Exotic Coal balance sheet is weak and might have solvency issues

Yes, The net debt of Exotic Coal is increasing.
Latest net debt of Exotic Coal is ₹1.02 Crs as of Mar-12.
This is greater than Mar-11 when it was -₹0.27 Crs.

The profit is oscillating.
The profit of Exotic Coal is -₹0.66 Crs for TTM, ₹0.25 Crs for Mar 2012 and -₹0.38 Crs for Mar 2011.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Exotic Coal latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory, Short Term Loans & Advances