(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)