Waiver 8 answer

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Please provide encashment certificates for the txn (BDT 1,272,750.00 & BDT 1,697,000.00) dated 25th Nov 2021 & 12th Dec 2021 respectively. Answer: Attached Encashment certificate. Please provide copy of cheque of BDT 277,459,500.00 & BDT 550,337,730 credited into their BDT Ac dated 26th Dec 21 & 31st Aug 22 respectively. We also need to know the sender's information to prepare Annexure Kha. Answer: USD 1= BDT 84.85 on 22 Nov 2021 for BDT 277,459,500.00. Sender BSEZ (Bangladesh Special Economic Zone) [Attached]. USD 1= BDT 94.55 on 31 Aug 2022 BDT 550,337,730 Sender BSEZ(Bangladesh Special Economic Zone) [Attached]. Please share copies of documents (cheque/pay order) for BDT 23,293,814, BDT 852,626,985.00, and 3,82,182.00 for the quarters Oct-Dec 2022 and Jan-Mar23 respectively. Answer: All transactions were made through Bank Transfer. The Bank Statement has been attached. BDT 23,293,814 has been deposited by several Bank Transfer as per the following breakdown (Bank Statement is attached above): Bank Deposit Analysis for BDT 23,293,814.00 Date Deposited Amount Payee Remarks 27-Nov-22 9,004,211 MS Mollah Enterprise Bank Transfer ref. no. IL99992211270197 5-Dec-22 1,000,000 MS Mollah Enterprise Bank Transfer ref. no. IL999922112050941 5-Dec-22 3,500,000 MS Mollah Enterprise Bank Transfer ref. no. IL99992212121035 8-Dec-22 5,000,000 MS Mollah Enterprise Bank Transfer ref. no. IL99992212081054 12-Dec-22 1,000,000 MS Mollah Enterprise Bank Transfer ref. no. IL99992212121035 13-Dec-22 837,685 MS Mollah Enterprise Bank Transfer ref. no. IL99992212130055 18-Dec-22 1,046,667 Shefat Enterprise Bank Transfer ref. no. IL99992212180071 26-Dec-22 30,828 Shefat Enterprise Bank Transfer ref. no. EFTIM260261082600393221226 26-Dec-22 478,320 Abdullah IRON Bank Transfer ref. no. IL99992212261013 28-Dec-22 186,503 Cash Deposite. 29-Dec-22 1,209,600 Shefat Enterprise Bank Transfer ref. no. IL99992212291337 Total 23,293,814 BDT 3,82,182.00 has been deposited by several Bank Transfer as per the following breakdown (Bank Statement is attached above): Bank Deposit Analysis for BDT 3,82,182.00 Date Deposited Amount Payee Remarks 2-Feb-23 11,466 Technosys Limited Bank Transfer PBL 3795284 14-Feb-23 370,716 Technosys Limited Bank Transfer PBL 3795281 Total 382,182 BDT 852,626,985.00 has been deposited by several Bank Transfer as per the following breakdown (Bank Statement is attached above): Bank Deposit Analysis for BDT 852,626,985.00 Date Deposited Amount Payee Remarks 30-Mar-23 188,145,000 BSEZ Bank Transfer EFTIM1152700075377742303300, HSBC, HSBCNET_2023/03/GPS 12-Feb-23 664,481,985 BSEZ Bank Transfer EFTIM115270007230364230212, HSBC, HSBCNET_2023/03/GPS Total 852,626,985 We require supporting documents (cheque/pay orders) against the funds deposited into their accounts from 16th March 2020 to till date. Answer: All payments were made by bank transfer. BANK DEPOSIT ANALYSIS 16TH MARCH 2020 to TILL DATE Date Deposited Amount Remarks (Bank Transfer) 25-Nov-21 1,272,750 FM 01131014702@84.85 PROJECT EXP 12-Dec-21 1,697,000 FM 01131014702@84.85 PROJECT EXP 26-Dec-21 277,459,500 ICS/CR/PROJECT PROCEEDS (LOCAL) CHEQUE/0064615/UC/ 31-May-22 31,200 BEFTN-Return, PIJGCCBD01A0003 31-Aug-22 90,000 PO 1352206 CAN & REFUND 31-Aug-22 550,337,730 ICS/CR/PROJECT PROCEEDS (LOCAL) CHEQUE/0069246/UC/ 27-Nov-22 9,004,211 IL99992211270197 5-Dec-22 1,000,000 IL999922112050941 5-Dec-22 3,500,000 IL99992212050052 8-Dec-22 5,000,000 IL99992212081054 12-Dec-22 1,000,000 IL99992212121035 13-Dec-22 837,685 IL99992212130055 18-Dec-22 1,046,667 IL99992212180071 26-Dec-22 30,828 EFTIM260261082600393221226, 26-Dec-22 478,320 IL99992212261013 28-Dec-22 186,503 Cash Deposit. 29-Dec-22 1,209,600 IL99992212291337 2-Feb-23 11,466 PBL 3795284 12-Feb-23 664,481,985 EFTIM115270007230364230212, HSBC, HSBCNET_2023/03/GPS 14-Feb-23 370,716 PBL 3795281 30-Mar-23 188,145,000 EFTIM1152700075377742303300, HSBC, HSBCNET_2023/03/GPS 14-Sep-23 487,088 EFTREJPIJGCCBD01A0035REGUS BANGLADESH NO1 L20230914PROJECT EXPENSE 14-Sep-23 590,300 EFTREJPIJGCCBD01A0035TECHNOSYS202 30 914PROJECT EXPENSE 14-Sep-23 79,350 EFTREJPIJGCCBD01A0035TOKYO CONSULTI NG FIRM 20230914PROJECT EXPENSE As per quarterly statements operational expenses are nil for the period March 2020 to September 2021. How their office was operated at that time? Clarification is required. Answer: Although we obtained permission to open a branch, there were no incurred expenses because the procedure for opening an office was delayed due to Covid 19 pandemic. Retained earnings as of June 30, 2021, is Negative balance in the audited financial statement. Answer: Expenses were incurred due to the opening of the branch, but there were no orders and no income generated during the income year, so it was a negative balance. Please provide supporting documents for the Advance received from Head office of BDT 40,950,607.00 as per the audited statement for the year ended 30 June 2022 Answer: As per Audited Financial Statement of 30 June 2022: Advance received from Head Office: 40,950,607.00 Payment for Imported Construction Material =35,355,358.00 (attached supporting documents in Annexure A) Payment made by Head Quarter= 5,595,249.00 (attached supporting documents in Annexure B) Annexure: A Breakdown of Imported Construction Material =35,355,358.00 Vendor Date Amount (USD) Rate BDT Amount Attachment Puhui Industry Co.,Ltd 2/28/2022 225,868.92 86.000 19,424,727 Puhui Industry Co.,Ltd 3/10/2022 11,887.84 86.000 1,022,354 Puhui Industry Co.,Ltd 6/21/2022 371.40 92.900 34,503 American International Industries (Pte)Ltd 6/21/2022 5,217.09 92.900 484,668 Tatsumi & Co. 3/10/2022 117,792.00 86.000 10,130,112 Tatsumi & Co. 6/21/2022 3,200.50 92.900 297,326 Tatsumi & Co. 4/30/2022 45,826.12 86.450 3,961,668 Total 410,164 35,355,358 Annexure B: Breakdown of Payment made by Head Quarter= 5,595,249.00 Sender Date Amount (USD) Rate BDT Amount Attachment JGC HQ 16/06/2020 62,500.00 89.5239 5,595,249.00 Total 62,500.00 5,595,249.00 Central bank is asking for tax clearance certificate for 2022-2023. Answer: Attached (Acknowledgement receipt AY 2022-2023 and Apology letter for non-submission of tax clearance certificate for 2022-2023.) We have submitted the Income Tax Return of JGC Corporation for the Assessment year 2022-2023 on 15 May 2023. This is under the assessment stage and we have joined the hearing of the Tax office for this purpose. Since the Tax return is under process of the Tax office it is not possible to share the Income Tax Return for the Assessment Year 2022-2023. Is the Contract agreement no BSEZ-2111-005 shared with us still valid? If not, then please share the updated contract agreement. Answer: The contract agreement is still valid. Retained earnings as at 30 June 2022 shown in the statement of Financial Position is BDT 43,953,881 but in the statement of changes in equity, it is BDT 44,629,248. Answer: There was a loss BDT. 675367 in the 30 June 2021. The loss BDT. 675367 was adjusted with the net profit after Tax BDT 44,629,248. After the adjustment, the closing balance is showing BDT 43,953,881 as Retained earnings. Break down the information: Initial Loss: On June 30, 2021, there was a loss of BDT 675,367. Adjustment: This loss of BDT 675,367 was adjusted with the net profit after tax, which was BDT 44,629,248. Closing Retained Earnings: After this adjustment, the closing balance for Retained Earnings is BDT 43,953,881. Note: Under IFRS, adjustments to retained earnings are common, and the treatment of losses and profits may follow the principles outlined in IAS (International Accounting Standard) 1 "Presentation of Financial Statements."

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