Annual Report for the year 2012
Annual Report for the year 2012
Annual Report for the year 2012
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30. MANAGERIAL REMUNERATION*<br />
(Included under Salary, Wages and Allowances-Note - 23 )<br />
Particulars<br />
Year ended<br />
st<br />
31 March<br />
<strong>2012</strong><br />
(AMOUNT IN `)<br />
Year ended<br />
st<br />
31 March<br />
2011<br />
I) TO MANAGING DIRECTOR<br />
a) Remuneration 6,240,000 5,940,000<br />
b) Contribution to Provident Fund 604,800 576,000<br />
c) Leave Travel Allowance 500,000 368,800<br />
7,344,800 6,884,800<br />
II) TO EXECUTIVE DIRECTOR<br />
a) Remuneration 3,696,000 -<br />
b) Contribution to Provident Fund - -<br />
c) Leave Travel Allowance - -<br />
3,696,000 -<br />
a) The remuneration does not include <strong>the</strong> provision made <strong>for</strong> gratuity and leave encashment, as <strong>the</strong>y are determined on an<br />
acturial basis <strong>for</strong> company as a whole.<br />
b) During <strong>the</strong> <strong>year</strong>, remuneration to Managing Director exceeds <strong>the</strong> maximum permissible limits prescribed in Section 269 and<br />
schedule XIII to <strong>the</strong> Companies Act,1956, Company is in <strong>the</strong> process of getting Central Government approval.<br />
31. Capital and o<strong>the</strong>r Commitments<br />
Particulars<br />
Estimated amount of Contracts remaining to be executed on Capital Account<br />
and o<strong>the</strong>rs not provided <strong>for</strong>.<br />
As at<br />
31.03.<strong>2012</strong><br />
(AMOUNT IN `)<br />
As at<br />
31.03.2011<br />
5,937,955 -<br />
32. Contingent Liabilities<br />
Particulars<br />
As at<br />
31.03.<strong>2012</strong><br />
(AMOUNT IN `)<br />
As at<br />
31.03.2011<br />
a) Claims against <strong>the</strong> Company not acknowledged as debts.<br />
b) Corporate guarantee given on behalf of Subsidiary company (including interest)<br />
c) Investments of Company given as security <strong>for</strong> overdraft facility availed by<br />
subsidiary.<br />
d) Claim from ONGC <strong>for</strong> expenses incurred by it in connection with recovery and allied<br />
activities in respect of OEL Vision in distress during July 2006 (Recoverable from<br />
Insurance company).<br />
NIL<br />
NIL<br />
121,194,262 10,221,200<br />
NIL<br />
NIL<br />
30,597,784 30,597,784<br />
33. Segment <strong>Report</strong>ing<br />
a) The Company operates in two business segments viz. Shipping and Logistics. Shipping comprises Charter hire and Logistics<br />
includes Feeder, Domestic and Liner business.<br />
(AMOUNT IN `)<br />
Particulars<br />
Year ended<br />
st<br />
31 March<br />
<strong>2012</strong><br />
Year ended<br />
st<br />
31 March<br />
2011<br />
Revenue by Segment<br />
Shipping - 55,764,205<br />
Logistics (Shipping part) 1,674,079,892 1,195,651,897<br />
O<strong>the</strong>rs 2,845,296 17,345,441<br />
Total Revenue 1,676,925,188 1,268,761,543<br />
24th <strong>Annual</strong> <strong>Report</strong> 2011-12<br />
45
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