Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
---|---|---|---|---|---|---|---|
Primex-40 | |||||||
Silverline Technologies Limited |
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 |
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 |
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 |
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.
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 |
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.
Particulars |
2023 |
2022 |
2021 |
Dividend (final + interim) (In Rs.) |
- |
- |
- |