Thanks for sharing AR 2017. I joined this forum few months before and raised one query on this thread before. It will be helpful if you can share your views on below queries.
1- In AR 2017, there is an increase of 155 crore in ‘due from others’. No details are given on the kind of transaction. Is Binny paying to JV ?
2- In AR 2017, short term loans and advances, another 10 crore paid for windmill. As per my understanding the transaction with Mohan Breweries and Distilleries Ltd for purchase of windmill is cancelled and an amount of 60 crore is pending from them which was given as advance. Is the 10 crore for setting up a green field project? Also note there is an addition of 21 crore in long term loan and advances for Land Purchase.
3- This question I have asked here before. There is an amount of 383 crore with Mohan Breweries which was given for purchase of land /windmill and the same was cancelled later. Nearly 20-40 crore added every year as NCD interest towards Mohan Breweries when 383 is pending from them. Interest is added in contingent liabilities side.
Other notable difference I saw is the statement ‘ The JDA Partner has obtained No Objection Certificates (NOCs) from various Government Authorities and has applied to CMDA for plan approval to commence Construction’. As per AR 2016, they were waiting for NOC.
Discl : Holding shares @130 level, booked partial profit at higher level. Adding around current level and below.