ABC Textile Mills Limited

Statement of Financial Position

As on 30.06.2018

(Amount in thousands)
Particulars Note # 30.06.2018 30.06.2017 30.06.2016
Net Current Assets 16250 15050 16050
Property, Plant & Equipment 1 15500 15000 16000
Intangible Assets 50 50 50
Capital work in progress 700 0 0

Current Assets 33060 30960 29060

Advance, Deposit & Prepayment 2000 1400 1100
Bills Receivables 17500 18000 17000
Inventories 10000 9500 9000
Material in transit 550 350 250
Investment in shares 10 10 10
Cash & Cash Equivalent 3000 1700 1700
Total Assets 49310 46010 45110
Equity & Liabilities
Shareholder’s Equity 31420 29250 26660
Share Capital 12000 11550 10000
Share Premium 7000 7000 7000
Tax Holiday Reserve 1100 1100 1100
Revaluation Reserve 1320 1400 1360
Retained Earnings 10000 8200 7200

Non Current Liabilities 1395 1320 1155

Long Term Loan 45 70 105
Lease Finance 250 180
Deferred Tax Liability 1100 1070 1050

Current Liabilities 16495 15440 17295

Short Term Loan 13500 12500 14300
Current Portion of Long Term Loan 150 100 50
Liability for Expenses 350 420 350
Worker Profit Participation & 700 650 600
Welfare Fund
Provision for Tax 1500 1575 1500
Share Money Refundable 10 10 10
Dividend Payable 35 35 10
Bills Payable 250 150 475
Total Liabilities 17890 16760 18450
Total Liabilities & Shareholder’s Equity 49310 46010 45110

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 ABC Textile Mills Limited
Statement of Profit & Loss and Other Comprehensive Income
For the year ended 30.06.2018

(Amount in thousands)
Particulars Note # 30.06.2018 30.06.2017 30.06.2016
Export Revenue 33800 28500 28300
Less: Cost of Goods Sold 24130 19210 19320
Gross Profit 9670 9290 8980
Export Incentive 450 450 450
10120 9740 9430
Less: Administrative Expense 2 3910 3970 3720
Less: Selling & Distribution Expense 370 380 350
Operating Profit 5840 5390 5360
Less: Financial Expense 1300 1100 1500
Add: Other Income 5 2 1
Net Profit before WPPF 4545 4292 3861
Contribution to WPPF 220 210 190
Net Profit before Tax 4325 4082 3671
Less: Income Tax
Current Tax 440 510 485
Deferred Tax 30 35 60
Net Profit after Tax 3855 3537 3126

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 ABC Textile Mills Limited
Statement of Cash Flow
For the year ended 30.06.2018

(Amount in thousands)

Particulars 30.06.2018 30.06.2017 30.06.2016

Cash Flow from Operating Activities 5040 4560 3880

Cash Flow from Operating Activities -1740 -440 -950

Cash Flow from Financing Activities -2000 -4120 -1990

Opening Cash & Cash Equivalent 1700 1700 760

Closing Cash & Cash Equivalent 3000 1700 1700

Notes on Financials:

No. Particulars 30.06.2018 30.06.2017 30.06.2016

01 Net Property, Plant & Equipment 15500 15000 16000
Net Plant & Equipment 6850 7000 7700
Net Land & Building 7550 7200 7600
Net Furniture & Fixture 350 200 300
Net Other Fixed Assets 750 600 400
02 Administrative Expense 3910 3970 3720
Salary 1640 1780 1480
Depreciation 1130 1160 1200
Other Administrative 1140 1030 1040

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 Assumptions

1. Name of the Customer : ABC Textile Mills Ltd.

2. Nature of Business : Denim Fabrics Manufacturer
3. Legal Status of Business : Public Ltd. Co.
4. Year of Establishment : 2006 (Banking with us since 2015)
5. Credit Rating : Short Term: ST-3, Long Term: A+ (by CRISL)
6. Repayment History : Never been classified. But 5 nos. of LTR accounts have been
converted into Term Loan in the last 03 years.
7. Exposure of the Customer : Existing: Tk. 800.00 million, Approached for additional Term Loan
Facility of Tk. 100.00 million for expansion of production capacity.
8. Security Arrangement :  Charge creation with RJSC&F (1st charge) over fixed &
floating assets of the company by way of Hypothecation.
 R/M of factory Land & Building valuing Tk. 900.00 million
(MV) located outside of the municipal/city area.
 Personal Guarantee of all the directors of the company.
 Corporate Guarantee of another company (rated as 3 as per
BB’s rating mapping).
9. Succession Information : Ready successors with good capability
10. Experience of the : MD & each of next 02 tires executives have more than 10 years of
Management individual experience in the related line of business.
11. Change of Auditor : Auditor changed in the last year & the auditor is enlisted of BSEC.
12. Present Auditor’s Name : XYZ
13. Status of Compliance Issue : The Company is complied with environmental & social issues.
14. Payment behavior with : Regular. No instance of check bounces found in the last 01 year.
suppliers
15. Compliance Issue : The company is complied as per BB’s ESRM Guidline.

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