Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
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DIRECTOR’S U TECH DEVELOPERS REPORT LIMITED<br />
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2009<br />
PARTICULARS For the year ended<br />
31-Mar-09<br />
(Rupees)<br />
A CASH FLOW FROM OPERATING ACTIVITIES<br />
UFLEX LIMITED<br />
For the year ended<br />
31-Mar-08<br />
(Rupees)<br />
Net Profi t /(Loss) before tax<br />
Adjustment for:<br />
(68,832,443) 179,425,757<br />
Depreciation 305,927 205,689<br />
Interest & Financial Charges 53,590,353 15,602,455<br />
Interest received from banks/ others (2,521,767) 51,374,513 (4,633,736) 11,174,408<br />
Operating Profi t before Working Capital Charges<br />
Adjustment for:<br />
(17,457,930) 190,600,165<br />
Trade and other receivables (476,198,549) (1,120,306,870)<br />
Inven<strong>to</strong>ries -<br />
56,240,000<br />
Trade and other payables 35,811,239 (440,387,310) 315,996,017 (748,070,853)<br />
Cash generated from Operating Activities (457,845,240) (557,470,688)<br />
Income Tax (1,722,737) (60,992,551)<br />
Fringe Benefi t Tax (187,650) (1,910,387) (211,115) (61,203,666)<br />
Net Cash from Operating Activities (A) (459,755,627) (618,674,354)<br />
B CASH FLOW FROM INVESTING ACTIVITIES<br />
(Purchase) of fi xed assets (2,094,778) (1,535,069)<br />
Sale Proceeds of Fixed Assets 1,266,220 -<br />
(Out fl ow) on Investments (276,969,990) -<br />
Interest received from banks / others 2,521,767 4,633,736<br />
Net Cash from / (used in) Investing Activities (B) (275,276,781) 3,098,667<br />
C CASH FLOW FROM FINANCING ACTIVITIES<br />
Proceeds from Share Capital -<br />
-<br />
Additions of Borrowing (net) 788,233,780 372,500,000<br />
Interest & fi nancial Charges (53,590,353) (15,602,455)<br />
Net Cash used in Financing Activities (C)<br />
Net Increase/(Decrease) in Cash and<br />
734,643,427 356,897,545<br />
Cash equivalents (A+B+C) (388,981) (258,678,142)<br />
Opening Cash and Cash equivalents 12,207,821 270,885,963<br />
Closing Cash and Cash equivalents<br />
Note: Cash and Cash Equivalents represent Cash and Bank balance.<br />
11,818,840 12,207,821<br />
ASHOK CHATURVEDI<br />
(Direc<strong>to</strong>r)<br />
Place : New Delhi<br />
Dated : 15th June, 2009<br />
For and on behalf of the Board of Direc<strong>to</strong>rs<br />
As per our report of even date attached<br />
For CHATURVEDI & PARTNERS<br />
Chartered Accountants<br />
RASHMI CHATURVEDI<br />
(Direc<strong>to</strong>r)<br />
BASANT KUMAR<br />
(Company Secretary)<br />
R N CHATURVEDI<br />
Partner<br />
Membership No. 092087<br />
TWENTIETH ANNUAL REPORT 2008 - 2009 | 137 |<br />
S U B S I D I A R I E S
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