| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Konark Commercial Limited |
|
Particulars |
2021 |
2020 |
|
(1) ASSETS |
|
|
|
Non-current assets |
|
|
|
(a) Property, Plant and Equipment |
11,11,36,616.00 |
5,913.50 |
|
(b) Capital work-in-progress |
4,73,53,305 |
|
|
(c) Intangible Assets |
1,02,445 |
|
|
(d) Financial Assets |
|
|
|
(i) Investments |
2,83,100 |
- |
|
(ii) Others |
79,35,002 |
|
|
(e) Other non-current assets |
- |
- |
|
(f) Deferred Tax Assets (Net) |
66,79,058.00 |
21,67,916.28 |
|
Total Non- current assets |
17,34,89,526.00 |
18,55,95,761.00 |
|
(2) Current assets |
|
|
|
(a) Inventories |
11,94,62,444 |
|
|
(b) Financial Assets |
|
|
|
(i) Trade receivables |
21,80,18,117 |
- |
|
(ii) Cash and cash equivalents |
9,63,605.00 |
1,07,231.22 |
|
(iii) Bank Balances Other Than Above |
- |
|
|
(iv) Loans |
6,81,65,083.00 |
|
|
(v) Others |
- |
|
|
(c) Current Tax Assets (Net) |
1,08,12,345 |
|
|
(d) Non Current Assets classified as held for sale |
- |
|
|
(e) Other current assets |
1,12,03,484.00 |
11,09,555.18 |
|
Total Current Assets |
42,86,25,078.00 |
77,62,36,140.00 |
|
Total Assets |
60,21,14,605.00 |
96,18,31,901.00 |
|
EQUITY AND LIABILITIES |
|
|
|
Equity |
|
|
|
(a) Equity Share capital |
5,80,80,000.00 |
5,80,80,000.00 |
|
(b) Other Equity |
6,22,77,547.00 |
4,72,57,379.00 |
|
LIABILITIES |
12,03,57,547 |
10,53,37,379 |
|
Non-current liabilities |
|
|
|
(a) Financial Liabilities |
|
|
|
(i) Borrowings |
11,21,30,399 |
11,17,59,648 |
|
Provisions |
48,84,968 |
61,93,323 |
|
(b) Deferred tax liabilities (Net) |
- |
24,76,489 |
|
Total Non- Current Liabilities |
11,70,15,367.00 |
12,04,29,460 |
|
Current liabilities |
|
|
|
(a) Financial Liabilities |
|
|
|
(i) Borrowings |
24,04,41,164.00 |
38,31,02,158.00 |
|
(ii) Trade Payables |
|
|
|
(a) Total outstanding dues of micro enterprises and small enterprises; and |
15,51,600.00 |
20,57,359.00 |
|
(b) Total outstanding dues of creditors other than micro enterprises and small enterprises |
9,63,65,698.00 |
14,67,64,559.00 |
|
(iii) Other Financial Liabilities |
1,27,01,064.00 |
1,26,23,782.00 |
|
(b) Other current liabilities |
1,33,34,794.00 |
19,12,69,272.00 |
|
(c) Current Tax Liabilities (Net) |
- |
- |
|
(d) Provisions |
3,47,370.00 |
2,47,932.00 |
|
Total Current Liabilities |
36,47,41,691.00 |
73,60,65,062.00 |
|
Total Liabilities |
48,17,57,058.00 |
85,64,94,522.00 |
|
Total Equity and Liabilities |
60,21,14,605.00 |
96,18,31,901.00 |
|
Revenue From Operations |
18,37,68,894.00 |
71,30,38,877.00 |
|
Other Income |
90,44,792 |
66,12,793 |
|
Total Income (I) |
19,28,13,686.00 |
71,96,51,670.00 |
|
EXPENSES |
|
|
|
Cost of materials consumed |
5,27,00,923 |
7,95,57,262 |
|
Purchases of Stock-in-Trade |
9,77,95,765.00 |
43,50,56,327.00 |
|
Changes in inventories of finished goods/ Stock-in -Trade |
3,82,61,008 |
4,32,79,608 |
|
Employee benefits expense |
1,02,01,451.00 |
7,79,34,456.00 |
|
Finance costs |
3,55,79,624 |
4,49,69,920.00 |
|
Depreciation and amortization expense |
1,60,62,450 |
2,54,60,914 |
|
Impairment of financial assets |
-62,47,493 |
2,41,36,775 |
|
Other expenses |
6,11,57,689.00 |
6,86,13,421.00 |
|
Total expenses (II) |
30,55,11,417.00 |
79,90,08,683.00 |
|
Profit / (loss) before exceptional items and income tax (I-II) |
-11,26,97,731.00 |
-7,93,57,013.00 |
|
Exceptional Items |
|
|
|
Dimunition in the value of Investments of subsidiary |
- |
-8,48,88,000 |
|
Profit (Loss) on sale of Fixed Assets/Store |
19,33,73,355 |
-2,43,45,998 |
|
Bad Debts |
-7,35,73,513 |
- |
|
Profit/(loss) before tax (III-IV) |
71,02,112.00 |
-18,85,91,011.00 |
|
Tax expense: |
|
|
|
(1) Current tax |
4,00,000.00 |
- |
|
(2) Deferred tax charge/ (benefits) |
-95,04,804 |
-2,34,66,449 |
|
(3) Tax Expense for earlier years |
-40,157 |
- |
|
Profit / (Loss) after tax for the year (V - VI) |
1,62,47,073.00 |
-16,51,24,562.00 |
|
Other Comprehensive Income, net of tax |
- |
- |
|
Items that will not be classified to profit or loss |
|
|
|
(i) Remeasurement gain/(loss) on defined benefit plans |
13,43,297 |
-3,12,130 |
|
(ii) Income tax relating to remeasurement (gain)/loss on above |
-3,49,257 |
- |
|
Other comprehensive profit for the year |
9,94,040 |
-3,12,130 |
|
Total Comprehensive Income for the year (VII-VIII) |
1,72,41,113 |
- |
|
Earnings per equity share (Face Value of Rs. 10/- each) |
|
|
|
Basic – After Exceptional Items |
2.8 |
-28.43 |
|
Basic – Before Exceptional Items |
-17.83 |
-9.62 |
|
Diluted – After Exceptional Items |
2.8 |
-28.43 |
|
Diluted – Before Exceptional Items |
-17.83 |
-9.62 |
|
Particulars |
2021 |
2020 |
|
CASH FLOW FROM OPERATING ACTIVITIES:- |
|
|
|
Net Profit before tax & Extra Ordinary Items |
71,02,112.00 |
-7,93,57,013.00 |
|
Adjustment for: |
|
|
|
Depreciation |
1,60,62,450 |
2,54,60,914 |
|
Interest paid |
3,55,79,624 |
4,49,69,920 |
|
Prior Period Adjustments |
22,20,943 |
1,99,081 |
|
Provision for Impairment |
-62,47,493 |
2,41,36,775 |
|
(Profit)Loss on Sale of Fixed Assets |
-19,33,73,355 |
- |
|
Interest Income (considered Seperately) |
-79,27,212 |
-64,65,420 |
|
Operating Profit before Working capital changes |
-14,65,82,932.00 |
89,44,256.00 |
|
Working Capital Changes: |
|
|
|
(Increase)Decrease in Sundry debtors |
12,22,64,529 |
-4,69,04,517.00 |
|
(Increase)Decrease in Loans & Advances |
-58,65,393.00 |
-2,97,58,769.00 |
|
(Increase)Decrease in Inventories |
4,46,35,109 |
4,82,04,929 |
|
Increase(Decrease) in Trade Payable(Incl.Work’g Cap.Fin) |
-23,54,05,793.00 |
1,57,69,039.00 |
|
Cash Generated from Operations |
-22,09,54,481.00 |
-37,45,062.00 |
|
Direct Taxes paid |
-29,05,565 |
-13,41,515.00 |
|
Cash Flow Before Prior Period & Extra Ordinary Items |
-22,38,60,046.00 |
-50,86,577.00 |
|
Prior Period & Extra Ordinary Items |
-22,20,943.00 |
-1,99,081.00 |
|
Net Cash Flow From Operating Activities |
-22,60,80,988.00 |
-52,85,658.00 |
|
B. CASH FLOW FROM INVESTING ACTIVITIES : |
|
|
|
Purchase of Fixed Assets |
-18,75,792 |
-1,46,10,604 |
|
Interest Income |
79,27,212 |
64,65,420 |
|
Advance Received against Sale of Land and Building |
- |
15,86,23,589 |
|
Sale of fixed assets |
24,17,40,279 |
70,94,748 |
|
Net Cash Outflow for investing Activities |
24,77,91,700.00 |
15,75,73,153.00 |
|
C. CASH FLOW FROM FINANCING ACTIVITIES : |
|
|
|
Proceeds from Long term borrowing (Net of Repayments) |
3,70,751 |
58,44,865 |
|
Proceeds from Short term borrowing (Net of Repayments) |
-14,26,60,993 |
3,20,97,003 |
|
Interest paid |
-3,55,79,624 |
-4,49,69,920 |
|
Net Cash Flow from Financing Activities |
-17,78,69,867 |
-70,28,052.00 |
|
Increase in cash and cash equivalents |
-15,61,59,156.00 |
14,52,59,444.00 |
|
Cash &Cash Equivalent (Opening Balance) |
15,71,22,761.00 |
1,18,63,317.00 |
|
Cash &cash equivalent(Closing balance) |
9,63,605.00 |
15,71,22,761.00 |
|
Increase in cash & cash equivalent |
-15,61,59,156.00 |
14,52,59,444.00 |
Here is a summary of the Cash Flow Statement for the years 2021 and 2020:
1. Cash Flow from Operating Activities:
Net Profit before tax & Extraordinary Items: In 2021, the company reported a net profit of ₹71,02,112, while in 2020, it suffered a loss of ₹7,93,57,013 before tax and extraordinary items.
Adjustments: Several adjustments were made to calculate cash flow from operating activities, including depreciation, interest paid, prior period adjustments, provision for impairment, profit or loss on sale of fixed assets, and interest income. These adjustments help reconcile non-cash expenses or revenues with actual cash flows.
Operating Profit before Working Capital Changes: After adjusting for non-cash items, the operating profit was negative in 2021 and positive in 2020.
Working Capital Changes: The changes in working capital components such as sundry debtors, loans & advances, inventories, and trade payable significantly impacted cash flows from operations.
Cash Generated from Operations: In 2021, cash generated from operations was negative, indicating that the company 's operating activities consumed cash. In contrast, in 2020, there was a positive cash flow from operations.
2. Cash Flow from Investing Activities:
The company made investments in fixed assets, with a higher outflow in 2021 compared to 2020.
Interest income earned from investments offset a portion of the investment outflow.
Advance received against the sale of land and building indicates a potential future cash inflow from the sale of assets.
Sale of fixed assets resulted in significant cash inflow, particularly in 2021.
3. Cash Flow from Financing Activities:
The company obtained proceeds from long-term and short-term borrowings, with a higher net inflow in 2021.
Interest paid on borrowings resulted in cash outflow.
Overall, there was a net cash outflow from financing activities in both years, indicating a reliance on external financing sources.
4. Increase in Cash and Cash Equivalents:
The company experienced a significant decrease in cash and cash equivalents in 2021 due to negative cash flows from operating and investing activities, despite a net inflow from financing activities.
In contrast, there was a substantial increase in cash and cash equivalents in 2020, primarily driven by positive cash flows from operating and investing activities.
5. Closing Cash & Cash Equivalents:
The closing balance of cash and cash equivalents decreased drastically in 2021, indicating a precarious financial position.
However, in 2020, the closing balance remained high, reflecting a healthier financial position.
|
Ratio |
2021 |
2020 |
|
Debtors Turnover Ratio |
0.63 |
1.49 |
|
Inventory Turnover Ratio |
1.39 |
1.64 |
|
Interest Coverage Ratio |
1.2 |
0.57 |
|
Net Profit Margin |
4% |
-26% |
|
Current Ratio |
1.18 |
1.31 |
|
Return on Capital Employed |
-0.35 |
0.1 |
|
Return on Networth |
-0.06 |
-2.5 |
Summary of Financial Ratios for the years 2021 and 2020:
1. Debtors Turnover Ratio:
In 2021, the debtors turnover ratio decreased to 0.63 from 1.49 in 2020. This indicates that the company took longer to collect payments from its debtors in 2021 compared to 2020.
2. Inventory Turnover Ratio:
The inventory turnover ratio decreased from 1.64 in 2020 to 1.39 in 2021. This suggests that the company 's inventory turnover slowed down, possibly indicating inefficient inventory management or decreased sales.
3. Interest Coverage Ratio:
The interest coverage ratio improved from 0.57 in 2020 to 1.2 in 2021. This indicates that the company 's ability to cover interest expenses with its earnings improved slightly in 2021.
4. Net Profit Margin:
The net profit margin improved from -26% in 2020 to 4% in 2021. This indicates that the company was able to generate a positive net profit margin in 2021, compared to a significant loss in 2020.
5. Current Ratio:
The current ratio decreased from 1.31 in 2020 to 1.18 in 2021. Although it 's still above 1, indicating that the company has more current assets than current liabilities, the decrease suggests a potential weakening of the company 's liquidity position.
6. Return on Capital Employed (ROCE):
The return on capital employed (ROCE) deteriorated from 0.1% in 2020 to -0.35% in 2021. This indicates that the company 's ability to generate profits from its capital employed turned negative in 2021.
7. Return on Net Worth (RONW):
The return on net worth (RONW) worsened from -2.5% in 2020 to -0.06% in 2021. This indicates that the company 's profitability relative to its net worth remained negative in 2021 but improved slightly compared to 2020.
