Download the Annual Report 2012-13. - kiocl limited

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NOTE:1. A MEMBER ENTITLED TO ATTEND AND VOTE ATTHE MEETING IS ENTITLED TO APPOINT ONE ORMORE PROXIES TO ATTEND AND VOTE INSTEAD OFHIMSELF/HERSELF AND THE PROXY NEED NOT BE AMEMBER. THE INSTRUMENT APPOINTING A PROXYIN ORDER TO BE VALID MUST BE DULY FILLED INALL RESPECTS AND SHOULD BE DEPOSITED AT THEREGISTERED OFFICE OF THE COMPANY NOT LATERTHAN FORTY-EIGHT HOURS (48 HOURS) BEFORE THECOMMENCEMENT OF THE MEETING. BLANK PROXYFORM IS ENCLOSED.2. Relevant Explanatory Statement pursuant to Section173(2) of the Companies Act, 1956, in respect of theSpecial Businesses, set out above is annexed hereto.3. Shri Vinai Kumar Agarwal retires by rotation and beingeligible, offers himself for re-appointment. However,as per the terms of appointment, the tenure of ShriVinai Kumar Agarwal as Director of the Company willexpire on 01.08.2014.4. In pursuance to Section 260 of the CompaniesAct, 1956 S/Shri S. Manoharan, P.K. Bajaj andDr. S. Raghunath were appointed as AdditionalDirectors on the Board of KIOCL Limited who shall holdoffice only upto the date of the next AGM. The Boardhas recommended their appointment. However, asper the appointment order No.5(8)/2011-KDH-(i),(ii)& (iii) dated 5th July 2013 the aforesaid Directorsare appointed for a period of three years with effectfrom the date of notification of the appointment or untilfurther orders, whichever is earlier.5. Brief resume of the Directors proposed for appointmentand re-appointment as mandated under clause 49 ofthe Listing Agreement with the Stock Exchanges isannexed hereto and form part of the Notice.6. The Register of Members and Share Transfer Booksof the Company will remain closed from 27th August2013 to 30th August 2013 (both days inclusive)for determining the names of members eligible fordividend of Equity Shares, if declared at the Meeting.7. The Board had recommended a dividend of 1% ofthe Paid up Equity Share Capital (Re.0.10 per share)at its meeting held on 15.05.2013. The dividend, ifapproved, by the Members at the said Annual GeneralMeeting, will be payable within 30 days from thedate of declaration of dividend i.e. on or before 28thSeptember 2013 to those shareholders whose nameappear on the Register of Members of the Companyafter giving effect to all valid share transfers in physicalform lodged with the Company on or before 27thAugust 2013 and the respective Beneficial Owners asat the close of business hours on 27th August 2013 asper details thereof to be furnished by the depositories.8. Share Transfer documents and all correspondencerelating thereto, should be addressed to the Registrarand Transfer Agent of the Company – M/s IntegratedEnterprise (India) Limited, 30, Ramana Residency,4th cross, Sampige Road, Malleswaram, Bangalore –560003, Phone No. 080-23460815-818, or by email:alfint@vsnl.com. Integrated is also the depositoryinterface of the Company with both NSDL and CDSL.However, keeping in view the convenience of theshareholders, documents relating to shares will also beaccepted at the Registered Office of the Company at IIBlock, Koramangala, Bangalore - 560034, Ph No.080-25531525; E-mail:bsecretary@kudreore.com.9. The Company has designated an exclusive e-mailID i.e. bsecretary@kudreore.com for redressal ofshareholders/investors complaints/grievances. Incase you have any queries/complaints or grievances,then please write to us at the above mentioned e-mailaddress.10. Members holding shares in electronic form may pleasenote that the bank account details and 9-digit MICRCode of their Bankers, as noted in the records of theirdepository, shall be used for the purpose of remittanceof dividend through Electronic Clearing Services(ECS) or for printing on dividend warrants whereverapplicable. Members are therefore requested to updatetheir bank account particulars, change of addressand other details with their respective DepositoryKIOCL 1237th Annual Report 2012 - 13
Participants for shares held in demat mode and to theRegistrar and Share Transfer Agent for shares held inphysical form.11. Reserve Bank of India is providing ECS facility forpayment of dividend in selected cities. Membersholding shares in physical form are advised to submitparticulars of their bank account, viz., name andaddress of the branch of the bank, 9 digit MICR Codeof the branch, type of account and account numberlatest by 2nd September 2013, to M/s IntegratedEnterprise (India) Limited.12. Pursuant to the provisions of Section 205A(5) and205C of the Companies Act, 1956, the Company hastransferred the unpaid or unclaimed dividends for thefinancial year 2005-06 (2nd Interim Dividend), tothe Investor Education & Protection Fund (the IEPF)established by the Central Government.13. The Securities & Exchange Board of India (SEBI) hasmandated the submission of Permanent AccountNumber (PAN) by every participant in securitiesmarket. Members holding shares in electronicform are, therefore, requested to submit the PANto their Depository Participants with whom they aremaintaining their demat accounts. Members holdingshares in physical form can submit their PAN detailsto the Company/ Registrar and Transfer Agents.14. Members who hold shares in physical form in multiplefolios in identical names or joint holding in the sameorder of names are requested to send the sharecertificate to M/s Integrated Enterprise (India) Limitedfor consolidation into a single folio.15. In terms of Section 109A of the Companies Act,1956, nomination facility is available to individualshareholders. Members holding shares in physicalform may nominate a person in respect of all the sharesheld by them whether singly or jointly. Members whohold shares in individual name are advised to availof the nomination facility by filing Form No.2B intheir own interest. Blank form can be obtained fromM/s Integrated Enterprise (India) Limited on request.Members holding shares in dematerialized formmay contact their respective DP’s for registration ornomination.16. Pursuant to Section 619(2) read with Section 224(8)(aa) of the Companies Act, 1956, the Auditorsof a Government Company are appointed or reappointedby the Comptroller & Auditor Generalof India (C&AG) and their remuneration is fixed bythe Company in the Annual General Meeting. TheGeneral Meeting may authorize the Board to fix upan appropriate remuneration of Auditors for the year2013-14 as may be deemed fit by the Board.17. Company’s shares are available in dematerialized formwith National Securities Depository Limited (NSDL)and Central Depository Services (India) Limited(CDSL). The ISIN number allotted to the Company’sshare is - ISIN-INE880L01014. Members are advisedto get in touch with the Depository participant (DP)/Registrar and Transfer Agent for further details.37th Annual Report 2012 - 1313 KIOCL
Page 3: CONTENTS37th Annual Report 2012 - 1
Page 6 and 7: KIOCL 437th Annual Report 2012 - 13
Page 9 and 10: CHAIRMAN’S STATEMENTAnnual Report
Page 11 and 12: Forest granted environmental cleara
Page 13: Company read with Section 260 of th
Page 17 and 18: Thakral holds office till the date
Page 19 and 20: ANNEXUREBRIEF RESUME AND OTHER INFO
Page 21 and 22: 3.0 SEGMENT-WISE PERFORMANCE3.1 Pel
Page 23 and 24: 4.3 Despatches in terms of quantity
Page 25 and 26: 6.0 RATING OF KIOCL VIS-A-VIS MOU T
Page 27 and 28: 8.1 MOU with M/s Andhra Pradesh Min
Page 29 and 30: 11. ENVIRONMENTAL MANAGEMENT11.1 Yo
Page 31 and 32: while recognizing the interest of i
Page 33 and 34: 17.1 Your Company is committed to u
Page 35 and 36: 20. HUMAN RESOURCE DEVELOPMENTHuman
Page 37 and 38: 24. SUSTAINABILITYSustainability is
Page 39 and 40: Pursuant to Section 260 of the Comp
Page 41 and 42: 36. ACKNOWLEDGEMENT36.1 Your Direct
Page 43 and 44: 3. Future plan of action a) The act
Page 45 and 46: The Board also reviews periodically
Page 47 and 48: Directors to oversee the financial
Page 49 and 50: The composition of the Empowered Bo
Page 51 and 52: 4. DIRECTORS SHAREHOLDINGThe follow
Page 53 and 54: (ix)Approval of Members through Pos
Page 55 and 56: (xx) Shareholders Pattern as on 31.
Page 57 and 58: MANAGEMENT DISCUSSION AND ANALYSISi
Page 59 and 60: The Company had initiated action fo
Page 61 and 62: IX.CODE OF CONDUCT - CLAUSE 49 I (D
Page 63 and 64: Appendix - III to Annexure-IISNM &
Page 65 and 66:
E. Qualified OpinionIn our opinion
Page 67 and 68:
9. a. According to the information
Page 69 and 70:
COMMENTS / OBSERVATIONSCOMMENTS/ OB
Page 71 and 72:
BALANCE SHEETBalance Sheet as at Ma
Page 73 and 74:
CASH FLOW STATEMENTCASH FLOW STATEM
Page 75 and 76:
NOTES TO FINANCIAL STATEMENTSNote 1
Page 77 and 78:
6. TAX ON INCOME:6.1 Tax on income
Page 79 and 80:
Note-3.1 : Other Long term liabilit
Page 81 and 82:
FIXED ASSETSSl.No.Description of As
Page 83 and 84:
Note-5.6 :Other non-current assets:
Page 85 and 86:
Note-6.4 :Short-term loans and adva
Page 87 and 88:
Note-9:Changes in inventories of fi
Page 89 and 90:
Note-12: Information regarding valu
Page 91 and 92:
Note 13: Other notes forming part o
Page 93 and 94:
Figures as at the end ofcurrent rep
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Details of measurement of present v
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
SEGMENT REPORTING FOR THE YEAR ENDE
Page 107 and 108:
KIOCL OFFICESLiaison Office :New De
Page 109:
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