Moser Baer Ltd Annual Reports, Balance Sheet and Financials

PARTICULARS

2017

2016

EQUITY AND LIABILITIES

Shareholder 's funds

Share capital

2,21,76,59,830

2,21,76,59,830

Preference shares issued by subsidiary companies

8,35,43,38,571

8,35,43,38,571

Reserves and surplus

-59,20,61,89,917

-47,92,89,73,004

-48,63,41,91,516

-37,35,69,74,603

Non-current liabilities

Long-term borrowings

26,61,00,000

12,67,69,07,582

Other long-term liabilities

40,20,17,679

49,95,70,718

Long-term provisions

60,97,87,106

55,23,41,293

1,27,79,04,785

13,72,88,19,593

Current liabilities

Short-term borrowings

10,90,53,44,822

10,62,30,46,951

Trade payables

Total outstanding dues of micro enterprises and small enterprises

2,54,62,351

2,10,44,483

Total outstanding dues of creditors other than micro enterprises and small enterprises

2,90,62,20,924

2,44,86,46,247

Other current liabilities

46,62,38,39,162

30,71,37,32,531

Short-term provisions

4,08,09,37,067

3,33,10,36,398

64,54,18,04,326

47,13,75,06,610

 Total

17,18,55,17,595

23,50,93,51,600

ASSETS

Non-current assets

Fixed assets

Tangible assets

9,59,28,75,770

14,19,50,06,072

Intangible assets

68,81,80,053

69,93,04,014

Capital work-in-progress

5,79,29,990

5,73,11,890

Intangible assets under development

30,65,000

-

Non-current investments

74,46,607

74,46,607

Long-term loans and advances

2,12,26,35,361

51,89,83,465

Other non-current assets

13,04,41,771

12,67,81,721

  Total

12,60,25,74,552

15,60,48,33,769

Current assets

Inventories

1,48,17,92,861

2,44,46,35,908

Trade receivables

2,42,44,80,393

2,40,60,36,416

Cash and bank balances

28,59,63,441

30,64,07,886

Short-term loans and advances

34,50,11,787

2,19,09,10,332

Other current assets

4,56,94,561

55,65,27,289

  Total

4,58,29,43,043

7,90,45,17,831

  Total

17,18,55,17,595

23,50,93,51,600

PARTICULARS

2017

2016

REVENUE

Revenue from operations (gross)

7,32,78,72,857

9,51,97,39,603

Less: Excise duty

-37,52,33,482

-54,15,99,469

Revenue from operations (net)

6,95,26,39,375

8,97,81,40,134

Other income

8,78,18,907

37,42,82,346

7,04,04,58,282

9,35,24,22,480

Expenses

Cost of materials consumed

3,81,14,56,615

4,18,04,69,448

Purchases of stock-in-trade

57,52,40,251

74,35,40,468

Changes in inventories of finished goods, stock-in-trade and work-in-progress

16,81,97,541

72,27,58,094

Employee benefit expenses

1,53,95,30,191

2,02,55,89,934

Finance costs

4,65,38,64,532

5,74,30,51,000

Depreciation, amortization and impairment

1,69,18,56,261

2,30,59,01,128

Other expenses

1,64,33,29,452

2,75,94,75,688

14,08,34,74,843

18,48,07,85,760

Loss before exceptional items and tax

-7,04,30,16,561

-9,12,83,63,280

Exceptional items

-3,56,97,77,477

-62,16,86,147

Loss before tax

-10,61,27,94,038

-9,75,00,49,427

Tax expense:

Current tax

14,72,450

83,960

Net loss for the year /period

-10,61,42,66,488

-9,75,01,33,387

Loss per equity share

Basic

-47.86

-44.49

Diluted

-47.86

-44.49

PARTICULARS

2017

2016

Cash flow from operating activities:

Loss before tax

-10,61,27,94,038

-9,75,00,49,427

Adjustments for:

Depreciation, amortization and impairment

4,58,75,75,219

2,30,59,01,128

Interest expense

4,65,38,64,532

5,74,30,51,000

Interest income

-7,55,80,002

-4,43,29,639

(Profit) on sale of fixed assets (net)

-48,43,240

-

Provision for doubtful debts/ advances

10,90,14,610

44,15,28,657

Old liabilities and provisions no longer required written back

-12,39,31,739

-9,19,39,400

Provision for inventory written off

39,30,08,539

31,63,71,294

Provision for warranty written back

95,30,218

35,15,568

Unrealized foreign exchange loss

-9,49,91,612

-8,34,06,316

Diminution in value of investment

-

6,28,344

Operating loss before working capital changes

-1,15,91,47,513

-1,15,87,28,791

Adjustments for changes in working capital:

(Increase)/Decrease in trade receivables

-23,38,17,727

22,85,41,246

Decrease in loans and advances and other assets

66,17,74,465

13,36,29,959

Decrease in inventories

56,98,34,508

88,35,64,050

Increase in trade payable and other liabilities

59,21,79,083

49,39,35,042

Cash generated from operations

43,08,22,816

58,09,41,506

Income tax refund/(paid)

13,78,23,130

-4,75,17,370

Net cash generated from operating activities A

56,86,45,946

53,34,24,136

Cash flow from investing activities:

(Purchase)/sale of fixed assets/ additions to capital work-in-progress

62,45,534

-16,37,49,916

Investments in Fixed Deposits

-17,73,50,555

-22,05,33,801

Proceeds from fixed deposits

22,05,33,801

33,16,52,013

Interest received

4,15,39,463

3,72,97,277

Net cash used in investing activities B

9,09,68,243

-1,53,34,427

Cash flow from financing activities:

Proceeds from issue of preference shares by subsidiary

-

5,65,00,000

Proceeds from issue of equity shares

-

75,00,000

Proceeds from long term borrowings

9,27,00,000

11,05,00,000

Repayment in long-term borrowings

-40,64,87,888

-13,02,29,719

Net movement in short-term borrowings

30,66,84,056

23,79,00,392

Interest paid

-62,89,25,739

-96,39,12,981

Dividend paid for earlier years

-8,45,817

-7,56,254

Net cash used in financing activities C

-63,68,75,388

-68,24,98,562

Net increase in cash and cash equivalents (A+B+C)

2,27,38,801

-16,44,08,853

Cash and cash equivalents at the beginning of the year /period

8,58,74,085

25,02,82,938

Cash and cash equivalents at the end of the year /period

10,86,12,886

8,58,74,085

Components of cash and cash equivalents

Cash, cheques and drafts in hand

12,09,424

27,31,556

Balance with banks

9,94,78,776

8,27,82,205

Deposits with less than 3 months maturity

79,24,686

3,60,324

  Total

10,86,12,886

8,58,74,085