[108BULLGURU]

(i) Unsecured loans from Related Parties: (Amount in Rs)
Particulars
Year ended 31st March
2019 2018
DreamAd, Panama 7,60,87,000 7,15,44,000
Frontier Data Management Inc, USA 8,99,61,464 8,45,90,049
International Expressions Inc, USA 7,27,47,196 6,84,03,609
Online Media Solutions Limited, Israel 10,90,81,090 10,25,68,080
Ybrant Media Acquisition Inc, USA 56,38,83,956 53,02,15,593
LIL Projects Pvt ltd 40,74,49,402 18,69,48,669
Yreach media Pvt ltd 69,19,267 62,14,000

[108BULLGURU]

(ii) Investment in Subsidiaries and Joint Ventures:
Particulars
Year ended 31st March
2019 2018
DreamAd Group 54,32,40,000 54,32,40,000
Frontier Data Management Inc., USA 1,29,84,77,349 1,29,84,77,349
International Expressions Inc., USA 1,04,53,63,208 1,04,53,63,208
Online Media Solutions Limited, Israel 51,78,81,121 51,78,81,121
Ybrant Media Acquisition Inc.,USA 1,26,52,40,000 1,26,52,40,000
Max Interactive Pty Ltd,Australia 41,74,90,000 41,74,90,000
Dyomo Corporation,USA 4,67,300 4,67,300
Ybrant Digital Servicos De Publiciade
Ltda,Brasil
2,65,932 2,65,932
Ybrant Digital (Brasil) Ltd., Singapore 45 45
LGS Global FZE,UAE 2,43,650 2,43,650
Yreach Media Pvt Ltd. 99,000 99,000
LIL Projects private limited. 99,980 99,980
Apollo Lycos Net commerce Ltd – 14,70,000

[108BULLGURU]

CONSOLIDATED FINANCIAL ASSETS AS AT END MARCH 2019.
Financial assets
– Trade receivables 8,89,77,68,596
– Cash and cash equivalents 1,02,57,90,311 (nearly 103 crores cash)
– Other bank balances 5,56,659
– Loans 6,83,60,29,959
– Other Financial Assets 42,43,808
Other current assets 5,40,57,82,643
Total Current assets 2217,01,71,976
Total assets 34,64,30,18,862
Here is the link to the balance sheet.
bcg balance sheet March 2019.

[Lycos_Investor]

Market wants better corporate governance from BCG. A quick clarification would increase market confidence on pledges shares.To which bank the shares are pledged, if the shares are pledged only to banks or any other financial corporation. Why the pledged shares have increased even after closing loans.
What progress has been made on the Axis bank loan, why there is a e-AUction when you mentioned negotiations are happening, has the negotiations failed?
SRK has a very casual attitude, i wouldnt be surprised if he comes in the next concall and says we were at the final stages of negotiations and we thought it is the inflection point, but last moment they are asking for additional papers which we will provide in a quarter. Then we will wait for another quarter.

[Lycos_Investor]

For now we are simply assuming ourselves and satisfying ourselves

Stock will get its value when daum is solved
Stock will get it value when subsidaries are audited
stock will get its value when pledged shares are released
stock will get its value Prferential allotment ballot notice is released – This howeever can be ignored now, as market didnt give thumbsup.
Now we are thinking stock will get its value when voting completes.

In my view, BG should come with regular updates, instead of just giving an announcement just before the quarterly results.

[Mosiac]

Does SKR has any children? maybe he is laid back as there is no one he need to leave his wealth behind for?

[acerforce]

Preferential allotment to close friends is never given much value.. it is always very easier to get some close friends to invest, than any institutions..

On regular updates, BG is very lame, SKR said lots of things in the concall but did not followthrough on any one.. he said some part of loan is already paid, then why are they not getting those shares unpledged…

[108BULLGURU]

“SRK has a very casual attitude, i wouldnt be surprised if he comes in the next concall and says we were at the final stages of negotiations and we thought it is the inflection point, but last moment they are asking for additional papers which we will provide in a quarter. Then we will wait for another quarter.”
Agreed.
I am not sure how this man can sleep with so much of wealth destruction of more than 30000 families of small retail investors and the continuous pain for 5 years and every conf call feels like a CO JOB CALL as nothing promised is or has been delivered for the last 5 years or so.
I don;t really know and understand what his limitations are.
Market certainly AT THIS STAGE DOES NOT BELIEVE HIM.Well he has given no reason to the markt or the investors to believe him.
Things do change.Markets do change.
They can change quickly and v v quickly too.
But they got to feel convinced about the given change in the situation.
If market can pay 1700 rupee for AFFLE, WELL MARKET wont miond paying fair value for BCG but some one got to be able to convince the market about it.

[Sobha]

BG, the pain is that of 8 years. Broad downtrend started from 2010. Considering skr entered in 2012, the pain is of 8 years. There are so many investors of that time still holding…

[108BULLGURU]

@Sobha,
Very very sad scenario.
So SKR has been the root cause of the pain or U can say his decisions.
Looks like he has realized that very late and hence taking corrective action v v late.Let us hope that finally we are not far away from the end of all the troubles of BCG..

[108BULLGURU]

I think once all these issues are behind us and if the stock is still selling low,then time for the company to consider buy back stock from the MARKET and take away any stock .
It wont need too much to do the trick.
In USA,Australia etc companies buy from the market.
Just few crores will set the cat among the pigeons.
I am sure SKR will think of that
IF NEED BE AT THE RIGHT TIME.

[acerforce]

if all numbers BCG is showing are real.. what if the numbers are fudged up? What if SKR is another Ramalinga Raju

[Saach]

Dear BullGuru Bro, I agree with you on all points; it make lot of sense and wise decision by SKR – So thorn in the neck is Daum. Rightly presented. Rgds

[sateanna]

BG Ji, Even buy back cannot infuse confidence in market. Dishman Pharma & Jagran Prakashan have announced open buyback from the market, but these scrips are going nowhere, still languishing close to 52 week lows.

[kpal]

What is the point in comparing Apples to Oranges, Nothing, Rather focus on volumes & Price movement, Last 3 days volumes speaks for itself. Also no need for company to uy ack. ig 4 audited results will do the trick. Keep patience, We are at the end of the tunnel. Cheers !!!!

[kpal]

What if the nuners are fudged ? Therefore the ig 4 audit, Everything will come out in the open very soon. Also ask this question to yourself as to why Promoter said only this time that the company is at Inflection point ? All good things turn up with time. Therefore keep patience & glory will e ours for the taking. Cheers!!!

[Shoumik]

Regarding BIG 4 AUDITOR SKR one year back during his concall had said to a question asked by one of the investor.

The qustion asked was :

Why are the big 4 auditor not auditing the whole company instead of auditing only 40 % of the subsidiaries.

To this question SKR had replied :

Yes we have appointed a big 4 auditor who is auditing almost 40 % of the company and THEY HAVE THEIR OWN WAY OF TAKING OVER THE WHOLE COMPANY FOR AUDIT, FIRST BEGINNING WITH AUDITING PART OF THE COMPANY AND NEXT YEAR WILL BE AUDITING THE WHOLE COMPANY ALONG WITH ALL ITS SUBSIDIARIES.

So you see there are some inferences to be had from this answer which he had given last year ie 2018 – 19 financial year.

The inferences are as follows:

First the answer was given last year so next year means this current running financial year 2019 – 20.

Second inference is last year the big 4 audited 40 % of the company and this year the same BIG 4 AUDITOR IS AUDITING ALL THE SUBSIDIARIES FROM THE START OF THIS FINANCIAL YEAR AND WILL COME OUT WITH A CONSOLIDATED BALANCE SHEET FOR THE WHOLE YEAR AT THE END OF THIS FINANCIAL YEAR.

Third inference is as the big 4 auditor did not find any irregularity in the accounts of the 40 % part of BCG which they had audited last year as their formality to have CONFIDENCE to audit the whole firm for the whole year so that their NAME IS NOT TARNISHED ASSOCIATING ITSELF WITH A FRAUD COMPANY.

Fourth inference, this regarding big 4 is that is they audited only 40 percent and not more than 50 % so that there name does not appear in the first year of TESTING THE WATER AUDIT. Now having full confidence in BCG they are auditing from the start of the financial year for 100% of the company’s accounts of all its subsidiaries .

Fifth inference is that this year in May 2020 this big 4 auditor will come out with the consolidated balance sheet which would demonstrate the SHINE OF BCG OUR DIAMOND to the whole wide world. No stopping then.

Cheers.

[VALUEBUYER001]

Dear Shoumik ji superb inference reg big4 auditor

[Saach]

Bro Shoumik, Really I appreciate your efforts in explaining all the points systematically and well calculated which boost the confidence of retailers in the company with every word said. Thank you so much. Regards.

[acerforce]

Maybe SKR is bluffing about EY doing audits on its subsidiaries, if it is right, why does he not submit notification to the exchanges that such an audit is underway?

[Author]

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