Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.

DIRECTOR’S FLEX AMERICAS REPORT S.A. DE C.V.
Cash Flow Statement for the year ended 31 March 2009
UFLEX LIMITED
For the Year Ended 31st March 2009 For the Period Ended 31st March 2008
Notes
(Amount in MXP) (Amount Rs in Lacs) (Amount in MXP) (Amount Rs in Lacs)
A Cash fl ows from
operating activities
Net profi t for the year
Adjustments for:
(41,402,844.42) (1,461.51) (525,171.41) (18.54)
Depreciation 204,704.34 7.22 15,899.22 0.56
Exchange Rate Fluctuation (19,670,177.03) (694.36) -
-
Finance cost
Interest Received
38,070,535.07 1,343.89 250.32 0.01
From Banks
Provision for staff end
(837,658.97) (29.57) (23.00) -
of service benefi ts
Operating profi t before working
- 17,767,403.41 - 627.18 - 16,126.54 - 0.57
capital changes
(Increase)/Decrease
(23,635,441.01) (834.33) (509,044.87) - (17.97)
in inventories
(Increase)/Decrease in
(80,340,181.67) (2,836.02) -
-
trade & other receivables
(Increase)/Decrease in
(36,516,529.34) (1,289.03) (746,732.94) (26.36)
prepayments
Increase/(Decrease) in
-
-
-
-
trade and other payables
Increase/(Decrease) in capital
62,056,061.07 2,190.58 5,920,886.27 209.01
creditors
Cash generated from/
100,374,343.61 45,573,693.67 3,543.21 1,608.74 90,678.92 5,264,832.25 3.20 185.85
(used in) operations 21,938,252.66 774.41 4,755,787.38 - 167.88
Income Tax Paid -
-
-
-
Exchange Rate Fluctuation
Net Cash from operating
19,670,177.03 19,670,177.03 694.36 694.36 -
- - -
activities
B. Cash fl ows from
investing activities
Payments for purchase of fi xed
41,608,429.69 1,468.77 4,755,787.38 167.88
assets
Interest Received
(533,117,162.53) (18,819.04) (1,209,472.62) (42.69)
From Banks
Net Cash used in
837,658.97 29.57 23.00 -
Investing Activities (B)
C. Cash fl ows from
fi nancing activities
Share capital & application
(532,279,503.56)
(18,789.47) (1,209,449.62) (42.69)
money introduced 322,974,087.31 11,400.99 500,000.00 17.65
Proceeds from term loan 246,379,463.42 8,697.20 -
-
Finance cost paid
Net cash from/ (used in)
(38,070,535.07) (1,343.89) (250.32) (0.01)
fi nancing activities
Net increase/(decrease) in cash
531,283,015.66 18,754.30 499,749.68 17.64
and cash equivalents
Cash and cash equivalents at
40,611,941.79 1,433.60 4,046,087.44 142.83
beginning of year
Cash and cash equivalents at
4,046,087.44 142.83 - -
end of year 17 44,658,029.23 1,576.43 4,046,087.44 142.83
The accompanying notes 1 to 25 form an integral part of these fi nancial statements.
Approved by the Shareholder Company on 15th June 2009 and signed on its behalf by:
PRADEEP TYLE P.L. SIRSAMKAR
Director Director
TWENTIETH ANNUAL REPORT 2008 - 2009 | 121 |
S U B S I D I A R I E S