Download the Annual Report for 2010-11. - kiocl limited

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4.3 The following table summarises the production performance during the last threeyears:-PP : Pellet plant, PI : Pig Iron(Qty. In million tonnes)Year MOU target Actual production Capacity utilisation ofinstalled capacity in %PP PI PP PI PP PI2008-09 2.850 0.196 1.316 0.118 38 552009-10 2.650 0.170 1.273 0.062 36 292010-11 2.780 0.100 2.124 - 61 -4.4 The production performance in respect of Pellets and Pig Iron (in thousand dry metrictonnes) for the last three years is reproduced below in a graphic form:-225.0 MARKETING AND EXPORTS:During the year, Pellets was supplied to China, Australia and domestic buyers. Pig Iron &Auxiliary were supplied to the buyers in the Domestic market. Sales in the DTA represented56% of the total sale of Pellets in quantitative terms and 57% in monetary terms.5.1 Details of shipments made during the year to various customers are as under:-(In Dry Metric Tonnes)PelletsExport salesChina 872901Australia 47270DTA salesIspat Industries Ltd 269436Essar Steel Ltd 726018Welspun Power & Steel Limited 82876Bhushan Power & Steel Ltd 91766Total 209026716934 tonnes of Pig Iron and 3391 tonnes of Auxiliary materials was sold in thedomestic market during the year.
5.2 Sales performance during the past three years is summarised below:-Qty: in Million Tonnes,Value: ` In LakhsYear Pellets Pig Iron TotalQty Value Qty Value Qty Value2008-09 1.131 99410 0.074 23488 1.205 1228982009-10 1.456 79226 0.094 20046 1.550 992722010-11 2.090 174931 0.020 5415 2.110 180346Pellets includes Pellet Fines, Pig Iron includes AuxiliaryDirector's Report (Contd.)5.3 Despatches in terms of quantity (in thousand dry metric tonnes) during the last threeyears are represented in graphic form below:-5.4 During the year 44 shipments of Pellets sailed through New Mangalore Port as comparedto 32 during 2009-10.5.5 In the Central Budget 2011-12, export duty on Pellets was removed. This has comeinto force w.e.f. 1st March 2011. The exemption of Pellets from export duty will helpthe Company to improve its top & bottom line growth in years to come.5.6 Market Scenario – 2011-12 : 2010 witnessed continued recovery in demand forsteel which began in the second half of 2009 driven by stimulus packages globally, theresilience of emerging economies and overall market recovery. The apparent steelusage grew by 13.2% in 2010 and is expected to see a further growth of about 5.9%during 2011. In 2012, it is expected that world steel demand will grow further by6.0% to reach a new record of 1,441 million metric tonne (mmt).China’s apparent steel use in 2011 is expected to increase by 5.0% to 605 mmtfollowing 5.1% growth in 2010. However, it is expected that the Chinese government’s23
Page 3: ContentsBoard of Directors 3Notice
Page 10 and 11: EXPLANATORY STATEMENT PURSUANT TO S
Page 13: Form of ProxyKIOCL LIMITEDRegd. Fol
Page 16 and 17: Production for Asia was 897.9 milli
Page 18 and 19: PROJECTS UNDER CONSTRUCTION :In my
Page 20 and 21: 18Captive Iron Ore Mine:The Company
Page 22 and 23: Directors’ ReportDear Shareholder
Page 26 and 27: efforts to cool down the overheatin
Page 28 and 29: Plant at Mangalore, KIOCL has to ge
Page 30 and 31: Consultant recommended that KIOCL c
Page 32 and 33: mortar manufacture. This can also b
Page 34 and 35: Other Mining /Prospecting Leases9.4
Page 36 and 37: either from the recognised Union or
Page 38 and 39: Visit of Third Sub-Committee of Par
Page 40 and 41: Former Secretary (Steel) Shri Atul
Page 42 and 43: Groups on rolls of the Company as o
Page 44 and 45: 23.4 Your Company has also nominate
Page 46 and 47: 25.3 Inspections: 7 CTE type inspec
Page 48 and 49: 27. BOARD OF DIRECTORSAppointmenti)
Page 50 and 51: energy audit to quantify the target
Page 53 and 54: Annexure-IICORPORATE GOVERNANCECOMP
Page 55 and 56: is not practical to send the releva
Page 57 and 58: Corporate Governance (Contd.)c) To
Page 59 and 60: Corporate Governance (Contd.)Detail
Page 61 and 62: Corporate Governance (Contd.)(iii)
Page 63 and 64: Corporate Governance (Contd.)(xii)
Page 65 and 66: Corporate Governance (Contd.)(xx) R
Page 67 and 68: WeaknessCorporate Governance (Contd
Page 69 and 70: Corporate Governance (Contd.)local
Page 71 and 72: KIOCL Limited(Formerly Kudremukh Ir
Page 73 and 74: Annexure-IIIASA & ASSOCIATESCharter
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C. a. Confirmations of Balances hav
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Auditors' Report (Contd.)5. a. In o
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Auditors'ReportPara No.COMMENTS/OBS
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COMMENTS OF THE COMPTROLLER AND AUD
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3.2 Depreciation in respect of Asse
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7.2 Provision for Leave Encashment
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Profit and Loss Account for the yea
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Schedule 3FIXED ASSETSG R O S S B L
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Schedules (Contd.)Schedule 6CURRENT
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Schedules (Contd.)Schedule 7CURRENT
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Schedule 10ACCRETION/(-)DEPLETION T
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Schedules (Contd.)Schedule 14PRIOR
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Schedules (Contd.)Schedule 16NOTES
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5. In pursuance of the directive of
Page 103 and 104:
y the Govt of India and is binding
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Schedules (Contd.)Year ended Year e
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Details of measurement of present v
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TYPE OF PLANLONG TERM COMPENSATEDAB
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TYPE OF PLANLONG TERM COMPENSATEDAB
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Balance Sheet Abstract and Company'
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Cash Flow Statement for the year en
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SEGMENT REPORTING FOR THE YEAR ENDE
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