AR:-
1. Contingent Liability and Asset
2. Related Party Transaction[Corporate Guarantee , JV Loan]
3. Gross Property & Plant,Equipment addition[i.e. Gross Asset addition] should match cash outflow for capex addition [i.e. Capex]
4.Subsidiary Earning and Expense.
5. Tangible and Intangible gross block
6. Cash Flow Purchase of Fixed Asset
7. Other Income
8. Check if the increase in fixed asset [From Asset section in BS] and Puchase & Sales of Fixed Asset[From CFI section in BS ] is matching or not.
9. Check Depreciation.
10. whatever capex (cash outflow in capex) granules did in fy13-15 (520 cr or 89 mn $) , plus $1.5mn (90-100 cr ) related party loan (which infact is a corporate guarantee on a loan that jv company has taken, so its just a guarantee by granules india, not a loan.
11. any intangibles (which again is recognised for auctus pharma acquisition) is all fraud and they all are equal to additional sales figure from fy13-15. So by that thesis, Auctus is only on paper, So basically kee kaa is saying Granules took money from bank for capex n all, did only thoda capex, and rest all is money going out from granules and coming back in the form of additional sales.
[based on tunnelling analysis, the cash outflows from related party loans or related-party investments/capex are re-routedback to the listed company to artificially inflate sales]
12. There must not be ample amount of cash in the account book of the company while they are still paying Debt.
13.
1)Purchase of fixed assets is 11,644.61 lakhs
2 )Addition to gross tangible assets is 3,377.15 lakhs
3) Change in capital work in progress over the previous year is 10,880.24 - 2,929.63 = 7950.61 lakhs
2+ 3 comes up to 11327.76 lakhs which is almost equal to 1.
QR:-
1. RM to Sales Ratio
2. Sales Growth
3. Pledging of Shares by the promoters
4. Equity Dilution [FCCB or Convertible Warrant etc]
http://www.drvijaymalik.com/2015/08/7-signs-to-tell-whether-company-is-cooking-books.html
http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-4/
https://fundooprofessor.wordpress.com/2011/04/24/vantage_point/
1. Contingent Liability and Asset
2. Related Party Transaction[Corporate Guarantee , JV Loan]
3. Gross Property & Plant,Equipment addition[i.e. Gross Asset addition] should match cash outflow for capex addition [i.e. Capex]
4.Subsidiary Earning and Expense.
5. Tangible and Intangible gross block
6. Cash Flow Purchase of Fixed Asset
7. Other Income
8. Check if the increase in fixed asset [From Asset section in BS] and Puchase & Sales of Fixed Asset[From CFI section in BS ] is matching or not.
9. Check Depreciation.
10. whatever capex (cash outflow in capex) granules did in fy13-15 (520 cr or 89 mn $) , plus $1.5mn (90-100 cr ) related party loan (which infact is a corporate guarantee on a loan that jv company has taken, so its just a guarantee by granules india, not a loan.
11. any intangibles (which again is recognised for auctus pharma acquisition) is all fraud and they all are equal to additional sales figure from fy13-15. So by that thesis, Auctus is only on paper, So basically kee kaa is saying Granules took money from bank for capex n all, did only thoda capex, and rest all is money going out from granules and coming back in the form of additional sales.
[based on tunnelling analysis, the cash outflows from related party loans or related-party investments/capex are re-routedback to the listed company to artificially inflate sales]
12. There must not be ample amount of cash in the account book of the company while they are still paying Debt.
13.
1)Purchase of fixed assets is 11,644.61 lakhs
2 )Addition to gross tangible assets is 3,377.15 lakhs
3) Change in capital work in progress over the previous year is 10,880.24 - 2,929.63 = 7950.61 lakhs
2+ 3 comes up to 11327.76 lakhs which is almost equal to 1.
QR:-
1. RM to Sales Ratio
2. Sales Growth
3. Pledging of Shares by the promoters
4. Equity Dilution [FCCB or Convertible Warrant etc]
http://www.drvijaymalik.com/2015/08/7-signs-to-tell-whether-company-is-cooking-books.html
http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-4/
https://fundooprofessor.wordpress.com/2011/04/24/vantage_point/
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