Book English 2011.p65 - Ministry of Textiles

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annual report 2010-11Table 12.5Sl.No. Particulars Cloth Lakh Mtrs.1. Actual for 2009-10 (Audited) 0.592. Provisional 2010-11 upto Nov. 0.033. Projected for 2010-11 0.12Table 12.6Sl.No. Particulars (Rs. in lakhs)1. Actual for 2009-10 (Audited) 3712. Provisional for 2010-11 upto Nov 10 833. Projected for 2010-11 200REASON FOR DELAY INIMPLEMENTATION OF SANCTIONEDSCHEMEThe company had to repay the OTSamount of financial institutions/banksamount to Rs. 4.52 crores/Rs.87.75 croresfrom sale proceeds of surplus land. Thesale of surplus land started at Kanpur andDhariwal. Some properties were sold;whereas in case other properties 25%advance money was received and 75%was to be received on handing overpossession on execution of sale. U.P.State Government did not permit to convertleasehold property into freehold property.In such circumstances BIC Limited couldnot make the payment of SBI OTS amountin full in time nor could generate the fundsfor working capital. Presently full amountof OTS of Bank & FI's has been paidexcept interest of SBI levelled on delayedpayment as stipulated in the SS-02 i.eRs.11.56 core.ACTION TAKEN BY THE COMPANY SOFAR(a)The company has allowed VRS tothe employees 535 nos. identified assurplus and the expenditure of Rs.17.50 crores incurred thereon.(b) The Company has invested in themodernization/renovation Rs. 17.50crores in purchase of new renovationof old machines.(c) BIC released the funds Rs. 92.25crore from sale of assets amountupto March 2009.(d) BIC Limited made the entire paymentof SBI amounting to Rs.87.75 croresagainst OTS amount upto March,2009.(e) BIC made full payment of FinancialInstitutions (OTS amount) Rs. 4.52crores.(f) The company prepared and gotapproved a Modified DraftRehabilitation Scheme from BIFR inits meeting Held on 14.02.2008. Therevised scheme was prepared dulyconsulted with WRA & IFCI as perDirection of MOT for examination inBRPSE costing Rs. 313.90. Thisscheme was approved by BRPSE inits meeting held on 28.07.10 with thestipulation that the figure may beupdated to 31.3.11. Accordingly thesame scheme was revised to Rs.341.60 crore. The details are givenat table 12.7.183
ministry of textilesTable 12.7Scheme submitted to BRPSE and approved on 28.7.2010(** revised as on 21.02.2011)Cost of Scheme MRS Revised** Means of Finance MRS Revised**submittedsubmittedto BRPSEto BRPSECapital 62.9 62.9 Bridge Loan against 151.46 128.60Expendituresale of landVRS 26.9 17.1 Grant for VRS 26.9 17.1(328 (208 from GOIemp.) emp.)Expenditure on 10.0 10.0 Grant for Salary 59.3 78.00marketingfrom GOIInfrastructure(Bridge loan)developmentBrand andShowroomsLand conversion 47.4 47.35 Grant for operating 28.9 66.99cost losses for FY 09-10,2010-11Employee Dues Interest free loan 47.35 47.35from governmentfor Payment ofconversion chargesRetirement Gratuity 5.3 8.04Statutory Dues 5.6 8.61(EPF & ESI)Arrears* 27.0 –Salary payable for – 23.60FY2010-11Dues to subsidiary 4.6 4.6companiesMunicipal Taxes 0.6 0.6Misc. Creditors 2.2 2.1SBI Loan settlement 11.5 11.5NTC Bridge loan 9.3 9.4settlement (alongwith interest)Additional Working 44.0 54.77Capital andcontingencyCash Losses 56.6 77.47Grand Total 313.9 338.04 Grand Total 313.9 338.04184
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www.ministryoftextiles.gov.in
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CONTENTSSl.No. Chapter PageI Highli
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2ministry of textiles
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annual report 2010-11(2002-07), Rs.
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annual report 2010-11iii)iv)value t
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annual report 2010-11Technology Lev
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annual report 2010-11Garmenting Uni
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annual report 2010-11came into effe
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annual report 2010-11Handloom activ
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annual report 2010-11NIFT besides c
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annual report 2010-11CHAPTER IIFUNC
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annual report 2010-11CHAPTER IIFUNC
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annual report 2010-11(ii)(TWRFS), a
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annual report 2010-11(ii)Members of
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annual report 2010-11●information
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annual report 2010-11CHAPTER IIITHE
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annual report 2010-11CHAPTER IIITHE
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annual report 2010-11Table 3.3PRODU
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annual report 2010-11Table 3.4(Rs.
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annual report 2010-11fulfillment by
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annual report 2010-11Table 3.7S. St
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annual report 2010-11Smt. Rita Meno
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annual report 2010-11CHAPTER IVEXPO
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annual report 2010-11CHAPTER IVEXPO
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annual report 2010-11LIBERALISED TR
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annual report 2010-11IMPORT SCENARI
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annual report 2010-11Statutory Stat
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annual report 2010-11Table 4.2Name
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annual report 2010-11up- gradation,
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annual report 2010-11Table 4.6Batch
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annual report 2010-11AwardsThe Scho
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annual report 2010-11Funding Patter
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annual report 2010-11Table 4.8Physi
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annual report 2010-11CHAPTER VTHE C
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annual report 2010-11CHAPTER VTHE C
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annual report 2010-11significant ca
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annual report 2010-11million kgs. f
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annual report 2010-1131.03.2007. Ho
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annual report 2010-11CHAPTER VITHE
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annual report 2010-11CHAPTER VITHE
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annual report 2010-11Table 6.1Year
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annual report 2010-11jute are taken
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annual report 2010-11Table 6.6(Qty
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annual report 2010-11million during
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annual report 2010-11●●engaged
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annual report 2010-11mutation breed
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annual report 2010-11Table 6.16Stat
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annual report 2010-11improvement of
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annual report 2010-11(d)ensuring ra
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annual report 2010-11CHAPTER VIISER
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annual report 2010-11CHAPTER VIISER
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annual report 2010-11projects propo
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annual report 2010-11Table 7.3(Dfls
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annual report 2010-11carpets, etc.
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annual report 2010-11utilized for w
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annual report 2010-11man years/year
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annual report 2010-11Table 7.5Sl. S
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annual report 2010-11CSB during Xth
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annual report 2010-11XIII PHYSICAL
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annual report 2010-11CHAPTER VIIITH
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annual report 2010-11CHAPTER VIIITH
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annual report 2010-11●●●Refre
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annual report 2010-11● Improve fi
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annual report 2010-11CHAPTER IXDECE
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annual report 2010-11CHAPTER IXDECE
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annual report 2010-11revised Scheme
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annual report 2010-11Offices & Head
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Page 156 and 157: annual report 2010-11The following
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Page 162 and 163: annual report 2010-11C. Marketing i
Page 164 and 165: annual report 2010-11HUMAN RESOURCE
Page 166 and 167: annual report 2010-11●Organising
Page 168 and 169: annual report 2010-11The product sp
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annual report 2010-11Sector, Appare
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annual report 2010-11Government Sch
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annual report 2010-11●Yarn Bank:
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annual report 2010-11CHAPTER XIVCIT
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annual report 2010-11CHAPTER XIVCIT
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annual report 2010-11In the event o
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annual report 2010-11Stakeholders/C
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annual report 2010-11S.No.Table 14.
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annual report 2010-11CHAPTER XVWELF
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annual report 2010-11CHAPTER XVWELF
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annual report 2010-11CHAPTER XVITEX
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annual report 2010-11CHAPTER XVITEX
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annual report 2010-11Table 16.42009
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annual report 2010-11CHAPTER XVIIGE
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annual report 2010-11CHAPTER XVIIGE
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annual report 2010-11CHAPTER XVIIII
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annual report 2010-11CHAPTER XVIIII
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annual report 2010-11sophisticated
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annual report 2010-11CHAPTER XIXVIG
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annual report 2010-11CHAPTER XIXVIG
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annual report 2010-11CHAPTER XXOBSE
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annual report 2010-11CHAPTER XXOBSE
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annual report 2010-11●●cent to
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annual report 2010-11S. Report No.
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annual report 2010-11CHAPTER XXIPER
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annual report 2010-11CHAPTER XXIPER
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