906Annual Report 2008-09.pdf - Hindusthan National Glass ...

FORM B
II. Disclosure of particulars with respect to
technology absorption
A. Research and Development (R&D)
Research & Development continues to remain a focal point in
our efforts towards improvement. Energy consumption and
absorption have been principal areas of action. As the Company
does not have any exclusive R&D facilities, it carries out its
developmental activities for process innovation and product
development as a part of its business process.
Benefits Derived
As a result of Company’s continuous growth in Research &
Development, there had been reduction in cost of production.
Future plans of action
The Global Economic scenario makes the year ahead
challenging. The Company is relying on its innovative strengths
in the face of challenges to create strong differentiators for its
customers.
Your Company will continue to invest in R & D activities to
enhance productivity and operational efficiency to create savings
for its customers and increase its profitability.
Expenditure on R&D
During the year, expenditure incurred on Research and
Development are as enumerated below:
(Rs. in lacs)
2008-09 2007-08
a. Capital – –
b. Recurring 38.26 7.91
c. Total 38.26 7.91
d. Total R & D expenditure as
a percentage of the turnover Insignificant Insignificant
B. Technology Absorption, Adaptation and Innovation
Your Company continues to focus on daily innovations in shape
and quality of its product and in energy saving devices. To name
a few, the initiatives taken by the Company and the benefits
derived therefrom in the year under review are:
Two IS Machines which were replaced with latest AIS triple
gob 12 section Machine, optimised Plant performance.
Two New Vacuum Pumps which were installed improved
quality and productivity.
Automatic Moisture Measurement System installed in batch
houses for measurement and correction of silica sand moisture.
On line Oxygen Measurement and Automatic FO/ Combustion
Air Ratio Correction System from STG, were installed to conserve
Furnace oil consumed.
Developed its top geared CAD/CAM facilities to design bottles
in various shapes customised to the requirements of
pharmaceutical, cosmetic, processed food, liquor and soft drinks
industries.
Modern ERP application software like SAP is being installed to
reduce cost and minimise disruptions in the Company’s
operations.
III. Foreign Exchange Earnings and Outgo
Your Company has taken initiatives to strengthen its strategic
presence globally by constantly accessing new sale avenues in
overseas markets of Bangladesh, USA, South Africa, Kenya,
Australia, Hong Kong, to name a few. During the financial year
2008-09 the Company had recorded an increase in export by
Rs. 17.41 Crores. The foreign exchange earnings and outgo of
the Company is detailed below
(Rs. in lacs)
Current year Previous year
(i) Earnings in foreign exchange 5,772.77 4,032.46
(excluding indirect exports of
Rs. 6,538.14 lacs; previous year
Rs. 3,009.80 lacs and exports
to Nepal Rs. 1,419.95 lacs;
previous year Rs. 169.19 lacs)
(ii) Expenditure incurred in
foreign exchange
1. Raw materials 6,489.33 5,698.52
2. Capital goods 5,131.73 1,939.26
3. Components, spare parts 4,894.01 1,497.50
and repairs
4. Other expenses 384.84 272.24
Kolkata
June 20, 2009
For and on behalf of the Board
C. K. Somany
Chairman
Hindusthan National Glass & Industries Limited | 29