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Amira Nature Foods
Amira Nature Foods Ltd is a food company primarily engaged in the distribution of basmati rice and related food products. Amira is a public company trading over the counter since it was removed from public listing on the New York Stock Exchange in August 2020. The company was delisted after repeatedly missed deadlines for filing its financial reports with the U.S. Securities and Exchange Commission. Amira Nature Foods Ltd is a parent company, registered in the British Virgin Islands and headquartered in Dubai, United Arab Emirates. The parent company wholly owns multiple subsidiary companies engaged in global rice distribution. The company owns 49.8% of Amira Pure Foods Private Limited (referred to as "Amira India"), after a debt restructuring agreement with the company's creditors in November 2018 reduced Amira's ownership stake from 80.4%. Amira India produces basmati rice by ageing and processing rice. History Amira Nature Foods Ltd was founded in 1915 under the name Nav Bh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India
India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since 2023; and, since its independence in 1947, the world's most populous democracy. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is near Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations averag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Himalayas
The Himalayas, or Himalaya ( ), is a mountain range in Asia, separating the plains of the Indian subcontinent from the Tibetan Plateau. The range has some of the Earth's highest peaks, including the highest, Mount Everest. More than list of highest mountains on Earth, 100 peaks exceeding elevations of above sea level lie in the Himalayas. The Himalayas abut on or cross territories of Himalayan states, six countries: Nepal, China, Pakistan, Bhutan, India and Afghanistan. The sovereignty of the range in the Kashmir region is disputed among India, Pakistan, and China. The Himalayan range is bordered on the northwest by the Karakoram and Hindu Kush ranges, on the north by the Tibetan Plateau, and on the south by the Indo-Gangetic Plain. Some of the world's major rivers, the Indus River, Indus, the Ganges river, Ganges, and the Yarlung Tsangpo River, Tsangpo–Brahmaputra River, Brahmaputra, rise in the vicinity of the Himalayas, and their combined drainage basin is home to some 6 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annual Report
An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance. They may be considered as grey literature. Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company's registry. Companies with issued shares publicly listed are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved). Content Typical annual reports may include: * General corporate information * Operating and financial review * Director's Report * Corporate governance information * Chairpersons statement * Auditor's report * Sustainability and ESG information * Green annual report * Contents: non- audited information * Financial statements, including ** Balance sheet also known as Statement of Finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Going Concern
A going concern is an accounting term for a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future, which is usually regarded as at least the next 12 months or the specified accounting period (the longer of the two). The presumption of going concern for the business implies the basic declaration of intention to keep operating its activities at least for the next year, which is a basic assumption for preparing financial statements that comprehend the conceptual framework of the IFRS. Hence, a declaration of going concern means that the business has neither the intention nor the need to liquidate or to materially curtail the scale of its operations. Continuation of an entity as a going concern is presumed as the basis for financial reporting unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auditor
An auditor is a person or a firm appointed by a company to execute an audit.Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Generally, to act as an external auditor of the company, a person should have a certificate of practice from the regulatory authority. Types of auditors * External auditor/ Statutory auditor is an independent firm engaged by the client subject to the audit, to express an opinion on whether the company's financial statements are free of material misstatements, whether due to fraud or error. For publicly traded companies, external auditors may also be required to express an opinion over the effectiveness of internal controls over financial reporting. External auditors may also be engaged to perform other agreed-upon procedures, related or unrelated to financial statements. Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidated Financial Statement
A consolidated financial statement (CFS) is the " financial statement of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity", according to the definitions stated in International Accounting Standard 27, "Consolidated and separate financial statements", and International Financial Reporting Standard 10, "Consolidated financial statements". Consolidated statement of financial position Consolidated accounts are prepared after the accounts for the constituent companies have been prepared. While preparing a consolidated financial statement, there are two basic procedures that need to be followed: first, cancelling out all the items that are accounted as an asset in one company and a liability in another, and then adding together all uncancelled items. There are two main type of items that cancel each other out from the consolidated statement of fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North India
North India is a geographical region, loosely defined as a cultural region comprising the northern part of India (or historically, the Indian subcontinent) wherein Indo-Aryans (speaking Indo-Aryan languages) form the prominent majority population. It extends from the Himalayas, Himalayan mountain range in the north to the Indo-Gangetic plains, the Thar Desert, till Central Highlands (India), Central Highlands. It occupies nearly two-quarters of the area and population of India and includes one of the three List of Indian cities by population#List, mega cities of India: Delhi. In a more specific and administrative sense, North India can also be used to denote the northern Indo-Gangetic Plain within this broader expanse, to the Thar Desert. Several major rivers flow through the region including the Indus, the Ganges, the Yamuna and the Narmada rivers. North India includes the states of Himachal Pradesh, Uttarakhand, Punjab, India, Punjab and Haryana, Rajasthan, Uttar Pradesh, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impairment (financial Reporting)
Impairment of assets is the diminishing in quality, strength, amount, or value of an asset. An impairment cost must be included under expenses when the book value of an asset exceeds the recoverable amount. Fixed assets, commonly known as PPE (Property, Plant & Equipment), refers to long-lived assets such as buildings, land, machinery, and equipment; these assets are the most likely to experience impairment, which may be caused by several factors. History Asset impairment was first addressed by the International Accounting Standards Board (IASB) in IAS 16, which became effective in 1983. It was replaced by IAS 36, effective July 1999. In United States GAAP, the Financial Accounting Standards Board (FASB) introduced the concept in 1995 with the release of SFAS 121. SFAS 121 was subsequently replaced by SFAS 144 in August 2001. The issue of impairment of financial assets exposed deficiencies in the IAS 36 framework during the 2008 financial crisis, and the IASB issued an exposur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. Owned by The Times Group, ''The Economic Times'' began publication in 1961 and it is sold in all major cities in India. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a daily readership of over 800,000. According to the Audit Bureau of Circulations (India), Audit Bureau of Circulations, the newspaper's Print circulation, circulation averaged 269,882 copies during the latter half of 2022. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Economy of India, Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is Publishing, published by Bennett Coleman & Co. Ltd, Bennett, Cole ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Snapdeal
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. Snapdeal is one of the top 5 online marketplaces in India. Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market. Fashion, home and general merchandise account for a majority of the products sold by over 500,000 sellers on Snapdeal. Buyers from more than 3,700 towns in India shop on Snapdeal. History Establishment Snapdeal was founded on 4 February 2010 as a daily deals platform, before expanding to become an online marketplace in October 2011. Unsuccessful merger with Flipkart Reports emerged in Q2 2016 that SoftBank Group planned to engineer a merger between Snapdeal and Flipkart. Discussions took place for months, but concluded in July 2017 after the deal fell through due to lack of consensus among Snapdeal's board members. Disagreements over valuation and proposed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
