Purchase 34838819 Accounts Payable Bangladesh Building Systems Ltd Investment

Purchase 34838819 accounts payable bangladesh

This preview shows page 138 - 140 out of 166 pages.

Purchase 34,838,819 Accounts Payable Bangladesh Building Systems Ltd. Investment in Ordinary Shares of BBS Cables Ltd. and appointed as Director of the Company. 200,000,000 Share Capital 33.00 Claim not Acknowledged as dept: There was no claim against the company acknowledged as dept as on 30 June, 2016. 34.00 No board meeting attendence fees has been given to the Board of Directors. 35.00 Subsequent Disclosure of Events after the Statement of Financial Position Date Under IAS-10: There is no non-adjusting post Statement of Financial Position event of such importance, non importance, non disclosure of which would affect the ability to the users of the financial statements to proper evaluation and decision.
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139 36.00 Internal Control: The following steps have been taken for implementation of an effective internal control procedure of the company: a. A strong internal control and compliance division has been formed with a view to establish a well designated system of internal control; b. Regular review of internal audit reports with a view to implement the suggestion of internal auditors in respect of internal control technique; c. To establish an effective management system that includes planning, organizing and supevising culture in the factory as well as at head office. 37.00 Segment Reporting: As there is single business and geographic segment within the company operates as such no segment reporting is felt necessary. Disclosure as per requirement of Schedule XI, Part II of the Companies Act, 1994: 38.00 Disclosure as per requirement of Schedule XI, Part II, Note 5 of Para 3: A. Employee position of the company as at June 30, 2016: Salary (Monthly) Officer & Staff Worker Total Employees Factory Head Office Below Tk. 3,000/- - - - - Above Tk. 3,000/- 54 162 232 448 Total 54 162 232 448 Disclosure as per requirement of Schedule XI, Part II, Para 4: B. Name of Directors Designation Remuneration Festival Bonous Total Payment Engr. Abu Noman Howlader Managing Directior - - - Engr. Mohammed Badrul Hassan Charman - - - Mr. Md. Ashraf Ali Khan Director - - - Engr. Mohammad Ruhul Majid Director - - - Engr. Hasan Morshed Chowdhury Director - - - Total - - - Period of payment to Directors is from 01 July, 2015 to June 30, 2016. The above Diretors of the company did not take any benefit from the company and the follows: a. Expenses reimbursed to the managing agent - Nil b. Commission or other remuneration payable separately to a managing agent or his associate -Nil c. Commission received or receivable by the managing agent or his associate as selling or buying agent of other concerns in respect of contracts entered into such concerns with the company-Nil d. The money value of the contracts for the sale or purchase of goods and materials or supply of services, enter into by the company with the managing agent or his associate during the financial period-Nil e. Any other perquisites or benefits in cash or in kind stating-Nil f. Other allowances and commission including guarantee commission-Nil Pensions, etc.- 1) Pensions-Nil 2) Gratuities-Nil 3) Payment from Provodend Fund-Nil 4) Compensation for loss of office-Nil
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