100th Annual Report 2006-2007 - Tata Steel

More documents

Recommendations

Info

Hundredth annual report 2006-07 In terms of the said Code, a Committee has been constituted on 30th May, 2002, called Ethics and Compliance Committee. The composition of the Ethics and Compliance Committee is given below : Names of Members Mr. Ishaat Hussain, Chairman Mr. Suresh Krishna, Member Category Professional, Not Independent, Non-Executive Independent, Non-Executive The Board has also appointed the Vice President (Finance) as the Compliance Officer to ensure compliance and effective implementation of the Regulations and also the Code across the Company. No meeting of the Ethics and Compliance Committee was held during 2006-07. During the year under review, the Compliance Officer submitted Monthly Committee Report of the Tata Code of Conduct for Prevention of Insider Trading to the Board of Directors. 6. General Body Meetings a) Location and time, where last three Annual General Meetings (AGMs) were held: Financial Year Details of Location Date & Time 2005-06 Birla Matushri Sabhagar, 5th July, 2006 at 11.00 a.m. 2004-05 19, Sir Vithaldas Thackersey Marg, 27th July, 2005 at 3.30 p.m. 2003-04 Mumbai 400 020. 22nd July, 2004 at 3.30 p.m. b) No Extra-Ordinary General Meeting of the shareholders was held during the year. c) No Postal Ballot was conducted during the year. None of the resolutions proposed for the ensuing Annual General Meeting need to be passed by Postal Ballot. d) Special Resolutions passed in previous 3 Annual General Meetings : 174 At the last Annual General Meeting held on 5th July, 2006, Special Resolutions were passed for a) Commission to Directors other than the Managing and Whole-time Directors, b) Increase in the Authorised Share Capital, c) Alteration of the Articles of Association of the Company and d) Raising additional long term funds. The resolutions at items a), b) and c) were passed unanimously. The resolution at item d) was passed by requisite majority. At the Annual General Meeting held on 27th July, 2005, Special Resolution was passed for the Change of Name of the Company from “The Tata Iron and Steel Company Limited” to “Tata Steel Limited”. The resolution was passed unanimously. At the Annual General Meeting held on 22nd July, 2004, Special Resolutions were passed for a) increase in the Authorised Share Capital b) Alteration of the Articles of Association of the Company c) Issue of Bonus Shares d) Appointment of Auditors and e) Appointment of Branch Auditors. The resolutions at items a), b), c) were passed unanimously and the resolutions at items d) and e) were passed by requisite majority. 7. Disclosures i) The Board has received disclosures from key managerial personnel relating to material, financial and commercial transactions where they and/or their relatives have personal interest. There are no materially significant related party transactions which have potential conflict with the interest of the Company at large. ii) The Company has periodically disclosed to the Audit Committee the uses/applications of funds raised during the year through preferential issue of shares and warrants to Tata Sons Ltd. The details of the proceeds and utilisation of the same have been disclosed in the Notes to Accounts. iii) The Company has complied with the requirements of the Stock Exchanges, SEBI and other statutory authorities on all matters relating to capital markets during the last three years. No penalties or strictures have been imposed on the Company by the Stock Exchange, SEBI or other statutory authorities relating to the above. iv) The Company has adopted a Whistle Blower Policy and has established the necessary mechanism in line with clause 7 of the Annexure 1D to Clause 49 of the Listing Agreement with the Stock Exchanges, for
employees to report concerns about unethical behaviour. No personnel has been denied access to the Ethics Counsellor/Chairman of the Audit Committee. v) The Company has fulfilled the following non-mandatory requirements as prescribed in Annexure 1D to Clause 49 of the Listing Agreement with the Stock Exchanges : a) The Company has set up a Remuneration Committee. Please see para 4 for details. b) A half-yearly declaration of financial performance including a summary of the significant events in the six-months period was sent to every shareholder. c) The Company has moved towards a regime of unqualified financial statements. Secretarial Audit A qualified practicing Company Secretary carried out a secretarial audit to reconcile the total admitted capital with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) and the total issued and listed capital. The audit confirms that the total issued/paid up capital is in agreement with the total number of shares in physical form and the total number of dematerialized shares held with NSDL and CDSL. 8. Means of Communication Half-yearly report sent to each household of shareholders – In addition to the results of the Company being published in the newspapers and posted on the website of the Company, half-yearly reports are sent to each household of the shareholders. Results – The quarterly and annual results along with the Segmental Report are generally published in Indian Express, Nava Shakti, Free Press Journal and also displayed on the website of the Company www.tatasteel.com shortly after its submission to the Stock Exchanges. Presentation to Institutional Investors or to analysts – Official news releases and presentations made to Institutional Investors and analysts are posted on the Company’s website. Management Discussion & Analysis Report – The MD&A Report forms a part of the Directors’ Report. All matters pertaining to industry structure and developments, opportunities and threats, segment/product wise performance, outlook, risks and concerns, internal control and systems, etc. are discussed in the said report. Company’s Corporate Website – The Company’s website is a comprehensive reference on Tata Steel’s management, vision, mission, policies, corporate governance, corporate sustainability, investor relations, sales network, updates and news. The section on ‘Investor Relations’ serves to inform the shareholders, by giving complete financial details, shareholding patterns, corporate benefits, information relating to stock exchanges, registrars, share transfer agents and frequently asked questions. Investors can also submit their queries and get feedback through online interactive forms. The section on ‘Newsrooms’ includes all major press reports and releases, awards, campaigns. 9. General Shareholder Information AGM : Date, time & venue – 18.7.2007 at 3.30 p.m. Birla Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg, Mumbai 400 020. As required under Clause 49 IV(G)(i), particulars of Directors seeking reappointment are given in the Explanatory Statement to the Notice of the Annual General Meeting to be held on 18th July, 2007. Financial Calendar – Year ending March 31 AGM July Dividend Payment Generally in July Date of Book Closure – 12th June, 2007 to 22nd June, 2007 (both days inclusive) Dividend Payment Date – The dividend warrants will be posted on or after 18.07.2007. 175
Page 1 and 2:
A Century of Trust 100th Annual Rep
Page 3 and 4:
Tata Steel is Asia’s first and In
Page 5 and 6:
Redefining steel with world-class p
Page 7 and 8:
in a manner that ring-fences the Co
Page 9 and 10:
Board of Directors Mr. R. N. Tata C
Page 11 and 12:
The state-of-the-art Hot Strip Mill
Page 13 and 14:
Distribution of Revenue 2006 - 2007
Page 15 and 16:
1907-2007 JRD Tata with Pandit Jawa
Page 17 and 18:
1907-2007 Tata Steel’s state-of-t
Page 19 and 20:
This photograph taken by a Tata Ste
Page 21 and 22:
Profit Sharing Bonus was granted fo
Page 23 and 24:
A modern swimming pool at the G Tow
Page 25 and 26:
steeljunction in Kolkata - India’
Page 27 and 28:
Tata Steel has introduced high-end
Page 29 and 30:
Tata Structura is a new-age constru
Page 31 and 32:
Shareholder interaction at an Annua
Page 33 and 34:
Within three weeks of the announcem
Page 35 and 36:
It was 1956. The company was faced
Page 37 and 38:
Community and environment : Improvi
Page 39 and 40:
A Critical Care Unit, in the 850-be
Page 41 and 42:
The Tata Steel Family Initiatives F
Page 43 and 44:
The Tata Steel works, mines, collie
Page 45 and 46:
An aerial view of the planned indus
Page 47 and 48:
The Cold Rolling Complex at Jamshed
Page 49 and 50:
1933 Two new roughing and finishing
Page 51 and 52:
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
Page 73 and 74:
esulting in a reduction in consumpt
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 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 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: Committees In addition to the above
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
Page 219 and 220: The Dimna reservoir near Jamshedpur
show all

100th Annual Report 2006-2007 - Tata Steel

Create successful ePaper yourself

Delete template?

Save as template?