I appreciate the logical way though which you saw the traded goods being significant and checked the shipping bill details. The indicator for the same gimmick are the small font,without coma used for the line item " purchase of stock in trade" as compared to the cost of material consumed and the ratio of inventory to receivables. For this company it is close to 1.5 for LT Foods it is about 4.3 and for KRBL it is around 6. The other interpretation could be it could be trading, but since the shipping bill says a different story, even if it is to a small degree, it shown deceiving traits.
Posts tagged All News
The suicidal potato economy of West Bengal (17-09-2015)
The truth about spectrum shortage in India (17-09-2015)
How working How working women are taking charge of their money (17-09-2015)
Vistara might cut business-class seats (17-09-2015)
Gold imports may rise to $37 billion this year (17-09-2015)
Gourmet food tech startup Bueno raises $600k in pre-series A funding (17-09-2015)
Govt will ‘put to sleep’ pending tax disputes: FM (17-09-2015)
Muthoot Finance: Undervalued quality stock on a turnaround? (17-09-2015)
Everyone is jumping into affordable housing finance.
Muthoot has set up a new subsidiary for this. Muthoot has infused 50 crores as equity capital into this subsidiary. This is a small commitment so far (and looks like a long-term plan).....
I will be curious to know how Muthoot goes about this.
Will these housing loans be given against gold as collateral
What will be the average ticket size
What will be the average tenure of these loans (3 years vs. 10 years vs 15 years)
Will they pilot this in some states first? which states
No clarity on any of these so far.
Nevertheless, I think the major focus of the management would be their Sri Lankan gold finance subsidiary, and on expanding gold loans into Eastern and Western parts of India (where they have lesser presence).....