Antony Result discloses perils of having Govt as sole customer .
Collapse of margin why because responsible authority is absent …
The problem does not stop there the new chap does not approve what old employee had approved leading to disputes that remain unresolved for ages
The receivables keep on increasing YOY at level equivalent to annual profits … making you doubt if profits are for real … That is what auditors are saying now …
So what should management do // Recognise profits/ sales when money has been received and not what it may receive …
Rest is unbilled receivables …
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