TABLE OF CONTENTS Corporate Profile 4 Business & Products 06 Notice of the 24th AGM 08 Chairperson’s Message 09 Directors'Report u Five Years Statistics 20 Key Performance Indicators a Cerificate frorn CEO & CFO 2 Cerificate from Professional Accountan B Corporate Governance Compliance Report es ‘Audit Committee Report 31 Nomination and Remuneration Comrnittee (NRC) Report 2 Auditors Report 4 Staternent of Financial PositionCORPORATE PHILOSOPHY VISION Our relentless endeavor is towards contributing to the national economic advancement in a global context by enhancing the country’s image as an international provider of quality products and services. ANNUAL REPORT 2018-2019 MISSION To strive hard to be a provider of world class textile and garment products and services and position the country in the higher value segment of the international textile market GOAL To satisfy the customers through technological superiority and synergic synchronization of man and machine tailoring quality products and services to harvest the reward of responsibilty. [ANLIMA YARN DYEING LIMITED[ANLIMA YARN DYEING LIMITED VALUES Anlima Yarn Dyeing Limited is committed to be a provider of world class textile products and services by offering Unrivalled quality and satisfying the customers. The company is continuously striving hard to dye yarn as per international standard by reducing the processing time, delivery lead time and re-dyeing rate. The company also endeavors to make optimum use of dyes and chemicals by reducing wastage and process loss. The company is committed to avoid use of dyes and chemicals that are health hazard and harmful for the mankind and environment. In the process the company will ensure required training to enhance productivity and skill of its human resources. The company will review its performance periodically and take measures to continuously improve quality, work environment and employee satisfaction, QUALITY POLICY Tocreate better future for the stakeholders maintaining high standards of integrity, propriety and goodwill in shouldering social respon sibilities. Toassimilate efficient, innovative and state-of-the-art technology for developing operational infrastructure and toestablish linkages and integrations. To foster conducive environment to groom-up productive talents and to build up mutually rewarding relationships with employees, dients and the society based on the highest standard of professionalism, ANNUAL REPORT 2018-2019CORPORATE PROFILE Corporate Office: Suite # 4/3, City Heart, 67 Naya Paltan Dhaka-1000, Bangladesh Ph, +880-2-49349881-4, 9341373, 48317216 Fax: +880-2-48317184 E-mail: info@anlima.com Web: wwwanlima.com Factory: Karnapara, Savar, Dhaka-1340, Bangladesh Phone +880-2-7745007, 7746095, 7745009 Fax: +880-2-7748614, 7746095 E-mail: operation@anlima.com Web: wwwaanlima.com ANNUAL REPORT 2018-2019 Company Information Year of Incorporation Commercial Operation Product Line Authorized Capital Paid-up Capital Number of Shareholders Stock Exchange Listings Member of Association Trade Body Membership Number of Employees Sister Concerns Name of the company Anlima Textile Limited Allied Enterprise (Pvt) Ltd ‘Anlima Buildtech Limited Precision Energy Limited ‘Anlima Energy Limited 24th October 1995 30th March 1998 Yarn Dyeing Services, Sewing Thread Tk. 200,000,000 Tk. 178,678,000 4,604 (As on 30th June, 2019) Dhaka Stock Exchange Limited Chittagong Stock Exchange Limited Bangladesh Association of Publicly Listed Companies Bangladesh Textile Mills Association Dhaka Chamber of Commerce and Industry 264 Type of business 100% export oriented knitting, dyeing, finishing and garments manufacturing composite unit. Developer of commercial buildings and complexes. Developer of residential apartments. Power Generation. Power Generation (Under implementation) [ANLIMA YARN DYEING LIMITEDANLIMA YARN DYEING LIMITED Audit Committee Sl.No. Name 1 Mr Md. Khurshed Hossain (Indipendent Director) Mrs, Hubbun Nahar Hoque Mrs. Aniqa Haque Mr M, Abul Kalam Mazumdar (CFO) Mr. M. Jahangir Alam Board of Directors Sl.No, Name 1 Mrs. Hubbun Nahar Hoque 2. Mr Mahmudul Hoque 3 Mrs, Aniga Haque 4 Mr. AlwiM Haque 5. Mr. Md. Khurshed Hossain Management Team SI.No. Name 1 Mr. Mahmudul Hoque 2. Mr.M. Abul Kalam Mazumdar 3. MrASM.Jubaer 4 Mr. Md. Nurrul islam 5 Mt. Mizanur Rahman Chowdhury 6 Mr.M.Jahangir Alam Auditor Fames & Company Secretary M. Jahangir Alam Designation Chairman Member Member Member Company Secretary Designation Chairperson Managing Director Director Director Independent Director Designation Managing Director Chief Financial Officer Vice President (Production) Vice President (Maintenance) First Asstt. Vice President (Marketing) Company Secretary Chartered Accountants ANNUAL REPORT 2018-2019COMPANY'S BUSINESS & PRODUCTS ANNUAL REPORT 2018-2019 The Business Anlima Yarn Dyeing Limited (AYDL) was incorporated in 1995 as a private limited company and set up a yarn dyeing plant equipped with latest state-of-the-art technology from Europe. It got listed in Dhaka and Chittagong stock exchanges through IPO in 1997. The company provides international quality cotton, polyester and filament yarn dyeing services and enjoys reputation as one of the best yam dyeing houses in the country catering to the higher value export market need. Currently AYDL is capable of dyeing all types of yarn for country’s export oriented knitting and weaving industry and supplying polyester sewing thread to export oriented garments factories. Products The company's product line consists of: + Yarn Dyeing Service - for various types of cotton and blended yarn used by woven and knit textile factories. ‘¢ Sewing Thread - for use by garments industries under the brand name"AN Thread’ The specification of the company's products are: Yarn Dyeing Service 4 ISO/AATCC/BSTI Standard. ¢ Environment friendly echo-soft dyes and chemicals. ‘¢ Moisture Content: Cotton 6-7%, PC 4%, CVC 5%, Polyester 0.5-0.7%. + Process-weight loss: Cotton - white 5%, colored 39%, TC/CVC - white 4%, colored 2%, Polyester 19. Sewing Thread 4 English Count (NE) -20'8/2, 20'/3, 4015/2, 40'8/3, 50'/2, 60's/2, 60'/3, ‘¢ High tenacity staple fiber of 1.1 D for knot-free yarn ‘# Accurate length wound on plastic cone with air-tight poly-packing, ‘¢ Tipping-thread that endures enzyme/ hot wash and hypo-chloride/per-oxide bleaching, [ANLIMA YARN DYEING LIMITEDQuality The company's products offer unrivaled quality coupled with production economy that makes the company an ultimate choice for textile and garments manufacturers. The key quality features are: + Azo-free: ‘Azo compound in textile materials are seriously harmful to human health and Anlima's products are Azo-free ensuring total safety against that health-hazard. The products are Oeko Tex Standard 100 certified. + Knot-Free: Knots are detrimental to knitting/sewing speed and productivity. Anlima's thread/yarn are knot-less that ensures higher productivity. + Color-Fastness: Azo-free ‘Anlima's thread/yarn are color-fast that ensures washing, light, rubbing, bleaching and perspiration fastness. Being absolutely bleach-proof, it prevents all chances of color-bleeding or fading of fabrics. C2) || Pu ¢ colo Matching: <9 I We offer perfect color matching with computerized facility and offer DTM (Dye to Match) Color-Fastness Knot-Free SE oa ¢ Needle-Saving: Our products are immaculately processed saving it from becoming hard or sticky and thus avoiding the extra. cost in time and needle-breakage during knitting/weaving/sewing. ¢ Yarn-Saving: Weight-loss during dyeing in Anlima is only 1-2% that is 4-59 less than other competitors. resulting in substantial yarn saving. ¢ Gliding Efficiency: Our superior and sophisticated lubricating winder ensures better gliding efficiency and lower friction contributing to higher productivity. [ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019NOTICE OF THE 24TH ANNUAL GENERAL MEETING ANNUAL REPORT 2018-2019 Notice is hereby given that the 24th Annual General Meeting of the shareholders of Anlima Yarn Dyeing Limited will be held on Sunday the December 22, 2019 at 10:30 a.m. at the Factory premises, Karnapara, Savar, Dhaka-1340 to transact the following business: Agenda 1. Toconfirm minutes of the 23” Annual General Meeting held on 20" December, 2018, 2. To receive, consider and adopt the Profit and Loss Accounts of the Company for the year ended 30" June, 2019 and the Balance Sheet as at that date together with the Reports of the Directors and the Auditors thereon, 3. To appoint/elect Directors in accordance with the provisions of the Articles of Association of the Company. 4, To approve cash dividend for all Shareholders @ Tk 0.50 per share (5%) cash as recommended by the Board. 5, Tore-appoint Statutory Auditors for the year 2019-20 and fix their remuneration, 6. To appoint Compliance Auditors as per Corporate Governance Code 2018 of BSEC for the year 2019-20 and fix their remuneration. 7. Totransact any other business of the company, with permission of the Chair. By order of the Board Date: October 24, 2019 M.Jahangir Alam Company Secretary Notes: (a) The Record Date shall be November 20,2019. The shareholders whose name shall appear inthe share register ofthe company orn the depository register on that date willbe entitled to dividend and attend the AGM, (b) Amember entitled to attend and vote at the annual general meeting may appoint a proxy to attend and vote on his/her behalf. The proxy form, duly stamped, must be deposited atthe registered office ofthe company not later than 48 hours before the time fixed for the meeting, [o Members are requested to notify change of address, if any, to the Company Secretary, Suite # 4/3, Clty Heart, 67 Naya Palkan, Dhaka-1000, (@)Forthe sake of convenience shareholders are requested to submit their queries on the Directors Report and Accounts forthe year 2018-19, if any, atthe Head Office ofthe company atleast one day before the day ofthe General Meeting, ()_ The Annual Report and Proxy Form are also available inthe Company website: wwwwanlima.com [Admission to the meeting room willbe strictly as per note (a) and (b) above on production of attendance slip sent wth the Annual Report ANLIMA YARN DYEING LIMITED.CHAIRPERSON'S MESSAGE My Dear Shareholder, Absalams Aathium Tlas my proud privilege lo welcome you To the 74th Annual General Mecling of the Company. Leis also my pleasure lo present yo lhe Annual Report of Anlima (farn Dyeing Limiled forthe year ended june 30, 2079. Global Economy According to World Economic Outlook’, global growth remained subdued till July 2019. Global growth is forecasted at 3.2 percent and 3.5 percent for year 2019 and 2020 respectively. GDP growth data, together with generally softening inflation, point to a weaker-than-anticipated global activity. During the year, the United States further increased tariffs on certain Chinese imports and China retaliated by raising tariffs on a subset of US imports, However additional escalation was averted following the June G20 summit. Global technology supply chains were threatened by the possibility of US sanctions, Brexit-related uncertainty continued, and rising geopolitical tensions roiled eneray prices. In spite of this USA economy continued to grow during this period, Growth in the Euro area is projected at 1.3 percent in 2019 and 1.6 percent in 2020. The forecast for 2019 is revised down slightly for Germany, remained unchanged for France and Italy and revised up for Spain. Euro area growth is expected to pick up over the remainder of this year and in 2020, as external demand is projected to recover. "Werld Economic Outlook DHF, Octobe 2019. ANUNAA Yam DYER UANTED | annua reroxr 2ote-2019CHAIRPERSON'S MESSAGE ( CONTD..) Emerging and developing Asia is expected to grow at 6.2 percent in 2019-20. The forecastis 0.1 percentage point lower than in the April World Economic Outlook for both years, largely reflecting the impact of tariffs on trade and investment. In China, the negative effects of escalating tariffs and weakening external demand have added pressure to an economy already in the midst of a structural slowdown and needed regulatory strengthening to rein in high dependence on debt. With policy stimulus expected to support activity in the face of the adverse external shock, growth is forecast at 6.2 percent in 2019 and 6.0 percent in 2020. India’s economy is set to grow at 7.0 percent in 2019, picking up to 7.2 percent in 2020 which is a weaker-than-expected outlook mainly due to slow domestic demand, Bangladesh Economy? Bangladesh has become one of Asia's most remarkable and unexpected success stories in recent years. The economy of Bangladesh has grown roughly 6% per year since 1996 despite prolonged periods of political instability, poor infrastructure, corruption, insufficient power supplies and slow implementation of economic reforms. During 2015-16 and 2016-17, the growth rates were 7.11% and 7.28% respectively. The growth in 2017-18 was 7.86% and according to the current estimates 2018-19 GDP growth stood at 8.13%. The projection for 2019-20 is 8% making it one of, the fastest growing economy in the world once again Bangladesh has made considerable progress in raising incomes, reducing poverty and improving social indicators though economy faced numerous challenges on various fronts. In 1991 the poverty rate was 56.7%, in 2018 it decreased to 21.8% and by 2020 it is assumed to be decreased to 18,6%, As a result, the per capita national income has risen from US$ 1752 to US$ 1909 in the last fiscal year. On the other hand, in the current financial year 2018-2019, the growth of, revenue collection is at satisfactory level. During this period, the revised target of revenue receipt was set at TK. 3,16,599 crore, which is 12.48% of GDP. Export earnings of Bangladesh stood at US$ 30,903 million during Bangladesh Economic Survey Ministry of France, 2019. ANNUAL REPORT 201 2019 July-March of FY2018-19, which is 12.57% higher than the export earnings during the same period of FY2017-18, Future Prospects Like the previous year, the outlook is expected to worsen slightly for advanced economies while it remains broadly unchanged in emerging markets and developing economies. The prospect of Bangladesh is expected to be good due to political stability and massive expenditure by the Government. The global textile importers will continue to build their confidence on Bangladesh due to improvements in the social and environmental compliances ‘Company Performance The overall performance of the company during the year declined a bit from the previous year. As we know, the sales of the company mostly depend upon the woven and knit textiles export scenario of the country. Changes in product mix from yarn dyed fabrics to other diversified non yarn dyed fabrics in RMG export orders has reduced demand for our products in the recent years. As a result, the companys sales did not improve as per our ‘expectation. Hopefully with the gradual improvement of the Bangladesh's RMG sector the company will do better in the future. Conclusion In conclusion, we believe that we have the strengths and resources to achieve our desired goal. | would like to convey sincere appreciation to our valued shareholders, regulators, suppliers, financing partners and all other stakeholders for their continued support. Our employees also deserve appreciation for their hard work and dedication to propel the Company towards success. Hublua NArah. Hubbun Nahar Hoque Chairperson [ANLIMA YARN DYEING LIMITED.DIRECTORS’ REPORT TO THE SHAREHOLDERS Dear Shareholder, On behalf of the Board of Directors and Management of Ablima (farm Dyeing Limited, we weleame you te the 741th Annual General Meclirig of the company. We are pleased th preserit the Direclors’ report lagether with he Auditors’ Repariland the Abudled Financial Slalementh of the company far The year ended Jane 30. 2019 thereon. for your valued consideration, approval and adeion Industry Outlook RMG export has contributed $34.13 billion to Bangladesh's total export ‘earnings this year, growing by 11.49% compared to last fiscal year, According to Export Promotion Bureau (EPB), the RMG sector has contributed 84.21% to Bangladesh's total exports of $40.53 billion, growing by 10.55% in FY19. In last 5 years, the RMG exports added additional 10 billion dollars in the export basket that means growing ata rate on average $2 billion each year. Though the growth rate is impressive, it seems too optimistic to reach $50 billion marks by 2021, the target set by the government, The export growth rate during 2018-19 is 11.49%, which was only 8.76% in 2017-18, indicating an upward trend of RMG export. The management therefore expects a better performance in the next year. [ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019DIRECTORS’ REPORT TO THE SHAREHOLDERS ( CONTD..) Risk and Concerns Though the importance of the garments and textile industry in the economy of Bangladesh is very high, the industry faces challenges like global recession, unfavorable trade policies, internal security concerns, high cost of production due to increase in the energy costs and strong exchange rate etc. However, it is a matter of hope that our exporters are accustomed to such risks and have proven their worth so far. The Board of directors regularly monitors, assesses and identifies potential risks and threats to profitability and sustainable growth. The company also has a sound internal control system and effective Audit Committee to support the board to monitor activities of management and to deal with risk management issues. Performance of the company Sales revenue during the year was Tk 167.90 million against Tk 183.03, million of the previous year. The cost of goods sold was Tk 137.35 million against Tk 150.45 million of the previous year. Net profit after tax was Tk 9.27 million registering a drop of 5.87% than that of 2017-18. Product wise Performance The production during the year declined by 19% mainly due to lower demand of yarn dyed products from the customers. The total sales volume of the company declined by 17.26%. For yarn dyeing the decline was 23.04%, but in sewing thread the sales volume increased by 3.72%. Revenue from yarn dyeing declined by 25.89% whereas sales revenue from sewing thread increased by 14.94%. After offsetting the reduction in yarn dyeing sales by increase in sewing thread sales total sales revenue of the company declined by 827%. ‘The cost of goods sold for all products during the year reduced by 8.70% from previous year. The costs for sewing thread was 82% as compared to 81% of previous year. This was mainly due to increase in polyester thread price. Net Profit margin for yarn dyeing increased to 5.74% from 4.54% in previous year. On the other hand, Net Profit margin for sewing thread decreased to 5.34% from 6.50% in 2017-2018. ANNUAL REPORT 2018-2019 Product-wise Performance Particulars Production (in Kg) Sales (in Kg) Sales Revenue (000K) Revenue (Tk. per kg) Cost of Goods Sold: Raw Materials Packing Material Manufacturing Expenses Depreciation WIP Stock adjustment Cost of Goods Manufactured Finished Stock adjustment Cost of Goods Sold Cost of Goods Sold Per Kg (TK) Gross Profit {Gross Profit Per Kg (Tk) ‘Administrative Expenses Marketing Expenses Financing Cost WPPF & Income Tax Net Profit After Tax 2018-19 Yarn Sewing Dyeing Thread 555,237 205,895 554,438 206,007 77993 90,812 1390 4a 21,749 25620 40874814 29,700 34,985 7491 8824 - 207 63,027 74,450 (129) 7 62,898 74,457 1300361 14195 16,355 26 79 7253 8544 384 1,041 630742 1,002 4426 4,808 Total 761,132 760,445 167,905 221 47,369 8,901 64,685 16315 207 137,477 (122) 137,350 181 30,550 40 15,797 1,925 1,372 2,182 9,278 2017-18 Yarn Sewing Dyeing Thread Tt! 733,878 205,797 939,675 720,430 198,621 919,051 104,027 79,007, 183,034 144398199 {000 TK.) 35,097 26,656 61,753, 5000 3,797 8,797 37334 28,354 65,688, 9926 7,538 17,464 = 292292 87,357 66,637 153,994 (968) (2,573) (3,541) 36,389 64,064 150,453 12000323164 17,638 14,943 32,581 Pry 35 9170 6,965 16,135 1399 1,062 2,461 1031-783 1,814 1318 1001-2319 4,720 5,132 9,852 [ANLIMA YARN DYEING LIMITEDExtra-Ordinary Gain or Loss As per IAS 1: Presentation of Financial Statements, no item of income and expenses are to be presented as extra-ordinary gain or loss in the financial statement. There was no extra-ordinary gain or loss in the financial statements under report, during the year ended June 30, 2019. Related Party Transactions Disclosure of all related party transactions, including basis for such transaction during the financial year has been provided in Note 31 of this Annual Report. Initial Public Offering (IPO), Repeat Public Off Offer The company had no Initial Public Offering (IPO) during the financial year 2018-19. There is no plan of Repeat Public Offering (RPO), Rights Share Offer in the near future. Utilization of proceeds from public issues, rights issues The company had no Initial Public Offering (IPO), Repeat Public Offering (RPO) or Rights issues during the financial year 2018-19. Remuneration of Directors Directors including the Independent Director were paid remuneration during the year for the service rendered by them. The details may be seen from Note 31 of the Audited Accounts enclosed with this report. Accounting Policies Appropriate accounting policies have been applied consistently in preparation of these financial statements and the accounting estimates are based on reasonable and prudent judgments. Preparation of the financial statements The Financial Statements were prepared in accordance with the applicable International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs) as adopted by the Institute of Chartered Accountants of Bangladesh (ICAB). [ANLIMA YARN DYEING LIMITED. DIRECTORS’ REPORT TO THE SHAREHOLDERS ( CONTD..) Significant variance between quarterly and annual financial statements Due to operational issues and seasonal impacts the company experienced some fluctuations from quarter to quarter in the year 2018-2019. Internal Audit and Control System Internal audit department of Anlima Yarn Dyeing Limited assists the company in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization's risk management, control and governance processes. The internal control system. has been designed to mitigate the risks of failure to achieve the objectives of the company. It holds all business risks, including financial and strategic risks. The board holds its meeting regularly with comprehensive agenda dealing with all major aspects of business. There is also an internal control and ‘compliance department directly reporting to the Board of Directors and Audit ‘Committee, which look after the compliance with the organizational policies. Interests of Minority Shareholders ‘The Board hereby confirms that the interests of the minority shareholders have been duly protected in the Company. Ability to continue as a going concern The company has adequate resources to continue its operation without interruption thus adopted going concern basis for preparation of financial statements. Dividend The Board of Directors have recommended a cash dividend @ 5% for all shareholders, in view of the performance of the year. The shareholders whose names appear on the share register of the company or depository register as on the record date ie. November 20, 2019 will be entitled to the dividend subject to approval in the forthcoming Annual General Meeting. Interim dividend No interim dividend was declared by the Board of Directors during the year 2018-19. ANNUAL REPORT 2018-2019DIRECTORS’ REPORT TO THE SHAREHOLDERS ( CONTD..) ‘Summary of key operations and financial data of last five years Particulars 2018-19 | 2017-18 | 201617 | 201576 | 2014815 Financial Position: Authorized Capital 907k [200,000 | 200,000 | 200,000 [200,000 | 200,000 Paid up Share Capital oooTk | 178678 | 178678 | 178678 | 178678 | 178678 Reserves and Surplus oooTk | 846s | 465 | 8465 | 10965 | 10965 Shareholders Equity ooo | 197.503 | 197557 | 197.145 | 201.146 | 276.231 Total Assets oooTk | 424781 | a26ai4 | 439.496 | 455,785 | 436907 Fined Assets Cost oooTk | 639627 | 639627 | 639.206 | 639206 | 635387 Fixed Assets Carrying Value oooTk | 273,018 | 289.448 | 306.63 | 325,558 | 341,858 Net Working Capital 007k | 4686) | (59.960 | (76,660) | (00908) | (108.174) Net profit after tax coor | 9274 | 9852 tora | isge7 | 19537 Results of Operation: Revenue from Sales oot | 167,905 | 183,034 | re1a22 | 217313 | 228,740 Gross Profit Margin % isis | 1780 1784 | 2060 | 1976 Operating Profit % 764 76a | 803 |__1265 | _1239 Net Profit afterTax % ss2| 538 | ss2| 920] 854 Eamings per Share Tk os2 | 055 | 056 112 |__109 Dividend per Share Tk. 0.50" 1.00" 1.00" 1.00" 1.00" Key Financial Ratios: Current Ratio Times | o77a | 06s | 0631 | 0591 | 046s Inventory Turnover Times 27 296 [318 | __ 429 | __ 434 Receivable Turnover Days | 19199 | 17130 | 13329 | 13776 | _774s Debt Equity Ratio Tk vax | 7628 | 7624 | 7228 | 7822 Return on investment % 2is | 231 228 | 439 | __4a7 Net Assets Value per hare Te ros [nos | 1103 [1126 [i114 Market Value of hare (as on 30th June) | _Tk wo70 | 3320 | 3180 | 2830 | 2240 Dividend Veld % 123 | 3.01 aaa | 353 | 4s Price Book Value Ratio Times |___027 033 | 035 | 040 | 050 2. Foralthe shareholders, i Fergenarel pub and 1 shareholders ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LIMITEDDIRECTORS' REPORT TO THE SHAREHOLDERS ( CONTD..) Number of Board meetings during the year Pattern of Shareholding as on June 30, 2019 During the year ended 30th June 2019, a total of five Board Meetings were held, The attendance of the members in the meeting are as follows: arneet Stare tere) Status Nogana Percentage Attend Name of the Members Position the Boar Kosher Related barton Meetings Parent Company/Subsidiary/ wi . airsl NESTNSTaT Hoo eM | CTS eToon 05 05 Associated Companies " Mr Mahmudul Hoque Managing Director 05 05 b) Directors, Chief Executive Officer, Chief Financial Officer, Company MicM. Abul Kalam Mazumdar | ChiefFinancial Officer | 05 05; Secretary, Head of Internal Audit and Compliance and their spouses Mrs. Aniga Haque Director 05 04 and minor children: Mr Riv M Hague Director 05 a Mr. Mahmudul Hoque Managing Director 5,040,900 28.21% Mr. Ahmad Ulah Independent Director | 05 oF Mrs.Hubbun NaharHoque Chairperson 2,665,000 14.91% McMd.Khurshed Hossain | Independent Director | 05 oa Revenant iente Director 360,000 2.01% ‘Mr. M. Jahangir Alam Company Secretary 05, 95 Mr. Alwi M Haque Director 360,000 2.01% eee ere Mr. Md. Khurshed Hossain Independent Director Nil - Mr.M, Abul Kalam Mazumdar Chief Financial Officer Nil - Mr. M. Jahangir Alam Company Secretary Nil - Mr, Mohammad Arif Hossain Head of Internal Audit Nil : ©) Executives: Mr M. Abul Kalam Mazumdar Chief Financial Officer Nil : Mr. ASM. Jubaer Vice President (Production) Nil - Mr. Mr. Mohd. Nurun Nabi AVP(A&F) Nil - Mr, Zahadul Islam FAVP (Commercial) Nil - Mr.Md.Mizanur Rahman Chow. FAVP (Marketing) Nil : ) Voting Interest: - Shareholders holding 10% or more voting interest in the company Nil Nil ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019Retirement and Re-election ‘Mr. Mahmudul Hoque, Director and Mr. Alwi M Haque, Director of the Company retires by rotation as per Article 127 and 128 of the Articles of Association of the Company. Being eligible they offer themselves for re-election as Director in the ensuing 24th AGM of the Company. Profile of Directors & CFO i, Mr. Mahmudul Hoque, Director Mr. Mahmudul Hoque is the Managing Director of the company. He was born in a respectable Muslim family from Chittagong and obtained Bachelor of Commerce Degree from Chittagong University. He is a dynamic businessman who started business from the early days of his career. Over the past thirty five years he gained significant experience in import and export, power, real estate and textile sector. Mr. Hoque is also the Managing Director of Anlima Textile Limited, Precision Energy Limited, Anlima Energy Limited, Anlima Petroleum Limited, Allied Enterprise (Pvt) Limited and Anlima Buildtech (Pvt) Limited, He is also one of the sponsor Directors of Jamuna Bank Limited and international Holdings Ltd. He is very widely travelled person and visited most the countries in the world. He is involved in different social development works through a host of social organizations and well recognized in the society for his achievements. ii, Mrs, Hubbun Nahar Hoque, Director Mrs. Hoque was born in a respectable Muslim family from Sylhet. She obtained Bachelor Degree from a renowned University in Dhaka. She has wide experience in Marketing, Procurement, HR and Management in the different business sectors of the country. Mrs. Hoque is the Chairperson of ‘Anlima Yarn Dyeing Limited. She is also the Director of Anlima Textile Limited, Precision Energy Limited, Anlima Energy Limited, Anlima Petroleum Limited, Allied Enterprise (Pvt) Limited and Anlima Buildtech (Pvt) Limited. Mrs. Hoque is associated with social welfare activities by patronizing different clubs and social organizations. iii, Mrs. Aniqa Haque, Director Mrs, Aniqia Haque hails from a respectable Muslim family. She is LLM Masters in International Commercial Law and Graduate Diploma holder in Law. She completed Bar Professional Training Course (BPTC) from Cardiff University, ANNUAL REPORT 2018-2019 DIRECTORS' REPORT TO THE SHAREHOLDERS ( CONTD..) United Kingdom. Prior to this she graduated in Master of Arts in Economics from the University of St. Andrews, Scotland, UK. In legal practice front, she has considerable experience in Apex Court Chambers, Cardiff and Circuit Court judges in Myrthr Tydfil, Wales, UK. In the corporate management arena, Mrs. Aniqa works for operations, business development, sales, client acquisition and other areas in foreign ‘companies in UK. In addition to her exposure in Anlima group of companies she also has excellent knowledge and contribution to the strategic management programs of the company. iv. Mr. Alwi M Haque, Director ‘Mr. Alwi M Haque was born in a respectable Muslim family in Dhaka. He has completed IB Diploma in UWC Atlantic College, Wales, UK. He qualified in IBDE examinations with Edexcel High Achievers Award. He is a young man with friendly disposition. He has keen interest in business affairs and is planning to build his career accordingly. Currently he is studying Graduation in computer science in University of Nottingham, (United Kingdom) UK. Mr, Haque is a community worker and did lot of community works for the under privileged. He involved himself in advising and motivating the children for attending the school for education, building awareness about cleanliness, health and hygiene and other community affairs. v, Mr. M. Abul Kalam Mazumdar, Chief Financial Officer Mr. M. Abul Kalam Mazumdar is associated with the Company since 1997. He is an MBA from Institute of Business Administration of University of Dhaka and a Fellow (FCMA) of the Institute of Cost and Management Accountants of Bangladesh. He is also a Certified Management Consultant (CMC) from ‘Australia. Mr, Mazumdar has vast knowledge and experience in Management Information System (MIS)/ERP, Finance and Accounts, Marketing and Product Costing area, Prior to his joining in the company he served in BJMC, Ministry of Finance and Beximco Group in various fields of corporate management. He also served in various national committees some of which are: Bangladesh Bank's Committee for Selection of Country Credit Rating Agency, Privatization Committee of Ministry of Industry, and Pharmaceutical Pricing Committee of Drug Administration. [ANLIMA YARN DYEING LIMITEDDIRECTORS' REPORT TO THE SHAREHOLDERS ( CONTD..) vi. Mr. Md. Khurshed Hossain, Independent Director Mr Md. Khurshed Hossain was born in a respectable Muslim family of Dhaka, He is an MBA in International Trade and Commerce from New Port University, USA. Prior to this he completed M.Com in Marketing and completed L.L.B from University of Dhaka. He also passed Banking Diploma from The Bangladesh Institute of Bankers. He is vastly experienced professional Banker with specialized knowledge in commercial, investment and development banking. As a career banker he has experience in managing foreign exchange, money market, industrial and trade finance, securities trading and portfolio management. In his long glorious career he successfully served as a Deputy Managing Director in Sonali Bank Limited and also served as a General Manager in Investment Corporation of Bangladesh and in Agrani Bank Limited, He also acted as project directors in various fields, ike Project of Enhancement of Corporate Governance and Capacity of ICB (Government of Bangladesh & Asian Development Bank project), Chairman, Board of Directors, ICB Asset Management Company Limited and Member, Investment Corporation of Bangladesh Shariah Board. Mr. Khurshed Hossain performed as nominated director in various Institutions, such as: Islami Bank Bangladesh Limited, Navana CNG Limited, Hakanni Pulp and Paper Mills Limited (Chittagong), Azadi Printers Limited (Chittagong), Orion infrastructures Limited, Zago Corporation Limited and ‘Aroma Tea Limited. Mr. Hossain was also Field Research Officer at CV. Star Centre for Applied Economics, New York University, USA. Some of his Research Paper and articles were published in various National and International journals. These are: Privatization and Liberalization in Developing Countries, Comilla Khadi Shilper Otit-o-Bartoman, Livestock Marketing in Bangladesh and Prospects of Garments Industry in Bangladesh ete. Certification by the Managing Director and Chief Financial Officer The report of the Managing Director (Chief Executive Director) and Chief Financial Officer is placed in Annexure-A Corporate Governance Compliance Report ‘As per Bangladesh Securities and Exchange Commission Notification No SEC/CMRRCD/2006-158/207/Admin/80 dated 03 June 2018, the report on Corporate ANLIMA YARN DYEING LIMITED Governance Compliance is annexed in Annexure-B & C External Auditors The Directors hereby report that existing auditors Fames & R, Chartered Accountants, House # 424 (4th Floor), Road # 30, Mohakhali DOHS, Dhaka-1206, who were appointed as auditors of the company in the 23rd annual general meeting, carried out the audit for the year ended 30th June, 2019 satisfactorily. Their tenure has expired and being qualified have expressed their willingness to continue for the audit for the year 2019-20. The ‘company received proposal and which was placed in the board meeting. The Board of Directors recommended Fames & R, Chartered Accountants, H-3/1 & 3/2 (Flat-A2), Bijoynagar, Dhaka-1000 for re-appointment as auditors of the ‘company for the year 2019-20. The matter is placed for the decision of the honorable shareholders. Audit Committee The Audit Committee of Anlima Yarn Dyeing Limited is established by the Board of Directors, as per the Notification No. BSEC/CMRRCD/2016-158/2017/ ‘Admin/80 dated 03 June 2018 of Corporate Governance Guideline of Bangladesh Securities and Exchange Commission (BSEC). The Audit Committee ensures good governance of the company and acts as a sub-committee of the Board of Directors. During the financial year 2018-19 the following persons continued as the members of the Audit Committee: Meeting) Meetn Committee Members status Meeting Meeting Me Md Khurshed Hossainiwedeoncw | Chairman 4 | * 2 Me Ainad lah tne Chatman 4+ 2 Mrs, Hbbun Nahar Hoque ect Member 4 ‘ Ms Aniga Hage cen Member 4 2 MM, Abul Kalam Mazumdar Member 4 4 MM Jahangie Alar anny] 4 ‘ “Reeved on 20th December 2018 The details ofthe activities of the Audit Committee have been provided in Annexure-D + + Appointed on 20th Decernbe 2018 ANNUAL REPORT 2018-2019Nomination and Remuneration Committee (NRC) The committee has established Nomination and Remuneration Committee (NRC) as per the Notification No. SEC/CMRRCD/2006-158/207/Admin/80 dated 03 June 2018 of Corporate Governance Guideline of Bangladesh Securities and Exchange Commission (BSEC). The report of the committee is placed in Annexure-€ of this report ancial Reporting framework declaration The directors being responsible for governance of the company, the preparation and presentation of financial statements, confirm to the best of, their knowledge that: 1 The entire business operation is being conducted in accordance with the laws, rules, regulations, agreements, guidelines and standards governed in the country; 1 Allthe judgments and decisions taken by management are reasonable and sensible; 1 Accurate accounting policies have been systematically followed in formulating the financial statements and accounting estimates were reasonable; 1 The financial statements present rationally the company’s state of affairs, the result of its operations, cash flow and changes in equity with the ‘Companies Act, 1994 and Securities and Exchange Rules, 1987; 1 The system of internal Control is sound in design and has been effectively implemented and monitored; 1 The CEO and CFO have certified to the Board that they have reviewed the financial statements and affirm that these statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading; 1 There is no momentous suspicion about the ability of the company to continue as a going concern; 1 Proper books of accounts of the Company have been maintained according to the law; ANNUAL REPORT 2018-2019 DIRECTORS’ REPORT TO THE SHAREHOLDERS ( CONTD..) 1 The Financial Statements were prepared in accordance with the applicable International Accounting Standards (IASs)_ and International Financial Reporting Standards (IFRSs) as adopted by the Institute of Chartered Accountants of Bangladesh (ICAB). 11 No transaction has been entered into by the company which are fraudulent, illegal, or in violation of the company’s code of conduct. Other Regulatory Disclosures 1 The key operating and financial data for the last five years have been disclosed in Director's Report; 1 The Company is aware of its various risks and concerns, mainly from the policy and regulatory fronts, and is prepared to meet those by systematic control. Different type of risk management has been disclosed in Note 2.29 of financial statements; 1 No significant mutation has occurred between quarterly and final results of the company during 2018-19; 1 All significant detachment from the previous year in operating results of the company has been highlighted and reasons thereof have been explained; 1 As per IAS 1 Presentation of Financial Statements, no items of income and expense are to be presented as “extraordinary gain or losses" in the financial statements. As such no extraordinary gain or loss has been recognized in the financial statements, 1 All transactions with related parties have been made on a commercial basis and the basis was the principle of “Arms Length Transaction’. Details of related party and transactions have been disclosed in Note 31 of Notes to the Financial Statement: 1 During the year, the Company has paid Board meeting attendance fees to the directors. The remuneration of Directors has been mentioned in Note 32 of Notes to the Financial Statements. ANLIMA YARN DYEING LIMITED.DIRECTORS' REPORT TO THE SHAREHOLDERS ( CONTD..) Auditor for issuing Compliance Certificate on Corporate Governance Code 2018 of BSEC As per Bangladesh Securities and Exchange Commission Notification No. SEC/CMRRCD/ 2006-158/207/Admin/80 dated 03 June 2018 the company received proposal from M/S. Rahman Keshem & CO,, Chartered Accountants, City Heart (3rd Floor), 67 Naya Paltan, Dhaka-1000, as the Corporate Governance Auditor, which was placed in the board meeting. The Board of Directors recommended M/S. Rahman Keshem & CO,, Chartered Accountants, for re-appointment for issuing certificate on compliance of conditions of Corporate Governance Code of BSEC for the year 2019-20. The matter is placed for the approval of the honorable shareholders in the AGM. Website of the Company The company has an official website linked with the website of the stock exchange and itis functional from the date of listing. All detailed disclosures of the company are available on it. The web address: www.anlima.com ‘Twenty-third Annual General Meeting The Twenty-third Annual General Meeting (AGM) of Anlima Yarn Dyeing Limited was held on Thursday the December 20, 2018 at 10:30 am. at the factory premises, Karnapara, Savar, Dhaka-1340. The meeting started with recitation from the holy Quran. After recitation the Chairperson requested the Managing Director to conduct the meeting, A total of 109 shareholders attended the meeting. Mr. Mahmudul Hoque, Managing Director of the company presided over the meeting, Other directors of the company, Mrs. Hubbun Nahar Hoque, Mr. Ahmad Ullah, Independent Director and Mr. M. Abul Kalam Mazumdar, Chief Financial Officer were also present in the meeting. Acknowledgment ‘The Board of Directors express their heartfelt appreciation and gratitude for the continued support and patronage of the valued shareholders to run the Company. The Board also extends its appreciation to the regulators, government agencies and stakeholders especially: Bangladesh Securities and Exchange Commission, Bangladesh Bank, Central Depository Bangladesh ANLIMA YARN DYEING LIMITED. Limited, Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited, Department of Customs, Income Tax, Bankers, Insurers, Vendors, press and media and customers. The Board also extends felicitations to the management and employees for their dedication and working hard despite all adversity. We look forward to continue support of all concerned for marching towards better performance. On behalf of the Board of Directors Aubbus Noah. Hubbun Nahar Hoque Chairperson Mahmudul Hoque Managing Director ANNUAL REPORT 2018-2019KEY PERFORMANCE INDICATORS IT Profession! 6% MSc 6% | Master in Commerce 1396 |S MBAs and BBAS 796 I FCMA3%6 I BScEngineers 9% Textile Technologists 9% Diploma in Textile 26% Graduate 219% B B & iB ‘2 fs Total Assets ('000'Tk.) 125 1.00 075, oso 025 By 8 a | 201415 2015-16 201617 2017-18 201819 Share (Tk.) Earnings per Share (Tk.) Medal om eS +2000 I) 30000 C=) 20000 £ a 5 2 Fs 3 Es s fo 2o1as a0isi6 201617 rove ANNUAL REPORT 2018-2019 600,000 500,000 400,000 300,000 200,000 100,000 ‘000,000 ry eo 2014-15 2015-16 201617 2017-18 2018418 22.40% 28.30% 31.80% 33.20% 40.70% Wl Goss Proft Wi vet Prof ry Bs Br Is z Fi Bef cy a 3 4 2 rd Oe tracts ees) iS S 8 s ES 8 & 5 | BETS 2015-16 201617 2017-18 2018-19 228,740 217313 181422, 183,034 | 1 167,905 pores | 2018-16 ' 2016-17 ' 2017-18 2018419 ' bhaba ora 2ois1s 201617 rovers 201819 [ANLIMA YARN DYEING LIMITED.PHOTO GALLERY ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019DECLARATION BY CEO AND CFO ‘The Board of Directors Anlima Yarn Dyeing Limited Dhaka. Subject: Declaration on June 30, 2019. ‘ancial Statements for the year ended on Dear Sir(s), Pursuant to the condition No. 1(5)(xxvi) imposed vide the Commission's Notification No. BSEC/CMRRCD/2006-158/207/Admin/80 dated 03 June 2018, under section 2CC of the Securities and Exchange Ordinance, 1969, we do hereby declare that: (1) The Financial Statements of Anlima Yarn Dyeing Limited for the year ended on June 30, 2019 have been prepared in compliance with International Accounting Standards (IAS) or International Financial Reporting Standards (IFRS), as applicable in the Bangladesh and any departure there from has been adequately disclosed; (2) The estimates and judgments related to the financial statements were made on a prudent and reasonable basis, in order for the financial statements to reveal a true and fair view; (3) The form and substance of transactions and the Company's state of affairs have been reasonably and fairly presented in its financial statements; (4) To ensure above, the Company has taken proper and adequate care in installing a system of internal control and maintenance of accounting records; (6) Our internal auditors have conducted periodic audits to provide reasonable assurance that the established policies and procedures of the Company were consistently followed; and (6) The management's use of the going concern basis of accounting in preparing the financial statements is appropriate and there exists no material uncertainty related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern, ANNUAL REPORT 2018-2019 In this regard, we also certify that: () We have reviewed the financial statements for the year ended on June 30, 2019 and that to the best of our knowledge and belief: (@) these statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading; (b) these statements collectively present true and fair view of the Company's affairs and are in compliance with existing accounting standards and applicable laws. (ii) There are, to the best of knowledge and belief, no transactions entered into by the Company during the year which are fraudulent, illegal or in violation of the code of conduct for the company’s Board of Directors or its members. Sincerely yours, tb. Mahmudul Hoque Chief Executive Officer 22 M. Abul Kalam Mazumdar Chief Financial Officer Date: October 24,2019 Dhaka, Bangladesh [ANLIMA YARN DYEING LIMITEDPOs ERI ION UG IR RAHMAN KASHEM & CO fepor tothe Shareholders of Anima Yam Oyeing Limited on ‘Compliance of Corporate Governance Code Wie have examined the compllnce status tothe Corporate Governance Cade by Anlina Yarn Dyeing Limited for he year ended on June 30, 2019. Ths Code rloes to the Notieation No” BSEC/CMRRCD/2006-158/207/Admin/40 dated O3 June 2018 of the Bangladesh Securves and Exchange Commisson. ‘such compliance with the Corporate Governance Code isthe responsiblity ofthe ‘Company. Our examination was limited tothe procedures and implementation there 35 {copied by he Management ensuing complance tothe conan ofthe Corporate ‘Governance Code ‘his a seutiny and verfcavon and an independent suet on compliance of the conditions of the Corporate Governance Code as wel 35 the provisions of relevant Bangladesh Secretarial Standards (855) a5 adopted by Institute of chartered Secretares of Bangladesh (I) nso far as those standards are not inconsistent wen any condition of this Corporate Governance Code Wie state that we have obtained al the information and explanations, which we have required and after due serutiny ane verification threo we report that. nour apni [a TheCompanyhascompled withthe conaton: ofthe Corporate Governance Code at stipulbted in the above mentoned Corporate Governance Code Issued by the ammisson (®) The Company has complied wth the provisions of the relevant Bangladesh Seeretaral Standards (855) as adoptes by the Insitute of Chartered Secretaries of Bangladesh 158) a5 required by this code: |e) Proper books and recores complied have been kept by the company a required ‘under the Companies Ac, 1994 the secures avs and other elevant as: and {€)_ The Governance ofthe company i ststactoy. fit Recher rc. den Inc en ce Date October 24,2019 Chartered Accountants ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019Annexure-C CORPORATE GOVERNANCE COMPLIANCE REPORT Status of compliance of Anlima Yarn Dyeing Limited with the conditions imposed by the Bangladesh Securities and Exchange Commission’s Notification No. BSEC/CMRRC- 1D/2006-158/207/Admin/80 dated 03 June 2018 issued under section 2CC of the Securities and Exchange Ordinance, 1969 is presented below: (Report under Condition No. 9) Condition [Compliance Status (Put Vin | Remarks No. Title ‘the appropriate colurmn) | (ifany) ‘Complied [Not complied 1 Board of Directors: 0) Board size (Board members should not be less than 5 and more than 20). v 72) Independent Directors ToT) Tadependent Directors should be at east 1/5th ofthe total number of directors of the company, T(2}()G)__| Does not hold any share or holds ess than 196 shares of the total paid-up shares in the company. v TMI) | Not connected with any sponsor/director/shareholders who holds 19 or more shares of the total paid-up shares on the basis oF family relationship. v TRNbITID _| Has not been an executive of the company in Immediately preceding 2 (two) financial years v Te2ybIiv)__| Does not have any relationship, whether pecuniary or otherwise, with the company or its subsidiary/ associated companies: v T2e}(v)__ | Nota member or TREC (Trading Right Entitlement Certificate) holder, director or officer of any stock exchange. v T2y(eI(v)__ | Nota shareholder, director expecting independent director or officer or any member or TREC holder of stock exchange or an intermediary of the capital market. v T2NbIviD | Nota partner oran executive or was not involved withthe audit activities in the preceding 3 [three] years ofthe company’s statutory aut frm. v Te2bIvil)_|Notbe an independent director in more than 5 (five) listed companies, v Ta2}(oN) _ | Has not been convicted by a court of competent jurisdiction asa defaulter in any Toan to a bank or a NBFL v TANb}O0 Not been convicted for a criminal offence involving moral turpitude. v eG) Tadependent Director would be appointed by the Board and approved by the share holders in the AGM, v eC ‘The post cannot remain vacant for more than 90 (ninety) days. v 72K) Tenure of office of an independent director shall be fora period of 3 (three) years, which may be extended fort (one) tenure only. v 18) ‘Qualification of independent Director: 13a) ‘Should be knowledgeable individual with integrity to ensure compliance with financial regulatory end corporate law and make meaningful contribution to business. v TENN | Business Leader who is or was a promoter or director ofan unlisted company Raving minimum paid-up capital of TK. 100.00 WA million or any listed company or of any national or international chamber of commerce or business association, ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LIMITEDAnnexure-C CORPORATE GOVERNANCE COMPLIANCE REPORT Condition [amplonce satus Put Vim [Remarks Ne. The ‘theappropriate column). | (itary) Complied_[Not Complied TENT | Higher postion in an unlisted company having minimum paid-up capital of TK 100.00 milion or ofa Tsted company. v ENB | Former Offical not below Sth Grade ofthe national pay scale with having atleast educational Background of bachelor degree Economics of Commerce or Business oF Lav. v TNK(v)___| University Teacher with educational background in Economics or Commerce or Business Studies or Law. WA T(3\(bi) | Anadvocate practicing atleast the High Court Division or Supreme Court ora Chartered Accountant or Cost and Management ‘Accountant oF Chartered Financial Analyst or Chartered Certified Accountant of Certiied Public Accountant or Chartered Management Accountant or Chartered Secretary or equivalent qualification NA THE "Atleast 10 (Wen) years of experience in any eld mentioned in lause v SIG) “Special cases for relaxation of qualifcation of lndependent Directors Wk 1a) Duality of Chairperson of the Board of Directors and Managing Director or Chief Executive Officer: a) The postions ofthe Chairperson of the Board and the MD and/or CEO would be filed by diferent individvals 7 Tray) The MO and/or CEO of listed company would not hold the same postion in another listed company. v Tare The Chairperson of the Board would be elected rom among the non-executive directors ofthe company. v vane) The Board shall cleadly define oles and responsibilities ofthe Chairperson and the MD andor CEO. v TOG) Tn the absence of Chairperson one ofthe remaining non executive dlrectors woul be selecied a the Chairperson for the patcuar board meeting WA 16) ‘The Directors’ Report to Shareholders: TEN industry oulook and possible future developments in the Industry. v TNT Segment-wise of product wise performance TENT sks and concerns TN) Discussion on Cost of Goods sal, Gross Proft Margin and Net Prof Margin ui om Discussion on continuity of any extra-Ordinary Gain or Loss v TEND Basis for related party transactions v TSH) | Uiliation of proceeds rised through public isues, fights sues and or any other instruments WA (SI) | Explanation ifthe nancial results deteriorated afer the company goes fr IPO, RPO, Rights Offer Direct Listing ee WA TSN Explanation about significant variance occurs between Quarterly Financial Performance, Annual Financial statements WA 0) Remuneration to directors including independent Directors TIa0) The financial statements present ays state of affais, result of ts operations, cash flows and changes in equity {SIai)__ | Maintenance of proper books of Accounts “{SVoui | Appropriate Accounting Policies and estimates Rave been applied TiSlixiv) | Followed 1AS/BAS/IFRS and BFAS in preparation of Financial statements v [ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019Pa CORPORATE GOVERNANCE COMPLIANCE REPORT Condition [Compliance satus Put Vn [Remarks ‘ie. Tile theapproprate column)” | irony) Complied_[Not Complied (SV) | Internal Contral System has been effectively mplemented and monitored v 1(5}avi)___| Minority Shareholders have been protected v TiSlowil__| Ability to continue asa going concern v {5} | An explanation that significant deviations from the Tast years operating results ofthe issuer Company shall be Righighted and he reasons thereof shall be disclosed N/A T(S)Gi__| Summary of key operating and financial data of at least preceding 5 (Five) year. v 715)be) | Reasons for not declared dividend, NA 115)0ex)__| Declaration of no bonus share or stock dividend as interim dividend T 7{5iboxid___| Number of Board meetings held during the year and attendance by the Directors v 1(S\Godi) | Pattern of Shareholding (Along with name wise details): 1(5)(oxi{a)_| Parent/Subsidiary/Associate companies and other related parties v “U5)(exi(@) | Directors, CEO, CS, CFO, HIA and their spouses and minor chilen. v Sybex) Executives v “1S)(xxiN(@) | 10% oF more voting Interest v loa TiSloadvifal_| Resume of the Directors v Ts}beiv(@) | Expertise in specific functional areas v 7[5}oxiv}()_| Name of companies in which the person also halds the directorship and membership of committees ofthe board v 15)Ga0) | Management's discussion on company’s pesition: T(Sybow)a)_| Accounting polices and estimation or preparation of nancial statements v 715}bew))_|_Clear description any changes in accounting policies and estimation and fs fects. NWA TUSibaxwie) | Comparative analysis with immediate preceding 5 (fve] years. "(5)(o.)(d)_| Comparison with the peer industry scenario T(S)G0u(e)__| Brief explanation of the financial and economic scenario of the country and the globe, TS)boevK)_| Risk and concerns and mitigation plan, T(5)bo.(a)_| Future plan or projection or forecast for company’s operation, performance and financial position, T{5)bow)__| Declaration or certification by the CEO and CFO to the Board, T{S)bowiil | Disclosing the report and as well as certificate as per Annexure-A&B. 106) Meeting of the Board of Directors. 1) ‘Code of Conduct for the Chairperson, other Board members and CEO, v Ta) ‘Code of conduct based on recommendation of the NRC. v ANNUAL REPORT 2018-2019 [ANLIMA YARN DYEING LIMITEDPa CORPORATE GOVERNANCE COMPLIANCE REPORT Condition [Compliance Status Put Vin [Remarks No. Tle ‘theappropriate column) | (ifany) ‘Complied [Not Compled| TAN) Posting code of conduct on the website determined by the NRG. Vv 2 ‘Governance of Board of Directors of Subsidiary Company: 2a) ‘Compositions of the Board of Directors to be similar to holding company: WR 216) ‘Atleast 1 (one) independent director to subsidiary company, NR 20) ‘Submission of minutes to the holding company. NA. Ze) Review of minutes of subsidiary company by the holding company. NR 2) Review of Financial Statement by the holding company. NAY 3 ‘Appointment of MD or CEO, CFO, Head of internal Audit and Compliance & CS: 30a) ‘Appointment of MD or CEO, CS, CFO and a Head of Internal Audit and Compliance. v BCT) Positions of MD or CEO, CS, CFO and a Head of internal Audit and Compliance are filed by the different individual v BIKE) (MD or CEO, CS, CFO and HIAC don'thold any executive position in other company at the same time, v EUICI Defining roles and responsibilities and duties of CFO, HIAC & GS, v Bie) Rules of removing MD or CEO, CS, CFO and HIAG v 32) MD or CEO, CS, CFO and HIAC shall attend the meeting of the Board, v 3G) Duties of MD or CEO and CFO: 3(3)(a)0) | Reviewed the materially untrue statement or omit any material fact of the financial statement. v 3(3)(a)fi)__| Reviewed about compliance of the accounting standards 31) Reviewed about fraudulent, illegal or violation of the companies codle of conduct v EEG] Disclosed the certificate of the MD or CEO and CFO in the Annual Report. v a Board of Director's Committee: at ‘Audit Committee. v ai ‘Nomination and Remuneration Committee v 5 ‘Audit committ Sta) ‘Audit Committee a5 the sub-committee of the Board of Directors SUN) ‘Assistance of the Audit Committee to Board of Directors SINE) Responsibility of the Audit Committee to the Board of Directors, 52) Constitution of the Audit Committee: 52a) ‘Audit Committee should be composed of atleast 3 (Three) members 512K) Members of the audit committee would be appointed by the Board of Directors 520 ‘Qualified members in audit committee 5t2Na) Term and conditions of service of audit committee members [ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019Pluto CORPORATE GOVERNANCE COMPLIANCE REPORT Condition [Compliance Status (Put Vin [Remarks ‘No. Te ‘the appropriate column) | (Wfany) ‘Complied [Net Compled| SNe) Secretary of the audit committee: v 5a) ‘Quorum of the audit committee. v 58) ‘Chairperson of the Audit Committee: 5(3)(a) The Chairperson would be selected by the Board of Directors, v SKB) Tnabsence of chairperson one of themselves will be selected as the chairperson for that particular meeting, WA 5ENO) Chairman of the audit committee present in the AGM Tv 514) “Meeting of the Audit Committee: 5(aNa) ‘Audit committee should conduct at least 4 (Tour) meetings in a financial year v S146) ‘Quorum of the meeting of the audit committee shall be constituted in presence of two-third (2/3) of the members of audit committee. v 5t5) Role of Audit Committee: 5(5)a) ‘Oversee the financial reporting process. v StS) Monitor choice of the accounting policy and principals v StS) Monitor Internal Control Risk Management Process. v Sta) ‘Oversee hiring and performance of external auditors v 5t5Nle) Hold meeting with the external or statutory auditors for review of the annual financial statements before submission to the board for approval or adoption Vv SH Review the annval financial statements with the management before submission to the board for approval v 5t5Na) Review the Quarterly and Half Yearly financial statements before submission to the board for approval. v (5A) Review the adequacy of internal audit function, v St5Mi) Review the management's discussion and analysis before disclosing in the Annual Report. v StS) Review statement of significant related party transactions, v SUSY) Review Management letters “Letter of internal control weakness issued by statutory auditors. WR StS) (Oversee the determination of audit fees v StS) Disclosure about the uses/applications of funds raised by IPO/RPO/RIght issue. NR 516) Reporting of the Audit Committee: 516) Reporting to the Board of Directors Tv 5(6a)t) | Activities of audit committee shall be reported to the Board of Directors v S(eaNiiNa) | Conflicts of interests NA S(6Na)(aNb)_| Suspected or presumed fraud of irregularity or material defectin the internal contol system, WA S(6Ka)taNe) | Infringement of laws, rules and regulations. NA ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LIMITEDCORPORATE GOVERNANCE COMPLIANCE REPORT Plato Condition [Compliance status Put Jin [Remarks ‘No. Tile ‘the appropriate column)” | (ifany) ‘Complied [Not Compled| S(6NaNIINa)_| Any other matter disclosed to the Board of Directors NA 5(6)(6) Reporting to the Authorities NAY 50) Reporting to the Shareholders and General Investors v 6 Responsibility of Nomination and Remuneration Committee to the Board of Directors! ative) Nomination and Remuneration Committee as sub-committee of the Board atte) “The NRC assists the Board in formulation of the nomination criteria or policy i acne) NRC Recommendation to the board: 612) ‘Constitution of the NRC: 6(2)@) ‘Committee size with at least3 (three) members. (2) Non-executive directors would be the members of the committee. rave ‘Committee members would be nominated and appointed by the Board: SeNa) Board would be authorized to remove and appoint the committee members Baye) ‘Any vacancy in the committee should be filled within 180 (One Hundred and Eighty) days by the Board WR scant) External expert or member can be included in the committee by the Chairperson ifnecessary. NA siave) ‘Company secretary shall act as the secretary af the committee. Tv scan ‘Quorum of NRC meeting shall not constitute without attendance of an Independent director v 620 Fees or remuneration is not applicable for any member of NRC v 613) ‘Chairperson of the NRC: 6a) Selection of the chairperson of the committee by the Board, Tv [6@Nb) Thabsence of chairperson one of themselves will be selected as the chairperson for that particular meeting, WR 6eH) Presence of the chairman in the AGM, NAY a) “Meeting of the NRC: aa) ‘At least one meeting ina financial year v cay) ‘Convening any emergency meeting f necessary. WA rane Constitution of the quorum of the of the meeting in presence of either 2 (wo) or 2/3 (two-third) of the members v jacana Recording the proceedings of each meeting in the minutes. v 5) Role of the NRC: Co Tndependence and responsibility or accountability of NRC. Tv SSN) NRC shall oversee, among others, various matters and make report with recommendation to the Board, v [a(5)(0)0a)_| Overseeing the level and composition of remuneration and reporting with recommendation to the Board. v NA- Not Apolcale [ANLIMA YARN DYEING LIMITED. ANNUAL REPORT 2018-2019CORPORATE GOVERNANCE COMPLIANCE REPORT vie Condition [compliance status (Put Jin No. Tite the appropriate column), ‘complied [Not Complied BETBHUT)_|_ Overseeing the relationship between remuneration to performance: GISNENINE_| Balance of remuneration of directors and top level executives v GISNBI | Devising a policy on Board’ diversity. 7 .iSNBNH | Tdentifying the quaifed persons and recommend them tothe Board about the appointment and removal as rectors and top y level executives GISNENM_| Formulating the criteria for evaluation of performance of independent directors and the Board 7 (S61) _| Identifying the needs for employees and determine their selection, transfer, replacement and promotion citera v ISB) |_ Developing, recommendation and reviewing annually human resources and training policies. v 650 Disclosing the nomination and remuneration policy and the evaluation criteria and activities of NRC In annual report by the company. v 7 External/Statutory Auditors 7A, ‘Appraisal or valuation services or fairness opinions v Zand Financial information Systems design and implementation. v 7D Book-Keeping or other service related to the accounting and financial statements V cw) Broker-dealer services v 70) Actuarial Services v 7) Tternal Audit Services v 7Aivii)___|_ Services that the audit committee determines, v 7A) [Auditor certification services v 7A) Service that creates conflict of interest Vv 72) ‘Audit firm could not hold any share of the company they avait v 78) Presence of representative of the auditorsin the AGM Vv 3 Maintaining a website by the company: a) ‘An official website linked with the website of stock exchange: v 82) Keeping the website functional from the date oflisting v Detailed disclosures on the company’s website v Reporting and compliance of Corporate Governance: st Obtain certificate regarding compliance of conditions of Corporate Governance Guidelines v 912) ‘Appointment of certificate provider regarding compliance of conditions of Corporate Governance Code, v 913) ‘Annexure attached in the Directors Report. v ANNUAL REPORT 2018-2019 [ANLIMA YARN DYEING LIMITED.nexure: 1 Reviewing the Management's discussion and analyses before disclosing in the AUDIT COMMITTEE REPORT FOR THE ENDED YEAR 2ol1s-19 With the best practices of Corporate Governance, the Board of Directors of Anlima Yarn Dyeing Limited established an Audit Committee as Sub Committee of the Board, reconstituted as per BSEC’s Notification No. BSEC/CMRRCD/2006-158/207/Admin/80 dated 03 June 2018 required as per Corporate Governance Guidelines of Bangladesh Securities and Exchange Commission (BSEC). The audit Committee supports the Board in fulfilling its responsibilities more efficiently Composition of the Audit Committ The audit Committee consists of the following persons: Mr. Md. Khurshed Hossain (Independent Director) Chairman Mrs. Hubbun Nahar Hoque Member Mrs. Aniga Haque Member Mr. M. Abul Kalam Mazumdar (CFO) Member Mr. M.Jahangir Alam Company Secretary Scope of the Audit Committe The Audit Committee assisted the Board of Directors in fulfling its responsibilities regarding the Company's accounting and financial reporting process. The scope of the committee includes: Monitoring choice of accounting policies and principles. 1B Overseeing the financial reporting process. 1B Overseeing hiring and performance of external auditors. 1D Reviewing effectiveness of risk management system of the company. o a o a Monitoring and reviewing effectiveness of intemal and external audit. Reviewing effectiveness of the financial internal control ofthe company. Reviewing ethical standard and procedures to ensure compliance with regulatory and financial porting requirements. Holding meeting with the External or Statutory Auditors for reviewing the annual financial statements before submission to the board for approval or adoption; Monitoring internal audit and compliance process to ensure that itis adequately resourced, including approval of the Internal Audit and Compliance Plan and review of the Internal Audit and Compliance Report; 1B Overseeing the determination of audit fees based on the scope and magnitude, level of expertise deployed and time required for effective aucit and evaluate the performance of External Auditors, Reviewing the integrity of the Company's financial statements. Reviewing along with the management, annual financial statement before submission to the board for approval; 1D Reviewing along with the management, the quarterly and half yearly financial statements before submission to the board for approval; a a oo ANLIMA YARN DYEING LIMITED Annual Report. 1 Performing other activities related to the Audit Committee Charter as required by the Board of Directors Activities carried out during the year: During the year 2018-19, the Audit Committee of the Company held 04 meetings. The draft nancial statements along with detailed explanatory notes were placed before the committee. Detailed discussions on the financial statements were held with the management of the company. During the yeat, the Committee performed amongst ‘others, the following key functions: a. Enhanced good practices in financial reporting and risk management b. Reviewed the integrity of the quarterly, half yearly and annual financial ‘statements ofthe company and recommended to the Board for consideration, Reviewed the process of appointment and remuneration of extetnal auditors, Fames & RChartered Accountants, H-3/1 & 3/2 (Flat-A2), Bijoynagar, Dhaka-1000, for the year 2019-20 and made recommendation to the Board for approval 4d. Observed the status of implementation of audit action plans and provided ‘guidance to ensute timely completion of action plans; fe Ensured that the preparation, presentation and submission of financial statements had been made in accordance with the prevailing laws, standards and, regulations. {Reviewed the appointment and performance of external auditors 49. Ensured establishment of adequate internal controls and compliance with laws and regulations; fh, Oversee the compliance function, incidence reporting, task of the internal aul, financial report preparation, the external audit report and made recommendation for approval ‘The Committee found adequate arrangements to present a true and fair view of the financial status of the company and did not find any material deviation, discrepancies or any adverse finding/observation in the areas of reporting, ‘The Audit Committee expressed their sincere thanks to the members of the Board and. Management for their supportin carrying out its duties and responsibilities effectively. AB Md. Khurshed Hossain Chairman ‘Audit Committee ANNUAL REPORT 2018-2019nto NOMINATION AND REMUNERATION COMMITTEE (NRC) REPORT The Nomination and Remuneration Committee (NRC) of Anlima Yarn Dyeing Limited is pleased to present its report for the year 2018-19. The Nomination and Remuneration Committee was established as per the Notification No. SEC/CMRRCD/2006-158/207/ ‘Admin/80 dated 03 June 2018 of Corporate Governance Guideline of Bangladesh Securities and Exchange Commission (BSEC). The NRC performs as a sub-committee of the Board of Directors. Presently the Committee comprises of five members, which include two Directors, one Independent Director and two executive members. The Independent Director is the chairperson of the committee and the Company Secretary functions as the Secretary to the Committee. Meeting During the year Nomination and Remuneration Committee of Anlima Yarn Dyeing Limited held one meeting. Proceedings of the meeting were reported to the Board of, Directors. The details of attendance of the committee members are as follows: No.of | Attended IName of the Members Position Meetings | | the Held” | Meetings Mr. Md, Khurshed Hossain Undependent Director) aman u u ‘Mrs, Hubbun Nahar Hoque (Director) Member 1 1 Mrs, Aniga Haque (Director) Member 1 7 Mi M Abul Kalam Mazumdar (CFO) Member 1 1 Mi Mi Jahangir Alam Company Secretary | _7 1 Major acti jes carried out during the year The Committee reviewed and recommended the roles and responsibilities of the Chairperson, Managing Director/Chief Executive Officer, Chief Financial Officer, Company Secretary and Head of Internal Audit and Compliance to the Board for approval. It reviewed the nomination of directors and top level employees as per the qualifications, positive attributes and experiences and recommended them in the best suited position, The Committee also revised the competitive remuneration and. ‘evaluated them through unbiased standard procedures as the factor for the company's long-term success. The Committee evaluated the performance on a matrix that equally ‘emphasized behavioral and functional aspects of performance. It also followed the transparent selection process in recruitment of the potential candidates based on role profile, The committee also reviewed the annual performance appraisal as recommended by the concerned departments and recomended for approval by the Board ANNUAL REPORT 2018-2019 Appreciation ‘The NRC expresses sincere thanks to the members of the Board and the management, of the company for their outstanding support and cooperation in carrying outits duties and responsibilities effectively (On behalf of the Nomination and Remuneration Committee Md. Khurshed Hossain Chairman Nomination and Remuneration Committee [ANLIMA YARN DYEING LIMITEDFINANCIAL REPORTReport on the Audit of the Financial Statements Opinion We have audited the financial statements of Anlima Yarn Dyeing Limited, which comprise the statement of financial position as at 30 June 2019, and the statement of profit or loss and other comprehensive income, statement of cash flows and statement of changes in equity for the year then ended 30 June 2019, and a summary of significant accounting policies and other explanatory information. In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Company as at 30 June 2019, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs), the Companies Act 1994 and other applicable laws and regulations. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirement that are relevant to our audit of the financial statements in Bangladesh, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion, Going Concern We draw attention to note # 2.4 to the financial statements describe the matters about Going Concern issue of the company where it has been mentioned that the credit facilities and resources of the company provides sufficient fund to meet the requirements of its business. Key Aus Key audit matters are those matters that, in our professional jit Matters ANNUAL REPORT 2018-2019 INDEPENDENT AUDITOR'S REPORT TO THE SHAREHOLDERS OF ANLIMA YARN DYEING LIMITED judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For each matter below our description of how our audit addressed the matters provided in that context. Risk ‘Our response to the risk Valuation of inventory” Inventories are carried at the lower of cost and net realizable value. As a result, the Directors apply judgment in determining the appropriate values for slow-moving or obsolete items, We obtained assurance over relevance and appropriateness of management assumptions applied in calculating the value of the inventory provisions by: 1D evaluating the design and implementation of key inventory controls operating across the company; DD attending inventory counts and reconciling the count results to the inventory listings to test the completeness Inventories are of data; maintained by computer automated interfaces 1D comparing the net realizable value, and inputs, there isa risk obtained through a detailed review of that inappropriate sales subsequent to the year-end, to the management override cost price of a sample of inventories and and/or error may occur. comparison to the associated provision to assess whether inventory provisions are complete; 1 reviewing the historical accuracy of inventory provisioning, and the level of inventory write-offs during the year. *Reference note no 2.9 and 5.00 to the financial statements ANLIMA YARN DYEING LIMITEDINDEPENDENT AUDITOR'S REPORT CONTD.) Risk ‘Our response to the risk ‘Measurement of Deferred Tax Liability” The company reports 1 We obtained an understanding, evaluated net deferred tax liability the design and tested the operational tototaling BOT effectiveness of the company’s key 32,013,844 as at 30 June controls over the recognition and 2019. measurement of DTAs and the assumptions used in estimating the Significant judgments ‘company’s future taxable income. required in relation to deferred tax liabilities as itis probable that, taxable profit will be 1 Wealso assessed the completeness and accuracy of the data used for the estimations of future taxable income. reduced against which | > We involved tax specialists to assess key the taxable temporary assumptions, controls, recognition and differences can be measurement of DTA. recognized over a number of years, Finally assessed the appropriateness and presentation of disclosures against IAS 12 Income Tax **Reference note no 14.00 to the financial statements Other Information Management is responsible for the other information. The other information comprises all of the information in the Annual Report other than the financial statements and our auditors’ report thereon. The directors are responsible for the other information Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is, to read the other information and, in doing so, consider whether the other ANLIMA YARN DYEING LIMITED. information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation of financial statements that give a true and fair view in accordance with IFRSs, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concen basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material f, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of Users taken on the basis of these financial statements. ANNUAL REPORT 2018-2019INDEPENDENT AUDITOR'S REPORT (CONTD.) As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: o Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit 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 Companys internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained Up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. ANNUAL REPORT 2018-2019 1 Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that. we identify during our audit. Report on Other Legal and Regulatory Requirements In accordance with the Companies Act 1994, we also report the following: a) We have obtained all the information and explanation which to the best of our knowledge and belief were necessary for the purpose of our audit and made due verification thereof; b) 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 Company's statement of financial position and statement of profit or loss with by the report are in agreement with the books of account, d) The expenditure incurred was for the purpose of the Company's business. Dated: Dhaka FAMES & R 24 October, 2019 Chartered Accountants ANLIMA YARN DYEING LIMITEDStatement of Financial Position Anlima Yarn Dyeing Limited As on June 30,2019 Notes ASSETS Non-Current Assets 274,162,792 290,593,260 Property Plant and Equipment 3.00 75017978 BS Aa aa Security Deposits 400 iiaaaie viaagia Current Assets 150,617,988. 135,620,971 Inventories, 5.00 35,574,158 45,952,052 Sundry Receivables 600 89,546,851 87,095,999 ‘Advance to employees & other 7.00 396,309 977/403 Cash and Cash Equivalents 8.00 4,100,874 1615517 TOTAL ASSETS 424,780,780 426,214,231 EQUITY AND LIABILITIES Shareholders’ Equity 197,503,324 197,556,987 Issued Share Capital 9.00 1785878000 178,878,000 General Reserve 10.00 8,162,461 8,162,461 Dividend Equalization Reserve 11.00 302,178 302,178 Foreign exchange translation gain/(loss) 1200 114137 A Retained Earnings 13.00 10,246,548 10414348 Non-Current Liabilities 33,075,794 Deferred Tax Liability 1400 35,075,75 Current Liabilities 195,263,612 195,581,450. Short Term Loan 1500 754067,392 150,421,247 Sundry Creditors 16.00 6,270,008 5,313,532 Other Liabilities 17.00 1534332 12)209/895 Liabilties for Expenses 18.00 7256348 7346975 WPF 19.00 1714137 168,602 Provision for Current Tax 20.00 121406792 11,019,105 Dividend Payable 21.00 12014603 8,102,093 TOTAL EQUITY AND LIABILITIES Taaa7e0780 = 426,214,231 Net Asset Value per share 22.00 “The annexed notes form an integral pat of these financial statements These financlal statements were authorized for issue by the Board of Directors on 24 October, 2019 and were signed onits behalf by: el ee eee Hubbun Nahar Hoque fahrmudl Hoque M. Abul Kalam Mzzamdar ‘ign Haque M Jahangir Alm Chaiperson Managing Decor chit Fnancal officer Director Company Secretary 2 “This s the Statement of Financial Postion referred toin our separate report of even date Sys) arate rep femeed_ Place: Dhaka Rea Bate:24 October 2019 chanted Rectan ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019Statement of Profit or Loss & Anlima Yarn Dyeing Limited Other Comprehensive Income For the year ended June 30, 2019 Notes ‘Amount in Taka 30.06.2019 30.06.2018 INET SALES REVENUE 23.00 167,905,483 183,033,671 Cost of Goods Sold 2400 137,355,418) 150,453,165) GROSS PROFIT 30,550,064 32,580,506 OPERATING EXPENSES Administrative Expenses 25.00 (15,797,040) (16,135,226) Selling & Distribution Expenses 2600 (1/925018) (21461245) Operating Profit —12528,005 15,984,035" Financial Expenses 27.00 (1371,766) (1813,304) Profit Before Contribution to WPPF 11,456,240 12,170,731 Contribution to WPPF (545,534) (579559) PROFIT BEFORE TAX 10,910,706 11,591,172 Tax Expens Current Tax 2001 (2,698,556) (2.634938) Deferred Tax 1400 1,061,950 396,262 Net profit after tax or the period 9,274,100 9,852,496 Other income 2800 114,137 p Total Comprehensive Income Basic Earnings Per Share 29.01 ‘The annexed notes form an integral part of these financial statements. These financial statements were authorized for issue by the Board of Directors on 24 October, 2019 and were signed on its behalf by: bun NAvohe afb. — haga Nogue- Hubbun Nahar Hoque ‘Mahrmudul Hoque M.Abul Kalam Mazaindar ‘Aniga Haque M.Jahangie Alors Chairperson. Managing Director Chief Financial Officer Director Company Secretary 2. isis the Statement of Profit or Loss & Other Comprehensive Income referred to in our separate report of even date, 2 Thisis the Statement of Profit or Loss & Other Comprehensive Income referred t araereportofevendae, Fm Oe? Place: Dhaka FAMES &R Date: 24 October, 2019 Chartered Accountants ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LIMITEDStatement of Changes in Equity Anlima Yarn Dyeing Limited For the year ended June 30,2019 [Amountin Taka Share Capital General—_Dividend_ EI", etainad Total Equity fasarve Comings sainfios) Balance as on July 1.2018 178678000 8.162461 302.178 = 10414348 197556987 Net profit after tax for the period A 5 ;| = 9274100 9274100 Other comprehensive income/loss) : - - 14137 - 114937 Dividend declared during the period : : : = (9,441,900) (9,447,900) Balance as on June 30,2019 302,178 114,137 _10,246/548 197,503,324 Statement of Changes in Equity For the year ended June 30,2018 Amount in Taka ShareCepitel General Dividend SIS, Retained Total Equty Reserve Equalization (EMME Ermings Reserve gain/(loss) Balance as on July 01,2017 178578000 8162461 302.178 = 10908752 197,146,391 Net profit after tax forthe period ; 5 - - 9852498 9852496 other comprehensive income/loss) 5 5 - 5 ; ; Dividend declared during the period : - : 2 Balance as on June 30,2018 "7w676,000_ —e1e2a61 302178 ___—~—*10 T4548 197.556 987_ ‘The annexed notes form an integral part of these financial statements.These financial statements were authorized for issue by the Board of Directors on 24 October, 2019 and were signed on its behalf by NAat. ¢ Hhbuss c —a! Inga Nague- M, Abul Kalam nazar tiga Haque MJshangicAam Hubbun Nahar Hoque Mahmidul Hoque Chairperson. Managing Director Chief Financial Officer Director Company Secretary ‘Thisis the Statement of Changes in Equity referred ton our separate report of even date. prek Place: Dhaka Date: 24 October 2019 ANLIMA YARN DYEING LIMITED FAMES &R Chartered Accountants ANNUAL REPORT 2018-2019. . Statement of Cash Flows Anlima Yarn Dyeing Limited For the year ended 30 June, 2019 ‘Amount in Taka 30.06.2019 30.06.2018, Cash Flow from Operating Activities: Cash Collection from Customers & other ash Paid to Suppliers & Employees Cash Generated from Operations 20,579,143 25,216,716 Financial Expenses (14,899,872) (19,369,307) Income Tax Paid (1,310,868) (1,196,975), Net Cash Generated from Operating ac 4,368,402 4,650,434 Cash Flow from Investing Activities: ‘Acquisition of Plant, Machinery, Furniture and Equipment co Net Cash( Used)/ generated in Investing Activities (420,640) ‘Cash Flow from Financing Activities: Short Term Loan Received /(Repayment) 646, TAS SOOT Payment of Dividend (5,529,390), (6,952,476) Net Cash flow/(used) in Financing Activities (1,883,245) (7,002,547) Net Increase/(Decrease) in Cash & Cash Equivalent 2,485,157 (2,772,753) Effect of exchange rate changes on cash and cash equivalent : : Cash & Cash Equivalent at the beginning of period (615,517 4,388,270 Cash & Cash Equivalent at the closing of period 4,100,674 1,615,517, Net Operating Cash Flow per Share (Note: 30) 0.24 0.26 ‘The annexed notes form an integral part ofthese financial satements-These financial statements were authorized fo issue by the Board of Directors on 24 October, 2019 and were signed on its behalf by: v Habs Nhat afb. 0) Rage Vague. Hubb Naar Hoque Mahmidul Hoque M. Abul Kalam azar fara Mangia Chaperson Mansging Director che Finacal omer rec company Secretary Thisis the Statement of Cash Flows referred to In our separate report of even date. Place: Dhaka Date: 24 October, 2019 Chartered Accountants ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LIMITEDNotes to the Financial Statements For the year ended on June 30, 2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) ANNUAL REPORT 2018-2019 1.0 Material information of the entity 1.1 Legal Status of the Company ‘The Anlima Yatn Dyeing Limited (hereinafter referred to as’AYDUY, a member of Anlima Group, was incorporated in Bangladesh as a private limited company on October 24, 1995. It went for public issue of shares in 1997 and commenced commercial operation on March 30, 1998. The shares of the company are listed both in the Dhaka and Chittagong Stock Exchanges of Bangladesh, 1.2 Registered office of the company ‘The registered office of the company is located at Suite # 4/3, City Heart, 67, Naya Paltan, Dhaka~1000 and the factory is located at Karnapara, Savar. 1.3 Nature of Business Activities ‘The company owns and operates a 100% export oriented yarn and sewing thread dyeing facility. It markets sewing thread and provides yarn dyeing services to different knitting, weaving and garments factories. The company employed 264 employees as of June 30, 2019. 2.0 Basis of Preparation and Significan Accounting Policies 2.1 Basis of Measurement of Elements of Financial Position ‘The financial statements have been prepared on the Historical Cost convention basis and therefore, do not take into consideration the effect of inflation. The accounting polices, unless otherwise stated, have been consistently applied by the Company and are consistent with that of the previous year. 2.2 Statement on Compliance with Local Laws ‘The financial statements have been prepared in compliance with the requirements of the Companies Act, 1994, The Securities and Exchange Rules, 1987 and other relevant local laws as applicable. 2.3. Statement on Compliance of International Accounting Standards The financial statements have been prepared in accordance with the applicable International Accounting Standard (IASs)_ and International Financial Reporting Standard (IFRSs) adopted by the Institute of Chartered Accountants of Bangladesh (ICAB). 2.4 Going Concern ‘A company is required to make assessment at the end of each year to assess its capability to continue as going concern, Management of the company makes such assessment each year. The company has adequate resources to continue in operation for the foreseeable future and has wide coverage of its liabilities. As such the Directors continue to adopt the going concern assumption while preparing the financial statements. 2.5 Accrual Basis The financial statements have been prepared, except cash flow information, using the accrual basis of accounting. 2.6 Reporting Period The Financial year of the company covers a period of 12 months from 01 July 2018 to June 30, 2019, 2.7 Revenu Revenue Recognition Revenue has been recognized as per IFRS 15: Revenue from contract with ‘customers under 05 (five) step approach of recognizing revenue. According to the core principal of IFRS 15,the entity has recognized revenue to the depict transfer of promise goods or service to custom in ‘an amount that reflects the consideration (payment ) to which the entity ‘expects to be entitled in exchanging for those goods or services. 05 (five) step approach applied are as follows: i Identify the contract ii Identify the separate performance obligation ii, Determine the transaction price iv. Allocate the price to the performance obligations v. Recognize revenue. [ANLIMA YARN DYEING LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTD.) |ANLIMA YARN DYEING LIMITED 2.8 Cash and Cash Equivalent and Statement of Cash Flows Cash and cash equivalents comprise cash in-hand and in current account that are readily convertible to a known amount of cash, and that are not subject to significant risk of change in value. The Statement of Cash Flows is prepared using the Direct Method as stipulated in IAS-7: Statement of Cash Flows. 2.9 Inventories Inventories comprises of Raw materials, Work-in-Process and Finished goods and Goods in Transit. Raw materials have been valued at the lower of cost and net realizable value in compliance with the requirement of IAS-2: Inventories. The cost is calculated on weighted average method, Work-in-Process has been valued at prime cost basis, as required by IAS-2 with proportionate addition of Factory Overheads. Finished goods have been valued at cost of material and other production overhead attributable to bringing the goods to the stage of sale under the convention of IAS-2 2.10 Property, Plant and Equipment (a) Initial Recognition and measurement Property, plant and equipment are capitalized at cost of acquisition and subsequently stated at cost or valuation less accumulated depreciation in compliance with the requirements of IAS-16: Property, Plant and Equipment. The cost of acquisition of an asset comprises its purchase price and any directly attributable cost of bringing the assets to its working condition for its intended use inclusive of inward freight, duties, non-refundable taxes and un-allocated expenditures etc, (b) Subsequent Costs The cost of replacing part of an item of property, plant and equipments is recognized in the carrying amount of an item if itis probable that the future economic benefits embodied within the part will flow to the company and its cost can be measured reliably. The costs ofthe day-to-day servicing of property, plant and equipment are recognized in the statement of comprehensive income as "Repair & Maintenance’ when itis incurred (c) Depreciation on Fixed Assets Depreciation is provided to amortize the cost or valuation of the assets after commissioning, over the period of thelr expected useful lives, in accordance with the provisions of IAS-16: Property, Plant and Equipment, Depreciation on addition of fixed asset begins when it is available for use. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale. Depreciation is charged cn all fixed assets except land and land developments on Reducing Balance Method. Rates of depreciation are noted below: Particular of Assets Rate of Depreciation Factory Building and Civil Construction 250% Plant and Machinery 6.57% Electrical Installation 20.00% Furniture and Fixture 20.00% Office Equipment 20.00% Vehicle 20.00% ‘The gain or loss on disposal or retirement of assets is included in statement of profit or loss & other comprehensive income when the item is disposed off/derecognized 2.11 Impairment of Assets All assets, except inventory, arising from construction contracts and financial assets is assessed at the end of each reporting period to determine whether there is any indication that an asset may be impaired. If any such indication exists the company assesses the recoverable amount. I, and only if, the recoverable amount of an asset Is less than its carrying amount, the carrying amount of the asset Is reduced to its recoverable amount. The reduction is an impairment loss. {An impairment loss is recognized immediately in statement of profit, of loss & other comprehensive Income, unless the asset is carried at revalued amount in accordance with another standard. Any impairment loss of a revalued asset is treated as a revaluation decrease, No such assets have been impaired during the year under audit and for this reason no provision has been made for impairment. of assets, ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 2.12 Foreign Currency Transactions Foreign currency transactions ate recorded, on initial recognition in the functional currency at the spot exchange rate ruling at the transaction date, [At the end of each reporting period, in compliance with the provision of IAS-21: The Effects of Changes in Foreign Exchange Rates are determined as under: (@)__ Foreign currency monetary items are translated using the losing rate (6) Non-monetary items that are measured in terms of historical ‘costs ina foreign currency are translated using the ‘exchange rate at the date of the transaction. (6 Non-monetary item that are measured at fair value ina foreign currency is translated using the exchange rate at the date when the fair value is determined, Exchange differences arising on the settlement of monetary items of fon translating monetary Items at rate different from those at which they were translated on initial recognition during the period or in previous financial statements is recognized in profit or loss in the period in which they arise. There was no foreign currency balance as on balance sheet date. 2.13 Borrowing Cost Borrowing costs are interest and other costs that an entity incurs in connection with the borrowing of fund and are recognized as an expense in the year in which it incurs 2.14 Risk and uncertainty for use of estimates (Provisions) The preparation of Financial Statements in conformity with International Accounting Standards requires management to make estimates and assumptions that affect the reported amounts of revenue and expenses, assets and liabilities and disclosure requirements for contingent assets and liabilities during and the date of the financial statements. Due to inherent uncertainty involved in making estimates, actual result reported could differ from those estimates ANNUAL REPORT 2018-2019 In accordance with the guidelines in IAS-37: Provisions, Contingent Liabilities and Contingent Assets, provisions ate recognized in the following situations:~ + When the company has an obligation as a result of past events; + When it is probable that an outflow of resources embodying ‘economic benefits will be required to settle the obligation; and + Reliable estimate can be made of the amount of the operation, 2.15 Accruals & Deferrals Deferrals and accruals have been made as per the guidance in IAS-1 Presentation of Financial Statements. In order to meet their objectives, Financial Statements, except for cash flow statement and related information, are prepared on accrual basis of accounting. Under the basis, the effects of transactions and other events are recognized when ‘they occur (and not when cash orits equivalent is received or paid) and they are recorded in the accounting records and reported in the Financial Statements of the years to which they relate. Other Payables are not interest bearing and are stated at their nominal value. 2.16 Advances, Deposits and Prepayments Advances are initially measured at cost. After initial recognition advances are carried at cost less deductions or adjustments, Deposits are measured at payment value. Prepayments are initially measured at cost. After initial recognition prepayments are carvied at cost less charges to the statement of comprehensive income. 2.17 General Reserve ‘The amount represents reserve created during the tax holiday period from 1998 to 2003 2.18 Financial Instruments, Non-derivative financial instruments comprise accounts and other receivables, cash and cash equivalents, borrowings and other payables and are shown at transaction cost. ANLIMA YARN DYEING LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTD.) ANLIMA YARN DYEING LIMITED Initial recognition {An entity recognizes a financial assets or liabilities in its statement of financial position when, and only when, the entity becomes a party to the contractual provision of the instrument and subsequently recognized at their Amortized Cost Bills receivable are recognized at cost or net realizable value from the ordinary course of sales in the market whichever is lower. Bills receivables from foreign currency transactions are recognized into Bangladeshi Taka using exchange rates prevailing on the closing date of the accounts in accordance with IAS-21: The Effects of Changes in Foreign Exchange Rates. 2.19 Segment Reporting ‘As the Company operates in a single industry segment, so no segment reporting is applicable for the Company as per IFRS-8: Operating Segments. 2.20 Related Party Disclosures The information as required by IAS-24: Related party Disclosures has been disclosed separately in notes-31 to the financial statements. 2.21 Corporate Tax (a) Current Tax Provision for current income tax has been made 15%, as prescribed in the SRO 193-Law/Income Tax/2015, dated: 01 July 2015, on the profit ‘made by the company making some adjustment as per!TO 1984 and in compliance with IAS-12: Income Tax. Current tax is recognized in statement of profit or loss & other comprehensive income except to the extent that it relates to business combination or item recognized directly in equity. (b) Deferred Tax Deferred tax liabilities are the amount of income taxes payable in future years in respect of taxable temporaty differences. Deferred tax assets are the amount of income taxes recoverable in future years in respect of deductible temporary differences. Deferred tax assets and liabilities are recognized for the future tax consequences of timing differences arising between the carrying values of assets, liabilities, income and expenditure and their respective tax bases. Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or subsequently enacted at the reporting date. ‘The impact on the account of changes in the deferred tax assets and liabilities for the year ended June 30, 2019 has been recognized in the statement of profit or loss & other comprehensive income as per IAS-12: Income Taxes. 2.22 Contingent Assets and Li A contingent asset is disclosed when it isa possible asset that arises from the past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. A contingent liability is disclosed when itis a possible obligation that arises from the past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. The company has no contingent assets or liabilities which require disclosure under IAS-37: Provisions, Contingent Liabilities and Contingent Assets. A contingent asset is disclosed as per IAS-37, where an inflow of or economic benefits is probable. A contingent liability is disclosed unless the possibility ofan outflow of resources embodying economic benefits is remote 2.23 Earnings per Share The company calculates Earnings Per Share (EPS) in accordance with the requirement of JAS-33: Earnings per Share, which has been shown tn the face of the Statement of Comprehensive Income. (a) Basic earnings This represents earnings for the period ended June 30, 2019 attributable to the ordinary shareholders. As there was no preference dividend, minority interest or extra ordinary items, the net profit/oss for the year has been considered as fully attributable to ordinary ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) shareholders. (b) Weighted Average Number of Ordinary Shares This represent the number of ordinary shares outstanding at the beginning of the year plus the number of ordinary shares issued during the year multiplied by a time-weighting factor. The time-weighting factor is the numbers of days the specific shares are outstanding as @ proportion of the total number of days in the period. (c) Basic earnings per share This has been calculated by dividing the basic earning by the weighted average number of ordinary shares outstanding forthe period (d) Diluted Earnings Per Share Diluted EPS is calculated if there is any commitment for issuance of equity shares in foreseeable future, ie, potential shares, without inflow of resources to the Company against such issue. Dilution of EPS is not applicable for these financial statements as there was no dlilutive potential atthe reporting date. 2.24 Re-arrangement of figures ‘The company has not re-arranged any figure in previous year's financial statements, 2.25 Application of International Accounting Standards (IAS & IFRS) ‘The Financial Statements have been prepared in compliance with requirement of IAS/IFRS as adopted by The Institute of Chartered ‘Accountants of Bangladesh (ICAB) and applicable in Bangladesh, The following standards are applicable for the financial statements for the period under review: IAS-1 Presentation of Financial Statements IAS-2 Inventories IAS-7 Statements of Cash Flows IAS-8 Accounting Policies, Changes in Accounting Estimates and Errors IAS-10 Events after the Reporting Period IAS-12 Income Taxes ANNUAL REPORT 2018-2019 1AS-16 Property, Plant and Equipment 1AS-21 The Effects of Changes in Foreign Exchange Rates 1AS-23 Borrowing Costs 1AS-24 Related Party Disclosures 'Ws-32 Financial instruments: Presentation AS-33 Earnings Per Share (EPS) 'AS-37 Provisions, Contingent Liabilities and Contingent Assets 145-39 Financial Instruments: Recognition and Measurement IFRS-7 Financial Instruments: Disclosures IFRS-8. Operating Segments IFRS-13 Fair value measurement IFRS-15 Revenue from Contracts with Customers 2.26 Authorization date for issuing Financial Statements. The financial statements were authorized for issue by Board of Directors on 24 October, 2018. 2.27 Reporting Currency ‘The financial statements are prepared and presented in Bangladesh Currency (Taka), which is the company’s functional currency. 2.28 Structure, Content and Presentation of Financial Pesition Being the general purpose financial statements, the presentation of these financial statements is in accordance with the guidelines provided by IAS 1: Presentation of Financial Statements. A complete set of financial statements comprise: 0 ii) ity wy y) vi) Statement of Financial Position as at June 30, 2019. Statement of Profit or Loss & Other Comprehensive Income for the year ended June 30, 2019 Statement of Changes in Equity for the year ended June 30, 2019. Statement of Cash Flows for the year ended June 30, 2019, Notes comprising a summary of significant accounting policies and other explanatory information to the Financial Statements for the year ended June 30, 2019. Comparative Statement of Financial Position of June 30,2018, [ANLIMA YARN DYEING LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTD.) [ANLIMA YARN DYEING LIMITED 2.29 Risk Exposure (a) Exchange Rate Risk ‘Anlima Yarn Dyeing Limited 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 company’s liquidity and profitability and expose a threat to the stability of the Company. ‘Management Perception: Anlima Yarn Dyeing Limited 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 Movement in the exchange rate adversely may expose the company to risks of foreign currency loss, (b) Industry Risks () Market demand The products of Anima Yarn Dyeing Limited are sold to intemational ‘market. The Company's products are inputs to the country’s textile exporters. Their demand for products mostly depends upon export orders of the textile sector. Any economic recession, changes in tastes and fashions of the consumers, national income and other related factors may cause to decline the market demand for the products of the company, ‘Management Perception: Anlima Yarn Dyeing Limited 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. i) Competition Anlima Yarn Dyeing Limited 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 ‘Anlima Yarn Dyeing Limited employs their efficiencies; ‘expertise and discretions to minimize the cost of its products. (i) Rising of Raw Materials costs ‘The cost of yarn and other chemicals are rising gradually and drastically round the year. It may hamper the profitability of the company to a ‘greater extent. ‘Management Perception: ‘Anlima Yarn Dyeing Limited is aware of the continuing market situation of its raw materials. The management of Anlima Yarn Dyeing Limited 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. (€) Risks steaming from technological changes Changes in technologies may reduce the cost efficiency of the company. ‘Management perception: ‘Anlima Yarn Dyeing Limited applies the latest technology in the yarn process in the production. The machineries and ‘equipment of the company are also the latest invention in the sector which is imported from renowned manufacturers of the world, ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) (d) Other risk factors (i Political Unrest Bangladesh is prone to serious unrest in the political condition ‘embraced by Strike, Road-Block and many other politicized barviers to the business. Due to these factors it would stem the cost of the product upwards. Management Perception: During the last forty one years of post-independence period, Bangladesh has gone through a variety of politica 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 politica situation in Bangladesh. (i) Possible slowdown in economic growth in Bangladesh (Our performance and growth are dependent on the sound 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 energy prices and various other factors. Any significant change may adversely affect our business and economy significantly Management Perception: Bangladesh economy is growing for last few years. Consistent industrial growth along with incteased agricultural production hhas 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, (ai) Natural calamities: Natural calamities are common phenomenon in Bangladesh. Such calamities act as threat to the business. ANNUAL REPORT 2018-2019 ‘Management perception: This type of situation is beyond the control of human being. Though the management of Anlima Yarn Dyeing Limited has a very litle to do with, it can and should have some precautions ‘or measures to minimize the damage of the business in such situations. The company complies with all applicable ‘compliances and adequately insured from a reputed insurance company of the country, ANLIMA YARN DYEING LIMITED.NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 3.00 Property, Plant & Equipment Cost: Opening balance at cost ‘Add : Addition during the year ‘Add : Disposed / Sold during the period Total-A Depreciati Opening balance Charged during the period Total-8 Written Down Value (A-B) 4.00 Security Deposit Bangladesh Telecommunications Company Ltd (BTCL) Mobile Operators (Different Operators) Titas Gas Transmission and Distribution Co. Lt. Rural Electrification Board (REB) Central Depository Bangladesh Ltd. (CDBL) Total 5.00 Inventories This consists of Raw Materials Finished Goods Packing Materials Work-in Process Spares & Stores, UCin Transit Total ANLIMA YARN DYEING LIMITED 501 5.02 5.03 ‘Amount in Taka 30.06.2019 _ 30.06.2011 639,626559 639,205,919 2 420/640 639,626,559 639,626,559 639,626,559 _ 639,626,559 350,178,113 332572770 16 430,468, 17,605,343 366,608,581 _ 350,178,113, 366,608,581 273,017,978 18,500 15,000 459,325, 351,989 300,000 7144,814, 39584518. 8,766,883, 434,605, 584,177 1,022,933 5,181,037 155,574,154 350,178,113 448 AAG. 18,500 15,000 459,325 351,989 300,000 7144,814, 35,234,602 8,645,349 901/418 791,481 359,202 45,932,052 ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 5.01 5.02 5.03 6.00 6.01 ANNUAL REPORT 2018-2019 Raw Mate Dyes Chemicals Grey Polyester Yarn 30.06.2019 21638 15870859 Seas ‘eaaasin sree 39s0as18 Total Finished Goods Yam dyeing Sewing Thread Total PACKING MATERIALS. Poly Bag -ST (Kg) Plastic Cone (PCs) Paper Cone (PCs) Paper Tube (PCs) Poly Bag - YD (KG) Cartoon - ST (PCs) Textile Wax (PCS) Plastic Bag (PCs) Total Sundry Receivables Opening ‘Add: Sales during the period Net Unrealized FOREX gain/{loss) Less: Received during the period Total Disclosure as per Schedule-XI, Part-I, of The Companies Act, 1994 Maturity less than 6 months Maturity more than 6 months Total Debts considered Good & Secured Debts considered Good without security Debts considered doubtful & bad Debts due by directors of other officers & staffs Debts due from companies under same management Maximum debt due by directors or officers & staffs at any time 2,357,221 6,409,662, 8,766,883, 101,109 109,848 94,321 49,140 3,326 22,469 17975 31417, 234,605 30.06.2018 Quantity (Kg) _Value (Tk.) 27437 16,205,180 32977 4,362,370 65,885 14,667,052 35,234,602 20330 2,228,629 17,831 6,416,720 38,161 8,645,349 175585 93,600 168,600 88,425 206,624 45,425, 21,185 101,974 301,418 30.06.2019 30.06.2018 87,095,999, 67,171,045 167,905,483, 183,033,672 114,137, 255,115,619 250204717 165,568,768. 163,108,718. 87,095,999. 82,734,604 87,095,999, 6,812,247 89,546,857 87,095,599 89,546,851 87,095,999) ANLIMA YARN DYEING LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTD.) 7.00 7.01 8.00 9.00 [ANLIMA YARN DYEING LIMITED. Advance to employee and Others Employee Loans & Advances Prepaid expenses Total Disclosure as per Schedule-XI, Part 1, of the Companies Act, 1994 Maturity less than 6 months Maturity more than 6 months Total Debts considered Good & Secured Debts considered Good without security Debts considered doubtful & bad Debts due by directors or other officers & staffs Debts due from companies under same management Maximum debt due by directors or officers & staffs at any time Cash & Cash Equivalent Cash in Hand Cash at Banks in Current Account Dutch Bangla Bank Ltd.-A/C No. - 101-110-25253 National Bank Ltd. - A/C No. 0233148219 Sonali Bank Ltd. - A/C No. 442633012934 United Commercial Bank Ltd. - A/C No. 00011 1000 97386 Total Share capital Authorized Capital: 20,000,000 Ordinary Shares of Tk. 10/-each Issued, Subscribed & Paid-up Capital Ordinary Shares of Tk.10/- each fully paid-up in cash by Sponsors Ordinary Shares of Tk.10/- each fully paid-up in cash by General public. Ordinary Shares of Tk.10/- each fully Paic-up in cash by Institution Total Composition of Shareholdings: Sponsors General Public Institute Total ‘Amount in Taka 30.06.2019 30.06.2018 432,500 523,829 963,809 453,574 7,396,309) 977,403. 1,396,309 977,403 7,396,309) 377, 432,500 523,829 887,520 972,921 3213154 642,596 308,574 619,278 535, 1,685 2,703,820 20,258 13 4,100,674 7,615,517, 200,000,000, __ 700,000,000 84,384,000 184,384,000 74,519,430 77,262,630 19,774,570 17,031,370 78;678,000- 178,678,000 No. of Shares BASEAOO | BABE AOD 7,451,943 7,726,263, 1,977,457, 1,703,137 17,867,800 | [17,867,800 ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) Distribution Schedule - Disclosures under the Listing Regulations of Stock Exchangs The distribution schedule showing the number of shareholders and their shareholdings in percentage has been disclosed below as per requirement of the Listing Regulations of Dhaka and Chittagong Stock Exchanges: Sharcholden'vange Wo. of Shareholders %of Shareholding Number of Shares Z 2017-2018 2018-2019 2017-2018 2018-2019 | 2017-2018 7t0500 2838 o% o% 7,063,792 | 1,081,336 501 t0 5,000 1080 13% 125 23711967 | 2,135,428 5,01 to 10,000 175 3% 7% tassii9 | 11326021 10,001 to 20,000 98 3% 8% 1351917 | 1/410,609 20,001 to 30,000 32 a re ‘56820 | 754,071 30,001 to 40,000 2 6 2% esisit | 405,108 40,001 to 50,000 " 2% 3% aogsss | 491,436 50,001 to 1,00,000 7 3% 3% 55866 | 472,744 1,00,001 to 10,00,000 7 36 12% 1616551 | 2,089,687 ver 10,00,000 2 43% 43% 7,701,400 | _7.701,400 Total 08 F252 10096 00% | 17,867,800 [17,867,800 Performance of Anlimas Shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) during 2018-19 Particulars DSE 3 Code 447 725 Number of shares traded during the year 81623010 | 3456211 Price Movements Highest 48.90 49.00 Lowest 29.40 29.40 Closing Price as on June 30, 2019 4070 4090 Market Capitalization ra72i9460 | 730,793,020 Voting Rights: The rights and privileges of the shareholders are stated in the Articles of Association of the company. ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTD.) [ANLIMA YARN DYEING LIMITED 10.00 General Reserve ‘The amount carried forward from previous year. Total 11.00 Dividend Equalization Reserve Balance carried from previous year Total 12.00 Foreign exchange translation gain/(loss) Opening balance ‘Add: Net Unrealized FOREX gain/(Ioss) Total 13.00 Retained Earning Opening balance ‘Add: Net Profit after Tax for the period Less: Dividend declared during the period Total As at 30 June 2019 Property, Plant and Equipment (except land) Revaluation surplus - Property, Plant and Equipment Total taxable temporary difference Tax on business income Total closing deferred tax liabilities/(assets) Total opening deferred tax liablities/(assets) Total deferred tax expense/{income) ‘As at30 June 2018 Property, Plant and Equipment (except land) Revaluation surplus - Property, Plant and Equipment Total taxable temporary difference Tax on business income Total closing deferred tax liabilities/(assets) Total opening deferred tax liabilities/(assets) (Restated) Total deferred tax expense/(income) ‘Amount in Taka 30.06.2019 _ 30.06.2018 8,162,461 8,162,461 8,162,461 8,162,461 302,178 302,178 302,178 302,178 114137 z 114,137, 10,414,348 10,003,752 9,274,100 9,852,496 19,688,448 19,856,248 (9,441,900), (9,441,900) 10,246,548 414,345 Carryin Taxbase _Taxable/ deductible amount temporary difference 252,925,381 39,499,763 213,425,628 Tasyeasae1 3588763 Tas 15% 32,013,844 33,075,794 (1,061,950) carrying Taxbase _Taxable/deductibie Smount temporary difference 269355859 48,850,565 220,505,294 269355859 45850565 Tings 358 15% 33,075,794 33,972,056, (96,262) ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 15.00 Short Term Loan Cash Credit, Sonali Bank Total * These are secured by first charge on the inventories, second charge on the fixed assets of the company and third charge on Conifer Tower apartments (4444 sft) of the Group's sister concern Anlima Buildtech Limited. The interest rate applied to the loan is 9.00% per annum, 16.00 Sundry Creditors Sundry Creditors Payable for Purchase of raw materials Total Anlima Textile Limited Total 18,00 Liabilities for Expenses Salary & Wages Payable Office Rent Payable Provision for Utilities Provision for Audit Fee Other Accrued Expenses Provident Fund Total 19.00 WPPF Opening Balance ‘Add: Addition during the period Total 20.00 Provision for Current Tax Opening Balance ‘Add: Provision during the period Less:Tax Paid Total ANNUAL REPORT 2018-2019 ‘Amount in Taka 30.06.2019 _ 30.06.2018 154067,392 __ 150,421,247 154,067,392, __150,421,247 1,918,447 2,529,441 4,351,561 2,784,091 270,01 5,31 1,534,332 32, 5,238,302 4,204,149 22,800 > 520,106 1,338,704 90,004 90,004 967,912 640,301 417,223, 1,073,818 7,256,347 7,346,976 1,168,602 589,043 545,534 579,559 1.714.137, 7,168,602, 11,019,105 9,581,142 2,698,556 2,634,938 13,717,661 12,216,080 11,310,869) (1,196,975) 12,406,792, _ 11,019,105. ANLIMA YARN DYEING LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTD.) ANLIMA YARN DYEING LIMITED 20.01 Provision during the year Profit before tax ‘Add: Accounting Depreciation Less: Depreciation as per tax rules Taxable income for the period Rate of Tax Tax on Business ‘Add: Additional Provision Total Provision for the period 21.00 ividend Payable pening Balance ‘Add: Dividend declared during the period Less: Paid during the period Closing Balance 22.00 Net Asset Value (NAV) per Share : Shareholders’ Equity (a) Number of ordinary Shares Outstanding (b) Net Asset Value per Share (a+b) 23.00 Net Sales Revenue Yarn Dyeing Charges Sale of Sewing Thread Total ‘Amount in Taka 30.06.2019 _ 30.06.2018 10,910,706 11,591,172 16,430,468 17,605,343 (9350802) __ (11,630,265) 17,990,372 ‘17,566,250 15% 15% 2,698,556 2,634,938, 2,698,556 2,634,938 8,102,093 5.612668 9,441,900 9,441,900 17,543,993 15,054,568 (5,529,390) (6,952,476) 12,014,603. 8,102,093 197,503,324 ‘197,556,987 17,867,800 11.06 30.06.2019 30.06.2018 Quantity (Kg) Value (Tk) Quantity (Kg) Value (Tk.) 554,438 77,092,685 720430 104,026,808, 206,007 90,812,798 198,621 79,006,863 760,445 167,905,483 919,051 183,033,671 ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) Amount in Taka 30.06.2019 _30.06.201: 24.00 Cost of Goods Sold Raw Materials Consumed 2401 47,368,477 61,753,135 Packing Materials Consumed 2402 8,901,567 8,797,234 Manufacturing Overhead 2403 64,685,198. 65,688,101 Depreciation 16314407 17,464,190 Total cost of production 137,269,649 — 153,702,660 ‘Add: Opening Work-In-Process 791,481 1,083,032 Less: Closing Work-In-Process 584,177 791,481 Cost of Goods Produced 137,476,953 153,994,211 ‘Add: Opening Stock of Finished Goods 8,645,349 5,104,303 Cost of Goods available for Sale 146,122,302 159,098,514 Less: Closing Stock of Finished Goods 36,102,431 46,889,722 Cost of Goods Sold 737,355,419 24.01 Raw Material Consumed Dyes 2401.01 5,555,128 6,885,239 Chemicals 2401.02 718,714 13,685,600 Grey Polyester Yarn 2401.03 33,094,635 41,182,296 Total 47,368,477 __61,753,135 30.06.2019 30.06.2018 Quantity (Kg) _Value (Tk. Quantity (Kg) _Value (Tk.) 24.01.01 Dyes Consumed Opening Inventory 27,37 18,047,970 27781 13,373,238 ‘Add: Purchase 10,438 5,220,807 14318 9,717,181 Available for use 37575 23,268,777 42,059 23,090,419) Less: Closing Inventory 24,638 15,870,859 2737. 16,205,180 Consumed 12,937 24.01.02 Chemicals Consumed Opening Inventory 32977 4,362,370 82346 7,387,069 ‘Add: Purchase 206,363 10,395,155 265,224 10,660,901 Available for use 239340, 14757525 «7 STO 18,047,970 Less: Closing Inventory 56,943 6,038,811 32,977 4,362,370 Consumed 182,397, 8,718,714 314,593 _ 13,685,600 ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LIMITED.NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 24.01.03 Grey Polyester Yarn Consum ‘Opening Inventory ‘Add: Purchase Available for use Less: Closing Inventory Consumed 24.02 Packing Materials Consumed Opening Inventory Add: Purchase Available for use Less: Closing Inventory Consumed 24.03 Manufacturing Overhead Utilities Wages & Salaries Fuel and Car Expenses Insurance Premium Factory Office Refreshment Conveyance Factory Stationery, Telephone & Fax. Printing & Publication Interest on Working Capital Loan Value added Tax Total 25.00 Administrative Expenses Depreciation on Furniture & Fixture and Equipment Utilities Office Consumable Expenses Fuel and Car Expenses Salaries, Allowances & Benefits Employer PF Contribution Conveyance & Travelling Office Rent, Rate & Taxes Postage, Telephone, Mobile & Internet Bll (A YARN DYEING LIMITED. 30.06.2019 Quantity (Kg) _Value (Tk) 65,885 14,667,052 145,244 36,102,431 211,129 50,769,483, 75,309, 17,674,848 35.820, 33,094,635 30.06.2018 Quantity g)__Value (Th) _ 50114 88594626 198777 __4689°709 yaggoT —Ss-tosa8 5585 14667052 31,182.29 Amount in Taka 30.06.2019 _ 30.06.2018 901,418 739,108 8,434,754 9,544 9,336,172 9,698,652 434,605 901,418 7,820,889 38,892,214 1,171,108, 486,738 380,973 154797 521/038 278,773 13,528,106 2 9,083,212 36,821,677 955,653 110478 449,307 93,090 275,268 363,413, 17,556,003 TseeoT 29015 302,623 71,525 55,745 10,385,329 1/361,300 306,007 144,000 603,027 ANNUAL REPORT 2018-2019 35,288 236,070 182,005, 477,190 10,057,701 1444918 103,615, 172,650 597,473NOTES TO THE FINANCIAL STATEMENTS (CONTD.) Audit Fee Other Professional Fee Donation & Subscription Stationery & Consumables Office Refreshment License Renewal and Listing Fees AGM. Expenses Board Meeting attending fee Total 26.00 Selling & Distribution Expenses Depreciation on Furniture & Fixture and Equipment Fuel Expenses Delivery Expenses Promotional Expenses Salaties, Allowances & Benefits Office Refreshment Conveyance & Travelling Telephone & Mobile bill Total 27.00 Financial Expenses Bank Charges & Commission Total 28,00 Other Income Net Unrealized FOREX gain/{loss) Total 29.00 Basic Earnings Per Share (EPS) Disclosure Under BAS 33 "Earnings Per Shi 29.01 Basic Earnings Per Share The Computation of EPS is given below: Net profit for the period (a) Weighted average number of Shares (b) Basic EPS (a+b) 29.02 Weighted average /Total existing number of shares Opening number of shares outstanding ‘Add - Issued during the period 29.03 Number of Outstanding shares : Opening number of shares outstanding ‘Add - Issued during the period ANNUAL REPORT 2018-2019 ‘Amount in Taka 06.2019 _ 30.06.2018 115,000 115,000 18,750 17,250 65,300 53,900 359,963, 448,670 214093 184974 437,617 710,135, 1,477,146 1,247,787 50,600 50,600 35797,040- 16,135,226 105,865 609,762 335,494 95,000 820,210 7.330 426,539 61,045 2,461,245) 1,371,766 1,813,304 114137 114,137, = 9274,100 9,852,496 17,867,800. 17,867,800, 35 17,867,800 17,867,800 17,867,800_ _ 17,867,800. 17,867,800 17,867,800 17,867,800_ _ 17,867,800. [ANLIMA YARN DYEING LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTD.) ‘Amount Taka 30.06.2019 30.06.2018 30.00 Cash flows from operating activities — Statement of Cash Flows have been prepared in accordance with IAS 7 "Statement of Cash Flows” and the cash flows from the operating activites are shown under indirect method as activities Recontiliation of Cash Flows from operating activities Sales revenue 167,905,483 183,033,671 ‘Add: Opening Sundry Receivables 87,095,999. 67,171,045 Less: Closing Sundry Receivables (89,546,851) (87,095,999) Less: Cost of goods sold (137,355,419) (150,453,165) Less: Administrative expenses (15,797,040) (16,135,226) Less: Selling & Distribution expenses (1,925,018) (2,461,245), ‘Add: Depreciation 16,430,468 17,605,343 ‘Add: Decrease/(Increase) in Inventory (9,642,099), 9,823,974 ‘Add: Decrease/(increase) in Advance & Deposits (418,906), 3,425,126 ‘Add: (Decrease)/increase in Liabilities for expense (90,628) (682,022) ‘Add: (Decrease)/increase in Other liabilities (10,675,563) (15,015,317) ‘Add; (Decrease)/increase in Sundry Creditors 956,476 (1.555471) ‘Add: (Decrease)/inctease Foreign exchange translation gain/{loss) 114,137 - ‘Add: Interest on working capital loan 13,528,106 17,556,003, Less: Financial expenses (14899872) (19,369,307) Less: Income tax paid (1,310,869) (1,196,975) Net Cash Generated from Operating acti 4,368,403 4,650,434 Number of ordinary Shares Outstanding (b) 17,867,800 17,867,800 Net Operating Cash Flow per Share (a +b) 0.24) 0.26] [ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 31.00 Related party disclosures: The details of related party transactions during the year along with the relationship is illustrated below in accordance with IAS 24 articulars 30.06.2019 30.06.2018 Transacted Transacted. Name of the party Relationship with Company —_Nature of transaction amountin BDT amount in BOT Mrs. Hubbun Nahar Hoque __ Director Board meeting fee 11,500 11,500 ‘Mr. Mahmudul Hoque Director Board meeting fee 11,500 11,500 Mrs. Aniga Haque Director Board meeting fee 11,500 9,200 ‘Me. Alwi M Haque Director Board meeting fee 4,600 6,900 Mr. Ahmed Ullah Independent Director Board meeting fee 6,900 11,500 Mr.Md. Khurshed Hossain Independent Director Board meeting fee 4,600 E Anlima Textile Limited Sister Concern Inter Company 1.534332 12,209,895 23) Me Mahmudul Hoque i the Managing Director ofboth Anima atm Dyeing Limited and Anima Textile Limited. 'b)Anlima Yor Dyeing mites does nat hold any shae of Anima Text Limited {There sno loan to lrectors from the company. Anima Yarn Dyeing Limited has inter company transactions Anta Textile Limited as sister concern. 32.00 Disclosure of managerial compensation: 32.01 Compensation paid to the key management personnel of the company during the period is as follows : Name Designation 30.06.2019 30.06.2018 Mr. M Abul Kalam Mazumdar Chief Financial Officer 1,172,769 41,155,269, ASMJubaer™ Vice President (Production) 1,147,500 630,000 ‘Mr. Mohd. Nurun Nabi Asstt. Vice President (A&F) 780,000 769,150 Mr. Md. Habibur Rahman First Asstt. ice President (iT) 780,000 769,150 ‘Mr. Md, Mizanur Rahman Chow. First Astt, Vice President (Marketing) 648,250 623,000 * ASM Jubaer was notin service during July 17-Dec7 32.02. Total amount of compensation paid to all Officers during the period is as follows: Particulars Nature of Payment 30.06.2019 30.06.2018 Directors Board meeting fee 50,600 50,600 Officers & Executives Salary, bonus & other allowances 19033594 19.619,344 32.03 Aggregate amount of compensation to key management personnel: Particulars 30.06.2019 30.06.2018 Short-term employee benfits Nil Nil Post-employment benefits Nil Nil Other long-term benefits Nil Nil Termination benefits Nil Nil Share-based payment Nil Nil ANNUAL REPORT 2018-2019 [ANLIMA YARN DYEING LIMITED.Anlima Yarn Dyeing Limited Particulars Land and Land Development Factory Building and Civil Construction Plant and Machinery Electrical installation Furniture and Fixture Office Equipment Vehicle Total as on Jun. 30, 2019 Total as on June 30, 2018 Tica ANLIMA YARN DYEING LIMITED Property, Plant & Equipment ‘son June 30, 2019 (Amount in Taka) cost Depeiia ea | > | ee Le en oe reer ae (Sree (eres [eset (esse) [era (eee al (ecco ssenees rare yaar er von “ouaraore year soos2018 20052587 20092587 - - - = 20092587 69,262,496 697262496 250% 2164639 1190401 22836840 46,425,656 514679502 514679502 667% 296315710 14564865 310880575 203798927 7367539 7367539 200% 6740427 «= 125422~=—«gBa58AD 507650 14055384 14055384 200% 13398957 131285 13530288 525.141 7215.154 721554 200% 6719971 100837-—«gstta07 «403347 6953.97 6953897 20.00% 5365610 317657 51683267 1270630 39,526,558, = = Giganess9 Hora 1a Veasoaew “3060581 E0798 waaa05 919 a0 640 = 926559 Hans7a770 17405303 350,78 13. 1a9aanaae The depreciation charges during the year has been allocated in the Statement of Profit or Loss & Other Comprehensive Income as below: Head of Accounts Factory] Plant&] Electrical] Furniture] Equipment | _ Vehicle Total Building] Machinery| installation] Fixture Cost of Sales 1190401 | 14564805 | 125,422| 65,603 | soma | 317,657] 16314407 Administrative 5 5 5 teat | _12605 =[_29015 Marketing = = =| 49232 [37814 =| 87046 Total 190,401 [14,564,865 | 125,422 | 131,285 | 100,837 | 317,657 | 16,430,468, ANLIMA YARN DYEING LIMITED ANNUAL REPORT 2018-2019NOTES ANNUAL REPORT 2018-2019 ANLIMA YARN DYEING LAnlima Yarn Dyeing Limited Anlima Yarn Dyeing Limited Registered Office: Suite # 4/3, City Heart, 67 Naya Paltan, Dhaka-1000. 1 Registered office: Suite # 4/3, City Heart, 67 Naya Paltan, Dhaka-1000. PROXY FORM Bis ead We of hereby record my attendance at the 24° Annual General Meeting of the company to be held on Sunday, December 22, 2019 at 10:30 am, at Factory Premises, Karnapara, Savar, Dhaka-1340, being a member of Anlima Yarn Dyeing Limited, do hereby appoint Mr/Mrs Ms of Name of the Shareholder/Proxy _as my/our proxy to attend and vote for me/us on my behalf at the 24th Annual General Meeting of the company to be held on Sunday, December 22, 2019 at 10:30 a.m. at Factory Premises, Karnapara, Savar, Dhaka-1340. 80/ Folio No. ‘Aswitness my hand this day of 2018. Revenue : stamp Tk, 20/- {Signature of the Prom) [Signature ofthe Shareholder) (Signature of the Shareholder/Proxy) BO/ Folio. : Dated Dated : Signature Verified ‘Rathorized Signatory Note note: ‘Armerber etd a atten and vote 3 he general meting may appoint roxy tated and ote in ihe sea Tne pony Shareholders stnding the meeting in pein or by pony are reused complte the attendance sip and hand t over atthe entrance ofthe meeting hall. The erpected form duly stamped, mut be deposed at the Registered Ofce ofthe company not ater than 48 hours before the time fixed for the shareholders are requested o note tat entry of non-members restricted meetingAnlima Yarn Dyeing Limited a rd REGISTERED OFFICE Suite # 4/3, City Heart, 67 Naya Paltan Dhaka-1000, Bangladesh Phone: +880-2-49349881-4, 9341373, 48317216 Fax: +880-2-48317184 info@anlima.com Web : www.anlima.com FACTORY Kamapara, Savar, Dhaka-1340, Bangladesh Phone: =880-2-7745007, 7746095, 7745009 Fax: +880-2-7748614, 7746095, E-mail: operation@anlima.com abe & E :