Corporate DisclosureRAHIMAFOOD
RAHIMAFOOD Corporate Disclosure — 9 December 2013
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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