BADMAASH COMPANY

You cannot clap with your one palm. The right palm has to meet your left palm to produce a clapping sound. Let me tell you a story about this left and right combination. Once upon a time, there were four friends who were bachelors and not so wealthy in real economic terms. One of them had a good brain and was looking for an opportunity to use it in a very effective manner. One day, his friend requested for a shoe from Taasi bhai. Taasi told them that only the shoes of right foot are available here. Better go and bid for the left footed shoes from the customs bidding center. One truck came from Kolkata and another from Chennai. Both the trucks reached a secret center in the outskirts of Mumbai. The right shoe met with the left shoe. There was no clapping sound in this case, but, yes, the zero value got some real value in economic terms which will give those 4 partners a huge profit. Say an original Reebok shoe costs around 2000 bucks. In the bidding process from customs, they bought the right shoes and left shoes separately say in 50 bucks per shoe. Therefore, the total investment on each pair of shoe is 100 bucks. Now, sell these Reebok shoes at 1000 bucks per shoe. Still, you are having a profit of (1000 -100) = 900 bucks per shoe. If your consignment contains around 5000 pairs of shoes, then you are earning (5000*900) = 45, 00,000 bucks by selling it. The four friends opened a partnership firm, which was named as ‘Friends & Co.’. In the first assignment, each partner’s income was (45, 00,000/4) = 1,125,000 bucks. All was going well for them, but alas, the UPA government decreased the import duty from 120% to 20%. As a net result, their profit margin reduced. Therefore, they decided to stop the business of selling shoes. What’s next?

Welcome to USA. Karan’s maternal uncle’s name is Jagat. Jagat has a company, which is known as Jazz Inc. We will deal with this company at a later stage. Charlie is a dealer of gloves. Karan bought gloves from Charlie and then started manufacturing the same type of low quality gloves in a Kolkata factory. Charlie was impressed with the prototype. Bulbul seduced Charlie in a very professional manner and grabbed the consignment at a high rate. They now kept Charlie waited for some more days beyond the scheduled delivery date. After 3 days, the delivery was done. In a hurry to meet his customers’ demand, Charlie forgot to check all the gloves. That’s where he got fooled. Charlie’s bank cheque was withdrawn. Charlie was left with only right handed gloves. Zing came into the show as a scrap dealer to buy those right handed gloves. Again, the same story was repeated. The left hand gloves got paired with the right handed gloves to get some value. Now, Chandu came to Charlie to sell the pairs of gloves at a high rate. Say the gloves bought by Charlie were for 6 bucks per glove. But Charlie could not sell those gloves to the market but only to Zing at 3 bucks per glove. Then Chandu sold the gloves to Charlie for 8 bucks per glove. Also for preparing low quality gloves in Kolkata factory and buying the initial samples from Charlie, say the expense per glove was 4 bucks. Therefore, the ‘Friends & Co.’ company had a profit of {(8+6) – (3+4)} = 7 bucks per glove. If the order was for 40, 000 gloves, then all the four partners’ income were {(40,000 * 7) / 4} = 70,000 bucks and that too in USD. But the customers became aware of this ‘Friends & Co.’ in USA. So, these four friends had no other choice than to give up the business of glove selling. Next is what?

Credit policies of American banks are very liberal. They provide the home loan instantly and if one cannot repay it back, they will just seize the entire property of the defaulter. Bulbul bought a house at 1 lakh by taking a home loan and sold it to Zing by selling at 4 lakhs. Zing bought the same house by taking a home loan of 4 lakhs from the bank. Zing sold the house to Chandu at 8 lakhs. Chandu took the home loan of 8 lakhs from the bank. Finally, Karan bought the same house from Chandu by 12 lakhs, which was taken as a home loan from the same bank. Now, when the loan was not repaid back, the American bank seized that property , but, till then, the partners of the ‘Friends & Co. ‘ company had done a profit of {(4+8+12) – 1} = 23 lakhs with an initial investment of 1 lakh USD. Now, it was time for them to enjoy. But the enjoyment went beyond the limit. Zing as a drunkard started beating his US girlfriend. Later that US girl became the girlfriend of Chandu. Karan was as usual enjoying the hot and sleazy body of Bulbul throughout his business tenure, but, somehow, he got married to a pub girl, whom he met in a casino. The ego clashes started. Zing went out of that business firm. Bulbul also left Karan. Chandu wanted to settle down with his US girlfriend. That’s why; he also left. In the meantime, Karan got arrested in the bank defaulter case. But one needs to pay at least 75% of the defaulted amount to make it a mere civil case. Bulbul gave back the money of three partners. Bulbul became pregnant to signal Karan that she got promoted to a life partner from a mere business partner. Karan now understood the lectures of his recently retired old father. How the share prices of Jazz Inc. suddenly started rising? To know the climax of this story, you need to buy the shares of “BADMAASH COMPANY” from the ticket counter of any multiplex.