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Silverline Technologies Annual Reports & Financials

Silverline Technologies Limited (Silverline Technologies) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Silverline Technologies Limited

Silverline Technologies Limited Balance Sheet (Amt. in Rs)

PARTICULARS 2023 2022 2021
ASSETS      
NON-CURRENT ASSETS      
(a) Properties,Plant & Equipment 24,88,584 30,48,584 33,73,629
(b) Supply chain IPR's 47,64,81,915 27,62,15,280 27,62,15,280
(c) Capital work in progress - - -
(d) Other Intangible Assets - - -
(d) Financial assets      
i. Investments - 3,18,65,116 3,18,65,116
ii. Loans - -  
iii. Other Financial Assets 2,43,28,500 14,04,86,078 13,57,86,078
(e) Non-Current Tax Assets 63,27,956 63,27,956 63,27,956
(f) Other non-Current Assets 20,40,120 20,40,120 22,02,876
Total Non- Current assets 51,16,67,075 45,99,83,134 45,57,70,935
CURRENT ASSETS      
(a) Inventories - - -
(b) Financial Assets      
i. Trade Receivable 3,02,79,000 9,76,09,057 7,38,55,932
ii. Cash & Cash Equivalent 7,59,834 3,14,214 9,06,989
iii. Bank balances other than      
cash & cash Equivalent - - -
iv. Loans      
v. Other Financial assets   - -
Total Current Assets 3,10,38,834 9,79,23,271 7,47,62,921
       
Total Assets 54,27,05,909 55,79,06,405 53,05,33,856
EQUITIES AND LIABILITIES      
Equity      
(a) Equity share Capital 59,98,54,880 59,98,54,880 59,98,54,880
(b) Other Equity      
Reserves & Surplus -35,35,76,366 -35,67,59,246 -36,00,55,116
Other Reserves - - -
Application Account - - -
Total Equity 24,62,78,514 24,30,95,634 23,97,99,764
LIABILITIES      
Non Current Liabilities      
(a) Financial Liabilities      
Borrowing 25,07,24,879 24,19,49,459 21,97,49,456
(b) Provision 2,28,70,580 2,28,70,580 2,18,45,580
(c) Deferred Tax Liabilities 1,88,851 1,88,851 1,88,851
(d) Other Non-Current Liabilities -   -
Total Non-Current Liabilities 27,37,84,310 26,50,08,890 24,17,83,890
Current Liabilities      
(a) Financial Liabilities      
i. Borrowings - - -
ii. Trade Payable-other than MSME 64,34,576 2,90,40,812 2,81,89,132
iii. Trade Payable – MSME - - -
iv. Other Financial Liabilties - - -
(b) Other Current Liabilities 1,62,08,510 2,07,61,069 2,07,61,069
(c ) Provisions      
(d) Current Non-Tax Liabilities      
Total Current Liabilities 2,26,43,086 4,98,01,881 4,89,50,201
Total Equity & Liabilties 54,27,05,909 55,79,06,405 53,05,33,855

Silverline Technologies Limited Profit & Loss Statement (Amt. in Rs)

PARTICULARS 2023 2022 2021
INCOME      
Revenue from operation 3,55,98,000 4,21,30,560 3,41,99,448
Other Income - - 3,20,863
Total Income 3,55,98,000 4,21,30,560 3,45,20,311
EXPENDITURE      
Software Development Expenses 53,19,000 2,32,35,778 48,63,405
Employee benefit expenses 17,60,000 48,88,565 38,06,449
Financial Cost 1,60,18,870 - 83,33,324
Depreciation and Amortisation 5,60,000 3,25,045 3,25,045
Other Expenses 91,45,291 93,60,303 3,70,87,383
Total Expenditure 3,28,03,161 3,78,09,691 5,44,15,606
Profit/(loss) before Exceptional item 27,94,839 43,20,869 -1,98,95,295
Less : Exceptional Item 3,88,041 - -
Profit before tax item 31,82,880 43,20,869 -1,98,95,295
Less: Tax Expenses - - -
Current Tax - 10,25,000 -
Income tax for previous year   - -
Deferred tax - - -
Net Profit/(loss) after tax 31,82,880 32,95,869 -1,98,95,295
Profit/(Loss) from discontinue operation - - -
Profit/(Loss) from continue operation 31,82,880 32,95,869

-1,98,95,295

Silverline Technologies Limited Consolidated Cash Flow Statement (Amt. in Rs)

PARTICULARS 2023 2022 2021
Cash flows from operating activities      
Net Profit (Loss) before Tax and before extraordinary item 27,94,839 43,20,869 -1,98,95,295
Adjustments for :      
Depreciation and Amortization 5,60,000 3,25,045 3,25,045
Preliminary Expenses & Filing fees written off - - -
Unrealised foreign exchange Gain - - 3,68,018
Profit/Loss on sale of Assets[Net] - - -
Sundry Balances written (back) / off - - -
Bad Debts written off - - -
Interest received - - -3,20,863
Dividend Income - - -
Interest paid 1,60,18,870 99,00,000 83,33,324
Operating Profit before Working Capital changes 1,93,73,709 1,45,45,914 -1,11,89,771
Working capital changes      
(Increase)/ Decrease in Sundry Debtors 6,73,30,057 -2,37,53,125 -3,18,04,329
(Increase) Decrease in Short term,deposit and financial Assets   -45,37,244 -13,80,10,889
Increase /( Decrease) in Trade Payables & Other current liabilities -2,71,58,795 8,51,681 4,70,58,481
(Increase)/Decrease in Inventory - - -
(Increase)/Decrease Non Current Assets - - -
Increase / (Decrease) in Provision - 10,25,000 -
  4,01,71,262 -2,64,13,688 -12,27,56,737
Net Cash from operating activities 5,95,44,971 -1,18,67,774 -13,39,46,508
Ne Income tax provision - -10,25,000 -
CASH FLOW FROM INVESTING ACTIVITIES      
Purchase of Property,Plant and Equipment -20,02,66,635 - -17,69,071
IPR Account 11,61,57,578 - -4,25,17,350
Other Financial Assets -3,22,53,157   -
Interest Received   - 3,20,863
Investment Account Net -5,18,55,900 - -
Cash flows from financing activities      
Foreign Exchange unrealised gain - - -3,68,018
Repayment of Share application - - -
Interest Paid -1,60,18,870 -99,00,000 -83,33,324
Increase in Long Term Deposits 87,75,420 2,22,00,000 -
Receipts (Repayments) of Borrowings (Net) - - 18,74,96,302
Net cash (used in)/ surplus from financing activities -72,43,450 1,12,75,000 17,87,94,960
Net increase in Cash & Cash equivalents 4,45,621 -5,92,774 8,82,895
Cash & Cash equivalents at the beginning of the year 3,14,214 9,06,988 24,094
Cash & Cash equivalents at the end of the year 7,59,835 3,14,214 9,06,989

Let's break down the Cash Flow Statement for the years 2023, 2022, and 2021, activity-wise:

 

1. Operating Activities:

   - In 2023, there was a significant improvement in cash flows from operating activities compared to the previous years. This improvement can be attributed to the positive operating profit before working capital changes.

   - Working capital changes had a significant impact on cash flows in all three years, with substantial increases or decreases in Sundry Debtors, Short-term deposits, financial assets, Trade Payables, and Other current liabilities.

 

2. Investing Activities:

   - Significant investments were made in Property, Plant, and Equipment (PP&E) in 2023 and 2021, indicating a focus on asset acquisition or expansion.

   - There were transactions in Intellectual Property Rights (IPR) accounts and other financial assets, which varied across the years.

 

3. Financing Activities:

   - Interest paid remained significant throughout the years, indicating a consistent financial expense for the company.

   - Long-term deposits increased in 2022 but decreased in 2023.

   - There were significant fluctuations in receipts or repayments of borrowings, resulting in a surplus or deficit in financing activities across the years.

 

4. Overall Cash Position:

   - The company ended 2023 with a higher cash balance compared to the previous year, indicating improved cash management or profitability.

   - However, the net increase in cash and cash equivalents was relatively low in 2023 compared to the other years.

 

5. Other Observations:

   - There were no adjustments for Preliminary Expenses & Filing fees written off in any of the years.

   - Unrealized foreign exchange gains were recorded only in 2021.

   - Bad debts written off, profit/loss on the sale of assets, and dividend income were not reported in any of the years.

 

Below are the Financial Ratios of Silverline Technologies Limited:

 

Particulars

2022

2023

Current Ratio

1.97

1.37

Debt Equity ratio

1.3

1.2

Return on Equity ratio

0.01

0.01

Trade receivable /Turnover ratio

2.32

0.85

Trade payable / Turnover ratio

0.69

0.18

Net capital Turnover Ratio

0.88

4.24

Net profit ratio

0.08

0.09

Return on capital employed

0.06

0.08

 

Let’s break down and analyze each of these financial indicators for the year 2022 and 2023:

 

1. Current Ratio:

   - The current ratio measures the company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is generally preferred as it indicates a better ability to cover short-term obligations. The company's current ratio decreased from 1.97 in 2022 to 1.37 in 2023, indicating a potential weakening in its short-term liquidity position.

 

2. Debt Equity Ratio:

   - The debt equity ratio compares a company's total debt to its shareholders' equity. A lower debt-equity ratio is usually favorable as it suggests lower financial risk. The company's debt-equity ratio decreased from 1.3 in 2022 to 1.2 in 2023, indicating a slight reduction in financial leverage.

 

3. Return on Equity (ROE) Ratio:

   - The return on equity ratio measures how much profit a company generates with the shareholders' equity. The ratio remained constant at 0.01 for both years, indicating a consistent return on equity.

 

4. Trade Receivable/Turnover Ratio:

   - This ratio measures how efficiently a company manages its accounts receivable. A lower ratio suggests faster turnover of receivables. The ratio decreased significantly from 2.32 in 2022 to 0.85 in 2023, indicating a more efficient management of trade receivables in 2023.

 

5. Trade Payable/Turnover Ratio:

   - This ratio assesses how quickly a company pays its suppliers. A lower ratio indicates a faster turnover of payables. The ratio decreased from 0.69 in 2022 to 0.18 in 2023, suggesting a faster turnover of trade payables in 2023.

 

6. Net Capital Turnover Ratio:

   - The net capital turnover ratio measures how efficiently a company utilizes its total capital to generate revenue. A higher ratio indicates better utilization of capital. The ratio increased significantly from 0.88 in 2022 to 4.24 in 2023, indicating a substantial improvement in capital utilization efficiency.

 

7. Net Profit Ratio:

   - The net profit ratio measures the percentage of net profit relative to revenue. The ratio increased from 0.08 in 2022 to 0.09 in 2023, indicating a slight improvement in profitability.

 

8. Return on Capital Employed (ROCE) Ratio:

   - The return on capital employed ratio assesses the efficiency with which a company utilizes its capital to generate profits. The ratio increased from 0.06 in 2022 to 0.08 in 2023, indicating improved capital efficiency.

 

Dividend History of Silverline Technologies Limited

Particulars

2023

2022

2021

Dividend (final + interim) (In Rs.)

-

-

-

 

 

 

Annual Report

Silverline Technologies Annual Report 2023-2024

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Silverline Technologies Annual Report 2021-2022

Download

Silverline Technologies Annual Report 2020-21

Download

Silverline Technologies Annual Report 2019-20

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