I am new to NGL Fine Chem and i just started below are somethings which i want to understand.
Below is my notes from AR2018.
Promoters take 2.6 Crores in remuneration(Related Party Transactions Page 60) and profit after taxes is 12.59 Crores(Page 33) which is almost 20% of profits?
Nupur Remedies (a promoter company) draws 1.3 Crore on rent, Legal & Professional fees and Laboratory Contracts and others.
Below is from page 12:
If any company writes lease/services/Management of Consulting they are generally written on a 2+2, 3+3 or 5 year contracts, why do they write contracts for 9 months?
Other Minor things however they are smaller by number:
Depreciation Accounting/Asset Purchases …
There is a depreciation on free hold land?
Even though there is depreciation I think … it a little aggressive.
Repairs to Buildings and Plant it is almost 40 lakhs this year and last year. However if you cross check with page 46 Property, Plants and Equipment. They don’t match with additions why?
May be i am looking at things wrongly… let me know your thoughts.