The Compliance Officer , / Company Secretary
Re : Annual Report 2016-1- Questions From Shareholders
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Previous / old 11/09/2017 dt. Message
COPY
To ,
The Compliance Officer,
Shervani Industrial Syndicate Ltd.,
Allahabad
Dear Sir ,
Re. Annual Report 2016 -17 - Clarifications
We , respectfully , state
We hold shares in a/c no. IN
1 )
Page 7 -Annual Report 2016-17
Profits, according to the Report there is EPS of Rs.46
But under the next Heading Dividend ,
Shervani Industrial states " DUE TO INADEQUACY OF PROFITS ----- NO DIVIDEND
Please explain how are Profits inadequate when in earlier years our Company declared dividends on much smaller profits.
2 )
What are the provisions of the Company Law , 2013 , mentioned here ( Page 7 ) in the Report because of which our Company cannot declared a dividend.?
3 )
Shervani Industrial Syndicate ( earlier Geep ) is following very strange accounting practices.
It may be to understate the massive profits Shervani Industrial is making.
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The basic fundamental of accounts is that Profits = Sales Minus Expenditure.
After Profits have been worked out the one of the Items for RETAINED PROFITS may be " Increase in Inventories "
It may be to understate the massive profits Shervani Industrial is making.
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The basic fundamental of accounts is that Profits = Sales Minus Expenditure.
After Profits have been worked out the one of the Items for RETAINED PROFITS may be " Increase in Inventories "
Please explain how in Accounts Item " Increase in Inventories " can be treated as a legitimate Expense
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Please reply within the time stipulated.
With regards ,
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blog
please , also , click
http://www.rareindianshares.info/2017/09/shervani-industrial-strange-accounting.html
http://www.rareindianshares.info/2017/09/shervani-industrial-strange-accounting.html
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69 th AGM on 28/09/2017, 11:30 am , at Allahabad. Shareholders , please attend.
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Important Disclaimer : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
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Important Disclaimer : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
WE MAY BE WRONG
We Welcome Corrections / Comments from Readers and Accounting Experts
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General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer
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