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    12 views82 pages

    Annual Report 2015 2016 PDF

    Uploaded by

    Sajjad

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    © All Rights Reserved
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    ANNUAL REPORT 2015-2016 CONTENTS Contents Page Corporate Information Corporate Historical & Financial Highlights Profile of Board of Directors ‘Message from the Chairman Notice of 34th Annual General Meeting Directors Report ‘Audit Committee's Report Comporate Governance Report Certificate on Compliance of Conditions of Corporate Govemance Guidelines Certificate by CEO & CFO on Financial Statements ‘Auditors’ Report Statement of Financial Position Statement Profit & Loss and other Comprehensive Income Statement of Cash Flows Statement of Changes in Equity Notes & Schedules on Financial Statements ‘Some Photographs of WATA Chemicals Ltd Oa ANNUAL REPORT 2015-2016 Board of Directors: = | . of Corporate Information Chairman . a Me. iftkhorUe-zeman (Managing Director- ICB) © Managing Director/CEO: ted. Nozr Islam Directors: e ALHM, Abdullah Chemical Engineer (BUET) aie committe: Mr, Subrata Pal- FCMA, Independent Director Chairman Audit Committee e Mr. Md. Mahmudul Hasan Independent Director: Mr. Subrata Pal- FMA Me Ast, Abdullah Director Statutory Auditor: Member of Audit Committee Me. A.M.M. Zeaul Haq Rehman Mostafa Alam & Co. 65/2/1, Box Culvert Road Purana Paltan Dhaka-1000, Bangladesh, Mr AM.M. Zeaul Haq, © independent Director Member of Audit Committee Company Secretary: Principal Bankers: Mr. Shamsul Hug @ WS. Agrani Bank Le. Principal Branch Motiheel C/A, Dhaka. Chief Financial officer: @ i. ma, Alnsan Legal Advisor: General Manger: Sekander Ali & Associates Mr, Abu Taher Bhuiyan ‘TMC Bhabon, New Eskaton Road haka-1000. Deputy General Manger: @ Kapil Mukhopadhaya Credit Rating agency: M/S. Emerging Credit Rating Limited ‘Shams Rangs, House 104, Park Road Level-Al & Level-A2, Baridhara, Dhaka-1212 Head of Internal Audit: Umme Fatematuz Zohura Manager Accounts: e Registered Head Office: Md. Milan Hossain 17/8, Monipuripara (3rd Floor) Sangshad Avenue, Dhaka-1215 Commercial Manager: Mr. Mohammad Ali Head of Marketing: Mrs. Khairunnessa Anney Factory: ‘Murapara, Rupgony, Narayangon}. Production Manager: @ phon Mr. Babul Das 58152001, 58155206 ‘Accounts Officer: cont Mr. Md, Abdul Hakim ++880-2-5855091 Mr. Tapos Chandra Sarkar Wet citer © wwwrw.watachemical.com © E-mail: $ watachemicals@gmail.com ED 2015-2016 “ST cwemicace LintitES CORPORATE HISTORICAL & FINANCIAL HIGHLIGHTS Cease ee ssa sees SS CORPORATE HISTORICAL HIGHLIGHTS: Fee recom that ey eerie: of tsebshmentf up A Pane road Fl aged omer roton Aan 8) “a conrerial educonn dines Pat a cm che eae a Conmeri Pouconin 84 Pat = ee ar sr seer Ee chee fen, Faso org ot uishre - elation somes coe a talc th sok hang: Dhak ck Beare tn /- ier ne eng a ‘ Used wth ental epost Sagas Ea orn Reht ne om i cei | sonuSae sued a5 on ee remains = PP icocaces e dams Soe ued 0 es ‘CORPORATE FINANCIAL HIGHLIGHTS AS ON 30.06.2016 tere cata TK c0Cee sue, Sustied an Pid ana ho7socrre Pegrtieriexared me) tain vam Theater fee tesrcocee fit abana rere ane CORPORATE OPERATIONAL RESULTS OF LAST 5 YEARS unas aoe | moe) atts | ame | aos | aoe | ant re ae (case rece eed eee rece eee) hirnver {S1406,73) 15263400 90186775 2825967811 98508068 52.595,86 78689 ors Prot 115258030] 4.779676 95407354 57947603 123005767, eaassam| a... [Net Profit Before Tax 55,684,582} 18,401,401, 37,283,181, 40,064,552| 77,369,705, 21,487,030 12,982,095 IecPotterTa——_47.974260) 638,885 _602575 _ seseeare) 75,978,768 tno." 225670 id xa 18875000 78575000, 78875260, 6.18000 4860000 «0500000 40300400 ace oe] 207 [sorterawccsierawey) aril asia omens ronstoxesoecmn(rono) — ™*SK4 seu eioc) aan ec) | 126 (C) 2015-206 WATA CHEMICALS LIMITED Profile of Board of Directors ANNUAL REPORT 2015 - 2016 ee 7015-7016 SE awe oh ° MR. MD. IFTIKHAR-UZ-ZAMAN ° CHAIRMAN x ‘ici ite Zan onsing Dincor ofnsoaneCoeraono Bangladesh 08 isthe Chman of our of Deco hs Company. e eas been omit by C8, Bis tno pute, shrholer o s company, MD. NAZRUL ISLAM MANAGING DIRECTOR & CEO e Me Mal Nazrl slam, son of ate Aha) Shakhawat Hossain and Late Matin Nessa, is» reputed businessman. He has wide Experience in Management of Chemical Industry, Construction & Survey Fm and import businesses e He is alzo Vie Charman of Board of “Teste ofSakawatH. Memorial Ts having under it ferent educational ‘organizations named SM. Insitute of Medical ‘Technology & MATS, Sokawet Hi. Memorial Nursing Colege. He has also established ‘Autism Centre to. bring Autiste Children inthe main steam ofsocey. He has traveled ferent counties of the World fr business development purpose Df! WkMicacs cimireo MD. A. M. M. ZEAUL HAQ ® INDEPENDENT DIRECTOR * Wc Ma AM, eat Haas an Independent Director ofthe Boa of tector of the Company. He was General Manager of Bangladesh e Development Bank Utd. He had been in-charge of ferent Banking Dison during his tenure of seve with BOL Me Hag is astacatee with diferent Saco Catal ane Sports Organizations He is writers e cf eilernt hook on Banking ane ia 1 ae 2015-2016 a; MR. SUBRATA PAL -FCMA INDEPENDENT DIRECTOR Mr, Subrata Pal. FOMA is an Independent Director of the ‘compary.Hehasbeen appointed to ‘comply with prevaling BSEC Notification Corporate Governance ‘Guide Lines Helsa Cost Management ‘Accountant from institute of Cast of Management Accountants of Bangladesh and obtained Associate Membership (ACMA) in 1985 and Fellow Membership (FCMA) in 1990. He worked as Accountant in charge ‘at Mohammadi ron & Stee! Works ud, Husain Indus id, Bangladesh Stee! & Engineering Corporation ‘and 0s an consultants at Amit Footwear Ltd, Noman Group of Industies and assoclated with ferent Costs & Management ‘Accounting Fms. w CHEMICALS LIMIT tb — 5 MR. A.H.M. ABDULLAH & - DIRECTOR S TT a Absutah 2 Diector ofthe Company. He i BS. In Chemist Engineering from BUET, Dhaa. He has wid experience on Technology e of Cheri the Proprietor of NS Chemical Trading Co. & Sabu) Biplob Super Market. Hei also engaged in social work and has established » Hospital, ‘huts Centre, Medical Assistant e Training School, Nursing College at ‘Salgonj for poor people of that Plantfindusties. He is MR. MD. MAHMUDUL HASAN DIRECTOR Ma, Mahmudul Hasan isa Directorof ‘the Company. He has completed 8A (Hon’) in English, HSC from Notre e Dame Collage, Dhaka, SSC from Dhaka Residential Model School & College and Engaged with foreign correspondences relating to procurement & Import of Chemical Raw Materials, He Is 2 Trustee of SakhawatH Memorial rust 205-206 ee |) WitMicace vimireo —________+, ef message From The Chatrman fo as Dear share Holders, ‘Assalamu Alaikur, You all were informed that 34th Annual General Meeting of the Company scheduled to be held on 14th May 2016 had to be postponed to comply with section 9 of Finance Act’ 2015 and decisions of the Joint Meeting of Bangladesh Securities and exchange ‘Commission, Dhaka Stock Exchange, Chittagong Exchonge taken in its meeting dated 28.04.2016. To comply decision of the joint _meeting of BSEC, DSE & CSE the Financial Statement of Accounts of 18 months for perid from 01-01-2015 to 30-06-2016 have to be prepared and got audited duly. It.can be assured that our company has been maintaining uniformity in production and profit pattern. [tis olso hopeful that Compa- ‘ay Management has started implementation of BMRE of its project for Modernization existing plant, adding of new machineries to Increase production capacity. Management hopes that BMRE implementation shall be ended within August 2017. Simultaneously ‘Chemicals Engineers employed by the company have been working for finding out possibility of adding new value added products. | thank the Share Holders, Members of the Board of Directors, officers, stufs, workers at all evel ofthe company for their co-opera- tions forwards successful running of ll businesses ofthe company. Lom hopeful that Management shal be successful in promotion of business and profit of the company inthe days to come. | wish development of the Company, its prosperity and everything good for you all. Thanks to you al, (casas! ‘Ma. lfkhar-wz-Zoman Charman = ci RITA a

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