U.P. Asbestos Annual Report | Balance Sheet

U P Asbestos Limited (UPAL) Return Comparision with Primex 40 Index

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U P Asbestos Limited

BALANCE SHEET OF U P ASBESTOS LIMITED (Rs. in Lakhs)

(As of 31-03-2019 to 31-03-2021)

PARTICULARS	2021	2020	2019
ASSETS
Non-Current Assets
Property, Plant, and Equipment	8,453.48	8,050.17	7,940.70
Capital work-in-progress	129.92	120.80	86.26
Investment Property	1,390.55	1,606.32	1,822.55
Financial Assets
Investments	6.65	1.44	4.34
Trade receivables	-	-	-
Others Financial Assets	8.25	152.03	244.35
Income tax assets (net)	-	29.57	22.67
Other non-current assets	708.07	1,050.76	1,155.40
Total Non-Current Assets	10,696.92	11,011.09	11,276.27
Current assets
Inventories	5,591.49	5,381.92	3,161.19
Financial Assets
Trade receivables	3,249.10	3,873.66	3,377.42
Cash and cash equivalents	339.78	46.66	213.68
Bank balances other than above	57.31	57.31	60.53
Loans	495.18	362.81	445.69
Others Financial Assets	221.90	71.69	64.93
Other current assets	789.14	351.86	347.81
Total Current Assets	10,743.90	10,145.91	7,671.25
TOTAL ASSETS	21,440.82	21,157.00	18,947.52
EQUITY AND LIABILITIES
Equity
Equity Share capital	911.71	911.71	911.71
Other Equity	9,397.76	8,947.50	8,749.41
Total Equity	10,309.47	9,859.21	9,661.12
LIABILITIES
Non-current liabilities
Financial Liabilities
Borrowings	4,695.35	4,183.76	2,461.30
Provisions	81.30	90.43	69.54
Deferred tax liabilities (Net)	523.31	495.01	412.38
Other non-current liabilities	58.27	58.27	58.27
Total Non-Current Liabilities	5,358.23	4,827.47	3,001.49
Current liabilities
Financial Liabilities
Borrowings	3,869.13	4,223.88	4,689.70
Trade payables
Total outstanding dues of micro-enterprises and small enterprises	-	-	-
Total outstanding dues of creditors other than micro enterprises and small enterprises	681.59	1017.97	724.48
Other financial liabilities	520.02	673.22	662.54
Other current liabilities	673.68	530.21	177.66
Provisions	25.42	25.04	30.53
Current Tax Liabilities (Net)	3.28	-	-
Total Current Liabilities	5,773.12	6,470.32	6,284.91
TOTAL EQUITY AND LIABILITIES	21,440.82	21,157.00	18,947.52

PROFIT & LOSS STATEMENT OF U P ASBESTOS LIMITED

(Rs. in Lakhs)

(As of 31-03-2019 to 31-03-2021)

Particular	2021	2020	2019
INCOME
Revenue From Operations	20,172.34	16,239.71	15,233.73
Other Income	810.91	677.56	728.30
Total Income	20,983.25	16,917.27	15,962.03
EXPENSES
Cost of materials consumed	10,213.22	8,913.82	7,476.84
Purchases of Stock-in-Trade	6,161.55	4,383.61	4,096.08
Changes in inventories of finished goods, Stock-in -Trade and work-in-progress	(406.47)	(890.05)	57.17
Employee benefits expense	687.78	713.04	720.70
Finance costs	872.03	876.41	777.47
Depreciation and amortization expense	517.89	500.11	498.54
Other expenses	2,365.06	2,057.63	2,019.77
Total expenses	20,411.06	16,554.57	15,646.57
Profit/(loss) before exceptional items and tax	572.19	362.70	315.46
Exceptional Items	-	-	-
Profit/(loss) before tax	572.19	362.70	315.46
Tax expense:
Current tax	108.26	61.10	71.59
Deferred tax	24.70	86.66	125.40
Profit (Loss) for the year	439.23	214.94	118.47
Other Comprehensive Income/(Loss)
(A) Items that will not be reclassified to profit or loss
(a) Re- measurement gains/(losses) on defined benefit obligation	12.93	(14.48)	(7.79)
(b) Gains/(losses) on Fair Value of Equity	5.21	(2.90)	0.14
Instruments through other Comprehensive Incomes
(c) Income Tax Effect on above	(3.60)	4.03	2.17
(B) Items that will be reclassified to profit or loss
(a) Re- measurement gains/(losses) on defined benefit obligation	-	-	-
(b) Income Tax Effect on above	-	-	-
Total Comprehensive Income for the year	14.54	(13.35)	(5.48)
Comprising Profit / (Loss) and Other Comprehensive Income for the year	453.77	201.59	112.99
Earnings per equity share:
Earnings per equity share (Basic)	4.82	2.36	1.30
Earnings per equity share (Diluted)	4.82	2.36	1.30

DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2019 to 31-03-2021)

Particulars	2021	2020	2019
Dividend	Nil	Nil	Nil
Retained Earnings (Rs. in Lakhs)	3,561.03	3,121.81	2,906.87

PERFORMANCE OF THE COMPANY

Revenue from operations increased from Rs. 16,239.71 Lakh in FY 2020 to Rs. 20,172.34 Lakh in FY 2021, showing a growth of 24.21% as compared to the previous financial year.
Finance Cost has decreased from Rs. 876.41 Lakh in FY 2020 to Rs. 872.03 Lakh in FY 2021 showing a decline of 0.49% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs. 439.23 Lakh, as compared to a net profit of Rs. 214.94 Lakh in FY 2020 showing a growth of 104.35%.
The Current Ratio of the company as of 31st March 2021 was 1.86.
The debt-to-equity ratio of the company as of 31st March 2021 was 2.07.
In the Financial Year 2020-21, the company has not paid dividends.

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U P Asbestos Limited (UPAL) Return Comparision with Primex 40 Index

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