Do you really want to invest in HVA

market bull · 1 Do you really want to invest in HVA Tue Jan 10, 2012 1:46 pm

market bull

Assistant Vice President - Equity Analytics

Posts : 636
Equity Stars : 5322
Reputation : 18
Join date : 2011-12-01

HVA
EPS=0.09 per six months(As at 30/0911)
Debt/Equity ratio 88% If something will happen to company,first they have to pay Debtors money
Stated Capital 333M
Interest bearings loans & borrowings 225M
Quick ratio 1.4/1 It seems to be good.But just see the Amount due from related parties 196.5M
Quick ratio=(CA-Stock)/CL=519.5-65.4M/327.3
Just reduce related party amount& see. Quick ratio comes down to 0.79 L.
think twice before invest in HVA

dindon1 · 2 Re: Do you really want to invest in HVA Tue Jan 10, 2012 2:09 pm

dindon1

Senior Manager - Equity Analytics

Posts : 325
Equity Stars : 5382
Reputation : 6
Join date : 2011-03-28

market bull wrote:HVA

EPS=0.09 per six months(As at 30/0911)

Debt/Equity ratio 88% If something will happen to company,first they have to pay Debtors money

Stated Capital 333M
Interest bearings loans & borrowings 225M

Quick ratio 1.4/1 It seems to be good.But just see the Amount due from related parties 196.5M

Quick ratio=(CA-Stock)/CL=519.5-65.4M/327.3

Just reduce related party amount& see. Quick ratio comes down to 0.79 L.

think twice before invest in HVA

Why all the negatives???
Wheres your PEG????

market bull · 3 Re: Do you really want to invest in HVA Tue Jan 10, 2012 3:46 pm

market bull

Assistant Vice President - Equity Analytics

Posts : 636
Equity Stars : 5322
Reputation : 18
Join date : 2011-12-01

That is the reality even though it is very hard to accept.Sometime they may have taken loans to show profits.

(1)I am 100% sure that they have reduced stock & put under related party to keep at least little profit.
(2)225M comes under current liabilities. They may have takan loans against forge invoices with the help of subsidiaries.This is only my assuptions

dindon1 wrote:

market bull wrote:HVA

EPS=0.09 per six months(As at 30/0911)

Debt/Equity ratio 88% If something will happen to company,first they have to pay Debtors money

Stated Capital 333M
Interest bearings loans & borrowings 225M

Quick ratio 1.4/1 It seems to be good.But just see the Amount due from related parties 196.5M

Quick ratio=(CA-Stock)/CL=519.5-65.4M/327.3

Just reduce related party amount& see. Quick ratio comes down to 0.79 L.

think twice before invest in HVA

Why all the negatives???
Wheres your PEG????

cseguide · 4 Re: Do you really want to invest in HVA Tue Jan 10, 2012 8:46 pm

cseguide

Vice President - Equity Analytics

Posts : 1332
Equity Stars : 6386
Reputation : 56
Join date : 2011-04-20

I never invest this type of stocks

market bull · 5 Re: Do you really want to invest in HVA Wed Jan 11, 2012 3:29 am

market bull

Assistant Vice President - Equity Analytics

Posts : 636
Equity Stars : 5322
Reputation : 18
Join date : 2011-12-01

HVA Exports(pvt) Ltd is a marketing arm & parents of the HVA Foods.Their total export sales were 545M out of total salles 561M as at 31/03/11.It means their main sales category is export sales. I assume that they sell their export sales through HVA Exports.

(1) Amount due from HVA Exports 139M. Why parent company couldn't settle this amount.more than 40% of stated capital.
(2)Trade debtors also 150M(Around 50% of stated capital).no details.so if they may use HVA exports as a marketing arm.why that much amount under trade debtors.no debtor age analysis.Sec should have asked companies to annex debtors age analysis.If not company may mislead people easily.

Like i earlier told,amount payable within one year 245M
-107M for bill discounting

* Reimbursement of expenses & other transactions from HVA Exports 106.6.It is simmiler to bill discounting amount. more than 30% of stated capital. unfortunately no details about this a/c.

so many thing to point out. This company is totally crap.

cseguide wrote:I never invest this type of stocks

market bull · 6 Re: Do you really want to invest in HVA Wed Jan 11, 2012 12:43 pm

market bull

Assistant Vice President - Equity Analytics

Posts : 636
Equity Stars : 5322
Reputation : 18
Join date : 2011-12-01

If you can get a loan,you can start a company.....wonder in asia....

market bull wrote:
HVA Exports(pvt) Ltd is a marketing arm & parents of the HVA Foods.Their total export sales were 545M out of total salles 561M as at 31/03/11.It means their main sales category is export sales. I assume that they sell their export sales through HVA Exports.

(1) Amount due from HVA Exports 139M. Why parent company couldn't settle this amount.more than 40% of stated capital.
(2)Trade debtors also 150M(Around 50% of stated capital).no details.so if they may use HVA exports as a marketing arm.why that much amount under trade debtors.no debtor age analysis.Sec should have asked companies to annex debtors age analysis.If not company may mislead people easily.

Like i earlier told,amount payable within one year 245M
-107M for bill discounting

* Reimbursement of expenses & other transactions from HVA Exports 106.6.It is simmiler to bill discounting amount. more than 30% of stated capital. unfortunately no details about this a/c.

so many thing to point out. This company is totally crap.

cseguide wrote:I never invest this type of stocks