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  "documentTitle": "NMC Health plc (NMC.LN)",
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  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2019-12-17 00:00:00",
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  "notes": "The slide uses a LinkedIn screenshot as primary evidence to establish a connection between Modular Concepts and NMC Health.",
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      "text": "NMC is clearly the 80% customer because of the shareholding relationship we detail below, as well as the number of NMC-related projects Modular Concepts has undertaken.",
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      "text": "A Modular Concepts credit rating by Indian credit rating agency ICRA states that the company’s top customer comprises 80% of revenues, while “one of the employees of this client is also a director and shareholder in MC [Modular Concepts]...\"",
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      "text": "Modular Concepts appears to be controlled by BR Shetty. For beginners, a Modular Concepts employee calls Modular Concepts “An NMC Health Care Trading Company”.",
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      "text": "one of the employees of this client is also a director and shareholder in MC [Modular Concepts], and this relationship has entailed healthy inflow of orders from the client. — ICRA Modular Concepts LLC credit rating",
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      "text": "5 ICRA Modular Concepts LLC credit rating, May 8, 2019\n6 https://www.modconsllc.com/projects\n7 https://www.masterbuilder.co.in/modular-construction-providing-ease-design-assimilation/",
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