Ritz Mercantile Latest Annual Report | Balance Sheet and Financials

Ritz Mercantile Limited (Ritz Mercantile) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Ritz Mercantile Limited

Ritz Mercantile Limited Balance Sheet (In Rs Thousands)

Particulars	2023	2022
I. ASSETS
Non-current assets
a)Property, Plant and Equipment	25,376.83	25,376.83
b) Financial Assets
i) Investments	9,183.25	9,183.25
ii) Loan	1,630.00	2,030.00
ii) Other Financial Assets	57.05	53.15
h) Deferred Tax Assets	461.13	268.89
Total Non-current assets	36,708.26	36,912.13
Current assets
a) Financial Assets	-	-
i) Trade receivables	1,341.02	592.8
ii) Cash and cash equivalents	30.04	92.14
b) Other current assets	2,360.11	2,360.11
c) Current Tax Assets	19.64	28.54
Total Current Assets	3,750.82	3,073.59
Total Assets	40,459.07	39,985.72
II. EQUITY AND LIABILITIES
Equity
a) Equity Share Capital	10,500.00	10,500.00
b) Other Equity	10,003.51	9,668.93
Total Equity	20,503.51	20,168.93
Liabilities
Non-current liabilities
a) Financial Liabilities	-	-
i) Borrowings	19,615.00	19,615.00
Total non-current liabilities	19,615.00	19,615.00
Current liabilities
a) Other current liabilities	340.57	201.8
b) Current tax Liabilities (Net)	-	-
Total Current Liabilities	340.57	201.8
Total Liabilities	19,955.57	19,816.80
Total Equity and Liabilities	40,459.08	39,985.73

Ritz Mercantile Limited Profit & Loss Statement (In Rs Thousands)

Particulars	2023	2022
INCOME
Revenue from operations	-	-
Other income	936.68	651.06
Total Income (A)	936.68	651.06
Expenses
Cost of material consumed	-	-
Changes in inventories of finished goods/traded goods and work-in- progress	-	-
Employee benefits expense	343.07	362.56
Finance Cost	-	-
Depreciation and amortisation expense	-	-
Other expenses	396.3	253.61
Total Expenses (B)	739.37	616.17
Profit Before Exceptional Items And Tax	197.31	34.9
Exceptional Items	-	-
Profit before tax	197.31	34.9
Tax expense:
Current Tax	51.3	5.44
Previous Year Tax	3.66	-
Deferred Tax	-192.24	9.07
Profit After Tax	334.58	20.38
Other Comprehensive Income/(Loss)
a) Items that will not be reclassified to profit and loss
b) Income tax relating to items that will not be reclassified to profit and loss	-	-
Total comprehensive income for the year	334.58	20.38
Earnings per equity share
(1) Basic	0.32	0.02
(2) Diluted	0.32	0.02

Ritz Mercantile Limited Consolidated Cash Flow Statement (In Rs Thousands)

Particulars	2023	2022
Cash flow from/(used in) operating activities
Profit before tax	197.31	34.9
Adjustment for:
Dividend income	-44.55	-23.4
Interest income on deposits	-3.89	-3.66
Profit on sale of share	-	-
Profit on Property	-	-
Excess income tax provision w/off	-3.66	-
Depreciation and amortization	-	-
Operating profit before working capital changes	145.21	7.84
Movement in working capital:
Net Increase/(decrease) in Liabilities	-	-
Increase/(decrease) in trade payable and other financial liabilities	-	-
Increase/(decrease) in other financial liabilities	138.77	-94.41
Increase / (Decrease) in Other Current Liabilities	-	-
(Increase)/decrease in trade and other receivables	-748.22	-592.8
(Increase)/decrease in inventories	-	-
(Increase)/decrease in Loans	-	-
(Increase)/decrease in Other Current Assets	-	0.45
Net (Increase)/decrease in Assets	8.9	-28.54
Cash generated/(used) in operations	-455.35	-707.47
Income tax paid	-51.3	-5.44
Cash generated/(used) in operations	-506.65	-712.92
Cash flow from/(used) investing activities
Dividend Income	44.55	23.4
Interest income on deposits	3.89	3.66
Profit on sale of investment	-	-
(Increase)/decrease Other Financial Assets	-3.89	-3.66
(Increase)/decrease in Loan	400	100
(increase)/decrease in property	-	-
(Increase)/decrease in Investment		-
Cash generated/(used) in investing activities	444.55	123.4
Cash flow from/(used) Financing activities
Long term Borrowings paid	-	200
Cash generated/(used) in financing activities	-	200
Net increase/(decrease) in cash and cash equivalents	-62.1	-389.52
Total Cash and cash equivalent at beginning of year	92.14	481.66
Total Cash and cash equivalent at end of year	30.04	92.14
Net increase/(decrease) as disclosed above	-62.1	-389.52

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

1. Profitability Increase (2023 vs. 2022): The company experienced a substantial improvement in profitability, with the profit before tax increasing significantly from 34.9 in 2022 to 197.31 in 2023.

2. Adjustments to Operating Profit: Various adjustments were made to derive the operating profit before working capital changes, including dividend income, interest income on deposits, and the write-off of excess income tax provision.

3. Working Capital Changes:

Increase in Other Financial Liabilities: There was a noteworthy increase in other financial liabilities, amounting to 138.77 in 2023, compared to a decrease of 94.41 in 2022.

Decrease in Trade and Other Receivables: The company significantly improved its efficiency in managing receivables, leading to a substantial decrease of -748.22 in 2023, compared to -592.8 in 2022.

Net Increase/Decrease in Assets: The net change in assets amounted to 8.9 in 2023, in contrast to a decrease of -28.54 in 2022.

4. Cash Flow from Operating Activities:

Improvement in Cash Generation: The cash generated or used in operations improved significantly, decreasing from -707.47 in 2022 to -455.35 in 2023.

Income Tax Payment: Income tax paid increased from -5.44 in 2022 to -51.3 in 2023, contributing to the overall change in cash generated or used in operations, which amounted to -506.65 in 2023.

5. Cash Flow from Investing Activities:

Positive Cash Flow: There was a positive cash flow of 444.55 in 2023, driven by dividend income, interest income on deposits, and a substantial increase in loans.

Increase in Loans: The increase in loans amounted to 400, contributing significantly to the positive cash flow from investing activities.

6. Cash Flow from Financing Activities:

Net Cash Outflow: Financing activities in 2023 showed a net cash outflow of 200, reflecting long-term borrowings paid.

7. Net Change in Cash and Cash Equivalents:

Improvement in Net Cash Position: The company experienced a decrease in net cash outflow, with a net increase/(decrease) of -62.1 in 2023 compared to -389.52 in 2022.

Total Cash and Cash Equivalents: The total cash and cash equivalents at the end of the year were 30.04 in 2023, compared to 92.14 at the beginning of the year.

Financial Ratios (NA)

Dividend History (NA)

Ritz Mercantile Annual Report

Ritz Mercantile Limited Annual Report 2022-2023

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Ritz Mercantile Limited Annual Report 2020-2021

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Ritz Mercantile Latest Annual Report, Balance Sheet and Financials

Ritz Mercantile Limited (Ritz Mercantile) Return Comparision with Primex 40 Index

Ritz Mercantile Limited Balance Sheet (In Rs Thousands)

Ritz Mercantile Limited Profit & Loss Statement (In Rs Thousands)

Ritz Mercantile Limited Consolidated Cash Flow Statement (In Rs Thousands)

Financial Ratios (NA)

Dividend History (NA)

Ritz Mercantile Annual Report

Ritz Mercantile Limited Annual Report 2022-2023

Ritz Mercantile Limited Annual Report 2020-2021

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