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