AFM Project
AFM Project
AFM Project
NAME ENROLL NO
Naman Sharma 21BSPHH01C0733
Amirah Faiz 21BSPHH01C1005
HK AISHWARYA UNGARALA 21BSPHH01C1686
SANKET MOHANTY 21BSPHH01C1080
BRIEF HISTORY
SEAT NO.
50
51
53
52
4 current liabilities
a short term borrowings 6
b trade payables 7
c other current liabilities 8
d short term provisions 9
TOTAL CURRENT LIABILITY
TOTAL ASSETS
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
Capital Reserve
Balance at the beginning of the Financial year 95.47
Addition during the Financial year 0.00
Deduction during the Financial yea 0.00
95.47
Capital Redemption Reserve
Balance at the beginning of the Financial year 48.82
Addition during the Financial year 20.00
Deduction during the Financial year 0.00
68.82
general reserve
Balance at the beginning of the Financial year 69673.90
Addition during the Financial year 21056.01
Less: Amount Utilised for Buy back of Equity shares -9980.00
Less : Amount Transferred to Capital Redemption Reserve on -20.00
Less : Tax Paid on Buy back of equity shares -2324.94
Remeasurements of the defined benefit plans through OCI 129.82
Dividend paid including Dividend Distribution Tax (DDT) 0.00
78534.79
total reserves and surplus 78699.08
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
Land_x0002_Free
Particulars hold
PARTICULARS AMOUNT
PARTICULARS AMOUNT
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
Trade Receivables
opening -246.23
recognised in p&l 0
closing -246.23
Lease Liability
opening -6.69
recognised in p&l -27.59
closing -34.28
Amalgamation Expenses
opening
recognised in p&l
closing 0
total differ tax asset -280.51
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
Raw materials 8,579.04
Packing materials 1,926.11
Work in Progress 596.56
Finished Goods 13,974.21
Stock in Trade 4,419.21
Store and spares 55.21
Total inventory 29550.34
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
PARTICULARS AS ON 31/03/21
931.57 951.57
78699.08 69818.19
79630.65 70769.76
0.00 0.00
4968.95 1600.38
829.47 533.91
0.00 0.00
100.12 568.85
5898.54 2703.14
835.84 798.49
10862.86 11321.10
15861.48 7613.15
24.71 25.58
27584.89 19758.32
113114.08 93231.22
16501.18 11510.89
192.92 234.22
759.40 366.94
9029.72 9914.81
411.78 389.65
391.56 4177.94
27286.56 26594.45
18768.00 5971.91
29550.34 24985.70
24266.38 24240.86
148.34 2628.84
4021.54 3144.67
9072.92 5664.70
85827.52 66636.68
113114.08 93231.13
OUNT
in lakhs
AS ON 31/03/20
2842.00
951.57
0.00
0.00
951.57
AS ON 31/03/20
95.47
0.00
0.00
95.47
48.82
0.00
0.00
48.82
63126.16
14146.50
0.00
0.00
0.00
-371.62
-7227.14
69673.90
69818.19
AS ON 31/03/20
1342.43
257.95
1600.38
AS ON 31/03/20
1095.33
-491.89
603.44
311.67
-128.28
183.39
786.83
-252.92
533.91
AS ON 31/03/20
496.84
72.01
568.85
AS ON 31/03/20
0.82
797.67
798.49
AS ON 31/03/20
693.34
10627.76
11321.10
AS ON 31/03/20
106.37
68.52
5587.84
231.07
0.00
1,026.14
593.21
7613.15
AS ON 31/03/20
25.58
25.58
17.48
530.08
4552.63
4814.62
0.00
9914.81
AS ON 31/03/20
-184.61
-61.62
-246.23
0.00
-6.69
-6.69
-1.72
1.72
0
-252.92
AS ON 31/03/20
15.28
11.56
362.81
0.00
0.00
389.65
AS ON 31/03/20
1,784.26
80.34
58.06
8.41
2,217.54
29.33
4177.94
AS ON 31/03/20
219.00
0.00
5752.91
5971.91
AS ON 31/03/20
7,875.38
1,547.09
689.12
11,265.37
3,535.90
72.84
24985.70
AS ON 31/03/20
24,704.52
-463.66
24,240.86
AS ON 31/03/20
216.29
102.1
2.54
2,201.54
106.37
2628.84
AS ON 31/03/20
92.37
202.3
2,600.00
545.71
-295.71
3144.67
AS ON 31/03/20
0.00
51.5
1,163.19
457.15
315.67
1,814.22
1,760.70
102.27
5664.70
INTERPRETATION
Danuka Agritech Ltd bought back 10,00,000 equity shares having face value of Rs.2 each resulting in a reduction of equity shar
company
As per theholds 4,65,78,324
statutory sharesofofbuy
requirement Rs.2back
each.
anBuy back of
amount wasRs.done as the i.e
20,00,000 company hadof
face value surplus
sharesfunds andback
bought it will enhance
mustbe the
tranfer
Rs.2000000 is reduced from general reserve and added to capital redemption reserve.
Since the buy back was made at a price of Rs 1000 per share, the premium amount 99,80,00,000 i.e. ((1000-2)x1000000) is red
profit for the year 2021, amounting to Rs.2,10,56,01,000 is added to general reserve.
Tax paid on buy back of Rs. 232494000 is reduced from general reserve
Other comprehensive income for the year 2021 is Rs.50144000, reducing previous year loss of 37162000 the company has a b
The annual reports did not disclose any dividend distribution tax as the dividend was not declared by that time. However the b
The customer security reduced by Rs.277000, indicating that customers paid off their dues and released their securities
The lease liability increased by 337134000, indicating the company has taken additional lease in the year.
The company has recognised an expense of Rs.387.14 for gratuity and Rs.226.38 for compensation absence
The company repaid all its cash credit limits from bank, however its overdrafts against pledge of FDrs increased by 4.8%
The company repaid Rs. 45824000 of its outstanding dues.
Rs.1934000 of unclaimed dividend is transferred to Investor Education and Protection Fund
The companies current liablities increased by 108%
The companies tangile assets increased due to new additions made during the year
The intangible assets of the company also increased due to charge of the intagible asset
The company diversified its investments into equity, debentures, prefernce shares, mutal funds etc, thereby reducing their ris
The company provided various loans to employees and subsidary , it also incurred bad debts of 1500000 which is adjusted aga
The company is maintaining an inventory worth Rs. 2955034000
The companies trade receivables are maintained at the same range
The cash and cash equivalents have reduced drastically by 90%
Though the outbreak of covid 19 effected the financials of many companies, it didn’t effect Dhanuka Agritech Ltd as the comp
The debt equity ratio of the company is 0.01
It has 26.44% return on networth
The current ratio is 3.11
The company enjoys 17.49% debtor turnover and 21.3% inventory tunover.
the overall financial performance of the company is satisfactory.
Right-
of_x000
2_use
Asset Total
0 ###
1,155.20 1,993.55
0 -468.12
1,155.20 ###
1,155.20 ###
3,910.11 6,478.61
-477.15 -516.89
4,588.16 ###
0.00 3,730.30
543.56 1,592.47
0.00 -143.56
543.56 5,179.21
480.93 1,474.07
-476.28 -502.64
611.64 ###
4,039.95 ###
RETATION
g in a reduction of equity share capital by 20,00,000, earlier the company held 47578324 shares of Rs. 2 each, now the
sfunds
boughtandback
it will enhance
mustbe the EPStoofcapital
tranfered the company.
redemption reserve .The transfer is made from general reserve, therefore
7162000 the company has a balance OCI of 12982000 which is added to general reserve
ed by that time. However the board of directors proposed a dividend of Rs.2 per share
eleased their securities
the year.
on absence
FDrs increased by 4.8%
nuka Agritech Ltd as the company's products are covered under essential services.
STATEMENT OF PROFIT AND LOSS (SOPL)
II Other Income 25
Total Expenses
Footnote: The Note Numbers have been kept same as Annual report for better cross-
vi) Diluted earnings per Share - the net profit or loss for the period & weighted average number of shares are
equity shares.
Note
24 Revenue From Operations
Particulars
Note
25 Other Income
Particulars
Interest Income on Financial Assets at amortised cost
Dividend Income
Rent Received
Miscellaneous Receipts
Particulars
Raw Materials
Add : Purchases
Less : Inventories at the end of the Financial
year
Cost of Raw Material Consumed (A)
Packing Materials
Inventories at the beginning of the Financial
year
Add : Purchases
Less : Inventories at the end of the Financial
year
Cost of Packing Materials Consumed (B)
(A)+(B)
Particulars
Gratuity
Compensated absences
Note
31 Depreciation and Amortization Expense
Paticulars
Particulars
Net Profit for Basic & diluted EPS (In Lacs)
(Rupees in lacs)
For the Year ended For the Year ended
Year on Year Change
March 31, 2021 March 31, 2020
138,746.87 112,007.08 26,739.79
od & weighted average number of shares are adjusted for the effects of all dilutive potential
Rupees in Lacs
1,20,465.38 94,983.67
16,736.46 15,878.24
1,37,201.84 1,10,861.91
154.22 171.78
237.76 317.77
1,153.05 655.62
1,545.03 1,145.17
1,38,746.87 1,12,007.08
- 291.1
335.87 83.58
1,129.71 380.77
9.14 9.83
39.39 360.43
252.42 -
22.84 8.91
11.37 249.53
3,370.27 2,508.84
7,875.38 4,479.71
68,645.32 54,980.10
-8,579.04 -7,875.38
67,941.66 51,584.43
1,547.09 1,742.59
8,147.42 6,464.95
-1,926.11 -1,547.09
7,768.40 6,660.45
75,710.06 58,244.88
388.5 428.03
163.44 125.26
226.38 289
249.95 244.63
11,826.69 10,522.81
43.93 43.42
1,518.00 1,635.89
47578324 47578324
- -
1000000 -
46578324 47578324
47197502.08 47578324
₹ 44.61 ₹ 29.73
₹ 44.61 ₹ 29.73
₹ 2.00 ₹ 2.00
INTER
PARTICULARS
A. CASH FLOW FROM OPERATING ACTIVITIES
Prot / (Loss) Before Tax
Adjustments for:
Depreciation, amortization and impairment expenses
Net (Gain)/Loss on Sale of Property, Plant and Equipment
Finance Costs
Interest Income
Dividend Income from Investments -
Net (Gain)/Loss on Sale of Investments
Net (Gain)/Loss on Investments measured at fair value through prot or loss
Allowance for Bad and Doubtful debts & Advances
Liabilities No Longer Required, Written Back
Forex Fluctuation on Translation of Assets & Liabilities
Net cash (used) in/ from Operating, Investing & Financing Activities
Opening balance of Cash and Cash equivalent
Closing balance of Cash & Cash equivalent
Cash and cash equivalents:-
i) Cash Balance on Hand
ii) Balance with Banks :
In Current Accounts
In Fixed Deposits -
Cheques in hand
Total
NE STATEMENT OF CASH FLOW
Rupees(In Lakhs)
For the Year ended For the Year ended Percentage Change( From
March 31, 2021 March 31, 2020 Mar 2020-Mar 2021)
291.1 -100.00%
(12661.65) (4431.97) 185.69%
10444.67 11778.19 -11.32%
2,201.54 -100.00%
2.54 -100.00%
61.31 2,522.47 -97.57%
INTERPRETATIONS
The PBT of company for year ending Mar 31 2021 is obtained by substracting total expenses from total revenue in S
The companies net cash flow from operating activities increased by 42.54% which is tremendous growth and it is ma
a) The profit before tax has grown by 57.74% which is due to increase in its sales.
b) There is an increase of 73% in its gain from sales of PPE.
c)There is a 300% rise in the gain from sale of its investment over previous year.
d) In year 2019-20 the company saw increase in its current financial assets because of loans given and in next year it
e)The other current financial liabilities rose by 205% which means company took long term loan&borrowings for inv
f)The forex fluctuatuations saw a decrease of 135% may be due to companies export/imports of products or may be
g) For the year ending Mar 31 202 the company paid other current liabilities worth 362.39 lakhs whereas the next y
of their increase in advances from customers and other statutory dues payable.
The interest paid by the company increased by 73% which may be because of its current borrowings.
The net cash used in financing activities increased by 38.75% which means company is borrowing more funds for its
The net cash used in operating,investing and financing activities is 2461.16 lakhs which means the company on who
previous year.
To verify our calculations we can check that opening and closing of cash & cash equivalents matches with our net ca
The company has significantly reduced its fixed deposit by 100% which is magnificient change in its investing approa
more returns.
REPORTS
1. Revenue from Operations (Net of Excise) increased by 24% from Rs. 1120.07 Crores in FY 2019-220 to R
2. Net profit increased by 49% from Rs. 141.47 Crores in FY 2019-20 to Rs. 210.56 Crores in FY2020-21
3. The Company reported an EPS of Rs. 44.61 in FY 2020-21 compared to Rs. 29.73 in FY 2019-20
4. Profit before tax increased by 57.74% from Rs. 180.64 Crores in FY 2019-20 to Rs. 284.94 Crores in FY 20
210.56 Crores in FY2020-21.
5. The company plans to set up a plant for manufacturing of pesticides on a plot of 137000 sq meters at da
6. The company has one completely owned subsidiary company named Dhanuka Agri solutions private lim
directors have decided to liquify it in the meeting held on 2nd February.
7. The directors have recommended a dividend @ 100% i.e., Rs 2 per equity share which has a face value o
absorb Rs 932 crore.
8. During this year the company has not transferred any amount to general reserves and has not accepted
9. The company has launched new products in the financial year 2020-2021 like Dabooch (Diclosulam 84 %
(Pretilachlor 30.7% EC), Nissodium (Cyufenamid 5% EW) and many other.
Corporate governance report
1.The Board has a combination of Executive, Non-Executive, and Woman Director. As of March 31, 2021, t
Directors, which comprises seven Independent Directors including one Woman Independent Director and
Chairman and one is the Managing Director.
2. Dhanuka's philosophy on Corporate Governance is embedded withinside the legacy of moral governanc
Business Decisions.
3. It believes that the outcome of a Good Corporate Governance depends on the enhancement of values o
direction of all stakeholders with integrity, equity, transparency, fairness, disclosure, accountability, and c
4. Unaudited Standalone, Consolidated Quarterly and Annual Audited Financial Results of the company, ar
end of the quarter.
5. The Approved Results are delivered to Stock Exchanges where Company is listed and gets published wit
Newspaper.
Auditor’s report
1. The provisions for sales returns, discounts, rebates, schemes and many other things are estimated.
2. Discounts sales and incentives are presented in standalone Ind AS financial statements , revenues from
3. It is Auditor’s responsibility to make sure that there are no mistakes in the standalone Ind AS financial
their opinions
4. The auditors perform certain steps to obtain audit evidence regarding adequacy of the internal financ
effectiveness.
Auditor’s report
1. The provisions for sales returns, discounts, rebates, schemes and many other things are estimated.
2. Discounts sales and incentives are presented in standalone Ind AS financial statements , revenues from
3. It is Auditor’s responsibility to make sure that there are no mistakes in the standalone Ind AS financial
their opinions
4. The auditors perform certain steps to obtain audit evidence regarding adequacy of the internal financ
effectiveness.
REPORTS
d had a wide distribution network of distributors and retailers which provides a touchpoint to more than 10
ding global agrochemical companies from the US, Japan and Europe.
rbicides and fungicides. Insecticides are the major contributors to the company’s overall revenue.
g this goal they have taken initiatives line increasing the farmers pay. The company’s latest innovation is
problems. This new innovation is helping the company with problems like inventory cost, the uncertainty of
ailability of products.
nagement. ICRA has rated it AA based on fund base limits and AI+ on non-fund-based limits. Its net worth as
es and manufacturing but eventually has overcome the problem. All Covid-19 protocols were followed and
ed to 41% in the FY 2020-21. The revenue from fungicides was 15% in the FY 2019-2020 it increased by 2% in
h is 1% more than the FY 2019-2020.
Director’s report:
7 Crores in FY 2019-220 to Rs. 1387.47 Crores in FY 2020-21.
.56 Crores in FY2020-21
9.73 in FY 2019-20
to Rs. 284.94 Crores in FY 2020-21.Net profit increased by 49% from Rs. 141.47 Crores in FY 2019-20 to Rs.
are which has a face value of Rs 2/- each for the year 2020-2021, which if approved by the shareholders will
tor. As of March 31, 2021, the Board consists of Fourteen Directors, out of which Eight are Non-Executive
n Independent Director and Six Executive Directors. Out of the Six Executive Directors, one is the Executive
e legacy of moral governance practices, devoted to introduction of values with the aid of taking precept
he enhancement of values of Shareholders' and permits the Company to fulfil its responsibilities in the
osure, accountability, and commitment.
l Results of the company, are approved by the Board of Directors of the Company within 45 days from the
sted and gets published within 48 hours in Financial Express i.e. English Newspaper and Hindi leading
quacy of the internal financial controls system in reference to Financial Statements and their operating
her things are estimated.
l statements , revenues from sales of products are depicted in net of returns.
standalone Ind AS financial statements due to errors or frauds and issue and auditors report which includes
quacy of the internal financial controls system in reference to Financial Statements and their operating