OLYMPIC ACCESSORIES LIMITED: COMPANY PROFILE

Olympic Accessories Limited (OAL) was incorporated in Bangladesh as a Private Limited Company with the issuance of
Certificate of incorporation bearing no. C- 49349 (1333) of 2003 dated on May 28, 2003 by the Registrar of Joint Stock
Companies & Firms. The Company Converted into Public Limited Company on July 02, 2014 and split of Share value
from Tk. 100 to Tk. 10 dated on March 09, 2014.

The Company started its commercial operation on 07th October, 2007.

The factory premise of OAL is located at Bishia Kuribari, Rajendrapur, Gazipur, Bangladesh.
NATURE OF BUSINESS
The principal activities of the company are to carry on the business of manufacturing, processing, printing, cutting,
sealing and assembling of all kinds of Hanger, Carton, Elastic, Twill tape, Back board, Tissue paper, Gum tape,
Interlining, Label, Poly Bag, Thread, Sticker, Photo inlay, Bar code, Hangtag etc.

Balance Sheet as under:

Particulars

30-06-2014

30-06-2013

Amount In Taka
30-06-2012

30-06-2011

30-06-2010

APPLICATION OF FUND
NON-CURRENT ASSETS
Property, Plant & Equipment
Capital Work in Progress
Security Deposit
Total Non-Current Assets

852,521,716
28,939,524
881,461,240

817,227,651
1,275,804
818,503,455

695,989,930
1,275,804
697,265,734

550,267,593
1,275,804
551,543,397

374,945,593
1,275,804
376,221,397

CURRENT ASSETS
Trade and other Receivable
Advance, Deposit & Prepayments
Inventories
Cash & Cash Equivalent
Total Current Assets

411,141,163
121,152,229
315,074,791
5,956,015
853,324,198

361,971,626
78,654,693
247,647,011
5,323,590
693,596,920

331,552,041
72,759,107
191,147,292
15,867,372
611,325,812

304,513,692
34,817,822
154,908,824
1,973,439
496,213,777

176,148,233
17,659,760
61,917,677
9,530,664
265,256,334

1,734,785,438

1,512,100,375

1,308,591,546

1,047,757,174

641,477,731

969,100,000
614,369,312
1,583,469,312

12,600,000
722,443,220
475,643,964
1,210,687,184

12,600,000
621,137,821
358,594,643
992,332,464

12,600,000
443,407,213
241,589,795
697,597,008

12,600,000
235,448,253
166,707,385
414,755,638

35,757,906
35,757,906

153,120,546
24,425,680
177,546,226

210,562,874
210,562,874

295,248,764
295,248,764

CURRENT LIABILITIES
Short Term Borrowings
Creditors & Accruals
Directors and Others Loan
Total Current Liabilities

87,972,107
27,586,113
115,558,220

103,290,228
20,576,737
123,866,965

85,710,471
19,985,736
105,696,207

42,372,889
12,538,513
54,911,402

150,178,726
11,861,468
64,681,899
226,722,093

Total Liabilities

151,316,126

301,413,191

316,259,081

350,160,166

226,722,093

1,734,785,438

1,512,100,375

1,308,591,546

1,047,757,174

641,477,731

Total Assets
EQUITY AND LIABILITIES
Share Capital
Share Money Deposit
Retained Earnings

NON-CURRENT LIABILITIES
Long term Loan
Deferred Tax
Total Non-Current Liabilities

Total Equity and Liabilities

Income Statement
Particulars

Amount In Taka
30-06-2012

30-06-2014

30-06-2013

Sales Revenue

1,403,179,268

1,231,471,004

Less: Cost of Goods Sold

1,097,416,206

964,306,919

305,763,062

267,164,085

GROSS PROFIT
OPERATING EXPENSES

30-06-2011

30-06-2010

1,071,662,481

754,505,807

528,583,561

851,221,509

594,651,841

421,505,265

220,440,972

159,853,966

107,078,296

70,469,197

46,986,387

31,366,628

23,666,313

17,558,925

235,293,865

220,177,698

189,074,344

136,187,653

89,519,371

66,359,730

69,085,836

65,794,751

57,495,845

31,122,235

168,934,135

151,091,862

123,279,593

78,691,808

58,397,136

8,044,483

160,889,652

151,091,862

123,279,593

78,691,808

58,397,136

Less: Provision for Tax

10,832,078

9,616,861

6,274,745

3,809,398

2,846,373

Less: Deferred Tax Expenses

11,332,226

7,654,555

NET PROFIT AFTER TAX

138,725,348

133,820,446

117,004,848

74,882,410

55,550,763

EARNINGS PER SHARE (EPS)

BASIC ADJUSTED EARNINGS PER
SHARE (EPS)

22.62

1,062.07

928.61

594.30

440.88

1.43

1.38

1.21

0.77

0.57

EBIT
NON OPERATING EXPENSE

Financial Expenses
NET PROFIT BEFORE TAX &
WPPF
Workers Profit Participation Fund
NET PROFIT BEFORE TAX

CALCULATION OF VARIOUS ACCOUNTING RATIOS

This is to certify that Olympic Accessories Limited has maintained the following ratios as computed on the
basis of the audited financial statements for the year ended June 30, 2014, 2013, 2012, 2011 and 2010.
Particulars

30.06.2014

30.06.2013

30.06.2012
Ratio

30.06.2011

30.06.2010

Liquidity Ratios: (Times)

Current Ratio

7.38

5.60

5.78

9.04

1.17

Quick Ratio

3.61

2.97

3.29

5.58

0.82

Times Interest Earned Ratio

3.55

3.19

2.87

2.37

2.88

Debt to Equity Ratio

0.06

0.21

0.30

0.48

0.52

Accounts Receivable Turnover Ratio

3.63

3.55

3.37

3.14

3.53

Inventory Turnover Ratio

3.90

4.40

4.92

5.49

8.69

Asset Turnover Ratio

0.86

0.87

0.91

0.89

0.95

Gross Margin Ratio

21.79%

21.69%

20.57%

21.19%

20.26%

Operating Income Ratio

12.04%

12.27%

11.50%

10.43%

11.05%

Net Income Ratio

9.89%

10.87%

10.92%

9.92%

10.51%

Return on Assets Ratio

8.55%

9.49%

9.93%

8.87%

10.01%

Return on Equity Ratio

9.93%

12.15%

13.85%

13.46%

18.37%

Basic Earnings Per Share (EPS)

22.62

1,062.07

928.61

594.30

440.88

Adjusted Earnings Per Share (EPS)

1.43

1.38

1.21

0.77

0.57

Operating Ratios: (Times)

Profitability Ratios: