Negative cash flow, huge debt, inventory pile up increase ,bad reviews of product . Cooked up financial shown clearly evident from the financial. With so many issue it is clear avoid.
There is hardly any sale as reviews are too low on website, go check urself. even few reviews and most of them are bad.
Clear avoid.
12 May 2017 Verified Purchase Very bad quality .sound was pathetic (not sufficient even for small room). scratches on screen . Packing was not proper.worst product ever seen. Please never buy it
Clear avoid . the reviews in website is pathetic for Polaroid LED TV.
Jab brand ka review hi down hai how come they have any future growth prospects. dont risk your money in this company. It will be easily available below issue price on listing day
AVOID
When I first bought this tele, I thought I had made a great, cheap purchase. Only took me an hour to realize I was wrong: it freezes, crashes, the volume cuts out, the picture messes up... These things happen at random times about 3 times a week when myself and my wife are watching something. We've recently started using a usb for recording to watch later; we daren't press fast forward through adverts as this causes the whole thing to crash with the remote non responsive!!
not this one. i think abhi tak subscription mein gadbad nahi lagti this has pros and cons. i will apply only good sme like ushanti etc. i dont want to take risk in such issues where chance of loosing money is higher and there is hardly any demand on all 3 ipo. it seems all 3 ipo will just manage to ger issue subscribed 1 times and that too forcefully.
just think if they get 80% subscription it will not be difficult for such companyor lead manager to put in 20 % amount . they will still be getting 80% in their pockets.
I have hardly heard anyone buy polaroid LED or kodak power bank. there are lot many other options and so stiff competition. In future there inventories can increase even more than what they have now
Avoid for me. Instead one can look to buy saketh exim which listed today in nse emerge and hold issue price.
Hi All, people interested in applying for this IPO should also review the financial position of its Related Party company PIONEER COMPUTRONIX PRIVATE LIMITED. It has significant amount of outstanding loans ~Rs.40crores and Powerful Tech has above 30% of purchase & sales transaction with this Related Party.
NC I know you belong to company. Can you please clarify following 1) led tv nowadays have stiff competition. Xiomi is providing at very cheap rates. Also there is manufacturing unit to come up India. As I understand you dont have any future plans what is the main purpose of coming up with this ipo. 2). It is impossible to have such high profits OK not this year. Can you explain what caused this High profits as this company has been in existence since 2015 and why previous years were with almost no profit . 3) there is some pending in TDs or income tax .Can you elaborate. 4)I have checked Amazon and the reviews of Kodak power banks is not that great with rating of only 2.8 out of 5. Cab you please confirm reason for so much dissatisfaction .
Hi, can you provide some details on why the Cashflow from Operations has been significantly negative for all 3 years? Also, the quantum of WIP inventories is very high compared to Sales (Stock / Sales ratio) and how it is valued as on balancesheet date (March 31, 2018)
But casflows from operations are significantly negative for all 3 years and piled up inventories (even higher than the issue) The inventory valuation in the books is a matter of concern