December 15, 2017

Frick India-New Accounting System ( SAP )

There is a discussion in the investors / share analysts' circles that Frick India ' s Q2 -2018 ( 3 months ending 30/09/17 ) Results have reported lower turnover / profits because of change to a new system of accounting ( SAP ) . This switch to the new system is yet to be completed and on completion the Turnover / Profits would show the correct picture.

Please Read Note 4 with the Results

https://www.msei.in/ListingData/2017/FRICKINDIA/AN/171214_FRICKINDIA_AN_01.pdf

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CA's Note


3. Attention is drawn to: (i) Note no. 4 of the accompanying statement of unaudited financial results regarding new ERP accounting system (SAP) which has been recently  implemented. 

The management is of the view that there will not be any material impact on the financial results of the company after complete SAP system integration and on reconciliation with the physical records/ balances.  -------------------------------------

BLOG DISCLAIMER

PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON ABOVE CONJECTURE.


PLEASE RECHECK


WE MAY BE WRONG


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It appears some shares of Frick India Ltd are available for Sale / Purchase with Dealers of Rare Indian Shares.

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Caution : Please Recheck All Information Before Taking Any Investment Decision. 

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General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this blog / blog writer.


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