japan-bangladesh chamber of commerce and industry

Report of Activities for April 2019 - June 2020Audited Financial Report for April 2019 - March 2020Audited Financial Report for April 2020 - June 2020

JAPAN-BANGLADESHCHAMBER OF COMMERCE AND INDUSTRY

Japan-Bangladesh Chamber of Commerce and Industry

Address: House # 30, Flat # 3B (3rd Floor), Road # 18, Banani, Dhaka-1213.Tel: +880-55034006, Mob: +8801785085697,+8801717305048, +8801637665852

E-mail: [email protected], [email protected], Web: www.jbcci-bd.com

Report of Activities for April 2019 - June 2020Audited Financial Report for April 2019 - March 2020Audited Financial Report for April 2020 - June 2020

Japan-Bangladesh Chamber of Commerce and IndustryPublished by:

Name of Publication : Activities & Financial Report of JBCCI (April 2019 - June 2020)Date of Publication : 30 September, 2020, Dhaka, Bangladesh

Editorial BoardMasud KarimDirector

Tareq Rafi Bhuiyan (Jun)Director & Secretary General

Dr. AKM Moazzem HussainHonorary Executive Director

Table of ContentsMessage of the President of JBCCI

List of the Board of Directors of JBCCI

List of the Standing Committees of JBCCI

JBCCI at a Glance

Report of Activities for April 2019 - June 2020

Audited Financial Report for April 2019 - March 2020

Audited Financial Report for April 2020 - June 2020

List of JBCCI Members

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Message from the President

JBCCI scheduled to hold the Elec�on of the Board of Directors and the AGM in September 2020, despite all our prepara�on we are unable to do this due to the circular issued by Ministry of Commerce direc�ng all Chambers and Associa�ons to postpone their Elec�on of the Board of Directors/Execu�ve Commi�ee and Annual General Mee�ng (AGM) un�l December 2020 due to Covid-19 situa�on. In view of this, JBCCI has no other way but to postpone the under prepara�on Elec�on of the Board of Directors for �me being. The Elec�on Board of JBCCI will issue a formal no�ce to this effect as soon as we get government approval.

Following the advent of the corona virus pandemic from end of March in Bangladesh, all our usual ac�vi�es and gathering has been stopped. However JBCCI have been doing some limited ac�vi�es like webinars even during the exis�ng Covid-19 pandemic.

One of the main objec�ves of JBCCI is to a�ract FDI from Japan. Due to the ongoing pandemic, companies will have to recoup their losses before making any plans for investment or expansion. Government support & incen�ves for those companies will play a key role in their decision to reach other markets. Already a number of countries in ASEAN & South Asia announced incen�ve packages to a�ract FDI.

I strongly believe that it is the high �me for Bangladesh government to go for regulatory reforms to improve the bo�lenecks to a�ract FDI during post COVID 19 regime. Japanese Investors are always closely watching the Bangladesh government's efforts to improve investment climates & incen�ve packages for investment. JBCCI is working closely with different stakeholders to support Government to take posi�ve ini�a�ve & ac�on plan to a�ract FDI from Japanese companies, who consider diversifying their produc�on to Bangladesh.

Thanking You

Yuji Ando, President, JBCCI

It’s my honor to share with you this ac�vi�es report along with the Audited Financial Report of JBCCI for 1st April, 2019 - 30th June, 2020.

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Yuji AndoPresident

Md. Shariful AlamVice President

Imrul Anwar LitonVice President

Tareq Rafi Bhuiyan (Jun)Secretary General

Hideaki KojimaTreasurer

Board of Directors 2018-2020

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Salahuddin Kasem KhanDirector

Hikari KawaiDirector

Dr. Kabir AhmedDirector

Yoshimitsu OhtomoDirector

Masud KarimDirector

AkhtaruzzamanAdviser to the Board

Dr. AKM Moazzem HussainHonorary Executive Director

A.K. Mizanur Rahman, FCADirector

Kazuhiro KobayakawaDirector

Board of Directors 2018-2020

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Standing Committees of JBCCIfor 2018-2020

I . Mediation / Arbitration Committee1. Mr. Yuji Ando - Chairman 2. Mr. Hikari Kawai - Member3. Dr. Mohammad Abdul Mazid - Member4. Mr. A.K. Mizanur Rahman FCA - Member5. Mr. Akhtaruzzaman - Adviser6. Dr. AKM Moazzem Hussain - Member / Secretary

II. Seminar and Business/Investment Promotion Committee1. Mr. Md. Shariful Alam - Chairman2. Mr. Imrul Anwar Liton - Member3. Mr. Hideaki Kojima - Member4. Mr. Yuji Ando - Member5. Mr. Asif A. Chowdhury - Member6. Mr. Kamrul Islam FCA - Member7. Mr. Nurul Wahab - Member8. Mr. Akhtaruzzaman - Member9. Mr. Abdul Haque - Adviser10. Mr. Tareq Rafi Bhuiyan (Jun) - Member/Secretary

III. SME Support Committee1. Dr. Kabir Ahmed - Chairman 2. Mr. ABM Shamsul Alam - Member3. Mr. Mikhail I. Islam - Member4. Mr. A.K. Mizanur Rahman FCA - Member5. Mr. Salauddin Kasem Khan - Adviser6. Mr. M. Jalalul Hai - Member / Secretary

IV. Public Relation and Networking Committee1. Mr. Imrul Anwar Liton - Chairman 2. Mr. Kazuhiro Kobayakawa - Member3. Mr. Tareq Rafi Bhuiyan (Jun) - Member4. Dr. Kabir Ahmed - Member5. Mr. Syed Golam Mowla - Member6. Mr. Matiur Rahman - Adviser7. Mr. Masud Karim - Member / Secretary

Secretariat of Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)1. Mr. Shahriar Omar - Assistant Manager2. Mr. Md. Asif Newaj - Officer

Note: Each Committee may co-opt any Member/Expert as and when required.



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2nd JBCCI Business Excellence Award 2019

Walton Hi-Tech Industries Ltd.For being the best enterpriseDoing business in Manufacturing Sector (Large)

Conveyor Logistics Ltd.For being the best enterpriseDoing business in Service Oriented Sector (Large)

Rieko Printing and Packaging (Pvt.) Ltd.For being the best enterpriseDoing business in Manufacturing Sector (SME)

Datasoft Systems Bangladesh Ltd.For being the best enterpriseDoing business with Innovation

NewVision Solutions Ltd.For being the best enterpriseDoing business in Service Oriented Sector (SME)

ConveyorLogis�cs Ltd.

Rieko Printing and Packaging (Pvt.) Ltd.

JBCCI at a Glance

JBCCI Regular Programs (April 2019 - June 2020)

Current Members: 236 (as of September 2020)

NetworkingGathering

4JBCCI

Delegation to Japan

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165Bangladeshi

Companies/Organizations

56Japanese


12Joint Venture


3Multinational


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For more information: www.jbcci-bd.comor E-mail : [email protected]

[email protected]

Factory Visit

Meet the Press

Meeting withHigh Officials

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Seminar &Conference

1. The 15th AGM of JBCCI followed by Dinner and the EGM of JBCCI followed by Networking and Welcome Lunch.

a) The 15th AGM of JBCCI The 15th Annual General Meeting (AGM) was held on 30th June, 2019 at Hotel Amari Dhaka which successfully ended with a dinner.

Activities of JBCCI for the period April 2019 – June 2020

Photo 1-4 : A view from the 15th AGM of JBCCI held at Hotel Amari Dhaka. Mr. Takashi Shimokyoda (Past First Secretary, Embassy of Japan in Bangladesh), Mr. Abdul Haque, Past President of JBCC and Mr .Yuji Ando (President of JBCCI after Mr . Daisuke Arai ) giving their speeches during the Discussion Session of the AGM.

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b) The EGM of JBCCI On 18.12.2019 an Extra-ordinary General Meeting (EGM) of JBCCI followed by

Networking and Welcome Lunch in honor of the new Japanese Ambassador H.E. Mr. Naoki Ito and the new Minister of the Embassy Mr. Hiroyuki Yamaya was held at Lakeshore Hotel.

Photo 5-7: The Board of Directors of JBCCI took a group photo with the new Japanese Ambassador H.E. Mr. Naoki Ito and the new Minister of the Embassy Mr. Hiroyuki Yamaya during the program. Moreover,the SME Report of JBCCI was inaugurated at the same Program.

2. The Board Meetings of JBCCI

The Board Meetings of JBCCI were held as follows during the period:

100th Board Meeting : 12.05.2019

101st Board Meeting : 13.06.2019

102nd Board Meeting : 08.08.2019

103rd Board Meeting : 20.10.2019



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3. Newsletters The e-mail newsletters of JBCCI were published as follows: - 56th Issue : May 2019

57th Issue : September 2019

58th Issue : June 2020

4. Membership The total valid General Members’ number of JBCCI stood at 236 as on September 2020.

5. Activities of JBCCI The detailed activities of JBCCI have been reported in its quarterly e-mail newsletters. The significant activities are again mentioned below.

5.1 The 2nd JBCCI Business Excellence Award of JBCCI followed by Dinner.

The 2nd JBCCI Business Excellence Award 2019 was held on 30th June, 2019 at Hotel Amari Dhaka which successfully ended with a dinner.

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Photo 8-12: Walton Hi-Tech Industries Ltd., Rieko Printing and Packaging (Pvt.) Ltd., Conveyor Logistics Ltd., NewVision Solutions Ltd. and Datasoft Systems Bangladesh Ltd. receiving the award of business excellence in different sectors from the JBCCI President (Immediate past) Mr. Daisuke Arai.

Photo-13: The group photo of Board of Directors and First Secretary, Embassy of Japan in Bangladesh with the winners of 2nd Business Excellence Award in different sectors.

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5.2 Farewell Lunch in honour of Mr. Daisuke Arai (President of JBCCI) and Mr. Takashi Shimokyoda (First Secretary, Embassy of Japan in Bangladesh).

On 10.07.2019, The Board of Directors of JBCCI hosted a humble farewell lunch in the honor of Mr. Daisuke Arai (President of JBCCI) and Mr. Takashi Shimokyoda (First Secretary, Embassy of Japan in Bangladesh) along with welcoming their SuccessorsMr. Yuji Ando and Ms. Yuko Asano at Lucknow Restaurant, Banani. This event wasattended by 15 persons.

Photo 14: The Board of Directors of JBCCI took a group Photo with the out going President of JBCCI and First Secretary, Embassy of Japan in Bangladesh and along with their successors.

5.3 A Discussion Meeting of JBCCI with METI Delegation from Japan. On 08.04.2019, the meeting with High Officials from "Ministry of Economy, Trade and Industry of Japan (METI)" was held at JETRO Dhaka Office and this was attended by 13 members. The Board of Directors of JBCCI discussed about various issues with them to develop bilateral trade and investment between Japan and Bangladesh. 15

Photo 15: JBCCI Board of Directors explaining to METI Delegation Members about matters to work on, to improve bilateral trades and investment scenario between Japan and Bangladesh.

5.4 A Discussion Meeting with the President of JETRO Mr. Yasushi Akahoshi.

On 08.09.2019, JBCCI had a discussion meeting with the President of JETRO Mr.

Yasushi Akahoshi at JETRO Dhaka Office, who visited Bangladesh for the first time.

During the meeting, discussion took place about the business situation in Bangladesh and what we expect from JETRO to improve the situation even more. Mr. Yuji Ando

(President, JBCCI), Mr. Md. Shariful Alam (Vice President, JBCC), Mr. Tareq Rafi Bhuiyan (Jun) (Secretary General, JBCCI), Mr. Hideaki Kojima (Treasurer, JBCCI), Mr. Salahuddin

Kasem Khan (Director, JBCCI), Mr. Abdul Haque (Past President, JBCCI), Mr. Matiur Rahman (Founder President, JBCCI), Mr. Syed Mastafizur Rahman (Managing Director,

NOVO Cargo Services Ltd.), Mr. Shariful Alam (Director, JETRO Dhaka Office), Mr.

Akhtaruzzaman (Adviser to the Board, JBCCI), Dr. AKM Moazzem Hussain (Honorary Executive Director, JBCCI) attended in this Meeting.

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Photo 16 : JBCCI representatives took a group photo with the President of JETRO Mr. Yasushi Akahoshi.

5.5 JBCCI made a Courtesy Call on H.E. Mr. Hiroyasu Izumi, Honorable Ambassador of Japan to Bangladesh.

Photo 17: Mr. Hiroyasu Izumi, Honorable outgoing Ambassador of Japan to Bangladesh receiving a Crest of Gratitude from JBCCI representatives.

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On 17.09.2019, The Board of Directors of JBCCI made a Courtesy Call on H.E. Mr. Hiroyasu Izumi, Honorable Ambassador of Japan to Bangladesh for his return from Bangladesh. The Board of Directors also attended the Dinner Reception Program organized by the Embassy of Japan in Bangladesh.

5.6 “Japanese Investor B2B Meetings 2019” held in Japan.

Photo 18: A group photo of B2B Delegation team and UNIDO Japan Representatives.

5.7 The Workshop on “JICA’s Two Step Loan (TSL) for Foreign Direct

Investment Promotion”.On 24.09.2019, The workshop on “JICA’s Two Step Loan (TSL) for Foreign Direct Investment Promotion” organized by Bangladesh Bank and collaborated by JBCCI, was

held at the Lakeshore Hotel.

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From 15th-19th April, 2019, JBCCI and Haison International Ltd. jointly organized the “JAPANESE INVESTOR B2B meetings 2019 ” which was held at Tokyo, Osaka and Fukuoka in Japan. The Delegation attended several meetings there. From Bangladesh side, 18 companies participated in this Delegation and JBCCI Directors also attended there. In the B2B Meetings in Tokyo and Osaka, respectively 100 and 48 Japanese Companies participated . The Delegation Team also attended the “Bangladesh Business Seminar” in Fukuoka organized by JETRO, JICA and UNIDO to show investment oppor-tunities for Japanese people available in Bangladesh.

Photo 19: Mr. Tareq Rafi Bhuiyan (Jun), Director & Secretary General, JBCCI delivering his speech in the workshop. 5.8 A workshop on “Facilitate Matchmaking for Joint Crediting

Mechanism (JCM) in Bangladesh”. On 15.10.2019, JBCCI collaborated a workshop on “Facilitate Matchmaking for Joint

Crediting Mechanism (JCM) in Bangladesh” which was organized jointly by Institute for

Global Environmental Strategies (IGES), Japan and Department of Environment, Ministry of Environment, Forest & Climate Change, Bangladesh. It was also supported by the

Ministry of Environment of Japan. 78 persons attended this program.

Photo 20: A group photo was taken during the workshop.

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5.9 The Joint Seminar and Panel discussion on “Future of Corporate Reporting in Enhancing Investment Decisions”.

On 02.11.2019 the Joint Seminar and Panel discussion on “Future of Corporate

Reporting in Enhancing Investment Decisions” organized by IFC, World bank and JBCCI held on Nov 2nd, 2019 at Le Meridien Hotel, Dhaka. Around 95 people attended this

event.

Photo 21 : Mr. Yuji Ando, President of JBCCI during the Panel Discussion.

Photo 22-23: Mr. Akhtaruzaaman, Adviser to the Board of JBCCI and Mr. Tareq Rafi Bhuiyan (Jun), Seceretary General of JBCCI delivering their speeches during the Discussion session of the Program.

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5.10 Handing-over & Taking-over Ceremony of JBCCI SME Report as well as a Meet the Press event.

Photo 25: JBCCI also arranged a “Meet the Press” to discuss on “Recommendation of Development of SMEs in Bangladesh”.

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Photo 24 : JBCCI President receiving the book of “Recommendation of Development of SMEs in Bangladesh” from SMESupport Standing Committee of JBCCI.

On 29.09.2019, SME Support Standing Committee of JBCCI arranged a Handing-over & Taking-over ceremony as well as a Press Conference regarding the “Recommendation of Development of SMEs in Bangladesh” for handing over to the Board of Directors of JBCCI for submission of the same to the relevant authorities of the Govt. of Bangladesh for their kind consideration in making the National Policy for the SME Development of this country.

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5.11 JBCCI’s 7th Factory Visit Program. On 06.04.2019, JBCCI organized the 7th Factory Visit for its members to the “PHP Ship Breaking and Recycling Industries Ltd.” a sister concern of “PHP Group” in Shitalpur,

Shitakundo, Chittagong along with Chittagong Portand. This was participated by 10

persons.

Photo 26: JBCCI Delegation team visiting the PHP Ship Breaking Plant.

Photo 27 -29: JBCCI Delegation team visiting the PHP Ship Breaking Plant and Chittagong Port.

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5.12 JBCCI’s 8th Factory Visit Program. On 25.11.2019, JBCCI organized the 8th Factory Visit for its members to the “Walton Hi-Tech Industries Ltd.” in Chandra, Gazipur and this was participated by 12 persons.

Photo 31: JBCCI Delegation team during the visit program at the Walton Hi-Tech Industries Ltd.

Photo 30: JBCCI Delegation team took a group Photo at the Walton Hi-Tech Industries Ltd.

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5.13 The 1st Joint Networking Reception of JBCCI & CanCham Bangladesh. The 1st Joint Networking Gathering of JBCCI and CanCham Bangladesh followed by

Dinner was held at Four Points by Sheraton Dhaka, Gulshan-2 and this was attended by

about 70 members & guests including Canadian High Commissioner Benoit Prefontaine,

First Secretary Mr. Takashi Shimokyoda Embassy of Japan in Bangladesh and Executive Chairman of Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam

as well as Representatives of the Embassies of Brazil and Turkey, UNDP, ICC were also present in this event apart from the Leaders of other Chambers of Commerce.

Photo 32: A group photo was taken during the Networking Event jointly organized by JBCCI and CanCham.

5.14 Joint Networking Gathering and Dinner Reception of JBCCI, CanCham Bangladesh and supported by BIDA.

On 27.02.2020, the Joint Networking Gathering and Dinner Reception of JBCCI and

CanCham Bangladesh and supported by BIDA was held at the Ball Room, The Westin Dhaka Hotel and this was attended by about 90 members & guests. Honorable H.E.

Ambassador of Japan, Mr. Naoki Ito, Honorable High Commissioner of Canada H.E. Mr. Benoit Prefontaine and Delegates and high officials from other Embassies and

International Organizations were present and Mr. Md. Sirazul Islam, Executive Chairman of BIDA was present too.

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Photo 34: During the Joint Seminar and Discussion session of JBCCI and CanCham Bangladesh.

5.15 JBCCI’s 10th Networking Gathering Program. On 07.03.2020, the 10th Networking Gathering of JBCCI” along with Lunch was hosted by Conveyor Logistics Ltd. at the Lakeshore Hotel. Honorable Ambassador of Japan H.E.

Mr. Naoki Ito was the Chief Guest and the event was attended by about 100 persons.

Photo 33: Honorable Ambassador of Japan H.E. Mr. Naoki Ito delivering his speech during the joint seminar.

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Photo 35: The Board of Directors of JBCCI took a group Photo with the Honorable Ambassador of JapanH.E. Mr. Naoki Ito during the 10th Networking Gathering of JBCCI held at Lakeshore Hotel. Dhaka.

Photo 36: A group of JBCCI Members took Group Photo with the Honorable Ambassador H.E. Mr. Naoki Ito.

Photo 37: JBCCI Directors welcomed the Honorable Ambassador H.E. Mr. Naoki Ito with Floral Reception.

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Photo 38: Honorable Ambassador H.E. Mr. Naoki Ito giving a short speech during the Program.

Photo 39: Mr. Yuji Ando, President of JBCCI handed over the Crest of Gratitude to Dr. Kabir Ahmed For hosting the 10th

Networking Gathering of JBCCI.

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5.16 Tel evision Interviews and Webinars:

jmv6U8lDxrBpFR4

Web link: https://www.youtube.com/watch?v=OldLlbFRG8k&feature=youtu.be&fbclid=IwAR2tYZxGRCFzK5IzQ2ow5kzJw2SjVSugALt_LdnSs9dO

Photo 40: JBCCI Directors and few invited Guests during the 10th Networking Gathering of JBCCI held at Lakeshore Hotel.

a) “Ekushey Business” of Ekushey TV 5 th May, 2019 which was participated by Mr. Tareq Rafi Bhuiyan (Jun), Secretary General of JBCCI.

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b) “Biz Shonglap” of News24 TV Channel on 30 th May, 2019 which was participated by Mr. Md. Shariful Alam, Vice Presidient of JBCCI.

Web link: https://www.youtube.com/watch?v=41kOtWona3c&feature=youtu.be&fbclid=IwAR1LmZ0BX6ADDeBj4gFTuD65CHKY5stGIu8KmANKvmuoIa8ujevd1FbE0G4

c) On 06.06.2020, the video confirence with JBCCI, CCCI and JETRO representativeson “Japan-Bangladesh bilateral friendship: 50th anniversary.”

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d) On 29.07.2020, JBCCI arranged a webinar: "Legal implications during COVID-19". It had been a closed session only for the JBCCI members and Shoo-Koo-Kai members.

e) On 23.07.2020, the Daily Star Webinar: Strengthening Japan-Bangladesh Ties(Co-organized by MGM Consulting, JBCCI and NewVision Solutions Ltd.)

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5.17 Greetings, Congratulations, Condolences:

a) On 04.07.2019, a Delegation of JBCCI attended the “Fourth Japan

Bangladesh Public Private Joint Economic Dialogue (PPED)” which was organized by Prime Minister’s Office at “Bijoy” Hall, Bidyut Bhaban.

b) On 05.08.2019, JBCCI sent a hearty congratulations to Mr. Abdul Haque (Past President of JBCCI) for being elected as the President of the Bangladesh

Reconditioned Vehicles Importers and Dealers Association (BARVIDA) for the 3rd time.

c) On 07.08.2019, JBCCI sent a hearty congratulations to Mr. AKM Kamrul Islam

FCA for being appointed as the Acting Chairman of Sonali Bank Ltd.

d) On 08.08.2019, JBCCI sent Eid Greeting to the members along with the notice for

Eid Holiday.

e) On 17.09.2019, JBCCI sent hearty congratulations to the former Director of JBCCI

Mr. ABM Shamsul Alam (Jahangir) on his recent promotion to the position of Managing Director & CEO of JUKI Bangladesh Limited (JBL).

f) On 05.12.2019 representing JBCCI, the Director Mr. A.K. Mizanur Rahman

attended the meeting with Mr. Mohd. Humayun Kabir, Executive Director of Bangladesh Bank regarding “Foreign Direct Investment promotion Project

(Two-Step Loan Component)” held at Bangladesh Bank Head Office, Motijheel,

Dhaka.

g) On 16.02.2020, JBCCI sent a Condolence Message to Mr. M. Jalalul Hai, CEO ofHAISON International Ltd., (one of our JBCCI members) on the sudden demiseof his beloved mother.

5.18 Cooperation with JETRO, BAAS and FBCCI:

Like previous years, JBCCI forwarded all the circulars on Trade Fairs, Business Meetings, Training Courses, etc. received from JETRO, BAAS and FBCCI to its members for their

kind information.

Tareq Rafi Bhuiyan (Jun)

17 th September, 2020 Director & Secretary General, JBCCI

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Report on the Audit of Financial Statements

Opinion

Basis for opinion

Auditor's Responsibility to the Financial Statements

Independent Auditor's Report to the members of

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)

We have audited the accompanying �inancial statements of Japan-Bangladesh Chamber of Commerce andIndustry (JBCCI), which comprise the Statements of �inancial position as at 31 March 2020 and theStatement of pro�it or loss and other comprehensive income, and Statement of cash �lows for the periodfrom 01 April 2019 to 31 March 2020, and notes to the �inancial statements, including a summary ofsigni�icant accounting policies.

We conducted our audit in accordance with International Standards on Auditing (ISAs). Ourresponsibilities under those standards are further described in the Auditor’s Responsibilities to the Auditof the Financial Statements section of our report. We are independent of the organization in accordancewith the International Ethics Standards Board for Accountants’ Code of Ethics for ProfessionalAccountants (IESBA Code), and we have ful�illed our other ethical responsibilities in accordance withIESBA Code. We believe that the audit evidence we have obtained is suf�icient and appropriate toa 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 these �inancial statements inaccordance with International Financial Reporting Standards (IFRSs) , and for such internal control asmanagement determines is necessary to enable the preparation of �inancial statements that are free frommaterial misstatement, whether due to fraud or error.The Companies Act, 1994 require the Managementto ensure effective internal audit, internal control and risk management functions of the organization. In preparing the �inancial statements, management is responsible for assessing the organization’s abilityto continue as a going concern, disclosing, as applicable, matters related to going concern and using thegoing concern basis of accounting unless management either intends to liquidate the organization or tocease operations, or has no realistic alternative but to do so. The Board of Directors are also responsiblefor overseeing the organization’s �inancial reporting process.

Our objectives are to obtain reasonable assurance about whether the �inancial statements as a whole arefree from material misstatement, whether due to fraud or error, and to issue an auditor’s report thatincludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that anaudit conducted in accordance with ISA's will always detect a material misstatement when it exists.Misstatements can arise from fraud or error and are considered material if, individually or in theaggregate, they could reasonably be expected to in�luence the economic decisions of users taken on thebasis of these �inancial statements.

AHMED MASHUQUE & CO.C h a r t e r e d A c c o u n t a n t s

Navana Obaid Eternia28 -29 Kakrail (L e vel # 13 - 14)VIP Road, Dhaka-1000, BangladeshTel:+880-2-58316931-39Fax:+880-2-58316929Email: [email protected]: www.ahmedmashuque.com

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In our opinion, the accompanying �inancial statements present fairly, in all material respects, the �inancial position of the organization as at 31 March 2020 and it's �inancial performance and its cash �lows for period then ended in accordance with International Financial Reporting Standards (IFRSs).

Report on Other Legal and Regulatory Requirements

a)

b)

c)

Dated, 20 September 2020 Ahmed Mashuque & Co.Dhaka Chartered Accountants

As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professionalskepticism throughout the audit. We also:

the organization’s statement of �inancial position and statement of pro�it or loss and othercomprehensive income dealt with by the report are in agreement with the books of account.

Identify and assess the risks of material misstatement of the �inancial statements, whether due tofraud or error, design and perform audit procedures responsive to those risks, and obtain auditevidence that is suf�icient and appropriate to provide a basis for our opinion. The risk of notdetecting a material misstatement resulting from fraud is higher than for one resulting from error,as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override ofinternal control.

Obtain an understanding of internal control relevant to the audit in order to design audit proceduresthat are appropriate in the circumstances.

Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by management.

Conclude on the appropriateness of management’s use of the going concern basis of accounting and,based on the audit evidence obtained, whether a material uncertainty exists related to events orconditions that may cast signi�icant doubt on the organization’s ability to continue as a goingconcern. Our conclusions are based on the audit evidence obtained up to the date of our auditor’sreport. However, future events or conditions may cause the organization to cease to continue as agoing concern.

Evaluate the overall presentation, structure and content of the �inancial statements, including thedisclosures, and whether the �inancial statements represent the underlying transactions and eventsin a manner that achieves fair presentation.

Obtain suf�icient appropriate audit evidence regarding the �inancial information of the entities orbusiness activities within the organization to express an opinion on the �inancial statements. We areresponsible for the direction, supervision and performance of the Company audit. We remain solelyresponsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scopeand timing of the audit and signi�icant audit �indings, including any signi�icant de�iciencies in internalcontrol that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevantethical requirements regarding independence, and to communicate with them all relationships and othermatters that may reasonably be thought to bear on our independence, and where applicable, relatedsafeguards.

In accordance with the Companies Act, 1994 we also report that:

we have obtained all the information and explanations which to the best of our knowledge and beliefwere necessary for the purposes of our audit and made due veri�ication thereof;in our opinion, proper books of account as required by law have been kept by the organization so faras it appeared from our examination of those books; and



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Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) Statement of Financial Position

As at 31 March 2020

Amount in BDT

Particulars Notes 31-Mar-20 31-Mar-19

ASSETS: Non-Current Assets

73,620 91,124

Property, plant & equipment 4 73,620 91,124 Current Assets

29,097,291 25,071,500

Investment 5 25,219,033 21,825,500 Advance, deposit & prepayment 6 42,000 62,000 Receivable from members 7 720,000 60,000 AIT on FDR 8 1,076,698 841,074 Cash & cash equivalents 9 2,039,560 2,282,926

Total Assets 29,170,911 25,162,624

LIABILITIES:

Accumulated Fund 10 28,953,428 24,948,974

Current Liabilities

217,482 213,650 Advance received from member - 20,000 Liabilities for expenses 11 772 42,000 Provision for audit Fee 12 69,000 92,000 Withholding Tax and VAT liability 13 147,710 59,650

Total Liabilities 29,170,911 25,162,624

These �inancial statements should be read in conjunction with the annexed notes.

_____________________ _______________________ ________________ Treasurer Secretary General President

Signed in terms of our report of even date annexed.

Ahmed Mashuque & Co. Chartered Accountants

Dated, 20 September 2020Dhaka

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Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) Statement of pro�it or loss and other comprehensive income

for the period from 01 April 2019 to 31 March 2020

Amount in BDT Particulars

Notes

01 April 2019 to

31 March 2020

01 Mar 2019 to

31 March 2019 Income

Admission fees 14 810,000 - Annual Membership Fees 15 4,520,000 - Interest on FDR 1,639,157 227,749 Other income 404,000 - Total Income 7,373,157 227,749

Expenses

AGM, Networking & Dinner Expense 1,195,616 35,656 Audit Fee 34,500 23,000 Conveyance 86,225 87,736 Crest & Banner 113,500 9,070 Miscellaneous Expenses 32,400 4,450 Photocopy & Stationary 29,935 4,635 Postage & Courier 13,919 319 Entertainment 45,989 5,924 FBCCI Fees 35,000 - Travel Expense 28,500 - Donation 100,000 - Repair & Maintenance 80,638 4,750 Of�ice Rent & Service Charge 396,000 33,000 Printing 430,416 - Salary 560,000 42,000 Internet Expenses 49,513 2,625 Communication expenses 15,498 1,000 Website Expenses 35,650 44,625 Newspaper 686 - Bank Charge 16,814 - Tax & Vat Expenses 50,400 - Depreciation 17,505 1,484 Total Expenditure 3,368,703 300,274

Excess of Income over Expenditure 4,004,454 (72,525)






36

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) Statement of Cash Flows

for the period from 01 April 2019 to 31 March 2020

Amount in BDT Particulars

01 April 2019 to

01 March 2019 to

31 March 2020 31 March 2019

A. CASH IN FLOW FROM OPERATING ACTIVITIES 3,150,168 74,522 Net Earnings Adjustments for items not involving cash:

4,004,454 (72,525)

Depreciation 17,505 1,484 Increase/Decrease in Receivable (660,000) 200,000 Increase/Decrease in AIT (235,624) (34,162) Increase/Decrease in advance, deposit & prepayment 20,000 (20,000) Increase/Decrease in current Liability 3,833 (274)

B. CASH FLOW FROM INVESTING ACTIVITIES

(3,393,533)

(193,587)

Purchase of Investment (3,393,533) (193,587) C. CASH FLOW FROM FINANCING ACTIVITIES

-

-

D. INCREASE/(DECREASE) IN CASH AND BANK BALANCES (A+B+C) (243,366) (119,064)

E. Cash and Bank Balance at Opening 2,282,926 2,401,990

F. CASH AND BANK BALANCES AT CLOSING 2,039,560 2,282,926






37

1. Reporting entity :

(a) Introduction

(b) Nature of Operations

2. Basis of Preparation:a) Basis of presentation of the �inancial statements

b) Functional and presentational currency

To encourage and develop the establishment of Japan-Bangladesh joint venture in speci�ic areas ofcommon interest.

To utilize the expertise of the Chamber members to identify and develop opportunities for bothJapanese and Bangladeshi companies.

To develop closer interaction between the private/public sector and related organizations in bothcountries.

To support and expedite implementation of the decision of the Japan-Bangladesh Joint Committeefor commercial and economic co-operation.

To place joint recommendations to respective government on improving the environment formutual trade, commerce, industry, �iscal and investment opportunities.

To develop synergy with other chambers, particularly in the Asian Region in pursuant of its objectives.To provide information, assistance and advisory service to Japanese �irm seeking to do businesswith Bangladesh and Bangladeshi �irm who are interested to promote and expand businessactivities with Japan.

To promote and organize meeting, conference, lectures, trade shows and other activities deemed �itfor the promotion of the Chamber's objectives.

The �inancial statements have been prepared under historical cost convention following accrual basis ofaccounting.

These �inancial statements are prepared in Bangladeshi Taka, which is the organization’s functionalcurrency. All �inancial information presented in Taka has been rounded off to the nearest integer.

To promote to trade and investment between Japan and Bangladesh overcoming any impediment

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)Notes to the Financial Statements

As at and For the period from 01 April 2019 to 31 March 2020

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) obtained License No. 26/2004, dated 03-06-2004 from Ministry of Commerce and was incorporated on 15 August 2004, vide registration No. C-591(43)/2004 with the Registrar of Joint Companies and Firms, Bangladesh under section 28 of CompaniesAct 1994, as a not for pro�it organization. The of�ice of JBCCI is situated at Flat # 3-B, House # 30 (3rd Floor),Road # 18, Block # A, Banani, Dhaka-1213. JBCCI Board of Directors comprise of 12 (Twelve) members (sixfrom the Japan and six from Bangladesh).

JBCCI has been established to provide a forum for discussing and exchanging views of business conditionsand issues, both domestic and international, affecting Japanese and Bangladeshi companies. In furtheranceof this objective and with limiting the generality of such object, the chamber shall be empowered inaccordance with the law for the time being in force.

38

(c) Reporting Period

3 Signi�icant Accounting Policies :

(a) Property, Plant & Equipment(i) Recognition & measurements

(ii) Depreciation

Computer equipment 30%Furniture and �ittings 15%Equipment 20%Camera 30%

(b) Lease

(c) Revenue RecognitionThe company earns its income from the following sources:

Subscription and Admission fee

Interest on Bank Deposits

(d) Provision for income tax liability

(e) Cash and cash equivalentsCash and cash equivalents include notes and coins on hand and balance with bank.

Property, plant & equipment are stated at cost less accumulated depreciation and impairmentlosses. The cost of acquisition comprises of purchase price, including import duties and non-refundabletaxes and any directly attributable cost of bringing the assets to its working condition for its intendeduse.

Depreciation is charged to the income statement under reducing balance method over the estimateduseful lives of each part of an item of property, plant and equipment. The estimated useful lives for thecurrent and comparative periods are as follows:

Chamber receives annual subscription and admission fee from their members. Annual subscription andadmission fee are recognized when it is earned.

Chamber receives bank interest from Fixed Deposit Receipt (FDR) and that income is recognized when it is earned.

No provision for income tax has been made on the excess of income over expenditure, while theassociation is a company within the meaning of section 2 (20) of the ITO-1984 and exmptioncerti�icate/order from the concern authority was not obtained.

Due to low value and short-term of the lease (of�ice rent), the requirement of ‘IFRS-16 Lease’does notapply rather entity recognises the lease payments as rent expense on a straight line basis over the leaseterm.

The accounting policies set out below have been applied consistently to all periods presented in these�inancial statements.

The �inancial statements cover the period from 01 April 2019 to 31 March 2020.

39

As at31 Mar 2020

As at31 Mar 2020

4.00 Property, Plant & Equipment 73,620 91,124

5.00 Investment In FDROpening Balance 21,825,500 21,631,913 Add: Investment during the period 2,000,000 -

Interest received during the period 1,639,157 227,749 25,464,657 21,859,662

Less: Bank Charge (Excess duty) 10,000 - Less: AIT 235,624 34,162

245,624 34,162 Closing Balance 25,219,033 21,825,500

6.00 Advance, deposit & prepaymentAdvance to supplier - 20,000 Security Deposit For Of�ice Rent 42,000 42,000

42,000 62,000

7.00 Receivable from members Opening Balance 60,000 260,000 Add: Addition during the Period 700,000 - Less: Adjustment during the period (40,000) (200,000) Closing Balance (7.01) 720,000 60,000

7.01 Receivable member listAdhip Trading 20,000 - Auto Museum Ltd. 20,000 - Bangladesh Japan Cooperation Company Ltd. 20,000 - Brother International Singapore Pte. Ltd. 20,000 - Business Network Institute Ltd. 20,000 - DoggyMan Bangladesh Co., Ltd. 20,000 - FM Leather Ltd. 20,000 - Fast Value Global (BD) Ltd. 20,000 - GF Bangladesh Ltd. 20,000 - Japan International Cooperation Agency(JICA) 20,000 - JBEC Ltd. 20,000 - Jennys Shoes Ltd. 20,000 - KSRM Steel Plant Ltd. 20,000 - Lunar Eclipse International 20,000 20,000 Misuji Leather Goods Bangla Ltd 20,000 - Mizuho Corporation Ltd. 20,000 - Moon Moon Enterprise 20,000 - Moor Trading 20,000 20,000 Nippon Signal Company Ltd. 20,000 - NACS Bd. Co. Ltd. 20,000 - Nissenken Bangladesh Ltd. 20,000 - Pubali Construction Company Ltd. 20,000 - PHP Steels Ltd. 20,000 - Rahimafrooz Distribution Ltd. 20,000 -

This represents the written down value of the �ixed assets held by the company as at the date of statementof �inancial position. Detail of the �ixed assets acquired by the company has been annexed in Schedule-A.

Details are given in Schedule-B

Amount in Taka

Particulars

40

Rangs Ltd. 20,000 - S.S. Trading 20,000 - Solutions Lab Co. Ltd. 20,000 - Shanta Garments Ltd. 20,000 20,000 TODHA (Pvt.) Ltd. 20,000 - Western Marine Services Ltd. 20,000 - Western Marine Shipyard Ltd. 20,000 - WIN POWER Ltd. 20,000 - White Products & Electronics Ltd. 20,000 - ZAQZAQ Super Store Ltd. 20,000 - Zisa's Fashion Ltd. 20,000 -

700,000 60,000

8.00 AIT on FDR

Opening Balance 841,074 806,912 Add: Addition during the Period 235,624 34,162 Closing Balance 1,076,698 841,074

9.00 Cash & Cash Equivalents

Cash in hand 16,382 39,193 Cash at bank : 2,023,178 2,243,733 (Prime Bank Ltd- A/C - 2132111003487/13211010000193) 2,039,560 2,282,926

10.00

Accumulated Fund

Opening Balance 24,948,974 25,021,499 Add: Excess of Income over Expenditure 4,004,454 (72,525) 28,953,428 24,948,974 Add: Adjustment against AIT on FDR - - 28,953,428 24,948,974

11.00 Liabilities for expenses

Salary payable - 42,000 Telephone bill Payable 772 - 772 42,000

12.00 Provision for Audit Fee

Opening Balance 92,000 69,000 Add: Addition during the period 34,500 23,000 Less : Adjustment during the year (57,500) - Closing Balance 69,000 92,000

13.00 Withholding Tax and VAT Liability

Advertisement Expenses - 16,000 Website Expenses 4,650 4,625 Postage & Courier 2,784 753 Crest & Banner 22,700 - Repair & Maintenance 16,128 - Of�ice Rent & Service Charge 24,000 31,400 Internet expenses 5,713 1,455 Printing & Stationary 71,736 5,417 147,710 59,650

14.00 Admission Fees

BANGLADESH NAXIS CO. LTD. Howlader Maria & Co. (HmAC) Saif Powertec Ltd. Mazada Consortium Ltd. Safesea Bangladesh Ltd.

30,000 - 30,000 - 30,000 - 30,000 - 30,000 -

41

BacBon Ltd. JTRADE Company Ltd. Con�idence Steel Ltd. NAAFCO (Pvt.) Ltd. Toshiba Asia Paci�ic Pte. Ltd. Atlas Logistics Bangladesh (Pvt.) Ltd. Homebound Packers & Shippers Ltd. Rapid Transit Freight Ltd. Colgis BD Ltd. United Dhaka Tobacco Company Ltd. Japan Marketing Company Ltd. Japan-Bangladesh Friendship Medical Services Ltd. Reliable Steel Ltd. Tilottoma Trade Centre Yurtec Corporation Alencs Ltd. City Bank Ltd. CRC Textile Mills Ltd. Eve Dress Shirts Ltd. Hong Kong and Shanghai Banking Corporation Ltd.(HSBC) MKK Logistics Nurul Faruk Hasan & Co. Chartered Accountants (Deloitte In Bangladesh)

810,000 -

15.00 Annual Membership Fees Abul Khair Steel Ltd. Aftab Automobiles Ltd. Ajinomoto Bangladesh Ltd. Asian Motorbikes Ltd. Akij Footwear Ltd. A.K. Khan & Co. Ltd. AKTIO Bangladesh Ltd. AB Bank Ltd. Asahi Consultants Ltd. Atom AP Ltd. Auto Museum Ltd. A. WAHAB & Co., Chartered Accountants Adhip Trading Agility Ltd Ascott The Residence Ltd Apex Textile Printing Mills Ltd. Atlas Logistics Bangladesh (Pvt.) Ltd. Alencs Ltd. Bangla Poshak Ltd. Bangladesh AOTS Alumni Society (BAAS) Bangladesh Honda Private Ltd. Bangladesh IRIS Company Ltd. Bangladesh Japan Cooperation Company Ltd. Bangladesh Steel Re-Rolling Mills Ltd. BBJ Leather Goods Ltd. Bengal Fisheries Ltd. Bashundhara Paper Mills Ltd. BJIT Ltd. Brother International Singapore Pte. Ltd. Business Network Institute Ltd. BETELCO BacBon Ltd. BANGLADESH NAXIS CO. Ltd. CAT Garment Co. Ltd (Bangladesh) Chori Co. Ltd. Dhaka Liaison Of�ice

30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 - 30,000 -

20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 -

42

Contech Ltd. 20,000 - Conveyor Logistics Ltd. 20,000 - Chupa Bangladesh Co.,Ltd 20,000 - Crown Navigation Co. (Pvt.) Ltd. 20,000 - Crescent Lighting Ltd. 20,000 - Colgis BD Ltd. 20,000 - Con�idence Steel Ltd. 20,000 - City Bank Ltd. 20,000 - CRC Textile Mills Ltd. 20,000 - Daffodil International University 20,000 - Datasoft Systems Bangladesh Ltd. 20,000 - Dawn Trading International 20,000 - Dysin-Chem Ltd. 20,000 - Dhaka Evergreen Retirement Homes (Pvt.) Ltd. 20,000 - DoggyMan Bangladesh Co., Ltd. 20,000 - Eastern Motors Ltd. 20,000 - Eastern Bank Ltd. 20,000 - Everett Bangladesh (Private) Ltd. 20,000 - Expo Freight Ltd. 20,000 - eGeneration Group 20,000 - euglena GG Ltd. 20,000 - Eve Dress Shirts Ltd. 20,000 - FM Leather Ltd. 20,000 - Fast Value Global (BD) Ltd. 20,000 - Flora Ltd. 20,000 - Fukuya Health Food Co. Ltd. 20,000 - Galaxy World Logistics Ltd. 20,000 - GF Bangladesh Ltd. 20,000 - Gofran Trade Agency 20,000 - Graphic Machinery & Equipment Ltd. 20,000 - Haq's Bay Automobiles Ltd. 20,000 - Highspeed Shipbuilding & Heavy Engineering Co. Ltd. 20,000 - HNS Automobiles Ltd. 20,000 - Helios Holding Co. Ltd.,Bangladesh Branch Of�ice 20,000 - HAISON International Ltd. 20,000 - Harimao BD Ltd. 20,000 - Howladar Yunus & Co. Chartered Accountants 20,000 - Homebound Packers & Shippers Ltd. 20,000 - Howlader Maria & Co. (HmAC) 20,000 - Hong Kong and Shanghai Banking Corporation Ltd. 20,000 - Infradev Associates Ltd. 20,000 - I.R. Bulb Co. Ltd. 20,000 - Islam Aftab Kamrul & Co. 20,000 - ITOCHU Corporation, Dhaka Liaison Of�ice 20,000 - Investors Services Co. Ltd. 20,000 - I-K Properties 20,000 - 3i Logistics (Pvt.) Ltd. 20,000 - Index Holdings Ltd. 20,000 - Jaba Tour Ltd. 20,000 - Jamuna Bank Ltd. 20,000 - Japan International Cooperation Agency(JICA) 20,000 - Japan Medic Ltd. 20,000 - Japan Solartech Bangladesh Ltd. 20,000 - Juki Machinery Bangladesh Ltd. 20,000 - JBEC Ltd. 20,000 - JBF Digital Trading Co. Ltd. 20,000 - Jennys Shoes Ltd. 20,000 - JETRO , Dhaka Of�ice 20,000 - Juki Bangladesh Ltd. 20,000 - Japan-Bangladesh Friendship Medical Services Ltd. 20,000 - Japan Marketing and Consultancy Ltd. 20,000 - J TRADE Company Ltd. 20,000 - K2 Logistics Bangladesh Ltd. 20,000 - Karnaphuli Fertilizer Co. Ltd. (KAFCO) 20,000 - K. K. Automobiles 20,000 - Kojima Lyric Garments Ltd. 20,000 - KSRM Steel Plant Ltd. 20,000 -

43

Leatherex Footwear Industries Ltd. 20,000 - Lunar Eclipse International 20,000 - Limo Electronics Ltd. 20,000 - Misuji Leather Goods Bangla Ltd 20,000 - Marubeni Corporation, Dhaka Of�ice 20,000 - Matin Spinning Mills Ltd. (DBL Group) 20,000 - McDonald Steel Building Products Ltd. 20,000 - Mitsubishi Corporation, Dhaka Of�ice 20,000 - Mitsui & Co. (Asia Paci�ic) Pte. Ltd., Dhaka Branch 20,000 - Mizuho Corporation Ltd. 20,000 - MUFG Bank, Ltd. 20,000 - Multi Freight Ltd. 20,000 - Murata Machinery Bangladesh Ltd. 20,000 - Moon Moon Enterprise 20,000 - MMX Advertising Communication(MACOMM) 20,000 - Mayekawa Mfg .Co.,Ltd 20,000 - Mitsubishi Corporation Dhaka Metro Project Of�ice ( Branch) 20,000 - Mariners Transport System Co. Ltd. 20,000 - Minori & Partners Ltd. 20,000 - Moor Trading 20,000 - Mazada Consortium Ltd. 20,000 - MKK Logistics 20,000 - NACS Bd. Co. Ltd. 20,000 - Nagase Singapore (Pte) Ltd. Bangladesh Liaison Of�ice 20,000 - Navana Ltd. 20,000 - NEC Corporation , Dhaka Branch Of�ice 20,000 - N ewVision Solutions Ltd. 20,000 - NeXT Business Management Services Ltd. 20,000 - Nippon & McDonald Steel Industries Ltd. 20,000 - Nippon Express Bangladesh Ltd. 20,000 - Nippon Kaiji Kyokai 20,000 - NIPRO JMI COMPANY Ltd. 20,000 - Nissenken Bangladesh Ltd. 20,000 - NOVO CARGO SERVICES Ltd. 20,000 - NYK Line (Bangladesh) Ltd 20,000 - N. Mohammad Plastic Ind. Ltd. 20,000 - NS Construction Ltd. 20,000 - Nippon Signal Company Ltd. 20,000 - NAAFCO (Pvt.) Ltd. 20,000 - Nurul Faruk Hasan & Co. Chartered Accountants (Deloitte In Bangladesh) 20,000 - Op-Seed Co., (BD) Ltd. 20,000 - Ocean Network Express (Bangladesh) Ltd. 20,000 - Oriental Enterprise 20,000 - Paci�ic Associates Ltd 20,000 - Pubali Construction Company Ltd. 20,000 - Paci�ic Jeans Ltd 20,000 - Paci�ic Motors Ltd. 20,000 - Pan Paci�ic Sonargaon Hotel 20,000 - Paci�ic Quality Control Centre Ltd. 20,000 - Pegasus Sewing Machine Pte. Ltd., Bangladesh Liaison Of�ice 20,000 - Penta-Ocean Construction Co. Ltd. 20,000 - Peoples Ceramic Industries Ltd. 20,000 - PHP Steels Ltd. 20,000 - Pleiades Bangladesh Ltd. 20,000 - Pleiades Construction & Consulting Ltd. 20,000 - Premier Bank Ltd. 20,000 -Prime Bank Ltd. 20,000 -Q & Q Trading Ltd. 20,000 -QNS Container Services Ltd. 20,000 -

44

Rahimafrooz Distribution Ltd. Rancon Motor Bikes Ltd. Rangs Electronics Ltd. Rangs Ltd. Rapid Transit Freight Ltd. Remex Corporation Ltd. Rieko Printing and Packaging (Pvt.) Ltd. Robi Axiata Ltd. Rogress Boeki Co. Ltd.,Bangladesh Liaison Of�ice Rancon Auto Industries Ltd. Reliable Steel Ltd. Sail International Ltd. SANTACRUZ Auto Air Conditioning S. Alam Enterprise Sanyo Engineering & Construction Inc.,Bangladesh Branch Of�ice SERACO Japan Ltd. Sha�iq Mizan Rahman & Augustine, Chartered Accountants Shanta Garments Ltd. SIMEC Ltd. Silver Composite Textile Mills Ltd. S M Knitwears Ltd. S.S. Trading Sumitomo Corporation Asia & Oceania Pte. Ltd. Swift Logistic Services Ltd

SHIP Aichi Medical Service Ltd. Shams Engineering Shell Corporation Bangladesh Ltd. Supersign Industeies (Electrical) Ltd. Solutions Lab Co. Ltd. Safesea Bangladesh Ltd. Saif Powertec Ltd. Teijin Frontier Co., Ltd.(Bangladesh Liaison Of�ice) Tilottoma Trade Centre TM Textiles and Garments Ltd. TODHA (Pvt.) Ltd. Toka Ink Bangladesh Ltd. Tokyu Construction Co., Ltd. Dhaka Branch Of�ice Toray International Inc.,Bangladesh Liaison Of�ice Towa Personal Protective Device Bangladesh Ltd. Toyota Tsusho Corporation, Dhaka Liaison Of�ice Trade Services International TS Tech Bangladesh Ltd. Tokyo Consulting Firm Ltd. Toyota Auto Advance TEKKEN Corporation (Branch Of�ice) Toshiba Asia Paci�ic Pte. Ltd. Terra Motors Bangladesh Ltd. UHM Ltd. Uniqlo Co., Ltd. Bangladesh Liaison Of�ice Uttara Automobiles Ltd. Uttara Motors Ltd. Uranus Freight Logistics Ltd.United Dhaka Tobacco Company Ltd. Walton Hi-Tech Industries Ltd. Western Marine Services Ltd. Western Marine Shipyard Ltd. White Products & Electronics Ltd. WIN POWER Ltd. Yurtec Corporation YKK Bangladesh Pte Ltd. Yusen Logistics (Bangladesh) Ltd. Yamagata Dhaka Friendship Hospital ZAQZAQ Super Store Ltd. Zisa's Fashion Ltd. Zeeshan International Agencies Pvt.Ltd.

4,520,000 -

20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 - 20,000 -

45

Japan

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47

Report on the Audit of Financial Statements

Opinion

Basis for opinion

Independent Auditor's Report to the members of

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)

We have audited the accompanying �inancial statements of Japan-Bangladesh Chamber of Commerce andIndustry (JBCCI), which comprise the Statements of �inancial position as at 30 June 2020 and the Statementof pro�it or loss and other comprehensive income, and Statement of cash �lows for the period from 01 April2020 to 30 June 2020, and notes to the �inancial statements, including a summary of signi�icant accountingpolicies.In our opinion, the accompanying �inancial statements present fairly, in all material respects, the �inancialposition of the organization as at 30 June 2020 and it's �inancial performance and its cash �lows for theperiod then ended in accordance with International Financial Reporting Standards (IFRSs).

We conducted our audit in accordance with International Standards on Auditing (ISAs). Ourresponsibilities under those standards are further described in the Auditor’s Responsibilities to the Auditof the Financial Statements section of our report. We are independent of the organization in accordancewith the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants(IESBA Code), and we have ful�illed our other ethical responsibilities in accordance with the IESBA Code.We believe that the audit evidence we have obtained is suf�icient and appropriate to provide a basis for our

Auditor's Responsibility to the Financial Statements

We believe that the audit evidence we have obtained is suf�icient and appropriate to provide a basis foropinion.

Responsibilities of Management and Those Charged with Governance for the Financial Statements and Internal ControlsManagement is responsible for the preparation and fair presentation of these �inancial statements inaccordance with International Financial Reporting Standards (IFRSs) , and for such internal control asmanagement determines is necessary to enable the preparation of �inancial statements that are free frommaterial misstatement, whether due to fraud or error. The Companies Act, 1994 require the Managementto ensure effective internal audit, internal control and risk management functions of the organization. In preparing the �inancial statements, management is responsible for assessing the organization’s ability tocontinue as a going concern, disclosing, as applicable, matters related to going concern and using the goingconcern basis of accounting unless management either intends to liquidate the organization or to ceaseoperations, or has no realistic alternative but to do so. The Board of Directors are also responsible foroverseeing the organization’s �inancial reporting process.

Our objectives are to obtain reasonable assurance about whether the �inancial statements as a whole arefree from material misstatement, whether due to fraud or error, and to issue an auditor’s report thatincludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an auditconducted in accordance with ISA's will always detect a material misstatement when it exists.Misstatements can arise from fraud or error and are considered material if, individually or in theaggregate, they could reasonably be expected to in�luence the economic decisions of users taken on thebasis of these �inancial statements.



48

Ahmed Mashuque & Co.Chartered Accountants


Identify and assess the risks of material misstatement of the �inancial statements, whether due tofraud or error, design and perform audit procedures responsive to those risks, and obtain auditevidence that is suf�icient and appropriate to provide a basis for our opinion. The risk of not detectinga material misstatement resulting from fraud is higher than for one resulting from error, as fraudmay involve collusion, forgery, intentional omissions, misrepresentations, or the override of internalcontrol.

Obtain an understanding of internal control relevant to the audit in order to design audit proceduresthat are appropriate in the circumstances.

Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by management.

Conclude on the appropriateness of management’s use of the going concern basis of accounting and,based on the audit evidence obtained, whether a material uncertainty exists related to events orconditions that may cast signi�icant doubt on the organization’s ability to continue as a going concern.Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report.However, future events or conditions may cause the organization to cease to continue as a goingconcern.

Evaluate the overall presentation, structure and content of the �inancial statements, including thedisclosures, and whether the �inancial statements represent the underlying transactions and in amanner that achieves fair presentation.

As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professionalskepticism throughout the audit. We also:

Report on Other Legal and Regulatory Requirements

a)

b)

c) the organization’s statement of �inancial position and statement of pro�it or loss and othercomprehensive income dealt with by the report are in agreement with the books of account.

We communicate with those charged with governance regarding, among other matters, the planned scopeand timing of the audit and signi�icant audit �indings, including any signi�icant de�iciencies in internalcontrol that we identify during our audit.

In accordance with the Companies Act, 1994 we also report that:we have obtained all the information and explanations which to the best of our knowledge and beliefwere necessary for the purposes of our audit and made due veri�ication thereof;in our opinion, proper books of account as required by law have been kept by the organization so faras it appeared from our examination of those books; and

Obtain suf�icient appropriate audit evidence regarding the �inancial information of the entities orbusiness activities within the organization to express an opinion on the �inancial statements.We are responsible for the direction, supervision and perfor mance of the Company audit.We remain solely responsible for our audit opinion.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

49




Treasurer Secretary General President


Particulars Notes As at30 June 2020

As at31 Mar 2020

ASSETS:Non-Current Assets 70,143 73,620 Property, plant & equipment 4 70,143 73,620

Current Assets 28,991,125 29,097,291 Investment 5 25,254,937 25,219,033 Advance, deposit & prepayment 6 42,000 42,000 Receivable from members 7 540,000 720,000 AIT on FDR 8 1,083,034 1,076,698 Cash & cash equivalents 9 2,071,153 2,039,560 Total Assets 29,061,268 29,170,911

LIABILITIES:Accumulated Fund 10 28,555,294 28,953,428

Current Liabilities 505,974 217,482 Advance received from member 11 220,000 - Liabilities for expenses 12 772 772

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)Statement of Financial Position

As at 30 June 2020

Amount in BDT

Advance received from member 11 220,000 - Liabilities for expenses 12 772 772 Provision for audit Fee 13 103,500 69,000 Withholding Tax and VAT liability 181,702 147,710

Total Liabilities 29,061,268 29,170,911



50

Japan -Bangladesh Chamber of Commerce and Industry (JBCCI) Statement of pro�it or loss and other comprehensive income

for the period from 01 April 2020 to 30 June 2020

Amount in BDT

Particulars Notes

Income

01 April 2020 to

30 June 2020

01 April 2019 to

31 March 2020

Admission fees 15 - 810,000 Annual Membership Fees 16 - 4,520,000 Interest on FDR 42,240 1,639,157 Other income - 404,000 Total Income 42,240 7,373,157

Expenses AGM, Networking & Dinner Expense - 1,195,616 Audit Fee 34,500 34,500 Conveyance 15,260 86,225 Crest & Banner - 113,500 Miscellaneous Expenses 6,050 32,400 Photocopy & Stationary 31,144 29,935 Postage & Courier 3,425 13,919 Entertainment 1,513 45,989 FBCCI Fees - 35,000 Travel Expense - 28,500 Donation - 100,000 Repair & Maintenance 21,250 80,638 Of�ice Rent & Service Charge 111,600 396,000 Printing 23,760 430,416 Salary 175,000 560,000 Internet expenses 10,005 49,513 Communication expenses 3,000 15,498 Website Expenses - 35,650 Newspaper - 686 Bank Charge 391 16,814

Tax &Vat Expenses - 50,400 Depreciation 3,477 17,505 Total Expenditure 440,375 3,368,703

Excess of Income over Expenditure (398,134) 4,004,454






51






Amount in BDT

A. CASH IN FLOW FROM OPERATING ACTIVITIES 67,497 3,150,168 Net Earnings (398,135) 4,004,454

Depreciation 3,477 17,505 Increase / Decrease in Receivable 180,000 (660,000) Increase / Decrease in AIT (6,336) (235,624) Increase / Decrease in advance, deposit & prepayment - 20,000 Increase / Decrease in current Liability 288,492 3,833

B. CASH FLOW FROM INVESTING ACTIVITIES (35,904) (3,393,533) Purchase of Investment (35,904) (3,393,533)

C. CASH FLOW FROM FINANCING ACTIVITIES - -

D. INCREASE/(DECREASE) IN CASH AND BANK BALANCES (A+B+C) 31,593 (243,366)

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)Statement of Cash Flows

for the period from 01 April 2020 to 30 June 2020

Particulars01 April 2020

to30 June 2020

01 April 2019to

31 March 2020

Adjustments for items not involving cash:

E. Cash and Bank Balance at Opening 2,039,560 2,282,926

F. CASH AND BANK BALANCES AT CLOSING 2,071,153 2,039,560

52

1. Reporting entity :

(a) Introduction

(b) Nature of Operations

To promote to trade and investment between Japan and Bangladesh overcoming any impediment

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)Notes to the Financial Statements

As at and For the period from 01 April 2020 to 30 June 2020

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) obtained License No. 26/2004, dated 03-06-2004 from Ministry of Commerce and was incorporated on 15 August 2004, vide registration No. C-591(43)/2004 with the Registrar of Joint Companies and Firms, Bangladesh under section 28 of CompaniesAct 1994, as a not for pro�it organization. The of�ice of JBCCI is situated at Flat # 3-B, House # 30 (3rd Floor),Road # 18, Block # A, Banani, Dhaka-1213. JBCCI Board of Directors comprise of 12 (Twelve) members (sixfrom the Japan and six from Bangladesh).

JBCCI has been established to provide a forum for discussing and exchanging views of business conditionsand issues, both domestic and international, affecting Japanese and Bangladeshi companies. In furtherance ofthis objective and with limiting the generality of such object, the chamber shall be empowered in accordancewith the law for the time being in force.

To encourage and develop the establishment of Japan-Bangladesh joint venture in speci�ic areas ofcommon interest.

To utilize the expertise of the Chamber members to identify and develop opportunities for bothJapanese and Bangladeshi companies.

To develop closer interaction between the private/public sector and related organizations in both

2. Basis of Preparation:

a) Basis of presentation of the �inancial statements

b) Functional and presentational currency

countries.

To support and expedite implementation of the decision of the Japan-Bangladesh Joint Committeefor commercial and economic co-operation.

To place joint recommendations to respective government on improving the environment formutual trade, commerce, industry, �iscal and investment opportunities.

To develop synergy with other chambers, particularly in the Asian Region in pursuant of its objectives.To provide information, assistance and advisory service to Japanese �irm seeking to do businesswith Bangladesh and Bangladeshi �irm who are interested to promote and expand businessactivities with Japan.

To promote and organize meeting, conference, lectures, trade shows and other activities deemed �itfor the promotion of the Chamber's objectives.

The �inancial statements have been prepared under historical cost convention following accrual basis ofaccounting.

These �inancial statements are prepared in Bangladeshi Taka, which is the organization’s functionalcurrency. All �inancial information presented in Taka has been rounded off to the nearest integer.

53

admission fee are recognized when it is earned.

(c) Reporting Period

3 Signi�icant Accounting Policies :

(a) Property, Plant & Equipment(i) Recognition & measurements

(ii) Depreciation

Computer equipment 30%Furniture and �ittings 15%Equipment 20%Camera 30%

(b)Lease

The accounting policies set out below have been applied consistently to all periods presented in�inancial statements.

The �inancial statements cover the period from 01 April 2020 to 30 June 2020.

Property, plant & equipment are stated at cost less accumulated depreciation and impairmentlosses. The cost of acquisition comprises of purchase price, including import duties and non-refundabletaxes and any directly attributable cost of bringing the assets to its working condition for its intendeduse.

Depreciation is charged to the income statement under reducing balance method over the estimateduseful lives of each part of an item of property, plant and equipment. The estimated useful lives forcurrent and comparative periods are as follows:

Due to low value and short-term of the lease (of�ice rent), the requirement of ‘IFRS-16 Lease’does notapply rather entity recognises the lease payments as rent expense on a straight line basis over theterm.

(c) Revenue RecognitionThe company earns its income from the following sources:

Subscription and Admission fee

Interest on Bank Deposits

(d) Provision for income tax liability

(e) Cash and cash equivalentsCash and cash equivalents include notes and coins on hand and balance with bank.

Chamber receives annual subscription and admission fee from their members. Annual subscription and

Chamber receives bank interest from Fixed Deposit Receipt (FDR) and that income is recognized whenis earned.

No provision for income tax has been made on the excess of income over expenditure, while theassociation is a company within the meaning of section 2 (20) of the ITO-1984 and exmptioncerti�icate/order from the concern authority was not obtained.

term.

54

Nissenken Bangladesh Ltd. - 20,000 Pubali Construction Company Ltd. - 20,000 PHP Steels Limited - 20,000 Rahimafrooz Distribution Ltd. - 20,000Rangs Ltd.

- 20,000

S.S. Trading - 20,000 Solutions Lab Co. Ltd. - 20,000 Shanta Garments Ltd. - 20,000 TODHA (Pvt.) Ltd. - 20,000 Western Marine Services Ltd. - 20,000 Western Marine Shipyard Ltd. - 20,000 WIN POWER Ltd. - 20,000 White Products & Electronics Ltd. - 20,000 ZAQZAQ Super Store Ltd. - 20,000 Zisa's Fashion Ltd. - 20,000

- 700,000

As at30 June 2020

As at31 Mar 2020

4.00 Property, Plant & Equipment 70,143 73,620

5.00 Investment In FDROpening Balance 25,219,033 21,825,500 Add: Investment during the period - 2,000,000

Interest received during the period 42,240 1,639,158 25,261,273 25,464,657

Less: Bank Charge (Excess duty) - 10,000 Less: AIT 6,336 235,624

6,336 245,624Closing Balance 25,254,937 25,219,033

6.00 Advance, deposit & prepaymentAdvance to supplier - - Security Deposit For Of�ice Rent 42,000 42,000

42,000 42,000

7.00 Receivable from members Opening Balance 720,000 60,000 Add: Addition during the Period (7.01) - 700,000 Less: Adjustment during the period (7.02) (40,000)

This represents the written down value of the �ixed assets held by the company as at the date of statement of�inancial position. Detail of the �ixed assets acquired by the company has been annexed in Schedule-A.

Details are given in Schedule-B

Amount in Taka

Particulars

Less: Adjustment during the period (7.02) (180,000) (40,000) Closing Balance 540,000 720,000

7.01 Receivable member listAdhip Trading - 20,000 Auto Museum Ltd. - 20,000 Bangladesh Japan Cooperation Company Ltd. - 20,000 Brother International Singapore Pte. Ltd. - 20,000 Business Network Institute Ltd. - 20,000 DoggyMan Bangladesh Co., Ltd. - 20,000 FM Leather Ltd. - 20,000 Fast Value Global (BD) Ltd. - 20,000 GF Bangladesh Ltd. - 20,000 Japan International Cooperation Agency(JICA) - 20,000 JBEC Ltd. - 20,000 Jennys Shoes Ltd. - 20,000 KSRM Steel Plant Ltd. - 20,000 Lunar Eclipse International - 20,000 Misuji Leather Goods Bangla Ltd - 20,000 Mizuho Corporation Ltd. - 20,000 Moon Moon Enterprise - 20,000 Moor Trading - 20,000 Nippon Signal Company Ltd. - 20,000 NACS Bd. Co. Ltd. - 20,000

55

7.02 Receivable collection list Shanta Garments 20,000 20,000 White Products 20,000 - Solution Lab Co. Ltd. 20,000 -

Auto Museum Ltd. 20,000 - NACS BD Ltd. 20,000 - Moon Moon Enterprise 20,000 - Moor Trading 20,000 20,000 Win Power Ltd. 20,000 - Rahimafrooz Distribution 20,000 -

180,000 40,000 8.00 AIT on FDR

1,076,698 841,074Opening BalanceAdd: Addition during the periodClosing Balance

6,336 235,624

1,083,034 1,076,698

9.00 Cash & Cash Equivalents Cash in hand

14,366 16,382

Cash at bank : 2,056,787 2,023,178 (Prime Bank Ltd- A/C - 2132111003487/13211010000193)

2,071,153

2,039,560

10.00 Accumulated Fund

Opening Balance

28,953,428 24,948,974

Add: Excess of Income over Expenditure

4,004,454

28,555,294 28,953,428

Add: Adjustment against AIT on FDR - - 28,555,294 28,953,428

11.00 Advance received from member Asian Motorbikes Ltd. 20,000 - BJIT Ltd. 20,000 - Crescent Lighting Ltd. 20,000 - Islam Aftab Kamrul & Co. 20,000 - Jamuna Bank Ltd. 20,000 - NACS Bd. Co. Ltd. 20,000 - NIPRO JMI COMPANY LTD. 20,000 - NYK Line (Bangladesh) Ltd 20,000 - NAAFCO (Pvt.) Ltd. 20,000 - Ocean Network Express (Bangladesh) Ltd. 20,000 - Yusen Logistics (Bangladesh) Ltd. 20,000 -

220,000 - 12.00 Liabilities for expenses

Telephone bill Payable - 772 - 772

13.00 Provision for Audit Fee Opening Balance 69,000 92,000 Add: Addition during the period 34,500 34,500 Less : Adjustment during the year - (57,500) Closing Balance 103,500 69,000

14.00 Withholding Tax and VAT Liability

Website Expenses 4,650 4,650 Photocopy & Stationary 5,191 - Postage & Courier 3,469 2,784 Crest & Banner 22,700 22,700 Repair & Maintenance 20,378 16,128 Of�ice Rent & Service Charge 42,600 24,000 Internet expenses 7,018 5,713 Printing 75,696 71,736

181,702 147,710 15.00 Admission Fees

BANGLADESH NAXIS CO. LTD. - 30,000 Howlader Maria & Co. (HmAC) - 30,000 Saif Powertec Ltd. - 30,000 Mazada Consortium Ltd. - 30,000 Safesea Bangladesh Ltd. - 30,000 BacBon Ltd. - 30,000 JTRADE Company Ltd. - 30,000 Con�idence Steel Ltd. - 30,000

(398,134)

56

NAAFCO (Pvt.) Ltd. - 30,000 Toshiba Asia Paci�ic Pte. Ltd. - 30,000 Atlas Logistics Bangladesh (Pvt.) Ltd. - 30,000 Homebound Packers & Shippers Ltd. - 30,000 Rapid Transit Freight Ltd. - 30,000 Colgis BD Ltd. - 30,000 United Dhaka Tobacco Company Ltd. - 30,000 Japan Marketing Company Ltd. - 30,000 Japan-Bangladesh Friendship Medical Services Ltd. - 30,000 Reliable Steel Ltd. - 30,000 Tilottoma Trade Centre - 30,000 Yurtec Corporation - 30,000 Alencs Ltd. - 30,000 City Bank Ltd. - 30,000 CRC Textile Mills Ltd. - 30,000 Eve Dress Shirts Ltd. - 30,000 Hong Kong and Shanghai Banking Corporation Ltd.(HSBC) - 30,000 MKK Logistics - 30,000 Nurul Faruk Hasan & Co. Chartered Accountants (Deloitte In Bangladesh) - 30,000

- 810,000

16.00 Annual Membership Fees Abul Khair Steel Ltd. - 20,000 Aftab Automobiles Ltd. - 20,000 Ajinomoto Bangladesh Ltd. - 20,000 Asian Motorbikes Ltd. - 20,000 Akij Footwear Ltd. - 20,000 A.K. Khan & Co. Ltd. - 20,000 AKTIO Bangladesh Ltd. - 20,000 AB Bank Limited - 20,000 Asahi Consultants Ltd. - 20,000 Atom AP Ltd. - 20,000 Auto Museum Ltd. - 20,000 A. WAHAB & Co., Chartered Accountants - 20,000 Adhip Trading - 20,000 Agility Ltd. - 20,000 Ascott The Residence Ltd - 20,000 Apex Textile Printing Mills Ltd. - 20,000 Atlas Logistics Bangladesh (Pvt.) Ltd. - 20,000 Alencs Ltd. - 20,000 Bangla Poshak Ltd. - 20,000 Bangladesh AOTS Alumni Society (BAAS) - 20,000 Bangladesh Honda Private Ltd. - 20,000 Bangladesh IRIS Company Ltd. - 20,000 Bangladesh Japan Cooperation Company Ltd. - 20,000 Bangladesh Steel Re-Rolling Mills Ltd. - 20,000 BBJ Leather Goods Ltd. - 20,000 Bengal Fisheries Ltd. - 20,000 Bashundhara Paper Mills Ltd. - 20,000 BJIT Ltd. - 20,000 Brother International Singapore Pte. Ltd. - 20,000 Business Network Institute Ltd. - 20,000 BETELCO - 20,000 BacBon Ltd. - 20,000 BANGLADESH NAXIS CO. LTD. - 20,000 CAT Garment Co. Limited (Bangladesh) - 20,000 Chori Co. Ltd. Dhaka Liaison Of�ice - 20,000 Contech Ltd. - 20,000 Conveyor Logistics Ltd. - 20,000 Chupa Bangladesh Co.,Ltd - 20,000 Crown Navigation Co. (Pvt.) Ltd. - 20,000 Crescent Lighting Ltd. - 20,000 Colgis BD Ltd. - 20,000 Con�idence Steel Ltd. - 20,000 City Bank Ltd. - 20,000

57

CRC Textile Mills Ltd. - 20,000 Daffodil International University - 20,000 Datasoft Systems Bangladesh Ltd. - 20,000 Dawn Trading International - 20,000 Dysin-Chem Ltd. - 20,000 Dhaka Evergreen Retirement Homes (Pvt.) Ltd. - 20,000 DoggyMan Bangladesh Co., Ltd. - 20,000 Eastern Motors Ltd. - 20,000 Eastern Bank Ltd. - 20,000 Everett Bangladesh (Private) Ltd. - 20,000 Expo Freight Ltd. - 20,000 eGeneration Group - 20,000 euglena GG Ltd. - 20,000 Eve Dress Shirts Ltd. - 20,000 FM Leather Ltd. - 20,000 Fast Value Global (BD) Ltd. - 20,000 Flora Ltd. - 20,000 Fukuya Health Food Co. Ltd. - 20,000 Galaxy World Logistics Ltd. - 20,000 GF Bangladesh Ltd. - 20,000 Gofran Trade Agency - 20,000 Graphic Machinery & Equipment Ltd. - 20,000 Haq's Bay Automobiles Ltd. - 20,000 Highspeed Shipbuilding & Heavy Engineering Co. Ltd. - 20,000 HNS Automobiles Ltd. - 20,000 Helios Holding Co. Ltd.,Bangladesh Branch Of�ice - 20,000 HAISON International Ltd. - 20,000 Harimao BD Ltd. - 20,000 Howladar Yunus & Co. Chartered Accountants - 20,000 Homebound Packers & Shippers Ltd. - 20,000 Howlader Maria & Co. (HmAC) - 20,000 Hong Kong and Shanghai Banking Corporation Ltd. - 20,000 Infradev Associates Ltd. - 20,000 I.R. Bulb Co. Ltd. - 20,000 Islam Aftab Kamrul & Co. - 20,000 ITOCHU Corporation, Dhaka Liaison O�ice - 20,000 Investors Services Co. Ltd. - 20,000 I-K Properties - 20,000 3i Logistics (Pvt.) Ltd. - 20,000 Index Holdings Ltd. - 20,000 Jaba Tour Ltd. - 20,000 Jamuna Bank Ltd. - 20,000 Japan International Cooperation Agency(JICA) - 20,000 Japan Medic Ltd. - 20,000 Japan Solartech Bangladesh Ltd. - 20,000 Juki Machinery Bangladesh Ltd. - 20,000 JBEC Ltd. - 20,000 JBF Digital Trading Co. Ltd. - 20,000 Jennys Shoes Ltd. - 20,000 JETRO , Dhaka Of�ice - 20,000 Juki Bangladesh Ltd. - 20,000 Japan-Bangladesh Friendship Medical Services Ltd. - 20,000 Japan Marketing and Consultancy Ltd. - 20,000J TRADE Company Ltd. - 20,000 K2 Logistics Bangladesh Ltd. - 20,000 Karnaphuli Fertilizer Co. Ltd. (KAFCO) - 20,000 K. K. Automobiles - 20,000 Kojima Lyric Garments Ltd. - 20,000 KSRM Steel Plant Ltd. - 20,000

58

Leatherex Footwear Industries Ltd. - 20,000 Lunar Eclipse International - 20,000 Limo Electronics Ltd. - 20,000 Misuji Leather Goods Bangla Ltd - 20,000 Marubeni Corporation, Dhaka Of�ice - 20,000 Matin Spinning Mills Ltd. (DBL Group) - 20,000 McDonald Steel Building Products Ltd. - 20,000 Mitsubishi Corporation, Dhaka Of�ice - 20,000 Mitsui & Co. (Asia Paci�ic) Pte. Ltd., Dhaka Branch - 20,000 Mizuho Corporation Ltd. - 20,000 MUFG Bank, Ltd. - 20,000 Multi Freight Ltd. - 20,000 Murata Machinery Bangladesh Ltd. - 20,000 Moon Moon Enterprise - 20,000 MMX Advertising Communication(MACOMM) - 20,000 Mayekawa Mfg .Co.,Ltd - 20,000 Mitsubishi Corporation Dhaka Metro Project Of�ice ( Branch) - 20,000 Mariners Transport System Co. Ltd. - 20,000 Minori & Partners Ltd. - 20,000 Moor Trading - 20,000 Mazada Consortium Ltd. - 20,000 MKK Logistics - 20,000 NACS Bd. Co. Ltd. - 20,000 Nagase Singapore (Pte) Ltd.Bangladesh Liaison Of�ice - 20,000 Navana Ltd. - 20,000 NEC Corporation , Dhaka Branch O�ice - 20,000 NewVision Solutions Ltd. - 20,000 NeXT Business Management Services Ltd. - 20,000 Nippon & McDonald Steel Industries Ltd. - 20,000 Nippon Express Bangladesh Ltd. - 20,000 Nippon Kaiji Kyokai - 20,000 NIPRO JMI COMPANY LTD. - 20,000 Nissenken Bangladesh Ltd. - 20,000 NOVO CARGO SERVICES LTD. - 20,000 NYK Line (Bangladesh) Ltd - 20,000 N. Mohammad Plastic Ind. Ltd. - 20,000 NS Construction Ltd. - 20,000 Nippon Signal Company Ltd. - 20,000 NAAFCO (Pvt.) Ltd. - 20,000 Nurul Faruk Hasan & Co. Chartered Accountants (Deloitte In Bangladesh) - 20,000 Op-Seed Co., (BD) Ltd. - 20,000 Ocean Network Express (Bangladesh) Ltd. - 20,000 Oriental Enterprise - 20,000 Paci�ic Associates Ltd - 20,000 Pubali Construction Company Ltd. - 20,000 Paci�ic Jeans Ltd - 20,000 Paci�ic Motors Ltd. - 20,000 Pan Paci�ic Sonargaon Hotel - 20,000 Paciic Quality Control Centre Ltd. - 20,000 Pegasus Sewing Machine Pte. Ltd., Bangladesh Liaison Of�ice - 20,000 Penta-Ocean Construction Co. Ltd. - 20,000 Peoples Ceramic Industries Ltd. - 20,000 PHP Steels Ltd. - 20,000 Pleiades Bangladesh Ltd. - 20,000 Pleiades Construction & Consulting Ltd. - 20,000 Premier Bank Ltd. - 20,000

Prime Bank Ltd. - 20,000

Q & Q Trading Ltd. - 20,000QNS Container Services Ltd. - 20,000Rahimafrooz Distribution Ltd. - 20,000Rancon Motor Bikes Ltd. - 20,000Rangs Electronics Ltd. - 20,000Rangs Ltd. - 20,000

59

Rapid Transit Freight Ltd. - 20,000 Remex Corporation Ltd. - 20,000 Rieko Printing and Packaging (Pvt.) Ltd. - 20,000 Robi Axiata Ltd. - 20,000 Rogress Boeki Co. Ltd.,Bangladesh Liaison Of�ice - 20,000 Rancon Auto Industries Ltd. - 20,000 Reliable Steel Ltd. - 20,000 Sail International Ltd. - 20,000 SANTACRUZ Auto Air Conditioning - 20,000 S. Alam Enterprise - 20,000 Sanyo Engineering & Construction Inc.,Bangladesh Branch Of�ice - 20,000 SERACO Japan Ltd. - 20,000 Sha�iq Mizan Rahman & Augustine, Chartered Accountants - 20,000 Shanta Garments Ltd. - 20,000 SIMEC Ltd. - 20,000 Silver Composite Textile Mills Ltd. - 20,000 S M Knitwears Ltd. - 20,000 S.S. Trading - 20,000 Sumitomo Corporation Asia & Oceania Pte. Ltd. - 20,000 Swift Logistic Services Ltd - 20,000 SHIP Aichi Medical Service Ltd. - 20,000 Shams Engineering - 20,000 Shell Corporation Bangladesh Ltd. - 20,000 Supersign Industeies (Electrical) Ltd. - 20,000 Solutions Lab Co. Ltd. - 20,000 Safesea Bangladesh Ltd. - 20,000 Saif Powertec Ltd. - 20,000 Teijin Frontier Co., Ltd.(Bangladesh Liaison Of�ice) - 20,000 Tilottoma Trade Centre - 20,000 TM Textiles and Garments Ltd. - 20,000 TODHA (Pvt.) Ltd. - 20,000 Toka Ink Bangladesh Ltd - 20,000 Tokyu Construction Co., Ltd. Dhaka Branch Of�ice - 20,000 Toray International Inc.,Bangladesh Liaison Of�ice - 20,000 Towa Personal Protective Device Bangladesh Ltd. - 20,000 Toyota Tsusho Corporation, Dhaka Liaison Of�ice - 20,000 Trade Services International - 20,000 TS Tech Bangladesh Ltd. - 20,000 Tokyo Consulting Firm Ltd. - 20,000 Toyota Auto Advance - 20,000 TEKKEN Corporation (Branch Of�ice) - 20,000 Toshiba Asia Paci�ic Pte. Ltd. - 20,000 Terra Motors Bangladesh Ltd. - 20,000 UHM Ltd. - 20,000 Uniqlo Co., Ltd. Bangladesh Liaison Of�ice - 20,000 Uttara Automobiles Ltd. - 20,000 Uttara Motors Ltd. - 20,000 Uranus Freight Logistics Ltd. - 20,000 United Dhaka Tobacco Company Ltd. - 20,000 Walton Hi-Tech Industries Ltd. - 20,000 Western Marine Services Ltd. - 20,000 Western Marine Shipyard Ltd. - 20,000 White Products & Electronics Ltd. - 20,000 WIN POWER Ltd. - 20,000Yurtec Corporation - 20,000 YKK Bangladesh Pte Ltd. - 20,000 Yusen Logistics (Bangladesh) Ltd. - 20,000 Yamagata Dhaka Friendship Hospital - 20,000 ZAQZAQ Super Store Ltd. - 20,000 Zisa's Fashion Ltd. - 20,000 Zeeshan International Agencies Pvt. Ltd. - 20,000

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62

List of JBCCI MembersAbul Khair Steel Ltd.Aftab Automobiles Ltd.Ajinomoto Bangladesh Ltd.Asian Motorbikes Ltd.Akij Footwear Ltd.A.K. Khan & Co. Ltd.AKTIO Bangladesh Ltd.AB Bank Ltd.Asahi Consultants Ltd.Atom AP Ltd. Auto Museum Ltd. A. WAHAB & Co., Chartered AccountantsAdhip TradingAgility Ltd.Ascott The Residence LtdApex Textile Printing Mills Ltd.Atlas Logistics Bangladesh (Pvt.) Ltd.Alencs Ltd. Ananda Shipyard and Slipways Ltd.Asian Petroleum Ltd.Altum Infratech Ltd. Alta Fuel Ltd.Anshin International Co., Ltd. Bangla Poshak Ltd.Bangladesh AOTS Alumni Society (BAAS)Bangladesh Honda Private Ltd.Bangladesh IRIS Company Ltd. Bangladesh Steel Re-Rolling Mills Ltd.BBJ Leather Goods Ltd.Bengal Fisheries Ltd. Bashundhara Paper Mills Ltd.BJIT Ltd.Brother International Singapore Pte. Ltd.Business Network Institute Ltd.BETELCO BacBon Ltd.BANGLADESH NAXIS CO. Ltd.CAT Garment Co. Ltd. (Bangladesh)Chori Co. Ltd. Dhaka Liaison O�ceContech Ltd.Conveyor Logistics Ltd.Chupa Bangladesh Co.,LtdCrown Navigation Co. (Pvt.) Ltd.Crescent Lighting Ltd.Colgis BD Ltd.Con�dence Steel Ltd. City Bank Ltd.CRC Textile Mills Ltd. Da�odil International UniversityDatasoft Systems Bangladesh Ltd.Dawn Trading InternationalDysin-Chem Ltd.Dhaka Evergreen Retirement Homes (Pvt.) Ltd.Eastern Motors Ltd.Eastern Bank Ltd.Everett Bangladesh (Private) Ltd.Expo Freight Ltd.eGeneration Group

01.02.03.04.05.06.07.08.09.10.11.12.13.14.15.16.17.18.19.20.21.22.23.24.25.26.27.28.29.30.31.32.33.34.35.36.37.38.39.4041.42.43.44.45.46.47.48.49.50.51.52.53.54.55.56.57.58.

59.60.61.62.63.64.65.66.67.68.69.70.71.72.73.74.75.76.77.78.79.80.81.82.83.84.85.86.87.88.89.90.91.92.93.94.95.96.97.98.99.100.101.102.103.104.105.106.107.108.109.110.111.112.113.114.115.116.

euglena GG Ltd.Eve Dress Shirts Ltd.Fast Value Global (BD) Ltd.Flora Ltd.Fukuya Health Food Co. Ltd.Galaxy World Logistics Ltd.Gofran Trade AgencyGraphic Machinery & Equipment Ltd.Haq's Bay Automobiles Ltd.Highspeed Shipbuilding & Heavy Engineering Co. Ltd.HNS Automobiles Ltd.Helios Holding Co. Ltd.,Bangladesh Branch O�ceHAISON International Ltd.Harimao BD Ltd.Howladar Yunus & Co. Chartered AccountantsHomebound Packers & Shippers Ltd. Howlader Maria & Co. (HmAC)Hong Kong and Shanghai Banking Corporation Ltd.Infradev Associates Ltd.I.R. Bulb Co. Ltd.Islam Aftab Kamrul & Co.ITOCHU Corporation, (Dhaka Liaison O�ce)Investors Services Co. Ltd.I-K Properties3i Logistics (Pvt.) Ltd.Index Holdings Ltd.Jaba Tour Ltd.Jamuna Bank Ltd.Japan International Coopration Agency - JICA (Honorary Member)

Japan Medic Ltd.Japan Solartech Bangladesh Ltd.Juki Machinery Bangladesh Ltd. JBF Digital Trading Co. Ltd.Jennys Shoes Ltd.JETRO , Dhaka O�ceJuki Bangladesh Ltd.Japan-Bangladesh Friendship Medical Services Ltd.Japan Marketing and Consultancy Ltd. JTRADE Company Ltd. JCX Developments Ltd. K2 Logistics Bangladesh Ltd.Karnaphuli Fertilizer Co. Ltd. (KAFCO)K. K. AutomobilesKojima Lyric Garments Ltd.Leatherex Footwear Industries Ltd.Limo Electronics Ltd.Marubeni Corporation, Dhaka O�ceMatin Spinning Mills Ltd. (DBL Group)McDonald Steel Building Products Ltd.Mitsubishi Corporation, Dhaka O�ceMitsui & Co. (Asia Paci�c) Pte. Ltd., Dhaka Branch MUFG Bank, Ltd.Multi Freight Ltd.Murata Machinery Bangladesh Ltd.Moon Moon EnterpriseMMX Advertising Communication(MACOMM)Mayekawa Mfg .Co.,LtdMitsubishi Corporation Dhaka Metro Project O�ce ( Branch)

63

List of JBCCI Members

List of Members who have not paid the Membership Fee yet

117.118.119.120.121.122.123.124.125.126.127.128.129.130.131.132.133.134.135.136.137.138.139.140.141.142.143.144.145.146.147.148.149.150.151.152.153154.155.156.157.158.159.160.161.162.163.164.165.166.167.168.169.170.

171.172.173.174.175.176.177.178.179.180.181.182.183.184.185.186.187.188.189.190.191.192.193.194.195.196.197.198.199.200.201.202.203.204.205.206.207.208.209.210.211.212.213.214.215.216.217.218.219.220.221.222.223.224.

Mariners Transport System Co. Ltd.Minori & Partners Ltd.Moor TradingMazada Consortium Ltd.MKK Logistics MAX Infrastructure Ltd.NACS Bd. Co. Ltd.Nagase Singapore (Pte) Ltd.Bangladesh Liaison O�ceNavana Ltd.NEC Corporation , Dhaka Branch O�ceNewVision Solutions Ltd.NeXT Business Management Services Ltd.Nippon & McDonald Steel Industries Ltd.Nippon Express Bangladesh Ltd.Nippon Kaiji Kyokai NIPRO JMI COMPANY LTD.Nissenken Bangladesh Ltd.NOVO CARGO SERVICES LTD.NYK Line (Bangladesh) LtdN. Mohammad Plastic Ind. Ltd.NS Construction Ltd.Nippon Signal Company Ltd.NAAFCO (Pvt.) Ltd.Nurul Faruk Hasan & Co. Chartered Accountants (Deloitte In Bangladesh)Naruto Japan Co. Ltd.Op-Seed Co., (BD) Ltd.Ocean Network Express (Bangladesh) Ltd.Oriental EnterprisePaci�c Associates LtdPaci�c Jeans LtdPaci�c Motors Ltd.Pan Paci�c Sonargaon HotelPaci�c Quality Control Centre Ltd. Pegasus Sewing Machine Pte. Ltd., Bangladesh Liaison O�cePenta-Ocean Construction Co. Ltd.Peoples Ceramic Industries Ltd.PHP Steels Ltd.Pleiades Bangladesh Ltd.Pleiades Construction & Consulting Ltd.Premier Bank Ltd.Prime Bank Ltd.Q & Q Trading Ltd.QNS Container Services Ltd.Rahimafrooz Distribution Ltd.Rancon Motor Bikes Ltd.Rangs Electronics Ltd.Rangs Ltd.Rapid Transit Freight Ltd. Remex Corporation Ltd.Rieko Printing and Packaging (Pvt.) Ltd.Robi Axiata Ltd.Rogress Boeki Co. Ltd., Bangladesh Liaison O�ceRancon Auto Industries Ltd.Reliable Steel Ltd.

Sail International Ltd.SANTACRUZ Auto Air ConditioningS. Alam EnterpriseSanyo Engineering & Construction Inc., Bangladesh Branch O�ceSERACO Japan Ltd.Sha�q Mizan Rahman & Augustine, Chartered AccountantsShanta Garments Ltd.SIMEC Ltd.Silver Composite Textile Mills Ltd.S M Knitwears Ltd.Sumitomo Corporation Asia & Oceania Pte. Ltd.Swift Logistic Services LtdSHIP Aichi Medical Service Ltd.Shams Engineering Shell Corporation Bangladesh Ltd.Supersign Industeies (Electrical) Ltd.Solutions Lab Co. Ltd.Safesea Bangladesh Ltd.Saif Powertec Ltd.Teijin Frontier Co., Ltd. Bangladesh Liaison O�ceTilottoma Trade CentreTM Textiles and Garments Ltd.TODHA (Pvt.) Ltd.Toka Ink Bangladesh LtdTokyu Construction Co., Ltd. Dhaka Branch O�ceToray International Inc.,Bangladesh Liaison O�ceTowa Personal Protective Device Bangladesh Ltd.Toyota Tsusho Corporation, Dhaka Liaison O�ceTrade Services InternationalTS Tech Bangladesh Ltd.Tokyo Consulting Firm Ltd.Toyota Auto Advance TEKKEN Corporation (Branch O�ce)Toshiba Asia Paci�c Pte. Ltd.Terra Motors Bangladesh Ltd. UHM Ltd.Uniqlo Co., Ltd. Bangladesh Liaison O�ceUttara Automobiles Ltd.Uttara Motors Ltd.Uranus Freight Logistics Ltd.United Dhaka Tobacco Company Ltd.Unileaf Design & Sourcing Ltd.Walton Hi-Tech Industries Ltd.Western Marine Shipyard Ltd.White Products & Electronics Ltd.WIN POWER Ltd.Yurtec CorporationYKK Bangladesh Pte Ltd.Yusen Logistics (Bangladesh) Ltd.Yamagata Dhaka Friendship HospitalZAQZAQ Super Store Ltd.Zisa's Fashion Ltd.Zeeshan International Agencies Pvt.LtdDr. Muhammad Abdul Mazid (Honorary Member)

Bangladesh Japan Cooperation Company Ltd.DoggyMan Bangladesh Co., Ltd.FM Leather Ltd.GF Bangladesh Ltd.Lunar Eclipse InternationalMisuji Leather Goods Bangla Ltd

1.2.3.4.5.6.

7.8.9.10.11.12.

Mizuho Corporation Ltd.Pubali Construction Company Ltd.S.S. TradingJBEC Ltd.KSRM Steel Plant Ltd.Western Marine Shipyard Ltd.

64

JAPAN-BANGLADESH CHAMBER OF COMMERCEAND INDUSTRY

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