Bilpower Annual Reports, Balance Sheet and Financials

Bilpower Limited Balance Sheet (Rs)

Particulars	2019	2018
I ASSETS
Non Current Asset
a) Property , Plant & equipment	191.32	214.3
b) Financial Assets
i) Non Current Investment	195.12	171.18
ii) Other Non Current Financial Asset	159.16	154.6
d) Other Non Current Asset	18.22	18.22
Total Non Current Asset	563.82	558.3
Current Assets
a) Inventories	28.84	28.84
b) Financial Assets
i) Current Investment	179.03	34.29
ii) Trade Receivables	4 847.46	4 976.40
iii) Cash and Cash Equivalents	6.88	10.14
iv) Other Bank Balances	5.19	6.99
c) Other Current Asset	2 235.00	2 113.02
Total Current Assets	7 302.40	7 169.68
Total Assets	7 866.22	7 727.98
II EQUITY AND LIABILITIES
Equity
a)   Equity Share Capital	2 100.16	2 100.16
b) Other Equity	(13 847.26)	(14 011.61)
Total Equity	(11 747.10)	(11 911.45)
Liabilities
Current Liabilities
Financial Liabilities
i) Trade Payables	818.2	818.71
ii) Other Current Financial Liabilities	17 586.98	17 583.80
b) Other Current Liabilities	1208.14	1236.92
Total Current Liabilities	613.32	19639.43
Total Equity and Liabilities	7 866.22	7727.98

Bilpower Limited Profit & Loss Statement (Rs)

Particulars	2019	2018
I INCOME
Revenue From Operations(Net)	-	990.95
Other Income	315.78	904.07
Total Revenue	315.78	1 895.02
II EXPENSES
Stock-In-Trade Purchases	-	989.22
Employee Benefits Expenses	7.65	3.73
Finance Costs	29.09	29.58
Depreciation And Amortisation Expense	23.42	27.37
Other Expenses	91.27	528.71
Total Expenses	151.43	1 578.61
Profit/(Loss) Before Exceptional and Extraordinary Items and Tax	164.35	316.41
Profit/(Loss) Before Tax	164.35	316.41
Tax Expenses
Income Tax Earlier Years	-	8.46
	-	8.46
Profit/(Loss) for the Period	164.35	307.95
Total Comprehensive Income for the year	164.35	307.95
Nos of Equity Shares for Computing EPS
Basic	21001600	21001600
Diluted	21001600	21001600
Earnings Per Equity Share (Face Value 10/- Per Share) :
Basic	0.78	1.47
Diluted	0.78	1.47

Bilpower Limited Consolidated Cash Flow Statement (Rs)

Particulars	2019	2018
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit/(Loss) Before Exeptional And Extra Ordinary Items	164.35	316.38
Adjustment For -
Depreciation	23.42	27.37
(Gain)/Loss on Sale of Assets	-	-359.7
Balance Written off	-	2.26
Provision for Doubtful Debts	-	-947.91
Provision for Dimunition in Value of Quoted Investments	-168.68	-265.81
Bad Debts Written off	76.6	1 111.30
Interest Income	-147.03	-257.21
Interest Paid	29.05	29.38
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES	-22.29	-343.94
Adjustment For -
Trade Receivable	52.35	-275.81
Inventories	-1.74	-
Short Term Loans and Advances	-29.25	6.68
Trade and Other Payables	-	(1 189.28)
Cash Generated From Operations	-0.93	(1 802.35)
Income Tax Refund	-	-8.46
CASH FLOW FROM OPERATING ACTIVITIES	-0.93	(1 810.81)
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets	-0.46	413.25
Purchase of Investment	-	316
Interest Income	147.03	257.21
Movement In Loans and Advances	-124.85	1 267.57
NET CASH USED IN INVESTING ACTIVITIES	21.72	2 254.03
C. CASH FLOW FROM FINANCING ACTIVITIES
Long Term Borrowing	3.18	-415.85
Interest Paid	-29.05	-29.38
NET CASH FROM FINANCING ACTIVITIES	-25.87	-445.23
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS	-5.06	-2.01
CASH AND CASH EQUIVALENT AT BEGINNING OF THE YEAR	17.13	19.14
CASH AND CASH EQUIVALENT AT THE END OF THE YEAR	12.07	17.13

Certainly, here is a summary of the Cash Flow Statement for the years 2019 and 2018:

A. CASH FLOW FROM OPERATING ACTIVITIES:

Net Profit/(Loss) Before Exceptional And Extraordinary Items:** In 2019, the company reported a Net Profit of Rs 164.35 million, a decrease from the previous year 's Rs 316.38 million.

Adjustments For:

Depreciation: Depreciation amounted to Rs 23.42 million in 2019, showing a slight decrease from Rs 27.37 million in 2018.

(Gain)/Loss on Sale of Assets: No gain or loss on the sale of assets was reported in 2019, while in 2018, there was a loss of Rs 359.7 million.

Balance Written off: No balance was written off in either year for this category.

Provision for Doubtful Debts: No specific amount was provided for 2019, but in 2018, there was a provision of Rs 947.91 million.

Provision for Diminution in Value of Quoted Investments: The diminution in the value of quoted investments was Rs -168.68 million in 2019, a decrease from Rs -265.81 million in 2018.

Bad Debts Written off: Bad debts written off increased to Rs 76.6 million in 2019 from Rs 1,111.30 million in 2018.

Interest Income: Interest income showed a decrease from Rs -257.21 million in 2018 to Rs -147.03 million in 2019.

Interest Paid: Interest paid amounted to Rs 29.05 million in 2019 and Rs 29.38 million in 2018.

Operating Profit Before Working Capital Changes: The operating profit before working capital changes was -Rs 22.29 million in 2019, a decrease from -Rs 343.94 million in 2018.

Adjustment For:

Trade Receivable: Trade receivables increased by Rs 52.35 million in 2019, while in 2018, there was a decrease of Rs -275.81 million.

Inventories: Inventories decreased by Rs -1.74 million in 2019, and no specific amount was provided for 2018.

Short Term Loans and Advances: Short-term loans and advances decreased by Rs -29.25 million in 2019, compared to an increase of Rs 6.68 million in 2018.

Trade and Other Payables: There was no change in trade and other payables in 2019, while in 2018, there was a decrease of Rs -1,189.28 million.

Cash Generated From Operations: Cash generated from operations was -Rs 0.93 million in 2019, an improvement from -Rs 1,802.35 million in 2018.

Income Tax Refund: No income tax refund was reported in 2019, while in 2018, there was a refund of Rs 8.46 million.

CASH FLOW FROM OPERATING ACTIVITIES: The net cash flow from operating activities was -Rs 0.93 million in 2019, an improvement from -Rs 1,810.81 million in 2018.

B. CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of Fixed Assets: The company made a purchase of fixed assets amounting to -Rs 0.46 million in 2019, compared to Rs 413.25 million in 2018.

Purchase of Investment: No specific amount was provided for the purchase of investments in 2019, while in 2018, it was Rs 316 million.

Interest Income: Interest income increased from Rs 257.21 million in 2018 to Rs 147.03 million in 2019.

Movement In Loans and Advances: There was a movement in loans and advances, with a decrease of Rs -124.85 million in 2019 and an increase of Rs 1,267.57 million in 2018.

NET CASH USED IN INVESTING ACTIVITIES: The net cash used in investing activities was Rs 21.72 million in 2019, compared to Rs 2,254.03 million in 2018.

C. CASH FLOW FROM FINANCING ACTIVITIES:

Long Term Borrowing: Long-term borrowing was Rs 3.18 million in 2019, compared to -Rs 415.85 million in 2018.

Interest Paid: Interest paid was -Rs 29.05 million in 2019, a slight decrease from -Rs 29.38 million in 2018.

NET CASH FROM FINANCING ACTIVITIES: The net cash from financing activities was -Rs 25.87 million in 2019, compared to -Rs 445.23 million in 2018.

D. NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS:

The net increase/(decrease) in cash and cash equivalents was -Rs 5.06 million in 2019, compared to -Rs 2.01 million in 2018.

E. CASH AND CASH EQUIVALENT AT BEGINNING AND END OF THE YEAR:**

The cash and cash equivalent at the beginning of the year was Rs 17.13 million in 2019 and Rs 19.14 million in 2018.

The cash and cash equivalent at the end of the year was Rs 12.07 million in 2019 and Rs 17.13 million in 2018.

 

Bellow are the Financial Ratios

Particulars	2014
EBITDA	71.74 %
Networth	-124.47 %
Debt/Equity Ratio	-27.67
Total Assets	-18.80 %
Fixed Assets	-12.28 %
Current Assets	-15.66 %
Current Liabilities	12.88 %
Trade Receivables	-10.51 %
Trade Payables	-30.99 %
Current Ratio	0.89

Here is a summary of the financial and operational metrics for Bilpower Limited for the years 2014:

1. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization):

EBITDA is reported at 71.74%, indicating a high proportion of operating earnings compared to revenue. However, a standalone EBITDA figure doesn 't provide a complete picture of financial health.

2. Networth:

The Networth is reported at -124.47%, suggesting that the company 's liabilities far exceed its assets. This raises concerns about solvency and the overall financial stability of the company.

3. Debt/Equity Ratio:

The Debt/Equity Ratio is reported at -27.67, which is an unusual and concerning figure. A negative debt/equity ratio could indicate that the company has more equity than debt, but further analysis is needed to understand the context of this figure.

4. Total Assets:

Total Assets show a decrease of -18.80%. This could indicate a reduction in the overall asset base, which may impact the company 's ability to generate revenue.

5. Fixed Assets:

Fixed Assets are reported at -12.28%, suggesting a decrease in long-term assets. Understanding the reasons behind this decline is crucial for assessing the company 's investment and capital expenditure strategy.

6. Current Assets:

Current Assets have decreased by -15.66%, which may affect the company 's short-term liquidity. Understanding the composition of current assets is essential for assessing the company 's ability to meet its short-term obligations.

7. Current Liabilities:

Current Liabilities increased by 12.88%, which might impact the company 's short-term financial obligations. Careful analysis of the nature of these liabilities is necessary.

8. Trade Receivables:

Trade Receivables decreased by -10.51%, indicating a potential improvement in the collection of outstanding receivables. However, the context behind this change is vital for a comprehensive understanding.

9. Trade Payables:

Trade Payables decreased significantly by -30.99%, which might affect the company 's relationship with suppliers. A detailed examination of trade payables is necessary to understand the reasons for this decrease.

10. Current Ratio:

The Current Ratio is reported at 0.89, indicating potential challenges in meeting short-term obligations with current assets. A ratio below 1 raises concerns about liquidity.