Central Pharmaceuticals Ltd. announcements
203 Dhaka Stock Exchange announcements for Central Pharmaceuticals Ltd. (CENTRALPHL) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (23).
- Resumption after record date
Trading of the shares of the Company will resume on 28.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.
- Spot News
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 from 23.11.2021 to 24.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.08) for July-September, 2021 as against Tk. 0.08 for July-September, 2020. NOCFPS was Tk. 0.00 for July-September, 2021 as against Tk. (0.03) for July-September, 2020. NAV per share was Tk. 6.45 as on September 30, 2021 and Tk. 6.53 as on June 30, 2021.
- (Continuation news of CENTRALPHL): had been submitted on 22.10.2019 and tax assessment thereof have not been yet complet
(Continuation news of CENTRALPHL): had been submitted on 22.10.2019 and tax assessment thereof have not been yet completed. Advance Tax Tk. 286,156,338 and Liabilities for Tax Tk. 279,867,383 remain unadjusted in the accounts. As a result, Assets and Liabilities have been overstated. No supporting documents as against payment of advance tax of Tk. 5,951,887 during the year 2019-2020 have been provided. The company has incurred loss for the year ended 30 June, (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): 2021 but has made no provision for Turnover Tax on gross turnover of Tk. 148,151,797.
(Continuation news of CENTRALPHL): 2021 but has made no provision for Turnover Tax on gross turnover of Tk. 148,151,797. Current tax provision should be Tk. 888,911 on turnover that was not provided for, due to which the current liabilities are understated by the same amount. 3. The volume of inventories was high in comparison to purchase, production capacity, cost of goods sold and turnover as a whole and is increased from last year of which no technical status report was (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): provided to us on the quantity, quality and value of inventories. Physical existence
(Continuation news of CENTRALPHL): provided to us on the quantity, quality and value of inventories. Physical existence with good condition and saleable value of major portion of inventories was doubtful, as movements of inventory were not recorded properly by the company. As per our qualification last year, the management of the company had written off inventory of Tk. 482,218,612 last year against which no supporting documents could be provided to us. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): As per the management, they have destroyed the inventory but no evidence could be pro
(Continuation news of CENTRALPHL): As per the management, they have destroyed the inventory but no evidence could be provided on destruction. Neither were we informed before any such destruction done by the company. The value of inventory destroyed was charged in the cost of goods sold. The company could not provide proper evidence or justification for charging the loss incurred on inventory destruction in cost of goods sold. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): As existence or destruction of inventory was not justified by the company the actual
(Continuation news of CENTRALPHL): As existence or destruction of inventory was not justified by the company the actual value of inventory could not be determined or whether the loss incurred by them was correctly charged in cost of goods sold. 4. The balance of accounts receivable of Tk. 79,054,171 has increased from last year and is 53.3\% of total sales reported during the year. No status report or confirmation certificate of lying balances with the concerned sales centers and (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): parties could be provided to us. The company does not have any policy regarding recov
(Continuation news of CENTRALPHL): parties could be provided to us. The company does not have any policy regarding recoverability of these receivables. Hence, recovery of accounts receivable was doubtful and no provision for bad debts was accounted for in last year. As per our qualification last year, the management of the company has written off trade receivables of Tk. 583,386,646 during the year against which no supporting documents could be provided to us. (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): As per the management, there were long cumulative outstanding amounts, untraceable me
(Continuation news of CENTRALPHL): As per the management, there were long cumulative outstanding amounts, untraceable medicine shops and medical officers, unadjusted returned expired products that were not accounted for in previous years which were taken into consideration in current year. However, no detailed calculation or supporting could be provided by the management on the balances written off. 5. In note no. 21 of the financial statements, amount of Tk. 3,152,249 (cont.9)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): was shown paid against Workers\' Profit Participation Fund against which no proper do
(Continuation news of CENTRALPHL): was shown paid against Workers\' Profit Participation Fund against which no proper documents were provided to us. 6. Net Sales have been shown Tk. 140,091,702 against which no proper documents could be provided to us. 7. No proper documents could be provided to us against purchase of raw materials and packing materials of amounting Tk. 44,927,351 and Tk. 22,654,457. (cont.10)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): 8. Non-payment of Worker\'s Profit Participation Fund (WPPF) and Welfare Fund (WF): C
(Continuation news of CENTRALPHL): 8. Non-payment of Worker\'s Profit Participation Fund (WPPF) and Welfare Fund (WF): Constitution of management board and management of the fund regarding Workers Profit Participation Fund (WPPF) & Welfare Fund (WF) has not been maintained in accordance with the provision made in section 232 to 235 of the Bangladesh Labour Act, 2006 as amended 2013. (cont.11)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): It also appears that the Company has not distributed or utilized the Workers\' Profit
(Continuation news of CENTRALPHL): It also appears that the Company has not distributed or utilized the Workers\' Profit Participation Fund Tk. 13,744,387 of WPPF for a long period of time violating the Section 242 of the Bangladesh Labour Act, 2006 as amended 2013. The company did not form any Gratuity Fund (GF) and Provident Fund (PF) during the year or made any provision for the year. (cont.12)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): This is also non-compliance of the Bangladesh Labor Act, 2006 as amended 2013 as well
(Continuation news of CENTRALPHL): This is also non-compliance of the Bangladesh Labor Act, 2006 as amended 2013 as well as Employee Benefits (IAS-19). 9. No proper documents could be provided to us against addition of Property, Plant & Equipment. 10. No proper calculation could be provided to us against Deferred Tax. 11. In note no 18 of the financial statement other payable includes TK. 688,096 of which no proper documents were provided to us. (cont.13)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of CENTRALPHL): This amount is due in respect to cash dividend payable which is not disclosed as per BSEC Directive no. BSEC/CMRRCD/2021-386/03 dated 14 January 2021. Also the unclaimed dividend was not transferred to capital market stabilization fund (CMSF). (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(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 November 15, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (07.11.2021) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2021. Date of AGM: 30.12.2021, Time: 11:30 AM, Venue: Digital Platform. Record date: 25.11.2021. The Company has also reported EPS of Tk. (0.07), NAV per share of Tk. 6.53 and NOCFPS of Tk. 0.01 for the year ended on June 30, 2021 as against Tk. (9.24), Tk. 6.60 and Tk. (0.00) respectively for the same period of the previous year.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, due to unavoidable circumstances, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 4, 2021 at 3:00 PM instead of October 28, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Board Meeting schedule under LR 19(1)
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, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Query Response
In response to a DSE query dated August 02, 2021, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(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 January 30, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.