Re: [Moderated] [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea
Here is more
http://www.wbcomtax.nic.in/General_Information/Deemed_Assessment_list2_web.pdf
Green Earth Systems mentioned on the official website of the Directorate of Commercial Taxes for the Govt. of West Bengal
Not to pick hairs but GES were the receiver of those goods, not the shipper.
Sorry you're right but either way it showed they have the capital to order 20 tons of leather.
It's a couple pages back, I know, but let me quickly look at this one.http://www.wbcomtax.nic.in/General_Information/Deemed_Assessment_list2_web.pdf
Green Earth Systems mentioned on the official website of the Directorate of Commercial Taxes for the Govt. of West Bengal
Not to pick hairs but GES were the receiver of those goods, not the shipper.
Sorry you're right but either way it showed they have the capital to order 20 tons of leather.
The PDF specifically says this is for "DEALERS WITH TOTAL SALES LESS THAN RS. 3.00 CRORE". Okay, so how much is 3.00 CRORE? Apparently, 1 CRORE = 10,000,000, and we're dealing with Indian rupees. So, less than 3 CRORE means less than 30 million rupees. It's roughly 60 rupees to the dollar right now, so all we can say for sure is that according to this PDF (what year is this for?), Green Earth Systems had less than $500,000 of sales.
How does a company with less than $500K of sales back trades of urea worth apparently $7.5 million? And they had shipments of leather and girls clothing about a year ago, which proves... um... what does it prove?
Best case I see for URO at this point is that it turns out you can buy 1 ton of urea with 1 URO... only to find that shipping of the urea will cost you $300 per ton and it's not part of the contract. LOL