Whalesbook
Auditors ne seedha bol diya hai ki Simplex Papers ke future par bahut bada sawaal hai. Unhone 'going concern' warning di hai, jo ki bahut serious baat hai, matlab company future mein operate kar payegi ya nahi, ispe doubt hai.
Is fiscal year ke liye results toh dil ko daba dene wale hain. Company ne total standalone income sirf ₹0.08 lakh kamayi hai, jo pichle saal ke ₹1.31 lakh se 93.89% kam hai. Standalone expenses ₹11.46 lakh rahe, jiske baad net loss ₹11.38 lakh raha aur EPS bhi negative ₹(37.92) gaya.
Q4 mein bhi haalat kharab thi, zero income aur ₹2.45 lakh ka loss, jisse EPS ₹(8.18) ho gaya.
Ab auditors ki warning ka reason kya hai? Company ka standalone net worth poori tarah khatam ho gaya hai aur ab negative ₹1,216.85 lakh (yaani ₹12.17 Crore) hai. Iska matlab hai ki company par liabilities uske assets se bahut zyada hain.
Aur paiso ki baat karein toh, company par borrowing ₹1,248.26 lakh (yaani ₹12.48 Crore) hai. Yeh sab cheezein milakar auditors ko lagta hai ki company chalna mushkil hoga.
Yeh koi nayi baat nahi hai, company kai saalon se losses aur debt se pareshan hai. Shareholder ke liye toh yeh situation bahut risky hai, unke paise ka kya hoga, yeh kehna mushkil hai.
Bade paper companies jaise JK Paper ya Trident ke comparison mein Simplex ki haalat bahut zyada kharab lag rahi hai.
Aage kya dekhna hai? Management kya plan batati hai, debt kaise clear hoga, ya company koi asset bechegi kya. Share market mein bhi ispe nazar rahegi.