65 / 140
63
Cash Flow Statement
for the year ended March 31, 2013 (contd)
(
`
cr)
Particulars
2012-13
2011-12
(B) CASH FLOW FROM INVESTING ACTIVITIES
Purchase of tangible assets
(90.28)
(102.36)
Purchase of intangible assets
(2.53)
(1.86)
Capital advances
(0.74)
0.49
Investments in subsidiary companies
(1.52)
(29.04)
Investments in joint venture company
-
(3.00)
Repayments | (disbursements) of loans
(0.37)
4.73
Long-term bank deposits
0.25
0.88
Short-term bank deposits
0.91
(0.49)
6DOH RI À[HG DVVHWV
1.46
6.42
Interest received
0.90
3.32
Dividend received
3.41
1.59
Net cash used in investing activities
B
(88.51)
(119.32)
(C) CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long-term borrowings
(0.38)
20.89
Add: Exchange rate difference
(0.12)
(6.08)
Proceeds from long-term borrowings (adjusted)
(0.50)
14.81
Proceeds from short-term borrowings
(33.12)
32.30
Total proceeds from borrowings
(33.62)
47.11
Payment of Unclaimed dividend
0.06
(0.08)
Interest paid
(33.33)
(37.04)
Dividend on Equity Shares (including dividend distribution tax)
(15.45)
(15.42)
Net cash used in financing activities
C
(82.34)
(5.43)
Net change in cash and cash equivalents
A+B+C
(2.71)
(4.22)
Opening balance - cash and cash equivalents
9.19
13.41
Closing balance - cash and cash equivalents
6.48
9.19
(2.71)
(4.22)
Notes to the Cash Flow Statement for the year ended March 31, 2013:
1 The Cash Flow Statement has been prepared under the ‘Indirect Method’ set out in Accounting Standard-3
‘Cash Flow Statement’ referred to in The Companies Accounting Standard Rules, 2006.
2 In terms of Joint Venture Agreement with ‘Rajasthan Horticulture Development Society’, a Government of
Rajasthanundertaking,theCompanyhassubscribed30000sharesatpriceof
`
1000each,bytransferringtechnical
know-how (
`
3.00 cr) being non-cash consideration not considered in the above Cash FlowStatement during the
current year. In the terms of Joint Venture Agreement with ‘IB Industriechemie Beteiligungs GmbH’, the Company
had subscribed 2918750 shares at price of
`
21 each, by transferring technical know-how (
`
1.63 cr), inventory
(
`
0.26 cr), trade recievables (
`
1.24 cr) being non-cash consideration not considered in the above Cash Flow
Statement during the previous year.
As per our attached report of even date
For and on behalf of the Board of Directors
For Dalal & Shah
Firm Registration Number: 102020W
Sunil S Lalbhai
Chartered Accountants
Chairman and Managing Director
G S Patel
S S Baijal
B S Mehta
H S Shah
S Venkatesh
S M Datta
Partner
B N Mohanan
Samveg A Lalbhai
Membership Number: 037942
T R Gopi Kannan
V S Rangan
Managing Director
Mumbai
President, Finance and
R A Shah
Mumbai
May 07, 2013
Company Secretary
Directors
May 07, 2013