Transline Technologies Shares Financial Reports

Transline Technologies Shares

TRANSLINE TECHNOLOGIES LIMITED - Standalone Financial Statements for the period 01/04/2023 to 31/03/2024 **I. General Company Information** Transline Technologies Limited, incorporated on 02.02.2001 with CIN: U72900DL2001PLC109496, is engaged in IT infrastructure solutions and services, system integration, warranty management, and software application development. The standalone financial statements adhere to Indian GAAP, complying with the Companies Act, 2013. **II. Financial Highlights** * The total revenue for the financial year 2023-24 was Rs. 22847.51 Lakhs, significantly higher than the previous year's Rs. 11478.19 Lakhs. * Profit after tax (PAT) for the current year was Rs. 3558.49 Lakhs, contrasting with Rs. 1002.81 Lakhs in the prior year. * The company emphasizes growth in revenue, cost management, strategic marketing, and brand awareness campaigns to improve performance. **III. Changes in Share Capital** * The company increased its authorized share capital from Rs. 11,00,00,000 to Rs. 17,50,00,000 on 29th May 2023, and further to Rs. 25,00,00,000 on 22nd March 2024. * Paid-up share capital increased from Rs. 7,56,77,580 to Rs. 16,21,03,760 through bonus shares and private placements. * 7567758 Bonus Shares issued to shareholders (1:1 ratio) * 800,000 equity shares issued via Private Placement * 274,860 equity shares issued via Private Placement **IV. Dividends** * To maintain sufficient liquidity, the Board of Directors decided against recommending dividends for the financial year 2023-24. **V. Directors and Key Personnel** * Mr. Bhim Sain Goyal appointed as additional Independent director on 22.02.2024. * Key Managerial Personnel: * Mr. Arjun Singh Bisht - Chief Financial Officer (CFO) * Ms. Preeti Kataria - Company Secretary * The board of directors comprises 4 Directors out of which 2 directors are in the category of executive director, 1 in the category of non-executive director, and 1 is an independent director. The Chairperson of the company is the executive director. * The company is in the process of searching for candidates for appointment as Independent Director and the number of Independent Directors needed is 1 which is in compliance with the stipulated One-third of the total number of Directors. * Mrs. Amita Gupta, Director will retire by rotation at the ensuing Annual General Meeting and eligible offer herself for re-appointment. * Mr. Arun Gupta, Managing Director, and Mrs. Amita Gupta is related to each other through marriage. **VI. Corporate Social Responsibility (CSR)** * The company has a CSR Committee-approved policy implemented to manage and undertake CSR activities. The committee had formulated and recommended to the Board, the CSR Policy which was subsequently adopted by it and is being implemented by the Company. * In 2023-24, Rs. 9.70 Lakhs was spent on CSR activities, representing approximately 2% of the average net profit for the past three financial years. * Collaborative CDS program with a focus on education of children from migrant unorganized sectors and supporting animal care centers. This initiative was carried out in Collaboration with Kamdenu Mangal Parivar and Bharat Lok Shiksha Parishad. **VII. Auditors' Report** * Statutory Auditors: M/s Goyal Nagpal & Co, Chartered Accountants, were re-appointed. * The auditor's report is unqualified, with no adverse remarks, reservations, or disclaimers. **VIII. Material Changes and Commitments** * No material changes or commitments occurred between the end of the financial year and the date of the report that would affect the company's financial position. * The company has complied with the provisions of applicable Secretarial Standards issued by the Institute of Company Secretaries of India and approved by the Central Government under Section 118(10) of the Companies Act, 2013. **IX. Other Key Points** * The company follows all statutory requirements and guidelines regarding the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013. * No investments, loans, or guarantees were made during the year. * All related party transactions were at arm's length and in the ordinary course of business. * A Risk Management policy is in place to identify and mitigate business risks. * The Directors confirm compliance with Section 134(5) of the Companies Act regarding accounting standards, policies, and internal financial controls. * The company is committed to energy conservation and technology absorption for sustainable business practices. * Foreign exchange outgo was Rs. 4,67,09,037. * The company hasn’t revised its financial statements or directors’ report during the financial year under review in terms of Section 131 of the Companies Act, 2013. **X. Financial Position** * **Assets:** Total assets are Rs. 21,810.84 Lakhs, comprising non-current assets (Rs. 1,979.21 Lakhs) and current assets (Rs. 19,831.63 Lakhs). Fixed assets (tangible and intangible) amount to Rs. 1,430.9 Lakhs. * **Equity and Liabilities:** Total equity and liabilities are also Rs. 21,810.84 Lakhs, including share capital (Rs. 1,621.04 Lakhs), reserves and surplus (Rs. 6,776.62 Lakhs), non-current liabilities (Rs. 1,096.87 Lakhs), and current liabilities (Rs. 12,316.31 Lakhs). **XI. Segment Information** The company's primary lines of business are IT Infrastructure Solutions and System Integration Services

Transline Technologies Shares

Here is a comprehensive summary of the provided PDF document, meticulously capturing all crucial information, key arguments, supporting data, methodologies, findings, conclusions, and actionable insights, organized for clarity and completeness. **I. Financial Position and Performance** * **Balance Sheet Highlights (as of March 31, 2023):** * Equity and Liabilities totaled ₹8481.02 Lacs (previous year: ₹5711.87 Lacs). This includes Shareholder's funds of ₹3017.05 Lacs (previous year: ₹2014.24 Lacs) comprising Share Capital (₹756.78 Lacs) and Reserves and Surplus (₹2260.27 Lacs). Non-current liabilities were ₹808.55 Lacs (previous year: ₹1022.25 Lacs), and Current Liabilities were ₹4655.42 Lacs (previous year: ₹2675.38 Lacs). * Assets also totaled ₹8481.02 Lacs (previous year: ₹5711.87 Lacs), with Non-current assets at ₹862.62 Lacs (previous year: ₹978.50 Lacs) and Current assets at ₹7618.40 Lacs (previous year: ₹4733.37 Lacs). Key current assets include Inventories (₹1304.80 Lacs), Trade receivables (₹5152.30 Lacs), and Cash and cash equivalents (₹359.31 Lacs). * **Statement of Profit and Loss (for the year ended March 31, 2023):** * Total Income was ₹11478.19 Lacs (previous year: ₹4315.10 Lacs), with Revenue from operations comprising the majority (₹11396.82 Lacs). * Total Expenses were ₹10248.25 Lacs (previous year: ₹4233.94 Lacs), including Cost of Materials Consumed (₹9551.72 Lacs) and Employee benefits expense (₹742.47 Lacs). * Profit before tax was ₹1229.94 Lacs (previous year: ₹81.16 Lacs). * Profit for the year after tax was ₹1002.81 Lacs (previous year: ₹58.41 Lacs). * Earnings per equity share (of Rs.10/- each) were ₹13.25 (Basic and Diluted) compared to ₹0.77 in the previous year. * **Cash Flow Statement (for the year ended March 31, 2023):** * Cash Generated From Operating Activities: ₹(260.51) Lacs * Cash Generated From Investing Activities: ₹168.48 Lacs * Cash Generated From Financing Activities: ₹(84.50) Lacs * Net Decrease in cash and cash equivalents during the year was ₹(176.53) Lacs. * Cash and cash equivalents at the end of the year stood at ₹359.31 Lacs. **II. Significant Accounting Policies and Notes to Accounts** * **Corporate Information:** Transline Technologies Limited, incorporated on 02.02.2001, is engaged in IT Services, including system integration, IT infrastructure management, warranty management, and software application development and maintenance. * **Accounting Basis:** Financial statements are prepared according to Indian GAAP under the historical cost convention and comply with the Companies Act 2013. The company uses estimates in preparing the financial statements, believing them to be prudent and reasonable. * **Functional Currency:** The financial statements are presented in Indian Rupees (INR), with all amounts reported in Lacs. * **Revenue Recognition:** Revenue from IT services is recognized when the terms are enforceable, services are delivered, and collectability is reasonably assured. Revenue recognition methods vary based on the type of contract (time and material, fixed price). * **Property, Plant, and Equipment:** These are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on the written-down value method based on the useful life of the assets as prescribed in Schedule II of the Companies Act 2013. * **Intangible Assets:** Recognized when future economic benefits are probable and the cost can be measured reliably. * **Impairment of Assets:** An asset is treated as impaired when its carrying cost exceeds its recoverable value. * **Government Grants:** Recognized when there is reasonable assurance of compliance and the benefits have been earned. * **Investments:** Classified as long-term or current. Current investments are carried at the lower of cost and fair value. * **Employee Benefits:** Short-term benefits are recognized as an expense. Gratuity is provided for based on actuarial valuation. * **Borrowing Costs:** Costs are charged to the Statement of Profit and Loss unless directly related to the acquisition of qualifying assets. * **Taxation:** Tax expense includes current and deferred tax, measured using enacted tax rates. * **Provisions and Contingencies:** Provisions are recognized when there is a present obligation that can be estimated reliably and an outflow of economic benefits is probable. * **Inventories**: Inventories are stated at lower cost and net realizable value on weighted average basis. * **Cash and cash equivalents**: comprises of cash at banks and cash on hand and short-term deposits with an original maturity of three months or less. **III. Share Capital and Shareholding Pattern** * **Authorized Share Capital:** 1,00,00,000 Equity Shares of Rs. 10/- each (₹1000.00 Lacs). * **Issued, Subscribed, and Paid-Up Capital:** 75,67,758 Equity Shares of Rs. 10/- each fully paid up (₹756.78 Lacs). * **Bonus Issue:** A bonus issue was declared on December 12, 2022, in the proportion of 6 new equity shares for every 5 existing shares. * **Major Shareholders:** Arun Gupta, Amita Gupta and RKG Enterprises Pvt Ltd hold more than 5% of the equity shares. **IV. Key Financial Ratios and Regulatory Compliance** * **Key Ratios (as of March 31, 2023):** * Current Ratio: 1.62 times * Debt-Equity Ratio: 0.64 times (increase from 0.32 in the previous year). * Return on Equity Ratio: 48.89% (significant increase from 4.09% in the previous year). * Trade receivables turnover ratio: 2.75 * Net profit ratio: 8.80% * **Auditor Remuneration**: ₹2.50 Lacs * **Value of imports calculated on CIF basis**: ₹425.29 Lacs * **Earning in foreign exchange**: a) Export of goods calculated on F.O.B. basis: ₹0.00 * **Expenditure in foreign currency**: Tour and Travelling Expenses: ₹0.00 * **Disclosure u/s 186 of Companies Act-2013** Amount of Loan Given for Transline IFMI Private Limited: ₹46.93, Business Purpose, Rate of Interest 7% * **Related Party Transactions**: Disclosures provided for transactions with directors, relatives, and entities in which they are interested. * **MSMED Act Disclosure:** Disclosure provided for transactions as per Micro, Small and Medium Enterprises Development (MSMED) Act,2006. * **Statutory Information**: The company is compliant with various aspects of company law, including not having any transactions with companies struck off, not holding any Benami property, and no wilful defaulter status. **V. Contingencies and Commitments** * **Contingent Liabilities:** Performance Guarantee Bonds (₹1419 Lacs), Income Tax demand and TDS demand (₹2513 Lacs + intt). * **Derivative Transactions and Unhedged Foreign Currency Exposures:** No derivatives outstanding at the reporting date and no unhedged foreign currency exposures. **VI. Other Disclosures** * The company operates in a single business segment (IT services) and a single geographical segment. * Impact of COVID-19 has been considered in the financial statements and with improved customer sentiments the company expects robust improvements in near future. * Previous years' figures have been recast/restated where necessary to ensure comparability. This summary provides a comprehensive overview of the financial performance, position, and key disclosures of Transline Technologies Limited for the year ended March 31, 2023.