Hind Syntex Suspended Share Price

Hind Syntex Limited Balance Sheet (In Rs Lakhs)

Particulars	2018	2017
ASSETS
Non- Current Assets
Property, Plant and Equipment	1611.74	1,677.57
Other Intangible Assets	0.2	0.42
Financial Assets
(i) Investments	0.47	0.31
(ii) Other Financial Assets	111.08	108.9
Other Non-Current Assets	19.21	19.76
Total non- current assets	1,742.70	1,806.96
Current Assets
Inventories	198.5	85.82
Financial Assets
(i) Trade Receivables	10.12	4.57
(ii) Cash and Cash Equivalents	0.76	49.54
(iii) Other Financial Assets	4.38	22.82
Current Tax Assets (Net)	15.23	75.07
Other Current Assets	240.1	503.42
Total current assets	469.1	741.24
Total Assets	2,211.79	2,548.20
EQUITY AND LIABILITIES
1] Shareholder 's Funds:
Share Capital	1,272.72	1,272.72
Other Equity	-852.66	-607.09
Total shareholder 's funds	420.06	665.63
2]  Non-Current Liabilities
Borrowings	-	4.43
Provisions	20.42	42.5
Total non- current liabilities	20.42	46.92
3] Current Liabilities
Financial Liabilities
(i) Borrowings	-	3.75
(ii) Trade Payables	942.79	372.49
(iii) Other Financial Liabilities	178.03	221.43
Other Current Liabilities	596.36	1,164.03
Provisions	54.14	73.94
Total current liabilities	1,771.31	1,835.65
Total Equity and Liabilties	2,211.79	2,548.20

Hind Syntex Limited Profit & Loss Statement (In Rs Lakhs)

Particulars	2018	2017
Revenue From Operations	4,290.91	4056.1
Other Income	110.37	29.08
Revenue from Operations (net)	4,401.28	4,085.18
Expenses
Purchases of Stock in Trade	95.75	-
Cost of Materials Consumed	1,461.87	2.6
Change in Inventories of Finished Goods and Work in Progress	-121.64	16.23
Employees benefit expense	1,412.54	1,732.86
Finance cost	0.63	0.83
Depriciation and amortization expense	67.68	68.36
Other expenses	1,763.85	2,323.79
Total expenses	4,680.67	4,144.68
Profit/(Loss) before exceptional items and tax	-279.4	-59.5
Profit/(Loss) before tax	-279.4	-59.5
Profit/(Loss) for the Year	-279.4	-59.5
Other Comprehensive income
Item that will not reclassified to profit or loss Remeasurement gain/(losses)on defined benefit plan Liability/Assets	33.82	21.18
Other Comprehensive income for the year	33.82	21.18
Total Comprehensive Income/(Loss) for the year	-245.57	-38.32
Earning per Equity share for Rs 5 each
Basic	-2.2	-0.47
Diluted	-2.2	-0.47

 

Hind Syntex Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Particulars	2018	2017
Cash flows from operating activities
Net Profit/(Loss) before tax, & extraordinary items	-279.4	-59.5
Adjustment for:
Depreciation	67.68	68.36
Liability no longer require Written back	-10.18	-1.93
(Profit)/Loss on sale of Fixed assets	-7.45	23.09
Interest & Finance Charges received	-7.2	-7.43
Remeasurement of employment defined benefit plan	33.82	21.18
Interest and Financial charges paid	0.63	0.83
Operating profi before working capital changes	-202.1	44.61
Adjustments for:
(Increase)/ decrease in Inventories	-112.68	8.67
(Increase)/ decrease in Trade and other Receivables	274.58	-374.84
Increase/ (decrease) in Trade Other Payables	-72.49	408.03
Income Tax (Paid)/Refund	59.84	16.83
Net cash inflow from operating activities	-52.84	103.3
Cash flows from investing activities
Acquisition of Fixed Assets	-34.45	-140.23
Purchase of Shares	-0.16	-0.31
Sale of Fixed Assets	40.27	52.6
Interest received	7.2	7.43
Net cash outflow from investing activities	12.86	-80.51
Cash flow from financing activities
Increase/ (Decrease) in Secured Loan	-8.17	8.17
Interest paid	-0.63	-0.83
Net cash outflow from financing activities	-8.8	7.34
Net cash inflow/ (outflow) during the year	-48.78	30.13
Cash and cash equivalents at beginning of period	49.54	19.41
Cash and cash equivalents at end of period	0.76	49.54

 

Here is a summary of the Cash Flow Statement for the years 2018 and 2017:

 

Operating Activities:

1. Net Profit/(Loss) before Tax & Extraordinary Items:

In 2018, the company reported a Net Loss before tax and extraordinary items of -₹279.4 million, a decrease from the loss of -₹59.5 million in 2017.

2. Adjustments:

   -Depreciation:

    Depreciation decreased slightly from ₹68.36 million in 2017 to ₹67.68 million in 2018.

   - Liability No Longer Required Written Back:

     Liability no longer required written back was -₹10.18 million in 2018, compared to -₹1.93 million in 2017.

   - Profit)/Loss on Sale of Fixed Assets:

     - A loss of -₹7.45 million on the sale of fixed assets was recorded in 2018, while a profit of ₹23.09 million was recorded in 2017.

  - Interest & Finance Charges Received:

    Interest and finance charges received were -₹7.2 million in 2018, slightly lower than -₹7.43 million in 2017.

   - Remeasurement of Employment Defined Benefit Plan:

     Remeasurement of the employment defined benefit plan increased from ₹21.18 million in 2017 to ₹33.82 million in 2018.

   - Interest and Financial Charges Paid:

     Interest and financial charges paid were minimal, increasing from ₹0.83 million in 2017 to ₹0.63 million in 2018.

   - Operating Profit before Working Capital Changes:

     The operating profit before working capital changes decreased from ₹44.61 million in 2017 to -₹202.1 million in 2018.

3. Adjustments for Working Capital Changes:

   - (Increase)/Decrease in Inventories:

     There was a decrease in inventories of -₹112.68 million in 2018, compared to an increase of ₹8.67 million in 2017.

   - (Increase)/Decrease in Trade and Other Receivables:

     Trade and other receivables increased by ₹274.58 million in 2018, while there was a decrease of -₹374.84 million in 2017.

   - Increase/(Decrease) in Trade Other Payables:

     There was a decrease in trade and other payables of -₹72.49 million in 2018, compared to an increase of ₹408.03 million in 2017.

   - Income Tax (Paid)/Refund:

     Income tax paid/refund was ₹59.84 million in 2018, compared to ₹16.83 million in 2017.

4. Net Cash Inflow from Operating Activities:

   In 2018, the net cash inflow from operating activities was -₹52.84 million, a decrease from ₹103.3 million in 2017.

 

Investing Activities:

5. Acquisition of Fixed Assets:

   The company spent -₹34.45 million on the acquisition of fixed assets in 2018, compared to -₹140.23 million in 2017.

6. Purchase of Shares:

   Nominal spending on the purchase of shares, -₹0.16 million in 2018 and -₹0.31 million in 2017.

7. Sale of Fixed Assets:

   The sale of fixed assets generated ₹40.27 million in 2018, compared to ₹52.6 million in 2017.

8. Interest Received:

   Interest received increased slightly from ₹7.43 million in 2017 to ₹7.2 million in 2018.

9. Net Cash Outflow from Investing Activities:

   In 2018, the net cash outflow from investing activities was ₹12.86 million, a decrease from -₹80.51 million in 2017.

 

Financing Activities:

10. Increase/(Decrease) in Secured Loan:

There was a decrease in secured loans of -₹8.17 million in 2018, compared to an increase of ₹8.17 million in 2017.

11. Interest Paid:

Interest paid decreased from -₹0.83 million in 2017 to -₹0.63 million in 2018.

12. Net Cash Outflow from Financing Activities:

In 2018, the net cash outflow from financing activities was -₹8.8 million, compared to ₹7.34 million in 2017.

Overall Cash Position:

13. Net Decrease in Cash and Cash Equivalents:

In 2018, there was a net decrease of ₹48.78 million in cash and cash equivalents, compared to an increase of ₹30.13 million in 2017.

14. Cash and Cash Equivalents at the Beginning of the Period:

In 2018, cash and cash equivalents at the beginning of the period were ₹49.54 million, compared to ₹19.41 million in 2017.

15. Cash and Cash Equivalents at the End of the Period:

In 2018, cash and cash equivalents at the end of the period were ₹0.76 million, compared to ₹49.54 million in 2017.

Financial Ratios (NA)

Dividend History (NA)