00 Significant Accounting Policies
The accounting principles and policies in respect of material items of financial
statements set out below have been applied consistently to all periods presented in
these financial statements.
3.01 Cash and Cash Equivalents
Cash and cash equivalents include cash in hand and with banks on current and
deposit accounts which are held and available for use by the company without any
restriction. There is insignificant risk of change in value of the same.
3.02 Provisions
A provision is recognized in the statement of financial position when the company has
a legal or constructive obligation as a result of a past event, it is probable that an
outflow of economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. Provision is ordinarily
measured at the best estimate of the expenditure required to settle the present
obligation at the date of statement of financial position. Where the effect of time
value of money is material, the amount of provision is measured at the present value
of the expenditures expected to be required to settle the obligation.

3.03 Events after Reporting Period

Events after the reporting period that provide additional information about the
company’s position at the date of Statement of Financial Position are reflected in the
financial Statements. Events after reporting period that are not adjusting events are
disclosed in the notes when material.
3.04 General
Figures have been rounded off to the nearest taka.
Previous years Figures have been re-arranged whenever necessary.

10
 Mizan Islam & Co.
Chartered Accountants

Alfa Dyestuff Industries Limited

House-5, Road-2, Sector-11, Uttara, Dhaka-1230
SCHEDULE OF FIXED ASSETS AS AT 30 JUNE 2021.

"Annexure - A"

Written Down Addition Charged Adjust Written Down

Total as at Rate Balance as at Total as at
PARTICULARS value as at during for ment value as at

01 July. 2020 the year 30 June. 2021 01 July. 2020 the year 30 June. 2021 30 June. 2021

Furniture &
250,000 50,000 300,000 10% 25,000 27,500 - 52,500 247,500
Fixture

Office Equipment 200,000 150,000 350,000 15% 30,000 48,000 - 78,000 272,000

Total 450,000 200,000 650,000 55,000 75,500 - 130,500 519,500

12
 Net Bill
1st July 2019 To 30 JUNE 2020.

Month Discription Taka

Jul-19 Net Bill 1,000.00
Aug-19 Net Bill 1,000.00
Sep-19 Net Bill 1,000.00
Oct-19 Net Bill 1,000.00
Nov-19 Net Bill 1,000.00
Dec-19 Net Bill 1,000.00
Jan-20 Net Bill 1,000.00
Feb-20 Net Bill 1,000.00
Mar-20 Net Bill 1,000.00
Apr-20 Net Bill 1,000.00
May-20 Net Bill 1,000.00
Jun-20 Net Bill 1,000.00
Total 12,000.00

In Word: Twelve thousand only.

Prepared By
 Bank Reconslation

Deposite Dhaka Bank

A/c No- 2041090000204 1,955,743.00
A/c No- 2041000019050 6,086,564.00

Total Received 8,042,307.00

Less Frieght Bill Payment 7,238,076.30

Total Trun Over / Commission Business 804,230.70

 Salary
STATEMENT OF FINANCIAL POSITION
1st July 2019 To 30 JUNE 2020.

SI Name Designation Gross Salary Bnous Total Salary Yearly

1 Nadim Ahmed Managing Director 792,000.00 80,000.00 872,000.00

2 Arshad Executive 14500*12=174000 29,500.00 203,500.00

3 Taru Executive 14500*12=174000 29,500.00 203,500.00

4 Lina Accounant 14500*12=174000 29,000.00 203,500.00

5 Rahul Executive 14500*12=174000 29,000.00 203,500.00

6 Saddam Office Boy 10000*12=120000 20,000.00 140,000.00

7 Limon Daily Basis 210,000.00 210,000.00

8 Tomal Daily Basis 210,000.00 210,000.00

9 Dipu Daily Basis 180,000.00 180,000.00

10 Kadir Daily Basis 195,000.00 195,000.00

11 Mamun Daily Basis 210,000.00 210,000.00

12 Babu Daily Basis 210,000.00 210,000.00

13 kamal Daily Basis 129,000.00 129,000.00

Total Salary 3,170,000.00

In Word : Thirty one Lac seventy thousend only.

Prepared By