How has been the historical performance of the Midland Polymers?

Answer:The historical performance of Midland Polymers shows a consistent pattern in its financial metrics over the years, with some fluctuations in specific areas. Breakdown: Midland Polymers has maintained a stable share capital of Rs 13.59 crore from March 2015 to March 2023. However, total reserves have declined from Rs 0.69 crore in March 2021 to Rs 0.21 crore in March 2023. Shareholder's funds have also decreased from Rs 14.28 crore in March 2021 to Rs 13.79 crore in March 2023. Long-term borrowings have remained relatively low, with a slight decrease from Rs 0.13 crore in March 2022 to Rs 0.12 crore in March 2023. Total liabilities have decreased from Rs 22.65 crore in March 2022 to Rs 21.78 crore in March 2023, while total assets have also seen a decline from Rs 22.65 crore to Rs 21.78 crore in the same period. The company has reported no profit before tax in recent years, with cash flow from operating activities remaining at zero in March 2023, indicating challenges in generating operational cash flow. Overall, the financial data reflects a trend of declining reserves and shareholder funds, alongside stable capital structure metrics.