Ed and Tech International Annual Reports, Balance Sheet and Financials

Ed & Tech International Limited Balance Sheet (In Rs.)

 Ed & Tech International Limited Profit & Loss Statement (In Rs.)

 Ed & Tech International Limited Consolidated Cash Flow Statement (In Rs.)

About this cash flow statement of Ed & Tech International for the year 2021-2020

Operating Activities: The company experienced a loss before tax and extraordinary items in both 2020 and 2021, with a significant loss of -$51,330 in 2021. Operating profit before changes in working capital remained the same as the loss before tax and extraordinary items.

The net cash generated from operating activities increased substantially from $1,024,090 in 2020 to $20,728,461 in 2021. This increase is primarily due to the substantial increase in trade and other receivables ($18,267,017) and other assets ($1,162,007) and a smaller increase in other liabilities ($1,350,767).

Financing Activities: The company obtained significant proceeds from borrowings in both years, totalling -$20,723,448 in 2021 and $853,309 in 2020. Consequently, the net cash from financing activities amounted to -$20,723,448 in 2021 and $853,309 in 2020.

Net Increase in Cash & Cash Equivalents: Despite the increase in cash generated from operating activities, the net increase in cash and cash equivalents was relatively small, amounting to $5,013 in 2021, compared to a substantial increase of $1,877,399 in 2020.

Cash and Cash Equivalents: Cash and cash equivalents at the beginning of the year were $76,966 in 2021 and $95,399 in 2020. However, by the end of 2021, cash and cash equivalents increased to $81,979, which is significantly lower than the amount of $1,972,798 in 2020.

Overall, the cash flow statement indicates that while the company improved its cash generation from operating activities substantially, it also relied heavily on borrowings for financing activities. Despite this, the net increase in cash and cash equivalents was relatively modest due to various factors like changes in working capital and financing activities.

Software Consulting Market Industry Overview

The market for software services exported from India is projected to be worth USD 151.60 billion in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 4.53% to reach USD 189.19 billion by 2029. This industry is made up of several different categories, such as engineering services, BPO services, software product development, and IT services. India 's market expansion is aided by its significance in outsourcing and offshoring as well as its knowledge of emerging technology. Digital transformation, the use of technologies like blockchain, AI, and IoT, and the tendency to leverage core capabilities by outsourcing non-essential processes are some of the factors propelling growth.

FAQ Related to Ed & Tech International Limited

Q.1 Do Ed & Tech International Limited is listed or not?

Ed & Tech International Limited iS Unlisted company.

Q.2 What was the previous name of Ed & Tech International Limited?

Ed & Tech International Limited formally known as Visu International Limited.

Q.3 What is the main Work of Ed & Tech International Limited?

Software publishing includes the production, supply and documentation of ready-made (non-customized) software, operating systems software, business & other applications software and computer games software for all platforms.

Q.4 When did the Visu International Limited Change it 's name to Ed & Tech International Limited?

Visu International Limited underwent a name change and is now known as Ed & Tech International Limited. the company officailly adopted new name on May 29,2023.