Corporate DisclosureRAHIMAFOOD

RAHIMAFOOD Corporate Disclosure — 9 December 2013

Published
Last verified by BullBD

Announcement summary

What happened
RAHIMAFOOD published a corporate disclosure on 9 December 2013. Read the full announcement for details.
Company
Rahima Food Corporation Limited
Announcement published

Original announcement

(Continuation of Repeat news of RAHIMAFOOD): In our opinion, production capacity must be utilized at the optimum level to strengthen the financial position of the Company. Further, it is mentioned that as of 30 June, 2013 the cumulative balance of retained earning stands on negative balance amounting to TK. 112,132,777 and indebted to the extent of TK. 942,883,261 consisting of short term bank loan. All these facts indicate significant uncertainty as to the Company's ability to repay the liabilities. 3. Cost of Goods Sold (COGS): The Cost of Goods Sold represents 98.14% of the total turnover, which is the higher side and it was also 97.53% in the last year. (Cont.-3)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616acf6b5a6b000040066f94
Original publication
Last verified by BullBD
Translation
BullBD
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