I have some questions about MK Exim.
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What was the management change & the reasons behind it? Why did old ones quit? Did the next generation take over or some other people came in?
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Why is the company sailing on 2 boats? Textiles & FMCG. What is the correlation between them if any? Is there any kind of help that these 2 ventures are generating for each other?
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Is there any competitive advantage that the company has in either of its business segments FMCG or textiles? On their website they mention that their textile business has a “niche”, what is that?
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And the biggest one. There is a huge amount of related party transactions in the company’s books. 2 companies Manish Overseas & Laaj Internationals which are owned by the promoters of the company have been purchasing goods from the company & the percentage of that to total sales is pretty high. Any justifications to that for why it is being done?
Looking for your response, thanks in advance.
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