Discover and read the best of Twitter Threads about #big4

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Adani Enterprises - Debt breakdown.
Total debt                   = 33500 cr
Airport 7 yrs                = 12000 Ring fenced
Roads 5-7 years          = 2700 Ring fenced
Mining 8-10 years      = 1450 Ring fenced
Total loan ring-fenced = 16150 cr
Ring-fenced means banks and institutions have first charge on these assets. And Adani can only cater to the surplus.

Balance Loan              = 17350 cr
Working Capital.         = 7250 cr
Working capital is short term and secured by hypothecating current assets and margin between 10-25%

Balance loan               = 10100 cr
Australia Coal mine.   = 6700 cr

This is a refinance facility catering to a coal block with a life of 100 years, decaying at 15 MMT pa
Read 10 tweets
There is an obscure problem when you join the BIG-4 Advisory or auditing, or consulting side of the profession within the services sector.
Most of the co-workers come from an #Accounting background, which makes things awfully difficult to communicate and interpret.
I remember working with an #Audit Expert, having a BIG-4 background.
The chap didn't understand anything except for debit, credit, and fraud risk.
The assignment required to be sophisticated Actuarial Finance, Mathematics, and Econometric Skill Sets to understand the GAPS.
Hence, the biggest problem in the Financial Risk Management, #ERM, Quantitative Risk Management, and other FE Financial Engineering related risk management processes, when working with a #BIG4 Firm, is the interaction with Accountants and Auditors who have their own Lingua Franca
Read 12 tweets
A world record-breaking 261 tomato cultivars were exhibited at @NBGGlasnevin #TTTomFest19! The human race eats ½ its weight in #tomatoes annually. An important crop economically - preserving their valuable #genetic #diversity & #seed #democracy is vital to #future #foodsecurity🍅
1.This thread is about cordon or upright #tomato cultivars. The stunning colour of 'Indigo Rose' gave me the inspiration for the 1st #TotallyTerrificTomatoFestival in 2012. The first naturally-bred, high-anthocyanin tomato, #seed only became available to #gardeners in early 2012>
2.Rosada. The most delicious, disease-resistant, easy and productive variety of cherry/plum I've ever grown. Often bears 70 fruits on long trusses. No longer available as delisted by the politically powerful and greedy #Big4 #seed corporations when they couldn't buy the #patent!>
Read 11 tweets

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