Académique Documents
Professionnel Documents
Culture Documents
33
CONTENTS
rJMgmqae
* rl=uNfU fUt r;Ju=l
* tuFt vheGfU fUt r;Ju=l
* Cth; fuU rlgktfU YJk bnttuFt
vheGfU fUe rxvrKgtU
* ;wtl vt
* ttC J ntrl rJJhK
* ld= Jtn rJJhKe
3
28
Directors Report
Auditors Report
29
39
Balance Sheet
41
43
45
38
40
42
44
YVU Ym Yl Yt / F S N L
1
YVU Ym Yl Yt / F S N L
BOARD OF DIRECTORS
rl=uNfU bzt
Shri S. K. Tripathi
(19.4.2012
mu) YJk
yr;rh; Cth
-ckt rl=uNfU (22.8.2012 mu)
e Yxtule atfUtu
e Yt.rmt:o rmkn
(08.09.2011
(upto 08.9.2011)
;fU)
Shri D. B. Singh
e ze.ce.rmkn
(09.09.2011
(w.e.f. 09.09.2011)
mu)
Shri B. B. Singh
e ce.ce.rmkn
e yth. htbthtsq
(17.01.2012
Shri R. Ramaraju
(w.e.f. 17.01.2012)
mu)
Shri G. S. Chugh
(13.02.2012
mu
12.08.2012
;fU)
COMPANY SECRETARY
Shri Aditya Prakash Sharma
fUvle mraJ
e ytr=g fUtN Nbto
tuFtvheGfU
htsu mt=
ml=e tuFtvtt
cfUmo
AUDITORS
M/S. RAJENDRA PRASAD
Chartered Accountants
BANKERS
State Bank of India
Bank of India
Indian Bank
Andhra Bank
Bank of Baroda
Punjab National Bank
UCO Bank
Corporation Bank
Cth;eg xux cf
cfU ytpVU Rkrzgt
Rkrzgl cfU
ytkt{t cfU
cfU ytpVU c\zti=t
vkstc luNlt cfU
gqfUtu cfU
fUtvtuohuNl cfU
vksef]U; fUtgtotg&
YVU.Ym.Yl.Yt. CJl, RrJvbux atifU, mux[t YJugq, vtux ctpm l. 37, rCttRo (A.d.)
VUtul & (0788) 222-2474/2475
ViU m & (0788) 222-0423/3884
Registered Office:
F.S.N.L. Bhawan, Equipment Chowk, Central Avenue, Post Box No. 37, Bhilai (C. G.)
Phone : (0788) 222-2474/2475 Fax : (0788) 222-0423/3884
E-mail : fsnl_co@rediffmail.com
Visit us at : //www.ferro-scrap.com
//www.fsnl.nic.in
2
YVU Ym Yl Yt / F S N L
DIRECTORS REPORT
To
The Members
FERRO SCRAP NIGAM LIMITED
bntlCtJ,
GENTLEMEN
r;,
m=gJ]=
PERFORMANCE HIGHLIGHTS
rlvt=l bwgtkN
PHYSICAL
Ctir;fUeg
YVU Ym Yl Yt / F S N L
FINANCIAL
rJteg
fuU
buk
buk
fuU
fuU
buk
fUvrlgtuk (ttCtuk fUt ythrG; rlr" buk yk;ht) fuU rlgb, 1975
fuU mt: vrX; fUvle yr"rlgb, 1956 fUe "tht 205 (2A) fUt
ylwmht fUh;u nwY ` 90 ttF fUtu ttC YJk ntrl Ft;t mu
mtbtg ythrGr; buk yk;rh; fUhlt ;trJ; ni ;:t yr"NuM
` 0.01 ttF fUtu ;wtl-vt buk yd{url; rfUgt stYdt>
ttCtkN
DIVIDEND
JMo fuU =tihtl rJ=uNe bwt Wvtsol YJk rldtobe Nqg ni>
YVU Ym Yl Yt / F S N L
Wsto mkhGK
ENERGY CONSERVATION
Wsto fUt mkhGt YfU bqt Gut ntu;t ni snt fkUvle Fv; fUtu
rlhk;h ylwJeGt fuU tht g:o catfUh Wsto catlu fUt gtm
fUh hne ni>
TO
1)
rCttRo buk awcfUeg muvhuxh fUtu d\Zlu ;:t :tvlt fUt fUtgo
mVUt;tvqJofU vqto YJk Jr;o; nwyt>
2)
ctufUthtu buk ;:t f{UrNkd YJk f{Uerlkd RfUtRo fUe Gb;t mkJ]r
fuU r;eg ;:t ykr;b aht fUtu mVUt;tvqJofU vqto YJk vwloJr;o; rfUgt dgt ni>
3)
4)
ABSORPTION
AND
YVU Ym Yl Yt / F S N L
1. SAIL Plants
mut mkgkt
01.10.2011
1.
2.
3.
4.
5.
4. Rvt;
ylwckD r=ltkfU
12.05.2013
;fU Ji ni>
awcfUeg muvuhuxh fuU tht fiUv fuU f{Ubt fuU fUtgtuo fuU rtY
ytRo ytRo Yt, ztutJe fuU mt: ylwck" 14.03.2013 ;fU Ji
ni>
5.
5. BHEL, Haridwar.
Cut, nrhth
ylwck"
31.07.2013
;fU Ji ni>
6
YVU Ym Yl Yt / F S N L
PERSONNEL
UfUtrbofU
12.19%,
1.
mbqn
fU
F
d
D
(mVUtRo
fUboathe fUtu
Atuz\ fUh)
D
(mVUtRo
fUbao the
mrn;)
gtud
fUboatrhgt fUe
fwUt mkgt
yst
ysst
vwM brntt
vwM brntt
yrvJ
rJfUttkd
NtherhfU
rJfUttkd
Group
No. of
Employees
SC
ST
OBC
Minority
Physically
Handicaped
143
14
19
11
143
14
19
11
596
305
0
7
11
0
91
83
0
0
3
0
47
69
0
0
1
0
66
45
0
0
0
0
68
33
0
2
2
0
1
0
0
0
0
0
596
91
47
66
68
305
11
83
69
45
33
191
119
130
112
D
(Excl.
Safai
Karmachari)
1047
19
191
119
130
112
D
(Including
Safai
Karmachari)
TOTAL
1047 19
RECRUITMENTS
C;eogt &
JMo 2011-2012 fuU =tihtl mbqn-fU buk fwUt 11 fUtgovttfUtuk
;:t mbqn-d buk 2 fUtgovttfuUthtuk fUe C;eo fUe dge> Rm fUth
fwUt 13 fUtrbofUtuk fUe C;eo fUe dge ni>
YVU Ym Yl Yt / F S N L
WELFARE OF MINORITIES
gufU JMo fUe ;hn fUvle lu JMo fuU ythkC buk cltY dY JtrMofU
gtuslt fuU yt"th vh r;r; rNGt mk:tltuk fuU mt:-mt:
bqt WvfUh rlbto;tytuk fuU btgb mu fUvle fuU fUtgovttfUtuk ;:t
fUtgovttfuUth fUboatrhgtuk fuU ttC nu;w JMo 2011-2012 fuU =tihtl
rJrJ" rNGt fUtgof{Ub (yt;rhfU fuU mt:-mt: ctng) ytgturs;
fUe>
fUboatrhgtuk fuU JtrMofU =G;t rlvt vttuk buk mbr:o; rNGt
ytJgfU;tytuk fuU mkck" buk mkckr"; tr"fUthtuk fUe ylwNkmt fuU
yt"th vh rJrJ" rNGt fUtgof{Ubtuk fuU rtY fUboatrhgtuk fUt
ltbtkfUl rfUgt dgt ;trfU Wnuk mkckr"; Gut buk yvlu fUtiNt ;:t
mtbgo fUtu c\Ztlu fUt yJmh rbtu ;:t ytiturdfU tuturdfUe buk
r=l-r;r=l rJfUtm mu Jgk fUtu yJd; fUh mfuU>
rNGt fuU rtY mbSti;t ttvl tgtuk fUt IIWf]UOO ;h vqht
fUh rtgt dgt ni>
mqalt fUt yr"fUth yr"rlgb,
2005 fUt
ylwvttl
YVU Ym Yl Yt / F S N L
2005
VIGILANCE ACTIVITIES
m;foU;t dr;rJr"gtp
mwhGt
mwhGt ;:t mwhrG; fUtgo vr;gtuk fuU cthu buk fUboatrhgtuk fuU bg
stdfU;t ttlu fuU rtY YVU Ym Yl Yt fUe mCe RfUtRogtuk fuU
mt:-mt: rldbl fUtgtotg buk mwhGt r=Jm mbthtuntuk fUt
ytgtusl rfUgt dgt> mbthtun buk mwhGt ;:t mnc Guttuk vh
Jt=-rJJt= fUtu Ntrbt rfUgt dgt :t> Rl r;v"toytuk fuU rtY
fUboatrhgtuk mu Wbkde mnCtrd;t rbte :e ;:t rJsu;tytuk fUtu
ylwfqUt Wvnth r=Y dY>
YVU Ym Yl Yt / F S N L
mkgw; bka mrbr; fUe ciXfU rlgrb; y;khtttuk buk fUe st;e ni
;:t fUboatrhgtuk fuU rn;tuk fuU rCt-rCt mbgtytuk YJk vrhttbtuk vh
rltog =ulu nu;w rJ;]; rJath-rJbNo fUe st;e ni> mkgw; bka
mrbr; fUe mkhalt mu ytblu-mtblu ciXfUh Rl ytvme Jt;to fuU
fUtht rlgtu;t-fUboathe mkck" fUtu ct rbt;t ni> ck"l ;:t
btg;ttt mkDtuk fuU tht ;:t WlfuU bg snt Rmu ytJgfU
btlt st;t ni, ylwck"tuk fuU ttvl fUtu Ce n;tGrh; rfUgt st;t
ni>
ytiturdfU mkck"
gnt n\z;tt, DuhtJ/ck= ytr= fUe rfUme Dxlt fuU vrhttbJv
Wvt=l y:Jt btlJ Dkxu fUe Gr; lnek nwRo ni> vqhu JMo Ch
fUvle buk mtint=ovqto ;:t b"wh ytiturdfU mkck" ct hnt>
htsCtMt ler;
YVU Ym Yl Yt tht htsCtMt ler; fuU fUtgtoJgl vh mbgmbg vh sthe NtmfUeg rl=uoNtuk fUt mJo=t m;e mu ylwvttl
rfUgt st;t ni>
rn=e lturxkd/z[trxkd v"toY ytgturs; fUe dge ;:t gtuslt fuU
ylwmth rJsu;tytuk fUtu lfU= vwhfUth r=Y dY> rn=e buk yvlu
=ilr=l fUtgtuo fUtu fUhlu buk fUboatrhgtuk fUtu rlhk;h yrCuhKt
rbtlu mu bltuct fUtu cZtJt rbt;t ni >
simt rfU r;JMo ntu;t ni, fUvle fuU rldbl fUtgtotg fuU mt:mt: mCe RfUtRogtuk buk btn rm;ch, 2011 buk rn=e vFJt\zt
fUt ytgtusl rfUgt dgt :t> Rm yJmh fuU =tihtl rn=e rlc"
tuFl r;gturd;t, rn=e ttl r;gturd;t, rn=e CtMK v"toY
ytr= ytgturs; fUe dge rsmbuk fUboatrhgtuk fUe mnCtrd;t
ymt"tht :e> Rl v"toytuk fuU rJsu;tytuk fUtu 26 slJhe, 2012
fUtu ytgturs; dt;kt r=Jm mbthtun fuU =tihtl ylwfqUt vwhfUth
=tl rfUY dY>
htsCtMt ler; fuU fUtgtoJgl fuU Gut buk RmfuU ylwfUhteg J
Nkmleg fUtgo fuU rtY YVU Ym Yl Yt fUtu ylufU r;r;
ytJtzo/vwhfUth rbtt ni> yJtzo buk Rkr=ht dt"e htsCtMt Nez,
Rvt; htsCtMt Nez ytr= mrbrt; ni> RmfuU yttJu, fUvle
fUtu htsCtMt ler; fuU fUtgtoJgl buk RmfuU rJrN fUtgtuok fuU rtY
ldh htsCtMt fUtgtoJgl mrbr; tht vwhfUth ;:t yJtzo Ce
rbtt ni>
10
YVU Ym Yl Yt / F S N L
11
YVU Ym Yl Yt / F S N L
01-04-2011
mu
31-03-2012
1.04.2011
fUe NuM
rNfUtg;
rlJr;o; fUhKt
fUe mkgtp
tkrc; fUhKt
fUe mkgtp
Grievances
outstanding
As on
1.4.2011
No. of
Grievances
received during
the period
No. of
cases
Disposed
Off
No. of
cases
Pending
12
YVU Ym Yl Yt / F S N L
01-04-2011 mu 31-03-2012
1.04.2011
fUtu NuM
rNfUtg;
rlJr;o; fUhKt
fUe mkgtp
tkrc; fUhKt
fUe mkgtp
Nqg
Nqg
Nqg
Nqg
Nil
Nil
Nil
Nil
gr= fUboathe fkUvle buk ylir;fU ;:t ylwvgw; fUtgo y:Jt fUtuRo
yg twrxvqto ytaht vt;u nik ;:t fUboatrhgtuk fuU rJh rfUme
r;fqUt fUtrbofU fUthoJtRo fUhlu mu ck"fUeg fUtrbofUtuk fUtu rlMu"
fUhlu nu;w tuFt vheGt mrbr; fUtu vqto rJJtm buk tulu
fUboatrhgtuk fUtu YfU yJmh =ulu fuU rtY fkUvle buk YfU mexe
"tikfUle ler; fUtu rf{UgtrJ; fUe dge ni> gn ler; Rm mkck" buk
ttufU Wb rJCtd tht sthe r=Nt-rl=uoNtuk vh yt"trh; ni>
IT related initiatives:
No. of
cases
Pending
No. of
cases
Disposed
Off
CITIZEN CHARTER
ltdrhfU ml=
No. of
Grievances
received during
the period
Grievances
outstanding
As on
1.4.2011
13
YVU Ym Yl Yt / F S N L
PARTICULARS OF EMPLOYEES:
AUDITORS:
tuFt vheGfU
fUvle yr"rlgb, 1956 fUe "tht 619 fUe Wv-"tht (2) tht
=t Nr;gtuk, simt rfU fUvle mkNtur"; yr"rlgb, 2000 fuU
y;do; mkNtur"; ni, fuU ylwmth rlgktfU YJk Cth; fuU bnttuFt
vheGfU lu htsu mt=, ml=e tuFtvtt fUtu mbeGt"el yJr"
fuU rtY fkUvle fUt Ji"trlfU tuFt vheGfU rlgw; rfUgt>
ck " l fu U sJtc fu U mt: fUvle fu U tu F tytu k vh
r=ltkfU 31 btao, 2012 fUtu mbtt rJteg JMo fuU rtY Ji"trlfU
tuFt vheGfU fUt r;Ju=l Wvtck"-2 buk r=gt dgt ni>
ck " l fu U sJtc fu U mt: fUvle fu U tu F tytu k vh
r=lktfU 31 btao, 2012 fUtu mbtt JMo fuU rtY fUvle
yr"rlgb, 1956 fUe "tht 619(4) fuU y;do; rlgktfU YJk
Cth; fuU bnttuFt vheGfU tht rxvrtgt Wvtck"-3 buk =e dge
ni>
rl=uNfU bzt
DIRECTORS:
rl=uNfUdt
YVU Ym Yl Yt / F S N L
rldrb; yrCNtml
AWARD:
vwhfUth
ACKNOWLEDGEMENT
ytCth
rl=uNfU bzt fUvle fuU tgtuk fUe Wvtr" fuU rtY mCe ;htuk
fuU nhufU fUboatrhgtuk fuU gtud=tl fUe Nkmt fUh;u nik>
Yxtule atfUtu
ckt rl=uNfU
Dated : 09.08.2012
Place : Bhilai
ce. ce rmkn
rl=uNfU
15
YVU Ym Yl Yt / F S N L
Antony Chacko
Managing Director
B. B. Singh
Director
mktlf
vt - fU
Wsto fuU mkhGK mu mkckr"; gtiht fuU fUxl nu;w vt
mr; JMo
rJd; JMo
(2011-2012)
(2010-2011)
rJw;
(fU) f{ g rf Y dY
RfUtRo rfUttu Jt\x nxom
fwUt hfUb
=h/RfUtRo (f{ g fuU vrhug b)
1363146
1517447
` 71,27,435
` 66,48,802
5.23
4.38
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
fUtugtt
bttt (xl)
fwUt ttd;
ytim; =h
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
yg/yt;rhfU sll
bttt
fwUt ttd;
RfUtRo =h
ygtug
ygtug
ygtug
ygtug
ygtug
ygtug
3.
4.
ygtug
ygtug
ygtug
16
YVU Ym Yl Yt / F S N L
mr; JMo
(2011-2012)
4.58
ygtug
ygtug
rJd; JMo
(2010-2011)
4.29
ygtug
ygtug
-I
ANNEXURE - I
FORM - A
FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY.
Current Year
(2011-2012)
Previous Year
(2010-2011)
1363146
` 71,27,435
5.23
1517447
` 66,48,802
4.38
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Current Year
(2011-2012)
Previous Year
(2010-2011)
Electricity (Unit/MT)
N.A.
4.58
4.29
Furnace Oil
N.A.
N.A.
N.A.
Coal
N.A.
N.A.
N.A.
17
YVU Ym Yl Yt / F S N L
mktlf
-I
vt - F
titurdfUe yJNtuMK ylwmk"tl YJk rJfUtm
mu mkckr"; gtiuhtuk fuU fUxefUhK nu;w vt
1.
rlhkfU
2.
ygtug
3.
ygtug
4.
rlhkfU
rlhkfU
rlhkfU
ygtug
2.
3.
ygtug
ytgt;e; titurdfUe
ytgt; JMo
gt titurdfUe vqKo vuK yJNturM; fUe dge ni>
gr= vqKo yJNturM; ln ni ;tu Jn Gut, sntp Wmu ln
rfUgt dgt> WmfuU fUthKt ytih CtJe fUtgo gtuslt>
ygtug
ygtug
ygtug
ygtug
YVU Ym Yl Yt / F S N L
Yxtule atfUtu
ck" rl=uNf
rl=uNf
ANNEXURE - I
FORM - B
FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO
TECHNOLOGY ABSORPTION RESEARCH AND DEVELOPMENT
1.
NIL
2.
N.A
3.
N.A.
4.
Expenditure of R&D
(a)
Capital
NIL
(b)
Recurring (Revenue)
NIL
(c)
Total
NIL
(d)
N.A.
2.
N.A.
3.
N.A.
(a)
Technology imported
N.A.
(b)
Year of Import
N.A.
(c)
N.A.
(d)
N.A.
Dated : 09.08.2012
Place : Bhilai
YVU Ym Yl Yt / F S N L
B. B. SINGH
Director
rldrb; yrCNtml
e se.Ym.awD
mkgtusl &
rJteg JMo
06
2011-2012
;:t
06.03.2012
bzt fuU
ciXfU fUe r;r:
e ytxtule
atfUtu
e Yt.
rmt:o mkn
140
03.06.2011
Wvr:;
Wvr:;
Wvr:;
141
02.07.2011
Wvr:;
Wvr:;
Wvr:;
142
20.12.2011
Wvr:;
Wvr:;
Wvr:;
143
06.03.2012
Wvr:;
Wvr:;
Wvr:;
2011
buk ytgturs; fUvle fuU bzt fUe ciXfUtuk buk rl=uNfUtuk fUe Wvr:r; fUt gtiht &
bzt fUe
ciXfU mk.
rm;ch,
12/08/2012
32 Jek
e ze.ce.
rmkn
e ce.ce.
rmkn
e yth.
htbthtsq
e se.Ym.
awD
Wvr:;
Wvr:;
YVU Ym Yl Yt / F S N L
ANNEXURE- IV
CORPORATE GOVERNANCE
COMPANYS PHILOSOPHY
BOARD OF DIRECTORS:
COMPOSITION :
Board
Meeting
Date
Shri Antony
Chacko
Shri L.
Siddhartha
Singh
Shri D.B.
Singh
Shri B.B.
Singh
140
03.06.2011
Attended
Attended
Attended
141
02.07.2011
Attended
Attended
Attended
142
20.12.2011
Attended
Attended
Attended
143
06.03.2012
Attended
Attended
Attended
Shri R.
Ramaraju
Shri G. S.
Chugh
Attended
Attended
Only Managing Director was present in the 32nd Annual General Meeting of the Company was held on 6th September,2011.
21
YVU Ym Yl Yt / F S N L
fUbstuhe &
_ YfUt gtvth_bwg;& f{iUv ;:t tid f{Ubt>
_ d{tnfUtuk fUe yvurGr;gtuk fUtu vqht fUhlu Wt r;rf{Ugt mbg>
22
YVU Ym Yl Yt / F S N L
On the induction of two independent directors Shri R.RamarajuEx-MD, BSP-SAIL and Shri G.S.Chugh-Ex-CMD,WCL on the
board of the company, Board has constituted three committee
namely:
Multi-disciplinary trade.
CODE OF CONDUCT:
Weakness:
23
YVU Ym Yl Yt / F S N L
dwtJtt buk mw"th fuU fUtht "trJfU fUt ctsth bqg mth;& c\Zt
ni rsmmu Rvt; mkgkttuk fUtu yr;rh; htsJ rbtudt>
sturFb YJk mhtufUth &
fUvle fuU rtY bwg sturFb ;:t mhtufUth Gut "trJfU fUe
Wvt";t buk fUbe y:to; tid buk f{iUv fUe fUb ytJfU ni> RmfuU
fUtht attl fUe ttd; c\Z dge ni aqrfU Rmmu "trJfU fUe
Wdtne fUb ntu stYde, ntttrfU rfUY stlu Jttu ytJgfU fUtgo
yvrhJr;o; hnukde, snt ;fU rfU fUCe Ce ytih yr"fU gtm fUe
ytJgfU;t ni rsmmu ytdu attl fUe ttd; sw\zudt> ntt fuU
r=ltuk buk gnt attl fUe ttd; ;:t WvfUh fuU ylwhGt YJk
b Nr; fUe ttd; buk bnJvqto J]r ntulu mu, rsmu Wt;h =h
vh J]r ntulu fUt ylwbtl ni, attl fUe ttd; buk J]r ntude>
;:trv, r=Y dY muJtytuk fuU rtY d{tnfUtuk mu tt vtrhrbfU fUtu
gg fuU mt: vqr;o lnek fUe st hne ni stu fUtVUe n= ;fU fUvle
fUt ;wtl vt CtrJ; rfUgt ni>
mwyJmh &
_ nbthu J;obtl d{tnfUtuk fUe Gb;t buk rJ;th mu rhfUJhe fUe
btd, f{iUv fUt f{Ubt ;:t tid fUe ZwttRo buk J]r ntude>
_ mtJosrlfU ;:t rlse vGtuk tht :trv; rfUY st hnu nrh;
YfUef]U; Rvt; mkgkt fUvle fUtu Rvt; rbt ;:t mnc
fUtgtuo fuU rtY muJtytuk fUe vuNfUN fUhlu fUt yJmh =tl
fUh;t ni>
_ Fll YJk mnc Guttuk buk mwyJmhtuk fUe Ftus>
_ yg Xtum yvrN ;:t mtbd{e n;l ck"l buk rJrJ"efUht
fUe dwkstRN>
Fz r;Ju;l &
JMo fuU =tihtl fUvle Cth; buk rJrCt Rvt; mkgkttuk fuU rtY
fuUJt f{iUv rhfUJhe ;:t mnc fUtgtuo fuU fUthtucth buk tde :e,
stu tuFt btlfU Y Ym-17 fuU ylwmth fuUJt r;JMo fUthtucth
Fz btlt dgt ni> CtidturtfU Ctd tmkrdfU lnek ni gtukrfU
fUvle lu Cth; fuU ctnh fUthtucth mkatrt; lnek fUe ni>
ytNkfUtYu &
_ Rvt; mkgkttuk fuU yt"wrlfUefUht lu Wt; titurdrfUgt Nwh
fUe ni rsmfuU vrhttbJv f{iUv fUb Wvt ntu;e ni>
_ lY JuNfUtuk, rJNuMfUh rlse fUvrlgt, rhfUJhe fuU Gut buk
f{iUv fUt f{Ubt ;:t tid fUe ZwttRo fUh hne ni>
=]rfUtut &
ntt fuU JMtuok buk Cth; buk Rvt; Wtud rJJ y:ogJ:t fuU
mt: vqto;& YfUef]U; nwyt ni> Wtud cnw; ne r;v"eo btntit
buk vrhatrt; ntu hnt ni> W; gtvth btntit buk YVU.Ym.Yl.Yt.
fUe cnw; bnJvqto CqrbfUt ni gtukrfU RmfUt mkattl bqt Guttuk
buk Rvt; mkgkttuk fuU mkattl fuU mt: YfUef]U; ni> J;obtl buk 60
r;N; fUt ctsth ykN YVU.Ym.Yl.Yt. fuU vtm ni> YVU Ym
Yl Yt fUt bwF d{tnfU Rvt; Wtud y:to; mut YJk yth
ytRo Yl Yt JMo 2013-2014 ;fU rJfUtm fuU rtY 30 ttF
xl ;fU vnwalu fUe ytuh yd{mh ni> YVU.Ym.Yl.Yt. Ce yvlu
J;obtl d{tnfUtuk fuU mt: ytdu c\Zudt ;:t ylwbtl ni rfU ytlu Jttu
JMtuok buk Rrzgl hutJu, nune Rzrx[s ytr= simu lY d{tnfUtuk fUtu
stu\zudt> fUvle fUtu dtu=tb ck"l, Fll fuU Gut buk yr"fU fUtgo
fUe Wbe= ni> fUvle lu awltir;gtuk fUt mtblt fUhlu ;:t Wmu
mtbgo buk c=tlu fUe Gb;t fUtu rm rfUgt ni> YVU.Ym.Yl.Yt.
fuU attl fUe rJNuM;t mu yvrN mtbd{e mu "t;w lwfUmtl ;:t
Wsto YJk bqgJ"ol fUe ca; ntu;e ni> "trJfU fUe rhfUJhe ;:t
tid vwlaf{Ut mu Rvt; mkgkttuk fUtu r; JMo ` 5,176 fUhtu\z
fuU ytmvtm fUe hfUb fUt rJteg ttC ntu;t ni> RmfuU yr;rh;
YVU Ym Yl Yt / F S N L
The main risk and the area of concern for the Company is
reduction in availability of metallics i.e. less arisal of scrap in
the slag. Due to this the cost of operation has increased since
there will be less recovery of metallics although the activities
required to be carried out will remain unchanged, even
sometimes more effort is required which further adds cost of
operation. There is significant increase in the cost of operation
and maintenance of equipment and cost of manpower in the
recent past which is likely to be increased at a higher rate
resulting in increase in cost of operation. However, the
remuneration received from the customers for the services
provided is not being compensated with the expenditure which
in turn has affected the balance sheet of the company to a
great extent.
SEGMENT REPORTING :
During the year the company was engaged only in the business
of scrap recovery and allied jobs for various steel plants in
India which as per Accounting Standard AS-17 is considered
the only reportable business segment. The geographical
segmentation is not relevant, as the company has no business
operation outside India.
Opportunities:
Threats:
Outlook:
YVU Ym Yl Yt / F S N L
ltbtkfUl rfUgt dgt ;trfU Wnuk mkckr"; Gut buk yvlu fUtiNt ;:t
mtbgo fUtu c\Ztlu fUt yJmh rbtu ;:t ytiturdfU titurdfUe buk
r=l-r;r=l rJfUtm mu Jgk fUtu yJd; fUh mfuU>
rNGt fuU rtY mbSti;t ttvl tgtuk fUt IWf]UO ;h vqht
fUh rtgt dgt ni>
fUvle fuU fUthtucth Wgtuk fUe trt fuU rtY fUvle buk yt;rhfU
rlgktt fUe YfU mVUt ttte ni stu yg ct;tuk fuU mt: Nw;t
;:t rJteg Fztuk fUe ;vh;t, attltuk fUe =G;t, rl"torh;
ler;gtuk YJk rf{Ugtytuk fuU mt: vttl ;:t fUtlql YJk rlgbltuk fuU
mt: vttl fUh;t ni>
Yxtule atfUtu
ckt rl=uNfU
ce. ce rmkn
rl=uNfU
bik DturM; fUh;t nw rfU fUvle tht bzt fuU m=gtuk ;:t Jrh
ck"l fuU rtY yrCfUrv; YJk ykdef]U; ytath mkrn;t r;btl
r=. 30.04.2008 fUtu vrhmkarh; mkfUv fuU ylwmth ni ;:t
bzt fuU mCe m=g ;:t Jrh ck"l lu rJteg JMo
2011-12 fuU rtY ytath mkrn;t fUt =]\Z;t mu vttl fUhlu fUe
vwr fUe ni>
Yxtule atfUtu
ckt rl=uNfU
26
YVU Ym Yl Yt / F S N L
Antony Chacko
Managing Director
B. B. Singh
Director
MDS DECLARATION
CAUTIONARY STATEMENT:
Statements in the Management Discussion and Analysis
describing the Companys objectives and expectations may be
forward looking statements. Actual results may differ materially
from those expressed or implied which could make a difference
Antony Chacko
Managing Director
27
YVU Ym Yl Yt / F S N L
nblu mCe stlfUthe ;:t vefUhttuk fUtu, stu nbthu tuFt vheGt fuU gtusl fuU rtY ytJgfU :u, tt rfUgt>
2.
nbthe htg buk fkUvle lu mbwra; tuFt Ft;tytuk fUtu hFt ni, simt rfU fUtlqle v mu she ni, yc ;fU fuU Wl cne-Ft;tuk
fuU nbthu vheGt mu nbuk fUx ntu;t ni>
3.
Rm r;Ju=l fuU mt: gJ]; ;wtl-vt, ttC YJk ntrl Ft;t ;:t lfU=e Jtn rJJhte tuFt Ft;tuk fuU mt: ylwck" buk ni>
4.
nbthe htg buk, Rm r;Ju=l fuU mt: gJ]; ;wtl-vt ;:t ttC YJk ntrl Ft;t yr"rlgb fUe "tht
(3C) buk Jrto; tuFt btlfUtuk fUt ylwvttl fUh;t ni>
5.
Cth; mhfUth, rJt bktttg, fkUvle fUtgo rJCtd yr"mqalt f{U.se Ym yth 829 (Ro), r=lktfU 21 yxqch, 2003 fUe N;tuo buk
mhfUthe fkUvrlgtu fUtu yr"rlgb fUe "tht 274 fUe Wv-"tht (1) fuU Fkz (se) fuU tJ"tl fUe gtug;t mu Aqx ni>
6.
nbthe htg buk ;:t nbthe Wtb stlfUthe fuU rtY YJk nbuk r=Y dY vefUhttuk fuU ylwmth bnJvqto tuFt ler;gtuk ;:t Wmvh
tuFtytuk vh rxvrtgtuk fuU mt: vrX; fUr:; tuFt Cth; buk mtbtg;& JefUtgo tuFt btlfUtuk fuU mt: ylqv;t buk Fht YJk Wra;
=]rfUtut =tl fUh;t ni>
1. 31
btao,
2012
211
fUe Wv-"tht
2.
Wm r;r: fUtu mbtt JMo fuU rtY fkUvle fuU ttC fUt ttC YJk ntrl Ft;t fuU btbtu buk, ;:t
3.
Wm r;r: vh mbtt JMo fuU rtY fkUvle fuU lfU=e Jtntuk fUt lfU=e Jtn rJJhte fuU btbtu buk>
Jt;u htsu mt=
ml=e tuFtvtt
htt FzutJtt
mtSu=th
m=g;t f{ . 079628
VUbo vksefUhK f{U. 000203C
2012
28
YVU Ym Yl Yt / F S N L
We have audited the attached Balance Sheet of Ferro Scrap Nigam Limited (the company) as at 31st March
2012 and also the Profit & Loss Account for the year ended on that date annexed thereto. These financial
statements are the responsibility of the companys management. Our responsibility is to express an opinion on
these financial statements based on our audit.
We conducted our audit in accordance with the auditing standard accepted in India. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amount and
disclosures in the financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by the management in the preparation of the financial statement, as well as evaluating
the overall financial statements presentation. We believe that our audit provides a reasonable basis for our
opinion.
As required by the companies (Auditors Report) Order, 2003 as amended by companies (Auditors Report)
(Amendment) Order, 2004(hereinafter together referred to as the order), issued by the central government of
India in terms of sub section (4A) of section 227 of The companies Act, 1956 (hereinafter referred to as the Act)
we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.
Further to our comments in the Annexure referred to above, we report that:
(i)
We have obtained all the information and explanations, which to the best of our knowledge and belief
were necessary for the purpose of our audit;
(ii)
In our opinion, proper books of account as required by law have been kept by the company so far as
appears from our examination of those books;
(iii)
The balance sheet, the profit and loss account and the cash flow statement dealt with by this report
are in agreement with the books of account;
(iv)
In our opinion, the Balance Sheet and Profit and Loss account dealt with by this report comply with
the accounting standards referred to in sub-section (3C) of section 211 of the Act;
(v)
In terms of government of India, Ministry of Finance, Department of company Affairs Notification No.
GSR 829(E) dated 21st October, 2003 Government companies are exempt from the applicability of
provision of clause(g) of sub-section (1) of section 274 of the Act;
(vi)
In our opinion and to the best of our information and according to the explanations given to us, the said
accounts read with significant accounting policies and notes on accounts thereon give a true and fair
view in conformity with the accounting principles generally accepted in India
a.
In the case of the Balance Sheet of the state of affairs of the company as at 31st March 2012.
b.
In the case of the Profit and Loss account, of the profit of the company for the year ended on that
date; and
c.
In the case of the Cash flow statement, of the cash flows of the company for the year ended on
that date.
RAHUL KHANDELWAL
Partner
Membership No. 079628
Firm Regn. No.000203C
Place : Bhilai
Date : 30th June, 2012
29
YVU Ym Yl Yt / F S N L
3 fUtu
mk=rCo;&
(fU) fkUvle lu ytr;gtuk, rsmfUt Jt;rJfU ttd; vta nsth vgu mu yr"fU mu yr"fU lnek ni, fUtu Atu\zfUh :tge ytr;gtuk
fUt btttbfU gtiht ;:t yJr:r; mrn; mkvqto gtiht =Nto;u nwY mbwra; yrCtuF cltY hFt ni>
(F) ck"l tht
ylwmth Rm
fuU yCtJ buk
mgtvl fuU
JMo fuU =tihtl fwUA :tge ytr;gtuk fUt Ctir;fUeg mgtvl rfUgt dgt> nbuk =e dge mqalt YJk vefUhttuk fuU
mgtvl vh rfUme fUth fUe ;trJfU rJmkdr; lnek vtge dge> ;:trv, Ctir;fU mgtvl fuU rfUme rlra; fUtgof{Ub
nb yvle htg =ulu fUe r:r; buk lnek ni rfU J;obtl ttte Wra; yk;htttuk buk mCe :tge ytr;gtuk fUt Ctir;fU
rtY Wvckr"; fUh;t ni>
(d) JMo fuU =tihtl :tge ytr;gtuk fUt fUtuRo mthdrCo; Fz fUt rlvxtht lnek rfUgt dgt ;:t RmrtY gn art; mk:tl "thtt
fUtu CtrJ; lnek fUh;t ni>
2.
(fU) JMo fuU =tihtl ck"l tht J;w-mqragtuk fUt Ctir;fUeg mgtvl rfUgt dgt ni> nbthe htg buk mgtvl fUe ytJ]rt ;foUmkd;
ni>
(F) nbthu rJath mu, ck"l tht vttl rfUY dY J;w-mqragtuk fuU Ctir;fU mgtvl fUe rf{UgtY fUvle fuU ytfUth YJk RmfuU
gtvth fUe f]Ur; fuU mkck" buk ;foUmkd; ;:t vgtot ni>
(d) J;w-mqae yrCtuFtuk fuU nbthu vheGt fuU yt"th vh nbthe htg buk fkUvle J;w-mqae fuU mbwra; yrCtuF fUtu cltY hF;e
ni > cne yrCtuFtuk fUe ;wtlt buk J;w-mqae fuU Ctir;fU mgtvl vh vtge dge rJmkdr;gtu fUvle fuU attltuk fuU mkck" buk
;trJfU lnek :e> ;:trv, Wmu Wra; v mu tuFt Ft;t buk rfUgt dgt ni>
3.
(fU) fkUvle lu yr"rlgb fUe "tht 301 fuU yk;do; vturM; vkse buk mrbrt; fkUvrlgtuk, VUbtuo y:Jt yg vGtuk fUtu fUtuRo Ce r;Cq;
gt yr;Cq; }Uttuk fUtu bksqh lnek fUe ni> ;=lwmth yt=uN fUt ylwAu= (3) (y) mu (3) (D) ttdq lnek ni>
(F) fkUvle lu yr"rlgb fUe "tht 301 fuU yk;do; vturM; vkse buk mrbrt; fkUvrlgtuk, VUbtuo y:Jt yg vGtuk mu fUtuRo r;Cq;
gt yr;Cq; }Ut lnek te ni> ;=lwmth yt=uN fUt ylwAu= (3)(Ro) mu (3)(se) ttdq lnek ni>
4.
nbthe htg buk ;:t nbuk =e dge mqalt YJk vefUhttuk fuU ylwmth, :tge ytr;gtuk fuU f{Ug YJk btt fuU rJf{Ug fuU rtY gnt
fkUvle fuU ytfUth ;:t RmfuU gtvth fUe f]Ur; fuU ylwv YfU vgtot yt;rhfU rlgktt ttte ni> scrfU, fkUvle fuU Ft;tuk YJk
yrCtuFtuk fUt nbthu vheGt fuU yt"th vh ;:t nbuk =e dge mqalt YJk vefUhttuk fuU ylwmth nb l ;tu WmfuU vth yt;u nik
l ne nbuk fUr:; ykt;rhfU rlgktt ttte buk c\ze Ftrbgtuk fUtu mw"thlu nu;w fUtuRo rlhk;h rJVUt;t fUe mqalt =e dge ni>
5.
fUvle lu Yumu fUtuRo btbttuk fUtu =so lnek fUe ni rsmu rfU yr"rlgb fUe "tht
ni>
6.
fkUvle lu sl;t mu sbtytuk fUtu JefUth lnek fUe ni> ;=lwmth, yt=uN fUt ylwAu= (6) ttdq lnek ni>
7.
nbthe htg buk fkUvle fUt yt;rhfU tuFt vheGt ttte mtbtg;& ytfUth ;:t RmfuU fUthtucth fUe f]Ur; fuU ylwv ni>
8.
yr"rlgb fUe "tht 209 fUe Wv-"tht (1) fuU Fkz (ze) fuU y;do; fuUeg mhfUth tht ttd; yrCtuFtuk fUt hF-hFtJ rl"torh;
lnek rfUgt dgt ni>
9.
(fU) nbuk =e dge mqalt YJk vefUhttuk fuU ylwmth ;:t fUvle fuU yrCtuFtuk fUt nbthu vheGt fuU yt"th vh CrJg rlr" (CrJg
rlr" cfUtgtuk fUtu WmfuU yvlu Aqx tt CrJg rlr" cfUtgtuk fUtu WmfuU yvlu Aqx tt CrJg rlr" gtm buk sbt rfUgt st;t
ni) mrn; yrJJtr=; Ji"trlfU cfUtgt, ytgfUh, rJf{Ug fUh/bqg mbtrn; fUh, "l fUh, mebt NwfU, WvfUh YJk fUtuRo yg
JitrlfU cfUtgtuk, simt rfU fkUvle fuU rtY gtug ni, fUtu Wvgw; tr"fUthtuk fUtu rlgrb; v mu sbt rfUgt dgt ni>
301
simt nbuk gn c;tgt dgt ni rfU rlJuNfU rNGt ;:t mkhGt rlr", fUboathe htg cebt gtuslt, rJf{Ug fUh YJk ytcfUthe
NwfU fuU vrhug buk fkUvle vh cfUtgt lnek :t>
fUvle yrtrlgb, 1956 fUe ttht 441 fuU y;do; WvfUh fuU vrhug b gnt fUtuRo =ug ln ntudt gtrfU Cth; fuU fuU={eg
mhfUth tht yc ;fU WU fUr:; ttht fUtu CtJNet ln rfUgt dgt ni>
30
YVU Ym Yl Yt / F S N L
ii.
iii.
(a)
The company has maintained proper records showing full particulars including quantitative details and situation of fixed
assets except the assets whose actual cost does not exceed five thousand rupees.
(b)
Some of the fixed assets were physically verified during the year by the management. According to the information and
explanation given to us no material discrepancy is noticed on such verification. However, in the absence of any definite
programme of physical verification, we are not in a position to give our opinion that the present system provides for physical
verification of all the fixed assets at reasonable intervals.
(c)
No substantial part of Fixed assets were disposed off during the year, and therefore, do not affect the going concern
assumption.
(a)
The inventory has been physically verified by the management during the year. In our opinion, the frequency of verification
is reasonable.
(b)
In our opinion, the procedures of physical verification of inventories followed by the management are reasonable and
adequate in relation to the size of the company and the nature of its business.
(c)
On the basis of our examination of the inventory records, in our opinion, the company is maintaining proper records of
inventory. The discrepancies noticed on physical verification of inventory as compared to book records were not so material
having regard to the operation of the company. However, the same has been properly dealt with in books of account.
(a)
The company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register
maintained under section 301 of the Act. Accordingly paragraphs (iii) (a) to (iii) (d) of the order are not applicable.
(b)
The company has not taken any loans, secured or unsecured from companies, firms or other parties covered in the register
maintained under section 301 of the Act. Accordingly paragraphs (iii) (e) to (iii) (g) of the order are not applicable.
iv.
In our opinion and according to information and explanation given to us, there is an adequate internal control system commensurate
with the size of the company and the nature of its business, for the purchase of fixed assets and for the sale of goods. Further, on
the basis of our examination of books and records of the Company and according to the information and explanations given to us,
we have neither come across nor have been informed of any continuing failure to correct major weakness in the aforesaid internal
control system.
v.
The company has not entered into any such transactions that are required to be entered into register in pursuance of section 301
of the Act.
vi.
The Company has not accepted deposits from the public. Accordingly, paragraph (vi) of the order is not applicable.
vii.
In our opinion, the companys internal audit system is generally commensurate with the size and nature of its business.
viii.
Maintenance of cost records has not been prescribed by the Central Government under clause (d) of sub-section (1) of section 209
of the Act.
ix.
(a) According to the information and explanation given to us and on the basis of our examination of the records of the company,
undisputed statutory dues including Provident Fund (Provident Fund dues is deposited to its own exempted Provident Fund
Trust), Income Tax, Sales Tax/ VAT, Wealth Tax, Custom Duty, Cess and Any other statutory dues as applicable to the
Company have generally been regularly deposited with the appropriate authorities.
As explained to us the Company did not have dues on account of Investor Education and Protection Fund, Employee state
Insurance scheme, sales tax and excise duty.
There were no dues on account of cess under section 441A of the Companies Act, 1956 since the aforesaid section has not
yet been made effective by the central Government of India.
31
YVU Ym Yl Yt / F S N L
(F) nbuk =e dge mqalt fuU ylwmth gnt rJJtr=; Ji"trlfU cfUtgt ni rsmu sbt lnek rfUgt dgt ni, simt rfU leau r=gt
st hnt ni
ygt=uN
fUt ltb
cfUtgt
fUt fUth
yJrt, rsmmu
hfUb mkcrk t;
ni
42.03
lJch, 2002
mu yit, 2004
vtilJtor=fU trtfUth
(meRYmxeYxe, fUtutfUt;t)
660.72
10.09.2004
vtilJtor=fU trtfUth
(meRYmxeYxe, lRo r=e)
1,395.92
71.93
324.01
swttRo, 2003
mu rm;kch, 2007
vtilJtor=fU trtfUth
(meRYmxeYxe, lRo r=e)
256.02
bRo, 2004 mu
btao 2007
1973.99
vtilJotr=fU trtfUth
(meRYmxeYxe, fUtutfUt;t)
mu
28.02.2005
01.03.2005 mu
31.1.2008
32
YVU Ym Yl Yt / F S N L
(b) According to the information given to us, there are disputed statutory dues which have not been deposited as given herein below:
Name of the Statute
Nature of Dues
Period to which
the amount
ralates
Service Tax on
"Cargo Handling
Services" at Duburi
unit as demanded by
Suptd. of Central
Excise, Jajpur.
(net of payment made)
42.03
Nov 2002
to
Apr 2004
Apellate Authorities,
(CESTAT, Kolkata)
Service Tax on
"Business Auxiliary
Services" at Bhilai
Durgapur, Vizag,
Dolvi & Duburi unit as
ordered by Commission
of Central Excise and
Customs Raipur
660.72
10.09.2004
to
28.02.2005
Apellate Authorities,
(CESTAT, New Delhi)
Service Tax on
Business Auxiliary
Services at
Bokaro Unit as
ordered by
Commissioner, Central
Escise and Custom,
Ranchi
1,395.92
01.03.2005
to 31.01.2008
Commissioner,
Ranchi and
Appellate Authorities,
(CESTAT, Kolkata)
Service Tax on
"Business Auxiliary
Services" at
Burnpur unit as
ordered by Additional
Commissioner, Central
Excise & Customs,
Bolpur and Assistant
Commissioner, Central
Escise and Custom,
Asansol
71.93
Sept .2004
to Feb. 2005 &
Apr 2005 to
Sept 2006
Commissioner
(Appeals), Kolkata
Service Tax on
"Cargo Handling
Services" at Bhilai unit
as ordered by
Commissioner, Central
Escise and Custom,
Raipur
324.01
July 2003
to
Sept 2007
Apellate Authorities,
(CESTAT, New Delhi)
Service Tax on
Cargo handling
Services at
Duburi unit Demanded
by Commissioner,
Central Excise,
Bhubaneswar
256.02
May 2004
to
Mar 2007
Commissioner,
Central Excise
Bhubhaneshwar-1
Service Tax on
Business Auxiliary
Services and Cargo
Handling Services
at Durgapur Steel
Plant and Alloy
Steel Plant
1,973.99
Apr 2003
to
Mar 2008 &
Oct 2003
to
Nov 2008
Appellate
Authorities,
(CESTAT,
Kolkata)
33
YVU Ym Yl Yt / F S N L
ygt=uN
fUt ltb
cfUtgt
fUt fUth
yJrt, rsmmu
hfUb mkcrk t;
ni
482.31
69.64
yit, 2009 mu
btaoo 2010
74.86
yxqch, 2009 mu
btao, 2010
vtilJotr=fU trtfUth
(meRYmxeYxe, fUtutfUt;t)
43.56
2002-2003
W\zemt ldhvtrtfUt
yr"rlgb, 1950
1,113
W\zemt Wa gtgttg
(10) rJteg JMo fUe mbtrt ;fU fkUvle fUtu fUtuRo mkra; Dtxt lnek ni ;:t nbthu tuFt vheGt fuU tht ytJrh; rJteg JMo ;:t XefU
vqJoJ;eo rJteg JMo fuU =tihtl lfU= lwfUmtl Wvd; lnek nwyt> ;=lwmth yt=uN fUt ylwAu= (10) ttdq lnek ni>
(11) fkUvle lu rJteg mk:tltuk y:Jt cikfUtuk fUtu cfUtgt htrN fUe awfUti;e buk aqfU lnek fUe ni>
(12) fkUvle lu ykNtuk, }Ut-vttuk ;:t yg r;Cqr;gtuk fUtu rdhJe fuU tht mwhrG; fUh fUtuRo }Ut YJk yrd{b bksqh lnek fUe ni> ;=lwmth,
yt=uN fUt ylwAu= (12) fkUvle vh ttdq lnek ni>
(13) fkUvle
rax VkUz y:Jt rlr"/gqawyt culerVUx VkUz/mtumtRoxe lnek ni> ;=lwmth, yt=uN fUt vrhAu= (13) fkUvle vh ttdq lnek
ni>
(14) fkUvle
ykNtuk, r;Cqr;gtuk, }Ut-vttuk ;:t yg rJrlJuNtuk buk tul-=ul y:Jt gtvth lnek fUh hne ni>
(15) fkUvle
lu cikfU y:Jt rJteg mk:tltuk mu yg tht rtY dY }Uttuk fuU rtY fUtuRo sbtl; lnek =e ni>
(16) fkUvle
lu fUtuRo mtJr" }Ut tt lnek fUe ni, y;YJ mkc ylwAu= ttdq lnek ni>
(17) yvfUtrtfU
yt"th vh WXtY dY rlr"gtuk fUt Wvgtud tkce yJr" fuU rtY lnek fUe dge ni ;:t yvtJr"fU ytr;gt buk vqkse
tdtlu fuU rtY rfUme =eDofUtrtfU rlr"gtuk fUt Wvgtud lnek rfUgt dgt ni>
(18) fkUvle
(19) ylwAu=
301
fuU y;do; vturM; vkse buk ytlu Jttu vGtuk ;:t fkUvrlgtuk fUtu ykNtuk fUe fUtuRo vqJtor"btle ytJkxl
(19) fUe rJMg-J;w fkUvle fuU rtY ttdq lnek ni gtukrfU fkUvle lu JMo fuU =tihtl rfUme }Ut-vttuk fUtu sthe lnek fUe
34
YVU Ym Yl Yt / F S N L
Nature of Dues
Period to which
the amount
ralates
Service Tax on
Business Auxiliary
Services and Cargo
Handling Services at
Durgapur Steel Plant
482.31
Apr 2008
to
May 2009 &
June 2009
to Sep 2009
Commissioner,
Kolkata and
Appellate
Authorities,
(CESTAT, Kolkata)
Service Tax on
Cargo Handling
Services at
Duburi unit as
demanded by
Commissioner,
Bhubaneswar
69.64
April 2009
to
March, 2010
(CESTAT, Kolkata)
Service Tax on
Business Auxiliary
Services at
Durgapur unit as
demanded by
Commissioner, Central
Excise, Bolpur
74.86
Oct 2009
to
March, 2010
Appellate
Authorities,
(CESTAT, Kolkata)
Orissa Sales
Tax Act, 1947
43.56
2002-03
Sales Tax
Tribunal, Cuttack
Orissa Municipal
Act,1950
Octroi on heavy
earthmoving equipment
like Dumpers, Dozers
etc. by Notified Area
Council, Rourkela
(Steel Township)
1,113
Orissa
High Court
x.
The company does not have any accumulated losses of the company at the end of the financial year and
has not incurred cash losses during the financial year covered by our audit and in the immediately preceding
financial year Accordingly (x) of the Order in not applicable.
xi.
The company has not defaulted in repayment of dues to a financial institution or bank.
xii.
The company has not granted any loans and advance on the basis of security by way of pledge of shares,
debentures and other securities. Accordingly, paragraph (xii) of the order is not applicable to the company.
xiii. The company is not a chit fund or a nidhi/mutual benefit fund/society. Accordingly, paragraph (xiii) of the
order is not applicable to the company.
xiv. The company is not dealing or trading in shares, securities, debentures and other investments.
xv. The company has not given any guarantee for loans taken by others from bank or financial institutions.
xvi. The company has not obtained any term loans hence the relevant paragraph is not applicable.
xvii. No funds raised on short-term basis have been used for long term investment and no long term funds have
been used to finance short term assets.
xviii. The company has not made any preferential allotment of shares to parties and companies covered in the
Register maintained under section 301 of the Act.
xix. The content of paragraph (xix) is not applicable to the company as the company has not issued any debentures
during the year.
35
YVU Ym Yl Yt / F S N L
ni>
(20) fUvle
lu JMo fuU =tihtl ttufU-rJJtfU tht rfUme hfUb fUtu mbw:trv; lnek fUe ni> y;YJ, Rm ylwAu= fUe tJ"tluk ttdq lnek
ni>
(21) nbuk
=e dge mqalt ytih vefUhttuk fuU ylwmth nbthu tuFt vheGt fuU =tihtl fkUvle vh y:Jt fkUvle tht fUtuRo "tuFt"\ze lne
=uFe dge y:Jt l ne mqra; fUe dge>
Jt;u htsu mt=
ml=e tuFtvtt
htt FzutJtt
mtSu=th
m=g;t f{ . 079628
VUbo vksefUhK f{U. 000203C
2012
36
YVU Ym Yl Yt / F S N L
xx. The Company has not raised any money by public issues during the year. Hence, provisions of this paragraph
are not applicable.
xxi. According to the information and explanation given to us, no fraud on or by the company has been noticed
or reported during the course of our audit.
RAHUL KHANDELWAL
Partner
Membership No. 079628
Firm Regn. No.000203C
Place : Bhilai
Date : 30th June 2012
37
YVU Ym Yl Yt / F S N L
r=.
31
btao,
1956
2012
fUtu mbtt JMo fuU rtY VUuhtu fiUv rldb rtrbxuz fuU tuFtyt vh fUvle yrtrlgb,
fUe ttht 619(4) fuU y;do; rlgktfU YJk Cth; fuU bnttuFt vheGfU fUe rxvrKgt
fUvle yrtrlgb, 1956 fuU y;do; rJrn; rJteg rJJhKe Ztat fuU ylwmth 31 btao, 2012 fUtu mbtt JMo
fuU rtY VUuhtu f{i v rldb rtrbxuz fuU rJteg rJJhrKgt fUtu ;igth fUhlt fUvle fuU cktl fUt =trgJ ni>
Cth;eg ml=e tuFtvtt mk:tl fuU J]rtfU rlfUtm tht rlttorh; tuFt vheGK ;:t rJJtm btlfU fuU ylwmth
J;kt tuFt vheGK fuU yttth vh fUvle yrtrlgb, 1956 fUe ttht 227 fuU y;do; Rl rJteg rJJhrKgt
vh htg yrCgU fUhlu fuU rtY fUvle yrtrlgb, 1956 fUe ttht 619(2) fuU ;n;T rlgktfU YJk Cth; fuU bnttuFt
vheGfU tht rlgwU JittrlfU tuFt vheGfU Wth=tge n> Rmu r=ltkfU 30 sql, 2012 fuU WlfuU tuFt vheGK
r;Ju=l fuU ylwmth WlfuU tht vqht rfUgt dgt>
biklu rlgktfU YJk Cth; fuU bnttuFt vheGfU fUe ytuh mu 31 btao, 2012 fUtu mbtt JMo fuU rtY VuUhtu f{Uiv
rldb rtrbxuz fUe rJteg rJJhrKgt fUt fUvle yrtrlgb, 1956 fUe ttht 619(3)(F) fuU y;do; vqhfU tuFt
vheGK rfUgt> Rl vqhfU tuFt vheGK fUtu JittrlfU tuFt vheGfUt fuU fUtgo-vtt fuU rclt J;kt v mu mkvtr=;
rfUgt dgt ;:t gn t:rbfU v mu JittrlfU tuFt vheGfUt ;:t fkUvle fuU fUboatrhgt mu vqA;tA YJk fwUA
tuFt yrCtuFt fUe sta-v\z;tt ;fU merb; :t> buhu tuFt vheGK fuU yttth vh buhe stlfUthe b fUtuRo Ce
yrCtg buhu gtl b lnek ytgt ni ;:t rsmvh y:Jt fUvle yrtrlgb, 1956 fUe ttht 619(4) fuU ;n;
JittrlfU tuFt vheGfU r;Ju=l fuU vrhrNx vh fUtuRo rxvKe W]; fUe st mfuU>
38
YVU Ym Yl Yt / F S N L
The preparation of financial statements of Ferro Scrap Nigam Limited for the year ended
31 March 2012 in accordance with the financial reporting framework prescribed under the Companies
Act, 1956 is the responsibility of the management of the company. The statutory auditor appointed by
the Comptroller and Auditor General of India under Section 619(2) of the Companies Act, 1956 is
responsible for expressing opinion on these financial statements under section 227 of the Companies
Act, 1956 based on independent audit in accordance with the auditing and assurance standards
prescribed by their professional body the Institute of Chartered Accountants of India. This is stated to
have been done by them vide their Audit Report dated 30th June 2012.
I on behalf of the Comptroller and Auditor General of India have conducted a supplementary audit
under section 619(3)(b) of the Companies Act, 1956 of the financial statements of Ferro Scrap Nigam
Limited for the year ended 31 March 2012. This supplementary audit has been carried out independently
without access to the working papers of the statutory auditor and is limited primarily to inquiries of the
statutory auditor and company personnel and a selective examination of some of the accounting
records. On the basis of my audit nothing significant has come to my knowledge which would give
rise to any comment upon or supplement to Statutory Auditors Report under section 619(4) of the
Companies Act, 1956.
S. K. Jaiswal
39
YVU Ym Yl Yt / F S N L
31
gtiht
mtg J =ul=trhgt
ykN"trhgtuk fUe rlr"
ykN vkqse
ythrG; YJk yr"NuM
dih J;obtl =trgJ
yg =eDtoJr"fU =trgJ
=eDtoJr"fU tJ"tl
J;obtl =trgJ
yvtJr"fU tJ"tl
=ug gtvth
yg J;obtl =trgJ
yvtJr"fU tJ"tl
ytr;gt
dih J;obtl ytr;gt
:tge ytr;gt
bq;o ytr;gt
ybq;o ytr;gt
fUtgtolwd;T vqkse
rJfUtm fuU y;do; ybq;o ytr;gt
yt:rd; fUh ytr;gtp (Nw)
=eDtoJr"fU }UK YJk yrd{b
yg dih J;obtl ytr;gt
J;obtl ytr;gt
J;w mqragt
tg gtvth
lfU= ;:t cfU yr"NuM
tDw }UK YJk yrd{b
yg J;obtl ytr;gtp
attq JMo
31.03.2012
31.03.2011
2
3
200.00
13,631.63
200.00
13,540.63
4
5
254.81
2,359.17
237.62
1,906.92
6
7
8
9
2,683.26
2,215.18
1,547.64
483.23
(633.65)
2,725.78
1,244.69
744.43
gtud
23,374.92
19,966.42
10
10
10
10
11
12
13
5,577.49
5.78
211.12
67.25
309.64
681.64
374.14
5,435.27
5.19
323.31
61.25
126.35
434.50
312.39
14
15
16
17
18
529.89
1,982.37
9,829.08
184.71
3,621.81
574.49
1,489.54
8,356.30
238.59
2,609.24
gtud
23,374.92
19,966.42
vte
Jt;u YJk rl=uNfU bzt - VuUhtu f{iUv rldb rtrbxuz fUe ytuh mu
Y. ve. Nbto
fuU. bwhte"hl
fUkvle mraJ
YVU Ym Yl Yt / F S N L
ce. ce rmkn
rl=uNf
Yxtule atfUtu
ck" rl=uNf
Note
` in Lakhs
Current Year
31.03.2012
Previous Year
31.03.2011
2
3
200.00
13,631.63
200.00
13,540.63
Non-current liabilities
Other Long term liabilities
Long-term provisions
4
5
254.81
2,359.17
237.62
1,906.92
Current liabilities
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
6
7
8
9
2,683.26
2,215.18
1,547.64
483.23
(633.65)
2,725.78
1,244.69
744.43
TOTAL
23,374.92
19,966.42
ASSETS
Non-current assets
Fixed assets
Tangible assets
Intangible assets
Capital work-in-progress
Intangible assets under development
Deferred tax assets (net)
Long-term loans and advances
Other non-current assets
10
10
10
10
11
12
13
5,577.49
5.78
211.12
67.25
309.64
681.64
374.14
5,435.27
5.19
323.31
61.25
126.35
434.50
312.39
Current assets
Inventories
Trade receivables
Cash and Bank Balance
Short-term loans and advances
Other current assets
14
15
16
17
18
529.89
1,982.37
9,829.08
184.71
3,621.81
574.49
1,489.54
8,356.30
238.59
2,609.24
TOTAL
23,374.92
19,966.42
1 to 49
Notes to accounts referred to above form an integral part of the Balance Sheet
As per our report of even date
For and on behalf of the Board of Directors of Ferro Scrap Nigam Limited
For RAJENDRA PRASAD
CHARTERED ACCOUNTANTS
RAHUL KHANDELWAL
Partner
Membership No. 079628
Firm Regn. No.000203C
Place : Bhilai
Date : 30.06.2012
41
YVU Ym Yl Yt / F S N L
31
btao,
2012
gtiht
vte
attltuk mu htsJ
muJt Cth
19
DxtJuk-muJt fUh
attltuk mu Nw htsJ
20
yg ytg
fwUt htsJ
Fauo
gw; mtbrd{gtuk fUe ttd;
XufuU=thtuk fuU tht muJt fUe ttd;
fUboathe ylwttC Fao
rJt ttd;uk
yJbqgl
yg Fauo
fwUt Fauo
21
22
23
10
24
25
26
fUh Fao:
attq fUh
yt:rd; fUh
yJr" fuU rtY ttC (Dtxt)
31.03.2012
18,075.79
17,740.33
18,075.79
1,612.96
17,740.33
1,661.89
16,462.83
16,078.44
986.02
768.43
17,448.85
16,846.87
2,440.04
5,218.80
6,549.74
90.10
1,078.40
1,563.62
2,703.30
4,806.59
6,142.80
17.94
1,154.58
1,865.21
16,940.70
16,690.42
508.15
156.45
305.82
(6.33)
202.33
162.78
202.33
0.57
162.78
15.23
202.90
178.01
248.71
(183.30)
157.71
(99.40)
137.49
119.70
YVU Ym Yl Yt / F S N L
Note
` in Lakhs
Current Year
31.03.2012
Previous Year
31.03.2011
18,075.79
17,740.33
18,075.79
1,612.96
17,740.33
1,661.89
16,462.83
16,078.44
986.02
768.43
17,448.85
16,846.87
2,440.04
5,218.80
6,549.74
90.10
1,078.40
1,563.62
2,703.30
4,806.59
6,142.80
17.94
1,154.58
1,865.21
16,940.70
16,690.42
508.15
156.45
305.82
(6.33)
202.33
162.78
202.33
0.57
162.78
15.23
202.90
178.01
248.71
(183.30)
157.71
(99.40)
137.49
119.70
687.43
687.43
598.47
598.47
19
Other income
20
Total Revenue
Expenses:
Cost of materials consumed
Cost of Service through contractors
Employee benefits expense
Finance costs
Depreciation
Other expenses
21
22
23
10
24
Total expenses
Profit before exceptional and extraordinary items and tax
Exceptional items
25
26
Tax expense:
Current tax
Deferred tax
Profit (Loss) for the period
Earnings per equity share: (in `)
(1) Basic
(2) Diluted
27
27
1 to 49
Notes to accounts referred to above form an integral part of the Statement of Profit & Loss
As per our report of even date
For and on behalf of the Board of Directors of Ferro Scrap Nigam Limited
43
YVU Ym Yl Yt / F S N L
2011-2012
fuU rtY
` ttF
2011-2012
gtiht
fU.
3,316.91
(510.60)
302.95
(261.20)
44.60
(492.83)
53.88
(1,012.57)
(12.57)
(242.80)
17.19
452.25
(21.01)
167.28
21.83
367.73
625.66
782.11
(821.88)
(39.77)
157.71
(197.48)
15.23
(182.25)
6.33
(175.92)
535.83
359.91
862.52
14.61
528.92
1,132.35
49.36
1,181.71
600.60
151.56
543.53
752.16
(208.63)
40.00
6.49
214.07
(786.88)
(3.02)
(56.26)
(1,215.80)
328.51
995.73
250.53
(334.69)
(319.19)
1,441.14
2,178.35
248.71
1,929.64
0.57
1,930.21
(305.82)
1,624.39
1,154.58
(528.92)
13.18
849.34
229.06
737.21
156.45
1,838.46
2010-2011
508.15
1,078.40
(849.34)
buk
46.49
40.00
6.49
46.49
(46.49)
(46.49)
1,472.78
8,356.30
9,829.08
104.79
8,251.51
8,356.30
Jt;u YJk rl=uNfU bzt - VuUhtu f{iUv rldb rtrbxuz fUe ytuh mu
Y. ve. Nbto
fuU. bwhte"hl
fUkvle mraJ
44
YVU Ym Yl Yt / F S N L
ce. ce rmkn
rl=uNf
Yxtule atfUtu
ck" rl=uNf
2011-2012
1,078.40
(849.34)
3,316.91
(510.60)
302.95
(261.20)
44.60
(492.83)
53.88
(1,012.57)
229.06
737.21
1,441.14
2,178.35
248.71
1,929.64
0.57
1,930.21
(305.82)
1,624.39
(12.57)
(242.80)
17.19
452.25
156.45
1,154.58
(528.92)
(786.88)
(3.02)
(56.26)
(1,215.80)
328.51
995.73
250.53
(334.69)
214.07
(21.01)
167.28
21.83
367.73
1,838.46
862.52
14.61
528.92
1,132.35
49.36
1,181.71
600.60
151.56
(319.19)
625.66
782.11
(821.88)
(39.77)
157.71
(197.48)
15.23
(182.25)
6.33
(175.92)
535.83
359.91
13.18
849.34
2010-2011
508.15
` in lakhs
543.53
752.16
(208.63)
40.00
6.49
46.49
40.00
6.49
46.49
(46.49)
(46.49)
1,472.78
8,356.30
9,829.08
104.79
8,251.51
8,356.30
For and on behalf of the Board of Directors of Ferro Scrap Nigam Limited
A. P. SHARMA
Company Secretary
K. MURALIDHARAN
Executive Director
(Accounts)
45
YVU Ym Yl Yt / F S N L
B. B. SINGH
Director
ANTONY CHACKO
Managing Director
1.1.
1.2.
1.3
:tge yr;gtu
:tge vrhmvr;gtuk mkra; yJGgK ;:t tm, gr= fUtuRo ntu, yNtur"; bqg gturs; fUh Ktte (btuzJix)/fuUe;
bqg gturs; fUh (mulJix) fUe Nw ttd; mu fUb vh fUr:; ni> yvlu Wvt=fU;t fUtu c\Ztlu fuU rtY gtl
buk hFu dY bwg bhb;/vqhe sta vh gg ttd; buk mbtrn; ni>
fUtgtolwd;T vqkse fUt bqgtkfUl ttd; vh ni ;:t rsmbuk vthdbl buk WvfUh ;:t :tge ytr;gtuk fUe ttd;,
stu rfU mqalt fUe r;r: ;fU WmfuU ytNrg; Wvgtud fuU rtY yc ;fU ;igth lne ni, mbtrn; ni>
cufUth/VUtt;q :tge ytr;gt Nw Ft;t bqg ;:t ylwbtrl; Nw Jmqtegtug bqg mu fUb vh bqgtkrfU; ni>
1.4
tm
:tge ytr;gtuk vh tm fUtu mkgkt/bNelhe fUe bwg bhb;/vqhe sta fuU vrhug buk vqksed; gg fUtu Atu\z
fUh mkckr"; vrhmvr;gtuk fuU yJrNx seJl fUtu gtl buk hFfUh rtFu dY gg vh =htuk vh ;:t fUvle yr"rlgb,
1956 fUe ylwmqae-14 buk JrKo; her; buk F\ze huFt vr; vh r=gt dgt ni ;:t snt ;fUlefUe v mu
bqgtkrfU; ylwbtrl; Wvgtude seJl fuU yt"th vh rl"torh; =h, simt rfU leau =Ntogt dgt ni, vh yJbqgl
Ctrh; ni &
dhb tid nizrtkd nu;w gw; mkgkt YJk bNelhe
1.6
xtpfU mqragtu
ymkart; xtpfU mqragtuk fUtu Atu\zfUh xtpfU mqragtuk ttd; y:Jt ctsth bqg, stu Ce fUb ntu, vh bqgtkrfU;
ni> ttd; buk bqg, rJf{Ug fUh/bqg mbtrn; fUh, Ct\zt ;:t yvlu J;obtl :tl ;:t r:r; mu mqragtu ttlu
buk gJ; mCe yg ttd; mbtrn; ni rfU;w Wl J;wytuk vh ytcfUthe NwfU Jrso; ni snt fuUe; bqg
gturs; fUh (mulJix) mtF rlgb, 2004 fuU rlgb 3(1) fuU ylwmhK buk fuUe; bqg gturs; fUh (mulJix) mtF
tulu fuU rtY vtt ni> xtpfU mqae mtbrd{gtuk, rsmu ;el JMtuok mu yr"fU yJr" mu mkart; ln rfUgt dgt,
fUtu ymkart; mqragtuk fuU v buk btlt dgt>
46
YVU Ym Yl Yt / F S N L
BASIS OF ACCOUNTING
The financial statements are prepared as of a going concern under historical cost convention on accrual
basis of accounting in accordance with the generally accepted accounting principles, Accounting
Standards notified under Sec 211(3c) of the Companies Act, 1956 and the relevant provisions thereof.
FIXED ASSETS
Fixed Assets are stated at cost net of eligible modvat/cenvat less accumulated depreciation and impairments, if any. Cost includes the expenditure on major repairs/overhauling considered to have enhanced
their productivity.
Capital Work-in-Progress is valued at cost and includes equipment in transit and the cost of fixed assets
that are not yet ready for their intended use at the reporting date.
The Scraped/redundant fixed assets are valued at lower of the net book value and estimated net realizable
value.
1.4
DEPRECIATION
Depreciation on fixed assets has been provided on Straight-line method at the rates and in the manner
prescribed in schedule XIV to the Companies Act, 1956 except on expenditure capitalized in respect of
major repairs / overhauling of plant and machinery which is at the rate worked out taking into consideration
the residual lives of the respective assets and where depreciation is charged at rates determined on the
basis of technically assessed estimated useful life as shown hereunder.
1.5
20.00%
13.91%
16.21%
IMPAIRMENT OF ASSETS
Impairment loss is provided to the extent of the carrying amount exceeds their recoverable amount. An
impairment loss is charged to the profit & loss account in the year in which an asset is identified as
impaired.
1.6
INVENTORIES
Inventories other than non-moving inventories are valued at cost or market value whichever is less. Cost
includes price, sales tax/VAT, freight and all other costs incurred in bringing the inventories to their present
location and condition but exclude excise duty on those goods where the company is eligible to take
cenvat credit in accordance with rule 3 (1) of the Cenvat Credit Rules2004. The inventory items, which
have not moved for more than three years, are considered as non-moving inventories.
47
YVU Ym Yl Yt / F S N L
ymkart; xtpfU mqragtuk fUt bqgtkfUl JMo 2001-2002 mu r; JMo ttd; fUt 10 r;N; fUb vh rl"torh;
ni>
f{iUv/yltJgfU CzthK b=uk ttd; y:Jt Nw Jmqtegtug bqg, stu Ce fUb ntu, vh bqgtkrfU; ni>
1.7
W"th ttd;
W"th ttd;, vrhbtK fUtu Atu\zfUh snt W"th ttd; ytr;gtuk fuU yr"d{nK, rlbtoK y:Jt ynofUthe ytr;gtuk fUe
Wvrt WmfuU ytNrg; Wvgtud fuU rtY vuN ntulu ;fU me"u W"th ttd; yJr" buk Fao fuU v buk btg ni,
rsmbuk Jn Fao yt, Wm ytr;gtuk fuU ttd; fuU Ctdv buk vqksef]U; ni>
1.8
fUboathe ylwttC
(fU) CrJg rJr" &
ytgfUh tr"fUhK mu btg;tt; gtm tht CrJg rlr" Ntrm; rfUgt st;t ni ;:t Rm rlr" buk ykN=tl
htsJ fuU rtY Ctrh; rfUgt st;t ni> rlJ]rt ylwttC fUboathe vukNl gtuslt, 1995 fuU tht mwhrG; ni>
(F) muJt Wvt=tl &
muJt Wvt=tl fuU vrhug buk =trgJ Cth;eg seJl cebt rldb fuU mbqn Wvt=tl seJl cebt gtuslt fuU y;do;
ytJrh; fUe st;e ni ;:t Rmu Rm Wug nu;w fUvle tht cltY dY ytd yxt gtm fuU tht Ntrm;
rfUgt st;t ni> gtuslt fuU rtY ykN=tl htsJ fUtu Ctrh; rfUgt st;t ni>
(d) vrhJth ylwttC gtuslt &
fUboathe vrhJth ylwttC gtuslt fuU y;do; rl&N; fUboathe/b];fU fUboatrhgtuk fuU fUtlqle Jtrhmtuk fUtu CrJg buk
rfUY stlu Jttu Cwd;tltuk mu mkckr"; tJ"tl fUtu JMo fuU yk; buk Jt;rJfU bqgtkfUl fuU yt"th vh cltgt st;t
ni YJk Jt;rJfU lVUt/lwfUmtl fuU mt: ttC YJk ntrl Ftlt fUtu Ctrh; rfUgt st;t ni>
(D) yg ylwttC &
tu=TCq; AwxTxe, =eDoJr"ofU muJt vwhfUth, muJtrlJ]rt vat;T rarfUmt ;:t rlvxtht ylwttCtuk fuU vrhug buk tJ"tl
fUtu JMo fuU yk; buk Jt;rJfU bqgtkfUl fuU yt"th vh cltgt st;t ni YJk Jt;rJfU lVUt/lwfUmtl fuU mt: ttC
YJk ntrl Ft;t fUtu Ctrh; rfUgt st;t ni>
1.9
1.10
1.11
1.12
YVU Ym Yl Yt / F S N L
Non-moving inventories are valued at cost reduced by ten percent of cost every year from the year
2001-2002.
The scrapped/redundant stores items are valued at cost or net realizable value whichever is lower.
1.7
BORROWING COSTS
Borrowing costs are recognized as an expense in the period in which they are incurred, except to the extent
where borrowing costs that are directly attributable to the acquisition, construction, or production of an
qualifying asset till put into its intended use is capitalized as part of the cost of that asset.
1.8
EMPLOYEE BENEFITS
a) Provident Fund:
Provident Fund is administered by a Trust recognized by Income Tax Authorities and contribution to
this Fund is charged to revenue. Pensioners Benefits are secured through Employees Pension Scheme
1995.
b) Service Gratuity:
Liability on account of service gratuity is covered under Group Gratuity Life Assurance Scheme of Life
Insurance Corporation of India and is administered through a separate irrevocable trust created by the
Company for this purpose. Contribution to the scheme is charged to revenue.
c) Family Benefit Scheme:
The provision towards future payments to the disabled employee/ legal heirs of deceased employees
under the Employees Family Benefit Scheme is made based on the actuarial valuation as at the end of
the year and charged to the profit and loss account along with actuarial gains/losses.
d) Other benefits:
The provision towards accrued leave, long term service award, post retirement medical and settlement
benefits, are made based on the actuarial valuation as at the end of the year and charged to the profit
and loss account along with actuarial gains/losses.
1.9
YVU Ym Yl Yt / F S N L
1.13
ytgfUh&
J;obtl ytgfUh =trgJ fuU rtY ytgfUh yr"rlgb, 1961 fuU y;do; fUh gtug ytg vh ylwtug fUh Aqxtuk,
fUxtir;gtuk ;:t ltbksqrhgtuk fUtu gtl buk hFfUh tJ"tl rfUgt dgt ni> Rm =trgJ fUtu gtug fUh =h y:Jt
ytgfUh yr"rlgb, 1961 fuU 115 su ce "tht;do; gql;b JifUrvfU fUh =h, simt Ce btbtt ntu, vh mkdKlt
fUe st;e ni>
yr;rh; ytg fUh y:Jt rldrb; ttCtkN fUh JMo, rsmbuk fUvle tht fUr:; ttCtkN DturM;, rJ;rh; y:Jt
Cwd;tl ntu;e ni, fuU rtY gtug =htuk fuU yt"th vh =e st;e ni>
1.14
yt:rd; fUh
yt:rd; fUh ytr; y:Jt =trgJ fuU m]sl nu;w rJteg rJJhKe fuU ylwmth ytgfUh fuU rtY fUe dge ttC
fUe mkdKlt ;:t Ft;t ttC fuU bg mbg fuU yk;h fuU fUthK yt:rd; fUh =trgJ fuU rtY Ce tJ"tl
cltge stYde> Rm =trgJ fUtu fuUJt bnmqm rfUgt dgt rfU gr= gnt gwr;mkd; rlra;;t ni ;tu yt:rd;
fUh ytr;gtuk/=trgJ fUt m]sl ntudt ;:t gufU ;wtl-vt fUe r;r: vh vwlrJottufUl rfUgt stYdt> Rm =trgJ
fUe mkdKlt gtug fUh =h y:Jt ytgfUh yr"rlgb, 1961 fuU 115 su.ce. "tht;do; gql;b JifUrvfU =h,
simt Ce btbtt ntu, vh fUe st;e ni> fUttbtvl rCl;t mu yt:rd; fUh ytr;gtu Wm mebt ;fU btlt dgt
ni snt Jt;rJfU rlra;;t ntu rfU ytr;gtu CrJg buk Wdtne fUe st mfuU>
1.15
1.16
gtug mkckr";
gtvth Fz
;:t =trgJtuk,
;:t =trgJtuk
50
YVU Ym Yl Yt / F S N L
51
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte 2 : ykN vqse
` ttF
31 btao, 2012 fUe
gtiht
mkgt
r:r;
hfUb
tr"f]U;
gufU ` 1,000/- fUt mtgtkN
20,000
buk
r:r;
mkgt
hfUb
200.00
20,000
200.00
20,000
200.00
20,000
200.00
20,000
200.00
20,000
200.00
fUkvle mtJosrlfU Gut fUt YfU Wvf{Ub ;:t vqKo;gt Yb Ym xe me rt0 fuU JtrbJ Jtte ni >
fUkvle lu ykNtuk fUt YfU ne Jdo ` 1000/- fuU YfU mb;wg bqg fuU mtgtkN fuU v buk fUhlu fuU rtY Cust ni > mtgtkNtuk fUt gufU
"thfU r; ykN YfU b; fUt nfU=th ni >
fUkvle Cth;eg vgt buk ttCtkN fUe DtuMKt ;:t Cwd;tl fUh;e ni> ttCtkN fUe bttt mCe mtJosrlfU Gut fuU Wvf{Ubtuk fuU rtY ttdq
ttufU Wb rJCtd fuU r=Nt-rl=uoNtuk vh yt"trh; ni> rl=uNfU bzt tht ;trJ; ttCtkN ytdtbe JtrMofU ytb ciXfU buk ykN"trhgtuk
fuU ylwbtu=l fuU y"el ni >
31 btao, 2012 fUtu mtbt; JMo fuU =tihtl mtgtkN"thfUtuk fUtu rJ;hK fuU
` 200/- :e > 31 btao, 2012 fUtu mtbt; JMo fuU rtY ttCtkN buk ykr;b ttCtkN
rJrlgtud ` 48,48,900/- fUe htrN buk ` 6,48,900/- fUt rldrb; ttCtkN fUh
` ttF
31 btao, 2012 fUe
gtiht
JMo fuU ythkC buk cfUtgt ykN
JMo fuU =tihtl sthe ykN
JMo fuU =tihtl Jtvm rtY dY ykN
fUtuRo yg dr;rJr" (f]Uvgt rlr=ox fUhuk)
JMo fUe mbtr; vh cfUtgt ykN
mtgtkN
mkgt
r:r;
hfUb
200.00
200.00
20,000
20,000
200.00
200.00
31 btao,
2012
31 btao,
2011
fUe
fUe
20,000
20,000
mkgt
r:r;
hfUb
20,000
20,000
mkck" fUe
f]Ur;
Yb Ym xe me rtrbxuz
rlgkte fkUvle
52
YVU Ym Yl Yt / F S N L
buk
NOTES ON ACCOUNTS
` in Lakhs
Particulars
As at 31 March, 2012
Number
Amount
As at 31 March, 2011
Number
Amount
Authorised
Equity Shares of ` 1,000 each
20,000
200.00
20,000
200.00
20,000
200.00
20,000
200.00
20,000
200.00
20,000
200.00
Total
The company is a public sector undertaking and a wholly owned subsidiary of MSTC Ltd.
The company has only one class of shares referred to as equity shares having a par value of `.1000/-. Each
holder of equity shares is entitled to one vote per share.
The company declares and pays dividend in Indian Rupees. The quantum of dividend is based on DPE guideline
as applicable to all CPSU. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting.
During the year ended 31st March, 2012,the amount of per share dividend recognised as distributions to
equity shareholders was ` 200/-.The dividend for the year ended March31, 2012 includes ` 200/- per share of
final dividend. Total dividend appropriation amounted to ` 46,48,900/- which includes corporate dividend tax of
` 6,48,900/-.
` in Lakhs
Equity Shares
As at 31 March, 2012
As at 31 March, 2011
Number
Amount
Number
Amount
Particulars
20,000
20,000
200.00
200.00
20,000
20,000
Nature of
Relationship
As at
31 March
2012
As at
31 March
2011
Holding Co
20,000
20,000
MSTC Limited
53
YVU Ym Yl Yt / F S N L
200.00
200.00
Ft;tytuk vh vte
vte
3:
` ttF
attq JMo
buk
d; JMo
31.03. 2012
31.03.2011
37.36
37.36
37.36
37.36
13,503.27
137.49
40.00
6.49
13,430.06
119.70
40.00
6.49
13,594.27
13,503.27
13,631.63
13,540.63
vte
` ttF
buk
d; JMo
31.03. 2012
31.03.2011
254.50
0.31
237.31
0.31
254.81
237.62
gtiht
fUboathe mu mkckr"; =trgJ
fUboathe vrhJth ylwttC gtuslt fuU ;n;T sbtYk
fUboathe mu mkckr"; yg =trgJ
gtud
vte
& =eDofUtrtfU
tJ"tl
` ttF
buk
attq JMo
d; JMo
31.03. 2012
31.03.2011
35.04
1,234.35
605.27
4.25
266.71
34.43
1,107.36
475.16
4.10
285.87
213.55
2,359.17
1,906.92
gtiht
fUboathe ylwttCtuk fuU rtY tJ"tl
muJtrlJ]rt (yrlr"fU)
yJfUtN lfU=efUhK (yrlr"fU)
muJtrlJ]rt vat;T rarfUmt ylwttC
=eDo muJt vwhfUth (yrlr"fU)
fUboathe vrhJth ylwttC gtuslt (yrlr"fU)
yg
J]r =tJtytuk fuU rJh rJf{uU;t fUtu =ug =tJt
gtud
54
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
` in Lakhs
b.
Current Year
31.03. 2012
Previous Year
31.03.2011
Capital Reserves
Opening Balance
Add: Current year transfer
Less: Written back in current year
37.36
37.36
Closing Balance
37.36
37.36
Surplus
Opening balance
Add: Net Profit/(Net Loss) For the current year
Less: Proposed Dividends
Less: Dividend Distribution Tax
13,503.27
137.49
40.00
6.49
13,430.06
119.70
40.00
6.49
Closing Balance
13,594.27
13,503.27
Total
13,631.63
13,540.63
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
254.50
0.31
237.31
0.31
Total
254.81
237.62
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
35.04
1,234.35
605.27
4.25
266.71
34.43
1,107.36
475.16
4.10
285.87
213.55
2,359.17
1,906.92
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte
& yvtJr"fU
gtiht
W"th
` ttF
attq JMo
buk
d; JMo
31.03. 2012
31.03.2011
1,207.83
(633.65)
1,475.43
2,683.26
(633.65)
r;Cq;
fUtgoh;T vkqse }UK
cikfUtuk mu
Rrzgl cikfU, rCttRo fuU mt: ytunhz[tx mebt
yt"{t cikfU, rCttRo fuU mt: ytunhz[tVTUx mebt
(W; }UKtuk fUtu mkckr"; cikfUhtuk fuU vtm hFu dY fkUvle fuU mtJr"fU
sbtytuk fUtu c"fU hFfUh r;Cqr;; rfUgt dgt ni> sbt fUe
vrhvJ;t yJr" ;wtl vt rlr" fUtu YfU JMo mu fUb ni>
gtud
vte
` ttF
attq JMo
d; JMo
31.03. 2012
31.03.2011
10.06
2,205.12
4.34
2,721.44
2,215.18
2,725.78
Yb Ym Yb Ro fuU fUthK
yg fuU fUthK
gtud
vte
buk
` ttF
attq JMo
buk
d; JMo
31.03. 2012
31.03.2011
388.31
322.90
823.35
13.08
298.26
673.26
244.09
29.08
1,547.64
1,244.69
gtiht
yg =ug
fUboathe mu mkckr"; =trgJ
Ji"trlfU t;g
yg =trgJ
fUboathe vrhJth ylwttC gtuslt
gtud
56
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
` in Lakhs
Particulars
Current Year
Previous Year
31.03. 2012
31.03.2011
1,207.83
1,475.43
(633.65)
2,683.26
(633.65)
Secured
Working Capital Loan
From banks
Overdraft limit with Indian Bank, Bhilai
Overdraft limit with Andhra Bank, Bhilai
(The above loans are secured by pledge on fixed deposits of the
company held with respective bankers. The maturity period of
deposit is less than one year as on the balance sheet date)
Total
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
10.06
2,205.12
4.34
2,721.44
2,215.18
2,725.78
Due to MSME's
Due to Others
Total
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
388.31
322.90
823.35
13.08
298.26
673.26
244.09
29.08
1,547.64
1,244.69
Other payables
Employee Related Liabilities
Statutory Dues
Other Liabilities
Employee Family Benefit Scheme
Total
57
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte 9 & yvtJr"fU tJ"tl
` ttF
attq JMo
d; JMo
31.03. 2012
31.03.2011
199.27
56.10
470.17
54.58
44.23
28.15
0.30
71.04
1.71
44.90
18.24
0.33
68.87
2.28
40.00
6.49
35.94
40.00
6.49
38.57
483.23
744.43
gtiht
(fU) fUboathe ylwttCtuk fuU rtY tJ"tl
Ju;l vwlheGK fuU rtY
YythseYm fuU rtY
muJtrlJ]rt vat;T ylwttC gtuslt fuU rtY
yJfUtN lfU=efUhK (yrlr"fU)
muJtrlJ]rt vat;T rarfUmt ylwttC (yrlr"fU)
=eDo muJt vwhfUth (yrlr"fU)
fUboathe vrhJth ylwttC gtuslt (yrlr"fU)
muJt rlJ]rt (yrlr"fU)
(F) yg
;trJ; ttCtkN
ttCtkN rJ;hK fUh
yg
gtud
vte
10
` ttF
:tge ytr;gt
yJbqgl
vrhJ"olu
fUe
bq;o ytr;gt
CJl
mkgkt YJk WvfUh
VUleoah YJk sw\zlth
Jtnl
fUtgtotg WvfUhK
gtud (i)
d; JMo (i)
bq;o ytr;gt (vxTxt y;do;)
Cqrb
gtud (ii)
d; JMo (ii)
gtud fU = (i+ii)
d; JMo (i+ii)
ybq;o ytr;gt
mkdKfU mtVUxJugh
gtud (F)
d; JMo (F)
fUtgtolwd; vqkse
rlvxtl fu U Rk ; sth bu :tge ytr;gt
gtuud (d)
d; JMo
rJfUtm fuU y;do; ybq;o
ytr;gt (D)
d; JMo
gtuud (fU+F+d+D)
d; JMo
buk
buk
Nw mkag
fUxtir;gt/
mbtgtusl
31.3.2012
1.4.2011
fUxtir;gt/
mbtgtusl
31.3.2012
31.3.2011
fUe
JMo fuU
rtY
31.3.2012
fUe
fUe
;fU
fUe
(10.24)
414.40
19,227.67
71.18
347.22
229.78
123.20
13,046.40
52.29
247.24
163.51
11.22
1,029.44
2.18
22.32
11.84
(5.70)
9.58
0.06
0.40
128.72
14,085.42
54.53
269.56
175.75
285.68
5,142.25
16.65
77.66
54.03
250.91
5,025.89
14.76
84.32
56.19
374.11
18,072.29
67.05
331.56
219.70
50.53
1,155.38
4.13
15.66
10.08
19,064.71
1,235.78
(10.24)
20,290.25
13,632.64
1,077.00
4.34
14,713.98
5,576.27
5,432.07
18,545.01
767.13
(245.57)
19,066.57
12,710.27
1,153.32
(230.95)
13,632.64
5,433.93
5,834.74
1.35
4.13
4.13
2.78
0.13
2.91
1.22
4.13
4.13
2.78
0.13
2.91
1.22
1.35
4.13
4.13
2.66
0.13
2.79
1.34
1.47
19,068.84
1,235.78
(10.24)
20,294.38
13,635.42
1,077.13
4.34
14,716.89
5,577.49
5,433.42
18,549.14
767.13
(245.57)
19,070.70
12,712.93
1,153.45
(230.95)
13,635.43
5,435.27
5,836.21
7.05
11.38
11.38
4.33
1.27
5.60
5.78
11.38
11.38
4.33
1.27
5.60
5.78
7.05
3.30
6.22
9.52
3.20
1.13
4.33
5.19
0.10
211.36
111.95
(103.42)
(8.77)
107.94
103.18
107.94
103.18
211.36
111.95
323.31
(112.19)
211.12
211.12
323.31
551.14
76.19
(304.02)
323.31
323.31
551.14
61.25
6.00
67.25
67.25
61.25
61.25
61.25
61.25
19,464.78
1,241.78
(122.43)
20,584.13
13,639.75
1,078.40
4.34
14,722.49
5,861.64
5,825.03
19,103.58
910.79
(549.59)
19,464.78
12,716.13
1,154.58
(230.95)
13,639.76
5,825.02
6,387.45
htWhfuUtt, clovwh, rCttRo, ctufUthtu, rJstd, =wdtovwh, ztutJe, zwcwhe ;:t nrhth b Ju CqFkz, rslvh fkUvle fUt mkgkt YJk CJl ni, l ;tu vqKo JtrbJ b ni ytih l ne vxTxt"];
ni> fUkvle lu muJt ylwck"t fuU Ctd fuU v b Cq-Jtrbgt mu rl&NwfU Wvgtud fUhlu fUt yr"fUth t; fUh rtgt ni> scrfU, fUkvle lu mut, ce.Ym.ve. mu r=. 29 r=mch,
1988 fuU CtJ mu 33 JMtuo fuU NtJ; vxTxu vh Cqrb fUtu t; rfUgt ni, rsmvh vksef]U; fUtgtotg CJl fUt rlbtoK rfUgt dgt ni rsmfUt Wvgtud rfUgt st hnt ni >
58
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
199.27
56.10
470.17
54.58
44.23
28.15
0.30
71.04
1.71
44.90
18.24
0.33
68.87
2.28
40.00
6.49
35.94
40.00
6.49
38.57
483.23
744.43
` in Lakhs
As at
1.4.2011
Tangible Assets
Buildings
Plant and Equipment
Furniture and Fixtures
Vehicles
Office equipment
DEPRECIATION
Additions Deductions/
Adjustment
NET BLOCK
As at
31.3.2012
As at
1.4.2011
For The
Year
Deductions/
Adjustment
Up to
31.3.2012
As at
31.3.2012
As at
31.3.2011
(10.24)
414.40
19,227.67
71.18
347.22
229.78
123.20
13,046.40
52.29
247.24
163.51
11.22
1,029.44
2.18
22.32
11.84
(5.70)
9.58
0.06
0.40
128.72
14,085.42
54.53
269.56
175.75
285.68
5,142.25
16.65
77.66
54.03
250.91
5,025.89
14.76
84.32
56.19
374.11
18,072.29
67.05
331.56
219.70
50.53
1,155.38
4.13
15.66
10.08
Total (i)
19,064.71
1,235.78
(10.24)
20,290.25
13,632.64
1,077.00
4.34
14,713.98
5,576.27
5,432.07
18,545.01
767.13
(245.57)
19,066.57
12,710.27
1,153.32
(230.95)
13,632.64
5,433.93
5,834.74
4.13
4.13
2.78
0.13
2.91
1.22
1.35
Total (ii)
4.13
4.13
2.78
0.13
2.91
1.22
1.35
4.13
4.13
2.66
0.13
2.79
1.34
1.47
Total a= (i+ii)
19,068.84
1,235.78
(10.24)
20,294.38
13,635.42
1,077.13
4.34
14,716.89
5,577.49
5,433.42
18,549.14
767.13
(245.57)
19,070.70
12,712.93
1,153.45
(230.95)
13,635.43
5,435.27
5,836.21
7.05
Intangible Assets
Computer software
11.38
11.38
4.33
1.27
5.60
5.78
Total (b)
11.38
11.38
4.33
1.27
5.60
5.78
7.05
3.30
6.22
9.52
3.20
1.13
4.33
5.19
0.10
211.36
111.95
(103.42)
(8.77)
107.94
103.18
107.94
103.18
211.36
111.95
Total (c)
323.31
(112.19)
211.12
211.12
323.31
Previous Year
551.14
76.19
(304.02)
323.31
323.31
551.14
61.25
6.00
67.25
67.25
61.25
61.25
61.25
61.25
19,464.78
1,241.78
(122.43)
20,584.13
13,639.75
1,078.40
4.34
14,722.49
5,861.64
5,825.03
Previous Year
19,103.58
910.79
(549.59)
19,464.78
12,716.13
1,154.58
(230.95)
13,639.76
5,825.02
6,387.45
The land on which the plant and building of the company are situated at Rourkela, Burnpur, Bhilai, Bokaro, Vizag, Durgapur, Dolvi, Duburi and Haridwar are
neither freehold nor leasehold. The company has acquired right of free use from the land holders as a part of service agreement. The company has however,
acquired leasehold land from SAIL-B.S.P. ,on perpetual lease of 33 years w.e.f. 29th December 1988 on which the Registered OfficeBuilding has been
constructed which is being over the lease period.
59
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte
11
` ttF
attq JMo
d; JMo
31.03. 2012
31.03.2011
142.96
194.14
2.02
104.70
18.81
53.68
273.39
452.60
2.16
76.70
3.69
237.94
320.49
309.64
126.35
vte
12
` ttF
attq JMo
d; JMo
31.03.2011
4.16
64.02
45.36
603.42
10.04
379.10
10.04
681.64
434.50
vqkse yrd{b
ymwhrG;, Wvgw; btlt dgt
vqkse vrhgtusltytuk fuU rJ yrd{b
mwhrG; sbtY
ymwhrG;, Wvgw; btlt dgt
NtmfUeg rJCtdtuk ;:t yg vGtuk fuU mt: mwhGt sbt
yrd{b fUh
ytgfUh YJk ttu; vh fUh fUxti;e (Nw tJ"tl)
;x: ylwttC fUh fuU rJ cfUtgt Jtvme
gtud
13
` ttF
buk
d; JMo
attq JMo
gtiht
buk
31.03. 2012
gtiht
vte
buk
31.03. 2012
31.03.2011
200.92
151.56
283.66
111.60
263.02
172.06
1.16
374.14
gtud
60
YVU Ym Yl Yt / F S N L
103.53
159.49
1.34
312.39
NOTES ON ACCOUNTS
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
142.96
194.14
2.02
104.70
18.81
53.68
273.39
452.60
2.16
76.70
3.69
237.94
320.49
309.64
126.35
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
4.16
64.02
45.36
603.42
10.04
379.10
10.04
681.64
434.50
Current Year
31.03. 2012
` in Lakhs
Previous Year
31.03.2011
200.92
151.56
Capital Advances
Unsecured, considered good
Advance against capital projects
Security Deposits
Unsecured, considered good
Security deposit with government departments and other parties
Advance Tax
Income Tax & TDS (net of provision)
Refund due against fringe benefit tax
Total
283.66
111.60
YVU Ym Yl Yt / F S N L
263.02
172.06
103.53
159.49
1.16
1.34
374.14
312.39
Ft;tytuk vh vte
vte
14
` ttF
gtiht
CkzthK ;:t vqsuo
Fwtu ytisthtuk mrn; CkzthK J fUt-vqsuo
stu\z & vthdbl buk btt
stu\z & mbtgtusl nu;w tkrc; Nw fUbe
486.91
3.03
27.68
517.62
vte
15
d; JMo 31.03.2011
481.26
55.80
25.70
562.76
8.39
3.88
7.85
3.88
529.89
574.49
` ttF
& tg gtvth
gtiht
buk
attq JMo
buk
d; JMo
31.03. 2012
31.03.2011
1,586.77
-
925.88
395.60
57.97
57.97
563.66
11.09
11.09
395.60
563.66
1,982.37
1,489.54
Cwd;tl fuU rtY =ug fUe r;r: mu A& btn mu fUb yJr" fuU
rtY cfUtgt tg gtvth
ymwhrG;, Wvgw; btlt dgt
DxtJuk& mkr=" }UKtuk fuU rtY tJ"tl
Cwd;tl fuU rtY =ug fUe r;r: mu A& btn mu yr"fU yJr" fuU
rtY cfUtgt tg gtvth
ymwhrG;, Wvgw; btlt dgt
ymwhrG;, mkr=" btlt dgt
DxtJuk& mkr=" }UKtuk fuU rtY tJ"tl
gtud
mbg-mbg vh fUvle mkfUtl fuU rtY fUvle fuU rtY mCe d{tnfU cfUtgt fUt bqgtkfUl fUh fUh;e ni > tJ"tl fuU rtY sh;
fUt ytfUtl rJrlr=ox cfUtgtuk fUt mkfUtl, Wtud fUt sturFb "thKt mrn; rJrJ" fUthfUtuk vh yt"trh; ni stu d{tnfU mtbtg ytr:ofU
fUthfUtuk fUtu mkatrt; fUh;t ni stu d{tnfUtuk fuU rtY gJr:; fUhlu fUe Gb;t fUtu CtrJ; fUh mfU;t ni > fUvle ytb;tih vh =ul=thtuk
fuU rtY ;wtl vt r;r: fUtu cesfU r;r: mu ;el JMtuo y:Jt Wmmu yr"fU mbg fuU rtY =ug cfUtgt Wvt" fUh;e ni> fUvle Ctd
gt vqKo buk cfUtgtuk fUe Jmqte fUh hne ni >
62
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
Note 14 : INVENTORIES
` in Lakhs
Particulars
486.91
3.03
27.68
517.62
481.26
55.80
25.70
562.76
8.39
3.88
7.85
3.88
529.89
574.49
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
1,586.77
-
925.88
395.60
57.97
57.97
563.66
11.09
11.09
395.60
563.66
1,982.37
1,489.54
Total
Periodically the company evaluates all customer dues to the company for collectibility. The need for provision is
assessed based on various factors including collectibility of specific dues, risk perception of the industry in
which the customer operates, general economic factors which could affect the customers ability to settle. The
company normally provides for debtors due outstanding for three years or longer from the invoice date, as at the
Balance Sheet Date. The company pursues the recovery of the dues, in part or full.
63
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte
16
` ttF
attq JMo
d; JMo
31.03. 2012
31.03.2011
5.14
269.26
5,086.44
5.78
220.93
5,361.35
5,360.84
5,588.06
10.24
4,458.00
4,468.24
368.24
2,400.00
2,768.24
9,829.08
8,356.30
gtiht
lfU= YJk mb;wg lfU=e
nt: bku lfU=
cikfUtuk fuU vtm NuM
cikfUtuk fuU vtm mtJr" sbt
gtud
yg cikfU yr"NuM
cikfUtuk sbtl; fuU rJ mtJr" sbt*
ytunhz[tVTUx mwrJ"t fuU rJ rdhJe mtJr" sbt #
gtud
* cikfUtuk
# cikfUtuk
vte
17
12
`
`
attq JMo
d; JMo
31.03.2011
106.87
185.36
77.84
53.23
184.71
238.59
buk
31.03. 2012
yg
fUboatrhgtuk fUtu }UK YJk yrd{b
yrd{b YJk fUboatrhgtuk mu ntulu Jtte yg Jmqte
vte
buk
` ttF
buk
attq JMo
d; JMo
31.03. 2012
31.03.2011
2,452.25
64.82
322.70
322.70
1,776.79
167.67
237.42
237.42
2,517.07
1,944.46
768.27
173.65
162.82
301.72
218.19
144.87
3,621.81
2,609.24
gtiht
tg =tJt ;:t yg yrd{b
ytgfU rct muJt Cth
ymwhrG;, Wvgw; btlt dgt
ymwhrG;, mkr=" btlt dgt
DxtJuk& mkr=" btlt dgt
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
5.14
269.26
5,086.44
5.78
220.93
5,361.35
5,360.84
5,588.06
10.24
4,458.00
4,468.24
368.24
2,400.00
2,768.24
9,829.08
8,356.30
* Fixed deposit with banks includes deposit of ` Nil (PY 3.58 crore) with maturity of more than 12 months
# Fixed deposit with banks includes deposit of ` 3.00 crore (PY Nil) with maturity of more than 12 months
` in Lakhs
Current Year
31.03. 2012
Previous Year
31.03.2011
106.87
185.36
77.84
53.23
184.71
238.59
Others
Loans & Advances To Employees
Advance & other recoverable from employees
Advance to Suppliers
Unsecured, considered good
Total
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
2,452.25
64.82
322.70
322.70
1,776.79
167.67
237.42
237.42
2,517.07
1,944.46
768.27
173.65
162.82
301.72
218.19
144.87
3,621.81
2,609.24
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte
19
` ttF
buk
d; JMo
attq JMo
31.03. 2012
31.03.2011
18,075.79
1,612.96
17,740.33
1,661.89
gtud
16,462.83
16,078.44
vte
20
` ttF
& yg ytg
gtiht
31.03. 2012
31.03.2011
849.34
1.10
528.92
62.31
9.27
0.55
85.61
40.15
6.59
0.06
123.11
47.44
986.02
768.43
yg
vrhNtur"; Gr;gt YJk yg Jmqrtgt
fUboatrhgtuk fUtu sthe mtbrd{gtuk mu tr;
tJ"tl yc she ln yvrtrF;
rJrJ" ytg
gtud
21
& WvCturd;
d; JMo
attq JMo
gts ytg
mtJr" sbt tr;gtuk vh gts
yg gts
vte
` ttF
fUg
ykr;b Ckzth
attq JMo
31.03. 2012
gtiht
ttrmkd xTgqc
ytpmesl ;:t Ymerxrtl
lunfU ;ut
zest ;:t dimturtl
CkzthK ;:t fUt-vqsuo
gtud
d; JMo
buk
buk
d; JMo
31.03.2011
WvCtud
13.87
0.36
54.02
33.28
887.54
43.93
53.36
242.92
1,301.58
823.65
11.90
0.30
37.18
31.41
933.68
45.90
53.42
259.76
1,303.45
777.51
46.16
60.59
239.00
1,258.06
1,099.49
989.07
2,465.44
1,014.47
2,440.04
2,703.30
1,147.45
2,544.92
989.07
2,703.30
66
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
18,075.79
1,612.96
17,740.33
1,661.89
16,462.83
16,078.44
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
849.34
1.10
528.92
62.31
9.27
0.55
85.61
40.15
6.59
0.06
123.11
47.44
986.02
768.43
Interest Income
Interest on FDR
Other Interest
Others
Liquidated damages and other recoveries
Receipt from materials issued to employees
Provision no longer required written back
Miscellaneous Income
Total
` in Lakhs
Particulars
Lancing Tubes
Oxygen & Acetylene
Lubricants
Diesel & Gasolene
Stores & Spare Parts
Total
Previous Year
CONSUMPTION
13.87
0.36
54.02
33.28
887.54
43.93
53.36
242.92
1,301.58
823.65
11.90
0.30
37.18
31.41
933.68
45.90
53.42
259.76
1,303.45
777.51
46.16
60.59
239.00
1,258.06
1,099.49
989.07
2,465.44
1,014.47
2,440.04
2,703.30
1,147.45
2,544.92
989.07
2,703.30
67
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte
22
` ttF
31.03.2011
0.85
80.45
5,064.12
498.55
300.00
605.77
2.67
58.37
4,769.61
525.73
300.00
486.42
6,549.74
6,142.80
gtud
23
` ttF
d; JMo
attq JMo
31.03.2011
86.60
3.50
13.71
4.23
90.10
17.94
gtud
24
` ttF
& yg gg
gtiht
d; JMo
31.03. 2012
31.03.2011
315.87
150.91
26.04
18.16
100.87
156.87
352.43
541.36
22.79
17.55
114.47
147.79
374.51
64.45
438.96
333.77
47.17
353.44
rJrJ" gg
tuFt vheGfUtuk fUt vtrhrbfU
Ji"trlfU tuFt NwfU
VwUxfUh Fao
fUh tuFt NwfU
btKl NwfU
buk
attq JMo
rJw;, Ro"l ;:t ytpmesl
rfUhtgt
cebt
=h YJk fUh
CUtu mrn; gttt
mwhGt muJtY
bhb; YJk ylwhGK
bNelhe fUe bhb;
yg fUe bhb;
buk
31.03. 2012
gts Fao
cikfU Cth
vte
d; JMo
attq JMo
31.03. 2012
vte
buk
1.00
1.25
0.20
0.05
2.50
1,563.62
gtud
68
YVU Ym Yl Yt / F S N L
380.94
286.03
0.65
1.00
0.15
0.05
1.85
1,865.21
NOTES ON ACCOUNTS
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
0.85
80.45
5,064.12
498.55
300.00
605.77
2.67
58.37
4,769.61
525.73
300.00
486.42
6,549.74
6,142.80
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
86.60
3.50
13.71
4.23
90.10
17.94
Interest expense
Bank Charges
Total
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
315.87
150.91
26.04
18.16
100.87
156.87
352.43
541.36
22.79
17.55
114.47
147.79
374.51
64.45
Miscellaneous Expenses
438.96
333.77
47.17
353.44
Auditors Remuneration
Statutory Audit Fees
Out of Pocket Expenses
Tax Audit Fees
Certification Fees
1.00
1.25
0.20
0.05
Total
2.50
1,563.62
69
YVU Ym Yl Yt / F S N L
380.94
286.03
0.65
1.00
0.15
0.05
1.85
1,865.21
Ft;tytuk vh vte
vte
25
49.51
213.55
84.97
10.39
31.82
6.33
305.82
(6.33)
` ttF
attq JMo
d; JMo
31.03.2011
12.32
0.63
16.01
0.68
12.95
16.69
0.25
10.17
1.96
0.15
1.02
0.29
12.38
1.46
0.57
15.23
F. Fao
F-1.btt Ct\zt
F-2.yJbqgl
F-3.muJt Cth
F-4.cikfU gts
F-5.=h rl"tohK
F-6.vxTTxt rfUhtgt
gtud
27
` ttF
buk
31.03. 2012
fU. ytg
fU-1.mulJux f{uUrzx
fU-2.mkvr; vwlth
fU-3.bhb; YJk ylwhGK
fU-4.st, rJ"w;
vte
d; JMo
31.03.2011
gtud (fU-F)
26
buk
31.03. 2012
ymt"thK b=uk
fU. gg
fU. mkr=" }UKtuk fuU rtY tJ"tl
(3 JMtuok mu yr"fU fuU cfUtgt }UKtuk fuU rtY)
F. J]r =tJt fuU rJ rJf{uU;t fUtu =ug =tJt fuU rtY tJ"tl
d. cebt =tJt fuU rJ tJ"tl
F. ytg
fU. :tge ytr;gtuk fUt rJf{Ug
F. tJ"tl she lne yvurG;
vte
` ttF
attq JMo
buk
d; JMo
31.03. 2012
31.03.2011
137.49
119.70
20,000
20,000
20,000
20,000
687.43
687.43
598.47
598.47
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
` in Lakhs
Current Year
31.03. 2012
Previous Year
31.03.2011
49.51
213.55
84.97
10.39
31.82
6.33
305.82
(6.33)
Exceptional Items:
A. Expenditure
a. Provision for Doubtful Debt
(for debt outstanding for more than 3 years)
b. Provision for claim payable to vendor against escalation claim
c. Provision against insurance Claim
B. Income
a. Sale of Fixed Assets
b. Provision No Longer Required
Total (A-B)
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
12.32
0.63
16.01
0.68
12.95
16.69
0.25
10.17
1.96
0.15
1.02
0.29
12.38
1.46
0.57
15.23
A. Income
A-1. Cenvat Credit
A-2. Asset Revival
A-3. Repair & Maintenance
A-4. Water Electricity
B. Expenses
B-1. Freight
B-2. Depreciation
B-3. Service Charge
B-4. Bank Interest
B-5. Rate Revision
B-6. Lease Rent
Total
` in Lakhs
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
137.49
119.70
20,000
20,000
20,000
20,000
687.43
687.43
598.47
598.47
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte
fU.
mk.
28
` ttF
attq JMo
31.03. 2012
buk
d; JMo
31.03.2011
(i)
mbtr; =trgJ
fU. fUvle fuU rJ }UK fuU v buk yJef]U; =tJt
1
yr"rlKog fuU ;n;T vqJo fUboatrhgtuk ytih yg ttudtuk fuU rtY Gr;vqr;o nu;w tJ"tl fuU rtY
2
ni=htct= fuU Wa gtgttg fuU yt=uNtlwmth bu. v;tq fUmx[Nl fUt rJstd CJl =tJt
fuU rtY
rmrJt gtgt"eN, ytectd fuU vtm rmrJt Jt= fuU ylwmth bu. ytWzch Rserlgrhkd
3
Jmo tht ztutJe buk bhb; fUtgo fuU rtY
Wv gtud
F. muJt fUh
1
zwcwhe RfUtRo buk fUtdtuo nizrtkd muJtytuk vh muJt fUh, simt rfU fuUeg ytcfUthe,
stsvwh fuU y"eGfU lu btkd fUe ni (rfUgt dgt Nw Cwd;tl), meRoYmxeYxe,
fUtutfUt;t fuU mbG tkrc; ni >
2
rCttRo, =wdtovwh, rJstd, ztutJe YJk zwcwhe RfUtRo buk gtvth vqhfU muJtytuk vh muJt
fUh, simt rfU fuUeg ytcfUthe YJk mebt NwfU, htgvwh fuU ytgw; lu yt=uN
r=gt ni, rsmfuU rJ fkUvle meRoYmxeYxe, r=te fuU mbG yvet fUe ni
3
ctufUthtu RfUtRo buk gtvth vqhfU muJtytuk vh muJt fUh, simt rfU fuUeg ytcfUthe
YJk mebt NwfU, htae fuU ytgw; lu yt=uN r=gt ni, ytgw;, htae ;:t
meRoYmxeYxe fUtutfUt;t fuU mbG tkrc; ni >
4
clovwh RfUtRo buk gtvth vqhfU muJtytuk vh muJt fUh, simt rfU yr;rh; ytgw;,
fuUeg ytcfUthe YJk mebt NwfU, ctutvwh ;:t mntgfU ytgw;, fuUeg ytcfUthe
YJk mebt NwfU, ytmlmtut lu yt=uN r=gt ni, ytgw; (yvet), fUtutfUt;t fuU
mbG tkrc; ni >
5
rCttRo RfUtRo buk fUtdtuo nizrtkd muJtytuk vh muJt fUh, simt rfU fuUeg ytcfUthe YJk
mebt NwfU, htgvwh lu yt=uN r=gt ni, meRoYmxeYxe, r=te fuU mbG tkrc; ni >
zwcwhe RfUtRo buk fUtdtuo nizrtkd muJtytuk vh muJt fUh, simt rfU ytgw;, fuUeg
6
ytcfUthe, CwcluJh lu bRo, 2004 mu btao, 2007 fUe yJr" fuU rtY btkd fUe ni,
fuUeg ytcfUthe, CwcluJh fuU mbG tkrc; ni >
7
=wdtovwh Rvt; mkgkt ;:t Yttpg mkgkt buk f{UbN& yit, 2003 mu btao, 2008 ;:t
yxqch, 2003 mu lJch, 2008 fUe yJr" fuU rtY gtvth vqhfU muJt ;:t fUtdtuo
nizrtkd muJtytuk vh muJt fUh, meRoYmxeYxe, fUtutfUt;t fuU mbG tkrc; ni >
yit, 2008 mu bRo, 2009 ;:t sql 2009 mu rm;ch, 2009 fuU yJr" fuU rtY
8
f{UbN& gtvth vqhfU muJt ;:t fUtdtuo nizrtkd muJtytuk vh muJt fUh, meRoYmxeYxe,
fUtutfUt;t fuU mbG tkrc; ni >
9
zwcwhe RfUtRo buk fUtdtuo nizrtkd muJtytuk vh muJt fUh, simt rfU yit, 2009 mu
btao, 2010 fUe yJr" fuU rtY ytgw;, CwcluJh lu btkd fUe ni,
meRoYmxe, fUtutfUt;t fuU mbG tkrc; ni >
10 =wdtovwh RfUtRo buk gtvth vqhfU muJt vh muJt fUh, simt rfU yxqch, 2009 mu
btao, 2010 fUe yJr" fuU rtY ytgw;, fuUeg ytcfUthe, ctutvwh lu btkd fUe
ni, meRoYmxeYxe, fUtutfUt;t fuU mbG tkrc; ni >
Wv gtud
72
YVU Ym Yl Yt / F S N L
91.22
86.28
53.14
49.38
20.11
19.62
164.47
155.28
42.03
39.20
660.72
629.02
1,395.92
1,247.82
71.93
134.51
324.01
304.74
256.02
232.88
1,973.99
1,896.07
482.31
458.40
69.64
150.19
74.86
5,351.43
5,092.83
NOTES ON ACCOUNTS
Particulars
No.
(i)
` in Lakhs
Current Year
31.03. 2012
Previous Year
31.03.2011
Contingent Liabilities
A.
91.22
86.28
53.14
49.38
20.11
19.62
164.47
155.28
Sub Total
B.
Service Tax
42.03
39.20
660.72
629.02
1,395.92
1,247.82
71.93
134.51
324.01
304.74
256.02
232.88
1,973.99
1,896.07
482.31
458.40
69.64
150.19
10
74.86
5,351.43
5,092.83
Sub Total
73
YVU Ym Yl Yt / F S N L
Ft;tytuk vh vte
vte
28
fU.mk.
& mbtr;
` ttF
gtiht
attq JMo
d; JMo
31.03. 2012
31.03.2011
43.56
43.56
11.13
11.13
2.16
54.69
56.85
12.00
17.43
295.08
8.91
29.43
303.99
5,600.02
5,608.95
74.62
119.49
buk
r;c;t
fU. vkse Ft;u vh rlvtr=; rfUY stlu nu;w NuM XufuU fUe
ylwbtrlfU htrN ;:t rsmfuU rtY gJ:t lnek fUe
dge (Cwd;tl fUt Nw)
vte
fU.mk.
1
2
29
` ttF
buk
attq JMo
d; JMo
31.03. 2012
31.03.2011
10.17
10.17
gtiht
yJgJ YJk vqsuo
vqksed;T btt
gtud
74
YVU Ym Yl Yt / F S N L
NOTES ON ACCOUNTS
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
43.56
43.56
11.13
11.13
2.16
54.69
56.85
No.
C.
1
` in Lakhs
D.
12.00
295.08
E.
17.43
8.91
29.43
303.99
5,600.02
5,608.95
74.62
119.49
Sub Total
Grand Total
(ii) Commitments
A.
Particulars
Current Year
31.03. 2012
Previous Year
31.03.2011
10.17
10.17
No.
1
2
` in Lakhs
Total
75
YVU Ym Yl Yt / F S N L
vte
30
mkckr"; vGtuk fUe mqae, snt rlgktK btisq= ni ;:t rsmfuU mt: tul-=ul fUe dge ni, mkckr"; vG ;:t
mkck" &
` ttF buk
fU.m.
mkcr"; vG
mkck"
fUe f]Ur;
Yb Ym xe me rt0
rlgte fkUvle
e Yxtule atfUtu
ck" rl=uNfU
vte
31
mgJnth fUe
f]Ur;
attq JMo
d; JMo
31.03. 2012
31.03.2011
2.82
1.92
21.25
20.46
d; JMtuo fuU ytfU\zu fUtu snt ytJgfU ntu, rJCtrs; ;:t vwlombqnef]U; rfUgt dgt ni ;trfU btisq=t mtt fuU ytfU\zu fuU ylwv
ntu mfuU >
vte
32
J;obtl ytr;gt, }UKuk YJk yrd{buk cr\Zgt YJk Jmqte gtug ni ;:t bqgtuk fuU tdCd ni gr= sc;fU gtvth fuU mtbtg
vtXTgf{Ub buk fUtgtorJ; ntu;t ni YJk Ft;tuk buk YfU mebt ;fU yg:t l fUnt dgt > Cwd;ug gtvth, tg gtvth. }UKtuk YJk
yrd{btuk fUt yr"NuM mbt"tl ;:t vwrx fUhlu fuU y"el ni >
vte
33
;wtl vt ;:t ttC YJk ntrl Ft;t WmfuU mt: Wvtc vrX; rxvrKgt ;igth fUh;t ni ;trfU fUvle yr"rlgb, fuU ;n;T
yvurG; mqalt fuU mt:-mt: JMtkuo fUe mbtr; ;fU ;:t mbeGt"el JMtuo fuU rtY fUvle fuU vrhKtbtuk fUt fUvle fuU fUtbfUts
fUt rJJhK fUt mne ytih rlvG =]rxfUtuK fUt Fwttmt ntu >
34
fU) rCttRo RfUtRo b yit O08 mu rm;Jh O08 fUe yJrt fuU rtY f{iUv fUe rhfUJhe YJk f{UbK fUuU fUtgtuo fuU rtY IIfUtdtuo
nizrtkd muJtytOO vh muJt fUh fuU vrhug b ` 152.05 ttF nu;w ytgwU, fuU={eg ytcfUthe, htgvwh lu fUthK c;tytu lturxm
sthe rfUgt ni> WU fUthK c;tytu lturxm fUt sJtc ytgw;, fuUeg ytcfUthe, htgvwh fUtu ;w; rfUgt dgt ni ;:t gr;d;
mwlJtRo Ce ntu dge ni YJk yc fuUJt yt=uN t; ntult ctfUe ni >
F) rCttRo RfUtRo b yxqch 2009 mu btao 2010 fUe yJrt fuU rtY f{iUv fUe rhfUJhe YJk f{UbK fUuU fUtgtuo fuU rtY IIfUtdtuo
nizrtkd muJtytOO vh muJt fUh fuU vrhug b ` 181.68 ttF fuU rtY fUthK c;tytu lturxm ytgw;, fuUeg ytcfUthe, htgvwh
lu sthe rfUgt dgt ni > W; fUthK c;tytu lturxm fUt sJtc ytgw;, fuUeg ytcfUthe, htgvwh fUtu ;w; rfUgt dgt ni ;:t
gr;d; mwlJtRo ntult ctfUe ni >
d) rCttRo RfUtRo b yxqch 2008 mu rm;ch 2009 fUe yJrt fuU rtY f{iUv fUe rhfUJhe YJk f{UbK fuU fUtgtuo fuU rtY
IIfUtdtuo nizrtkd muJtytOO vh muJt fUh fuU vrhug b ` 245.72 ttF fUt fUthK c;tytu lturxm ytgw;, fuUeg ytcfUthe,
htgvwh lu sthe rfUgt ni W; fUthK c;tytu lturxm fUt sctc ytgw;, fuUeg ytcfUthe, htgvwh fUtu ;w; rfUgt dgt ni ;:t
gr;d; mwlJtRo Ce ntu dge ni YJk yc fuUJt yt=uN t; ntult ctfUe ni >
35
YVU Ym Yl Yt rJh bu0 Rrzgl ytpmesl rtrbxuz fuU fUhK buk r=. 01.06.2002 fUtu rJJtal gtgtr"fUhK tht vtrh;
YfU vGeg katx fUtu nxtlu yr;rh; rstt gtgt"eN, =wdo fuU gtgttg buk fUhK f{UbtkfU Yb.su.me. -34/2005 =tgh fUe dge :e
;:t rstt gtgttg, =wdo lu r=ltkfU 29.11.2010 fuU yt=uN fuU ylwmth fUvle tht =tgh gtrafUt fUtu Fthes fUh r=gt ni > fkUvle
lu rstt gtgttg, =wdo tht vtrh; yt=uN fuU rJh btlleg Wa gtgttg, Atemd\z, rcttmvwh fuU mbG yvet =tgh fUe
ni > ;:trv, fkUvle lu Rm ctJ;T c\Ztuthe =tJt fUt attq rJt JMo buk ` 213.55 ttF fUt tJ"tl hFt ni >
76
YVU Ym Yl Yt / F S N L
` in Lakhs
Nature of
Sl. No.
MSTC Ltd
Related Party
Nature of
Current Year
Previous Year
Relationship
Transaction
31.03. 2012
31.03.2011
2.82
1.92
21.25
20.46
Holding
Service Charges
Company
for Auction
Managing Director Remuneration
Note 31
Figures of Previous Years have been split up and regrouped wherever necessary so as to correspond to current
year's figures.
Note 32
The current assets, loans and advances are good and recoverable and are approximately of the values, if realized
in the ordinary course of business unless and to the extent stated other wise in the accounts. Balances of trade
payables, trade receivables, loans and advances are subject to reconciliation and confirmation.
Note 33
Balance Sheet and Profit & Loss Account read together with the notes thereon, are drawn up so as to disclose the
information required under The Companies Act, 1956 as well as give a true and fair view of the statement of
affairs of the Company as at the end of the year and results of the Company for the year under review.
34. a)
The Commissioner, Central Excise of Raipur has issued show cause notice for `152.05 lakhs towards
service tax on Cargo Handling Services for the jobs of recovery and processing of scrap at Bhilai unit
for the period April 08 to September08. The reply of above show cause notice has been submitted to
Commissioner, Central Excise, Raipur and also personal hearing took place and order is yet to be
received.
b) The Commissioner, Central Excise of Raipur has issued show cause notice of ` 181.68 lakhs towards
service tax on Cargo Handling Services for the job of recovery and processing of scrap at Bhilai unit for
the period Oct 2009 to March 2010. The reply to the show cause notice has been submitted to
Commissioner ,Central Excise , Raipur and personal hearing is pending.
c)
The Commissioner, Central Excise of Raipur has issued show cause notice of `245.72 lakhs towards
service tax on Cargo Handling Services for the job of recovery and processing of scrap at Bhilai unit for
the period Oct 2008 to September 2009. The reply to the show cause notice has been submitted to
Commissioner, Central Excise, Raipur and also personal hearing took place and order is yet to be
received.
35. In the case of FSNL vs M/s Indian Oxygen Limited, Case No. MJC 34/2005 filed in the court of Additional
District Judge, Durg to set aside the ex-parte award passed by the Arbitration Tribunal on 01.06.2002, the
District Judge, Durg vide Order dated 29.11.2010 has dismissed the application filed by the Company. The
Company has preferred appeal against the Order passed by the District Judge, Durg before the Honorable
High Court of Chhattisgarh, Bilaspur. The Honorable High Court has admitted the appeal. However the company
has made provision of ` 213.55 lakhs against the escalation claim during the current year.
77
YVU Ym Yl Yt / F S N L
36
fkUvle yvlu :tge ytr;gt fUtu Ctrh; hfUb fUtu fiUN slhurxkd gqrlx (me.se.gq) fuU v b mbd{ fkUvle fUt btl;u nwY mbeGt
fUh hne ni> RmrtY fUkvle lu, ( me.se.gq ntulu fuU lt;u), yvlu :tge ytr;gt fUe CrJg fuU lfU= Jtnt fuU J;obtl bqg fuU
mt: ;wtlt fUe ni ytih gn fUtuRo tm lnek =Nto;t ni>
37
YbYmYbRo (simt rfU vte-7 buk c;tgt dgt ni), fUtu =ug hfUb fUe mebt ;fU ni, Jimu Wvf{Ubtuk fUtu rarn; rfUgt dgt > fkUvle
lu YbYmYbRo RfUtRogtuk fUtu mtbtg;& mbg vh Cwd;tl rfUgt ni ;:t gntp vGtuk tht gts yr;Ntug Cwd;tl fuU rtY fUtuRo =tJt
lnek rfUgt dgt ni >
38
f{iUv/tid rhfUJhe/ZwttRo rJteg mbSti;t fuU yCtJ buk ytvme ct;ae; =h tkrc; ykr;b mbSti;t ylwck" fuU ;=Tlwhv ytg fUt
tJ"tl ` 818.36 ttF hvgt ni, rsmfUt rJJhK rlltlwmth ni &(fU) rCttRo, ctufUthtu, htWhfuUtt, =wdtovwh YJk RfUtu clovwh fuU rtY 01 yxqch, 2011 mu 31 btao, 2012 ;fU fuU rtY mut,
rldbl fUtgtotg buk mCe b=tuk buk mbSti;t fUt rlvxtht rfUgt dgt, rsmfUe htrN ` 598.36 ttF ni >
(F) yth.ytR.Yl.Yt., rJNtFtvxTxKb fuU rtY 01 swttRo, 2011 mu 31btao, 2012 ;fU fuU rtY mCe b=tuk buk c\Ztuthe nu;w
=eDofUtrtfU mbSti;t rfUgt dgt, rsmfUe htrN ` 220.00 ttF ni >
39
JMo fuU =tihtl 31 r=mkch, 2011 mu dih-fUtgovttfU fUboatrhgtuk fuU Ctu fUe bttt buk vwlheGK fuU rtY mbSti;t fUtu ykr;b v
r=gt dgt ni > Ju;l vwlheGK fuU rtY JMo fuU =tihtl 01.01.2012 fuU CtJ mu ` 96.36 ttF ylwbtrl; yt"th vh cltgt dgt
ni ytih r=gt dgt >
40
fkUvle mulJux f{uUrzx fUe vtt;t r=ltpfU 01.04.2010 mu mulJux f{uUrzx rlgb 2004 fuU rlgb 3(1) fuU ;n; tu hFe ni, ;=lwv
01yit, 2010 fUtu gt WmfuU ct= mtbd{e Fhe=e, rsm vh rJf{Ug fUh/Jix, Ct\zt YJk yg Fauo turfUl Wvt= NwfU fUtu Atu\zfUh,
mtbd{e fUtu J;obtl yJ:t buk ttlu fUt mCe Fatuuo fUtu mbtrn; rfUgt dgt ni > scrfU, rJt JMo 2010-11 fUt mulJux fuUrzx
fkUvle lu rJt JMo 2010-12 buk tu te ni> y;YJ ` 12.32 ttF fUtu d;T JMo fuU ytg buk hFt ni 01 yit, 2010 fUu vntu
vqJo fuU ttgu dgu xtpfU ytd; Wvt= NwfU fUtu stu\zfUh ni >
41
CkzthK fUe J;w mqragt fuU Ctir;fUeg sta fuU =tihtl ctufUthtu, rJNtFtvxTxKb, ztuJe ;:t htWhfuUtt RfUtRogt fuU vrhug b fUrbgt
rbte> Atlcel tkrc; hnlu ;fU Nw fUbe fuU rtY ` 1.92 ttF fUt tJttl cltgt dgt ni >
42
htpae RfUtRo fUt mkattl (Ya.Ro.me., htpae fuU yk=h) 01 yit, 2011 mu :rd; rfUgt dgt > JMo fuU =tihtl ` 12.67 ttF fUt
Fao mkvrtgtuk fUt :tlt;hK YfU RfUtRo mu =wmhu RfUtRo ;:t :tvlt YJk NtmrlfU b=tuk vh rfUgt dgt ;:t fUtuRo Ce bwF
mkvrtgtuk fUe rcf{Ue ln fUe dge ;:t YfU RfUtRo mu =wmhu RfUtRo bwF Wvt= ytiDturdfU vrhr:r;gtuk fuU ;n;T htpae RfUtRo buk
mtbtg mkattl Fatuo buk mbtrn; rfUgt dgt ni >
43
=tJtytuk YJk yrd{btuk fuU rJh tJ"tl cltgt dgt ni snt fUn ck"l fUe htg buk Wm yrd{b/=tJt fUtu mkr=" btlt dgt ni>
44
JMo fuU =tihtl fUvle fiUv rlfUttlu YJk yg fUtgo rJrCl Cth;eg Rvt; mkgkttuk buk g; :t stu rfU tuFt rl"tohK YYm 17
fuU ;n;T r;Ju=lt:o gJmtg Fz buk rJathKeg btt ni > CtidturtfU Fz Rmmu mckr"; ln ni gtukrfU fUkvle fuU vtm gJmtg
fUt mkattl Cth; fuU ctnh ln ni >
78
YVU Ym Yl Yt / F S N L
36. The company reviews the carrying amount of its fixed assets treating the entire company as a Cash Generating
Unit (CGU). Hence, the company (being a CGU) has compared the carrying amount of its fixed assets with
present value of future cash flows and it does not show any impairment.
37. The amount due to MSME (as disclosed in Note 7) is to the extent such undertakings have been identified.
The company has normally made payment to MSME units in due time and there are no claim from the parties
for interest or overdue payment.
38. Scrap/Slag recovered/shipped has been accounted for on the basis of negotiated rate pending finalisation
of agreement and provisional income amounting to ` 818.36 lakhs has been taken to consideration as per
details given below :(a) For increase in the service charge rate for all the items of long-term agreement finalized at SAIL,Corporate
office for the period 01 October 2011 to 31 March 2012 for Bhilai,Bokaro,Rourkela, Durgapur and IISCO
Burnpur, amounting to ` 598.36 Lakhs.
(b) For increase in the service charges rates for all the items of long-term agreement finalized by RINL,
Visakhapatnam for the period 01 July 2011 to 31 March 2012 amounting to ` 220.00 Lakhs.
39. The Agreement for Wage revision of Non executive employees expired on 31st December 2011. Pending
finalisation of the fresh agreement w.e.f. 1st January 2012, provision of ` 96.36 lakhs for the year towards
wage revision has been estimated and provided.
40. The company has availed cenvat credit on all eligible inputs with effect from 01st April, 2010 in Accordance
with rule 3 (1) of the Cenvat Credit Rules, 2004. Accordingly, cost of inventory procured on or after 01st April,
2010 includes price, sales tax/VAT, freight and all other costs incurred in bringing the inventories to their
present location and condition but exclude excise duty. Since cenvat credit on inputs for FY 2010-11 has
been availed during FY 2011-12, the company has credited ` 12.32 lacs as prior period income. Stock of
input bought prior to 01st April, 2010 is inclusive of excise duty.
41. During Physical verification of Inventories of stores, Shortages were found in respect of Bokaro, Vizag,
Dolvi and Rourkela units. Pending investigation, provision has been made for the net shortage of ` 1.92
lakhs.
42. The operation of Ranchi unit (inside HEC, Ranchi ) has been stopped w.e.f. 1st April 2011. During the Year
the expenditure of ` 12.67 lakhs has been incurred towards establishment and administrative overheads at
the said unit for purpose of transferring the assets set up at the units to other units. No major assets has
been disposed off at the unit nor the unit qualify for any major product line or geographical presence for the
company and accordingly all expenses incurred in Ranchi unit has been included under normal operational
cost.
43. Provision is made against Claims and Advances wherever such advance/claim is considered doubtful in the
opinion of management.
44. During the year the company was engaged only in the business of Scrap Recovery and Allied Jobs for
various Steel Plants in India which as per Accounting Standard AS17 is considered the only reportable
business segment. The geographical segmentation is not relevant, as the company has no business operation
outside India.
45. Employee Benefits
45.1 Brief Description of Defined Benefit Scheme:
(a) Leave Encashment - Payable on separation to eligible employees who have accumulated earned
leave and half pay leave. Encashment of accumulated earned Leave is also allowed upto 30 days
once in a calendar year.
(b) Post Retirement Medical benefit - Available to retired employees at any hospital under the Mediclaim
Insurance Policy
(c) Post retirement settlement benefit - Payable to retiring employees for settlement at their declared
home town.
79
YVU Ym Yl Yt / F S N L
25
JMtuo fUe muJt fuU rtY J;w fuU v bk ;:t muJtrlJ]rt vh Ce =ug >
(E) fUboathe vrhJth ylwttC gtuslt - rlttorh; sbt fuU c=tu muJt mu v]:fU rJfUttkd fUboatrhgt/r=Jkd; fUboatrhgt fuU
fUtlqle JtrhNt fUtu rlttorh; sbt fuU c=tu b v]:fU rJfUttkd fUboatrhgt/r=Jkd; fUboatrhgt fUe muJt-rlJ]rt fUe r;r:
;fU btrmfU Cwd;tl>
(a) CrJg rlrt & fUvle tht CrJg rlrt gtm fUtu bqt Ju;l ;:t bkndtRo Ctt fUt
ni>
12
(A) Wvt=tl & vtt fUboatrhgt fUtu muJt mu rlgtusl vh muJt fuU gufU vqKo JMo fuU rtY 15 r=lt fuU Ju;l fUe =h vh
=ug ni stu fUb mu fUb 5 JMtuo ;:t yrtfU;b 30 JMtuo fUe yJrt fuU rtY rlhk;h muJt =u;u ni> Wvt=tl fUe mkdKlt
fUboathe tht ykr;b btn fuU Ju;l fUe =h vh muJt fuU gufU vqKo JMo mu yrtfU mu yrtfU 30 JMtuo fuU rtY dKlt
fUe st;e ni> fUboatrhgt fUtu =ug Wvt=tl fUe yrtfU;b htrN ` 10 ttF ni>
46.
fUxefUhK, simt rfU vrhCtrM; ylwttC =trgJt fuU vrhug b IOfUboathe ylwttCtOO vh tuFt btlfU -Y Ym-15 (mkNturt;
2005) fuU ;n;T ytJgfU ni &
fU) Gurv; ylwttC =trgJt fuU J;obtl bqg fUt mbJg &
f{.
mk.
gtiht
i.
01
yJfUtN
lfU=efUhK
(F) gg
31
btao,
2012
muJtrlJ]rt
vat;T
rarfUmt
ylwttC
` ttF buk
muJtrlJ]rt
vat;T
rlvxtl
ylwttC
=eDtoJrtfU
muJt
vwhfUth
fUboathe
vrhJth
ylwttC
gtuslt
gtud
1151.95
493.40
36.71
4.43
354.75
2041.24
130.18
30.39
1.76
0.23
0.00
162.56
85.38
38.39
2.76
0.34
25.82
152.69
80.27
98.25
(0.14)
(0.08)
21.29
199.59
0.00
0.00
0.00
0.00
0.00
0.00
(169.51)
(27.01)
(4.34)
(0.37)
(64.11)
(265.34)
1278.27
633.42
36.75
4.55
337.75
2290.74
fUtu mbtt JMo fuU rtY ttC YJk ntrl Ft;t fUe rJJhKe b JefUtht dgt &
f{.
gtiht
i.
ii.
iii.
iv.
v.
muJt ttd;
gts ttd;
cebtkrfUfU (lVUt)/ntrl
muJt vat; ttd;
ytgturs; ytr;gt vh
ylwbtrl; r;VUt
vi.
yJfUtN
lfU=efUhK
muJtrlJ]rt
vat;T
rarfUmt
ylwttC
muJtrlJ]rt
vat;T
rlvxtht
ylwttC
` ttF
=eDtoJrtfU
muJt
vwhfUth
buk
fUboathe
vrhJth
ylwttC
gtuslt
130.18
85.38
80.27
0.00
30.39
38.39
98.25
0.00
1.76
2.76
(0.14)
0.00
0.23
0.34
(0.08)
0.00
0.00
25.82
21.29
0.00
0.00
0.00
0.00
0.00
0.00
295.83
167.03
4.38
0.49
47.11
d) cebtkrfUfU tht vwr fuU ylwmth gntp fUrv; rarfUmt bwtVUer; =h b fUtuRo c=ttJ ln nwRo ni gtukrfU muJtrlJ]rt vat;T rarfUmt ylwttC
gtuslt burzjub vtprtme fuU y;do; yt"trh; ni>
80
YVU Ym Yl Yt / F S N L
(d) Long Term Service Award - Payable in kind for rendering minimum 25 years of service and also on
Superannuation.
(e) Employees Family Benefit Scheme Monthly payment to disabled separated employees/legal
heirs of deceased employees in lieu of prescribed deposit till the date of superannuation of deceased
employees.
(f) Provident Fund : 12% of Basic pay and Dearness allowance contributed to the Provident Fund
Trust by the company.
(g) Gratuity: Payable on separation at the rate of 15 days pay for each completed year of service
to eligible employees who render continuous service for a minimum period of 5 years and upto 30
years. The Gratuity is calculated at the rate of one months wages last drawn by the employee for
every completed year of service in excess of 30 years. The maximum amount of Gratuity payable
to employee is ` 10 lakhs.
46. Disclosures as required under Accounting Standard (AS) 15 (revised 2005) on Employee Benefits in respect
of Defined benefit obligations are:
a) Reconciliation of present value of projected benefit obligations:Sl. Particulars
No.
Leave
Encashment
Postretirement
Medical
Benefit
Postretirement
Settlement
Benefit
(` in lakhs)
Long Term
Service
Award
Employees
Family
Benefit
Scheme
Total
i.
1151.95
493.40
36.71
4.43
354.75
2041.24
ii.
Service cost
130.18
30.39
1.76
0.23
0.00
162.56
iii.
Interest cost
85.38
38.39
2.76
0.34
25.82
152.69
iv.
Actuarial (Gain)/Losses
80.27
98.25
(0.14)
(0.08)
21.29
199.59
v.
0.00
0.00
0.00
0.00
0.00
0.00
vi.
Benefit paid
(169.51)
(27.01)
(4.34)
(0.37)
(64.11)
(265.34)
1278.27
633.42
36.75
4.55
337.75
2290.74
Expenses recognized in the statement of Profit and Loss Account for the year ended 31st March 2012
(` in lakhs)
Sl. Particulars
No.
Leave
Encashment
Postretirement
Medical
Benefit
Postretirement
Settlement
Benefit
1.76
Long Term
Service
Award
0.23
Employees
Family
Benefit
Scheme
i.
Service cost
130.18
30.39
0.00
ii.
Interest cost
85.38
38.39
2.76
0.34
25.82
iii.
80.27
98.25
(0.14)
(0.08)
21.29
iv.
v.
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
vi.
295.83
167.03
4.38
0.49
47.11
c) There is no change in assumed medical inflation rate as confirmed by actuary since the post retirement
medical benefit scheme is covered by Mediclaim Policy.
81
YVU Ym Yl Yt / F S N L
(D)
cebtkrfUfU vqKo"thK
f{U.
mk.
JKol
31btao, 2012
(i)
(ii)
(iii)
Aqx =h
Ju;l ;:t bs=qhe bu J]r fUe =h
b]gw =h ;:t gtnhK
8.60%
5.00%
Cth;eg seJl cebt fUt rlra; b]gw =h (1994-96) ykr;b
(iv)
bwtVUer;, JrhX;t v=tulr; ;:t yg mkcr"; vntwytuk fUtu tufUh CrJg fuU Ju;l fUe J]r fUt tfUtl cebtkrfUfU bqgtkfUl buk btlt
dgt >
47
vwxefUhK/mbtttl ;:t vtrhKtrbfU mbtgtusl, gr= fUtuRo ntu, fuU hn;u nwY Jmqtegtug ;:t yrd{bt fuU ;n;T =ul=tht, tul=tht,
=tJtyt fuU y;do; =Ntogt dgt yrtNuM yrtNuMt b mbtrn; ni>
48.
fkUvle yrtrlgb, 1956 fUe ttht 441-Y fuU y;do; Cwd;ug WvfUh nu;w fkUvle lu tJttl ln cltgt ni, aqrfU ttdq ntulu fUe
r;r: ;:t ylwgwU rfUY stlu Jttu rlra; =h mu mkckrt; yrtmqalt fUe stlfUthe yc;fU ln ni>
49.
Jt;u YJk rl=uNfU bzt - VuUhtu f{iUv rldb rtrbxuz fUe ytuh mu
Y. ve. Nbto
fuU. bwhte"hl
fUkvle mraJ
82
YVU Ym Yl Yt / F S N L
ce. ce rmkn
rl=uNf
Yxtule atfUtu
ck" rl=uNf
d)
Sl.
No.
Description
i.
ii.
iii.
Discount Rate
Rate of Escalation in Salaries & Wages
Mortality and withdrawal
8.60%
5.00%
Indian Assured Lives Mortality (1994-96) ultimate
iv.
The estimate of future salary increase is considered in actuarial valuation taking account of inflation,
seniority promotion and other relevant factors.
47. Balances shown under creditors, debtors, claims under recoverable and advances include balances subject
to confirmation/ reconciliation and consequential adjustment if any.
48. The Company has not made provision for Cess payable under section 441A of the Companies Act, 1956 as
the notification as regards the date of applicability and the exact rate to be applied has not yet come to
notice.
49. Director sitting fees of ` 15000/- (PY ` Nil) has been paid during the financial year.
For and on behalf of the Board of Directors of Ferro Scrap Nigam Limited
83
YVU Ym Yl Yt / F S N L