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Mahindra Automotive
Steels Private Limited |
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Cash Flow Statement for
the year ended 31st March 2006 |
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2006 |
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|
Rs. Lakhs |
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Profit/(Loss) before tax |
|
(1,182.40) |
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|
|
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Add : Adjustment for |
|
|
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Depreciation / Amortisation |
|
534.67 |
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Amortization of expenses - DRE |
|
|
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Bad Debts /
Provision for doubtful debts/ Write off's/ Write back (Net) |
386.67 |
|
Interest (Expenses) |
|
841.49 |
|
Leave encashment |
|
4.32 |
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Gratuity |
|
7.97 |
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Diminution in value of
investment |
|
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Loss on impairment of asset |
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Diminution Provision for
Long Term Investments |
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Contingency |
|
919.23 |
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Misc Expenses Write Off |
|
20.91 |
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Sub-Total |
|
1,532.86 |
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Less : Adjustments for |
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|
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Interest / Dividend Income |
|
377.93 |
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Profit / Loss on sale of
investment |
116.77 |
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Payment towards DRE |
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(Profit) / Loss on sale of Assets |
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|
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Provision for longterm
Investment written back |
|
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Lease Rentals (Income) |
|
-
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Sub-Total |
|
494.70 |
|
Operating Profit before
Working Capital changes |
1,038.16 |
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Adjustments for |
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Trade & Other receivables |
|
(386.84) |
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Inventories |
|
646.47 |
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Trade Payables |
|
966.94 |
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Other Liabilities |
|
157.42 |
|
Loans & advances |
|
(468.26) |
|
Cash generated from
Operations |
915.73 |
|
|
|
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Adjustment for extra
Ordinary Items |
|
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Payment towards major repairs |
|
-
|
|
|
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|
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Cash Generated from
Operations after extra ordinary Items |
353,231,484.99 |
|
|
|
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Direct Taxes Paid |
|
(97.00) |
|
|
|
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Net cash from Operating
Activities |
1,856.89 |
|
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Cash flow from Investing
Activities |
|
|
Purchase of Fixed Assets |
|
(4,614.20) |
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Purchase of Investments |
|
(275.73) |
|
Advances to subsidiaries |
|
|
|
Profit / Loss on sale of
investment |
116.77 |
|
Interest Dividend received |
|
377.93 |
|
Lease Rentals Received |
|
-
|
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Net Cash from investing
Activities |
(4,395.23) |
|
|
|
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Cash Flow from Financing
Activities |
|
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Additional Capital Mobilized |
|
-
|
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Cash flow from Financing
Activities |
|
|
Repayment of Term Loans |
|
(294.75) |
|
Issue of Share Capital |
|
12,849.99 |
|
Repayment of Working
Capital Loan |
(370.24) |
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Repayment of Unsecured Loans |
|
(240.64) |
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Lease Rentals paid |
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|
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Interest Paid |
|
(841.49) |
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Net Cash from Financing
Activities. |
11,102.87 |
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Net ((Decrease)/Increase
) in Cash & Cash equivalents |
8,564.54 |
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Opening Cash / Bank Balances |
|
152.27 |
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Closing Cash / Bank Balances |
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8,716.80 |
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Difference |
0.00 |
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Notes : |
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1. The Cash Flow has been
prepared under the "Indirect method " as set out in |
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Accounting Standard 3
on Cash Flow statement issued by
Institute of Chartered |
|
Accountants of India. |
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2. Cash and cash
equivalents represents cash and bank balances only |
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3. In absence of operations in Previous Year,
there were no significant cash flow movements. |
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4. Opening balances of
demerged undertaking at Chakan Unit of Amforge Industries Ltd |
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taken over by the Company
as per Scheme of Arrangement approved by the Honourable |
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High Court, Mumbai are
considered for Cash Flow Statement. |
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As per our Report of even date |
For & on
behalf of Board of Directors |
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For B K Khare & Company |
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Chartered Accountants |
sd/- |
sd/- |
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|
Hemant Luthra |
V.K.Chanana |
|
sd/- |
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Padmini Khare Kaicker |
sd/- |
sd/- |
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Partner |
R. R.Krishnan |
Romesh Kaul |
|
Membership No. 44784 |
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|
Mumbai, April 28, 2006. |
sd/- |
sd/- |
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Nikhilesh Panchal |
Fali Mama |
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sd/- |
sd/- |
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Manoj Jain |
Payal Vyas |
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Chief Financial Officer |
Company Secretary |
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Mumbai, April 28, 2006 |
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