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

WATACHEM

All Eps Dividend Board Agm Q1 Q2 Q3

WATACHEM 01-Nov-2020

(Continuation news of WATACHEM): prescribed by rules". However, the company has not introduced yet group insurance for permanent employees despite being employed more than 100 permanent employees. This indicates non-compliance of the provision of the section 99 of the Labor Act 2006 as amended in 2013. Emphasis of Matter: Without modifying our opinion, we report as follows: 1. As disclosed in Note # 53 to the financial statements, the Company (cont.6)

WATACHEM 01-Nov-2020

(Continuation news of WATACHEM): has executed Trust Deeds this year. Moreover, the fund amount has been used by the company in its operation as internal source of financing without providing any interest for such usage as per section 240(3) of the said act. 4. As per Section 99 of the Labor Act 2006 as amended in 2013, it is required that "In the establishments wherein minimum of 100 permanent workers are employed, must introduce group insurance in the manner (cont.5)

WATACHEM 01-Nov-2020

(Continuation news of WATACHEM): the company and the same is shown under the head of "Workers Profit Participation Fund and Welfare Fund" as current liabilities in the financial statements as on 30 June 2020. However, the amount has not been distributed yet with a proportion of 80:10:10 to the Participatory Fund, Welfare Fund and Workers' Welfare Foundation Fund respectively as per the Labor Act 2006 as amended in 2013 although the company (cont.4)

WATACHEM 01-Nov-2020

(Continuation news of WATACHEM): based on the revalued carrying amount of the assets and depreciation based on the asset's original cost was not transferred from Revaluation Surplus to Retained Earnings for a total of 04 (Four) years from 2008-2011 as per Para 41 of IAS 16. Moreover, the company has not maintained Fixed Asset Register properly. 3. Reference to Note # 23 to the financial statements, provision for WPPF of Taka 35,171,413 has been provided by (cont.3)

WATACHEM 01-Nov-2020

(Continuation news of WATACHEM): However, as per Para 55 of IAS 16, a company should not cease the depreciation when the assets become idle or is retired from active use unless the assets are fully depreciated. As a result, depreciation for the current year has been undercharged by Taka 7,476,851. 2. Reference to Note # 12 to the financial statements, the Company has revalued its Property, Plant and Equipment in 2008 but the amount of surplus between depreciation (cont.2)

WATACHEM 01-Nov-2020

The auditor of the Wata Chemicals Limited has given the "Qualified Opinion"& "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion: 1.Reference to Note # 02 to the financial statements, no depreciation has been charged on LABSA plant and BCP plant of the company on the ground that these plants are not in use since 2008. (cont.1)

WATACHEM 01-Nov-2020

Emerging Credit Rating Limited (ECRL) has assigned the surveillance credit to the Company as "BBB+" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements up to June 30,2019 and other relevant quantitative as well as qualitative information up to the date of rating.

WATACHEM 29-Oct-2020

There will be no price limit on the trading of the shares of the Company on 29.10.2020 for following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

WATACHEM 29-Oct-2020

The Board of Directors has recommended 35% cash dividend for the year ended on June 30, 2020. Date of AGM: 24.12.2020. Time: 10.15 AM, Venue: Digital Platform Record Date: 23.11.2020. The Company has also reported EPS of Tk. 8.05, NAV per share of Tk. 59.02 and NOCFPS of Tk. 6.56 for the year ended on June 30, 2020 as against Tk. 9.31(restated), Tk. 53.48 (restated) and Tk. 11.60 (restated) respectively for the same period of the previous year.

WATACHEM 21-Oct-2020

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 October 28, 2020 at 5:15 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

Previous Next page