Hi,
This is the update I received from the Arrow Coated Products Meltz Team.
I think its very important development going forward.
[Information from the Meltz Team Facebook page : LINK HERE]
Earlier Posting in Arrow Coated Products
1. Last result update
2. Arrow-coated-product-update-based-on-shp.html
3. Arrow-coated-products-update-based-on-ar.html
4. SIP - Sep -2014
5. SIP - July - 2014
6. SIP - Jun -2014
Happy investing All!
This is the update I received from the Arrow Coated Products Meltz Team.
I think its very important development going forward.
[Information from the Meltz Team Facebook page : LINK HERE]
Earlier Posting in Arrow Coated Products
1. Last result update
2. Arrow-coated-product-update-based-on-shp.html
3. Arrow-coated-products-update-based-on-ar.html
4. SIP - Sep -2014
5. SIP - July - 2014
6. SIP - Jun -2014
Happy investing All!
Arrow Coated Products ties up with Tsukioka Film Pharma
ReplyDeletehttp://www.pharmabiz.com/NewsDetails.aspx?aid=80994&sid=2
Hi MVP,
ReplyDeleteIs the market pricing in launch of these new products or there are other triggers for this stock? I mean we can't be sure that these new product launches would be successful.
Hi Sameer,
DeleteFirst of all Arrow is not a single vertical player by these initiatives.
These products may be considered under FMCG area.
But they are already in atleast two other majr areas (I mean revenue generating)
1. In water soluble films
2. Patent revenues
Along with these they had tied up with two major companies for the following area
1. Pharma MMS delivery with Tsukioka Film Pharma Co. Ltd (Japan)
2. Security - with Trace Tag International Ltd (UK)
So a minimum of 5 verticals are there.
S-I-P update please
ReplyDeleteHi.. Due to the SEBI restriction (may be delayed by 6 month , but can give only 6 more SIP info), so there is difficulty in following the present day SIP way, and I am planning to introduce a better system of SIP method.. will be updated as a post in coming weeks.
Deletergds.
Arrow Coated - any comments on the below observation in a blog :
ReplyDeleteThis note by Auditors in AR-2013 bears closer scrutiny.
Basis for Qualified Opinion :
a) The company has not made provisions for overdue debts aggregating to Rs. 13720.57 (‘000) and advances aggregating to Rs 31500.92(‘000).Had this observation made by us been considered Loss after Tax would have been Rs. 28459.05(‘000) ( as against the reported figure of Profit of Rs.16322.44 (‘000)); reserves and surplus would have been surplus of Rs. 1316.90(‘00 0) ( as against the reported figure of surplus of Rs. 46098.40 (‘000)):trade receivable would have been Rs. 17755.23 (‘000) ( as against the reported figure of Rs. 31475.80 (‘000)): long term loans and advances would have been Rs.28449.01 (‘000) (as against reported figure of Rs 59949.93 (‘000)),
b) As more fully explained in note 41 to the financial statements the Company has not complied with Accounting Standard 24 Discontinuing Operations.
Some of investors lost more than 35 times bagger(was around rs 10) due to this comment . Most of time over cautions save you but some time you loss the opportunity .
DeleteThese investors has seen above mentioned comments but not seen following managements comments in annual report "Regarding over due debts aggregating Rs. 137.20 Lacs and advances aggregating Rs. 315.01 Lacs, the Company is hopeful of total realisation and hence no provision for the same is made." and that was the case . Next year They had recovered some of the advances amount and mentioned "Regarding over due advances aggregating 20616.610('000) Lacs, the Company is hopeful of total realisation and hence no provision for the same is made."
Kindly give your views on the following news of ACP in BSE site :
ReplyDelete1. Increasing the borrowing limits
2. Listing of Company's Shares on The National Stock Exchange of India Limited (NSE)
3. Exclusive Supply Agreement with Careli, Spain.
Regards, Ravi
Plz find the next arrow coated products
ReplyDelete