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

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Groups on rolls of the Company as on 31.3.2011:Group Total No.of SC ST No.of Ex- Persons withemployees women servicemen Disabilitieson rollsemployeesA 440 53 15 25 01 08B 40 05 01 07 02 --C 792 115 34 17 07 08D 67 15 09 03 -- 03D(Sweepers) 08 07 -- 02 -- --Total 1347 195 59 54 10 1921.4 Voluntary Retirement Scheme:During the year 2010-11 (April 2010 to March 2011), Company has not introduced VRScheme. However, 11 employees whose VR Applications have been accepted during2009-10 were released during 2010-11 on their specific request.21.5 Compliance under Persons with Disabilities Act, 1995Your Company ensures compliance under the Persons with Disabilities Act, 1995.Suitable provision/modification is made in the working place to meet the requirementsof such persons with disability.22. INDUSTRIAL RELATIONS AND EMPLOYEES WELFARE:22.1 The Industrial Relations situation remained peaceful throughout the year in all theestablishments of the Company. Issues relating to productivity, safety, welfare, etc.,are mutually discussed with employee representatives.4022.2 The validity period of Tripartite Wage Agreement entered into with the RecognisedUnion has expired on 31-12-2006. Based on the broad Guidelines provided by theGovernment, a comprehensive settlement with the Recognised Union (KudremukhShram Shakti Sangathan (KSSS) on revision of scales of pay, allowances and perks etc.,effective from 01-01-2007 was signed on 31-08-2010. In addition to introduction ofrevised pay scales, the package also includes improvement in other benefits to theemployees. With the introduction of this package, it is expected that the motivationon the part of the Company’s workforce will improve, leading to more prosperousresults for the Company.
Director's Report (Contd.)Shri TMGK Bhat, Director (Finance) and Shri Venkataraya, General Secretary of Recognised Union, KudremukhShram Shakti Sangathan signing the MOU on revision of Pay scales and Allowances of Workmen of the Company22.3 Right from inception, the Company has provided various amenities to its employees,such as well planned Township, Hospitals, Schools, Recreation, Cable TV Net work,Parks, Temples, Church, Mosque, etc., besides Grant of Scholarships, Reimbursementof School Fees, Uniforms, Children’s Out-station Education Allowance, Entertainment,Magazine and Technical journal allowance etc. 10% of type ‘A’ and ‘B’ quarters and5% of ‘C’ and ‘D’ type quarters are reserved for SC/ST employees.22.4 As in the previous years, Dr. Ambedkar Jayanthi was celebrated at all locations on14th April 2010.23. HUMAN RESOURCE DEVELOPMENT23.1 Human Resource Development is a continuous process. Training and Development ofall levels of employees is given priority by the Company to improve their skills andcontribute productively to the Company. During the year, the achievement in this areawas 1509 Executive trained man days and 2558 Non- Executive trained mandays.23.2 During the year 2010-11, following in-house training programmes were organized forExecutives and Non-executives to enhance their skills and knowledge:Advanced Communication skills, Stress Management, Productivity ImprovementTechniques, Fire Fighting and First Aid, Safety operating procedures, Handling ofproposals and contracts, Basic Computer skills, IRDA Act 1999 etc.23.3 In addition to the above, the Company has sponsored the programmes like InternationalSeminar and Field Workshop on Iron Ore in South India conducted by Delhi University,National Seminar on Explosives and Blasting Techniques for mining, quarrying andinfrastructure industry conducted by NITK, Suratkal etc.41
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 24 and 25: 4.3 The following table summarises
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 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
Page 75 and 76: C. a. Confirmations of Balances hav
Page 77 and 78: Auditors' Report (Contd.)5. a. In o
Page 79 and 80: Auditors'ReportPara No.COMMENTS/OBS
Page 81 and 82: COMMENTS OF THE COMPTROLLER AND AUD
Page 83 and 84: 3.2 Depreciation in respect of Asse
Page 85 and 86: 7.2 Provision for Leave Encashment
Page 87 and 88: Profit and Loss Account for the yea
Page 89 and 90: Schedule 3FIXED ASSETSG R O S S B L
Page 91 and 92: Schedules (Contd.)Schedule 6CURRENT
Page 93 and 94:
Schedules (Contd.)Schedule 7CURRENT
Page 95 and 96:
Schedule 10ACCRETION/(-)DEPLETION T
Page 97 and 98:
Schedules (Contd.)Schedule 14PRIOR
Page 99 and 100:
Schedules (Contd.)Schedule 16NOTES
Page 101 and 102:
5. In pursuance of the directive of
Page 103 and 104:
y the Govt of India and is binding
Page 105 and 106:
Schedules (Contd.)Year ended Year e
Page 107 and 108:
Details of measurement of present v
Page 109 and 110:
TYPE OF PLANLONG TERM COMPENSATEDAB
Page 111 and 112:
TYPE OF PLANLONG TERM COMPENSATEDAB
Page 113 and 114:
Balance Sheet Abstract and Company'
Page 115 and 116:
Cash Flow Statement for the year en
Page 117 and 118:
SEGMENT REPORTING FOR THE YEAR ENDE
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