Big Basket Unlisted Shares Financial Reports

Big Basket Unlisted Shares

SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED Consolidated Financial Statements Summary: **Company Overview:** * The company's name is SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED, a private entity incorporated and domiciled in India with its registered office in Bengaluru. * Its primary business involves trading grocery and other household products, as well as building, deploying, and maintaining smart vending machines. * The consolidated financial statements cover the period from April 1, 2023, to March 31, 2024, with comparative data from previous years. * The reporting currency is Indian Rupees (INR). **Auditor's Report:** * The Independent Auditor's Report is issued by BSR & Co. LLP, Chartered Accountants. * The auditor's opinion indicates that the consolidated financial statements provide a true and fair view of the Group's consolidated state of affairs. * The auditors have fulfilled their responsibilities in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. * The report includes an annexure (Annexure A) providing a statement on matters specified in paragraphs 3 and 4 of the Companies (Auditor's Report) Order, 2020, and a separate report in "Annexure B" on internal financial controls. **Financial Performance and Position (Key Data & Observations):** * The Group has incurred a net loss of Rs. 14,230.47 million during the year ended 31 March 2024 and has accumulated losses of Rs. 76,198.50 million. * Total assets as of March 31, 2024, are Rs. 4,360,84,98,905. * Total revenue from operations for the year is Rs. 10,061,91,81,457. * Basic and diluted loss per share is Rs. -107.35. * Equity share capital is Rs. 11,17,05,964. * Capital commitments as at March 31 2024 totaled Rs. 73.01 million * Property plant and equipment (net) as at March 31 2024 totaled Rs. 1,235,83,02,412 * Inventories (net) totaled Rs. 688,25,75,136 * The consolidated financial statements are prepared on a going concern basis despite accumulated losses, based on Management's future business plans, the ability to raise funds from its parent company, and unutilized credit facilities from banks. **Share Capital:** * The company has authorized, issued, subscribed and paid-up capital of various classes. * The authorized share capital includes equity shares and several series of compulsorily convertible preference shares (CCPS). * Reconciliation of shares outstanding at the beginning and end of the year is provided. * Details of shareholders holding more than 5% of a class of shares are disclosed. * Rights, preferences, and restrictions attached to shares are described. **Other Key Financial Details:** * The group's consolidated financial statements disclose the impact of pending litigations. * The group did not have material foreseeable losses on long-term contracts including derivative contracts during the year ended 31st March 2024. * There are no amounts which are required to be transferred to the Investor Education and Protection Fund by the Holding Company or its subsidiary companies incorporated in India during the year ended 31st March 2024. * Funds have not been advanced or loaned or invested to intermediaries with the understanding that they will be lent or invested in ultimate beneficiaries. * Funds have not been received from funding parties with the understanding that the Holding Company will lend or invest in ultimate beneficiaries. * The Holding Company has neither declared nor paid any dividend during the year. **Internal Financial Controls:** * The report expresses an opinion on the adequacy and operating effectiveness of internal financial controls with reference to financial statements. **Other Legal and Regulatory Requirements:** * The report includes a statement on matters specified in the Companies (Auditor's Report) Order, 2020. **Subsidiaries Information:** * The consolidated financial statements include the results of several subsidiaries: Innovative Retail Concepts Private Limited, Savis Retail Private Limited, Delyver Retail Network Private Limited, and Dailyninja Delivery Services Private Limited. **Going Concern & Material Uncertainties:** * The Group has incurred significant losses and has a working capital deficit, casting doubt on its ability to continue as a going concern. * The Management believes that the going concern assumption is appropriate based on its future business plans, the ability to raise funds from the parent company and unutilized credit facilities. * There is an over-reliance on the parent company, and the financial sustainability depends on the parent company and its subsidiary companies. **Emphasis on Audit Trail:** * Modification relating to maintenance of accounts and other matters connected therewith are as stated in paragraph 2A(b) above on reporting under Section 143(3)(b) and paragraph 2B(f) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014. **Audit Trail Feature in Accounting Software:** * For the holding company and its two subsidiary companies, the auditor is unable to ascertain if the feature of recording audit trail (edit log) facility was enabled and operated throughout the year for the accounting software relating to Purchase, General Ledger, Cost Centre Master, and credit master. * In case of the holding company and its one subsidiary company, the feature of audit trail was not enabled at the database level to log any direct data changes for the accounting software used for maintaining the books of account relating to Purchase Order records, Goods entry register, Purchase return and GDN records, Stock movement records. * In case of the holding company and its one subsidiary company, the feature of audit trail was not enabled at the application layer of the accounting software relating to Asset PO register for the period 1 April 2023 till 19 April 2023. * In case of the holding company and its one subsidiary company, in the absence of sufficient and appropriate reporting on compliance with audit trail requirements in the independent auditor's report of a service organization for the accounting softwares relating to Employee Master records, Payroll master, Payroll transaction and for the database layer of the accounting software relating to Asset PO register, and for database layer for the accounting software relating to Leave records for the period 1 January 2024 to 31 March 2024, the auditor is unable to comment whether the audit trail feature for the said softwares was enabled and operated throughout the year for all relevant transactions recorded in such softwares. * Further, for the periods where the audit trail (edit log) facility was enabled for the respective accounting softwares, there were no instances of the audit trail feature being tampered with.

Big Basket Unlisted Shares

**SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED - Consolidated Financial Statements Summary** This document presents the consolidated financial statements for Supermarket Grocery Supplies Private Limited ("the Group") covering the period from April 1, 2022, to March 31, 2023, with comparative figures from the prior year. **1. General Information:** * **Company Details:** Supermarket Grocery Supplies Private Limited is a private limited company incorporated and domiciled in India with its registered office in Bengaluru, Karnataka. Its primary business is trading in grocery and household products. * **Corporate Identity:** The Corporate Identity Number (CIN) is U51909KA2011PTC060707. The Permanent Account Number (PAN) of the entity is AAQCS4503H. The address of the registered office of the company is Fairway Business Park, 8th Floor, 2nd, 7th, and 8th Floor, Challaghatta Village, Behind DELL, Domlur and Bangalore 560071. The company is classified as a commercial and industrial enterprise. * **Reporting Period:** The financial statements cover a 12-month period from April 1, 2022, to March 31, 2023. The report is consolidated and presented in Indian Rupees (INR). The level of rounding used is actual values and the type of cash flow statement is the indirect method. **2. Auditors Report:** * **Auditor Details:** BSR & Co. LLP served as the auditors, with Firm Registration No.:101248W/W-100022. The signing partner was Sampad Guha Thakurta, with Membership No.: 060573. The ICAI UDIN is 23060573BGYNCT5164. The auditors' address is Embassy Golf Links Business Park, Pebble Beach, B Block, 3rd Floor, No. 13/2, Off Intermediate Ring Road, Bengaluru-560 071, India. The auditors signed the report on April 24, 2023. * **Opinion:** The audit provides a true and fair view in conformity with accounting principles generally accepted in India. The report concludes that the consolidated financial statements are free from material misstatement and complies with the Ind AS specified under Section 133 of the Act. * **Basis for Opinion:** The audit was conducted in accordance with Standards on Auditing (SAs) specified under Section 143(10) of the Act and the audit evidence was sufficient and appropriate. * **Emphasis:** Two subsidiaries were audited by other auditors, and the auditor's opinion relies on their reports. * **Auditor's Responsibilities:** The auditor is responsible for expressing an opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. **3. Financial Statement Highlights (INR):** * **Assets:** * Total assets were 4,365.09 millions (previous year: 3,793.30 millions). * Non-current assets totaled 3,024.16 millions (previous year: 2,780.38 millions), including property, plant and equipment of 1,389.49 millions (previous year: 1,126.50 millions), goodwill of 1,470.51 millions (previous year: 1,470.51 millions). * Current assets totaled 1,340.93 millions (previous year: 1,012.92 millions), including inventories of 558.35 millions (previous year: 479.08 millions) and current financial assets of 318.91 millions (previous year: 190.71 millions). * **Equity and Liabilities:** * Total equity was 2,202.93 millions (previous year: 1,966.68 millions), with equity attributable to owners of the parent at 2,202.89 millions (previous year: 1,966.63 millions). * Non-current liabilities were 1,020.97 millions (previous year: 786.92 millions), including non-current financial liabilities of 938.79 millions (previous year: 712.63 millions). * Current liabilities were 1,141.19 millions (previous year: 1,039.69 millions), including current financial liabilities of 1,010.23 millions (previous year: 906.40 millions) and trade payables of 700.53 millions (previous year: 602.49 millions). * **Statement of Profit and Loss:** * Revenue from operations: 9,468.50 millions (previous year: 8,497.70 millions). * Total Expenses: 11,284.73 millions (previous year: 9,596.68 millions). * Loss before tax: (1,785.42) millions (previous year: (1,040.66) millions). * Net Loss: (1,785.41) millions (previous year: (1,040.65) millions). * Other Comprehensive Income: (2.77) millions (previous year: 15.63 millions). * Basic and Diluted Loss per Share: (142.95) (previous year: (89.90)). **4. Key Financial Ratios and Information:** * **Going Concern:** Despite accumulated losses, the financial statements are prepared on a going concern basis, relying on continued financial support, unutilized credit facilities from banks, and ability to raise funds. * **Internal Financial Controls:** The Holding Company and subsidiary companies have adequate internal financial controls with reference to financial statements and such internal financial controls were operating effectively as at 31 March 2023. * **Cash Flow Statement:** The Group's net cash flow from operating activities used was (1,353.13) millions (previous year: (751.69) millions). Net cash flow from investing activities used was (304.57) millions (previous year: (110.12) millions). Net cash flow from financing activities generated was 1,633.81 millions (previous year: 941.16 millions). * **Trade Receivables:** Includes trade receivables considered good and credit impaired. There are no material debts due by directors or related parties. * **Bank Deposits:** Includes restricted bank balances primarily on account of bank balances held as lien against bank guarantees. **5. Share Capital:** * **Authorized Share Capital:** 22,12,63,592 Equity shares of Rs 1 each. A variety of series of Compulsorily Convertible Preference Shares are also authorized with different face values. * **Issued, Subscribed & Paid-Up Share Capital:** 11,17,05,964 Equity shares of Re. 1 each, fully paid up. Also, a number of Compulsorily Convertible Preference Shares of various series are issued. Detailed reconciliation of the number of shares outstanding at the beginning and end of the year is included. * **Shareholders Holding More Than 5%:** Protraviny Private Limited and Mirae Asset - Naver Asia Growth Investment Pte Ltd are the key shareholders. **6. Borrowings:** * Details of terms of repayment for the unsecured current borrowings are specified, noting that rates ranged from 7.20% to 8.95% p.a., repayable within 36 months. **7. Notes on specific assets and liabilities** * Details on several aspects of the assets and liabilities, including capital work in progress, bank deposits, and right-of-use assets This summary captures the essential details of the consolidated financial statements of Supermarket Grocery Supplies Private Limited for the fiscal year 2022-2023.