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Posts in category All News
Emerging markets portfolio: Net inflow into India-focussed funds slumps (28-08-2015)
![](http://10.0.1.104:85/_media/iifl/img/article/2015-07/02/full/1435808055-7899.jpg)
NGL Fine Chem-Re Rating Possible? (28-08-2015)
In short, is it good rating to have it or it is ok ok kind ?
Granules India Ltd (28-08-2015)
Point 4 was asked by many a shareholder in the AGM (but when it came to voting, there was still a majority which okayed it). Many shareholders were asking whether the same 30% off-paying only 25% feature will be applicable to minority holders as well ? The reply was 'all these aspirations will be taken up at board level' and that is where it quietly got closed out.
PS- invested
Hindistan Media Ventures Limted (HMVL): A mispriced bet in newspaper business (28-08-2015)
Hi Rohit,
My question is is there any way to make sure other than trusting management to know if the 325Cr cash which have been invested in Mutual funds is for real?
Wall Street opens lower after two-day rally (28-08-2015)
Adi Finechem- A good business or business having a good time? (28-08-2015)
The issue is not with Crude but their Vitamin E market which I think has been discussed fairly extensively in the post. If that market/ realization picks up then things would be better for them. The management have been evasive on what's happening in that market.
Crude is not the issue for them.
Kesar Terminals and Infrastructure Ltd (28-08-2015)
latest annual report is available. linke for the same here: http://www.kesarinfra.com/pdf/Kesar%20Terminals%20AR%202015.pdf
few salient features:
management says kesar multimodal logistics is still not operational as some clearances are awaited.
Long term borrowings are now Rs 89 cr. Of this Rs 11 cr for the terminal business and Rs 75.44 cr for the KMML business. The latter is a project loan. "(Rate of Interest is in the range of 11.00 % to 13.25% p.a.{Previous year 10.95% to 13.45% p.a.}) Term Loans are repayable in 16 to 28 quarterly equal installment starting after the moratorium period ranging from two to three years from the date of first disbursement of the respective loans"
from the management discussion and analysis:
"Challenges faced in Bulk Liquid handling at Indian Ports are:Capacity constraints, lack of adequate infrastructure at Ports is a critical challenge faced in liquid bulk handling industry. Liquid bulk capacity utilization at Indian ports stands at 90-95%, much higher compared to international average of 70-75% which is considered to be ideal. This results in higher turnaround times and longer waiting period for berthing leading to port congestion. The major ports across upper west coast (Kandla, Mumbai and JNPT) account for almost 50% of liquid bulk handled at major ports with capacity utilization more than 95%."
"The Central Government is taking a number of progressive steps which would promote the growth of Indian liquid bulk industry. As a first step, it has deregulated the diesel prices. This would encourage private players to explore downstream distribution creating opportunities for storage providers. Currently, the Company’s 2 Bulk Liquid Chemical Terminals at Kandla, Gujarat operates at a combined capacity of 127,000 Kilo Litres (KL) at with a total of 64 tanks including specialized tanks, such as stainless steel tanks, tanks equipped with heating and insulation facilities and coated tanks which stores speciality products. The Company is awaiting requisite approvals from concerned authorities to add further capacity of 7000 KL at its Terminal 1, Kandla. The Company plans to convert certain Mild Steel (MS) Tanks to Stainless Steel (SS) based upon demand from its customers which shall contribute additional revenues. The Company has converted one MS Tank to MS Heat traced special tank on a specific requirement of a customer"
views invited.
disclosure: holding and views may be considered biased
BJP top brass in Gujarat plan damage control (28-08-2015)
Hindistan Media Ventures Limted (HMVL): A mispriced bet in newspaper business (28-08-2015)
What's the questions exactly here?