NMS Resources Global Limited Annual Report and Financials

NMS RESOURCES GLOBAL LIMITED Consolidated Balance Sheet (In Lakhs)

Particulars	2023	2022
ASSETS
Non-current Assets
Property, Plant and Equipment	25.34	1.13
Capital work-in-progress	60.95	60.95
Other Intangible Assets	30.60	28.93
Financial assets
(i) Investments	59.01	59.01
(iii) Loans	292.98	289.40
Deferred Tax Assets (net)	11.32	-
Other Non -Current Assets	74.22	-
Total Non-Current Assets	554.43	439.41
Current assets
Inventories	38.49	20.13
(i) Investments
(ii) Trade receivables	314.26	371.47
(iii) Cash and cash equivalents	25.99	32.40
(iv) Bank balances other than (iii) above	0.05	0.05
(v) Loans	609.96	163.61
(iv) Others	66.27	(37.94)
Current Tax Assets (Net)		5.88
Other current assets	285.82	162.74
Total Current Assets	1,340.84	718.32
Total Assets	1,895.27	1,157.73
EQUITY AND LIABILITIES
Equity
Equity Share capital	300.56	300.56
Other equity	(177.35)	(177.80)
Net Share Capital	123.35	122.76
Liabilities
Non-current liabilities
Financial liabilities
(i) Borrowing	768.02	305.21
(iii) Other Financial Liabilities	4.60
Deferred Tax Liabilities (Net)		0.10
Total Non-Current Liabilities	772.62	305.31
Current liabilities
Financial liabilities
(i) Borrowings		46.74
(ii) Trade payables	505.60	142.29
iii) Other Financial Liabilities	95.81	357.32
Other current liabilities	363.52	169.84
Provisions	34.50	12.62
Current tax liabilities(net)	1.10	0.83
Total Current Liabilities	1,000.54	729.64
Total Equity and Liabilities	1,896.37	1,157.71

NMS RESOURCES GLOBAL LIMITED Consolidated Profit & Loss Statement (In Lakhs)

Particulars	2023	2022
I Revenue from operations	655.70	273.96
II Other Income	3.43	3.00
III Total Income (I+II)	659.13	276.95
IV Expenses
Operating Expenses	204.80	15.50
Purchse of Stock in Trade	357.71	2.00
Changes in inventories of finished goods, stock-in-trade and work- in-progress	(18.37)	173.90
Employee benefits expenses	36.65	28.24
Finance costs	4.30	0.21
Depreciation and amortisation expenses	11.79	0.10
Other Expenses	33.10	30.22
Total expenses (IV)	629.98	273.23
V Profit/ (loss) before exceptional items and tax (I- IV)	29.15	3.73
VII Profit/ (loss) before before exceptions items and tax(V-VI)	29.15	3.73
VIII Tax expense:
(1)Current tax	1.10	1.36
(2)Deferred tax	0.31	0.04
Total Tax expense (VIII)	1.41	1.39
IX Profit (Loss) for the period from continulng operations (VlI-VlII)	27.74	2.33
XII Profit/(loss) from Discontinued operations (after tax) (X-XI)	27.74	2.33
XV Total Comprehensive Income for the period (XIII+XIV)	27.74	2.33
XVII Earning per equity share (for discontinued & continuing operation)
(1)Basic (in INR)	0.92	0.08
(2)Diluted (in INR)	0.53	0.0

NMS RESOURCES GLOBAL LIMITED Consolidated Cash Flow Statement (In Lakhs)

Particulars	2023	2022
OPERATING ACTIVITIES
Net Profit before tax	23.69	1.43
Adjustments for:
Provisions	1.00
Finance costs	0.45	0.11
Depreciation & amortisation expenses	0.80	0.04
Operating Profit before Working Capital Changes	25.94	1.58
Adjustment for Working Capital Changes :
(Increase)/decrease in trade receivable	(36.38)	(85.63)
(Increase)/decrease in inventory	(9.89)
(Increase)/decrease in loans, advances and other current assets	23.09	(25.51)
Increase/(decrease) in liabilities and provisions	(193.54)	(373.75)
Cash generated from operations	(216.72)	(484.89)
Income tax refund / (paid)	0.76
Net cash flow inflow from operating activities	(191.54)	(483.31)
INVESTING ACTIVITIES
Investment in Equity	(79.80)	700.21
Capital work in progress		(0.13)
Purchase of Fixed Assets	(10.79)
(Increase)/decrease in Project in Progress	(70.11)
(Increase)/decrease in other loans and advances	(113.97)	(212.09)
Net cash flow from investing activities	(274.67)	487.99
FINANCING ACTIVITIES
Increase/(decrease) in borrowings	474.08
Interest paid	(0.45)	(0.11)
Net cash flow from financing activities	473.62	(0.11)
Net increase/(decrease) in cash and cash equivalents	7.41	4.57
Cash and cash equivalents at beginning of the year	5.55	0.99
Cash and cash equivalents at year end	12.96	5.55

In the fiscal year 2023, the company experienced significant growth compared to the previous year, as evidenced by the substantial increase in revenue from operations.

1. Revenue and Other Income:

   - Revenue from operations saw a remarkable surge from INR 273.96 lakhs in 2022 to INR 655.70 lakhs in 2023.

   - Other income also increased slightly from INR 3.00 lakhs to INR 3.43 lakhs.

2. Total Income:

   - The total income (sum of revenue from operations and other income) skyrocketed from INR 276.95 lakhs in 2022 to INR 659.13 lakhs in 2023.

3. Expenses:

   - Operating expenses rose significantly from INR 15.50 lakhs to INR 204.80 lakhs.

   - Purchase of stock in trade also increased substantially from INR 2.00 lakhs to INR 357.71 lakhs.

   - Changes in inventories of finished goods, stock-in-trade, and work-in-progress went from a positive value of INR 173.90 lakhs to a negative value of INR 18.37 lakhs.

   - Employee benefits expenses increased from INR 28.24 lakhs to INR 36.65 lakhs.

   - Finance costs rose from INR 0.21 lakhs to INR 4.30 lakhs.

   - Depreciation and amortization expenses increased from INR 0.10 lakhs to INR 11.79 lakhs.

   - Other expenses increased from INR 30.22 lakhs to INR 33.10 lakhs.

   - Total expenses rose from INR 273.23 lakhs in 2022 to INR 629.98 lakhs in 2023.

4. Profit Before Tax:

   - Profit before exceptional items and tax increased substantially from INR 3.73 lakhs in 2022 to INR 29.15 lakhs in 2023.

5. Tax Expenses:

   - Total tax expenses increased slightly from INR 1.39 lakhs to INR 1.41 lakhs.

6. Profit After Tax:

   - Profit from continuing operations surged from INR 2.33 lakhs in 2022 to INR 27.74 lakhs in 2023.

7. Earnings Per Equity Share:

   - Basic earnings per equity share increased from INR 0.08 to INR 0.92.

   - Diluted earnings per equity share increased from INR 0.08 to INR 0.53.

8. Total Comprehensive Income:

   - The total comprehensive income for the period rose significantly from INR 2.33 lakhs in 2022 to INR 27.74 lakhs in 2023.