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CONSOLIDATED STATEMENTS OF CASH FLOWS (Audited) (USD $)
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ (2,267,423) $ (7,891,290)
Adjustment to reconcile net income (loss) to net cash:    
Non-cash compensation expense 0 (23,271)
Non-cash interest expense 501,300 491,147
Deferred taxes (365,116) 172,828
Depreciation 673,916 996,403
Unrealized exchange losses/(gains) 368,408 694,532
Impairment of goodwill 301,141 0
Accrued unrealized share in profits of joint venture 0 (28,463)
ESOP and other Stock related Expense 824,814 0
Changes in:    
Accounts receivable 468,306 587,118
Inventories (26,704) 5,557
Prepaid expenses and other assets 860,428 458,657
Trade payables 285,461 (856,704)
Other current liabilities (457,386) 17,840
Other non – current liabilities (550,429) (442,685)
Non-current assets 467,604 2,746,250
Accrued Expenses (519,475) (1,950,281)
Net cash used in operating activities 564,845 (5,022,362)
Cash flow from investing activities:    
Proceeds from short term investment 331,328 0
Purchase of property and equipment /capital work in progress (326,078) (5,480)
Proceeds from sale of property and equipment 115,425 48,118
Deferred acquisitions cost (207,338) 0
Proceeds from/ (Investment in) non-current investments (joint ventures etc.) 0 169,758
Deposits towards acquisitions (net of cash acquired) 0 2,678,119
Restricted cash 11,959 1,778,063
Net cash provided/(used) by investing activities (74,704) 4,668,578
Cash flows from financing activities:    
Net movement in other short-term borrowings (196,614) (625,763)
Proceeds from loans 224,305 0
Net cash provided/(used) by financing activities 27,691 (625,763)
Effects of exchange rate changes on cash and cash equivalents (16,359) (40,789)
Net increase/(decrease) in cash and cash equivalents 501,473 (1,020,336)
Cash and cash equivalent at the beginning of the period 562,948 1,583,284
Cash and cash equivalent at the end of the period 1,064,421 562,948
Supplementary information:    
Cash paid for interest 32,582 239,451
Cash paid for taxes      
Non-cash items:    
Common stock issued including ESOP 824,814   
Common stock issued to pay interest& penalty/exchange of notes payable $ 501,300 $ 2,543,775