Ess Dee Aluminium Limited Annual Report and Financials

Ess Dee Aluminium Limited Balance Sheet (Rs In Lakhs)

Particulars	2019	2018
Non-Current Assets
(a) Property, Plant and Equipment	3,790.14	68,905.22
(b) Capital Work-in-Progress	8.14	8.14
(c) Other Intangible Assets	-	1.62
(d) Intangible Assets under Development	188.11	188.11
(e) Financial Assets
(i) - Investments	1.54	1,305.71
(ii) - Trade Receivables	1,086.23	4,923.67
(iii) - Loans	2,320.63	2,285.35
(f) Other Non-Current Assets	3,759.62	3,750.14
Total Non- Current Assets	11,154.41	81,367.97
Current Assets
(a) Inventories	556.78	556.78
(b) Financial Assets
(i) - Investments	-	13.33
(ii) - Cash and Cash Equivalents	72.4	72.86
(iii) - Bank Balance other than (ii) above	2.38	2.38
(iv) - Loans	52.68	1,565.55
(c) Other Current Assets	2,284.50	2,284.50
Total Current Assets	2,968.74	4,495.41
Total Assets	14,123.16	85,863.38
EQUITY AND LIABILITIES
Equity
(a) Equity Share Capital	3,204.78	3,204.78
(b) Other Equity	(1,12,749.23)	-35,118.04
Total Equity	(1,09,544.45)	-31,913.25
Liabilities
Non-current Liabilities
(a) Provisions (Net)	3,523.90	3,525.02
(b) Other Non-Current Liabilities	2,102.62	2,102.62
Total Non-Current Liabilities	5,626.52	5,627.64
Current Liabilities
(a) Financial Liabilities
(i) - Borrowings	1,11,413.10	95,815.61
(ii) - Trade Payables
(A) Total Outstanding dues of Micro enterprises and Small enterprises	4.35	4.35
(B) Total Outstanding dues of other creditors other than	367.86	3,193.47
(b) Other Current Liabilities	5,470.27	12,350.06
(c) Provisions	785.5	785.5
Total Current Liabilities	1,18,041.09	1,12,148.99
Total Equity and Liabilities	14,123.16	85,863.38

Ess Dee Aluminium Limited Profit & Loss Statement (Rs In Lakhs)

Particulars	2019	2018
Other Income	53.15	56.66
Total Revenue	53.15	56.66
Expenses
Cost of materials consumed	-	542.88
Manufacturing Cost	-	1.03
Changes in inventories of finished goods, work in progress and stock-in-trade	-	16.42
Employee benefit expense	37.11	375.83
Depreciation and amortisation expense	3,551.37	3,991.71
Finance cost	15,602.43	13,929.29
Other expense	181.06	31,301.98
Total expenses	19,371.97	50,159.13
Profit/ (loss) before Exceptional Items & Tax	-19,318.82	-50,102.47
Exceptional Items	-58,312.37	-
Profit/ (loss) after Exceptional Items & before Tax	-77,631.19	-50,102.47
Profit/ (loss) for the period	-77,631.19	-50,102.47
Total comprehensive income for the period	-77,631.19	-50,102.47
Earnings per equity share
a) Basic	-242.24	-156.34
b) Diluted	-242.24	-156.34

Ess Dee Aluminium Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2019	2018
A Cash Flow From Operating Activities
Profits before tax	-77,631.19	-50,102.47
Add:
Depreciation		3,991.71
CWIP / ICD / Bad debts Written Off	3,551.37	25,341.91
Loss of Goods due to theft		5,612.06
Exceptional Items	-58,312.37
Loss on sale of Fixed Assets	-	-
Finance Cost	15,602.43	-13,929.29
Operating Profit before working Capital Changes	-209.97	-1667.44
Working Capital Changes
(Increase)/Decrease in Inventories		574.24
(Increase)/Decrease in Other Current Assets	256.27	79.64
Increase/(Decrease) in Trade Payables & Other Liabilities	24.03	1267.9
(Increase)/Decrease in Working Capital	280.3	1921.79
Cash Generated from Operating Activities	70.33	254.35
Tax Paid	-1.12	-1.11
Cash Used (-)/(+) generated for operating activities ( A )	69.21	252.59
B Cash Flow From Investing Activities
Purchase of Fixed Assets including CWIP	-2.58	-1.33
Capital and Foreign fluctuation reserve on consolidation	-250.56	72.46
Net Cash Used in Investing Activities ( B )	253.14	71.13
C Cash Flow From Financing Activities Finance Cost
Finance Cost	-16,199.96	-14,447.43
Proceeds / (Re payment) of Long term borrowings	-9.96
Proceeds / (Re payment) of Short term borrowings	16391.07	14124.19
Net Cash Used in Financing Activities ( C )	181.15	-323.24
D Net Increase (+)/ Decrease (-) in cash and cash equivalents ( A+B+C)	-2.78	-0.49
Cash and Cash Equivalent Opening Balance	87.44	86.95
Cash and Cash Equivalent Closing Balance (Refer Note 11)	84.66	87.44
E Supplementary Information
- Earmarked/ Current Account under lien with Banks/FI 's	76.57	79.43

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

Cash Flows from Operating Activities (A):

1. Profits before Tax:

Represents the company 's earnings before considering taxes.

2019: -77,631.19 Rs

2018: -50,102.47 Rs

2. Add:

Depreciation:

Represents the allocation of the cost of assets over time.

2019: 3,991.71 Rs

2018: Not provided

CWIP / ICD / Bad debts Written Off:

Represents the spending related to work in progress, Inter-Corporate Deposits (ICD), or the write-off of bad debts.

2019: 3,551.37 Rs

2018: 25,341.91 Rs

Loss of Goods due to theft:

Represents the loss incurred due to the theft of goods.

2019: 5,612.06 Rs

2018: Not provided

Exceptional Items:

Represents significant and irregular items that are not part of regular business operations.

2019: -58,312.37 Rs

2018: Not provided

Loss on sale of Fixed Assets:

Represents the loss incurred from selling fixed assets.

2019: Not provided

2018: Not provided

Finance Cost:

Represents the cost of borrowing.

2019: 15,602.43 Rs

2018: -13,929.29 Rs

3. Operating Profit before working Capital Changes:

Represents the profit generated from core operations before considering changes in working capital.

2019: -209.97 Rs

2018: -1667.44 Rs

4. Working Capital Changes:

(Increase)/Decrease in Inventories:

Represents the change in the value of inventory.

2019: Not provided

2018: 574.24 Rs (increase)

(Increase)/Decrease in Other Current Assets:

Represents the change in other current assets.

2019: 256.27 Rs (increase)

2018: 79.64 Rs (increase)

Increase/(Decrease) in Trade Payables & Other Liabilities:

Represents the change in amounts owed to suppliers and other liabilities.

2019: 24.03 Rs (increase)

2018: 1267.9 Rs (increase)

(Increase)/Decrease in Working Capital:

Represents the overall change in working capital.

2019: 280.3 Rs (increase)

2018: 1921.79 Rs (increase)

5. Cash Generated from Operating Activities:

Represents the net cash generated from the company 's core operating activities.

2019: 70.33 Rs

2018: 254.35 Rs

6. Tax Paid:

Represents the cash paid for taxes.

2019: -1.12 Rs

2018: -1.11 Rs

7. Cash Used (-)/(+) generated for operating activities (A):

Represents the overall cash generated or used by the company 's operating activities.

2019: 69.21 Rs

2018: 252.59 Rs

Cash Flows from Investing Activities (B):

1. Purchase of Fixed Assets including CWIP:

Represents the cash spent on acquiring fixed assets and work in progress.

2019: -2.58 Rs

2018: -1.33 Rs

2. Capital and Foreign fluctuation reserve on consolidation:

Represents cash related to capital and foreign fluctuation reserve on consolidation.

2019: -250.56 Rs

2018: 72.46 Rs

3. Net Cash Used in Investing Activities (B):

Represents the overall cash generated or used by the company 's investing activities.

2019: 253.14 Rs

2018: 71.13 Rs

Cash Flows from Financing Activities (C):

1. Finance Cost:

Represents the cost of borrowing.

2019: -16,199.96 Rs

2018: -14,447.43 Rs

2. Proceeds / (Repayment) of Long-term borrowings:

Represents the cash received from or repaid on long-term borrowings.

2019: -9.96 Rs

2018: Not provided

3. Proceeds / (Repayment) of Short-term borrowings:

Represents the cash received from or repaid on short-term borrowings.

2019: 16,391.07 Rs

2018: 14,124.19 Rs

4. Net Cash Used in Financing Activities (C):

Represents the overall cash generated or used by the company 's financing activities.

2019: 181.15 Rs

2018: -323.24 Rs

Net Increase (+)/ Decrease (-) in cash and cash equivalents (D):

Represents the overall change in cash during the period, combining operating, investing, and financing activities.

2019: -2.78 Rs

2018: -0.49 Rs

Cash and Cash Equivalent:

Opening Balance of Cash & Cash Equivalents:**

Represents the cash position at the start of the period.

2019: 87.44 Rs

2018: 86.95 Rs

Closing Balance of Cash & Cash Equivalents:

Represents the final cash position after all cash inflows and outflows.

2019: 84.66 Rs

2018: 87.44 Rs

Supplementary Information (E):

Earmarked/ Current Account under lien with Banks/FI 's:

Represents cash held in accounts under lien with banks/financial institutions.

2019: 76.57 Rs

2018: 79.43 Rs

This detailed breakdown provides insights into how the company 's operating, investing, and financing activities have influenced its cash position during the specified periods. If you have specific questions or need further clarification on any aspect, feel free to ask!

Bellow are the Financial Ratios

Particulars	2019
EBITDA	99.32 %
Networth	-243.26 %
Debt/Equity Ratio	-1.02
Total Assets	-83.55 %
Fixed Assets	-94.23 %
Current Assets	-33.96 %
Current Liabilities	5.25 %
Trade Payables	-88.36 %
Current Ratio	0.03

Here is a summary of the financial and operational metrics for Ess Dee Aluminium Limited for the years 2019:

Financial Metrics:

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

EBITDA Margin: 99.32%

This indicates that the company 's operating earnings, before considering non-operating expenses, are high relative to its revenue. It suggests strong operational efficiency.

2. Networth:

Networth as a percentage: -243.26%

A negative net worth percentage implies that the company 's liabilities exceed its assets. This is a concerning financial situation and may indicate financial distress.

3. Debt/Equity Ratio:

Debt/Equity Ratio: -1.02

A negative debt/equity ratio suggests that the company has more equity than debt. While this might seem positive, it 's unusual and could be a result of negative equity.

4. Total Assets:

Total Assets as a percentage: -83.55%

A negative total assets percentage implies that the company 's liabilities exceed its total assets. This, combined with the negative net worth, raises concerns about the financial health of the company.

5. Fixed Assets:

Fixed Assets as a percentage: -94.23%

A negative percentage for fixed assets indicates that the company 's liabilities exceed its fixed assets. This could suggest that the company might be relying heavily on short-term assets.

Operational Metrics:

6. Current Assets:

Current Assets as a percentage: -33.96%

A negative current assets percentage implies that the company 's liabilities exceed its current assets. This may indicate potential liquidity challenges.

7. Current Liabilities:

Current Liabilities as a percentage: 5.25%

A positive current liabilities percentage indicates that the company 's current liabilities are relatively low compared to its total assets. However, this needs to be assessed in the context of other metrics.

8. Trade Payables:

Trade Payables as a percentage: -88.36%

A negative trade payables percentage suggests that the company 's payables are in a significant deficit. This may indicate a potential strain on the company 's working capital.

9. Current Ratio:

Current Ratio: 0.03

The current ratio is extremely low, indicating that the company may have difficulty meeting its short-term obligations with its current assets. A current ratio below 1 suggests potential liquidity challenges.