| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Atlas Cycles Haryana Limited |
|
Particulars |
2023 |
2022 |
|
ASSETS |
|
|
|
(1) Non - current assets |
|
|
|
(a) Property, plant and equipment |
2,101.77 |
3,319.86 |
|
(i) Investments |
32 |
32 |
|
(ii) Other financial assets |
14.06 |
12.83 |
|
(b) Deferred tax assets (net) |
2,709.01 |
2,709.01 |
|
(c) Other non - current assets |
1,678.28 |
1,667.00 |
|
Total non - curret assets |
6,535.12 |
7,740.70 |
|
(2) Current assets |
|
|
|
(a) Inventories |
1,134.66 |
1,665.34 |
|
(i) Investments |
- |
4.93 |
|
(ii) Trade receivables |
1,868.89 |
2,114.18 |
|
(iii) Cash and cash equivalents |
35.38 |
124.94 |
|
(iv) Bank balance other than cash and cash equivalent |
16.8 |
16.8 |
|
(v) Loans |
1,613.86 |
1,592.17 |
|
(vi) Other financial assets |
109.46 |
117.86 |
|
(b) Other current assets |
235.8 |
243.03 |
|
Total curret assets |
5,014.86 |
5,879.25 |
|
TOTAL ASSETS |
11,549.98 |
13,619.95 |
|
EQUITY AND LIABILITIES |
|
|
|
EQUITY |
|
|
|
(a) Equity share capital |
325.19 |
325.19 |
|
(b) Other equity |
-3,554.68 |
-1,229.88 |
|
Inter unit balances |
-0.4 |
- |
|
Total Equity |
-3,229.89 |
-904.69 |
|
LIABILITIES |
|
|
|
(1) Non - current liabilities |
|
|
|
(a) Financial liabilities |
|
|
|
(ii) Other financial liabilities |
813.88 |
1,183.86 |
|
(b) Provisions |
29.88 |
31.39 |
|
Non - curret liabilities |
843.76 |
1,215.25 |
|
Current liabilities |
|
|
|
(a) Financial liabilities |
|
|
|
(i) Borrowings |
900 |
900 |
|
(ii) Trade Payables |
10,365.63 |
10,383.86 |
|
(b) Other Current Liabilities |
361.89 |
208.09 |
|
(c) Provisions |
2,308.19 |
1,817.44 |
|
Total curret liabilities |
13,935.71 |
13,309.38 |
|
Total Equity & Liabilities |
11,549.58 |
13,619.95 |
|
Particulars |
2023 |
2022 |
|
Income |
|
|
|
Revenue from operations |
173.15 |
342.05 |
|
Other income |
8 |
77.38 |
|
Total income |
181.16 |
419.42 |
|
Expenses |
|
|
|
Cost of material consumed |
370.42 |
300.24 |
|
Change in Inventories of Finished Goods , |
28.96 |
158.27 |
|
Employee benefits expenses |
701.86 |
1,330.07 |
|
Finance costs |
4.59 |
10.09 |
|
Depreciation and amortization expenses |
228.87 |
318.62 |
|
Other expenses |
1,171.27 |
1,174.20 |
|
Total expenses |
2,505.96 |
3,291.50 |
|
Profit / (loss) before exceptional items and tax |
-2,324.80 |
-2,872.07 |
|
Profit / (loss) before tax |
-2,324.80 |
-2,872.07 |
|
Profit / (loss) for the Year from continuing operations |
-2325 |
-2,872 |
|
Total comprehensive income for the year |
-2325 |
-2,872 |
|
Earnings per equity share (Refer Note 48) |
|
|
|
(1) Basic |
-35.75 |
-44.16 |
|
(2) Diluted |
-35.75 |
-44.16 |
|
Particulars |
2023 |
2022 |
|
CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
Profit before exceptional items and tax as per statement of profit and loss |
-2324.8 |
-2872.1 |
|
Adjustments for: |
|
|
|
Depreciation & Amortisation |
228.87 |
318.62 |
|
(Gain)/Loss on disposal of property, plant & equipment |
548.8 |
19.79 |
|
Profit on Sale of Current Investments |
-3.57 |
0 |
|
Provision for Bad Debts |
235.5 |
475.1 |
|
Liability / Provisions no longer required written back |
0 |
0 |
|
Interest Income |
-5.11 |
-44.93 |
|
Finance costs |
4.59 |
10.09 |
|
Operating Profit before Working Capital Changes |
-1316 |
-2094 |
|
Working capital adjustments: |
|
|
|
Decrease/ (Increase) in trade and other receivables |
9.79 |
20.1 |
|
Decrease/ (Increase) in Inventories |
530.67 |
445.29 |
|
Decrease/ (Increase) in Other Non Current Financial Assets |
-1.23 |
-0.58 |
|
Decrease/ (Increase) in Other Non Current Assets |
-11.28 |
0.38 |
|
Decrease/ (Increase) in Current Loans |
-21.69 |
-18.83 |
|
Decrease/ (Increase) in Other Current Assets |
7.23 |
31.8 |
|
Decrease/ (Increase) in Other Current Financial Assets |
8.4 |
27.59 |
|
Decrease/ (Increase) in Bank Balances other than cash equivalents |
0 |
1.91 |
|
Increase/ (decrease) Other Non-Current Financial Liabilities |
-369.98 |
361.48 |
|
Increase/ (decrease) in Non Current Provisions |
-1.51 |
-38.2 |
|
Increase/ (decrease) in trade and other payables |
-18.23 |
43.64 |
|
Increase/ (decrease) in Other Current Liabilities |
153.81 |
-111.28 |
|
Increase/ (decrease) in Provisions |
490.75 |
917.74 |
|
Net cash flows generated from (used in) operating activities after exceptional items |
-539 |
413 |
|
CASH FLOW FROM INVESTING ACTIVITIES |
|
|
|
Purchase of property, plant & equipment, including CWIP and capital advances |
-1.1 |
-1.45 |
|
Sale, plant & equipment, including CWIP and capital advances |
441.52 |
398.46 |
|
Sale/(Purchase) of Investment/Provision for investment |
8.5 |
0 |
|
Interest Received |
5.11 |
44.93 |
|
Net cash flows generated from (used in) investing activities |
454 |
442 |
|
CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
Interest Paid |
-4.59 |
-10.09 |
|
Net cash flows generated from (used in) financing activities |
-5 |
-10 |
|
Net increase (decrease) in cash and cash equivalents |
-89.55 |
19.5 |
|
Cash and cash equivalents at the beginning of the year |
124.94 |
105.44 |
|
Cash and cash equivalents at year end |
35 |
125 |
Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:
2023:
Cash Flow from Operating Activities:
Profit before exceptional items and tax: In 2023, the company reported a profit before exceptional items and tax of -Rs 2324.8.
Adjustments: Various adjustments were made, including depreciation & amortization of Rs 228.87, (gain)/loss on disposal of property, plant & equipment of Rs 548.8, profit on sale of current investments of -Rs 3.57, provision for bad debts of Rs 235.5, interest income of -Rs 5.11, and finance costs of Rs 4.59.
Operating Profit before Working Capital Changes: The operating profit before working capital changes in 2023 was -Rs 1316.
Working capital adjustments: The company made various working capital adjustments, resulting in a net cash flow generated from (used in) operating activities after exceptional items of -Rs 539.
Cash Flow from Investing Activities:
Purchase of property, plant & equipment: The company spent -Rs 1.1 on the purchase of property, plant & equipment, including CWIP and capital advances.
Sale of property, plant & equipment: The sale of property, plant & equipment, including CWIP and capital advances, generated Rs 441.52.
Sale/(Purchase) of Investment/Provision for investment: There was a net positive cash flow of Rs 8.5 related to the sale or purchase of investments.
Interest Received: The company received Rs 5.11 in interest income.
Net cash flows generated from (used in) investing activities in 2023 were Rs 454.
Cash Flow from Financing Activities:
Interest Paid: The company paid -Rs 4.59 in interest.
Net cash flows generated from (used in) financing activities were -Rs 5.\
Net Increase (Decrease) in Cash and Cash Equivalents:
Cash and cash equivalents at the beginning of the year were Rs 124.94.
Cash and cash equivalents at year-end were Rs 35.
The net decrease in cash and cash equivalents from the beginning to the end of the year in 2023 was -Rs 89.55.
2022:
Cash Flow from Operating Activities:
Profit before exceptional items and tax: In 2022, the company reported a profit before exceptional items and tax of -Rs 2872.07.
Adjustments: Various adjustments were made, including depreciation & amortization of Rs 318.62, (gain)/loss on disposal of property, plant & equipment of Rs 19.79, provision for bad debts of Rs 475.1, interest income of -Rs 44.93, and finance costs of Rs 10.09.
Operating Profit before Working Capital Changes: The operating profit before working capital changes in 2022 was -Rs 2094.
Working capital adjustments: The company made various working capital adjustments, resulting in a net cash flow generated from (used in) operating activities after exceptional items of Rs 413.
Cash Flow from Investing Activities:
Purchase of property, plant & equipment: The company spent -Rs 1.45 on the purchase of property, plant & equipment, including CWIP and capital advances.
Sale of property, plant & equipment: The sale of property, plant & equipment, including CWIP and capital advances, generated Rs 398.46.
Sale/(Purchase) of Investment/Provision for investment: There was a net positive cash flow of Rs 0 related to the sale or purchase of investments.
Interest Received: The company received Rs 44.93 in interest income.
Net cash flows generated from (used in) investing activities in 2022 were Rs 442.
Cash Flow from Financing Activities:
Interest Paid: The company paid -Rs 10.09 in interest.
Net cash flows generated from (used in) financing activities were -Rs 10.
Net Increase (Decrease) in Cash and Cash Equivalents:
Cash and cash equivalents at the beginning of the year were Rs 105.44.
Cash and cash equivalents at year-end were Rs 125.
The net increase in cash and cash equivalents from the beginning to the end of the year in 2022 was Rs 19.5.
|
Particulars |
2023 |
2022 |
|
Debtors Turnover |
1079.35 |
618.09 |
|
Inventory Turnover Ratio |
655.3 |
486.87 |
|
Interest Coverage Ratio |
-506.63 |
-283.91 |
|
Current Ratio |
0.38 |
0.44 |
|
Debt Equity ratio |
-0.28 |
-0.97 |
|
Operating Profit Margin Ratio |
-1350.27 |
-847.88 |
|
Net Profit Margin Ratio |
-1345.65 |
-840.45 |
|
Return on Net worth |
-71.56 |
-310.31 |
Here is a summary of the financial and operational metrics for Atlas Cycle (Haryana) Limited for the years 2023 and 2022:
2023:
Debtors Turnover:
In 2023, the Debtors Turnover ratio was 1079.35, indicating that the company converted its debtors into cash or sales approximately 1079 times during the year. This high turnover may suggest efficient management of accounts receivable.
Inventory Turnover Ratio:
The Inventory Turnover Ratio in 2023 was 655.3, indicating that the company 's inventory was turned over approximately 655 times during the year. A high turnover ratio can indicate efficient inventory management.
Interest Coverage Ratio:
The Interest Coverage Ratio in 2023 was -506.63. This negative ratio suggests that the company 's earnings were insufficient to cover its interest expenses, which could be a financial concern.
Current Ratio:
In 2023, the Current Ratio was 0.38, indicating that the company 's current assets were only 38% of its current liabilities. This suggests potential liquidity challenges.
Debt Equity Ratio:
The Debt Equity Ratio in 2023 was -0.28, which is negative. A negative ratio indicates that the company had more equity than debt, which is generally considered a healthy financial position.
Operating Profit Margin Ratio:
The Operating Profit Margin Ratio was -1350.27 in 2023, indicating that the company had a significant operating loss relative to its revenue.
Net Profit Margin Ratio:
The Net Profit Margin Ratio was -1345.65 in 2023, indicating that the company experienced a substantial net loss in relation to its total revenue.
Return on Net Worth:
In 2023, the Return on Net Worth was -71.56, reflecting a negative return on shareholders ' equity. This implies that the company 's profitability was inadequate relative to its net worth.
2022:
Debtors Turnover:
In 2022, the Debtors Turnover ratio was 618.09, suggesting a high turnover of debtors, similar to 2023.
Inventory Turnover Ratio:
The Inventory Turnover Ratio in 2022 was 486.87, also indicating efficient inventory turnover.
Interest Coverage Ratio:
The Interest Coverage Ratio in 2022 was -283.91, suggesting insufficient earnings to cover interest expenses, similar to 2023.
Current Ratio:
In 2022, the Current Ratio was 0.44, indicating slightly better current liquidity compared to 2023.
Debt Equity Ratio:
The Debt Equity Ratio in 2022 was -0.97, also reflecting a strong equity position.
Operating Profit Margin Ratio:
The Operating Profit Margin Ratio was -847.88 in 2022, indicating a significant operating loss, similar to 2023.
Net Profit Margin Ratio:
The Net Profit Margin Ratio was -840.45 in 2022, reflecting a substantial net loss, similar to 2023.
Return on Net Worth:
In 2022, the Return on Net Worth was -310.31, still indicating a negative return on shareholders ' equity.
