Financial Year: 2023
SPRAY ENGINEERING DEVICES LIMITED - Financial Statements Summary:
This document contains the standalone financial statements for SPRAY ENGINEERING DEVICES LIMITED for the period 01/04/2022 to 31/03/2023. The values are expressed in Lakhs of INR unless otherwise specified.
General Information:
Principal Products/Services:
Holding, Subsidiary & Associate Companies:
Directors Report:
Financial Performance (Standalone - Rupees in Lakhs):
| Particulars | 2022-23 | 2021-22 | | :-------------------------------- | :------ | :------ | | Revenues from Operations (Net) | 39194 | 21445 | | Other Income | 143 | 117 | | Total Revenue | 39337 | 21562 | | Cost of Raw Material consumed | 25456 | 14685 | | Decrease/(Increase) in Inventory | (758) | (611) | | Employee Benefit Expenses | 3926 | 2803 | | Other Expenses | 5085 | 2423 | | EBITDA | 5628 | 2262 | | Depreciation and Amortization expenses | 286 | 214 | | Finance Cost | 805 | 506 | | Prior Period Item | | 37 | | Profit/ (Loss) before Tax | 4536 | 1505 | | Tax Expense | 1232 | 1240 | | Profit after Tax | 3304 | 1505 |
The company has consistently applied accounting policies.
Total revenue increased significantly from Rs. 215.62 Crores to Rs. 393.37 Crores.
Turnover increased significantly to Rs. 393.37 Crores.
The company has executed many projects related to Sale of Sugar Machineries and Low Temperature Evaporator/MVR.
Additional Notes:
The Company did not transfer any amount to the General Reserves or the Investor Education & Protection Fund during the year.
Authorized Share Capital increased to Rs. 4,000 Lakhs.
The company is having adequate risk management system.
The company is compliant with Secretarial Standards during the financial year under review.
No Loan, Investment, Guarantee or Security has been given in excess of the limits provided in Section 186 of Companies Act 2013.
The Number of Loans which are outstanding has not been given as of 31.03.2023.
7 Audit committee meeting was held on 16th September, 2022.
The sitting fees of Rs. 10,000/- was paid to the Independent directors for their attendance at the Audit Committee meeting.
There are no qualifications, reservations, adverse remarks or disclaimers made by auditors in the auditor's report.
M/s Ashwani K. Gupta & Associates, Chartered Accountants, Panchkula were appointed as the Statutory Auditors of the Company for the period of 5 years starting from the year 2021-22.
There are no significant and/or material orders passed by any regulators/courts/tribunals impacting the going concern status and company's operations in future.
The Company formulated the Risk management policy as per the Section 134(3)(n) & Section 177(4)(vii) of the Companies Act, 2013.
This summary provides a comprehensive overview of the financial standing and activities of SPRAY ENGINEERING DEVICES LIMITED for the specified period.
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