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

More documents

Recommendations

Info

5. Disclosuresa) There was no material transaction with the Directors or the Management or theirrelatives that may have potential conflict with the interest of the Company at large.b) Whistle Blower Policy is not a mandatory requirement. Company is yet to frame apolicy in this regard.c) The Company has adopted all suggested items to be included in the Report onCorporate Governance as required under the listing agreement as well as Code ofCorporate Governance issued by DPE.d) None of the Directors on the Board is a member of more than 10 Committees andthe Chairman of more than 5 Committees, across all the Companies (Public Limited)in which he is a Director.e) There is no inter se relationship between Directors of the Company, as per declarationsreceived.f) There has been no instance of the non-compliance by the Company and no penalty orstricture is imposed on the Company by stock exchange (s) or SEBI or any statutoryauthority, on any matters related to capital markets during last three years.g) As on the date of approval of accounts, the number of Independent Director(s) onthe Board of the Company is not sufficient.6. Risk ManagementAs a part of implementation of the guidelines on Corporate Governance issued by DPE, a RiskAssessment and Minimization Policy for drawing of appropriate risk assessment, managementand minimization framework as also internal risk assessment framework, integrated andaligned with Corporate and operational objectives is already put in place in the Company.Same is being reviewed at a periodical interval.7. GENERAL SHAREHOLDERS INFORMATION(i)Disclosure regarding appointment of DirectorsThe Company has provided brief resume(s) of the Directors seeking appointment atthe ensuing Annual General Meeting, in the notice attached with the Annual Report.(ii)Communications to Shareholders58The Company’s quarterly financial results, official news releases and othergeneral information about the Company are uploaded on the Company’s website(www.kioclltd.com). The quarterly financial results of the Company generally publishedin the Financial Express, Business Standard, Mint (all editions) & Samyuktha Karnataka,Udayavani (a regional daily publication from Karnataka).
Corporate Governance (Contd.)(iii) Details of Annual General Meeting(s)Year Location Date Time2009-10 Registered Office, Bangalore 21-07-2010 11.30 hrs2008-09 Registered Office, Bangalore 28-07-2009 12.00 hrs2007-08 Registered Office, Bangalore 30-08-2008 12.00 hrsAll the resolutions set out in the respective notices of last three Annual GeneralMeetings were passed by the shareholders. No Special Resolution was passed at theAnnual General Meeting.An Extra ordinary General Meeting was conducted on 28.1.2011 to alter the existingArticles of Association of the Company, to facilitate dematerialization of Company’sShare as per the provisions of Depositories Act, 1996. The Special Resolution wasapproved by the shareholders.(iv) Financial CalendarThe Company’s financial year is from 1st April to 31st March.(v)Transfer of unpaid/unclaimed dividend amounts to Investor Education &Protection FundPursuant to Section 205C of the Companies Act, 1956, dividend amount(s) remainingunclaimed and unpaid for a period of seven years, from the date they became duefor payment, as required to be transferred to Investor Education & Protection Fundestablished by the Central Government.Members who have so far not en-cashed their dividend warrants are requested towrite to the Company/Registrar to claim the same, to avoid transfer to IEPF. List ofunpaid dividend year wise is available at the Company’s website. Shareholders arerequested to visit the site to know the status. Members are advised that no claim shalllie against the said Fund or the Company for the amounts of dividend so transferredto the said Fund.The Company has transferred unclaimed Dividend amount upto the year 2002-2003to Investor Education & Protection Fund as set up by Government of India.(vi) CEO / CFO CertificationAs required by clause 49 of the Listing Agreement, the CEO/CFO certification isappended as an Annexure to this Report.59
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 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: Corporate Governance (Contd.)Detail
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
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?