| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Sterling Estates and Properties Limited |
|
Particulars |
2017 |
2016 |
|
ASSETS |
|
|
|
NON-CURRENT ASSETS |
|
|
|
Fixed assets- tangible assets |
41,26,363 |
34,76,156 |
|
Non current investments |
46,41,933 |
41,00,000 |
|
Long term loans & advances |
19,40,38,410 |
21,02,16,911 |
|
Other non- current assets |
1,82,45,890 |
2,97,28,326 |
|
CURRENT ASSETS |
|
|
|
Inventories- Work in progress |
18,09,52,751 |
10,69,67,698 |
|
Cash and Cash Equivalents |
62,70,057 |
38,77,464 |
|
Other Current Assets |
5,72,682 |
11,45,362 |
|
TOTAL ASSETS |
40,88,48,086 |
35,95,11,917 |
|
EQUITY AND LIABILITIES |
|
|
|
EQUITY |
|
|
|
Equity Share Capital |
3,30,00,000 |
3,30,00,000 |
|
Reserves & Surplus |
11,32,44,132 |
11,29,05,583 |
|
LIABILITIES |
|
|
|
NON-CURRENT LIABILITIES |
|
|
|
Long term borrowings |
19,59,79,432 |
13,01,85,488 |
|
Long term provisions |
12,26,775 |
11,63,775 |
|
CURRENT LIABILITIES |
|
|
|
Trade Payables |
4,84,00,119 |
5,56,47,077 |
|
Other Current Liabilities |
1,67,40,398 |
2,61,38,511 |
|
Short term provisions |
2,57,229 |
4,71,483 |
|
TOTAL EQUITY AND LIABILITIES |
40,88,48,086 |
35,95,11,917 |
|
Particulars |
2017 |
2016 |
|
Income |
|
|
|
Revenue from Operations |
1,75,56,086 |
2,84,38,803 |
|
Other Income |
13,80,947 |
10,81,870 |
|
TOTAL INCOME |
1,89,37,033 |
2,95,20,673 |
|
Expenses |
|
|
|
Manufacturing expenses |
|
|
|
Opening stock/ WIP |
10,69,67,698 |
9,22,94,598 |
|
Add: Purchases |
2,88,03,254 |
54,05,143 |
|
Other manufacturing expenses |
2,54,73,913 |
1,03,78,493 |
|
Less: Closing stock |
18,09,52,751 |
10,69,67,698 |
|
Total manufacturing expenses |
1,97,07,886 |
11,10,536 |
|
Employee Benefit Expenses |
35,89,938 |
26,27,458 |
|
Finance cost |
2,53,46,874 |
1,95,15,399 |
|
Other expenses |
82,13,835 |
42,51,161 |
|
TOTAL EXPENSES |
1,74,42,761 |
2,75,04,554 |
|
Profit before Depreciation & Tax |
14,94,272 |
20,16,119 |
|
Depreciation & amortization expenses |
8,98,493 |
7,39,145 |
|
Profit before tax |
5,95,779 |
12,76,974 |
|
Tax Expenses |
|
|
|
Current Tax |
2,57,229 |
4,71,483 |
|
Deferred Tax |
|
|
|
Profit/ (loss) after tax |
3,38,550 |
8,05,491 |
|
Particulars |
2017 |
2016 |
|
Profit before extraordinary items and tax |
5,95,779.00 |
12,76,974.00 |
|
Adjustment to profit/ (loss) |
|
|
|
Finance costs |
2,53,46,874.00 |
1,96,64,569.00 |
|
Depreciation and amortization expenses |
8,98,493.00 |
7,39,145.00 |
|
Investing and financing |
46,41,933.00 |
41,00,000.00 |
|
Total adjustments to Profit and loss |
3,08,87,300.00 |
2,45,03,714.00 |
|
Adjustment Working Capital : |
|
|
|
Decrease/ (increase) in inventories |
-7,39,85,053.00 |
-1,46,73,100.00 |
|
Decrease/ (increase) in trade receivables |
1,14,82,436.00 |
-2,44,19,388.00 |
|
Decrease/ (increase) in other current assets |
5,72,680.00 |
5,72,680.00 |
|
Increase/ (decrease) in trade payables |
-72,46,958.00 |
54,73,085.00 |
|
Increase/ (decrease) in other current liabilities |
-93,98,113.00 |
94,62,150.00 |
|
Total adjustments for working capital |
-7,85,75,008.00 |
-2,35,84,573.00 |
|
Total adjustments for reconciliation of profit |
-4,76,87,708.00 |
9,19,141.00 |
|
Net cash flows from operating activities |
-4,70,91,929.00 |
21,96,115.00 |
|
Interest paid |
-2,53,46,874.00 |
-1,96,64,569.00 |
|
Outflow inflow/ (outflow) of cash |
- |
41,96,357.00 |
|
Net cash flow from operating activities |
-7,24,38,803.00 |
-1,32,72,097.00 |
|
Cash flows used in investing activities |
|
|
|
Proceeds from sales of tangible assets |
- |
9,26,916.00 |
|
Purchase of tangible assets |
-15,48,700.00 |
-26,470.00 |
|
Cash receipts for future contracts |
- |
1,51,08,999.00 |
|
Net Cash Flows used in Investing Activities |
-15,48,700.00 |
1,60,09,445.00 |
|
Cash Flow from Financing Activities |
|
|
|
Proceeds from borrowings |
6,57,93,944.00 |
2,94,41,221.00 |
|
Repayments of borrowings |
-1,47,60,722.00 |
-1,05,28,370.00 |
|
Dividends paid |
- |
-6,60,000.00 |
|
Interest paid |
2,53,46,874.00 |
-1,96,64,569.00 |
|
Net Cash Flows used in Financing Activities |
7,63,80,096.00 |
-14,11,718.00 |
|
Net Increase in Cash and Cash Equivalents |
23,92,593.00 |
13,25,630.00 |
|
Cash and Cash Equivalents at the beginning of the year |
38,77,464.00 |
25,51,834.00 |
|
Cash and Cash Equivalents as at the end of the year |
62,70,057.00 |
38,77,464.00 |
Here is a summary of the Cash Flow Statement for the years 2017 and 2016:
1. Profit before Extraordinary Items and Tax:
In 2017, the profit before extraordinary items and tax was 5,95,779.00, representing a significant decrease from 12,76,974.00 in 2016.
2. Adjustments to Profit/Loss:
- Finance costs increased from 1,96,64,569.00 in 2016 to 2,53,46,874.00 in 2017.
- Depreciation and amortization expenses increased from 7,39,145.00 in 2016 to 8,98,493.00 in 2017.
- Investing and financing adjustments increased from 41,00,000.00 in 2016 to 46,41,933.00 in 2017.
- The total adjustments to the profit and loss account amounted to 3,08,87,300.00 in 2017 and 2,45,03,714.00 in 2016.
3. Adjustment for Working Capital:
- There was a substantial decrease in inventories by -7,39,85,053.00 in 2017 compared to -1,46,73,100.00 in 2016.
- Trade receivables increased by 1,14,82,436.00 in 2017, while it decreased by -2,44,19,388.00 in 2016.
- Other current assets remained constant at 5,72,680.00 in both years.
- Trade payables decreased by -72,46,958.00 in 2017 and increased by 54,73,085.00 in 2016.
- Other current liabilities decreased by -93,98,113.00 in 2017, while it increased by 94,62,150.00 in 2016.
- The total adjustments for working capital were -7,85,75,008.00 in 2017 and -2,35,84,573.00 in 2016.
4. Net Cash Flows from Operating Activities:
Net cash flows from operating activities were -4,70,91,929.00 in 2017, a substantial decrease from 21,96,115.00 in 2016.
5. Interest Paid and Outflow/Inflow of Cash:
Interest paid increased from -1,96,64,569.00 in 2016 to -2,53,46,874.00 in 2017. The outflow/inflow of cash was -41,96,357.00 in 2017.
6. Net Cash Flow from Operating Activities before Extraordinary Items:
The net cash flow from operating activities before extraordinary items was -7,24,38,803.00 in 2017, indicating a significant decrease compared to -1,32,72,097.00 in 2016.
7. Cash Flows Used in Investing Activities:
- Proceeds from the sales of tangible assets were absent in both years.
- The purchase of tangible assets increased from -26,470.00 in 2016 to -15,48,700.00 in 2017.
- Cash receipts for future contracts were 1,51,08,999.00 in 2017.
8. Cash Flow from Financing Activities:
- Proceeds from borrowings increased from 2,94,41,221.00 in 2016 to 6,57,93,944.00 in 2017.
- Repayments of borrowings increased from -1,05,28,370.00 in 2016 to -1,47,60,722.00 in 2017.
- Dividends paid were -6,60,000.00 in 2017.
- Net cash flows used in financing activities increased from -14,11,718.00 in 2016 to 7,63,80,096.00 in 2017.
9. Net Increase in Cash and Cash Equivalents:
The net increase in cash and cash equivalents was 23,92,593.00 in 2017, compared to 13,25,630.00 in 2016.
10. Cash and Cash Equivalents:
Cash and cash equivalents at the end of the year were 62,70,057.00 in 2017, showing an increase from the beginning balance of 38,77,464.00. In 2016, the ending balance was 38,77,464.00, and the beginning balance was 25,51,834.00.
In conclusion, the financial analysis indicates a mixed performance for the company in 2017, with a decrease in profitability, substantial adjustments to the profit and loss account, and increased cash flows from financing activities. The company managed to increase its cash and cash equivalents, primarily driven by financing activities, despite challenges in operating cash flows.
