Annual Report 2004 - Nagarjuna Fertilizers

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NFCL Nagarjuna Fertilizers and Chemicals Limited Cash Flow Statement for the year ended 31st March, 2005 Rs. Lakhs 31.03.2005 31.03.2004 A.Cash Flow from Operating Activities Net Profit / (Loss) before Extraordinary item and Tax 5,525.07 (1,823.73) Adjustments for : Add : Depreciation 12,136.38 12,163.82 Deferred revenue expenses written off 1,030.59 67.31 Lease equalisation (520.38) (523.04) Interest 14,278.63 26,925.22 25,573.81 37,281.90 32,450.29 35,458.17 Less : Dividend received 10.07 46.58 Profit /(Loss) on sale of assets (net) 203.45 117.97 Profit on sale of investment (net) 6.65 1,250.43 Remission of liability 1,464.70 841.01 1,684.87 2,255.99 Operating Profit before working capital changes 30,765.42 33,202.18 Adjustments for : Less : Trade and other receivables ✫ (9,865.31) (857.99) Inventories 1,462.66 (8,402.65) (12,185.22) (13,043.21) 39,168.07 46,245.39 Add: Trade and other payables 2,683.69 (11,396.05) Cash generated from operations 41,851.76 34,849.34 Interest paid 14,028.30 31,009.69 Direct taxes 314.65 (279.16) Remission of liability 1,464.70 841.01 Cash flow after extraordinary items 28,973.51 4,959.81 Net cash from operating activities 28,973.51 4,959.81 B. Cash Flow from Investing activities Purchase of fixed assets **** 3,982.81 ****1,646.76 Investment in subsidiaries 12,736.97 1,170.68 Purchase of Investments - 16,719.78 - 2,817.44 Sale of fixed assets 1,471.51 149.78 Sale of investments 17.31 2,891.05 Proceeds from Amalgamation (net) 34.56 - Dividend received 10.07 1,533.45 46.58 3,087.41 Net cash used in investing activities 15,186.33 (269.97) C. Cash flow from financing activities Share capital - (including premium) 4,836.74 * 0.02 Proceeds from Sales Tax Deferral 674.85 - Proceeds from long term borrowings - 5,511.59 * 7,075.77 7,075.79 Repayment of short term loans / FD 126.00 8,459.77 Repayment of long term loans 18,581.10 ** 4,197.26 Dividend Paid *** 133.50 18,840.60 116.93 12,773.96 Net cash used in financing activities 13,329.01 5,698.17 Net Increase/(decrease) in cash and Cash equivalents 458.17 (468.39) Cash and cash equivalents as at 01.04.2004 1,463.99 1,932.37 Cash and cash equivalents as at 31-03-2005 @@ 1,922.16 1,463.99 * Conversion of diferential interest (previous year Rs. Nil ) ** includes conversion of differential interest into OCCRPS Rs. 3720.37 Lakhs (Previous year Rs Nil ) *** relating to earlier years (including transfer to Investor Education and Protection Fund Rs 115.93 lakhs previous year Rs. 89.88 lakhs ). **** includes capitalisation of machinery spares Rs Nil (previous year Rs. 1461.50 lakhs ) and deferred revenue expenditure Rs Nil (previous year Rs.1065.37 lakhs) ✫ Net of reduction in value of Rs. 46,638.27 Lakhs in trade & other receivables adjusted against revaluation reserve (Refer Note 4(v) Schedule 13) @@ includes unclaimed dividend of Rs 441.83 lakhs (previous year Rs. 575.33 lakhs) As per our report attached For and on behalf of the Board. for M. Bhaskara Rao & Co. Field Marshal Sam Manekshaw, M.C. N C B Nath Chartered Accountants Chairman S R Ramakrishnan Directors K S Raju Vice Chairman & Managing Director 24 P P Singh Director (Technical) Anilkumar Mehta M Ramakanth R S Nanda Partner Secretary Director & Chief Operating Officer K Rahul Raju Hyderabad New Delhi Director - Business Development & April 21, 2005 April 21, 2005 Strategic Planning
NFCL Schedules forming part of the Balance Sheet as at 31st March, 2005 Schedule 1-Share Capital Rs. Lakhs Particulars 31.03.2005 31.03.2004 Authorised 60,00,00,000 Equity Shares of Rs.10/-each 60,000.00 60,000.00 2,00,00,000 Preference Shares of Rs 100/- each 20,000.00 20,000.00 TOTAL 80,000.00 80,000.00 Issued 41,97,25,062 Equity Shares of Rs.10/- each 41,972.51 41,972.51 37,20,372 0.01% Optionally Convertible Cumulative Redeemable 3,720.37 - Preference Shares of Rs. 100/- each TOTAL 45,692.88 41,972.51 Subscribed and Paid Up 41,70,20,593 Equity Shares of Rs. 10/- each fully called up 41,702.06 41,702.06 Of the above 18,33,333 Shares were allotted as fully Paid pursuant to the approved Scheme of amalgamation without payments being received in cash Calls in arrears - Others (41.11) (41.27) 37,20,372 0.01% Optionally Convertible Cumulative Redeemable 3,720.37 0.00 Preference Shares of Rs. 100/- each fully paid up (previous year Nil) (refer Note 5A of schedule 13) Equity Share Capital pending allotment 1,11,61,228 Equity Shares of Rs. 10/- each (previous year Nil ) pending allotment to shareholders of Nagarjuna Palma India Limited (NPIL) 1,116.12 - consequent to amalgamation of NPIL as per the Scheme of amalgamation. (refer Note 5B of Schedule 13) Schedule 2-Reserves and Surplus Particulars 25 TOTAL 46,497.44 41,660.79 31.03.2005 31.03.2004 Rs. Lakhs Capital Reserve As per last Balance Sheet 301.10 301.10 Add: Capital reserve on amalgamation 279.03 580.13 - 301.10 Capital Subsidy 20.00 - (refer Note 14 of schedule 13) Revaluation Reserve As per last Balance Sheet 8,326.61 8,326.61 Addition during the year (net) 93,332.47 - (refer Note no 4(v) of schedule 13) 101,659.08 8,326.61 Less: Transfer to Profit & Loss A/c 22.72 101,636.36 - 8,326.61 Share Premium As per last Balance Sheet 9,243.93 9,243.92 Receipts during the Year 0.09 0.01 9,244.02 9,243.93 Debenture Redemption Reserve As per last Balance Sheet 9,582.50 9,582.50 General Reserve As per last Balance Sheet 5,114.00 5,114.00 Profit and Loss Account - Balance As per last Balance Sheet 11,660.34 9,916.52 Less: Debit balance on amalgamation 590.03 - Add: Profit for the year 2,952.51 14,022.81 1,743.82 11,660.34 TOTAL 140,199.82 44,228.48
Page 1 and 2: NFCL NOTICE NOTICE IS HEREBY GIVEN
Page 3 and 4: NFCL Shri K. Rahul Raju was appoint
Page 5 and 6: NFCL Your company has been able to
Page 7 and 8: NFCL I. Urea FORM - A Form for disc
Page 9 and 10: NFCL Statement pursuant to Section
Page 11 and 12: NFCL E. INFORMATION TO THE BOARD Du
Page 13 and 14: NFCL 8. Warrants Committee Members
Page 15 and 16: NFCL I. SHAREHOLDER INFORMATION The
Page 17 and 18: NFCL The details of the amount uncl
Page 19 and 20: NFCL steps to reduce its logistics
Page 21 and 22: NFCL iv) In our opinion and accordi
Page 23: NFCL Profit and Loss Account for th
Page 27 and 28: NFCL Schedules forming part of the
Page 29 and 30: NFCL Schedules forming part of the
Page 31 and 32: NFCL 3. Depreciation on Fixed Asset
Page 33 and 34: NFCL iii) iv) under Section 391(3)
Page 35 and 36: NFCL charge on the current assets o
Page 37 and 38: NFCL Details of components of defer
Page 39 and 40: NFCL b. Production, Sales & Stock :
Page 41 and 42: NFCL To The Board of Directors NAGA
Page 43 and 44: NFCL Consolidated Profit and Loss A
Page 45 and 46: NFCL Schedules to the Consolidated
Page 47 and 48: NFCL Schedules to the Consolidated
Page 49 and 50: NFCL 7. Warranty claims in respect
Page 51 and 52: NFCL Based on the report of the val
Page 53 and 54: NFCL The aforesaid revaluation is a
Page 55 and 56: NFCL 22. Earnings Per Share : Sl. N
Page 57: NFCL Board of Directors Field Marsh

Annual Report 2004 - Nagarjuna Fertilizers

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