| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| River Front Hotels Limited |
|
Particulars |
2022 |
2021 |
|
ASSETS |
|
|
|
Non-Current Assets |
|
|
|
(a) Property, Plant and Equipment |
10,42,36,024 |
10,42,36,024 |
|
(b) Capital Work In Progress |
1,80,09,183 |
1,80,09,183 |
|
(c) Investment Property |
- |
- |
|
(d) Goodwill |
- |
- |
|
(e ) Other Intangible Assets |
|
|
|
(f) Intangible Assets under development |
- |
- |
|
(g) Biological Assets other than bearer plants |
- |
- |
|
(h) Financial Assets |
- |
- |
|
(i)Investments |
1,000 |
1,000 |
|
(ii) Trade Receivables |
|
|
|
(iii) Loans |
5,51,261 |
5,51,261 |
|
(iv) Deposits and Others |
1,08,441 |
1,07,100 |
|
(i)Deferred Tax Assets (Net) |
3,624 |
4,062 |
|
(j) Other Non-Current Asset |
|
|
|
Sub-Total- Non-Current |
12,29,09,533 |
12,29,08,630 |
|
Assets |
|
|
|
Current Assets |
|
|
|
- |
- |
|
|
(a) Inventories |
|
|
|
(b) Financial Assets |
- |
- |
|
(i) Investments |
- |
- |
|
(ii) Trade Receivables |
-42,52,904 |
-40,44,176 |
|
(iii) Cash and Cash Equivalents |
|
|
|
(iv) Bank Balances other than (iii) above |
|
|
|
(v) Loans |
|
|
|
(vi) Others |
|
|
|
(c) Current Tax Assets (Net) |
|
|
|
(d) Other Current Assets |
|
|
|
Sub-Total-Current Assets |
42,52,904 |
40,44,176 |
|
TOTAL ASSETS |
12,71,62,437 |
12,69,52,806 |
|
EQUITY AND LIABILITIES |
|
|
|
Shareholder’s Funds |
|
|
|
(a) Equity Share Capital |
3,00,74,550 |
3,00,74,550 |
|
(b) Other Equity |
-3,12,638 |
11,19,767 |
|
Sub-Total Equity |
2,97,61,912 |
3,11,94,317 |
|
LIABILITIES |
|
|
|
(a) Financial Liabilities |
- |
- |
|
(i) Borrowings |
4,90,605 |
4,90,605 |
|
(ii) Trade Payables |
6,59,702.00 |
6,58,361.00 |
|
(iv) Financial Liability other than (b) |
- |
- |
|
(b) Provisions |
|
|
|
(c) Deferred Tax Liabilities (Net) |
- |
- |
|
(d) Other Non-Current Liabilities |
9,65,79,120 |
9,49,79,120 |
|
Sub-Total-Non-Current Liabilities |
9,70,69,725 |
9,54,69,725 |
|
Current Liabilities |
42,52,903.00 |
40,44,176.00 |
|
(a) Financial Liabilities |
- |
- |
|
(i) Borrowings |
- |
- |
|
(ii) Trade Payables |
|
|
|
(iv) Other Financial Liabilities |
|
|
|
(b) Other Current Liabilities |
|
|
|
(c ) Provisions |
|
|
|
(d) Current Tax Liabilities (Net) |
|
|
|
Sub-Total- Current Liabilities |
|
|
|
TOTAL – EQUITY AND LIABILTIES |
12,71,62,437.00 |
12,69,52,806.00 |
|
Particulars |
2022 |
2021 |
|
|
Income |
|
|
|
|
Revenue from Operations |
30,83,428 |
30,77,333 |
|
|
Other Income |
1,67,909 |
2,05,992 |
|
|
Total Income(I+II) |
32,51,337 |
32,83,325 |
|
|
Expenses: |
|
|
|
|
Cost of Material Consumed |
23,09,242 |
21,17,360 |
|
|
Purchases of Stock-in-Trade |
- |
- |
|
|
Changing in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade |
- |
- |
|
|
Employee Benefits Expense |
4,94,000 |
5,82,000 |
|
|
Finance Cost |
- |
- |
|
|
Depreciation and Amortization Expense |
- |
- |
|
|
Other Expenses |
18,80,063 |
5,01,514 |
|
|
Total Expenses |
46,83,305 |
32,00,874 |
|
|
Profit before Exceptional and Extraordinary Items and Tax (III-IV) |
-14,31,968 |
82,451 |
|
|
Exceptional Items |
- |
- |
|
|
Profit before Extraordinary Items |
|
|
|
|
and Tax (V-VI) |
-14,31,968 |
82,451 |
|
|
Extraordinary Items |
- |
56,459 |
|
|
Profit before Tax (VII-VIII) |
-14,31,968 |
25,991 |
|
|
Tax Expense: |
437 |
22,006 |
|
|
(1) Current Tax |
- |
20,264 |
|
|
(2) Deferred Tax |
437 |
1,742 |
|
|
Profit/(Loss) for the period from Continuing Operations (IX-X) |
-14,32,405 |
3,985 |
|
|
Profit/(Loss) from Discontinuing Operations |
- |
- |
|
|
Tax Expense of Discontinuing |
|
|
|
|
Operations |
- |
- |
|
|
Profit/(Loss) from Discontinuing Operations (after tax) (XII-XIII) |
- |
- |
|
|
Profit/(Loss) for the Period (XI+XIV) |
-14,32,405 |
3,985 |
|
|
Other Comprehensive Income |
- |
- |
|
|
A. (i) Items that will not be reclassified to Profit or Loss |
- |
- |
|
|
(ii) Income tax relation to items that will not be reclassified to Profit & Loss |
- |
- |
|
|
B. (i) Items that will be reclassified to Profit or Loss |
- |
- |
|
|
(ii) Income tax relation to items that will be reclassified to Profit & Loss |
- |
- |
|
|
Total Comprehensive Income for the period (XV+XVI) Comprising profit/Loss and Other Comprehensive Income for the period |
-14,32,405 |
3,985 |
|
|
Earning per Equity Share: (For continuing operations) |
-0.476 |
0.001 |
|
|
(1) Basic |
|
|
|
|
(2) Diluted |
|
|
|
|
Earning per Equity Share: (For discontinued & continuing operations) (1) Basic |
0.476
|
0.001
|
|
|
(2) Diluted |
|
|
|
Particulars |
2022 |
|
|
CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
Net Profit before Tax and Extraordinary items |
-14,31,968 |
|
|
Adjustments for : |
|
|
|
Depreciation |
- |
|
|
Provision for Income Tax |
- |
|
|
Extra Ordinary Items |
- |
|
|
Interest Income |
-1,67,909 |
|
|
Operating Profit Before Working Capital Changes |
-15,99,877 |
|
|
Adjustments for : |
|
|
|
Proceeds from / (repayment of ) long term borrowings |
- |
|
|
Trade Payable & Other Long Term Liabilities |
16,22,036 |
|
|
Trade Receivable & Long Term Loans and advances |
-1,341 |
|
|
Audit Fees Payable |
20,000 |
|
|
Cash Generated From / (Used In) Operations |
40,818 |
|
|
Taxes Paid |
- |
|
|
Interest Paid |
- |
|
|
Cash Flow Before Extraordinary Items |
40,818 |
|
|
Other adjustments |
- |
|
|
Net Cash from Operating Activities |
40,818 |
|
|
CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
Purchase of Fixed Assets |
- |
|
|
Sale of Fixed Assets |
- |
|
|
Interest Received |
1,67,909 |
|
|
Net Cash Used in Investing Activities |
1,67,909 |
|
|
CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
Net Cash Generated in Financing Activities |
- |
|
|
Net Increase in Cash and Cash Equivalents |
2,08,727 |
|
|
Cash And Cash Equivalents as at the Beginning of the year |
40,44,176 |
|
|
Cash And Cash Equivalents as at the Closing of the year |
42,52,903 |
Here is a summary of the Cash Flow Statement for the years 2022 and 2021:
1. Net Profit before Tax and Extraordinary Items: The company reported a net profit before tax and extraordinary items of -14,31,968.
2. Operating Profit Before Working Capital Changes: After accounting for adjustments like interest income of -1,67,909, the operating profit before working capital changes stood at -15,99,877.
3. Adjustments for Working Capital Changes: Further adjustments were made for changes in working capital, including proceeds from or repayment of long-term borrowings, trade payable and other long-term liabilities, trade receivable and long-term loans, and advances, as well as audit fees payable. The net effect of these adjustments resulted in a cash generation of 40,818 from operating activities.
4. Cash Flow Before Extraordinary Items: The cash flow before extraordinary items remained at 40,818.
5. Cash Flow from Investing Activities: The company did not engage in the purchase or sale of fixed assets during the period. However, it received interest amounting to 1,67,909, leading to a net cash inflow of 1,67,909 from investing activities.
6. Cash Flow from Financing Activities: The statement does not provide details on net cash generated or used in financing activities.
7. Net Increase in Cash and Cash Equivalents: The net increase in cash and cash equivalents for the year was 2,08,727.
8. Cash and Cash Equivalents: The company started the year with cash and cash equivalents of 40,44,176 and ended the year with 42,52,903.
|
Ratio |
2022 |
2021 |
|
Current ratio |
12.86 |
14.01 |
|
Debt equity ratio |
326.15% |
306.05% |
|
Return on equity |
-4.81% |
0.01% |
|
Net capital turnover ratio |
0.1 |
0.1 |
|
Net profit ratio |
-46.45% |
0.13% |
|
Return on capital employed |
-1.13% |
0.00% |
|
Return on investment |
-1.13% |
0.00% |
Summary of Financial Ratios for the years 2022 and 2021:
1. Current Ratio: The current ratio measures the company 's ability to meet short-term obligations with its short-term assets. In 2022, the current ratio decreased to 12.86 from 14.01 in 2021. While both ratios are relatively high, indicating a strong ability to cover short-term liabilities, the decrease may suggest a change in the composition of current assets or liabilities.
2. Debt Equity Ratio: The debt equity ratio signifies the proportion of a company 's financing that comes from debt compared to equity. In 2022, the ratio increased to 326.15% from 306.05% in 2021, indicating a higher reliance on debt for financing. This could pose a higher financial risk due to increased interest obligations.
3. Return on Equity (ROE): ROE reflects the company 's profitability in relation to shareholders ' equity. The negative ROE of -4.81% in 2022 is a concerning sign, indicating that the company incurred a net loss relative to its equity. In contrast, the marginal positive ROE of 0.01% in 2021 suggests minimal profitability.
4. Net Capital Turnover Ratio: The net capital turnover ratio measures how efficiently the company utilizes its capital to generate revenue. The ratio of 0.1 remained constant from 2021 to 2022, indicating that the company generated 10 cents of revenue for every dollar of capital employed. This may imply a stable efficiency in capital utilization.
5. Net Profit Ratio: The net profit ratio represents the percentage of net profit to total revenue. The significant drop in the net profit ratio from 0.13% in 2021 to -46.45% in 2022 is alarming. The negative ratio suggests that the company incurred more expenses than it generated in revenue, resulting in a net loss.
6. Return on Capital Employed (ROCE): ROCE measures the efficiency of capital utilization, considering both equity and debt. The negative ROCE of -1.13% in 2022 and 0.00% in 2021 indicates that the company 's capital was not effectively employed to generate returns during both periods.
7. Return on Investment (ROI): Similar to ROCE, ROI assesses the efficiency of capital utilization. The negative ROI of -1.13% in 2022 and 0.00% in 2021 reiterates the suboptimal performance in generating returns on the overall capital invested.
