BullBD Old Apps Site
Home
Favorites
Recently viewed 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

ILFSL

All Eps Dividend Board Agm Q1 Q2 Q3

ILFSL 23-Jul-2019

Trading of the shares of the Company will resume on 24.07.2019 after record date.

ILFSL 22-Jul-2019

Trading of the shares of the Company will remain suspended on record date i.e., 23.07.2019.

ILFSL 18-Jul-2019

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 21.07.2019 to 22.07.2019. Trading of the shares of the Company will remain suspended on record date i.e., 23.07.2019.

ILFSL 18-Jul-2019

(Continuation news of ILFSL): extended loan facilities to its subsidiary which exceeded 30% of its capital. ILFSL has outstanding loan amount of BDT 2,283,999,659 to International Leasing Securities Limited which is exceed 83% of total loan as on 31 December 2018. The aforesaid fact enumerates the non-compliance of the Financial Institution Act 1993 (as amended). (End)

ILFSL 18-Jul-2019

(Continuation news of ILFSL): Hence the shortfall in regulatory capital is BDT 846,571,074 which is 21% lower than the minimum regulatory capital requirement (3) Reference Note No.- 6.1.2.4: Other Loan: As per sec. 14(1) Ga of Financial Institution Act 1993 (as amended), the outstanding amount of exposer to a single person/counterparty or a group shall not exceed 30% of the capital at any point of time without the prior approval of the Bangladesh Bank. However, ILFSL has (cont. 8)

ILFSL 18-Jul-2019

(Continuation news of ILFSL): the financial statements, Regulatory capital (core capital and supplementary capital) should have been maintained at BDT 4,049,464,564 as per section 4 (Gha) of the Financial Institutions Regulations 1994 (as amended) and Department of Financial Institutions and Markets (DFIM) 05 and 08 dated 24 July 2011 and 02 August 2010 respectively for minimum capital requirements. However, the capital of the Company is BDT 3,202,893,490. (cont. 7)

ILFSL 18-Jul-2019

(Continuation news of ILFSL): total term deposit should be reserved in Bangladesh bank as Cash Reserve Ratio (CRR) which appeared BDT 314,459,152 of average term deposits of BDT 12,578,366,099. But management has computed and reported CRR amounting to BDT 6,349,453 based on average term deposit of November 2018 which is 98% lower than required CRR. (2) Reference Note No.- 12.3: Capital Adequacy Ratio (CAR): 'Capital Adequacy Ratio (CAR)' of notes to (cont. 6)

ILFSL 18-Jul-2019

(Continuation news of ILFSL): Emphasis of Matters: We also draw attention to the various notes of the financial statements, which describe the effects of events or matters. Our opinion is not modified in respect of those events or matters. (1) Reference Note No.- 3.3(a): Cash Reserve Ratio (CRR):An amount of BDT 6,349,453 has shown as Cash Reserved Ratio (CRR) maintained with Bangladesh Bank. As per FID circular no, 06 of Bangladesh Bank dated 06 November 2003 2.5% of (cont. 5)

ILFSL 18-Jul-2019

(Continuation news of ILFSL): doubt to going concern basis. (1) Operating cash flow of the company is negative as on 31 December 2018. (2) Due to short term Liquidity crisis, the company is in problem to make payment to some of its? depositors and creditors. (3) The company had excessive reliance on short term borrowings to finance long term assets. (4) Classified invested assets (Loans, leases and advances) has been increased by 2.11%. (cont. 4)

ILFSL 18-Jul-2019

(Continuation news of ILFSL): note no. 38 to the financial statements describe the events or matters that may cast significant doubt on the Company's ability to continue as going concern. Our opinion is not modified in respect of events or matters that disclosed note no. 38. Note 38: Disclosure regarding Going Concern: There is no material uncertainty relating to going concern basis but the following matters exists at the time of preparation of the financial statements that may cast (cont. 3)

Previous Next page