Hind Ispat Latest Annual Report | Balance Sheet and Financials

Hind Ispat Limited (Hind Ispat ) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Hind Ispat Limited

Hind Ispat Limited Balance Sheet (In Rs)

Particulars	2021	2020
(1) ASSETS
Non-current assets
(a) Property, Plant and Equipment	5,913.50	5,913.50
(b) Capital work-in-progress
(c) Goodwill
(d) Financial Assets
(i) Investments	-	-
(ii) Trade receivables
(iii) Loans & Advances	7,81,42,960.00	7,77,40,122.00
(e) Deferred tax assets (net)		-
(f) Other non-current assets	21,93,921.28	21,67,916.28
(2) Current assets
(a) Inventories
(b) Financial Assets
(i) Investments	-	-
(ii) Trade receivables	-	-
(iii) Cash and cash equivalents	22,53,884.22	1,07,231.22
(v) Loans & Advances	22,99,14,924.00	22,98,87,453.00
(c) Current Tax Assets (Net)
(d) Other current assets	17,27,259.18	11,09,555.18
Total Assets	31,42,38,862.18	31,10,18,191.18
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital	25,68,97,500.00	25,68,97,500.00
(b) Other Equity	1,37,49,668.18	1,36,13,483.18
LIABILITIES
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings	-	-
(ii) Trade payables
(b) Deferred tax liabilities (Net)	1,024.00	736
(c) Other non-current liabilities	-	-
Current liabilities
(a) Financial Liabilities
(i) Borrowings	7,01,000.00	7,01,000.00
(ii) Trade payables	2,24,14,692.00	2,12,14,692.00
(b) Other current liabilities	2,04,35,016.00	1,85,76,823.00
(d) Tax Liabilities (Net)	39,962.00	13,957.00
Total Equity and Liabilities	31,42,38,862.18	31,10,18,191.18

Hind Ispat Limited Profit & Loss Statement (In Rs)

Particulars	2021	2020
Revenue From Operations	76,16,348.00	1,13,17,514.00
Other Income	-	-
Total Income (I+II)	76,16,348.00	1,13,17,514.00
EXPENSES
Cost of materials consumed
Purchases of Stock-in-Trade	12,00,000.00	49,00,000.00
Changes in inventories of finished goods,
Stock-in -Trade and work-in-progress
Employee benefits expense	32,96,590.00	36,14,133.00
Finance costs	944	2,330.80
Depreciation and amortization expense	-	-
Other expenses	29,82,341.00	27,27,805.00
Total expenses (IV)	74,79,875.00	1,12,44,268.80
Profit/(loss) before exceptional items and tax (I- IV)	1,36,473.00	73,245.20
Exceptional Items	-	-
Profit/(loss) before tax (V-VI)	1,36,473.00	73,245.20
Tax expense:
(1) Current tax	26,005.00	13,957.00
Less: MAT Credit Entitlement	-26,005.00	-13,957.00
(2) Deferred tax	288	630
(3) Income tax Adjustment	-	-
(4) Deferred tax Adjustment	-	-
Profit (Loss) for the period from continuing operations (VII-VIII)	1,36,185.00	72,615.20
Profit/(loss) from discontinued operations	-	-
Tax expense of discontinued operations	-	-
Profit/(loss) from Discontinued operations (after tax) (X-XI)	-	-
Profit/(loss) for the period (IX+XII)	1,36,185.00	72,615.20
Other Comprehensive Income	-	-
A (i) Items that will not be reclassified to profit or loss
(ii) Income tax relating to items that will not be reclassified to profit or loss
B (i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be reclassified to profit or loss
Total Other Comprehensive Income	-	-
Total Comprehensive Income for the period (XIII+XIV)(Comprising Profit (Loss) and Other Comprehensive Income for the period	1,36,185.00	72,615.20
Earnings per equity share (Face Value of Rs. 10/- each)
(1) Basic	0.01	0
(2) Diluted	0.01	0

Hind Ispat Limited Consolidated Cash Flow Statement (In Rs)

Particulars	2021	2020
(A)CASH FLOW FROM OPERATING ACTIVITIES:-
1.Net profit before tax	1,36,473.00	73,245.20
2.Adjustment for:
Add: Depreciation & Amortisation Expenses	-	-
Add: Amortization Expenses / Written off	-	-
Less: Other Income	-	-
Operating Profit before Working capital changes	1,36,473.00	73,245.20
3.Working Capital Changes:
Decrease (Increase) in Trade & Other Receivables	-	2,09,901.00
Decrease (Increase) in Other Current Assets	-6,17,704.00	14,57,306.82
Decrease (Increase) in Other Non Current Assets	-	-
Increase (Decrease) in Trade & Other Payables	12,00,000.00	49,00,000.00
Increase (Decrease) in Current Liabilities & Provisions	-	-
Increase (Decrease) in Other Current Liabilities	18,58,193.00	47,06,530.00
Net Changes in Working Capital	24,40,489.00	1,12,73,737.82
Cash Generated from Operations	25,76,962.00	1,13,46,983.02
Adjustment of Taxes		7,86,688.82
Net Cash Flow from Operating Activities (A)	25,76,962.00	1,05,60,294.20
(B.) CASH FLOW FROM INVESTING ACTIVITIES :
Purchase of Property, Plant & Equipment	-	-
Non Current Financial Assets
(Increase) Decrease in Loans & Advances	-4,02,838.00	63,65,567.00
Current Financial Assets
(Increase) Decrease in Loans & Advances	-27,471.00	-1,79,36,996.00
Other Income	-	-
Increase in Other Non Current Assets		-
Net Cash Flow from Investing Activities (B)	-4,30,309.00	-1,15,71,429.00
(C.) CASH FLOW FROM FINANCING ACTIVITIES :
Issue of share capital and Proceeds from Share Application Money	-	-
Non Current Financial Assets
Increase / (Decrease) in Borrowings	-	-
Current Financial Assets
Increase / (Decrease) in Borrowings	-	2,50,000.00
Net Cash Flow from Financing Activities (C)	-	2,50,000.00
Net Increase / (Decrease) in Cash & Cash Equivalents ( A-B+C )	21,46,653.00	-7,61,134.80
Cash and cash equivalents at the beginning of the year /Period	1,07,231.22	8,68,366.02
Cash and cash equivalents at the end of the year/ Period	22,53,884.22	1,07,231.22

Here is a summary of the Cash Flow Statement for the years 2021 and 2020:

Operating Activities (A):

1. Net Profit Before Tax:

In 2021, the company 's net profit before tax saw a substantial increase, reaching INR 1,36,473.00, compared to INR 73,245.20 in the previous year.

2. Operating Profit Before Working Capital Changes:

The operating profit before accounting for changes in working capital stood at INR 1,36,473.00 in 2021, indicating a robust operational performance.

3. Working Capital Changes:

The company experienced a net increase in working capital of INR 24,40,489.00.

Notable components contributing to this change included a decrease in trade and other receivables and other current assets. However, there was an increase in trade and other payables and other current liabilities.

4. Cash Generated from Operations:

The cash generated from operations amounted to INR 25,76,962.00 after adjusting for taxes, showcasing the company 's ability to generate cash from its core business activities.

Investing Activities (B):

1. Net Cash Flow from Investing Activities:

The company reported a net cash outflow of INR 4,30,309.00 from its investing activities in 2021.

This outflow was primarily attributed to a decrease in loans and advances related to both non-current and current financial assets.

2. Purchase of Property, Plant & Equipment:

There were no reported purchases of property, plant, and equipment during the specified period.

Financing Activities (C):

1. Net Cash Flow from Financing Activities:

The net cash flow from financing activities amounted to INR 2,50,000.00.

There were no issues of share capital or proceeds from share application money during this period.

Overall Cash Position:

1. Net Increase/(Decrease) in Cash & Cash Equivalents (A-B+C):

The company witnessed a significant improvement in its overall cash position, with a net increase of INR 21,46,653.00.

2. Cash and Cash Equivalents:

The period started with cash and cash equivalents of INR 1,07,231.22 and ended at INR 22,53,884.22.

In summary, the company demonstrated strong profitability and effective management of working capital, leading to a substantial increase in cash and cash equivalents despite cash outflows from investing activities.

Hind Ispat Latest Annual Report, Balance Sheet and Financials

Hind Ispat Limited (Hind Ispat ) Return Comparision with Primex 40 Index

Hind Ispat Limited Balance Sheet (In Rs)

Hind Ispat Limited Profit & Loss Statement (In Rs)

Hind Ispat Limited Consolidated Cash Flow Statement (In Rs)

Financial Ratios (NA)

Dividend History (NA)

Hind Ispat Annual Report

Hind Ispat Annual Report 2020-21

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