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Scottish Assam Annual Reports, Balance Sheet and Financials

The Scottish Assam India Limited (Scottish Assam ) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
The Scottish Assam India Limited

Scottish Assam India Limited Balance Sheet (Rs in Lakhs)

Particulars

31-03-2023

31-03-2022

ASSETS

 

 

NON-CURRENT ASSETS

 

 

Property, Plant and Equipment

467.93

369.52

Capital Work-In-Progress

50.41

44.75

Other Intangible Assets

0.16

0.17

Investments

6,626.13

6,388.62

Loans

4.4

0.16

Other Financial Assets

28.18

27.88

Non-Current Tax Assets (Net)

95.53

46.9

Other Non-Current Assets

8.87

74.73

CURRENT ASSETS

 

 

Biological Asset other than Bearer Plant

24.5

28.56

Inventories

290.62

305.71

Trade Receivables

31.28

27.84

Cash and Cash Equivalents

192.5

117.93

Bank balances other than Cash Equivalents

8.1

8.87

Loans

5.14

3

Other Financial Assets

0.01

18.97

Other Current Assets

38.63

45.04

TOTAL ASSETS

7,872.37

7,508.65

EQUITY AND LIABILITIES

 

 

EQUITY

 

 

Equity Share Capital

80

80

Other Equity

6,768.53

6,457.99

TOTAL EQUITY

6,848.53

6,537.99

LIABILITIES

 

 

NON-CURRENT LIABILITIES

 

 

Borrowings

-

10.98

Deferred Tax Liabilities (Net)

232.1

171.54

Provisions

51.67

-

CURRENT LIABILITIES

 

 

Borrowings

353.17

392.62

Trade Payables

 

 

Total outstanding dues of creditors to micro enterprises & small enterprises

4.57

-

Total outstanding dues of creditors to other than micro enterprises & small enterprises

94.39

71.88

Other Financial Liabilities

250.98

285.34

Other Current Liabilities

36.95

26.9

Current Tax Liabilities (Net)

-

11.4

TOTAL EQUITY AND LIABILITIES

7,872.37

7,508.65

Scottish Assam India Limited Profit & Loss Statement (Rs in Lakhs)

Particulars

31-03-2023

31-03-2022

Revenue from Operations

3,928.88

3,542.41

Other Income

274.36

751.59

Total Income

4,203.24

4,294.00

Cost of Materials Consumed

271.97

124.36

Changes in Inventories of Finished Goods

63.45

-74.97

Employee Benefits Expenses

2,004.18

1,848.44

Finance Costs

11.9

29.91

Depreciation and Amortization Expenses

62.94

38.87

Other Expenses

1,294.02

1,066.14

Total Expenses

3,708.46

3,032.75

Profit before Exceptional Items and Tax

494.78

1,261.25

Exceptional Items

-

-

Profit before Tax

494.78

1,261.25

Current Tax

47.25

73.73

Tax Adjustment for earlier Year

-

2.5

Deferred Tax

60.56

35.85

Total Tax Expenses

107.81

112.08

Profit for the year

386.97

1,149.17

Other Comprehensive Income

 

 

Items that will not be reclassified to profit or loss

-37.99

63.06

Income tax relating to these items

9.56

-15.87

Other Comprehensive Income for the Year (Net of Tax)

-28.43

47.19

Total Comprehensive Income for the period

358.54

1,196.36

Earnings Per Share of Rs.10 each

 

 

Basic & Diluted

48.37

143.65

Scottish Assam India Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars

31-03-2023

31-03-2022

Cash flow from operating activities :

 

 

Net Profit before tax and extraordinary items

494.78

1261.25

Adjustments for -

 

 

Depreciation

62.94

38.87

Finance Cost

11.9

29.91

Interest Received

-

-7.84

Unclaimed balances written back

-

-1.73

(Profit)/ Loss on Sale of Fixed Asset

-0.7

-0.19

Net gain arising on Employee Benefit Obligations mandatorily measured at OCI

-37.99

63.06

Change in fair value of biological assets

4.06

-18.23

Net (Gain)/Loss arising on financial assets mandatorily measured at FVTPL

-246.03

-662.86

Gain on disposal of investments carried at fair value through profit or loss

-24.12

-72.04

Operating profit before working capital changes

264.84

630.2

Adjustments for -

 

 

Trade receivables, Loans and Other Receivables

-3.44

8.42

Loans receivable and Other financial assets and Other Assets

42.28

-

Trade Payables, Other Financial Liabilities, Other Liabilities and Provisions

55.28

-136.59

Inventories

15.09

-130.16

Cash generated from / (used in) operations

374.05

371.87

Direct taxes (Paid) / Net of refund

-97.78

-25.58

Net cash from / (used in) operating activities

276.27

346.29

Cash flow from investing activities :

 

 

Purchase for Fixed Assets/ Capital Work in Progress

-167.71

-64.95

Advance for Capital Assets

42.29

-51

Sale of Fixed Assets

1.43

0.26

(Purchase) / sale of Non-Current Investments (Net)

32.63

-132.09

Interest Received

-

7.84

Net cash from / (used in) investing activities

-91.36

-239.94

Cash flow from financing activities :

 

 

Decrease in Long Term Borrowings

-10.98

-63.49

Decrease in Short Term Borrowings

-39.45

-61.29

Dividend paid

-48

-47.93

Finance Cost paid

-11.9

-30.71

Net cash from / (used in) financing activities

-110.33

-203.42

Net change in cash and cash equivalent

74.58

-97.07

Cash and cash equivalents as at beginning of year

117.93

215

Cash and cash equivalents as at end of year

192.5

117.93

Cash and cash equivalent consist of :-

 

 

Cash, cheques, drafts in hand etc.

5.07

37.45

Balance and Fixed deposits with Banks

187.44

80.48

Cash and Cash equivalent

192.5

117.93

Here is the analysis of cash flow statement of 2023 and 2022:

Cash Flow from Operating Activities:

Net Profit before tax and extraordinary items:

For the year ending 31st March 2023, the net profit before tax and extraordinary items is ₹494.78 million, down from 1261.25 million in the previous year, indicating a significant decrease in profitability before accounting for tax and extraordinary items.

Adjustments for:

Depreciation: Increased from 38.87 million in 2022 to 62.94 million in 2023, reflecting higher depreciation expenses, likely due to the acquisition of new assets.

Finance Cost: Decreased from 29.91 million in 2022 to 11.90 million in 2023, indicating reduced interest expenses.

Interest Received: No interest income in 2023, compared to 7.84 million in 2022.

Unclaimed balances written back: No unclaimed balances written back in 2023, compared to 1.73 million in 2022.

(Profit)/Loss on Sale of Fixed Asset: Slight increase in profit from the sale of fixed assets, from a gain of 0.19 million in 2022 to a gain of 0.70 million in 2023.

Net gain on Employee Benefit Obligations measured at OCI: Shows a net gain of 37.99 million in 2023 compared to a net expense of 63.06 million in 2022, reflecting improved employee benefit obligations.

Change in fair value of biological assets: A loss of 4.06 million in 2023 compared to a gain of 18.23 million in 2022.

Net (Gain)/Loss on financial assets at FVTPL: A gain of 246.03 million in 2023, down from a gain of 662.86 million in 2022, indicating lower gains from financial assets measured at fair value through profit or loss.

Gain on disposal of investments: Reduced gain from 72.04 million in 2022 to 24.12 million in 2023.

Operating profit before working capital changes:

The operating profit before changes in working capital decreased to 264.84 million in 2023 from 630.20 million in 2022.

Adjustments for:

Trade receivables, Loans, and Other Receivables: Slight decrease in trade receivables of 3.44 million in 2023, compared to an increase of 8.42 million in 2022.

Loans receivable and other financial assets and Other Assets: Increase of 42.28 million in 2023, with no change in 2022.

Trade Payables, Other Financial Liabilities, Other Liabilities, and Provisions: Increase of 55.28 million in 2023, compared to a significant decrease of 136.59 million in 2022.

Inventories: An increase of 15.09 million in 2023 compared to a significant decrease of 130.16 million in 2022.

Cash generated from operations:

Cash generated from operations increased slightly to 374.05 million in 2023 from 371.87 million in 2022.

Direct taxes (Paid) / Net of refund:

Increase in direct taxes paid, amounting to 97.78 million in 2023 from 25.58 million in 2022.

Net cash from operating activities:

Net cash from operating activities decreased to 276.27 million in 2023 from 346.29 million in 2022.

Cash Flow from Investing Activities:

Purchase for Fixed Assets/ Capital Work in Progress:

Increased spending on fixed assets to 167.71 million in 2023 from 64.95 million in 2022.

Advance for Capital Assets:

Increase to 42.29 million in 2023, compared to an outflow of 51.00 million in 2022.

Sale of Fixed Assets:

Slight increase in proceeds from the sale of fixed assets, amounting to 1.43 million in 2023 from 0.26 million in 2022.

(Purchase) / Sale of Non-Current Investments (Net):

Net sale of investments amounting to 32.63 million in 2023 compared to a net purchase of 132.09 million in 2022.

Interest Received:

No interest received in 2023 compared to 7.84 million in 2022.

Net cash from investing activities:

Net cash used in investing activities improved to an outflow of 91.36 million in 2023 from an outflow of 239.94 million in 2022.

Cash Flow from Financing Activities:

Decrease in Long Term Borrowings:

Smaller decrease in long-term borrowings of 10.98 million in 2023 compared to 63.49 million in 2022.

Decrease in Short Term Borrowings:

Smaller decrease in short-term borrowings of 39.45 million in 2023 compared to 61.29 million in 2022.

Dividend paid:

Slight increase in dividends paid, amounting to 48.00 million in 2023 from 47.93 million in 2022.

Finance Cost paid:

Finance cost paid decreased to 11.90 million in 2023 from 30.71 million in 2022.

Net cash from financing activities:

Net cash used in financing activities decreased to an outflow of 110.33 million in 2023 from an outflow of 203.42 million in 2022.

Net Change in Cash and Cash Equivalents:

There was a net increase of 74.58 million in cash and cash equivalents in 2023 compared to a net decrease of 97.07 million in 2022.

Cash and Cash Equivalents:

At the beginning of the year:

117.93 million as at 31st March 2022.

At the end of the year:

Increased to 192.50 million as at 31st March 2023.

Components of Cash and Cash Equivalents:

Cash, cheques, drafts in hand, etc.:

Decreased to 5.07 million in 2023 from 37.45 million in 2022.

Balance and Fixed deposits with Banks:

Increased to 187.44 million in 2023 from 80.48 million in 2022.

Total Cash and Cash equivalent:

Overall, cash and cash equivalents increased to 192.50 million in 2023 from 117.93 million in 2022.

Financial Ratios of Scottish Assam India Limited

Key Financial Ratios

2022-23

2021-22

Debtors Turnover Ratio

132.86%

88.46%

Inventory Turnover Ratio

27.29%

25.51%

Interest Coverage Ratio

42.58

43.17

Current Ratio

0.8

0.71

Debt Equity Ratio

0.05

0.06

Operating Profit Margin

7.52%

16.89%

Net Profit Margin

0.10%

0.33%

Return on Net Worth

5.65%

17.58%

Here is a summary of the financial and operational metrics for Scottish Assam India Limited for the year 2023 & 2022:

Debtors Turnover Ratio:

2022-23: 132.86%

2021-22: 88.46%

Explanation: This ratio measures how efficiently the company collects its receivables. A higher ratio in 2023 indicates improved efficiency in collecting receivables compared to the previous year.

Inventory Turnover Ratio:

2022-23: 27.29%

2021-22: 25.51%

Explanation: This ratio shows how often the inventory is sold and replaced over a period. An increase in 2023 suggests better inventory management and faster turnover compared to 2022.

Interest Coverage Ratio:

2022-23: 42.58

2021-22: 43.17

Explanation: This ratio indicates how easily the company can pay interest on outstanding debt. A slight decrease in 2023 suggests a marginal reduction in the company 's ability to cover interest payments from its earnings.

Current Ratio:

2022-23: 0.80

2021-22: 0.71

Explanation: This ratio measures the company’s ability to pay short-term obligations with its current assets. An increase in 2023 indicates a slight improvement in liquidity compared to 2022.

Debt Equity Ratio:

2022-23: 0.05

2021-22: 0.06

Explanation: This ratio compares the company’s total debt to its shareholders ' equity. A decrease in 2023 shows that the company has reduced its leverage slightly, indicating lower reliance on debt financing.

Operating Profit Margin:

2022-23: 7.52%

2021-22: 16.89%

Explanation: This ratio measures the proportion of revenue left after paying for variable costs of production. A significant decrease in 2023 suggests a drop in profitability from core business operations.

Net Profit Margin:

2022-23: 0.10%

2021-22: 0.33%

Explanation: This ratio shows the percentage of revenue that remains as profit after all expenses. The decline in 2023 indicates reduced overall profitability.

Return on Net Worth:

2022-23: 5.65%

2021-22: 17.58%

Explanation: This ratio measures the return on shareholders ' equity. A significant drop in 2023 suggests that the company generated lower returns on equity compared to the previous year.

Dividend History

 

Particulars

2023

2022

Dividend

 

 

Retained Earnings

4,173.62

3,963.08

The Scottish Assam India Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for, Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2023 amounted to Rs. 4,173.62 Lakhs, while in 2022, they were Rs. 3,963.08 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.

Industry overview 

India Tea Market was valued at USD 11,702.3 Million in 2024 and is expected to reach USD 17,934.1 Million by 2033, at a CAGR of 4.19% during the forecast period 2024 – 2033.Tea is a brewed beverage prepared from the cured leaves of the Camellia sinensis plant. It originated in China and is now consumed all over the world. Tea leaves can be processed in various ways to produce different types of tea, each with its unique flavor and aroma.

FAQ Related to Scottish Assam India Limited 

Q.1) Is Scottish Assam India Limited is a private or public company?

The Scottish Assam (India) Ltd is a Public incorporated on 27 September 1977.

 Q.2) Do Scottish Assam India Limited Listed or not?

The Scottish Assam India Limited is an unlisted company.

Q.3) In which field the work of Scottish Assam India Limited?

The Company was incorporated in the year 1977 with a garden named 'Heeleakah Tea Estate ' of about 950 Hectares. Heeleakah is also brand name of the tea produced by the company and became a popular brand among the upper Assam teas. In the year 2012 Company started manufacturing teas from bought leaf marked as 'Dhopatbari ', which is also doing well since then.

Q.4) What is the state of the Scottish Assam India ltd incorporation?

The state in which company is incorporated is Kolkata.

Annual Report

The Scottish Assam Annual Report 2022-23

Download

The Scottish Assam Annual Report 2021-22

Download

The Scottish Assam Annual Report 2020-21

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