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 II) The year end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are given below: As at 31.3.2007 As at 31.3.2006 US Dollar INR US Dollar INR Equivalent Equivalent Equivalent Equivalent (million) (Rs. crores) (million) (Rs. crores) A. Amounts receivable in foreign currency on account of the following: Loans drawn and placed as deposits in JPY/USD 1,662.37 7,234.80 — — Interest receivable on JPY/ USD deposits 4.27 18.58 — — B. Amounts payable in foreign currency on account of the following: Import of goods and services 2.62 11.39 3.96 17.69 Capital imports 8.04 35.02 7.18 32.06 Interest and commitment charges payable 7.49 32.63 0.44 1.96 Loans payable 1,664.21 7,249.75 47.09 210.13 The above disclosures have been made consequent to an announcement by the Institute of Chartered Accountants of India on 2nd December, 2005, which is applicable to the financial periods ending on or after 31st March, 2006. 28. In accordance with the shareholders' approval in the annual general meeting held on 5th July, 2006, the Company has, on a preferential basis, issued the following securities to Tata Sons Limited, in accordance with the provisions of Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 : a) 2,70,00,000 Ordinary Shares of Rs. 10 each at a price of Rs. 516 per share involving an amount of Rs. 1,393.20 crores. b) 2,85,00,000 Warrants, where each Warrant would entitle Tata Sons Limited to subscribe to one Ordinary Share of the Company against payment in cash. As per the SEBI Guidelines, an amount equivalent to 10% of the price i.e. Rs. 51.60 per Warrant has been received from Tata Sons Limited on allotment of the Warrants. The price at which the Warrants will be exercised will be determined in accordance with the SEBI prescribed pricing formula applicable at the time of exercise. Accordingly the outstanding warrants have not been considered for computation of diluted earnings per share. c) Out of the total amount of Rs. 1,540.26 crores received from the preferential issue, Rs. 738.51 crores have been invested in Tata Steel Asia Holdings Pte. Ltd. and the amount is included in advance against application money on investments. The balance amount is included in Investment in Mutual Funds. 29. Previous year’s figures have been recasted/restated wherever necessary. 30. Figures in italics are in respect of the previous year. 160
Balance Sheet Abstract and Company's General Business Profile I. Registration Details Registration No. 260 State Code 11 Balance Sheet Date 31 03 2007 Date Month Year II. Capital raised during the year (Amount in Rs. Thousands) Public Issue Rights Issue Nil Nil Bonus Issue Private Placement Nil 13,932,000 III. IV. Position of Mobilisation and Deployment of Funds (Amount in Rs. Thousands) Total Liabilities Total Assets 255,974,953 255,974,953 Sources of Funds Paid-up Capital Reserves & Surplus 5,806,675 133,684,209 Secured Loans Unsecured Loans 37,589,207 58,864,122 Other Liabilities 20,030,740 Application of Funds Net Fixed Assets Investments 110,405,583 61,061,816 Net Current Assets Misc. Expenditure 82,482,256 2,025,298 Performance of the Company (Amount in Rs. Thousands) Turnover Total Expenditure 179,856,915 115,719,419 Exceptional Items Profit/(Loss) Before Tax (1,520,960) 62,616,536 Profit/(Loss) After Tax Earnings per Share in Rs. 42,221,496 (Weighted Average) 73.76 Dividend rate % 155 V. Generic Names of Principal Products/Services of Company (as per monetary terms) Item Code No. (ITC Code) 72082600 Product Description Flat Rolled Products of Non Alloy Steel of a width of 600 mm and more hot rolled coils of thickness 1.66 mm to 12 mm Item Code No. (ITC Code) 73045901 Product Description Tubes/Pipes etc. of circular section with outer diameter upto 114.3 mm, not cold rolled Item Code No. (ITC Code) 72091600/72091700 Product Description Flat Rolled Products of Iron or Non Alloy Steel, of a width of 600 mm or more, cold rolled (cold-reduced), not clad, plated or coated of a thickness of 0.5 mm or more but less than 3 mm 161
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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
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Sales of manganese ore in the domes
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d) Payments and Provisions to Emplo
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m) Stores and Spare Parts and Stock
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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 161: SCHEDULE M : NOTES ON BALANCE SHEET
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
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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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