INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

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Cash Flow Statement for the year ended 31st March, 2001(Rupees in Crores)PARTICULARS 2000-01 1999-00A CASH FLOW FROM OPERATING ACTIVITIESNet Profit before tax & extra-ordinary items 74.17 58.58Adjustments for :Depreciation 69.15 71.52Marketing & Technical know-how written-off 3.93 0.98Foreign Exchange Loss — 0.06Interest Expenses 74.69 74.24Loss on Fixed Assets sold 0.71 1.16Profit on Sale of Investments (5.28) (18.15)Interest Income (11.17) (21.44)Dividend Income (4.56) 127.47 (5.13) 103.24OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 201.64 161.82Adjustments for:Decrease/(Increase) in trade and other receivables (14.10) 14.86Decrease/(Increase) in inventories (9.80) (56.36)Increase/(Decrease) in trade and other payables (7.13) (31.03) 48.02 6.52CASH GENERATED FROM OPERATIONS 170.61 168.34Income Taxes paid (11.25) (11.15)NET CASH FROM OPERATING ACTIVITIES 159.36 157.19B CASH FLOW FROM INVESTING ACTIVITIESProceeds from Sale of Fixed Assets 2.31 4.53Proceeds from Sale of Assets held for disposal 23.49 —Proceeds from Sale/Redemption of Investments 147.34 325.49Interest Received 13.07 27.71Dividend Received 4.56 5.13Decrease in Advances to third parties 31.50 138.70Purchase of Fixed Assets (23.75) (38.80)Purchase of Investments (58.92) (207.61)Investment in equity of subsidiary @ (82.80) (3.70)Acquisition of Madura Garments Division @ —- (166.11)NET CASH (USED IN)/FROM INVESTING ACTIVITIES 56.80 85.34C CASH FLOW FROM FINANCING ACTIVITIESProceeds from issue of Share Capital —- —Proceeds from Borrowings 20.96 209.55Shares Buyback —- (65.64)Repayment of borrowings (including premium on repayment) (149.18) (271.25)Dividends paid (including Tax thereon) (6.65) (29.96)Interest and Finance Charges paid (78.01) (82.19)NET CASH (USED IN)/FROM FINANCING ACTIVITIES (212.88) (239.49)NET INCREASE IN CASH AND EQUIVALENTS 3.28 3.04CAHS AND CASH EQUIVALENTS (OPENING BALANCE) 10.79 7.75CASH AND CASH EQUIVALENTS (CLOSING BALANCE) 14.07 10.79@ acquired by paying cashNotes:1) Cash and cash equivalents include:-Cash, cheque in hand and remittance in transit 6.44 3.40Balance with Scheduled Bank # 7.63 7.33Unrealised translation loss on foreign currency balances —- 0.06Total 14.07 10.79(# Excludes Rs.21.73 Crores kept as margin money towards corporate guarantee in previous year)2) The Company has undrawn working capital facilities of Rs.229.37 Crores as on 31.3.2001 (Previous Year - Rs.127.72 Crores)Chairman: Kumar Mangalam BirlaDirectors: B. R. GuptaSiddhartha SenB. L. ShahAshok Malu Adesh Gupta H. J. VaidyaMumbai, 26th April, 2001 Company Secretary President & CFO Tarjani VakilAUDITORS’ CERTIFICATEWe have examined the attached Cash Flow Statement of INDIAN RAYON AND INDUSTRIES LIMITED for the year ended 31st March, 2001. The Statement has been prepared by the Company in accordance withthe requirements of the listing agreements of the various stock exchanges and is based on and in agreement with the corresponding Profit and Loss Account and Balance Sheet of the Company covered by ourreport of even date to members of the Company.For LODHA & CO.For KHIMJI KUNVERJI & CO.Chartered AccountantsChartered AccountantsN.KISHORE BAFNASHIVJI K.VIKAMSEYPartnerPartnerMumbai 26th April, 2001123
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956, RELATING TO SUBSIDIARY COMPANYAditya VikramGlobal TradingBirla SunlifeInsuranceLaxminaryanInvestmentRajnidhiFinanceHouse Limited Company Limited Limited Limited1 The period of the Subsidiary Company 21st December, 1999to 31st December, 20004th August, 2000to 31st March, 20011st April, 2000to 31st March, 20011st April, 2000to 31st March, 20012 Extent of interest in Subsidiary Company Entire paid-up EquityCapital ofHolding 69% of paid--up Equity CapitalEntire paid-up EquityCapital ofEntire paid-up EquityCapital of Rs.29 lacsUS$ 8.50 lacs of Rs.12000 lacs Rs.1109 lacs. held by the Companyand its subsidiaryLaxminarayanInvestment Ltd.3 Net aggregate amount of the profits/(losses)of the Subsidiary Company for the period,so far as it concerns members of IndianRayon And Industries LimitedUS$ in lacs Rs. in lacs Rs. in lacs Rs. in lacsa) not dealt with in the Accounts of theCompany(i) For the financial year of the subsidiary(ii) For the previous financial years3.78 -574.07 44.11 1.24since it became thesubsidiary of the Company Not Applicable Not Applicable 85.90 4.39b) dealt with in the Accounts of thesubsidiary Company(i) For the financial year of the subsidiary Nil Nil Nil Nil(ii) For the previous financial yearssince it became the Nil Nil Nil Nilsubsidiary of the Company4 Additional information u/s 212 (5) Not Applicable Not Applicable Not Applicablea) Change in the interest of the Companybetween the end of the SubsidiaryNilCompany and of the Company’sfinancial year ended 31st March 2001b) Material changes between the end ofthe Financial Year of the Subsidiaryand the Company’s financial yearended 31st March 2001i) Fixed Assets Nilii) InvestmentsNiliii) Money lentNiliv) Money borrowed for any purposeother than that of meeting currentliabilitiesFresh Borrowings from Bank 22.50Amount Repaid to Bank 33.61Chairman : KUMAR MANGALAM BIRLADirectors : B. R. GUPTASIDDHARTHA SENB. L. SHAHASHOK MALU ADESH GUPTA H. J. VAIDYAMumbai, 26th April,2001 Company Secretary President & CFO TARJANI VAKIL61
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BOARD OF DIRECTORSShri Kumar Mangal
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Simultaneously, we will concentrate
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Mavoor, which were rendered unviabl
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SEGMENTAL ANALYSIS AND REVIEWThe ne
Page 9 and 10: On the upside is the structural cha
Page 11 and 12: Benefiting from the shifting focus
Page 13 and 14: • Volume Enhancement: Efforts on
Page 15 and 16: Outlook for Indian Rayon’s Insula
Page 17 and 18: Net ProfitNet Profit has gone up fr
Page 19 and 20: Birla Sunlife Insurance Company Ltd
Page 21 and 22: 1 Independent director means direct
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Page 25 and 26: 13. The Company should provide a br
Page 27 and 28: Social ReportBeyond Business - Reac
Page 29 and 30: Environment ReportENVIRONMENTAL PRO
Page 31 and 32: Directors’ Report to the Sharehol
Page 33 and 34: Forays Into New Business Segments a
Page 35 and 36: AWARDS AND RECOGNITIONDuring the ye
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Page 39 and 40: ANNEXUREForm-AForm for disclosure o
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Page 43 and 44: Profit & Loss Account for the year
Page 45 and 46: SCHEDULE ‘3’ As at 31st As at 3
Page 47 and 48: SchedulesSCHEDULE ‘6’ (Contd.)I
Page 49 and 50: SCHEDULE ‘8’ As at 31st As at 3
Page 51 and 52: SCHEDULE ‘13’ 2000-01 1999-2000
Page 53 and 54: SchedulesSCHEDULE ‘19’SIGNIFICA
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Page 57 and 58: SchedulesANNEXURE IINFORMATION PURS
Page 59: BALANCE SHEET ABSTRACT AND COMPANY
Page 63 and 64: BALANCE SHEET AT 31 DECEMBER 2000IN
Page 65 and 66: BIRLA SUN LIFE INSURANCE COMPANY LI
Page 67 and 68: REVENUE ACCOUNTFor the period 4th A
Page 69 and 70: SCHEDULE-4BENEFITS PAID (NET)(Amoun
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Page 73 and 74: Tax ProvisionThe tax provision as o
Page 75 and 76: MANAGEMENT REPORTIn accordance with
Page 77 and 78: BALANCE SHEETAs at 31st March, 2001
Page 79 and 80: STATEMENT PURSUANT TO SECTION 212 O
Page 81 and 82: BALANCE SHEETAs at 31st March, 2001
Page 83 and 84: Shareholder Information1. Annual Ge
Page 85 and 86: Relative Performance: Indian Rayon
Page 87 and 88: 15. Categories of Shareholding as o
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INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

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