Shahzad…this one’s for you…you had asked for it a few days ago……Temptation Foods (TFL)
PRESS EXPOSE OF TEMPTATION FOODS & IT’S PROMOTER VINIT KUMAR
TFL and it’s arrested Promoter Vinit Kumar was yet again the News yesterday morning in the Mumbai Mirror …. the Mumbai Morninger from the Times of India Group was following up from it’s story of November 30,2010 that exposed the link between Kumar and the Home Ministry Mole Ravi Inder Singh
Yesterday press coverage breaks an Intelligence Bureau Report that links the barred scamster Ketan Parekh and his cronies and front companies to Vinit Kumar and Temptation Foods and the intended modus operandi to rig the share price of the Company….
…..and that Vinit Kumar was the middleman in the Telecom Scam !And Mumbai Mirror states that the IB Report ,a copy of which they have in their possesion, states that 12000 conversations of Singh have been recorded over three mobile phones….those between Kumar and Singh reveal that Kumar was the middle man supplying Money and Call Girls to Singh in exchange for Sensitive Government Information…further, both colluded so that TFL could get to co promote the Rs 100 crs Food Park in Jangipur,West Bengal ……in this context it is amusing to read TFL’s clarification signed by Mr Nimish Thakore,President of Corporate Affairs and Company Secretary….he denies that any benefit was received from Singh even though Singh was the Director of Horticulture,West Bengal and therefore also on the Board of the Food Park before he was deputed to the Home Affair Ministry http://www.bseindia.com/xml-data/corpfiling/AttachHis/Temptation_Foods_Ltd_021210.pdfaes
TFL’s SHARE PRICE AND VALUATION WILL SEDUCE YOU
TFL closed at Rs 22 yesterday…a FV of Rs 10….If you look at the Valuation metrics,you’ll be excited
EPS : Rs 25….P/E : 0.88…..Market Cap : Rs 89 crs….Sales : Rs 1277 crs…..Mkt Cap/Sales : 0.07 !…Book Value : Kissing Rs 100…P/BV : 0.22 !
JUST DON’T GET TEMPTED !
ANNUAL REPORT OF TFL FOR 2009/10….ATHERSTONE AMUSES WITH THEIR ‘TRUTH’ THEME !
I was intrigued….I usually am where Item Girls and Songs are involved !….so I took a bite of Annual Report of TFL to begin with !…. I actually laughed !….here’s why….
…..What a lovely designer Annual Report 2009/10…was completely seduced by it…have a look…you’ll be stunned too….the concept,content and design is by Atherstone who are Professional Consultants and Specialists in Investor Communications….title says 2007-08 but the Annual Report is for 2009/10 so go ahead and click
Atherstone surely must be trying to bury their heads in the sand!…their Annual Report Theme was ‘A TASTE FOR TRUTH’ !
Here are some marvellous gems from the Annual Report…even in the Report they are in Capital Letters and stated in big bold colours with each phrase hogging the whole Page !
A TASTE FOR TRUTH……TRUTH CAN BE HEARTBREAKING……TRUTH CAN BE UGLY….TRUTH CAN BE UNCOMFORTABLE…..TRUTH CAN BE BEAUTIFUL
THE JOURNEY FROM BLISSFULL IGNORANCE TO THE REALM OF TRUTH IS BOTH CHALLENGING AND ENLIGHTENING
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