annual report - Jindal Group of Companies

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The Company's share of the assets and liabilities as on 31st March, 2011 and share of Income & Expenses for the period endedon that date in respect of joint venture companies (based on their respective audited Balance Sheet as at 31-03-2011) are givenbelow:Amount (In Rs)Particulars 2010-11 2009-10Company's Share 49% 49%AssetsFixed Assets (including CWIP) 6,754,456,550 7,294,291,687Investments 9,957,679 10,029,178Current Assets 719,288,767 705,058,774Total Assets 7,483,702,996 8,009,379,639LiabilitiesShare Capital 496,493,545 500,057,451Other Reserve * (189,493,411) (246,035,926)Profit & Loss Account 1,948,786,200 1,011,469,844Secured Loan 3,274,630,950 4,863,533,337Un-Secured Loan 624,210,029 563,303,726Non Current Liabilities 189,592,431 246,035,926Current Liabilities 1,139,483,252 1,071,015,281Total Liabilities 7,483,702,996 8,009,379,639Income 1,900,581,883 1,879,669,692Expenditure 901,267,860 964,376,499Aggregate amount of Contingent LiabilityIncurred by the Company on account of the Joint Venture Company. 1,894,650,000** 1,908,250,000**Of Joint Venture Company towards SBLC to the extent of Company's share. NIL NILAggregate amount of Commitment on account of Capital Expenditureremaining to be executed (net of advance)Directly by the Company on account of the Joint Venture Company NIL NILCompany's Share in the commitment of Joint Venture Company on account NIL NILof capital expenditures ( Net of advance )* Represents Hedging Reserve created out of MTM provisioning on account of Interest Rate Swap (IRS) transactions.** Also reported at note no. B.2 (iv) of this schedule56
9. Additional Information pursuant to the provisions of paragraph 3 & 4 of Part II of Schedule VI to the Companies Act, 1956(to the extent applicable). Since the Company does not have manufacturing activity, the additional information regardingcapacity and quantitative details are not given.(Amount in Rs.)ItemsYear ended on31.03.2011 31.03.2010% Value % ValueI. VALUE OF IMPORTED & INDIGENOUS STORES & SPARES CONSUMEDImported 62.77 213,557,739 47.44 206,741,657Indigenous 37.23 126,674,313 52.56 229,034,438TOTAL 100.00 340,232,052 100.00 435,776,095II.CIF VALUE OF IMPORTSCapital goods 40,023,411 29,395,323Stores & Spares 183,962,959 189,872,056TOTAL 223,986,370 219,267,379III.EXPENDITURE IN FOREIGN CURRENCY (On accrual basis)Operation Expenses 7,844,528,874 9,365,603,568Interest on Foreign Currency Loan 331,774 2,420,166Travelling Expenses 1,192,904 2,652,811Others 9,211,778 2,354,190TOTAL 7,855,265,330 9,373,030,735IV.EARNING IN FOREIGN CURRENCY (On accrual basis)Service to Oil Sector 10,326,598,505 9,516,131,300Interest on Foreign Currency Loan 18,906,054 15,492,56510. Figures have been rounded off to the nearest rupee.11. Previous year's figures have been re-grouped/ re-arranged/ re-classified wherever considered necessary.12. Schedule 1 to 18 are annexed to and form an integral part of the Balance Sheet as at 31st March, 2011 and Profit & Lossaccounts for the year ended on that date.For S.S.KOTHARI MEHTA & CO.Chartered AccountantsFirm's Regn. No. 000756NK.K. TULSHANPartnerMembership No. 085033Place : GurgaonDated : 3rd August 2011S. N. AJMERACFORAJEEV RANJANCompany SecretaryFor & on Behalf of the BoardD. P. JINDALChairmanRAGHAV JINDALManaging DirectorK. K. KHANDELWALVIJAY KAUSHIKDirectors57
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03During the year, a few majorcontr
Page 7 and 8: Upstream giant, Oil & Natural Gas C
Page 9 and 10: any lost time incident clocking a r
Page 11 and 12: BOARD OF DIRECTORSD.P. JindalRaghav
Page 13 and 14: NOTES:1. A MEMBER ENTITLED TO ATTEN
Page 15 and 16: 10. In case of joint holders attend
Page 17 and 18: DIRECTORS' RESPONSIBILITY STATEMENT
Page 19 and 20: CORPORATE GOVERNANCE REPORTThe purs
Page 21 and 22: The broad terms of reference of Aud
Page 23 and 24: (II) Special Resolutions passed in
Page 25 and 26: Distribution of shareholding as on
Page 27 and 28: CERTIFICATE ON CORPORATE GOVERNANCE
Page 29 and 30: Unlike other parts of the world whe
Page 31 and 32: ANNEXURE TO THE AUDITORS' REPORT(As
Page 33 and 34: 18. According to the information an
Page 35 and 36: PROFIT & LOSS ACCOUNT FOR THE YEAR
Page 37 and 38: SCHEDULES FORMING PART OF THE FINAN
Page 39 and 40: SCHEDULE : 4 - FIXED ASSETS as at 3
Page 41 and 42: As at 31.03.2011As at 31.03.2010Sha
Page 43 and 44: NAME OF THE COMPANY NUMBER OF PURCH
Page 45 and 46: SCHEDULE : 6 - INVENTORIESAs At As
Page 47 and 48: Year Ended Year Ended31.03.2011 31.
Page 49 and 50: h. Revenue RecognitionRevenue is re
Page 51 and 52: B. NOTES ON ACCOUNTS1. Estimated am
Page 53 and 54: (c)Foreign Currency Exposure that a
Page 55 and 56: (v)Investment detailsParticulars(Am
Page 57: 8.6 In view of the Accounting Stand
Page 61 and 62: JINDAL DRILLING & INDUSTRIES LIMITE
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annual report - Jindal Group of Companies

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