Sambhv Steel Unlisted Shares Financial Reports

Sambhv Steel Unlisted Shares

Here is a comprehensive summary of the provided PDF document: **Overview** The document is a provisional balance sheet and statement of profit and loss for Sambhv Steel Tubes Private Limited (formerly known as Sambhv Sponge Power Private Limited) for the year ended March 31, 2024, with comparative figures for the year ended March 31, 2023. It includes detailed information on equity and liabilities, assets, income, expenses, cash flow, and significant accounting policies. **I. Equity and Liabilities** * **Shareholder's Funds:** Increased significantly, driven by an increase in share capital from ₹20,09,03,000.00 to ₹2,41,00,20,000.00 and reserves and surplus from ₹1,91,03,92,788.28 to ₹2,03,05,15,316.54. * **Non-Current Liabilities:** Long-term borrowings increased from ₹1,69,63,20,280.47 to ₹1,82,91,55,714.54. Deferred tax liability increased from ₹14,31,58,970.00 to ₹18,47,32,496.00. * **Current Liabilities:** Short-term borrowings decreased from ₹96,36,59,058.20 to ₹88,48,95,588.39. Trade payables increased substantially from ₹19,97,46,415.67 to ₹72,86,22,036.70. Other current liabilities increased from ₹21,45,21,119.09 to ₹48,22,48,240.55. Short term provisions decreased from ₹27,91,245.17 to ₹8,13,78,067.71. * **Total Equity and Liabilities:** Increased from ₹5,33,14,92,876.88 to ₹8,63,15,67,460.43 **II. Assets** * **Non-Current Assets:** Property, Plant & Equipment (Tangible Assets, Intangible Assets, and Capital-work-in-progress) increased from ₹2,91,79,81,821.35 to ₹2,93,37,04,784.74, with a significant increase in Capital-work-in-progress. Long-term loans and advances increased significantly from ₹8,75,58,428.90 to ₹45,93,83,767.00. * **Current Assets:** Inventories increased from ₹1,41,44,69,942.52 to ₹1,48,03,06,597.39. Trade receivables and others increased substantially from ₹17,19,04,944.34 to ₹52,56,18,811.88. Cash and cash equivalents decreased from ₹3,38,05,469.09 to ₹3,18,15,016.70. Short-term loans and advances increased from ₹48,94,08,074.82 to ₹88,92,58,174.23. * **Total Assets:** Increased from ₹5,33,14,92,876.89 to ₹8,63,15,67,460.43. **III. Statement of Profit & Loss** * **Income:** Revenue from operations increased significantly from ₹9,36,27,27,004.97 to ₹12,86,71,71,859.79. Other income also increased from ₹5,17,20,371.71 to ₹6,33,40,086.92. Total revenue increased from ₹9,41,44,47,376.68 to ₹12,93,05,11,946.71. * **Expenses:** Cost of raw materials and stores consumed increased from ₹6,92,11,84,576.54 to ₹8,60,66,39,809.16. Purchase of trading goods increased from ₹56,91,88,934.10 to ₹1,06,26,24,257.11. Employee benefits expense increased from ₹36,76,36,071.72 to ₹50,45,03,519.15. Other expenses increased from ₹66,08,41,174.96 to ₹1,24,74,80,910.57. Financial costs increased from ₹21,73,79,013.84 to ₹30,25,33,224.21. Depreciation and amortization expense increased from ₹15,92,03,186.52 to ₹21,09,44,679.62. * **Profit Before Tax:** Profit before tax increased from ₹81,97,62,279.77 to ₹1,11,87,00,141.89. * **Tax Expense:** Tax expense increased, comprising deferred tax liabilities/assets, current tax, and tax related to earlier years. * **Profit for the Period:** Profit for the period increased from ₹60,26,71,489.65 to ₹82,55,27,028.26. * **Earnings per Share:** Increased from ₹30.00 to ₹41.09. **IV. Cash Flow Statement** * **Cash Flow from Operating Activities:** Net cash from operating activities increased significantly from ₹84,17,32,139.93 to ₹1,36,43,30,547.53. * **Cash Flow from Investing Activities:** Net cash from investing activities reflects a significant outflow, increasing from -₹86,13,56,227.51 to -₹2,62,15,72,239.96, primarily due to increase in fixed assets. * **Cash Flow from Financing Activities:** Net cash from financing activities shows a significant increase, going from ₹3,87,05,900.40 to ₹1,25,52,51,240.05, mainly from proceeds from issuance of share capital and long term loan. * **Net Increase in Cash and Cash Equivalents:** Cash and cash equivalents decreased slightly. **V. Key Notes to Financial Statements** * **Share Capital:** The authorized share capital is ₹2,50,00,00,000.00, divided into 25,00,00,000 equity shares of ₹10 each. Issued, subscribed, and paid-up capital increased significantly due to fresh issues and bonus issues. * **Reserves and Surplus:** Details of surplus in the statement of profit and loss and securities premium account are provided, with adjustments for depreciation, bonus issues, and retained earnings. * **Long Term Borrowings:** Details of secured and unsecured loans, including term loans from various banks, GECL loans, and vehicle loans are specified. Secured borrowings constitute the majority. * **Deferred Tax Liability:** Deferred tax liability relates to depreciation. * **Short Term Borrowings:** Details of cash credit limits from various banks and current maturity of long-term debts are provided. * **Trade Payables:** Breakdown of outstanding dues to MSME and other creditors is detailed. * **Other Current Liabilities:** Details include advances from customers, expenses payable, statutory liabilities, and sundry creditors. * **Short Term Provisions:** Primarily relates to income tax and surcharge payable. * **Long Term Loans & Advances:** Security deposits and fixed deposits with maturity more than 12 months. * **Inventories:** Breakdown of raw materials, consumable stores, finished goods, and trading goods is given, valued at the lower of cost and net realizable value. * **Trade Receivables and Other Assets:** Trade receivables are categorized as outstanding for more than six months and other receivables. * **Cash and Cash Equivalents:** Includes cash in hand and balances with scheduled banks in current accounts. * **Short Term Loans and Advances:** Includes advances to suppliers, staff, and for income tax, as well as interest receivable and FDRs. * **Revenue from Operations:** Sales of finished goods, by-products, raw materials, and trading goods are detailed. * **Other Income:** Includes interest income, sales of transportation services, rent, freight, income from job work, incentives for exports, income from investments, and foreign exchange fluctuation loss. * **Cost of Raw Materials Consumed:** Details the opening inventory, purchases, and closing inventory of raw materials. * **Employee Benefit Expenses:** Includes salary and wages, contributions to EPF and ESIC, and gratuity expenses. * **Other Expenses:** Details direct, administrative, and selling expenses are provided. * **Financial Cost:** Breakdown of bank charges and interest on various loans. **VI. Overall Financial Position and Performance** The company experienced substantial growth in revenue and profit during the year ended March 31, 2024. The increase in share capital suggests significant investment and expansion activities. There was an increase in Trade Receivables. While Revenue has increased, so has Expenses. **VII. Key Observations & Potential Considerations** * The significant increase in trade payables warrants further investigation to understand the company's payment terms and supplier relationships. * The rise in capital-work-in-progress indicates ongoing or planned expansion. * Increase in Trade receivables may warrant further investigation to understand the payment terms. * Increased expenses need to be looked at for optimization.

Sambhv Steel Unlisted Shares

Here is a comprehensive summary of the provided PDF document: **Overview** The PDF presents the audited financial statements of Sambhv Sponge Power Pvt. Ltd. for the financial year 2022-23. The report includes an independent auditor's report from ADB & Company, Chartered Accountants, along with the balance sheet, statement of profit and loss, cash flow statement, and detailed notes on accounts. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. **Independent Auditor's Report** * **Opinion:** ADB & Company expressed an opinion that the financial statements give a true and fair view of the state of affairs of Sambhv Sponge Power Pvt. Ltd. as of March 31, 2023, and its financial results and cash flows for the year ended on that date, in conformity with accounting principles generally accepted in India. * **Emphasis of Matter:** Attention is drawn to note 2.27, regarding Employee Benefits where no provision has been made in the books for post employment and other long-term benefits; however, the auditor's opinion is not modified in this matter. * **Responsibilities of Management:** The Board of Directors is responsible for preparing and presenting financial statements that give a true and fair view, maintaining adequate accounting records, and implementing internal financial controls. * **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. They also communicated findings to those charged with governance. * **Report on Other Legal and Regulatory Requirements:** Annexure A provides a statement on matters specified in paragraphs 3 and 4 of the Companies (Auditor’s Report) Order, 2020. The auditor also reported that proper books of account have been kept, the financial statements comply with accounting standards, and none of the directors are disqualified. Internal financial controls are addressed in a separate report in Annexure B. The company does not have any pending litigations impacting its financial position or long-term contracts with material foreseeable losses, and no amounts required transfer to the Investor Education and Protection Fund. * **Other Key Points:** * The management has represented that no funds have been advanced, loaned, or invested to any other person or entity with any understanding that the intermediary would further lend or invest. * The company has not declared/paid any dividend during the year. **Annexure B: Report on Internal Financial Controls** * The auditor provided an opinion on the internal financial controls over financial reporting, stating that the company maintained an adequate internal financial controls system that was operating effectively as of March 31, 2023. **Financial Statements Highlights (amounts in Lacs INR unless otherwise specified):** * **Balance Sheet (as at March 31, 2023):** * **Equity and Liabilities:** * Shareholder's Funds: ₹21,112.96 (Share Capital: ₹2,009.03, Reserves and Surplus: ₹19,103.93) * Non-Current Liabilities: ₹18,394.79 (Long-Term Borrowings: ₹16,963.20, Deferred Tax Liability: ₹1,431.59) * Current Liabilities: ₹13,807.18 (Short-Term Borrowings: ₹9,739.78, Trade Payables: ₹1,894.27, Other Current Liabilities: ₹2,145.21, Short Term Provisions: ₹27.91) * **Total Equity and Liabilities: ₹53,314.93** * **Assets:** * Non-Current Assets: ₹32,219.05 (Tangible Assets: ₹29,179.82, Intangible Assets: ₹12.82, Capital Work-in-Progress: ₹2,150.83, Long Term Loan & Advances: ₹875.58) * Current Assets: ₹21,095.88 (Inventories: ₹14,144.70, Trade Receivables: ₹1,719.05, Cash and Cash Equivalents: ₹338.05, Short-Term Loans and Advances: ₹4,213.95, Other Current Assets: ₹680.13) * **Total Assets: ₹53,314.93** * **Statement of Profit and Loss (for the year ended March 31, 2023):** * **Income:** * Revenue from Operations: ₹93,627.27 * Other Income: ₹517.20 * **Total Revenue: ₹94,144.47** * **Expenses:** * Cost of Raw Materials & Stores Consumed: ₹69,211.85 * Purchase of Trading Goods: ₹5,691.89 * (Increase) / Decrease in inventories of Finished Goods: ₹(3,023.98) * Employee Benefits Expenses: ₹3,676.36 * Other Expenses: ₹6,608.41 * Financial Costs: ₹2,173.79 * Depreciation and Amortization Expense: ₹1,592.03 * **Total Expenses: ₹85,930.35** * Profit Before Tax: ₹8,197.62 * Tax Expense: ₹2,170.91 * **Profit for the Period: ₹6,026.71** * **Cash Flow Statement (for the year ended March 31, 2023):** * Net Cash from Operating Activities: ₹8,417.32 * Net Cash from Investing Activities: ₹(8,613.56) * Net Cash from Financing Activities: ₹387.06 * Net Increase in Cash & Cash Equivalent: ₹190.82 * Cash & Cash Equivalent at End of Period: ₹338.05 **Key Accounting Policies:** * Financial statements are prepared under the historical cost convention, in accordance with generally accepted accounting principles in India. * Revenue is recognized when services are rendered or related cost is incurred. Revenue from sale of goods is recognised upon delivery, when title passes to the customer. * Property, Plant & Equipment are stated at cost of acquisition or construction, less accumulated depreciation/amortization. * Inventories are valued at cost or Net Realizable Value, whichever is lower (on FIFO basis). * Borrowing costs are expensed as incurred, except where directly attributable to qualifying assets, in which case they are capitalized. **Other Key Information:** * Details of long-term borrowings, short-term borrowings, trade payables, and related-party transactions are disclosed. * The company identified Iron & Steel as its sole business segment. * Contingent liabilities and capital commitments are disclosed. * Analytical ratios (Current Ratio, Debt-Equity Ratio, etc.) are provided, along with explanations for variances between 2023 and 2022. * Corporate Social Responsibility: The company spent ₹105.93 Lacs on CSR activities against a requirement of ₹105.17 Lacs.

Sambhv Steel Unlisted Shares

Sambhv Sponge Power Private Limited Financial Statement Summary: **Balance Sheet (as of March 31, 2022):** The company's equity and liabilities totaled ₹45,819.45 Lacs, a significant increase from ₹27,031.69 Lacs in the previous year. * **Shareholder's Funds:** Consisted of Share Capital (₹2,009.03 Lacs) and Reserves and Surplus (₹13,077.21 Lacs), which grew substantially from ₹5,784.91 Lacs. * **Non-Current Liabilities:** Included Long-Term Borrowings (₹13,663.36 Lacs) and Deferred Tax Liability (₹1,000.33 Lacs). * **Current Liabilities:** Comprised Short-Term Borrowings (₹10,478.78 Lacs), Trade Payables to Micro and Small Enterprises (₹81.33 Lacs) and to other creditors (₹2,024.78 Lacs), Other Current Liabilities (₹2,284.50 Lacs), and Short Term Provisions (₹1,200.14 Lacs). The company's assets also totaled ₹45,819.45 Lacs, matching the equity and liabilities. * **Non-Current Assets:** Primarily consisted of Property, Plant & Equipment (Tangible Assets: ₹23,492.75 Lacs, Intangible Assets: ₹18.73 Lacs, and Capital-work-in-progress: ₹1,669.63 Lacs) and Long Term Loan & Advances (₹587.86 Lacs). * **Current Assets:** Included Inventories (₹12,151.27 Lacs), Trade Receivables and Others (₹1,567.64 Lacs), Cash and Cash Equivalents (₹147.24 Lacs), and Short-Term Loans and Advances (₹6,184.32 Lacs). **Statement of Profit & Loss (for the year ended March 31, 2022):** The company's total revenue was ₹82,604.69 Lacs, significantly higher than the previous year's ₹48,015.93 Lacs. * **Revenue:** Revenue from Operations accounted for ₹81,938.85 Lacs, and Other Income was ₹665.83 Lacs. * **Expenses:** Total expenses amounted to ₹72,792.26 Lacs, including Cost of Raw Materials & Stores Consumed (₹64,636.52 Lacs), Purchase of Trading Goods (₹1,354.38 Lacs), (Increase)/Decrease in inventories of Finished Goods (₹-2,818.72 Lacs), Employee Benefits Expense (₹2,043.93 Lacs), Financial Costs (₹1,822.10 Lacs), Depreciation and Amortization Expense (₹1,007.63 Lacs), and Other Expenses (₹4,746.42 Lacs). * **Profit Before Tax:** Profit Before Tax was ₹9,804.15 Lacs. * **Tax Expense:** The total tax expense was ₹2,511.84 Lacs, including Deferred Tax Liabilities/(Assets) (₹468.27 Lacs), Current Tax (Income Tax & Surcharge) (₹1,999.76 Lacs), and Tax Related to Earlier Years (₹43.81 Lacs). * **Profit for the Period:** The profit for the period was ₹7,292.31 Lacs, a substantial increase from ₹3,308.45 Lacs in the previous year. * **Earnings Per Share:** The Basic & Diluted earnings per share was ₹36.30. **Cash Flow Statement (for the financial year ended March 31, 2022):** * **Cash Flow from Operating Activities:** Net cash from operating activities was ₹3,115.88 Lacs. * **Cash Flow from Investing Activities:** Net cash used in investing activities was ₹(9,571.05) Lacs, largely due to increases in fixed assets. * **Cash Flow from Financing Activities:** Net cash from financing activities was ₹6,521.97 Lacs. * **Net Increase in Cash & Cash Equivalent:** The net increase in cash and cash equivalents was ₹66.79 Lacs. * **Cash and Cash Equivalents at End of Period:** The cash and cash equivalents at the end of the period totaled ₹147.24 Lacs, consisting of cash in hand (₹4.00 Lacs) and balance with scheduled banks (₹143.23 Lacs).

Sambhv Steel Unlisted Shares

Sambhv Sponge Power Private Limited's financial position as of March 31st, 2021, is summarized in three audited financial statements (Balance Sheet, Profit & Loss Statement, and Cash Flow Statement). **Balance Sheet:** The balance sheet shows a total equity and liabilities and total assets of ₹2,70,31,68,617.18 as of March 31, 2021, compared to ₹2,04,26,58,016.77 as of March 31, 2020. * **Equity and Liabilities:** Shareholder's funds increased significantly, with reserves and surplus rising from ₹24,76,45,746.35 to ₹57,84,90,657.82. Non-current liabilities, primarily long-term borrowings, increased from ₹87,96,95,644.08 to ₹1,17,10,16,590.51. Current liabilities decreased from ₹78,30,88,738.34 to ₹69,95,52,463.85, driven by reductions in short-term borrowings and trade payables. * **Assets:** Non-current assets, mainly property, plant, and equipment (PPE), remained relatively stable at ₹1,13,79,86,769.48 (tangible assets) compared to ₹1,12,01,44,532.49 in the previous year. Current assets decreased from ₹85,67,07,122.44 to ₹86,51,21,291.69, with a notable decrease in inventories from ₹42,09,97,236.69 to ₹35,47,84,655.42. **Statement of Profit & Loss:** The statement of profit and loss for the year ended March 31st, 2021, shows a significant increase in revenue and profit. * **Income:** Revenue from operations nearly doubled, increasing from ₹2,43,40,81,751.00 to ₹4,79,04,55,750.45. Total revenue increased to ₹4,80,15,93,225.00 from ₹2,43,72,34,163.16. * **Expenses:** Total expenses increased substantially from ₹2,30,91,77,611.63 to ₹4,36,41,63,802.53, primarily driven by a significant increase in the cost of raw materials and stores consumed. Employee benefits expense also increased considerably. * **Profitability:** Profit before exceptional and extraordinary items and tax increased significantly from ₹12,80,56,551.53 to ₹43,74,29,422.47. After accounting for tax expenses, the profit for the period increased substantially from ₹11,90,09,443.53 to ₹33,08,44,911.47. Earnings per equity share increased from ₹6.02 to ₹16.47. **Cash Flow Statement:** The cash flow statement provides insights into the company's cash inflows and outflows during the year. * **Operating Activities:** Net cash from operating activities showed a substantial increase from a negative ₹10,625,785.77 to a positive ₹519,230,459.80. This was largely due to an increase in operating profit before working capital changes. * **Investing Activities:** Net cash used in investing activities remained significantly negative, moving from (₹449,543,906.81) to (₹568,864,017.45), due to investments in fixed assets. * **Financing Activities:** Net cash from financing activities decreased from ₹503,641,966.06 to ₹62,653,045.51. Proceeds from the issuance of share capital are not present in the current year, whereas there were ₹30,000,000.00 in the previous year. There were decreases in secured and unsecured long-term loans, as well as cash credit loans. * **Overall Cash Position:** The net increase in cash and cash equivalents was ₹13,019,487.86, resulting in a cash and cash equivalent balance of ₹70,823,999.09 at the end of the period, compared to ₹57,804,511.23 at the beginning.