Midland Services Latest Annual Report | Balance Sheet and Financials

Midland Services Limited (Midland Services) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Midland Services Limited

Midland services Limited Balance Sheet (In Rs)

Particulars	2018	2017
ASSETS
a) Property, Plant and Equipment	66,57,685	48,43,550
b) Capital Work in Progress
c) Investment Property
d) Intangible Assets
e) Financial Assets
Non Current Investments
Other Non Current Financial Assets
f) Non Current Tax Assets (Net)	9,17,215	93,293
g) Other Non Current Tax Assets	20,000	20,000
Total Non Current Assets	75,94,900	49,56,843
Current assets
a) Inventories	24,63,591	46,41,635
b) Financial Assets
Trade Receivables	33,00,000	9,42,333
Cash & Cash equivalents	94,95,109	1,48,35,679
Other Bank Balances
c) Other Current Assets	5,51,930	6,20,066
Total Current Assets	1,58,10,630	2,10,39,712
GRAND TOTAL	2,34,05,530	2,59,96,555
EQUITY AND LIABILITIES
1. Shareholder’s Fund
a) Share Capital	3,19,97,250	3,19,97,250
b) Other Equity	-94,35,965	-75,89,671
Total Equity & Liabilities	2,25,61,285	2,44,07,579
LIABILITIES
Non Current Liabilities
Deferred Tax Liabilities	--	--
Other Non Current Liabilities	--	--
Total Non Current Liabilities	--	--
Liabilities
Current Liabilities		-
a) Financial Liabilities
Trade Payables		-
Other Current Financial Liabilities	8,44,265	15,88,976
b) Other Current Liabilities		-
c) Provisions
d) Current Tax Liabilities (Net)
Total Current Liabilities	8,44,265	15,88,976
Total Current Liabilities
GRAND TOTAL	2,34,05,330	2,59,96,555

Midland services Limited Profit & Loss Statement (In Rs)

Particulars	2018	2017
Revenue from Operations	71450706	47488341
Other Income	644545	843439
Total Revenue	72095252	48331780
Expenses:
Cost of Material Consumed		-
Purchases of Stock-in-Trade	68729549	42773911
Changes in inventories of finished goods work-in-progress and Stock-in-Trade	2178044	2406764
Employee benefits expense	798750	487750
Finance costs	28974	15946
Depreciation and amortization expenses	264246	107181
Other expenses	2765905	2866287
Total expenses	74765468	48657839
Profit before exceptional and extraordinary items and tax	-2670216	-326059
Exceptional Items
Profit before extraordinary items and tax	-2670216	-326059
Profit before tax	-2670216	-326059
Tax expense:
(1) Current tax		--
(2) Deferred tax	-832922	-91791
Profit (Loss) for the period from continuing operations	-1846294	-234268
Profit (Loss) for the period	-1846294	-234268
Profit (Loss) for the period	-1846294	-234268
Earnings per equity share:
(i) Basic	-0.58	-0.09
(i) Basic	-0.58	-0.09
(ii) Diluted	-0.58	-0.09

Midland services Limited Consolidated Cash Flow Statement (In Rs)

Particulars	2018	2017
Cash Flow from Operating Activities
Net Profit before tax and extraordinary items	-26,70,216	-3,26,059
Dividend received	-	-16,612
Interest received	-6,32,097	-8,26,827
Depreciation & Amortizations Expenses	2,64,246	1,07,181
Operating Profit before Working Capital	-30,38,068	-10,62,317
Adjustments for :
(Increase)/ Decrease in Inventories	21,78,044	24,06,764
(Increase) / Decrease in Short Term Loans and advances	68,135	5,34,274
(Increase) / Decrease in Other Current Assets
Increase / (Decrease) in Trade Payables	-	-1,332
(Increase) / Decrease in Trade Receivables	-23,57,667	-9,42,332
Increase / (Decrease) in Other Current Liabilities	-7,44,630	14,46,149
Cash Generated from Operations	-38,94,286	23,81,206
Net cash generated / (utilized) from Operating Activities	-38,94,286	23,81,206
Cash Flow from Investing Activities
Increase in Fixed Assets	-20,78,381	-43,03,847.00
(Increase) / Decrease in Long Term Advances	-	14,000
Dividend Received	-	16,612
Interest Earned	6,32,097	8,26,827
Net cash Generated/(utilized) from Investing Activities	-34,46,408.00	-34,46,408
Cash Flow from Financing Activities
Proceeds from issue of Share Capital	-	-
Net cash generated from financing activities	-	-
Net Increase in Cash and Cash Equivalents	-53,40,570	-10,65,202
Cash and Cash Equivalents at the Beginning of the Year	1,48,35,679	1,59,00,881
Cash and Cash Equivalents at the End of the Year	94,95,109	1,48,35,679

Here is a summary of the Cash Flow Statement for the years 2018 and 2017:

1. Cash Flow from Operating Activities:

- In 2018, the company utilized ₹38,94,286 in operating activities, indicating that the company 's operating expenses and cash outflows exceeded its cash inflows from operating activities.

- Conversely, in 2017, the company generated ₹23,81,206 from its operating activities, implying that the cash inflows from operations surpassed the cash outflows.

2. Cash Flow from Investing Activities:

- For both 2018 and 2017, the company utilized cash in its investing activities. In 2018, the amount was ₹34,46,408, and the same amount was utilized in 2017. This suggests that the company invested in fixed assets and incurred other investing expenditures, which exceeded any cash generated from investments like interest earned and dividends received.

3. Cash Flow from Financing Activities:

- No cash flow from financing activities is reported for either 2018 or 2017. This could mean that there were no significant financing transactions during these years, such as the issuance of shares, debt, or repayment of debt.

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

- In 2018, there was a substantial decrease in cash and cash equivalents amounting to -₹53,40,570, indicating that the company experienced a significant outflow of cash during the year.

- Similarly, in 2017, there was also a decrease in cash and cash equivalents, but it was comparatively smaller at -₹10,65,202.

5. Cash and Cash Equivalents:

- At the end of 2018, the company had ₹94,95,109 in cash and cash equivalents, which was lower than the previous year 's balance.

- Conversely, at the end of 2017, the company had a higher balance of ₹1,48,35,679 in cash and cash equivalents.

Midland Services Latest Annual Report, Balance Sheet and Financials

Midland Services Limited (Midland Services) Return Comparision with Primex 40 Index

Midland services Limited Balance Sheet (In Rs)

Midland services Limited Profit & Loss Statement (In Rs)

Midland services Limited Consolidated Cash Flow Statement (In Rs)

Financial Ratios (NA)

Dividend History (NA)

Midland Services Annual Report

Midland Services Limited Annual Report -2018

Most Searched Unlisted & Pre IPO Companies Stocks in India

HDB Financial

NSE India

BIRA

Capgemini

Hero Fincorp

Nayara Energy

OTIS Elevator

Sterlite Power

Care Health

PharmEasy

Philips India

Hexaware

Vikram Solar

Reliance GIC

OYO Rooms

BOAT

Tata Capital

SBI AMC

Swiggy Limited

Waree Energies

Rapido

Incred Holdings

News Alert