Vimal Oil And Foods Annual Reports, Balance Sheet and Financials

Vimal Oil And Foods Limited Balance Sheet (Rs In Lakhs)

Particulars	2019	2018
A. ASSETS
(1) Non-Current Assets
(a) Property, Plant & Equipment	1036.97	1483.69
(b) Financial Assets :
(i) Investments	0.6	0.6
(ii) Loans	550.15	550.9
Sub-Total Non-Current Assets	1587.72	2035.19
(2) Current Assets
(a) Inventories	18.7	19.81
(b) Financial Assets :
(i) Trade receivables	1132.52	918.52
(ii) Cash and cash equivalents	30.93	56.44
(iii) Bank Balances other than (ii) above	407.24	230.85
(iv) Loans	439.64	560.58
Sub-Total Current Assets	2029.03	1786.2
Total Assets	3616.75	3821.39
A. EQUITY AND LIABILITIES
(1) Equity
(a) Equity Share capital	1502	1502
(b) Other Equity	-70,857.20	-69,637.86
Sub-Total Equity	-69,355.20	-68,135.86
(a) Financial Liabilities :
Borrowings	969.88	829.03
(b) Deferred tax liabilities (Net)	-22.1	76.81
Sub-Total Non- Current Liabilities	947.78	905.84
(4) Current Liabilities
(a) Financial Liabilities
(i) Borrowings	70100.11	69028.8
(ii) Trade Payables	1845.59	1844.92
(b) Other current liabilities	22.48	98.53
(c) Provisions	55.98	79.15
Sub-Total Current Liabilities	72024.16	71051.4
Total Equity and Liabilities	3616.75	3821.39

Vimal Oil And Foods Limited Profit & Loss Statement (Rs In Lakhs)

Particulars	2019	2018
I. INCOME
Revenue from operations Less: Excise Duty	2,072.13	47,158.36
Less: Excise Duty	0	-19.47
Net Revenue from operations	2,072.13	47,138.89
Other Income	41.93	19.22
Total Revenue	2,114.06	47,158.11
II.  EXPENDITURE:
Cost of Materials Consumed		33,180.61
Purchase of Stock -in-Trade		4733.85
Changes in Inventories of Finished goods, Work-in-Progress and by products		6,002.65
Employee Benefits Expense	-396.86	466.78
Finance Costs	122.85	768.21
Depreciation and Amortization Expense Other Expenses	456.93	653.39
Other Expenses	1,382.31	16,507.62
Total Expenses	2,358.95	62,313.10
III.  Profit Before Exceptional Items & Tax	-244.89	-15,155.00
Exceptional Items	-1,069.80	-4,328.03
IV. Profit Before Tax	-1,314.69	-19,483.03
V. Tax Expenses
Current tax	0.36	1.08
Deferred tax	-98.91	-150.84
Income tax for earlier years	0.15	0
VI. Profit for the year (before adjustment for Minority Interest)	-1,216.29	-19,333.27
Profit for the Year (after adjustment for Minority Interest)	-1,216.29	-19,333.27
Earning Per Equity Share of face value of Rs. 10 each
Basic & Diluted (in Rs.)	-8.1	-128.72

Vimal Oil And Foods Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2019	2018
CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before Taxes & Extra-Ordinary Items	-244.89	-15,155.00
Adjustments for :
Depreciation	456.93	653.39
Interest & Other Financial Charges	122.85	768.21
Dividend Income		-0.1
Profit on Sale of Assets Loss on Sale of Assets		9.31
Short/ Excess Provision of Income Tax & Other adjustments	-3.11	0.21
Operating Profit before Working Capital Changes	331.78	-13723.98
(Increase) / Decrease in Inventory	1.11	8350.35
(Increase) / Decrease in Trade Receivables	-214	7177.2
(Increase) / Decrease in Short term loans & advances	120.94	3710.55
(Increase) / Decrease in Long term loans & advances	1071.31	16.64
Increase / (Decrease) in Trade Payables	0.67	-10063.35
Increase / (Decrease) in Other Current Liabilities	-76.05	-88.63
Increase / (Decrease) in Short Term Provisions	-22.45	-21.87
Cash Generated from Operation	1,213.31	-4643.09
Direct Taxes Paid	1.08	1.08
Net Cash from Operating Activities	-22.45	-21.87
CASH FLOW FROM INVESTING ACTIVITIES	1,212.23	-4644.17
Purchase of Fixed Assets & Capital WIP	-10.17	-18.11
Sale of Fixed Assets	0	44
Decrease / (Increase) in Bank FDR	-176.39	794.56
Dividend Income	0	0.1
Net Cash (used in) / from Investing Activities	-186.56	820.55
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from/ (Repayment of) Borrowings	141.6	8035.37
Liability on A/c of Preference Shares	0	89.13
Interest Paid (Net)	-1,192.65	-5,096.24
Net Cash (used in) / from Financing Activities	-1,051.05	3028.26
Net Increase /(decrease) in Cash and Cash Equivalents	-25.38	-795.37
Opening Balance of Cash & Cash Equivalents	56.44	851.8
Closing Balance of Cash & Cash Equivalents	30.93	56.44
Cash & Cash Equivalents comprises of: (Referring note 14)
Cash on hand	8.68	8.64
Balance in Current account	16.3	40.21
Balance in Unpaid Dividend account	5.95	7.59
Total	30.93	56.44

Certainly, here is a summary of the Cash Flow Statement for the years 2019 and 2018:

Cash Flows from Operating Activities:

1. Net Profit before Taxes & Extra-Ordinary Items:

Represents the company 's profit or loss before considering taxes and extraordinary items.

2019: -244.89 Rs

2018: -15,155.00 Rs

2. Adjustments for:

Depreciation:

Represents the allocation of the cost of assets over time.

2019: 456.93 Rs

2018: 653.39 Rs

Interest & Other Financial Charges:

Represents the interest expenses and other financial charges incurred by the company.

2019: 122.85 Rs

2018: 768.21 Rs

Dividend Income:

Represents income earned from dividends on investments.

2019: Not provided

2018: -0.1 Rs (indicates receipt of dividend income)

Profit on Sale of Assets / Loss on Sale of Assets:

Represents the profit or loss from selling assets.

2019: 9.31 Rs (Profit)

2018: Not provided

Short/Excess Provision of Income Tax & Other Adjustments:

Represents adjustments related to income tax provisions.

2019: -3.11 Rs

2018: 0.21 Rs

3. Operating Profit before Working Capital Changes:

Represents the profit generated from core operations before considering changes in working capital.

2019: 331.78 Rs

2018: -13,723.98 Rs

4. Adjustments for Working Capital Changes:

(Increase) / Decrease in Inventory:

Represents the change in the value of inventory.

2019: 1.11 Rs (increase)

2018: 8350.35 Rs (significant increase)

(Increase) / Decrease in Trade Receivables:

Represents the change in amounts owed to the company by customers.

2019: -214 Rs (decrease)

2018: 7177.2 Rs (significant increase)

(Increase) / Decrease in Short-term loans & advances:

Represents the change in short-term loans and advances.

2019: 120.94 Rs (increase)

2018: 3710.55 Rs (significant increase)

(Increase) / Decrease in Long-term loans & advances:

Represents the change in long-term loans and advances.

2019: 1071.31 Rs (increase)

2018: 16.64 Rs (increase)

Increase / (Decrease) in Trade Payables:

Represents the change in amounts the company owes to its suppliers.

2019: 0.67 Rs (increase)

2018: -10063.35 Rs (significant decrease)

Increase / (Decrease) in Other Current Liabilities:

Represents the change in other current liabilities.

2019: -76.05 Rs (decrease)

2018: -88.63 Rs (decrease)

Increase / (Decrease) in Short-term Provisions:

Represents the change in short-term provisions.

2019: -22.45 Rs (decrease)

2018: -21.87 Rs (decrease)

5. Cash Generated from Operation:

Represents the net cash generated from the company 's core operating activities.

2019: 1,213.31 Rs

2018: -4643.09 Rs

6. Direct Taxes Paid:

Represents the cash paid for direct taxes.

2019: 1.08 Rs

2018: 1.08 Rs

7. Net Cash from Operating Activities:

Represents the overall cash generated or used by the company 's operating activities.

2019: -22.45 Rs

2018: -21.87 Rs

Cash Flows from Investing Activities:

1. Purchase of Fixed Assets & Capital WIP:

Represents the cash spent on acquiring fixed assets and work in progress.

2019: -10.17 Rs

2018: -18.11 Rs

2. Sale of Fixed Assets:

Represents cash received from selling fixed assets.

2019: 0 Rs

2018: 44 Rs

3. Decrease / (Increase) in Bank FDR:

Represents the change in fixed deposits with banks.

2019: -176.39 Rs

2018: 794.56 Rs

4. Dividend Income:

Represents income earned from dividends on investments.

2019: 0 Rs

2018: 0.1 Rs

5. Net Cash (used in) / from Investing Activities:

Represents the overall cash generated or used by the company 's investing activities.

2019: -186.56 Rs

2018: 820.55 Rs

Cash Flows from Financing Activities:

1. Proceeds from/ (Repayment of) Borrowings:

Represents the cash received from or repaid on borrowings.

2019: 141.6 Rs

2018: 8035.37 Rs

2. Liability on A/c of Preference Shares:

Represents the cash related to liabilities from preference shares.

2019: 0 Rs

2018: 89.13 Rs

3. Interest Paid (Net):

Represents the net cash paid for interest.

2019: -1,192.65 Rs

2018: -5,096.24 Rs

4. Net Cash (used in) / from Financing Activities:

Represents the overall cash generated or used by the company 's financing activities.

2019: -1,051.05 Rs

2018: 3028.26 Rs

Net Increase /(Decrease) in Cash and Cash Equivalents:

Represents the overall change in cash during the period, combining operating, investing, and financing activities.

2019: -25.38 Rs

2018: -795.37 Rs

Cash and Cash Equivalents:

Opening Balance of Cash & Cash Equivalents:

Represents the cash position at the start of the period.

2019: 56.44 Rs

2018: 851.8 Rs

Closing Balance of Cash & Cash Equivalents

Represents the final cash position after all cash inflows and outflows.

2019: 30.93 Rs

2018: 56.44 Rs

Composition of Cash & Cash Equivalents:

Cash on hand:

2019: 8.68 Rs

2018: 8.64 Rs

Balance in Current account:

2019: 16.3 Rs

2018: 40.21 Rs

Balance in Unpaid Dividend account:

2019: 5.95 Rs

2018: 7.59 Rs

Total Cash & Cash Equivalents:

2019: 30.93 Rs

2018: 56.44 Rs