Surana Corporation Ltd Annual Report | Revenue

Surana Corporation Limited (Surana Corporation) Return Comparision with Primex 40 Index

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Surana Corporation Limited

Surana Corporation Limited Balance Sheet (Rs In Lakhs)

Particulars	2017	2016
ASSETS
Non-current assets
(a) Property, Plant and Equipment	793.88	5,447.21
(c) Financial Assets
(i) Trade receivables	35,892.94	46,026.37
(ii) Other ﬁnancial assets	1.71	49.71
(d) Other non-current assets	640.88	640.98
Current assets
(a) Inventories	19,442.36	16,308.92
(b) Financial Assets
(i) Trade receivables	39,056.44	45,491.90
(ii) Cash and cash equivalents	21.14	232.77
(iii) Other balances with banks	24.17	24.17
(c) Other current assets	595.7	847.68
Asset held for Sale	2,975.00	-
Total Assets	99,444.23
EQUITY
(a) Equity Share capital	2,435.87	2,435.87
(b) Other Equity	-86,129.28	-54,231.72
(c) Non Controlling Interest	-167.69	-153.2
LIABILITIES
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings	1,468.87	72,242.87
(b) Provisions	7.97	7.62
Current liabilities
(a) Financial Liabilities
(i) Borrowings	74,649.66	58,759.69
(ii) Trade payables	27.9	82.03
(iii) Other ﬁnancial liabilities	97,556.15	30,900.68
(b) Other current liabilities	3,177.52	2,005.49
(c) Provisions	3,036.45	3,034.86
Liabilities representing assets held for Sale	3,374.56
Total Equity and Liabilities	99,444.23	115,069.71

Surana Corporation Limited Profit & Loss Statement (Rs In Lakhs)

Particulars	2017	2016
Revenue
I. Revenue from operations	23,489.80	119,609.72
II. Other income	621.26	72.78
III. Total income	24,111.06	119,682.50
IV. Expenses
Purchases of Stock-in-Trade	29,424.03	90,967.82
Stock-in -Trade and work-in-progress	-3,133.44	33,984.02
Employee beneﬁts expense	52.09	113.63
Finance costs	17,568.61	19,326.03
Depreciation and amortization expenses	68.16	2,365.97
Other expenses	12,022.92	4,706.51
Total expenses	56,002.37	151,463.98
V. Loss before exceptional items and tax (I-IV)	-31,891.31	-31,781.48
VI. Exceptional Items	-	220.66
VII. Loss after exceptions items and tax(V-VI)	-31,891.31	-31,560.82
VIII. Tax expense:
(2) Deferred tax	-	2,057.24
IX. Loss after tax from continuing operations (VII-VIII)	-31,891.31	-29,503.58
XI. Loss for the period (IX+X)	-31,891.31	-29,503.58
XIII. Loss for the period attributable to
Owners of the Parent	-31,897.56	-29,489.09
Non-Controlling Interest	6.25	-14.49
XIV. Earnings per equity share (for continuing operation):
(1) Basic (in Rs)	-130.92	-121.12
(2) Diluted (in Rs)	-130.92	-121.12
XVI. Earning per equity share (for discontinued & continuing operation)
(1) Basic (in Rs)	-130.92	-121.12
(2) Diluted (in Rs)	-130.92	-121.12

Surana Corporation Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2017	2016
A. Cash ﬂow from operating activities
Net Loss before Tax as per Statement of Proﬁt and Loss	-31,891.31	-31,560.82
Adjustments for:
Depreciation and Amortisation	68.16	2,365.97
Finance cost	17,568.61	19,326.03
Interest Income	-1.22	-1.46
Provision for Diminution in the value of Investments	-	17.4
Unrealised loss on foreign exchange ﬂuctuations (Net)		1,348.05
Provision for Doubtful receivables, Loans & advances	10,110.00	3,023.07
Provision for employee beneﬁts	1.93	-26.25
Provision for Impairment of Asset - Windmill	1,610.17	-
Trade receivable written off	-	94.17
(Proﬁt)/ Loss on sale of Assets	-2.44	-40.42
Operating Proﬁt/(Loss) before Working Capital Changes	-2,536.10	-5,454.25
Adjusted for:
Inventories	-3,133.44	33,984.02
Trade receivables	6,458.88	-27,525.76
Other Current Assets	17.48	153.87
Other Non-Current assets	48.1	-48.72
Trade payables	-54.13	6.95
Other Non-Current/Current liabilities	1,172.03	-559.95
Cash Generated from Operations	1,972.82	556.17
Taxes Paid	-0.41	5.51
Net Cash ﬂow from /(used in) Operating activities	1,972.42	561.68
B. CASHFLOW FROM INVESTING ACTIVITIES :	-2,536.10	-5,454.25
Proceeds from Sale of Fixed Assets	2.44	118.25
Interest received from banks	236.12	0.15
Net Cash ﬂow from /(Used in) Investing activities	238.56	118.4
C. CASHFLOW FROM FINANCING ACTIVITIES:
Net Increase in Long term borrowings (including FITL)	-11,206.99	1,344.71
Finance Cost	-7,105.58	-10,396.57
Net increase in working capital borrowings	15,889.96	8,581.69
Net Cash from /(Used in) Financing Activities	-2,422.61	-470.17
Net Increase in Cash & Bank Balances ( A+B+C)	-211.63	209.9
Cash and cash equivalents at the beginning of the year	232.77	22.87
Cash and cash equivalents at the end of the year	21.14	232.77

Certainly, here is a summary of the Cash Flow Statement for the years 2017 and 2016:

2017:

A. Cash Flow from Operating Activities:

Net Loss before Tax: The company reported a net loss of Rs. 31,891.31 before tax.

Adjustments:

Depreciation and Amortisation: Rs. 68.16 was accounted for depreciation and amortization.

Finance Cost: The company incurred finance costs of Rs. 17,568.61.

Interest Income: A nominal interest income of -Rs. 1.22 was recorded.

Provision for Diminution in the value of Investments: Rs. 17.4 was provided for the diminution in the value of investments.

Unrealised Loss on Foreign Exchange Fluctuations: A net unrealized loss of Rs. 1,348.05 was incurred.

Provision for Doubtful Receivables, Loans & Advances: Rs. 10,110.00 was set aside for doubtful receivables and loans.

Provision for Employee Benefits: A provision of Rs. 1.93 was made for employee benefits.

Provision for Impairment of Asset - Windmill: Rs. 1,610.17 was provided for the impairment of the windmill asset.

Trade Receivable Written Off: No specific amount was mentioned for the write-off of trade receivables.

Profit/Loss on Sale of Assets: A loss of Rs. 2.44 was incurred on the sale of assets.

Operating Profit/Loss before Working Capital Changes: The operating loss before changes in working capital was Rs. -2,536.10.

Adjusted for:

Inventories: A decrease of Rs. 3,133.44 was noted.

Trade Receivables: An increase of Rs. 6,458.88 was observed.

Other Current Assets: A marginal increase of Rs. 17.48 was noted.

Other Non-Current Assets: An increase of Rs. 48.10 was observed.

Trade Payables: A decrease of Rs. 54.13 was noted.

Other Non-Current/Current Liabilities: An increase of Rs. 1,172.03 was observed.

Cash Generated from Operations: Rs. 1,972.82 was generated from operations.

Taxes Paid: A nominal tax payment of -Rs. 0.41 was recorded.

Net Cash Flow from Operating Activities: The net cash flow from operating activities was Rs. 1,972.42.

B. Cash Flow from Investing Activities:

Net Cash Flow from/(Used in) Investing Activities: A net cash outflow of Rs. 238.56 was noted, primarily attributed to the sale of fixed assets.

C. Cash Flow from Financing Activities:

Net Increase in Long-Term Borrowings: Long-term borrowings increased by -Rs. 11,206.99.

Finance Cost: Finance costs incurred were -Rs. 7,105.58.

Net Increase in Working Capital Borrowings: Working capital borrowings increased by Rs. 15,889.96.

Net Cash from/(Used in) Financing Activities: A net cash outflow of -Rs. 2,422.61 was noted.

Net Increase in Cash & Bank Balances (A+B+C): A net decrease of Rs. 211.63 was observed.

Cash and Cash Equivalents at the Beginning of the Year: Rs. 232.77.

Cash and Cash Equivalents at the End of the Year: Rs. 21.14.

Surana Corporation Annual Report 2016

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Surana Corporation Limited Annual Report and Financials

Surana Corporation Limited (Surana Corporation) Return Comparision with Primex 40 Index

Surana Corporation Limited Balance Sheet (Rs In Lakhs)

Surana Corporation Limited Profit & Loss Statement (Rs In Lakhs)

Surana Corporation Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Surana Corporation Annual Report 2016

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