Comprehensive Financial Model – Niks Technology Limited

BUSINESS PLANNING | INVESTOR DOCUMENTATION | STRATEGIC CONSULTING | FINANCIAL MODEL

Ruskin Felix Consulting LLC partnered with Niks Technology Limited to draft a prospectus which contains certain conventions, use of financial information and market data and currency of financial presentation. The prospectus also emphasizes on the objects of issue, basis for issue price and statement of possible tax benefits. The prospectus provides a detailed analysis of the industry, the business, key industry regulations and policies, history of the company and certain other corporate matters, the promoters of the company and the promoter group, and the dividend policy. The prospectus sheds light on the key financial information of the company and the financial condition and results of the company. 

They started their operations way back in the year 2014 in the name of Niks Technology Private Limited. They are an IT solution services enabling company implementing standard practices and maintaining quality services across all verticals; they are committed to deliver high quality services like Digital Marketing, Software development, mobile app development, website development, moreover they provide classroom training and certification courses to students during their summer and winter breaks. This training has been provided through online and offline mode. 

They continuously evolve their services and customize their offerings as per the need of their clients. Their evaluation team ensures adaptation of the best-of-breed tools and technologies for effective Service to their clients. Niks with its foundation pillars as Innovation, Information and Intelligence is exploring indefinitely as a Technology Service Provider and as a Training Organization. Innovator of Technologies. Their company believes in the phrase “Innovation as key to future” and they have been keeping pace with modernization in all spheres of development, and marketing, emphasis on quality & client satisfaction. 

A review of operations for the period ended April 1, 2020, to January 31, 2021, reveals the following results. The total revenue is ₹27.66 Lakhs for the period from April 01, 2020, to January 31, 2021. The revenue from operations is ₹27.66 Lakhs for the period from April 01, 2020, to January 31, 2021, which consists of sale of services, tuition fees and Govt. Subsidy Received. The total expenses excluding finance cost, depreciation and tax expenses is ₹5.98 Lakhs for the period from April 01, 2020, to January 31, 2021. The cost of operations is ₹0.23 Lakhs for the period from April 01, 2020, to January 31, 2021, which is 0.83% of total revenue.

The profit before tax is ₹20.10 Lakhs which is 72.67% of total revenue. Their profit after tax was ₹14.31 Lakhs for the for the period from April 01, 2020, to January 31, 2021, which is 51.74% of total revenue. The profit before tax increased by 4756.00% to ₹11.64 Lakhs for the financial year 2019-20 from ₹ (0.25) Lakhs for the financial year 2018-19. Their profit after tax increased by 4627.78% to ₹8.15 Lakhs for the financial year 2019-20 from ₹0.18 Lakhs for the financial year 2018-19, reflecting a net increase of ₹8.33 Lakhs. 

The net cash generated from operating activities was ₹29.18 Lakhs for the period ended January 31, 2021. The operating profit before working capital changes was ₹21.68 Lakhs for the financial year 2019-20 which was primarily adjusted against increase in trade receivables of ₹3.52 Lakhs, increase in short term loans & advances of ₹1.37 Lakhs, increase in other current assets of ₹2.11 Lakhs, increase in other current liabilities of ₹18.13 Lakhs and tax payment of ₹3.62 Lakhs.

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