Technofab Engineering Annual Report

Technofab Engineering Ltd (TECHNOFAB) Return Comparision with Primex 40 Index

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Technofab Engineering Ltd

Technofab Engineering Ltd Balance Sheet (In Rs. Lakhs)

Particulars

2022

2021

ASSETS

(1) Non-Current Assets

Property, Plant and Equipment

3,908.06

4,168.84

Investment in Property

52.27

53.19

Intangible assets

4.62

8.2

Financial Assets

(i) Investments

1,071.74

1,071.04

(ii) Loans

201.53

187.64

Other Non Current Assets

17.55

5,238.22

5,506.46

(2) Current Assets

Inventories

14.21

201.55

Financial Assets

(i) Investments

(ii) Trade Receivables

23,312.02

26,593.70

(iii) Cash and Cash Equivalents

2,192.83

92.74

(iv) Other Bank balances other than

3.27

3.26

(v) Other Financial Assets

1.2

15.24

Current Tax Assets (Net)

68.5

19.48

Other Current Assets

6,512.20

7,399.96

32,104.23

34,325.93

Total Assets

37,342.45

39,832.39

EQUITY AND LIABILITIES

(1) Shareholder 's Funds:

Equity Share Capital

1,049.00

Other Equity

-21,254.13

-13,275.79

-20,205.13

-12,226.79

(2) Non-Current Liabilities

Financial Liabilities

(i) Borrowings

1,656.95

1,669.35

(ii) Other Financial Liabilities

Provisions

95.82

126.67

Other non current liabilities

6,070.52

5,890.73

7,823.29

7,686.75

(3) Current Liabilities

Financial Liabilities

(i) Borrowings

36,961.95

32,520.43

(ii) Trade Payables

(a) Total outstanding dues of Micro

59.65

65.85

(b) Total outstanding dues of creditors

8,578.80

7,073.05

(iii) Other Financial Liabilities

3.05

Other Current Liabilities

4,091.54

4,651.19

Provisions

29.3

58.86

49,724.29

44,372.43

Total Liabilities

37,342.45

39,832.39

Technofab Engineering Ltd Profit & Loss Statement (In Rs. Lakhs)

PARTICULARS	2022	2021
REVENUE :
Revenue from Operations	11,294.32	2,662.90
Other Income	195.1	1,136.75
Total Revenue	11,489.42	3,799.64
EXPENSES :
Cost of Materials Consumed	1,215.21	1,243.38
Changes in inventories of Finished Goods, Work-in- Progress and Stock-in-Trade	183.94	696.12
Expenditure on Contracts	9,431.02	1,047.08
Employee Benefit Expense	677.84	1,091.98
Finance Costs	1,341.84	1,238.08
Depreciation and Amortization Expense	228.01	300.58
Other Expenses	3,178.62	6,611.35
Total Expenses	16,256.48	12,229.57
Profit / (Loss) before Exceptional items and Tax	-4,767.06	-8,429.93
Exceptional Items	3,231.86	4,371.40
Profit / (Loss) after Exceptional items but Before Tax	-7,998.92	-12,800.33
Tax Expense :
- Current Tax	-	-
- Deferred Tax	-	-
- Tax Adjustment for Earlier Years	0.63	-
Total Tax Expenses	0.63	-
Profit / (Loss) for the period from continuing operations	-7,999.55

Technofab Engineering Ltd Consolidated Cash Flow Statement (In Rs. Lakhs)

PARTICULARS	2022	2021
(A) CASH FLOW OPERATING ACTIVITIES
Net Profit Before Tax and Extraordinary Item	-7,998.92	-12,800.32
Adjustment for :
Depreciation	228.01	300.58
Interest Expenses	753.97	628.37
Interest Income	7.28	51.76
Loss on Sale of Property, Plant and Equipments (Net)	9.74	233.29
Dividend Income	-0.04	-0.05
Bad Debts Recovered (Net)	-1,484.68	-5,830.53
Liability No Longer Required	150.99	1,058.85
Operating Profit before Working Capital Changes	-8,333.65	-16,358.04
Adjustment for :
Trade receivables	4,766.36	12,423.04
Loans and Advances and other assets	924.25	1,088.06
Inventories	187.34	954.37
Trade and Other payables	929.46	-1,798.81
Cash Generated from Operation	-1,526.24	-3,691.38
Direct Taxes Paid	-69.13	92.06
Net Cash Flow from Operating Activities	-1,595.37	-3,599.32
(B) CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets	-0.37	-
Sale of Fixed Assets	27.9	102.22
Interest Income	-7.28	-51.76
Sale / (Purchase) of Investments (Net)	-	-
Dividend Received	0.04	0.05
Net Cash from (-used) in Investing Activities	20.29	50.51
(C) CASH FLOW FROM FINANCING ACTIVITIES
Interest Paid	-753.98	-628.37
Proceeds / (Repayment) from / of Long term Borrowings (Net)	-12.4	382.71
Proceeds / (Repayment) from / of Short term Borrowings (Net)	1,209.67	-911.51
Increase in Borrowings due to Invocation of Bank Guarantees	3,231.86	4,371.40
Net Cash Flow From Financing Activities	3,675.16	3,214.23
Net Increase in Cash and Cash Equivalents	2,100.08	-334.58
Cash & Cash Equivalents (Opening Balance)	92.74	427.32
Cash & Cash Equivalents (Closing Balance)	2,192.82	92.74

Certainly, here is a summary of Technofab Engineering Ltd Consolidated Cash Flow Statement , activity-wise:

A. Cash Flow from Operating Activities:

- In 2022, the company reported a Net Profit Before Tax and Extraordinary Items of -7,998.92 million, compared to -12,800.32 million in 2021.

- Adjustments for various factors, including depreciation, interest expenses, interest income, loss on the sale of property, plant, and equipment, dividend income, bad debts recovered, and liability no longer required, resulted in an Operating Profit before Working Capital Changes of -8,333.65 million in 2022 and -16,358.04 million in 2021.

- There were adjustments related to trade receivables, loans and advances, inventories, and trade and other payables.

- Cash Generated from Operations was -1,526.24 million in 2022 and -3,691.38 million in 2021.

- After paying direct taxes, the Net Cash Flow from Operating Activities was -1,595.37 million in 2022 and -3,599.32 million in 2021.

B. Cash Flow from Investing Activities:

- In 2022, the company made a net purchase of fixed assets, resulting in a cash outflow of -0.37 million. There were also proceeds from the sale of fixed assets, interest income, and dividend received.

- The Net Cash from Investing Activities was 20.29 million in 2022 and 50.51 million in 2021.

C. Cash Flow from Financing Activities:

- In 2022, interest paid was -753.98 million, and there were proceeds from long-term borrowings (net), proceeds from short-term borrowings (net), and an increase in borrowings due to the invocation of bank guarantees.

- The Net Cash Flow from Financing Activities was 3,675.16 million in 2022 and 3,214.23 million in 2021.

Technical Associates Infrapower Key Financial Ratios

Particulars	2022	2021
Current Ratio	0.65	0.77
Inventory turnover ratio	100.39	4.4
Trade Receivables turnover ratio	0.45	0.09
Trade Payables turnover ratio	1.33	0.3
Net Profit ratio (in %)	-70.84	-480.12

Here 's a summary of the key financial ratios for Technical Associates Infrapower for the years 2022 and 2021:

1. Current Ratio:

- In 2022, the current ratio was 0.65, while in 2021, it was 0.77.

- The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations.

2. Inventory Turnover Ratio:

- In 2022, the inventory turnover ratio was 100.39, significantly higher than 4.4 in 2021.

- A high inventory turnover ratio indicates that the company is selling its inventory quickly, which is generally a positive sign. However, an extremely high ratio may suggest aggressive inventory management or inventory shortages.

3. Trade Receivables Turnover Ratio:

- In 2022, the trade receivables turnover ratio was 0.45, compared to 0.09 in 2021.

- This ratio measures how quickly the company collects payments from its customers. A higher turnover ratio indicates a faster collection of receivables.

4. Trade Payables Turnover Ratio:

- In 2022, the trade payables turnover ratio was 1.33, whereas it was 0.3 in 2021.

- A higher trade payables turnover ratio indicates that the company is paying its suppliers more frequently, which may be a positive sign if it reflects efficient cash management.

5. Net Profit Ratio (in %):

- In 2022, the net profit ratio was -70.84%, and in 2021, it was -480.12%.

- The net profit ratio, also known as the profit margin, represents the percentage of profit generated from sales. A negative net profit ratio indicates that the company incurred losses relative to its sales.