*WEB OF DECEIT?*

_FiberWeb India_
This BSE listed co claims to be in biz of nonspun bonded fabrics. Have a look at latest Consolidated no's of Q1:

1) Revenue 54cr Vs 13cr, *up 400% YoY*

2) Finance Cost 99lac Vs 101lacs

3) Other Expenses 2.66 Cr Vs 3.48cr

4) Employees Cost 1cr Vs 1cr

5) *Raw Material Cost 77.50% Vs 42%*. R/M cost 41.6cr( sales 53.7) Vs 5.5cr(sales 13cr)

When Sales go up _BY 310%, employees cost stagnant, finance cost down and OTHER Expenses decline_

Co *claims* to drive 70% revenue from exports but no bifurcation of domestic/export sales. No Forex Gain/Loss

FY 17 sales gallop nearly 100% YoY but *R/M cost 71% Vs 56%* and Employee cost stagnant at 4.20cr and Other Expenses decline by 1cr

AMAZING ACCOUNTING TECHNOLOGY

SEBI FINANCE MINISTRY SHOULD ORDER FORENSIC AUDIT TO FIND OUT REAL SHELL COMPANY