Kabirdas Investment Limited Annual Report and Financials

Kabirdas Investment Limited Balance Sheet (Rs In Thousands)

Particulars	2023	2022
ASSETS
(1) Financial Assets
(a) Cash and cash equivalents	808.7	332
(b) Loans	5870.5	11701.03
(c) Investments	137822.66	132472.78
(2) Non-Financial Assets
(a) Current Tax Assets (net)	63.41	402.36
(b) Other non−financial assets	57.45	85.32
TOTAL ASSETS	144622.72	144993.4
LIABILITIES AND EQUITY
LIABILITIES
(1) Financial Liabilities
(a) Other Financial Liabilities	124.06	79.66
(2) Non-Financial Liabilities
(b) Other non−financial liabilities	98.02	3.67
(3) Equity
(a) Equity Share Capital	3957.17	3957.17
(b) Other Equity	140443.47	140952.98
TOTAL LIABILITIES & EQUITY	144622.72	144993.48

 Kabirdas Investment Limited Profit & Loss Statement (Rs In Thousand)

Particulars	2023	2022
Revenue from operations
(i) Interest Income	672.11	1648.63
(ii) Dividend Income	1379.81	1233.22
(iii) Net gain on fair value changes	174.73	1530.6
Total Revenue from operations	2226.65	4412.45
Other income	0.89	16.85
Total Income	2227.54	4429.29
Expenses
(i) Employee benefits expenses	4985.15	1958.6
(ii) Other expenses	1137.12	1261.02
Total Expenses	6122.27	3219.62
Profit/(loss) before exceptional items and tax	-3894.72	1209.68
Profit/ (loss) before tax	-3894.72	1209.68
Tax expense:
(1) Current tax	1720.76	2971.22
(2) Deferred tax
(3) Short provision for earlier year tax	37.25
Profit/ (loss) for the period from continuing operations	-5652.73	-1761.54
Profit/ (loss) for the period	-5652.7	-1761.5
Other Comprehensive Income:
(i) Items that will not be reclassified to profit or loss (specify items and amounts)	5143.22	31693.26
(ii) Income tax relating to items that will not be reclassified to profit or loss
Subtotal (A)	5143.22	31693.3
Total Comprehensive Income for the period	-509.5	29931.7
Earning per equity share (for continuing operations):
(1) Basic	-1.43	-0.45
(2) Diluted	-1.43	-0.45
Earning per equity share (for discontinued and continuing operation):
(1) Basic	-1.43	-0.45
(2) Diluted	-1.43	-0.45

 Kabirdas Investment Limited Consolidated Cash Flow Statement (Rs In Thousand)

Particulars	2023	2022
Cash flow from operating activities
Net Profit/(loss) before tax	-3894.72	1214.93
Dividend	-1379.81	-1233.22
Fair Value Changes	-174.73	-1530.6
Operating profit before working capital changes	-5449.26	-1548.88
Movements in working capital :
Increase/(decrease) in other non financial liabilities	94.35	-9
Increase/(decrease) in other financial liabilities	44.39	-44.35
Decrease/(increase) in loans and advances	5830.53	-500.32
Decrease/(increase) in other non financial assets	27.87	-59
Cash generated from / (used in) operations	547.87	-2161.55
Direct taxes paid/Adjusted (net of refunds)	-1419.06	-3115.51
Net Cash flow from / (used in) operating activities	-871.18	-5277.07
Cash flow from investing activities
Proceeds from sale/ (purchase) of investments (Net)	-206.66	2272.62
Dividend	1379.81	1233.22
Fair Value Changes	174.73	1530.6
Net Cash flow from / (used in) investing activities	1347.88	5036.43
Net increase/(decrease) in cash and cash equivalents	476.69	-240.63
Cash and cash equivalents at the beginning of the year	332	872.64
Cash and cash equivalents at the end of the year	808.7	332
Components of cash and cash equivalents
Cash on hand	12.93	47.03
Balances with Banks in Current Account	795.77	284.98
Total cash and cash equivalents	808.7	332

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

Net Profit/(Loss) before tax:

In 2023, the company reported a significant loss of -3894.72 Rs, a sharp contrast to the profit of 1214.93 Rs in 2022. This figure represents the company 's earnings or losses before accounting for tax expenses.

Dividend:

In 2023, the company paid dividends of -1379.81 Rs, reflecting an outflow of cash to shareholders. In 2022, the dividend payments amounted to -1233.22 Rs.

Fair Value Changes:

The company had fair value changes, which are adjustments to the value of certain assets or investments. In 2023, these changes amounted to -174.73 Rs, while in 2022, they were -1530.6 Rs.

Operating Profit before Working Capital Changes:

The operating profit before considering changes in working capital was -5449.26 Rs in 2023, a decline from -1548.88 Rs in 2022.

Movements in Working Capital:

Increase/(Decrease) in Other Non-Financial Liabilities:

In 2023, there was an increase of 94.35 Rs in other non-financial liabilities, whereas in 2022, there was a decrease of -9 Rs. This reflects changes in non-financial liabilities affecting cash flows.

Increase/(Decrease) in Other Financial Liabilities:

In 2023, there was an increase of 44.39 Rs in other financial liabilities, while in 2022, there was a decrease of -44.35 Rs, indicating shifts in financial liabilities.

Decrease/(Increase) in Loans and Advances:

In 2023, there was a significant increase of 5830.53 Rs in loans and advances, whereas in 2022, there was a decrease of -500.32 Rs. This reflects changes in loans extended or received, impacting cash flows.

Cash Generated from / (Used in) Operations:

The cash generated from or used in operating activities was 547.87 Rs in 2023, a significant improvement from -2161.55 Rs in 2022. This figure represents the net cash flow from the company 's core operating activities.

Direct Taxes Paid/Adjusted (Net of Refunds):

In both years, there were adjustments for direct taxes paid or adjusted net of refunds, with -1419.06 Rs in 2023 and -3115.51 Rs in 2022, which impact the company 's overall cash position.

Net Cash Flow from / (Used in) Operating Activities:

The net cash flow from or used in operating activities was -871.18 Rs in 2023, an improvement from -5277.07 Rs in 2022. This figure summarizes the company 's cash flow from its day-to-day operations.

Cash Flow from Investing Activities:

Proceeds from Sale/ (Purchase) of Investments (Net):

In 2023, there were proceeds from the sale or purchase of investments (net) amounting to -206.66 Rs. In 2022, this figure was significantly higher at 2272.62 Rs.

Dividend:

The company also received dividends, with 1379.81 Rs in 2023 and 1233.22 Rs in 2022.

Fair Value Changes:

Fair value changes in investments or assets amounted to 174.73 Rs in 2023 and 1530.6 Rs in 2022.

Net Cash Flow from / (Used in) Investing Activities:

The net cash flow from or used in investing activities was 1347.88 Rs in 2023, compared to 5036.43 Rs in 2022. This category encompasses the company 's cash flows related to investments in assets or securities.

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

In 2023, there was a net increase in cash and cash equivalents of 476.69 Rs, indicating a positive cash flow for the year. In contrast, 2022 saw a decrease of -240.63 Rs in cash and cash equivalents.

Cash and Cash Equivalents:

Cash & Cash Equivalents - Opening Balance:

In 2023, the opening balance of cash and cash equivalents was 332 Rs, a decline from 872.64 Rs in 2022.

Cash & Cash Equivalents - Closing Balance:

The closing balance of cash and cash equivalents in 2023 was 808.7 Rs, reflecting the ending cash position. In 2022, it was 332 Rs.

Components of Cash and Cash Equivalents:

Cash on Hand:

In 2023, the company had 12.93 Rs in cash on hand, compared to 47.03 Rs in 2022.

Balances with Banks in Current Account: The balances with banks in the current account were 795.77 Rs in 2023, an increase from 284.98 Rs in 2022.

Total Cash and Cash Equivalents: In 2023, the total cash and cash equivalents amounted to 808.7 Rs, while in 2022, they were 332 Rs.

Below are the Financial Ratios

Particulars	2023	2022
Current Ratio	9.23	200.1
Return On Equity Ratio		0.23
Net capital Turnover ratio		0.01
Net Profit Ratio	-1.32	0.06
Return on capital Employed	0.01	0.23
Return on Investment	0.0116	0.0239

Here is a summary of the financial and operational metrics for Kabirdas Investment Limited for the years 2023 and 2022:

Liquidity Ratios:

Current Ratio:

2023: 9.23

2022: 200.1

The current ratio measures the company 's ability to cover its short-term obligations with its current assets. In both years, Kabirdas Investment Limited had very high current ratios, indicating a strong ability to meet short-term liabilities.

Profitability Ratios:

Return On Equity Ratio:

2023: 0.23

2022: Not provided

The return on equity ratio reflects the company 's profitability in relation to shareholders ' equity. In 2023, the company had a return on equity of 0.23, but the 2022 value is not provided.

Net Capital Turnover Ratio:

2023: 0.01

2022: Not provided

The net capital turnover ratio measures the efficiency of capital usage in generating revenue. In 2023, the company had a low net capital turnover, but the 2022 value is not provided.

Net Profit Ratio:

2023: -1.32

2022: 0.06

The net profit ratio indicates the company 's net profit as a percentage of its total revenue. In 2023, there was a negative net profit ratio, while in 2022, it was positive but low.

Return on Capital Employed:

2023: 0.01

2022: 0.23

Return on capital employed measures the return generated from the capital invested in the business. In 2023, the company had a very low return on capital employed, and in 2022, it was higher.

Return on Investment:

2023: 0.0116

2022: 0.0239

The return on investment ratio indicates the efficiency of capital utilization. In both years, the company 's return on investment was low, with a decrease from 2022 to 2023.