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• That neither me, nor the Managing Director took even one
rupee / dollar from the company and have benefitted in
financial terms on account of the inflated results.
• Non of the investors & fund managers were aware of the bid.
Violation of the Companies Act
• Violation of Section 372A of Companies Act.
-Acquiring shares in another corporate for an amount not
exceeding 60% of the acquiring company’s share capital &
free reserves.
-Passing resolution through a postal ballot & giving advance
intimation to the RoC (Hyderabad)
8. January 6: Raju family holding in Satyam falls to 3.16 per cent after
sale of pledged share by lenders
• The realty sector, with its complex land bank valuations had
been the worst hit.
LIABILITIES NO ACCURRED
INTEREST
376 Cr
REVENUE 2700
UNDERSTATED
OPERATING 690
LIABILITY 1230 Cr
MARGIN
ARTIFICIALLY ADDED 588 which is arranged
OPERATING PROFIT ADDED by Mr.Raju
588
INCREASING THE CASH
5040+376+1230+
RESERVE ONLY FOR Q2 ALONE 490= 7136
TO 588
ACTUAL OPERATING MARGIN 61 Cr (
CREATED AN ARTIFICIAL REVENUE OF 588)
Operating Profit
800
Operatin Profit ( IN
648.61 649.27
CRORES)
600
545.49
468.72
400 401.61
200
0
Sep '07 Dec '07 Mar '08 Jun '08 Sep '08
= 8788.2 = 2882.2
1603.07 2833.07
= 5.48 : 1 = 1.01 : 1
= 5854.8 = 814.8
1603.7 2833.07
= 3.65 : 1 = 0.28 : 1
RATIO ANALYSIS (cont…)
OPERATING PROFIT RATIO : OPERATING PROFIT / SALES X 100
JAN 7
IMPACT ON STOCK MATKET:
+
ABOUT TECH MAHINDRA
• IMPACT ON IT INDUSTRIES:
It greatly affected the Indian IT sector.
The impact is short-term.
The bluest of blue-chip reputations [such as] Infosys and TCS"
could actually gain in the current environment, because of a
potential "flight to quality" among client companies. The
third-tier and weaker companies will probably undergo a lot
more.