Apcl (My) Accts 2010

APEX POLYMER CORPORATION LTD.
Manufacturing & Trading Account

For the year ended December 32,2010
Particulars
Opening stock
Add.Raw Materials Purchase
Less. VAT ( Rebate) on Purchase
Raw Materials available use
Less. Closing stock of Raw Materials
Raw Materials Consumed
Wages (Local Worker)
Foreign Technician Wages
Machinery Lease Rent
2,010
2,009
518,230
516,129
17,980,025
9,562,609 Cost of Production
18,498,255
10,078,738
1,368,514
447,698
17,129,741
9,631,040
1,585,561
518,230
15,544,180
9,112,810
790,250
610,605
432,720
Direct Expenses :
4,027,194
2,941,750
Electric Bill
2,924,957
2,215,585
Gas Bill
1,352,548
905,144
220,000
213,550
4,497,505
3,334,279
292,496
221,559
4,205,009
3,112,720
177,815
170,970
2,262,936
2,344,793
798,100
782,000
Repairs & Maintenance
47,861
94,991
Freight, Coolie & Cartage
39,520
35,162
Carriage Inward
61,960
156,823
Oil & Lubricant
49,750
61,697
124,370
75,356
1,141,375
1,138,764
23,201,520
15,747,578
Less: Electric Light Bill for office use

Less. Rebate on Electric & Gas Bill
Indirect Expenses :
Salary for Factory Staff
Packing Expenses
Depreciation
TOTAL COST OF PRODUCTION
Opening stock of Finished Goods
210,480
164,082 Sales
Add. Cost of Production
23,201,520
15,747,578
Goods available for sales
23,412,000
15,911,660 Value Added Tax
Less. Closing stock of Finished Goods
293,560
210,480
23,118,440
15,701,180
Value Added Tax
4,329,415
2,929,880
19.62%
Gross Profit (Transfer to P/L Account)
5,744,339
3,831,355
19.90
33,192,194
22,462,415
Cost of Goods Sold
Total Taka
2010
2009
23,201,520
15,747,578
23,201,520
15,747,578
28,862,779
19,532,535
4,329,415
2,929,880
33,192,194
22,462,415
304,900
576,960
Diesel for Generator
Particulars
##########
80.39

Profit & Loss Account
For the year ended December 31, 2010
Particulars
2010
2009
420,000
360,000
1,048,800
961,000
Printing
20,325
45,183
Stationery
11,420
10,460
Travelling & Conveyance
45,780
38,977
Entertainment
14,930
12,774
Postage
13,850
11,790
5,420
30,810
292,496
221,559
Telephone Bill
22,062
21,093
WASA Bill
12,935
12,458
Land Revenue
5,879
5,879
Municipal Tax
8,424
8,424
Insurance Premium
313,270
196,029
Forms, Fees, Renewal & Reg.
114,810
83,009
45,620
109,540
5,000
5,000
Bank Charge
17,535
3,083
Bank Interest
2,758,968
1,276,509
25,000
10,000
Director Remuneration
Salaries & Allowance
R/M of Building
Electric Light Bill
Foreign Tours Expenses

Audit Fees
Application Fee's for Lease

IDLC Loan Interest
Car Lease Rent
518,080
Courier
11,520
53,720
Signboard Making Charge
12,000
16,000
Medical & Welfare
13,475
12,558
Miscellaneous Expenses
14,290
13,489
Carriage Outward
23,840
96,110
Sample Expenses
4,500
9,925
62,490
30,255
7,930,051
4,173,714
Total Taka
2010
2009
Gross Profit (Transfer

From Trading A/C)
5,744,339
3,831,355
Net Loss Trans. To P/L

Appropriation A/C.
2,185,712
342,359
7,930,051
4,173,714
1,808,292
777,120
Depreciation
Particulars

Profit & Loss Appropriation Account
Particulars
2010
Balance As per Last Account
1,112,280
Net Loss During the year
2,185,712
Provision For Income Tax
144,314
Total Taka
3,442,306
2009
Particulars
2010
1,028,758 Intangible Income
342,359
1,371,117
Balance Transfer to
Balance Sheet
2009
258,837
3,442,306
1,112,280
3,442,306
1,371,117

Balance Sheet
As at 31st December, 2010
Particulars
2010
2009
Particulars
AUTHORISED CAPITAL :
5,00,000 Ordinary share of Tk. 100 each
2010
Fixed Assets (as per Sch.)

50,000,000.00
2009
49,345,771.00
10,988,178.00
42,000.00
42,000.00
611,688.00
611,688.00
11,852,201.00
6,645,290.00
1,879,121.00
728,710.00
50,000,000.00
Preliminary & Pre-operative Expenses
ISSUED, SUBSCRIBED & PAID-UP CAPITAL

Deffered Revenue Expenditure
21,000 Ordinary share of Tk. 100 each
2,100,000.00
Allotment 29,000 Ordinary share of Tk. 100 each
2,900,000.00
Bank Loan
39,770,000.00
IDLC Loan
19,887,952.00
Current Liabilities :
500,000.00
For Expenses
500,000.00
2,100,000.00
Current Assets :
14,840,000.00 Closing stock
Stock in Transit ( Machinery)
2,459,436.00 Advancd, Deposit & Prepayment

459,436.00 VAT Receivable Account
2,000,000.00 Cash at Bank
Creditors for goods Supply
44,372.00
4,651,691.00
207,101.00
23,751.00
61,838.00
35,229.00
176,830.00
Loan to Active Distribution Ltd.
4,800,000.00
Cash in Hand
5,262,409.00
626,439.00
Profit & Loss Appropriation Account
3,442,306.00
1,112,280.00
65,293,966.00
19,399,436.00
Total Taka
65,157,952.00
19,399,436.00
-
(136,014.00)

39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.
Details of Fixed Assets as at December 31, 2009
Particulars
Land & Land Development

Factory Building
Balance as
on 01/01/09
2,157,563
-
Cost
Addition
During the year
-
Balance as
on 31/12/09
2,157,563
Dep.
Rate
Balance as
on 01/01/09
-
1,753,268
1,753,268
Depreciation
Charge
During the year
-
Balance as
on 31/12/09
-
Written down
value as on
31/12/09
2,157,563
175,327
175,327
1,577,941
Plant & Machinery
3,573,499
611,800
4,185,299
908,496
491,520
1,400,016
2,785,283
Furniture & Fixture
22,310
60,800
83,110
7,672
7,544
15,216
67,894
Office Equipment
13,200
62,000
75,200
4,539
7,066
11,605
63,595
104,300
104,300
15,645
15,645
88,655
Electric Installation
19,365
886,295
905,660
9,257
89,640
98,897
806,763
Tools & Equipment
4,125
125,225
129,350
1,972
12,738
14,710
114,640
772,220
77,222
69,500
146,722
625,498
175,565
17,557
17,557
158,009
3,138,689
313,869
282,482
596,351
2,542,338
1,323,027
1,169,019
2,492,046
10,988,178
Computer
Air Compressor
Spare Parts of Machinery
Diesel Generator
TOTAL TAKA
772,220
3,138,689
9,700,971
175,565
3,779,253
13,480,224
Allocation of Depreciation
Manufacturing Account
1,121,207.15
30,254.90
1,151,462.05

Annexure-A

Particulars
Balance as
on 01/01/09

Factory Building
2,157,563
-
Cost
Addition
During the year
-
Total as
on 31/12/09
Dep.
Rate
Balance as
on 01/01/09
2,157,563
0%
1,753,268
1,753,268
10%
Depreciation
Charge
During the year
-
Total as
on 31/12/09
-
Written down
value as on
31/12/09
2,157,563
175,327
175,327
1,577,941
Plant & Machinery
3,573,499
611,800
4,185,299
15%
908,496
491,520
1,400,016
2,785,283
Furniture & Fixture
22,310
60,800
83,110
10%
7,672
7,544
15,216
67,894
Office Equipment
13,200
62,000
75,200
10%
4,539
7,066
11,605
63,595
104,300
104,300
15%
15,645
15,645
88,655
19,365
886,295
905,660
10%
9,257
89,640
98,897
806,763
Tools & Equipment
4,125
125,225
129,350
10%
1,972
12,738
14,710
114,640
772,220
10%
77,222
69,500
146,722
625,498
175,565
10%
17,557
17,557
158,009
3,138,689
10%
313,869
282,482
596,351
2,542,338
1,323,027
1,169,019
2,492,046
10,988,178
Computer
Air Compressor
772,220
Diesel Generator
3,138,689
Tk.
9,700,971
175,565
3,779,253
13,480,224
Tk.
AHSAN RASHID & CO. CHARTERED ACCOUNTANTS
1,138,764
30,255
1,169,019

Annexure-A

Particulars
Balance as
on 01/01/09
Cost
Addition
During the year
Total as
on 31/12/09
Dep.
Rate
Balance as
on 01/01/09
-
Depreciation
Charge
During the year
-
Total as
on 31/12/09
-
Written down
value as on
31/12/09
2,157,563
2,157,563
0%
2,157,563
Factory Building
1,753,268
1,753,268
10%
175,327
157,794
333,121
1,420,147
Plant & Machinery
4,185,299
8,695,166
12,880,465
10%
1,400,016
1,148,045
2,548,061
10,332,404
Furniture & Fixture
83,110
50,000
133,110
10%
15,216
11,789
27,005
106,105
Office Equipment
75,200
150,000
225,200
10%
11,605
21,360
32,965
192,236
104,300
10%
15,645
8,866
24,511
79,790
Computer
104,300
905,660
350,000
1,255,660
10%
98,897
115,676
214,573
1,041,087
Tools & Equipment
129,350
120,000
249,350
10%
14,710
23,464
38,174
211,176
Air Compressor
772,220
1,201,384
1,973,604
10%
146,722
182,688
329,410
1,644,194
175,565
200,000
375,565
10%
17,557
35,801
53,358
322,207
3,138,689
10%
596,351
254,234
850,585
2,288,104
2,492,046
1,959,717
4,451,763
19,795,012
1,917,702
42,014
1,959,717
%
1,567,773
391,943
1,959,717
Diesel Generator
3,138,689
Tk.
13,480,224
10,766,550
24,246,774
Tk.
As Per Asst. Copy
1,753,268.00
350,653.60
2,547,074.00
509,414.80
13,180.00
1,318.00
5,857.00
878.55
90,500.00
13,575.00
894,887.00
134,233.05
127,055.00
19,058.25
656,387.00
98,458.05
2,824,820.00
282,482.00
8,913,028.00
1,410,071.30

Annexure-A

Particulars
Balance as
on 01/01/10
2,157,563
Factory Building
1,753,268
Plant & Machinery
Cost
Addition
During the year
Total as
on 31/12/10
Dep.
Rate
Balance as
on 01/01/10
-
Depreciation
Charge
During the year
-
Total as
on 31/12/10
-
Written down
value as on
31/12/10
2,157,563
0%
2,157,563
1,573,587
3,326,855
10%
175,327
157,794
333,121
2,993,734
4,185,299
36,353,421
40,538,720
15%
1,400,016
417,792
1,817,808
38,720,912
Furniture & Fixture
83,110
51,745
134,855
10%
15,216
6,789
22,005
112,850
Office Equipment
75,200
353,015
428,215
10%
11,605
6,360
17,965
410,251
104,300
10%
15,645
8,866
24,511
79,790
Computer
104,300
905,660
400,772
1,306,432
10%
98,897
80,676
179,573
1,126,859
Tools & Equipment
129,350
342,328
471,678
10%
14,710
11,464
26,174
445,504
Air Compressor
772,220
1,201,384
1,973,604
10%
146,722
62,550
209,272
1,764,332
175,565
785,206
960,771
15%
17,557
23,701
41,258
919,513
3,138,689
13,480,224
3,138,689
54,541,682
15%
41,061,458
596,351
2,492,046
381,351
1,157,343
977,702
3,649,389
2,160,987
50,892,293
Diesel Generator
Tk.
1,135,329
22,014

Tk.
Note: No Depreciation has been charged on Fixed Assets addition during the year as per Management desition.
1,157,343

L/C Costing For the year ended December 31, 2010
L/C. No. 2961-09--01-0570
Item: Inter Mixing Machine
$25,000 B/E. No.- C-3022
1
Sl. No.
Particulars
Taka
Insurance
11,910.00
L/C Margin 100%
Bank Charge
11,504.00
Duty, VAT, etc.
83,159.00
Transport
27,000.00
1,741,250.00
1,874,823.00

L/C. No. 2961-09--01-0561
Item: Tube Splicer Machine
$ 1,73,340
2
B/E. No.- C-17409
Sl. No.
Particulars
Insurance
L/C Margin 100%
Bank Charge
Duty, VAT, etc.
Transport
Taka
77,301.00
12,073,131.00
60,908.00
487,386.00
36,400.00
12,735,126.00

L/C. No. 2961-09--01-0555
Item: Tube Curing Press, Tube Building Machine & Sand Bluster
$30,000 B/E. No.- C-12632
3
Sl. No.
Particulars
Taka
Insurance
27,310.00
L/C Margin 100%
Bank Charge
14,041.00
Duty, VAT, etc.
86,000.00
Transport
25,000.00
2,089,500.00
2,241,851.00

L/C. No. 0888-10-01-0190
Item: 2 (Two) Set Tube Curing Press
$43,858 B/E. No.- C-96339
4
Sl. No.
Particulars
Insurance
L/C Margin 100%
Bank Charge
Duty, VAT, etc.
Transport
Taka
19,616.00
3,059,205.00
18,852.00
129,452.00
13,600.00
3,240,725.00

L/C. No. 0888-10-01-0291
Item: 4 (Four) Set Tube Curing Press
$67,721 B/E. No.- C-133678
5
Sl. No.
Particulars
Insurance
L/C Margin 100%
Bank Charge
Duty, VAT, etc.
Transport
Taka
30,288.00
4,788,044.00
26,529.00
185,428.00
17,000.00
5,047,289.00

L/C. No. 0888-10-01-0365
Item: Fulton Boiler
$33,000 B/E. No.- C-5106
6
Sl. No.
Particulars
Insurance
L/C Margin 100%
Bank Charge
Taka
14,780.00
2,346,383.00
15,518.00
Duty, VAT, etc.
Transport
127,460.00
14,300.00
2,518,441.00

Summary of Addition By L/C Machine
Sl. No.
Particulars
Taka
Inter Mixing Machine
1,874,823.00
Tube Splicer Machine
12,735,126.00
Tube Curing Press, Tube Building Machine & Sand Bluster
2,241,851.00
2 (Two) Set Tube Curing Press
3,240,725.00
4 (Four) Set Tube Curing Press
5,047,289.00
Fulton Boiler
2,518,441.00
27,658,255.00
Lease No. 01010904704-01
1,741,250.00
Lease No. 01010904704-02
12,073,131.00
Lease No. 01010904704-03
2,089,500.00
Lease No. 0101100334401
3,059,205.15
Lease No. 01011005567-01
4,788,044.00
Lease No. 01011005567-02
2,346,382.50
27,658,255.00

Notes to the Accounts for the year ended December 31, 2010
01. Significant of Accounting Policies
a) Background
APEX POLYMER CORPORATION LTD. is a Private Limited Company has been Incorporated
in Bangadesh under the Company Act. 1994 vide Registration No. C-34751(1497)/98 dt.-26/01/1998.
b) Nature of Business
The main objects of the Company is to manufacture, buy, sell, export, import and deal tyre, tube and
allied articles in boots and shoes, plastic sheet, foam & foam sheets, rubber & other rubber products
and all other allied plastic and rubber products as well as to establish mills, dactories, tannery,workshop,
power house, equipment with machineries for tuening out, producing of manufacturing lather goods,
softwear, fabrics and other fabrics materials.
c) General
The figures have been rounded off to the nearest taka.
02. Issued, Subscribed and Paid -up Capital
Name of the Shareholders
Nos. of Share
Mr. Moazzem Husain

Mrs. Shahnaz-Ara Sayeed
Amount in Tk.
49,500
500
4,950,000
50,000
50,000
5,000,000
03. SHORT TERM LOAN

Islami Bank Bangladesh Ltd.
Tk.
39,770,000
19,487,952
59,257,952
Tk.
1,585,561
293,560
1,879,121
IDLC
04. Closing Stocks

Raw Materials
Finished Goods
05. Advances, Deposits .& Pre- Payments
Deposits with Titas Gas T & D Co. Ltd.
94,261
65,860
457,630
Installment Deposit (Agr. No. 0101090470401)

Tk.
73,420
104,420
162,170
81,090
1,038,851

07. Cash & Bank Balances
Cash in Hand
Cash at Bank
Islami Bank Bangladesh Ltd.
State Bank of India, Dhaka.
4,939,087
6,513
28,776
35,289
Tk.
4,974,376
Tk.
402,012
149,917
79,800
1,913
3,339
5,000
140,000
781,981
Tk.
15,544,180
7,651,144
23,195,324
210,480
23,405,804
293,560
23,112,244
Tk.
518,230
17,980,025
18,498,255
1,368,514
17,129,741
1,585,561
15,544,180
08. For Expeses

Electricity Bill- For the month of December-2010
Gas Bill- For the month of December-2010
Salaries & Allowance- For the month of December-2010
Telephone Bill- For the month of December -2010
WASA Bill For the month October, November & December-2010
Audit Fees-For the year 2010
Managing Director's Remuneration For the Month of June to December 2010
09. Cost of Goods Sold
Raw Material Consumed (Notes-10.1)
Conversion Cost (Notes-10.2)
Cost of Goods Production
Add : Opening Stock of Finished Goods
Goods Available for Sale
Less : Closing Stock of Finished Goods
09.1. Raw Material Consume
Opening stock of Raw Materials
Add : Purchase of Raw Materials
Goods Available for Use
Less. Rebate on Purchase of Raw Materials
Less : Closing Stock of Raw Materials
09.2. Conversion Cost
Direct Labor & Wages
Machinery Lease Rent
Electricity Bill
Gas Bill
790,250
576,960
2,924,957
1,352,548
4,277,505
177,815
Less. Rebate on Electricity & Gas Bill

Less: Electricity Bill for Office use
Diesel for Generator
Manufacturing Overhead (Notes-10.3)
Tk.
4,099,690
292,496
3,807,194
219,850
2,256,890
7,651,144

09.3. Manufacturing Overhead
Factory Staff Salary
Repairs & Maintenance of Machinery
Freight, Coolie & Cartage
Carriage Inward
Oil & Lubricant
Packing Expenses
Depreciation (Annexure-A)
Tk.
798,100
47,861
39,520
61,960
49,750
124,370
1,135,329
2,256,890
Tk.
420,000
1,048,800
20,325
11,420
45,780
14,930
13,850
5,420
292,496
22,062
12,935
5,879
8,424
313,270
114,810
45,620
5,000
11,520
12,000
13,475
14,290
23,840
4,500
2,480,646
Tk.
144,562
1,940,000
818,968
20,000
1,808,292
777,120
5,508,942
10. Administrative & Selling Expenses

Printing Charge
Stationery
Entertainment
Postage
R/M of Building
Electric Light Bill
Telephone Bill
WASA Bill
Land Revenue
Municipal Tax
Insurance Premium
Forms, Fees, Renewal & Reg.
Foreign Tours Expenses
Audit Fee
Courier Service Charge
Medical & Welfare
Carriage Outward
Sample Expenses
11. Financial Expenses

Bank Charge
Interest on Bank Loan (IBBL)
Interest on Bank Loan (SIBL)
IDLC Loan Interest
Car Lease Rent
Sl. No.
L.Ag. No.
Date
App. Fee
Deposit
IDCP Charge
4704-01
11/1/2010
5,000.00
65,860.00
4704-02
2/2/2010
5,000.00
#########
53,587.00 15/2/2010
4704-03 21/03/2010
73,420.00
73,420.00 21/03/2010
334401
15/07/2010
5,000.00
#########
5567-01 23/11/2010
5,000.00
#########
5567-02 27/12/2010
81,090.00
20,000.00
#########
127,007.00
########
62,490
########

Manufacturing, Trading and Profit & Loss Account
for the year ended December 31, 2010
Turnover
Sales include VAT
33,192,196
Less : VAT on Sales
4,329,417
Less : Cost of Goods Sold (Notes - 9)
28,862,779
23,112,244
Gross Profit
5,750,535
Less : Other Overhead

Administrative & Selling Expenses (Notes-10)
2,480,646
Financial Expenses (Notes-11)
5,508,942
22,014
8,011,602
Net Loss Before Tax for the year
(2,261,067)
Add : Provision for Turnover Tax
144,314
Net Loss After Tax for the year
(2,405,381)
Add :
(1,112,280)
Balance brought forward from previous year
Accumulated Loss Transferred to Balance Sheet
CHAIRPERSON
Tk.
(3,517,661)
MANAGING DIRETOR

BALANCE SHEET AS AT DECEMBER 31, 2010
SOURCES OF FUNDS
Notes
SHAREHOLDERS' FUNDS
Authorised Capital
500,000 Ordinary Share of Tk. 100 each
Issued, Subscribed and Paid -up Capital
50,000 Ordinary Share of Tk. 100 each fully paid in cash
02
5,000,000
SHORT TERM LOAN
03
59,257,952
50,000,000
Tk.
64,257,952
APPLICATION OF FUNDS
FIXED ASSETS (W.D.V.)- As per Annexure-A
50,892,293
Current Assets
Closing Stocks
Sundry Debtors
Advances, Deposits & Pre-payments
VAT Receivable Account
Cash & Bank Balances
04
05
06
07
Less : Current Liabilities

Provision for Turnover Tax
For Expenses
08
NET CURRENT ASSETS
1,879,121
2,204,506
1,038,851
23,751
4,974,376
10,120,605
144,314
781,981
926,295
9,194,310
42,000
PRELIMINARY & PRE-OPERATIVE EXPENSES
611,688
DEFERRED REVENUE EXPENSES

PROFIT & LOSS ACCOUNT
Tk.
CHAIRPERSON
3,517,661
64,257,952
MANAGING DIRETOR
Signed in terms of our separate report of even date
73, Kakrail, Dhaka.

Date:- 21-08-2010
AHSAN RASHID & CO.

CHARTERED ACCOUNTANTS
0.50

06. VAT Receivable Account
Sl.
Month
No.
Rebate on
Rebate on
TR Challan
Purchase
Elec. & Gas Bill
Deposit
Total
VAT
on Sales
January
66,789
17,086
250,000
333,875
313,564
February
11,368
18,769
230,000
260,136
329,951
March
101,202
17,634
240,000
358,835
326,248
April
45,521
19,128
250,000
314,648
327,480
May
124,670
17,362
230,000
372,032
333,024
June
65,793
19,952
220,000
305,745
320,176
July
74,577
23,341
200,000
297,918
341,078
August
87,763
21,500
250,000
359,263
349,858
September
41,387
23,044
200,000
264,431
267,466
10
October
583,015
245,000
828,015
514,079
11
November
63,886
200,000
263,886
431,676
12
December
102,545
230,000
332,545
474,817
2,745,000
4,291,330
4,329,417
Tk.
1,368,514
177,815
Summary of VAT Account

Openin Balance
Add:
61,839
Rebate on Purchase
1,368,514
Rebate on Electric & Gas Bill
177,815
Cash Deposit on TR Challan
2,745,000
4,291,330
4,353,168
Less:
VAT on Sales
VAT Receivable Account
4,329,417
Tk.
23,751
###########

Schedule of Opening Stock
For the Year 2010
Raw Metarial : 01/01/2010
Sl. No.
Name of Raw Materials
Qty.
Rate
Value
Synthetic Rubber
539.749
133.000
71,786.62
Raw Rubber
517.573
91.000
47,099.14
Re-claim Rubber
139.856
12.000
1,678.27
Carbon Black
754.577
68.160
51,431.97
Chemicals (TDQ)
177.026
171.060
30,282.07
Sulpher
261.099
71.200
18,590.25
Pinter Oil
1,600.553
54.082
86,561.34
Zinc Oxide
127.595
112.180
14,313.61
Crumb
834.164
6.750
5,630.61
10
Nozel 8"
105.848
400.000
42,339.20
11
Nozel 10"12"13"
142.467
350.000
49,863.45
12
Nozel 14"15"16"
50.070
297.700
14,905.84
13
Nozel 20"
89.140
315.620
28,134.37
14
Chemicals(DDS)
16.358
184.180
3,012.82
15
Tyre Cutting
21,040.308
2.500
52,600.77
TOTAL
Finished Goods : 01/01/2010

S.L.
Name of Finished Goods
26,396.383
Qty.
518,230.32
Rate
Value
112
39.50
4,424.00
Baby Taxi Tube (10",12",13")
80.00
320.00
Auto Mobile Tube (14",15",16")
166.00
332.00
Re-Claim Rubber
15,915
11.60
184,614.00
Crumb Rubber
3,150
6.60
20,790.00
Baby Taxi Tube (8")
TOTAL
112.000
210,480.00

Schedule of Closing Stock
For the Year Ended December 31, 2010
Raw Materials: 31/12/2010
Sl. No.
Name of Raw Materials
1
Synthetic Rubber
Raw Rubber
Qty.
Rate
Value
866.823
195.460
169,429
3,497.864
245.000
856,977
Re-claim Rubber
838.971
13.000
10,907
Carbon Black
924.896
76.470
70,727
Chemicals (TDQ)
399.940
371.670
148,646
Sulpher
129.430
23.100
2,990
Pinter Oil
176.426
66.000
11,644
Zinc Oxide
142.556
155.010
22,098
Crumb
1,290.204
7.500
9,677
10
Nozel 8"
260.403
433.330
112,840
11
Nozel 10"12"13"
231.332
366.670
84,823
12
Nozel 14"15"16"
187.145
307.690
57,583
13
Nozel 20"
42.900
331.260
14,211
14
Tyre Cutting
3,717.408
3.500
13,011
TOTAL
Finished Goods: 31/12/2010
S.L.
Name of Finished Goods
12,706.298
Qty.
1,585,561
Rate
Value
Baby Taxi Tube (8")
680
53.00
36,040
Baby Taxi Tube (10",12",13")
496
111.00
55,056
Auto Mobile Tube (14",15",16")
86
227.00
19,522
Auto Mobile Tube (20")
30
551.00
16,530
Curing Bag (20")
20
798.00
15,960
Re-Claim Rubber
9,265
12.60
116,739
Crumb Rubber
4,650
7.25
33,713
TOTAL
GRAND TOTAL =
293,560
1,879,120.17

Manufacturing, Trading And Profit & Loss Account for the year ended December 31, 2009.
Turnover
Sales include VAT
Less : VAT
22,462,415
(2,929,880)
19,532,535
23,112,244
(3,579,709)
Less : Cost of Goods Sold (Notes - 10)

Gross Profit
Less : Other Overhead
Printing & Stationery
Entertainment
Postage
R/M of Building
Electric Light Bill
Telephone Bill
Wasa Bill
Land Revenue
Municipal Tax
Insurance Premium
Forms, Fees, Renewal & Registration
Audit Fees
Bank Charge
Bank Interest
Lease Rent for Vehicles
Courier
Medical & Welfare
Carriage Outward
Sample Expenses
Net Loss for the year
Add : Balance brought forward from previous year
Less: Intangible Income (Notes - 11)
Accumulated Loss Transferred to Balance Sheet
CHAIRPERSON
Taka
360,000
961,000
55,183
38,977
12,774
11,790
30,810
221,559
21,093
12,458
5,879
8,424
196,029
83,009
5,000
3,083
1,276,509
10,000
518,080
53,720
16,000
12,558
13,489
96,110
9,925
30,255
4,063,714
(7,643,423)
(1,028,758)
(8,672,181)
258,837
(8,413,344)
MANAGING DIRETOR

Apcl (My) Accts 2010

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APEX POLYMER CORPORATION LTD.

Manufacturing & Trading Account

9,562,609 Cost of Production

Repairs & Maintenance

Freight, Coolie & Cartage

Oil & Lubricant

Less: Electric Light Bill for office use

Add. Cost of Production

Goods available for sales

15,911,660 Value Added Tax

Less. Closing stock of Finished Goods

Value Added Tax

Gross Profit (Transfer to P/L Account)

Cost of Goods Sold

Diesel for Generator

APEX POLYMER CORPORATION LTD.

Travelling & Conveyance

Forms, Fees, Renewal & Reg.

Foreign Tours Expenses

Application Fee's for Lease

Signboard Making Charge

Medical & Welfare

Gross Profit (Transfer

Net Loss Trans. To P/L

APEX POLYMER CORPORATION LTD.

Balance As per Last Account

Net Loss During the year

Provision For Income Tax

1,028,758 Intangible Income

APEX POLYMER CORPORATION LTD.

Fixed Assets (as per Sch.)

ISSUED, SUBSCRIBED & PAID-UP CAPITAL

Allotment 29,000 Ordinary share of Tk. 100 each

2,459,436.00 Advancd, Deposit & Prepayment

Creditors for goods Supply

Loan to Active Distribution Ltd.

Profit & Loss Appropriation Account

APEX POLYMER CORPORATION LTD.

Land & Land Development

Plant & Machinery

Furniture & Fixture

Tools & Equipment

APEX POLYMER CORPORATION LTD.

Details of Fixed Assets as at December 31, 2009

Land & Land Development

Plant & Machinery

Furniture & Fixture

Tools & Equipment

Spare Parts of Machinery

APEX POLYMER CORPORATION LTD.

Details of Fixed Assets as at December 31, 2010

Land & Land Development

Plant & Machinery

Furniture & Fixture

Tools & Equipment

Spare Parts of Machinery

As Per Asst. Copy

APEX POLYMER CORPORATION LTD.

Details of Fixed Assets as at December 31, 2010

Land & Land Development

Plant & Machinery

Furniture & Fixture

Tools & Equipment

Spare Parts of Machinery