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×

Eastern Dooars Tea Co Ltd Annual Report and Financials

Eastern Dooars Tea Co ltd (Eastern Dooars Tea) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Eastern Dooars Tea Co ltd

Eastern Dooars Tea Company Limited Balance Sheet (Rs In Hundreds)

Particular

2023

2022

ASSETS

 

 

NON-CURRENT ASSETS

 

 

Property, Plant and Equipments

549,236.29

554,434.13

Capital work-in-progress

-

8,322.90

Financial Assets

 

 

(a) Investment

10.2

10.2

(b) Other Financial Assets

14,819.76

14,843.26

Total Non Current assets

564,066.25

577,610.49

CURRENT ASSETS

 

 

Inventories

478,725.73

306,157.91

Biological Assets other than bearer plants

30.51

16,708.20

Financial Assets

 

 

(a) Investments

103,824.10

413,381.69

(b) Trade Receivables

239,473.57

224,382.42

(c) Cash and Cash Equivalents

5,673.10

8,795.58

(d) Other Bank Balance

100,000.00

100,000.00

(e) Loans

1,969.36

1,000.00

(f) Current Tax Assets

91,620.34

99,434.28

(g) Other Financial Assets

8,775.49

3,678.70

Other Current Assets

14,641.52

15,291.95

Total Current assets

1,044,733.72

1,188,830.73

Total Assets

1,608,799.97

1,766,441.22

EQUITY AND LIABILITIES

 

 

EQUITY

 

 

Equity Share Capital

20,000.00

20,000.00

Other Equity

1,025,218.89

1,206,123.96

Total Equity

1,045,218.89

1,226,123.96

LIABILITIES

 

 

NON-CURRENT LIABILITIES

 

 

(a) Deferred Tax Liabilities (Net)

2,708.75

266.14

Total Non Current Liabilities

2,708.75

266.14

CURRENT LIABILITIES

 

 

Financial Liabilities

 

 

(a) Borrowings

2,178.90

13,838.22

(b) Trade Payables

 

 

(i) Dues of micro enterprises and small enterprises

6,031.78

2,172.63

(ii) Dues of creditors other than micro enterprises and small enterprises

158,312.71

111,422.61

(c) Other Financial Liabilities

102,176.82

81,265.52

(d) Other Current Liabilities

24,612.86

29,372.52

(e) Provisions

267,559.26

301,979.62

Total Current Liabilities

560,872.33

540,051.12

Total Liabilities

563,581.08

540,317.26

Total Equity and Liabilities

1,608,799.97

1,766,441.22

 Eastern Dooars Tea Company Limited Profit & Loss Statement (Rs In Hundreds)

Particulars

2023

2022

INCOME

 

 

Revenue from Operations (Gross)

2,246,621.48

2,680,219.27

Other Income

18,846.38

23,607.02

Total Income

2,265,467.86

2,703,826.29

EXPENSES

 

 

Cost of Materials Consumed

257,652.54

233,617.70

Changes in Inventories of Finished Goods

-164,314.86

62,231.74

Employee Benefits Expense

814,465.82

751,563.89

Finance Costs

3,670.17

18,679.07

Depreciation and Amortization Expense

41,867.46

46,561.52

Other Expenses

1,507,108.84

1,389,181.46

Total Expenses

2,460,449.97

2,501,835.38

Profit before tax

-194,982.11

201,990.91

Tax expense:

 

 

(a) Current Tax

-

15,000.00

(b) Taxation for earlier years

-18,899.94

-

(c) Deferred Tax

3,061.49

-8,437.18

Profit after Tax for the year

-179,143.66

195,428.09

Other Comprehensive Income:

 

 

Other Comprehensive Income not to be reclassified to profit or loss in subsequent periods :

 

 

Income tax eect thereof

618.88

-

Other Comprehensive Income/ (loss) for the year, net of tax

-1,761.41

-2,740.53

Total Comprehensive Income for the year, net of Tax

-180,905.07

192,687.56

Earnings per Equity Share of Rs.10/- each

 

 

(a) Basic (Rs.)

-89.57

97.71

(b) Diluted (Rs.)

-89.57

97.71

 Eastern Dooars Tea Company Limited Consolidated Cash Flow Statement (Rs In Hundreds)

Particulars

2023

2022

CASH FLOW FROM OPERATING ACTIVITIES :

 

 

Net Profit (Loss) before tax

-194,982.11

201,990.91

Adjustment for :

 

 

Depreciation

41,867.46

46,561.52

Provision for Bad & Doubtful Debts

12,000.00

-

Net Gain on sale of current investments

-6,837.41

-16,862.56

Surplus on sale of Property, Plant and Equipments

-913.86

-

Finance cost

3,670.17

18,679.07

Interest received

-6,658.20

-5,022.50

Short Term Provision

200,008.53

199,311.78

Operating Profit Before Working Capital Changes :

48,154.58

444,658.22

Adjustments for :

 

 

Trade receivables

-15,091.15

57,573.32

Short term loans & advances

-969.36

-1,000.00

Other current assets

-4,422.86

-1,300.00

Inventories

-172,567.82

-41,405.86

Trade payables

50,749.25

19,178.47

Biological assets

16,677.69

-2,373.80

Other current liabilities

16,151.64

-9,388.67

Payment of Provision

-199,311.78

-147,479.24

Cash generated from operations

-260,629.81

318,462.44

Direct taxes paid

-20,403.23

-32,137.79

Cash flow before Extraordinary items

-281,033.04

286,324.65

Extra ordinary items

-

-

Net Cash from Operating Activities

-281,033.04

286,324.65

CASH FLOW FROM INVESTING ACTIVITIES :

 

 

Purchase of Property, Plant & Equipments

-32,788.31

-123

Sale of Property, Plant & Equipments

5,355.45

-

Purchase of investments

-300,000.00

-805,000.00

Sale proceeds of investments

614,014.71

909,651.94

Term Deposit with bank

-

-100,000.00

Interest received

6,658.20

5,022.50

Net Cash from Investing Activities

293,240.05

9,551.44

CASH FLOW FROM FINANCING ACTIVITIES :

 

 

Receipt (Repayment) of borrowings

-11,659.32

-274,596.94

Finance cost

-3,670.17

-18,679.07

Net Cash from Financing Activities

-15,329.49

-293,276.01

Net increase in Cash & Cash Equivalents

-3,122.48

2,600.08

Cash & Cash Equivalents (Opening Balance)

8,795.58

6,195.50

Cash & Cash Equivalents (Closing Balance)

5,673.10

8,795.58

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

1.CASH FLOW FROM OPERATING ACTIVITIES:

Net Profit (Loss) before tax:

In 2023, the company incurred a loss of Rs. 194,982.11, while in 2022, it made a profit of Rs. 201,990.91 before tax.

Adjustment for Depreciation:

Depreciation is a non-cash expense that represents the wear and tear on the company 's assets over time. In 2023, the depreciation expense was Rs. 41,867.46, compared to Rs. 46,561.52 in 2022.

Provision for Bad & Doubtful Debts:

In 2023, the company set aside Rs. 12,000.00 for potential losses from bad and doubtful debts, while there was no such provision in 2022.

Net Gain on sale of current investments:

In 2023, there was a net loss of Rs. 6,837.41 from the sale of current investments, compared to a larger loss of Rs. 16,862.56 in 2022.

Surplus on sale of Property, Plant and Equipments:

In 2023, there was a surplus of Rs. 913.86 from the sale of Property, Plant, and Equipment, while there was no such activity in 2022.

Finance cost:

Finance cost represents the interest paid on borrowings. In 2023, the company incurred Rs. 3,670.17 in finance costs, whereas in 2022, the cost was higher at Rs. 18,679.07.

Interest received:

Interest received represents income earned from investments or deposits. In 2023, the company received Rs. 6,658.20 in interest, compared to Rs. 5,022.50 in 2022.

Short Term Provision:

The company made provisions for short-term expenses, amounting to Rs. 200,008.53 in 2023 and Rs. 199,311.78 in 2022.

Operating Profit Before Working Capital Changes:

This represents the profit generated from core business operations before considering changes in working capital. In 2023, it was Rs. 48,154.58, significantly lower than the Rs. 444,658.22 in 2022.

Adjustments for Working Capital Changes:

These adjustments account for changes in trade receivables, short-term loans & advances, other current assets, inventories, trade payables, biological assets, other current liabilities, and payment of provisions.

Cash generated from operations:

In 2023, the company generated Rs. -260,629.81 in cash from its operating activities, indicating a net outflow. In contrast, in 2022, there was a net inflow of Rs. 318,462.44.

Direct taxes paid:

The company paid direct taxes amounting to Rs. -20,403.23 in 2023 and Rs. -32,137.79 in 2022.

Cash Flow before Extraordinary items:

This is the net cash flow from operating activities before considering any extraordinary items. In 2023, it was Rs. -281,033.04, and in 2022, it was Rs. 286,324.65.

Extraordinary items:

There were no extraordinary items recorded in either 2023 or 2022.

Net Cash from Operating Activities :

In 2023, the net cash flow from operating activities was Rs. -281,033.04, indicating a net outflow. In 2022, it was Rs. 286,324.65, indicating a net inflow.

2. CASH FLOW FROM INVESTING ACTIVITIES:

Purchase and Sale of Property, Plant & Equipments:

In 2023, the company invested Rs. -32,788.31 in purchasing property, plant, and equipment, and earned Rs. 5,355.45 from the sale of such assets. In 2022, there was a purchase of property, plant, and equipment worth Rs. -123.

Purchase and Sale of Investments:

The company invested Rs. -300,000.00 in 2023 and Rs. -805,000.00 in 2022 in various investments. It also earned Rs. 614,014.71 from the sale of investments in 2023 and Rs. 909,651.94 in 2022.

Term Deposit with bank:

In 2022, the company invested Rs. -100,000.00 in a term deposit with a bank.

Interest received:

The company received Rs. 6,658.20 in interest in 2023 and Rs. 5,022.50 in 2022.

Net Cash from Investing Activities :

In 2023, the net cash flow from investing activities was Rs. 293,240.05, indicating a net inflow. In 2022, it was Rs. 9,551.44, also indicating a net inflow.

3. CASH FLOW FROM FINANCING ACTIVITIES:

Receipt (Repayment) of borrowings:

The company received Rs. -11,659.32 in repayments of borrowings in 2023 and Rs. -274,596.94 in 2022.

Finance cost:

Finance costs related to interest paid on borrowings. The company incurred Rs. -3,670.17 in 2023 and Rs. -18,679.07 in 2022.

Net Cash from Financing Activities :

In 2023, the net cash flow from financing activities was Rs. -15,329.49, indicating a net outflow. In 2022, it was Rs. -293,276.01, also indicating a net outflow.

4. Net increase in Cash & Cash Equivalents:

In 2023, there was a net decrease of Rs. -3,122.48 in cash and cash equivalents, while in 2022, there was a net increase of Rs. 2,600.08.

5. Cash & Cash Equivalents (Opening and Closing Balance):

In 2023, the cash and cash equivalents had an opening balance of Rs. 8,795.58 and a closing balance of Rs. 5,673.10. In 2022, the opening balance was Rs. 6,195.50 and the closing balance was Rs. 8,795.58.

This detailed explanation provides a comprehensive understanding of the cash flow activities for the years 2023 and 2022.

Below are the Financial Ratios

Particulars

2023

2022

Current Ratio

1.86

2.2

Debt-Equity Ratio

0

0.01

Debt Service Coverage Ratio

-54.13

9.81

Return on Equity Ratio

0.1714

0.1594

Inventory turnover Ratio

4.69

8.75

Trade Receivable Turnover Ratio

9.38

11.94

Trade Payable Turnover Ratio

9.83

13.19

Net Capital Turnover Ratio

4.64

4.13

Net Profit Ratio

0.0797

0.0729

Return on Capital Employed

-0.1896

0.1495

Return on Investment

0.0658

0.0408

Here is a summary of the financial and operational metrics for Eastern Dooars Tea Company Limited for the years 2023 and 2022:

1. Current Ratio:

In 2023, the current ratio is 1.86, which indicates that the company has Rs. 1.86 in current assets for every Rs. 1 of current liabilities.

In 2022, the current ratio was higher at 2.2, suggesting a stronger liquidity position.

2. Debt-Equity Ratio:

In both 2023 and 2022, the company has a very low debt-equity ratio, with virtually no debt in its capital structure.

3. Debt Service Coverage Ratio:

In 2023, the debt service coverage ratio is -54.13, which indicates a negative coverage, suggesting that the company 's operating income is insufficient to cover its debt service obligations.

In 2022, the ratio was 9.81, indicating a positive debt service coverage.

4. Return on Equity Ratio:

In 2023, the return on equity is 0.1714, meaning that the company generated a return of 17.14% on its equity.

In 2022, the return on equity was slightly lower at 0.1594.

5. Inventory Turnover Ratio:

In 2023, the inventory turnover ratio is 4.69, suggesting that the company 's inventory is turned over 4.69 times during the year.

In 2022, the turnover ratio was higher at 8.75, indicating a faster rate of inventory turnover.

6. Trade Receivable Turnover Ratio:

In 2023, the trade receivable turnover ratio is 9.38, meaning that the company collects its receivables 9.38 times during the year.

In 2022, the turnover ratio was slightly higher at 11.94.

7. Trade Payable Turnover Ratio:

In 2023, the trade payable turnover ratio is 9.83, indicating that the company pays its trade payables 9.83 times during the year.

In 2022, the turnover ratio was 13.19, showing a higher rate of trade payable turnover.

8. Net Capital Turnover Ratio:

In 2023, the net capital turnover ratio is 4.64, which indicates that the company generates Rs. 4.64 in revenue for every Rs. 1 of net capital employed.

In 2022, the ratio was 4.13, suggesting a similar efficiency in capital utilization.

9. Net Profit Ratio:

In 2023, the net profit ratio is 0.0797, meaning that the company has a net profit margin of 7.97%.

In 2022, the net profit ratio was 0.0729, indicating a slightly lower net profit margin.

10. Return on Capital Employed:

In 2023, the return on capital employed is -0.1896, indicating a negative return on the capital employed, which may be a cause for concern.

In 2022, the return on capital employed was positive at 0.1495.

11. Return on Investment:

In 2023, the return on investment is 0.0658, which signifies a return of 6.58% on the company 's investments.

In 2022, the return on investment was 0.0408.

Annual Report

Eastern Dooars Tea Q1 Financials 2023-24

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Eastern Dooars Tea Financials 2022-23

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Eastern Dooars Tea Annual Report 2021-22

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Eastern Dooars Tea Annual Report 2021-20

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