Fancy Fittings Annual Reports | Balance Sheet for FY 2020-21

Fancy Fittings Limited (Fancy Fittings) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Fancy Fittings Limited

Fancy Fittings Limited Balance Sheet (Rs. In Crore)

Particulars	31st March 2021	31st March 2020	31st March 2019
SOURCES OF FUNDS :
Share Capital	3.26	3.26	3.26
Reserves Total	15.79	25.1	27.26
Total Shareholders Funds	19.05	28.36	30.52
Secured Loans	43.21	38.12	39.78
Total Debt	43.21	38.12	39.78
Other Liabilities	1.83	1.82	1.34
Total Liabilities	64.09	68.3	71.64
APPLICATION OF FUNDS :
Gross Block	79.66	77.24	71.61
Less : Accumulated Depreciation	35.74	32.33	29.83
Net Block	43.92	44.91	41.78
Capital Work in Progress	1.26	2.84	4.87
Investments	0.16	0.09	0.1
Current Assets, Loans & Advances
Inventories	17.35	23.62	24.77
Sundry Debtors	13.78	14.39	13.98
Cash and Bank	1.41	1.86	2.21
Loans and Advances	6.05	4.85	6.99
Total Current Assets	38.59	44.73	47.95
Less : Current Liabilities and Provisions
Current Liabilities	23.3	25.8	20.54
Total Current Liabilities	23.3	25.8	20.54
Net Current Assets	15.29	18.93	27.41
Deferred Tax Assets	1.05	0	0
Deferred Tax Liability	0	2.26	3.18
Net Deferred Tax	1.05	-2.26	-3.18
Other Assets	2.4	3.8	0.66
Total Assets	64.09	68.31	71.64
Contingent Liabilities	0.88	0.88	1.93

Fancy Fittings Limited Profit & Loss Statement (Rs. In Crore)

Particulars	2021	2020	2019
INCOME :
Sales Turnover	75.12	93.74	90.82
Net Sales	75.12	93.74	90.82
Other Income	1.21	0.58	1.28
Stock Adjustments	-6.23	-0.1	4.32
Total Income	70.1	94.22	96.42
EXPENDITURE :
Raw Materials	46.86	53.21	55.15
Power & Fuel Cost	2.88	3.69	3.09
Employee Cost	12.59	16.59	15.37
Other Manufacturing Expenses	6.49	8.98	10.43
Selling and Administration Expenses	2.85	3.64	4.05
Miscellaneous Expenses	1.46	0.08	0.15
Total Expenditure	73.12	86.18	88.24
Operating Profit	-3.02	8.04	8.18
Interest	4.3	6.04	4.64
Gross Profit	-7.32	2	3.54
Depreciation	5.36	4.92	3.05
Profit Before Tax	-12.68	-2.92	0.49
Deferred Tax	-3.33	-0.89	0.2
Reported Net Profit	-9.35	-2.03	0.23
Extraordinary Items	0.65	0.05	0
Adjusted Net Profit	-10	-2.08	0.23
Adjst. below Net Profit	-0.03	-0.05	-1.7
P & L Balance brought forward	20.92	23	24.47
P & L Balance carried down	11.55	20.92	23
Earnings Per Share-Unit Curr	-28.69	-6.22	0.71

Fancy Fittings Cash Flow Statement for the last three years (In Rs. Crore)

Particulars	31st March 2021	31st March 2020	31st March 2019
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	0.23	0.43	0.71
Net Cash from Operating Activities	-4.61	8.76	2.18
Net Profit before Tax & Extraordinary Items	-9.35	-2.03	0.23
Depreciation	5.36	4.92	3.05
Interest (Net)	-0.35	-0.48	-0.54
P/L on Sales of Assets	-0.65	0	0
P/L in Forex	-0.08	0.04	-0.08
Others	-3.39	-0.94	0.22
Total Adjustments (PBT & Extraordinary Items)	0.89	3.54	2.65
Op. Profit before Working Capital Changes	-8.46	1.51	2.88
Trade & 0th receivables	0.61	-0.41	0.28
Inventories	6.28	1.15	-1.81
Trade Payables	-2.98	4.32	2.72
Others	-0.06	2.21	-1.88
Total (OP before Working Capital Changes)	3.85	7.25	-0.7
Cash Generated from/(used in) Operations	-4.61	8.76	2.18
Cash Flow before Extraordinary Items	-4.61	8.76	2.18
Net Cash Used in Investing Activities	-0.33	-8.66	-6.08
Purchased of Fixed Assets	-2.8	-6.02	-10.08
Sale of Fixed Assets	0.65	0	0
Interest Received	0.35	0.48	0.54
Others	1.47	-3.12	3.45
Net Cash Used in Financing Activities	4.86	-0.31	3.62
Proceed from 0ther Long Term Borrowings	4.86	0	3.62
Of the Long Tem Borrowings	0	-0.31	0
Net Inc/(Dec) in Cash and Cash Equivalent	-0.08	-0.2	-0.28
Cash and Cash Equivalents at End of the year	0.15	0.23	0.43

Summary of cash flow statement for Fancy Fittings Limited (Rs. In Crore)

Operating Activities:

- In 2021, the net cash from operating activities was negative at Rs. -4.61 crore. This indicates that the company had more cash outflows than inflows from its day-to-day business operations. This negative cash flow could be attributed to various factors such as increased expenses, reduced sales, or inefficient working capital management.

- In 2020, the company generated a positive net cash flow from operating activities amounting to Rs. 8.76 crore. This suggests that the company was able to generate cash from its core business operations during that year.

- In 2019, the net cash from operating activities was positive at Rs. 2.18 crore, indicating a healthy cash inflow from day-to-day operations.

Investing Activities:

- In 2021, the company used Rs. 0.33 crore in investing activities. This suggests that the company made investments or incurred expenses related to its capital assets during the year.

- In 2020, there was a significant cash outflow of Rs. 8.66 crore in investing activities, indicating substantial investments in fixed assets or other long-term investments.

- In 2019, the company had a negative cash flow of Rs. 6.08 crore from investing activities, indicating significant investments or capital expenditures during that year.

Financing Activities:

- In 2021, there was a net cash inflow of Rs. 4.86 crore from financing activities. This indicates that the company raised funds or received cash from other long-term borrowings.

- In 2020, there was a net cash outflow of Rs. 0.31 crore from financing activities, suggesting a repayment or reduction in long-term borrowings.

- In 2019, there was a net cash inflow of Rs. 3.62 crore from financing activities, indicating that the company raised funds or received cash from other long-term borrowings.

Overall, over the three-year period, Fancy Fittings experienced varying cash flows from its operating, investing, and financing activities. It is important to assess the underlying factors contributing to these cash flows and their impact on the financial health of the company.

Funds Flow Statement of Fancy Fittings Limited (Rs. In Crore)

Particulars	Mar-21	Mar-20	Mar-19
Sources of funds
Cash profit	0	0.47	2.87
Increase in equity	0	0	1.63
Increase in other networth	0.04	0	0
Increase in loan funds	5.09	0	9.75
Decrease in investments	0	0.01	0
Decrease in working capital	1.73	4.41	0
Total Inflow	6.86	4.89	14.25
Application of funds
Cash loss	5.94	0	0
Decrease in networth	0	0.13	1.77
Decrease in loan funds	0	1.16	0
Increase in gross block	0.84	3.6	9.65
Increase in investments	0.07	0	0.01
Increase in working capital	0	0	2.8
Total Outflow	6.85	4.89	14.25

Fancy Fittings Limited Key Financial Ratios

Particulars	Mar-21	Mar-20	Mar-19
Key Ratios
Debt-Equity Ratio	1.72	1.32	1.15
Long Term Debt-Equity Ratio	0.49	0.32	0.25
Current Ratio	0.77	0.84	0.88
Turnover Ratios
Fixed Assets Turnover Ratio	0.96	1.26	1.42
Inventory Turnover Ratio	3.67	3.87	3.81
Debtors Turnover Ratio	5.33	6.61	6.43
Total Asset Turnover Ratio	1.13	1.34	1.36
Interest Cover Ratio	-1.95	0.52	1.11
PBIDTM (%)	-4.02	8.58	9.01
PBITM (%)	-11.16	3.33	5.65
PBDTM (%)	-9.74	2.13	3.9
CPM (%)	-5.31	3.08	3.61
APATM (%)	-12.45	-2.17	0.25
ROCE (%)	-12.66	4.46	7.69
RONW (%)	-39.44	-6.9	0.75

Fancy Fittings Dividend History

Particulars	2021	2020	2019
Dividend per Share	Nil	Nil	Nil