The cashflow statement shows negative cash from operations because up to June 2010 accounts they received a lot of cash in advance of finalising production for some customers .As the cash was already received in the last accounting period it looks like there is some sort of problem ....not really though .They are not apparently continuing to receive so much up front payment now . It may depend on the customer , commercial negotiations etc .When a company earns the margins Maitrix earns and has such conservative management there is unlikely to be any cash problem .
valuation, page-6
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