It is a broadly described annual report of Stylecraft Limited in the year of 2012. Income Tax has been paid for the financial year 2011 – 2012 @ 0.60 % of export of finished goods at sources as per Income Tax Ordinance-1984 (Ordinance No. XXXVI of 1984) under Section-53BBB, which is treated as the final discharge of tax liability regarding export during the year. During the financial year 2011-’12 the company’s net profit after tax increased by Tk.38.80 Lac and the net asset value stands now at Tk.272.04 per share of Tk.10.00 each. Secured Loan balance from Pubali Bank Ltd. stood at Tk. 135,690,625.00 at the end of the year.
The Board is pleased to propose a cash dividend of Tk. 5.00 per share of Tk. 10.00 each. The financial statements are presented in Bangladesh Taka which is the Company’s functional currency. All financial information presented in BD Taka has been rounded off to the nearest Taka.
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