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

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(xvii) Dematerialization of SharesAs per the directives of Securities & Exchange Board of India (SEBI), the Equity sharesof the Company are compulsorily traded in dematerialized form for all the categoriesof shareholders. Accordingly, the Company has entered into Tripartite Agreementswith both the Depository i.e. National Securities Depositories Limited and CentralDepository Services (India) Limited (NSDL & CDSL) and our Registrar and TransferAgent M/s Integrated Enterprises (India) Ltd. (earlier known as Alpha Systems Pvt.Ltd). The ISIN number allotted for the shares of the Company by both Depositoriesis INE880L01014.Considering the advantages of scrip less trading, shareholders holding shares in physicalform should consider dematerialization of their holding. We request the shareholdersto open demat accounts with Depository Participant (DP) and convert their physicalholding to electronic mode. The latest list of DP can be obtained from the websiteof NSDL & CDSL such as: www.nsdl.co.in & www.cdslindia.com .In case you require any assistance / clarification in this regard, you arewelcome to contact Secretary’s Department at the Registered Office,II Block, Koramangala, Bangalore – 560 034, Phone No.080-25531525, or byemail: bsecretary@kudreore.com or the Registrar and Transfer Agents, M/s IntegratedEnterprises (India) Ltd., 30, Ramana Residency, 4th cross, Sampige Road, Malleswaram,Bangalore – 560003, 080-23460815-818, or by email: alfint@vsnl.com.(xviii) Green Initiative in the Corporate Governance.As per Circular No. 17/95/2011-CL.V dated 29-04-2011 issued by Ministry of CorporateAffairs, Govt of India, has taken a “Green Initiative in the Corporate Governance” byallowing paperless compliances by Companies. Accordingly Annual Report of a Companycan be sent to its members as required under Section 219 of the Companies Act 1956by E-mail. Therefore Members are requested to furnish their e-mail Id to Companyor the concerned depository. The Members who are holding Shares in Physical formare requested to register their E-Mail Id with the Company Secretary or the Registrars(M/s Integrated Enterprises India Limited) and those Members who are holding Sharesin Demat form are required to deposit their E-Mail Id to their Depository participants.(xix) Outstanding GDRs/ADRs/WarrantsThere are no outstanding GDR’s/ADR’s/warrant’s or any convertible instruments.62
Corporate Governance (Contd.)(xx) Registered Office:KIOCL LimitedII Block, Koramangala,Bangalore – 560034, KarnatakaPhone: 080-25531461-470Fax: 080-25532153-5941Website: www.kioclltd.com(xxi) Plant LocationsThe Company’s plants are located at Kudremukh, Chickmagalur District and Mangalorein Dakshina Kannada District in the State of Karnataka.(xxii) Compliance CertificateAs required under clause 49 of the listing agreement, the certificate from StatutoryAuditors pertaining to compliance of conditions of Corporate Governance is beingannexed with the Directors Report.This report duly complies with the requirements of Guidelines on CorporateGovernance for CPSEs and covers all the suggested items mentioned in Annexure-VIIof the Guidelines. The quarterly report on compliance with the Corporate Governancerequirements prescribed by DPE is also sent to Administrative Ministry regularly.NON-MANDATORY REQUIREMENTS1. Chairman of the BoardThe Chairman-cum-managing Director of the Company, who is in whole time employment,is the Chairman of the Board. Therefore, there is no need for maintenance of a separateChairman’s office.2. Remuneration CommitteeExplained in Para 2(B) of Corporate Governance Report.3. Shareholders RightsThe quarterly, half yearly and yearly financial results are published in the newspapers. Theseresults are also uploaded on the website of the Company. Half yearly results are not sentto the shareholder of the Company.4. Audit qualificationsThere is no audit qualification.5. Training of Board MembersAn induction programme at the project site along with the site visits were organized forthe Independent Directors newly joined.63
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 and 60: Corporate Governance (Contd.)Detail
Page 61 and 62: Corporate Governance (Contd.)(iii)
Page 63: Corporate Governance (Contd.)(xii)
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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