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PLFSL

All Eps Dividend Board Agm Q1 Q2 Q3

PLFSL 12-Jul-2017

The Board of Directors has recommended No dividend for the year ended on December 31, 2016. Date of AGM: 19.09.2017, Time: 9:30 AM, Venue: RAOWA Convention Hall (Anchor), 3rd Floor, Mohakhali, Dhaka. Record Date: 07.08.2017. The Company has also reported Consolidated EPS of Tk. (1.73), Consolidated NAV per share of Tk. 10.88 and Consolidated NOCFPS of Tk. (4.30) for the year ended on December 31, 2016 as against Tk. (3.18), Tk. 12.62 and Tk. (6.31) respectively for the same period of the previous year.

PLFSL 04-Jul-2017

As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 11, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.

PLFSL 05-Apr-2017

The Company has informed that the head office of the Company will be shifted to new address at City Centre (Level-17), 90/1 Motijheel C/A, Dhak-1000 with effect from April 10, 2017.

PLFSL 15-Dec-2016

(Continuation news of PLFSL): 06. To comply with the policy directives of Bangladesh Securities and Exchange Commission (BSEC), margin loan accounts of the leasing companies were to be transferred to its subsidiary and the subsidiary to be so formed is to deal with the margin loan and share business. We observed that the company without transferring the margin loan to subsidiary has been dealing with the margin loan amount of Tk 4,744,349,000. (end)

PLFSL 15-Dec-2016

(Continuation news of PLFSL): 05. The company disclosed previous years loss in note 09 under other assets and related Note 2.03, where previous years loss is about 86% of other assets and 32% of total asset but details disclosure note regarding the reason for such loss was not given. Moreover, restatement was not done as per BAS-8. (cont.5)

PLFSL 15-Dec-2016

(Continuation news of PLFSL): The same amount was adjusted earlier against directors loan but the land has not been registered in the name of Peoples Leasing and Financial Services Ltd. in absence of regulatory approval. Provision is necessary in this account. 04. Consolidation of financial statements has not been made as per IFRS-10 and Companies Act 1994 although the company held 66.50 % share of PLFS Investment Limited. (cont.4)

PLFSL 15-Dec-2016

(Continuation news of PLFSL): As per FID circular No. 08 dated August 03, 2002 of Bangladesh Bank the company is required to make provision against this investment. 03. The company entered into an agreement with Paramount Properties Ltd. ( Zenith Holding Ltd. and Zephyr Holdings Ltd- owned by previous directors of the company) to purchase a land measuring total 66.5 katha at green road at a cost of Tk. 1,236,640,000. (cont.3)

PLFSL 15-Dec-2016

(Continuation news of PLFSL): The company got permission from Bangladesh Bank vide letter no DFIM (s)/1055/40/2016-1291 dated 10 July, 2016 to defer provision against loan and advance A/C Tk 617,625,148 and share A/C of Tk 345,594,108. 02. The company made the investment in Subsidiary-PLFS investment Ltd. Tk. 160,597,500 as paid up capital but this subsidiary company suffered losses in past few years due to capital market performance and equity of this company turned negative. (cont.2)

PLFSL 15-Dec-2016

Auditor of the company has given the following qualified opinion in the audit report of the company for the year ended on 31 December 2015: Basis for qualified opinion: 01.In our audit period, we found a provision shortfall of Tk. 881,433,320 against loan and advance Tk. 3,612,881,600 in margin loan account, Tk 345,594,108 in share A/C and Tk 195,978,600 in investment in placement of shares. (cont. 1)

PLFSL 03-Nov-2016

Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "BBB2" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements up to December 31, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

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