(continuation of news of AZIZPIPE): 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 31 December 2013 the cumulative balance of retained earning stands on negative balance amounting to Tk. 434,685,034 and indebted to the extent of Tk. 615,017,986 consisting of loan fund and current liabilities. All these facts indicate significant uncertainty as to the company's ability to repay the liabilities.
2. Cost of Goods Sold (COGS):
The cost of goods sold represents 90.32% of the total turnover, which is the higher side and it was also 90.86% in the last year. (cont.-2)