RIZWAN & COMPANY Prepared Reviewed Schedule

Chartered Accountants By By

Client Dar Es Salaam Textile Mills Limited

Year end June 30, 2020 Date: Date:
Subject Loan from Sponsors

Objective: To ensure that completeness, existence and accuracy of Loan from Sponsors is not materially
misstated.

Work Done:
Verified opening balances with previous year audited accounts.
Closing balance agreed with GL

30-Jun-20 30-Jun-19
Code Particulars Ref
Rupees Rupees

Loan from Sponsors

BTOOL - SPONSOR LOAN 21,417,500 21,417,500

NILOFAR MUKHTAR - SPONSOR LOAN 14,932,097 15,332,097
ABIDA MUKHTAR - SPONSOR LOAN 52,242,500 52,422,500
AHMAD MUKHTAR - SPONSOR LOAN 12,277,439 6,350,000

Closing Liability - Net 100,869,536 95,522,097

Conclusion:
Based on the procedures performed conclusion obtained is satisfactory
 RIZWAN AND COMPANY Prepared Reviewed Schedule:
Chartered Accountants By: By:

Client : Dar Es Salaam Textile Mills Limited

Year end : June 30, 2020 Date: Date:
Subject : Ahmad Mukhtar - Sponsor Loan

Objective: To ensure that Completeness, Existence and Accuracy of Loan from Sponsors is not materially misstated.
Work Done:
1. Obtained detail of loan received during the period and ensured that it is according to agreement with the
sponsor.
2. Verified all transactions through bank statements of relevant banks through which such transactions were
made.

30-Jun-20
Code Particulars Ref
Amount

Ahmad Mukhtar

Opening balance 6,250,000

Add: Loan received during the period

Voucher Voucher
Bank Name B/S Date Amount
Date Number
7/3/2019 01-JVE-0004 Meezan 30-Jun-20 800,000
10/22/2019 01-JVE-0016 Meezan 30-Jun-20 50,000
10/29/2019 01-JVE-0006 Meezan 30-Jun-20 500,000
11/11/2019 01-JVE-0011 Meezan 30-Jun-20 600,000
11/21/2019 01-JVE-0010 Meezan 30-Jun-20 500,000
12/2/2019 01-JVE-0014 Meezan 30-Jun-20 1,050,000
12/17/2019 01-JVE-0018 Meezan 30-Jun-20 400,000
1/6/2020 01-JVE-0001 Meezan 30-Jun-20 500,000
1/28/2020 01-JVE-0007 Meezan 30-Jun-20 300,000
1/31/2020 01-JVE-0017 Meezan 30-Jun-20 500,000
2/4/2020 01-JVE-0002 Meezan 30-Jun-20 500,000
4/9/2020 01-JVE-0009 Meezan 30-Jun-20 200,000

5,900,000 5,900,000

Closing Balance 12,150,000

Conclusion:
 30-Jun-20
Code Particulars Ref
Amount
Based on the procedures performed conclusion obtained is satisfactory