I Secure Credit and Capital Services Limited Latest Annual Report, Balance Sheet and Financials

I secure credit and capital services limited Balance Sheet (Rs in lakhs)

I secure credit and capital services limited Profit & Loss Statement (Rs in lakhs)

I secure credit and capital services limited Consolidated Cash Flow Statement (Rs in lakhs)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

Profit before Tax (PBT):

31-03-2023: -26.76

31-03-2022: 261.39

The significant decrease in PBT indicates a shift from profitability to a loss-making situation in 2023.

Adjustments to Profit for Non-Cash Items:

Depreciation, Amortization and Impairment:

31-03-2023: 1.52

31-03-2022: 0.34

Increase, indicating higher depreciation and impairment charges in 2023.

Impairment on Financial Instruments:

31-03-2023: 51.15

31-03-2022: 48.48

Slight increase in impairment charges.

Interest Exp:

31-03-2023: 18.97

31-03-2022: 22.6

Decrease in interest expenses.

Working Capital Changes:

Trade Receivables and Other Assets:

31-03-2023: 79.55 (increase)

31-03-2022: -225.49 (decrease)

Loans & Advances:

31-03-2023: -111.01 (decrease)

31-03-2022: -487.65 (decrease)

Payables and Other Liabilities:

31-03-2023: -39.67 (decrease)

31-03-2022: 42.4 (increase)

Tax Payments:

31-03-2023: 31

31-03-2022: 20

Summary of Operating Cash Flow:

Net Cash from Operating Activities:

31-03-2023: -82.62

31-03-2022: -373.32

Improved cash flow from operations due to better management of working capital despite the decrease in profitability.

Cash Flow from Financing Activities:

Increase/(Decrease) in Borrowings:

31-03-2023: -421.17 (decrease)

31-03-2022: 217.2 (increase)

Proceeds Received on Convertible Equity Warrant:

31-03-2023: -

31-03-2022: 600

Interest Paid:

31-03-2023: -18.97

31-03-2022: -22.6

Decrease in interest paid.

Summary of Financing Cash Flow:

Net Cash from Financing Activities:

31-03-2023: -438.59

31-03-2022: 794.12

Significant outflow primarily due to the decrease in borrowings.

Cash Flow from Investment Activities:

Purchase of Fixed Assets:

31-03-2023: -3.31

31-03-2022: -

Investment in fixed assets in 2023.

Summary of Investment Cash Flow:

Net Cash from Investment Activities:

31-03-2023: -3.31

31-03-2022: -6

Overall Cash Flow:

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

31-03-2023: -524.51 (decrease)

31-03-2022: 414.8 (increase)

Cash and Cash Equivalents at the end of the year:

31-03-2023: 190.09

31-03-2022: 714.61

Financial Ratios of I secure credit and capital services limited

1. Debtors Turnover Ratio:

31-03-2023: NA

31-03-2022: 126 Days

The Debtors Turnover Ratio is not available for 31-03-2023, indicating a lack of data or possibly a significant change in accounts receivable management that prevents calculation. In 31-03-2022, the ratio was 126 days, suggesting that on average, it took the company 126 days to collect its accounts receivable.

2. Current Ratio:

31-03-2023: 52.75:1

31-03-2022: 14.51:1

The current ratio measures the company 's ability to pay short-term liabilities with its short-term assets. A higher current ratio is generally better as it indicates a stronger liquidity position.

31-03-2023: The current ratio of 52.75:1 indicates a very high liquidity position, possibly due to a significant increase in current assets relative to current liabilities.

31-03-2022: A current ratio of 14.51:1 also indicates a strong liquidity position but is lower compared to 31-03-2023.

3. Operating Profit Ratio:

31-03-2023: -30.32%

31-03-2022: 67.11%

The operating profit ratio (also known as operating margin) indicates the percentage of sales revenue that turns into operating profit.

31-03-2023: A negative operating profit ratio of -30.32% indicates that the company incurred an operating loss, meaning its operating expenses exceeded its operating income.

31-03-2022: A high operating profit ratio of 67.11% indicates strong profitability from operations in 2022.

4. Net Profit Margin:

31-03-2023: -38.64%

31-03-2022: 52.80%

The net profit margin measures the percentage of revenue that translates into profit after all expenses have been deducted.

31-03-2023: A negative net profit margin of -38.64% indicates a net loss for the year, where expenses and other costs exceeded revenue.

31-03-2022: A high net profit margin of 52.80% indicates strong profitability in 2022.

5. Return on Net Worth (RoNW):

31-03-2023: -0.03

31-03-2022: 0.18

RoNW indicates how effectively the company utilizes its equity to generate profit.

31-03-2023: A negative RoNW of -0.03 suggests a minimal return or even a loss on equity investments.

31-03-2022: A positive RoNW of 0.18 indicates a reasonable return on equity in 2022.

6. Debt/Equity Ratio:

31-03-2023: NA

31-03-2022: 0.38:1

The debt/equity ratio shows the proportion of debt used to finance the company 's assets relative to shareholders ' equity.

31-03-2023: Not available (NA), possibly due to missing data or a specific financial structure.

31-03-2022: A debt/equity ratio of 0.38:1 indicates a conservative financial structure with a higher reliance on equity compared to debt.

Dividend history

Due to loss, the Board of Directors of Company has not recommended any dividend during the year under review.