The Dacca Dyeing & Manufacturing Company Limited announcements
280 Dhaka Stock Exchange announcements for The Dacca Dyeing & Manufacturing Company Limited (DACCADYE) since 2009: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (36).
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.03 for July-September 2022 as against Tk. 0.31 for July-September 2021; NOCFPS was Tk. 0.57407 for July-September 2022 as against Tk. 0.31452 for July-September 2021. NAV per share was Tk. 34.67 as on September 30, 2022 and Tk. 34.64 as on June 30, 2022. The company has informed that profit has significantly decreased due to massive repair and maintenance work during the period.
- Resumption after record date
Trading of the shares of the Company will resume on 29.11.2022 after record date.
- 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 29, 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.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2022.
- 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 with cum benefit from 24.11.2022 to 27.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2022.
- The auditor of \'The Dacca Dyeing & Manufacturing Co. Ltd.\' has given the \"Qualified Opinion\", \"Emphasis of Matter\"
The auditor of \'The Dacca Dyeing & Manufacturing Co. Ltd.\' has given the \"Qualified Opinion\", \"Emphasis of Matter\" & \"Material Uncertainty Related to Going Concern\" paragraph in the Auditor\'s Report for the year ended 30 June 2022. Basis for Qualified Opinion: 1. We draw attention to the Note No.3 along with Annexure-A where the company reported property, plant and equipment amount to Taka 4,714,760,507. Except land we are unable to verify the existence of the assets (cont.1)
- (Continuation news of DACCADYE): as the company has not maintained proper fixed asset register or used any fixed asset m
(Continuation news of DACCADYE): as the company has not maintained proper fixed asset register or used any fixed asset management system. 2. We draw attention to Note No 17.02 Workers Profit Participation Fund (WPPF), where provision was made amount to Taka 81,209,099 for several years but not distributed to employees as per provision of Labor Act 2006 at a ratio of 80:10:10 to Workers, Worker Welfare Fund and Worker Welfare Foundation Fund. Though, (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of DACCADYE): the company establish a trusty board for the management of the fund. Emphasis of Matter
(Continuation news of DACCADYE): the company establish a trusty board for the management of the fund. Emphasis of Matter: 1. Non-Current Assets Held for sale and discontinued operation amount of Taka. 313,229,880. Recently the company decided to re-start its operation with the discontinued operation as disclosed in Note no. 10.00. 2. We draw attention to Note No. 18 & 19 of the Financial Statements of Current maturity of long-term borrowings amount to Taka 830,895,052 and (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of DACCADYE): short-term borrowings amount to Taka 421,142,787 which were remain unadjusted since 201
(Continuation news of DACCADYE): short-term borrowings amount to Taka 421,142,787 which were remain unadjusted since 2014. We also draw attention to Note No. 17 Provision for Bank Liability amount to Taka 1,475,551,403. The provision was made against the principal of the loan and interest. 3. The company has presented in note no. 22. As turnover of Taka 630,235,655. But in the vat return only Tk. 604,423. Rest of the amounts is cash sales. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of DACCADYE): Material uncertainty related to going concern: We are required to report if we have con
(Continuation news of DACCADYE): Material uncertainty related to going concern: We are required to report if we have concluded that the use of the going concern basis of accounting is inappropriate or there is an undisclosed material uncertainty that may cast significant doubt over the use of that basis for a period of at least twelve months from the date of the financial statements. The company has going concern threat as- Negative Retained earnings, significant current maturity of long-term (cont.5)
The first part of this announcement is missing from the archive. - Qualified Opinion, Emphasis of Matter & Going Concern
(Continuation news of DACCADYE): borrowings and short-term loans and Lower capacity utilization. However, management has disclosed there basis for preparing the financial statement in going concern basis in note no.2.36. We described the events or matters that may cast significant doubt on the company's ability to continue as going concern. (end)
The first part of this announcement is missing from the archive. - 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 0.25% cash dividend for the year ended June 30, 2022. Date of AGM: 05.01.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 28.11.2022. The Company has reported EPS of Tk. 0.14, NAV per share of Tk. 34.64 and NOCFPS of Tk. 1.85368 for the year ended June 30, 2022 as against Tk. 0.60, Tk. 34.48 and Tk. 1.64336 respectively for the same period of the previous year.
- 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 November 03, 2022 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials (Additional information)
(Q3 Un-audited): The Company has also informed that significant profit has decreased in the Q3 period ended March 31, 2022 compare to Q3 period ended March 31, 2021 due to massive repair and maintenance work have done during Q3 period in 2021-2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.06 for January-March 2022 as against Tk. 0.19 for January-March 2021; EPS was Tk. 0.79 for July 2021-March 2022 as against Tk. 0.47 for July 2020-March 2021. NOCFPS was Tk. 1.34016 for July 2021-March 2022 as against Tk. 1.18162 for July 2020-March 2021. NAV per share was Tk. 35.28 as on March 31, 2022 and Tk. 34.47 as on June 30, 2021.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that due to unavoidable circumstances a meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on May 19, 2022 at 4:00 PM instead of May 16, 2022 to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- 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 May 16, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- The auditor of the The Dacca Dyeing & Manufacturing Co.Ltd. has given the \"Qualified Opinion\", \"Report on going conce
The auditor of the The Dacca Dyeing & Manufacturing Co.Ltd. has given the \"Qualified Opinion\", \"Report on going concern\" and \"Other matter\" paragraphs in the Auditor\'s Report for the year ended 30 June, 2021. Qualified Opinion: a) We refer to the Note 3 reads with Annexure-A, where the company reported Property, Plant and Equipment Tk. 4,594,518,254.00. Except Land and Building, we are unable to verify the whereabouts of other items as mentioned in said (cont.1)
- (Continuation news of DACCADYE): Notes and Annexure due to absence of appropriate Fixed Asset management system which is
(Continuation news of DACCADYE): Notes and Annexure due to absence of appropriate Fixed Asset management system which is non-compliance of IAS-16: Property, Plant and Equipment, anyway the Fixed Asset management system is under process; b) As per section 234 of Bangladesh Labor Act 2006 as amended up to 2013 every company should establish a Workers Profit Participation Fund (WPPF) and Workers\' Welfare Fund (WWF) within one month of being this chapter applicable if: (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of DACCADYE): i) The paid-up capital of the company as on the last day of its accounting year is one
(Continuation news of DACCADYE): i) The paid-up capital of the company as on the last day of its accounting year is one crore taka or more; and ii) The value of the fixed assets of the company at cost on last day of the accounting year is two crore or more. The company is not doing the same as described in said compliance but they made provision. Report on going concern: We are required to report if we have concluded that the use of the going concern basis of accounting is inappropriate or there is(cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of DACCADYE): an undisclosed material uncertainty that may cast significant doubt over the use of tha
(Continuation news of DACCADYE): an undisclosed material uncertainty that may cast significant doubt over the use of that basis for a period of at least twelve months from the date of the financial statements. However, policies Note No. 2.36 the company Explain their position regarding going concern. Note 2.36 Going Concern: The management has tested the going concern threats to the company and reliability estimates that there are no events that may cast significant doubt on the company\'s (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of DACCADYE): ability to run as a going concern. The company has identified accumulated Tk. 1,265,856
(Continuation news of DACCADYE): ability to run as a going concern. The company has identified accumulated Tk. 1,265,856,190 as previous years loss and operating profit incurred during the year Tk. 162,588,149 effect of which are given in written earnings but the company has a plan and forecast to recover this loss in forthcoming years and there is no possibility to close of operation in foreseeable future. Moreover our regulatories is closely monitoring our activities and assisting (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of DACCADYE): d) As per Section-30(m), Income Tax Ordinance 1984 any payment by a person exceeding ta
(Continuation news of DACCADYE): d) As per Section-30(m), Income Tax Ordinance 1984 any payment by a person exceeding taka fifty thousand or more, otherwise than by bank transfer excluding- i) Salary or remuneration made to any employee, without prejudice to an obligation referred to in clause; ii) Any payment for government obligation; iii) Any payment on account of purchase of raw materials. The company is not doing the same as described in said compliance. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion, Going concern Report and Other matter.
(Continuation news of DACCADYE): to come out of this type of situation like similar companies as before. Other Matter: a) In our audit period we observed that the company did not deposit the TDS and VDS at any applicable sector which is non-compliance of Income Tax Ordinance 1984 and Value Added Tax and Supplementary Duty Act-2012 and Value Added Tax and Supplementary Duty Rules-2016; (cont.6)
The first part of this announcement is missing from the archive. - Qualified Opinion, Going concern Report and Other matter
(Continuation news of DACCADYE): b) The company has presented in Note-22 as Turnover Tk. 468,479,143.00 which was not presented in VAT Return 9.1 which is non-compliance of Value Added Tax and Supplementary Duty Act-2012 and Value Added Tax and Supplementary Duty Rules-2016; c) The company reported in Note-7 as Trade and others receivables Tk. 347,081,624.00 where we have sent balance confirmation letter in a sample basis but no reply has got at yet all; (cont.7)
The first part of this announcement is missing from the archive. - Q2 Un-audited: EPS was Tk. 0.42 for October-December 2021 as against Tk. 0.15 for October-December 2020; EPS was Tk. 0.7
Q2 Un-audited: EPS was Tk. 0.42 for October-December 2021 as against Tk. 0.15 for October-December 2020; EPS was Tk. 0.73 for July-December 2021 as against Tk. 0.28 for July-December 2020. NOCFPS was Tk. 0.87 for July-December 2021 as against Tk. 0.75 for July-December 2020. NAV per share was Tk. 35.21 as on December 31, 2021 and Tk. 34.47 as on June 30, 2021. (cont.)
- Q2 Financials
(Continuation news of DACCADYE): The company has also informed that significant profit increased in the 2nd quarter due to increase in sales revenue and production. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 06.02.2022 after record date.
- 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 February 08, 2022 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 03.02.2022.
- 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 with cum benefit from 01.02.2022 to 02.02.2022. Trading of the shares of the Company will remain suspended on record date i.e., 03.02.2022.
- Dividend Declaration
The Board of Directors has recommended 2% cash dividend for the year ended on June 30, 2021. Date of AGM: 14.03.2022, Time: 11:00 AM, Venue: Digital Platform; Record Date: 03.02.2022. The Company has also reported EPS of Tk. 0.60, NAV per share of Tk. 34.47 and NOCFPS of Tk. 1.64336 for the year ended on June 30, 2021 as against Tk. 0.13, Tk. 8.36 and Tk. 1.87587 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (09.01.2022) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.31 for July-September 2021 as against Tk. 0.13 for July-September 2020; NOCFPS was Tk. 0.31452 for July-September 2021 as against Tk. 0.14575 for July-September 2020. NAV per share was Tk. 34.79 as on September 30, 2021 and Tk. 34.47 as on June 30, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.