2-3-1, Minato Mirai, Nishi-ku, Yokohama 220-6001, Japan
Tel: 81-45-682-1111
JGC CORPORATION Dhaka Branch
Crystal palace, Office 307, 3 rd Floor, House #SE(D)22, Road#140
Gulshan South Avenue, Gulshan-1, Dhaka, 1212, Bangladesh
Date: 10 th May 2026
Subject: Submission of shortfall.
Dear Sir,
With due respect, we would like to clarify the queries raised regarding the bank statement and audit report in
connection with the closure process of JGC CORPORATION, Bangladesh Branch Office.
Query No.1: Transaction of after the closing period of Branch office.
Answer: The Branch Office was officially closed on 30 June 2025. However, the bank accounts were not immediately
closed due to pending financial adjustments, including settlement of Accounts Receivable and other related
procedures.
On 15 Aug 2025, we received BDT, 320,000.00 which was recorded as receivable (return of Advance Office Rent)
in Financial Statement.
On 4 Oct 2025, we paid BDT, 273,314.00 to Tokyo Consulting Firm Limited since they paid some due Tax (Challan
No. 252600088522071) for the Assessment Year 2025-2026 under section 191 of ITA 2023 on behalf of JGC
Corporation. It was recoded as Liability in the note number 11 of Financial statement.
Query No.2: Conversion rate of USD to BDT.
Answer: USD 27,345.23*122.825= 3,358,678 in Note No. 7.1 of the Audit Report. The balance of the USD Account
was converted into BDT in the Audit Report based on the average exchange rate of Bangladesh Bank (USD 1 = BDT
122.825) on 30 June 2025.
Query No. 3: Work Permit cancellation of foreign employee.
Answer: We would also like to confirm that, the employees listed below whose work permit has been cancelled.
Right now JGC CORPORATION, Bangladesh Branch Office did not have any other foreign employees:
Name Designation
Fumiaki Kanaya Project Manager
Sachin Bharadwaj Krishnamurthy Construction Manager
Parimal Sarkar Construction Manager
Sincerely Yours,
Sheak Abdul Hadi
On behalf of
JGC CORPORATION
(Bangladesh Branch Office)