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Gold leasing norms could hit Titan, says Citi


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Bharat
TITAN terms
by Bharat on Dec 22, 2012 12:51 PM

are one sided with self interest.

They are neither customer friendly nor supplier friendly.

I was told that Titan used to hold payments to its suppliers to Watch division, buy Gold and stock for a couple of months, sell Gold and then pay the Suppliers.

That is your star company in the private sector.

I am not kidding. You can see their balance sheet of any year. You will see a subhead Miscellaneous Expenses (unexplained purposes)of a huge %age compared to other expenditure. subheads

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Bharat
TITAN terms
by Bharat on Dec 22, 2012 12:51 PM

are one sided with self interest.

They are neither customer friendly nor supplier friendly.

I was told that Titan used to hold payments to its suppliers to Watch division, buy Gold and stock for a couple of months, sell Gold and then pay the Suppliers.

That is your star company in the private sector.

I am not kidding. You can see their balance sheet of any year. You will see a subhead Miscellaneous Expenses (unexplained purposes)of a huge %age compared to other expenditure. subheads

    Forward  |  Report abuse
Bharat
TITAN terms
by Bharat on Dec 22, 2012 12:50 PM  | Hide replies

are one sided with self interest.

They are neither customer friendly nor supplier friendly.

I was told that Titan used to hold payments to its suppliers to Watch division, buy Gold and stock for a couple of months, sell Gold and then pay the Suppliers.

That is your star company in the private sector.

I am not kidding. You can see their balance sheet of any year. You will see a subhead Miscellaneous Expenses (unexplained purposes)of a huge %age compared to other expenditure. subheads

    Forward  |  Report abuse
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