Securex Pvt.

Limited

Financial statements as at and

for the period ended 30 June 2015
 Securex Pvt. Limited

Statement of Financial Position

as at 30 June 2015

30 June 2015 30 June 2014

Notes Taka Taka
Assets

Non current assets

Property, plant and equipment 1 104,902,079 102,044,879
Intangible assets 2 70,000 -
104,972,079 102,044,879
Current assets
Inventories 3 20,303,199 5,336,728
Accounts receivable 4 80,604,201 74,969,582
Other receivables 5 4,108,856 -
Advances, deposits and prepayments 6 12,744,283 12,877,618
Advance Income Tax 7 18,944,037 7,836,808
Short term investment (FDR) 8 13,950,565 -
Cash and cash equivalents 9 1,470,808 12,485,723
152,125,949 113,506,459
Total assets 257,098,028 215,551,338

Equity and liabilities

Shareholders' equity
Share capital 10 12,500,000 2,500,000
Retained earnings 59,040,359 69,988,355
71,540,359 72,488,355

Non current liabilities

Term loan 11 40,677,179 21,780,145
40,677,179 21,780,145
Current liabilities
Accounts payables 12 10,544,620 12,005,611
Other payables 13 80,568,085 77,190,497
Bank loan and overdraft 14 53,767,784 32,086,729
144,880,489 121,282,838
Total equity and liabilities 257,098,028 215,551,338

The annexed notes 1 to 20 form an integral part of these financial statements

 Securex Pvt. Limited

Statement of Comprehensive Income

for the period ended 30 June 2015

2015 2014
Notes Taka Taka

Revenue 15 713,089,104 804,832,228

Cost of sales 16 (583,448,336) (646,672,029)
Gross profit 129,640,768 158,160,199

Administrative expenses 17 (106,379,416) (125,228,797)

Selling and distribution expenses 18 (1,709,066) (2,177,411)
(108,088,482) (127,406,208)
Opearting Profit /(Loss) 21,552,286 30,753,991
Finance expense 19 (15,880,507) (5,272,704)
Non Operating Income FDR Interest 20 1,032,633 1,622,678
Capital Gain /(Loss) 21 (470,559) -
(15,318,433) (3,650,026)
Profit/(loss) before Tax 6,233,853 27,103,965
Income tax (2,181,849) (9,486,388)
Profit/(loss) after Tax 4,052,004 17,617,577

The annexed notes 1 to 20 form an integral part of these financial statements

 Securex Pvt. Limited

Statement of Changes in Equity

for the period ended 30 June 2015

Retained
Share capital earnings Total equity
Taka Taka Taka

Balance as at 1 July 2013 500,000 56,870,778 57,370,778

Profit/(loss) for the year 2014 17,617,577 17,617,577

Issue of bonus share to
2,000,000 (2,000,000) -
shareholders
Cash dividend declared (2,500,000) (2,500,000)
Balance as at 30 June 2014 2,500,000 69,988,355 72,488,355

Profit/(loss) for the year (2015) - 4,052,004 4,052,004

Issue of bonus share to
10,000,000 (10,000,000) -
shareholders
Cash dividend declared - (5,000,000) (5,000,000)
Balance as at 30 June 2015 12,500,000 59,040,359 71,540,359
 2015
Taka
3 Inventories

Equipment 20,303,199
20,303,199

4 Accounts receivable
These are made as under
Guard Service 56,147,955
Cash Related Service 11,204,922
Technical Service 13,251,324
80,604,201

5 Other receivables
These are made as under
Earnest Money With Client 4,108,856
4,108,856

6 Advances, deposits and prepayments

These are made as under
Advances 7,398,533
Deposits 5,345,750
12,744,283

7 Advance Income Tax

These are made as under
Beginning Balance 7,836,808
Add-FY 2014-15 13,289,078
AIT Adjust (2,181,849)
18,944,037

8 Short term investment

These are made as under
FDR at Dhaka bank 13,950,565
13,950,565

In 2014, FDR amount was included in cash and cash equivalents.

9 Cash and cash equivalents

These are made as under
Bank Balance 1,350,435
Cash at hand 120,373
1,470,808
 2015
Taka
10 Share capital

Authorised:
25,000,000 ordinary shares of Tk. 10 each 250,000,000

The company was initially registered with 2500 ordinary shares of Tk. 1,000.00 each.
These shares were subsequently converted into 25,000,000 shares of Tk. 10 each at
the EGM (held on 22 January 2014).

Issued, subscribed, called up and paid up:

1,250,000 ordinary shares of Tk. 10 each. (2014: 250,000

ordinary shares of Tk. 10 each) 12,500,000

Dividend
The following dividend were declared by the company for the year.

Issue of Bonus shares 10,000,000

Cash dividend 5,000,000
15,000,000

11 Term loan

IDLC takeover 8,961,199

Lanka Bangla Finance limited 8,547,768
Lesae payable 23,168,212
40,677,179

14 Bank loan and overdraft

Dhaka Bank SOD 24,554,830

Short term loan 29,212,955
53,767,784
 2015
15 Revenue Taka
These are made as under
Guard Service 567,223,231
Cash Related Service 159,978,077
Technical Service 50,899,375
(-) VAT (65,011,579)
713,089,104

16 Cost of sales
These are made as under
(a) Equipment consumption :

Opening balance 5,336,728

(+) Purchase 50,845,021
(-) Closing balance (20,303,199)
Consumpton 35,878,550
Fuel expense 23,036,727
58,915,277
(b) Overhead:
Food Subsidy 487,221
Bonus 40,220,644
Burial Expenses 45,000
Mess Bill for UT Guard 1,008,976
Direct Salaries & Wages 482,771,218
524,533,059
583,448,336

17 Administrative expenses
These are made as under
Audit fees 15,000
Equipment and furniture rent 790,500
Salaries and allowances 30,561,893
Board Meeting Expenses 57,000
Utility bill 2,537,130
Telephone, internet and other bill 3,643,138
Stationery and printing 3,109,794
Repair and maintenance 10,166,255
Insurance 7,347,557
Licence and registration fees 992,852
Office & garage rentals 11,107,876
Postage and courier 476,143
Professional and Legal fees 2,533,790
Software and hardware maintenance 48,595
Travelling and conveyance allowance 7,028,830

Depreciation and Amortization 22,534,081

Office expenses 1,222,351
Medical expense 787,399
Tender expense 129,322
Compensation 266,558
Entertainment expense 1,023,354
106,379,416
 2015
Taka

18 Selling and distribution expenses

These are made as under
Advertisement 1,083,156
Trade promotion expenses 512,220
Sales commission and others 113,690
1,709,066

19 Finance expense
These are made as under
Bank charge 802,233
Interest on Lease 1,711,454
Interest on Loan 9,838,190
Interest on factoring loan 3,528,629
15,880,507

20 Non-Operative Income
These are made as under
FDR Interest 1,032,633
1,032,633

21 Capital Gain /Loss)

These are made as under
Sales Value of Fixed Assets 6,498,000
Less: Acquisition Cost 6,968,559
(470,559)
1 Property, plant and equipment

Year 2015
Cost Depreciation
Written down value
As at 1 July Addition during Disposal/adjustment As at 30 June As at 1 July Charged during Disposal/adjustment As at 30 June as at 30 June 2015
Category
2014 the year during the year 2015 2014 the year during the year 2015
Car and vehicle 119,127,173 3,614,400 (13,086,370) 109,655,203 54,748,892 12,367,768 (6,123,713) 60,992,947 48,662,256
Motor Cycle 783,153 199,500 - 982,653 397,923 83,869 - 481,792 500,861
Furniture and fixture 2,610,415 1,711,960 - 4,322,375 439,110 296,636 - 735,746 3,586,629
Leased Vehicle - 22,365,793 - 22,365,793 - 3,970,190 - 3,970,190 18,395,603
Leased Equipments - 1,900,516 - 1,900,516 - 39,594 - 39,594 1,860,922
Office equipments 4,348,592 1,865,570 (7,959) 6,206,203 652,668 510,394 (2,056) 1,161,006 5,045,196
Computer and Equipments 2,745,828 672,100 - 3,417,928 871,051 965,118 - 1,836,169 1,581,759
Sundry assets 42,705,101 - - 42,705,101 13,165,738 4,270,510 - 17,436,248 25,268,853
Total 172,320,262 32,329,839 (13,094,329) 191,555,772 70,275,382 22,504,081 (6,125,769) 86,653,694 104,902,079

2 Intangible assets, net

Year 2015

Cost Amortization
Name of assets As at Addition Disposal/adjustment As at As at Charged Disposal/adjustment As at Carrying amount
1 July 2014 during the year during the year 30 June 2015 1 July 2014 during the year during the year 30 June 2015 as at 30 June 2015

Software (Tally) 100,000 - 100,000 - 30,000 - 30,000 70,000

- 100,000 - 100,000 - 30,000 - 30,000 70,000

 12. Schedule of Accounts payable

Particulars TK
A. Hossain International 21,000
Airtel-AP 95,158
Al-Amin Auto Electric 8,200
American Golf Club Ltd 200,000
A.R.Automobiles 79,400
Avinas Car Decoration 9,750
Bangladesh Export Import Co. Ltd. 43,700
BGIC 579,699
Brothers Motors 69,390
Brothers Technology(IBBL) 56,002
Butterfly Marketing Ltd. 10,000
Champion Electronics 775
Chinton Architects 130,000
Chowdhury Auto Electric & AC Servicing Centre 31,590
Delta Life Insurance Company Ltd 4,731
Digicom International 287,600
ECM Auto Centre Limited 11,396
Elahi Electric 143,154
Expert Automobile Ltd. 2,650
Gardenia 5,000
Gazipur Police Store 3,012,858
Grameen Phone-AP 110,727
Gulshan Club A/C 11,517
H & H International 36,469
Holiday 5,000
International Office Equipment 22,250
Intraco CNG 420,000
Karubid Constructions Ltd 2,010
KS International 19,400
Make 30,510
Mayer Doa Enterprise ( Army Store ) 389,376
Md. Firoz Ahmed-Butterfly 16,090
Metlife Alico AP 551,952
M/S Bangladesh Refrigeration 30,000
MS Rishad Enterprise 24,370
Nazia Books & Stationery A/C 37,078
New Imam Engineering Works 48,200
Nissan Autos 60,930
Noor Ahmed Gelal 15,000
Optimax Communication Ltd. 3,000
Panaroma Computer 336,550
Pioneer Insurance Company Ltd 388,943
Platino Printers 91,500
Pran Kanai Roy Chowdhury 91,060
Rahimafrooz Distribution Ltd 205,858
Reaz Automobiles 164,300
Rupa Enterprise-AP 867,000
Securitech A/C 158,712
Smart Technologies BD Ltd. 85,000
System Palace 311,500
Total Security Solution ( TSS) 203,000
Toyota Engineering Network 13,230
Travel House AP 49,100
Universal Trading A/C 39,485
VERBAL 688,950
Xbec Trading Services 214,500
Total 10,544,620
 13. Schedule of Others payable

Particulars Amount
Post Job Benifits Payable 565,591
Bank Charge-Term Loan 87,400
Bonus Payable 7,925,619
Electricity Bill Payable 151,850
Garage Rent Payable 8,000
Gas Bill Payable 4,950
Internet Bill Payable 1,150
Misc Liability 38,903
Mr. Fedae Dastgir 800,000
Mrs. Dilara Quddus 2,338,000
Mrs. Nurjahan Begum-Rent UT Mess 30,000
Office Rent Payable 46,500
Runi Khan -Rent Gulshan 50,000
Salary Payable 37,960,352
Sinking Fund 2,717,900
TDS Payable 1,819,838
Telephone Bill Payable 30,564
VAT Payable 8,322,580
Vat Payable(Vendor) 227,446
Wasa Bill Payable 47,381
Security Money From Client 4,332,562
Insurance Claim A/C 80,000
Provident Fund A/C 4,630,178
Security Money- R. Guard 1,871,282
Welfare Fund 1,468,822
United Commercial Bank Ltd Banasree 4,000
Md. Masud Rana 9
Md. Mosharraf Hossain 400
Tanmay Bhattacharjee 6,808
Dividend payable 5,000,000
Total 80,568,085
 6. Schedule of Advance, deposits and prepayments

Particulars Taka Total

Abdul Baten 20,500
Abdul Hannan 44,000
Abrar Haque 500
Anwar Hossain Miazi 40,156
Arsalan Quddus 11,880
Asaduzzaman 15,000
Atikur Rahman 1,000
Bulbul 1,000
Dewan Anwar Rashid 500
Gulzar Rahman 39,044
Lutfor 3,000
Mahiuddin 8,219
Md. Maruf Hossain 54,240
Md. Monirul Huq 100,000
Md. Mosabber Hossain 9,999
Md. Shamsuzzaman 33,056
Moyazzem Hossain 9,000
Mr. Mahbubur Rahman 30,000
Mr. Mainul Hasan 40,000
Mr. Rafiqul Huq 16,760
Mrs. Dilara Quddus 3,222,202
Nazrul Islam Farhad 238,135
Nur Mohammad 8,340
Rima Khatun 500
Robiul Islam 1,000
Rubel 1,000
Sadia Zaman 500
Saduruzzman 8,131
Shafiqul Islam 1,000
Shafiqur Rahman 200,925
Shahadat Hossain 11,357
Shahin 14,000
Yousuf Imran 2,460
Farhan Quddus 710,000
Hannan A/C 5,000
Mr. Anowar (Sr.Executive) 25,000
Mr. Saiful Alam -Tech 300,000
Securitech 10,000
Nazmul Islam-TL 40,000
Advance on House Rent 1,507,666
Lease Advance 705,105
Motor World Imports-Advance 26,000
7,516,175
Active Development 1,000,000
Banani DOHS Jame Masjid 150,000
Begum Ayesha Shopping Complex 100,000
Dewan Mamunur Rashid 33,800
Md. Anowar Hossain 9,000
Md. Narul Islam 44,000
Md. Rahmat Ullah 150,000
Md. Tajul Islam 12,000
Mohammad Mohsiul Islam 800,000
Security Deposit with Clients 1,561,950
Mr. Ahsanul Alam 1,080,000
Mrs. Nurjahan Begum 75,000
Pioneer Insuance Ltd 300,000
Telephone Installation 30,000
5,345,750
Particulars Taka Total
Total 12,861,925
 SECUREX (PVT.) LTD.
Details of Interest Income, AIT Deduction & Balances (FDR)
For the Year Ended 30 th June,2015
Name of Bank & A/c No. Date Interest AIT Charges Closing Balance
Dhaka Bank Ltd., Banani Br
A/C # '0207311000032836 16.02.2015 3,094 309 350
16.05.2015 3,144 314 155,264

A/C # '0207311000032823 16.02.2015 5,156 516 350

16.05.2015 5,245 524 259,011

A/C # '0207311000032815 16.02.2015 5,156 516 350

16.05.2015 5,245 524 259,011

A/C # '0207311000032743 27.01.2015 6,188 619 350

27.04.2015 6,295 630 310,884

A/C # '0207311000032331 06.11.2014 6,188 619

06.02.2015 6,302 630 350
06.05.2015 6,412 641 316,662

A/C # '0207311000032168 26.09.2014 6,938 694

26.12.2014 6,316 632
26.03.2015 6,434 643 350
26.06.2015 6,546 655 323,260

A/C # '0207311000032940 01.03.2015 4,125 413 350

01.06.2015 4,194 419 207,137

A/C # '0207311000033377 01.06.2015 11,344 1,134 560,209

A/C # '0207311000030178 24.09.2014 36,342 3,634

24.10.2014 33,088 3,309
24.03.2015 33,702 3,370 1,000
24.06.2015 34,307 3,431 1,694,247

A/C # '0207311000030370 13.07.2014 2,560 256

13.10.2014 2,160 216
13.01.2015 2,200 220 350
13.04.2015 2,234 223 110,307

A/C # '0207311000031185 27.08.2014 29,957 2,996

27.11.2014 25,905 2,590
27.02.2015 26,386 2,639 1,000
27.05.2015 26,855 2,685 1,326,217

A/C # '0207311000031589 08.07.2014 131,250 13,125

08.10.2014 118,357 11,836
08.01.2015 107,758 10,776 1,000
08.04.2015 109,738 10,974 5,419,393

A/C # '0207311000031589 08.07.2014 57,750 5,775

08.10.2014 52,077 5,208
08.01.2015 47,414 4,741 1,000
08.04.2015 48,273 4,827 2,383,962

A/C # '0207311000033763 16.06.2015 625,000

(New)
Total Taka: 1,032,633 103,263 6,800 13,950,565