Ecosure Pulpmolding Technologies Limited.(ESTD-2019) Shares Financial Reports

Ecosure Pulpmolding Technologies Limited.(ESTD-2019) Shares

The document provided is an Independent Auditor's Report on the financial statements of Ecosure Pulpmolding Technologies Limited for the year ended March 31, 2024. The audit was conducted by S.N. Gupta & Associates, Chartered Accountants. **Opinion:** The auditor's opinion is that the financial statements present a true and fair view of the Company's state of affairs as of March 31, 2024, and its profit and cash flows for the year then ended, in accordance with accounting principles generally accepted in India and the Companies Act, 2013. **Basis for Opinion:** The audit was conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. The auditors are independent of the Company and have fulfilled their ethical responsibilities. They believe the audit evidence obtained is sufficient and appropriate to provide a basis for their opinion. **Responsibilities of Management and Those Charged with Governance:** The Board of Directors is responsible for preparing financial statements that give a true and fair view of the Company's financial position and performance, maintaining adequate accounting records, selecting and applying appropriate accounting policies, making reasonable and prudent judgments and estimates, and designing, implementing, and maintaining adequate internal financial controls. Management is also responsible for assessing the Company's ability to continue as a going concern. **Auditor's Responsibilities:** The auditor's objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement and to issue an auditor's report. This includes identifying and assessing the risks of material misstatement, designing and performing audit procedures, evaluating the appropriateness of accounting policies used, and concluding on the appropriateness of management's use of the going concern basis of accounting. **Report on Other Legal and Regulatory Requirements:** The report also includes statements on matters specified in paragraphs 3 and 4 of the Companies (Auditor's Report) Order, 2020 ("the Order"), including: * The Company has maintained proper records of Property, Plant and Equipment (PPE). The company does not have intangible assets. * PPE has been physically verified by the management. * The Company has been sanctioned working capital limits exceeding five crore rupees, and quarterly returns filed with banks/financial institutions are in agreement with the books of account. * The Company has complied with sections 185 and 186 of the Companies Act in respect of granting loans, making investments, and providing guarantees and securities, as applicable. * The Company has not accepted any deposits. * The Central Government has not prescribed the maintenance of cost records. * The Company is regular in depositing undisputed statutory dues. * There have been no previously unrecorded transactions surrendered or disclosed as income. * The Company has not defaulted in repayment of loans or borrowings. * The Company has not raised money through initial public offer or further public offer and has not made preferential allotment or private placement of shares. * The auditors have not come across any instance of fraud. * No report under section 143(12) of the Act has been filed. * All related party transactions comply with sections 177 and 188 of the Act. * The company does not have an internal audit system and is not required to have one. * The Company has not entered into any non-cash transactions with its directors. * The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934. * The Company has not incurred cash losses for the current and immediately preceding financial year. * There has been no resignation of the statutory auditors. * No material uncertainty exists regarding the Company's ability to meet its liabilities. * Section 135 of the Act, relating to Corporate Social Responsibility, is not applicable. * The Company used accounting software with an audit trail feature, which operated throughout the year without any instance of tampering. **Report on Internal Financial Controls over Financial Reporting:** The auditors have issued a separate report expressing an unmodified opinion on the adequacy and operating effectiveness of the Company's internal financial controls with reference to the financial statements. The management is responsible for establishing and maintaining these controls. The auditor's responsibility is to express an opinion on these controls based on their audit which was conducted in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the ICAI. They believe that the audit evidence obtained is sufficient and appropriate to provide a basis for their opinion. In the auditors' opinion, the Company has an adequate internal financial controls system over financial reporting with reference to financial statements, and such controls were operating effectively as at March 31, 2024. **Balance Sheet Highlights (March 31, 2024):** * **Equity and Liabilities:** Shareholder's funds: ₹69,807.22 (thousands). Non-current liabilities (Long-term borrowings): ₹49,431.17 (thousands). Current liabilities: ₹3,44,547.91 (thousands). Total Equity and Liabilities: ₹4,63,786.30 (thousands). * **Assets:** Non-current assets: ₹9,225.86 (thousands). Current Assets: ₹4,54,560.43 (thousands). Total Assets: ₹4,63,786.30 (thousands). **Statement of Profit and Loss Highlights (Year ended March 31, 2024):** * Total revenue: ₹5,03,331.80 (thousands) * Total expenses: ₹4,22,777.91 (thousands). * Profit before tax: ₹80,553.89 (thousands). * Profit after tax: ₹58,262.56 (thousands). * Earnings per equity share (Nominal value of ₹10 each): ₹1,165.25 **Cash Flow Statement Highlights (Year ended March 31, 2024):** * Net cash generated from Operating activities (₹1,36,216.54) (thousands). * Net cash used in Investing activities: (₹8,367.13) (thousands). * Net cash from Financing activities: ₹1,38,718.36 (thousands). * Net increase/(decrease) in cash and cash equivalents (₹5,865.30) (thousands). * Cash and cash equivalents as at the end of the year: ₹954.56 (thousands). **Other Key Points from Notes to Financial Statements:** * **Share Capital:** The company has one class of shares i.e., Equity Shares, having a par value of ₹10 per share. * **Long-Term Borrowings:** Details provided on term loans from NBFCs and Banks. * **Trade Payables:** Ageing schedule provided for trade payables. * **Related Party Disclosures:** Details of transactions with related parties, including sales, purchases, loans, and outstanding balances. List of related parties is disclosed. * **Segment Reporting:** The Company identified geographical segment on the basis of location of customers as its primary segments. * **Events after the Balance Sheet Date:** The report notes that there were no material events after the balance sheet date that require disclosure. * **Statutory Information:** Includes information about Benami property, transactions with struck-off companies, trading in crypto currency, and transactions with intermediaries and funding parties. * **Tax Payable:** Shows calculations on current and deferred tax liabilities. The financial statements were approved for issue by the Board of Directors on 14 August 2024. Ravinder Kumar, Partner, signed the Independent Auditor's Report for S.N. Gupta & Associates, Chartered Accountants, on the same date.

Ecosure Pulpmolding Technologies Limited.(ESTD-2019) Shares

**Financial Summary of Ecosure Pulpmolding Technologies Limited as at March 31, 2023** **Balance Sheet Highlights:** * **Equity and Liabilities:** * Share Capital: Rs. 500.00 thousand for both 2023 and 2022. * Reserves & Surplus: Increased significantly from Rs. 3,946.16 thousand in 2022 to Rs. 11,044.66 thousand in 2023. * Total Shareholders' Funds: Increased from Rs. 4,446.16 thousand to Rs. 11,544.66 thousand. * Long Term Borrowings: Increased substantially to Rs. 11,263.61 thousand in 2023 from Rs. 0 in 2022. * Short Term Borrowings: Increased significantly from Rs. 10,583.65 thousand to Rs. 29,765.49 thousand. * Trade Payables: Increased from Rs. 13,856.54 thousand to Rs. 20,931.02 thousand. * Other Current Liabilities: Increased from Rs. 126,590.23 thousand to Rs. 163,872.96 thousand. * Short-Term Provisions: Increased from Rs. 1,324.70 thousand to Rs. 2,299.16 thousand. * Total Equity and Liabilities: Increased from Rs. 156,801.28 thousand to Rs. 239,676.90 thousand. * **Assets:** * Property, Plant and Equipment: Increased from Rs. 595.33 thousand to Rs. 2,636.79 thousand. * Deferred Tax Assets: Increased from Rs. 5.35 thousand to Rs. 145.29 thousand. * Inventories: Increased from Rs. 33,078.46 thousand to Rs. 58,595.80 thousand. * Trade Receivables: Increased from Rs. 50,254.68 thousand to Rs. 62,721.29 thousand. * Cash And Cash Equivalents: Increased from Rs. 1,589.56 thousand to Rs. 6,819.86 thousand. * Short Term Loans And Advances: Increased from Rs. 71,253.90 thousand to Rs. 108,740.87 thousand. * Total Assets: Increased from Rs. 156,801.28 thousand to Rs. 239,676.90 thousand. **Statement of Profit and Loss Highlights:** * **Revenue:** * Revenue from Operations: Increased significantly from Rs. 167,078.17 thousand in 2022 to Rs. 334,111.76 thousand in 2023. * **Expenses:** * Purchase of Traded Goods: Increased from Rs. 155,504.57 thousand to Rs. 305,460.12 thousand. * Employee Benefit Expenses: Increased from Rs. 8,511.34 thousand to Rs. 14,278.73 thousand. * Depreciation: Increased from Rs. 463.02 thousand to Rs. 1,277.96 thousand. * Other Expenses: Increased from Rs. 15,761.20 thousand to Rs. 28,431.47 thousand. * Total Expenses: Increased from Rs. 162,005.87 thousand to Rs. 324,590.93 thousand. * **Profitability:** * Profit Before Tax: Increased from Rs. 5,096.41 thousand to Rs. 9,520.83 thousand. * Profit After Tax: Increased from Rs. 3,773.76 thousand to Rs. 7,098.50 thousand. * **Earnings Per Share:** * Basic and Diluted EPS: Increased from Rs. 75.48 to Rs. 141.97. **Key Financial Ratios (Year ended 31-03-2023):** * Current Ratio: 1.10 * Debt Equity Ratio: 1.97 * Net Profit Ratio: 0.02 **Additional Information:** * The company's share capital remains unchanged at Rs. 500,000. * A detailed list of shareholders and their shareholding as of March 31, 2023, and March 31, 2022, is provided. * Details of long-term borrowings, including secured and unsecured loans from various financial institutions, are provided. * The company has disclosed related party transactions as per Accounting Standard AS-18, including key management personnel and transactions with related entities. * The auditor's remuneration for the year is Rs. 20,000. * The company confirms that there are no pending applications or proceedings under the Insolvency and Bankruptcy Code, 2016. * The company does not hold any immoveable property, hence reporting of the title deed is not applicable * The company confirms that it has not traded or invested in crypto currency or virtual currency for the financial year ended March 31, 2023 and March 31, 2022 * There are no Contingent Liabilities and unexecuted capital commitments to be disclosed. **Overall Analysis:** The company has demonstrated significant revenue growth and improved profitability, alongside increased liabilities and assets.