100th Annual Report 2006-2007 - Tata Steel

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Management Discussion and Analysis 3. Analysis of the Financial Performance of the Company a) Net sales/Income from operations Figures in Rs. crores FY 2006-07 FY 2005-06 Change Change % Sales of products 19,018.20 16,521.44 2,496.76 15% Sale of power and water 513.96 393.50 120.46 31% Income from services, sale of miscellaneous goods, stores and rent 230.41 229.28 1.13 0% etc. Total sale of products and services 19,762.57 17,144.22 2,618.35 15% Less : Excise Duty 2,210.55 1,928.72 281.83 15% Net sales/income from operations 17,552.02 15,215.50 2,336.52 15% Sale of products and services increased by 15% to Rs. 19,762.57 crores, mainly due to increase in volumes and prices of almost all products of the Company. Steel sales increased by 19% to Rs. 14,511 crores as compared to Rs. 12,220 crores in the previous year. Tubes sales increased by 48% to Rs. 1,276.30 crores. The Ferro Alloys and Minerals division sales increased by 16% to Rs. 1,522.71 crores. The Bearings division sales increased by 25% to Rs. 165.41 crores. b) Purchase of finished and semi finished steel and other products Figures in Rs. crores Purchase of finished, semi-finished steel and other products FY 2006-07 FY 2005-06 Change Change % 450.60 656.08 (205.48) -31% The purchase of finished and semi finished steel and other products were lower by 31% at Rs. 450.60 crores as compared to Rs. 656.08 crores in the previous year. The decrease is mainly on account of lower purchases of metallics during the year in view of increased production of hot metal. c) Raw materials consumed Raw materials consumed Figures in Rs. crores FY 2006-07 FY 2005-06 Change Change % 3,121.46 2,368.30 753.16 32% The raw materials consumed increased by 32% to Rs. 3,121.46 crores as compared to Rs. 2,368.30 crores in the previous year, mainly due to higher consumption of raw materials on account of increased production of saleable steel, and price of imported coal, zinc and imported coke. 102
d) Payments and Provisions to Employees Payments to and provisions for employees Figures in Rs. crores FY 2006-07 FY 2005-06 Change Change % 1,454.83 1,351.51 103.32 8% The staff cost increased by 8% to Rs. 1,454.83 crores as compared to Rs. 1,351.51 crores in the previous year. The increase is mainly due to annual increments, dearness allowance and consequential increase in provisions for gratuity and leave salaries. However, these increases were partly offset by reduction in the manpower by 977 from 38,182 as on 31st March, 2006 to 37,205 as on 31st March, 2007. e) Stores Consumed and Repairs to Machinery Figures in Rs. crores FY 2006-07 FY 2005-06 Change Change % Stores Consumed 1,072.91 737.74 335.17 45% Repairs to Machinery 587.18 624.27 (37.09) -6% The stores consumed increased by 45% to Rs. 1,072.91 crores as compared to Rs. 737.74 crores in the previous year, mainly due to the increase in production and also due to higher purchases of bought out components. The repairs to machinery decreased by 6% to Rs. 587.18 crores as compared to Rs. 624.27 crores in the previous year, mainly due to reduction in the areas of Flat products and iron making stages of the Jamshedpur operations. f) Conversion Charges Figures in Rs. crores FY 2006-07 FY 2005-06 Change Change % Conversion charges 745.16 640.52 104.64 16% The Conversion charges increased by 16% to Rs. 745.16 crores as compared to Rs. 640.52 crores in the previous year, mainly due to the increase in the conversion charges in the Company’s Ferro Alloys and Minerals Division operations from chrome ore and manganese ore to ferro chrome, and silico manganese and ferro manganese, and also due to higher quantities of conversions of hot rolled coils to tinplate products. g) Other Expenses Figures in Rs. crores FY 2006-07 FY 2005-06 Change Change % Other expenses 838.22 751.08 87.14 12% The other expenses increased by 12% to Rs. 838.22 crores as compared to Rs. 751.08 crores in the previous year, mainly due to increase in operations as well as due to higher bank charges incurred in connection with raising new loans during the year. 103
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A Century of Trust 100th Annual Rep
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Tata Steel is Asia’s first and In
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Redefining steel with world-class p
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in a manner that ring-fences the Co
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Board of Directors Mr. R. N. Tata C
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The state-of-the-art Hot Strip Mill
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Distribution of Revenue 2006 - 2007
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1907-2007 JRD Tata with Pandit Jawa
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1907-2007 Tata Steel’s state-of-t
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This photograph taken by a Tata Ste
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Profit Sharing Bonus was granted fo
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A modern swimming pool at the G Tow
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steeljunction in Kolkata - India’
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Tata Steel has introduced high-end
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Tata Structura is a new-age constru
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Shareholder interaction at an Annua
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Within three weeks of the announcem
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It was 1956. The company was faced
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Community and environment : Improvi
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A Critical Care Unit, in the 850-be
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The Tata Steel Family Initiatives F
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The Tata Steel works, mines, collie
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An aerial view of the planned indus
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The Cold Rolling Complex at Jamshed
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1933 Two new roughing and finishing
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From the early days, the Tata Steel
Page 53 and 54: Production Highlights • The best
Page 55 and 56: Aspire with T3 With the objective o
Page 57 and 58: Operational Highlights NSA increase
Page 59 and 60: was above the average total score o
Page 61 and 62: Blast furnaces at Corus’ integrat
Page 63 and 64: Corus produces strong, light steel
Page 65 and 66: Corus is British Triathlon’s main
Page 67 and 68: Review of Corporate Sustainability
Page 69 and 70: TSRDS focused on popularising repro
Page 71 and 72: Centenary Year The founder, Jamsetj
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Page 75 and 76: convertible preference shares and a
Page 77 and 78: expansion of crude steel making cap
Page 79 and 80: The bulk cargo berths are being des
Page 81 and 82: Corporate Governance Pursuant to Cl
Page 83 and 84: Annexure 'A' to Directors’ Report
Page 85 and 86: Form - B Form for disclosure of par
Page 87 and 88: 6 am 2 pm 12 noon 10 am 8 am 8 pm 6
Page 89 and 90: Particulars of technology imported
Page 91 and 92: Management Discussion and Analysis
Page 93 and 94: of 8%. In 2006, China produced 422.
Page 95 and 96: The Company plans to achieve these
Page 97 and 98: I. Strategic Rationale for acquisit
Page 99 and 100: Steelium (India’s first branded c
Page 101 and 102: The “G” Blast Furnace in Jamshe
Page 103: Sales of manganese ore in the domes
Page 107 and 108: m) Stores and Spare Parts and Stock
Page 109 and 110: The Company generated EVA of Rs. 2,
Page 111 and 112: Business and Operational Risk The m
Page 113 and 114: • Raising cost efficient funds fo
Page 115 and 116: Highlights 2006-07 2005-06 Rupees R
Page 117 and 118: Auditors’ Report TO THE MEMBERS O
Page 119 and 120: (b) In our opinion and having regar
Page 121 and 122: (xii) In our opinion and according
Page 123 and 124: Profit and Loss Account for the yea
Page 125 and 126: Cash Flow Statement for the year en
Page 127 and 128: Schedule forming part of the profit
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Page 143 and 144: SCHEDULE M : NOTES ON BALANCE SHEET
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SCHEDULE M : NOTES ON BALANCE SHEET
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Balance Sheet Abstract and Company'
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CAPITAL ACCOUNTS Financial Statisti
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Financial Ratios 2006-07 2005-06 20
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Name Category No. of Whether No. of
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the Tata Code of Conduct, which req
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Shareholding of the Directors in th
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Committees In addition to the above
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employees to report concerns about
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Market Information Market Price Dat
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Distribution of Shareholding Number
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Address for Correspondence : Tata S
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Certificate To the Members of TATA
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Statement pursuant to Section 212(8
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4. Subject to the matters referred
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Consolidated Profit and Loss Accoun
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Consolidated Cash Flow Statement fo
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Schedule forming part of the Consol
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Schedules forming part of the Conso
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SCHEDULE N : NOTES TO THE CONSOLIDA
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The Dimna reservoir near Jamshedpur
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100th Annual Report 2006-2007 - Tata Steel

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