So I downloaded the financials of RNSE-Tronics Pvt Ltd from MCA via Tofler. This is the same promoter owned company which supplied components to DCX. Here are my findings.
76% of the shares of this company are owned by the MD.
Margins are not that great. It made a profit of Rs 8.8 Crores on a revenue of Rs 754 crores.
However it does not have any borrowings, meaning payments are made swiftly by DCX.
It has a given a loan of Rs 7.6 crores to the MD pf DCX.
Apart from the loan of 7.6 Cr I do not see any red flag. I fail to understand why the majority of components are sourced from this company.
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