| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Lark Trading and Finance Limited |
|
Particulars |
2023 |
2022 |
|
|
ASSETS |
|
|
|
|
1. Non-current assets |
|
|
|
|
a) Property, plant and equipment |
0 |
0 |
|
|
b) Capital work-in-progress |
0 |
0 |
|
|
c) Other Intangible Asset |
0 |
0 |
|
|
d) Financial assets |
|
|
|
|
i) Investments |
0 |
0 |
|
|
ii) Loans |
530.72 |
439.13 |
|
|
iii) Trade receivables |
0 |
0 |
|
|
iv) Other financial Assets |
0 |
0 |
|
|
e) Deferred tax assets (Net) |
0 |
0 |
|
|
f) Other non-current assets |
0 |
0 |
|
|
Total non current assets |
530.72 |
439.13 |
|
|
2. Current assets |
|
|
|
|
a) Inventories |
0 |
0 |
|
|
b) Financial assets |
|
|
|
|
i) Investments |
0 |
0 |
|
|
ii) Trade receivables |
0 |
0 |
|
|
iii) Cash and Cash equivalents |
2.52 |
15.06 |
|
|
iv) Bank balances other than (iii) above |
0 |
0 |
|
|
v) Loans |
303.79 |
331.12 |
|
|
vi) Other Financial Assets |
0 |
0 |
|
|
c) Current Tax assets (Net) |
3.28 |
5.81 |
|
|
d) Other current assets |
0.14 |
0.14 |
|
|
Total current assets |
309.73 |
352.13 |
|
|
Total Assets |
840.45 |
791.26 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
EQUITY |
|
|
|
|
a) Equity Share capital |
526 |
526 |
|
|
b) Other equity |
187.39 |
178.67 |
|
|
Total Equity |
713.39 |
704.67 |
|
|
LIABILITIES |
|
|
|
|
|
|
||
|
1. Non-current liabilities |
|
|
|
|
a) Financial liabilities |
|
|
|
|
i) Borrowings |
0 |
0 |
|
|
ii)Trade payables |
0 |
0 |
|
|
iii) Other financial liabilities |
0 |
0 |
|
|
b) Provisions |
0 |
0 |
|
|
c) Deferred tax liabilities (Net) |
0 |
0 |
|
|
Total Non Current Liabilities |
0 |
0 |
|
|
2. Current liabilities |
|
|
|
|
a) Financial liabilities |
|
|
|
|
i) Borrowings |
0 |
0 |
|
|
ii) Trade and other payables |
|
|
|
|
-total outstanding dues of micro enterprises and |
0 |
0 |
|
|
- total outstanding dues of creditors other than |
2.07 |
5.28 |
|
|
iii) Other financial liabilities |
122.78 |
79.18 |
|
|
b) Provisions |
2.21 |
2.12 |
|
|
c) Current tax liabilities (Net) |
0 |
0 |
|
|
d) Other current liabilities |
0 |
0 |
|
|
Total current liabilities |
127.06 |
86.59 |
|
|
Total liabilities |
127.06 |
86.59 |
|
|
Total Equity and liabilities |
840.45 |
791.26 |
|
Particulars |
2023 |
2022 |
|
|
Income: |
|
|
|
|
Revenue From Operations |
76.24 |
69.36 |
|
|
Other Income |
0.21 |
0.42 |
|
|
Total Revenue |
76.46 |
69.79 |
|
|
Expenses: |
|
|
|
|
Changes in Inventories of Stock-in-Trade |
0 |
0 |
|
|
Employee Benefits Expense |
45.5 |
47.37 |
|
|
Depreciation |
0 |
0 |
|
|
Other Expenses |
16.45 |
14.19 |
|
|
Total Expenses |
61.95 |
61.56 |
|
|
Profit/ (Loss) before tax and exceptional items |
14.5 |
8.23 |
|
|
Less: Exceptional Items |
0 |
0 |
|
|
Profit/ (Loss) before tax |
14.5 |
8.23 |
|
|
Tax expense: |
|
|
|
|
(1) Current Tax |
4.06 |
2.3 |
|
|
(2) Deferred Tax |
0 |
0 |
|
|
(3) Income tax for earlier year |
1.73 |
0.24 |
|
|
Profit/(Loss) after Tax |
8.72 |
5.68 |
|
|
Other Comprehensive income |
|
|
|
|
(A) Other comprehensive income to be reclassified to profit or |
|
|
|
|
loss in subsequent periods: |
|
|
|
|
(i) Net gain/(loss) on above |
0 |
0 |
|
|
(ii) Tax effect on above |
0 |
0 |
|
|
|
0 |
|
|
|
(B) Other comprehensive income not to be reclassified to |
|
|
|
|
profit or loss in subsequent periods: |
|
|
|
|
(i) Net gain/(loss) on above |
0 |
0 |
|
|
(ii) Tax effect on above |
0 |
0 |
|
|
Total Comprehensive Income for the period |
0 |
0 |
|
|
Profit and Other Comprehensive Income |
|
|
|
|
Earnings per Equity Share |
|
|
|
|
Basic/Diluted |
0.17 |
0.11 |
|
Particulars |
2023 |
2022 |
|
|
A. Cash Flow from Operating Activities : |
|
|
|
|
Net Profit before tax and extraordinary items |
14.5 |
8.23 |
|
|
Depreciation |
0 |
0 |
|
|
Operating Profit before Working Capital Changes |
14.5 |
8.23 |
|
|
Movements in Working Capital : |
|
|
|
|
Increase/(Decrease) in Trade Payables |
-3.21 |
-3.07 |
|
|
Increase/(Decrease)in Short Term Provisions |
0.09 |
-0.46 |
|
|
Increase/(Decrease)in Long Term Provisions |
0 |
0 |
|
|
Increase/(Decrease)in Other financial liabilities |
43.6 |
17.05 |
|
|
Decrease/(Increase in Long Term Loans |
-91.59 |
-78.8 |
|
|
Decrease/(Increase) in Short term Loans |
27.33 |
70.1 |
|
|
Decrease/(Increase) in other financial assets |
0 |
0 |
|
|
Decrease/(Increase) in other current assets |
2.53 |
-2.03 |
|
|
Cash generated from operations/(Used in) Operations |
-6.76 |
11.01 |
|
|
Direct taxes paid (Net of refunds) |
-5.79 |
-2.54 |
|
|
Net Cash from operating activities |
-12.54 |
8.47 |
|
|
B. Cash Flow from Investing Activities |
|
|
|
|
(Purchase)/Sale of Investments |
0 |
0 |
|
|
Net Cash used in investing activities |
0 |
0 |
|
|
C. Cash Flow from Financing Activities |
|
|
|
|
Issue of Share |
0 |
0 |
|
|
Net Cash used in Financing Activities |
0 |
0 |
|
|
Net increase/(decrease) in Cash or Cash Equivalents (A+B+C) |
-12.54 |
8.47 |
|
|
Cash and Cash Equivalents as at (Opening Balance) |
15.06 |
6.59 |
|
|
Cash and Cash Equivalents as at (Closing Balance) |
2.52 |
15.06 |
Here is a summary of the Cash Flow Statement for the years 2023 and 2022:
A. Cash Flow from Operating Activities:
1. Net Profit before Tax and Extraordinary Items:
In 2023, the company reported a Net Profit before tax and extraordinary items of 14.5, a significant increase from the previous year 's figure of 8.23. This suggests improved profitability.
2. Depreciation and Operating Profit:
There is no mention of depreciation, and the operating profit before working capital changes increased from 8.23 in 2022 to 14.5 in 2023. This indicates an increase in the core operational performance.
3. Working Capital Movements:
- Trade Payables: The company experienced a decrease in trade payables, with an increase of -3.21 in 2023 compared to -3.07 in 2022.
- Short Term Provisions: Short term provisions increased by 0.09 in 2023, contrasting with a decrease of -0.46 in 2022.
- Other Financial Liabilities: There was a significant increase in other financial liabilities, rising from 17.05 in 2022 to 43.6 in 2023.
- Long Term Loans and Short Term Loans: A decrease in both long-term and short-term loans is observed, with -91.59 and 27.33 in 2023 compared to -78.8 and 70.1 in 2022, respectively.
- Other Financial and Current Assets: There were minor changes in other financial and current assets.
4. Cash Generated from Operations:
The cash generated from operations or used in operations was -6.76 in 2023, indicating a negative cash flow from operating activities. This contrasts with a positive cash flow of 11.01 in 2022.
5. Direct Taxes Paid:
The company paid net direct taxes of -5.79 in 2023, compared to -2.54 in 2022.
6. Net Cash from Operating Activities:
The net cash from operating activities was -12.54 in 2023, reflecting the overall impact of operational and tax activities, while it was 8.47 in 2022.
B. Cash Flow from Investing Activities:
- There is no mention of any purchase or sale of investments in both 2023 and 2022. Therefore, the net cash used in investing activities is 0 for both years.
C. Cash Flow from Financing Activities:
- No issue of shares or significant financing activities is reported for both years. Hence, the net cash used in financing activities is 0.
Overall Cash Position:
- The net increase/(decrease) in Cash or Cash Equivalents was -12.54 in 2023, indicating a decrease in cash, while it was 8.47 in 2022.
- Cash and cash equivalents at the closing balance were 2.52 in 2023, significantly lower than the opening balance of 15.06. In 2022, the closing balance was 15.06, and the opening balance was 6.59.
|
Ratio |
2023 |
2022 |
|
Current Ratio |
2.44 |
4.07 |
|
Return on Equity Ratio |
1.22% |
0.37% |
|
Net Capital Turnover Ratio |
0.42 |
0.26 |
|
Net Profit Ratio |
0.11 |
0.08 |
|
Return on Capital Employed |
0.02 |
0.01 |
Summary of Financial Ratios for the years 2023 and 2022:
Financial Ratios:
1. Current Ratio:
2023: 2.44
2022: 4.07
Interpretation: The current ratio measures a company 's ability to cover its short-term liabilities with its short-term assets. A higher current ratio is generally considered favorable, as it indicates a better ability to meet short-term obligations. In this case, the current ratio decreased from 4.07 in 2022 to 2.44 in 2023, which might suggest a change in the company 's liquidity position.
2. Return on Equity Ratio:
2023: 1.22%
2022: 0.37%
Interpretation: Return on Equity (ROE) measures how efficiently a company generates profits from its shareholders ' equity. A higher ROE is usually considered positive. The significant increase from 0.37% in 2022 to 1.22% in 2023 suggests an improvement in the company 's ability to generate profits relative to its equity.
3. Net Capital Turnover Ratio:
2023: 0.42
2022: 0.26
Interpretation: The Net Capital Turnover Ratio assesses how efficiently a company utilizes its capital to generate sales. An increase in this ratio indicates improved capital utilization. In this case, the ratio increased from 0.26 in 2022 to 0.42 in 2023, suggesting an enhancement in the efficiency of capital deployment.
4. Net Profit Ratio:
2023: 0.11
2022: 0.08
Interpretation: Net Profit Ratio (Net Profit Margin) indicates the percentage of net profit generated from total revenue. An increase in this ratio implies improved profitability. The ratio increased from 0.08 in 2022 to 0.11 in 2023, suggesting an improvement in the company 's ability to convert sales into profit.
5. Return on Capital Employed:
2023: 0.02
2022: 0.01
Interpretation: Return on Capital Employed (ROCE) measures the efficiency of capital utilization, including both debt and equity. A higher ROCE is generally considered positive. The increase from 0.01 in 2022 to 0.02 in 2023 suggests a slight improvement in the company 's ability to generate returns on its capital employed.
Conclusion:
The current ratio decreased, indicating a potential change in the company 's short-term liquidity position.
Return on Equity (ROE) showed a significant improvement, suggesting enhanced profitability in relation to shareholder equity.
The Net Capital Turnover Ratio increased, indicating improved efficiency in capital utilization for generating sales.
Net Profit Ratio increased, indicating a better conversion of revenue into net profit.
Return on Capital Employed (ROCE) showed a slight improvement, indicating enhanced returns on the overall capital employed by the company.
