OLYMPIC ACCESSORIES LIMITED: COMPANY PROFILEOlympic Accessories Limited (OAL) was incorporated in Bangladesh as a Private Limited Company with the issuance of Certificate of incorporation bearing no. C- 49349 (1333) of 2003 dated on May 28, 2003 by the Registrar of Joint Stock Companies & Firms. The Company Converted into Public Limited Company on July 02, 2014 and split of Share value from Tk. 100 to Tk. 10 dated on March 09, 2014.The Company started its commercial operation on 07th October, 2007.The factory premise of OAL is located at Bishia Kuribari, Rajendrapur, Gazipur, Bangladesh.NATURE OF BUSINESS

The principal activities of the company are to carry on the business of manufacturing, processing, printing, cutting, sealing and assembling of all kinds of Hanger, Carton, Elastic, Twill tape, Back board, Tissue paper, Gum tape, Interlining, Label, Poly Bag, Thread, Sticker, Photo inlay, Bar code, Hangtag etc. Balance Sheet as under:ParticularsAmount In Taka

30-06-201430-06-201330-06-201230-06-201130-06-2010

APPLICATION OF FUND

NON-CURRENT ASSETS

Property, Plant & Equipment852,521,716817,227,651695,989,930550,267,593374,945,593

Capital Work in Progress28,939,524----

Security Deposit-1,275,8041,275,8041,275,8041,275,804

Total Non-Current Assets881,461,240818,503,455697,265,734551,543,397376,221,397

CURRENT ASSETS

Trade and other Receivable411,141,163361,971,626331,552,041304,513,692176,148,233

Advance, Deposit & Prepayments121,152,22978,654,69372,759,10734,817,82217,659,760

Inventories315,074,791247,647,011191,147,292154,908,82461,917,677

Cash & Cash Equivalent5,956,0155,323,59015,867,3721,973,4399,530,664

Total Current Assets853,324,198693,596,920611,325,812496,213,777265,256,334

Total Assets1,734,785,4381,512,100,3751,308,591,5461,047,757,174641,477,731

EQUITY AND LIABILITIES

Share Capital969,100,00012,600,00012,600,00012,600,00012,600,000

Share Money Deposit-722,443,220621,137,821443,407,213235,448,253

Retained Earnings614,369,312475,643,964358,594,643241,589,795166,707,385

1,583,469,3121,210,687,184992,332,464697,597,008414,755,638

NON-CURRENT LIABILITIES

Long term Loan-153,120,546210,562,874295,248,764-

Deferred Tax35,757,90624,425,680---

Total Non-Current Liabilities35,757,906177,546,226210,562,874295,248,764-

CURRENT LIABILITIES

Short Term Borrowings87,972,107103,290,22885,710,47142,372,889150,178,726

Creditors & Accruals27,586,11320,576,73719,985,73612,538,51311,861,468

Directors and Others Loan----64,681,899

Total Current Liabilities115,558,220123,866,965105,696,20754,911,402226,722,093

Total Liabilities151,316,126301,413,191316,259,081350,160,166226,722,093

Total Equity and Liabilities1,734,785,4381,512,100,3751,308,591,5461,047,757,174641,477,731

Income StatementParticularsAmount In Taka

30-06-201430-06-201330-06-201230-06-201130-06-2010

Sales Revenue1,403,179,2681,231,471,0041,071,662,481754,505,807528,583,561

Less: Cost of Goods Sold1,097,416,206964,306,919851,221,509594,651,841421,505,265

GROSS PROFIT305,763,062267,164,085220,440,972159,853,966107,078,296

OPERATING EXPENSES70,469,19746,986,38731,366,62823,666,31317,558,925

EBIT235,293,865220,177,698189,074,344136,187,65389,519,371

NON OPERATING EXPENSE

Financial ExpensesNET PROFIT BEFORE TAX & WPPFWorkers Profit Participation FundNET PROFIT BEFORE TAXLess: Provision for TaxLess: Deferred Tax ExpensesNET PROFIT AFTER TAXEARNINGS PER SHARE (EPS) BASIC ADJUSTED EARNINGS PER SHARE (EPS)

66,359,73069,085,83665,794,75157,495,84531,122,235

168,934,135151,091,862123,279,59378,691,80858,397,136

8,044,483----

160,889,652151,091,862123,279,59378,691,80858,397,136

10,832,0789,616,8616,274,7453,809,3982,846,373

11,332,2267,654,555---

138,725,348133,820,446117,004,84874,882,41055,550,763

22.621,062.07928.61594.30440.88

1.431.381.210.770.57

CALCULATION OF VARIOUS ACCOUNTING RATIOS

This is to certify that Olympic Accessories Limited has maintained the following ratios as computed on the basis of the audited financial statements for the year ended June 30, 2014, 2013, 2012, 2011 and 2010.Particulars30.06.201430.06.201330.06.201230.06.201130.06.2010

Ratio

Liquidity Ratios: (Times)

Current Ratio7.385.605.789.041.17

Quick Ratio3.612.973.295.580.82

Times Interest Earned Ratio3.553.192.872.372.88

Debt to Equity Ratio0.060.210.300.480.52

Operating Ratios: (Times)

Accounts Receivable Turnover Ratio3.633.553.373.143.53

Inventory Turnover Ratio3.904.404.925.498.69

Asset Turnover Ratio0.860.870.910.890.95

Profitability Ratios:

Gross Margin Ratio21.79%21.69%20.57%21.19%20.26%

Operating Income Ratio12.04%12.27%11.50%10.43%11.05%

Net Income Ratio9.89%10.87%10.92%9.92%10.51%

Return on Assets Ratio8.55%9.49%9.93%8.87%10.01%

Return on Equity Ratio9.93%12.15%13.85%13.46%18.37%

Basic Earnings Per Share (EPS)22.621,062.07928.61594.30440.88

Adjusted Earnings Per Share (EPS)1.431.381.210.770.57