Rahima Food Corporation Ltd. announcements
247 Dhaka Stock Exchange announcements for Rahima Food Corporation Ltd. (RAHIMAFOOD) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2013 (30).
- The Company will be placed in "Z" category from existing "A" category with effect from December 18, 2013 in accordance w
The Company will be placed in "Z" category from existing "A" category with effect from December 18, 2013 in accordance with the regulation 4 of the Settlement of Stock Exchange Transactions Regulations, 1998 as the Company is not in continuous operation for more than 6 (six) months.
- (Repeat): (Auditor's Observation): The Auditor of the company has given the following observations in the audit report o
(Repeat): (Auditor's Observation): The Auditor of the company has given the following observations in the audit report of the company for the year ended on 30 June 2013: "1.Turnover & Accounts Receivables: About 95% of total turnover during the year are sold to M/s. Mohd. Elias Brothers (Pvt) Ltd. as deferred payment basis. Only due to this reason, an amount of Tk. 977,459,926 has become receivable to the said party. As per management opinion, goods have been sold on deferred payment basis rather than in cash to get better price than normal market price and this was done to avoid substantial loss, which was very inevitable. The transaction have been made through a deed of agreement and secured by un-dated cheque for Tk. 89 crore. (Cont.-1)
- (Continuation of Repeat news of RAHIMAFOOD): As a listed company sales dependability in one party is very much risky and
(Continuation of Repeat news of RAHIMAFOOD): As a listed company sales dependability in one party is very much risky and threat for the Company's viability. In our opinion, management should be aware about this matter and find out the way to mitigate the matter. 2. Utilization of Production Capacity: The production capacity utilization position of the Company is very poor than the standard. Total utilization capacity of the Company is only 19.24% which was 13.04% at previous year. The management of the Company opined that the shortfall was made due to un-favourable price of raw materials in the international market compared to the price of refined edible oil in local market. (Cont.-2)
The first part of this announcement is missing from the archive. - (Continuation of Repeat news of RAHIMAFOOD): In our opinion, production capacity must be utilized at the optimum level t
(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)
The first part of this announcement is missing from the archive. - (Continuation of Repeat news of RAHIMAFOOD): The main reason of the higher COGS is as for the vicious spiral of the dire
(Continuation of Repeat news of RAHIMAFOOD): The main reason of the higher COGS is as for the vicious spiral of the direct materials etc. that is explained by the management. In our opinion, to ensure the steady profit, unit sales price of products should be increased as per affordable market situation. 4. Workers' Profit Participation Fund: The Company's profit has not been distributed to the Workers as per provision of Bangladesh Labour Act, 2006 and constitution of the fund is no as per the ACT. (Cont.-4)
The first part of this announcement is missing from the archive. - (Continuation of Repeat news of RAHIMAFOOD): 5. Financial Expenses: Interest on short term loan for the period from 01-0
(Continuation of Repeat news of RAHIMAFOOD): 5. Financial Expenses: Interest on short term loan for the period from 01-07-2012 to 30-06-2013 amounting to Tk. 148,497,486.00 has been charged against the trade debtor rather than financial expenses as per agreement made with them for their outstanding debt with the company. 6. Cash Flow Statement: Payment to supplier, employees & others under the cash flows from operating activities include interest of Cash Credit (Hypo) and import Loan against PAD. At the same time the net operating cash flow is negative which Tk. (1.29) per share. This also indicates the threat of Going Concern concept". It is also mentionable that NAV per share as on 30.06.2013 is Tk. 4.45 and P/E ratio is 113.06. (end)
The first part of this announcement is missing from the archive. - (Auditor's Observation): The Auditor of the company has given the following observations in the audit report of the comp
(Auditor's Observation): The Auditor of the company has given the following observations in the audit report of the company for the year ended on 30 June 2013: 1.Turnover & Accounts Receivables: About 95% of total turnover during the year are sold to M/s. Mohd. Elias Brothers (Pvt) Ltd. as deferred payment basis. Only due to this reason, an amount of Tk. 977,459,926 has become receivable to the said party. As per management opinion, goods have been sold on deferred payment basis rather than in cash to get better price than normal market price and this was done to avoid substantial loss, which was very inevitable. The transaction have been made through a deed of agreement and secured by un-dated cheque for Tk. 89 crore. (Cont.-1)
- (Continuation of news of RAHIMAFOOD): As a listed company sales dependability in one party is very much risky and threat
(Continuation of news of RAHIMAFOOD): As a listed company sales dependability in one party is very much risky and threat for the Company's viability. In our opinion, management should be aware about this matter and find out the way to mitigate the matter. 2. Utilization of Production Capacity: The production capacity utilization position of the Company is very poor than the standard. Total utilization capacity of the Company is only 19.24% which was 13.04% at previous year. The management of the Company opined that the shortfall was made due to un-favourable price of raw materials in the international market compared to the price of refined edible oil in local market. (Cont.-2)
The first part of this announcement is missing from the archive. - (Continuation of news of RAHIMAFOOD): In our opinion, production capacity must be utilized at the optimum level to stren
(Continuation of 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)
The first part of this announcement is missing from the archive. - (Continuation of news of RAHIMAFOOD): The main reason of the higher COGS is as for the vicious spiral of the direct mate
(Continuation of news of RAHIMAFOOD): The main reason of the higher COGS is as for the vicious spiral of the direct materials etc. that is explained by the management. In our opinion, to ensure the steady profit, unit sales price of products should be increased as per affordable market situation. 4. Workers' Profit Participation Fund: The Company's profit has not been distributed to the Workers as per provision of Bangladesh Labour Act, 2006 and constitution of the fund is no as per the ACT. (Cont.-4)
The first part of this announcement is missing from the archive. - (Continuation of news of RAHIMAFOOD): 5. Financial Expenses: Interest on short term loan for the period from 01-07-2012
(Continuation of news of RAHIMAFOOD): 5. Financial Expenses: Interest on short term loan for the period from 01-07-2012 to 30-06-2013 amounting to Tk. 148,497,486.00 has been charged against the trade debtor rather than financial expenses as per agreement made with them for their outstanding debt with the company. 6. Cash Flow Statement: Payment to supplier, employees & others under the cash flows from operating activities include interest of Cash Credit (Hypo) and import Loan against PAD. At the same time the net operating cash flow is negative which Tk. (1.29) per share. This also indicate the threat of Going Concern concept. (end)
The first part of this announcement is missing from the archive. - Normal trading of the shares of the Company will resume on 01.12.2013 after record date.
Normal trading of the shares of the Company will resume on 01.12.2013 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2013.
Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2013.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 25.11.2013 to 27.11.2013. Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2013.
- (Repeat): Trading of shares of Rahima Food Corporation Ltd. will resume today (21.11.2013). Please note that there will
(Repeat): Trading of shares of Rahima Food Corporation Ltd. will resume today (21.11.2013). Please note that there will be no price limit on the trading of the shares of the Company today (21.11.2013) following its corporate declaration for the year ended on June 30, 2013.
- (Repeat): A team of DSE has visited the factory premises of Rahima Food Corporation Ltd. on October 09, 2013. During the
(Repeat): A team of DSE has visited the factory premises of Rahima Food Corporation Ltd. on October 09, 2013. During the visit, the team has found the following: 1) The production of the Company was found to be fully closed; and 2) The Company has accumulated loss of Tk. (113,425,136) as reported in the third quarterly financial statements for the period ended on March 31, 2013.
- Trading of shares of Rahima Food Corporation Ltd. will resume on 21.11.2013. Please note that there will be no price lim
Trading of shares of Rahima Food Corporation Ltd. will resume on 21.11.2013. Please note that there will be no price limit on the trading of the shares of the Company on 21.11.2013 following its corporate declaration for the year ended on June 30, 2013.
- A team of DSE has visited the factory premises of Rahima Food Corporation Ltd. on October 09, 2013. During the visit, th
A team of DSE has visited the factory premises of Rahima Food Corporation Ltd. on October 09, 2013. During the visit, the team has found the following: 1) The production of the Company was found to be fully closed; and 2) The Company has accumulated loss of Tk. (113,425,136) as reported in the third quarterly financial statements for the period ended on March 31, 2013.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Com
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported net profit/(loss) after tax of Tk. (3.23) million with EPS of Tk. (0.16) as against Tk. 3.36 million and Tk. 0.17 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (124.76) million as on 30.09.2013.
- The Board of Directors has recommended cash dividend @ 10% to the shareholders other than the Sponsor shareholders, Dire
The Board of Directors has recommended cash dividend @ 10% to the shareholders other than the Sponsor shareholders, Directors and Deposed Directors for the year ended on June 30, 2013. The Sponsor shareholders, Directors and Deposed Directors hold 52.99% i.e. 10,597,270 shares of the Company and Public shareholders will get cash dividend of Tk. 9,402,930.00. Date of AGM: 26.12.2013, Time: 10:00 AM, Venue: Factory premises of the Company at Uttar Rupshi, Rupgonj, Narayangonj. Record date: 28.11.2013. The Company has also reported EPS of Tk. 0.52, NAV per share of Tk. 4.45 and NOCFPS of Tk. (1.29) for the year ended on June 30, 2013.
- There will be no price limit on the trading of the shares of the Company today (17.11.2013) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (17.11.2013) following its corporate declaration.
- (Correction): Since trading of shares of Rahima Food Corporation Ltd. has been suspended from September 30, 2013, price
(Correction): Since trading of shares of Rahima Food Corporation Ltd. has been suspended from September 30, 2013, price limit will be opened following its corporate declaration when trading of shares of the Company will be resumed.
- Trading of shares of Rahima Food Corporation Ltd. has been suspended today (September 30, 2013) by DSE Management for un
Trading of shares of Rahima Food Corporation Ltd. has been suspended today (September 30, 2013) by DSE Management for unusual price hike of shares pending investigation.
- The Company has sent the following message to the investors in the capital market: "There is no undisclosed price sensit
The Company has sent the following message to the investors in the capital market: "There is no undisclosed price sensitive information in our Company regarding its any material decision or operation that may cause unusual price hike of the shares of our Company. For awareness of the respective investors in shares in this regard, we have circulated the matter in our website and also in a wide circulated Bangla Newspaper."
- Trading of shares of Rahima Food Corporation Ltd. has been halted for rest of the day by DSE Management for unusual pric
Trading of shares of Rahima Food Corporation Ltd. has been halted for rest of the day by DSE Management for unusual price hike of shares.
- Trading of shares of Rahima Food Corporation Ltd. has been halted for rest of the day by DSE Management for unusual pric
Trading of shares of Rahima Food Corporation Ltd. has been halted for rest of the day by DSE Management for unusual price hike of shares.
- In response to a CSE query dated September 22, 2013, the Company has informed that there is no undisclosed price sensiti
In response to a CSE query dated September 22, 2013, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Com
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Compan
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Company has reported net profit/(loss) after tax of Tk. 0.64 million with EPS of Tk. 0.03 as against Tk. (1.06) million and Tk. (0.05) respectively for the same period of the previous year. Whereas net profit after tax was Tk. 7.80 million with EPS of Tk. 0.39 for the period of nine months (July'12 to March'13) ended on 31.03.2013 as against Tk. 9.19 million and Tk. 0.46 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (113.43) million as on 31.03.2013.
- (H/Y): As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported net profit
(H/Y): As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported net profit after tax of Tk. 7.16 million with EPS of Tk. 0.36 as against Tk. 10.26 million and Tk. 0.51 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 3.81 million with EPS of Tk. 0.19 for the period of 3 months (Oct'12 to Dec'12) ended on 31.12.2012 as against Tk. 5.27 million and Tk. 0.26 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (114.06) million as on 31.12.2012.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.