Annual Report 2011 - Ballarpur Industries Limited

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ConsoLIDATeD sCheDuLes "A" To "L" attached to and forming part of the balance sheet as at June 30, 2011 sCheDuLe "C": seCureD LoAns notes All Amount in indiAn Rupees thousAnds except shARe dAtA 30.06.2011 30.06.2010 Debentures (1) 8,100,000 900,000 Term Loans from Banks / Financial Institutions including external Commercial Borrowings (2) 14,617,561 19,704,357 Loan from Others (3) 147,476 29,073 22,865,037 20,633,430 notes 1. These comprise of :- (a) The above Debentures are secured by parri-passu first charge created on all immoveable and moveable properties of the respective Companies both present and future except Non Convertible Debentures (NCD's) worth rs. 250 Crores placed by ICICI issued by Bilt Graphic Paper Products Limited (BGPPL) which is secured by first parri-passu charge on all the moveable properties of BGPPL both present and future. (b) The Debentures referred to above are redeemable at par, in one or more instalments, on various dates with earliest redemption being on 31st July 2011 and the last being due on 30th June 2013, in case of Ballarpur Industries Ltd and 29th September, 2017 in case of BGPPL. The amount of Debentures due for redemption for the financial year 2011-12 is rs. 3000 lacs. 2. The above Term loans & eCBs are secured by parri-passu first charge created/to be created on all immovable and moveable properties of the respective Companies both present and future except eCB from hSBC and CITI Bank, borrowed by Ballarpur Industries Ltd, which is secured by the first parri-passu charged on all the moveable properties of the Company both present and future. In case of Sabah Forest Industries Sdn. Bhd. (SFI) additional security by way of second pari passu charge over current assets, parri-passu charge over receivables Account from the sale of pulp from the new capacity and assignment of BGPPL - SFI Offtake agreement. 3. (a) "Loan from Others" includes Cash credit & working capital loan relating to "Premier Tissues (India) Limited" which is secured by way of charge on the Current assets of the Company. (b) "Loan from Others" includes hire Purchase Loan relating to SFI, which is secured by charge over the assets under hire-purchase. 30.06.2011 30.06.2010 sCheDuLe "D": unseCureD LoAns Compulsory Convertable Debentures – 4,648,160 Fixed Deposits * 5,091 10,237 Loan from Banks 12,270,538 4,980,285 Zero Coupon Convertible Bonds (uS $ 52mn) – 2,264,600 Zero Coupon Compulsory Convertible Bonds (uS $ 15mn) 681,258 697,224 Loan from Others – 2,682,279 unsecured Non Convertible Debentures 2,500,000 – 15,456,887 15,282,785 * unclaimed matured deposits which will be credited to Investor education and Protection fund. The actual amount to be transferred to the Fund will be determined on respective due dates. Consolidated FinanCials 83
ConsoLIDATeD sCheDuLes "A" To "L" attached to and forming part of the balance sheet as at June 30, 2011 All Amount in indiAn Rupees thousAnds except shARe dAtA sCheDuLe "e": FIXeD AsseTs Assets Gross Block Depreciation Block net Block As at on Additions/ sales/ Translation Total As at on For the on sales, Translation Total As at As at 1st July, Acquisition Adjustments Adjustments reserve as at 1st July, Acquisition year Adjustments reserve as at 30th June, 30th June, 2010 of during the & Disposals 30th June, 2010 of & Disposals 30th June, 2011 2010 subsidiary year during the 2011 subsidiary during the 2011 year year 84 Ballarpur industries limited i annual report 2010-11 A. Tangible Assets Land (including leasehold 1,096,831 1,255 4,490 – 23,348 1,125,924 69,562 – 10,437 – 2,952 82,951 1,042,973 1,027,269 lands) Buildings 8,044,424 82,338 124,302 12,910 190,340 8,428,494 3,453,937 9,571 262,774 4,553 130,449 3,852,178 4,576,316 4,590,487 1,930 – – – – 1,930 1,179 – 104 – – 1,283 647 751 railway Sidings, Trolley Lines, Tramway and Tipping Tubs 62,340,235 264,787 1,182,542 85,988 844,938 64,546,514 19,969,840 58,209 2,764,388 41,218 532,864 23,284,083 41,262,431 42,370,395 Plant, Machinery & equipments 557,436 15,078 30,862 2,416 13,478 614,438 380,230 3,889 36,004 1,399 12,157 430,881 183,557 177,206 Furniture, Fixtures and Office equipments Improvement to Leased Assets 130,522 – – – – 130,522 57,466 – 462 – – 57,928 72,594 73,056 Vehicles 235,171 9,859 12,936 820 4,998 262,144 123,391 2,679 23,744 527 3,892 153,179 108,965 111,780 Plantation 3,080,956 – 395,831 – 137,269 3,614,056 494,780 – 203,430 – 22,682 720,892 2,893,164 2,586,176 B. Intangible Assets erP Project 586,649 – – – – 586,649 464,799 – 75,055 – – 539,854 46,795 121,850 TOTAL: This Year 76,074,154 373,317 1,750,963 102,134 1,214,371 79,310,671 25,015,184 74,348 3,376,398 47,697 704,996 29,123,229 50,187,442 51,058,970 TOTAL: Previous Year 65,259,567 – 9,798,386 52,555 1,068,756 76,074,154 21,399,701 – 3,048,375 46,349 613,457 25,015,184 Scrap Assets 1,116 1,405 50,188,558 51,060,375 notes 1. Buildings include rs. 38,969 thousands (Previous year rs. 38,969 thousands) towards revalued value of ownership flats in Co-operative housing Societies. 2. The Lease-Agreement in respect of 5.04 Acres of Land of unit Sewa in possession of the Company are yet to be executed in favour of the Company. 3. Depreciation during the year include : - rs. 11,818 thousands (Previous Year rs. 13,647 thousands) charged to Inventories. - rs. 11,263 thousands (Previous Year rs. 14,664 thousands) charged to Plantation. - rs. 1,980 thousands (Previous Year rs. 1,211 thousands) allocated to Project Development expenditure.
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contents 02 financials 52 board of
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company information listing on stoc
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PAPER PRODUcTION (in mt) CAGR 14.24
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InDeeD, aS I wrIte this letter to y
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onds) and is listed on the Singapor
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DurIng the fIrSt half of CY 2011, t
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India is highly fragmented with a m
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the mill has further reduced by 22.
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ha in 2010-11 with more than 800 ha
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Capacity expansion The status of ca
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TABLE 1 ABRIDGED PROfIT AND LOSS ST
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empowerment backed by strategic eng
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anIl D KhartoDe BhIgwan, pune Anil
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Veena chouDhary Illur VIllage, aSht
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indicators 2010-11 cOMMUNITY MOBILI
Page 32 and 33:
BIlt IS leD By a strong and indepen
Page 34 and 35: TABLE 3 cOMPOSITION Of BOARD-LEVEL
Page 36 and 37: TABLE 4 DETAILS Of GENERAL MEETINGS
Page 38 and 39: cHART A BILT’S SHARE PERfORMANcE
Page 40 and 41: directors’ report Your Directors
Page 42 and 43: Rs. 66.67 Crore. PTIL is one of the
Page 44 and 45: which were filed on 22 December 201
Page 46 and 47: c. Back water tank pump supplying w
Page 48 and 49: 4. 7. Potential CDM projects/ Carbo
Page 50 and 51: to the members of ballarpur industr
Page 52 and 53: ANNExURE 1 in RS lACS Name of Statu
Page 54 and 55: PROFIt & lOSS accOUnt for the year
Page 56 and 57: ScheDUleS "a" tO "l" attached to an
Page 68 and 69: ScheDUleS "I" tO "VIII" attached to
Page 76 and 77: StateMent UnDeR SectIOn 212 OF the
Page 78 and 79: AuDITors’ reporT on ConsoLIDATeD
Page 80 and 81: ConsoLIDATeD proFIT & Loss ACCounT
Page 82 and 83: ConsoLIDATeD sCheDuLes "A" To "L" a
Page 90 and 91: ConsoLIDATeD sCheDuLes "I" To "VIII
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Annual Report 2011 - Ballarpur Industries Limited

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