amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Cremica Agro Foods
DRHP Status : Not Filed
19
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flow from operating activities |
|
|
|
Profit before tax |
2,147 |
-10,373 |
|
Adjustment for non-operating & non cash transactions |
|
|
|
Excess Provisions written back |
-120 |
- |
|
Balances no longer receivable written off (net) |
- |
11,445 |
|
Interest income |
-3,664 |
-3,163 |
|
Operating profit before working capital changes |
-1,637 |
-2,091 |
|
Movement in working capital: |
|
|
|
Decrease/ (increase) in current assets |
13 |
-16 |
|
Increase/ (decrease) in non-current liabilities |
- |
118 |
|
Increase/ (decrease) in Trade Payables |
110 |
- |
|
Increase/ (decrease) in Other Current Liabilities |
42 |
1 |
|
Cash generated from/ (used in) operations |
-1,472 |
-1,988 |
|
Income tax paid (net of refund) |
-375 |
-341 |
|
Net cash from/ (used in) operating activities |
-1,847 |
-2,329 |
|
Cash flows from investing activities |
|
|
|
Investment in fixed/term deposits not considered as cash and cash equivalents |
-57,000 |
-54,000 |
|
Redemption/maturity of fixed/term deposits not considered as cash and cash equivalents |
56,235 |
4,108 |
|
Interest received |
1,236 |
450 |
|
Net cash from/ (used in) investing activities |
471 |
-49,442 |
|
Net increase/ (decrease) in cash and cash equivalents |
-1,376 |
-51,771 |
|
Cash and cash equivalents at the beginning of the year |
3,815 |
55,586 |
|
Cash and cash equivalents at the end of the year |
2,439 |
3,815 |
|
Cash and cash equivalents Include: |
|
|
|
Balance with Banks |
|
|
|
In Current Accounts |
2,439 |
3,815 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Non-current assets |
|
|
|
Deferred tax assets (net) |
2,093 |
2,635 |
|
Other non-current assets |
21,500 |
21,500 |
|
Current assets |
|
|
|
Cash and cash equivalents |
2,439 |
3,815 |
|
Bank balances other than above |
59,906 |
56,713 |
|
Current tax assets (net) |
711 |
336 |
|
Other current assets |
3 |
16 |
|
Total assets |
86,652 |
85,015 |
|
Equity |
|
|
|
Equity share capital |
44,955 |
44,955 |
|
Other equity |
40,819 |
39,214 |
|
Non-current liabilities |
|
|
|
Provisions |
- |
118 |
|
Current liabilities |
|
|
|
Total outstanding dues of creditors other than micro enterprises and small enterprises |
171 |
61 |
|
Other financial liabilities |
701 |
662 |
|
Other current liabilities |
6 |
3 |
|
Provisions |
- |
2 |
|
Total equity and liabilities |
86,652 |
85,015 |
| Name | Holding |
|---|---|
| MRS. BECTORS FOOD SPECIALITIES LTD | 43.09% |
| ANOOP BECTORl | 1.12% |
| DHARAMVIR BECTORi | 1.2% |
| PUBLIC SHAREHOLDING | 54..58% |
Cremica, a name that has always stood for quality, practical and great tasting food, is fast becoming a household name in India. Its vast array of products has been carefully selected to provide the best food processing industry has to offer.
Today, Cremica is known for its unique recipes, health-oriented ingredients and state-of-the-art standards. Cremica manufactures high-quality condiments, Indian Gravies/Curries, Tomato Ketchup, Sauces, Sandwich Spreads, Mayonnaise, Sandwich Mayonnaise, Syrups, Toppings, Salad Dressings, Indian Snack dips, and Opera Crisps made with Olive Oil for retail and food service customers.
Click here to visit the official website of Cremica Agro Food
Strengths:
-
Established Industry Presence: With a history spanning over three decades, Cremica has built a reputable position in the food and beverage industry, supplying products to leading fast-food chains such as McDonald's, Pizza Hut, Domino's, and Subway. Agro & Food Processing+1The Hindu Business Line+1
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Strategic Manufacturing Facilities: The company operates multiple manufacturing units across India, strategically located to optimize production and distribution. FNB News
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Growth Initiatives: Cremica has outlined plans to invest ₹50–100 crore over the next four to five years to expand its manufacturing capacities, aiming to reach a turnover of ₹500 crore by FY24. www.slideshare.net+3Agro & Food Processing+3The Hindu Business Line+3
Weaknesses:
-
Financial Performance Concerns: For the fiscal year ending March 2023, Cremica reported a modest revenue increase of 2.23% to ₹0.32 crore. However, the company experienced a significant decline in profitability, with a net loss of ₹0.8 crore, representing a 911.9% decrease from the previous year. Company Check+1planify.in+1
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Limited Market Penetration: Despite its established presence, Cremica's retail outlet coverage is relatively limited, with 458,000 outlets in North India for biscuits and just 14,000 outlets for baked products, indicating potential for stronger market penetration. Steel City Net Trade+1CRISIL+1
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Competitive Industry Landscape: The company operates in a highly fragmented and competitive industry, facing competition from both organized national and regional players, as well as unorganized entities. Steel City Net Trade
Considerations for Unlisted Share Investment:
Investing in unlisted shares of Cremica Agro Foods Limited entails certain risks and considerations:
-
Liquidity Constraints: Unlisted shares are not traded on public exchanges, making them less liquid and potentially more challenging to sell when desired.
-
Valuation Uncertainty: Determining the fair market value of unlisted shares can be complex due to the lack of transparent market pricing.
-
Regulatory and Operational Risks: Unlisted companies may face regulatory hurdles and operational challenges that could impact financial performance and shareholder value.
+91-9599071664
amit@unlistedkraft.in