Unicap Modaraba : Transmission of Quarterly Report for the Period Ended March 31, 2022

www.unicapmodaraba.com

DIRECTOR'S REPORT

Dear Certificate holders,

The Board of Directors of UNICAP Modaraba (UCAPM) take pleasure in presenting the 3rd Quarterly Financial Statements of the Modaraba for the nine months ended March 31, 2022.

During the nine months under review the Modaraba has made a significant progress towards profitability by reducing its operations and administrative costs compared to same period last year.

The Modaraba continues its strategy of business growth by booking of fresh assets and development of new products and services in future.

The Board is grateful for the continuous guidance and support of the Sponsors of the company, who are committed for its revival with their own Private Money. The Board also acknowledges the patronage of certificate holders of the Modaraba for their continued trust and support.

Recently the management under the supervision and directions of Board of Directors worked hard to redress PSX non-compliances which resultantly shifted the Modaraba from Defaulters' Segment to Regular Counter

The enclosed financial statements depict that the planning and effective strategies of Map Out Management Company (Private) Limited (Managers of UNICAP Modaraba) to revive the Modaraba and to make it an active business concern are going in the right direction.

On Behalf of the Board of Directors

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_________________

Director

28 April 2022

Lahore

BALANCE SHEET (UN-AUDITED)

AS AT MARCH 31, 2022

		March 31		March 31
		2022	2021
Notes	Rupees		Rupees
ASSETS
Property & Equipment	88,093		121,893
Cash In Hand	37,236		46,206
Other receivable	-		-
Prepaid Insurance/ Advance Tax	88,816		88,297
Investments - Stock In Trade	56,900,000		55,000,000
		57,114,145	55,256,396
LIABILITIES
Accrued and other liabilities	1,297,242		967,242
Long term security deposit	-		-
Payable to management company	1,200,000		24,896,593
Provision for taxation	901,489		901,489
		3,398,731	26,765,324
		53,715,414	28,491,072
REPRESENTED BY:
CERTIFICATE CAPITAL
Authorized
24,000,000 Modaraba Certificates of Rs.10/- each	240,000,000	240,000,000
Issued, subscribed and paid-up certificates	236,400,000	236,400,000
Discount on Issuance of Shares	(50,000,000)	(50,000,000)
Share Deposit Money	25,421,593	-
RESERVES
Statutory reserve	8,738,973	8,738,973
Accumulated losses	(166,845,152)	(166,647,901)
CONTINGENCIES
		53,715,414	28,491,072
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CHIEF EXECUTIVE		DIRECTOR

PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2022

	3RD Quarter		Quarter Ended
	March 31		March 31		March 31		March 31
	2022	2021	2022	2021
Notes - - - - - - - - - - - - - - - - - - - Rupees - - - - - - - - - - - - - - - - - -
Ijarah Rental Income	-		-		-		-
Financial Advisory	-		-		-		-
Un-realized Gain on Investment	-		-		-		-
Gain on Sale of Fixed Assets	-		-		-		-
Reversal of Mark-up	-		-		-		-
Profit on Bank Account	-		-		-		-
	-	-	-	-
Expense
Administrative Expenses	1,478,676		1,640,118		452,018		727,386
Impairment in Value of Investment			-				-
	1,478,676	1,640,118	452,018	727,386
Profit (Loss) before Management Fee	(1,478,676)	(1,640,118)	(452,018)	(955,577)
Modaraba Company's Management Fee	-		-				-
Profit (Loss) before Taxation	(1,478,676)	(1,640,118)	(452,018)	(727,386)
Taxation		-	-	-
Profit (Loss) after Taxation	(1,478,676)	(1,640,118)		(452,018)		(727,386)
Earning per Certificate	(0.062)	(0.069)	(0.019)	(0.030)
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CHIEF EXECUTIVE					DIRECTOR

STATEMENT OF COMPREHENSIVE INCOME(UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2022

		3RD Quarter			Quarter Ended
		March 31		March 31			March 31		March 31
	2022	2021	2022	2021
		- - - - - - - - - - -	- - - - - - - - Rupees - - - - - -	- -	- - - - - - - -
	Notes			-
Profit (Loss) after Taxation	(1,478,676)	(1,640,118)	(452,018)	(727,386)
Other Comprehensive income /(loss)	-	-	-	-
Total Comprehensive income /(loss)	(1,478,676)	(1,640,118)	(452,018)	(727,386)

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CHIEF EXECUTIVE	DIRECTOR