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 2022 (29).
- Resumption after record date
Trading of the shares of the Company will resume on 27.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 22.11.2022 to 23.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.08) for July-September, 2022 as against Tk. (0.08) for July-September, 2021. NOCFPS was Tk. 0.00 for July-September, 2022 as against Tk. 0.00 for July-September, 2021. NAV per share was Tk. 5.88 as on September 30, 2022 and Tk. 5.96 as on June 30, 2022.
- The auditor of the Central Pharmaceuticals Limited has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Repo
The auditor of the Central Pharmaceuticals Limited has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Report for the year ended June 30, 2022. Basis for Qualified Opinion: 1. The company has negative Retained earnings of Taka (999,022,598) as on June 30, 2022. And the company has failed to pay the loan installment in due time and also the loan amount Taka 268,474,751 is considered as Bad and loss by the bank. The company could not arrange any fund to repay the loan (cont.1)
- (Continuation news of CENTRALPHL): and the operating cash flow of the company is negative. These events or conditions, a
(Continuation news of CENTRALPHL): and the operating cash flow of the company is negative. These events or conditions, along with other matters indicate that a material uncertainty exist that may cast significant doubt on the company\'s ability to continue as a going concern. The financial statements do not adequately disclose this matter. 2. As per Financial Statements of June 30, 2021, Provision for tax liabilities shows Total taka 279,67,383 up to assessment years 2020-2021. But NBR (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): claimed taxes due Taka 988,245,451 for various assessment years from (Assessment year
(Continuation news of CENTRALPHL): claimed taxes due Taka 988,245,451 for various assessment years from (Assessment years 2007 to 2021) as per letter no 178456845965/Circle-155/2021-2022 dated March 15, 2022. But the company did not settle the issue with NBR and also the company did not maintain provisions for arrear tax liabilities for Taka 708,378,068. 3. The company has total bank loan Liabilities Taka 268,474,751 from Janata bank, local office, 1, Dilkusha, C/A as on June 30, 2022. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): Since the company failed to pay loan installment in due time bank converted this loan
(Continuation news of CENTRALPHL): Since the company failed to pay loan installment in due time bank converted this loan as bad and loss. We also observed that bank charged interest Taka 17,357,468 on loan amount for nine months from July 01, 2021 to March 31, 2022. But bank did not charge interest for three months from April 2022 to June 30, 2022. The company did not make provision for three month interest. 4. We could not obtain sufficient appropriate audit evidence for Accounts (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): Receivables Taka 79,100,617 for which no confirmation was given to us. We also could
(Continuation news of CENTRALPHL): Receivables Taka 79,100,617 for which no confirmation was given to us. We also could not send confirmation letter due to not producing address of Party. Since the amount carried forwarded from long time, recovery of accounts receivables is doubtful but no provision have been made for doubtful amount. 5. We could not obtain sufficient appropriate audit evidence for Spare parts & Supplies Taka 24,008,791 which was carried forwarded from last year. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): Since the amount carried forwarded from long time, the amount is doubtful but no prov
(Continuation news of CENTRALPHL): Since the amount carried forwarded from long time, the amount is doubtful but no provision have been made for doubtful amount. 6. Advance Deposits & prepayments shown Taka 287,812,844. Out of Taka 287,812,844 Taka 111,165 was paid for Advance income tax during the year. Rest amount Taka 287,701,679 which was carried forwarded from last year for which no confirmation was given to us. We could not confirm the amount Taka 287,701,679 (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): due to non-production of necessary documents to us. We also could not send confirmati
(Continuation news of CENTRALPHL): due to non-production of necessary documents to us. We also could not send confirmation letter due to not producing address of Party. Since the amount carried forwarded from long time, recovery of advance is doubtful but no provision have been made for doubtful amount. 7. We could not obtain sufficient appropriate audit evidence for Sundry creditors Taka 1,499,174 for which no confirmation was given to us. We could not confirm the (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): amount due to non production of necessary documents to us. We also could not send con
(Continuation news of CENTRALPHL): amount due to non production of necessary documents to us. We also could not send confirmation letter due to not producing address of Party. 8. We could not obtain sufficient appropriate audit evidence for Other payables Taka 5,962,694 which was carried forwarded from last year. We could not confirm the amount due to non-production of necessary documents to us. 9. Three Bank Accounts of the company with Janata Bank Ltd. Local office, Dhaka were frozen by the (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): Tax Authority demanding Tax Liability amount of Tk. 93,082,463 vide their letter no.1
(Continuation news of CENTRALPHL): Tax Authority demanding Tax Liability amount of Tk. 93,082,463 vide their letter no.178456845965/Circle-155/2014-2015/232 dated 26.04.2015 and no subsequent development thereof was reported. Since then, the company has been running through cash transactions. 10. We observed that the company has been maintaining one bank account in Islami bank Bangladesh Limited, (Account no 20502090100378300, Shyamoli Branch). The company maintain (cont.9)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): all transaction by way of cash except transaction in Islami bank Bangladesh Limited (
(Continuation news of CENTRALPHL): all transaction by way of cash except transaction in Islami bank Bangladesh Limited (Account no 20502090100378300, Shyamoli Branch). Since the company maintain maximum cash transaction, there may have chance of over or under payment of expenses or over or under receipt of sales or income. 11. We also observed that Islami bank Bangladesh Limited (Account no 20502090100378300, Shyamoli Branch) were positive balance of Taka 6,366 as on 30.6,2021. But the (cont.10)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): company failed to show this amount Taka 6,366 in last year financial statement as on
(Continuation news of CENTRALPHL): company failed to show this amount Taka 6,366 in last year financial statement as on 30.6.2021. The company could not give explanations for not showing the balance in last year financial statement as on 30.6.2021. 12. No latest status on Tax assessment position of the company was provided. The National Board of Revenue (NBR) claimed taxes due Taka 988,245,451 for various assessment years from 2007 to 2021 as per letter no (cont.11)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): 178456845965/Circle-155/2021-2022 dated March 15, 2022. Advance Tax Tk. 286,267,503 a
(Continuation news of CENTRALPHL): 178456845965/Circle-155/2021-2022 dated March 15, 2022. Advance Tax Tk. 286,267,503 and Provision for Tax Liabilities Tk. 280,023,373 remain unadjusted in the accounts as on 30.06.2022. As a result, Assets and Liabilities have been overstated. 13. We could not obtain sufficient appropriate audit evidence for Inventories shown in Note no-5 to the Financial statements. We could not confirm the Inventories due to non-production of appropriate documents (cont.12)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): to us. 14. Net Sales have been shown Tk. 25,998,303 against which no proper documents
(Continuation news of CENTRALPHL): to us. 14. Net Sales have been shown Tk. 25,998,303 against which no proper documents could be provided to us. 15. No proper documents could be provided to us against purchase of raw materials Taka 8,082,891 and packing materials of Tk. 1,965,421. 16. No proper calculation could be provided to us against Deferred Tax. And no deferred tax have been calculated on revaluation reserve of land. 17. Unclaimed Cash Dividend payable shown Taka 859,383. And this amount (cont.13)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): was not transferred to capital market stabilization fund (CMSF) till November 03, 202
(Continuation news of CENTRALPHL): was not transferred to capital market stabilization fund (CMSF) till November 03, 2022 as per BSEC Directive no. BSEC/CMRRCD/2021-391/20admin/121dated 1 June, 2021 18. We could not verify the appropriateness of book value of Property, Plant and equipment of the company shown in Note no-3 & Annexure-A to the Financial Statements. a) As per IAS 16, Property, Plant and equipment, revaluations should be carried out regularly so that carrying amount of assets (cont.14)
The first part of this announcement is missing from the archive. - (Continuation news of CENTRALPHL): does not differ materially from its fair value at the balance sheet date. Revaluation
(Continuation news of CENTRALPHL): does not differ materially from its fair value at the balance sheet date. Revaluation of land was made in 31 March, 2014. Factory Building, Plant and machinery & other equipment shows carrying value Taka 265,652,112 but Factory Building & most of the Plant and machinery which were found beyond their repairment stage. No impairment of assets was carried out in compliance with IAS-36. (cont.15)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of CENTRALPHL): 19. We observed that the company consumed raw materials Taka 24,904,519 against sales of Taka 25,998,303. But management could not provide us proper evidence for excess raw materials consumption. (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, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (06.11.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2022. Date of AGM: 29.12.2022, Time: 11:30 AM, Venue: Digital Platform. Record date: 24.11.2022. The Company has also reported EPS of Tk. (0.57), NAV per share of Tk. 5.96 and NOCFPS of Tk. (0.01) for the year ended June 30, 2022 as against Tk. (0.07), Tk. 6.53 and Tk. 0.01 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 be held on November 03, 2022 at 3:30 PM instead of October 27, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- 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 27, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.08) for January-March 2022 as against Tk. (0.10) for January-March 2021; EPS was Tk. (0.26) for July 2021-March 2022 as against Tk. 0.06 for July 2020-March 2021. NOCFPS was Tk. 0.00 for July 2021-March 2022 as against Tk. (0.08) for July 2020-March 2021. NAV per share was Tk. 6.27 as on March 31, 2022 and Tk. 6.53 as on June 30, 2021.
- 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 April 26, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.10) for October-December 2021 as against Tk. 0.08 for October-December 2020; EPS was Tk. (0.18) for July-December 2021 as against Tk. 0.16 for July-December 2020. NOCFPS was Tk. (0.00) for July-December 2021 as against Tk. 0.10 for July-December 2020. NAV per share was Tk. 6.35 as on December 31, 2021 and Tk. 6.53 as on June 30, 2021.
- 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, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.