Taaza International Annual Reports, Balance Sheet and Financials

Taaza International Limited Consolidated Balance Sheet (Amount in Rs.)

Particulars	31-03-2022	31-03-2021
Non-current assets
Property, plant and equipment	2,19,762	4,12,762
Other non-current assets	46,63,000	46,63,000
Current assets
Trade receivables	11,22,95,167	11,35,90,167
Cash and cash equivalents	20,13,180	27,85,431
Total assets	11,91,91,109	12,14,51,360
Equity
Equity share capital	7,25,81,100	7,25,81,100
Other equity	2,59,44,412	3,18,54,637
Non-controlling interests	-23,04,118	-63,66,887
Non-current liabilities
Deferred tax liabilities (net)	-9,20,346	-5,57,261
Current liabilities
Borrowings
Trade payables	1,02,03,816	1,02,44,276
Other current liabilities	1,29,19,206	1,29,28,456
Current tax liabilities (net)	7,67,037	7,67,037
Total equity and liabilities	11,91,91,109	12,14,51,360

Taaza International Limited Consolidated Profit & Loss Statement (Amount in Rs.)

Particulars	31-03-2022	31-03-2021
Income
Other Income	-	2,96,378
Total Income	-	2,96,378
Expenses
Employee Benefits Expenses	3,30,000	1,30,000
Depreciation and Amortization Expenses	1,92,999	9,98,288
Other Expenses	15,71,384	33,14,321
Total Expenses	20,94,383	44,42,609
Profit before Tax	-20,94,383	-41,46,231
Deferred tax	-3,63,085	-1,52,458
Profit for the year	-17,31,299	-39,93,773
Earnings per Equity Share
Basic	-0.24	0.55
Diluted	-0.24	0.55

Taaza International Limited Consolidated Cash Flow Statement (Amount in Rs.)

Particulars	31-03-2022	31-03-2021
Cash Flow From Operating Activites
Profit/(loss) before tax and extraordinary items	-20,94,383	-41,46,231
Adjustments:
Gain on disposal of property, plant and equipment	-	-2,96,378
Non Cash Adjustment	-8,532	-8,532
Depreciation and amortisation of non-current assets	1,92,999	9,98,288
Net foreign exchange (gain)/loss	-41,44,857	19,12,110
Operating profit before working capital changes	-60,54,773	-15,40,743
Adjustments:
Trade and other receivables	12,95,000	27,34,266
Other assets	-1	62,61,386
Trade and other payables	-40,461	-85,79,142
Provisions	-9,250	4,52,545
Changes in Working Capital	12,45,288	8,69,056
Net cash flows from operating activities	-48,09,485	-6,71,687
Cash Flows From Investing Activities
Proceeds on sale of fixed assets	-	13,40,500
Net cash used in investing activities	-	13,40,500
Cash Flows From Financing Activities
Minority Interest	-8,532	-8,532
Net cash (used in) financing activities	-8,532	-8,532
Increase in cash and cash equivalents	-48,18,017	6,60,281
Cash and cash equivalents as at the beginning of year	27,85,431	21,25,150
Cash and cash equivalents as at end of the year	20,32,586	27,85,431

Here is a summary of the Cash Flow Statement for the years 2022 and 2021:

Operating Activities:

Taaza International Limited reported negative cash flows from operations in both FY 2022 (₹-48.09 lakh) and FY 2021 (₹-6.72 lakh), driven by consistent pre-tax losses and weak operating performance. Though depreciation and foreign exchange gains in FY 2022 offered some relief, they were insufficient to offset the losses. Working capital changes contributed positively in FY 2022, but overall operations remained cash-negative, indicating ongoing business inefficiencies.

Investing Activities:

There was no cash inflow from investing activities in FY 2022. In comparison, the company received ₹13.41 lakh in FY 2021 from the sale of fixed assets. The absence of any investing activity in FY 2022 suggests a conservative capital approach, likely due to ongoing losses and cash flow constraints.

Financing Activities:

Financing activity remained stagnant in both years, with a minor outflow of ₹8,532 related to minority interest adjustments. There was no infusion of external funds, loans, or equity during this period, indicating a lack of fresh capital raising or debt financing despite operating losses.

Net Movement in Cash:

Overall, the company witnessed a net decrease in cash and cash equivalents of ₹48.18 lakh in FY 2022, in contrast to an increase of ₹6.60 lakh in FY 2021. Consequently, closing cash balances declined to ₹20.33 lakh in FY 2022 from ₹27.85 lakh in the previous year. This reflects the impact of sustained operational losses and the absence of any investing or financing inflows.

Financial Ratios of Taaza International Limited

Particulars	2022	2021
Current ratio	10.6	10.8
Debt-equity ratio	0.08%	0.082%
Return on Net worth	-0.03%	-0.053%

Here is a summary of the financial and operational metrics for Taaza International Limited for the year 2022 and 2021:

Current Ratio

The current ratio remained high at 10.6 in FY 2022 compared to 10.8 in FY 2021, indicating a strong short-term liquidity position. The company holds significantly more current assets than liabilities, which suggests a conservative approach to liabilities but may also point to underutilized resources.

Debt-Equity Ratio

With a negligible debt-equity ratio of 0.08% in both years, the company is almost entirely equity-financed. This reflects low financial risk but also suggests limited leverage for growth or expansion

Return on Net Worth

The RONW was negative in both years, at -0.03% in FY 2022 and -0.053% in FY 2021, due to consistent net losses. This indicates the company is not generating returns for its shareholders and continues to erode shareholder value.