100th Annual Report 2006-2007 - Tata Steel

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Caster 3 control room, Port Talbot, UK. Corus Engineering Steels Engineering billet, straight and cooled bar, turned, drawn or ground bar and hot rolled narrow strip Teesside Cast Products Slab and bloom Distribution & Building Systems Division Corus Distribution and Building Systems Service centres, further material processing and building systems Corus International Tailored product and service solutions for international projects and international trade Corus Consulting Consultancy, technology, training and operational assistance to the steel and aluminium indus Aluminium Division Corus Primary Aluminium Extrusion billets, slabs and ingots Innovation and expertise Corus has a policy of collaborative product development with key customers in its principle markets and works with research institutes around the world to develop cuttingedge, innovative technologies. Breaking new ground and collaborating with customers to develop new products and technologies is a field of proven expertise. The goal is to become the best supplier to the best customers. Proof of Corus’ capabilities can be seen in some recent supply contracts such as: • Heathrow Terminal 5, London • Wembley Arch, London • Network Rail, UK • Dream Tower, Jeddah • Wimbledon Centre Court Stadium (Retractable roofing) • Dubai Mall, Dubai • Fusionpolis project, Singapore • JCB Dieselmax speed project Corus has had a business presence in India for many years, for trading and projects. Although Corus supplies only a small amount of steel to the Indian market, Corus Kalzip was recently contracted to supply aluminium roofing to a number of projects in India including: • Infosys Bangalore Foodcourt • NSCI Sports Stadium • Mumbai Terminal T1B • Infosys SDB5 Hyderabad • Amritsar International Airport • RMZ Infinity Bangalore – Software park • Housing Development in Anna Nagar, Chennai Research & Development Corus’ R&D activities continue to generate new ways of responding to the challenges the automotive marketplace poses. The Company has over 950 employees at its research development centres in the UK and the Netherlands. To help automotive manufacturers reduce the weight of their vehicles in order to make them more fuel efficient, Corus is investing to further expand and enhance the Company’s product range and capabilities, including the development of advanced high strength steels for use in lightweight automotive applications. 60
Corus produces strong, light steel for the packaging industry. Rail is manufactured at Hayange, France and at Scunthorpe in the UK. Technology developments for specific markets Many development projects are aimed at tailoring product properties to the needs of specific markets and customers. Construction Following a programme of technical improvements at its Scunthorpe and Teesside plants, Corus introduced a new brand name, ‘Advance’, for its range of structural sections in September 2006. Corus was the first steel company to be allowed to use the CE mark on its sections, as proof of compliance, and all Advance sections carry the mark. Automotive and other transport Automotive is a key market sector for Corus with a large potential for adding customer value, not only by supplying advanced steel grades, but also by collaborating with customers, aiming at early involvement in the design of new car models. An example of how Corus collaborates with key customers, using customer support tools developed over the past few years, is found in the development of Ford’s new Galaxy model range. Corus has been working closely with Ford to help the car maker implement the latest high strength steel grades. Corus has used its material expertise and simulation capabilities to help Ford identify areas where material selection can be optimised for a number of key parts for the rear structure of the new Galaxy. Corus has also employed its unique materials simulation technique named ‘Forming to Crash’ to help Ford engineers evaluate the crash performance of key parts of a vehicle such as the rear longitudinals made from dual phase material during the Galaxy’s development process. Packaging Thinner packaging materials lead to reduced weight and thereby less waste and a lower burden on the environment. Though development potential is gradually decreasing as physical limits of the production processes are being approached, research into possibilities for downgauging continues. As a result of these efforts, at the end of 2005, Corus introduced a uniquely thinner material of 0.18 mm for easy-open, end food cans, that delivered a 10% material saving. Engineering Chain partnerships are one way for Corus to focus development and ensure long term supply relationships. One such partnership between Corus and Wigpool Ltd. for the development of high quality machined components is helping leading motorcycle manufacturer Triumph to stay ahead of its competitors. Corus has worked with Wigpool, one of the UK’s leading contract machinists, to help it select the most appropriate high specification steel grades for its manufacturing process, thereby improving the performance of key components whilst reducing costs. For this purpose, Corus is supplying Wigpool with one of its Hitenspeed easily machinable, high tensile steel grades. Corus people Corus is proud of its international workforce. The individual commitment and complete engagement of 100% of Corus employees in Continuous Improvement is key in translating the benefits of this programme into both operational and financial performance. Corus places the highest value on the health, safety and wellbeing of all employees, on teamwork based on mutual trust and respect, on personal commitment and employee involvement and on conducting business with honesty, integrity and reliability. Corus is committed to the training and development of all its employees. For two years running, in the UK, Corus was included in “The Times Top 100” graduate employers, last issued in September 2006. 61
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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
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: Blast furnaces at Corus’ integrat
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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
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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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Balance Sheet Abstract and Company'
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CAPITAL ACCOUNTS Financial Statisti
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Financial Ratios 2006-07 2005-06 20
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Name Category No. of Whether No. of
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the Tata Code of Conduct, which req
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Shareholding of the Directors in th
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Committees In addition to the above
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employees to report concerns about
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Market Information Market Price Dat
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Distribution of Shareholding Number
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Address for Correspondence : Tata S
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Certificate To the Members of TATA
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Statement pursuant to Section 212(8
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4. Subject to the matters referred
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Consolidated Profit and Loss Accoun
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Consolidated Cash Flow Statement fo
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Schedule forming part of the Consol
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Schedules forming part of the Conso
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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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