Ladies & gentlemen. Today I present to you a crash course on writing fiction with finance with a live case study of $Rajesh Exports Ltd
So grab a cup of coffee and pay full attention!
> FY21 consol sales was 2.58 lakh cr (you read it right!)
However,
> Standalone sales was only 2k cr & balance is in foreign subsidiaries.
> Co is audited by a Sole Proprietorship Firm (yes you read it right again!). However, the subsidiaries are not audited by the auditor & is relied upon based on board approved financials (yes they are not audited by any auditor). The statutory auditor does not audit any other listed co.
> Co has a single banker - Canara Bank
> Last 5 years cumulative cash from operations is 'negative" 4600 cr
> MD & CEO are drawing salary of 1.19 lakh p.a. each & CFO & CS are drawing salary of 4.2 lakh p.a. each (yes you read it right again!)
> Co has only 181 employees.
> CSR obligation was 9.26 cr against which co spent 13 lakhs.
What am I missing?
So grab a cup of coffee and pay full attention!
> FY21 consol sales was 2.58 lakh cr (you read it right!)
However,
> Standalone sales was only 2k cr & balance is in foreign subsidiaries.
> Co is audited by a Sole Proprietorship Firm (yes you read it right again!). However, the subsidiaries are not audited by the auditor & is relied upon based on board approved financials (yes they are not audited by any auditor). The statutory auditor does not audit any other listed co.
> Co has a single banker - Canara Bank
> Last 5 years cumulative cash from operations is 'negative" 4600 cr
> MD & CEO are drawing salary of 1.19 lakh p.a. each & CFO & CS are drawing salary of 4.2 lakh p.a. each (yes you read it right again!)
> Co has only 181 employees.
> CSR obligation was 9.26 cr against which co spent 13 lakhs.
What am I missing?