Source: DRHP Filings of A1-Acid Ltd
Amusing to see that the Company coming for an IPO has only 8 employees and that too casual and temporary in nature.
Interesting to see that 2/3rds of the Salary cost is for Director’s remuneration
Employees may be casual and temporary but Director’s Salaries aren’t !
Source: Aswath Damodaran
Some stuff I am reading today morning:
CreditAccess Grameen to list today (MC)
Recent Rally- Sensex Vs Broader Market (Armchair Investing)
Saudi Arabia denies reports of scrapping Aramco IPO (CNBC)
SEBI should break its silence on NSE (Mint)
Only 25 Cr of illegal profit in co-location scam (BQ)
Why IDBI Bank will find recovery an uphill task (Rediff)
Bagrrys: Cereal Killer (Forbes)
Presentation: Changing dynamics of Chemical Industry (Value Pickr)
Buffett on Acquisitions (AM)
The privatization of Tesla (Aswath Damodaran)
Merino Industries is India’s largest laminates brand.
It’s latest Annual Report can be obtained from here.
It’s valuations are much cheaper than listed players like Greenlam,Stylam etc
A very limited quantity of its shares are on offer for sale.
For those interested,please email me at Alpha Ideas