Académique Documents
Professionnel Documents
Culture Documents
Page Nos.
1.
2.
Board of Directors
3.
4. Notice
5.
15
6.
Chairmans Statement
20
7.
Directors Report
21
8.
87
9.
94
10.
95
11.
Statement of Profit & Loss Account for the year ended 31st March, 2015
96
12.
Cash flow statement for the year ended 31st March, 2015
97
13.
Statement of Standalone results for the Year ended 31st March, 2015
98
14.
100
15.
101
16.
126
17.
136
141
18.
(b) Comments of the Comptroller and Auditor General of
India under Section 143 (6)(b) of the Companies Act, 2013.
148
164
Vision
To emerge from the position of domestic leader to
leading global player in the energy sector by adopting
best practices from mine to market with due care to
environmental and social sustenance.
Mission
Board of Directors
Shri T. K. Nag
Chairman-cum-Managing Director
PART-TIME OFFICIAL DIRECTORS
R. K. Sinha
B. K. Saxena
PART-TIME NON OFFICIAL DIRECTOR
A. K. Gupta
PERMANENT INVITEES
Deepak Nath
S. J. Sibal
C. P. Rai
FUNCTIONAL DIRECTORS
2 Pandey
Gunadhar
P. S. R. K. Sastry
CIN U10102MP1985GOI003160
Board of Directors
(As on 26.06.2015)
Chairman-cum-Managing Director
Shri Tapas Kumar Nag
Functional Director
Director (Personnel)
Technical
Shri P. S. R. K. Sastry
Shri B.K.Saxena
Director
Director
Shri Deepak Nath
Chief Operations Manager, East Central
Railways, Hazipur.
Shri C.P.Rai
Addl. Principal Chief Conservator of Forest
(LM), Govt. of Madhya Pradesh, Bhopal.
Company Secretary (Actg.)
Shri D. K. Sharma
Board of Directors
(During the year 2014-15)
Chairman-cum-Managing Director
(w.e.f. 30.09.2014)
(upto 29.09.2014)
Functional Directors
Shri N. Das*
Shri A.K.Pandey
Shri B. K.Saxena
Director (Marketing), Coal India Ltd.,
Kolkata (Whole Year)
Part-time Non-Official Directors
Shri A.K.Gupta
Permanent Invitees
Shri N.N.Misra
Shri Deepak Nath
Chief Operations Manager, East Central Railways,
Hazipur, Bihar. (Whole year)
Shri C.P.Rai
Company Secretary
Shri D. H. Lalwani
(Upto 12.12.2014)
Shri D. K. Sharma
(w.e.f. 12.12.2014)
Shri Niranjan Das ceased to be Director (Technical), NCL w.e.f. 02.10.2013 in terms of MOCs
letter No. 21/3/2007-ASO dated 03.11.2014 and order No. CIL/C-5/A(ii)/N.Das/D(T),NCL/B-380
dated 04.11.2014 issued by GM(P), CIL, Kolkata.
4
Auditors
Statutory Auditors
M/s. Prakash & Santosh,
Chartered Accountants,
Kanpur ( U.P. )
Branch Auditors
cost Auditors
M/s. K. B. Saxena & Associates,
208-209 Ansal City Centre
Hajratganj, Lucknow ( U.P. )
Branch Auditors
secretarial Auditor
Shri Krupesh Mankodi
Practising Company Secretary,
A-2, Sneh Vihar Flats, 130,
Napier Town, Jabalpur (MP)
Registered Office
P. O. Singrauli Colliery
Distt. Singrauli ( M.P.) 486 889
7
Shri S. Bhattacharya, Chairman, Coal India Ltd., Member, NCL, Coal Bhawan, New Town, Rajarhat,
Kolkata 700 156.
3. Shri B. K. Saxena, Director (Marketing), Coal India Ltd., Member, NCL, Coal Bhawan, New Town, Rajarhat,
Kolkata 700156.
4. Shri T. K. Nag, Chairman-cum-Managing Director, Member, NCL, Singrauli (MP).
5. All Directors/Permanent Invitees, NCL Board/Chairman, Audit Committee, NCL.
6. M/s Prakash & Santosh, Chartered Accountants, Statutory Auditors, NCL, Ronald Complex, Flat
No. 8, Upper Floor, West Cott Building, 37/17, The Mall, Kanpur 208 001 (UP)
7.
M/s. K. B. Saxena & Associates, Central Cost Auditors, NCL, 208-09 Ansal City Centre, Hajratganj,
Lucknow (UP).
8.
Shri Krupesh Mankodi, Practising Company Secretary, Secretarial Auditor, NCL, A-2, Sneh Vihar
Flats, 130, Napier Town, Jabalpur (MP).
NOTICE
30th ANNUAL GENERAL MEETING
Notice is hereby given that the Thirtieth Annual General Meeting of the Members of Northern
Coalfields Limited will be held at 11.30 A.M. on Saturday, 27th June 2015 at the Registered Office
of the Company at Singrauli Colliery, Distt. Singrauli (M.P.) to transact the following business:
Ordinary Business :
1.
To consider and adopt the Audited Financial Statements of the Company for the financial
year ended March 31, 2015 including the Audited Balance Sheet as at March 31, 2015 and
Statement of Profit and Loss for the year ended on that date and the Reports of Board of
Directors, Statutory Auditor and Comptroller and Auditor General of India thereon.
2.
To confirm the payment of two interim dividends paid on equity shares for the Financial year
2014-15 as final dividend for the year 2014-15.
3.
To appoint a Director in place of Ms. Shantilata Sahu, who retires by rotation in terms of Section
152(6) of the Companies Act 2013 and being eligible, offers herself for re-appointment.
4.
To appoint a Director in place of Shri B. K. Saxena, who retires by rotation in terms of Section
152(6) of the Companies Act 2013 and being eligible, offers himself for re-appointment.
special Business :
5.
Ratification of Remuneration of the Cost Auditors for the Financial Year 2015-16
To consider and if thought fit to pass, with or without modifications, the following as an ordinary
resolution
RESOLVED THAT pursuant to the provisions of Section 148(3) of the Companies Act, 2013
read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014 (Including any other
statutory modification(s) or reenactment thereof for the time being in force)the remuneration
8
Status
1.
Central
Auditor
2.
3.
TA & Out of
Pocket
Expenses
Reimbursement
of Service Tax
Rs. 2,15,332.00
At Actual subject to
the limit of 50% of
Audit Fees
At Actual
Branch
Auditor
Rs. 78,955.00
At Actual subject to
the limit of 50% of
Audit Fees
At Actual
Branch
Auditor
Rs. 78,955.00
At Actual subject to
the limit of 50% of
Audit Fees
At Actual
Registered Office :
P.O.Singrauli Colliery,
Distt. Singrauli (M.P.) - 486 889
Date : 19/06/2015
Note:
1.
Members are also requested to accord their consent for convening the meeting at a shorter
Notice under section 101 of the Companies Act, 2013.
2.
A member entitled to attend and vote at the meeting is also entitled to appoint a proxy or proxies
to attend and vote instead of himself/herself and proxy need not be a member of the Company.
In order to be effective, the Proxy form duly completed should be deposited at the registered
office of the Company not less than forty-eight hours before the scheduled time of the Annual
General Meeting.
3.
The explanatory statement pursuant to Section 102 (1) of the Companies Act, 2013 with respect
to the special business set out in the Notice is annexed.
4.
Pursuant to the provision of Section 171(1)(b) and 189(4) of the companies Act,2013, the
registers required to be kept open for inspection at every Annual General Meeting of the
company, shall accessible during the continuance of the meeting to any person having the
right to attend the meeting.
Copy to:
1 Company Secretary, Coal India Ltd., Coal Bhawan, New Town, Rajarhat, Kolkata - 700 156.
2
3
4
Item No. 5 : Ratification of Remuneration of the Cost Auditors for the F/Y 2015-16
Section 148(3) of the Companies Act, 2013 read with Rule 14 (a)(ii) of the Companies (Audit and
Auditors) Rules, 2014 dealing with remuneration of Cost Auditors, requires that the remuneration
recommended by the Audit Committee shall be considered and approved by the Board of Directors
and ratified subsequently by the shareholders.
The remuneration of the Cost auditors appointed for the Financial Year 2015-16 has been recommended
by the Audit Committee in its 71st meeting and subsequently has been approved by the Board of
Directors of the Company vide Item no. 194/C-14 in its 194th Meeting held on 20.4.2015 at Singrauli.
The same is put up to the shareholders of the Company for ratification.
None of the Directors or Key Managerial Personnel or their relatives is concerned or interested in
this item.
10
Turnover
10!
9!
(Rs. in Crores)
Thousands
8!
7!
6!
5!
4!
3!
2!
0506
0607
0708
0809
0910
1011
1112
1213
13-14
14-15
4546.86
4630.84
5455.21
6551.94
7264.84
7516.03
7916.52
8731.71
9303.88
9452.58
Profit
5000
4500
4000
(Rs. in Crores)
Thousands
3500
3000
2500
2000
1500
1000
500
0
0506
0607
0708
0809
Gross Margin
(PBDIT & CPRA*)
0910
1011
1112
1213
13-14
14-15
0506
0607
0708
0809
0910
1011
1112
1213
13-14
14-15
2512.96
2555.11
3121.64
3612.04
4033.11
4329.97
4665.89
4735.35
3731.85
4096.07
2116.26
2177.61
2763.75
3131.01
3766.01
3956.36
4265.67
4420.58
3355.71
3713.73
1300.98
1366.48
1771.66
1960.93
2325.09
2445.45
2770.09
2682.13
2008.02
2134.17
11
12
10
20
30
40
50
60
70
0607
52.62
0506
51.679
52.158
51.518
80
0607
0506
10
20
30
40
50
60
70
59.016
0708
59.566
0708
67.67
0910
66.25
1011
64.23
0809
1011
1112
66.4
1112
1213
70.02
1213
0910
Off-Take
63.65
0809
72.11
13-14
72.48
14-15
73.69
14-15
68.64
13-14
80
Coal Production
50
100
150
200
250
224.8
0809
0708
1011
0607
0910
0506
1213
13-14
246.38
1112
240.77
1213
253.71
13-14
1112
Composite Production
182.17
0809
0708
1011
0607
0910
0506
300
50
100
150
200
250
257.01
14-15
210.61
14-15
MPGATSVA
12%
Others
2%
Excise
Duty
10%
Royalty
47%
Clean
Energy
Cess
17%
Statutory
Levies-
U.P.
Stowing
Excise
Duty
2%
Others
10%
Royalty
26%
Excise
Duty
18%
Clean
Energy
Cess
24%
13
MPGATSVA, 9%
Others, 5%
Stowing Excise
Duty, 2%
Excise Duty, 12%
Royalty, 41%
Clean Energy
Cess, 19%
Central & State
Sales Tax, 12%
CSR Exp., 1%
Provisions,
2%
Depreciation/
Amortization/
Impairment,
5%
Other Expenditure, 6%
Overburden Removal
Adjustment, 14%
Cost of Material
Consumed, 22%
Contractual Expenses,
17%
Repairs, 3%
Employee Benefit
Expenses, 26%
14
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-2009 2007-2008
2006-2007 2005-2006
177.67
177.67
177.67
177.67
177.67
177.67
177.67
177.67
177.67
177.67
5699.69
9076.42
9568.40
8756.62
7918.21
7179.61
6483.20
5898.79
5382.68
4547.59
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
5877.36
9254.09
9746.07
8934.29
8036.83
7327.81
6660.87
6076.46
5560.36
4725.26
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(3) Loan
0.00
0.00
612.83
735.30
739.50
789.97
963.80
815.04
887.70
977.98
11002.34
13406.51
13499.54
12038.45
8455.51
7880.77
7366.30
6616.08
6363.82
5684.33
2519.71
2297.33
2135.06
2192.70
2164.14
2204.42
1914.37
1832.27
1897.30
1949.20
11450.56
13569.69
14211.13
12596.38
12182.38
10473.42
9277.42
7585.25
6459.63
5390.53
8482.63
11109.18
11364.48
9845.75
6291.37
5676.34
5451.93
4783.80
4466.52
3735.13
2967.93
2460.51
2846.65
2750.63
5891.00
4797.08
3825.49
2801.45
1993.11
1655.40
621.14
955.94
1738.21
425.70
99.40
123.00
73.73
51.83
50.53
108.91
7265.10
7443.79
8432.77
8738.30
8626.36
6949.63
5506.02
3959.23
3095.74
2428.74
456.25
408.47
369.05
336.84
294.14
320.26
300.47
204.31
182.35
166.70
379.54
484.64
629.32
391.10
199.81
75.05
46.30
75.65
39.52
56.60
0.12
0.08
0.02
0.03
0.00
12.24
12.58
17.78
3.84
1.26
432.36
388.76
352.95
315.49
307.20
310.37
252.39
193.33
174.53
162.33
4096.07
3731.85
4735.37
4665.89
4329.97
4033.11
3612.05
3121.64
2555.11
2512.95
382.34
360.69
294.53
378.09
349.84
239.23
433.32
314.84
327.94
349.67
3713.73
3371.16
4440.84
4287.80
3980.13
3793.88
3178.73
2806.80
2227.17
2163.28
0.26
15.45
20.26
22.13
23.77
27.59
47.71
43.05
49.56
47.03
3713.47
3355.71
4420.58
4265.67
3956.36
3766.30
3131.01
2763.75
2177.61
2116.26
1579.30
1347.69
1738.45
1495.58
1510.92
1441.20
1170.09
992.09
811.12
815.28
2134.17
2008.02
2682.13
2770.09
2445.45
2325.10
1960.93
1771.66
1366.49
1300.98
13161.25
12419.62
11616.11
10176.94
8972.50
8415.61
7617.93
6388.79
5408.79
5315.09
9452.58
9303.88
8731.71
7916.52
7516.03
7264.84
6551.94
5455.21
4630.84
4546.86
787.72
775.32
727.64
659.71
626.34
605.40
546.00
454.60
385.90
378.91
5739.11
5948.17
4311.13
3650.85
3559.66
3498.54
3420.93
2691.46
2453.23
2430.61
7054.65
7154.05
5565.82
4866.76
4585.01
4374.20
4225.41
3373.28
2994.07
2785.75
1800.47
1711.24
1599.87
1397.23
1050.41
970.11
1105.20
631.05
526.04
455.25
1578.70
1590.52
1379.16
1270.46
1242.09
1167.28
1208.70
1114.13
1050.98
904.44
317.77
310.56
295.44
266.75
254.64
229.28
226.47
234.66
234.20
230.08
0.26
15.45
20.26
22.13
23.77
27.59
47.71
43.05
49.56
47.03
382.34
360.69
294.53
378.09
349.84
239.23
433.32
314.84
327.94
349.67
(e) Interest(Gross;Rev.only)
(f) Depreciation(Gross;Rev.only)
(6) Av. Cons. of Stores & Spares/month
131.56
132.54
114.93
105.87
103.51
97.27
100.72
92.84
87.58
75.37
4096.07
3731.85
4735.37
4665.89
4329.97
4033.11
3612.05
3121.64
2555.11
2512.95
3713.47
3355.71
4420.58
4265.67
3956.36
3766.30
3131.01
2763.75
2177.61
2116.26
15
PROFITABILITY RATIOS
(1)
As % Net Sales
(2)
(3)
2014-15
2013-14
2012-13
2011-12
2010-11
43.33
40.11
54.23
58.94
57.61
55.52
55.13
57.22
55.18
55.27
39.29
36.23
50.86
54.16
52.96
52.22
48.52
51.45
48.09
47.58
39.29
36.07
50.63
53.88
52.64
51.84
47.79
50.66
47.02
46.54
25.52
23.92
28.74
28.71
22.91
22.18
26.16
18.71
17.57
16.34
32.47
As % Total Expenditure
22.38
22.23
24.78
26.10
27.09
26.69
28.61
33.03
35.10
4.50
4.34
5.31
5.48
5.55
5.24
5.36
6.96
7.82
8.26
0.00
0.22
0.36
0.45
0.52
0.63
1.13
1.28
1.66
1.69
5.42
5.04
5.29
7.77
7.63
5.47
10.26
9.33
10.95
12.55
As % Capital Employed
(a) Gross Margin
37.23
27.84
35.08
38.76
51.21
51.18
49.03
47.18
40.15
44.21
33.75
25.15
32.90
35.62
47.07
48.14
43.15
42.42
35.00
38.06
33.75
25.03
32.75
35.43
46.79
47.79
42.50
41.77
34.22
37.23
0.61
0.64
0.49
0.46
0.47
0.48
0.52
0.49
0.53
0.53
(4)
(B)
LIQUIDITY RATIOS
(1)
Current Ratio
(Current Assets/Current Liabilities)
3.86
5.51
4.99
4.58
2.07
2.18
2.43
2.71
3.24
3.26
(2)
Quick Ratio
(Quick Assets/Current Liabilities)
3.58
5.15
4.64
4.31
1.98
2.10
2.33
2.60
3.13
3.12
(3)
Working Capital as % of
(a) Capital Employed
77.10
82.86
84.18
81.79
74.41
72.03
74.01
72.31
70.19
65.71
336.65
483.57
532.28
449.02
290.71
257.50
284.79
261.09
235.41
191.62
(C)
TURNOVER RATIOS
(1)
0.86
0.69
0.65
0.66
0.89
0.92
0.89
0.82
0.73
0.80
(2)
1.11
0.84
0.77
0.80
1.19
1.28
1.20
1.14
1.04
1.22
(3)
(4)
(5)
(D)
1.21
1.56
1.80
0.50
0.13
0.18
0.12
0.10
0.11
0.25
1.69
2.08
2.39
0.65
0.16
0.20
0.14
0.11
0.13
0.29
0.14
0.17
0.20
0.05
0.01
0.02
0.01
0.01
0.01
0.02
0.04
0.05
0.07
0.05
0.03
0.01
0.01
0.01
0.01
0.01
0.32
0.28
0.26
0.25
0.25
0.27
0.21
0.17
0.17
0.18
3.82
3.41
3.21
3.18
2.84
3.29
2.98
2.20
2.08
2.21
STRUCTURAL RATIOS
(1)
Debt : Equity
0.00
0.00
3.45
4.14
4.16
4.45
5.42
4.59
5.00
5.50
(2)
Debt : Networth
0.00
0.00
0.06
0.08
0.09
0.11
0.14
0.13
0.16
0.21
33.08
52.09
54.85
50.29
45.23
41.24
37.49
34.20
31.30
26.60
0.43
0.25
0.22
0.25
0.27
0.30
0.29
0.30
0.34
0.41
(3)
Networth : Equity
(4)
(E)
SHAREHOLDERS INTEREST
(1)
13763.78 13086.39
11036.72
9971.49
7691.02
7322.35
(2)
45233.90 41243.28
37489.55
34200.28
31295.48
26595.29
(3)
25687.61 12026.83
6622.03
5982.90
3076.41
2928.90
9057.55
16
9354.56
8258.27
7851.83
OPERATIONAL STATISTICS
Year
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-2009
2007-2008
2006-2007
2005-2006
A.
Operational Statistics:
(1)
724.84
686.39
700.21
664.01
662.53
676.70
636.50
595.66
521.58
515.18
724.84
686.39
700.21
664.01
662.53
676.70
636.50
595.66
521.58
515.18
2106.14
2087.87
1957.06
2016.64
1822.16
1779.76
2027.49
1771.49
1395.88
1338.64
2106.14
2087.87
1957.06
2016.64
1822.16
1779.76
2027.49
1771.49
1395.88
1338.64
696.53
672.07
645.48
613.47
642.31
642.31
612.83
567.25
514.78
508.62
Cement
1.31
1.55
1.70
0.12
0.00
0.00
0.00
0.00
0.00
0.00
Others
38.84
47.49
25.67
18.48
20.29
20.29
25.16
19.11
11.42
8.17
736.68
721.11
672.85
632.07
662.60
662.60
637.99
586.36
526.20
516.79
As on 1st April
16741
16073
16329
16209
16373
16450
16697
16726
16914
17174
As on 31st March
16226
16741
16073
16329
16209
16373
16450
16697
16726
16914
Average
16484
16407
16201
16269
16291
16412
16574
16712
16820
17044
4397.23
4183.52
4322.02
4081.44
4066.85
4123.20
3840.35
3564.27
3100.95
3022.65
13.76
13.78
13.65
13.55
13.52
13.19
14.58
13.81
10.97
10.60
3251.31
3026.36
2816.71
2323.99
2038.97
1786.44
2065.80
1203.42
1004.55
837.99
(2)
Total
(3)
(4)
Manpower:
Productivity:
(a) Average per man per year (Tes)
(b) Output per Manshift (Tes)
B.
(1)
(2)
906.65
878.37
802.13
719.21
639.07
593.91
629.45
537.07
550.83
514.09
(3)
1260.58
1305.63
1253.76
1193.76
1130.18
1059.48
1005.47
904.20
872.59
865.55
17
EMP_NO
90009713
EMP_NAME
GRD
DESG DES
POST_DT
DT_BIRTH
DSP NAME
MRITYUNJOY MISHRA
E8
GM(MINING)
4/9/2013
5/9/1958
MINING
90010125
O.K.PRASAD
E8
GM(MINING)
9/15/2013
5/23/1956
MINING
90070285
E8
GM(MINING)
8/23/2014
1/24/1956
MINING
90175472
SINGESHWAR SINGH
E8
GM(MINING)
11/19/2012
1/12/1958
MINING
90103003
P.K.SINHA
E8
GM(MINING)
2/1/2015
1/1/1962
MINING
90175563
SUNIL KR.JHA
E8
GM(MINING)
8/23/2014
12/12/1959
MINING
90176132
CHANCHAL GOSWAMI
E8
GM(MINING)
4/20/2015
2/19/1962
MINING
90062977
CHITRANJAN SINGH
E8
GM(MINING)
11/30/2012
7/11/1959
MINING
90113937
A.N.PANDEY
E8
GM(MINING)
9/4/2013
6/7/1964
MINING
10
90125428
S.K.GOMASTA
E8
GM(MINING)
9/25/2008
9/25/1963
MINING
11
90125600
P.K.BISWAL
E8
GM(MINING)
1/31/2009
9/24/1962
MINING
12
90176272
E8
GM(MINING)
2/7/2015
9/3/1962
MINING
13
90176520
BIPIN KUMAR
E8
GM(MINING)
2/7/2015
1/16/1963
MINING
14
90186438
E8
GM(MINING)
1/31/2015
1/3/1962
MINING
15
90114331
SANJAY MISHRA
E8
GM(MINING)
4/24/2015
2/24/1964
MINING
16
90176082
ATMESHWAR PATHAK
E8
GM(MINING)
9/13/2010
1/27/1961
MINING
17
90113770
L.P.GODSE
E8
GM(MINING)
10/8/2012
6/1/1964
MINING
18
90125477
CHANDRA KRISHNA
E8
GM(MINING)
10/1/2014
10/1/1958
MINING
19
90125691
E8
GM(MINING)
17/5/2015
24/2/1964
MINING
20
90093089
E8
GM(E&M)
3/30/2010
11/25/1955
(E&M)
21
90085143
R.K.BERA
E8
GM(E&M)
6/19/2014
11/4/1957
(E&M)
22
90130592
G.P.AGRAWAL
E8
GM(E&M)
8/13/2007
3/26/1958
(E&M)
23
90130170
P.K.GAUR
E8
GM(E&M)
2/17/2015
1/10/1960
(E&M)
24
90130444
A.CHAKRAVARTY
E8
GM(E&M)
2/16/2015
4/4/1956
(E&M)
25
90179789
RANJIT VERMA
E8
GM(E&M)
6/25/2014
12/6/1958
(E&M)
26
90180027
A.K.MUKHERJEE
E8
GM(E&M)
11/25/2013
10/28/1957
(E&M)
27
90081001
E8
GM(CIVIL)
5/24/2012
8/30/1955
(CIVIL)
28
90093550
E8
GM(CIVIL)
1/3/2015
1/26/1960
(CIVIL)
29
90086059
E8
GM(CIVIL)
4/23/2015
12/6/1956
(CIVIL)
30
90153784
R.R.JHA
E8
GM(EXCAV)
1/6/2011
9/1/1956
(EXCAVATION)
31
90072224
R.N.BANDYOPADHYAY
E8
GM(EXCAV)
12/17/2014
11/27/1956
(EXCAVATION)
18
90154055
TARUN KUMAR
E8
GM(EXCAV)
12/15/2014
1/11/1958
(EXCAVATION)
33
90086984
BRAJPAL SINGH
E8
GM(EXCAV)
12/18/2012
7/20/1957
(EXCAVATION)
34
90107350
RAJASEKHAR KOTTURI
E8
GM(EXCAV)
2/3/2015
8/1/1959
(EXCAVATION)
35
90132911
A.KUMAR
E8
GM(EXCAV)
9/4/2012
9/11/1956
(EXCAVATION)
36
90133000
M.B.V.SIVA KUMAR
E8
GM(EXCAV)
2/28/2014
12/2/1956
(EXCAVATION)
37
90060815
VIPIN BHADRISH
E8
GM(EXCAV)
7/22/2014
2/17/1957
(EXCAVATION)
38
90087073
SURESH CHANDRA
E8
GM(EXCAV)
11/29/2008
10/15/1957
(EXCAVATION)
39
90107798
M.K.CHOUHAN
E8
GM(EXCAV)
12/23/2014
3/1/1958
(EXCAVATION)
40
90107970
V.A.SIDDIQUI
E8
GM(EXCAV)
6/17/2014
3/11/1957
(EXCAVATION)
41
90132986
T.V.GANGADHAR
E8
GM(EXCAV)
7/5/2011
5/28/1958
(EXCAVATION)
42
90133166
ASGAR ALI
E8
GM(EXCAV)
11/10/2008
4/7/1957
(EXCAVATION)
43
90133182
N.L.GYANANI
E8
GM(EXCAV)
3/5/2013
6/4/1958
(EXCAVATION)
44
90093972
P.K.UPADHYAY
E8
GM(FINANCE)
11/5/2012
8/10/1955
FINANCE &
ACCOUNTS
45
90094012
P S K RAO
E8
GM(FINANCE)
4/10/2014
8/13/1955
FINANCE &
ACCOUNTS
46
90108614
P. J. MOHAN RAO
E8
GM(FINANCE)
7/3/2013
6/11/1956
FINANCE &
ACCOUNTS
47
90141953
E8
GM (QC)
2/6/2015
12/7/1957
MINING
48
90059353
O.P.NARAYAN
E8
CH.MEDICAL-SRVC
7/24/2006
3/9/1957
MEDICAL
49
90088923
I.B.MISHRA
E8
CH. MEDICAL
SRVC
5/7/2005
2/19/1958
MEDICAL
50
90095647
P.K.SINHA
E8
GM(MM)
11/16/2012
1/5/1957
MATERIALS
MANAGEMENT
51
90081217
N.DUTTA
E8
GM(MM)
9/2/2013
10/21/1957
MATERIALS
MANAGEMENT
52
90040577
A.K.VERMA
E8
GM
(SALES&QC)
10/1/2012
1/10/1956
SALES/MRKT/
QUAL CNTL
53
90137159
K.PATHAK
E8
GM
(PERS&ADM)
10/15/2007
6/20/1956
PERSONNEL &
ADMN
54
90110396
A.JAGADESWAR REDDY
E8
GM
(PERS&ADM)
10/1/2012
5/6/1956
PERSONNEL &
ADMN
55
90060583
E8
GM (SYSTEM)
7/10/2003
5/15/1957
SYSTEM AND
EDP
56
90172214
E8
GM (IE)
3/3/2003
10/2/1956
INDUSTRIAL
ENGG
57
90073818
BALKRISHNA SHARMA
E8
CGM
(ENVIRON)
11/9/2012
3/16/1957
ENVIRONMENT
58
90154204
S.K.MESHRAM
E7
CM (E&T)
20/8/1981
15/9/1958
E&T
19
Chairmans Statement
Dear Shareholders,
On behalf of the Board of Directors of Northern Coalfields Limited ( NCL), I
welcome you to the 30th Annual General Meeting of NCL and present before
you the Annual Report of your company for the Financial Year 2014-15.
Your Company produced 72.48 Million Tonnes of coal during the year 2014-15
with a growth of 5.60% over previous year.
On the Financial front, however, your Company recorded better performance in
as much as that the profit Before Tax (PBT) of your Company during 2014-15 was
Rs. 3713.47 crores registering a growth of 10.66% over PBT of Rs. 3355.71 crores
during the year 2013-14. The Company paid Dividend of Rs. 4563.99 crores for
the year 2014-15 which works out to 2568.76% of the Paid-up Equity Share Capital.
Off-take of Coal during the year 2014-15 was 73.69 MT against the previous years Off-take of 72.11
MT registering a growth of 2.19%.
Your Company followed the concept of workers participation in management and maintained cordial
industrial relations. Your Company also paid due attention on employees welfare and social amenities.
Corporate Social Responsibility (CSR) activities undertaken by your Company during the year included
construction of roads, water supply, community hall, skill development, healthcare, education.
Your Company has complied with the conditions of Corporate Governance as stipulated in the
Guidelines on Corporate Governance for Centeral Public Sector Enterprises (CPSEs) issued by
the Department of Public Enterprises, Government of India. As required under the said guidelines a
separate section on Corporate Governance has been added in the Directors Report and a Compliance
Certificate obtained from the Statutory Auditors has been annexed to the Directors Report.
The physical and financial results achieved by NCL have been possible due to relentless efforts made
by the employees of the Company. I am sure, all employees will continue to put in concerted efforts
to scale newer heights and thus achieve the targets set for the Company not only for Coal Production
but also on all fronts.
Coal being the prime source of energy, demand for the same is ever increasing. For the year 2015-16,
your Company has been assigned a target of 79.50 MT for coal production. We also need to focus
our attention on liquidation of coal stocks so as to maximize sales realization and in turn to achieve
much better financial results.
I am confident that with sustained efforts of all concerned, NCL will grow at desired pace in the Financial
Year 2015-16 and years ahead.
I also take this opportunity to convey our sincere thanks to the Government of India, Ministry of Coal,
Coal India Limited and all Stakeholders for the trust reposed on us and opportunity given for further
growth.
Sd/( T. K. NAG )
Chairman-cum-Managing Director
Northern Coalfields Limited
20
DIRECTORS REPORT
To
The Members/Shareholders,
1.0
FINANCIAL REVIEW
1.1
(Rs. in crore)
Description
Gross Margin
Less: Depreciation
360.69
3713.73
3371.16
0.26
15.45
3713.47
3355.71
1579.30
1347.69
2134.17
2008.02
21
4096.07 3731.85
382.34
Gross Profit
2014-15 2013-14
38.42
3.08
213.42
200.80
4563.99
2136.84
912.53 363.16
(3555.77)
(734.28)
1.7
SHARE CAPITAL
Year
Billing
(Rs. in
crore)
% Realisation
against billing
2014-15 14778.48
13646.57
92.34
2013-14 14315.42
12705.80
88.75
TRANSFER TO RESERVE
1.8
1.4 DIVIDEND
(Rs. in crore)
Consumer
As on 31.3.2015
As on 31.3.2014
UPRVUNL
361.68
30.66
NTPC
889.73
1532.94
Others
77.56
46.02
1328.97
1609.62
Total
1.5 BORROWINGS
1.5.1 The Company has not taken any loan
from CIL, Government or any financial
institution during the year.
1.6
SALES REALISATION
CAPITAL EXPENDITURE
Royalty
1.9
Excise Duty
15.52
2.89
18.41
4.92
6.00
10.92
Entry Tax
6.90
31.17
38.07
5.62 32.69
38.31
Service Tax
9.10
5.05
14.15
7.27
3.16
10.43
54.26
18.83
73.09
52.86 19.42
72.28
SSDA Cess
11.27
11.27
Property Tax
1.76
Forest Cess
Professional Tax
2014-15
2013-14
MP UP Total MP UP Total
MPGATSVA
Total
13.15
13.15
12.99
40.78
53.77
2.52
2.52
268.90
14.76 39.77
2.22
54.53
2.22
1.9.1 I n t h e r e p o r t f o r t h e y e a r e n d e d
31st March, 2004, it was informed that
under the Scheme for One Time Settlement
of SEBs dues to Central Public Sector
Undertakings (CPSUs) introduced by the
Central Govt., 8.5% tax free bonds of the
State Government for an amount of Rs.
114.56 crores were issued by Reserve
Bank of India against the outstanding dues
of UPSEB / UPRVUNL as on 30.09.2001.
Out of Rs. 114.56 crores, Rs. 103.10 crores
23
2.0
PRODUCTION PERFORMANCE
2.1
Dept.
Coal
Offtake
(Mill. Tes)
Over
Burden
Removal
(Mill. Cum)
Composite
Production
(Mill. Cum)
2013-14
Actual
%
Growth
over
Previous
Year
93.53
68.64
5.60
73.69
93.87
72.11
2.19
Actual
%
Achvt
77.50
72.48
78.50
Dept.
80.00
75.59
94.49
79.47
-4.88
Outsourcing
160.00
135.02
84.39
129.31
4.41
Total
240.00
210.61
208.78
0.88
Total
289.59
257.01
253.02
1.58
87.76
88.75
Required
(nos.)
Shortage
Total Existing Existing
as per
in
Equipcapacity nos. on Capacity
Shortage
PR/RPR/
Capacity
Remarks
ment
(Cum/ 1st April (Cum/
in nos.
NCL
(Cum/
Tes)
2015
Tes)
Board
Tes)
approval
Dragline
23
511
19
440
71
3
Shortages
based on
24 Cum
bucket
capacity
Shovel
102
990.7
72
712
278.7
28
Shortages
based on
10 Cum
bucket
capacity
Dumper
725
68185
461
45930 22255
223
Shortages
based on
100 Tes
bucket
capacity
Rail
34.18%
MGR
48.35%
Dipper Handle,
Drive Tumbler,
Shaft and Pinion,
and various types of Gears etc.
Dragline
19
19
19
17
18
Shovel
105
96
94
85
88
Dumper
569
558
515
446
458
Dozer
157
136
138
130
163
Drill
130
91
122
136
132
11
Decrease of
shovels & D/L
in numbers
% decrease in
digging units
8.57
10.48
19.04
&
10.52
16.19%
&
5.26%
Decrease of
Dumpers in
numbers
11
54
123
111
% decrease in
Transportation
units
1.93
9.49
21.61
19.51
20 & 2 17 & 1
3.1
Particulars
2.2
2010-11
2011-12
2012-13
2013-14
2014-15
Dragline
system
76.68
67.67
66.14
65.71
59.59*
Mine
Capacity
Utilization
73.90
67.29
67.71
68.40
69.49*
Shovel
Dumper
System
72.72
67.13
68.40
69.65
74.59*
HEMM
3.2
Sl.
No.
Productivity
Performance of HEMM
Equipment
% Achievement of
availability against
standard
% Achievement of
Utilization against
standard
2013-14
2014-15
2013-14
2014-15
(+) increase/
() decrease
% Av
% Ut
Dragline
92.36
94.28
92.28
96.37
1.92
4.09
Shovel
79.30
88.45
62.72
76.4
9.15
13.68
Dumper
92.52
106
68.32
81.4
13.48
13.08
Dozer
99.47
109.67
49.53
56.91
10.2
7.38
Drill
111.64
115.63
33.39
38.39
3.99
5.00
3.4
3.5
Sl.
No.
Equipment
Equipment
1.
Surface Miner
Capacity
Qty.
Name of Firm
100 T
36
Dozer
410 HP
40
M/s BEML
Crane
9000 Kgs
17
M/s A C E
11000
Kgs
M/s Escort
70 KL
M/s BEML
3.5 Cum
04
M/s BEML
Dumper
Water Sprinkler.
Hyd. Excavator with
Backhoe attachment
3.7
Project-wise
Distribution
4 Nos.
2.
09 Nos
AML-3,NGH-2,KHD-2,
BINA-1,JNT-1
3.
02 nos
JNT-1 ,DCH-1
1.
4.
07 Nos
JNT-5,DCH-2
5.
24/ 88 Draglines
05 Nos
Currently
Valid
Under
Process
Fresh
Transmission spares
01
01
2.
Drills
02
02
3.
Equipments
02
01
01
4.
Engines
02
02
5.
Draglines
08
01
05
02
6.
Dumpers
09
06
02
01
7.
Shovels
10
02
08
8.
Bearings
01
01
6.
20 Cum E R Shovel
06 Nos
AML-3,NGH-2,KHD-1
7.
03 Nos
DCH-2, NGH-1
8.
05 No
9.
190T Dumpers
30 Nos
(28+2
Nos)
JNT-14,DCH-7,AML-7 = 28
Nos (Regular Tender)
02 Nos (AML-1 & DCH-1)
Trial Tender
10.
60 KL Water Sprinkler
4 Nos
Bina-2 ,NGH-2
11.
28 K L Water Sprinkler
02 Nos
KSL-2* *PCD
12.
21 Nos
NGH-5,BINA-3,DCH-1
,JNT-1, KHD-2+2* BLOCK-B
2*,KSL-2* AML-3* (*PCD)
13.
311 mm Drill
04 Nos
AML-2*,KHD-2* *PCD
14.
90 T Crane
1 No
AML-1
15.
75 T Crane
1 No
JNT-1
16.
40 T Crane
1 No
NGH -1
17.
30 T Crane
02 Nos
JNT-1, DCH-1
18.
18 T Crane
05 Nos
DCH-1,JNT-1,NGH-2, KHD-1
19.
Drill 250 mm
02 Nos
KSL-2* *PCD
20.
Drill 160 mm
02 Nos
KHD-2* *PCD
21.
Dumper 100T
34 Nos
22.
410 HP Dozer
08 Nos
NGH-03,Jayant-03, Bina-01,
Dch-01
Sl.
No.
3.8
Head
Transmission
Wheel Motor
Dipper
Handle
(Nos.)
Year
Overhauled
(Nos.)
Repaired
(Nos.)
Overhauled
(Nos.)
Repaired
(Nos.)
Overhauled
(Nos.)
Repaired
(Nos.)
2011-12
194
30
172
11
74
27
11
2012-13
167
35
135
13
74
45
17
2013-14
146
37
104
34
74
36
19
2014-15
170
39
127
10
81
19
10
Year
Electrical
Machine
Press
Welding
Heat
Treatment
KVA
Manufacturing
(Tons)
Repaired
(Nos.)
Tons
Tons
Tons
2011-12
229.5
82.9
1227
487
422
26.91
2012-13
264.1
151.28
1300
463
396
52.38
2013-14
230.0
143.95
1302
557
550
56.00
2014-15
196.1
143.23
1304
547
632
55.32
3.9
2014-15
2013-14
Capacity in M.cum.
189.86
193.75
Production in M.cum.
131.91
132.43
69.47
68.35
Year
Repaired Quantity
(Nos.)
2011-12
46
2012-13
64
4.0
2013-14
60
4.0.0 Performance
2014-15
42
Target
Linkage/
ACQ
Actual
78.00
78.76
73.69
2013-14
(in Mill
Tes)
Actual
%
Achievement
of Target
% mat.
of
linkage/
ACQ
%
Growth
over
previous
year
72.11
94.48
93.57
2.2
Te s t i n g a r r a n g e m e n t o f B H - 1 0 0
Transmission assembly was made at
27
2013-14
(in Mill Tes)
Growth
over
previous
year (%)
Linkage/
ACQ
Actual
Mat. of
linkage/
ACQ(%)
NTPC
45.25
42.90
94.80
41.53
(+)3.30
UPRVUNL
13.62
12.32
90.45
12.81
(-)3.98
Total Power
Sector (Incl
CPP)
74.85
69.65
93.68
67.21
(+)3.63
Consumer
4.1
4.3
Sector/Mode
2014-15
2013-14
Sector-wise Offtake
Period
e-auction
scheme (Spot)
(Coal by Road)
April14 to March15
21.88
322.83
e-auction
scheme (Spot)
(Coal by Rail)
April14 to March15
5.14
53.36
e-auction
scheme (Spot)
(Reject by Road)
April14 to March15
1.39
3.17
28.41
379.36
Total
0.13
0.15
Others
3.91
4.75
73.69
72.11
Rail
25.18
25.74
MGR
35.63
35.08
Road (External)
9.26
7.29
Road (Internal)*
3.62
4.00
73.69
72.11
Total
*
4.4
Wagon Loading
Cement
Mode-Wise Offtake
Financial gain
above notified
price (approx.)
(Rs. in crore)
67.21
Total
Quantity
Booked
(in lakh
tes.)
69.65
2014-15(Box/Day)
Target
Actual
1357
1190
4.5
2013-14
(Box/
day)
Actual
%
Achievement
of Target
Variance
from last
year (%)
1227
87.70
(-) 3
QUALITY CONTROL
Year
Oversized
Coal
Poor
Quality
Foreign
Materials
Total
2012-13
40
33
73
2013-14
32
14
46
2014-15
17
04
21
5.3
6.0
5.1
Sizing of Coal
2014-15
(in %age)
2013-14
in %age)
87.77
84.05
Through Dozer
12.23
15.95
100
100
Total
5.2
Weighment of coal
STOCK OF COAL
Sl.
No.
(ii)
As on
31.3.2015
Description
Value of Inventory
(Rs. in crores).
Inventory in terms of
months consumption.
346.89 Crores
2.63 Months
As on
31.3.2014
Disposal of Scrap
2013-2014
2.
No. of fatalities
3.
13
14
4.
13
14
5.
0.055
0.117
6.
0.301
0.569
7.
0.246
0.477
8.
0.179
0.204
9.
0.977
0.996
10.
0.800
0.835
11.
0.015
0.032
12.
0.050
0.055
7.1
2014-2015
1.
452.13 Crores
3.4 months
Particulars
6.2.3 In the year 2014-15 the Burnt oil disposedoff was 1038 KL in comparison to previous
years Burnt oil of 1851.70 KL.
7.0 SAFETY
Measurement of corridors of
dragline OB dumps(Dragline
sitting level and coal roof of
Turra seam level) by Area & HQ
Team.
(ii)
7.2
8.0
8.1
Completed Projects:
(i)
Name of the
Project
Capacity
(Mtpa)
Sanctioned
Capital
(Crs.)
Sch.
dt. of
Completion
Actual
date
of
Completion
MINING
1
Bina
4.50
168.64
3/87
3/88
Jayant
10.00
375.04
3/91
3/90
Amlohri
4.00
527.11
3/93
3/93
Kakri
2.50
137.80
3/91
3/93
Dudhichua
Phase-I (Merged
with DCH Expansion 10Mtpa)
5.00
289.68
3/93
3/93
Jhingurdah
3.00
63.11
3/87
3/87
Gorbi (Closed)
1.00
7.70
3/76
3/76
Gorbi-B (Closed)
0.60
19.18
3/90
3/90
Gorbi Expn
(Merged with Gorbi) - Closed
1.50
19.26
3/89
3/89
10
Nigahi Phase-I
(Merged with
Nigahi Phase-II
10Mtpa)
4.20
648.04
3/95
3/95
11
Khadia
4.00
588.75
3/94
3/97
12
Dudhichua Expn
OC (RCE)
10.00
1281.39 #
3/04
3/04
13
Nigahi Expansion
OC
10.00
1846.49 #
3/04
3/04
14
Kakri Coal
Aug. Scheme
OC
0.50
48.79
3/04
3/06
15
Bina Extension
6.00
168.97
12/13
12/13
S.N.
Jayant OBR
Scheme
41.26
3/96
3/96
Jhingurdah OBR
Scheme
42.98
3/96
3/96
Bina OBR
Scheme
48.28
3/01
3/00
Capacity
(Mtpa)
Sanction
Capital
(Crs.)
Sch. dt.
of
Completion
Act. dt. of
Completion
MINING
1
Krishnashila
OCP
4.00
741.62
3/2013
3/2016
Amlohri OCP
(4 to 10
Mtpa)
6.00
1143.54
3/2016
3/2016
Block-B OCP
3.50
535.10
3/2015
3/2016
5.00
259.40
3/2012
3/2016
Khadia
Expansion(4
to 10 Mtpa)
6.00
1131.28
3/2018
3/2018
8.3.
Name of the
Project
NON-MINING
1
Central Workshop
68.72
03/02
3/02
Integrated Water
Supply Scheme
18.87
3/89
3/89
Nehru Shatabdi
Chikitsalaya
19.91
4/97
8/02
Communication
Scheme
5.04
4/96
3/96
Water Supply
Scheme PhaseI&II
9.28
4/99
06/98
&
04/99
Bina Deshaling
Plant
16.69
8/97
08/97
132 KV SS
Madhauli(RCE)
5.43
03/01
03/01
32
8.4
Actual
3.
Non-CIL
CMPDI
0.00
24123.00
MECL
21048.00
18714.00
Sl.
No.
Target
CIL
8.5
2014-15
2015-16
Actual
Target
(Proposed)
CIL
Non-CIL
Total
27500.00
10220.00
15117.00
25337.00
27500.00
52000.00
26660.00
19843.00
46503.00
50000.00
Remarks
Amlohri -I
97.80
M/s BGR
01.03.2011
Mining &
Infra Pvt.
Ltd., Nellore
(AP).
29.02.2016
Work
completed on
02.04.2015
Block-B 64.43
31.05.2015
Dudhichua
3.25
02.03.2014
Work
completed on
02.02.2015
59.36
Krishnashila
20.01.2018
Jhingur- 19.41
da
M/s
21.07.2013
AMR-Saisudhir (JV),
Hyderabad
20.07.2016
Khadia
02.06.2018
Amlohri 100.00
-II
13.07.2018
49.00
59.2806,
7.26 (RH)
Kakri
New
12.91
26.10.2016
Khadia
New
22.30
M/s BGR
04.08.2014
Mining &
Infra Pvt.
Ltd., Nellore
(AP).
03.08.2017
M/s GSCO
Infrastructure Pvt.
Ltd.
16.11.2014
15.11.2019
10
Bina
105.6
11
Jayant
East
26.62
M/s Gajraj
Mining
Pvt. Ltd.
17.11.2014
16.11.2017
12
Nigahi
54.00
M/s
Saumya
Mining
Ltd.
20.02.2011
19.02.2014
Work completed on
30.09.2014
13
Nigahi
New
75.00
M/s BGR
Mining &
Infra Pvt.
Ltd.
18.11.2014
17.11.2017
14
Dudhichua
West
27.85
3.3
M/s Gajraj
Mining
Pvt. Ltd.
08.12.2014
24.01.2018
15
Dudhichua
East
68.07
M/s BGR
Mining
& Infra
Pvt. Ltd.,
Nellore
(AP).
14.02..2015 13.02.2018
16
Jayant
West
81.97
4.67
M/s VPR
Mining
Infrastructure Pvt.
Ltd.
01.12.2014
12.08.2019
17
Amlohri
-III
15.00
M/s Dholu
Constructions &
Projects
Ltd.
09.03.2015
08.03.2018
34
9.3.1 F o r e s t / E c o l o g i c a l M i t i g a t i v e
Measures :
(ii)
Silt Arrestor :
9.6
10.0.1 I n te g r a te d Ma n a g e m e n t S y s t e m
certificates :
9.5
Environment Clearances
(Fig. in Nos.)
Sl.No.
Particulars
As on
31.3.2015
As on
31.3.2014
Executives
1795
1771
Supervisors
1518
1667
Clerical Staff
1097
1057
Highly Skilled/Skilled
8569
8235
Semi Skilled/Unskilled
3247
4011
16226
16741
Total
Sl.
No.
Particulars
i)
ii)
2014-15
2013-14
19205
18198
2845
2576
766
2169
132
170
3743
4915
TOTAL
iii)
Development
50
125
120
190
170
315
a) General Management
Programme
06
NIL
b) Techno-managerial courses
00
NIL
06
NIL
b) Techno-managerial courses
TOTAL
iv)
TOTAL
39
Recruitment :
The Presidential Directives in the
matter of recruitment of Scheduled
Castes (SCs), Scheduled Tribes (STs)
and Other Backward Classes (OBCs)
have been implemented in NCL.
(ii) Promotion :
A total of 216 candidates belonging
to SC community and 112 candidates
belonging to ST community were
promoted during 2014.
As on
Sl.
No.
1.
SC Candidates
Number in %
2.
ST Candidates
Number in %
31.03.2015
16226
3122
19.24%
1229
7.57%
31.03.2014
16741
2669
15.94%
1269
7.58%
Particulars
2014-15
2013-14
a) Complete
b) Partial
b) Dharna/Demonstration
c) Assault
NIL
NIL
d) Rowdism
NIL
NIL
e) Gherao
NIL
f) Obstruction
NIL
NIL
NIL
10075
1478
No. of Strikes -
3.
Man-days Lost
4.
241000
7000
O.B. (Cu.M.)
46600
11000
41
Diet
Counseling
2013
5892
1088
2014
8969
1590
2013-14
2014-15
1,41,850
1,37,603
50,892
45,301
TOTAL
1,92,742
1,82,904
Entitled
5,749
6,152
Non-entitled
9,566
9,136
TOTAL
15,315
15,288
Entitled
NA
39,611
Non-entitled
NA
7399
TOTAL
45,834
47,010
Entitled
NA
835
Non-entitled
NA
557
TOTAL
1,132
1,392
Entitled
NA
80,191
Non-entitled
NA
113
TOTAL
68,612
80,304
Entitled
NA
505
Non-entitled
NA
38
TOTAL
632
543
Entitled
NA
3,38,261
Non-entitled
NA
4,087
3,58,871
3,42,348
6,66,059
6,52,566
17,079
17,223
Entitled
OPD CASES
NEHRU
SHATABDI
CHIKITSALAYA
INDOOR
ADMISSIONS
OPD CASES
CENTRAL
HOSPITAL
SINGRAULI
INDOOR
ADMISSION
OPD CASES
BINA HOSPITAL
INDOOR
ADMISSION
OTHER
DISPENSARIES
Non-entitled
OPD CASES
TOTAL
GRAND TOTAL Of OPD CASES (all NCL)
GRAND TOTAL OF INDOOR ADMISSIONS (all NCL)
2014-15
2013-14
2014-15
Gen.
Surgery(NSC)
644
568
Gen. Surgery
(NSC & CH)
326
315
Orthopedics
(NSC)
28
50
Orthopedics
(NSC)
15
61
456
383
50
37
Gynae. &
Obstetrics(NSC)
1493
1447
Gynae. &
Obstetrics
(NSC & CH)
53
104
TOTAL
2621
2448
TOTAL
444
517
2014-15
DIALYSIS UNIT
Indoor
2014-15
Haemodialysis
Enrollment
-35
Enrollment
-30
Echocardiography with
Color Doppler
718
1535
CAPD
Enrollment
-15
Enrollment
-17
TMT
422
369
HOLTERS
52
43
* CT
Scan
1120
1248
Laparoscopic
Surgeries
183
103
* MRI
480
315
2697
2110+19
10231+1179
10470+1661
Endoscopy
280
354
2082/1995
1896/1971
Entitled
Non-entitled
Entitled
Non-entitled
2013-14
73.6
26.4
37.5
62.5
USG
(NSC +
CH)
2014-15
75.2
24.8
40.2
59.8
42
2013-14
RADIOLOGY
MINOR SURGERIES
Total No.
of visits
Total No. of
Beneficiaries
CSR - No. of
Beneficiaries
at regular OPD
by project
CSR - No. of
Beneficiaries
in camps by
project
2013-14
71
3271
11952
3369
2014-15
49
2235
13927
3268
Cardiac
Diabetic
Cancer Detection
camp
Hypertension Detection camp
Pediatric Health
camp
Kidney Disease
camp
Senior citizen
Health Check-up
Urology
Lifestyle Disease
Modification
Multidisciplinary
Rural Health
Deafness Reduction
No of
Camp
1
2
Beneficiaries
190
320
Expenditure
1,05,480
83,280
358
1,94,191
528
96,428
733
1,48,285
58
74,550
50
56,070
123 (operated=19)
1,08,403.20
100
1,51,585
1214
2,57,451
Laparoscopy
Eye
Plastic Surgery
Family Planning
12
126 (operated=09)
27 (operated=12)
325(operated=325)
72 (operated=23)
73 (operated=20)
398 (operated=361)
204
99,399
311
1,98,300
49 visits
2235
2,54,365
Total
NSC
Others
Total
12
135
402
100
502
2014-15
2100
21
2121
134
19
153
346
351
2013-14
2014-15
Total Beneficiaries
507
909
38
49
3984
2840
11
ICTC
Total Beneficiaries
Total Positive Cases
3,27,607
2,49,680
Others
123
2,10,341.41
828
NSC
2228
95,000
Total
14
4,16,338
1,04,836
Others
2214
1,60,897.53
53
NSC
2013-14
1,11,613
Tubectomy
IUSD
13.12 S h r i P r a d e e p K u m a r D u b e y, S r.
Manager(Personnel), BlockB Project
and Shri Manoj Kumar Singh, Sr. Manager
(IE) participated in the 3 days Third Akhil
Bhartiya Rajbhasa Sammelan organied
at Puri (Orrisa) by Viswamukt and KIIT
Univesity, Bhuwaneshwar from 14 16
November, 2014.
13.13 T h e m e e t i n g o f To w n R a j b h a s a
Implementation Committee, chaired by
Shri Tapas Kumar Nag, Chairman-cumManaging Director, NCL was held on
21.11.2014 and appropriate action on the
minutes of meeting circulated in Hindi was
taken.
Sri M A Siddiqui,
Chief Manager
(MM), NCL
Headquarters
Sr.EP Electrician
Amlori Project
Sri S N S Yadav,
Senior Manager
(Excavation)
Jhingurda project
Sri A N Tripati,
has been appreciated for exemplary
Senior Mechanic work done in repairing of Transmission
Jhingurda project of a Wheel Dozer by using parts from
old and failed Transmission at Jhingurda
Project resulting in substantial savings
for NCL.
Sri Brajesh
has been appreciated for exemplary
Sardar, Fitter,
work done in repairing of Transmission
Jhingurda project of a Wheel Dozer by using parts from
old and failed Transmission at Jhingurda
Project resulting in substantial savings
for NCL.
Sri S K Mallick,
Chief Manager
(Excavation)
Jhingurda project
Sri Dadulal
Singh, Foreman
in-charge
Jhingurda project
Sri Surendra
Singh, Sr.
Mechanic
Jhingurda project
10
Sri S K Singh,
has been appreciated for exemplary
Sr. Electrican
work done in converting the surveyed
Jhingurda project off 85 T Dumpers into Water Sprinkler
with water
2.
3. S h r i
G . P. S i n g h ,
Sr,Manager(Legal), for Dealing
the matter relating to lease
rent in systematic manner
with legal proficiency leading
to substantial reduction in
payment of lease rent to the
authorities.
4. Shri S.K.Meshram, Chief
Manager(E&T)/HOD with his
team for Implementation of
GPS based vehicle tracking &
RFID weighbridge integration
system in NCL.
(b) Appreciation Certificate
48
12
13
14
15
16
(c)
1.
2.
Sri Dinesh
has been appreciated for exemplary
Baiswar, Fitter
work done in converting the surveyed
Jhingurda project off 85 T Dumpers into Water Sprinkler
with water pressure unit to utilize the
same as a Fire tender also using
departmental resources at Jhingurdha
Project resulting in substantial savings
for NCL.
Sri Suresh Ekka, has been appreciated for exemplary
Fitter Jhingurda work done in converting the surveyed
project
off 85 T Dumpers into Water Sprinkler
with
water pressure unit to utilize the same
as a Fire tender also using departmental
resources at Jhingurdha Project
resulting in substantial savings for NCL.
Sri R P Patel,
has been appreciated for exemplary
Welder Jhingurda work done in converting the surveyed
project
off 85 T Dumpers into Water Sprinkler
with water pressure unit to utilize the
same as a Fire tender also using
departmentalresources at Jhingurdha
Project resulting in substantial savings
for NCL.
Sri A K Mishra,
has been appreciated for exemplary
EPH Jhingurda
work done in converting the surveyed
project
off 85 T Dumpers into Water Sprinkler
with water pressure unit to utilize the
same as a Fire tender also using
departmentalresources at Jhingurdha
Project. resulting in substantial savings
for NCL.
Sri R K Singh, Sr. has been appreciated for exemplary
Manager(Civil),
work done by him in using Information
NCL
Technology and innovative ideas to
Headquarters.
increase number of tender finalization
and award of work at Civil Department,
NCL Headquarters.
Ms. Shewata
has been appreciated for exemplary
Bansal, Assistant work done by her in using Information
Manager
Technology and innovative ideas to
(Civil), NCL
increase number of tender finalization
Headquarters.
and award of work at Civil Department,
NCL Headquarters.
13.
Vigilance Awareness
programme: Topics
a) New Company Act by
ASCI, Hyderabad
31.10.15
50
14.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Block B,
27.10.15
45
15.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Jhingurda
27.10.15
55
16.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Amlohri
28.10.15
65
17.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Nigahi
28.10.15
76
18.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Jayant
29.10.15
95
19.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Dudhichua
29.10.15
83
20.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Kakri
30.10.15
66
21.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Bina
30.10.15
71
22.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Krishnashila
31.10.15
48
23.
Vigilance Awareness
programme: Topics
Common irregularities &
Compliance of departmental
Enquiries- its pros & cons,
Khadia
31.10.15
74
--
1486
SI.
No
Name of Programme
Date
No of
participants
01.
Management Development
programme
21.04.14
24
02.
Management Development
programme
26.04.14
24
03.
Vigilance Awareness
programme
28.04.14
28
04.
Management Development
programme
28.04.14
26
05.
03.05.15
100
06.
Management Development
programme
31.05.14
26
07.
Vigilance Awareness
programme
30.06.14
25
08.
Vigilance Awareness
programme
30.07.14
49
09.
Lecture on Criminal
misconduct and abuse of
official capacity
27.10.14
250
Vigilance awareness
programme: Topics
a) E- procurement of
services,
b) Legal issued involved in
Environment & Forestry,
c) System improvements
done in repair and
maintenance contracts
and its synchronization
with IBS.
28.10.15
11.
Vigilance Awareness
programme: Topics
a) Standing orders &
Disciplinary proceedings,
b) GPS & RFID
29.10.15
65
12.
Vigilance Awareness
Programme: Topics,
a) Common irregularities in
contracts/public
procurement and
guidelines for
improvement
b) Integrity Pact.
c) Prevention of Corruption
Act
30.10.15
74
10.
67
Total
53
: 04
27
Penalty imposed
11
Nil
Nil
02
Nil
Nil
09
12
Nil
Minor
Major Dismissal/ Reduction Reduction Postponement/ Withholding Censure Others
No
Penalty Penalty Removal to lower to lower withholding of
of
(caution, Action
Procee- Proceerank stage in pay increment promotion
Warning (exoneration)
dings
dings
etc.)
(under (under
Rule 31) Rule 29)
Chargesheets
issued
: 09
: 09
: 14
54
O p e r a t o r I n d e p e n d e n t Tr u c k
Despatch System (OITDS) is
functional at Amlohri and Khadia
Projects. Implementation of OITDS at
Dudhichua and Nihgahi Projects are
in final stage of completion.
B i o m e t r i c B a s e d A t t e n d a n c e
Recording System at NCL HQ
Name
of the
Audit
Firm
Reimbursement of
Service
Tax
M/s.
Main
Rs.4,92,188.00 At actual subject At actual.
Prakash & Auditor
to the limit of
Rs.1,57,500.00
Santosh,
Chartered
Accountants,
Kanpur
(U.P.).
M/s.
Branch Rs.1,80,469.00 At actual subject -doB.C.P.
Auditor
to the limit of
Jain &
Rs.57,750.00
Co., Chartered Accountants,
Bhopal
(M.P.).
M/s.
Branch Rs.1,80,469.00 At actual subject -doS.K.Lulla Auditor
to the limit of
& Co.,
Rs.57,750.00
Chartered
Accountants,
Gwalior
(M.P.).
Status
Audit Fee
Recommended
TA & Out
of pocket
expenses
20.3 The Cost Auditor Report for the year 201314 has been filed under XBRL mode within
due date of filing. The Cost Audit Report
for the year 2014-15 is in process of
finalization and will be filed as per schedule
date of filing.
21.0 AUDITORS
21.1 The Statutory and Branch Auditors
appointed by the Comptroller and Auditor
General (CAG) of India for the year 201415 vide letter No.CA.V/COY/CENTRAL
GOVT. NCFL (3)/328 dated 1.8.2014
under section 139 of the Companies Act,
2013 along with remuneration as fixed by
the Board in exercise of powers conferred
by the Company in 17th Annual General
Meeting held on 23rd September, 2002,
pursuant to provisions of section 224(8) of
the Companies Act, 1956 (same provision
retained in Section 142 of the New
Companies Act, 2013) is given hereunder:
57
58
Name of Directors
Shri T.K.Nag, CMD
187
188
189
190
191
192
7.8.14 12..9.14 30.10.14 19.12.14 31.01.15 14.2.15
193
25.2.15
Ceased to be Director
Ceased to be Director
on 31/01/2015
P
NP
NP
NP
NP
Shri B.K.Saxena
NP
NP
NP
NP
Shri A.K.Gupta
PERMANENT INVITEES
Ceased to be permanent invitee
on 31.10.14
Shri N.N.Misra
NP
NP
NP
NP
NP
NP
NP
NP
NP
Shri C.P.Rai
NP
NP
NP
NP
NP
NP
NP
NP
NP
P = Present,
NP = Not Present
- Chairman
- Member
- Member
(v) C o m p l i a n c e w i t h l e g a l
requirements relating to
financial statements;
(ii) R e l a t e d f i n d i n g s a n d
recommendations of the
independent Auditor and
Internal Auditor, together with
the management responses.
(o) p r o v i d e a n o p e n a v e n u e o f
communication between the
independent Auditor, Internal Auditor
and the Board of Directors.
(ii)
(i)
63
64
65
66
67
68
69
70
24.05.14
22.07.14
07.08.14
12.09.14
30.10.14
19.12.14
31.01.15
14.02.15
25.02.15
D (P)
D(T/P&P)
Sri A.D.Mathur
D(T/O)
Sri A.K.Pandey
D(F)
Sri G. Pandey
D(T/O)
Name of Directors
Designation
Ceased to be Director
Ceased to be Director
P
NP
Director
NP
NP
NP
NP
NP
Sri B.K.Saxena
Director
NP
NP
NP
NP
Director
Sri S.J.Sibal
Director
NP
61
25.0 AWARDS
24.0 P E R F O R M A N C E A G A I N S T M O U
PARAMETERS
24.1 The Memorandum of Understanding
(MOU) between CMD, NCL and Chairman,
CIL for the year 2014-15 was signed on
25.3.2014 as per guidelines of Department
of Public Enterprises (DPE), Ministry of
Heavy Industries and Public Enterprises,
Government of India.
24.2 The performance of NCL during 2014-15
against MOU 2014-15 parameters has
been audited by Statutory Auditors of NCL.
Parameter-wise details of performance
26.0
27.0 ACKNOWLEDGEMENT
27.1 The Board of Directors place on record
their deep gratitude for the continued
support and valuable guidance received
from Ministry of Coal and Coal India
Ltd. The Directors also acknowledge
with thanks the co-operation and help
extended by different wings of Govt. of
India particularly Ministry of Environment
& Forest and Ministry of Finance, as well
as from Planning Commission, Director
General of Mines Safety, Comptroller
& Auditor General of India, Chairman
and Members of Audit Board, Statutory
Auditors, Registrar of Companies, State
Governments of MP and UP and Local
Administrative Authorities.
Annual Report on CSR Activities for the Financial Year 201415 as per Clause (O) of Sub-section (3) of section 134 of the
Companies Act 2013
1.0
1.1
1.2
1.3
1.4
1.5
1.6
2.1
2.2
i.
v.
iii.
iv.
Sports/Art & Culture (KHEL TARANG) NCL has contributed for the promotion of
Sports/Art & culture with an expenditure
of Rs. 0.15 Crores.
a.
b.
c.
: Member
d.
: Member
: Chairman
Financial Year
67
2011-12
4265.67
2012-13
4420.58
2013-14
3355.71
4013.99
6.3
6.4
T.K.Nag
CMD, NCL
S.J.Sibal
Chairman, SD&CSR committee
Dated:26/06/2015
Place. Singrauli.
68
Shantilata Sahu
Director(P),NCL
CSR Activity
Sector in which
project is covered
Project
Amount
Outlay
in Rs.
(in Rs
lakhs)
Expenditure in
Rs.
(in
Rs
lakhs)
Cumulative
expenditure
(in
Rs
lakhs)
Implementing
Agency
Infrastructure
Amlori
68.9
68.9
68.9
Madhya Pradesh
Electricity board
Water Supply
Amlori
72
24.29
24.29
Roads
Amlori
45
22.59
22.59
M/s Shivshankar
Electricals and Civil
Engg.
Roads
Amlori
40
30.04
30.04
Bina
1.8
2.57
Bina Project
Infrastructure
Bina
20
21.55
21.55
Infrastructure
Bina
75
76.55
76.55
Roads
Bina
75
51.05
51.05
Bina
1.5
1.48
1.48
Bina Project
10
Healthcare
Bina
11
Healthcare
Bina
1.98
1.98
12
Water Supply
Bina
4.17
4.17
13
Roads
Bina
10
18.50
18.5
M/s Rabindra
Construction
14
Water Supply
Block B
32
26.3
26.30
15
Education
Block B
12.5
17.99
17.99
16
Block B
1.5
1.5
1.50
Block-B
17
Block B
1.5
1.5
1.5
Block B project
18
Water Supply
Block B
21.56
13.68
13.68
M/s Priyanka
Enterprises
19
Water Supply
Block B
1.73
1.73
20
Roads
Block B
70
13.24
13.24
69
Dudhichua
1.1
1.1
1.10
Supply by Asstt.
Director Fisheris,
Pondi (Maihar) M.P &
dropped by CSR Team
Dudhichua
22
Roads
Dudhichua
300
157.68
260.65
M/s Samay
Enterprises
23
Infrastructure
Dudhichua
10
0.72
12.19
M/s Shivshankar
Electricals and Civil
Engg.
24
Water Supply
Dudhichua
74.35
22.16
22.16
25
Water Supply
Dudhichua
10
6.58
6.58
26
Roads
Dudhichua
60
28
28
M/s Shivshankar
Electricals and Civil
Engg.
27
Dudhichua
Dudhichua Project
28
Dudhichua
0.43
0.43
Dudhichua Project
29
Dudhichua
3.18
3.13
3.13
30
Infrastructure
Headquarter
32
30.01
30.01
31
Headquarter
4.98
4.98
32
Healthcare
Headquarter
35
2.35
2.35
Singrauli Cloth
House(Committee
Purchase)
33
Roads
Headquarter
450
225.14
423.74
34
Roads
Headquarter
110
75.32
85.71
35
Roads
Headquarter
1000
1450.58
1529.2
M/s V.C.Jaiswal
36
Infrastructure
Headquarter
20
13.79
13.79
37
Water Supply
Headquarter
15
1.9
16.90
38
Education
Headquarter
40
28.46
53.45
M/s IP Associates
(open tender)
39
Infrastructure
Headquarter
90
84.55
104.46
40
Education
Headquarter
35
36.74
36.74
41
Roads
Headquarter
350
284.57
284.57
42
Roads
Headquarter
185
210.63
210.63
70
Headquarter
40
19.8
39.80
District Administration
Singrauli
44
Installation of handpumps
Water Supply
Headquarter
150
100.64
161.39
45
Infrastructure
Headquarter
20
26.86
26.86
46
Headquarter
2.5
2.45
2.45
NCL HQ
47
Healthcare
Headquarter
2.1
2.1
2.10
SGPGI Lucknow
Treatment/operation to
be done last weak of
Dec14
48
Headquarter
3.00
NCL HQ
49
Healthcare
Headquarter
15.92
14.52
14.52
50
Headquarter
125
87.5
100
District Administration
Singrauli
51
Headquarter
1.92
1.92
M/s Gajendra
Enterprises
52
Education
Headquarter
7.15
7.15
M/s D.K.Singh
Enterprises
53
Education
Headquarter
1393.72
1393.72
1393.72
NCL HQ
54
Headquarter
15
0.85
0.85
NCL HQ
55
Infrastructure
Headquarter
1.27
1.27
56
Healthcare
Jayant
3.5
2.29
2.29
57
Infrastructure
Jayant
4.69
9.66
58
Roads
Jayant
2.84
4.92
59
Infrastructure
Jayant
10
10
10
60
Roads
Jayant
20
6.48
17.28
61
Water Supply
Jayant
40
14.34
14.34
62
Education
Jayant
1.5
1.5
Jayant project
63
Installation of RO plant
Water Supply
Jayant
76.4
18.4
18.4
District Administration
Singrauli
64
Infrastructure
Jayant
40
23.66
23.66
65
Jhingurda
11.85
8.83
11.27
Through VOICE of
PEOPLE, Rewa
66
Jhingurda
0.72
0.72
Through Mahila
Mandal, Jhingurda
67
Roads
Jhingurda
158.66
177.01
177.01
68
Roads
Jhingurda
81.11
87.51
87.51
M/s Shivshankar
Electrical work
69
Water Supply
Jhingurda
38
18.78
18.78
71
Jhingurda
1.03
1.03
Jhingurda Project
Infrastructure
Jhingurda
10
5.28
5.28
M/s IP Associates
Infrastructure
Kakri
3.5
2.5
2.5
Kakri
2.05
2.05
Roads
Kakri
56
17.1
49.90
Water Supply
Kakri
35
16.5
29.64
Kakri
0.44
0.44
Water Supply
Kakri
15
12.43
12.43
Infrastructure
Kakri
25
20.49
20.49
Infrastructure
Kakri
6.5
7.65
8.4
Roads
Khadia
35
28.52
28.52
Roads
Khadia
60
50.28
50.28
M/s Ranapratap
Water Supply
Khadia
32
26.88
26.88
Water Supply
Krishnashila
138.16
32.52
32.52
Roads
Nigahi
450
696.58
696.58
Nigahi
3.5
1.8
1.80
Nigahi Project
Education
Nigahi
50
40.19
40.19
Infrastructure
Nigahi
45
34.16
34.16
M/s Om Construction
Roads
Nigahi
30
21.6
21.6
M/s Dhirendra
Construction
89
Water Supply
Nigahi
14
7.9
7.9
90
Roads
Nigahi
40
15.86
31.86
91
Infrastructure
NSC
35
1.06
30.7
92
93
Infrastructure
Healthcare
NSC
NSC
2
46.5
1.86
23.43
1.86
23.43
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
6804.01
6176.6
6845.19
Infrastructure
Headquarter
4014
4014
4014
M/s Hindustan Prefab
Construction of toilets in schools under
Ltd.
Swacch Vidyalaya Abhiyan
Note :NCL has released Rs. 40.14 crores to Hindustan Prefab Limited (HPL) (after signing of MoU on 13.01.2015) as first installment for construction
of 5000 toilets under Swachh Vidyalaya Abhiyan
TOTAL
***
72
CONSERVATION OF ENERGY
1.0
a)
Electrical Energy.
i)
NCL has earned a bonus of Rs.3.24 crore both from MPSEB and UPPCL points of supply
put together towards power factor and load factor rebate during the year 2014-15. NCL
has also earned TOD rebate of Rs.3.78 Crore.
b)
1.
Compact Fluorescent lamps and other energy efficient lamps have been installed at
Hqrs., BlockB, Jhingurda, Kakri, Bina, Khadia, CWS, Nigahi and Amlohri Projects
of NCL.
2.
Time switches have been installed for streetlights in CHP, Mines and residential
Areas at Block B, Jhingurda, Bina, CWS, Dudhichua, Nigahi and Amlohri projects
3.
Energy saver, enery meter and PF meters have been installed at BlockB and
Dudhichua Projects.
4.
Solar water heater and solar panel for solar light system have been installed at
Officers club/VIP Guest house of Jayant project and Solar Light System has sbeen
installed at Khadia and Bina Project.
2.0
a)
b)
Use of energy efficient lamp (SLV) for street and flood lighting and use of CFL
c)
Installation of energy meter, demand controller, energy saver and P.F. Meter in mines
and township
d)
Time switch for streetlights in CHP, Mines and Residential areas and others
e)
Total
73
NCL has earned Rs.7.02 crores from MPSEB & UPSEB points supply put together towards
rebate on power factor, load factor and TOD during year 2014-15.
(c)
Impact of measures taken at (a) and (b) for reduction of energy consumption and
consequent impact on the cost of production of goods.
SL
No.
Description
2014-15
% increase/
decrease
A.
Electrical Energy :
(i)
5.14
5.30
(-) 3.01
(ii)
2.77
2.70
(+) 2.59
B.
(i)
Consumption of HSD per Cu.m. of composite production excluding dragline production (Ltr/cu.m.)
1.10
1.14
(-) 3.51
(ii)
0.038
0.039
(-)2.56
(B)
(C)
(i)
2013-14
(ii)
(Rs. in Crores)
Current Year
(A)
(B)
i)
Previous Year
NIL
NIL
NIL
NIL
92.26
126.80
(a)
Raw materials
(b)
(c)
Capital Goods
NIL
1.83
ii)
NIL
322.72
iii)
NIL
355.19
iv)
Travelling Expenses
0.01
0.08
v)
NIL
8.33
92.27
814.95
Total
74
F O R M B
a.
b.
c.
d.
a.
b.
c.
d.
Nil
Expenditure on R&D:
(a) Capital
(b) Recurring
(c) Total
(d) Total R&D expenditure as
percentage of total turnover
NIL
75
The Companies Act, 2013 (the Act) and the rules made thereunder;
(ii)
The Securities Contracts (Regulation) Act, 1956 (SCRA) and the rules made thereunder; NOT
APPLICABLE
(iii)
The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder; NOT
APPLICABLE.
(iv)
Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to
the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial
Borrowings; NOT APPLICABLE.
(v)
The following Regulations and Guidelines prescribed under the Securities and Exchange Board
of India Act, 1992 (SEBI Act):(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011; NOT APPLICABLE.
(b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations,
1992;
76
As informed by the Management other applicable Laws have been complied (Mention the other
laws as may be applicable specifically to the company).
I have also examined compliance with the applicable clauses of the following:
(i) Secretarial Standards issued by The Institute of Company Secretaries of India.
(ii) The Listing Agreements entered into by the Company with Stock Exchange(s), if
applicable; NOT APPLICABLE.
During the period under review the Company has complied with the provisions of the Act, Rules,
Regulations, Guidelines, Standards, etc. mentioned above subject to the following observations:
One of the Director of the Company Shri Niranjan Das, Director(Technical) was ceased to be the
Director of the Company with effect from 2nd October 2013 vide Ministry of Coal , Government of India
Letter No. 21/3/2009-ASO dated 3rd November, 2014 and Coal India Limited order No. CIL/C5A(ii)/N.
Das/D(T),NCL/B-380 dated 4th November 2014.
I further report that
The Board of Directors of the Company is duly constituted with proper balance of Executive Directors,
Non-Executive Directors and Independent Directors. The changes in the composition of the Board
of Directors that took place during the period under review were carried out in compliance with the
provisions of the Act.
Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes
on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining
further information and clarifications on the agenda items before the meeting and for meaningful
participation at the meeting.
Majority decision is carried through while the dissenting members views are captured and recorded
as part of the minutes.
I further report that there are adequate systems and processes in the company commensurate with
the size and operations of the company to monitor and ensure compliance with applicable laws, rules,
regulations and guidelines.
77
Place : SINGRAULI
Date : 29th April, 2015
Signature:
Name of Company Secretary in practice
KRUPESH MANKODI
FCS No.5773, C P No.: 4870
78
1.
CIN
U10102MP1985GOI003160
2.
Registration Date
3.
4.
Private Company (A subsidiary Company of Coal India Limited) Company within the meaning of Section 2(87) of the Companies Act, 2013.
5.
Northern Coalfields Limited, Singrauli Colliery, PO. Singrauli, Dist. Singrauli (MP) 486 889
6.
NO
7.
II.
[All the business activities contributing 10 % or more of the total turnover of the company shall be stated]
S.
No.
1.
100.0
CIN/GLN
L23109WB1973GOI028844
79
Holding/Subsidiary/
% of Share Held Application Section
Associate
Holding
100.00
Sanction 2(46) of
Companies Act
2013
Demat
Demat
Physical
Total
% of Total
Shares
Physical
Total
% of Total
Shares
% change
during the
year
A. Promoters
(1) Indian:
a) Individual/HUF
0.00
0.00
0.00
b) Central Govt.
0.00
0.00
0.00
c) State Govt.(s)
0.00
0.00
0.00
d) Bodies Corp.
1776725
1776725
100.00
1776725
1776725
100.00
0.00
e) Banks/ FI
0.00
0.00
0.00
f) Any other
0.00
0.00
0.00
Sub-Total(A)(1):
1776728
1776728
100.00
1776728
1776728
100.00
0.00
a)NRIs-Individuals
0.00
0.00
0.00
B) Other- Individuals
0.00
0.00
0.00
c)Bodies Corp.
0.00
0.00
0.00
d) Banks/FI.
0.00
0.00
0.00
e) Any other
0.00
0.00
0.00
Sub Total(A)(2):
0.00
0.00
0.00
1776728
1776728
100.00
1776728
1776728
100.00
0.00
1776728
1776728
100.00
1776728
1776728
100.00
0.00
a) Mutual Funds
0.00
0.00
0.00
b) Banks/ FI
0.00
0.00
0.00
c) Central Govt.
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
f) Insurance Companies
0.00
0.00
0.00
g) FIIs
0.00
0.00
0.00
0.00
0.00
0.00
i) Others
0.00
0.00
0.00
Sub-total(B)(1):-
0.00
0.00
0.00
i) Indian
0.00
0.00
0.00
ii) Overseas
0.00
0.00
0.00
(2) Foreign:
B. Public Shareholding
(1) Institutions
(2) Non-Institutions
a) Bodies Corporate:
b) Individuals:
80
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Foreign Nationals
0.00
0.00
0.00
Clearing Members
0.00
0.00
0.00
Trusts
0.00
0.00
0.00
Foreign Bodies- D R
0.00
0.00
0.00
Sub-total(B)(2):-
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1776728
1776728
100.00
1776728
1776728
100.00
0.00
c) Others (specify):
Shareholders
Name
1.
Coal India
Limited
% of total
Shares of the
company
1776728
% of Shares
Pledged/
encumbered to
total shares
100
% of total
Shares of
the company
1776728
% of Shares
Pledged/encumbered to total
shares
% change in
shareholding
during the year
% change in
shareholding
during the year
100
nil
Particular
No. of shares
1.
2.
Datewise Increase/Decrease in Promoters Shareholding during the year specifying the reason for increase/decrease (e.g.
allotment/transfer/bonus/sweat equity
etc);
3.
1776728
% of total shares of
the company
100
% of total shares of
the company
100
No Change
1776728
100
1776728
100
iv.) Shareholding pattern of top ten Shareholders: (Other than Directors, Promoters and Holders
of GDRs and ADRs):
S. No.
1.
81
1.
Datewise Increase/Decrease in
Promoters Shareholding during
the year specifying the reasons
for increase/decrease (e.g. allotment / transfer / bonus / sweat
equity etc.):
At the end of the year
No. of Shares
% of total Shares of
the company
No. of Shares
% of total Shares of
the company
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Transfer
01/01/2015
3.
2.
4.
82
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Datewise Increase/Decrease in
Promoters Shareholding during
the year specifying the reasons
for increase/decrease (e.g. allotment / transfer / bonus / sweat
equity etc.):
At the end of the year
6.
7.
8.
9.
83
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Datewise Increase/Decrease in
Promoters Shareholding during
the year specifying the reasons
for increase/decrease (e.g. allotment / transfer / bonus / sweat
equity etc.):
At the end of the year
11.
vi)
Indebtedness
Indebtdedness of the Company including interest outstanding/accrued but not due for payment
Secured loans
excluding
deposits
Unsecured
Loans
Deposits
Total Indebtedness
i) Principal Amount
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Total (i+ii+iii)
Nil
Nil
Nil
Nil
Addition
Nil
Nil
Nil
Nil
Reduction
Nil
Nil
Nil
Nil
Net Change
Nil
Nil
Nil
Nil
i) Principal Amount
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Total (i+ii+iii)
Nil
Nil
Nil
Nil
84
Particular of Remuneration
(in Rupees)
Name of MD/WTD/Manager
Total
Amount
Shri. Tapas
Kumar Nag,
CMD, NCL
(Assumed
change
w.e.f.
30/09/2014.)
Ms. Shantilata
Sahu, Director
(Personnel)
Whole Year.
(Held Additional Charge of
CMD, NCL till
29/09/2014.)
Shri
Akhileshwar
Dayal Mathur, Director/
Technical(Operations) till
31/01/2015
Shri Gunadhar
Pandey, Director(Technical)
(Assumed Charge
w.e.f. 01/02/2015).
(Remuneration
paid at ECL)
1107043
2548203
1518675
1960439
372750
2400209
9907319
83028
99140
59729
99867
25896
147765
515425
2.
Stock Option
--
3.
Sweat Equity
4.
Commission
- as% of profit
- others, specify
5.
1190071
2647343
1578404
2060306
398646
2547974
10422744
1.
Gross salary
Total(A)
Particulars of Remuneration
Independent Directors
Fee for attending board committee meetings
Name of Directors
Shri Surinder Jit Sibal Shri Akshay Kumar Gupta
135000
150000
285000
315000
240000
555000
Total (1)
450000
390000
840000
Commission
Total (2)
450000
390000
840000
Commission
85
Particular of Remuneration
Total Amount
Shri Devendra
Kumar Sharma
(Assumed Charge
as Company
Secretary (Actg)
w.e.f. afternoon of
12/12/2014)
1962395
173833
2136228
127179
11537
138716
2.
Stock Option
3.
Sweat Option
4.
5.
2089574
185370
2274944
1.
Gross salary
Total
* No additional remuneration has been paid to act at the capacity of CFO, NCL.
viii.
Type
Brief Description
Details of penalty/
punishment/
compounding fees
imposed
A. COMPANY
Penalty
Punishment
None
Compounding
B. DIRECTORS:
Penalty
Punishment
None
Compounding
C. OTHER OFFICERS IN DEFAULT:
Penalty
Punishment
None
Compounding
86
Authority (RD/NCLT/
COURT)
Appeal made
if any (give
details)
Annexure - II
Sl. No.
Evaluation Criteria
Unit
Weight
(in %)
MoU Target
Excellent
Very
Good
Good
Fair
Poor
Actual
2014-15
Annual Report
& Accounts
Growth/Size/Activity
(a)
(b)
(ii)
20
Rs. Crs.
%age
Profitability
(a)
PAT/Net Worth
(b)
EBITDA/Net Block
(iii)
(iv)
(a)
10041.59
9882.57
9388.44
8919.02
8473.07
9452.58
2.87
0.29
Audited Annual
Accounts
10
35.62
34.40
34.40
31.05
29.49
31.97
3.43
0.34
Audited Annual
Accounts
24.93
23.87
22.68
21.54
20.47
36.31
1.00
0.05
Audited Annual
Accounts
186.67
178.79
169.85
161.36
153.29
161.59
3.97
0.28
Audited Annual
Accounts
427.82
421.05
400.00
380.00
361.00
375.15
4.26
0.43
Audited Annual
Accounts
44.87
45.45
47.72
50.11
52.61
21.87
1.00
0.08
Audited Annual
Accounts
12
%age
%age
10
10
%age
10
Liquidity/Leverage
Sub Total
50
1.464
1. Impact of Penalty imposed by Competition Commission of India for Rs. 1773.05 crores has not been considered in the Targets of 2014-15 BE since the same has been appealed
against by the company in the Competition Appellate Tribunal. Impact of the above penalty, if paid in 2014-15 will be excluded and accordingly the financial parameters (P&L a/c
and Balance Sheet) will be recasted at the time of evaluation of MoU 2014-15.
2. For the purpose of calculation of Average Collection Period of Trade Receivables, Gross Sales as appearing in P&L A/c in Audited Accounts (inclusive of Excise duty and all other
levies & taxes) and Average Trade Receivables as appearing in the Audited Accounts (net off provision for bad & doubtful debts) have been considered.
3. Accounting head considered for Computation of Gross Operating Margin has been given in Annexure-A and the same methodology will be considered at the time of evaluation.
4. Impact of MMDR bill if becomes an act and implemented, its impact will be excluded.
2
Dynamic Parameters
(i)
Corporate Social
Responsibility &
Sustainability
(a)
No. of
works
(b)
Skill Development
Programme for Villagers/
PAPs/ Economically
Weaker Section of
Society/Women through
External Agencies
Nos. of
persons
(c)
Construction of Rain
Water Harvesting
Facilities
No. of
works
0.0100
CSR Records
300
250
200
150
100
471
0.0100
-do-
0.0100
-do-
87
Research &
Development
15 Feb15
15
Mar15
31
Mar15
12 Feb
15
0.0100
Study Report
Date
(b)
Development of in-line
cylinder block boring
machine for Engines at
CWS, Jayant
0.25
Feb15
Mar15
15 Feb
15
0.0025
Study Report
(c)
Software Development
to analyse & view
equipmentwise daily production & maintenance
data of Major HEMMs
0.25
Jan15
Feb15
Mar15
8 July
14
0.0025
Study Report
(d)
0.5
Dec14
Jan15
Feb15
15
Mar15
31
Mar15
10 Sept
14
0.0050
Study Report
(iii)
Date
5.5
(a)
14 Feb15
28
Feb15
15
Mar15
31 Mar15
20 Jan
15
0.0100
CMPDIL
Report
(b)
Preparation of Master
Plan for Singrauli
Coalfields
14 Feb15
28
Feb15
15
Mar15
31 Mar15
20 Jan
15
0.0100
CMPDIL
Report
(c)
0.5
Dec14
Jan15
Feb15
Mar15
Dec 14
0.0050
CMPDIL
Report
(d)
14 Feb15
28
Feb15
15
Mar15
31 Mar15
17 Dec
14
0.0100
Gazette
Notification
(e)
Possession of Tenancy
Land for Block-B OCP
15
10
17.926
Ha
0.0100
Self Declaration
(f)
Risk Management
Operationalization of Risk
Management through
an Independent Head
[GM(Safety)] Reporting to
CMD & Board of Directors
through D(F)
0.5
14 Feb15
28
Feb15
15
Mar15
31 Mar15
20 Jan
15
0.0050
Study Report
0.5
14 Feb15
28
Feb15
15
Mar15
31 Mar15
12 Feb
15
0.0050
Study Report
Development of Risk
Indicators under Risk
Management
Date
Ha.
Date
88
4.5
(a)
Milestones
2.5
40% Construction of 4
MTPA CHP at Krishnashila (LOA issued on
28.09.2011 & Site handed
over for Construction on
24.12.2011)
0.25
15 Jan15
31
Jan15
15
Feb15
28 Feb15
31
Mar15
Dec 14
0.0025
E&M Report
0.25
15 Jan15
31
Jan15
15
Feb15
28 Feb15
31
Mar15
Nov 14
0.0025
E&M Report
0.25
15 Jan15
31
Jan15
15
Feb15
28 Feb15
31
Mar15
Nov 14
0.0025
E&M Report
50% Construction
of 3.5 MTPA CHP at
Block-B (LOA issued on
21.08.2013 & Site handed
over for Construction on
03.10.2013)
0.25
15 Dec14
31
Dec14
15
Jan15
31 Jan15
28
Feb15
Nov 14
0.0025
E&M Report
Date
5
0.25
Sep14
Oct14
Nov14
Dec14
Jan15
Aug 14
0.0025
Excavation
Deptt. Report
0.25
15 Mar15
31
Mar15
Dec 14
0.0025
Excavation
Deptt. Report
0.25
15 Mar15
31
Mar15
05 Mar
15
0.0025
Excavation
Deptt. Report
89
0.25
15 Mar15
31
Mar15
NIT &
Tendering
done.
Award
due.
0.0125
Excavation
Deptt. Report
0.25
Feb15
Mar15
26 Feb
15
0.0025
Excavation
Deptt. Report
10
0.25
15 Mar15
31
Mar15
10 Feb
15
0.0025
Excavation
Deptt. Report
(b)
CAPEX
600
575
375
175
100
715
0.0100
(c)
Incremental Production
from On-going Projects
1.0
0.8
0.6
0.4
0.2
2.7
1.0
0.0100
CP Deptt.
Report
70
68
66
64
62
69.58
1.21
0.0121
IED Report
(v)
Rs.Crs.
MT
(a)
System Capacity
Utilisation
(b)
Customer Satisfaction
0.5
99
98
97
96
95
100
0.0050
S&M Deptt.
Report
%age
%age
99
98
97
96
95
100
0.0100
S&M Deptt.
Report
Weighment on Electronic
Weighbridge before Despatch to Power Sector
by Rail
99
98
97
96
95
100
0.0100
E&M Deptt.
Report
Commitment to Supply
Annual Contract Quantity (ACQ) under FSA to
Power Utilities complying
directives of Govt.
0.5
64
63
62
61
60
65
0.0050
S&M Deptt.
Report
MT
90
(b)
(c)
(d)
(e)
(vii)
(a)
(b)
(c)
(d)
(e)
Technology, Quality,
Innovative Practices
NEW TECHNOLOGY :
Preparation of NIT, Tendering & Award of Work
for Introduction of Coal
Net Phase-I (Finance,
Payroll & PIS Modules
at HQ)
ISO : Training Programmes on IMS (ISO
9001, ISO 14001, ISO
18001 & SA 8000)
Installation of CCTV in
all Road Weighbridges &
Other important Locations
in Mines
Introduction of GPS
based Truck Monitoring
System in NCL
SAFETY : Training of
Dumper Operators on
Simulator
Human Resource Management (HRM)
Certified Training in
Project Management
Training on Civil/Purchase/Services Contract
Management
Training in Environment
Management/Forest
Management/ Land
Acquisition
Risk Management
Training
Human Resource Management (HRM)
(i)
(ii)
Offtake
(iii)
AFFORESTATION : Tree
Plantation
Output per Manshift
(O.M.S.)#
Sub Total
Grand Total
(iv)
5
1
15 Mar15
31
Mar15
Award of
work not
done
0.0500
System Deptt.
Report
0.0100
IMS Deptt.
Report
Dec14
Jan15
Feb15
Mar15
Dec 14
0.0100
E&T Deptt.
Report
Dec14
Jan15
Feb15
Mar15
July 14
0.0100
E&T Deptt.
Report
200
150
100
50
356
0.0100
CETI Report
0.25
60
50
40
30
20
60
0.0025
HRD Report
0.25
60
50
40
30
20
67
0.0025
HRD Report
0.25
20
15
10
31
0.0025
HRD Report
0.25
30
25
20
15
10
32
0.0025
HRD Report
1.315
0.0657
Date
Nos.
Date
Date
Nos.
6
Nos.
of
Executives
As per Enclosure 01
20
MT
MT
Lakh
Trees
Tes.
77.50
77.00
73.15
69.49
66.02
72.48
3.18
0.2864
78.50
78.00
74.10
70.40
66.88
73.69
3.11
0.2799
2.00
1.80
1.60
1.40
1.20
5.09
1.00
0.0100
13.75
13.50
13.25
13.00
12.75
13.76
1.00
0.0100
50
100
0.9541
2.4182
Overall Grade
Very Good
# Note1- Calculation of Output per Manshift (OMS) is based on Specific Gravity of Coal and Average Stripping Ratio of mines as per Project Reports (PRs) dt. 6th Oct. 2010 both
for Target and Actual purpose. The ASR taken for OMS calculations are in variation with ASR taken for calculation of OBR Adjustment in respect of some mines.
Note-2: Non compliance of Corporate Governance will be penalized by way by negative marking and as specified in DPEs OM No.3/19/2013-DPE(MoU) dt.11th Nov.2013
Note-3 Certificate regarding implementation of guidelines issued by DPE as per OM No.DPE/14(38)/1-=Fin dated 28th June 2011 is required from Auditors.
Non compliance of DPEs guidelines determined on the basis of certificate will be panlised upto 1 mark (score may increased by 0.04) which is at the discretion of task force at the
time of evaluation.
Note-4: for achieving offtake target, average 26.3 rakes/ day availability is to be ensured from Indian Railways.
91
HRM-PERFORMANCE INDICATORS
Unit
Very
Good
Good
Fair
Poor
Actual
Performance
Self
Evalua- Compsite
tion Raw Score
Score
%age f
ullfilment
10
90
80
70
60
50
100.30
0.1000
days/
employee
10
2.5
2.0
1.5
1.0
0.5
2.72
0.1000
%age of
employee
cost
10
0.25
0.20
0.15
0.10
0.050
0.25
0.1000
%age
fulfillment
10
90
80
70
60
50
79.30
2.07
0.2070
Yes / No
10
Yes
No
Yes
0.1000
%age of
manpower
0.20
0.15
0.10
0.05
0.576
0.0500
%age
1.00
0.99
0.98
0.97
0.96
0.103
0.0500
Yes / No
Yes
No
Yes
0.0500
Nos. of
Executives
20
15
10
42
0.0500
Nos. of
Executives
20
15
10
40
0.0500
No. of
Persons
0.2500
%age
Settlement
70
60
50
40
30
68.42
1.158
0.0579
Nos. of
Events
20
15
10
26
0.0500
Yes / No
Yes
No
Yes
0.0500
No. of
Meetings
0.0500
B. Performance Management
5. Presence of Balance Score Card based Performance
Management System for Executives
C. Recruitment, Retention & Talent Management
6. Manpower Rationalisation through Redeployment
(Redeployment %age)
Grand Total
100
NB : Total score out of 100 awarded on HRM to CPSE will be converted into score out of 5 in MoU on pro-rata basis.
92
1.3149
To,
The Board of Directors,
Northern Coalfields Limited,
Singrauli.
Dear Sir,
Sub: Audit of performance against MOU 2014-2015
With reference to your letter regarding our appointment for audit of performance against MOU 20142015, we report that:1.
The achievement stated in attached Performance Evaluation Sheet with respect to Static/
Financial, Dynamic/Non Financial, Sector Specific/Enterprise Specific Parameters are calculated
in terms of guidelines for MOU for the year 2014-15 issued by Department of Public Enterprises,
Ministry of Heavy Industries and Public Enterprises vide office memorandum No.3/19/2013DPE( MOU) dated 11-11-2013.
2.
The achievement stated against Static/ Financial, Dynamic/Non financial, Sector Specific/
Enterprise Specific Parameters are rectified from means of verification stated in respective
parameters and found correct to the best of our knowledge.
3.
Guidelines issued by DPE on Corporate Governance are complied with by the Company.
4.
Head Office : Rolland Complex Flat No. 8, Upper Floor, Westcott Building, 37/17, The Mall, Kanpur 208 001
Phones: 3012035, 3912995 Email: pra sant@rediffmail.com; gopalgkmishra@gmail.com
Branches : MORADABAD, ORAI, SAMBHAL, DELHI
93
To,
The Members,
M/s Northern Coalfields Limited
Singrauli
CERTIFICATE
1.
2.
3.
We have conducted our review on the basis of the relevant records and documents maintained
and produced to us for review and the information and explanation given to us by the Company.
4.
In our opinion and to best of our information and according to the explanations given to us and
the representations made by the Directors and the Management, we certify that the Company
has complied with the conditions of Corporate Governance except the following condition:-
The Company has not complied with the condition of 50% independent Directors in the Board
during the period under consideration.
5.
We further state that such compliance is neither an assurance as to the future viability of the
Company nor the efficiently or effectiveness with which the Management has conducted the
affairs of the Company.
For PRAKASH & SANTOSH
Chartered Accountants
Sd/(CA SANTOSH GUPTA)
Partner
Membership No. 016304
ICAI Firm Reg. No. 00454C
Place : Singrauli
Date : 29th April, 2015
Head Office : Rolland Complex Flat No. 8, Upper Floor, Westcott Building, 37/17, The Mall, Kanpur 208 001
Phones: 2303565, 3912995, Fax: 0512-3012035, Email: prakashsantoshca@gmail.com
Branches : MORADABAD, ORAI, SAMBHAL, DELHI
94
I
EQUITY AND LIABILITIES
(1) Shareholders Fund
(a) Share Capital
1
177.67
177.67
(b) Reserves & Surplus
2
5,699.69
9,076.42
5,877.36
9,254.09
(2) Non-Current Liabilities
(a) Long Term Borrowing
3
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
4
141.71
132.00
(d) Long Term Provisions
5
6,233.49
5,086.04
6,375.20
5,218.04
(3) Current Liabilities
(a) Short Term Borrowing
6
(b) Trade Payables
7
117.06
90.23
(c) Other Current Liabilities
8
2,532.26
2,088.96
(d) Short Term Provisions
9
318.61
281.32
2,967.93
2,460.51
Total
15,220.49
16,932.64
II
ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets - Gross Block
10A
7,090.76
6,634.70
Less : Depreciation, Impairment & Provisi ns
4,643.09
4,418.30
Net carrying Value
2,447.67
2,216.40
(ii) Intangible Assets - Gross Block
10A
142.80
143.88
Less : Depreciation, Impairment & Provisions
70.76
62.95
Net carrying Value
72.04
(iii) Capital Work-in-Progress
10B
610.96
(iv) Intangible Assets under Development
10C
113.22
(b) Non-Current Investment
11
(c) Deferred Tax Assets (Net)*
413.47
(d ) Long Term Loans & Advances
12
106.35
(e) Other Non-Current Assets
13
6.22
80.93
544.33
89.86
11.45
342.01
74.82
3.15
95
INCOME
Net Sales
9,452.58
9,303.88
B. Other Operating Revenue
20
203.01
194.46
Total Revenue
10,768.12
10,509.76
EXPENSES
Cost of Material Consumed
22
1,578.70
1,590.52
Change in inventories of finished goods work in progress and Stock in trade
23
105.10
144.68
Employee benefit expenses
24
1,800.47
1,711.24
Power & Fuel
249.61
241.28
Corporate Social Responsibility Expenses
25
61.77
39.72
Repairs
26
217.51
192.69
Contractual Expenses
27
1,211.31
1,040.33
Finance Costs
28
0.26
15.45
Depreciation/amortization/Impairment
10A
382.34
360.69
Provisions
29
168.16
774.34
Write off
30
-
Overburden Removal Adjustment
977.03
761.16
Other Expenditure
31
326.86
270.11
Total Expenses
7,079.12
7,142.21
Profit before prior period, exceptional and extraordinary items and tax
3,689.00
3,367.55
Earnings per Equity share (in Rs. )
(Face Value of Rs. 1000/- per share)
- Basic
12,011.80
11,301.79
- Diluted
12,011.80 11,301.79
Significant Accounting Policies
33
Additional Notes on Accounts
34
The Notes referred to above, form an integral part of The Statement of Profit & Loss Account.
Sd/- Sd/- Sd/-
Sd/
(D.K.Sharma)
(P.J. Mohan Rao)
(P.S.R.K.Sastry)
(T.K.Nag)
Company Secratary
General Manager (Finance)
Director (Finance) & C.F.O.
Chairman-Cum Managing Director
DIN- 07163164
DIN - 02219348
In terms of our separate report of even date
For Prakash & Santosh
Chartered Accountants
Firm Regn. No. 000454C
Sd/
(CA. Santosh Gupta)
Dated : 25.05.2015
Partner
Place : Varanasi
M. No.- 016304
96
(Rs. in Crores)
For the year ended March 31,
2015
2014
Operating Profit before Working Capital Changes
4,217.72
4,326.71
Adjustment for :
Receivables
280.67
131.66
Inventories
54.30
104.95
Current and Non Current Assets (Other than Fixed Assets)
1,682.00
(1,203.96)
Current & Non-Current Liabilities
546.48
583.77
Cash Generated from Operations
6,781.17
3,943.13
Income taxes Paid :
Income tax Paid
(1,635.98)
(1,700.63)
Refund / Paid/ Adj. of Corporate tax of Earlier Years
(190.00)
0.10
Net Cash Flow from Operating Activities
(A)
4,955.19
2,242.60
II. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets
(715.06)
(301.76)
Proceeds From Sale of Equipments
7.72
4.85
Redeemption of Power Bonds
11.45
11.46
Interest pertaining to Investing Activities
1,088.95
955.35
Bank Deposit/Investment in Mutual Funds
218.34
448.93
Net Cash used in Investing Activities
(B)
611.40
1,118.83
Net Cash used in Financing Activities
(C )
(5,476.78)
(3,901.48)
Net Increase in Cash and Cash Equivalents
(A)+(B)+(C)
89.81
(540.05)
20.40 560.45
Cash and Cash Equivalents (Opening Balance)
Cash and Cash Equivalents (Closing balance)
110.21
20.40
Component of Cash and Cash Equivalent:
Cash and Cheque in hand
0.02
0.02
Balance with Scheduled Banks:
Current Account
110.19
20.38
Term Deposits
-
Cash and Cash Equivalents (Closing balance)
110.21
20.40
Sd/- Sd/- Sd/-
Sd/
(D.K.Sharma)
(P.J. Mohan Rao)
(P.S.R.K.Sastry)
(T.K.Nag)
Company Secratary
General Manager (Finance)
Director (Finance) & C.F.O.
Chairman-Cum Managing Director
DIN- 07163164
DIN - 02219348
As per our report annexed
For Prakash & Santosh
Chartered Accountants
Firm Regn. No. 000454C
Sd/
(CA. Santosh Gupta)
Dated : 25.05.2015
Partner
Place : Varanasi
M. No.- 016304
97
(Rs. in Crores)
Particulars
3 months
ended
(31/03/2015)
Audited
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
16.
Preceding
3 months
ended
(31/12/2014)
Unaudited
Year to
Corresponding
date for the
3 months endperiod ended
ed (31/03/2014)
(31/03/2015)
Audited
Audited
Year to date
for the period ended
(31/03/2014)
Audited
2,731.74
2,380.72
2,635.41
9,452.58
9,303.88
59.03
2,790.77
48.07
2,428.79
62.96
2,698.37
203.01
9,655.59
194.46
9,498.34
452.70
381.84
512.42
1,578.70
1,590.52
(260.90)
(14.52)
(37.66)
105.10
144.68
490.57
102.89
67.18
34.49
66.64
464.40
327.24
196.08
1,941.29
471.34
109.69
63.18
6.42
54.18
308.10
271.68
123.28
1,775.19
466.13
85.92
62.31
18.43
52.57
287.95
433.71
779.04
2,660.82
1,800.47
382.34
249.61
61.77
217.51
1,211.31
977.03
495.02
7,078.86
1,711.24
360.69
241.28
39.72
192.69
1,040.33
761.16
1,044.45
7,126.76
849.48
653.60
37.55
2,576.73
2,371.58
250.73
289.21
229.93
1,112.53
1,011.42
1,100.21
942.81
267.48
3,689.26
3,383.00
0.08
1,100.13
0.05
942.76
0.88
266.60
0.26
3,689.00
15.45
3,367.55
20.55
1,120.68
(1.18)
941.58
(8.51)
258.09
24.47
3,713.47
(11.84)
3,355.71
503.79
616.89
407.29
534.29
233.06
25.03
1,579.30
2,134.17
1,347.69
2,008.02
616.89
177.67
534.29
177.67
25.03
177.67
2,134.17
177.67
2,008.02
177.67
3,472.06
3,472.06
3,007.16
3,007.16
140.88
140.88
12,011.80
12,011.80
11,301.79
11,301.79
3,472.06
3,472.06
3,007.16
3,007.16
140.88
140.88
12,011.80
12,011.80
11,301.79
11,301.79
98
Select Information
For The Period Ended 31.03.2015
Part-II
(Rs. in Crores)
Particulars
3 months
ended
(31/03/2015)
Audited
A.
Particulars of Shareholding
1. Public Shareholding
Number of Shares
Percentage of shareholding
2. Promoters and promoter group
Shareholding**
a) Pledged/Enucumbered
No. of Shares
Percentage of Shareholding
(as a % of the total shareholding of
promoter and promoter group)
Percentage of shares
(as a % of the total share capital of the
company)
b) Non-Encumbered
- No. of Shares
- Percentage of shareholding
(as a % of the total shareholding of
promoter and promoter group)
- Percentage of shares
(as a % of the total share capital of
the company)
Preceding
3 months
ended
(31/12/2014)
Unaudited
Year to
Year to date
Corresponding
date for the
for the pe3 months endperiod ended riod ended
ed (31/03/2014)
(31/03/2015) (31/03/2014)
Audited
Audited
Audited
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
1776728
100%
1776728
100%
1776728
100%
1776728
100%
1776728
100%
100%
100%
100%
100%
100%
Sd/- Sd/- Sd/-
Sd/
(D.K.Sharma)
(P.J. Mohan Rao)
(P.S.R.K.Sastry)
(T.K.Nag)
Company Secratary
General Manager (Finance)
Director (Finance) & C.F.O.
Chairman-Cum Managing Director
DIN- 07163164
DIN - 02219348
In terms of our separate report of even date
For Prakash & Santosh
Chartered Accountants
Firm Regn. No. 000454C
Sd/
(CA. Santosh Gupta)
Dated : 25.05.2015
Partner
Place : Varanasi
M. No.- 016304
99
Sub-total Shareholders Fund
5,877.36
9,254.09
(2)
Non-Current Liabilities
(a) Long Term Borrowing
-
(b) Deferred Tax Liabilities (Net)
-
(c) Other Long Term Liabilities
141.71
132.00
(d) Long Term Provisions
6,233.49
5,086.04
Sub-total Non-current Liabilities
6,375.20
5,218.04
(3)
Current Liabilities
(a) Short Term Borrowing
-
(b) Trade Payables
117.06
90.23
(c) Other Current Liabilities
2,532.26
2,088.96
(d) Short Term Provisions
318.61
281.32
Sub-total Current Liabilities
2,967.93
2,460.51
Total Equity & Liabilities
15,220.49
16,932.64
B ASSETS
(1)
Non-Current Assets
(a) Fixed Assets
3,243.89
2,931.52
(b) Non-Current Investment
-
11.45
(c) Deferred Tax Assets (Net)
413.47
342.01
(d ) Long Term Loans & Advances
106.35
74.82
(e) Other Non-Current Assets
6.22
3.15
Sub-Total Non-Current Assets
3,769.94
3,362.95
(2)
Current Assets
(a) Current Investments
61.62
11.46
(b) Inventories
835.91
893.19
(c ) Trade Receivables
621.14
955.94
(d) Cash & Bank balance
7,265.10
7,443.79
(e) Short Term Loans & Advances
138.65
113.90
(f) Other Current Assets
2,528.14
4,151.41
Sub-total Current Assets
11,450.56
13,569.69
Total Asets
15,220.49
16,932.64
100
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
Authorised
(i)
40,00,000 Cumulative 10% Redeemable Preference
shares of Rs. 1000/- each
400.00
400.00
(ii)
100,00,000 Equity Shares of Rs.1000/- each
1,000.00
1,000.00
1,400.00
1,400.00
177.67
177.67
Note 1: Shares in the company held by each shareholder holding more than 5% Shares
Name of Shareholder
% of Total Shares
1776728
100%
Note 2 : During the year there is no change in the number of shares.
101
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
RESERVES :
Capital Reserve
As per last Balance Sheet
-
Add: Addition during the year
-
Less: Adjustment During the year
-
400.00
400.00
-
106.27
-
5.90
General Reserve
As per last Balance Sheet
2,698.36
2,457.49
Add: Transfer from Profit & Loss Account
213.42
200.80
Add: Adjustment during the year
112.17
40.07
3,023.95
2,698.36
5,831.51
6,600.17
Add:Profit after Tax during the period/year
2,134.17
2,008.02
2,275.74
5,865.89
Miscellaneous Expenditure
(To the extent not written off)
Preliminary expenses
-
Pre-Operational Expenses
-
Total
5,699.69
9,076.42
Company has adopted the CSR Policy for the Financial Year 2014-15, as per the provisions of the Companies Act 2013. Sustainable Development Activities have been merged
with CSR Activities, Balance amount of CSR Reserve and Sustainable Development Reserve as on 01.04.2014 have been transfereed to General Reserve, as these are no longer
required to be maintained.
102
As at
31-03-2015
-
Term Loan
Loan From Coal India Limited
TOTAL
CLASSIFICATION 1
Secured
- -
Unsecured
- -
CLASSIFICATION 2
Loan Guaranteed by Directors & others
Particulars of Loan
Nature of Guarantee
As At
31.03.2015
As At
31.03.2014
103
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
Trade Payable - Deferred Credits
-
Earnest Money/ Security Deposit
141.71
132.00
Others
-
Total
141.71
132.00
CLASSIFICATION
Secured
-
Unsecured
141.71
132.00
Note - 5
LONG TERM PROVISIONS
For Employee Benefits
- Gratuity*
- Leave Encashment
- Other Employee Benefits#
OBR Adjustment Account**
Mine Closure Expense***
For Others****
TOTAL
As at
31-03-2015
-
213.18
142.62
5.405.14
472.43
0.12
6,233.49
Refer Foot of Note-19 OTHER CURRENT ASSETS.
(Rs. in Crores)
As at
31-03-2014
195.54
134.71
4,428.11
327.56
0.12
5,086.04
** Survey Measurement of overburden removed during the period has been conducted at all the projects. The measured quantity of
overburden has been considered for Overburden Removal Adjustment after considering the variance between reported quantity and the
measured quantity in respect of all the projects. (Refer Note 33- Accounting Policy 16.0).
An amount of Rs.977.03 Crores has been debited to Profit & Loss Account (Previous year Rs. 761.16 Crores) on account of variance
in Current Ratio (O.B. : Coal) with standard ratio (O.B. : Coal), by giving corresponding effect to this extent in Long term provisions.
*** In accordance with guidelines issued by Ministry of Coal on 27th August, 2009 & subsequent guidelines, Mine Closure Plan has
been prepared by CMPDIL and approved by NCL Board for the Projects Jhingurda, Block B, Bina, Krishanshilla, Jayant, Khadia, Amlohri,
Dudhichua, Kakri and Nigahi Project, on account of water quality management, air quality management, waste management, top soil
management of coal rejects from washeries, infrastructure, disposal of mining machinery and safety & security. Based on the approved
Mine Closure Plan, provision has been made in the accounts for Rs. 449.43 crores upto 31.03.2015 (Previous year Rs. 304.56 Crores)
& an amount of Rs. 449.43 crores including Interest received Rs. 34.06 crores (Previous year Rs. 8.10 Crores)has been deposited in an
escrow account set up for this purpose.
In respect of Gorbi Project (Closed mine), an amount of Rs. 23.00 Crores as on 31.03.2015 (Rs. 23.00 Crores as on 31.03.2014) has
been provided as per the technical estimate received from CMPDIL towards mine closure expenses.
Based on the above, provision of Rs. 144.87 Crores (Previous year Rs. 115.73 Crores) including interest received Rs. 25.96 crores
(Previous year Rs. 8.10 Crores)from Escrow Account has been made during the year ended 31.03.2015. (Refer Note-29).
**** A provision of Rs. 0.12 Crores (Previous year Rs. 0.12 Crores) had been made against loss on theft/damage of Fixed Assets.
# it includes provision of Rs. 27.12 Crores (Previous year Rs. 24.87 Crores) has been made against CMPF and Pension Fund on Long
Term Acturial Liability of Leave Encashment.
104
LOAN FROM BANKS
Loans Repayable on Demand
Balance with Coal India Limited & other Subsidiaries of Coal India Limited
-
Overdraft against Pledge of Term Deposit
-
Other Loans and Advances
Deferred Credits
-
Total :
-
CLASSIFICATION 1
Secured
-
Unsecured
-
CLASSIFICATION 2
Loan Guaranteed by Directors & others
Particulars of Loan
Nature of
Guarantee
Note - 7
TRADE PAYABLES
As at
31-03-2015
Sundry Creditors For Supplies
For Revenue Stores
117.06
117.06
105
(Rs. in Crores)
As at
31-03-2014
90.23
90.23
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
Current Maturities of Long Term Borrowings
Loan From Coal India Limited
-
Surplus Funds from Coal India Limited Current Account with Subsidiaries
-
For Capital (including stores)
49.45
39.78
FOR EXPENSES :
Salary Wages & Allowances
263.98
235.02
Power & Fuel
23.07
32.89
Others
384.51
323.73
671.56
591.64
STATUTORY DUES :
Sales Tax/ VAT
14.21
10.26
Provident Fund & Pension Fund
20.28
19.95
Central Excise Duty
18.80
23.97
Royalty & Cess on Coal
14.01
88.25
Stowing Excise Duty
20.75
20.15
Clean Energy Cess
153.88
33.19
Income Tax Deducted at Source
46.16
30.73
Other Statutory Levies
689.28
291.87
977.37
518.37
OTHERS :
Security Deposit
100.04
75.41
Earnest Money
18.49
19.80
Advance & Deposit from customers / others
713.63
840.51
Interest Accrued and due on Borrowings
-
Interest Accrued but not due on Borrowings
-
Other Liabilities
-Expenses for Coal India Sports Promotion Association
1.72
1.75
-Unutilised Govt. Grant
-
1.70
-Income received in advance
-
833.88
939.17
TOTAL
2,532.26
2,088.96
106
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
For Employee Benefits
- Gratuity
- Leave encashment
21.58
18.50
- Ex-gratia/ PPLB
61.47
48.60
- PRP*
194.54
162.28
39.77
51.44
1,646.00
1,649.70
1,646.00
1,649.70
-
Others
-Wealth Tax ***
1.25
0.50
TOTAL
318.61
281.32
* The total liability of Rs. 255.84 crores since 2007-08 upto 31.03.2015 has been netted-off with Rs. 61.30 crores (i.e.75% amount of
PRP for the year 2007-08 to 2010-11) paid to the Employees (Executives) as Recoverable Advance. Provision of Rs. 27.93 Crores (Previous year Rs. 39.69 Crores) has been made for the year ended 31.03.2015 in respect of PRP to the Employees (Executives) as per advice
of Coal India Limited. (refer Note-24).
** In the opinion of the management, provision made for Income Tax during the year Rs. 1,646.00 Crore (Prev. year Rs. 1,649.70 Crores)
is considered adequate.
*** In the opinion of the management, provision made for Wealth Tax during the year Rs. 1.25 Crore (Prev. year Rs. 0.50 Crores) is considered adequate.
107
108
(6.92)
(174.94)
(445.95)
8.11
631.00
526.16
-
143.44
0.44
143.88
6,778.58
631.00
1.15
(1.59)
1.49
-
33.07
51.93
56.47
6,634.70
6,554.49
(176.02)
(1.08)
(1.08)
(0.87)
1.02
41.34
(0.10)
(160.76)
(1.76)
(0.07)
(0.20)
(3.82)
5.42
587.88
4.74
16.65
-
5.69
541.53
5,628.95
19.65
24.14
25.33
0.04
212.25
As on
01.04.14
Tangible Assets
Land:
(a) Freehold
(b) Other*
PARTICULARS
GROSS BLOCK
Addition Adj./Sales/
during
Transfer
the year during the
year
7,233.56
142.36
0.44
142.80
35.71
50.34
57.66
7,090.76
6,634.70
41.49
546.85
6,056.07
22.63
40.72
25.13
0.04
214.12
As on
31.03.15
4,481.25
62.79
0.16
62.95
17.00
4,418.30
4,480.36
26.69
41.75
28.16
197.34
3,962.62
18.16
22.25
23.46
80.87
As on
01.04.14
372.05
8.82
0.02
8.84
363.21
356.88
1.63
0.45
2.10
9.96
337.83
0.87
0.54
0.23
9.60
(139.45)
(1.03)
(1.03)
(16.65)
(138.42)
(418.94)
1.17
7.44
0.76
13.78
(143.15)
(1.47)
(0.07)
(0.24)
0.01
4,713.85
70.58
0.18
70.76
0.35
4,643.09
4,418.30
29.49
49.64
31.02
221.08
4,157.30
17.56
22.72
23.45
90.48
DEPRECIATION
Addition Adj./Sales/ As on
during
Transfer 31.03.15
the year during the
year
FIXED ASSETS
IMPAIRMENT LOSS
Adj./
As on
As on
Addition
Sales/ 31.03.15
01.04.14
during Transfer
the
during
year
the year
4,713.85
70.58
0.18
70.76
29.49
49.64
0.35
4,643.09
4,418.30
31.02
90.48
221.08
4,157.30
17.56
22.72
23.45
TOTAL
(Rs. in Crores)
2,519.71
71.78
0.26
72.04
57.31
2,447.67
2,216.40
6.22
0.70
10.47
325.77
1,898.77
5.07
18.00
1.68
0.04
123.64
2,297.33
80.65
0.28
80.93
39.47
2,216.40
2,074.13
6.38
10.18
13.18
344.19
1,666.33
1.49
1.89
1.87
0.04
131.38
CARRYING VALUE
As on
As on
31.03.15 31.03.14
Note- 10A
109
68.81
26.23
25.41
17.17
Addition
during
the year
Adj./
Sales/
Transfer
during
the year
614.55
0.08
31.31
551.27
31.89
1.41
0.22
1.19
As on
As on
31.03.15 01.04.14
2.22
1.09
1.13
Addition
during
the
year
(0.04)
(0.04)
3.59
1.27
2.32
Adj./
As on
As on
Sales/ 31.03.15 01.04.14
Transfer
during
the year
PROVISION
Addition
during
the
year
Adj./
Sales/
Transfer
during
the year
IMPAIRMENT LOSS
As on
31.03.15
3.59
1.27
2.32
TOTAL
610.96
0.08
31.31
550.00
29.57
As on
31.03.15
544.33
0.08
5.08
525.64
13.53
As on
31.03.14
CARRYING VALUE
(Rs. in Crores)
Tangible assets as
703.22 (157.48)
545.74
0.86
0.60
(0.05)
1.41
1.41
544.33
702.36
on 31.03.2014
Assets (Capital WIP), which could not be put to use for more than 3 years from the date of purchase /acquisition /construction, a provision, equivalent to depreciation from the fourth year
and onwards has been made. Total provision amounting to Rs. 3.59 crores (Rs. 1.41 crores as on 31.03.2014) made upto 31.03.2015 as disclosed is considered adequate.
0.08
545.74
TOTAL
Others
Mine Development
& Prospecting &
Boring
5.08
525.86
Railway Sidings
14.72
As on
01.04.14
Tangible Assets
PARTICULARS
COST
CAPITAL WORK-IN-PROGRESS
Note - 10B
110
89.33
89.86
79.68
Prospecting &
Boring
TOTAL
Intangible Assets
as on 31.03.2014
0.53
As on
01.04.14
Development
Intangible Assets
PARTICULARS
10.18
23.36
23.76
(0.40)
Addition
during
the year
89.86
113.22
113.09
0.13
As on
31.03.15
Adj./
Sales/
Transfer
during
the year
COST
IMPAIRMENT LOSS
As on
Addition
Adj./
As on
As on
Addition
Adj./
As on
TOTAL
01.04.14 during the Sales/ 31.03.15 01.04.14 during the
Sales/
31.03.15
year
Transfer
year
Transfer
during
during the
the year
year
PROVISION
Note - 10C
89.86
113.22
113.09
0.13
As on
31.03.15
79.68
89.86
89.33
0.53
As on
31.03.14
CARRYING VALUE
(Rs. in Crores)
Unquoted at Cost
(Rs. in Crores)
Number of
shares/bonds/
securities as on
31.03.2015 /
(31.03.2014)
As at
31-03-2015
Ast at
31-03-2014
NIL/(02)
57,280,000.00
11.45
Haryana
Maharashtra
Madhya Pradesh
Gujarat
West Bengal
Others
Total :
11.45
11.45
TRADE
8.5% Tax Free Special Bonds (Fully Paid up) (Unquoted) :
(on securitisation of Sundry Debtors)
Major State-wise Break-up
UP
111
- -
LOANS
ADVANCES
For Capital
- Secured considered good
-
- Unsecured considered good
32.98
4.38
- Doubtful
0.26
0.24
33.24
4.62
Less : Provision for Doubtful Loans and Advances**
0.26
0.24
Sub Total
32.98
4.38
For Revenue
- Secured considered good
-
- Unsecured considered good
-
- Doubtful
-
Sub Total
-
34.29
35.26
Less : Provision for Doubtful Loans and Advances**
-
Sub Total
34.29
35.26
24.23
17.99
Less : Provision for Doubtful Loans and Advances**
0.52
0.52
Sub Total
23.71
17.47
LOAN TO EMPLOYEES
For House Building
- Secured considered good
15.34
17.64
- Unsecured considered good
-
- Doubtful
-
Sub Total
15.34
17.64
Sub Total
0.03
0.07
112
For Others
- Secured considered good
-
- Unsecured considered good
-
- Doubtful
-
-
-
Loan To Subsidiaries
- Secured considered good
-
- Unsecured considered good
-
- Doubtful
-
Sub Total
-
TOTAL
106.35
74.82
Classification:
Secured
15.37 17.71
Unsecured - Considered Good
90.98 57.11
- Considered Doubtful
0.78 0.76
Note
CLOSING BALANCE
CURRENT YEAR
PREVIOUS YEAR
CURRENT YEAR
PREVIOUS YEAR
Total Provision of Rs. 0.78 crores (as on 31.03.2014 Rs. 0.76 crores), as on 31.03.2015 on account of Doubtful Loans & Advances is considered adequate.
113
Long Term Trade Receivable
- Secured considered good
-
- Unsecured considered good
-
- Doubtful
-
-
Less: Provision for bad and doubtful trade receivables
-
-
Exploratory Drilling Work
-
Less: Provision for bad & doubtful receivables
-
-
Receivable for Mine Closure Expenses
6.22
3.15
Other Receivables
- Secured considered good
- Unsecured considered good
- Doubtful
3.15
Note
CLOSING BALANCE
CURRENT YEAR
PREVIOUS YEAR
CURRENT YEAR
PREVIOUS YEAR
114
176,525.04
1,019.45
18.00
262,584.76
1,003.25
26.34
24,942.57
1,005.50
2.51
19,851.50
1,000.65
1.99
13,208.99
1,002.65
1.32
02 (02)
57,280,000
57,280,000
11.46
Total
11.46
61.62 11.46
50.16
11.46
11.46
115
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
379.54
484.64
-
379.54
484.64
Less : Provision
-
A
Stock of Coal (Net)
379.54
484.64
Stock of Stores & Spare Parts
470.03
413.10
Stores -in -transit
32.86
39.03
502.89
452.13
Less : Provision**
46.64
43.66
B
Net Stock of Stores & Spare Parts
456.25
408.47
C
Workshop Jobs :
Work-in-progress and Finished Goods
Less : Provision
Net Stock of Workshop Jobs
-
D
Press :
Work-in-Progress and Finished Goods
-
E
Stock of Medicine at Central Hospital
0.12
0.08
F
Prospecting & Boring/ Development Exp./ Coal blocks meant for sale
-
Total ( A to F )
835.91
893.19
*
Stocks of coal are valued separately for each mine at cost or average net realizable value whichever is lower. Net realisable value
of stock of coal at the year end has been arrived at on the basis of average net realisable value for the quarter ended 31.03.2015.
**
A total provision of Rs. 46.64 Crores (As at 31.03.2014 Rs. 43.66 Crores) made for stores and spares which includes for unmoved
stores & spares Rs. 25.02 Crores (As at 31.03.2014 Rs. 22.48 Crores) for more than 5 years and Rs. 20.08 Crores (As at 31.03.2014
Rs. 20.03 Crores) for obsolete/ damaged/unserviceable items of stores and Rs. 1.54 crores (As at 31.03.2014 Rs. 1.15 Crores) on
account of shortage of stores including theft upto 31.03.2015, made in accordance with Accounting Policy of the company, is considered adequate.
116
Table-A
Reconciliation of closing stock adopted in
Account with Book stock as at the end of the period :
OVERALL STOCK
NON-VENDABLE STOCK
VENDABLE STOCK
Qty.
Value
Qty.
Value
Qty.
Value
61.07
484.64
61.07
484.64
724.84
8,901.82
724.84
8,901.82
3.
Sub-Total ( 1+2)
785.91
9,386.46
785.91
9,386.46
4.
1.
2.
(A)
Outside Despatch
700.77
8,918.25
700.77
8,918.25
(B)
36.16
88.67
36.16
88.67
(C)
Own Consumption
TOTAL(A)
736.93
9,006.92
736.93
9,006.92
5.
Derived Stock
48.98
379.54
48.98
379.54
6.
Measured Stock
48.41
375.12
48.41
375.12
7.
Difference (5-6)
0.57
4.42
0.57
4.42
8.
Break-up of Difference:
-
0.57
4.42
0.57
4.42
(C ) Excess beyond 5%
48.98
379.54
48.98
379.54
(D ) Shortage beyond 5%
9. Closing stock adopted in A/c
Table-B
Summary of Closing Stock of Coal
Raw Coal
Coking
Non-Coking
Qty
Value
Qty
Value
61.07
484.64
61.07
484.64
724.84
8,901.82
Other
Rejects
Qty
Value
-
Total
Qty
61.07
61.07
724.84
Value
484.64
484.64
8,901.82
(700.77)
(8,918.25)
(34.41)
(523.09)
(1.50)
(11.24)
(736.68)
(9,452.58)
(36.16)
48.98
(88.67)
379.54
36.16
1.75
88.67
-
50.73
379.54
1.75
1.75
48.98
379.54
Closing Stock **
48.98
379.54
* Offtake includes outside despatch, Coal feed to washeries & own consumption.
** Excluding non-vendable Stock
117
292.16
- Doubtful
781.99
707.81
999.97
653.68
1,435.67
292.16
781.99
Other Debts
- Secured considered good
-
328.98
173.95
- Doubtful
-
328.98
173.95
-
328.98
621.14
173.95
955.94
621.14 955.94
707.81 653.68
- Considered Doubtful
Note :
CLOSING BALANCE
CURRENT
PERIOD
PREVIOUS
PERIOD
CURRENT
PERIOD
PREVIOUS
PERIOD
0.08
118
With the introduction of Gross Calorific value (GCV) system of grading of coal w.e.f. 1st January 2012,
supply of coal to NTPC was billed at declared grade of coal corresponding to the GCV range of the
coal supplied. With effect from October 2012 NTPC released payment based on GCV determined
unilaterally at the receiving end, contrary to the provision of Fuel Supply Agreement which stipulates
that the GCV is to be determined at the loading end by joint collection, preparation, testing and analysis
of the coal being supplied.
As a result an amount of Rs. 669.89 Crore (Basic bill value Rs.643.88 crore and incentive for 2012-13
Rs.26.01 crore) was unilaterally withheld by NTPC for the period October, 2012 to September, 2013
as on 31.03.2015 from the bills of the Company in respect of supply of coal, which was against the
provision of FSA. The issue was taken up with the Ministry of Power through the Ministry of Coal for
resolution which resulted in incorporation of a provision for third party sample collection, preparation,
testing and analysis at the point of loading in the FSA. Such third party sampling/analysis was
implemented from October 2013.
For an appropriate resolution of the issue, the Govt. of India advised for extrapolation of the result
of the third party sampling/analysis during October December 2013 to the supplies during the past
period from October 2012 to September 2013. On the basis of this settlement formula an amount of
Rs. 669.89 crore (Basic bill value Rs. 643.88 crore and incentive for 2012-13 Rs. 26.01 crore) has
been provided in the Accounts upto 31.03.2015.
**It includes a sum of Rs. 3.34 crores recoverable from e-auction & road sale customers on account
of the supplementary bills raised for recovering the excise element on royalty and stowing excise duty
paid under protest by the Company for the period 1.03.2011 to 28.2.2013. The recoveries from the
customers to the extent of Rs. 1.74 crores , have been stayed by the courts. Further, the issue as to
the royalty to be a part of the transaction value is pending before the larger bench of the Supreme
Court. The Company has challenged the chargeability of the excise duty on royalty and stowing excise
duty before the CESTAT, New Delhi and the case is pending for hearing/ decision. In view of above,
no provision has been made against the same.
Total provision of Rs. 707.81 Crores for Bad & Doubtful Debts is considered adequate as at 31.03.2015
(As at 31.03.2014 Rs. 653.68 Crores).
119
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
Total
7,265.10
7,443.79
Maximum amount outstanding with Banks other than
Scheduled Banks at any time during the year
-
-
Note:
*
Includes an amount of Rs. 19.08 crores (Rs. 13.69 crores as on 31.03.2014) in sweep account with Banks and lien of Rs. 5.33 crores
& Rs. 7.39 crores for Jayant & Amlohri Projects respectively, has been created on the notice of DCIT (TDS), Jabalpur.
**
Deposit with Banks includes fixed deposit of Rs. 1.62 cr (Rs. 1.65 crores as on 31.03.2014) pledged with Bank as margin money for
B. G. Interest accrued thereon is Rs. 0.19 crores (Rs. 0.18 crores as on 31.03.2014).
Deposit with Banks includes fixed deposit of Rs. 339 Cr lien marked with Bank against Bank Guarantee of Rs. 337 Cr. to UP Forest
Department against Transit Fees.
**
Deposits with Bank includes Rs. 4.83 Crores (Rs. 4.47 crores as on 31.03.2014) as per the order of Honble High Court, Kolkata,
has been kept in separate interest bearing account. Interest accrued on these deposit are Rs. 0.11 Crores (Previous Year Rs. 0.10
Crores).
120
51.58
6.27
Less : Provision for Bad & Doubtful Advances*
0.73
1.24
Sub total
50.85
5.03
21.48
20.68
Less : Provision for Bad & Doubtful Advances*
-
Sub total
21.48
20.68
Sub total
49.72
79.14
Others
- Secured considered good
- Unsecured considered good
-
0.02
- Doubtful
-
-
0.02
Less : Provision for Bad & Doubtful Advances*
-
Sub total
-
0.02
ADVANCE TO EMPLOYEES
- Secured considered good
-
- Unsecured considered good
3.31
1.91
- Doubtful
0.00
3.31
1.91
Less : Provision for Bad & Doubtful Advances*
0.00
Sub total
3.31
1.91
Current Account with Coal India Limited (Holding Co.) &
other Subsidiaries of Coal India Limited
-
1.59
Sub total
-
1.59
Continued
121
As at
31-03-2014
Claims Receivables
- Secured considered good
-
- Unsecured considered good
13.29
5.42
- Doubtful
4.16
3.10
17.45
8.52
Less : Provision for Bad & Doubtful Advances*
4.16
3.10
Sub total
13.29
5.42
Prepaid Expenses
-
0.11
TOTAL
138.65
113.90
Classification:
Secured
-
Unsecured - Considered Good
138.65 113.90
- Considered Doubtful
4.90 4.34
Note:
CLOSING BALANCE
CURRENT PERIOD
PREVIOUS YEAR
CURRENT PERIOD
PREVIOUS YEAR
1.59
1.59
122
(Rs. in Crores)
As at
As at
31-03-2015
31-03-2014
Interest Accrued
- Investment
0.49
0.97
- Deposit with Banks
354.36
404.42
- Others
-
Sub Total
354.85
405.39
Ex Owners Account
-
Other Advances
- Secured considered good
-
- Unsecured considered good*
40.00
31.99
- Doubtful
6.85
7.48
46.85
39.47
6.85 7.48
Less: Provision for Bad & Doubtful Advances$
Sub Total
40.00
31.99
DEPOSITS
Deposit for Customs Duty, Port Charges etc.
-
Deposit with Coal India Limited
588.01
2,495.47
Deposit for Royalty, Cess & Sales Tax
-
Less: Provision
-
Sub Total
588.01
2,495.47
Others (Deposit under Protest)**
1,469.16
1,133.94
0.09 0.09
Less: Provision for Doubtful Deposits$
Sub Total
1,469.07
1,133.85
Other Receivables
VAT & CENVAT Receivable
120.49
121.67
Rent & Electricity Receivable
2.28
2.94
122.77
124.61
46.56 39.90
Less: Provision for Doubtful Recievable$
Sub Total
76.21
84.71
TOTAL
2,528.14
4,151.41
Classification:
Secured
-
Unsecured - Considered Good
2,528.14
4,154.56
- Considered Doubtful
53.50
47.47
continued
123
continued
Of the total actuarial liability of Rs. 646.90 crores and outstanding gratuity liability of Rs. 3.08
crores has been net-off with Rs. 688.40 crores deposited with LIC (Rs. 645.94 crores as on
31.03.2014) which includes interest amounting to Rs. 58.66 crores, Net of Insurance Premium
Rs. 1.9 Crore (Prev. year Rs. 56.69 crore, Net of Insurance Premium Rs. 1.61 Crore) @ 9.40%
pa. has been accounted for on accrual basis for the period ended on 31.03.2015.
**
Commercial Tax Department of M.P. and UP has raised a demand of Rs. 1040.06 Crores (As at
31.03.2014 Rs. 737.92 Crores) till 31.03.2015 for Sales Tax & Entry Tax, against which appeal
has been filed and Rs. 248.56 Crores (As at 31.03.2014 Rs. 120.23 Crores) has been deposited
under protest. However, the claim of Rs. 1040.06 Crores has been shown as Contingent Liability.
**
Singrauli Municipal Authority has claimed licence and composite fees for construction of building
of Rs. 9.87 Crores during 1999-2000 against which an amount of Rs. 6.00 Crores has been
deposited under protest in 2002-03. The matter is pending before Honble Supreme Court.
However, the claim of Rs. 9.87 Crores has been shown as Contingent Liability.
**
Govt. of Madhya Pradesh has claimed Land Revenue Premium for an amount of Rs. 117.05
Crores against which an amount of Rs. 3.00 Crores has been deposited under protest to
Honble High Court Jabalpur during the year 2004-05. However, the claim of Rs. 117.05 Crores
has been shown as Contingent Liability. The matter is pending before the Honble High Court,
Jabalpur.
**
Commissioner of Income tax, Jabalpur has demanded Rs. 13.12 crores against adhoc provion
of NCWA VII during A/Y 2002-03 & 2003-04 & on account of interest income on parking of
surplus fund with CIL for A/Y 2002-03 against which an amount of Rs. 13.12 crore has been
deposited with Income tax department under protest as the matter is pending before Honble
High Court, Jabalpur.
Furthermore, Assistant Commissioner of Income Tax, Jabalpur raised a demand for Assessment
Year 2010-11 Rs. 1004.00 crores at the time of assessment under section 143(3) by disallowing
various allowable expenses and demand is reduced to Rs. 990.76 crores under section 250
after giving appeal effect of CIT(A) against which an amount of Rs. 990.76 crores has been
deposited with Income Tax department under protest. Honble ITAT, Jabalpur is pleased to
pronounce the decision in favour of NCL vide order dated 05.05.2015. Thus, after the
appeal effect of ITAT Order NCL is eligible for the refund Rs. 990.76 crores alongwith interest.
And for Assessment year 2011-12 Assistant Commissioner of Income Tax, Jabalpur raised a
demand of Rs. 1018.65 crores at the time of assessment under section 143(3) by disallowing
various allowable expenses, subsequently demand was reduced to Rs. 910.99 crores under
124
continued
section 154 and 250 after rectification and appeal effect of CIT(A) against which an amount
of Rs. 164.14 crores (including Rs. 14.14 Crore as adjustment of Refund of earlier year) has
been deposited with Income Tax deptt. under protest as the matter is subjudice and pending
before Income Tax Appellate Tribunal, Jabalpur and for A/Y 2012-13 Assistant Commissioner
of Income Tax, Jabalpur raised a demand of Rs. 860.96 crores at the time of assessment
under section 143(3) by disallowing various allowable expenses, against which an amount of
Rs. 40.00 crores has been deposited with Income Tax department under protest as the matter
is subjudice and pending before commissioner of Income Tax (Appeal), Jabalpur
**
MPPKVVCL has raised a claim of Rs. 7.44 Crores (As at 31.03.2014 Rs. 7.44 Crores) till
31.12.2014. The matter was challenged before Electricity Ombudsman, Bhopal under case
no. L0024112 and Rs. 2.50 Crores (As at 31.03.2014 Rs. 2.50 Crores) has been deposited
under protest. However, the decision of the Ombudsman is awaited and the amount of Rs.
7.44 Crores has been shown as Contingent Liability.
Total Provision of Rs. 53.50 crores as on 31.03.2015 (as on 31.03.2014 Rs. 47.47 crores) on
account of Doubtful Loans & Advances is considered adequate.
125
( Rs. in Crores)
A Sales of Coal*
13,161.25 12,400.42
Less: Excise Duty
657.22
649.45
1,208.42 1,184.37
Cess on Coal
10.82
13.25
73.70
72.11
131.56
104.69
716.91
361.97
285.13
298.01
Others Levies**
624.91
412.69
TOTAL LEVIES
3,708.67
3,096.54
NET SALES* (A)
9,452.58
9,303.88
B Loading and Additional Transportation
Charges
222.99 213.66
Less- Excise Duty
12.50
11.86
2.44
1.79
4.61
4.98
Others Levies
0.43
0.57
Total Levies
19.98
19.20
Other Operating Revenue (B)
C Revenue From Operations (A+B)
203.01
194.46
9,655.59
9,498.34
*
includes incentive from customers Rs. 98.46 Crores for the year ended 31.03.2015 (Previous Year Rs. 134.76 Crores).
**
includes UP Transit Fees (including VAT & CST) for the period Jan. 1999 to March 2012 amounting to Rs. 384.29 Crores for which
bills are raised during current period and Rs.36.46 Crores against MPGATSVA by realising Bank Guarantee form M/s HINDALCO
Industries Limited.
126
Interest from:
Government Securities ( 8.5% Tax Free Special Bonds)*
0.73
1.71
0.98
Interest from:
Government Securities ( 8.5% Tax Free Special Bonds)*
0.97
0.97
Income From Others
Interest (Gross)
(TDS Rs. 100.98 Crores, Previous year Rs. 95.63 Crores)
Others
836.89
832.49
0.77
0.55
0.18
169.39
113.78
2.72
2.35
Profit on Sale of Assets
0.80
2.88
3.09
Lease Rent
Liability write back
13.55
2.71
82.85
53.59
TOTAL
1,112.53 1,011.42
*
In terms of the Scheme of Securitisation, one-time settlement against past dues of UPSEB as on 30.09.2001 has been made by
executing an agreement. Accordingly 8.5% Tax Free Govt. of U.P. Special Bond amounting to Rs. 114.56 Crores have been issued
which are to be redeemed over a period of 15 years in 20 equal six monthly installments commencing from 01.10.2006. Interest
received from these bonds is Rs.1.70 Crores (Previous Year Rs.2.68 Crores.
127
( Rs. in crores)
Explosives
408.73 353.21
Timber
- -
P O L
637.85
717.37
HEMM Spares
406.27
386.53
125.85
133.41
TOTAL
1,578.70
128
1,590.52
FINISHED GOODS
Opening Stock of Coal
484.64
629.32
Add: Adjustment of opening stock
Less: Deterioration of Coal
-
484.64
629.32
Less: Closing Stock of Coal
379.54
484.64
Less: Deterioration of Coal/Coke
-
379.54
484.64
A)
Change in Inventory of Coal
105.10
144.68
Less: Closing Stock of Workshop made finished goods and WIP
-
-
Less: Provision
B)
Change in Inventory of workshop
-
-
129
( Rs. in crores)
Ex-gratia*
68.49 53.22
PRP**
27.93 39.69
166.25
159.86
Gratuity***
31.05 -
Leave Encashment
61.94
VRS
53.65
Workmen Compensation
0.10
0.29
Medical Expenses
24.80
21.70
Medical Expenses for Retired Employees
0.37
9.73
9.20
21.92
4.29 3.53
0.89
0.84
Power - Township
68.16
69.30
5.28
4.99
30.02
25.24
TOTAL
1,800.47 1,711.24
* Rs. 68.49 Crores (Previous year Rs. 53.22 Crores) provision has been made during the year ended 31.03.2015 in respect of
Ex-gratia to the Employees (Non-Executives) on the basis of Ex-gratia declared for the year 2013-14.
** Refer Note no. 09
*** Interest Received from LIC on Gratuity Fund - Rs. 58.66 crores, is net of Insurance Premium Rs. 1.90 crores (Prev. year - Rs. 56.69
Crores, Net of Insurance Premium Rs. 1.61 Crore) & Gratuity Expenses - Rs. 89.71 Crores (Prev. Year - Rs. 53.98 Crores).
# includes an amount of Rs. 1.72 crores towards contribution to Coal India Sports Promotion Association (CISPA) @ Rs. 0.25/- per
tonne of coal produced in the previous year, as decided in 296th CIL Board Meeting.
Note 25
CORPORATE SOCIAL RESPONSIBILITY EXPENSES
( Rs. in crores)
CSR Expenses
TOTAL
39.72
61.77 39.72
130
REPAIRS
( Rs. in crores)
Building
83.38
60.80
128.34
126.45
5.79
5.44
Others
TOTAL
217.51
192.69
Note - 27
CONTRACTUAL EXPENSES
( Rs. in crores)
Transportation Charges :
- Sand
- Coal & Coke
- Stores & Others etc.
99.93
96.15
Wagon Loading
Hiring of P&M
Other Contractual Work
TOTAL
1,036.54
875.04
74.84
69.14
1,211.31
1,040.33
131
Others
0.26
-
4.97
0.25
TOTAL(A)
0.26
5.22
OTHER BORROWING COST
Guarantee Fees on (IBRD & JBIC) Loan
Other Expenses / Bank Charges
8.74
1.49
TOTAL(B)
10.23
TOTAL (A+B)
0.26
15.45
132
TOTAL (A)
196.57
781.35
(B) PROVISION WRITTEN BACK
Doubtful debts
5.98
0.08
Doubtful advances & Claims
5.39
2.08
Foreign exchange Transaction
-
Stores & Spares
0.35
1.08
Reclamation of Land/ Mine Closure Expenses
-
2.39
Surveyed of Fixed Assets/Capital WIP
16.69
1.38
Others
-
TOTAL (B)
28.41
7.01
TOTAL ( A-B )
168.16
774.34
Provision of Rs. 118.91 Crores( Prev. Year Rs. 107.63 Crores) net of interest received Rs. 25.96 crores from Escrow Account (
Prev. Year Rs. 8.10 Crores) has been made during the year ended 31.03.2015 (Refer Note-5).
Note - 30
WRITE OFF
( Rs. in crores)
For the Year
For the Year
ended 31.03.2015
ended 31.03.2014
Doubtful debts
-
Doubtful advances
Others
TOTAL
133
Travelling expenses
- Domestic
10.50
10.22
- Foreign
0.01
0.08
Training Expenses*
4.48
4.73
Telephone & Postage
4.50
4.77
Advertisement & Publicity
5.02
4.79
Freight Charges
0.69
0.28
Demurrage
-
0.06
Donation/ Subscription
-
Security Expenses
23.55
19.99
Service Charges of CIL**
36.24
34.32
Hire Charges
15.26
14.14
CMPDI Expenses
37.16
28.69
Legal Expenses
1.05
0.46
Bank Charges****
0.55
0.05
Guest House Expenses
0.67
0.69
Consultancy Charges
0.07
0.81
Under Loading Charges
10.10
10.35
Loss on Sale/Discard/Surveyed of Assets
-
2.12
Auditors Remuneration & Expenses
- For Audit Fees
0.08
0.08
- For Taxation Matters
0.01
0.01
- For Company Law Matters
-
- For Management Services
-
- For Other Services
0.15
0.09
- For Reimbursement of Expenses
0.12
0.08
- For Cost Audit
0.05
0.05
Internal Audit & Other Management Expenses
1.67
0.79
Rehabilitation Charges***
44.21
43.27
Royalty & Cess on Coal
80.87
71.31
Central Excise Duty
(12.73)
(22.24)
Rent
-
Rates & Taxes
11.01
7.48
Wealth Tax
1.25
(0.05)
Insurance
0.52
0.47
Loss on Exchange Rate Variance
-
R & D Expenses
14.15
0.24
Lease Rent
0.02
0.19
Rescue/Safety Expenses
10.65
8.04
Dead Rent/Surface Rent
-
Siding Maintenance charges
2.09
1.06
Land/Crops Compensation
-
Environmental Expenses
6.42
6.75
Tree Plantation
4.81
3.97
Misc. Expenses
11.66
11.97
TOTAL
326.86
270.11
*
As per advice received from Coal India Limited, Holding Company, training expenses @ Rs. 0.50 per tonne of production during the
period ended on 31.03.2015 amounting to Rs. 3.62 Crores (Previous year Rs. 3.43 Crores), towards contribution to Indian Institute
of Coal Management (IICM) has been included in Training Expenses.
** As per advice received from Coal India Limited, Holding Company, the service charges @ Rs. 5/- per tonne of production of Coal
has been charged.
*** As per advice received from Coal India Limited, Holding Company, the rehabilitation charges @ Rs. 6/- per tonne of dispatch has
been charged.
**** Bank Charges includes Rs. 3934/- incurred on account of 8.5% Tax Free U P Special Bond .
134
2.43
1.91
3.74
8.27
Welfare Expenses
(0.65)
Repairs
Contractual Expenses
Other Expenditure
0.84
(1.89)
3.82
0.89
Depreciation
TOTAL (A)
(10.29)
(3.20)
12.27
(B) Income
Other Income
TOTAL (B)
TOTAL ( A-B )
21.59
0.43
(0.32)
21.27
0.43
(24.47)
135
11.84
Accounting Convention :
2.3
1.1
Use of estimate
2.0
2.1
Fixed Assets:
3.1 Land:
136
Development:
6.0
Inventories:
6.1
5.0
Investments:
137
Depreciation:
7.1
Telecommunication Equipment
Photocopying Machine
7.5
7.6
7.7
8.0
Impairment of Asset:
: 6 & 9 years
: 4 years
Fax Machine
: 3 years
Mobile Phone
: 3 years
: 3 years
: 19 years
: 5 years
LHD (equipment)
: 6 years
7.2
7.3
138
9.1
9.2
11.0
11.1 Sales
a) Revenue in respect of sales is
recognised when the property in the
goods with the risks and rewards
of ownership are transferred to the
buyer.
11.2 Dividend
12.0
139
Taxation:
Provision of current income tax is made
in accordance with the Income Tax Act.,
1961. Deferred tax liabilities and assets
are recognised at substantively enacted
tax rates, subject to the consideration of
prudence, on timing difference, being the
difference between taxable income and
accounting income that originate in one
period and are capable of reversal in one
or more subsequent period.
14.0
Provision:
15.0
Contingent Liability :
Permissible limits of
variance
II
Quantum
(in Mill.Cu.
Mtr.)
Less than 1
Mill. CUM
+/- 5%
0.03
Between 1
and 5
Mill. CUM
+/- 3%
0.20
More than 5
Mill. CUM
+/- 2%
Nil
140
1. BACKGROUND
2.
I.
(Rs. In Crores)
PARTICULARS
GRATUITY
(FUNDED)
LEAVE
ENCASHMENT
(UNFUNDED)
OTHER
EMPLOYEE
BENEFIT
(UNFUNDED)
Actuarial
Valuation as on
31.03.2015
646.90
234.76
115.49
Actuarial
Valuation as on
31.03.2014
618.37
214.04
109.84
Net
Incremental
Liability for
Current period
28.53
20.72
5.65
141
(Rs. In Crores)
Particulars
As at
31/03/2015
As at
31/03/2014
34.30
31.48
NIL
NIL
Interest Cost
47.02
50.25
51.68
53.99
Curtailment Cost
NIL
NIL
(27.76)
Settlement Cost
NIL
NIL
618.37
1.41
(30.45)
31.05
(2.71)
As at 31/03/2015
As at 31/03/2014
P r e s e n t Va l u e o f
Obligation at Beginning
of year
618.37
617.95
Interest Cost
47.02
50.25
34.30
31.48
Benefits Paid
61.19
53.55
Actuarial gain/loss on
Obligations
8.40
P r e s e n t Va l u e o f
Obligation at end of Year
646.90
(Rs. In Crores)
Particulars
Current Service Cost
Past Service Cost
(Rs. In Crores)
Particulars
As at 31/03/2015
As at 31/03/2014
645.94
635.15
Acquisition Adjustment
NIL
NIL
Expected Return on
Plan Asset
51.68
53.99
Contributions
45.00
7.66
Benefits Paid
61.19
53.55
6.97
2.70
688.40
As at 31/03/2015
Mortality Table
Superannuation
Age
645.94
618.37
688.40
645.94
Funded Status
41.51
27.57
Unrecognized
actuarial gain/ loss
at end of the year
NIL
NIL
41.51
3 between 29 and 45
3 between 29 and
45
1 below age 29
1 below age 29
Inflation Rate
6.25
6.25
Return on Asset
8.50
8.50
12
12
(Rs. In Crores)
646.90
6 above age 45
8.50
FORMULA USED
Present Value of
Obligation at end
year
6 above age 45
8.50
60
Discount Rate
Remaining Working
Life
As at 31/03/2015
60
Particulars
As at 31/03/2014
Particulars
Opening
Liability
Net
Expenses as above
Contributions
27.57
142
As at 31/03/2015
As at 31/03/2014
(27.57)
(17.20)
31.06
(2.71)
44.5
7.66
(41.51)
(27.57)
Closing Fund/
Provision at end of
Year
646.90
618.37
(Rs. In Crores)
Particulars
(Rs. In Crores)
Particulars
P r e s e n t Va l u e
of Obligation at
Beginning of year
Interest Cost
Current Service
Cost
Benefits Paid
Actuarial gain/loss
on Obligations
Present Value of
Obligation at end
of Year
As at 31/03/2015
As at 31/03/2014
Expenses as above
61.94
53.66
As at 31/03/2015
As at 31/03/2014
61.94
53.66
214.04
194.80
15.47
15.10
Closing Fund/
Provision at end of
Year
234.76
214.04
22.75
30.05
41.22
34.42
23.72
8.51
234.76
214.04
II.
III.
(Rs. In Crores)
Particulars
Current Service Cost
Interest Cost
Actuarial gain/loss recognized
in the year
Expense Recognized in
Statement of Profit/Loss
As at
31/03/2015
22.75
15.47
As at
31/03/2014
30.05
15.10
23.72
8.51
61.94
53.66
Mortality Table
As at 31/03/2014
Superannuation Age
60
60
10 PER THOUSAND
P.A
10 PER THOUSAND
P.A
6 above age 45
6 above age 45
3 between 29 and
45
3 between 29 and
45
1 below age 29
1 below age 29
Discount Rate
8.50
8.50
Inflation Rate
6.25
6.25
Remaining Working
Life
FORMULA USED
(Rs. In Crores)
Particulars
Particulars
Return on Asset
Directors Remuneration:
Chairman-cumManaging Director
Functional Directors
0.10
0.07
0.61
0.86
Provident
Fund
0.01
0.01
0.07
0.09
Perquisites
0.06
0.07
PRP
12
12
Retirement
Benefits
0.20
Sitting fees
0.07
0.10
143
As on
31.03.2015
As on
31.03.2014
114.13
108.46
64.00
61.51
Total
178.13
169.97
325.58
186.83
266.02
325.15
Total
591.60
511.98
413.47
342.01
2.
V.
VI.
(Rs. In Crores)
Particulars
4,563.99
4,563.99
912.53
912.53
618.37
89.71
61.18
646.90
737.92
165.27
164.81
Land Revenue
117.05
117.05
214.04
61.94
41.22
234.76
109.84
30.39
24.74
115.49
1,646.00
1,646.00
Wealth Tax
0.50
1.25
0.50
1.25
48.60
68.49
55.62
61.47
162.28
27.93
(4.33)
194.54
51.44
11.67
39.77
5,405.14
2.07
2.07
24.05
24.05
40.34
325.54
2.78
Others*
Total
977.03
327.56
118.91
(25.96)
472.43
653.68
60.11
5.98
707.81
52.57
12.00
5.39
59.18
3. GENERAL
CWIP
1.41
2.22
0.04
3.59
17.00
16.65
0.35
(A)
0.12
0.12
27.12
3.33
0.35
46.64
43.66
9.43
3193.68
4,428.11
6.46
5012.38
2.25
72.69
2022.54
64.67
3267.21
1040.06
(Rs. In Crores)
Income Tax
As on
31.03.2014
Contractual Works
Provision
As on
31.03.2015
144
(C)
(D)
(E)
(F)
(Rs. in Crores)
As on
31.03.15
As on
31.03.14
0.40
0.49
(a)
(b)
(c)
(e)
(f)
(d)
b)
c)
d)
(L)
(M)
(N)
(O)
(H)
(I)
(J)
(K)
(i)
Licensed Capacity
Not applicable
(ii)
Installed Capacity
(iii)
Production of Coal.
(iv)
Production of
deshaled Coal.
(Included in (iii)
above)
(P)
Current year
Previous year
NIL
NIL
(Rs. In Crores)
S.
No.
For the
year ended
31.03.2015
For the
year ended
31.03.2014
92.26
126.80
Capital Goods
1.83
ii)
322.72
iii)
355.19
iv)
Travelling Expenses
0.01
0.08
v)
Interest/Commitment/
Agency charges etc. of
IBRD/JBIC
8.33
i)
Particulars
(T)
(D.K.Sharma)
(P.J.Mohan Rao)
Company Secetary
General Manager(Fin)
(P.S.R.K.Sastry)
Director (Fin) & CFO
DIN-07163164
(T.K.Nag)
Chairman-cum-Managing Director
DIN 02219348
Dated : 25.05.2015
Place : Varanasi.
147
To
The Members of
Northern Coalfields Limited,
Singrauli M.P.
This audit report supersedes the earlier report
dated 25.05.2015 and is being revised in the new
format as per the directions of the Controller &
Auditor General of India vide their letter no 72/
Accts/CIL and its Subsidiary/Third Phase/2014-15
dated 03.06.2015.
Report on the Financial Statements
We have audited the accompanying financial
statements of Northern Coalfields Limited (the
Company), which comprise the Balance Sheet as
at March 31, 2015, and the Statement of Profit and
Loss and Cash Flow Statement for the year then
ended and a summary of significant accounting
policies and other explanatory information in
which are incorporated the accounts of 6 Projects/
Units Viz Kakri ,Bina & Krishnashila, Khadia,
Nigahi,Jayant, Cental Workshop Jayant, audited
by Branch Auditors.
Managements Responsibility for
the Financial Statements
The Companys Board of Directors is responsible
for the matters in section 134(5) of the Companies
Act, 2013 (the Act) with respect to the preparation
of these financial statements that give a true
and fair view of the financial position, financial
performance and cash flows of the Company
in accordance with the accounting principles
generally accepted in India, including the
Accounting Standards specified under Section
133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014. This responsibility also
includes the maintenance of adequate accounting
records in accordance with the provision of the
Act for safeguarding of the assets of the Company
and for preventing and detecting the frauds and
other irregularities; selection and application
of appropriate accounting policies; making
judgments and estimates that are reasonable
148
Opinion
In our opinion and to the best of our information
and according to the explanations given to us,
the aforesaid financial statements, give the
information required by the Act in the manner so
required and give a true and fair view in conformity
with the accounting principles generally accepted
in India;
149
MANAGEMENTS REPLY
B).
a)
a).
b)
VI. GENERAL
Letters of confirmation of Balance have been
sent to creditors/ suppliers/ Sundry Debtors on
balances appeared in our books.
b)
c)
152
g)
Thanking you
Yours Faithfully
FOR PRAKASH & SANTOSH
Chartered Accountants
Sd/(CA Santosh Gupta)
Partner
Membership No. 016304
ICAI Firm Reg. No.000454C
Place: Kanpur
Date: 3rd June, 2015
(T. K. Nag)
Chairman-cum-Managing Director
DIN- 02219348
153
MANAGEMENTS REPLY
This is a statement of fact, calls for no comments
separately.
(b)
(b).
154
(b).
a).
b).
c).
(c).
155
No Comments.
156
Nature of
the Dues
Amount
Period to
which the
amount
Relates
Forum
where
dispute is
pending
Finance
Act, 1994
Interest
and Penalty on
Service
Tax
60.41
01.01.2005
to
29.02.2008
CESTAT,
New Delhi
& Commissioner
(Appeal)
Central
Excise
Act, 1994
Excise
Duty and
Penalty
265.13
2011-12 to
2014-15
CESTAT,
New Delhi
& Commissioner
(Appeal)
Central
Sales Tax
Act/MP
VAT Act/
UP VAT
Act/UP
Cental
Sales Tax/
State VAT
846.60
For Various
Years
At various
forums.
For Various
Years
For
At Various
Forums
A.Y.
2009-10 &
20012-13
A.Y. 201112
A.Y.
2002-03 to
2004-05,
1988, 89,
1990-91
CIT
(Appeals)
jabalpur
ITAT,
Jabalpur
Honble
High Court
MP Entry
Tax Act
193.46
Income
Tax Act
1961
2337.05
910.99
19.17
Total
c).
4632.81
157
Thanking you
Yours Faithfully
FOR PRAKASH & SANTOSH
Chartered Accountants
(T. K. Nag)
Chairman-cum-Managing Director
DIN- 02219348
158
ANNEXURE B
Managements Reply
(T. K. Nag)
Chairman-cum-Managing Director
DIN- 02219348
159
ANNEXURE B
Sub-Direction for audit of companies engaged in coal mining
In respect of NORTHERN COALFIELDS LIMITED
For the Year Ended 31st march 2015
Directions Issued
1. Provisioning done in case
of unpaid amount on GCV
issues may be examined.
Latest GCV dues position of
concerned subsidiaries of CIL
as on 31.03.2015 is required
to be examined.
Management's Reply
With the introduction of Gross Calorific value (GCV) This is a statement of fact, calls
system of grading of coal w.e.f. 1st January 2012, for no comments separately.
supply of coal to NTPC was billed at declared
grade of coal corresponding to the GCV range of
the coal supplied. With effect from October 2012
NTPC released payment based on GCV determined
unilaterally at the receiving end, contrary to the
provision of Fuel Supply Agreement which stipulates
that the GCV is to be determined at the loading end
by joint collection, preparation, testing and analysis
of the coal being supplied.
As a result an amount of Rs. 669.89 Crore (Basic
bill value Rs.643.88 crore and incentive for 2012-13
Rs.26.01 crore) was unilaterally withheld by NTPC for
the period October, 2012 to September, 2013 as on
31.03.2015 from the bills of the Company in respect
of supply of coal, which was against the provision
of FSA. The issue was taken up with the Ministry
of Power through the Ministry of Coal for resolution
which resulted in incorporation of a provision for
third party sample collection, preparation, testing
and analysis at the point of loading in the FSA. Such
third party sampling/analysis was implemented from
October 2013.
For an appropriate resolution of the issue, the Govt.
of India advised for extrapolation of the result of
the third party sampling/analysis during October
December 2013 to the supplies during the past
period from October 2012 to September 2013. On
the basis of this settlement formula an amount of
Rs. 669.89 crore (Basic bill value Rs. 643.88 crore
and incentive for 2012-13 Rs. 26.01 crore) has been
provided in the Accounts upto 31.03.2015.
It may also be confirmed We confirm that annual accounts have been prepared
whether the annual accounts as per the New Companies Act, 2013.
have
been
prepared/
maintained as per the New
Companies Act 2013.
2. Valuation of inventories Inventories have been valued as per AS-2.
with compliance to Accounting
Standard-2 in entirety.
160
Stock measurement has been done keeping in view This is a statement of fact, calls
the contour map and PV of stock measurement for no comments separately.
reports are accompanied by contour map. We have
been explained that new heap wherever created has
got the approval of competent authority.
b) Whether there is age wise Not applicable because non-vendable stock is NIL
analysis of non-vendable
stock of coal? Is there any
substantial variance (beyond
+/- 5%) found on measurement
of non-vendable stock of coal?
If yes, has it been properly
recorded
with
reasons?
Whether valuation of such
stock was as per the laid down
accounting practice by the
competent authority.
c) As per the new policy
adopted by CIL as well as
Government of India, HSD is
to be procured at the projects/
mines at bulk rate. Whether
the contractors who are
purchasing diesel at bulk rate
are allowed price escalation at
bulk rate instead of retail rate.
For new contracts having provision for procurement This is a statement of fact, calls
of HSD at bulk rate, escalation/ descalation is for no comments separately.
provided/ recovered on bulk rate. However, other
older contracts are being governed as per NIT
provisions of retail rate.
3. It may be verified that the Yes, no capital expenditure incurred during the year This is a statement of fact, calls
capital expenditure incurred 2014-15 on assets not belonging to the company.
for no comments separately.
on assets not belonging to the
company has been properly
identified and accounted for
as per established accounting
principles.
161
(T. K. Nag)
Chairman-cum-Managing Director
DIN- 02219348
162
Courts Name
ANNEXURE I
Number of
Cases
01.
Supreme Court
30
02.
306
03.
101
04.
07
05.
45
06.
20
07.
88
39
(iii) Others Dist. Court/ADJ Court, Chandauli, Varanasi, Jamshedpur, Rewa, Ambikapur, Ahmadabad, Allahabad, Deosar, State Forum Lucknow & ALC (c) Satna.
13
(iv) Other Court (Dist. Court Sidhi & Collector of Stamp Duty.)
06
01
08.
Tribunal Under (A&D) Act. 1957 & Various Court relating to R & R Cases
378
09.
CGIT
31
10.
21
Total
1086
163
Sd/Place : Kolkata
( Yashodhara Ray Chaudhuri )
Dated: 09/06/2015
Pr. Director of Commercial Audit &
Ex-officio Member, Audit board-II
Kolkata
164