Corporate DisclosureINTECH

INTECH Corporate Disclosure — 1 June 2014

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Last verified by BullBD

Announcement summary

What happened
INTECH published a corporate disclosure on 1 June 2014. Read the full announcement for details.
Company
Intech Limited
Announcement published

Original announcement

(Basis for Qualified Opinion): The auditor of the company has given the following Basis for Qualified Opinion in the audit report of the company for the year ended on 31 December 2013: "Basis for Qualified Opinion" 1.0 The company has recognised "revenue from operations" amounting to Tk. 33,642,462 which represents revenue from related parties as in Note-2.13. No amount was recovered from Trade Receivables so created. The balance of Trade Receivables stood at Tk. 69,593,867 as on 31 December 2013 as against Tk. 29,850,334 as on 31 December 2012. Therefore, the capability to run the company as going concern is dependent on realization of these Trade Receivables. (Cont.-1)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616acf6b5a6b000040065f73
Original publication
Last verified by BullBD
Translation
BullBD
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