Annual Report 2004 - Nagarjuna Fertilizers

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NFCL Nagarjuna Fertilizers and Chemicals Limited Consolidated Cash Flow Statement for the year ended 31st March, 2005 Particulars 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 investments (net) 6.65 1,250.43 Remission of liability 1,464.70 1,684.87 841.01 2,255.99 Operating Profit before working capital changes 30,765.42 33,202.18 Adjustments for : Less :Trade and other receivables ✫(3,412.63) (1,916.31) Inventories 1,462.66 (1,949.97) (12,185.22) (14,101.53) 32,715.39 47,303.71 Add: Trade and other payables 5,112.20 (9,583.06) Cash generated from operations 37,827.59 37,720.65 Interest paid - 14,028.30 31,009.69 Direct taxes - 314.75 (279.16) Remission of liability 1,464.70 841.01 Cash flow after extraordinary items 24,949.24 7,831.13 Net cash from operating activities 24,949.24 7,831.13 B. Cash Flow from Investing activities Purchase of fixed assets **** 9,383.50 6,011.05 Investment in subsidiaries 12,736.97 - Purchase of Investments - 22,120.47 - 6,011.05 Sale of fixed assets 1,487.02 149.78 Sale of investments 22.31 2,891.05 Proceeds from Amalgamation (net) 34.56 - Dividend received 10.07 1,553.96 46.58 3,087.41 Net cash used in investing activities 20,566.51 2,923.64 C. Cash flow from financing activities Share capital - (including premium) *6,287.84 0.02 Proceeds Sales Tax Deferral 674.85 Proceeds from long term borrowings 7,697.07 14,659.76 * 7,510.78 7,510.80 Repayment of short term loans / FD 141.81 8,507.93 Repayment of long term loans **18,581.10 4,197.26 Dividend paid *** 133.50 18,856.41 116.93 12,822.12 Net cash used in financing activities 4,196.65 5,311.32 Net decrease in cash and Cash equivalents 186.08 (403.83) Cash and cash equivalents as at 01.04.2004 1,780.29 2,184.12 Cash and cash equivalents as at 31.03.2005@@ 1,966.37 1,780.29 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 44 P P Singh Director (Technical) Rs. Lakhs * Conversion of differential interest (previous year Rs. Nil) ** includes conversion of differential interest into OCCRPS Rs.3720.37 Lakhs (Pr 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 5(v) Schedule 15) @@ includes unclaimed dividend of Rs. 441.83 lakhs (previous year Rs.575.33 lakhs) 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 to the Consolidated 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 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 Optionally Convertible Cumulative Redeemable 3,720.37 - Preference Shares of Rs.100/- each fully called up (previous year Nil) (refer Note 6 A of schedule 15) Equity Share Capital pending allotment 1,11,61,228 Equity Shares of Rs.10/- each (Pr. year Nil) pending allotment to shareholders of Nagarjuna Palma India Limited (NPIL) consequent to amalgamation of NPIL as per the scheme of amalgamation. 1,116.12 - (refer Note 6 B of schedule 15) Total 46,497.44 41,660.79 Schedule 2 - Reserves and Surplus Rs. Lakhs Particulars 31.03.2005 31.03.2004 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 15 of schedule 15) Revaluation Reserve As per last Balance Sheet 8,326.61 8,326.61 Additions during the year (refer note 5 (v) of schedule 15) 93,332.47 - 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 5,117.91 5,117.91 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 2,952.50 14,022.81 1,743.82 11,660.34 Total 140,203.73 44,232.39 Schedule 3 - Loan Funds Particulars 31.03.2005 Rs. Lakhs 31.03.2004 Secured Loans (Refer Note 7 of Schedule 15) A. Debentures - unquoted i) 75,00,000 14.5% Secured Redeemable Non - convertible Debentures of Rs. 100 each 7,500.00 7,500.00 ii) 6,71,602 14.5% Secured Redeemable Non - convertible Debentures of Rs. 100 each 503.70 503.70 iii) 80,00,000 15% Secured Redeemable Non - convertible Debentures of Rs. 100 each 2,933.50 2,933.50 iv) 1,53,30,000 15% Secured Redeemable Non - convertible Debentures of Rs. 100 each 15,330.00 15,330.00 v) 25,00,000 15% Secured Redeemable Non - convertible Debentures of Rs. 100 each 2,500.00 2,500.00 vi) 30,00,000 13.25% Secured Redeemable Non - convertible Debentures of Rs. 100 each 3,000.00 3,000.00 vii) 32,00,000 12.50% Secured Redeemable Non - convertible Debentures of Rs. 100 each 1,800.00 2,577.98 viii) 33,49,36,238 0% Secured Redeemable Non - convertible Debentures of Rs. 1/- each 3,349.36 - ix) Interest accrued and due 344.86 60.21 37,261.42 34,405.39 B. From Institutions - Term Loans i) In Rupees 78,657.94 80,709.59 ii) In Foreign Currency 5,377.77 10,953.93 iii) Differential Interest - 5,161.12 iv) Interest accrued and due 8.82 26.94 C. From Banks i) Working Capital Demand Loan / Cash Credit 13,018.85 12,226.76 ii) Overdraft/Term Loan 25,130.34 24,272.69 iii) Differential Interest - 1,914.65 iv) Interest accrued and due 796.07 449.80 Total 160,251.21 170,120.87 Unsecured Loans Fixed Deposits 0.15 50.85 From Banks - Foreign Currency - - From Banks - Rupee Loan - 15.81 Sales Tax Deferral - Loan 4,362.68 3,687.83 HDFC Loan 106.80 182.10 Others 42.56 42.56 Total 4,512.19 3,979.15 45
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 and 24: NFCL Profit and Loss Account for th
Page 25 and 26: 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: NFCL Consolidated Profit and Loss A
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

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