Gulzar Ahmad, aged 55 years is one of the founding Promoters and is currently designated as Chairman and Whole Time Director of the Company. He was appointed on the Board of the Company upon incorporation i.e. w.e.f April 09, 2008. He is undergraduate. He has vast and diversified experience in field of trading of livestock and meat export business for over 3 decades. Under his stewardship, the company has grown from a small organisation to operating multiple processing facilities and exporting to over 40 countries. He is currently responsible for overall supervision of the management and affairs of the Company including the setting up of new plants and developing industry networks for further business development. Wajid Ahmed, aged 38 years is the Managing Director of the Company. He was appointed on the Board of the Company w.e.f April 01, 2013. He has completed his Bachelor of Commerce from Dr. Bhim Rao Ambedkar University, Agra. He has more than 16 years of experience in the meat industry. He is currently responsible for overall capital expenditure items such as machinery, equipment, packaging machines etc and ensuring smooth functioning of the processing units. Gulzeb Ahmed, aged 33 years is the Whole Time Director of the Company. He was appointed on the Board of the Company w.e.f June 03, 2021. He has completed his Certificate in Planning and Entrepreneurship Course in Personnel Management and Marketing Management from The Indian Institute of Planning and Management and Bachelor of Business Administration from Dr. Bhim Rao Ambedkar University, Agra. He has over 8 years of experience in the business and is also designated as CFO in the Company w.e.f. July 08, 2021.

A. Balance Sheet

Particular (In Crore)	Mar-20	Mar-21	Mar-22	9MFY23
Equity Share Capital	3.73	3.73	47.51	47.51
Reserves	183	255	327	405
Borrowings	169	181	330	341
Trade Payables	39	68	79	86
Other Liabilities	77	64	55	70
Total Liabilities	285	313	464	497
Net Block	95	92	140	137
Capital Work in Progress	2	14	92	133
Other Assets	23	77	86	77
Total NC Assets	119	182	318	347
Receivables	117	157	290	250
Inventory	157	127	137	96
Cash & Bank	39	52	19	25
Other Assets	41	55	93	253
Face value	10	10	10	10

B. Profit & Loss Statement

Particular (In Crore)	Mar-20	Mar-21	Mar-22	Mar-23
Sales	2,373	1,707	3,083	3,161
Raw Material Cost	1,976	1,336	2,421	2,377
Change in Inventory	-64	30	-10	54
Employee Cost	76	59	106	86
Other Expenses	350	186	446	486
Other Income	44	13	56	63
Depreciation	10	8	11	9
Interest	6	4	7	10
Profit before tax	62	97	159	202
Tax	16	26	41	51
Net profit	46	72	118	151

C. Cash Flow Statement

Particular (In Crore)	Mar-20	Mar-21	Mar-22	9MFY23
Cash From Operating Activity
Profit From Operation	39	102	125	168
Receivable	211	-43	-89	46
Inventory	-64	30	-10	40
Payable	-215	29	3	7
Other WC Items	63	-14	-14	-49
Working Capital Changes	-5	3	-110	45
Direct Taxes	-13	-29	-47	-39
Net Cash Inflow from Operating Activity	20	75	-32	174
Cash from Investing Activity
Fixed assets purchased	-23	-17	-82	-49
Acquisition of companies	0	0	-36	0
Other investing items	3	-53	-25	-119
Net cash inflow from investing activities	-19	-70	-144	-168
Cash from Financing Activity
Proceeds from borrowings	37	12	148	11
Intrest paid fin	-6	-4	-6	-5
Dividends paid	0	0	0	-10
Other financing items	0	0	0	5
Net Cash Flow	32	13	-33	7

 

HMA Agro Industries Limited 18A/5/3, Tajview Crossing Fatehabad Road, Agra -282001 Phone: +91 – 7217018161 Email: cs@hmaagro.com Website: https://www.hmagroup.co/