Latest annual report is full of rules compliance and financial data, to be honest these were the only two things i could find and both mean nothing, both can be easily fudged. No plan, nothing has been discussed. No market data, no info about business environment, no info about how r they collecting data, clients (mentioned) but basically leads to nothing, just seems like namedropping, so, nothing. Investing in it seems a lot more risky than investing in lottery. Although no one should be judged by a simple pic but the head is giving crook vibes. On top of that as someone had pointed out earlier as well that what is inventory doing in this business? Goodwill was also there in books, around 8 crore. Equity capital is around 40 crore and 8 crore is goodwill on books. A lot of receivables. They somewhere mentioned that they have started providing services to PAN card issuing authorities but beyond that nothing. Wherever this company is going, i will walk in opposite direction, so that distance between us can be as maximum as possible.
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