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Cash Flow Statement
(Contd.)
For the year ended March 31, 2009
| Annual Report 2008-09
(Rs in lacs)
(C) CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from long term borrowings
3,653.26
3,594.05
Add: Exchange rate difference
(2,590.00)
1,038.00
Proceeds from long term borrowings (adjusted)
1,063.26
4,632.05
Proceeds | (repayments) of working capital loans (net)
(7,593.95)
1,176.11
Proceeds | (repayments) of unsecured borrowings (net)
(2,107.54)
1,145.14
Total proceeds from borrowings
(8,638.23)
6,953.30
Interest paid
(3,901.05)
(3,223.54)
Dividend on equity shares (including corporate dividend tax)
(1,032.04)
(1,029.03)
Net cash (used in) | flow from financing activities
(13,571.32)
2,700.73
Net change in cash and cash equivalents (A+B+C)
(5.40)
(1,506.73)
Cash and cash equivalents (opening balance)
2,335.44
3,842.17
Cash and cash equivalents (closing balance)
2,330.04
2,335.44
(5.40)
(1,506.73)
Notes to the Cash Flow Statement for the year ended March 31, 2009 :
1 The Cash Flow Statement has been prepared in accordance with the requirements of AS - 3 "Cash Flow Statement" issued by
the Institute of Chartered Accountants of India.
2 Cash and cash equivalents include balances with Scheduled Banks on Dividend accounts- Rs63.81 lacs (previous year Rs54.69
lacs), Rs Nil in margin money (previous year Rs47.41 lacs) and Rs103.72 lacs (previous year Rs103.68 lacs) as SLR on FD issued,
which are not available for use by the Company.
3 Previous year's figures have been regrouped wherever necessary to conform to this year's classification.
2008-09
2007-08
As per our attached report of even date
For and on behalf of the Board of Directors
For & on behalf of
Dalal & Shah
G S Patel
Sunil S Lalbhai
Chartered Accountants
B S Mehta
Chairman and Managing Director
H S Shah
Ashish S Dalal
T R Gopi Kannan
S M Datta
Partner
President, Finance and
B N Mohanan
Samveg A Lalbhai
Membership No 033596
Company Secretary
Directors
Managing Director
Mumbai
Mumbai
June 05, 2009
May 29, 2009
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