Ramakrishna Forgings Ltd- Forensic Review

Forensic Accounting

339 Views, 24 Jun 2022 12:57

EXECUTIVE SUMMARY

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.

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