BullBD Old Apps Site
Home
Details Chart Today news Share news Top gainer Top Looser Upcoming events
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 6 7 8 9 All
Bank Cement Ceramics Sector Corporate Bond Engineering Financial Institutions Food & Allied Fuel & Power IT Sector Insurance Jute Life Insurance Miscellaneous Mutual Funds Paper & Printing Pharmaceuticals & Chemicals Services & Real Estate Tannery Industries Telecommunication Textile Travel & Leisure All
  • Details
  • Chart
  • News

ALLTEX

All Eps Dividend Board Agm Q1 Q2 Q3

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): Company filed case No.28 in Rupgonj Thana of Narayengonj district at November 11, 2020. As per FIR assumed value of looted cash and goods is Taka 19,02,547/-. However, loss has not been fully ascertained by the company management yet and investigation is under process by the law enforcing agency. (end)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): About 10/15 unidentified armed robbers raided the factory at the evening at around 6.30 pm and ransacked company's property in factory premises, chained company's officers and security guards, beat them mercilessly and stabbed some of them. At around 5.00 am on November 11, 2020 robbers left the factory with looted cash and goods by unknown trucks. (cont.9)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): Company management is hopeful about its continuing operation as well as its product diversification and expansion of businesses although all the matters have been slowed down as a consequence of pandemic Corona virus. Note 38.00 Events after the reporting period: An Incident of Robbery in Factory: An incident of robbery was happened in factory compound of the company at November 10, 2020. (cont.8)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): The company also obtained requisite registration from Bangladesh Investment Development Authority (BIDA) and hope to obtain bond license very soon. Machinery suppliers have already been selected by the company. Upon receipt of the bond license the company will open L/C for importing machinery. The company is carrying out major refurbishment work of its gas line to ensure workers' safety. (cont.7)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): to amend Memorandum of Association of the company by inserting new objects clause. Subsequently the company obtained permission from Honorable High Court Division of the Supreme Court of Bangladesh to establish footwear manufacturing project. Pursuant to the said order the company amended the objects clause of the Memorandum of Association as well as the trade license. (cont.6)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): which may cast significant doubt upon the Company's ability to continue as a going concern though there is some adverse results reflected in various indications of financial position per performance of the company. It is pertinent to mention here that during the year 2018-2019 the company management decided to establish a footwear manufacturing unit to increase revenue. Accordingly an Extraordinary General Meeting (ECM) was called (cont.5)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): 1. regarding going concern assumption disclosed in note 2.01.01; and 2. regarding the theft that took place in factory premises disclosed in note 38. Note 02.01.01- Going concern assumption: The financial statements have been prepared on the basis of going concern assumption as per IAS 1 "Presentation of Financial Statements". As per management assessment there is no material uncertainties related to events or conditions (cont.4)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): of non-submission is not known to us. 4. The company made revaluation of land in 2015, but subsequent revaluation has not been done as per Para 31 and 34 of IAS-16. 5. Quantitative movements of inventories weren't disclosed as per part-II of Schedule-Xl of company act 1994. 6. The company did not calculate deferred tax as per IAS-12. Emphasis of Matter: Without qualifying our opinion we draw attention to the following facts: (cont.3)

ALLTEX 30-Nov-2020

(Continuation news of ALLTEX): due to scope limitations. 2.We were not provided work order(s), acknowledgment of advance receipt(s), etc. to verify advance against construction materials amounting to Tk. 23,730,000. 3. The company did not submit Mushak-9.1 as a result, a penalty may be imposed as per section 85(f) of VAT & SD Act, 2012 for which provision has not been made. Quantification of the penalty could not be made due to the period(cont.2)

ALLTEX 30-Nov-2020

The auditor of the Alltex Industries Ltd. has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Qualified Opinion: 1. As our appointment was post-dated we were unable to physically verify Property, Plant, and Equipment amounting Tk. 2,240,991,652 and Inventories amounting Tk. 447,141,952 on the balance sheet date. Moreover, an alternative audit procedure could not be applied in this regard (cont.1)

Previous Next page