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BLITZKRIEG

SUBMITTED BY
SELVI.S
KRISHNAVENI.A
RAJESWARI. K
DINESH KUMAR.M
MAHESH KUMAR.R
KARTHICK.R
FINANCIAL
SHENANIGANS
SHAREHOLDER CURRENT
S EQUITY ASSESTS
Capital +profit

BALANCE
SHEET
FIXED ASSETS
CURRENT
LIABILITY
FIXED CURRENT
LIABILITY ASSESTS
Capital +profit
•CASH BALANCE

•SUNDRY
DEBTORS
BALANCE • ACURRED
SHEET CURRENT
INTEREST

LIABILITY

UNDERSTATED
LIABILITY FIXED ASSETS

EMPLOYEES
5300 but only 5000
employees were
there
WHAT WENT WRONG?
• Simple manipulation of revenues and
earnings to show superior performance
• Raising fictitious bills for services that
were never rendered.( which is added to
sundry debtors on the B/S)
• To increase the Cash & bank balance
correspondingly.
• Operating profits were artificially boosted
from the actual Rs 61 crore to Rs 649
crore.
• Rs 490 of this artificially inflated Rs. 588
crore was added to receivables as
conceded by Mr.Raju
• Remaining Rs.98 crore appears to be a
part of the Rs.5040 crore cash hole in the
B/S
• Satyam also showed an interest earnings
of Rs 376 crore that was fictitious
• Mr. Raju says he infused funds of Rs. 1230
crore as dues to him. Thus Satyam has
understated its liability.
• Everything is wrt 2nd quarter only ,but
Mr.Raju said in his statement that he has
been doing this for several years
CURRENT ASSESTS ACTUAL CASH
IN BANK IS
321
INFLATED
2651.6 5040cr
5312.62
376
ACTUAL DEBT IS 2161
OVERSTATED 490 Cr

NO
LIABILITIES
ACCURRED
INTEREST
376 Cr

UNDERSTATED
REVENUE 2700 LIABILITY 1230
OPERATING 690 Cr which is
MARGIN
arranged by
ARTIFICIALLY ADDED 588 Mr.Raju
OPERATING PROFIT
ADDED 588
INCREASING THE CASH 5040+376+1230+
RESERVE ONLY FOR Q2
490= 7136
ALONE TO 588
ACTUAL OPERATING MARGIN
61 Cr ( CREATED AN ARTIFICIAL
REVENUE OF 588)

Operating Profit

800
Operatin Profit ( IN

648.61 649.27
600
CRORES)

545.49
468.72
400 401.61

200

0
Sep '07 Dec '07 Mar '08 Jun '08 Sep '08
Series1 401.61 468.72 545.49 648.61 649.27
Quarter

GROWTH IN THE OPERATING PROFIT


REVENUE

2700 Operating Profit


3000
649
2112
588
2500
700

2000 600

500
1500
588 400

1000 300
61

500 200

100
0
Actual Reported Difference 0
Actual Op Reported Difference
Revenue Q 2

INFLATING THE PROFIT AND REVENUE


Satyam computer Ltd., B/s
SOURCES OF FUNDS AS ON ADJUSTED ADJUSTM
30.09.08 BALANCE SHEET ENTS
1. Shareholders funds
a. Share capital
(share application 134.70 134.70
money , pending)

b. Allotment 2.76 2.76

c. Reserves and
surplus 8392.23 (415.47)
___________________ __________ _________ ________
8529.69 278.01 0
SOURCES OF FUNDS AS ON ADJUSTED ADJUST
30.09.08 BALANCE SHEET MENTS

2. Loan Funds

a. secured loans 30.49 30.49

B. unsecured loans 234.80 1464.80 1230.00


______ _______ _______
8794.98 1217.28 1230.00
____________________ _______ _______ _______
APPLICATION OF AS ON ADJUSTED _
FUNDS 30.09.08 BALANCE SHEET ADJUST
MENTS

1. Fixed assests 1381.10 1381.10 1381.10


2. Investments 618.64 618.64 618.64
3. Tax 118.75 118.75 118.75
4. Current assests
a. sundry debtors 2651.36 490.00 2161.36
b. cash 5312.62 272.62 5040
Satyam computer Ltd., B/s
APPLICATION OF AS ON ADJUSTED ADJUSTM
FUNDS 30.09.08 BALANCE SHEET ENTS

c. accrued interest 376.34 - 376.34


d. Loans 502.22 502.22 -
LIABITIES 2166.05 2166.05
Net current assests 6676.49 901.21 5775.21
(difference
)
_______ _________ ________
APLLICATION OF 8794.98 1217.28 7577.7
FUNDS