Shree Ganesh jewellery house:-Rolls-royce ghost for the owner ,stale bread toast for the shareholder. <http://niftyviews.blogspot.in/2013/11/shree-ganesh-jewellery-house-rolls.html> Wednesday, November 27, 2013 www.niftyviews.com administrator
*Financial Blogging is not easy.To make sure you keep getting our views invite people using http://groups.google.com/group/STOCKRESEARCHER/ <http://groups.google.com/group/STOCKRESEARCHER>* If you have a comment on the article or ideas to share with the author post at the comment section at www.Niftyviews.com *Kolkata based Shree ganesh jewellery house is in news for all wrong reasons.I have always believed that one should stay away from diamond and jewellery companies as inventory management is always an issue with these companies.How can an auditor verify whether a VS1 fine grade 10 carat diamond is worth a crore or worth a lakh unless he is a specialist in this field.* *But this story is not about the inventory management issue of Shree ganesh.Its more about the rich promoter poor shareholder nexus which works in India.* *Here is a snapshot of an article in "The telegraph"* * <http://4.bp.blogspot.com/-Ia6Wdr_HAEs/UpYiv_vnDkI/AAAAAAAAAcY/8Ib-fyNoQbw/s1600/shree+ganesh.jpeg>* *Click on the image to enlarge:-* *"* *The managing director of the Calcutta-based Shree Ganesh Jewellery House fulfilled his dream last September, gifting himself a Rs 3.4-crore custom Rolls-Royce Ghost on his birthday. * *“I love cars. When I was young, I used to participate in car rallies. And I have always wanted to own a Rolls-Royce,” he says.* *Parekh’s is the only Rolls-Royce Ghost in town, according to his Mumbai-based car dealer. Someone else from Calcutta has purchased a Phantom — Amitabh Bachchan drives one — but the jeweller is happy he chose the Ghost. * *“I didn’t want the Phantom because it’s too big, and I would have difficulty parking it. Also, there is a partition between the chauffeur and the master seat at the back. It is more suitable for diplomats,” says the 45-year-old businessman with a smile.* *A special car deserves a special number, so Parekh paid a hefty fee to the motor vehicles department for a number plate that reads WB 06H 7966, matching his date of birth September 7, 1966."* *From the above link* *Co... had come out with an IPO at 260 in Ap*................ *To read the entire story kindly visit* *http://niftyviews.blogspot.in/2013/11/shree-ganesh-jewellery-house-rolls.html <http://niftyviews.blogspot.in/2013/11/shree-ganesh-jewellery-house-rolls.html>* -- For All Your Stock Markets query and solutions Visit http://niftyviews.com/ Join our google group http://groups.google.com/group/STOCKRESEARCHER/subscribe -- -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no gurantee for the genuineness of the same." --- You received this message because you are subscribed to the Google Groups "TEAM STOCKRESEARCHERS" group. To unsubscribe from this group and stop receiving emails from it, send an email to stockresearcher+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
