B F Modaraba : Transmission of Quarterly Report for the Period Ended March-2022

MODARABA MANAGEMENT COMPANY E. A. Management (Pvt.) Ltd.

BOARD OF DIRECTORS

DIRECTORS OF MODARABA MANAGEMENT COMPANYHUMAN RESOURCE & REMUNERATION COMMITTEE

Mr. Muhammad Samiullah

Mr. Ahmed Ali Mohammad Amin Bawany Mr. Muhammad Omar Amin BawanyChairman Member Member

CFO & COMPANY SECRETARY Mr. Muhammad Ayub

SHARIAH ADVISOR Mr. Mufti Zubair Usmani

LEGAL ADVISOR

Mr. Ghullam Rasool Korai

MODARABA AUDITORS

M/s. Rehman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants

BANKERS

Al-Baraka Islamic Bank

Bank Al-Habib Islamic Limited Habib Bank Limited

Habib Metropolitan Islamic Bank Limited UBL Ameen Islamic Bank

REGISTERED OFFICE

Plot No. 43-1-E (B), Block No. 06 Off Razi Road, P.E.C.H.S., Shahrah-e-Faisal, Karachi, Pakistan. UAN : 111-229-269

Fax : [phone]

EMAIL & WEBSITE

E-mail:[e-mail]URL:www.bfmodaraba.com.pk

SHARES REGISTRAR

M/s. C & K Management Associates (Pvt.) Limited 404, Trade Tower, Abdullah Haroon Road, Near Metropole Hotel, Karachi-75530

Phone: [phone]

B.F. MODARABA

Quarterly Accounts

Mr. Ahmed Ali Mohammad Amin Bawany	Chairman
Mr. Muhammad Omar Amin Bawany	Chief Executive
Mr. Hamza Omar Bawany	Director
Mr. Muhammad Samiullah	Independent Director
Miss. Tasneem Yusuf	Independent Director
AUDIT COMMITTEE
Mr. Muhammad Samiullah	Chairman
Mr. Ahmed Ali Mohammad Amin Bawany	Member
Mr. Hamza Omar Bawany	Member

DIRECTOR'S REPORTS

FOR THE PERIOD ENDED MARCH 31, 2022

Dear Certificate Holders,

Assalamo Alaikum,

By the grace of Almighty Allah, I take pleasure in presenting a brief review of your Modaraba for the Quarter ended March 31, 2022.

Our gross revenue during the period was Rs. 6.106 million vis-à-vis Rs. 10.118 million for the corresponding period of 2020-21 declined by 40%. The unrealized loss in the value of investment in marketable securities increased by Rs. 2.008 million and stood at Rs. 1.065 million as at March 31, 2022. Equity market showed downward trend, KSE-100 index posted a negative impact of 6.38% during the current period, closed at 44,337 points. Pre-tax Profit stood at Rs. 0.732 million against a Pre-tax Profit of Rs. 4.870 million for the corresponding period of 2020-21. Modaraba has made a long-term arrangement with M/s Sustainable Environment Developers under Musharakah Agreement in May-2021 to establish an engineering workshop to provide energy conservation solutions to manufacturing units. By the grace of Al-

mighty Allah, the Engineering workshop started its operation in July-2021.

May Almighty Allah guide us in our efforts for the progress of Modaraba and reward us with his

AMEEN.

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B.F. MODARABA Quarterly Accounts

Karachi:	Hamza Omar Bawany	Muhammad Omar Amin Bawany
April 26, 2022	Director	Chief Executive

B.F. MODARABA Quarterly Accounts

LG SPT> 10.118 LPQ LM ت=> ;Rا ;M 2020-21روا6.106 ;<=>آ ;@ABC> یرFBG نارود LM ت=> سا ر=^ ;M یرFM Y_F>`R UP> PaرAPbPR cd_ا ePMرF> ۔LG ;gAG h^او ;BM =iPj 40 UP> LTVFW> LM لFR YZ[] روا ePMرF> ;q_Ab_ا ۔FGر SPT> 1.065 oﺗ 2022 چرF> 31 روا اAG YjFmا FM SPT> 2.008 UP> نFiW< ;WPWk `Pl UP> =|V `} vq|gاA} 44,337 روا xاڈ `zا ;{|> FM =iPj 6.38 L< vb_w<_d8a7_ kse-100="" _d8b1_d988_d8a7_="" _f_frmd8af_="" _d986_fstd8b1_="" fm="" _lup3c_="" _l3c_="" up=""> LTVFW> LM hjF|> vbPa زا cd^ LM SPT> 4.870 LPQ LM ت=> ;Rا ;M 2020-21 hjF|> vbPa زا cd^ ۔اAG ƒsﺗ LM ے=GF…> UP> 2021-;> L< YVرF€> ۔FGر SPT> 0.732

LM L<`M ˆGا`j ck LM ‰{sﺗ LM ;gF<_d8a7_aefba97_ am=""> YMFﺗ LG FPM مFŒZ<_d8a7_ _3b_efba97_=""> c_Aط o_ا rﺗFR LM -;gxAt L< پF‡Mرو Š<`|PC<_d8a7_ lr="" _d985_60_m="" _d988_="" _cc280_j="" lm="" _3b_d9b0_="" _qfc285_efba97_="" _efb7b2_="" _db94_lbr="" ft="" _3b_m="" _c288_gf5e_="" _d9be_fc287_md8b1_d988_=""><_d8a7_ _o_d8a7_="">

۔LG F_د `M عو`[ مFM F|}ا UP> 2021

4

B.F. MODARABA

CONDENSED INTERIM FINANCIAL POSITION AS AT MARCH 31, 2022

(Un-audited)

(Audited)

Note

Mar-2022

June-2021

------------Rupees-------------ASSETS

Non-current assets Furniture and equipment Long term deposits

Long term investments 1

Long term Musharakah Financing 2

135,861,562

141,393,546

Current assets

Prepayments and other receivables Advance tax - net

Cash and bank balances

Total assets

143,207,105

148,957,143

EQUITY AND LIABILITIES

Current liabilities Trade and other payables Due to Management Company Unclaimed dividend

Non-Current Liabilities

Certificate capital 75,151,587

Reserves 64,430,879 139,582,466

75,151,587 67,865,607 143,017,194

Unrealized loss on re-measurement of investments classified as fair value through other comprehensive income

(1,064,662)

943,805

Contingencies and commitments

-

-

Total equity and liabilities

143,207,105

148,957,143

The annexed notes form an integral part of these financial statements.

FOR E.A Management (Private) Limited

(Management Company)Chairman

Chief Executive

Director

Chief Financial Officer

B.F. MODARABA

Quarterly Accounts

20,673 40,019 113,000,870 22,800,000

23,063 40,019 127,330,464 14,000,000

912,901 4,337,646 2,094,996

688,418 4,323,688 2,551,491

2,867,772 130,642 1,690,888	2,680,431 770,129 1,545,584