Manpasand Beverages Annual Report

Manpasand Beverages Limited (Manpasand Beverages) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Manpasand Beverages Limited

BALANCE SHEET OF MANPASAND BEVERAGES LIMITED (Rs. in Lakhs) (As of 31-03-2018 to 31-03-2020)

PARTICULARS	2020	2019	2018
ASSETS
Non-Current Assets
Property, plant, and equipment	50,030.86	59,089.74	53,429.30
Right of use assets	1,772.62	1,793.98	-
Capital work-in-progress	624.89	1,637.74	18,078.97
Intangible assets	4.51	7.94	14.22
Intangible assets under development	87.18	80.58	-
Financial assets:
Investment	1.00	-	-
Other Financial assets	249.62	2,231.71	6,196.08
Income tax assets (net)	1,510.41	1,507.33	44.38
Deferred tax assets (net)	3,001.91	3,184.04	2,984.55
Other non-current assets	7.41	31.63	16,696.60
Total Non-Current Assets	57,290.41	69,564.69	97,444.10
Current Assets
Inventories	917.83	2,850.04	9,570.12
Financial assets:
Investments	-	-	4,069.95
Trade Receivable	240.41	5,736.99	13,927.09
Cash and cash equivalent	23.79	37.37	93.92
Other Balances with the bank	54.03	8,563.96	2,319.31
Loans	10.43	5.59	7.87
Other Financial assets	163.59	289.34	12,353.19
Other Current assets	3,804.97	2,160.00	2,785.63
Total Current assets	5,215.05	19,643.29	45,127.08
TOTAL ASSETS	62,505.46	89,207.98	1,42,571.18
EQUITY AND LIABILITIES
EQUITY
Equity Share Capital	11,446.24	11,446.24	11,446.24
Other Equity	34,339.22	53,343.82	1,13,206.86
Total Equity	45,785.46	64,790.06	1,24,653.10
LIABILITIES
Non-Current Liabilities
Financial Liabilities:
Borrowings	2,894.08	31.80	46.38
Provisions	17.56	35.91	29.65
Total Non-Current Liabilities	2,911.64	67.71	76.03
Current Liabilities
Financial Liabilities:
Borrowings	(0.05)	10,298.02	9,493.58
Trade Payables
Total outstanding dues of micro and small enterprise	-	-	-
Total outstanding dues of creditors other than micro And small enterprise	7,541.39	7,883.68	5,579.50
Other Financial Liabilities	779.57	677.67	419.71
Provisions	1.59	5.73	3.79
Current tax liabilities (net)	-	-	637.98
Other current liabilities	5,485.86	5,485.11	1,707.49
Total Current Liabilities	13,808.36	24,350.21	17842.05
Total Liabilities	16,720.00	24,417.92	17,918.08
TOTAL EQUITY AND LIABILITIES	62,505.46	89,207.98	1,42,571.18

PROFIT & LOSS STATEMENT OF MANPASAND BEVERAGES LIMITED(Rs. in Lakhs) (As of 31-03-2018 to 31-03-2020)

Particular	2020	2019	2018
Income
Revenue from operations	4,082.92	63,607.84	95,517.47
Other Income	248.31	1,345.17	2,978.01
Total Income	4,331.23	64,953.01	98,495.48
Expenses
Cost of Material Consumed	2,572.59	51,480.65	60,315.09
Purchase of Stock-in-Trade	-	736.12	484.03
Change in Inventories of finished goods and stock-in-trade	965.73	3,461.78	(2,380.91)
Employees benefit Expenses	1,275.46	2,804.83	2,723.96
Finance Cost	192.87	1,288.08	292.08
Depreciation and amortization Expenses	8,580.98	10,142.41	8,660.76
Excise Duty	-	-	667.87
Other Expenses	2,958.89	15,709.84	15,942.29
Total Expenses	16,546.52	85,623.71	86,705.17
Profit Before Tax	(12,215.29)	(20,670.70)	11,790.31
Exceptional Items	6,668.31	38,687.64	-
Tax Expenses
Current Tax	0.01	-	2,551.21
Minimum alternate tax credit entitlement	-	-	(826.00)
Deferred tax	-	(206.93)	65.41
Current Tax pertaining to the prior year	159.95	35.51	-
Total Tax Expenses	159.96	(171.42)	1,790.62
Profit for the Year	(19,043.56)	(53,186.92)	9,999.69
Other Comprehensive Income
Items that will not be reclassified to statement of profit and loss
Remeasurement of the defined benefits plans	61.14	21.32	30.70
Income tax related to items that will not be reclassified to statement of profit and loss
Remeasurement of the defined benefits plans	(22.18)	(7.45)	(10.63)
Total Other Comprehensive Income for the period net of tax	38.6	13.87	20.07
Total Comprehensive Income for the year	(19,004.60)	(53,173.05)	10,019.76
Earnings per equity share:
Earnings per equity share (Basic)	(16.64)	(51.71)	8.74
Earnings per equity share (Diluted)	(16.64)	(51.71)	8.74

Manpasand Beverages Cash Flow Statement for the last three years (In Rs. Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	0.37	0.94	4.15
Net Cash from Operating Activities	-47.95	-297.07	37.02
Net Profit before Tax & Extraordinary Items	-122.15	-206.71	117.9
Depreciation	85.81	101.42	86.61
Interest (Net)	1.6	1.57	-11.79
P/L on Sales of Assets	0	0	-0.01
P/L on Sales of Invest	0	0	-9.61
Others	0	-1.07	-1.18
Total Adjustments (PBT & Extraordinary Items)	87.41	101.93	64.03
Op. Profit before Working Capital Changes	-34.74	-104.78	181.93
Trade & 0th receivables	37.4	86.43	-86.55
Inventories	19.32	67.2	-34.11
Trade Payables	-3.25	54.46	-5.89
Total (OP before Working Capital Changes)	53.47	208.08	-126.55
Cash Generated from/(used in) Operations	18.73	103.3	55.38
Interest Paid(Net)	0	0	0
Direct Taxes Paid	0	-13.5	-18.36
Advance Tax Paid	0	0	0
Others	-66.68	-386.88	0
Total-others	-66.68	-400.38	-18.36
Cash Flow before Extraordinary Items	-47.95	-297.07	37.02
Net Cash Used in Investing Activities	124.08	308.38	-125.22
Purchased of Fixed Assets	-0.07	-0.81	-327.19
Sale of Fixed Assets	16.39	157.92	0.17
Purchase of Investments	-0.01	0	0
Sale of Investments	0	41.77	175.81
Investment Income	0	0	0
Interest Received	1.58	12	15.17
Others	106.19	97.49	10.82
Net Cash Used in Financing Activities	-76.26	-11.87	84.99
Proceeds from Issue of shares (incl share premium)	0	0	0.06
Proceed from Issue of Debentures	0	0	0
Proceed from 0ther Long Term Borrowings	28.62	0	0.21
Proceed from Bank Borrowings	0	0	0
Proceed from Short Tem Borrowings	0	8.06	94.97
Of the Long Tem Borrowings	0	-0.15	0
Of the short term Borrowings	-102.95	0	0
Of financial Liabilities	0	0	0
Dividend Paid	0	-5.72	-5.72
Shelter Assistance Reserve	0	0	0
Interest Paid	-1.93	-12.88	-2.92
Others	0	-1.18	-1.62
Net Inc/(Dec) in Cash and Cash Equivalent	-0.14	-0.57	-3.21
Cash and Cash Equivalents at End of the year	0.24	0.37	0.94

Summary of Manpasand Beverages Cash Flow Statement for the last three years (In Rs. Crore )

1. Operating Activities:

- Net cash from operating activities: The company experienced negative cash flows from operating activities in all three years, with the highest negative cash flow in 2021.

- Net profit before tax & extraordinary items: The company incurred losses before tax and extraordinary items in all three years, with the highest loss in 2022.

- Depreciation: Depreciation expenses were significant in all three years, with a slight decrease in 2022 compared to 2021.

- Interest (Net): The company paid net interest expenses in 2022 and 2021 but received a small amount of interest in 2020.

- P/L on Sales of Assets and Investments: The company did not record any profit or loss on the sales of assets or investments in 2022 and 2021, but incurred losses on the sales of investments in 2020.

- Others: Miscellaneous items impacted the net profit before tax and extraordinary items in each year.

2. Investing Activities:

- Net cash used in investing activities: The company used cash for investing activities in 2022 and 2021 but generated cash from investing activities in 2020.

- Purchase of Fixed Assets: The company made small purchases of fixed assets in all three years, with a significant decrease in 2022 compared to 2021.

- Sale of Fixed Assets: The company generated cash from the sale of fixed assets in all three years, with the highest amount in 2021.

- Purchase and Sale of Investments: The company made a minor purchase of investments in 2022 and sold investments in 2021 and 2020.

- Investment Income and Interest Received: The company received some investment income and interest in 2022 and 2020.

3. Financing Activities:

- Net cash used in financing activities: The company used cash for financing activities in 2022 and 2020 but generated cash from financing activities in 2021.

- Proceeds from Other Long-Term Borrowings and Short-Term Borrowings: The company received proceeds from other long-term borrowings and short-term borrowings in different years.

- Repayment of Short-Term Borrowings and Interest Paid: The company made repayments of short-term borrowings and paid interest expenses in all three years.

- Dividend Paid: The company paid dividends in 2021 but did not pay any dividends in 2022 and 2020.

- Others: Miscellaneous financing activities had an impact on cash flows in each year.

4. Net Inc/(Dec) in Cash and Cash Equivalent: The company experienced a small decrease in cash and cash equivalents in 2022 and 2021, and a significant decrease in 2020.

5. Cash and Cash Equivalents at End of the year: The company ended each year with a relatively small amount of cash and cash equivalents, with slight fluctuations.

Funds Flow Statement of Manpasand Beverages Limited (Rs. In Crores)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	0	0	184.92	193.25	57.67
Increase in equity	0	0	57.24	7.17	12.5
Increase in other networth	0.39	0	0	472.13	357.68
Increase in loan funds	0	7.97	95.32	0.51	0
Decrease in gross block	15.09	0	0	0	0
Decrease in investments	0	40.7	164.72	0	0
Decrease in working capital	163.67	460.84	0	0	0
Others	0	0	0	0	0
Total Inflow	179.15	509.51	502.2	673.06	427.85
Application of funds
Cash loss	104.63	490.45	0	0	0
Decrease in networth	0	1.04	58.51	0	0
Decrease in loan funds	74.51	0	0	0	116.98
Increase in gross block	0	12.3	333.45	187.31	190.86
Increase in investments	0.01	0	0	204.77	0.62
Increase in working capital	0	0	104.52	280.97	109.38
Dividend	0	5.72	5.72	0	10.01
Others	0	0	0	0	0
Total Outflow	179.15	509.51	502.2	673.05	427.85

DIVIDEND AND RETAINED EARNINGS (As of 31-03-2018 to 31-03-2020)

Particulars	2020	2019	2018
Dividend	Nil	Nil	Nil
Retained Earnings (Rs. in Lakhs)	(51,087.45)	(32,082.85)	27,780.18

PERFORMANCE OF THE COMPANY

Revenue from operations decreased from Rs. 63,607.84 Lakh in FY 2019 to Rs. 4,082.92 Lakh in FY 2020, showing a decline of 93.58% as compared to the previous financial year.
Finance Cost has decreased from Rs. 1,288.08 Lakh in FY 2019 to Rs. 192.87 Lakh in FY 2020 showing a decline of 85.02% as compared to the previous financial year.
In FY 2020, Company’s Net loss stood at Rs. (19,043.56) Lakh, 64.19% lower than the net loss of Rs. (53,186.92) Lakh in FY 2019 as compared to the previous financial year.
The Current Ratio of the company as of 31st March 2020 was 0.37.
The debt-to-equity ratio of the company as of 31st March 2020 was 0.36.
In the Financial Year 2019-20, the company has not paid dividends.