Scribd Logo
Загрузить

Добро пожаловать в Scribd!

  • Blitzkrieg: Submitted by

    Загружено:

    raje.jk
    713 просмотров12 страниц
    Operating profits were artificially boosted from the actual Rs 61 crore to Rs 649 crore. Rs 490 of this artificially inflated Rs. 588 crore was added to receivables as conceded by Mr.Raju. Remaining Rs. Crore appears to be a part of the Rs.5040 crore cash hole in the b / S Satyam also showed an interest earnings of Rs 376 crore that was fictitious.

    Исходное описание:

    Оригинальное название

    Satyam New

    Авторское право

    © Attribution Non-Commercial (BY-NC)

    Доступные форматы

    PPT или читайте онлайн в Scribd

    Этот документ был вам полезен?

    Это неприемлемый материал?

    Пожаловаться на этот документ
    Operating profits were artificially boosted from the actual Rs 61 crore to Rs 649 crore. Rs 490 of this artificially inflated Rs. 588 crore was added to receivables as conceded by Mr.Raju. Remaining Rs. Crore appears to be a part of the Rs.5040 crore cash hole in the b / S Satyam also showed an interest earnings of Rs 376 crore that was fictitious.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    713 просмотров12 страниц

    Blitzkrieg: Submitted by

    Загружено:

    raje.jk
    Operating profits were artificially boosted from the actual Rs 61 crore to Rs 649 crore. Rs 490 of this artificially inflated Rs. 588 crore was added to receivables as conceded by Mr.Raju. Remaining Rs. Crore appears to be a part of the Rs.5040 crore cash hole in the b / S Satyam also showed an interest earnings of Rs 376 crore that was fictitious.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 12

    BLITZKRIEG

    SUBMITTED BY
    SELVI.S
    KRISHNAVENI.A
    RAJESWARI. K
    DINESH KUMAR.M
    MAHESH KUMAR.R
    KARTHICK.R
    FINANCIAL
    SHENANIGANS
    SHAREHOLDER CURRENT
    S EQUITY ASSESTS
    Capital +profit

    BALANCE
    SHEET
    FIXED ASSETS
    CURRENT
    LIABILITY
    FIXED CURRENT
    LIABILITY ASSESTS
    Capital +profit
    •CASH BALANCE

    •SUNDRY
    DEBTORS
    BALANCE • ACURRED
    SHEET CURRENT
    INTEREST

    LIABILITY

    UNDERSTATED
    LIABILITY FIXED ASSETS

    EMPLOYEES
    5300 but only 5000
    employees were
    there
    WHAT WENT WRONG?
    • Simple manipulation of revenues and
    earnings to show superior performance
    • Raising fictitious bills for services that
    were never rendered.( which is added to
    sundry debtors on the B/S)
    • To increase the Cash & bank balance
    correspondingly.
    • Operating profits were artificially boosted
    from the actual Rs 61 crore to Rs 649
    crore.
    • Rs 490 of this artificially inflated Rs. 588
    crore was added to receivables as
    conceded by Mr.Raju
    • Remaining Rs.98 crore appears to be a
    part of the Rs.5040 crore cash hole in the
    B/S
    • Satyam also showed an interest earnings
    of Rs 376 crore that was fictitious
    • Mr. Raju says he infused funds of Rs. 1230
    crore as dues to him. Thus Satyam has
    understated its liability.
    • Everything is wrt 2nd quarter only ,but
    Mr.Raju said in his statement that he has
    been doing this for several years
    CURRENT ASSESTS ACTUAL CASH
    IN BANK IS
    321
    INFLATED
    2651.6 5040cr
    5312.62
    376
    ACTUAL DEBT IS 2161
    OVERSTATED 490 Cr

    NO
    LIABILITIES
    ACCURRED
    INTEREST
    376 Cr

    UNDERSTATED
    REVENUE 2700 LIABILITY 1230
    OPERATING 690 Cr which is
    MARGIN
    arranged by
    ARTIFICIALLY ADDED 588 Mr.Raju
    OPERATING PROFIT
    ADDED 588
    INCREASING THE CASH 5040+376+1230+
    RESERVE ONLY FOR Q2
    490= 7136
    ALONE TO 588
    ACTUAL OPERATING MARGIN
    61 Cr ( CREATED AN ARTIFICIAL
    REVENUE OF 588)

    Operating Profit

    800
    Operatin Profit ( IN

    648.61 649.27
    600
    CRORES)

    545.49
    468.72
    400 401.61

    200

    0
    Sep '07 Dec '07 Mar '08 Jun '08 Sep '08
    Series1 401.61 468.72 545.49 648.61 649.27
    Quarter

    GROWTH IN THE OPERATING PROFIT


    REVENUE

    2700 Operating Profit


    3000
    649
    2112
    588
    2500
    700

    2000 600

    500
    1500
    588 400

    1000 300
    61

    500 200

    100
    0
    Actual Reported Difference 0
    Actual Op Reported Difference
    Revenue Q 2

    INFLATING THE PROFIT AND REVENUE


    Satyam computer Ltd., B/s
    SOURCES OF FUNDS AS ON ADJUSTED ADJUSTM
    30.09.08 BALANCE SHEET ENTS
    1. Shareholders funds
    a. Share capital
    (share application 134.70 134.70
    money , pending)

    b. Allotment 2.76 2.76

    c. Reserves and
    surplus 8392.23 (415.47)
    ___________________ __________ _________ ________
    8529.69 278.01 0
    SOURCES OF FUNDS AS ON ADJUSTED ADJUST
    30.09.08 BALANCE SHEET MENTS

    2. Loan Funds

    a. secured loans 30.49 30.49

    B. unsecured loans 234.80 1464.80 1230.00


    ______ _______ _______
    8794.98 1217.28 1230.00
    ____________________ _______ _______ _______
    APPLICATION OF AS ON ADJUSTED _
    FUNDS 30.09.08 BALANCE SHEET ADJUST
    MENTS

    1. Fixed assests 1381.10 1381.10 1381.10


    2. Investments 618.64 618.64 618.64
    3. Tax 118.75 118.75 118.75
    4. Current assests
    a. sundry debtors 2651.36 490.00 2161.36
    b. cash 5312.62 272.62 5040
    Satyam computer Ltd., B/s
    APPLICATION OF AS ON ADJUSTED ADJUSTM
    FUNDS 30.09.08 BALANCE SHEET ENTS

    c. accrued interest 376.34 - 376.34


    d. Loans 502.22 502.22 -
    LIABITIES 2166.05 2166.05
    Net current assests 6676.49 901.21 5775.21
    (difference
    )
    _______ _________ ________
    APLLICATION OF 8794.98 1217.28 7577.7
    FUNDS

    Вам также может понравиться