Seven executives disqualified 7 to 9 years for inflating 2015 and 2016 results
Shandong Molong Petroleum Machinery Company Limited · Listed oilfield equipment manufacturer
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Bank credits vs books
Bank credits would fall short of the revenue in the results announcements.
Can mislead when: AA only sees the accounts the company links, so an undisclosed account stays invisible. Cash-heavy businesses and timing differences create false flags.
Operating-metric verification
Sales and production volumes would not support the reported revenue.
Can mislead when: Contract staff do not appear in EPFO. Vahan access needs licensed APIs. Some businesses have no physical trace.
Governance signals
The audit committee's weakness would show in governance records.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Where Kubr services would have helped
Valuation context
Offered in India- C11 The audit committee's weakness would show in governance records.
Portfolio monitor
Offered in India- C1 Bank credits would fall short of the revenue in the results announcements.
- C10 Sales and production volumes would not support the reported revenue.
- C11 The audit committee's weakness would show in governance records.
Financial diligence
Offered in India- C1 Bank credits would fall short of the revenue in the results announcements.
- C10 Sales and production volumes would not support the reported revenue.
Model check
Offered in India- C1 Bank credits would fall short of the revenue in the results announcements.
- C10 Sales and production volumes would not support the reported revenue.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.