Abacus Computers Financials and Annual Report

Abacus Computers Limited (Abacus Computers) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Abacus Computers Limited

Particulars	31st March 2017	31st March 2016
I. EQUITY AND LIABILITIES
(1) Shareholders ' Funds
(a) Share Capital	2,84,71,900	2,84,71,900
(b) Reserves and Surplus	(2,90,76,235)	(2,90,78,181)
(2) Non-Current Liabilities
(a) Long-term Borrowings	18,22,092	17,51,182
(3) Current Liabilities
(a) Short-term provisions	34,891	34,243
Total	12,52,649	11,79,144
II.Assets
(i) Tangible assets	-	-
(ii) Other non-current assets	-	-
(2) Current assets
(e) Cash and cash equivalents	9,62,649	8,89,144
(f) Short-term loans and advances	2,90,000	2,90,000
Total	12,52,649	11,79,144

Particulars	2017	2016
Revenue from operations	46,950	68,950
Other Income	88,550	2,09,150
Total Revenue (I +II)	1,35,500	2,78,100
Expenses:
Cost of materials consumed		20,350
Purchase Cost of Stock in Trade	8,400	14,250
Change in inventories of finished goods and Stock-in-Trade	-	-
Employee benefit expense	50,000	50,350
Financial costs	633	630
Depreciation and amortization expense	-	-
Other expenses	73,873	1,70,045
Total Expenses (IV)	1,32,905	2,55,625
Profit before exceptional and extraordinary items and tax (III-IV)	2,595	22,475
Exceptional items	-	-
Profit before extraordinary items and tax (V-VI)	2,595	22,475
Extraordinary Items	-	-
Profit before tax (VII-VIII)	2,595	22,475
Tax expense:
(1) Current tax	649	7,417
(2) Deferred tax	-	-
Profit/(Loss) from the period from continuing operations (VII-VIII)	1,946	15058
Profit/(Loss) from discontinuing operations	-	-
Tax expense of discontinuing operations		-
Profit/(Loss) for the period (XI+XIV)	1,946	15,058
Earning per equity share:
(1) Basic	0.00	0.01
(2) Diluted	0.00	0.01

Particulars	31st March 2017	31st March 2016
A.Cash Flow From Operating Activities
Net Profit Before Tax as per Statement of Profit and Loss	2594.74	22475.00
Adjustments for:
Depreciation	0.00	0.00
Bank Loan Written Off	0.00	0.00
Operating Profit Before Working Capital Changes	2594.74	22475.00
Adjustments for increase/decrease in:
Trade Receivables	0.00	0.00
Other Receivables	0.00	0.00
Cash Generated from Operations	2594.74	22475.00
Interest Paid	0.00	0.00
Cash Flow Before Extraordinary Items	2594.74	22475.00
Net Cash from Operating Items(A)	2594.74	22475.00
B. Cash Flow from Investing Activities
Purchase of Fixed Assets	0.00	0.00
Sales of Fixed Assets	0.00	0.00
Net Cash Used in Investing Activities (B)	0.00	0.00
C. Cash Flow from Financing Activities
Proceeds from Long Term Borrowings	70910.00	72000.00
Proceeds from Short Term Borrowings	0.00	0.00
Net Cash Used In Financing Activities (C)	70910.00	72000.00
Net Increase in Cash and Cash Equivalents (A+B+C)	73504.74	94475.00
Cash and Cash Equivalents as at Beginning of the year	889144.00	794669.00
Cash And Cash Equivalents as at End of the year	962648.74	889144.00
Net Increase/Decrease in Cash Equivalents	73504.74	94475.00

Summary of given cash flow

Cash Flow from Operating Activities: Net profit before tax was 2594.74 in 2016-2017 and 22475.00 in 2015-2016. No adjustments were made for depreciation or bank loan write-offs in either year. The operating profit before working capital changes matched the net profit before tax in both years. There were no significant changes in trade receivables or other receivables. No interest was paid in either year.
Cash Flow from Investing Activities: No purchases or sales of fixed assets occurred in either year.
Cash Flow from Financing Activities: There were no short-term borrowings.
Net Increase in Cash and Cash Equivalents: Net increase in cash and cash equivalents was 73504.74 in 2016-2017 and 94475.00 in 2015-2016.
Cash and Cash Equivalents: Cash and cash equivalents at the beginning of the year were 889144.00 in 2016-2017 and 794669.00 in 2015-2016. Cash and cash equivalents at the end of the year were 962648.74 in 2016-2017 and 889144.00 in 2015-2016. Net increase/decrease in cash equivalents was 73504.74 in 2016-2017 and 94475.00 in 2015-2016.

Overall, the company experienced a lower net increase in cash equivalents in 2016-2017 compared to the previous year.

Summary of given Key Financial Ratios

Current Ratio: The current ratio was 0.7 in 2017, 0.67 in 2016, and 0.66 in 2015. This indicates that the company 's current assets are not sufficient to cover its current liabilities, suggesting potential liquidity concerns.
Total Asset Turnover Ratio: The total asset turnover ratio was 0 in 2017 and 2016, and 0.09 in 2015. This ratio indicates the company 's ability to generate sales from its total assets, and the low values suggest inefficiency in asset utilization.

Particulars	2017	2016	2015
Dividend per Share	Nil	Nil	Nil

Net Revenue from Operations decreased by 32% from Rs. 46,950 thousand in FY 2016 to Rs. 46,950 thousand in FY 2017.
Total borrowings of the company decreased from Rs. 72,000 Crore as of 31st March 2016 to Rs. 70,910 Crore as of 31st March 2017. Due to this, the Finance cost of the company increased by 0.47% from Rs. 630 thousand to Rs. 633 thousand.
Profit after Tax decreased by 87.07% from Rs. 15,058 thousand in FY 2016 to Rs. 1,946 thousand in FY 2017.
The current Ratio of the company as of 31st March 2017 is 0.7.
The book value of the company as of 31st March 2017 is -0.21.