What Is a Contingent Liability? A contingent liability represents a potential obligation contingent upon the outcome of an uncertain future event. These obligations are recognized in financial records if it’s likely that the event will occur and if the amount of the liability can be reasonably estimated. If both conditions…
Month: August 2023
Industry Analysis
Fertilizer industry – India
Industry overview and major products The plant nutrition industry consists of mainly 3 elements – Nitrogen (N), Phosphorus (P) and Potassium (K). The ideal ratio required is 4:2:1 in Nitrogen, Phosphorus and Potassium. Following are the consumption details of the elements: India consumes higher quantity of fertilizer per hectare of…
Company Analysis
Sona BLW
Company Overview Sona BLW Precision Forgings is one of India’s leading automotive technology companies, designing, manufacturing and supplying highly engineered, mission critical automotive systems and components such as differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors (BLDC and PMSM) and motor control units to…
Company Analysis
ZF commercial vehicle control systems
Introduction: ZF commercial vehicle control systems is the Indian subsidiary of the ZF Global. The company primarily is in the auto ancillaries’ space for commercial vehicles. Previously known as Wabco India Limited, the company is a leading supplier of technologies and services that improve the safety, efficiency, and connectivity of…
Knowledge Bytes
Related party transactions
Related-party transactions refers to a deal or arrangement made between two parties who are joined by a preexisting business relationship or common interest. Companies often seek business deals with parties with whom they are familiar or have a common interest. Although related-party transactions are themselves legal, they may create conflicts of interest or lead…
Company Analysis
Bharat Forge
Bharat Forge is a preferred Technology & Engineering driven development partner and global leader in metal forming. It serves several sectors including Automotive, Railways, Aerospace, Marine, Oil & Gas, Power, Construction and Mining. Being the world’s largest forging company and amongst one of the best aerospace forging companies and automotive forging company, it has transcontinental presence across different manufacturing locations spread across India, Germany, Sweden, France and North America.
Company Analysis
Philips carbon black limited
Phillips Carbon Black Limited (PCBL), a part of RP-Sanjiv Goenka Group, was set up by Mr. K. P. Goenka in 1960, with the core objective of substitution of the import of carbon black. The company started production at Durgapur with a production capacity of 14,000 MT per annum. As PCBL…