Sita Shree Food Products Ltd Annual Report | Revenue

Sita Shree Food Products Limited (Sita Shree Food) Return Comparision with Primex 40 Index

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Sita Shree Food Products Limited

Sita Shree Food Products Limited Balance Sheet (Rs)

Particulars	2018	2017
I. ASSETS
(1) Non-Current Assets
(a) Property, Plant and Equipment	711,008,944	768,113,734
(b) Capital Work in Progress	18,949,900	18,949,900
(c) Other Intangible Assets	258,864	308,947
(d) Financial Assets
(i) Investments	401,014	474,118
(ii) Trade Receivables	664,130,734	664,692,634
(iii) Loans	27,750,776	32,285,006
(iv) Others (to be Speciﬁed)	2,333,456	30,631,279
(e) Deferred Tax Assets (Net)	112,184,683	31,865,278
(f) Other Non Current Assets	19,630,900	19,724,398
(2) Current Assets
(a) Inventories	15,810,070	35,126,565
(b) Financial Assets
(ii) Trade Receivables	37,536,659	108,346,334
(iii) Cash and cash equivalents	336,768	6,406,059
(iv) Loans	6,195,157	4,697,855
(c) Other current Assets	3,292,174	245,617
Total Assets	1,619,820,099	1,721,867,724
II. EQUITY AND LIABILITIES
(1) Equity
(a) Equity Share Capital	278,341,740	278,341,740
(b) Other Equity	-1,419,633,315	-1,086,662,442
TOTAL	-1,141,291,575	-808,320,702
LIABILITIES
(2) Non Current Liabilities
(a) Financial Liabilities
(i) Borrowings	155,197,116	193,861,728
(ii) Trade Payables	191,245,756	124,805,377
(iii) Other ﬁnancial liabilities	127,229,449	120,027,782
(b) Provisions	1,274,760	1,274,760
(c) Deffered tax liabilities (Net)		70,751,828
(d) Other Non- Current Liabilities	735,630	710,130
(3) Current Liabilities
(a) Financial Liabilities
(i) Borrowings	1,794,501,508	1,652,716,500
(ii) Trade Payables	137,285,397	198,502,448
(b) Other Current Liabilities	353,642,058	238,289,699
Total Equity and Liabilities	1,619,820,099	1,721,867,724

Sita Shree Food Products Limited Profit & Loss Statement (Rs)

Particulars	2018	2017
REVENUE FROM OPERATIONS	-39,884,532	1,466,370,510
OTHER INCOME	1,296,946	16,377,610
TOTAL REVENUE	-38,587,586	1,482,748,120
E X P E N S E S :
COST OF MATERIAL CONSUMED	33,900,824	1,822,143,684
STOCK-IN-TRADE	15,072,285	865,789,579
EMPLOYEE BENEFITS	,716,885	17,464,601
EXPENSES
FINANCE COST	242,387,438	273,348,453
DEPRICIATION AND	57,154,873	56,793,533
OTHER EXPENSES	17,195,617	213,002,624
TOTAL EXPENSES	367,427,922	3,248,542,474
PROFIT BEFORE TAX	-406,015,508	-1,765,794,354
TAX EXPENSES
(1) DEFERRED TAX	-80,319,406	-102,617,106
PROFIT FOR THE YEAR	-325,696,102	-1,663,177,248
OTHER COMPREHENSIVE
INCOME
A (I) items that will not be reclassiﬁed to proﬁt or loss:
Interest Expenses on account of Redemeable	-7,201,667	-6,794,025
Preference shares change in fair value of investment	-73,104	19,487
OTHER COMPREHENSIVE INCOME	-7,274,771	-6,774,538
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	-332,970,873	-1,669,951,786
Earnings per equity share
(1) Basic (in Rs.)	-11.96	-60
(2) Diluted (in Rs.)	-11.96	-60

Sita Shree Food Products Limited Consolidated Cash Flow Statement (Rs)

Particulars	2018	2017
CASH FLOWS FROM OPERATING ACTIVITIES
NET PROFIT BEFORE TAXATION	(40,60,15,508)	(1,76,57,94,354)
ADJUSTMENTS FOR :
DEPRECIATION	5,71,54,873	5,67,93,533
INTEREST/DIVIDEND INCOME	(5,37,285)	(62,57,914)
CHANGE IN FAIR VALUE OF INVESTMENT	-73,104	19,487
INTEREST PAID	24,23,87,438	27,33,48,453
LOSS ON SALE OF FIXED ASSETS	-	9,02,038
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES	(10,70,83,587)	(1,44,09,88,757)
CHANGE IN TRADE AND OTHER RECEIVABLES	7,13,71,574	1,36,00,87,136
CHANGE IN INVENTORIES	1,93,16,495	1,55,38,92,274
CHANGE IN OTHER CURRENTASSETS	83,870	5,00,44,684
CHANGE IN CURRENT LIABILITIES	26,23,60,694	(1,29,17,29,226)
NET CASH FLOW FROM OPERATING ACTIVITIES (A)	24,60,49,047	23,13,06,111
CASH FLOW FROM INVESTING
PURCHASE OF FIXED ASSETS	-	(1,49,435)
CHANGE IN OTHER LONG TERM LIABILITIES	25,500	(9,00,000)
SALE OF FIXED ASSETS	-	16,05,200
INVESTMENTS PURCHASED (FDR EXCLUDING INT.)	2,83,70,927	8,63,35,838
NET CASH FLOW USED IN INVESTING ACITIVIES (B)	2,83,96,427	8,68,91,603
CASH FLOWS FROM FINANCING ACTIVITIES
CHANGES IN BORROWINGS	(3,86,64,612)	(6,44,66,294)
INTEREST RECEIVED	5,37,285	62,57,914
INTEREST PAID	(24,23,87,438)	(27,33,48,453)
NET CASH FLOW FROM FINANCING ACTIVITIES [C]	(28,05,14,764)	(33,15,56,833)
NET INCREASED IN CASH AND CASH EQUIVALENTS (A+B+C)	(60,69,291)	(1,33,59,119)
CASH AND CASH EQUIVALENTS (OPENING BALANCE)	64,06,059	1,97,65,178
CASH AND CASH EQUIVALENTS (CLOSING BALANACE)	3,36,768	64,06,059

Certainly, here is a summary of the Cash Flow Statement for the years 2018 and 2017:

2018:

1. Net Profit Before Taxation: The company reported a net loss of Rs. 40,60,15,508 before taxation in 2018, indicating a challenging financial year.

2. Adjustments:

Depreciation: Depreciation expenses amounted to Rs. 5,71,54,873, reflecting the reduction in the value of fixed assets over time.

Interest/Dividend Income: The company incurred a loss of Rs. 5,37,285 in interest/dividend income, possibly due to lower returns on investments.

Change in Fair Value of Investment: There was a decrease of Rs. 73,104 in the fair value of investments.

3. Interest Paid: The company paid Rs. 24,23,87,438 in interest, which contributed to the overall operating expenses.

4. Loss on Sale of Fixed Assets: No loss was reported on the sale of fixed assets in 2018, in contrast to a Rs. 9,02,038 loss in the previous year.

5. Operating Profit Before Working Capital Changes: The company reported an operating loss of Rs. 10,70,83,587 before considering changes in working capital, indicating operational challenges.

6. Changes in Working Capital:

Trade and Other Receivables: An increase of Rs. 7,13,71,574 in receivables suggests delayed payments from customers.

Inventories: Inventories increased by Rs. 1,93,16,495, indicating a buildup of unsold goods.

Other Current Assets: Other current assets increased by Rs. 83,870.

Current Liabilities: An increase of Rs. 26,23,60,694 in current liabilities may suggest increased short-term obligations.

7. Net Cash Flow from Operating Activities (A): Despite the challenges, the company generated positive cash flow from operating activities amounting to Rs. 24,60,49,047.

2017:

1. Net Profit Before Taxation: In 2017, the company reported a net loss of Rs. 1,76,57,94,354 before taxation, indicating significant financial challenges during that period.

2. Adjustments:

Depreciation: Depreciation expenses amounted to Rs. 5,67,93,533, reflecting the reduction in the value of fixed assets over time.

Interest/Dividend Income: The company incurred a loss of Rs. 62,57,914 in interest/dividend income, possibly due to lower returns on investments.

Change in Fair Value of Investment: There was an increase of Rs. 19,487 in the fair value of investments.

3. Interest Paid: The company paid Rs. 27,33,48,453 in interest, which contributed to the overall operating expenses.

4. Loss on Sale of Fixed Assets: A loss of Rs. 9,02,038 was reported on the sale of fixed assets, indicating a negative impact on the company 's financial position.

5. Operating Profit Before Working Capital Changes: The company reported an operating loss of Rs. 1,44,09,88,757 before considering changes in working capital, indicating significant operational challenges.

6. Changes in Working Capital:

Trade and Other Receivables: An increase of Rs. 1,36,00,87,136 in receivables suggests delayed payments from customers.

Inventories: Inventories increased by Rs. 1,55,38,92,274, indicating a buildup of unsold goods.

Other Current Assets: Other current assets increased by Rs. 5,00,44,684.

Current Liabilities: A decrease of Rs. 1,29,17,29,226 in current liabilities suggests a reduction in short-term obligations.

7. Net Cash Flow from Operating Activities (A): Despite the challenges, the company generated positive cash flow from operating activities amounting to Rs. 23,13,06,111.

Annual Report

Sita Shree Food Products Annual Report 2017

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