CONSOLIDATED CASH FLOW STATEMENTS FOR THE YEAR ENDED 31st MARCH 2013
( In Crores)
2012-2013 2012-2013 2011-2012 2011-2012
A CASH FLOW FROM OPERATING ACTIVITIES
Net profit before Tax 217.31 178.53
Adjustments for :          
Add :          
Depreciation 6.62 5.52
Adjustment on consolidation / Capital Reserve acquired on Merger 0.65 0.11
Interest expenses 161.63 160.62
Loss on sale of assets 0.00 -
168.90 166.25
Less:
Dividend Income 3.09 4.62
Profit on sale of assets 0.00 1.66
Prior Period Expenses / (Income) (0.12) -
Interest Income 185.56 159.72
188.53 166.00
Operating profit before working capital changes 197.68 178.78
Adjustments for :          
Less:          
(Increase)/Decrease in Trade Receivables 219.89 (136.47)
(Increase)/Decrease in Inventories (329.85) (92.62)
(Increase)/Decrease in Loans & Advances (Long term) 95.25 (270.61)
(Incerase)/Decrease in Loans & Advances (Short term) 54.14 3.62
(Increase)/Decrease in Other current Assets (2.78) (1.96)
Increase/(Decrease) in Trade Payables 45.09 3.04
Increase/(Decrease) in Long Term Provision (1.75) 0.68
Increase/(Decrease) in Other Current Liabilities 17.13 93.62
Increase/(Decrease) in Short term provision 0.91 (0.25)
98.03 (400.95)
Cash Generated from Operations 295.71 (222.16)
Less : Direct Tax paid net of Tax Refund (47.90) (40.23)
Net cash flow from Operating Activities 247.81 (262.39)
           
B CASH FLOW FROM INVESTING ACTIVITIES          
Addition to Fixed Assets (5.82) (25.68)
Additional Investments in Subsidiary (13.76) -
Stake Purchased in Associates 0.24 -
Sale of Fixed Assets 0.02 1.94
Investments in Equity -Associates - (0.24)
Investments in Equity Instruments-Others (0.00) (8.07)
Investments in Preference Shares - (5.00)
Investments in Equity Instruments of Subsidiaries Companies ( Net of cash Accruals ) - (65.33)
Investments in Preference shares of Subsidiaries Company (10.44)
Investments in Debentures (13.44) (12.77)
(Purchase ) / Sale of Investments in Mutual Fund (17.04) (9.80)
Refund of advance to Employee 's ESOP Trust 0.39 0.60
Contribution in LLP - (0.06)
Contribution of Minority in Firm/Association of Person 9.58 4.52
(Investments)/ Redemption of Fixed Deposit with Bank (24.88) 92.92
Loans & Advances (102.12) 72.02
Dividend Income 3.09 5.11
Interest Received 133.25 109.82
Net cashflow from Investing Activities (30.49) 149.54
           
C CASH FLOW FROM FINANCING ACTIVITIES          
Dividend Paid (30.43) (47.20)
Dividend Tax Paid (4.98) (7.70)
Interest paid (141.57) (162.08)
Proceeds from Borrowings ( Short Term Borrowings) (28.85) 35.53
Repayment of Long term Maturity (142.44) -
Proceeds from Borrowings (52.98) 539.16
Expenses on Issue of Debenture (23.03) -
Issue of Debenture 361.78 -
Repayment of Borrowings (202.02) (296.95)
Repayment of Borrowings-Others (61.96) -
Net cashflow from Financing Activities     (326.48)   60.76
           
Net Increase in Cash and Cash Equivalents (A+B+C) (109.16) (52.09)
Cash and cash Equivalent at the Beginning of the year 277.66 329.75
Balances with Banks in Current Account 48.89 95.98
Cheque in Hand 0.02 -
Balance with Banks in Deposit Account 117.37 179.50
Cash in Hand 0.32 0.31
Unpaid Dividend 1.72 1.44
Balance in Deposit Account as Margin money   0.18   0.43  
Cash and Cash Equivalents at the end of the year     168.50   277.66
For Haribhakti & Co. Urvi A. Piramal Rajeev A. Piramal Mahesh S. Gupta
Chartered Accountants Chairperson Vice Chairman &
Managing Director
Group Managing Director
Chetan Desai Bhavna Doshi C.M. Hattangdi Amitabha Ghosh
Partner Director Director Director
Place: Mumbai Sudhindar Khanna Bharat Sanghavi Rajshekhar Reddy
Date : 27th May 2013 Director Chief Financial Officer Company Secretary
Financial Statements
Independent Auditors’ Report
Balance Sheet
Statement of Profit and Loss
Notes to Financial Statements
Cash Flow Statement
Annexture to the Balance Sheet
Consolidated Independent Auditors’ Report
Consolidated Balance Sheet
Consolidated Profit and Loss
Notes to Consolidated Financial Statements
Consolidated Cash Flow Statement
 
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