How has been the historical performance of the Velox Shipping?

Answer:The historical performance of Velox Shipping shows a challenging financial landscape with significant fluctuations in key metrics over the years. Breakdown: Velox Shipping's share capital remained stable at Rs 7.97 crore in both March 2024 and March 2023, a notable increase from Rs 0.35 crore in March 2022. However, total reserves have shown a negative trend, improving slightly from -0.62 crore in March 2023 to -0.44 crore in March 2024. Shareholder's funds increased to Rs 7.54 crore in March 2024 from Rs 7.36 crore in March 2023, reflecting a recovery from negative values in previous years. Long-term borrowings decreased from Rs 0.30 crore in March 2023 to Rs 0.08 crore in March 2024, while total liabilities slightly decreased to Rs 7.69 crore in March 2024 from Rs 7.77 crore in March 2023. The total assets also saw a minor decline, totaling Rs 7.69 crore in March 2024 compared to Rs 7.77 crore in March 2023. Notably, Velox Shipping reported no profit before tax for the years ending March 2024, 2023, and 2022, indicating ongoing operational challenges. Cash flow from operating activities remained at zero, with significant negative changes in working capital recorded in March 2023. Overall, the company has faced difficulties in generating profits and managing cash flow, while showing some improvement in shareholder equity and a reduction in debt levels.