Incred Holdings Limited Unlisted Shares Financial Reports

Incred Holdings Limited Unlisted Shares

INCRED HOLDINGS LIMITED Consolidated Financial Statements Summary: **General Company Information:** * The company is InCred Holdings Limited, formerly known as KKR Capital Markets India Limited, converted to a public company on July 8, 2022. * Its Corporate Identity Number (CIN) is U67190MH2011PLC211738, and its Permanent Account Number (PAN) is AAECK1977B. * The registered office is located in Mumbai. * The financial statements cover the period from April 1, 2022, to March 31, 2023, and are consolidated financial statements. * The presentation currency is INR (Indian Rupees). * The statements use actuals. * An indirect method is used for the cash flow statement. **Auditor's Report Disclosures:** * The auditor is S.R. Batliboi & Associates LLP. * The firm's registration number is 101049W/E300004. * Sarvesh Vishwesh Warty is the signing partner, with membership number 121411. * The UDIN is 23121411BGWEGI3206. * The audit report date is May 26, 2023. * The company maintained proper records of Property, Plant, and Equipment (PPE). * The company did not capitalize any intangible assets. * There is no immovable property held by the company where the company is the lessee. * The company has not revalued its Property, Plant, and Equipment. * There are no proceedings initiated for holding any benami property. * The company's business does not require maintenance of inventories. * The company has not been sanctioned working capital limits exceeding Rs. five crores. * The Company has not provided loans, advances in the nature of loans, stood guarantee or provided security to companies, firms, Limited Liability Partnerships or any other parties. * There are no loans, investments, guarantees, and security in respect of which provisions of sections 185 and 186 of the Companies Act, 2013 are applicable * The company has neither accepted any deposits from the public nor accepted any amounts which are deemed to be deposits. * Undisputed statutory dues have generally been regularly deposited with appropriate authorities. * The company has not defaulted in repayment of loans or other borrowings. * The Company has not raised any money during the year by way of initial public offer / further public offer. * No fraud by the Company or no material fraud on the Company has been noticed or reported during the year. * The managerial remuneration has been paid in accordance with the provisions of section 197 read with Schedule V to the Act. * Transactions with the related parties are in compliance with sections 177 and 188 of Companies Act, 2013 where applicable. * The company has not made any preferential allotment or private placement of shares/fully or partially or optionally convertible debentures during the year. * The company has not entered into any non-cash transactions with its directors or persons connected with its directors. * The provisions of section 45-IA of the Reserve Bank of India Act, 1934 are not applicable to the company. * Emphasis is drawn to demerger note in financial statements where the scheme was given effect from the appointed date. * Auditor's opinion: the consolidated financial statements give a true and fair view in conformity with accounting principles generally accepted in India. * Auditor's responsibility to obtain reasonable assurance that consolidated financial statements are free from material misstatement, due to fraud or error and to issue auditor’s report that includes an opinion. **Financial Highlights:** * Total assets for the group amount to ₹6,678,803,718.45 in 2023 * Total Liabilities for the group amount to ₹4,131,004,824.61 in 2023. **Key Financial Data & Ratios:** * Basic earnings per share: ₹1.85 (2023). * Diluted earnings per share: ₹1.81 (2023). * Revenue from operations ₹865,651,553.43 (2023). * Profit before tax: ₹190,964,189.48 (2023). * Total comprehensive income: ₹109,025,336.39 (2023). **Statements of Changes in Equity:** * Equity share capital: ₹595,235,388 (2023). * Other equity: ₹1,952,563,505.98 (2023). **Cash Flow Statement:** * Net cash flows from operating activities: Negative in 2023. * Net cash flows from investing activities: Negative in 2023. * Net cash flows from financing activities: Positive in 2023. * Net increase (decrease) in cash and cash equivalents: ₹289,664,086.76. **Accounting Policies & Notes:** * The consolidated financial statements are prepared in accordance with Indian Accounting Standards (Ind AS). * Financial instruments are measured at amortized cost, unless otherwise specified. * The group derecognizes financial assets on the date of assignment. * Impairment losses are assessed based on Expected Credit Losses (ECL) model. * The Group calculates ECL based on probability-weighted scenarios to measure the expected cash shortfalls, discounted at an approximation to the EIR. * All significant accounting policies are disclosed, covering areas like consolidation, revenue recognition, property, plant and equipment, intangible assets, impairments, leases, employee benefits, provisions, financial instruments, and more. **Additional Disclosures:** * Disclosures regarding the impact of pending litigations. * Details of amounts required to be transferred to the Investor Education and Protection Fund. * Information on funds advanced or loaned to intermediaries, and the ultimate beneficiaries. * A statement that no dividend has been declared or paid during the year. **Material information on Subsidiaries:** * InCred Financial Services Limited * INCRED PRIME FINANCE LIMITED * MVALU TECHNOLOGY SERVICES PRIVATE LIMITED * INCRED MANAGEMENT AND TECHNOLOGY SERVICES PRIVATE LIMITED This summary provides a high level view. For more in-depth detail please see the document output, it’s tables and disclosures.