TAMURAKOMA & CO., LTD.
(Bangladesh Liaison Office)
Auditor's Report
And
Financial Statements
For the year ended June 30, 2021
:rTOGRAM OFFICE:
. nal House (1st Floor), 1
~ rabad Commercial Area,
I ' 9 m -4l00 Bangladesh. attogra '
b ne :880-31-711561
o/Fax : 880-31-723680
b :www.shafiqbasak.com
ail: basak_sbc@yahoo.com
basak@shafiqbasak.com
Opinion
A ~fif<tS ~)11<tS C<tSt~
V SHAFIQ BASAK & CO.
CHARTERED ACCOUNTANTS
Partners:
Md. Shafiqul Islam, FCA
Sampad Kumar Basak, FCA
Sarwar Mahmood, FCA
Sheikh Zahidul Islam, MBA, FCA
Independent Auditor's Report of
TAMURAKOMA & CO., LTD.
(Bangladesh Liaison Office)
Report on the Audit of the Financial Statements
DHAKA OFFICE - (1):
Shatabdi Centre (4 th & 6th Floor)
292, Inner Circular Road.
Fakirapool, Motijheel, Dhaka.
Phone/Fax : 880-2-7192098,
Cell : +88 01730-080666
E-mail : skzis1am86@gmail.com
skz4sbc@gmail.com
Web : www.shafiqbasak.com
We have audited the accompanying financial statements of TAMURAKOMA & CO. LTD.
(Bangladesh Liaison Office) which comprise the Statement of Financial Position as at 30 June
2021, Statement of Operational Expenses, Statement of Receipts & Payments and Notes to the
Financial Statements, comprising a summary of significant accounting policies and other
explanatory information for the year then ended.
In our opinion, the accompanying financial statements give a true and fair view of the financial
position ofTAMURAKOMA & CO. LTD. (Bangladesh Liaison Office) as at 30 June 2021and
of its financial performance for the year ended in accordance with International Financial
Reporting Standards (IFRS) and other applicable rules & regulations.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our
responsibilities under those standards are further described in the Auditor's Responsibilities for the
Audit of the Financial Statements section of our report. We are independent of TAMURAKOMA
& CO. LTD. (Bangladesh Liaison Office) in accordance with the International Ethics Standards
Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code), and we have
fulfilled our other ethical responsibilities in accordance with the IESBA Code. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibilities of Management and Those Charged with Governance for the Financial
Statements and Internal Controls
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with International Financial Reporting Standards (IFRS), where practicable and other
applicable rules & regulations and for such internal control as management determines is necessary
to enable the preparation of financial statements that are free from material misstatement, whether
due to fraud or error.
In preparing the financial statements, management is responsible for assessing TAMURAKOMA
& CO. LTD. (Bangladesh Liaison Office) ability to continue as a going concern, disclosing, as
applicable, matters related to going concern and using the going concern basis of accounting unless
management either intends to liquidate TAMURAKOMA & CO. LTD. (Bangladesh Liaison
Office) or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseei ,,,-___ OMA & CO. LTD.
(Bangladesh Liaison Office) financial reporting process.
DHAKA OFFICE - (2) : House - 42 (1st Floor), Road - 01, Block - A, Niketan, Gulshan - 01, Dhaka.
Phone: 88-02-99859602-3, 01819-285196, E-mail.mahmoods.bd@gmail.com
In Practice Since 1993
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAs will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Report on other legal and regulatory requirements
We also report the following:
a) we have obtained all the information and explanation which to the best of our knowledge
and belief were necessary for the purpose of our audit and made due verification thereof;
b) in our opinion, proper books of account as required by law and have been kept by
TAMURAKOMA & CO. LTD. (Bangladesh Liaison Office) so far as it appeared from
our examination of those books; and
c) the Statement of Financial Position, Statement of Operational Expenses, Statement of
Receipts & Payments and Notes to the Financial Statements dealt with by the report are in
agreement with the books of account.
Dhaka
Date:
Signed for & on behalf of
Shafiq Basak & Co.
Chartered Accountants
Sheikh ~fi?a~c~l\lBA
Partner
DVC:2202241394AS368645
TAMURAKOMA & CO., LTD.
(Bangladesh Liaison Office)
Statement of Financial Position
ASSETS
Non-Current Assests
Property, Plant & Equipment
Current Assets
Advance, Deposits, Prepayment
Cash & Cash Equivalents
Total Assets
EQUITY & LIABILITIES
Current Liabilities
Current Account with Head Office
Liabilities for Expenses
Total Equity and Liabilities
As at 30 June 2021
04.00
05.00
06.00
07.00
08.00
I Amount in Taka I Amount in Taka I
I I 30 June, 2021 11 30 June, 2020
4,194,491 1.... 1 -----'4,'"""4s_1__ •1-:-:s1=--'1
4,194,491 4,451,187
1,150,000
1,294,492
2,444,492
6,638,983
6,016,272
622,711
6,638,983
1,150,000
1,000,287
2,150,287
6,601,474
5,951,408
650,066
6,601,474
The accompanying notes 01 to 08 form an integral part of these financial statements.
Signed in terms of our report of even date annexed.
TAMURAKOMA & CO., LTD.
t 11~ - ,~l
Deputy Manager -
Deputy Manager
Dated: Dhaka
August 24, 2021 Ii
Shafiq Basak & Co.
Chartered Accountants
{heikh Zahidul Islam, FCA, MB.A
Partner
Shafiq Basak & Co
Chartered !\rr-ri11ntM1•
TAMURAKOMA & CO., LTD.
(Bangladesh Liaison Office)
Statement of Operational Expenses
For the year ended 30 June 2021
I Amount in Taka I Amount in Taka I
I 30 June, 2021 11 30 June, 2020 I
Operational Expenses
Air Conditioner Rent
Audit Fee
Bank Charges
Business Promotion
Cable Networks bill
Car Rent
Consulting Fees
Conveyance
Depreciation Expenses
Fuel & Lubricants
House Rent
Internet Expense
License, Renewal & Govt. fees
Membership Fees
Office Expenses
Office Rent
Office Supplies
Postage & Courier
Repair & Maintenances
Salary & allowances
Tax & Duties
Telephone & Mobile Expenses
Utilities
Total Expenses
164,540
86,250
5,875
-
19,735
1,636,092
1,051,790
296,515
482,934
695,739
789,476
161,700
-
-
67,364
2,346,000
48,062
2,556
6,173
8,090,260
52,435
28,500
273,391
16,305,386
226,900
86,250
5,962
1,223,691
19,735
1,539,368
1,239,566
901,400
563,244
402,215
928,092
171,049
15,349
4,000
167,592
2,443,750
67,188
110,077
8,900
4,463,637
11,085
13,386
316,100
14,928,535
The accompanying notes 01 to 08 form an integral part of these financial statements.
Signed in terms of our report of even date annexed.
TAMURAKOMA & CO., LTD.
Deputy Manager
Deputy Manager
Dated: Dhaka
August24,2021
.. Shafiq Basak & Co.
Chartered Accountants
Bheikh Zahidul Islam, FCA. MBA
Partner
Shafiq Basak & Co
f:h r1rtereM t.r.r.ountant~
TAMURAKOMA & CO., LTD.
(Bangladesh Liaison Office)
5tatement of Receipts and Payments
For the year ended 30 June, 2021
r-----,,.... Am - o _u _ n _ t - in_T _a _ ka -, LI = Am = o= un =t=i= n = T= ak =a ~I
Notes t=======:;:: 30 June, 2021 I 30 June, 2020 ]
RECEIPTS
Opening balance
Cash at Bank
Cash in Hand
1,000,287
I 952,756 11 -
47,531
Remittance Received
Total Receipts
07.01 16,370,250 11 20.a79,943 1
PAYMENTS
Cash Operational Expenses
AC Rental Fees
Bank Charges
Business Promotion
Cable Network Bill
Car Rent
Conveyance
Fuel & Lubricant
House Rent
Internet Expenses
License, Renewal & Govt. fees
Membership Fees
Office Expenses
Office Rent
Office Supplies
Postage & Courier
Professional Fees
Repair & Maintenance expense
Salary & Allowances
Tax & Duties
Telephone & Mobile Expenses
Utilities
Total Asset
Advance, Deposits, Prepayment
Property, Plant & Equipment
Total Payments
Closing balance
Cash at Bank
Cash in Hand
Total Payments
17,370,537
' '
15 576 416
170,356
5,875
-
19,735
1,678,769
296,515
695,739
796,423
166,549
-
-
67,364
2,379,500
47,772
2,556
1,230,040
6,173
7,964,453
20,097
28,500
-
499,629
273.391
1 226,238
16,076,045
1,294,492
1,234,186
60,306
17,370,537
20,879,943
' '
13 734 753
221,084
5,962
1,223,691
19,735
1,339,004
901,400
402,215
914,828
162,348
15,349
4,000
180,978
2,341,750
66,795
110,077
1,026,816
8,900
4,462,637
11,085
-
316,100
6,144,903
1,150,000
4,994,903
19,879,656
1,000,287
952,7561
47,531
20,879,943
The accompanying notes 01 to OB form an integral part of these financial statements.
T AM URAKOMA & CO., LTD. Signed in terms of our report of even date annexed.
1:t 1 -<- J ~- - Deputy Manager Shafiq Basak & Co.
Deputy Manager Chartered Accountants
Dated: Dhaka
August24,2021
1 heikh Zahidul Islam, FCA. MBA
Partner
; natiq Basak & Co
' ,-,::,.-r c.., " '" \rr r, 11ntants
TAMURAKOMA & CO., LTD.
(Bangladesh Liaison Office)
Notes to the Accounts
As at a nd For the year ended 30 June, 2021
01. CORPORATE INFORMATION
1.01 Legal status
TAMURAKOMA & CO LTD (
Bangladesh I t ·, · Banglade~h Liaison Office) having permission from
OPN- 11 Jun 2 ~~;~
0 ~e
0
nt Development Authority (BIDA), Prime Minister's office vide Ref No:
1. Effect date: 01 .07.2019 dated 31 July 2019.
1.02 Nature of activities
The f T · ·
ac ,v, ies of the Liaison Office shall remain confined to Maintaining the Liaison for
manufacturi~g, sell, import and export garments items like wool, linen, cotton, silk, knit,
bonded textile, decoration, accessory, Japanese clothes, textile things etc..
02. COMPONENTS OF FINANCIAL STATEMENTS
The financial statement comprises the following:
(i) Statement of Financial Position·
(ii) Statement of operational expe~ses;
(iii) Statement of receipts & payments;
(iv) Notes to the financial statements of significant accounting policies and other explanatory
information.
03. SIGNIFICANT ACCOUNTING POLICIES
The accounting policies applied in the preparation of these financial statements are set out
below.
3.01 Basis of accounting:
The financial statements have been prepared under the accrual basis of accounting.
3.02 Compliance with accounting standards:
The financial statements have been prepared in compliance with the requirements of
International Financial Reporting Standard (IFRS).
3.03 Reporting currency and others:
The figures in the financial statements has been represent~d in Bangladeshi Taka, except
otherwise specified which have been rounded of the nearest integer.
3.04 Cash & Cash equivalent:
Cash and cash equivalents comprises of cash in hand and cash at bank which are held and
available for use by the company without any restriction.
4.00 Statement of Property, Plant & Equipment
Cost ueprec1aoon
Balance as Addition Adjustment Balance as Balance Charge Adjustment Balance as W.D.V.as
SL Particulars during the during the Rate during the during the on on on ason on 30/06/2021 01/07/2020 year year 30/06/2021 01/07/2020 year year 30/06/2021
1 Computer Equip_ments 309,007 91 ,980 - 400,987 30% 92,702 69,634 - 162,336 238,651
2 Furniture & Fittings 3,589,404 - - 3,589,404 10% 358,940 308,644 - 667,584 2,921 ,820
3 Office Equipments 1,116,020 134,258 - 1,250,278 10% 111-,602 104,656 - 216,258 1,034,020
Total 5,014,431 226,238 - 5,240,669 563,244 482,934 - 1,046,178 4,194,491
05.00 Advance, Deposits, Prepayment
Security Deposit-House Rent
Security Deposit-Office Rent
06.00 Cash & Cash Equivalents
Cash at Bank
Prime Bank Limited-NC No.:-2125118022363
Cash in Hand
07.00 Current Account with Head Office
Opening Balance
Remittance Received During the Year (Note: 7.01)
Operating Expenses
Adjustments Made During the Year
Closing Balance
07.01 Remittance Received
July 2020
August 2020
September 2020
October 2020
November 2020
December 2020
January 2021
February 2021
March 2021
April 2021
May 2021
June 2021
08.00 Liabilities for Expenses
Audit Fee Payable
Car Rent Payable
Consulting Fee Payable
TDS Payable
VOS Payable
Amount In
Taka
30 June, 2021
150,000
1000000
1,150,000
1,234,186
60,306
1,294,492
5,951,408
16,370,250
(16,305,386)
-
6,016,272
Amount in
Taka
11 30 June, 2020 I
150,000
1000000
1,150,000
952,756
47,531
1,000,287
-
20,879,943
(14,928,535)
-
5,951,408
.-------:-::-, -------,
1,679,000
1,259,250
1,259,250
839,500
1,259,250
1,259,250
1,259,250
1,259,250
7,838,076
2,802,082
1,677,000
3,525,785
1,679,000 1,259,250
1,259,250 1,259,250
1,679,000 1,679,000
1,679,000 , L,._ __;;8;.;;.3.;;.:9,'---50_0~
16,370,250 20,879,943
86,250
115,000
120,750
179,701
121,010
622,711
86,250
115,000
212,750
39,710
196,356
650,066