JRD Finance Ltd Annual Reports, Balance Sheet and Financials

J R D Finance Limited Balance Sheet (Rs in Lakhs)

J R D Finance Limited Profit & Loss Statement (Rs in Lakhs)

J R D Finance 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: In 2023, the company reported a profit before tax of ₹7.77, while in 2022, it reported a profit of ₹18.03.

Adjustment for Non-Cash and Other Items: The adjustments include adding finance costs, loans and advances written off, contingent provision against standard assets, and deducting provision against standard assets written back, dividend income, and net gain on fair value changes. These adjustments totaled to ₹127.59 in 2023 and ₹102.20 in 2022.

Operating Profit before Working Capital Changes: After accounting for these adjustments, the operating profit before working capital changes was ₹127.59 in 2023 and ₹102.20 in 2022.

Changes in Working Capital: The company experienced a decrease in loans and advances and other assets by -₹872.07 in 2023 and -₹378.42 in 2022. There was also a decrease in trade and other payables by -₹63.85 in 2023 and an increase of ₹66.09 in 2022.

Cash Generated from Operations: After considering these changes in working capital, the cash generated from operations amounted to -₹802.10 in 2023 and -₹193.14 in 2022.

Direct Taxes Paid (Net): The company paid net direct taxes amounting to ₹7.31 in 2023 and ₹15.80 in 2022.

Net Cash Flow from Operating Activities: Consequently, the net cash flow from operating activities was -₹809.42 in 2023 and -₹208.94 in 2022.

Cash Flow from Investing Activities:

(Purchase)/ Sale of Investments (Net): The company engaged in the purchase and sale of investments resulting in a net cash inflow of ₹33.57 in 2023 and no activity in 2022.

Dividend Received: Additionally, the company received a dividend amounting to ₹0.13 in 2023 and no dividend in 2022.

Net Cash Flow from Investing Activities: The net cash flow from investing activities was ₹33.70 in 2023 and zero in 2022.

Cash Flow from Financing Activities:

Proceeds/(Repayments) from Short Term Borrowings (Net): The company received net proceeds from short-term borrowings of ₹865.79 in 2023 and made repayments of -₹513.62 in 2022.

Proceeds from Issue of Preference Share Capital: In 2022, the company issued preference share capital amounting to ₹800.00.

Interest and Other Borrowing Costs Paid: The company paid interest and other borrowing costs totaling -₹113.11 in 2023 and -₹92.09 in 2022.

Net Cash Flow from Financing Activities: Consequently, the net cash flow from financing activities was ₹752.68 in 2023 and ₹194.29 in 2022.

Cash and Cash Equivalents:

The cash and cash equivalents at the beginning of the year were ₹29.01 in 2023 and ₹43.66 in 2022. By the end of the year, the cash and cash equivalents decreased to ₹5.98 in 2023 and increased to ₹29.01 in 2022, reflecting changes in the company 's liquidity position.

Financial Ratios of J R D Finance Limited

Here is a summary of the financial and operational metrics for J R D Finance Limited for the year 2023 & 2022:

Capital to Risk-Weighted Assets Ratio (CRAR): Both for 2022 and 2023, the CRAR is reported as 0.00%. Typically, the CRAR is a regulatory measure of a bank 's financial strength and stability. A CRAR of 0.00% would be highly unusual and might suggest either a data reporting error or serious financial issues within the company. Further clarification or investigation would be needed to understand why the CRAR is reported as zero.

Liquidity Coverage Ratio: The liquidity coverage ratio decreased from 34.56 in 2022 to 29.75 in 2023. The liquidity coverage ratio measures a bank 's ability to meet its short-term obligations with highly liquid assets. A decrease in this ratio could indicate a reduction in the bank 's ability to cover its short-term obligations, which might raise concerns about liquidity risk management.