I think, this company has huge potential, but them are some points to be noticed.
While going through DRHP, I found out that compant has filed 5 cases, in which case no. MH/26/M/PNE/01529, against Delhi Jal board where it has Rs. 43100000 approx and I think same was falling under 2020-21 accounting year when it sales was approx Rs. 78100000. On the msme website case is still pending, There are 2 cases more with smaller amount.
Yesterday, I mailed to company about the same, for which I received prompt reply from the company side ( Copying and pasting content. )
Dear Sir,
Thank you so much for writing to us. I am really glad to know your interest in TSL.
The case you are referring is still pending & there has been to & for exchange of information as well as a few hearings through MSME and we are awaiting logical conclusion to the case which is surely expected to be in our favour since the work was already done on site and due to certain administrative approvals and protocols.
There are no other cases as such regarding payment from Government or semi governments other than those listed in the DRHP.
As rightly referred by you I had mentioned that TSL is comfortable working with government & semi government organizations since the allotted funds are all paid in time and other than the case referred no other concerns have been ever addressed as such in TSL’s working with government agencies.
TSL has 64 staff members with additional 12 empaneled experts but I am not sure what capacity utilization means in this case.
I hope this shall settle your queries and I shall be glad to be of any further support in case if you wish to connect with Management of the Company.
Thanks & Regards
Vinayak Chindak
Company Secretary and Compliance Officer
Techknowgreen Solutions Limited
Mob No: 9607002553/8888995928
Kindly, note that being a microcap, there is low CFO / PAT ratio, but I think it can be ignored for now.
My views can be biased.
( Words from the management side during IPO. )
SME IPO | Techknowgreen Solutions Ltd | Dr. Ajay Ojha | Dhaval Patel Sanfu Jain
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