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

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94Schedule 12OTHER EXPENSESYear EndedYear Ended31-03-2011 31-03-2010` in LakhsRent 1,663.74 532.84Rates and Taxes 34.81 47.62Insurance charges 34.69 35.74Travelling expenses 197.58 182.54Repairs and maintenance:Building 283.76 286.88Machinery 863.39 598.92Others 73.62 50.721,220.77 936.52Postage and telephone charges 53.35 50.17Advertisement and publicity 168.23 95.78Expenses on security 1,029.84 1,299.61Auditors' remuneration:Statutory Audit fees 4.50 3.75Tax Audit fees 1.00 1.00Certification charges 0.60 0.60Out-of-Pocket expenses 1.00 1.007.10 6.35Bank charges including discounting of bills 69.53 42.64Entertainment 7.83 6.60Commission/Incentive on sales 25.57 185.58Forest, Ecology & pollution control expenses 33.99 19.78Directors' sitting fees. 8.10 4.90Exchange variation 29.73 0.17Miscellaneous 491.70 486.27Stock shortage written-off 3,353.89 -Less : Provision written back 3,353.89 - - -Provision for surplus stores, DDRS and others 1,861.38 298.83Provision for Inventory- raw materials - 2,115.17TOTAL 6,937.94 6,347.11Schedule 13EXTRAORDINARY ITEMSYear EndedYear Ended31-03-2011 31-03-2010` in LakhsResearch & Development expenditure/(Income) - (1,924.98)Provision -Revaluation of materials as per AS2 - 3,030.68TOTAL - 1,105.70
Schedules (Contd.)Schedule 14PRIOR PERIOD ADJUSTMENTS (NET)Year EndedYear Ended31-03-2011 31-03-2010Expenses Income Expenses Income` in LakhsStores and spares 197.83 - - 0.57Salaries 2,391.49 - - -Other expenses 27.44 - - 24.02Depreciation - 57.71 0.61 -TOTAL 2,616.76 57.71 0.61 24.59NET EXPENSES( )/INCOME 2,559.05 23.98Schedule 15INFORMATION REGARDING CAPACITY, PRODUCTION, STOCKS, CONSUMPTION,VALUE OF IMPORTS, EXPENDITURE AND EARNINGS IN FOREIGN EXCHANGE1. Quantitative Information of Production:Year ended 31st March, 2011Iron ore Concentrate Iron ore Pellets Pig IronQty Value Qty. Value Qty. Value(Million Ton) ( ` in lakhs ) (Million Ton) ( ` in lakhs ) (Million Ton) (` in lakhs)Licenced Capacity Licence not required 4.000 - Licence not required- - (4.000) - - -Installed Capacity 7.500 - 3.500 - 0.216 -(7.500) - (3.500) - (0.216) -Actual Production Nil Nil 2.124 1,78,058.55 - -( Nil ) ( Nil ) (1.273) (73,652.18) (0.062) (14,851.06)Opening Stock Nil Nil 0.057 2,864.11 0.024 5,045.50( Nil ) ( Nil ) (0.240) (8,438.16) (0.056) (10,240.34)Closing Stock Nil Nil 0.091 5,991.52 0.004 550.06( Nil ) ( Nil ) (0.057) (2,864.11) (0.024) (5,045.50)Sales (Gross) Nil Nil 2.090 1,74,931.14 0.020 5,415.21( Nil ) ( Nil ) (1.456) (79,226.23) (0.094) (20,045.90)Note : 1) Pellets include Pellet-fines also.2) Pig Iron includes Auxilliary.3) Previous year's figures indicated in bracket.95
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ContentsBoard of Directors 3Notice
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EXPLANATORY STATEMENT PURSUANT TO S
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Form of ProxyKIOCL LIMITEDRegd. Fol
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Production for Asia was 897.9 milli
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PROJECTS UNDER CONSTRUCTION :In my
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18Captive Iron Ore Mine:The Company
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Directors’ ReportDear Shareholder
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4.3 The following table summarises
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efforts to cool down the overheatin
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Plant at Mangalore, KIOCL has to ge
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Consultant recommended that KIOCL c
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mortar manufacture. This can also b
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Other Mining /Prospecting Leases9.4
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either from the recognised Union or
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Visit of Third Sub-Committee of Par
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Former Secretary (Steel) Shri Atul
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Groups on rolls of the Company as o
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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: Schedule 10ACCRETION/(-)DEPLETION T
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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