SHIVAM CEMENT LIMITED

BALANCE SHEET

Particulars 2017 2018

ASSETS
Non Current Assets
Property, Plant and Equipments 41931.42 49176.72
Intangiable Assets 7.65 5.17
Investment in Quoted Shares
Investment in Subsidiaries 12760 33657.03
Investment in Associates - -
Deferred Tax Assets - -
Other Non Curremt Assets 153.07 124.75
Total Non Current Assets 54,852.14 82,963.67
Current Assets
Inventories 16138.34 27618.43
Financial Assets
Trade Receivables 9109.84 12112.06
Cash and Equivalent 205.94 949.94
Bank Balance (Other than Cash) 177.87 176.12
Other Current Assets 2713.92 3949.64
Income Tax Assets (Net) 149.99 0
Total Current Assets 28,495.90 44,806.19
Total Assets 83,348.04 127,769.86
Equity and Liabilities
Equity
Equity Share Capital 25000 38720
Share Application Money
Share Premium 0 0
Other Equity 14497.38 25943.78
Non Controlling Interest 0 0
Total Equity 39497.38 64663.78
Non Current Liabilities
Financial Liabilities 18955.04 18392.21
Provisions 0 0
Deferred Tax Liabilities 189.6 648.19
Total Non Current Liabilities 19144.64 19040.4
Current Liabilities
Trade Payables 6647.36 9609.66
Short Term Borrowings 13313.65 24584.81
Other Financial Liabiliteis 1024 2068.41
Other Current Liabilities 3619.91 7658.13
Provisions 101.1 105.69
Income Tax Liabilities (Net) 0 38.97
Total Current Liabilities 24706.02 44065.67
Total Liabilities 43850.66 63106.07
Total Equity and Liabilities 83348.04 127769.85

Income Statement

Year Ended Upto Ashad 31, 2078

Particulars
Income
Revenue from Operations
Other Income
Total Income
Expenses
Raw Materials Consumption
Electricity/Power and Fuel
Changes in inventories of finished goods and WIP
Office Expenses
Sales and Distribution
Employee Benefits Expenses
Depreciation and Amortization
Other Expenses
Finance Cost
Total Expenses
P/(L) Before Tax from Continuing Operations & Share of Profit from Associates

Employees Bonus
Share of profit of associates accounted for using equity method
P/(L) Before Tax from Continuing Operations & Share of Profit from Associates
CSR
Tax Expenses
Current Tax
Deferred Tax
Net P/(L) for the year from continuing operations
Discontinued Operations
Profit from discountinued operations before tax
Tax Expenses on discontinued operation
Net P/(L) for the year

Statement of Cash Flow

Year Ended Upto Ashad 31, 2078

Particulars 2017 2018
Cash Flow From Operating Activities
P/(L) For the Year 13939.21
Asjustment of Non Cash Charges
Depreciation on Property, Plant & Equipment 4068.01
Amortization of Intangible Assets 2.48
Profit/(Loss) on sale of PPE -2.05
Interest Income -0.91
Interest Cost 3668.75
Deferred Tax 458.59
Current Tax 2641.59
Cash Flow Before Working Capital Change 24775.67
Changes in Working Capital
Decrease/(Increase) in Inventory -11480.08
Decrease/(Increase) in Trade Receivables -3002.22
Decrease/(Increase) in other Financial Assets 1.75
Decrease/(Increase) in other Assets -1207.39
Increase/(Decrease) in Sundry Creditors 2962.3
Increase/(Decrease) in Financial Liabilities 1044.41
Increase/(Decrease) in Other Liabilities 4038.22
Increase/(Decrease) in Provisions 144.28
-7498.73
Cash Generated from Operations 17276.94
Income Tax Paid -2452.62
Net Cash Flow From Operating Activities - 1 14824.32
Cash Flow From Investing Activities
Acquisitions of Property, Plant & Equipments -11349.08
Proceeds From Sale of Property, Plant & Equipments 37.82
Acquisitions of Intangible Assets 0
Investment in Quoted Shares 0
Investment in Subsidiaries -20897.03
Acquisition of Subsidiary net of cash
Investment in Associates 0
Investment in Fixed Deposit 0
Interest Income 0.91
Total Cash Flow From Investing Activities - 2 -32207.38
Cash Flow From Financing Activities
Proceeds From Long Term Borrowings 6017.55
Repayment of Long Term Borrowings -4686.15
Changes in Short-term Borrowings 9376.93
Interest Cost -3668.75
Proceeds from Issue of Share 13720
Changes in NCI
Share Issuance Cost
Dividend Paid -2632.5
Total Cash Flow From Financing Activities 18127.08
Net Increase/(Decrease) In Cash & Cash Equivalents [1+2+3] 744.02

Cash & Cash Equivalents At Beginning of The Year 205.94

Cash & Cash Equivalents At End of The Year 949.96
Components of Cash & Cash Equivalents
Cash In Hand 6.99
Balance With Bank 942.97

Ratio Calculation
Ratios 2017 2018
Quick Ratio 50.02 39.00
Cash Ratio 0.719945989 0.3996762105
Current Ratio 1.15 1.02
Inventory Turnover 1.522246402 3.7167427692
DSO 135.3504789 43.06745579
Fixed Assets T/O Ratio 0.45 1.24
Total Assets T/O Ratio 0.29 0.80
Debt Ratio 0.44 0.41
Liabilities to Assets Ratio 0.53 0.49
Market Debt Ratio 0.465159127 0.5405964302
Total Debt 33292.69 45045.43
Total Debt + Market Value 71,573 83,325
Debt to Equity 1.3317076 1.1633633781
Equity Multiplier 3.33 3.30
Time Interest Earned Ratio 4.903774518 4.6444647359
Cash Coverage Ratio 12.83 8.17
Net Profit Margin 0.330275786 0.1357926263
Operating Profit Margin 0.428640512 0.1659938993
Gross Profit Margin 0.42193057 0.165295024
ROA 0.10 0.11
BEP Ratio 1.532967782 1.0150130868
ROA 0.10 0.11
ROE 0.3245492 0.36
ROE 0.3245492 0.36
Financial Leverage 3.33 3.30
NOWC 7,647.38 (50,486.47)
NWC 113,494.16 166,667.86
NOPAT @25% 7897.6575 12779.535
ROIC 0.18 0.20
DPS 29
Market Capitalization - 3,872,000.00
TED
Balance Sheet
Common Size
2019 2020 2021 2017 2018 2019

47274.96 43,966.61 40,331.46 170% 48% 42%

2.86 6.19 8.54 0% 0% 0%
- - 2,005.72 0% 0% 0%
34057.03 35,657.03 36,657.03 52% 33% 30%
- - - 0% 0% 0%
- - - 0% 0% 0%
116.15 112.17 330.01 1% 0% 0%
81,451.00 79,742.00 79,332.76 222% 81% 72%
0% 0% 0%
25301.49 20,012.63 26,204.21 65% 27% 22%
0% 0% 0%
18959.97 19,450.40 17,775.53 37% 12% 17%
1123.53 1,371.51 1,968.47 1% 1% 1%
275.91 - 4,000.00 1% 0% 0%
2576.18 331.92 391.32 11% 4% 2%
0 1,254.74 1,001.94 1% 0% 0%
48,237.08 42,421.20 51,341.47 116% 44% 43%
129,688.08 122,163.20 130,674.23 339% 124% 114%
0% 0% 0%
0% 0% 0%
44000 44000 44000 102% 38% 39%
0% 0% 0%
9562.34 9562.34 9562.34 0% 0% 8%
35983.08 40867.04 44485.78 59% 25% 32%
0 0 0 0% 0% 0%
89545.42 94429.38 98048.12 161% 63% 79%
0% 0% 0%
11971.7 633.49 124.38 77% 18% 11%
0 0 0 0% 0% 0%
862.7 1032.99 1111.87 1% 1% 1%
12834.4 1666.48 1236.25 78% 19% 11%
0% 0% 0%
13491.04 17658.11 17769.37 27% 9% 12%
6176.61 1816.78 6663.85 54% 24% 5%
3052.76 2355.41 2734.14 4% 2% 3%
4276.21 3954.96 3702.03 15% 7% 4%
2.33 83.5 110.38 0% 0% 0%
 309.3 198.58 410.08 0% 0% 0%
27308.25 26067.34 31389.85 101% 43% 24%
40142.65 27733.82 32626.10 178% 61% 35%
129688.07 122163.2 130674.22 339% 124% 114%

me Statement Income S
Comm
Upto Ashad 31, 2078
2017 2018 2019 2020 2021 2017

24566.53 102650.64 113451.14 90090.51 96154.33 100%

164.84 71.74 143.68 199.45 452.35 0.00671
24731.37 102722.38 113594.82 90289.96 96606.68 1.00671

0 41466.47 36767.47 36181.97 44192.51 0

0 23516.76 30236.74 21385.64 21031.87 0
0 -1665.94 1556.06 -1396.63 -3625.77 0
1473.35 0.059974
3634.64 0.147951
0 4388.21 5432.16 4854.48 5741.97 0
7031.45 4070.49 4641.92 4756.8 4851.52 0.286221
10238.26 11548.39 8951.46 7186.05 0
2061.72 3668.75 3463.78 1508.82 264.46 0.083924
14201.16 85683 93646.52 76242.54 79642.61 0.578069
10530.21 17039.38 19948.3 14047.42 16964.07 0.428641

420 0.017096
0 0 0 0 0
10110.21 17039.38 19948.3 14047.42 16964.07 0.411544
101.1 0.004115
0
1881.27 2641.59 3034.2 2106.51 2758.52 0.076579
14.11 458.59 214.5 170.29 78.88 0.000574
8113.73 13939.2 16699.6 11770.62 14126.67 0.330276

0 0 0 0 0
0 0 0 0 0
8113.73 13939.2 16699.6 11770.62 14126.67 0.330276

ow Statement of Cash Flow

Common Size Cash Flow
2078
2019 2020 2021 2017 2018 2019

16699.6 11770.62 14126.66 14% 15%

 0% 0%
4639.61 4755.18 4847 4% 4%
2.31 1.62 4.52 0% 0%
147.85 -64 -39.31 0% 0%
-24 -0.46 -208.56 0% 0%
3463.78 1508.82 264.46 4% 3%
214.5 170.29 78.88 0% 0%
3034.21 2106.51 2758.52 3% 3%
28177.86 20248.58 21832.17 24% 25%
0% 0%
2316.93 5288.86 -6191.58 -11% 2%
-6847.91 -490.43 1674.87 -3% -6%
-99.79 -56.01 -59.4 0% 0%
1382.05 1325.43 34.95 -1% 1%
3881.38 4167.07 111.26 3% 3%
984.35 -697.35 378.73 1% 1%
-3381.92 -321.25 -385.62 4% -3%
183.73 141.89 171.35 0% 0%
-1581.18 9358.21 -4265.44 -7% -1%
26596.68 29606.79 17566.73 17% 23%
-2763.88 -2217.23 -2547.02 -2% -2%
23832.8 27389.56 15019.71 14% 21%
0% 0%
-3300.45 -1479 -1213.57 -11% -3%
414.75 96.17 41.03 0% 0%
0 -4.95 -6.87 0% 0%
0 0 -2005.72 0% 0%
-400 -1600 -1000 -20% 0%
0% 0%
0 0 0 0% 0%
0 0 -4000 0% 0%
24 0.46 208.56 0% 0%
-3261.7 -2987.32 -7976.57 -31% -3%
0% 0%
0 0 124.55 6% 0%
-12172.23 -11906.58 -711.8 -5% -11%
-12656.46 -3791.47 4925.2 9% -11%
-3463.78 -1508.82 -264.46 -4% -3%
15054.7 13% 13%
0% 0%
-212.36 0% 0%
-6947.38 -6947.38 -10519.7 -3% -6%
-20397.51 -24154.25 -6446.21 18% -18%
173.59 247.99 596.93 1% 0%
0% 0%
949.94 1123.53 1371.51 0% 1%
1123.53 1371.52 1968.44 1% 1%
 0% 0%
26.86 14.48 6.18 0% 0%
1096.67 1357.04 19662.29 1% 1%

n
2018 2020 2021
83.99 85.96 80.08
1.0103540139 0 12.742972649
1.77 1.63 1.64
4.4839707069 4.50 3.67
60.998849813 78.80 67.48
1.39 1.13 1.21
0.87 1.06 0.94
0.20 0.10 0.13
0.31 0.33 0.32
0.3564339041 0.1115377545 0.1992028847
21201.07 4805.68 9522.37
59,481 43,086 47,802
0.4818425 0.10922 0.2164175
2.95 1.93 2.33
1.03 0.79 64.16
5.39 7.25 11.64
0.1471964054 0.130653273 0.1469166287
0.1758316399 0.1559256352 0.1764254402
0.1745651917 0.1537117505 0.1717210239
0.13 0.14 0.14
0.654203532 1.2102785871 0
0.13 0.14 0.14
0.3795363636 0.2675140909 0.3210606818
0.3795363636 0.2675140909 0.3210606818
2.95 1.93 2.33
(58,900.48) (51,479.45) (46,070.51)
183,830.83 138,517.06 150,625.85
14961.225 10535.565 12723.0525
0.19 0.24 0.24
24.21 15.78 15.78
26752000  26312000  64152000 
ance Sheet
mmon Size
2020 2021

49% 42%
0% 0%
0% 2%
39% 38%
0% 0%
0% 0%
0% 0%
88% 82%
0% 0%
22% 27%
0% 0%
22% 18%
2% 2%
0% 4%
0% 0%
1% 1%
47% 53%
136% 136%
0% 0%
0% 0%
49% 46%
0% 0%
11% 10%
45% 46%
0% 0%
105% 102%
0% 0%
1% 0%
0% 0%
1% 1%
2% 1%
0% 0%
20% 18%
2% 7%
3% 3%
4% 4%
0% 0%
 0% 0%
29% 33%
31% 34%
136% 136%

Income Statement
Common Size

2018 2019 2020 2021

100% 100% 100% 100%

0% 0% 0% 0%
100% 100% 100% 100%

40% 32% 40% 46%

23% 27% 24% 22%
-2% 1% -2% -4%

4% 5% 5% 6%
4% 4% 5% 5%
10% 10% 10% 7%
4% 3% 2% 0%
83% 83% 85% 83%
17% 18% 16% 18%

17% 18% 16% 18%

3% 3% 2% 3%
0% 0% 0% 0%
14% 15% 13% 15%

14% 15% 13% 15%

Cash Flow
Cash Flow

2020 2021

13% 15%
0% 0%
5% 5%
0% 0%
0% 0%
0% 0%
2% 0%
0% 0%
2% 3%
22% 23%
0% 0%
6% -6%
-1% 2%
0% 0%
1% 0%
5% 0%
-1% 0%
0% 0%
0% 0%
10% -4%
33% 18%
-2% -3%
30% 16%
0% 0%
-2% -1%
0% 0%
0% 0%
0% -2%
-2% -1%
0% 0%
0% 0%
0% -4%
0% 0%
-3% -8%
0% 0%
0% 0%
-13% -1%
-4% 5%
-2% 0%
0% 0%
0% 0%
0% 0%
-8% -11%
-27% -7%
0% 1%
0% 0%
1% 1%
2% 2%
0% 0%
0% 0%
2% 20%
 SHIVAM CEMENT LIMITE
BALANCE SHEET

Particulars 2017 2018

ASSETS
Non Current Assets
Property, Plant and Equipments 41931.42 49176.72
Intangiable Assets 7.65 5.17
Investment in Quoted Shares
Investment in Subsidiaries 12760 33657.03
Investment in Associates - -
Deferred Tax Assets - -
Other Non Curremt Assets 153.07 124.75
Total Non Current Assets 54,852.14 82,963.67
Current Assets
Inventories 16138.34 27618.43
Financial Assets
Trade Receivables 9109.84 12112.06
Cash and Equivalent 205.94 949.94
Bank Balance (Other than Cash) 177.87 176.12
Other Current Assets 2713.92 3949.64
Income Tax Assets (Net) 149.99 0
Total Current Assets 28,495.90 44,806.19
Total Assets 83,348.04 127,769.86
Equity and Liabilities
Equity
Equity Share Capital 25000 38720
Share Application Money
Share Premium 0 0
Other Equity 14497.38 25943.78
Non Controlling Interest 0 0
Total Equity 39497.38 64663.78
Non Current Liabilities
Financial Liabilities 18955.04 18392.21
Provisions 0 0
Deferred Tax Liabilities 189.6 648.19
Total Non Current Liabilities 19144.64 19040.4
Current Liabilities
Trade Payables 6647.36 9609.66
Short Term Borrowings 13313.65 24584.81
Other Financial Liabiliteis 1024 2068.41
Other Current Liabilities 3619.91 7658.13
Provisions 101.1 105.69
Income Tax Liabilities (Net) 0 38.97
Total Current Liabilities 24706.02 44065.67
Total Liabilities 43850.66 63106.07
Total Equity and Liabilities 83348.04 127769.85

Cash Ratio 0.719945988872 0.3996762105285

Current Ratio 1.15 1.02
Inventory Turnover 1.522246402046 3.7167427692306
DSO 135.3504788833 43.067455789852
Fixed Assets T/O Ratio 0.45 1.24
Total Assets T/O Ratio 0.29 0.80
Debt Ratio 0.44 0.41
Liabilities to Assets Ratio 0.53 0.49
Market Debt Ratio 0.465159127036 0.5405964301654
Total Debt 33292.69 45045.43
Total Debt + Market Value 71,573 83,325
Debt to Equity 1.3317076 1.1633633780992
Equity Multiplier 3.33 3.30
Time Interest Earned Ratio 4.903774518363 4.6444647359455
Cash Coverage Ratio 12.83 8.17
Net Profit Margin 0.330275785795 0.1357926263295
Operating Profit Margin 0.428640512111 0.1659938993074
Gross Profit Margin 0.421930569763 0.1652950239765
ROA 0.10 0.11
BEP Ratio 1.532967781846 1.0150130868109
ROA 0.10 0.11
ROE 0.3245492 0.36
ROE 0.3245492 0.36
Financial Leverage 3.33 3.30
NOWC 7,647.38 (50,486.47)
NWC 113,494.16 166,667.86
NOPAT @25% 7897.6575 12779.535
ROIC 0.18 0.20
DPS 29
Market Capitalization 0.00 3,872,000.00
NT LIMITED
SHEET

2019 2020 2021 Average

47274.96 43,966.61 40,331.46 44536.234

2.86 6.19 8.54 6.082
- - 2,005.72 401.144
34057.03 35,657.03 36,657.03 30557.624
- - - 0
- - - 0
116.15 112.17 330.01 167.23
81,451.00 79,742.00 79,332.76 75668.314
0
25301.49 20,012.63 26,204.21 23055.02
0
18959.97 19,450.40 17,775.53 15481.56
1123.53 1,371.51 1,968.47 1123.878
275.91 - 4,000.00 925.98
2576.18 331.92 391.32 1992.596
0 1,254.74 1,001.94 481.334
48,237.08 42,421.20 51,341.47 43060.368
129,688.08 122,163.20 130,674.23 118728.682
0
0
44000 44000 44000 39144
0
9562.34 9562.34 9562.34 5737.404
35983.08 40867.04 44485.78 32355.412
0 0 0 0
89545.42 94429.38 98048.12 77236.816
0
11971.7 633.49 124.38 10015.364
0 0 0 0
862.7 1032.99 1111.87 769.07
12834.4 1666.48 1236.25 10784.434
0
13491.04 17658.11 17769.37 13035.108
6176.61 1816.78 6663.85 10511.14
3052.76 2355.41 2734.14 2246.944
4276.21 3954.96 3702.03 4642.248
2.33 83.5 110.38 80.6
309.3 198.58 410.08 191.386
27308.25 26067.34 31389.85 30707.426
40142.65 27733.82 32626.10 41491.86
129688.07 122163.2 130674.22 118728.676
0
1.0103540138969 0 12.742972648802 2.974589772
1.77 1.63 1.64 1.439914655
4.4839707068635 4.50 3.67 3.578813106
60.998849813232 78.80 67.48 77.13905703
1.39 1.13 1.21 1.083970696
0.87 0.74 0.74 0.68924834
0.20 0.07 0.10 0.244945112
0.31 0.23 0.25 0.361249873
0.3564339040976 0.1115377545393 0.1992028847105 0.33458602
21201.07 4805.68 9522.37 22773.448
59,481 43,086 47,802 61053.448
0.4818425 0.10922 0.2164175 0.660510196
2.95 2.78 2.97 3.065504923
1.03 0.79 64.16 15.10430402
7.31 8.83 11.64 9.755514215
0.1471964054306 0.1306532730251 0.1469166287155 0.178166944
0.1758316399465 0.1559256352306 0.1764254402272 0.220563425
0.1745651916763 0.1537117505495 0.1717210238998 0.217444712
0.13 0.10 0.11 0.107933754
0.9419770884109 1.0696693439596 0.9085852811224 1.093642516
0.13 0.10 0.11 0.107933754
0.3795363636364 0.2675140909091 0.3210606818182 0.330532067
0.3795363636364 0.2675140909091 0.3210606818182 0.330532067
2.95 2.78 2.97 3.065504923
(58,900.48) (51,479.45) (46,070.51) -39857.906
183,830.83 175,837.86 178,617.14 163689.57
14961.225 10535.565 12723.0525 11779.407
0.19 0.15 0.17 0.179005008
24.21 15.78 15.78 16.954
26752000  26312000  64152000  774400
 Income Statement
For Period 16th July 2020 - 15th July 2021
Year Ended Upto Ashad 31, 2078
Particulars 2017 2018 2019 2020 2021
Income
Revenue from Operations 24566.53 102650.6 113451.1 90090.51 96154.33
Other Income 164.84 71.74 143.68 199.45 452.35
Total Income 24731.37 102722.4 113594.8 90289.96 96606.68
Expenses
Raw Materials Consumption 0 41466.47 36767.47 36181.97 44192.51
Electricity/Power and Fuel 0 23516.76 30236.74 21385.64 21031.87
Changes in inventories of finished goods and 0 -1665.94 1556.06 -1396.63 -3625.77
WIP
Office Expenses 1473.35
Sales and Distribution 3634.64
Employee Benefits Expenses 0 4388.21 5432.16 4854.48 5741.97
Depreciation and Amortization 7031.45 4070.49 4641.92 4756.8 4851.52
Other Expenses 10238.26 11548.39 8951.46 7186.05
Finance Cost 2061.72 3668.75 3463.78 1508.82 264.46
Total Expenses 14201.16 85683 93646.52 76242.54 79642.61
P/(L) Before Tax from Continuing Operations & 10530.21 17039.38 19948.3 14047.42 16964.07

Employees Bonus 420

Share of profit of associates accounted for 0 0 0 0 0
using equity method
P/(L) Before Tax from Continuing Operations 10110.21 17039.38 19948.3 14047.42 16964.07
& Share
CSR of Profit from Associates 101.1
Tax Expenses
Current Tax 1881.27 2641.59 3034.2 2106.51 2758.52
Deferred Tax 14.11 458.59 214.5 170.29 78.88
Net P/(L) for the year from continuing 8113.73 13939.2 16699.6 11770.62 14126.67
operations
Discontinued Operations
Profit from discountinued operations before 0 0 0 0 0
tax
Tax Expenses on discontinued operation 0 0 0 0 0
Net P/(L) for the year 8113.73 13939.2 16699.6 11770.62 14126.67

Basic EPS (NPR) 32.45 44.65 41.1 26.75 32.11

Diluted EPS (NPR) 32.34 44.65 41.1 26.75 32.11
 85382.63
206.412
85589.04
0
31721.68
19234.2
-1026.456
294.67
726.928
4083.364
5070.436
7584.832
2193.506
69883.17
15705.88
0
84
0
15621.88
20.22
0
2484.418
187.274
12929.96
0
0
0
12929.96
0
35.412
35.39
 Statement of Cash Flow
For Period 16th July 2020 - 15th July 2021
Year Ended Upto Ashad 31, 2078
Particulars 2018 2018 2019
Cash Flow From Operating Activities
P/(L) For the Year 13939.21 16699.6
Asjustment of Non Cash Charges
Depreciation on Property, Plant & Equipment 4068.01 4639.61
Amortization of Intangible Assets 2.48 2.31
Profit/(Loss) on sale of PPE -2.05 147.85
Interest Income -0.91 -24
Interest Cost 3668.75 3463.78
Deferred Tax 458.59 214.5
Current Tax 2641.59 3034.21
Cash Flow Before Working Capital Change 24775.67 28177.86
Changes in Working Capital
Decrease/(Increase) in Inventory -11480.08 2316.93
Decrease/(Increase) in Trade Receivables -3002.22 -6847.91
Decrease/(Increase) in other Financial Assets 1.75 -99.79
Decrease/(Increase) in other Assets -1207.39 1382.05
Increase/(Decrease) in Sundry Creditors 2962.3 3881.38
Increase/(Decrease) in Financial Liabilities 1044.41 984.35
Increase/(Decrease) in Other Liabilities 4038.22 -3381.92
Increase/(Decrease) in Provisions 144.28 183.73
-7498.73 -1581.18
Cash Generated from Operations 17276.94 26596.68
Income Tax Paid -2452.62 -2763.88
Net Cash Flow From Operating Activities - 1 14824.32 23832.8
Cash Flow From Investing Activities
Acquisitions of Property, Plant & Equipments -11349.08 -3300.45
Proceeds From Sale of Property, Plant & Equipments 37.82 414.75
Acquisitions of Intangible Assets 0 0
Investment in Quoted Shares 0 0
Investment in Subsidiaries -20897.03 -400
Acquisition of Subsidiary net of cash
Investment in Associates 0 0
Investment in Fixed Deposit 0 0
Interest Income 0.91 24
Total Cash Flow From Investing Activities - 2 -32207.38 -3261.7
Cash Flow From Financing Activities
Proceeds From Long Term Borrowings 6017.55 0
Repayment of Long Term Borrowings -4686.15 -12172.23
Changes in Short-term Borrowings 9376.93 -12656.46
Interest Cost -3668.75 -3463.78
Proceeds from Issue of Share 13720 15054.7
Changes in NCI
Share Issuance Cost -212.36
Dividend Paid -2632.5 -6947.38
Total Cash Flow From Financing Activities 18127.08 -20397.51
Net Increase/(Decrease) In Cash & Cash Equivalents 744.02 173.59
[1+2+3]
Cash & Cash Equivalents At Beginning of The Year 205.94 949.94
Cash & Cash Equivalents At End of The Year 949.96 1123.53
Components of Cash & Cash Equivalents
Cash In Hand 6.99 26.86
Balance With Bank 942.97 1096.67
1

2020 2021

11770.62 14126.66 14134.023

0
4755.18 4847 4577.45
1.62 4.52 2.7325
-64 -39.31 10.6225
-0.46 -208.56 -58.4825
1508.82 264.46 2226.4525
170.29 78.88 230.565
2106.51 2758.52 2635.2075
20248.58 21832.17 23758.57
0
5288.86 -6191.58 -2516.468
-490.43 1674.87 -2166.423
-56.01 -59.4 -53.3625
1325.43 34.95 383.76
4167.07 111.26 2780.5025
-697.35 378.73 427.535
-321.25 -385.62 -12.6425
141.89 171.35 160.3125
9358.21 -4265.44 -996.785
29606.79 17566.73 22761.785
-2217.23 -2547.02 -2495.188
27389.56 15019.71 20266.598
0
-1479 -1213.57 -4335.525
96.17 41.03 147.4425
-4.95 -6.87 -2.955
0 -2005.72 -501.43
-1600 -1000 -5974.258
0
0 0 0
0 -4000 -1000
0.46 208.56 58.4825
-2987.32 -7976.57 -11608.24
0
0 124.55 1535.525
-11906.58 -711.8 -7369.19
-3791.47 4925.2 -536.45
-1508.82 -264.46 -2226.453
7193.675
0
-53.09
-6947.38 -10519.7 -6761.74
-24154.25 -6446.21 -8217.723
247.99 596.93 440.6325
0
1123.53 1371.51 912.73
1371.52 1968.44 1353.3625
0
14.48 6.18 13.6275
1357.04 19662.29 5764.7425
 Statement of Changes
For Period 16th July 2020 - 1
Year Ended Upto Ashad
Particulars Share Capital
Balance as on 01/04/2076 44000
Addition in Capital
Share Issuance Cost
Provision for CSR Written Back
Profit/(Loss) for the Year
Other Comprehensive Income for the Year
Dividend Paid
Balance as on 31/03/2077 44000
Balance as on 01/04/2077 44000
Addition in Capital
Share Issuance Cost
Provision for CSR Written Back
Profit/(Loss) for the Year
Other Comprehensive Income for the Year
Dividend Distribution
Balance as on 31/03/2078 44000
Statement of Changes in Equity
For Period 16th July 2020 - 15th July 2021
Year Ended Upto Ashad 31, 2078
Share Premium Fair Value Reserve Revaluation Reserve Retained Earnings Total
9562.34 0 0 35983.08 89545.42
0
0
60.72 60.72
11770.62 11770.62
0 0
-6947.38 -6947.38
9562.34 0 0 40867.04 94429.38
9562.34 0 0 40867.04 94429.38
0
0
144.48 144.48
14126.66 14126.66
0 0
-10652 -10652
9562.34 0 0 44486.18 98048.52