Paras Petrofils Limited Annual Report, Balance Sheet and Financials.

Paras Petrofills Limited Balance Sheet (Rs In Thousands)

Paras Petrofills Limited Profit & Loss Statement (Rs In Thousand)

Paras Petrofills Limited Consolidated Cash Flow Statement (Rs In Thousand)

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities (2023)

- Net Profit after tax: 3,396.66

- Operating profit before working capital changes: 3,396.66

- Change in Current Asset:

  - Other Current Assets: -3,532.10

- Change in Liability:

  - Trade Payables: 539.65

  - Other Current Liability: 61.72

- Change in Working Capital: -2,930.73

- Cash generated from operations: 465.93

- Net cash generated from operating activities: 465.93

Cash Flow from Operating Activities (2022):

- Net Profit after tax: 8,562.47

- Operating profit before working capital changes: 8,562.47

- Change in Current Asset:

  - Other Current Assets: -15,496.48

- Change in Liability:

  - Trade Payables: -251.36

  - Other Current Liability: -36.42

- Change in Working Capital: -15,784.26

- Cash generated from operations: -7,221.80

- Net cash generated from operating activities: -7,221.80

Cash Flow from Investing Activities (2023):

- Increase/Decrease in Investments: 190

- Net increase in cash and cash equivalents (A+B+C): 655.93

Cash Flow from Investing Activities (2022):

- There is no specific data provided for investing activities in 2022.

Cash and Cash Equivalents:

- Cash and cheques on hand: 252.50 (2023), 344.50 (2022)

- Balances with scheduled Banks in the current location: 1,000.00 (2023), 252.07 (2022)

- Cash and cash equivalents at the end of the year: 1,252.50 (2023), 596.57 (2022)

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Paras Petrofills Limited 

1. EBITDA

The EBITDA margin was at -130.29%. A negative EBITDA suggests that the company was not generating enough earnings from its core operations to cover its operating expenses, interest, and other costs.

2. Net Worth

The company 's net worth was reported as -10.69%. A negative net worth implies that the company 's liabilities exceeded its assets, which is a precarious financial position.

3. Debt/Equity Ratio

The company maintained a low debt/equity ratio of 0.03, indicating that the company primarily relied on equity financing rather than debt. However, given the negative net worth, the low ratio doesn 't necessarily reflect a healthier financial situation.

4. Return on Equity

The return on equity was reported at -11.81%. A negative ROE signifies that the company incurred a loss in relation to its shareholders ' equity, which is not favorable.

5. Total Assets

Total assets declined significantly, with a decrease of -25.26%. This indicates a reduction in the company 's asset base during the year.

6. Fixed Assets

Fixed assets declined by -34.65%, indicating a reduction in long-term, tangible assets like property, plants, and equipment.

7. Current Assets

Current assets, which include items such as cash, accounts receivable, and inventory, increased substantially by 66.82%. This may signify an attempt to increase liquidity.

8. Current Liabilities

Current liabilities decreased by -13.93%, which could indicate a reduction in short-term obligations.

9. Trade Receivables

Trade receivables were reported as -100.00%, which might imply that the company had issues with accounts receivable, possibly indicating uncollectible debts.

10. Trade Payables

Trade payables declined by -78.77%, potentially indicating a reduction in outstanding payments to suppliers.

11. Current Ratio

The current ratio was 2.22, suggesting that the company had more current assets than current liabilities, which is generally considered a positive sign for short-term liquidity.