Ramakrishna Forgings Ltd- Forensic Review
339 Views, 24 Jun 2022 12:57
Ramkrishna Forgings (RMKF IN) is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coach and engineering parts.
- On inspection of the annual report, there were several red flags visible; pertaining to accounting and the overall health of the company.
- Most prominent forensic checks included misstatement of operating cash flows, Debt alarms, working capital mis-management and some governance setbacks.