Professional Documents
Culture Documents
CONTENTS
CORPORATE DIRECTORY
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DEAR SHAREHOLDERS,
On behalf of your Directors, I have the pleasure in submitting the Report and Financial Statements for the year
ended June 30, 2013.
PERFORMANCE
+ Increase
- Decrease
REPORT OF THE DIRECTORS
INVENTORIES
We normally purchase huge quantities of raw hides and skins during the Eid-ul-Azha festival, so that our
production is not adversely affected due to low supply during the rest of the year. We feel that the inventory
holding shows a positive trend because this years inventory represents 50 days of production as compared to
105 days last year.
FINANCIAL RESULTS
Taka in thousand
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DIVIDENDS
During the year EPS of your Company was Taka 6.57. Directors decided in the Board Meeting held on August
05, 2013 to recommend dividend of Taka 4.00 per share of Taka 10/- each. After your approval in this General
Meeting, the dividend will be paid to the Shareholders.
EMPLOYMENT
Although the labour situation in the RMG sector was unsatisfactory, if not violent sometimes, the labour
environment in the leather sector was quiet. Labour relation in your Company was cordial and morale of the
workers was high. The breakdown of your Companys human resources are:
REPORT OF THE DIRECTORS
We feel that the leather industry of Bangladesh will have to depend on the Chinese and Indian markets for the
next few years. China and India are big producers and exporters of shoes and leather goods, but their domestic
supply of finished leather is totally inadequate. Both these countries have to depend on supply of finished
leather from abroad and here Bangladesh can be an important link to their supply chain.
The main concern of leather industry in Bangladesh is the problem of pollution. Environment is a big issue
everywhere but very unfortunately, there is no pollution plant for the leather industry in Bangladesh. It is a
matter of great concern that if the government is not able to shift the entire leather industry of Dhaka from
Hazaribagh to Savar within a short time, then there is a great possibility that the importing countries may
impose a ban of Bangladeshi leather.
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FINANCIAL HIGHLIGHTS
Taka in thousand
Particulars 2013 2012 2011 2010 2009
Restated
FINANCIAL HIGHLIGHTS
Net current assets 800,882 787,580 743,090 737,195 628,148
Dividend 60,960 53,340 45,720 38,100 32,004
Earnings per share (Taka) 6.57 7.07 6.35 9.37 9.63
Dividend per share (Taka) 4.00 3.50 3.00 2.50 2.10
Market value per share at year end (Taka) 86.70 103.10 136.20 148.50 118.90
Net asset value per share (Taka) 69.38 66.44 60.10 56.25 48.98
Net operating cash flow per share (Taka) 31.12 9.35 (4.48) 22.68 18.30
Price earning ratio (Times) 13.20 14.58 21.43 15.84 12.34
Dividend yield ratio (%) 4.61 3.39 2.20 1.68 1.77
Current ratio 3.57 2.50 2.14 4.76 1.85
Quick ratio 2.28 1.00 0.99 1.94 0.73
Return on Shareholders fund (%) 9.77 11.01 10.57 16.66 19.67
Interest coverage ratio 3.34 2.79 2.95 5.91 1.89
200 80
FINANCIAL HIGHLIGHTS (GRAPHICAL PRESENTATION)
148.50 20
150 136.20 16.66
118.90
120 103.10 15
86.70 10.57 11.01
90 9.77
10
7.32
60
5
30
0 0
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
Market value per share (Tk.) at year end Return on Shareholder's fund (%)
8 7.51
7
6.05
6
5.01
5
4.33
4 3.54
3.03
3
2.01 2.03 2.06
2 1.58 1.86
1
0 0 0 0
0
2009 2010 2011 2012 2013
Components of EPS (Tk.)
Net operating income Net relized investment gain Net other income
8% 8%
16 %
13 %
43 %
49 %
17 %
20 %
16 %
10 %
18
Annual Report 2013
Apex Tannery Limited
Annual Report 2013
19
Apex Tannery Limited
We have reviewed the statement of compliance of Conditions of Corporate Governance guidelines prepared by the
Management of APEX TANNERY LIMITED to comply with the Notification No. SEC/CMRRCD/2006-158/134/Admin/44
dated 7th August 2012 of Bangladesh Securities and Exchange Commission (BSEC), where the company is listed.
The responsibility for compliance with the Conditions of Corporate Governance Guideline is that of the Board of
Directors of the company. Our responsibility is to review, to the extent where such compliance can be objectively
verified, whether the statement of compliance reflects the status of the Companys compliance with the provisions of
Based on our review, we certify that nothing has come to our attention which causes us to believe that the Statement of
Compliance does not appropriately reflect the Companys compliance, in all material respects, with the best practices
contained in the Conditions of Corporate Governance as applicable to the Company for the year ended June 30, 2013.
PATTERN OF SHAREHOLDING
As of June 30, 2013
Annexure I
(a) Parent/Subsidiary/Associated companies and other related parties (name wise details):
N/A
(b) Directors, Chief Executive Officer, Company Secretary, Chief Financial Officer, Head of
Internal Audit and their spouses and minor childrens (name wise details):
Shares held by
SL Number of
Name Name of Spouse the Spouse/
No. Shareholding
Children
01 Directors
i Mr. Syed Manzur Elahi 3,85,550 Mrs. Niloufer Manzur -
ii Mr. Md. Rahmatullah 3,04,800 Mrs. Halima Rahmatullah 1,43,500
iii Mr. Syed Nasim Manzur 3,24,100 Mrs. Samia Huq -
iv Mr. Md. Hedayetullah 3,04,950 Mrs. Afia Hedayetullah -
v Mr. Md. Fayekuzzaman (MD of ICB) 64,34,550 Mrs. Munira Begum -
vi Mr. Prof. Mohammed Farashuddin - Mrs. Suraiya Farashuddin -
Ph.D.-Independent Director
PATTERN OF SHAREHOLDING
02 Chief Executive Officer
Mr. Md. Rahmatullah 3,04,800 Mrs. Halima Rahmatullah 1,43,500
03 Head of Internal Audit and Director
Mr. Md. Hedayetullah 3,04,950 Mrs. Afia Hedayetullah -
04 Chief Financial Officer
Mr. Anup Kumar Mukherjee - Mrs. Swapna Mukherjee -
05 Company Secretary
Mr. Jagadish Kumar Bhanja - Mrs. Nanda Bhanja -
(c) Executives (Top five salaried employees of the company, other than the Directors, Chief
Executive Officer, Company Secretary, Chief Financial Officer and Head of Internal Audit):
AUDITORS REPORT
To the Shareholders of Apex Tannery Limited
We have audited the accompanying Statement of Financial Position of the Apex Tannery Limited as at June 30,
2013 and statement of Comprehensive Income and Statement of Cash Flow, Changes in Equity and Notes to
the Financial Statements for the year then ended.
Scope
We conducted our audit in accordance with Bangladesh Standards on Auditing (BSA). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statements presentation.
We believe that our audit provides a reasonable basis for our opinion.
Opinion
In our opinion, the financial statements prepared in accordance with Bangladesh Financial Reporting Standards
(BFRS) and Bangladesh Accounting Standards (BAS), give a true and fair view of the sate of the Companys
affairs as at June 30, 2013 and of the results of its operations and its cash flows for the year then ended and
comply with the applicable sections of the Companies Act 1994, the Securities and Exchange Rules 1987 and
other applicable laws and regulations.
AUDITORS REPORT
We also report that
a) We have obtained all the information and explanations which to the best of our knowledge and belief
were necessary for the purposes 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.
c) The companys Statement of Financial Position and statement of Comprehensive Income dealt with by
the report are in agreement with the books of account; and
d) The expenditure incurred was for the purposes of the companys business.
Taka in thousand
As of As of
Notes June 30, 2013 June 30, 2012
Assets
Non current assets
Property, plant and equipment 4 280,531 241,175
Investments 5 40,078 39,014
Deferred tax assets 6 3,182 2,957
STATEMENT OF FINACCIAL POSITION
323,791 283,146
Current assets
Inventories 7 401,762 790,040
Trade and other receivables 8 184,763 177,758
Advances, deposits and prepayments 9 171,037 127,829
Cash & cash equivalents 10 354,794 217,802
1,112,356 1,313,429
Total Assets 1,436,147 1,596,575
Taka in thousand
Year Ended Year Ended
Notes June 30, 2013 June 30, 2012
Taka in thousand
Year Ended Year Ended
June 30, 2013 June 30, 2012
Taka in thousand
Dividend
Share Share Retained Fair Valuation
Particulars Equalization Total
Capital Premium Earnings Surplus
Fund
As at June 30, 2012 152,400 425,333 44,888 355,363 34,600 1,012,584
Net profit 100,157 - 100,157
Cash dividend for 2011-2012 (53,340) - (53,340)
Fair valuation surplus (2,078) (2,078)
As at June 30, 2013 152,400 425,333 44,888 402,180 32,522 1,057,323
1. Reporting entity
a) Company profile
Apex Tannery is the largest tannery in Bangladesh and one of the largest in South Asia. It is a 100%
export oriented company. The company is using state of the art machineries from Italy, France and
Germany. Apex Tannery Limited was incorporated as a private limited company on 26th day of July
1976 under Companies Act 1913 and was converted into a public limited company in 1986. The shares
of the Company are publicly traded at Dhaka Stock Exchange Limited and Chittagong Stock Exchange
NOTES TO THE FINANCIAL STATEMENTS
Limited. The address of the registered office is 127 Hazaribagh T/A, Dhaka-1209.
b) Nature of business
The principal activities of Apex Tannery are to produce high quality leather, by using Italian chemicals,
technology, complying with world fashion standards and specifications. Its annual capacity is about
26 million Sft. of finished goat and cow leather. Apex exports to Europe, China, South America and all
major leather market of the world. It has two manufacturing facilities; Unit I situated at Hazaribagh and
Unit II situated at Shafipur, Gazipur both engaged in processing and finishing cow and goat leather for
100% export. Unit II has been leased out to Apex Adelchi Footwear Ltd. for 10 years from 01. 10. 2011.
g. Employee Benefits
The Company maintains both defined contribution plan (provident fund) and defined benefit plan
(gratuity) for its eligible permanent employees.
I) Defined contribution plan (Provident fund)
The Company operates a contributory Provident fund for its eligible permanent employees. The fund is
approved by the National Board of Revenue (NBR). The fund is administered by a Board of Trustee and
is funded by contribution partly from the employee and partly from the Company at predetermined
rates. The contribution is invested separately from the Companys assets.
II) Defined benefit plan (Gratuity)
The Company maintains an unrecognized gratuity fund for its permanent employees, under which an
employee is entitled to the benefits depending on the length of services and last drawn basic salary.
NOTES TO THE FINANCIAL STATEMENTS
h. Statement of Cash Flow
Cash flow from operating activities have been presented under direct method.
i.
Transaction with related parties
The company has carried on transactions with Apex Adelchi Footwear Limited, Pioneer Insurance
Company Limited and Mutual Trust Bank Limited in the normal course of business.
j. Comparative information
Figures of the year 2011-2012 have been rearranged whenever considered necessary to ensure
comparability with the current period.
k. Foreign currency transaction
Transactions in foreign currencies are converted into Bangladesh Taka at the exchange rate prevailing
on the date of transaction in accordance with provisions of BAS 21 The effects of changes in foreign
currency rates.
l. Revenue recognition
The Company recognizes revenue when risk and rewards associated with ownership has been
transferred to the buyer, which satisfied all the conditions for the revenue recognition as provided in
BAS 18 Revenue Recognition.
m. Earnings per share (EPS)
The Company calculates Earnings per share (EPS) in accordance with BAS 33 Earnings per share which
has been shown on the face of Statement of Comprehensive Income.
n. Components of the Financial Statements
According to the Bangladesh Accounting Standard (BAS) 1 presentation of Financial Statements, the
complete set of Financial Statements includes the following components:
i. Statement of Financial Position (Balance Sheet) as at June 30, 2013.
ii. Statement of Comprehensive Income (Profit and loss Account) for the year ended June 30, 2013.
iii. Statement of Cash Flow for the year ended June 30, 2013.
iv. Statement of Changes in Equity for the year ended June 30, 2013.
v. Accounting policies and explanatory notes.
o. Subsequent Disclosure of events occurring after the Reporting date
There is no adjusting event at the Reporting date of such importance non-disclosure of which would
affect the availability to the user of the financial statement to make proper evaluation and decision.
p. Impairment
The carrying amount of assets other than inventories and deferred tax assets are reviewed at each balance
sheet date to determine whether there is any indication of impairment. If any such indication exists, the
recoverable amount is estimated. An impairment loss is recognized in the Statement of Comprehensive
Income when the carrying amount of the asset exceeds its recoverable amount.
Particulars Land Building Plant & Furniture Vehicles Total This Total
Machinery & Fittings Year Previous Year
COST
Unit I 134,847,790 40,643,128 316,042,161 25,313,724 79,937,628 596,784,431 534,677,629
Unit II 12,769,246 121,196,341 113,940,412 883,041 486,500 249,275,540 249,275,540
147,617,036 161,839,469 429,982,573 26,196,765 80,424,128 846,059,971 783,953,169
DEPRECIATION
Unit I 0 36,494,511 247,314,485 20,297,407 59,081,487 363,187,889 344,827,114
Unit II 0 96,301,608 104,852,692 704,955 482,278 202,341,533 197,950,893
0 132,796,119 352,167,177 21,002,362 59,563,765 565,529,422 542,778,007
Written Down Value 147,617,036 29,043,350 77,815,396 5,194,403 20,860,363 280,530,549 241,175,161
COST
1 As at 01.07.12 79,023,974 40,643,128 314,329,867 24,956,290 75,724,370 534,677,629 477,715,255
DEPRECIATION
5 Charged on (2+4) 134,847,790 4,609,575 80,856,090 5,573,686 26,070,176 251,957,316 210,373,054
6
Rate (%) 0 10 15 10 20
Charged to
Cost of Production 12,589,371
Profit & Loss Account 5,771,404
18,360,775
Addition of land represents purchase of 115 decimal land at Kandi Boilarpur, Savar, Dhaka.
Addition of plant & machinery represents purchase of drum and measuring machine.
Vehicle purchased for management.
Addition of furniture & fittings represent purchase of computer, printer and ancillaries.
There are no intangible assets.
Depreciation has been charged on reducing balance method.
There is no contract for capital expenditure to be executed and not provided for in the financial
statements.
Sl Particulars Land Building Plant & Furniture Vehicles Total This Total
No. Machinery & Fittings Year Previous Year
COST
1 As at 01.07.12 12,769,246 121,196,341 113,940,412 883,041 486,500 249,275,540 249,275,540
2 Addition this year 00 00 00 00 00 00 00
DEPRECIATION
5 Charged on (2+4) 12,769,246 27,660,815 10,691,435 197,873 5,278 51,324,647 56,308,100
6
Rate (%) 0 10 15 10 20
7 During the year 0 2,766,082 1,603,715 19,787 1,056 4,390,640 4,983,453
8 As at 30.06.12 0 93,535,526 103,248,977 685,168 481,222 197,950,893 192,967,440
9 As at 30.06.13 (7+8) 0 96,301,608 104,852,692 704,955 482,278 202,341,533 197,950,893
10 Written down value
as at 30.06.13 12,769,246 24,894,733 9,087,720 178,086 4,222 46,934,007 51,324,647
As of As of
June 30, 2013 June 30, 2012
Taka Taka
5. INVESTMENTS
Apex Adelchi Footwear Limited (136,700 shares @ 251.40) 34,366,380 36,444,220
Central Depository Bangladesh Limited (571,181 shares @ 10.00) 5,711,810 2,569,450
40,078,190 39,013,670
Investment in shares of Apex Adelchi Footwear Limited has been recorded at fair value as per BAS-39.
The quoted price was Taka 251.40 per Taka 10 each share as at June 30, 2013 and companys cost price
for 136,700 shares was Taka 13.49 per Taka 10 each share.
7. INVENTORIES
Total Taka Total Taka
as of as of
Sft. June 30, 2013 June 30, 2012
Goatskins
Inventories are valued at lower of cost price and net realizable value.
Most of the above bills receivable remained from the sales of June 2013 and were considered good.
Rental income receivable from Apex Adelchi Footwear Limited.
L/C accounts (goods-in-transit) represent cost incurred on import of chemicals, spare parts which will
be adjusted against respective inventory items.
Advance income taxes are made to statutory authorities.
Rent agreement made with Kohinoor Tannery Ltd. and Rana Leather Industries Ltd. for using their premises.
Advance due from staff & workers are regularly being realized through their salaries.
Advances to suppliers mainly given to suppliers of rawhides and skins. Advances considered good but
have no security other than personal security of the concerned parties.
In the opinion of the Directors, all current assets, investments, loans and advances have, on realization
in the ordinary course of business, a value at least equal to the amounts at which they are stated in the
Statement of Financial Position.
There is no amount of loans and advances due for payment for a period of more than 12 months from
the date of Statement of Financial Position.
There is no aggregate amount due from Directors, Officers of the Company or by any associated companies.
There are no claims against the company, which can be acknowledged as bad debt.
NOTES TO THE FINANCIAL STATEMENTS
Cash at Banks
Agrani Bank 48,904,443 9,111,579
Rupali Bank 2,416 4,061
Mercantile Bank 4,637,318 3,213,344
Mutual Trust Bank Ltd. 140,186 104,192
State Bank of India 3,869,163 7,173,603
FDR 288,977,872 189,859,394
354,793,451 217,801,828
Cash balances were physically verified and bank balances were reconciled.
Distribution schedule showing the number of shareholders and their share holdings in percentage has
been disclosed below:
Number
Of share Range of Holdings Total
Holders Holdings %
8,968 Less than & equal 5,000 shares 6,204,850 40.71
40 5,001 shares to 50,000 shares 215,000 1.41
4 50,001 shares to 100,000 shares 320,040 2.10
2 100,001 shares to 200,000 shares 277,370 1.82
1 200,001 shares to 300,000 shares 243,075 1.60
4 300,001 shares to 400,000 shares 1,319,785 8.66
0 400,001 shares to 500,000 shares - -
1 500,001 shares to 1000,000 shares 518,160 3.40
2 over 1000,000 share 6,141,720 40.30
9022 15,240,000 100.00
Short-term loan taken from Agrani Bank Ltd., Amin Court Branch, Motijheel C/A, Dhaka-1000 as
KORBANI ADVANCE for procurement of raw hides and skins after Korbani. This loan was sanctioned by
Agrani Bank against existing fixed assets and inventory as securities.
The Board of Directors proposed dividend @40% for the year at the Board Meeting held on August 05, 2013.
The proposed dividend is not recognized as a liability at the Statement of Financial Position date in
accordance with Bangladesh Accounting Standard (BAS) 10 Events after the Reporting Date.
Bangladesh Accounting Standard (BAS) 1 Presentation of Financial Statements also require that the
dividend proposed after the Statement of Financial Position date but before the financial statements are
authorized for issue, be disclosed either on the face of the Statement of Financial Position as a separate
NOTES TO THE FINANCIAL STATEMENTS
20. SALES
Sft. Taka Taka
Finished Cow Leather 15,693,138 2,618,538,677 2,317,079,173
Finished Goat Leather 5,311,849 630,260,035 750,128,939
21,004,987 3,248,798,712 3,067,208,112
Cost of production
Goatskins consumed 31 402,058,324 503,754,581
Cowhides consumed 32 1,370,197,819 1,340,614,526
Chemicals 33 775,822,098 648,925,621
Spare parts 34 23,639,389 21,091,967
Packing materials 3,734,552 4,490,013
Direct labour 74,388,959 68,674,487
Depreciation 4A 12,589,371 14,478,727
Factory overhead 35 138,088,400 112,798,342
2,800,518,912 2,714,828,264
Sales commission:
We certify that the local & foreign agents, whose details are given below, have no connection whatsoever with
any Director.
ABC Leather House # 50/1(1st floor) Road # 11/A, Dhanmondi, Dhaka-1209. 7,320,178
Abedin Corporation House # 50/1(1 floor) Road # 11/A, Dhanmondi, Dhaka-1209.
st
5,053,182
Hajee Mazharul Haque Ltd. 79/1 Water Works Road, Posta, Dhaka-1211 58,460
Ashok Lal Lala A-15, Sector-9, Noida, India. 5,971,299
Europa International House # 61, Road # 4, Block # B, section 12 690,416
NOTES TO THE FINANCIAL STATEMENTS
Cash dividend amounting Taka 2,397,043 included cash dividend from Apex Adelchi Footwear
Limited Tk. 6,83,500 and Tk. 1,713,543 from Central Depository Bangladesh Limited. Stock dividend
3,14,236 shares were received from CDBL. Rental income of Unit II was received / receivable from
Apex Adelchi Footwear Limited as monthly rent @ Tk. 2,500,000.
On other income
Dividend on investment (Cash) 20 % 2,397,043 479,409 217,391
Rental income 27.50 % 24,125,505 6,634,514 5,924,358
Interest on FDR 27.50 % 32,596,837 8,964,130 5,654,824
132,111,125 26,114,417 25,733,586
Per Year
Name Designation Amount (Taka) Remarks
Syed Manzur Elahi Chairman 2,400,000 Full time work
Md. Rahmatullah Managing Director 2,400,000
Md. Hedayetullah Director 2,040,000
Ansarul Islam Executive Director 2,155,800
M. Abdul Majed Executive Director 2,155,800
Syed Manzur Elahi is the Chairman of the associate companies of Apex Tannery Group but as a full time
Director, he draws remuneration from Apex Tannery Limited.
NOTES TO THE FINANCIAL STATEMENTS
39. All shares have been fully called and paid up.
40. There were no preference shares issued by the company.
41. There was no bank guarantee issued by the company on behalf of their directors or the company itself
except bank loans.
42. No expense was paid as royalty and salary to Technical Experts etc. [as para-8 (KHA) of part-II] in foreign
currencies.
43. No brokerage was paid against sales during the year under audit.
44. There was no sum for which the company was contingently liable as on June 30, 2013.
45. During the year under review, 4 (Four) Board Meetings were held and Directors present were paid @
Taka 10,000.00 per head per meeting.
46. Auditors are paid statutory audit fees as approved by the shareholders in the last Annual General
Meeting.
47. The Company earned foreign currencies of US$ 41,395,294.97.
48. There was no foreign exchange remitted, as there are no foreign shareholders.
49. There is no claim against the company not acknowledged as debt except claim, which may have arisen
as insurance claim.
50. No compensation was paid to any member of the Board for special service rendered.
51. There is no expense on account of miscellaneous/general expenses. For and o
Notice is hereby given that the 37th Annual General Meeting of Apex Tannery Limited will be held on Thursday,
September 26, 2013 at 10:00 a.m. at Dhaka Ladies Club, 36 Eskaton Garden, Dhaka-1000 to transact the
following business:
1 To receive and adopt the Audited Accounts for the year ended June 30, 2013 and the Reports of the
Auditors and Directors thereon.
2 To declare dividend.
3 To elect Directors
4 To appoint Auditors for the year 2013-2014 and fix their remuneration.
Notes:
1. August 27, 2013 is the record date. Shareholders whose names will appear in the Members register of the Company or in
the Depository Register on that date will eligible to attend at the Annual General Meeting and receive dividend .
2. A member entitled to attend and vote at the Annual General Meeting may appoint a proxy in his stead. The proxy form,
duly stamped must be deposited at the Corporate Office of the Company not later than 48 (forty eight) hours before the
time fixed for the meeting. Annual report and proxy form can be available on the website www.apextannery.com.
3. Admission to the hall will be only on production of the attendance slip sent with the notice.
54
Annual Report 2013
Apex Tannery Limited
Apex Tannery Limited
PROXY FORM
I/We
of
being Member of Apex Tannery Limited, hereby appoint
of
as my /our proxy to attend and vote for me/us and on my/our behalf at the 37th Annual General Meeting of
the Company to be held on Thursday, September 26, 2013 at 10:00 a.m. and/or at any adjournment thereof.
Affix
Signature of Proxy Revenue
Stamp
Signature of the Member
Note : A Member entitled to attend and vote at the General Meeting may appoint a proxy to attend and vote on his
behalf. The proxy form duly completed must be deposited at the registered office of the Company not later than 48
hours before the time fixed for the meeting.
ATTENDANCE SLIP
I hereby record my attendance at the 37th Annual General Meeting being held on Thursday, September 26, 2013
at 10:00 a.m. at Dhaka Ladies Club, 36 Eskaton Garden, Dhaka-1000.
Name of member/proxy
Register Folio/BO ID No.
Signature
Note : Shareholders attending meeting in person or proxy are requested to complete the attendance slip and hand it
over at the entrance of the meeting hall.
Annual Report 2013 55