Excellent work, Binod!

A very comprehensive financial Analysis - off-course could not have been thought to be done before NMC actually came into limelight after Muddy Waters report.

As an auditor, a very simple question is how a UK listed company managed to not report such a massive debt on its balance sheet! The lenders usually keep a close eye on borrower’s results & numbers filed with Exchange but in this case, it doesn't look to have followed the suite. May be a lesson to be learnt for Leders, Auditors & Regulators!