Crazy Infotech (Delisted) financials and balance sheet

BSE: 524388IT - Hardware

Last traded ₹0.19 on 6 Jan 2020

Delisted on 10 Apr 2024.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Crazy Infotech annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Peak revenue ₹7.46 Cr, year to Mar 2022A loss in 6 of the 8 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin

Results for the year to Mar 2022

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue7.5
  2. Materials and goods−7.4
  3. Employee costs0.0
  4. Other expenses0.0
  5. Operating profit0.0
  6. Depreciation0.0
  7. Other income0.0
  8. One-off items0.0
  9. Finance costs0.0
  10. Profit before tax0.0
  11. Tax0.0
  12. Net profit0.0

What the company owns

  • Receivables₹4 Cr
  • Cash and bank₹0 Cr

What pays for it: net worth and liabilities

  • Owed to suppliers₹4 Cr
  • Borrowings₹1 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the years to Mar 2016 and Mar 2020.Crazy Infotech quarterly results

₹ croreMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Filed 11 JunMar 2020Mar 2021Filed 6 JulMar 2022Filed 14 Jun
Revenue from operations0.10.1––0.10.10.1–0.17.5
–0.2––––0.1–0.17.4
Materials and goods bought––––0.10.10.1–0.07.4
Employee costs–0.1––––0.0–0.00.0
Other expenses–0.1––––0.0–0.00.0
Operating profit before depreciation–−0.2––––−0.1–0.00.0
Operating margin–−290.6%––––−96.0%–5.3%0.2%
Materials, % of revenue––––––82.1%–34.1%99.0%
Employee costs, % of revenue–103.8%––––56.7%–28.7%0.5%
Other expenses, % of revenue–140.0%––––57.1%–31.9%0.4%
Depreciation and amortisation0.30.20.5–0.10.10.0–0.00.0
Operating profit after depreciation–−0.4––––−0.1–0.00.0
Other income––––––0.0–0.00.0
Finance costs–−0.4––––0.0–0.00.0
Profit before one-off items and tax−0.20.1−0.7–−0.2−0.2−0.1–0.00.0
One-off items–−10.0––––0.0–0.00.0
Profit before tax−0.2−10.0−0.7–−0.2−0.2−0.1–0.00.0
−0.1−0.1−0.1–––0.0–0.00.0
Net profit−0.1−9.9−0.6–−0.2−0.2−0.1–0.00.0
Net margin−134.5%−19,034.6%––−187.0%−184.9%−96.0%–4.0%0.1%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2014 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2013, Mar 2017 and Mar 2018: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2015: the statement does not state its revenue or finance costs, which operating profit is worked out from, so operating profit is not given.
Earlier years, Mar 2008 to Mar 2012
₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012
Revenue from operations18.411.16.02.60.1
–––––
Materials and goods bought9.84.02.11.1–
Depreciation and amortisation0.70.70.70.50.4
Profit before tax1.60.10.0−0.2−0.2
Tax0.50.10.0−0.1−0.1
Net profit1.10.00.0−0.2−0.1
Net margin5.9%0.4%0.3%−6.8%−107.3%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Filed 11 JunMar 2020Mar 2021Filed 6 JulMar 2022Filed 14 Jun
−0.81–−0.80−0.80
Share capital6.69–6.696.69
Reserves−7.51–−7.50−7.49
Borrowings0.95–0.000.95
0.01–0.013.98
0.95–0.950.95
Total assets0.14–0.164.13
Assets held for longer than a year0.00–0.000.00
0.14–0.164.13
Net debt0.95–0.000.95
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2021Filed 6 JulMar 2022Filed 14 Jun
0.000.00
0.000.00
0.00−0.01
Receivables−0.01−3.97
Payables0.003.96
Other working capital0.000.00
Tax paid0.000.00
Capital spending0.000.00
Free cash flow0.000.00
Cash from investing0.000.00
Cash from financing0.000.00
Dividends paid0.000.00
Shares bought back0.000.00
Shares issued0.000.00
Net change in cash0.000.00
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2013, Mar 2014, Mar 2015, Mar 2017, Mar 2018 and Mar 2019.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Filed 11 JunMar 2020Mar 2021Filed 6 JulMar 2022Filed 14 Jun
Earnings per share−₹0.02−₹1.48−₹0.09–−₹0.03−₹0.03––₹0.01₹0.01
Diluted earnings per share−₹0.02−₹1.48−₹0.09–−₹0.03−₹0.03––₹0.01₹0.01
Market cap at the year end (₹ crore)–1.070.94–––1.27–––
Earnings per share is left blank for the year to Mar 2019: the earnings per share is stated as 0 while the period's profit or loss comes to at least half a paisa a share, so the 0 stands in for a figure the filing does not give.

Ratios

Standalone, years to March.

RatioMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Filed 11 JunMar 2020Mar 2021Filed 6 JulMar 2022Filed 14 Jun
Revenue growth−29.3%−40.2%–––−3.3%−37.8%––5,844.2%
Operating profit growth–––––––––80.2%
Net profit growth–––––––––81.5%
Earnings per share growth–––––––––0.0%
––––––8.7%–−0.6%−1.1%
–––––––––−0.5 pts
From the net margin–––––––––0.6 pts
From asset turnover–––––––––−0.1 pts
From borrowing–––––––––−1.0 pts
Return on capital employed––––––−52.8%––7.9%
Cash conversion––––––––21.6%−3.3%
Receivable days––––––693–446202
Inventory days––––––0–00
Payable days––––––0–0195
Cash conversion cycle, days––––––693–4467
Working capital days––––––661–4057
Asset turnover––––––0.52–0.803.48
Assets per rupee of net worth––––––−0.17–−0.20−2.67
Interest cover is left blank for the year to Mar 2014: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2019, Mar 2021 and Mar 2022: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the year to Mar 2021: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the years to Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2022.

Return on assets, latest year
0.4%
Cash from operations against operating profit
−2.5%
Measure10 years5 years3 years
Revenue growth, yearly rate50.8%127.3%365.4%
Return on equity, average––−0.9%
Operating margin, average––2.7%
Net margin, average–−69.2%2.0%
Asset turnover, average––2.14
Cash conversion cycle, days, average––227

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2022.

₹ croreLatest year
Cash from operations0.00
Cash from investing0.00
Cash from financing0.00
Capital spending0.00
Dividends paid0.00
Shares bought back0.00
Shares issued for cash0.00
Borrowings raised0.00
Borrowings repaid0.00

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2019Mar 2020Mar 2021Mar 2022
Altman Z-scorePublished threshold 1.1−171.44–−149.65−5.82
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–––0.43
Receivables growth less revenue growthOur threshold 0 percentage points–––−3,256.70
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–––0.00
Effective tax ratePublished threshold 17.16 per cent––25.5325.00
Tax charged less tax paid, % of profitOur threshold 10 percentage points–––0.00
A threshold marked as ours has no published figure; it is the line we read the check against.