Hunters of Dalal Street

1.        Recording revenue before completing material obligations under the contract 2.        Recording revenue far in excess of work completed on the contract 3.        Recording revenue before the buyer’s final acceptance of the product 4.        Recording revenue when the buyer’s payment remains uncertain or unnecessary 5.        Recording revenue from transactions that lack economic substance (In these transactions, the so-called customer is either under no obligation to keep or pay for the product, or no product or service was even transferred in the first place) 6.         Recording revenue from transactions that lack a reasonable arm’s length process (While recognizing that revenue on transactions that lack economic substance should never be considered legitimate, transactions that lack a reasona...

Company Name : Tanla Solutions (BSE Code: 532790) Industry: IT Software Products Investment Horizon: 3 Years (This may not give a consistent return over the investment horizon) Recommendation: Allocate not more than 10% of your portfolio, at a CMP of Rs.37 is a value buy and try to add on dips. Investors who are holding may hold it for long term gains, investors who have not entered so far can take fresh positions Many investors know about this, but still posted for new people who do not aware about this, put in a slightly different manner About the Company: Core segments: Major One: 63% revenues - A2P SMSC (Short Message service centre) -- Which includes OTPs (One time password), everyone use in daily routine online activities – Highly Scalable and least cost – MONOPOLY (major market share – 65%) Voice – toll-free number, mobile virtual number – published in both online and offline and continuously monitored And Notifications, games many more...

Company Name: Vivid Global (BSE code: 524576) Industry: Commodity Chemicals Investment horizon : 3 years (This may not generate immediate return in short term) Recommendation : Allocate not more than 10% of your portfolio. At CMP of Rs.39 it is trading at a discount of 35% from 52 week high    About the Company: Vivid Global Industries is an ISO 9001 - 2008 certified company which is well known in the field of Dyes and Dye-intermediaries and Speciality chemicals for the past 43 years Management: The group was promoted by Mr. Sudhir M Mody, a Chemical engineer from USA who has dedicate more than 43 years in the field of Dyes and Dye – Intermediaries and is now managed by Mr. Sumish S Mody, Chairman and Managing Director, MBA graduate from USA who is in charge of all commercial and financial operations of the group who has more than 20 years’ experience in the field It is having its registered office in Tarapur in the state of Maharashtra, ...