Not an expert in accounting. Was going through a Company AR “One Point One Solution” and noted few points which i felt uncomfortable with. Thought to highlight the same.
Companies holding more than 5% share holdings are disclosed. Yes Bank and Pantomath Stock Brokers Pvt Ltd holds around 14%. In fact Pantomath increased their holdings from 1.7% to 9.3% in 1 year.
Looking at the CSR of the company , the company has paid entire CSR to Pantomath Group company. Is it a possibility that part of same CSR funds is again invested in the company by Pantomath through other group company.
Similarly company has huge loan exposure in past year from Yes Bank which again holds a high stake in the company. It seems it is the only banker of the company.
Company has given Loans and Advances to some entity which are not disclosed. The amount of deposit looks high.
Coming to the finance cost , it is shown as a Net off with interest income. Unable to get the details from where they are receiving this interest income as all of the cash is in Current account.
They have computer systems of worth around 35 Cr. Is not that too high for a 40 Cr M-Cap Company.
Also how should one see company not paying the PF , ESIC and Labour Welfare Funds.
Company has 1171 permanent employees and has paid 55 Cr as Salary amounting to 4.7 Lac per employee on average. Read a lot of reviews on employment portals for One Point One Solutions , got a feedback of average salary paid around 1.8 Lac for BPO job. There are around 317 employees on Linkedin that looks fair.
@Yogesh_s You seems to have studied the company in more detail. Do you still track it.