Bangladesh Welding Electrodes Ltd. announcements
317 Dhaka Stock Exchange announcements for Bangladesh Welding Electrodes Ltd. (BDWELDING) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2020 (38).
- The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2019 to the respective sha
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2019 to the respective shareholders' BO Accounts on October 14, 2020.
- (Continuation news of BDWELDING): the Industry from Govt. of Bangladesh. These products have no sale value as these were
(Continuation news of BDWELDING): the Industry from Govt. of Bangladesh. These products have no sale value as these were produced using wrong materials. Company had to pay compensation to some users whose ship got cracked using the welding rod supplied by the previous management. (end)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): c) We could not verify the pending legal matters as the information was not provided t
(Continuation news of BDWELDING): c) We could not verify the pending legal matters as the information was not provided to us and opinion from the legal adviser were also not available. d) Deferred tax has been calculated only on revaluation surplus and accounted for in the financial statements without taking into consideration the temporary difference amount. e) We could not verify the challan for payment of VAT amounting to Tk. 40,551. (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): f) Unclaimed dividend as per financial statements is Tk. 32,68,007 but no fund exists
(Continuation news of BDWELDING): f) Unclaimed dividend as per financial statements is Tk. 32,68,007 but no fund exists as such in the financial statements to meet this liability. We could not verify the detailed as the list for this item were not provided. g) We could not verify the item of prior year adjustment. (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): Emphasis of Matter: Without qualifying our opinion, we draw attention to a) Note # 2.0
(Continuation news of BDWELDING): Emphasis of Matter: Without qualifying our opinion, we draw attention to a) Note # 2.04 to the financial statements in which the management of the company explained its position as to why the financial statements have been prepared on going concern basis. b) Note # 22.04, 22.05 & 22.06 to the financial statements in which the management of the company explained the reasons as to why provisions have been made for inventories, receivable (cont. 5)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): and registration & mutation purpose. c) Notes # 6.00 to the financial statements, whic
(Continuation news of BDWELDING): and registration & mutation purpose. c) Notes # 6.00 to the financial statements, which describe that due to limited operation for applicable year the wastage of raw materials has caused significant deterioration in the company's financial performance during the year as evidenced by the increase in its net loss from Tk. 83,860,131 to Tk. (1,54,16,735) as compared with the last year. In addition, operating cash flows were also deteriorated (cont. 6)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): in line with the increase in net loss as occurred during the year. d) The production f
(Continuation news of BDWELDING): in line with the increase in net loss as occurred during the year. d) The production facilities of the company is not operative. Note 2.04- Going Concern: During the year the company through an agreement of sale and power of attorney dated 13 June 2017 sold land 2.49 Acre and RCC structure of factory building at Tk. 398,465,000. The company received Tk. 321,139,000 against agreed value. Out of the fund, the company paid the bank loan (cont. 7)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): in full and a part of other liabilities. The balance amount of Tk. 77,326,000 remained
(Continuation news of BDWELDING): in full and a part of other liabilities. The balance amount of Tk. 77,326,000 remained outstanding with the buyer of the land. This amount has been earmarked for utilizing for shifting and erecting the factory shed. The management of the company estimates that the resource available adequate to meet its fund requirement in the foreseeable period. Thus the management deemed it appropriate to prepare the financial statements on going concern basis. (cont. 8)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): Note 22.04- Provision for Obsolete Inventories: Balance of Provision for Obsolete Inve
(Continuation news of BDWELDING): Note 22.04- Provision for Obsolete Inventories: Balance of Provision for Obsolete Inventories was Tk. 0 & 50,807,392 as at 30.06.2018 and as at 30.06.2017 respectively. The Company had to maintain the stock of flood damaged goods in the absence of getting insurance claim and not being able to adjust the liability of the bank against goods under LTR/pledge. Since the factory shifting continuing, retaining of the damaged goods and (cont. 9)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): carrying the same to the new-factory becoming meaningless. The liability of the bank a
(Continuation news of BDWELDING): carrying the same to the new-factory becoming meaningless. The liability of the bank against damaged goods has been adjusted, hence this provision was made. Note 22.05- Provision for Bad and Doubtful Debts: Balance of Provision for Bad and Doubtful Debts was Tk. 0 & 94,806,662 as at 30.06.2018 and as at 30.06.2017 respectively. Note 22.06- Provision for registration, mutation and cost: Balance of Provision for registration, (cont. 10)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): mutation and cost was Tk. 26,106,500 & 26,106,500 as at 30.06.2018 and as at 30.06.201
(Continuation news of BDWELDING): mutation and cost was Tk. 26,106,500 & 26,106,500 as at 30.06.2018 and as at 30.06.2017 respectively. Above amount represents CDA Permission fee and other expenses related to non Muted land .26 Decemial with CDA. Note 6.00 - Inventories: Balance of Inventories was Tk. 155,030,865 & 205,838,257 as at 30.06.2018 and as at 30.06.2017 respectively. Note 6.01 - Raw Materials: Balance of Raw Materials was Tk. 144,867,549 (cont. 11)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): & 175,540,744 as at 30.06.2018 and as at 30.06.2017 respectively. Note 6.02 - Packing
(Continuation news of BDWELDING): & 175,540,744 as at 30.06.2018 and as at 30.06.2017 respectively. Note 6.02 - Packing Materials: Balance of Packing Materials was Tk. 0 & 1,845,210 as at 30.06.2018 and as at 30.06.2017 respectively. Note 6.03- Work-in-process: Balance of Work-in-process was Tk. 0 & 2,844,780 as at 30.06.2018 and as at 30.06.2017 respectively. Note 6.04- Finished Goods: Balance of Finished Goods was Tk. 10,163,316 & 17,962,612 as at 30.06.2018 (cont. 12)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): and as at 30.06.2017 respectively. Note 6.05 - Stores & Spares: Balance of Stores & Sp
(Continuation news of BDWELDING): and as at 30.06.2017 respectively. Note 6.05 - Stores & Spares: Balance of Stores & Spares was Tk. 0 & 7,644,911 as at 30.06.2018 and as at 30.06.2017 respectively. Provision has been made on damaged work in process and finished goods received at the early stage of takeover of the Industry from Govt. of Bangladesh. These products have no sale value as these were (cont. 13)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): produced using wrong materials. Company had to pay compensation to some users whose sh
(Continuation news of BDWELDING): produced using wrong materials. Company had to pay compensation to some users whose ship got cracked using the welding rod supplied by the previous management. (end)
The first part of this announcement is missing from the archive. - The auditor of Bangladesh Welding Electrodes Ltd. has given the following "Qualified Opinion & Emphasis of Matter" in th
The auditor of Bangladesh Welding Electrodes Ltd. has given the following "Qualified Opinion & Emphasis of Matter" in the audit report of the Company prepared for the year ended on June 30, 2019. Qualified Opinion: a) The evidence with respect to inventory having a carrying amount of Tk. 15,50,30,865 was limited because we could not observe the counting of physical inventory as of 30 June, 2019 as well as no proper inventory record was provided to us during audit. (cont. 1)
- (Continuation news of BDWELDING): As a result, physical existence of inventory and value thereof could not be verified.
(Continuation news of BDWELDING): As a result, physical existence of inventory and value thereof could not be verified. b) We could not verify the addition to the fixed assets amount as the proper detail vouchers have not been provided except the value of the land. c) We could not verify the pending legal matters as the information was not provided to us and opinion from the legal adviser were also not available. d) Deferred tax has been calculated only on revaluation surplus and (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): accounted for in the financial statements without taking into consideration the tempor
(Continuation news of BDWELDING): accounted for in the financial statements without taking into consideration the temporary difference amount. e) We could not verify the challan for payment of VAT amounting to Tk. 143,755. f) Unclaimed dividend as per financial statements is Tk. 32,68,007 but no fund exists as such in the financial statements to meet this liability. We could not verify the detailed as the list for this item were not provided. g) We could not verify the item (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): of prior year adjustment. Emphasis of Matter: Without qualifying our opinion, we draw
(Continuation news of BDWELDING): of prior year adjustment. Emphasis of Matter: Without qualifying our opinion, we draw attention to a) Note # 2.04 to the financial statements in which the management of the company explained its position as to why the financial statements have been prepared on going concern basis. b) Note # 22.04, 22.05 & 22.06 to the financial statements in which the management of the company explained the reasons as to why provisions have been made for inventories, (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): receivable and registration & mutation purpose. c) Notes # 6.00 to the financial state
(Continuation news of BDWELDING): receivable and registration & mutation purpose. c) Notes # 6.00 to the financial statements, which describe that due to limited operation for applicable year the wastage of raw materials has caused significant deterioration in the company's financial performance during the year. d) The production facilities of the company is not operative. Note 2.04 - Going Concern: During the year the company through an agreement of sale and power of attorney dated (cont. 5)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): 13 June 2017 sold land 2.49 Acre and RCC structure of factory building at Tk. 398,465,
(Continuation news of BDWELDING): 13 June 2017 sold land 2.49 Acre and RCC structure of factory building at Tk. 398,465,000. The company received Tk. 327,125,445 against agreed value. Out of the fund, the company paid the bank loan in full and a part of other liabilities. The balance amount of Tk. 71,339,555 remained outstanding with the buyer of the land. This amount has been earmarked for utilizing for shifting and erecting the factory shed. The management of the (cont. 6)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): company estimates that the resource available adequate to meet its fund requirement in
(Continuation news of BDWELDING): company estimates that the resource available adequate to meet its fund requirement in the foreseeable period. Thus the management deemed it appropriate to prepare the financial statements on going concern basis. Note 22.04 - Provision for Obsolete Inventories: Balance of Provision for Obsolete Inventories was Tk. 0 & 0 as at 30.06.2019 and as at 30.06.2018 respectively. The Company had to maintain the stock of flood damaged goods (cont. 7)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): in the absence of getting insurance claim and not being able to adjust the liability o
(Continuation news of BDWELDING): in the absence of getting insurance claim and not being able to adjust the liability of the bank against goods under LTR/pledge. Since the factory shifting continuing, retaining of the damaged goods and carrying the same to the new-factory becoming meaningless. The liability of the bank against damaged goods has been adjusted, hence this provision was made. Note 22.05 - Provision for Bad and Doubtful Debts: Balance of Provision (cont. 8)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): for Bad and Doubtful Debts was Tk. 0 & 0 as at 30.06.2019 and as at 30.06.2018 respect
(Continuation news of BDWELDING): for Bad and Doubtful Debts was Tk. 0 & 0 as at 30.06.2019 and as at 30.06.2018 respectively. Note 22.06 - Provision for registration, mutation and cost: Balance of Provision for registration, mutation and cost was Tk. 26,106,500 & 26,106,500 as at 30.06.2019 and as at 30.06.2018 respectively. Above amount represents CDA Permission fee and other expenses related to non Muted land .26 Decimal with CDA. Note 6.00- Inventories: (cont. 9)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): Balance of Inventories was Tk. 155,030,865 & 105,030,865 as at 30.06.2019 and as at 30
(Continuation news of BDWELDING): Balance of Inventories was Tk. 155,030,865 & 105,030,865 as at 30.06.2019 and as at 30.06.2018 respectively. Note 6.01- Raw Materials: Balance of Raw Materials was Tk. 144,867,549 & 144,867,549 as at 30.06.2019 and as at 30.06.2018 respectively. Note 6.02- Packing Materials: Balance of Packing Materials was Tk. 0 & 0 as at 30.06.2019 and as at 30.06.2018 respectively. Note 6.03- Work-in-process: Balance of Work-in-process (cont. 10)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): was Tk. 0 & 0 as at 30.06.2019 and as at 30.06.2018 respectively. Note 6.04 - Finished
(Continuation news of BDWELDING): was Tk. 0 & 0 as at 30.06.2019 and as at 30.06.2018 respectively. Note 6.04 - Finished Goods: Balance of Finished Goods was Tk. 10,163,316 & 10,163,316 as at 30.06.2019 and as at 30.06.2018 respectively. Note 6.05 - Stores & Spares: Balance of Stores & Spares was Tk. 0 & 0 as at 30.06.2019 and as at 30.06.2018 respectively. Provision has been made on damaged work in process and finished goods received at the early stage of take over of (cont. 11)
The first part of this announcement is missing from the archive. - Trading of the Shares of the Company will resume on 01.09.2020 after record date.
Trading of the Shares of the Company will resume on 01.09.2020 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 31.08.2020.
Trading of the shares of the Company will remain suspended on record date i.e., 31.08.2020.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 17.08.2020 to 27.08.2020. Trading of the shares of the Company will remain suspended on record date i.e., 31.08.2020.
- The Board of Directors has recommended No dividend for the year ended on June 30, 2018 and also recommended 1% stock div
The Board of Directors has recommended No dividend for the year ended on June 30, 2018 and also recommended 1% stock dividend for the year ended on June 30, 2019. Date of AGM: 17.09.2020, Time: 11:30 AM for the year of 2018 and Time: 12:00 Noon for the year of 2019. Venue: Digital Platform. Record Date: 31.08.2020 for the year of 2018 and 2019. (cont. 1)
- (Continuation news of BDWELDING): The Company has also reported EPS of Tk. (0.36), NAV per share of Tk. 11.69 and NOCFPS
(Continuation news of BDWELDING): The Company has also reported EPS of Tk. (0.36), NAV per share of Tk. 11.69 and NOCFPS of Tk. (0.41) for the year ended on December 31, 2018 as against Tk. 1.95, Tk. 12.04 and Tk. (0.73) respectively for the same period of the previous year. (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): The Company has also reported EPS of Tk. (0.08), NAV per share of Tk. 11.61 and NOCFPS
(Continuation news of BDWELDING): The Company has also reported EPS of Tk. (0.08), NAV per share of Tk. 11.61 and NOCFPS of Tk. (0.09) for the year ended on December 31, 2019 as against Tk. (0.36), Tk. 11.69 and Tk. (0.41) respectively for the same period of the previous year. (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of BDWELDING): The Company also informed that this is in honor of the order of the honorable High Cou
(Continuation news of BDWELDING): The Company also informed that this is in honor of the order of the honorable High Court, dated February 19, 2020 on Company Matter case # 298 of 2019 for conducting the AGMs for the financial years 2017-18 & 2018-19. (end)
The first part of this announcement is missing from the archive. - There will be no price limit on the trading of the shares of the Company today (10.08.2020) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (10.08.2020) 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.
- Dividend Declaration (Additional Information): The Company has informed that they recommended 1% stock dividend for the
Dividend Declaration (Additional Information): The Company has informed that they recommended 1% stock dividend for the year 2019 due to following reasons: a) The factory of the Company shifted from Chittagong to Dhamrai, Dhaka which is under Construction. BMRE is continuing. On completion of the job and at re-start of production PSI will follow. (cont.)
- (Continuation news of BDWELDING): b) The bonus share has been declared from the accumulated profit. c) The bonus share h
(Continuation news of BDWELDING): b) The bonus share has been declared from the accumulated profit. c) The bonus share has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company.
The first part of this announcement is missing from the archive. - As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that a
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that a meeting of the Board of Directors will be held on August 09, 2020 at 3:30 PM to consider, among others, audited financial statements of the Company for the years ended on June 30, 2018 and 2019.
- The Company has further informed that, due to declaration of public holidays in relation to COVID-19 by the Government,
The Company has further informed that, due to declaration of public holidays in relation to COVID-19 by the Government, the Board meeting as per LR 19(1), scheduled to be held on March 28, 2020 at 4:00 PM, to consider, among others, audited financial statements of the Company for the years ended on June 30, 2018 and 2019 as per judgment and order of the Honorable High Court division of the Supreme Court of Bangladesh, has been postponed. New date and time of the meeting will be notified later on.
- As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
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 March 28, 2020 at 4:00 PM to consider, among others, audited financial statements of the Company for the years ended on June 30, 2018 and 2019 as per judgment and order of the Honorable High Court division of the Supreme Court of Bangladesh.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.