| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Merit Credit Corporation Limited |
|
Particulars |
2021 |
2020 |
|
ASSETS: |
|
|
|
(1) Financial assets |
|
|
|
(a) Cash and cash equivalents |
5.3 |
11.53 |
|
(b) Bank balance other than (a) above |
1 |
1 |
|
(c ) Loans |
4,808.93 |
4,620.36 |
|
(d) Investments |
167.95 |
86.33 |
|
(e) Other financial Assets |
813.76 |
5.31 |
|
Sub Total - Financial Assets |
5796.94 |
4724.53 |
|
(2) Non Financial Asset |
|
|
|
(a) Property Plant and Equipments |
39.12 |
48.29 |
|
(b) Other Non Financial Assets |
225.18 |
296.38 |
|
Sub Total - Non Financial Assets |
264.3 |
344.67 |
|
TOTAL ASSETS |
6061.24 |
5069.2 |
|
LIABILITIES AND EQUITY: |
|
|
|
LIABILITIES |
|
|
|
(1) Financial Liabilities |
|
|
|
(a) Payables |
|
|
|
(i) Other Payables |
|
|
|
Total outstanding dues of creditors other than above |
0.71 |
0.32 |
|
(b) Borrowings |
4257.79 |
3125.18 |
|
Sub Total-Financial Liabilities |
4258.5 |
3125.5 |
|
(2) Non Financial Liabilities |
|
|
|
(a) Deferred tax liabilities (Net) |
16.34 |
79.48 |
|
(b) Provisions |
516.56 |
10.6 |
|
(c) Other Non financial Liabilities |
6.47 |
41.75 |
|
Sub Total-Non Financial Liabilities: |
539.37 |
131.83 |
|
(3) EQUITY |
|
|
|
(a) Equity share capital |
600 |
600 |
|
(b) Other Equity |
663.37 |
1,211.87 |
|
|
1263.37 |
1811.87 |
|
TOTAL LIABILITIES AND EQUITY |
6061.24 |
5069.2 |
|
Particulars |
2021 |
2020 |
|
Revenue From Operations |
|
|
|
Interest Income |
612 |
539.2 |
|
Dividend Income |
0.33 |
4.14 |
|
Net gain on fair value changes |
228.2 |
62.92 |
|
Total Revenue from operations |
840.53 |
606.26 |
|
Other Income |
1.56 |
14.67 |
|
Total Income |
842.09 |
620.93 |
|
Expenses |
|
|
|
Finance Costs |
668.45 |
572.34 |
|
Employee benefit expenses |
21.82 |
22.24 |
|
Depreciation , amortization and impairment |
9.18 |
9.56 |
|
Others expenses |
141.01 |
26.17 |
|
Total Expenses (IV) |
840.46 |
630.31 |
|
Profit / (loss) before exceptional items and tax |
1.63 |
-9.38 |
|
Exceptional items |
613.36 |
|
|
Profit/(loss) before tax |
-611.73 |
-9.38 |
|
(A) Tax Expense |
-0.1 |
- |
|
(B) Deferred Tax |
-63.14 |
33.12 |
|
Profit/(loss) for the period |
-548.49 |
-42.51 |
|
Total Comprehensive Income |
-548.49 |
-42.51 |
|
Earnings per equity share |
|
|
|
Basic (Rs.) |
-9.14 |
-0.71 |
|
Diluted (Rs.) |
-9.14 |
-0.71 |
|
Particulars |
2021 |
2020 |
|
A. CASH FLOW FROM OPERATING ACTIVITIES: |
|
|
|
Net Profit/(Loss) Before Tax |
-611.65 |
-9.38 |
|
Add :Non operating and non cash items debited in P&L |
|
|
|
Depreciation and Amortization expense |
9.18 |
9.56 |
|
Provision for Standard Assets |
2.29 |
5.76 |
|
Exceptional Item |
613.36 |
787.59 |
|
Operating Profit Before Working Capital Changes |
13.18 |
793.52 |
|
(Increase) / Decrease in Current Assets |
|
|
|
Changes in Other Current Assets |
-808.44 |
-0.24 |
|
Changes in Short term Loan & Advances |
-175.23 |
-2197.11 |
|
Change in Non financial Asset |
71.2 |
-0.1 |
|
Increase / (Decrease) in Current Liabilities |
|
|
|
Changes in Short term Borrowings |
1109.3 |
|
|
Changes in other Non financial Liabilities |
-11.97 |
30.73 |
|
Changes in Provisions |
504.06 |
|
|
Cash Generated From Operations |
702.09 |
-1373.2 |
|
Exceptional Items |
-613.36 |
|
|
Direct Taxes Paid |
-13.33 |
|
|
NET CASH INFLOW / (OUTFLOW) FROM OPERATING ACTIVITIES (A) |
75.4 |
-1373.2 |
|
B. CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
Purchase of Investments |
-81.62 |
1.86 |
|
NET CASH INFLOW / (OUTFLOW ) FROM INVESTING ACTIVITIES (B) |
-81.62 |
1.86 |
|
C. CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
Proceeds from Secured and Unsecured Loans |
|
1935.59 |
|
Interest Expense |
|
-572.35 |
|
NET CASH INFLOW / (OUTFLOW ) FROM FINANCING ACTIVITIES (C) |
- |
1363.24 |
|
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C) |
-6.23 |
-8.09 |
|
Add : Cash and Cash Equivalents as at 1st April, 2020 |
12.53 |
20.62 |
|
Cash and Cash Equivalents as at 31st March, 2021 |
6.3 |
12.53 |
|
Cash and Bank Balances |
6.3 |
12.53 |
Certainly, here is a summary of the Cash Flow Statement for the years 2021 and 2020:
1. Net Profit/(Loss) Before Tax:
In 2021, there was a significant loss of Rs -611.65 compared to a smaller loss of Rs -9.38 in 2020.
2. Non-operating and Non-cash items debited in P&L:
This section includes various non-operating and non-cash items, such as depreciation and amortization expenses, provision for standard assets, and exceptional items. Notably, there was an exceptional item of Rs 613.36 in 2021 and Rs 787.59 in 2020.
3. Operating Profit Before Working Capital Changes:
The operating profit before working capital changes indicates the profit generated from core business operations before considering changes in working capital. In 2021, it was Rs 13.18, while in 2020, it stood at Rs 793.52.
4. Changes in Current Assets and Liabilities:
The next section accounts for changes in current assets and liabilities.
Changes in other current assets were -808.44 in 2021 and -0.24 in 2020.
Changes in short-term loans and advances were -175.23 in 2021 and -2197.11 in 2020.
Change in non-financial assets was 71.2 in 2021 and -0.1 in 2020.
Changes in short-term borrowings were 1109.3 in 2021.
Changes in other non-financial liabilities were -11.97 in 2021 and 30.73 in 2020.
Changes in provisions were 504.06 in 2021.
5. Cash Generated from Operations:
The cash generated from operations is the sum of the operating profit and the adjustments for changes in working capital. In 2021, it was Rs 702.09, while in 2020, it was -1373.19, indicating a significant improvement.
6. Exceptional Items and Direct Taxes Paid:
Exceptional items were -613.36 in 2021, and no exceptional items were reported in 2020. Direct taxes paid were -13.33 in 2021.
7. Net Cash Inflow/(Outflow) from Operating Activities (A):
The net cash inflow/(outflow) from operating activities was Rs 75.4 in 2021 and -1373.19 in 2020.
8. Cash Flow from Investing Activities (B):
The cash flow from investing activities includes the purchase of investments, which was -81.62 in 2021 and 1.86 in 2020.
9. Cash Flow from Financing Activities (C):
The cash flow from financing activities accounts for proceeds from secured and unsecured loans, which were 1935.59 in 2021. Interest expenses were -572.35.
10. Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C):
The net increase/(decrease) in cash and cash equivalents was -6.23 in 2021 and -8.09 in 2020.
11. Cash and Cash Equivalents as at 1st April and 31st March:
The cash and cash equivalents as at 1st April, 2020, were 12.53, and as at 31st March, 2021, it decreased to 6.3.
12. Cash and Bank Balances:
The final section mentions the cash and bank balances, which were 6.3 in 2021 and 12.53 in 2020.
