tag:blogger.com,1999:blog-7004453.post214462613366807346..comments2023-09-02T19:53:06.144+05:30Comments on Understanding and applying value investing principles: Financial institutions and riskRohit Chauhanhttp://www.blogger.com/profile/00356455735241398199noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7004453.post-44591144935934810432018-02-22T08:17:46.107+05:302018-02-22T08:17:46.107+05:30All the banks are not showing the actual NPA.I ava...All the banks are not showing the actual NPA.I availed an educational loan in a govt.bank.Due to some dispute with them i have stopped remiting the loan.No one contacted me to remit the amount.After seven years from the date of loan i got a leter from the bank to remit the due of three instalments whereas the actual amount is more than 24 instalments.When i was ready to remit 70% of the loan amount as OTS they siply transferred the loan to RELIANCE ARC for 30%.Already reliance ani ambani is having heavy npa he was allowed to open ARC.i DONT KNOW how?Later i paid the same 70% to reliance ARC.jagannathanhttps://www.blogger.com/profile/11702395974348786399noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-19609327247315524682008-05-18T16:53:00.000+05:302008-05-18T16:53:00.000+05:30hi,its really informative.hi,<BR/>its really informative.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-60873344105573912612007-11-13T14:44:00.000+05:302007-11-13T14:44:00.000+05:30Hi Rohit,My inference is drawn from what I heard o...Hi Rohit,<BR/><BR/>My inference is drawn from what I heard on the call - management said that it is very likely they lose the case. I think in such cases one also pays the deferred interest on such tax liabilities, so one should remove the cumulative interest income on this 100 crore from the date of commencement of case. Of course the management will appeal and it could be another 10 years before they pay anything. <BR/><BR/>Regards,<BR/>GauravGauravhttps://www.blogger.com/profile/08259512251834679825noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-22622150033663044262007-11-13T09:15:00.000+05:302007-11-13T09:15:00.000+05:30Hi gauravthanks for pointing that out. that was sl...Hi gaurav<BR/>thanks for pointing that out. that was sloppy analysis on my part. i checked the 2007 AR and found that the company has a post tax max liability of 100 Crs. However this is the max liability and may not be due immediately. this also assumes that the company will have a 0% success in its appeals. <BR/>With a cash of almost 225 Crs, i would say that it reduces the instrinsic value by 75 Rs/share.<BR/><BR/>regards<BR/>rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-84208664375546709462007-11-13T07:06:00.000+05:302007-11-13T07:06:00.000+05:30Hi Rohit, I was reading your earlier post on VST. ...Hi Rohit, <BR/><BR/>I was reading your earlier post on VST. Of the 200 crore in cash, 100 crore is earmarked for a tax dispute which the company could lose - this is what the management said on an earnings conf call some time back. Once you remove that valuation becomes less attractive.<BR/><BR/>Regards, <BR/>GauravGauravhttps://www.blogger.com/profile/08259512251834679825noreply@blogger.com