Atul Ltd 2009-10

Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology Safety, HealthandEnvironment Serving the Society Directors’ Report Management Discussion andAnalysis Report on Corporate Governance Financial Statements Cash Flow Statement for the year ended March 31, 2010 (contd) (C) Cash Flow From Financing Activities Proceeds from long term borrowings (69.42) 36.53 Add: Exchange rate difference 6.73 (25.90) Proceeds from long term borrowings (adjusted) (62.70) 10.63 Proceeds | (repayments) of working capital loans (net) (7.58) (68.44) Proceeds | (repayments) of unsecured borrowings (net) 3.87 (28.58) Total proceeds from borrowings (66.40) (86.38) Interest paid (25.07) (39.01) Dividend on equity shares (including corporate dividend tax) (10.33) (10.32) Net cash (used in) | flow from financing activities C (101.80) (135.71) Net change in cash and cash equivalents A+B+C (8.46) (0.05) Cash and cash equivalents (opening balance) 23.30 23.35 Cash and Cash equivalents (closing Balance) 14.84 23.30 (8.46) (0.05) Notes to the Cash Flow Statement for the year ended March 31, 2010: 1 The Cash Flow Statement has been prepared under the ‘‘Indirect Method“ set out in AS - 3 “Cash Flow Statement” referred to in The Companies Accounting Standard Rules, 2006. 2 Cash and Cash equivalents represent cash and bank balances only. 3 Cash and Cash equivalents include Rs 2.60 crores (Previous year Rs 1.92 crores) which are not available for use by the Company. (Refer Schedule 7 in the financial Statements) 4 Previous year’s figures have been regrouped wherever necessary to conform to this year’s classification. (Rs crores) Particulars 2009-10 2008-09 As per our attached report of even date For and on behalf of the Board of Directors For Dalal and Shah Firm Registration No 102020W G S Patel Sunil S Lalbhai Chartered Accountants B S Mehta Chairman and Managing H S Shah Director S M Datta S Venkatesh R A Shah Partner T R Gopi Kannan V S Rangan Samveg A Lalbhai Membership No 037942 President, Finance and B N Mohanan Managing Director Mumbai Company Secretary Directors Mumbai July 19, 2010 July 19, 2010