100th Annual Report 2006-2007 - Tata Steel

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Hundredth annual report 2006-07 SCHEDULE M : NOTES ON BALANCE SHEET AND PROFIT AND LOSS ACCOUNT :– continued 14. (b) Related Party Transactions Rs. crores Transactions Subsidiaries Associates Key Relatives of Key Promoter Grand Total & JVs # Management Management Personnel Personnel Dividend and Fraction Bonus amount paid to Shareholders Tata Sons Ltd. — — — — 144.64 144.64 — — — — 142.44 142.44 Others 0.87 — * ** — 0.87 1.83 1.52 *** **** — 3.35 0.87 — * ** 144.64 145.51 1.83 1.52 *** **** 142.44 145.79 Dividend Income Tata Metaliks Ltd. — 7.08 — — — 7.08 — 7.08 — — — 7.08 Tata Refractories Ltd. 5.68 — — — — 5.68 3.38 — — — — 3.38 The Tinplate Company of India Ltd. — 13.01 — — — 13.01 — — — — — — Others 4.65 10.39 — — — 15.04 4.65 10.87 — — — 15.52 10.33 30.48 — — — 40.81 8.03 17.95 — — — 25.98 Interest Income Kalimati Investment Company Ltd. 5.61 — — — — 5.61 1.08 — — — — 1.08 NatSteel Asia Pte Ltd. 13.36 — — — — 13.36 16.08 — — — — 16.08 Others 0.87 — — — — 0.87 0.51 1.00 — — — 1.51 19.84 — — — — 19.84 17.67 1.00 — — — 18.67 Management Contracts including deputation of employees Tata Sons Ltd. — — — — 37.85 37.85 — — — — 32.62 32.62 — — — — 37.85 37.85 — — — — 32.62 32.62 Finance Provided (including loans and equity contributions in cash or in kind) Tata Steel Asia Holdings Pte. Ltd. 1,524.09 — — — — 1,524.09 — — — — — — Tata BlueScope Steel Ltd. — 231.00 — — — 231.00 — — — — — — Others 517.64 40.72 — — — 558.36 525.74 334.58 — — 0.65 860.97 2,041.73 271.72 — — — 2,313.45 525.74 334.58 — — 0.65 860.97 Unsecured Advances / Deposits Accepted Tata Ryerson Ltd. — 0.06 — — — 0.06 — — — — — — Others ***** — — — — — — 0.09 — — 1.03 1.12 ***** 0.06 — — — 0.06 — 0.09 — — 1.03 1.12 Remuneration Paid Mr. B. Muthuraman — — 2.48 — — 2.48 — — 2.20 — — 2.20 Dr. T. Mukherjee — — 1.98 — — 1.98 — — 1.75 — — 1.75 Mr. A.N. Singh — — 1.41 — — 1.41 — — 1.34 — — 1.34 — — 5.87 — — 5.87 — — 5.29 — — 5.29 Provision for Receivables made during the year Tata Refractories Ltd. 0.09 — — — — 0.09 0.10 — — — — 0.10 The Tinplate Company of India Ltd. — 0.52 — — — 0.52 — — — — — — TRF Ltd. — 0.08 — — — 0.08 — 0.01 — — — 0.01 Others 0.10 0.01 — — — 0.11 0.90 0.04 — — — 0.94 0.19 0.61 — — — 0.80 1.00 0.05 — — — 1.05 152
SCHEDULE M : NOTES ON BALANCE SHEET AND PROFIT AND LOSS ACCOUNT :– continued 14. (b) Related Party Transactions Rs. crores Transactions Subsidiaries Associates Key Relatives of Key Promoter Grand Total & JVs # Management Management Personnel Personnel Bad debts written off The Indian Steel & Wire Products Ltd. 0.20 — — — — 0.20 — — — — — — TRF Ltd. — ****** — — — — — 0.02 — — — 0.02 Others — — — — — — 0.09 0.16 — — — 0.25 0.20 ****** — — — 0.20 0.09 0.18 — — — 0.27 Provision of Diminution in value of Investments made during the year Adityapur Toll Bridge Company Ltd. 0.10 — — — — 0.10 — — — — — — 0.10 — — — — 0.10 — — — — — — Guarantees and Collaterals given during the year Tata Steel (Thailand) Public Company Ltd. 625.59 — — — — 625.59 — — — — — — Tulip UK Holdings (No.1) Ltd. 2,557.05 — — — — 2,557.05 — — — — — — 3,182.64 — — — — 3,182.64 — — — — — — Guarantees Outstanding as at 31.3.2007 Tulip UK Holdings (No.1) Ltd. 2,557.05 — — — — 2,557.05 — — — — — — Others 134.99 96.44 — — — 231.43 — 96.44 — — — 96.44 2,692.04 96.44 — — — 2,788.48 — 96.44 — — — 96.44 Outstanding Receivables as at 31.3.2007 NatSteel Asia Pte. Ltd. 296.12 — — — — 296.12 285.26 — — — — 285.26 Tata Steel Asia Holdings Pte. Ltd. 1,523.37 — — — — 1,523.37 — — — — — — Others 458.07 89.22 0.01 0.01 2.60 549.91 84.53 51.78 0.01 0.01 2.60 138.93 2,277.56 89.22 0.01 0.01 2.60 2,369.40 369.79 51.78 0.01 0.01 2.60 424.19 Provision for Outstanding Receivables as at 31.3.2007 The Indian Steel & Wire Products Ltd. 4.19 — — — — 4.19 7.72 — — — — 7.72 Others 1.34 2.27 — — — 3.61 1.25 2.09 — — — 3.34 5.53 2.27 — — — 7.80 8.97 2.09 — — — 11.06 Outstanding Payables as at 31.3.2007 Jamshedpur Utilities & Services Company Ltd. 67.35 — — — — 67.35 40.04 — — — — 40.04 T M International Logistics Ltd. 18.74 — — — — 18.74 7.47 — — — — 7.47 Tata Sons Ltd. — — — — 41.97 41.97 — — — — 36.70 36.70 Others 17.03 29.06 — — — 46.09 14.95 33.20 — — — 48.15 103.12 29.06 — — 41.97 174.15 62.46 33.20 — — 36.70 132.36 Notes: * Rs. 28,418 ** Rs. 16,770 *** Rs. 28,418 **** Rs. 16,770 ***** Rs. 43,957 ****** Rs. 1,781 # Transactions with Joint Ventures have been disclosed at full value. 153
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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
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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
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Annexure 'A' to Directors’ Report
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Form - B Form for disclosure of par
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6 am 2 pm 12 noon 10 am 8 am 8 pm 6
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Particulars of technology imported
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Management Discussion and Analysis
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of 8%. In 2006, China produced 422.
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The Company plans to achieve these
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I. Strategic Rationale for acquisit
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Steelium (India’s first branded c
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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 141 and 142: Schedules forming part of the balan
Page 143 and 144: SCHEDULE M : NOTES ON BALANCE SHEET
Page 153: 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
Page 187 and 188: Statement pursuant to Section 212(8
Page 189 and 190: 4. Subject to the matters referred
Page 191 and 192: Consolidated Profit and Loss Accoun
Page 193 and 194: Consolidated Cash Flow Statement fo
Page 195 and 196: Schedule forming part of the Consol
Page 197 and 198: Schedules forming part of the Conso
Page 203 and 204: SCHEDULE N : NOTES TO THE CONSOLIDA
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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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