Enidhi’s Weblog

Just another WordPress.com weblog

My recent offroad videos

Below are some of my recent offroad videos..

First 2 are with Terra tigers…

 

 

Read Part 1 of the offroad experience here

 

Landrover Experience.. More details here

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October 19, 2014 Posted by | Uncategorized | , , | Leave a comment

Satyam vs Kingfisher

We all know the Kingfisher crisis and the airline is expecting funding from its bankers/investors to stay afloat. While many will be happy to see the airline close, there’re few who expect Govt support to ailing airline, directly or indirectly.They compare Kingfisher crisis to Satyam scandal.

 
Some key differences:Image
Satyam’s founder admitted to massive accounting fraud. But company had some cash flow, accounts receivable and because of this new management managed to pay salaries, vendors and creditors. Share holders were the only affected people. Employees got their salary and found other jobs eventually. In case of kingfisher, it owes to everyone- employees, vendors, oil companies, airports, government and so on. Liquidity is near zero and fresh cash flows are fast dwindling due to flight cancellations and consumer preferences on other airlines
 
Satyam’s new board took management control of Satyam, held it in one piece till they could sell it off to Mahindras. In case of kingfisher, there’s no talk of management control. The proposal is that banks give it more and more loan-without any concrete plan as to where it will go and how it will be recovered. Corporate Debt restructuring appears to be a big joke wherein lenders try to show their loan as an “Asset”, while the truth being, it is an almost write-off.
 
Satyam’s founder went to Jail. In case of Kingfisher, would the Mallya and other KF Sr management dare to face an enquiry/prosecution or bad corporate governance?
 
Satyam being an IT Company- All IT companies were making profit and business Satyam owned (IT outsourcing projects) had good value proposition and chances of being turned around. In case of Kingfisher, airline industry as such is deemed to be an white elephant, with returns taking forever to materialize. What makes more sense: accept the losses and close or pump in more money in expectation of a miracle?
 
Satyam scandal was abrupt. One fine morning (Jan 7, 2009) Ramalinga Raju decided that he’ll declare the truth. Rest of the world learnt about it only then. In case of Kingfisher, the loses were evident from the beginning. Everyone knew that airline is not making money and its financial health is not great. If some of the bankers had the guts to step in an year earlier and put pressure on airline management, today’s crisis could have been avoided.

March 3, 2012 Posted by | Uncategorized | Leave a comment

Tata Aria 2012 calendar

I made a calendar out of 12 handpics Tata Aria photos. This was also the first time I spent some time playing around in photoshop.

If you’re an automobile enthusiast, you may like these calendar wallpapers.

Jan 2012- View Highres

Feb 2012- View Highres

March 2012 –View Highres

April 2012 –View Highres

May 2012 -View Highres

June 2012 -View Highres

July 2012 -View Highres

August 2012 -View Highres

September 2012 –View Highres

October 2012-View Highres

November 2012 -View Highres

December 2012 –View Highres

More tata aria photos can be found herehere and here

December 11, 2011 Posted by | Uncategorized | , , | Leave a comment

Club Mahindra IPO

April 5, 2008 Posted by | Uncategorized | Leave a comment

India investor summit 2008

India Investor summit 2008 report

February 24, 2008 Posted by | Uncategorized | Leave a comment

Mahindra Holidays Price details

Fun Dining rates at Club Mahindracomparision of timeshare vs hotel stayFun dining rates

February 12, 2008 Posted by | Uncategorized | Leave a comment

Test post-Check my other blog for meanwhile

Test post

Check http://enidhispeaks.blogspot.com

January 5, 2008 Posted by | Uncategorized | Leave a comment

Hello world!

Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!

January 5, 2008 Posted by | Uncategorized | 1 Comment