100th Annual Report 2006-2007 - Tata Steel

More documents

Recommendations

Info

International Operations 56 Tata Steel (Thailand) Overview Tata Steel (Thailand) Public Company Limited (TSTH), the largest long steel producer in Thailand, established in 2002 as a holding company consisting of NTS Steel Group (NTS), The Siam Iron and Steel Co. (SISC) and The Siam Construction Steel Co. (SCSC), manufactures long steel products with an installed capacity of 1.7 million tonnes per annum. Production Capacity & Expansion Plans The NTS plans to set up a mini blast furnace (MBF) with an annual production capacity of 500,000 tonnes at an investment of approximately Rs. 455-482 crores (3,400-3,600 million Thai Baht). This project will be the first of its kind in Thailand. The project will be completed by the third quarter of 2008. At present the company produces rebars, wire rods, small sections, special bars and cut and bend products. However, it is also examining the production of mesh bar and other downstream products and services to provide contractors and large scale project accounts with One-Stop Service, which can reduce their time and cost of construction. Production capacity (tonnes per annum) NTS SISC SCSC Total Rebars 400,000 – 500,000 900,000 Wire rods 400,000 230,000 – 630,000 Small Sections – 170,000 – 170,000 Total capacity 800,000 400,000 500,000 1,700,000 Products Rebars: The Company produces round bars and deformed bars in accordance with Thai Industrial Standards Institute (TISI) for the construction industry such as roads, bridges, buildings, houses, etc. Low Carbon Wire rods (LCWR) : They are used as construction parts such as binding wire, nails, wire mesh, galvanised wire, barbed wire, welding wire, cold draw wire, screws and nuts, etc. High Carbon Wire Rods (HCWR) : HCWR are used for manufacture of pre-stressed concrete wires and strands (PC wires and PC strands) and numerous grades of spring, such as compression, extension, torsion, slings, etc. Small Sections: These sections are in various forms such as angles or channels. They are produced in accordance with Thai Industrial Standards Institute and are used in the construction industry such as roof structures, electricity poles, billboards, etc. Special Bars: These round shaped bars are used for manufacture of machineries and equipments and auto parts for cars and motorcycles. Operational Highlights • Dividend paid for the first time since the establishment of the Company at 3% (Thai Baht 0.03 per share). • Refinancing the existing loans which resulted in debt reduction by Rs. 36 crores (Thai Baht 273 million) and also lower financing costs by at least Rs. 26 crores (Thai Baht 200 million) through the remaining debt payment period of 7 years, between 2006 and 2013. • The projects undertaken for the burner system in arc furnaces, fume plant improvement at SCSC and for improved production processes of high-quality wire rods at NTS and SISC were completed. • The Company was classified in the category of “Very Good” companies in the Corporate Governance Report of Thai Listed Companies - 2006 with a total score of 88%, which
was above the average total score of 71% of 402 listed companies. • Reorganisation by adding two new operating units and assigning senior executives to directly supervise its operations in the area of business analysis and engineering and product development. Tata Steel KZN, South Africa • Construction has commmenced at the plant site at Richards Bay of approximately Rs. 400 crores (ZAR 670 million) Ferro Chrome plant of Tata Steel (KZN) (Pty) Ltd. Production Highlights 2004 589 250 36 30 11 916 • The plant is expected to be commissioned in the fourth quarter of 2007 and is expected to have virtually all employees from South Africa and a few from India. 658 259 40 31 14 2005 1002 720 279 28 28 11 2006 1006 0 200 400 600 800 1000 1200 • Tata Steel has committed to making the Richards Bay plant “the cleanest in the world” with state-ofthe-art production processes. Construction work has commenced at Richards Bay Rebars Wire Rods Small Section Special bars Others Production statistics (‘000 tonnes) • The Company adopted improvement initiatives, such as the Total Operational Performance (TOP) for reducing costs, Retail Value Management (RVM) for improving competitive intelligence and customer service and Supply Chain Management, etc. Human Resources TSTH regards its employees as its most valuable human capital. Therefore, TSTH seeks to develop the efficiency, knowledge of all its employees through its developmental programmes, such as On-the-job Training, In-house Training, External Training, Job Rotation, Special Assignments and any other programme deemed appropriate. 57
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: Operational Highlights NSA increase
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 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Schedules forming part of the balan
Page 143 and 144:
SCHEDULE M : NOTES ON BALANCE SHEET
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
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 199 and 200:
Page 201 and 202:
Page 203 and 204:
SCHEDULE N : NOTES TO THE CONSOLIDA
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
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?