100th Annual Report 2006-2007 - Tata Steel

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Hundredth annual report 2006-07 SCHEDULE F : INVESTMENTS :— (Item No. 9, Page 120) Schedule forming part of the balance sheet As at 31-3-2006 No. of equity shares of Rupees Rupees Rupees Rupees Face Value of Rs. 10 each crores crores crores crores fully paid-up unless otherwise specified A. LONG TERM INVESTMENTS (At Cost less provision for diminution in value) Trade Investments : SHARES AND DEBENTURES (Quoted) — 1. Tata Motors Ltd. .......................................................... 3,23,78,410 147.03 147.03 2. Tayo Rolls Ltd. .............................................................. 19,99,350 3.36 3.36 3. The Tinplate Company of India Ltd. ............................. 88,75,000 29.68 29.68 4. GKW Ltd. (10,29,996 shares sold during the year) . .. — — — 5. TRF Ltd. ........................................................................ 19,13,314 4.67 4.67 6. Kumardhubi Fireclay and Silica Works Ltd. (Book Value : Re. 1) ...................................................... 1,50,001 — — 7. Housing Development Finance Corporation Ltd. ........ 1,580 0.01 0.01 8. Tata Construction and Projects Ltd. (Book Value : Re. 1) . 5,61,335 — — 9. Indian Steel Rolling Mills Ltd. (Book Value : Re. 1) ....... 3,30,315 — — 10. Wellman Incandescent India Ltd. (Book Value : Re. 1) 8,99,100 — — 11. Nicco Corporation Ltd. (3,15,000 shares sold during the year) ....................... — — 0.18 12. Sanderson Industries Ltd. (Book Value : Re. 1) ........... 2,27,642 — — 13. Tata Construction and Projects Ltd. — 10% Convertible Debentures of Rs. 100 each (Non-Convertible portion) (Book Value : Re. 1) ........................................................ 43,000 — — 14. Tata Metaliks Ltd. ......................................................... 1,17,99,992 11.80 11.80 15. Tata Sponge Iron Ltd. .................................................... 61,19,960 7.20 7.20 16. Standard Chrome Ltd. (Book Value : Re. 1) ................. 5,58,000 — — 17. The Tata Power Company Ltd. .................................... 56,81,818 100.00 100.00 18. Others Rs. 40,272 (31.3.2006 : Rs. 40,272) (See Note 3, Page 134) ............................................... 0.01 0.01 303.76 303.94 SHARES AND DEBENTURES (Unquoted) — 19. Kumardhubi Metal Casting and Engineering Ltd. (Book Value : Re. 1) ...................................................... 10,70,000 — — 20. Tata Industries Ltd. (Face value of Rs. 100 each) ...... 56,28,388 72.23 72.23 21. Tata Services Ltd. (Face value of Rs. 1,000 each) ..... 1,621 0.16 0.16 22. Tata International Ltd. (Face value of Rs. 1,000 each) . 3,740 0.49 0.49 23. Tata Projects Ltd. (Face value of Rs. 100 each) ......... 15,000 0.18 0.18 24. Rallis India Ltd. (7.50% Cumulative Preference shares) ...................................................... 85,00,000 8.50 8.50 25. IFCI Venture Capital Funds Ltd. ..................................... 1,00,000 0.10 0.10 26. Kalinga Aquatics Ltd. (Book Value : Re. 1) ................... 10,49,920 — — 27. Jamshedpur Injection Powder Ltd. .............................. 31,75,000 3.18 3.18 28. Tata Ryerson Ltd. ....................................................... 3,41,25,000 34.12 34.12 29. The Tinplate Company of India Ltd. ........................... 95,17,000 93.41 * 93.38 12.50% Optionally Convertible Redeemable Non- Cumulative Preference Shares (Face value of Rs. 100 each) 30. mjunction Services Ltd. (formerly Metaljunction Services Ltd.) ............................................................... 40,00,000 4.00 4.00 * Includes Rs. 0.03 crore incurred towards stamp duty during the year. Carried forward ... 216.37 303.76 216.34 303.94 132
Schedule forming part of the balance sheet SCHEDULE F : INVESTMENTS :— continued (Item No. 9, Page 120) As at 31-3-2006 No. of equity shares of Rupees Rupees Rupees Rupees Face Value of Rs. 10 each crores crores crores crores fully paid-up unless otherwise specified Brought over ... 216.37 303.76 216.34 303.94 Trade Investments : SHARES AND DEBENTURES (Unquoted) — 31. Tata Teleservices Ltd. ................................................. 13,68,00,456 145.20 145.20 32. Nicco Jubilee Park Ltd. (Book Value : Re.1) ................ 3,40,000 — — 33. The Dhamra Port Company Ltd. ............................. 9,35,59,106 93.56 53.31 (4,02,50,000 shares subscribed during the year) 34. Tata BlueScope Steel Ltd. ............................................ 22,10,00,000 221.00 — (22,10,00,000 shares of Rs. 10 each subscribed during the year) 35. Panatone Finvest Ltd. .................................................. 45,000 0.05 0.05 36. Srutech Tubes (India) Pvt. Ltd. (Book Value : Re.1) .... 30,000 — — 37. Tata Autocomp Systems Ltd. ....................................... 70,00,000 7.00 7.00 (7% Cumulative Redeemable Preference Shares) 38. Tata Teleservices Ltd. (0.10% Redeemable Non-Cumulative Convertible Preference Shares) ...... 6,83,54,569 50.00 50.00 39. Industrial Energy Ltd. ................................................... 2,600 — — (2,600 shares of Rs. 26,000 purchased during the year) 40. Others Rs. 52,095 (31.3.2006 : Rs. 32,495) ............... — — (See Note 4, Page 134) 733.18 471.90 Investments in Subsidiary Companies : SHARES (Unquoted) — 41. Tata Steel (Thailand) Public Company Ltd. ................... 2,10,45,43,058 295.60 279.68 (Face value of THB 1 each) (formerly Millennium Steel Public Co. Ltd.) (Rs. 15.92 crores expenditure incurred during the year in connection with the investment) 42. Kalimati Investment Co. Ltd. ............................................ 1,63,87,469 86.68 86.68 43. Tata Refractories Ltd. ............................................. 1,48,98,360 90.97 90.97 44. The Tata Pigments Ltd. (Face value of Rs. 100 each) 75,000 0.70 0.70 45. Tata Korf Engineering Services Ltd. (Book Value : Re. 1) 2,40,386 — — 46. Tata Incorporated (Face value of US $ 1,000 each) ...... 1,500 1.64 1.64 47. TM International Logistics Ltd. ..................................... 91,80,000 9.18 9.18 48. Lanka Special Steels Ltd. (Face value of LKR 10 each) 25,00,000 1.16 1.16 49. Jamshedpur Utilities & Services Co. Ltd. .................... 3,50,000 0.35 0.35 50. The Indian Steel and Wire Products Ltd. ..................... 54,74,030 — — (Book value : Re. 1) (See Note 6, Page 143) 51. NatSteel Asia Pte Ltd. (2,00,00,000 shares ................ 27,20,00,000 747.02 690.02 subscribed during the year) (Face Value of S$ 1 each) 52. Sila Eastern Ltd. ........................................................... 9,800 0.10 0.10 (Face value of THB 100 each) 53. Hooghly Met Coke & Power Company Ltd. ................ 9,80,48,995 98.05 98.05 54. Tata Steel (KZN) (Pty.) Ltd. ......................................... 9,000 0.01 — (9,000 shares subscribed during the year) 55. Tata Steel Asia Holdings Pte Ltd. ................................ 2,50,000 0.72 — (Face value of S $ 1 each) (2,50,000 shares subscribed during the year) Carried forward... 1332.18 1036.94 1258.53 775.84 133
Page 1 and 2:
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
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Production Highlights • The best
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Aspire with T3 With the objective o
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Operational Highlights NSA increase
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was above the average total score o
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Blast furnaces at Corus’ integrat
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Corus produces strong, light steel
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Corus is British Triathlon’s main
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Review of Corporate Sustainability
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TSRDS focused on popularising repro
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Centenary Year The founder, Jamsetj
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esulting in a reduction in consumpt
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convertible preference shares and a
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expansion of crude steel making cap
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The bulk cargo berths are being des
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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 and 104: Sales of manganese ore in the domes
Page 105 and 106: d) Payments and Provisions to Emplo
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
Page 129 and 130: Schedule forming part of the balanc
Page 133: Schedule forming part of the balanc
Page 141 and 142: Schedules forming part of the balan
Page 143 and 144: SCHEDULE M : NOTES ON BALANCE SHEET
Page 163 and 164: Balance Sheet Abstract and Company'
Page 165 and 166: CAPITAL ACCOUNTS Financial Statisti
Page 167 and 168: Financial Ratios 2006-07 2005-06 20
Page 169 and 170: Name Category No. of Whether No. of
Page 171 and 172: the Tata Code of Conduct, which req
Page 173 and 174: Shareholding of the Directors in th
Page 175 and 176: Committees In addition to the above
Page 177 and 178: employees to report concerns about
Page 179 and 180: Market Information Market Price Dat
Page 181 and 182: Distribution of Shareholding Number
Page 183 and 184: Address for Correspondence : Tata S
Page 185 and 186:
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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