S Kumars Nationwide Latest Annual Report, Balance Sheet and Financials

S Kumars Nationwide Limited Balance Sheet (In Rs)

Particulars	2013	2012
EQUITY AND LIABILITIES
SHAREHOLDERS’ FUNDS
Share Capital	34,498.99	34,973.79
Reserves & Surplus	82,630.69	1,20,769.72
Total	1,17,129.68	1,55,743.51
NON-CURRENT LIABILITIES
Long Term Borrowings	64,127.00	80,132.67
Deferred Tax Liabilities (Net)	4,231.62	3,960.20
Other Long Term Liabilities	-	41.51
Long Term Provisions	168.47	188.03
Total	68,527.09	84,322.41
CURRENT LIABILITIES
Short Term Borrowings	1,33,432.48	1,62,435.14
Trade Payables	24,935.97	33,108.59
Other Current Liabilities	1,64,310.10	72,691.63
Short Term Provisions	4,804.27	8,279.86
Total	3,27,482.82	2,76,515.22
Total Equity and Liabilities	5,13,139.59	5,16,581.14
ASSETS
NON-CURRENT ASSETS
Fixed Assets
(i) Tangible Assets	98,432.24	1,09,103.68
(ii) Intangible Assets	20.01	21.73
(iii) Capital Work-in-Progress	-	2,363.63
Non-Current Investments	21,991.63	51,686.58
Long Term Loans and Advances	55,402.15	58,479.53
Other Non-Current Assets	109.84	4,772.65
Total	1,75,955.87	2,26,427.80
CURRENT ASSETS
Inventories	1,32,057.84	1,16,210.45
Trade Receivables	1,83,416.58	1,49,376.03
Cash and Bank Balances	311.83	1,080.00
Short Term Loans and Advances	21,374.61	20,667.39
Other Current Assets	22.86	2,819.47
Total	3,37,183.72	2,90,153.34
Total Assets	5,13,139.59	5,16,581.14

S Kumars Nationwide Limited Profit & Loss Statement (In Rs)

Particulars	2013	2012
INCOME
Revenue from Operations (Gross)	3,39,700.07	3,51,587.26
Less : Excise Duty	111.8	441.21
Revenue from Operations (Net)	3,39,588.27	3,51,146.05
Other Income	160.56	137.57
Total Income	3,39,748.83	3,51,283.62
EXPENSES
Cost of Materials consumed	2,68,448.80	2,58,841.75
Changes in Inventories of Finished Goods and Work-in-Progress	-8,983.04	-13,291.10
Employee Benefits Expenses	5,925.77	8,844.64
Finance Costs	53,030.84	40,510.14
Depreciation and Amortization Expenses	12,877.17	9,221.93
Other Expenses	17,179.78	19,233.63
Total Expenses	3,48,479.32	3,23,360.99
Profit/(Loss) before Tax and Exceptional Items	-8,730.49	27,922.63
Exceptional Items
a) Provision for Diminution in the value of Overseas Investments (Net of Write Back)	-29,080.49	-
b) Reversal of NPV Gain	-3,334.14	-
Profit/(Loss) before Tax	-41,145.12	27,922.63
Tax expenses:
Current Tax	-	8,463.92
Deferred Tax	271.43	1,267.84
Short/(Excess) Provision of Earlier Years	-	234
Total Tax Expenses	271.43	9,965.76
Profit/(Loss) for the Year	-41,416.55	17,956.87
Earnings per Equity Share:
Basic	-13.93	` 6.21
Diluted	-13.92	6.2

S Kumars Nationwide Limited Consolidated Cash Flow Statement (In Rs)

Particulars	2013	2012
Cash Flow from Operating Activities
Profit/ (Loss) before Tax	-41,145.12	27,922.63
Adjustments for:
a)    Depreciation and Amortisation Expenses	12,877.17	9,221.93
b)    Loss on Sale of Fixed Assets (net)	130.76	6.11
c)    Sundry Balances Written Back	-94.59	-24.47
d)    Balances not Recoverable Written Off (Refer Note 33)	1,974.16	0.01
e)    ESOP Compensation (Credited)/ Debited to Statement of Profit & Loss	-209.69	-220.83
f)    Provision for Doubtful Receivables / Amount not Recoverable	2,089.30	50.67
g)    Finance Costs	53,030.84	40,510.14
h)    Interest Income	-63.58	-63.08
i)    Exchange Rate Fluctuation	174.79	397.19
j)    Provision for Diminution in the value of Overseas Investments	32,257.16	-
k)    Reversal of NPV Gain	3,334.14	-
Operating Profit before Working Capital Changes	64,355.34	77,800.30
Movements in Working Capital
a)    (Increase) / Decrease in Inventories	64,355.34	77,800.30
b)    (Increase) / Decrease in Trade Receivables
c)    (Increase) / Decrease in Advances & Deposits	-15,847.39	-22,140.64
d)    Increase / (Decrease) in Trade Payables	-36,129.85	-30,554.17
e)    Increase / (Decrease) in Other Payables & Liabilities	7,755.10	15,837.32
Cash Generated From/ (Used in) Operating Activities	-8,172.62	24,941.93
Direct Taxes Paid	5,432.08	-5,607.20
	17,392.66	60,277.54
	-18.61	-1,305.45
Net Cash Flow From/ (Used in) Operating Activities	17,374.05	58,972.09
Cash Flow from Investing Activities
a)    Acquisition of Fixed Assets (Including CWIP & Capital Advances)	-66.41	-49,223.53
b)    Sale of Fixed Assets	158.57	6.08
c)    Non Current Investments	-2,562.21	-1,269.00
d)    Interest Income	63.58	63.08
e)    (Increase) / Decrease in Loans & Advances to Subsidiary Company	-	-41.35
Net Cash Flow From/ (Used in) Investing Activities	-2,406.47	-50,464.72
Cash Flow from Financing Activities
a)    Proceeds from Long Term Borrowings
b)    Changes in Long Term Borrowings due to Reschedulement (Refer Note 38)	133.64	2,213.92
c)    Repayment of Long Term Borrowings	7,429.37	5,034.70
d)    Changes in Short Term Borrowings (Net)	-13,426.42	-22,462.17
e)    Movement in Debt Service Reserve Account	15,324.86	44,570.72
f)    Advance against Share Application Money	577.5	860
g)    Redemption of Preference Shares	9,748.81	4,763.39
h)    Dividend Paid (excluding Dividend Tax)	-474.8
i)    Interest Paid		-39,721.37
j)    Reversal of NPV Gain	-3,334.14	-
Net Cash Flow From /(Used in) Financing Activities Total (C)	-14,872.89	-8,687.45
Net Increase/(Decrease) in Cash and Cash Equivalents Total (A+B+C)	94.69	-180.08
Cash & Cash Equivalents at the beginning of the year	51.67	231.75
Cash & Cash Equivalents at the end of the year	146.36	51.67
Net Change in Cash & Cash Equivalents	94.69	-180.08

Here is a summary of the Cash Flow Statement for the years 2013 and 2012:

Cash Flow from Operating Activities:

1. Profit/(Loss) before Tax:

2013: -₹41,145.12 | 2012: ₹27,922.63

  In 2013, the company incurred a substantial loss before tax.

  In 2012, there was a significant profit before tax.

2. Adjustments:

a) Depreciation and Amortisation Expenses:

  2013: ₹12,877.17 | 2012: ₹9,221.93

    Increase in depreciation and amortization expenses in 2013.

b) Loss on Sale of Fixed Assets (net):

  2013: ₹130.76 | 2012: ₹6.11

    Higher net loss from the sale of fixed assets in 2013.

c) Sundry Balances Written Back:

  2013: -₹94.59 | 2012: -₹24.47

    Positive adjustments in 2013, indicating recoveries.

d) Balances not Recoverable Written Off:

  2013: ₹1,974.16 | 2012: ₹0.01

    Increased write-off of balances not recoverable in 2013.

e) ESOP Compensation (Credited)/ Debited:

  2013: -₹209.69 | 2012: -₹220.83

    Compensation adjustments related to Employee Stock Ownership Plans.

f) Provision for Doubtful Receivables/Amount not Recoverable:

  2013: ₹2,089.30 | 2012: ₹50.67

    Increased provision for doubtful receivables in 2013.

g) Finance Costs:

  2013: ₹53,030.84 | 2012: ₹40,510.14

    Higher finance costs in 2013.

h) Interest Income:

  2013: -₹63.58 | 2012: -₹63.08

    Minor changes in interest income.

i) Exchange Rate Fluctuation:

  2013: ₹174.79 | 2012: ₹397.19

    Fluctuations due to exchange rate changes.

j) Provision for Diminution in the value of Overseas Investments:

  2013: ₹32,257.16 | 2012: -

    Significant provision in 2013.

k) Reversal of NPV Gain:

  2013: ₹3,334.14 | 2012: -

    Reversal of Net Present Value Gain in 2013.

3. Operating Profit before Working Capital Changes:

2013: ₹64,355.34 | 2012: ₹77,800.30

  Operating profit before considering changes in working capital.

4. Movements in Working Capital:

a) (Increase) / Decrease in Inventories:

  2013: ₹64,355.34 | 2012: ₹77,800.30

    Increase or decrease in inventory value.

b) (Increase) / Decrease in Trade Receivables:

  *(Not provided)*

c) (Increase) / Decrease in Advances & Deposits:

  2013: -₹15,847.39 | 2012: -₹22,140.64

    Changes in advances and deposits.

d) Increase / (Decrease) in Trade Payables:

  2013: -₹36,129.85 | 2012: -₹30,554.17

    Changes in trade payables.

e) Increase / (Decrease) in Other Payables & Liabilities:

  2013: ₹7,755.10 | 2012: ₹15,837.32

    Changes in other payables and liabilities.

5. Cash Generated From/ (Used in) Operating Activities:

2013: -₹8,172.62 | 2012: ₹24,941.93

  Net cash generated or used in operating activities.

6. Direct Taxes Paid:

2013: ₹5,432.08 | 2012: -₹5,607.20

  Taxes paid during the year.

7. Net Cash Flow From/ (Used in) Operating Activities:

2013: ₹17,374.05 | 2012: ₹58,972.09

  Net cash flow from operating activities.

Cash Flow from Investing Activities:

1. Acquisition of Fixed Assets (Including CWIP & Capital Advances):

2013: -₹66.41 | 2012: -₹49,223.53

  Investment in new fixed assets.

2. Sale of Fixed Assets:

2013: ₹158.57 | 2012: ₹6.08

  Proceeds from the sale of fixed assets.

3. Non-Current Investments:

2013: -₹2,562.21 | 2012: -₹1,269.00

  Investments in non-current assets.

4. Interest Income:

2013: ₹63.58 | 2012: ₹63.08

  Income generated from interest.

5. (Increase) / Decrease in Loans & Advances to Subsidiary Company:

2013: - | 2012: -₹41.35

  Changes in loans and advances to a subsidiary.

6. Net Cash Flow From/ (Used in) Investing Activities:

2013: -₹2,406.47 | 2012: -₹50,464.72

  Net cash flow from investing activities.

 Cash Flow from Financing Activities:

1. Proceeds from Long Term Borrowings:

*(Not provided)*

2. Changes in Long Term Borrowings due to Reschedulement:

2013: ₹133.64 | 2012: ₹2,213.92

  Changes in long-term borrowings due to rescheduling.

3. Repayment of Long Term Borrowings:

2013: ₹7,429.37 | 2012: ₹5,034.70

  Repayment of long-term borrowings.

4. Changes in Short Term Borrowings (Net):

2013: -₹13,426.42 | 2012: -₹22,462.17

  Changes in short-term borrowings.

5. Movement in Debt Service Reserve Account:

2013: ₹15,324.86 | 2012: ₹44,570.72

  Changes in the debt service reserve account.

6. Advance against Share Application Money:

2013: ₹577.5 | 2012: ₹860

  Advances received against share applications.

7. Redemption of Preference Shares:

2013: ₹9,748.81 | 2012: ₹4,763.39

  Redemption of preference shares.

8. Dividend Paid (excluding Dividend Tax):

2013: -₹474.8 | 2012: -

  Dividends paid excluding dividend tax.

9. Interest Paid:

2013: -₹39,721.37 | 2012: -

  Interest payments.

10. Reversal of NPV Gain:

 2013: -₹3,334.14 | 2012: -

   Reversal of Net Present Value Gain.

11. Net Cash Flow From /(Used in) Financing Activities Total (C):

 2013: -₹14,872.89 | 2012: -₹8,687.45

   Net cash flow from financing activities.

 Overall Cash Flow:

Net Increase/(Decrease) in Cash and Cash Equivalents Total

  2013: ₹94.69 | 2012: -₹180.08

 Net change in cash and cash equivalents.

Cash & Cash Equivalents at the beginning of the year:

  2013: ₹51.67 | 2012: ₹231.75

 Initial cash and cash equivalents.

Cash & Cash Equivalents at the end of the year:

  2013: ₹146.36 | 2012: ₹51.67

 Final cash and cash equivalents.

Net Change in Cash & Cash Equivalents:

2013: ₹94.69 | 2012: -₹180.08

 Overall change in cash and cash equivalents during the year.

Financial Ratios (NA)

Dividend History (NA)