100th Annual Report 2006-2007 - Tata Steel

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Hundredth annual report 2006-07 Schedules forming part of the Consolidated balance sheet SCHEDULE A : SHARE CAPITAL :— (Item No. 1(a), Page 188) As at 31-3-2006 Rupees Rupees crores crores Authorised : 1,750,000,000 Ordinary Shares of Rs. 10 each................................. 1750.00 600.00 (31.3.2006 : 600,000,000 Ordinary Shares of Rs. 10 each) 25,000,000 Cumulative Redeemable Preference Shares of Rs. 100 each 250.00 250.00 (31.3.2006 : 25,000,000 Ordinary Shares of Rs. 100 each) 2000.00 850.00 Issued : 580,403,477 @ Ordinary Shares of Rs. 10 each (31.3.2006 : 553,403,477 Ordinary Shares of Rs. 10 each) ................ 580.40 553.40 Subscribed : 579,801,401 @ Ordinary Shares of Rs. 10 each fully paid up (31.3.2006 : 579.80 552.80 552,801,401 Ordinary Shares of Rs. 10 each) Add — Amount paid up on 389,516 (31.3.2006 : 389,516) Ordinary Shares forfeited ................................................... 0.20 0.20 @ Excludes 671,455 (31.3.2006 : 671,455) Ordinary Shares held by a Subsidiary. 580.00 553.00 SCHEDULE B : RESERVES AND SURPLUS :— (Item No. 2, Page 188) As at 31-3-2006 Rupees Rupees crores crores (a) Securities Premium Account ..................................................................... 2259.36 829.20 (b) Amalgamation Reserve ............................................................................. 1.12 1.12 (c) Debenture Redemption Reserve .............................................................. 646.00 646.00 (d) Capital Redemption Reserve .................................................................... 20.78 20.78 (e) Capital Reserve ......................................................................................... 15.96 15.96 (f) Capital Reserve (arising on Consolidation) .............................................. 15.91 11.03 (g) General Reserve ....................................................................................... 5931.62 4737.46 (h) Investment Allowance (Utilised) Reserve ................................................ 0.23 0.23 (i) Export Profits Reserve ............................................................................. 1.25 1.25 (j) Foreign Currency Translation Reserve .................................................... (3.76) 11.01 (k) Contributions for Capital Expenditure ....................................................... 42.65 37.06 (l) Contingency Reserve ............................................................................... 100.00 100.00 (m) Debenture Forfeiture Account .................................................................. 0.04 0.04 (n) Special Reserve ........................................................................................ 23.59 19.64 (o) Profit and Loss Account ............................................................................ 4840.39 3298.06 13895.14 9728.84 194
Schedules forming part of the Consolidated balance sheet SCHEDULE C : SECURED LOANS :— (Item No. 6(a), Page 188) As at 31-3-2006 Rupees Rupees crores crores (a) Banks and Financial Institutions ............................................................... — 63.47 (b) Joint Plant Committee-Steel Development Fund [including funded interest Rs. 230.02 crores (31.3.2006 : Rs. 222.32 crores)] ................... 1650.24 1609.25 (c) Privately Placed Non-Convertible Debentures ...................................... 175.00 462.50 (d) International Finance Corporation, Washington - A Loan US $ 100 million equivalent (repayable in foreign currency) ............................................. 435.35 — (e) International Finance Corporation, Washington - B Loan US $ 300 million equivalent (repayable in foreign currency) ............................................. 1306.05 — (f) Working Capital Demand Loan/Term Loans from Banks ........................ 1116.40 295.28 (g) Cash Credits/Packing Credits from Banks .............................................. 273.75 72.21 (h) Government of India .................................................................................. 0.02 0.02 (i) Assets under lease ................................................................................... 4.42 0.66 4961.23 2503.39 SCHEDULE D : UNSECURED LOANS :— (Item No. 6(b), Page 188) As at 31-3-2006 Rupees Rupees crores crores (a) Fixed Deposits (including interest accrued and due) ........................... 24.14 36.94 (b) Housing Development Finance Corporation Ltd. .................................. 8.69 12.35 (c) JPY Syndicated ECB Loan - US $ 495 million equivalent (repayable in foreign currency) ............................................................. 2162.66 — (d) Japan Bank of International Co-operation and various Financial Institutions (repayable in foreign currency) .......................................... 112.43 143.62 (e) Canara Bank, London ECB Loan – US $ 5 million (repayable in foreign currency) ............................................................. 21.77 — (f) Euro Hermes Loans from Deutsche Bank, Frankfurt (repayable in foreign currency) ............................................................. 10.47 — (g) JPY Syndicated Standard Chartered Bank Loan - US $ 750 million equivalent (repayable in foreign currency) ........................................... 3298.88 — (h) Loan facility arranged by Standard Chartered Bank - GBP 235 million equivalent (repayable in foreign currency) * ......................................... 2012.96 — (i) Syndicated loan facility arranged by Standard Chartered Bank - GBP 90 million equivalent (repayable in foreign currency) * ................ 767.08 — (j) Syndicated loan facility arranged by Standard Chartered Bank - GBP 65 million equivalent (repayable in foreign currency) * ................ 554.00 — (k) Syndicated loan facility arranged by Standard Chartered Bank - GBP 200 million equivalent (repayable in foreign currency) * .............. 1704.61 — (l) Syndicated loan facility arranged by ABN Amro Bank N.V. and Standard Chartered Bank - US $ 1,780 million equivalent (repayable in foreign currency) * ........................................................... 8122.23 — (m) Banks and Financial Institutions ............................................................ 1114.18 666.55 (n) Interest Free Loans Under Sales Tax Deferral Scheme ...................... 0.52 0.57 (o) Others ..................................................................................................... 49.68 14.01 19964.30 874.04 * See Note 6 (iii), Page 205 195
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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,
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Business and Operational Risk The m
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• Raising cost efficient funds fo
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Highlights 2006-07 2005-06 Rupees R
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Auditors’ Report TO THE MEMBERS O
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(b) In our opinion and having regar
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(xii) In our opinion and according
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Profit and Loss Account for the yea
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Cash Flow Statement for the year en
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Schedule forming part of the profit
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Schedule forming part of the balanc
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Schedules forming part of the balan
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SCHEDULE M : NOTES ON BALANCE SHEET
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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: Schedule forming part of the Consol
Page 199 and 200: Schedules forming part of the Conso
Page 201 and 202: 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
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100th Annual Report 2006-2007 - Tata Steel

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