Thank you, Rinku, for your input. Appreciate!
I have a few observations about this company as a part of the Thesis (It does not give buy or sell recommendations though)
- Increasing Receivables>Increasing sales - did not pass
- Miscellaneous Expenses > Volatile and high in the recent past.
- Contingent Liability is 4.23 Cr. For FY2010-11 VAT
- As per the Auditor, “according to the information and explanations given to us, following are the disputes”
-
Dispute Amount - Income-tax Act, 1961, 1944 - 1.03Cr (Amount) - dispute pending at Jurisdictional A.O Vadodara Gujarat .
-VAT- 4.23Cr (Amount) - dispute pending at VAT Tribunal, Ahmedabad.
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