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Cash Flow Statementfor the year ended 31st March, 2009076(All Figures in Rs. ‘000)Year Ended 31.03.2009 Year Ended 31.03.2008A CASH FLOW FROM OPERATING ACTIVITIESNet Profit Before Tax 505,704 502,533Adjustments for :Depreciation and Amortisation 143,203 114,045Profit on Sale of Fixed Assets (Net) (5,981) (22,960)Interest Expenses (Net) 201,244 166,137Dividend Income (1,183) (16,421)Unrealised Foreign Exchange Loss (Net) 500 500337,783 241,301Operating Profit before Working Capital Changes 843,487 743,834Adjustments for :Trade and Other Receivables (73,913) 332,133Inventories (117,593) (392,948)Loans and Advances (39,250) (22,335)Trade Payable (233,632) (170,158)(464,388) (253,308)Cash Generated from Operations 379,099 490,526Direct Taxes Paid (146,470) (185,491)Net Cash from Operating Activities 232,629 305,035B CASH FLOW FROM INVESTING ACTIVITIESPurchase of Fixed Assets (364,600) (332,892)Proceeds from Sale of Fixed Assets 26,672 83,271Interest Received 2,647 210Dividend Received 1,183 15,262Net Cash used in Investing Activities (334,098) (234,149)C CASH FLOW FROM FINANCING ACTIVITIESInterest Paid (198,322) (166,008)Proceeds from issuance of Equity Shares upon conversion of Equity Warrants - 97,845Advance received on issue of Equity Warrants - 87,815Proceeds from Long Term borrowings 200,000 -Repayment of Long Term borrowings (63,925) (60,885)Increase in Cash Credit and other short term borrowings (Net) 211,240 2,013Dividend Paid (46,755) (34,138)Net Cash from / (used in) Financing Activities 102,238 (73,358)NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS(A+B+C)769 (2,472)Cash and Cash Equivalents as at the beginning of the year (Schedule ‘I’) 2,185 4,657Cash and Cash Equivalents as at the close of the year (Schedule ‘I’) 2,954 2,185Notes :1) The above Cash Flow Statement has been prepared under the ‘ Indirect Method ‘ as set out in the Accounting Standard - 3 onCash Flow Statements.2) The Schedule referred to above forms an integral part of the Cash Flow Statement.3) Previous year’s figures have been rearranged / regrouped wherever necessary.077Financial Statements (TIL)For and on behalf of Board of DirectorsA. Mazumdar Sumit Mazumder Debashis NagChairman Vice Chairman & Managing Director Company SecretaryThis is the Cash Flow Statement referred to in our report of even date.Place : KolkataDate : 11th May, 2009.S.K.DebPartnerMembership No. - 13390For and on behalf ofPRICE WATERHOUSEChartered Accountants