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    ICRRS - Practice Sheet - Financials & Assumptions - ABC Textile Mills Limited

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    Optimistic Eye
    This document summarizes the financial position of ABC Textile Mills Ltd. for the fiscal years ending June 30, 2018, 2017 and 2016. It includes statements of financial position, profit and loss, cash flows and notes. The company's total assets have grown from Tk. 45,110 thousands in 2016 to Tk. 49,310 thousands in 2018. Net profit after tax has also increased from Tk. 3,126 thousands in 2016 to Tk. 3,855 thousands in 2018. The company is requesting an additional term loan of Tk. 100,000 thousands for expansion of production capacity.

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    ICRRS - Practice Sheet - Financials & Assumptions - ABC Textile Mills Limited

    Uploaded by

    Optimistic Eye
    695 views4 pages
    This document summarizes the financial position of ABC Textile Mills Ltd. for the fiscal years ending June 30, 2018, 2017 and 2016. It includes statements of financial position, profit and loss, cash flows and notes. The company's total assets have grown from Tk. 45,110 thousands in 2016 to Tk. 49,310 thousands in 2018. Net profit after tax has also increased from Tk. 3,126 thousands in 2016 to Tk. 3,855 thousands in 2018. The company is requesting an additional term loan of Tk. 100,000 thousands for expansion of production capacity.

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    ICRR Practice Sheet

    Original Title

    ICRRS_ Practice sheet_Financials & Assumptions_ABC Textile Mills Limited

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    This document summarizes the financial position of ABC Textile Mills Ltd. for the fiscal years ending June 30, 2018, 2017 and 2016. It includes statements of financial position, profit and loss, cash flows and notes. The company's total assets have grown from Tk. 45,110 thousands in 2016 to Tk. 49,310 thousands in 2018. Net profit after tax has also increased from Tk. 3,126 thousands in 2016 to Tk. 3,855 thousands in 2018. The company is requesting an additional term loan of Tk. 100,000 thousands for expansion of production capacity.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    695 views4 pages

    ICRRS - Practice Sheet - Financials & Assumptions - ABC Textile Mills Limited

    Uploaded by

    Optimistic Eye
    This document summarizes the financial position of ABC Textile Mills Ltd. for the fiscal years ending June 30, 2018, 2017 and 2016. It includes statements of financial position, profit and loss, cash flows and notes. The company's total assets have grown from Tk. 45,110 thousands in 2016 to Tk. 49,310 thousands in 2018. Net profit after tax has also increased from Tk. 3,126 thousands in 2016 to Tk. 3,855 thousands in 2018. The company is requesting an additional term loan of Tk. 100,000 thousands for expansion of production capacity.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    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

    1|Page
    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

    2|Page
    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

    3|Page
    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.

    4|Page

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