I am especially concerned with this part of the Q&A -
"How many of the A/R’s are collectable? - We are disappointed with India’s collection rate –A/R’s still trickling in –Looking at exiting this type of business (not a good strategic fit) -Depending on success will determine the answer to the question but certain A/R’s will be written down."
It goes on
"How much is being cut? - Cutting has started (approx. 10%), and is expected to reach 25%."
Does this mean that 25% of the current AR's are going to be written off as a loss??
