LSI INDUSTRIES LIMITED - Dhaka Stock Exchange

Particulars 30.06.07 30.06.08 30.06.09 30.06.10As on31.12.10Current Assets 529.5 812.05 796.66 1212.48 1418.12Current Liabilities 350.33 468.56 314.34 413.57 505.13Current Ratio 1.51 1.73 2.53 2.93 2.81Quick Ratio 0.40 0.62 0.83 1.08 1.29Current Asset-Inventories 139.75 289.14 259.47 447.19 650.33`Description of PropertyThe Company has set up its plant at plot # 61-72, Dhaka Export ProcessingZone (Extn. Area), Savar, Dhaka to run the operations and the Company’spresent registered office is situated at Jabbar Tower, 12th Floor, 42 GulshanAvenue , Gulshan-01, Dhaka-1212.The Company possesses the following fixed assets at written down value asper audited accounts:(Amount in BDT)ParticularsWritten down value as at 31 stDecember 2010Factory office building 103,783,016Plant and machinery 312,179,478Electric equipment 2,262,105Office equipment 13,312,914Furniture & fixture 3,337,844Motor vehicle 1,219,340Total 31 December2010436,094,696Total 30 June 2010 436,129,589Total 31 December2009458,124,6211. All Properties of the Company are mortgaged to the lendingInstitutions namely Prime Bank Ltd.and HSBC Limited. All themachines are purchased in brand new condition.2. Any of the above assets has not been taken on lease basis.3. The factory building is constructed on lease hold land at DEPZ.Material Commitment for Capital ExpenditureThe Company has a commitment on the implementation of software namedSAP ERP with Aspic Consulting Co. Ltd. amounting Tk. 2,741,711.00. Theproceeds from Initial Public Offering will be utilized for expansion of existingestablishment of the company and new project under subsidiary. The detailof the utilization of the fund in this respect is available under the head Useof Proceeds.