Federal Mogul Anand Sealings India Ltd Annual Report and Financials

Federal Mogul Anand Sealings India Limited Balance Sheet 

Particulars	2020	2019
Equity and Liabilities
Shareholders ' funds
Share capital	83,34,142	83,34,142
Reserves and surplus	12,22,24,675	14,59,25,070
	13,05,58,817	15,42,59,212
Non-current liabilities
Long-term provisions	1,22,43,030	1,25,25,013
	1,22,43,030	1,25,25,013
Current liabilities
Short-term borrowings	22,89,59,432	25,00,00,000
Trade payables
	1,62,88,511	2,28,07,789
-total outstanding dues of micro enterprises and small enterprises
-total outstanding dues of creditors other than micro enterprises	13,05,63,226	11,57,06,660
and small enterprises
Other current liabilities	1,11,86,060	2,47,31,237
Short-term provisions	24,15,636	8,56,444
	38,94,12,865	41,41,02,130
Total	53,22,14,712	58,08,86,355
Assets
Non-current assets
Property, plant and equipment	21,81,27,220	20,42,46,281
Intangible assets	31,85,133	44,73,058
Capital work-in-progress	10,64,086	1,30,57,629
Deferred tax asset (net)	73,23,089	73,23,089
Long-term loans and advances	3,06,13,504	2,19,02,968
Other non-current assets	29,629	29,629
	26,03,42,661	25,10,32,654
Current assets
Inventories	10,54,92,043	12,82,44,749
Trade receivables	10,58,10,190	14,00,67,420
Cash and bank balances	32,92,615	1,96,38,526
Short-term loans and advances	2,69,56,099	1,88,65,609
Other current assets	3,03,21,104	2,30,37,397
	27,18,72,051	32,98,53,701
Total	53,22,14,712	58,08,86,355

Federal Mogul Anand Sealings India Limited Profit & Loss Statement 

Particulars	2020	2019
Revenue
Revenue from operations	61,11,85,583	81,18,53,989
Other income	1,07,84,128	27,58,949
Total	62,19,69,711	81,46,12,938
Expenses
Cost of raw materials and components consumed	35,62,11,854	45,03,36,254
Decrease/(Increase) in finished goods, work in progress	89,35,117	1,31,91,490
and stock in trade
Purchase of stock in trade	2,78,59,552	8,39,12,720
Employee benefits expenses	9,80,86,138	11,70,76,336
Finance costs	2,21,60,251	1,79,79,782
Depreciation and amortisation expenses	2,80,47,637	1,98,97,366
Other expenses	10,77,83,300	14,06,31,837
Total	64,90,83,849	84,30,25,785
Profit before tax	-2,71,14,138	-2,84,12,847
Tax expense
MAT credit entitlement	-	-17,23,121
(Excess)/Short provision for earlier years	-34,13,743	32,47,199
Deferred tax expense/(credit)	-	-81,25,423
Total tax expense	-34,13,743	-66,01,345
Profit after tax	-2,37,00,395	-2,18,11,502
Earnings per equity share
Basic and diluted	-2.84	-2.62

 Federal Mogul Anand Sealings India Limited Consolidated Cash Flow Statement

Particulars	2020	2019
A. Cash flow from operating activities
Profit before tax	-2,71,14,138	-2,84,12,847
Adjustments for:
Depreciation and amortisation	2,80,47,637	1,98,97,366
Provision for doubtful debts and advances	11,30,634	14,28,885
Excess liability Written Back	-42,81,678	-
Interest income	-9,811	-4,570
Interest expense	2,21,60,251	1,79,79,782
Unrealised forex (gain)/loss (net)	5,26,273	-2,26,503
(Gain) / Loss on Sale of Fixed Asset	-10,32,966	52,56,657
Operating profit before working capital changes	1,94,26,202	1,59,18,770
Movements in working capital:
Decrease/(Increase) in trade receivables and other current assets	2,01,61,359	-20,42,705
Decrease/(Increase) in inventories	2,27,52,706	-1,08,03,065
(Decrease)/Increase in trade and other payable	-11,56,484	9,83,607
Increase in provisions	12,77,209	17,51,924
Cash generated from operations	6,24,60,992	58,08,531
Direct taxes paid (net of refunds)	-1,18,700	-28,74,023
Net cash from operating activities (A)	6,23,42,292	29,34,508
B. Cash flows from investing activities
Purchase of Property, plant and equipment	-3,74,67,119	-7,50,46,022
Sale of Property, plant and equipment	19,69,924	-
Interest received	9,811	4,570
Net cash flow used in investing activities (B)	-3,54,87,384	-7,50,41,452
C. Cash flows from financing activities
Movement in short term borrowings (net)	-2,10,40,568	10,78,54,881
Interest paid	-2,21,60,251	-1,79,79,782
Net cash used in financing activities (C)	-4,32,00,819	8,98,75,099
Net increase/ (decrease) in cash and cash equivalents (A + B + C)	-1,63,45,911	1,77,68,155
Cash and cash equivalents at the beginning of the year	1,96,38,526	18,70,371
Cash and cash equivalents at the end of the year	32,92,615	1,96,38,526

Certainly, here is a summary of the Cash Flow Statement for the years 2021 and 2020:

 Cash Flow from Operating Activities:

 2020:

- Profit before tax: -2,71,14,138

- Adjustments include:

  - Depreciation and amortisation: 2,80,47,637

  - Provision for doubtful debts and advances: 11,30,634

  - Excess liability Written Back: -42,81,678

  - Interest income: -9,811

  - Interest expense: 2,21,60,251

  - Unrealised forex (gain)/loss (net): 5,26,273

  - (Gain) / Loss on Sale of Fixed Asset: -10,32,966

- Operating profit before working capital changes: 1,94,26,202

- Movements in working capital include:

  - Decrease/(Increase) in trade receivables and other current assets: 2,01,61,359

  - Decrease/(Increase) in inventories: 2,27,52,706

  - (Decrease)/Increase in trade and other payable: -11,56,484

  - Increase in provisions: 12,77,209

- Cash generated from operations: 6,24,60,992

- Direct taxes paid (net of refunds): -1,18,700

- Net cash from operating activities: 6,23,42,292

 2019:

- Profit before tax: -2,84,12,847

- Adjustments include:

  - Depreciation and amortisation: 1,98,97,366

  - Provision for doubtful debts and advances: 14,28,885

  - Interest income: -4,570

  - Interest expense: 1,79,79,782

  - Unrealised forex (gain)/loss (net): -2,26,503

  - (Gain) / Loss on Sale of Fixed Asset: 52,56,657

- Operating profit before working capital changes: 1,59,18,770

- Movements in working capital include:

  - Decrease/(Increase) in trade receivables and other current assets: -20,42,705

  - Decrease/(Increase) in inventories: -1,08,03,065

  - (Decrease)/Increase in trade and other payable: 9,83,607

  - Increase in provisions: 17,51,924

- Cash generated from operations: 58,08,531

- Direct taxes paid (net of refunds): -28,74,023

- Net cash from operating activities: 29,34,508

 Cash Flows from Investing Activities:

 2020:

- Purchase of Property, plant and equipment: -3,74,67,119

- Sale of Property, plant and equipment: 19,69,924

- Interest received: 9,811

- Net cash flow used in investing activities: -3,54,87,384

 2019:

- Purchase of Property, plant and equipment: -7,50,46,022

- Sale of Property, plant and equipment: -

- Interest received: 4,570

- Net cash flow used in investing activities: -7,50,41,452

 Cash Flows from Financing Activities:

 2020:

- Movement in short term borrowings (net): -2,10,40,568

- Interest paid: -2,21,60,251

- Net cash used in financing activities: -4,32,00,819

 2019:

- Movement in short term borrowings (net): 10,78,54,881

- Interest paid: -1,79,79,782

- Net cash used in financing activities: 8,98,75,099

 Net increase/(decrease) in cash and cash equivalents:

 2020:

- -1,63,45,911

 2019:

- 1,77,68,155

 Cash and cash equivalents:

 2020:

- At the beginning of the year: 1,96,38,526

- At the end of the year: 32,92,615

 2019:

- At the beginning of the year: 18,70,371

- At the end of the year: 1,96,38,526