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KEYACOSMET

All Eps Dividend Board Agm Q1 Q2 Q3

KEYACOSMET 01-Apr-2021

The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2020 to the respective shareholders.

KEYACOSMET 29-Mar-2021

DSE has not received Dividend Compliance Report from the company to change the category. However, DSE has issued query to the company to send the dividend compliance report accordingly.

KEYACOSMET 20-Jan-2021

The Company has informed that The Board of Directors and Shareholders of the Company has approved 1% cash dividend instead of earlier declared 2% stock dividend for all shareholders for the year ended on June 30, 2020 in their 24th AGM which was held on January 19, 2021.

KEYACOSMET 05-Jan-2021

(Continuation news of KEYACOSMET): Management has been correspondent with Banks for regularization these loan account as continued client. v) Turnover: Turnover of the company has been reflected in the financial statement as Export and local sale with no division-wise breakdown. We have confirmed total turnover as a whole from the provided documents. (end)

KEYACOSMET 05-Jan-2021

(Continuation news of KEYACOSMET): iv) Bank Loans & Overdraft (Short Term Loan) : An amount of Taka 7,429,154,412 has been laying with different bank as Bank Loan & Overdraft (Short Term Loan) as against Taka 301,531,450 with Cosmetics division has shown no transaction from previous year and knit Composite division of Taka 135,489,532.00 with Pubali Bank Ltd- CC-Hypo has also shown no transaction from last few years. (cont.5)

KEYACOSMET 05-Jan-2021

(Continuation news of KEYACOSMET): iii) Provision for Bad & Doubtful Debts: The company made a provision for bad and doubtful debt against recovery of trade receivable for Taka 7,054,125,630 which has been carried forward from previous year's balance without of any changes. As of today the amount is under consideration for final declaration as bad debts after details investigation by the management. Ageing of the said provision is not provided. (cont.4)

KEYACOSMET 05-Jan-2021

(Continuation news of KEYACOSMET): ii) Trade Receivable: In previous year company made a provision for bad and doubtful debt against recovery of trade receivable Taka 7,054,125,630 as against Taka 10,951,305,682 has presented during the year which has been under consideration for final declaration as bad debts after details investigation by the management. During our period no bad and doubtful debt has been added. Ageing of the said receivable is not provided. (cont.3)

KEYACOSMET 05-Jan-2021

(Continuation news of KEYACOSMET): The company declared huge amount of stock as obsolescence in previous year and debited to Comprehensive Income Statement, which is accumulated at Tk. 7,117,529,977 as against company received Tk. 249,893,212 as wastage sales proceed. Stock of Goods, Material & Stocks of the company has been reflected in the financial statement with division-wise breakdown but sub-note of the items has not been reflected division-wise breakdown. (cont.2)

KEYACOSMET 05-Jan-2021

The auditor of Keya Cosmetics Ltd has given the following "Observation" paragraph in the audit report of the Company prepared for the year ended on June 30, 2020. Observations: i) Inventory: The Company has been maintained individual division-wise raw materials register including storing materials. Management has been conducted physical inventory counting as on June 30, 2020, due to COVID -19 pandemic situation we couldn't physically present on that day. (cont.1)

KEYACOSMET 05-Jan-2021

(Continuation news of KEYACOSMET): Balance amounting BDT 28,725,395 is in Sonali Bank Ltd. CC (H) Loan A/C: 548 for 2 years; Balance amounting BDT 53,963,848 is in Premier Bank Ltd. CC Loan A/C: 523 for 3 years and Balance amounting BDT 119,604,910 is in Premier Bank Ltd. LTR for 3 years. (end)

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