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Group. Proactive disclosures were made in line with Section 4(1)(b) of the RTI Act 2005 has been posted and updated onthe website of the Company. Suitable guidelines have been placed on RTI webpage on KIOCL website for convenience ofthe applicants, seeking information. During the year 2012-13 the company received 26 RTI applications, while 2 appealswere filed before the First Appellate Authority. All these applications and appeals were disposed off as per the provisionsof the Act.32. ENERGY CONSERVATIONThe electricity consumption per tonne of Pellet production in kwh was lower during the year as compared to the previousyear in spite of reduced level of production. Energy conservation day was celebrated on 14-12-2012 at Mangalore by theenergy conservation cells of both Pellet plant unit and Blast Furnace unit. Prizes for various competitions like Quiz, Sloganwriting in Kannada, Hindi and English languages were distributed during the celebration. Prizes were awarded for 2 bestslogans in each language. Consultant from M/s PCRA was invited to conduct a training program for all employees on14-12-2012. This was well received by all employees. Electricity consumption during 2012-13 as compared to 2011-12was as under:-2012-13 2011-12Consumption per tonne of Pellets production in kWh (includinggrinding)66.56 70.6233. ENERGY AUDITEnergy audit was conducted at Pellet Plant and Port Facility by M/s. PCRA in two stages in July – 2012 and August –2012. Based on the recommendation, the following EC measures have been implemented.i) Motor on conveyor CB-73 has been downsized to 11KW. Other three conveyors CB71, 72 and 74 will be taken upin due course.ii) Bypass arrangement for BM feed vibrating screen (Banana Screen) will be commissioned by August – 2013.iii)Conventional street lights and other area light are being replaced by LED lights of suitable capacity in a phasedmanner.Already 40 street lights, 75 well glass fittings and 8 highbay fittings have been replaced in various locations in PFareas.iv)LED lights also replaced in some locations in PP and street lights replacement is under progress.34. R&D, TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATIONThe information relating to Technology Absorption, Adaptation and Innovation, R&D and foreign exchange earning &outgo to be disclosed in Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 is given atAnnexure-I.35. PARTICULARS OF EMPLOYEE OF SECTION 217 (2A) OF THE COMPANY READ WITH COMPANIES(PARTICULARS OF EMPLOYEES) AMENDMENT RULES, 2011There was no employee of the Company who received remuneration in excess of the limits prescribed under Section217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Amendment Rules, 2011.KIOCL 3837th Annual Report 2012 - 13
36. ACKNOWLEDGEMENT36.1 Your Directors gratefully acknowledge the support, co-operation and guidance received from the Hon’ble Minister for Steel, theSecretary, Ministry of Steel and other officials of the Ministry of Steel as well as other Ministries of the Government of India,Government of Karnataka, Govt. of Andhra Pradesh and all other departments/agencies concerned in all the endeavours of theCompany.36.2 Your Directors also acknowledge the timely advice and assistance rendered by the Indian Embassies abroad during theyear in the Company’s marketing efforts.36.3 Your Directors sincerely thank all the customers and suppliers for their support and co-operation.36.4 The Directors also appreciate the continued and dedicated efforts put in by all the employees to overcome many challengesfaced during the year.36.5 Last but not the least, your Directors express their gratitude to the Shareholders’ for the confidence reposed by them in themanagement of the Company.For and on behalf of the Board of DirectorsPlace: New DelhiDated:25-07-2013(Malay Chatterjee)Chairman-cum-Managing Director37th Annual Report 2012 - 1339 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 and 14: Company read with Section 260 of th
Page 15 and 16: Participants for shares held in dem
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: Pursuant to Section 260 of the Comp
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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