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IFFCO Sadan, C-1 District Centre, Saket Place, SaketNew Delhi 110 017, www.iffco.nic.in
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From the Art Collection of IFFCO
Painting by: K. Damodaranfp=dkj % ds nkeksnju
Medium: Acrylic on Canvasek/;e % dSUol ij ,Øsfyd jaxksa ls
Size: 60” x 72”vkdkj % 60” x 72”
IFFCO: Commitment for a Green Future
bQdks % i;kZoj.k ds izfr lefiZr
bQdks ds dyk laxzgky; ls
Shri Srikant Jena, Union Minister of State for Chemicals and Fertilizers,inaugurates a Mega Health Camp organised by IFFCO in Orissa.
Union Minister for Chemicals and Fertilisers Shri M.K. Alagiri presentingthe FAI Award for Improvement in Overall Performance of the ParadeepUnit to Shri K.L. Singh, Director (Tech.) and Shri M.R. Patel, ED, Paradeep.
1
ladYiuk ,oa y{; Vision and Mission 2
funs'kd eaMy Board of Directors 4
CkSadlZ@ys[kkijh{kd Bankers/Auditors 11
la;a=@bQdks ,lksfl,V~l Plants/IFFCO Associates 12
nl o"kksZ adh foÙkh; miyfC/k;k¡ Ten Years’ Financial Highlights 13
egRoiw.kZ foÙkh; lwpd Significant Financial Indicators 14
funs'kdksa dh fjiksVZ Directors’ Report 19
dkjiksjsV xousZUl Corporate Governance 76
ys[kkijh{kdksa dh fjiksVZ Auditors’ Report 82
egRoiw.kZ ys[kk uhfr;ka Significant Accounting Policies 83
rqyu&i= Balance Sheet 89
ykHk&gkfu ys[kk Profit & Loss Account 90
vuqlwfp;ka Schedules 92
udnh izokg dk fooj.k Cash Flow Statement 124
tksM+s x;s ewY; dk fooj.k Value Added Statement 126
mRiknu ,oa fcØh Production and Sales 127
fo"k; lwph Contents
fdlkuksa dh vk; esa fujUrj o`f) ds mn~nss'; ls mUgsa mÙke DokfyVh ds moZjd
miyC/k djkuk ftlls os larqfyr moZjd mi;ksx ds }kjk viuh d`f"k mRikndrk c<+k
ldsa] i;kZoj.k dks LoPN cuk, j[kuk vkSj lgdkjh lfefr;ksa dks vkfFkZd vkSj yksdrkfU=d
:i ls etcwr cukuk ftlls os l'kDr xzkeh.k Hkkjr ds fy, d`"kd leqnk; dks mPp
Lrjh; O;kolkf;d lsok,a miyC/k djk ldsa A
y{;a fdlkuksa dks mfpr le; ij vkSj i;kZIr ek=k esa mÙke DokfyVh ds moZjd miyC/k djkdj
d`f"k mRikndrk esa o`f) djuk A
a la;a=ksa dks ÅtkZ n{k cukuk vkSj ÅtkZ ds laj{k.k ds fy, fofHkUu ;kstukvksa dh fujUrj leh{kk djuk A
a lkekftd Lrj dks Å¡pk mBkus ds mn~ns'; ls LokLF;] lqj{kk] i;kZoj.k vkSj okfudh fodkl ds izfr izfrc)rk A
a lqn`<+ lekt ds fuekZ.k ds fy, lkekftd nkf;Roksa ds izfr izfrc)rk A
a uSfrd ewY;ksa dks izksRlkfgr djrs gq, Vhe Hkkouk] l'kfDrdj.k vkSj ekSfydrk dh laLd`fr dks iksf"kr djuk rkfddeZpkfj;ksa dh {kerk dk fujarj fodkl gks lds vkSj laLFkkxr mn~ns';ksa dks izkIr fd;k tk lds A
a fo'okl] ikjnf'kZrk vkSj ikjLifjd ljksdkj dh dk;Z laLd`fr fodflr djuk ftlls gekjh dk;Ziz.kkyh gekjslnL;ksa dh vkdka{kkvksa ,oa le; dh dlkSVh ij [kjh mrj lds A
a Js"B ewY;ksa dks vk/kkj cukrs gq, ,slk laxBu cukuk ftldk y{; xzkgdksa dks csgrj vkSj Rofjr lsok,a
iznku djuk gksA fl)karksa vkSj dk;Ziz.kkyh esa lkeatL; cukrs gq, ikjnf'kZrk] mÙkjnkf;Ro ,oa lR;fu"Bkds izfr izfrc)rk A
a fo'oluh;] n{k vkSj fdQk;rh izkS|ksfxfd;ksa dk vf/kxzg.k djuk vkSj mUgsa viuh dk;Z iz.kkyh esa 'kkfey djuk A
a de ewY; ij QkLQsfVd moZjdksa dk mRiknu djus ds fy, fons'kksa esa la;qDr m|eksa esa lgHkkfxrk djds dPps ekydh O;oLFkk djuk A
a dksj vkSj uku&dksj lsDVjksa esa fodkl lqfuf'pr djuk A
a ns'k esa lgdkfjrk vkUnksyu dks etcwr cukus dh fn'kk esa vxz.kh lgdkjh lfefr ds :i esa dk;Z djuk A
a laxBu dks xfr'khy cukuk] ubZ pqukSfr;ksa ds vuq:i <kyus ds fy, l'kDr j.kuhfr rS;kj djuk] viuh iwoZ
miyfC/k;ksa vkSj vuqHkoksa ds vk/kkj ij miyC/k voljksa dk leqfpr mi;ksx djuk ftlls vf/kdkf/kd vk;vftZr dh tk lds vkSj lnL;ksa dks 'ks;jksa dk vf/kdre ewY; izkIr gks ldsA
2
To augment the incremental incomes of farmers by helping them to increase
their crop productivity through balanced use of energy efficient fertilisers; maintain
the environmental health; and to make cooperative societies economically and
democratically strong for professionalised services to the farming community to
ensure an empowered rural India.
a To provide to farmers high quality fertilisers in right time and in adequatequantities with an objective to increase crop productivity.
a To make plants energy efficient and continually review various schemesto conserve energy.
a Commitment to health, safety, environment and forestry development toenrich the quality of community life.
a Commitment to social responsibilities for a strong social fabric.
a To institutionalise core values and create a culture of teambuilding, empowerment and innovation which would help in incrementalgrowth of employees and enable achievement of strategic objectives.
a Foster a culture of trust, openness and mutual concern to make working astimulating and challenging experience for stakeholders.
a Building a value driven organisation with an improved and responsivecustomer focus. A true commitment to transparency, accountability andintegrity in principle and practice.
a To acquire, assimilate and adopt reliable, efficient andcost effective technologies.
a Sourcing raw materials for production of phosphatic fertilisers ateconomical cost by entering into Joint Ventures outside India.
a To ensure growth in core and non-core sectors.
a A true cooperative society committed for fostering cooperativemovement in the country. Emerging as dynamic organisation,focussing on strategic strengths, seizing opportunities for generatingand building upon past success, enhancing earnings to maximise theshareholders’ value.
Mission
3
4
v/;{klqjsUnz dqekj tk[kM+
ChairmanSurinder Kumar Jakhar
mik/;{k,u ih iVsy
Vice-ChairmanN.P. Patel
funs'kdizeksn dqekj flag
DirectorPramod Kumar Singh
funs'kd, izoh.k jsM~Mh
DirectorA. Praveen Reddy
funs'kdvfuy efydDirectorAnil Malik
funs'kdizse pUnz eqa’kh
DirectorPrem Chandra Munshi
funs'kd«;Ecdjko th fljlkB
DirectorTryambakrao G. Sirsath
4
funs'kdfoV~ByHkkbZ ,p jknfM;k
DirectorVithalbhai H. Radadia
funs'kd'kh'k iky flag
DirectorSheesh Pal Singh
funs'kdjohUnz izrki flag
DirectorRavindra Pratap Singh
funs'kdcyfoUnj flag udbZ
DirectorBalvinder Singh Nakai
funs'kdds Jhfuokl xkSM+k
DirectorK. Srinivasa Gowda
funs'kdflekpy ik<+hDirector
Simachal Padhy
funs'kdth-,e-/kuat;Director
G.M. Dhananjaya
5
funs'kdMk.W ch ,l fo'oukFku
DirectorDr. B.S. Vishwanathan
funs'kdvkj ds ehukDirector
R.K. Meena
funs'kddkfrZd pUnz ljdkj
DirectorKartick Chandra Sarkar
funs'kdjkt dqekj f=ikBh
DirectorRaj Kumar Tripathi
izca/k funs'kdMk.W mn; 'kadj voLFkh
Managing DirectorDr. U.S. Awasthi
la;qDr izca/k funs”kdjkds'k diwj
Joint Managing DirectorRakesh Kapur
funs'kd ¼rduhdh½ds ,y flag
Director (Tech.)K.L. Singh
funs'kd ¼lgdkfjrk fodkl½Mk.W th ,u lDlSuk
Director (Coop. Development)Dr. G.N. Saxena
5
funs'kdjekdkar HkkxZo
DirectorRamakant Bhargava
funs'kdvadq'kjko vkj Vksis
DirectorAnkushrao R. Tope
funs'kdgjfeUnj flag tLlh
DirectorHarminder Singh Jassi
funs'kdjke pUnzz flag iz/kku
DirectorRam Chandra Singh Pradhan
funs'kdmes'k f=ikBhDirector
Umesh Tripathi
funs”kd ¼,p vkj Mh½vkj ih flag
Director (HRD)R.P. Singh
foi.ku funs”kdvjfcUn jk;
Marketing DirectorArabinda Roy
6
vkj oh xqIrkR.V. Gupta
March ’92 - June ’92
lrchj flag dkfn;kuSatbir Singh Kadian
March ’90 - March ’92
ih jkepUnz jsM~MhP. Ramachandra Reddy
July ’92 - Oct. ’95
lqjsUnz dqekj tk[kM+Surinder Kumar Jakhar
Jan. ’97 - June ’01
Mh ih ;knoD.P. Yadav
Dec. ’95 - Jan. ’97
ds Jhfuokl xkSM+kK. Srinivasa GowdaJune ’01 - May ’04
tloar esgrkJaswant Mehta
Oct. ’73 - May ’75
mn;Hkku flagthUdaybhansinhji
March ’68 - July ’73
dkafryky ,Q f?k;kKantilal F. Ghiya
Nov. ’75 - Oct. ’77
,e Jhfuokl jsM~MhM. Srinivasa ReddyFeb. ’81 - March ’88
czãdqekj HkV~VBrahmakumar BhattOct. ’77 - Feb. ’81
?ku';ke flagGhan Shyam Singh
March ’88 - March ’90
6
7
lh ih ekFkqjC.P. Mathur
March ’90 - April ’91
,e ,p vo/kkuhM.H. Avadhani
Aug. ’83 - March ’90
ch ,y ukjk;.kB.L. Narayana
April ’91 - Jan. ’93
ikWy iksFksuPaul Pothen
March ’68 - July ’80
MkW- th ,l fo|kFkhZDr. G. S. Vidyarthi
March ’83 - April ’83
,y vkj ryokjL.R. Talwar
July ’80 - Nov. ’82
,e ,l pgyM.S. Chahal
April ’83 - Aug. ’83
7
8
,y eq#xIiudk;Zdkjh funs’kd] dkaMyk
L. MurugappanExecutive Director, Kandla
Mh HkV~Vkpk;Zdk;Zdkjh funs’kd ¼,p vkj½ fo- eq[;k-
D. BhattacharyyaExecutive Director (HR), MKCO
lqjthr flagdk;Zdkjh funs’kd] Qwyiqj
Surjit SinghExecutive Director, Phulpur
, ds egs'ojhofj- egkizca/kd] vkaoyk
A.K. MaheshwariSr. Gen. Manager, Aonla
MkW- Mh ds 'kqDykofj"B dk;Zdkjh funs'kd ¼ifjogu½ fo-eq-
Dr. D. K. ShuklaSr. Exec. Director (Tpt.), MKCO
,l lh feÙkyofj- dk;Zdkjh funs’kd ¼,e ,l o vkbZ Vh½ eq0
S.C. MittalSr. Exec. Director (MS & IT), HO
,e vkj iVsydk;Zdkjh funs'kd] ikjknhi
M.R. PatelExecutive Director, Paradeep
ch ds xzksojegkizca/kd ¼vka-ys-i-½] eq0
B.K. GroverGen. Manager (I.A.), HO
ih Vh ijekjegkizca/kd ¼mRik-½] dkaMyk
P.T. ParmarGen. Manager (Prod.), Kandla
'ke'ksj flagegkizca/kd ¼mRik-½] dyksy
Shamsher SinghGen. Manager (Prod.), Kalol
,p Mh feL=hegkizca/kd ¼vuqj{k.k½] dyksy
H.D. Mistry Gen. Manager (Maint.), Kalol
vt; feJkdk;Zdkjh funs’kd] dyksy
Ajay MisraExecutive Director, Kalol
,l ch fjUnkuhofj- dk;Zdkjh funs’kd ¼foÙk½ eq0
S.B. RindaniSr. Executive Director (Fin.), HO
vks ih dFkwfj;kegkizca/kd ¼vuqj{k.k½] Qwyiqj
O.P. KathuriaGen. Manager (Maint.), Phulpur
, ds flagdk;Zdkjh funs’kd ¼rduhdh½] eq0
A.K. SinghExecutive Director (Technical), HO
, Vh dalkjkegkizca/kd ¼fo- o ys-½] ikjknhi
A.T. KansaraGen. Manager (F&A), Paradeep
ih , foYluegkizca/kd ¼mRik-½] ikjknhi
P.A. WilsonGen. Manager (Prod.), Paradeep
fouksn dqekjegkizca/kd ¼vuqj{k.k½] dkaMyk
Vinod KumarGen. Manager (Maint.), Kandla
fczxs- ¼ls-fu-½ Hkkuw ch lwnofj- egkizca/kd] ¼fl-,aM bUVsa ls-½] eq0
Brig. (Retd.) Bhanu B. SudSr. Gen. Manager (Sec. & Admin.), HO
oh eSnhjÙkkofj- egkizca/kd] ¼flLVe½] eq0
V. MedirattaSr. Gen. Manager (Sys.), HO
8
9
jatu f}osnhegkizca/kd¼dk-,oa iz-½] Qwyiqj
Ranjan DwivediGen. Manager (P&A), Phulpur
lquhy dqekj xk¡/khegkizca/kd¼rd-½] ikjknhi
Sunil Kumar GandhiGen. Manager (Tech.), Paradeep
,u vkj ds flUgkla;qDr egkizca/kd ¼ifj-½] eq[;k-
N.R.K. SinhaJt. Gen. Manager (Project), HO
, ds flUgkegkizca/kd¼vuq-½] ikjknhi
A.K. SinhaGen. Manager (Maint.), Paradeep
ch vkj iVsyegkizca/kd ¼ifj-½] dyksy
B.R. PatelGen. Manager (Project), Kalol
ch ch NkcM+kla;qDr egkizca/kd ¼th-bZ½] dyksy
B.B. ChhabdaJt. Gen. Manager (GE), Kalol
Vh ,u xqIrkla;qDr egkizca/kd ¼rd-½] ikjknhi
T.N. GuptaJt. Gen. Manager (Tech.), Paradeep
, bZ dMwla;qDr egkizca/kd ¼vuqj{k.k½] dkaMyk
A.E. KaduJt. Gen. Manager (Maint.), Kandla
ds psyIikla;qDr egkizca/kd ¼vuqj{k.k½] ikjknhi
K. ChellappaJt. Gen. Mgr. (Maint.), Paradeep
,l vkj dq'kokgkla;qDr egkizca/kd ¼lkexzh½] Qwyiqj
S.R. KushwahaJt. Gen. Mgr. (Mtrl), Phulpur
czt fd'kksjla;qDr egkizca/kd ¼rduhdh½] dyksy
Braj KishoreJt. Gen. Manager (Tech.), Kalol
vf[kys'k ih flagla;qDr egkizca/kd ¼bZ- o ,l-½] ikjknhi
Akhilesh P. SinghJt. Gen. Manager (E&S), Paradeep
9
, ds flagla;qDr egkizca/kd ¼;kaf=dh½] dakMyk
A.K. SinghJt. Gen. Manager (Mech.), Kandla
, ch eksVokuhla;qDr egkizca/kd ¼mi½] dyksy
A.B. MotwaniJt. Gen. Manager (Utility), Kalol
MkW- ehuk JhokLrola;qDr egkizca/kd ¼fp-o-Lok-ls-½] vk¡oyk
Dr. (Mrs.) MeenaSrivastava
Jt. Gen. Mgr. (Med & HS), Aonla
, ds HkknqM+hegkizca/kd¼rd-½] vkaoyk
A.K. BhaduriGen. Manager (Tech.), Aonla
ch ch lPpjla;qDr egkizca/kd ¼fo- o ys-½] fo- eq[;k-
B.B. SacharJt. Gen. Manager (F&A), MKCO
fcfjUnj flagegkizca/kd ¼ih-,l-½] eq[;k-
Birinder SinghGen. Manager (P.S.), HO
,l ds canksik/;k;la;qDr egkizca/kd ¼okf.kfT;d½] Qwyiqj
S.K. BandyopadhyayJt. Gen. Manager (Comm.), Phulpur
,l jkepUnzuegkizca/kd¼bEiks o ykWft-½] eq[;k
S. RamachandranGen. Manager (Imp.&Log.), HO
10
th ds xkSrela;qDr egkizca/kd ¼fujh{k.k o ih ,p½] Qwyiqj
G.K. GautamJt. Gen. Manager (Insp. & PH), Phulpur
ds ,u tks'khla;qDr egkizca/kd] vk¡oyk
K.N. JoshiJt. Gen. Manager, Aonla
lanhi vEcsdjla;qDr egkizca/kd ¼vuqj{k.k½] Qwyiqj
Sandeep AmbekarJt. Gen. Manager (Maint.), Phulpur
MkW- Mh ih ik=kla;qDr egkizca/kd ¼foi½] fo- eq[;k-
Dr. D.P. PatraJt. Gen. Mgr. (Mktg.), MKCO
vfuy lkguhla;qDr egkizca/kd ¼fo- o ys-½] dyksy
Anil SahniJt. Gen. Manager (F&A), Kalol
gjHktu flagla;qDr egkizca/kd ¼fo- o ys-½] eq[;k-
Harbhajan SinghJt. Gen. Manager (F&A), HO
, ds ?kks"kla;qDr egkizca/kd ¼fo- o ys-½ eq[;k-
A.K. GhoshJt. Gen. Manager (F&A), HO
ih oh ukjk;.kkla;qDr egkizca/kd ¼izkslsl½] ikjknhi
P.V. NarayanaJt. Gen. Manager (Process), Paradeep
10
, ds prqosZnhla;qDr egkizca/kd] vk¡oyk
A.K. ChaturvediJt. Gen. Manager, Aonla
ts fcÜoklla;qDr egkizca/kd ¼mi-½] vk¡oyk
J. BiswasJt. Gen. Manager (Util.), Aonla
jktho JhokLrola;qDr egkizca/kd ¼mRiknu½] vk¡oyk
Rajiv SrivastavaJt. Gen. Manager (Prod.), Aonla
eqdqy JhokLrola;qDr egkizca/kd ¼mRiknu½] Qwyiqj
Mukul SrivastavaJt. Gen. Manager (Prod.), Phulpur
ts ,u lkgweq[; lrdZrk vf/kdkjh] eq[;k-
J.N. SahuChief Vigilance Officer, HO
;ksxs'k u:ykla;qDr egkizca/kd ¼rduhdh½] Qwyiqj
Yogesh NarulaJt. Gen. Manager (Tech.), Phulpur
,p vkj flagla;qDr egkizca/kd ¼flLVEl½] foi- eq-
H.R. SinghJt. Gen. Manager (Sys.), MKCO
ih lh oekZ]la;qDr egkizca/kd ¼mi½] dkaMyk
P.C. VermaJt. Gen. Manager (Util.), Kandla
oh ts eudksMhla;qDr egkizca/kd ¼fo- o ys-½] dkaMyk
V.J. MankodiJt. Gen. Manager (F&A), Kandla
lqjsUnz flagla;qDr egkizca/kd] vk¡oyk
Surendra SinghJt. Gen. Manager, Aonla
11
iathÑr dk;kZy;bQdks lnu] lh&1] fMfLVªDV lsUVj]lkdsr Iysl] ubZ fnYyh&110 017
cSadlZ
bafM;u vksojlht cSad
Hkkjrh; LVsV cSad
cSad vkQ cM+kSnk
LVSaMMZ pkVsZM cSad
fn egkjk"Vª LVsV dksvkijsfVo cSad fyfeVsM
fn oSLV caxky LVsV dksvkijsfVo cSad fyfeVsM
e/; izns'k LVsV dksvkijsfVo cSad fyfeVsM
fn dukZVd LVsV dksvkijsfVo cSad fyfeVsM
fn iatkc LVsV dksvkijsfVo cSad fyfeVsM
fn gk¡xdk¡x ,aM 'ka?kkbZ cSafdax dkiksZjs'ku fyfeVsM
vkbZlhvkbZlhvkbZ cSad fyfeVsM
vkbZMhchvkbZ cSad fyfeVsM
,pMh,Qlh cSad fyfeVsM
iatkc us'kuy cSad
ys[kkijh{kd
eSllZ ,l ds esgrk ,aM daiuh]lunh ys[kkiky]2682] xyh ua- 2 chMu iqjk]vtey [kka jksM ekdsZV] djksy ckxubZ fnYyh 110 005
eSllZ ,l lh oklqnso ,aM daiuhlunh ys[kkiky]ch&41] iap'khy bUdyso]ubZ fnYyh 110 017
eSllZ v:.k flag ,aM daiuh]lunh ys[kkiky],Q&7] yktir uxj&3ubZ fnYyh 110 024
eSllZZ ts lh HkYyk ,aM dEiuhlunh ys[kkikych&5 lSDVj&6]uks,Mk 201 301
eSllZZ jtuh'k ,lksfl,V~llunh ys[kkiky92 o 87 fMQsal dkyksuh ¶ykbZvksoj ekdsZVubZ fnYyh 110 024
Registered OfficeIFFCO Sadan, C-1, District Centre
Saket Place, New Delhi-110017
Bankers
Indian Overseas Bank
State Bank of India
Bank of Baroda
Standard Chartered Bank
The Maharashtra State Cooperative Bank Ltd.
The West Bengal State Cooperative Bank Ltd.
Madhya Pradesh State Cooperative Bank Ltd.
The Karnataka State Cooperative Bank Ltd.
The Punjab State Cooperative Bank Ltd.
The Hongkong and Shanghai Banking Corporation Ltd.
ICICI Bank Ltd.
IDBI Bank Ltd.
HDFC Bank Ltd.
Punjab National Bank
Auditors
M/s. S.K. Mehta & Co.,Chartered Accountants2682, Gali No. 2, Beadan PuraAjmal Khan Road MarketKarol Bagh New Delhi 110 005
M/s. S.C. Vasudeva & Co.,Chartered AccountantsB-41, Panchsheel EnclaveNew Delhi 110 017
M/s. Arun Singh & Co.,Chartered AccountantsF-7, Lajpat Nagar IIINew Delhi 110 024
M/s. J.C. Bhalla & Co.,Chartered AccountantsB-5, Sector-6NOIDA 201 301
M/s. Rajnish AssociatesChartered Accountants92 & 87, Defence Colony Flyover MarketNew Delhi 110 024
11
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PLANT LOCATIONS
KALOL UNITP.O. KasturinagarDistt. Gandhinagar - 382423(Gujarat)
KANDLA UNITP.O. KandlaGandhidham - 370201Kandla (Kachchh)Gujarat
PHULPUR UNITP.O. GhiyanagarDistt. Allahabad - 212404(Uttar Pradesh)
AONLA UNITP.O. IFFCO TownshipPaul Pothen Nagar,Bareilly - 243403 (U.P.)
PARADEEP UNITVillage: MusadiaP.O. ParadeepDist: Jagatsinghpur - 754142
la;a=
dyksy bdkbZMkd?kj % dLrwjhuxjftyk % xka/khuxj & 382423¼xqtjkr½
dkaMyk bdkbZMkd?kj % dkaMykxka/kh/kke & 370201dakMyk ¼dPN½xqtjkr
Qwyiqj bdkbZMkd?kj % f?k;kuxjftyk % bykgkckn & 212404¼mÙkj izns'k½
vkaoyk bdkbZMkd?kj % bQdks Vkmuf'kiikWy iksFksu uxj]cjsyh & 243403 ¼mÙkj izns'k½
ikjknhi bdkbZxkao % ewlkfn;kMkd?kj % ikjknhiftyk % txrflagiqj& 754142
bQdks ,lksfl,V~l
bQdks Vksfd;ks tujy ba';ksjsal dEiuh fy0
vkseku bafM;k QfVZykbtj dEiuh] ,l,vkslh
tksMZu bafM;k QfVZykbtj dEiuh] ,y-,y-lh-
bQdks NÙkhlx<+ ikoj fy0
bQdks fdlku lapkj fy0
bQdks fdlku ,lbZtSM fy0
baMLVªht+ f'kfed Mw flusxy
fdlku baVjus'kuy VªsfMax] ,QtSMbZ
us'kuy deksfMVh ,aM MsfjosfVOl ,Dlpsat fy0
us'kuy dksysVjy eSusteSaV lfoZflt fy0
bafM;u iksVk'k fy0
bQdks fdlku cktkj fy0
bafM;u QkeZ QksjsLVªh MsoyiesaV dksvkijsfVo fy0
bQdks QkmaMs'ku
dksvkijsfVo :jy MsoyiesaV VªLV
bQdks fdlku lsok VªLV
xzkseSDl ,xzh dkWiksZ-
vfj;k dSfedYl ¼mM+hlk½ fy0
IFFCO AssociatesIFFCO-Tokio General Insurance Company Ltd.Oman India Fertiliser Company S.A.O.C.Jordan India Fertilizer Company, L.L.C.IFFCO Chhattisgarh Power Ltd.IFFCO Kisan Sanchar Ltd.IFFCO Kisan SEZ Ltd.Industries Chimiques Du SenegalKisan International Trading, FZENational Commodity & Derivatives Exchange Ltd.National Collateral Management Services Ltd.Indian Potash LimitedIFFCO Kisan Bazar Ltd.Indian Farm Forestry Development Cooperative Ltd.IFFCO FoundationCooperative Rural Development TrustIFFCO Kisan Sewa TrustGrowMax Agri Corp.Aria Chemicals (Orissa) Ltd.
12
13
nl o"kksZa dh foÙkh; miyfC/k;k¡ Ten Years’ Financial Highlights ¼djksM+ #i;s esa½(Rs. in crore)
izpkyu ifj.kke
fcØh
ljdkj ls vFkZ&lgk;rk
dkjksckj
vU; jktLo
dqy vk;
csps x;s eky dh ykxr
ewY;gzkl] C;kt ,oavk;dj ls iwoZ ykHk
C;kt
ewY;gzkl
dj iwoZ ykHk ¼ihchVh½
vk;dj ¼fuoy½
dj i'pkr ykHk ¼ih,Vh½
ykHkka'k
lgdkjh f'k{kk fuf/k
nku
/kkfjr ykHk
lzksr o fuf/k;ksa dk vuqiz;ksx
fuf/k;ksa ds lzksr
bfDoVh 'ks;j iwath
vkjf{kr o vf/k'ks"k
fuoy lEifr
_.k&nh?kkZof/kd
&vYikof/kd
&vkLFkfxr O;kikj dj
vkLFkfxr dj ns;rk
yxh iwath
fuf/k;ksa dk vuqiz;ksx
fuoy LFkkbZ ifjlEifÙk;ka¼pkyw iwathxr O;; lfgr½
fuos'k
pkyw ifjlEifÙk;ka
pkyw ns;rk,a
fuoy pkyw ifjlEifÙk;ka
fofo/k O;;
¼ftUgsa cês[kkrs ugha Mkyk x;k½
yxh gqbZ fuoy ifjlEifÙk;ka
13
2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01
OPERATING RESULTS
Sales 7,247.30 7,387.70 5,968.47 5,554.53 5,358.19 4,097.60 3,753.39 3,535.63 3,107.64 3,048.49
Subsidy from Government 9,561.27 25,545.60 6,194.35 4,775.58 4,584.74 3,299.38 2,336.69 2,739.29 2,174.31 2,246.61
Turnover 16,808.57 32,933.30 12,162.82 10,330.11 9,942.93 7,396.98 6,090.08 6,274.92 5,281.95 5,295.10
Other Revenue 841.55 499.00 354.77 244.66 71.45 85.03 101.85 61.88 52.11 40.05
Total Income 17,650.12 33,432.30 12,517.59 10,574.77 10,014.38 7,482.01 6,191.93 6,336.80 5,334.06 5,334.25
Cost of Sales 15,859.92 31,496.75 11,336.77 9,578.09 9,166.48 6,809.48 5,454.09 5,257.19 4,634.35 4,696.80
Profit before Dep.,
Int. & I. Tax (PBDIT) 1,790.20 1,935.55 1,180.82 996.68 847.90 672.53 737.84 1,079.61 699.71 638.35
Interest 764.98 1,023.20 389.37 353.94 123.70 34.02 41.12 112.00 169.39 247.49
Depreciation 457.94 470.40 410.93 391.49 242.31 167.59 184.02 160.52 159.17 156.86
Profit before Tax (PBT) 567.28 441.95 380.52 251.25 481.90 470.92 512.70 807.09 371.15 234.00
Income Tax (Net) 166.18 81.94 122.93 76.23 140.55 151.28 183.03 249.88 62.77 2.92
Profit after Tax (PAT) 401.10 360.01 257.59 175.02 341.35 319.64 329.67 557.21 308.38 231.08
Dividend 85.18 85.10 84.53 84.45 84.36 83.92 80.16 86.33 83.82 50.13
Cooperative Education Fund 4.01 3.59 2.57 1.75 3.41 2.98 2.52 5.56 3.07 2.17
Donations 0.50 1.75 0.75 0.25 1.00 0.25 1.15 1.25 1.55 12.45
Retained Profit 311.41 269.57 169.74 88.57 252.58 232.49 245.84 464.07 219.94 166.33
SOURCES AND APPLICATION OF FUNDS
Sources of Funds
Equity Share Capital 426.24 426.28 423.93 422.92 422.73 421.31 461.90 444.49 419.84 418.57
Reserves & Surplus 3,844.26 3,532.59 3,264.73 3,218.92 3,132.66 2,879.84 2,647.68 2,829.02 2,365.93 2,146.80
Net Worth 4,270.50 3,958.87 3,688.66 3,641.84 3,555.39 3,301.15 3,109.58 3,273.51 2,785.77 2,565.37
Borrowing - Long Term 1,243.59 1,419.16 1,781.83 1,935.80 2,504.43 -- -- -- 321.31 675.20
- Short Term 10,164.42 11,249.70 4,850.68 4,403.09 2,400.92 533.10 890.00 984.57 808.14 888.76
- Deferred Trade Tax 124.16 133.92 143.13 147.23 130.04 113.99 103.93 88.79 68.65 49.79
Deferred Tax Liability 516.78 542.12 534.19 534.02 458.39 421.25 425.43 -- -- --
FUNDS EMPLOYED 16,319.45 17,303.77 10.998.49 10,661.98 9,049.17 4,369.49 4,528.94 4,346.87 3,983.89 4,179.12
Application of Funds
Net Fixed Assets
(incl. Capital Work-in-Progress) 5,157.28 5,256.82 5,169.79 5,039.01 4,869.92 2,160.62 2,172.28 2,246.51 2,362.24 2,452.77
Investments 7,531.28 7,552.95 1,416.73 740.46 776.16 690.73 695.08 442.22 266.22 266.22
Current Assets 5,822.51 7,672.99 5,775.74 6,071.97 4,748.98 2,603.98 2,564.02 2,674.41 2,144.07 2,221.59
Current Liabilities 2,191.62 3,182.89 1,371.57 1,201.23 1,361.60 1,104.84 902.44 1,016.32 788.66 761.46
Net Current Assets 3,630.89 4,490.10 4,404.17 4,870.74 3,387.39 1,499.14 1,661.58 1,658.14 1,355.41 1,460.13
Miscellaneous Expenditure -- 3.90 7.80 11.77 15.70 19.00 -- -- -- --
(To the extent not written off)
NET ASSETS EMPLOYED 16,319.45 17,303.77 10,998.49 10661.98 9,049.17 4,369.49 4,528.94 4,346.87 3,983.87 4,179.12
14
Significant Financial IndicatorsegRoiw.kZ foÙkh; lwpd
foÙkh; vuqikr %
fcØh dh rqyuk esa dk;Zpkyu ykHk ¼izfr'kr½
fcØh dh rqyuk esa dj&iwoZ ykHk ¼izfr'kr½
yxh iwath dh rqyuk esa izfrykHk ¼izfr'kr½
fuoy lEifÙk dh rqyuk esa dj&iwoZ ykHk ¼izfr'kr½
fuoy lEifÙk dh rqyuk esa dj&i'pkr ykHk ¼izfr'kr½
vpy ifjlEifÙk;ka dkjksckj ¼xq.kk½
dk;Zpkyu iwath dkjksckj ¼xq.kk½
rS;kkj eky dh ekylwph ¼ekg fcØh½
dPps eky o iSfdax lkexzh dh ekylwph
¼ekg [kir½
QqVdj nsunkj ¼ekg fcØh½
pkyw vuqikr
Rofjr vuqikr
_.k bfDoVh vuqikr
deZpkfj;ksa dh mRikndrk
deZpkfj;ksa dh la[;k
izfr deZpkjh fcØh ¼djksM+ #i;s esa½
FINANCIAL RATIOS :
Operating Profit to Sales (%) 10.43 6.54 7.67 6.69 6.92 6.52 10.86 8.15 11.84 12.34
Profit before Tax to Sales (%) 3.37 1.34 3.13 2.43 4.85 6.37 8.66 13.26 7.28 4.54
Return on Capital Employed (%) 4.15 3.12 3.50 2.53 7.18 10.58 11.32 18.56 9.32 5.60
Profit before Tax to Net Worth (%) 13.28 11.16 10.31 6.90 13.55 14.27 16.49 24.65 13.32 9.12
Profit After Tax to Net Worth (%) 9.39 9.09 6.99 4.81 9.60 9.68 10.60 17.02 11.06 9.00
Fixed Assets Turnover (Times) 3.23 6.32 2.54 2.20 3.01 3.57 2.78 2.74 2.18 2.12
Working Capital Turnover (Times) 4.18 7.41 2.62 2.50 4.07 4.58 3.58 4.04 3.76 3.53
Inventory of Finished Goods (Months Sales) 0.21 0.12 1.50 1.48 0.74 0.90 1.30 1.88 1.81 1.60
Inventory of Raw Material & Packing
Material (Months Consumption) 1.03 0.74 1.25 1.01 0.86 0.79 0.79 0.68 0.77 0.63
Sundry Debtors (Months Sales) 0.39 0.67 0.78 0.90 0.89 1.17 1.50 1.36 1.30 1.20
Current Ratio 2.66:1 2.41:1 4.21:1 5.06:1 3.49:1 2.36:1 2.84:1 2.62:1 2.72:1 2.92:1
Quick Ratio 2.06:1 1.87:1 3.06:1 3.15:1 2.37:1 1.51:1 1.71:1 1.51:1 1.39:1 1.65:1
Debt Equity Ratio 2.70:1 3.23:1 1.84:1 1.78:1 1.42:1 0.20:1 0.32:1 0.33:1 0.43:1 0.63:1
Employees Productivity
No. of Employees 6,725 6,757 6,743 6,826 6,506 5,752 5,977 6,125 6,326 6,405
Sales per Employee (Rs. Crore) 2.50 4.87 1.80 1.51 1.77 1.29 0.99 0.99 0.81 0.80
2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01
CASH PROFIT Rs. in CroreNET WORTH Rs. in Crore
15
2009&10 ds nkSjku egÙoiw.kZ miyfC/k;k¡Significant Highlights for the Year 2009-10
izpkyu Operational
Total Production Total Sales
Production – Urea Sales – Urea
Sales – NPK/DAP/NPProduction – NPK/DAP/NP
16
Turnover Retained Cash Profit
Profit before Tax Cash Generated fromOperating Activities
Profit after Tax Interest Cost(Net of Fertiliser Bonds Income)
2009&10 ds nkSjku egÙoiw.kZ miyfC/k;k¡Significant Highlights for the Year 2009-10
*Lower due to decrease in input prices thus resulting in lower subsidies
foÙkh; Financial
17
o"kZ 2009-10 ds nkSjku dk;Zfu"iknu dh izeq[k fo'ks"krk,a
Performance Highlights for the Year 2009-10
moZjdksa dk lokZf/kd mRiknu 81.98 Lakh MTHighest Production of Fertilisers (Previous Best 71.68 Lakh MT in 2008-09)
;wfj;k dk lokZf/kd mRiknu 43.24 Lakh MTHighest Production of Urea (Previous Best 40.68 Lakh MT in 2008-09)
,uihds@Mh,ih@,uih dk mRiknu 38.74 Lakh MTProduction of NPK/DAP/NP (Previous Best 32.26 Lakh MT in 2006-07)
moZjdksa dh lokZf/kd fcØh 118.27 Lakh MTHighest Sale of Fertilisers (Previous Best 112.58 Lakh MT in 2008-09)
;wfj;k dh lokZf/kd fcØh 63.35 Lakh MTHighest Sale of Urea (Previous Best 58.69 Lakh MT in 2008-09)
,uihds@Mh,ih@,uih dh lokZf/kd fcØh 54.92 Lakh MTHighest Sale of NPK/DAP/NP (Previous Best 53.89 Lakh MT in 2008-09)
dj iwoZ ykHk Rs. 567.28 CroreProfit Before Tax (Best PBT Rs. 807.09 Crore in 2002-03)
dj i'pkr ykHk Rs. 401.10 CroreProfit After Tax (Best PAT Rs. 557.2 Crore in 2002-03)
dqy dkjksckj Rs. 16,809 CroreTotal Turnover (Previous Best Rs. 32,933 Crore in 2008-09)
la;a= mRikndrk 1,608 MT per employeePlant Productivity (Previous Best 1,669 MT in 2005-06)
lokZf/kd foi.ku mRikndrk 7,885 MT per employeeHighest Marketing Productivity (Previous Best 7,397 MT in 2008-09)
17
18
Shri S.K. Jakhar, Chairman, IFFCO, gets themaiden dotCoop Global Award for Cooperative Excellence.
Hon’ble President of India, Smt. Pratibha Devisingh Patil presenting theTERI Environment Award 2009 for Aonla Unit to Shri A.K. Singh, ED, IFFCO.
a Financial Performance and Dividend
a Share Capital and Net Worth
a Plant Performance
a Marketing Overview
a Subsidiaries and Associates
20
eq>s vkids le{k vkidh lfefRk dh o"kZ 2009&10 dh 42oÈ okf"kZd fji®VZ ÁLRkqRk djR® gq, vR;ar xoZ vkSj g"kZdk vuqHko g® jgk gS A ;g o"kZ vkidh lfefr ds fy, ,d vkSj 'kkunkj o"kZ lkfcr gqvk gS A bl o"kZ lfefr us udsoy vius dhfrZekuksa dks ihNss NksM+rs gq, u, fjdkMZ cuk, gSa vfirq vusd izfrf"Br lEeku Hkh vftZr fd, gSaA eq>sxoZ gS fd eSa bl egku laLFkk dk lnL; gwa A vc eSa vkids le{k o"kZ 2009&10 ds nkSjku lfefr dk dk;ZfUk"iknuo ys[ks izLrqr djrk gwa A
vki lHkh tkurs gSa fd Hkkjr ljdkj us gky gh esa QkLQsfVd vkSj iksVkf'kd moZjdksa ds fy, iks"kd rRo vk/kkfjrvFkZ lgk;rk ;kstuk ykxw dh gS] tks 1 vizSy 2010 ls izHkkoh gks xbZ gS A ljdkj ds bl fu.kZ; ls iks"kd rRoksads larqfyr mi;ksx dks c<+kok feysxk] d`f"k ;ksX; Hkwfe dh gkyr esa lq/kkj gksxk] mRikndrk c<+sxh vkSj vyx&vyxQlyksa ds fy, fof'k"V izdkj ds QksfVZQkbM moZjd cktkj esa vk,axs A blls Hkkjrh; moZjd mn~;ksx dh fLFkfretcwr gksxh vkSj og oSf'od pqukSfr;ksa dk lkeuk dj ldsxk rFkk lkFk gh moZjdksa ds ewY;ksa dks fLFkj j[kus esa jk"Vªdh lgk;rk dj ldsxk A ljdkj dk ;g dne vUrrksxRok fdlkuksa dks vFkZ lgk;rk dk lh/ks Hkqxrku djus dhfn'kk esa ,d dne fl) gksxk A
;g Hkh xoZ dk fo"k; gS fd vkidh lfefr ds v/;{k] nwljh ckj baVjus'kuy dksvkijsfVo ,yk;al ¼vkbZlh,½ dsXykscy cksMZ esa pqus x, gSaA vR;ar xoZ dk fo"k; gS fd vkidh lfefr dks vius lgdkjh lnL;ksa dks lsok,a iznkudjus ds fy, ^^lgdkjh mRÑ"Vrk ds fy, MkWVdke Xykscy iqjLdkj^^ Hkh izkIr gqvk gSA
fe=ks] o"kZ 2009&10 ds nkSjku vkidh lfefr us 'kkunkj dk;Z djrs gq, mRiknu] fcØh] ifjogu] fof'k"V ÅtkZ[kir vkSj lexz dk;Zfu"iknu tSlss lHkh {ks=ksa esa vius gh loZJs"B fjdkMksZa dks ihNs NksM+rs gq, iz'kaluh; dk;Zfu"iknufd;k gS A lfefr us o"kZ 2009&10 ds nkSjku 81-98 yk[k eh-Vu moZjdksa dk vc rd dk lokZf/kd mRiknu fd;k]ftlesas 43-24 yk[k eh-Vu lokZf/kd ;wfj;k mRiknu vkSj 38-74 yk[k eh-Vu dk lokZf/kd ,uih@,uihds@Mh,ihmRiknu 'kkfey gSa A ;g 'kkunkj dk;Zfu"iknu dPps eky dh miyC/krk esa lq/kkj vkSj mi;qDr Ø; uhfr;ksa o
funs”kdksa dh fjiksVZfiz; lgdkjh cU/kqvks
v/;{kh; Hkk"k.k nsrs gq,] bQdks v/;{k] Jh lqjsUnz dqekj tk[kM+A
21
With immense sense of pride and satisfaction, I place before you the 42nd Annual Report of yourSociety for the year 2009-10. This has been another glorious year for your Society. Not only have theprevious records been surpassed and new milestones created, the Society has won several prestigiousawards. I, therefore, feel honoured to be a part of this illustrious organisation and present before youits performance and accounts for 2009-10.
As you all are aware, the Nutrient Based Subsidy Scheme, for phosphatic and potassic fertilisers,was recently introduced by the Government of India and made effective from April 1, 2010. Thisdecision of the Government will encourage balanced nutrients usage, improved soil conditions,higher productivity and introduction of increased formulations of crop-specific and nutrient fortifiedfertilisers. This will make the Indian fertiliser industry strong and resilient to cope with global challengesand it will eventually help the nation in containing fertiliser prices. It is also a step that would eventuallylead to providing direct subsidy to farmers.
It is a matter of great honour that the Chairman of your Society has been elected for the secondtime on the Global Board of International Cooperative Alliance (ICA). Further, your Society hasreceived the ‘Dot Coop Global Award for Cooperative Excellence’ in recognition of its efforts forproviding services to its cooperative members.
Friends, in the year 2009-10, your Society has shown commendable performance in all the spheresof its functioning, surpassing its own previous best records in the areas of Production, Sales,Transportation, Specific Energy Consumption and Overall Performance. The Society produced thehighest-ever 81.98 lakh MT of fertilisers comprising an all-time high of 43.24 lakh MT Urea and thehighest-ever 38.74 lakh MT NP/NPK/DAP during 2009-10. This creditable performance was possibledue to an improvement in the availability of raw materials and application of appropriate strategiesfor procurement and logistics planning. All the plants have worked hard to save energy. The Composite
Directors’ ReportDear Cooperators,
The Prime Minister of the Russian Federation, Mr. Vladimir V Putin and Prime Minister Dr. Manmohan Singh witnessing theframework agreement between IFFCO and IPL and Phos Agro being signed by Dr. U.S. Awasthi, Managing Director, IFFCOand Mr. Maxim Volkov, Director General, OJSC, in New Delhi.
22
ykWftfLVd vk;kstuk ds QyLo:i gh izkIr fd;k tk ldk A gekjs lHkh la;a=ksa us ÅtkZ dh [kir de djus dsHkjld iz;kl fd, A o"kZ 2009&10 ds nkSjku ;wfj;k la;a=ksa dh fof'k"V ÅtkZ [kir ?kVdj 5-832 th dSy@eh0Vugks xbZ tcfd blls igys ;wfj;k dh U;wure fof'k"V ÅtkZ [kir 2007&08 ds nkSjku 5-907 th dSy@eh0Vu FkhAbQdks us igyh ckj] Lisu dh ,d ,tsalh dks 4 djksM+ #i;s ds vius dkcZu ØsfMV~l dh fcØh dh A ;g fcØh] ekSleifjorZu ds laca/k esa la;qDr jk"Vª la?k ds ÝszeodZ ds varxZr Dyhu MsoyiesaV eSdsfuTe ¼lhMh,e½ ds rgr dh xbZA
eq>s vkidks ;g crkrs gq, g"kZ gks jgk gS fd vkidh lfefr us o"kZ 2009&10 ds nkSjku 118-27 yk[k Vu moZjdksadh fcØh dh tcfd 2008&09 ds nkSjku 112-58 yk[k eh0 Vu dh fjdkMZ fcØh dh xbZ Fkh A ;g fcØh bl rF;ds ckotwn dh xbZ fd Hkkjr ds cgqr ls Hkkxksa esa lw[kk ?kksf"kr fd;k x;k Fkk A o"kZ 2009&10 ds nkSjku lfefr dkdj&iwoZ ykHk 567-28 djksM+ #i;s jgk tks fd cgqr gh vPNk gS A vkidh lfefr vkSj vkbZih,y dh izzHkkodkjhj.kuhfr;ksa ds ifj.kkeLo:Ik o"kZ 2009&10 ds nkSjku moZjdksa vkSj muds dPps eky ds ewY; okftc Lrj rd dedjus esa lgk;rk feyh gS] ftlds dkj.k gekjk fcØh dkjksckj ewY; ds :i esa ?kVdj 16]809 djksM+ #i;s jg x;ktcfd xr o"kZ ;g 32]933 djksM+ #i;s Fkk A
vkidh lfefr us dkjiksjsV ;kstuk,a ^fe'ku&2005* vkSj ^fotu&2010* lQyrkiwoZd iwjh dj yh gSa A lfefr usvc ,d ubZ o`gr foLrkj ;kstuk ^fotu&2015* rS;kj dh gS] tks lfefr dks moZjd mRiknu ds {ks+= esa Xykscy yhMjds :i esa LFkkfir djsxh rkfd jk"Vª dh [kk| laaca/kh vko';drkvksa dks iwjk fd;k tk lds A
vkidh lfefr dh la;qDr m|e daifu;ka Hkh izxfr ds iFk ij vxzlj gSa A bQdks NRrhlx<+ ikoj fyfeVsM¼vkbZlhih,y½ ds fy, Hkwfe vf/kxzg.k dk dk;Z vafre pj.kksa esa gS vkSj lHkh egRoiw.kZ lkafof/kd fDy;jsal Hkh 'kh?kzfeyus dh laHkkouk gS A dyksy foLrkj ifj;kstuk dk dke Hkh 'kq: gks x;k gS A bQdks fdlku lapkj fyfeVsM¼vkbZds,l,y½ us ns'k ds vf/kdka'k Hkkxksa esa vius usVodZ dk vkSj foLrkj fd;k gS A lSy Qksu vk/kkfjr viuh lsokvksadks xzkeh.k Hkkjr rd igqapkus ds blds iz;klksa dks vUrjkZ"Vªh; Lrj ij ekU;rk feyh gS vkSj xzkeh.k leqnk; dsl'kfDrdj.k ds fy, u;s ,yk;al vkSj lg&Hkkxhnkjh ds volj feys gSa A bQdks fdlku ,lbZtSM dk lfØ; :ils dk;kZUo;u fd;k tk jgk gS A izeq[k fuos'kdrkZvksa ds ek/;e ls mRiknu xfrfof/k;ka 'kh?kz vkjaHk gksus dh laHkkoukgS A ,lbZtSM esa la;qDr mn~;e ds :Ik esa izkjEHk gksus okyh ,d izeq[k xfrfof/k gS&vfr vk/kqfud baVsxzsfVM Ms;jhdh LFkkiuk A blh izdkj ls] fons'kksa esa fLFkr gekjs lHkh la;qDr mn~;eksa dk dk;Zfu"iknu Hkh Js"B jgk gS AvksebQdks] vkseku us o"kZ 2009 ds nkSjku mRiknu ds u;s fjdkMZ LFkkfir fd;s A vkbZlh,l flusxy Hkh cgqr vPNk
bQdks v/;{k Jh lqjsUnz dqekj tk[kM+ gqlSuhokyk ckMZj ij rSukr tokuksa ls HksaV djrs gq,A
23
Specific Energy Consumption for Urea Plants during 2009-10 came down to the lowest-ever5.832 GCal/MT as against the previous lowest Specific Energy Consumption of 5.907 GCal/MTachieved during 2007-08. IFFCO, for the first time, monetised its Carbon Credits by effecting itssale to a Spanish agency for a consideration of Rs. 4 Crore under the Clean DevelopmentMechanism (CDM) of the United Nations Framework of Climate Change.
I feel happy to inform that your Society has achieved the sale of 118.27 lakh MT fertilisers during2009-10, breaking its previous best sales record of 112.58 lakh MT of fertilisers in 2008-09, in spite ofthe fact that many parts in India were declared drought-prone. The Profit Before Tax (PBT) of theSociety during 2009-10 was Rs. 567.28 Crore, which is commendable. As a result of effective strategiesby your Society and IPL, international prices of fertilisers and its raw materials were brought down toreasonable levels during 2009-10 as a result of which the Sales Turnover reduced in value toRs. 16,809 Crore as against Rs. 32,933 Crore in the previous year.
Your Society has successfully accomplished the Corporate Plans, ‘Mission 2005’ and ‘Vision 2010’.It has now embarked upon another comprehensive Perspective Plan ‘Vision 2015’, which will guideyour Society’s efforts in emerging as a Global Leader in fertiliser production and thus cater to thefood security needs of the nation.
The Joint Venture Companies of your Society have also been progressing well. Land acquisitionfor IFFCO Chhattisgarh Power Limited (ICPL) is in the final stages and all important statutory clearancesare expected soon. Work on the Kalol Expansion Project has been initiated. IFFCO Kisan SancharLimited (IKSL) has been further spreading its network in most parts of the country. Its vision to takecell phone-based services to rural India has drawn international recognition, resulting in forging newalliances and partnerships, aimed at the empowerment of the rural community. IFFCO Kisan SEZ isunder active implementation and production activities through anchor investors are expected tocommence shortly. One of the main activities in this is the most modern integrated dairy in a JointVenture proposed to be set up in the SEZ. Similarly, all our Joint Ventures abroad have exhibited anattractive performance. OMIFCO, Oman, created new records of production in 2009. ICS Senegal
Sources of Funds Application of Funds
24
dke dj jgh gS A la;qDr mn~;e ds {ks= esa vkidh lfefr ds tksMZu bafM;k QfVZykbtj daiuh ¼ftQdks½ ukedQkLQksfjd ,flM la;a= dh vk/kkjf'kyk bf'kfn;k] tksMZu esa 3 vDrwcj] 2009 dks tksMZu ds egkefge fdax }kjk j[khxbZ A bl ifj;kstuk dh thjks MsV 14 vizSy] 2010 ?kksf"kr dh xbZ gS A yhtSaM bad- vkLVªsfy;k }kjk dk;kZfUor dhtk jgh QkLQsV [kuu ifj;kstuk dk dk;Z izxfr ij gS A chek] ikoj] xzkeh.k eksckby VsyhQksuh vkSj deksfMVh,Dlpsat {ks=ksa esa fofof/kdj.k ds i'pkr vkidh lfefr us vc iksVk'k rFkk xSl vkSj rsy vUos"k.k ds {ks=ksa esa vius,lksf'k,V~l ds lkFk 50 izfr'kr iksVk'k dk ckbcSd djus ds fy, dSukfM;u daiuh] xzkseSsDl ,xzh- dksiZ- ¼xzksseSsDl½ vkSjvesfjdkt isVªksxSl baad- ds lkFk bfDoVh Hkkxhnkjh djus dk fu.kZ; fd;kA bQdks us QWkLdSe] vesfjdkvkSj QkWl,xzks] :l ds lkFk ,d le>kSrk Kkiu ij Hkh gLrk{kj fd;s gSa ftlds varxZr Mh,ih@,uihds dk vk;krfd;k tk,xkA blds ifj.kkeLo:i gekjh lnL; lfefr;ksa dks bu vko';d moZjdksa dh fuckZ/k vkiwfrZ lqfuf'pr dhtk ldsxh A
lHkh ekspksZa ij 'kkunkj dk;Zfu"iknu djus ds fy, bl o"kZ Hkh vkidh lfefr dks dbZ izfrf"Br iqjLdkjksa ls uokt+kx;k gSA Hkkjr dh jk"Vªifr egkefge Jherh izfrHkk nsoh flag ikVhy us gekjh vkaoyk bdkbZ dks ßVsjh dkjiksjsV,Uok;juesaV vokMZ 2009ß iznku fd;k A blh bdkbZ dks o"kZ 2008&09 ds nkSjku ukbZVªkstu ¼veksfu;k rFkk ;wfj;k½ds fy, izpkyuxr moZjd bdkbZ ds loZJs"B lexz dk;Zfu"iknu ds fy, ,Q,vkbZ dk izfrf"Br iqjLdkj izkIr gqvkvkSj lkFk gh xzhuVSd QkmaMs'ku] ubZ fnYyh ls moZjd {ks= esa 'kkunkj miyfC/k ds fy, ,Uok;juesaV eSustesaV ßLo.kZiqjLdkjß Hkh izkIr gqvk gS A blh izdkj ls] gekjh ikjknhi bdkbZ us o"kZ 2008&09 ds fy, ßloZJs"B rduhdhuoksUos"k.kß vkSj ßloZJs"B lexz dk;Zfu"iknuß ds fy, ,Q,vkbZ iqjLdkj thrs rFkk lkFk gh] jk"Vªh; ÅtkZ laj{k.kiqjLdkj Hkh thrk A bQdks dh vkbZVh Vhe dks Hkh dbZ izfrf"Br iqjLdkj feys ftuesa VkWi 10 xzhu vkbZVh ,UVjizkbtvokMZ] lhvkbZvks 100 vokMZ] viVkbe pSfEi;u vokMZ&2009] ,UVjizkbt dusDV vokMZ&2009] nk xzsV ekbaM pSysatfctusl vokMZ&2009 'kkfey gSa A ifCyd fjys'ku lkslkbVh vkWQ bafM;k us bQdks dks o"kZ 2008&09 dh okf"kZdfjiksVZ ds fy, izFke iqjLdkj iznku fd;k A
gekjh izksQS'kuy Vhe dh izfrc)rk vkSj leiZ.k ds lkFk] ;g fuf'pr gS fd gekjh lfefr moZjdksa ds mRiknuvkSj foi.ku ds {ks= esa Xykscy yhMj ds :i esa mHkjus ds fy, fur&izfr vius gh fjdkMksZa dks ihNs NksM+rs gq,u;s&u;s fjdkMZ LFkkfir djsxh vkSj lkFk gh *fdlkuksa dh lsok* ds vius mn~ns'; ds lkFk Hkh dksbZ le>kSrk ughadjsxh A MkW0 mn; 'kadj voLFkh] izca/k funs'kd ds usr`Ro esa es/kkoh izksQS'kuYl dk dk;Z vkSj ekxZn'kZu fu'p; ghljkguh; gS ftlds fcuk lfefr lQyrk ds mPp f'k[kjksa rd u igqap ikrh A bl volj ij] vki lHkh lnL;ksadh vksj ls eSa MkW0 voLFkh vkSj mudh iwjh Vhe dks bl 'kkunkj dk;Zfu"iknu ds fy, c/kkbZ nsrk gwa A
vkaoyk ¼mRrj izns’k½ la;a= dk fogaxe n`’;A
25
is functioning well. The foundation stone of your Society’s Joint Venture Phosphoric Acid Plant,namely, Jordan India Fertilizer Company (JIFCO), was laid at Eshidiya, Jordan, on October 3, 2009by H.E., the King of Jordan. The project zero date has been declared as April 14, 2010. The phosphatemining project being implemented by LEGEND Inc., Australia, is also progressing at a good pace.After diversifying into Insurance, Power, Rural Mobile Telephony and Commodity Exchange, yourSociety has now ventured into Potash as well as the Gas and Oil Exploration Sectors by becomingan equity partner with 50 per cent buy-back of Potash, alongwith its Associate in the CanadianCompany, GrowMax Agri Corp (GrowMax) and America’s Petro Gas Inc. IFFCO has also enteredinto a Memorandum of Understanding (MoU) with Phoschem, USA and PhosAgro, Russia, for theimport of DAP/NPK, which will ensure an uninterrupted supply of these essential fertilisers to themember societies.
Maintaining an excellent performance on all fronts, this year also your Society was crowned withprestigious awards. Hon’ble President of India, Smt. Pratibha Devi Singh Patil, bestowed the ‘TERICorporate Environment Award 2009’ on the Aonla Unit, which also received the prestigious FAI awardfor the ‘Best overall performance of an operating fertiliser unit for Nitrogen (Ammonia and Urea)’ forthe year 2008-09 and also the ‘Gold Award’ in the fertiliser sector for outstanding achievement inEnvironment Management from Greentech Foundation, New Delhi. Similarly, the Paradeep Unit wonFAI Awards for the ‘Best Technical Innovation’ and ‘Best Overall Performance’ for the year 2008-09 aswell as the National Energy Conservation Award. IFFCO’s IT team also received a number of prestigiousawards such as Top 10 Green IT Enterprise Award, CIO 100 Award, Uptime Champion Award 2009,Enterprise Connect Award 2009 and The Great Mind Challenge Business Award 2009. The PublicRelations Society of India presented the first prize to IFFCO’s Annual Report for the year 2008-09.
With the commitment and dedication of our professional team, it is certain that your Society willcontinue to strive harder to surpass its own records in order to emerge as a global leader in theproduction and marketing of fertilisers without compromising on the motto of ‘Service to Farmers’.The teamwork of its talented professionals and the motivating leadership provided by Dr. U.S. Awasthi,Managing Director, are commendable without which this Society would not have reached thepinnacle of success. On behalf of all the Members, I take this opportunity to congratulate Dr. Awasthiand his entire team for their exemplary performance.
A view of the Kalol Plant, Gujarat.
26
foÙkh; dk;Zfu’iknuviuh iwoZ ijaijkvksa dk fuokZg djrs gq, lfefr us izeq[k ekunaMksa ;Fkk jktLo fodkl vkSj lalk/kuksa ds csgrjhu
mi;ksx ls 'kkunkj foŸkh; ifj.kke gkfly fd, gSaA ;s lkjs dhfrZeku dPps eky dh deh] ljdkj ls vFkZ lgk;rkdh cM+h jkf'k foyac ls izkIr gksus ds ckotwn LFkkfir fd, x,] tks bl ckr dk izek.k gSaS fd lfefr dh dkjiksjsVj.kuhfr vR;ar dkjxj gS vkSj og fodkl ds fofHkUu dkjdksa ij vk/kkfjr gS A ;s dhfrZeku mPp mRiknu] lokZf/kdfcØh vkSj Js"B dk;Zpkyu dq'kyrk ds lqQy gSa A
vkidh lfefr ds iz;klksa ls moZjdksa ds varjkZ"Vªh; ewY; ?kVdj okftc Lrj ij igqap x;s gSa tks fd fdlkuksa dksfdQk;rh ewY;ksa ij egRoiw.kZ iks"kd rRoksa dh vkiwfrZ dk vPNk ladsr gS A vknkuksa vkSj vk;kfrr moZjdksa dsvarjkZ"Vªh; ewY;ksa ds de gksus ds ifj.kkeLo:Ik rFkk vFkZ&lgk;rk ds Lrj ds dkj.k vkidh lfefr dk fcØh dkjksckjewY; ds :i esa ?kVdj 16]809 djksM+ #i;s gks x;k tcfd xr o"kZ ;g 32]933 djksM+ #i;s Fkk A gkykafd moZjdksadk fQftdy VuZvksoj o"kZ 2009&10 ds nkSjku 118-27 yk[k eh0 Vu Fkk bldh rqyuk esa o"kZ 2008&09 esa ;g112-58 yk[k eh0 Vu Fkk A moZjd mn~;ksx esa pqukSrhiw.kZ O;kolkf;d ekgkSy esa bl dk;Zfu"iknu dks cgqr larks"kizndgk tk ldrk gS A
foŸkh; ykxro"kZ 2009&10 ds nkSjku ldy C;kt ykxr 765 djksM+ #i;s vkbZ tks xr o"kZ dh 1]023 djksM+ #i;s dh ykxr
ds eqdkcys dkQh de gS A bl o"kZ rS;kj eky@dPps eky dh ekylwph dk Lrj U;wure jgk] _.k vFkok _.kolwfy;ksa dh fLFkfr csgrj jgh] lLrh njksa ij _.k izkIr djus ds fy, fodYiksa dks ryk'kk x;k vkSj U;wure C;ktnjksa ds fy, _.knkrkvksa ls dh xbZ ckrphr lQy gks ikus ds dkj.k dk;Z'khy iwath izca/k esa egRoiw.kZ lq/kkj gqvkAbl o"kZ ds nkSjku Hkkjr ljdkj ls vFkZ&lgk;rk@fj;k;r ds nsj ls izkIr gksus ds dkj.k] fuf/k;ksa dh tks O;oLFkkdjuh iM+h mlds fy, 122 djksM+ #i;s dh foRrh; ykxr vkbZ ftlesa vYi vof/k C;kt dh jkf'k Hkh 'kkfey gS A
fons'kh eqnzk izca/ku;g o"kZ fofHkUu eqnzkvksa] fo'ks"k :Ik ls #i;s vkSj vejhdh Mkyj ds chp] fons'kh eqnzk fofue; iSfjVh esas O;kid
mrkj&p<+ko dk o"kZ jgk A fons'kh eqnzk ds dq'ky izca/ku ds ifj.kkeLo:i lfefr us bl o"kZ ds nkSjku 105 djksM+#i;s dh vk; vftZr dh A funs'kd eaMy bl mRd`"V dk;Zfu"iknu ds fy, la;qDr izca/k funs'kd ,oa eq[; foRrvf/kdkjh vkSj mudh iwjh Vhe dks dq'ky fons'kh eqnzk izca/ku ds fy, c/kkbZ nsrk gS A
Jh lqjsUnz dqekj tk[kM+] v/;{k] Jh ,u ih iVsy] mik/;{k ,oa funs'kd e.My ds vU; lnL; ikjknhi la;a= ¼mM+hlk½ dk fujh{k.k djrs gq, A
27
FINANCIAL PERFORMANCEAs per its tradition, the Society has again exhibited an impressive financial performance in all its
major parameters, namely, revenue growth, margins and resource utilisation, testifying to therobustness of its Corporate Strategy of creating multiple drivers of growth in spite of constraints inthe availability of raw materials and the inordinate delays in the receipt of large subsidy amountsfrom Government of India. It was made possible due to higher production, sales volume andimprovement in operating efficiencies.
With the efforts of your Society, international prices of fertilisers have eased to reasonable levels,which is good from the point of supplying strategic plant nutrients to farmers at affordable prices. Asa consequence of lowering of international prices of inputs and imported fertilisers and subsidylevels, the Sales Turnover of the Society in value has come down to Rs. 16,809 Crore during2009-10 from Rs. 32,933 Crore in the previous year even though the physical turnover was higher at118.27 lakh MT of fertilisers during 2009-10 as against 112.58 lakh MT in 2008-09. The performanceis even more satisfying when viewed in the light of the challenging business environment in thefertiliser industry.
Financing CostThe gross interest expenditure at Rs. 765 Crore during 2009-10 was much lower in comparison to
Rs. 1,023 Crore incurred in the previous year. There was a significant improvement in working capitalmanagement with a lower inventory of finished goods/raw materials, improved debt collections,measures taken to tap alternate cheaper sources of borrowings and negotiating lower interest rateswith lenders at the most competitive rates. The short-term interest burden includes an amount ofRs. 122 Crore attributed to the financing cost of funding the delayed receipt of subsidy/concessionfrom the Government of India during the year.
Foreign Exchange ManagementThe year witnessed wide volatility in Foreign Exchange Parity of different currencies particularly
in respect of INR/USD parity. As a result of efficient Foreign Exchange Management, the Societyearned Foreign Exchange gain of Rs. 105 Crore during the year. The Board will like to place onrecord the outstanding performance of the Jt. Managing Director and CFO and his team for theexcellent performance on this Foreign Exchange Management.
A view of the Paradeep Plant, Orissa.
28
fuoy ykHk
xr o"kZ dh rqyuk esa fofHkUu dkjksckjh {ks=kas esa mRlkgo/kZd izxfr gqbZ gS ftlls gekjh ykHkns;rk esa lq/kkj gqvkgS A bQd® us o"kZ 2009&10 esa ewY;gzkl] C;kt vkSj dj ls iwoZ 1]790-20 dj®M+ #i;s dk ykHk vfTkZRk fd;k tcfdxr o"kZ ;g ykHk 1935-55 dj®M+ #i;s Fkk A bl o"kZ 567-28 djksM+ #i;s dk dj&Ik'pkr ykHk gqvk tks fd xr o"kZds 441-95 djksM+ #i;s ds eqdkcys esa 28-36 izfr'kr vf/kd gS A blh izdkj] dj&i'pkr ykHk 401-10 djksM+ #i;sgqvk tcfd xr o"kZ 360-01 djksM+ #i;s dk dj&i'pkr ykHk gqvk Fkk A
fuoy ykHk dk fofu;®Tku
cgqjkT; lgdkjh l®lkbVhTk ¼,e,llh,l½ vf/kfu;e] 2002 dh /kkjk 62¼2½ ds vuqlkj fuoy ykHk dh ifjx.kukdjus ds fy, dj&i'pkRk ykHk esa ls iwaTkh ÁR;koRkZu fuf/k d® ?kVk;k Tkkuk g®Rkk gS A Rknuqlkj] iwaTkh ÁR;koRkZufuf/k ds fy, 0-47 dj®M+ #i;s dh jkf'k dk Áko/kku fd;s Tkkus ds ckn vkoaVu ;®X; fuoy ykHk 400-63 dj®M+ #i;scSBRkk gS] fTkldk fuEukuqlkj fofu;®Tku djus dk ÁLRkko gS %
¼dj®M+ #i;s esa½
en 2009&10 2008&09
vkcaVu ;®X; fuoy ykHk 400-63 358-54
?kVk,a % ÁLRkkfoRk fofu;®Tku %
(i) lfefRk ds mifu;e 56(i) ds vuqlj.k 120-19 107-56esa vkjf{kRk fuf/k
(ii) mifu;e 56(iv) ds vuqlj.k esavkdfLedRkkvksa ds fy, vkjf{kRk fuf/k 40-06 35-85
(iii) lgdkjh dY;k.k fuf/k ds fy, vkjf{kRk 1-75 1-75
(iv) lgdkjh f'k{kk fuf/k ds fy, vkjf{kRk 4-01 3-59
(v) nku ds fy, vkjf{kRk fuf/k 0-50 166-51 0-75 149-50
fuiVku ;®X; fuoy ykHk 234-12 209-04
?kVk,a % ÁLRkkfoRk ykHkka'k ¼iznRr bfDoVhiwaTkh ij 20 ÁfRk'kRk dh nj ls½ 85-18 85-10
lkekU; vkjf{kRk fuf/k d® vaRkfjRk cdk;k 148-94 123-94
'®;j iwaTkh v©j fuoy lEifRr31 ekpZ] 2010 d® vkidh lfefRk dh '®;jiwaTkh 426-24 dj®M+ #i;s gks xbZ Tkcfd o"kZ 2008&09 ds nkSjku ;g
426-28 dj®M+ #i;s Fkh A bl o"kZ ds nkSjku vkidh lfefr us detksj lgdkjh lfefr;ksa dh 0-65 dj®M+ #i;s dh'®;jiwaTkh okfil dj nh vkSj lnL; lgdkjh lfefr;ksa dks 0-62 dj®M+ #i;s ds '®;j vkoafVr fd, A 31 ekpZ] 2010d® vkidh lfefRk ds '®;j/kkfj;ksa dh dqy la[;k 39]862 FkhA
vkjf{kr o vf/k'ks"k fuf/k;kavkjf{kr o vf/k'ks"k fuf/k;ka tks 31 ekpZ] 2009 dks 3]532-59 djksM+ #i;s Fkha] c<+dj 31 ekpZ] 2010 dks
3]844-26 djksM+ #i;s gks xbZaa] vFkkZr buesa xr o"kZ dh rqyuk esa 311-67 djksM+ #i;s dh o`f) gqbZ A 31 ekpZ] 2010dks lfefr dh fuoy lEifRr xr o"kZ ds 3]958-87 djksM+ #i;s ls c<+dj 4]270-50 djksM+ #i;s gks xbZA
29
Net Profit
Various business segments of the Society achieved healthy growth in profitability over the previousyear. The Profit Before Depreciation, Interest and Tax (PBDIT) was Rs. 1,790.20 Crore as comparedto Rs. 1,935.55 Crore in the previous year. The Profit Before Tax at Rs. 567.28 Crore showed anincrease of 28.36 per cent as compared to Rs. 441.95 Crore in the previous year with the Profit AfterTax at Rs. 401.10 Crore as compared to the previous year’s figure of Rs. 360.01 Crore.
Appropriations Out of Net Profit
In accordance with the provisions of the Multi-State Cooperative Societies Act, 2002, (MSCS Act),contribution towards the Capital Repatriation Fund is required to be deducted from Profit After Tax forthe purpose of arriving at the Net Profit in terms of Section 62(2) of the MSCS Act. Accordingly, afterproviding for Rs. 0.47 Crore as contribution towards the Capital Repatriation Fund, the Net AllocableProfit works out to Rs. 400.63 Crore. The same has been proposed for appropriation as under:
SHARE CAPITAL AND NET WORTHAs on March 31, 2010, the paid-up Share Capital was Rs. 426.24 Crore as against
Rs. 426.28 Crore during 2008-09. During the year, Share Capital of Rs. 0.65 Crore was repatriated toweaker cooperative societies and Shares valuing Rs. 0.62 Crore to Member Cooperative Societieswere issued. The total number of Member Shareholders as on March 31, 2010, was 39,862.
RESERVES AND SURPLUSThe Reserves and Surplus increased from Rs. 3,532.59 Crore as on March 31, 2009, to Rs. 3,844.26
Crore as on March 31, 2010, indicating an increase of Rs. 311.67 Crore over the previous year.The Net Worth of the Society as on March 31, 2010, increased to Rs. 4,270.50 Crore fromRs. 3,958.87 Crore in the previous year.
Item 2009-10 2008-09
Net Allocable Profit 400.63 358.54Less: Proposed Appropriations
(i) Reserve Fund as per bye-laws 56(i) 120.19 107.56
(ii) Reserve Fund for contingencyAs per Bye-laws 56(iv) 40.06 35.85
(iii) Reserve for Cooperative Welfare Fund 1.75 1.75
(iv) Reserve for Cooperative Education Fund 4.01 3.59
(v) Reserve for Donations 0.50 166.51 0.75 149.50
Net Disposable Profit 234.12 209.04
Less: Proposed Dividend(@ 20 per cent of the paid-up equity) 85.18 85.10
Balance Transferred to General Reserve 148.94 123.94
Rs. in Crore
30
_.k fuf/k;kabl o"kZ ds nkSjku lHkh m/kkjksa vkSj mu ij yxs C;kt dh jkf'k dk Hkqxrku le; ij fd;k x;kA 31 ekpZ] 2010
dks cdk;k _.k fuf/k;ka 11]532 djksM+ #i;s Fkha tks xr o"kZ ds var dh fLFkfr lss 1]271 djksM+ #i;s de Fkh] ;g
,d egRoiw.kZ miyfC/k gS A 31 ekpZ] 2010 dks lfefr dk _.k bfDoVh vuqikr 2-70%1 Fkk tcfd xr foRr o"kZ dh
lekfIr ij ;g 3-23%1 Fkk A
LFkk;h ifjlEifRr;kaldy Cykd ¼py jgs iwathxr dk;ksZa lfgr½ 31 ekpZ] 2010 ds vuqlkj c<+dj 9]433 djksM+ #i;s gks x;k tcfd
31 ekpZ] 2009 dks ;g 9]099 djksM+ #i;s Fkk] bl izdkj pkyw o"kZ ds nkSjku blesa 334 djksM+ #i;s dh o`f)
gqbZ A ifjo)Zuksa dh bl iwjh jkf'k dks lfefr ds vkUrfjd vtZuksa ls tqVk;k x;k A
fuoy pkyw ifjlEifRr;ak31 ekpZ] 2010 dks fuoy pkyw ifjlEifRr;ka 3]631 djksM+ #i;s Fkh tcfd 31 ekpZ] 2009 dks ;g 4]490 djksM+
#i;s Fkh A bl izdkj buesa 859 djksM+ #i;s dh deh gqbZ A ;g miyfC/k fuEufyf[kr enksa ij gqbZ dfe;ksa ds
dkj.k gqbZ %
Hkkjr ljdkj ls olwyh ;ksX; vFkZ lgk;rk 1]986 djksM+ #i;s
rS;kj eky@dPps eky dh ekylwph 424 djksM+ #i;s
lq/kjh gqbZ _.k mxkfg;ksa ds dkj.k fofo/k nsunkjh 339 djksM+ #i;s
dq'ky dk;Z'khy iwath izca/ku ls tqVkbZ xbZ fuf/k;ksa dk mi;ksx pkyw ns;rkvksa ds Hkqxrku ds fy, fd;k x;k ftlls
pkyw foRr o"kZ esa pkyw ns;rk,a ?kVdj 1]799 djksM+ #i;s jg xbZa tcfd xr foRr o"kZ ds nkSjku ;g
2]860 djksM+ #i;s Fkh A
ykHkka'k
lnL;ksa d® ;g Tkkudj ÁléRkk g®xh fd vkidh lfefRk yxkRkkj fiNys 8 o"kksZa ls vf/kdRke ns; nj ls ykHkka'k
dk HkqxRkku dj jgh gS A bl o"kZ ds nkSjku lfefr ds 'kkunkj dk;Zfu"iknu dks ns[krs gq, lfefr ds funs'kd eaMy
us ,d ckj fQj vFkkZr yxkrkj ukSosa o"kZ Hkh 20 izfr'kr dh nj ls ykHkka'k ds HkqxRkku dh flQkfj'k dh gS A ykHkka'k
dk HkqxRkku bfDoVh '®;j iwaTkh ij mu lnL;ksa dks fd;k Tkk,xk fTkuds uke 31 ekpZ] 2010 d® lfefRk ds lnL;Rkk
jfTkLVj esa nTkZ F® A ykHkka'k dh ;g jkf'k ml frekgh ls vkuqikfrd vk/kkj ij lac) gksxh ftl frekgh esa bfDoVh
'ks;j iwath bQdks ds [kkrs esa tek dh xbZ gS A
31
LOAN FUNDS
All repayment of borrowings along with interest have been discharged in time during the year.
The outstanding loan funds as on March 31, 2010, at Rs. 11,532 Crore, indicate a significant decrease
of Rs. 1,271 Crore over the year-end position of the previous year. The Society’s Debt-Equity Ratio
as on March 31, 2010, was 2.70:1 as against 3.23:1 at the end of the previous financial year.
FIXED ASSETS
The Gross Block (including Capital Work in Progress) increased to Rs. 9,433 Crore as on
March 31, 2010, from Rs. 9,099 Crore as on March 31, 2009, resulting in addition of Rs. 334 Crore
during the current year. The entire additions were funded out of internal accruals of the Society.
NET CURRENT ASSETS
The Net Current Assets were Rs. 3,631 Crore as on March 31, 2010, as compared to
Rs. 4,490 Crore as on March 31, 2009, indicating a decrease of Rs. 859 Crore. This has been
achieved due to a decrease in:
The funds generated from efficient Working Capital management were used for the payment ofcurrent liabilities, due to which during the current financial year the current liabilities have decreasedto Rs. 1,799 Crore as compared to Rs. 2,860 Crore in the previous financial year.
DIVIDEND
Members will be delighted to note that your Society has been paying the maximum permissibledividend consecutively for the last eight years. Considering the continued good performance duringthe year under review, the Board of Directors has once again recommended the payment of dividendat the rate of 20 per cent, which makes it the ninth consecutive year. The dividend would be paidon equity share capital of the Members whose names appeared on the Membership Register ason March 31, 2010. The amount of dividend would be linked pro-rata to the quarter in whichequity share capital was credited during the year.
Subsidy recoverable from the Government of India Rs. 1,986 Crore
Inventory of Finished Goods/Raw Materials Rs. 424 Crore
Sundry Debtors due to improved Debt Collections Rs. 339 Crore
32
izpkyu xfrfof/k;ksa ls udnh dk l`tupkyw o"kZ ds nkSjku izpkyu xfrfof/k;ksa ls l`ftr udn jkf'k c<+dj 2]811 djksM+ #i;s gks xbZ tcfd xr o"kZ
ds nkSjku ;g 1]532 djksM+ #i;s Fkh A ;g fLFkfr eq[; :i ls izpkyuxr dkS'ky esa lq/kkj] vknkuksa dhs [kir dsekudksa esa deh yk, tkus vkSj dk;Z'khy iwath ds csgrj izca/ku ls laHko gks ldh A bu fuf/k;ksa dks eq[; :i ls fuEuen ij fu;ksftr fd;k x;k %
cSadksa ls yh xbZ nh?kZ vof/k m/kkjksa dks pqdkuk 1]270 djksM+ #i;s
lkof/k _.kksa vkSj vYi vof/k _.kksa ij C;kt dk Hkqxrku 765 djksM+ #i;s
la;a=ksa esa iwathxr O;; 411 djksM+ #i;s
la;a= dk;Zfu"iknu
mRiknu
bQd® bdkbZ;ksa us viuh LFkkiuk ls ysdj 31 ekpZ] 2010 Rkd 1]190-91 yk[k eh0 Vu moZjd lkexzh dk lap;hmRiknu fd;k fTklesa 714-94 yk[k eh0 Vu ;wfj;k v©j 475-97 yk[k eh0 Vu ,uihs@,uihds@Mh,ih dk mRiknu'kkfey gSA o"kZ 2009&10 ds nkSjku bdkbZ;ksa us mRiknu ds vius fiNys lHkh fjdkMZ rksM+rs gq, vc rd dhlokZf/kd 81-98 yk[k eh-Vu moZjd lkexzh dk mRiknu fd;k fTklesa 43-24 yk[k eh-Vu lokZf/kd ;wfj;k v©j38-74 yk[k eh-Vu ,uih@,uihds@Mh,ih 'kkfey gSA bl ls iwoZ dk lokZf/kd mRiknu o"kZ 2008&09 esa 71-68 yk[kVu moZjdksa ds mRiknu dk Fkk A bl izdkj ls] lfefr us xr o"kZ dh rqyuk esa 2009&10 ds nkSjku 10-40 yk[keh0 Vu moZjdksa dk vf/kd mRiknu fd;k vkSj mRiknu esa 14-5 izfr'kr dh o`f) ntZ dh A ;wfj;k bdkbZ;ksa us vcrd dk lokZf/kd 43-24 yk[k eh-Vu dk mRiknu fd;k] tcfd xr o"kZ 40-68 yk[k eh-Vu ;wfj;k dk mRiknu gqvkFkkA bl izdkj ls] 101-9 izfr'kr dk lexz {kerk mi;ksx gkfly fd;k x;k A dkaMyk vkSj ikjknhi bdkbZ;ksa us
Jh ,e ds vykfxjh] dsUnzh; jlk;u o moZjd ea=h ls loZJs"B lexz dk;Zfu"iknu ds fy, ,Q , vkbZ dk izFke iqjLdkj izkIr djrs gq,Jh , ds flag] dk;Zdkjh funs'kd ¼rduhdh½ vkSj Jh , ds egs'ojh] ofj0 egkizcU/kd] vkaoyk A
33
GENERATION OF CASH FROM OPERATING ACTIVITIES
During the current year, cash generated from operating activities has increased to Rs. 2,811Crore against Rs. 1,532 Crore during the previous year, which was mainly due to an improvementin operational efficiency, reduction in consumption norms of inputs and better Working Capitalmanagement. The funds were deployed mainly towards:
Repayment of Long/Short Term Borrowings to Bank Rs. 1,270 Crore
Payment of Interest on Term Loans, and Short Term Loans Rs. 765 Crore
Capital Expenditure at the Plants Rs. 411 Crore
PLANT PERFORMANCE
Production
Since its inception, the Units have cumulatively produced 1,190.91 lakh MT fertiliser materialscomprising 714.94 lakh MT Urea and 475.97 lakh MT NPK/DAP up to the period endingMarch 31, 2010. During the year 2009-10, the Units surpassed all previous production records byproducing the highest-ever 81.98 lakh MT of fertilisers consisting of the highest-ever 43.24 lakh MTUrea and also the highest-ever 38.74 lakh MT NP/NPK/DAP. The previous best production level was71.68 lakh MT of fertilisers during the year 2008-09. Thus, the Society has produced an additional10.40 lakh MT of fertilisers during 2009-10 as compared to the last year, registering an increase inproduction by 14.5 per cent. Urea Units have produced the highest-ever 43.24 lakh MT as comparedto 40.68 lakh MT in the previous year, achieving an overall capacity utilisation of 101.9 per cent.Kandla and Paradeep Units have shown excellent performance producing 38.84 lakh MT NPK/DAP
NPK/DAP Plant, Kandla, Gujarat.
34
38-84 yk[k eh0 Vu ,uihs@,uihds@Mh,ih dk mRiknu djds mRd`"V dk;Zfu"iknu dj fn[kk;k tcfd xr o"kZ31-00 yk[k eh-Vu ,uihs@,uihds@Mh,ih dk mRiknu fd;k x;k Fkk A bl izdkj ls 89-4 izfr'kr dk lexz {kerkmi;ksx gkfly fd;k x;k A
ikjknhi bdkbZ us o"kZ 2009&10 ds nkSjku 15 yk[k eh-Vu ,uih@Mh,ih dk mRiknu fd;k tks fd bl bdkbZ}kjk vc rd dk lokZf/kd mRiknu gS vkSj xr o"kZ dh rqyuk esa 14-85 izfr'kr vf/kd gS A dyksy bdkbZ us o"kZ2009&10 ds nkSjku 6 yk[k eh-Vu ;wfj;k dk mRiknu fd;k tks fd bl bdkbZ }kjk vc rd dk lokZf/kd mRiknugS A vkaoyk vkSj Qwyiqj bdkbZ;ksa us Hkh vius mRiknu ds fiNys lHkh fjdkMksZa dks rksM+rs gq, 'kkunkj mRiknudk;Zfu"iknu fd;k A
dyksy vkSj Qwyiqj bdkbZ;ksa us vc rd dh lcls de ÅtkZ [kir gkfly dh A o"kZ 2009&10 ds nkSjku lHkhla;a=ksa esa izfr Vu ;wfj;k ds fy, lexz dEiksftV fof'k"V ÅtkZ [kir 5-832 thdSy@eh0Vu ;wfj;k jgh tks fd vcrd dh U;wure ÅtkZ [kir gS A bdkbZokj mRiknu dk;Zfu"iknu dk fooj.k fuEukuqlkj gS %
Qwyiqj vkSj vkaoyk la;a=ksa dh mRiknu {kerk fjoSEi dh xbZ {kerk ds vkuqikfrd vk/kkj ij gS A
dyksy foLrkj ifj;kstukbQdks us yxHkx 4]500 djksM+ #i;s ds fuos'k ls dyksy esa 1-4 fefy;u eh0 Vu {kerk okyk ;wfj;k la;a= yxkus
dh ,d ;kstuk cukbZ gS A eSllZ gYnj VksIls ,@,l] veksfu;k la;a= ds izkslsl ykblsalj dks veksfu;k la;a= dsfy, vkaf'kd csfld bathfu;fjax dk;Z lkSaik x;k Fkk ftlds vk/kkj ij ,y ,aM Vh dks ,deq'r bZihlh vk/kkj ijveksfu;k la;a= ds fu"iknu dk izLrko izLrqr djus ds fy, vkeaf=r fd;k x;k Fkk] rkfd lghs ykxr vuqekuksa dks/;ku esa j[krs gq, ifj;kstuk dk;kZUo;u ds fy, dkLV&Iyl vkSj bZihlh :Vksa ds rqyukRed ewY;kadu ds vk/kkjij bl ifj;kstuk dks iwjk fd;k tk lds A
vkWQlkbV lqfo/kkvksa ds fy, ijke'kZnkrk ihMhvkbZ,y us bl dkEiySDl ds lexz IykV Iyku dks vafre :Ik nsfn;k gS A ifj;kstuk&iwoZ xfrfof/k;ka ;Fkk lkbV losZ] dkUVw;j eSfiax] vkjafHkd ftvks VSDuhdy bUosfLVxs'ku] cSdfQfyax@xzsfMax@ysofyax vkSj ifj;kstuk lkbV dh Qsaaflax ds lkFk&lkFk igqap ekxksZa] xkMZ ikSaM ds dk;Z Hkh iwjs fd;stk pqds gSaA
mRiknu
35
as compared to 31.00 lakh MT NPK/DAP during the previous year, achieving an overall capacityutilisation of 89.4 per cent.
The Paradeep Unit achieved the production of 15 lakh MT NPK/DAP during the year 2009-10,which is the best production by Paradeep Unit so far and is 14.85 per cent higher as compared tolast year. The Kalol Unit achieved the highest-ever production of 6 lakh MT Urea during 2009-10.The Aonla and Phulpur Units have also achieved an outstanding production performance bysurpassing their previous best production records.
The Kalol and Phulpur Units achieved the lowest-ever Energy Consumption. The overall compositeSpecific Energy Consumption per tonne of Urea for all the Plants during 2009-10 was5.832 GCal/MT Urea, which is the lowest energy consumption so far. The unit-wise productionperformance was as under:
Kalol Expansion Project
IFFCO has planned setting up a new 1.4 million MT Urea Plant at the Kalol Unit with an investmentof about Rs. 4,500 Crore. Haldor Topsoe A/S, Process Licensor for the Ammonia Plant, was entrustedthe partial Basic Engineering Work for the Ammonia Plant, based on which L&T has been invitedfor submission of a proposal for the execution of the Ammonia Plant on a lumpsum EPC basis, witha view to firm-up cost estimates for the project leased on a comparative evaluation of the cost-plusand lumpsum EPC routes of project execution.
PDIL, the Consultant for offsite facilities, has finalised the overall plot plan of the complex.Pre-project activities such as site survey, contour mapping, preliminary geo-technical investigation,back-filling/grading/levelling and fencing of the project site, along with the construction of approachroads and guard pond, have also been completed.
Unit 2009-10 2008-09
Production Capacity Utl. Production *Capacity Utl.(Lakh MT) (per cent) (Lakh MT) (per cent)
UREAKalol 6.00 110.2 5.60 102.8Phulpur-I 7.23 103.5 6.63 109.1Phulpur-II 10.00 100.0 8.40 92.6Aonla-I 10.00 100.0 9.87 106.0Aonla-II 10.01 100.0 10.18 109.4SUB-TOTAL UREA 43.24 101.9 40.68 103.8NPK/DAP/NPKandla 23.74 98.3 17.94 74.3Paradeep 15.00 78.1 13.06 68.0
SUB-TOTAL NPK/DAP 38.74 89.4 31.00 71.5TOTAL PRODUCTION 81.98 95.6 71.68 86.8
Production in terms of:‘N’ 25.85 98.4 23.29 93.9‘P2O5’ 11.95 69.7 9.18 53.6
* Capacity Utilisation of Phulpur and Aonla Plants is based on proportionate revamped capacity
36
izLrkfor dyksy foLrkj ifj;kstuk&II ds fy, i;kZoj.k laca/kh fDy;jsal i;kZoj.k ,oa ou ea=ky;] Hkkjr ljdkjls izkIr gks pqdh gS A vU; lkafof/kd vuqeksnu ;Fkk xqtjkr vkSn~;ksfxd fodkl fuxe ls vukifRr izek.k i= rFkkQSDVjh funs'kky; ls IykV Iyku dk vufUre vuqeksnu Hkh izkIr fd;k tk pqdk gSA Lof.kZe xqtjkr dk;ZØe dsvarxZr bl ifj;kstuk ds dk;kZUo;u ls laca/kh ;Fkk visf{kr fDy;jsal@lgk;rk izkIr djus ds fy, xqtjkr ljdkjds lkFk ,d le>kSrk Kkiu ij gLrk{kj fd;s x;s gSaA vc ,dek= yfEcr dk;Z Hkkjr ljdkj ls xSl dk fuf'prvkoaVu gS A
foi.ku
fcØh dk;Zfu"iknu[ksrh dh n`f"V ls o"kZ 2010 cgqr vPNk o"kZ ugha jgk A [kjhQ 2009 ds nkSjku nf{k.k&if'pe ekulwu 1972 ls
ysdj vc rd dk lcls detksj ekulwu jgk A ns'k ds 36 ekSle laca/kh lc&fMfotuksa esa ls 22 lc&fMfotuksa esanf{k.k&if'pe ekulwu dh vof/k ¼twu&flrEcj] 2009½ esa de o"kkZ gqbZ A blds vykok] o"kkZ le; ij vkSj leku:i ls ugha gqbZ A fo'ks"k :i ls] tqykbZ vkSj vxLr] 2009 esa o"kkZ dh deh ls [kjhQ dh Qlyksa] fo'ks"kdj /kku dhQly ij cgqr izfrdwy izHkko iM+k A rFkkfi] o"kZ 2009 dh vafre frekgh esa vPNh ckfj'k gksus dh otg ls [kjhQdh Qlyksa dk FkksM+k cpko gks x;k vkSj 2009&10 esa jch dh Qlyksa esa lq/kkj dh vk'kk ca/kh A 2009&10 esa [kjhQesa vuktksa dk lexz mRiknu 2008&09 ds eqdkcys yxHkx 18-51 fefy;u Vu de gqvk A o"kZ 2009&10 ds nkSjkurdjhcu 218 fefy;u Vu vukt dk mRiknu gqvk tcfd 2008&09 ds nkSjku okLrfod mRiknu 233-88 fefy;uVu gqvk Fkk A
o"kZ 2009&10 ds n©jku ns'k esa mojZdksa dh vuqekfur [kiRk xr o"kZ dh 263 yk[k Vu i®"kd RkRoksa ¼,u++ih+ds½ dh[kir dh rqyuk esa FkksM+h vf/kd gS tcfd o"kZ 2008&09 ds nkSjku okLrfod [kir 249 yk[k Vu i®"kd RkRoksa dhgqbZ Fkh A bl izdkj ls] moZjdksa dh [kir esa yxHkx 5-6 ÁfRk'kRk dh o`f) ntZ dh xbZ Fkh A o"kZ 2009&10 ds n©jku;wfj;k dh [kir vuqekur% 265 yk[k Vu gqbZ tcfd o"kZ 2008&09 ds n©jku ;g [kir 266 yk[k Vu dh Fkh A o"kZ2009&10 ds n©jku Mh,ih@,e,ih@Vh,lih dh [kir esa 7 izfr'kr dh o`f) gqbZ vkSj ;g c<+dj 104 yk[keh0 Vu gks xbZ tcfd o"kZ 2008&09 ds n©jku ;g 97 yk[k Vu Fkh A o"kZ 2009&10 ds n©jku ,uihds dh [kir82 yk[k Vu gksus dk vuqeku gS tcfd 2008&09 esa 70 yk[k Vu dh [kir gqbZ Fkh A o"kZ 2009&10 ds n©jku ns'kesa ;wfj;k rFkk Mh,ih@,e,ih@Vh,lih dk Øe'k% yxHkx 52-1 yk[k Vu vkSj 59-3 yk[k Vu dk vk;kr fd;k x;kA
o"kZ 2009&10 rFkk o"kZ 2008&09 ds nkSjku lfefr ds fcØh dk;Zfu"iknu dk fooj.k fuEukuqlkj gS %
moZjdksa dh fcØh
37
Environment Clearance for the proposed Kalol Expansion Project II has been received from theMinistry of Environment and Forests (MoEF), Government of India. Other statutory approvals suchas an NOC from GIDC and provisional approval of the plot plan from the Directorate of Factorieshave also been obtained. An MoU has been signed with the Government of Gujarat under theVibrant Gujarat Programme to facilitate project clearances/assistance, as required, during projectexecution. The only pending matter is now the firm allocation of gas by the GOI.
MARKETING
Sales Performance
The year 2009-10 had not been very good from the agriculture point of view. The south-westmonsoon during Kharif 2009 was the most deficient since 1972. Out of 36 meteorologicalsub-divisions in the country, 22 recorded deficient rainfall during the south-west monsoon period(June-September 2009). Moreover, distribution of rainfall was very erratic over time and space.Deficiency in rainfall, particularly in July and August 2009, severely affected Kharif crops, especiallypaddy. However, the recovery of monsoon in the last quarter of the year 2009 protected the Kharifcrops to some extent and improved the prospects of Rabi crops in 2009-10. The overall productionof Kharif cereals in 2009-10 declined by about 18.51 million tonnes over 2008-09. The foodgrainproduction during the year 2009-10 is estimated at 218 million tonnes as against the actual233.88 million tonnes in 2008-09.
The fertiliser consumption in the country during 2009-10 is estimated to be slightly higher ascompared to last year at 263 lakh tonne of nutrients (N+P+K) as against actual of about 249 lakhtonnes of nutrients achieved during 2008-09, representing an increase of about 5.6 per cent. Ureaconsumption during 2009-10 is estimated at 265 lakh tonnes as against 266 lakh tonnes during2008-09. DAP/MAP/TSP consumption during 2009-10 is likely to be seven per cent higher at104 lakh tonnes as against 97 lakh tonnes during 2008-09. NPK’s consumption during 2009-10 isestimated at 82 lakh tonnes as against 70 lakh tonnes in 2008-09. The import of Urea andDAP/MAP/TSP in the country during 2009-10 were about 52.1 lakh tonnes and 59.3 lakh tonnes, respectively.
The Society’s sales performance during the years 2009-10 and 2008-09 is given hereunder:
*includes sale of 174.0 MT Imported NPK 19:19:19, 100% water soluble fertiliser.**Includes sale of 385.6 MT of Urea Phosphate (17:44:00), 100% water soluble fertiliser produced at Kandla Unit.
SALES OF FERTILISER MATERIAL(Lakh MT)
Material 2009-10 2008-09
UREA - Own 43.22 40.71
- Imported 20.13 17.98
SUB TOTAL 63.35 58.69
NP/NPK 27.94* 24.47
DAP/MAP - Own 11.14** 6.88
- Imported 15.84 22.54
SUB TOTAL 26.98 29.42
TOTAL (NPK/DAP) 54.92 53.89
TOTAL (UREA+NP/NPK+DAP) 118.27 112.58
38
bl o"kZ ds nkSjku bQdks us 118-27 yk[k Vu moZjdksa dh vc rd dh lokZf/kd fcØh dh] Tkcfd xRk o"kZ
2008&09 ds nkSjku 112-58 yk[k Vu moZjdksa dh fjdkMZ fcØh dh xbZ Fkh] bl izdkj ls fcØh esa yxHkx 5 ÁfRk'kRk
dh o`f) nTkZ dh xbZ A fcØh esa ;g o`f) eq[; :i ls dkjxj Iykfuax] leqfpr ykftfLVDl izca/ku vkSj le; ij
vkiwfrZ vkSj forj.k o lfefr }kjk lHkh Lrjksa ij l?ku foi.ku j.kuhfRk;ka viukus ds dkj.k g® ldhA o"kZ 2009&10
ds n©jku 63-35 yk[k Vu ;wfj;k dh fcØh gqbZ Tkcfd o"kZ 2008&09 ds nkSjku 58-69 yk[k Vu dh fcØh gqbZ Fkh]
bl izdkj ls fcØh esa yxHkx 7-9 ÁfRk'kRk dh o`f) ntZ dh xbZ A o"kZ 2009&10 ds nkSjku ,uih@,uihds@Mh,ih
dh fcØh esa yxHkx 1-9 izfr'kr dh ekewyh lh o`f) gqbZ vkSj ;g 54-92 yk[k Vu gks xbZ tcfd 2008&09 esa ;g
53-89 yk[k Vu Fkh A
foRkj.k usVodZ
bQdks vius moZjdksa dk forj.k ns'k ds 29 jkT;ksa@la?k 'kkflr izns'kksa esa lgdkfjrk ds usVodZ ls djrh gS A
viuh uhfr ds vuqlkj] bQdks vius lEiw.kZ mRiknu vkSj vk;kr dh pSusykbftax lgdkjh usVodZ ds ek/;e ls
djrh gS A
bQdks vius moZjdksa dh fcØh fofHkUu jkT;ksa esaa fLFkr 39]862 lgdkjh lfefRk;ksa ds ek/;e ls djrh gS A yxHkx
60 izfr'kr lkexzh dks lh/ks lfefr;ksa dks cspk tkrk gS tcfd 35 izfr'kr lkexzh dks QSMjs'kuksa ds ek/;e ls forfjr
fd;k tkrk gS A yxHkx 5 izfr'kr moZjdksa dks bQdks }kjk pyk, tk jgs 158 fdlku lsok dsUnzksa ds ek/;e ls
cspk tkrk gS A bQdks dh lnL; lfefr;ka ns'k ds yxHkx lHkh xkaoksa esa QSyh gqbZ gSa vkSj lgdkjh iz.kkyh dk
vk/kkj gSa A
mRikn Ápkyu
pkyw o"kZ ds nkSjku lfefr us la;a=ksa ,oa cUnjxkgksa ls yxHkx 117-7 yk[k Vu moZjd lkexzh ¼;wfj;k rFkk
,uihs@,uihds@Mh,ihs@,e,ih½ dk Ás"k.k fd;kA blesa 9-5 yk[k Vu vksebQdks ;wfj;k] Hkkjr ljdkj dh vksj ls
vk;kfrr 10-3 yk[k Vu ;wfj;k] 15-9 yk[k Vu vk;kfrr Mh,ih@,e,ih 'kkfey gS A fofHkUu canjxkgksa ls vksebQdks
vkSj vk;kfrr ;wfj;k Hkkjr ljdkj }kjk fn, x, bZlh, vkaoVu ds vuqlkj vyx&vyx jkT;ksa dks Hkstk x;k A
ekWfj'kl ds jk"Vªifr egkefge vfu:} txUukFk ls HksaV djrs gq, izca/k funs'kd] bQdks MkW- mn; 'kadj voLFkh A lkFk esa gSa ekWfj'kl lgdkjhla?k ds v/;{k Jh [ksejkt Hkjr ,oa Jh fnus'k xkso/kZu] la?k ds eq[; dk;Zdkjh A
39
During the year, IFFCO achieved the highest-ever sales of 118.27 lakh tonnes of fertiliser materialcompared to the previous year’s record sale of 112.58 lakh tonnes, representing an increase ofabout five per cent. Higher sales could be achieved primarily due to effective planning, properlogistics management combined with timely supplies and distribution, and intensive marketing strategyadopted by the Society at all levels. Urea sales during 2009-10 were 63.35 lakh tonnes as comparedto 58.69 lakh tonnes achieved during 2008-09, representing an increase of 7.9 per cent.NP/NPK/DAP sales during 2009-10 were slightly higher by about 1.9 per cent at 54.92 lakh tonnesas against 53.89 lakh tonnes in 2008-09.
Distribution Network
IFFCO distributes its fertilisers in 29 States/UTs in the country through the cooperativesystem. As a matter of policy, IFFCO is channelising its entire production and imports through thecooperative network.
IFFCO sells its fertilisers through a network of about 39,862 cooperative societies in differentStates. Nearly 60 per cent of the material was sold directly to Societies whereas 35 per cent wasrouted through Federations. About 5 per cent fertilisers are sold through 158 Farmers Service Centresrun by IFFCO. The Member Societies are well spread out, reaching out to most of the villages in thecountry and thus constitute the backbone of the cooperative network.
Product Movement
The Society despatched 117.7 lakh tonnes of fertiliser material (Urea and NP/NPK/DAP/MAP)from the plants and ports during the current year. This included 9.5 lakh tonnes of Urea from OMIFCO,10.3 lakh tonnes imported Urea on GOI Account, and 15.9 lakh tonnes importedDAP/MAP. OMIFCO and imported Urea were dispatched from the ports to different States accordingto ECA allocation given by the GOI.
A view of the Phulpur Plant, Uttar Pradesh.
40
fdlku lsok dsUæ
lfefr 10 jkT;ksa vFkkZr iatkc] gfj;k.kk] jktLFkku] fgekpy izns'k] mRrj izns'k] mRrjk[kaM] fcgkj] e/; izns'k]if'pe caxky vkSj xksvk esa vius 158 fdlku lsok dsUæksa ¼,Q,llh½ ds ek/;e ls Hkh fdlkuksa dh lsok djrh gSA,d gh Nr ds uhps moZjd] chtksa] d`f"k&jlk;uksa vkfn dh vkiwfrZ djus ds lkFk&lkFk ;s lsok dsUnz] fdlkuksa rdRkduhdh tkudkjh igqapkus ds fy, lEidZ dsUnz ds :i esa Hkh dk;Z djrs gSa A
o"kZ 2009&10 ds n©jku bu fdlku lsok dsUæksa us yxHkx 5-49 yk[k Vu moZjdksa dh fcØh dh Tkcfd o"kZ2008&09 esa 4-47 yk[k Vu moZjdksa dh fcØh dh xbZ FkhA bu fdlku lsok dsUæksa us vius vkl&ikl ds xkaoksa esavko';dRkk vk/kkfjRk lao)ZukRed dk;ZØe ;Fkk fdlku lHkk,a] feÍh dh Tkkap laca/kh vfHk;ku vk;®fTkRk fd, RkkfdmoZjdksa ds laRkqfyRk ,oa dq'ky mi;ksx dks c<+kok fn;k Tkk ldsA
vkseku ls izkIr nkusnkj ;wfj;kHkkjr ljdkj us lfefr dks vksebQdks }kjk mRikfnr 50 izfr'kr vksebQdks ;wfj;k dh gSaMfyax vkSj foi.ku dk
nkf;Ro Hkh lkSaik gS A o"kZ 2009&10 ds n©jku bQdks us dkaMyk] eqanjk] ihikoko] fotkx] dkdhukM+k Mhi okVj]Ñ".kkiV~Vue vkSj rwrhdksfju canjxkgksa ls 10-19 yk[k eh0Vu vksebQdks ;wfj;k ds 32 tgktksa dh gSaMfyax dh AvksebQdks ;wfj;k dk izs"k.k Hkkjr ljdkj }kjk fd, x, bZlh, vkaoVu ds vuqlkj vyx&vyx jkT;ksa dks fd;k x;k
ikuh esa ?kqyu'khy moZjdlfefr us xr rhu o"kksZa ds nkSjku vkbZlh,vkj] jkT; Ñf"k fo'ofo|ky;ksa ds lg;ksx ls fdlkuksa ds [ksrksa esa
;wfj;k QkLQsV ¼17%44%0½ moZjd ¼100 izfr'kr ikuh esa ?kqyu'khy½ ij xgu ijh{k.k fd, gSa A blds ifj.kke vR;armRlkgo/kZZd jgs gSa rFkk blls mPp ewY; okyh Qlyksa tSls & Qy] lfCt;kaa] Qwy rFkk xUuk vkfn esa ikuh rFkk iks"kdrRo nksuksa dh n{krk dks c<+kus ds fy, QfVZxs'ku ds egRo ij izdk'k Mkyk x;k gS A o"kZ 2009&10 ds nkSjku lfefrus 385-6 eh0Vu ;wfj;k QkLQsV rFkk 174-0 eh0Vu vk;kfrr ,uihds 19%19%19 dh fcØh dh A
lg;ksxh dEifu;ksa ,oa ,lksfl,V~l dk dk;ZO;kikj ,oa mudh foRrh; leh{kkgekjh lg;ksxh laLFkkvksa us vR;f/kd izxfr dh gS A geus Lo;a dks vkSj etcwr cukus ds fy, la;qDr m|eksa vkSj
,lksfl,V~l esa vius fuos'k dks c<+k;k gS rFkk vius ewy dkjksckj ds lkFk&lkFk lEc} dk;Z{ks=ksa esa Hkh u, voljksadh ryk'k dh gS rkfd gekjs dk;Z{ks= dk foLrkj gks lds A
31 ekpZ 2010 dks lfefr dk dqy fuos'k 892-33 dj®M+ #i;s Fkk tcfd 31 ekpZ 2009 dks ;g fuos'k 914 dj®M+#i;s Fkk] ftldk fooj.k fuEu Ádkj gS %
fofHkUu la;qä m|eksa@lg;ksxh dEifu;ksa rFkk ,lksfl,V dEifu;ksa ds dk;Zfu"iknu dk laf{kIr fooj.k fuEuÁdkj gS %
bQd®&V®D;®s Tkujy ba';®jsal daiuh fyfeVsM ¼vkbZVhTkhvkbZ½
bQd®&V®D;®s Tkujy ba';®jsal daiuh fyfeVsM ¼bQdks&VksD;ks½ dh dqy iznÙk bfDoVh iwath 247 dj®M+ #i;s gS Ablesa bQdks dk bfDoVh va'knku] vkbZih,y ds 1-36 izfr'kr lfgr] 72-64 izfr'kr gS rFkk V®D;® esjhu ,f'k;kfy0 dk va'knku 26 izfr'kr gS A foRr o"kZ 2009&10 ds nkSjku bQdks&VksD;ks dk ldy fjVu izhfe;e
31 ekpZ dks
2010 2009
la;qä m|eksa@lgk;d dEifu;ksa esa fuos'k 854-38 888-27
O;kikfjd ,lksfl,V~l esa fuos'k 37-95 25-73
;ksx 892-33 914-00
¼dj®M+ #i;s esa½
41
Farmers Service Centres
The Society also sensitises farmers through its own 158 Farmers Service Centres (FSCs) spreadover 10 States, namely, Punjab, Haryana, Rajasthan, Himachal Pradesh, U.P., Uttarakhand, Bihar,Madhya Pradesh, West Bengal and Goa. Apart from the supply of fertilisers, seeds, agro-chemicalsand so on, under one roof, these centres also serve as the contact point for providing technicalknow-how to farmers.
During 2009-10, these FSCs sold about 5.49 lakh tonnes of fertilisers as against 4.47 lakh tonnesin 2008-09. FSCs have also organised need-based promotional programmes such as farmers meetings,soil test campaigns and demonstrations in the villages around FSCs with a view to propagate themessage of balanced and efficient use of fertilisers.
Granular Urea from OMAN
The Government of India has entrusted the responsibility of the handling and marketing of50 per cent of OMIFCO Urea to IFFCO. During 2009-10, IFFCO handled 32 vessels carrying10.19 lakh tonnes of OMIFCO Urea at Kandla, Mundra, Pipavav, Vizag, Kakinada Deep Water,Krishnapatnam and Tuticorin ports. Despatches of OMIFCO Urea were made to different Statesagainst ECA allocation.
Water Soluble Fertiliser
The Society carried out extensive trials on Urea Phosphate (17:44:0) fertiliser (100 per cent watersoluble) in collaboration with ICAR, State Agricultural Universities during the last three years. Theresults were very encouraging and highlighted the importance of fertigation to increase both waterand nutrient use efficiency in high value crops such as fruits, vegetables, flowers and sugarcane.During 2009-10, the Society sold 385.6 tonnes of Urea Phosphate and 174.0 tonnes of NPK 19:19:19.
BUSINESS AND FINANCIAL REVIEW OF SUBSIDIARIES AND ASSOCIATESOur business portfolio has been steadily growing with the high growth aspirations. We have
stepped up our investments in related businesses through various Joint Ventures and AssociateCompanies in order to strengthen ourselves further by looking at new opportunities that are unfoldingand create value addition in the core fertiliser sector.
On March 31, 2010, the total investment was Rs. 892.33 Crore in comparison to Rs. 914 Crore onMarch 31, 2009, as per the following break-up:
As on March 31
2010 2009
Investment in Joint Ventures/Subsidiaries 854.38 888.27
Investment in Business Associates 37.95 25.73
Total 892.33 914.00
The performance of various Joint Ventures, Subsidiaries and Associate Companies is brieflydiscussed as under:
IFFCO-TOKIO General Insurance Company Limited (ITGI)
IFFCO TOKIO General Insurance Company Limited (IFFCO-TOKIO) has total paid-up equity capitalof Rs. 247 Crore. IFFCO holds major shares with equity contribution at 72.64 per cent along with IPLat 1.36 per cent and Tokio Marine Asia Ltd. at 26 per cent. During the financial year 2009-10,
(Rs. in Crore)
42
1639-56 dj®M+ #i;s jgk A 31 ekpZ 2010 dks lekIr o"kZ ds vuafre ys[kkvksa ds vuqlkj bldk dj iwoZ ykHk38-61 dj®M+ #i;s jgk A
bQdks&VksD;ks us foxr o"kksZa ds nkSjku ^ckfj'k chek ;kstuk^ ^ekSle chek ;kstuk^ ^fdlku lqfo/kk chek ;kstuk^tSlh vuwBh xzkeh.k chek ;kstuk,a ykxw dh gSa tks fdlkuksa dh chek vko';drkvksa dks iwjk djus ds fy, ykHkdj fl)gqbZ gSa A vkbZVhthvkbZ us ekbØks chek ;kstuk,a tSls ^turk chek ;kstuk^] ^tulqj{kk chek ;kstuk^] ^tu LokLF;chek ;kstuk^ vkSj ^efgyk lqj{kk chek ;kstuk^ ykxw dh rkfd oafprksa] fo'ks"kdj xzkeh.k leqnk; dks bldh tkudkjhgks lds rFkk mUgsa chek ;kstukvksa ds ykHk fey ldsa A vkbZVhthvkbZ dk p;u vUrjkZ"Vªh; Je laxBu ¼vkbZ ,y vks½}kjk ekbØks ba';ksjsal vuqnku ds fy, fd;k x;k gS ftlds vUrxZr vkj,QvkbZMh izks|kSfxdh dk bLrseky djdsßIk'kq/ku chekß uke ls Ik'kq chek ifj;kstuk pykbZ gSA vkbZVhthvkbZ dh vfHkuo chek ;kstuk ladVgj.k chek ;kstuk^tks lgdkjh lfefr ls [kkn [kjhnus ls lEc) gS vkSj bQdks }kjk izk;ksftr gS] us vius nlosa o"kZ esa izos'k dj fy;kgS A bl vof/k ds nkSjku bl chek ;kstuk esas flrEcj 2001 ls yxHkx 78-05 yk[k fdlkuksa dks chek lqfo/kk dsrgr yk;k x;k gS vkSj 56-74 djksM+ #i;s ¼Qjojh 2010 rd½ ds nkoksa dk Hkqxrku fd;k x;k gS A
vkbZVhTkhvkbZ }kjk fuxfer lgk;d dEiuh] bQd® V®D;® ba';ksjsal lfoZlsTk fyfeVsM ¼vkbZVhvkbZ,l½ o"kZ 2009&10esa 318 ls vf/kd LFkkuksa ij dk;Z dj jgh gS A bl daiuh us vkbZVhTkhvkbZ d® 610 dj®M+ #i;s dk lh/kk dkj®ckjfnyok;k tksfd o"kZ 2008&09 dh rqyuk esa yxHkx 10 izfr'kr vf/kd gS A
v®eku bafM;k QfVZykbtj dEiuh ¼v®ebQd®½v®eku bafM;k QfVZykbtj dEiuh ¼v®ebQd®½] ,d la;qDr m|e dEiuh gS ftlessa lfefr us 329-08 dj®M+ #i;s
dk fuos'k djds 25 ÁfRk'kRk bfDoVh dk vf/kxzg.k fd;k gqvk gSA31 fnlEcj] 2009 dks lekIr o"kZ ds nkSjku vksebQdks dk dk;Zfu"iknu vfrJs"B jgk A bl dEiuh us
20-29 yk[k eh-Vu ;wfj;k vkSj 1-25 yk[k eh0 Vu cs'kh veksfu;k dk mRiknu fd;k rFkk 322 fefy;u vesfjdhMkyj dk jktLo vkSj 146 fefy;u vesfjdh Mkyj dk dj i'pkr ykHk vftZr fd;k A bl o"kZ ds nkSjku bQdksdks vksebQdks ls 30-23 fefy;u vesfjdh Mkyj ¼143-20 dj®M+ #i;s½ dk ykHkka'k izkIr gqvk gS A vksebQdks dks28 fnlEcj 2009 dks ßfgt eStsLVh di vokMZ 2009ß Hkh iznku fd;k x;k A
bQd® NÙkhlx<+ ikoj fyfeVsM ¼vkbZlhih,y½lfefr us ftyk ljxwtk] NÙkhlx<+ esa lqijfØfVdy VSDu®y‚th ij 1320 esxkokV {kerk dk d®;yk vk/kkfjr
fo'kky fo|qr la;a= LFkkfir djus ds fy, NÙkhlx<+ jkT; fctyh c®MZ ¼lh,lbZch½ ds lkFk feydj bQd®
ckfj'k chek ;kstuk ds 'kqHkkjaHk ds volj ij chek fu;ked izkf/kdj.k ds v/;{k Jh ts- gfjukjk;.k dks Le`fr fpg~u iznku djrs gq, v/;{k]vkbZVhthvkbZ ,oa funs'kd] bQdks Jh ds Jhfuokl xkSM+k A
43
IFFCO-TOKIO recorded a GWP of Rs. 1,639.56 Crore. As per audited accounts for the year endedMarch 31, 2010, Profit Before Tax was Rs. 38.61 Crore.
IFFCO TOKIO had launched in the previous years unique rural products such as ‘Barish Bima Yojna’,‘Kisan Suvidha Bima Yojna’ and ‘Mausam Bima Yojna’ to cater to the insurance needs of the farmingcommunity. ITGI with its Micro Insurance initiatives such as Janta Bima Yojna, Jansuraksha Bima Yojna,Janswasthya Bima Yojna and Mahila Suraksha Bima Yojna, has been able to take forward the messageand benefits of insurance to the underprivileged, particularly to the rural masses. ITGI has been identifiedfor a Micro Insurance innovation grant by the International Labour Organization (ILO) to carry out theCattle Insurance project using RFID technology called ‘Pashudhan Bima’. The unique policy SankatharanBima Yojna linked with the purchase of fertiliser bags from the Cooperative Society, which has beensponsored by IFFCO, entered its tenth year of launch. During the period, the Yojna has coveredapproximately 78.05 lakh farmers and disbursed Rs. 56.74 Crore (up to February 2010) towards claimssince September 2001.
IFFCO TOKIO Insurance Services Limited (ITIS), the subsidiary company of IFFCO-TOKIO, hasextended its presence to over 318 locations in 2009-10. The Company has sourced and serviced premiumof Rs. 610 Crore for ITGI in the year 2009-10 registering a growth of about 10 per cent over 2008-09.
Oman India Fertiliser Company (OMIFCO)
Oman India Fertiliser Company (OMIFCO) is a Joint Venture Company in Oman in which theSociety has invested an amount of Rs. 329.08 Crore to acquire 25 percent equity in OMIFCO.
During the year ended December 31, 2009, OMIFCO had performed very well. The Companyproduced 20.29 lakh tonnes Urea, 1.25 lakh tonnes surplus Ammonia with its revenues atUS$322 million and Profit After Tax at US$146 million. IFFCO received a dividend of US$30.23 million(Rs. 143.20 Crore) from OMIFCO during the year. OMIFCO had also been conferred the ‘His MajestyCup Award 2009’ on December 28, 2009.
IFFCO Chhattisgarh Power Limited (ICPL)
The Society has diversified into the Power Sector by incorporating a Joint Venture Company,named, IFFCO Chhattisgarh Power Limited (ICPL), with the Chhattisgarh State Electricity Board (CSEB)
Shri P. Chidambaram, Union Home Minister, participating in an IFFCO programme in Tamil Nadu.
44
NÙkhlx<+ ikoj fyfeVsM¼vkbZlhih,y½ uked la;qä m|e daiuh dk fuxeu djds fo|qr {ks= esa Áos'k fd;k gS Abl ifj;®tuk ij 7]500 dj®M+ #i;s dh ykxr vkus dk vuqeku gS A Áeq[k Hkkxhnkj ds :i esa bQd® bl fo|qrdaiuh dh bfDoVh esa 74 Áfr'kr dk va'knku djsxh A vkbZMhchvkbZ dks blds fy, izeq[k _.k flaMhdsVj fu;qDrfd;k x;k gS rFkk mudh ØsfMV desVh us bl ifj;kstuk dk vuqeksnu dj fn;k gS A bl ifj;kstuk esa o"kZ 2013&14esa okf.kfT;d mRiknu 'kq: g® tk,xkA 31 ekpZ] 2010 rd bQd® us vkbZlhih,y dh bfDoVh esa 51-80 dj®M+ #i;sdk va'knku fd;k gqvk gS A
bl fo|qr la;a= ds dk;Zpkyu ds fy, d®;ys dh vkiwÆr lqfuf'pr djus rFkk dks;yk Cykd dks fodflr djusds fy, lh,eMhlh vkbZlhih,y dksy fyfeVsM ¼lhvkbZlh,y½ uked ,d vU; la;qDr m|e dEiuh dk Hkh xBufd;k x;k gS A bl daiuh esa lh,eMhlh dh 'ks;j iwath 51 izfr'kr rFkk vkbZlhih,y dh 'ks;j iwath 49 izfr'kr gS A
bQdks fdlku lapkj fyfeVsM ¼vkbZds,l,y½bQdks fdlku lapkj fyfeVsM dk fuxeu vizSy] 2007 esa fd;k x;k Fkk A bldk mÌss'; fdlkuksa dks mi;ksxh
lwpuk,a miyC/k djkdj mUgsa l'kDr cukuk gS rkfd muesa lrr~ Ñf"k ,oa csgrj thou ;kiu djus ds fy, lghfu.kZ; ysus dh {kerk dk fodkl gks lds A lfefr us 3-65 dj®M+ #i;s dk va'knku c<+krs gq, vkbZds,l,y dhekStwnk 'ks;j iwath dk 72-99 izfr'kr fgLlk ys fy;k gS A foRrh; o"kZ 2009&10 ds nkSjku vkbZds,l,y us 18 jkT;ksaesa vius xzkeh.k miHkksDrkvksa dks LFkku vkSj le;kuqdwy egRoiw.kZ lwpuk,a rFkk vyVZl Hkstdj viuh xfrfof/k;ksa dksvkxs c<+k;k gS A ekpZ] 2010 ds var rd vkbZds,l,y dk orZeku lClØkbcj vk/kkj yxHkx 50 yk[k Fkk ftlesaeq[;r% fdlku o xzkeh.k leqnk; ds yksx gSaa A yxHkx 22]000 lgdkjh lfefr;ka bl pSuy dk vax cu xbZ gSa rFkkmUgkasus xzkeh.k Hkkjr esa mHkjrs gq, nwjlapkj cktkj dh vlhe laHkkoukvksa dks ns[krs gq, bls O;olk; fofo/khdj.k dsfodYi ds :i esa pquk gS A vkbZds,l,y }kjk xzkeh.k {ks=ksa esa jgus okys yksxksa dh fnu&izfr fnu dh vko';drkvksals lacaf/kr 5 fu%'kqYd okbl eSlst Hksts tkrs gSa rFkk ,d gSYi ykbu ds }kjk fdlkuksa dks d`f"k laca/kh lwpuk,afo'ks"kKksa }kjk miyC/k djkbZ tkrh gSa A bl o"kZ ds nkSjku Qksu&bu rFkk fdlkuksa ds fy, fDot tSls vfHkuo dk;ZØevkjaHk fd;s x, rkfd fdlku oh,,l dk;ZØeksa esa lfØ; :Ik ls Hkkxhnkjh dj ldas A vkt rd yxHkx 1 yk[k lsvf/kd lans'k izlkfjr fd;s x, rFkk yxHkx bruh gh la[;k esa gSYiykbu iz'uksa ds mRrj fn;s x, A
vkbZds,l,y us vius oh,,l IysVQkeZ ds ek/;e ls nh xbZ tkudkjh dh xq.koRrk rFkk izklafxdrk dks lqfuf'prdjus ds fy, jkT; Ñf"k fo'ofo|ky;ksa rFkk vuqla/kku laLFkkvksa ds LkkFk egRoiw.kZ le>kSrs fd;s gSa A bl o"kZ ds nkSjkuvkbZds,l,y us ßvkbZds,l,y QkeZj gSYiykbuß uked fo'ks"k ifj;kstuk pykus ds fy, ßth,l,e, Qkm.Ms'kuß dslkFk ,d djkj fd;k gS ftldk mn~ns'; lans'kksa rFkk gSYiykbu ij nh tkus okyh fo"k; oLrq dh xq.koRrk] izca/kuiz.kkyh dh leh{kk rFkk jh&bathfu;fjax djuk gS A
us'kuy deksfMVh ,aM MsjhosfVOl ,Dlpsat fyfeVsM ¼,ulhMSDl½lfefr us us'kuy deksfMVh ,aM MsjhosfVOl ,Dlpsat fyfeVsM ¼,ulhMSDl½ dh bfDoVh esa 13-50 djksM+ #i;s
¼12 izfr'kr½ dk fuos'k fd;k gS vkSj bldh 10 djksM+ #Ik;s dh lEiw.kZ fizQjsal iwath Hkh bQdks ds ikl gS A bl le;,ulhMSDl 50 deksfMVht esa dkaVªSDV djrk gS ftuesa ls 27 Ñf"k de®fMVht] 7 ljkZQk] 6 /kkrq] 6 ÅtkZ rFkk3 ikWfyelZ vkSj ,d ,Uok;jUesaV ¼dkcZu ØssfMV½ de®fMVht gSa A
,ulhMSDl ds 840 ls vf/kd VªsÇMx vkSj fDy;Çjx lnL; gSa ftuds ikl 27]000 ls vf/kd VªsÇMx VÆeuy gSa]ftuds ek/;e ls iwjs ns'k esa 650 dsUæ a ds ,Dlpsat ls lEidZ fd;k tk ldrk gS A ,ulhMSDl us 400 ls vf/kdos;jgkml d® ekU;rk iznku dh gS ftuds ikl 1-4 fefy;u Vu ls vf/kd dh HkaMkj.k {kerk gS vkSj tks viusIysVQkeZ ls de®fMVht dh VªsÇMx ds fy, HkaMkj.k vkSj fMyhojh dj ldrs gSaA blds vykok] bl ,Dlpsat ds 62vuqe®fnr fMi®ftVjh ikVhZflisaV~l vkSj 12 fDy;Çjx cSad gSa t® muds VªsfMax vkSj fDy;Çjx lnL; a }kjk dh xbZVªsM vkijs'ku] fDy;Çjx vkSj lSVyesaV dk dk;Z ck[kwch djrs gSa A 31 ekpZ] 2009 d® lekIr o"kZ esa bldh dqy vk;72-44 dj®M+ #i;s vkSj fuoy gkfu 11-73 djksM+ #i;s jgh A foRrh; {ks= esa Hkkjh mrkj&p<+ko rFkk ,ulhMSDl dsfoRrh; <kaps ij blds izfrdwy izHkko dks ns[krs gq, 2008&09 ds nkSjku ,ulhMSDl }kjk fdlh izdkj ds ykHkka'k dh?kks"k.kk ugha dh x;h Fkh A o"kZ 2009&10 ds nkSjku ,ulhMSDl dh vk; rFkk ykHkns;rk esa lq/kkj gqvk gS A xSj&ys[kkijhf{kr ifj.kkeksa ds vuqlkj bls 96-18 djksM+ #i;ss dh vk; rFkk 21-18 djksM+ #i;s dk dj iwoZ ykHk gksus dkvuqeku gS A
us'kuy d®ysVjy eSustesaV lÆoflt fyfeVsM ¼,ulh,e,l,y½,ulh,e,l,y dk fuxeu o"kZ 2004 esa daiuh vf/kfu;e 1956 ds varxZr fd;k x;k Fkk A ,ulh,e,l,y dh
bfDoVh esa bQdks us 4 djksM+ #i;s dk fuos'k fd;k gS tks bldh iznÙk bfDoVh iawth dk 13-56 Áfr'kr gS A
45
to set up a 1320 MW coal-based Mega Power Plant based on supercritical technology in DistrictSurguja of Chhattisgarh. The project cost is estimated to be Rs. 7,500 Crore. IFFCO, as the majoritypartner, will hold 74 per cent equity in the power company. IDBI has been appointed as the LeadDebt Syndicator and its Credit Committee has approved the project. The Project is expected tocommence commercial operation in the year 2013-14. Till March 31, 2010, IFFCO has contributedan amount of Rs. 51.80 Crore towards equity in ICPL.
Another JV Company, namely, CMDC ICPL Coal Ltd. (CICL) had been formed to develop thecoal block and ensure the supply of coal to the Power Plant. This Company, CMDC, holds51 per cent Share Capital and ICPL holds 49 per cent Share Capital.
IFFCO Kisan Sanchar Limited (IKSL)
IFFCO Kisan Sanchar Limited (IKSL) was incorporated in April 2007 with the objective of empoweringfarmers with pertinent information to improve decision-making ability towards sustainable agricultureand better living. The Society has invested an amount of Rs. 3.65 Crore to acquire 72.99 per centequity in IKSL. During the financial year 2009-10, IKSL has further consolidated its activities in 18 Statesby providing location-specific, time-sensitive information and alerts to its rural subscribers. The subscriberbase of IKSL at the end of March 2010 was 50 lakh, which predominantly focuses upon the ruralcommunity. About 22,000 Cooperative Societies have become a part of this channel in terms ofdiversifying their business into this emerging telecommunication market in rural India.
Five free voice messages of immediate relevance to people living in rural areas and a helplinewith experts to provide information constitute a major source of knowledge empowerment of farmers.During the year, innovative programmes such as ‘phone-in’ and ‘quiz for farmers’ were introducedto attract active participation of farmers in VAS programmes. Till now, over 100,000 messages werebroadcast and almost the same number of helpline queries had been answered.
IKSL has forged strategic tie-ups with State Agricultural Universities and Research Institutions toensure the quality and relevance of information supplied through its VAS platform. During the year,IKSL signed an agreement with GSMA Foundation for undertaking a special project ‘IKSL FarmerHelpline’, which aims at reviewing and re-engineering the Quality Management System of the contenton messages and helpline.
National Commodity and Derivatives Exchange LImited (NCDEX)
The Society has made equity investment of Rs. 13.50 Crore and holds 12 per cent shareholding inNCDEX and its entire preference capital of Rs. 10 Crore. Currently, NCDEX offers contracts in50 commodities: 27 agricultural, 7 bullion, 6 metals, 6 energy and 3 polymers and 1 environment(Carbon Credit).
NCDEX has over 840 trading and clearing members and more than 27,000 trading terminals,which can connect to the Exchange from more than 650 centres across the country. NCDEX hasaccredited more than 400 warehouses, with a storage capacity of about 1.4 million MT for storageand delivery of commodities traded on its platform. Besides, the Exchange has approved 62 depositoryparticipants, 12 clearing banks for ensuring smooth operations, clearing and settlement of tradesput through by its trading and clearing members. For the year ended March 31, 2009, the totalincome was Rs. 72.44 Crore and net loss was Rs. 11.73 Crore. Considering the turmoil in the financialsector and its adverse impact on the financials of NCDEX, no dividend was declared by NCDEXduring 2008-09. The income and profitability of NCDEX have improved during 2009-10. As perunaudited results, the total income has been estimated at Rs. 96.18 Crore with Profit Before Taxof Rs. 21.18 Crore.
National Collateral Management Services Limited (NCMSL)
NCMSL was incorporated in 2004 under the Companies Act, 1956. IFFCO has made an equityinvestment of Rs. 4 Crore and holds 13.56 per cent of the paid-up equity capital in NCMSL, which
46
,ulh,e,l,y Hkkjr esa LFkkfir deksfMVh fjLd eSustesaV ds {ks= esa jk"Vªh; Lrj dh igyh daiuh gSA ;g daiuhdeksfMVh ds fofHkUu pj.kksa rFkk bUosUVªh gS.Mfyax esa vkus okys fofHkUu tksf[keksa ds izca/ku ds fy, ,d Nr ds uhPksfofHkUu lsok,a iznku djrh gS A
orZeku esa ,ulh,e,l,y lHkh egRoiw.kZ LFkkuksa dks doj djrs gq, 400 ls vf/kd os;jgkml dh gS.Mfyax djrhgS A ,d nh?kkZof/k ;kstuk ds :i esa ,ulh,e,l,y viuk Hk.Mkj.k <kaPkk rS;kj djus ij fopkj dj jgh gS rkfdHk.Mkj.k fdjk, esa deh yk;h tk lds rFkk vkxs pydj fdjk, dks dqy vk; ds yxHkx 20 izfr'kr ij ds Lrj rdyk;k tk lds A ,ulh,e,l,y dks vk'kk gS fd u, fctusl ekWMy ls dkjksckj esa c<+ksrjh gksxh rFkk viuh Hk.Mkj.k{kerk dks c<+kus ls ekftZu esa Hkh dbZ xq.kk c<+ksrjh gksxh A o"kZ 2008&09 ds n©jku ,ulh,e,l,y d® 74-51 dj®M+#i;s dh dqy vk; gqbZ vkSj 2-35 dj®M+ #i;s dk dj&i'pkr ykHk gqvk A
fdlku baVjus'kuy VªsÇMx ,QtSMbZ ¼dsvkbZVh½fdlku baVjus'kuy VªsÇMx ,QtSMbZ ¼dsvkbZVh½] dh LFkkiuk lfefr dh iw.kZ LokfeRo okyh lgk;d daiuh ds :i
esa vizSy] 2005 esa nqcbZ esa dh xbZ Fkh A bl dEiuh us vius dk;Zpkyu dk ikapoka foÙk o"kZ lQyrkiwoZd iwjk djfy;k gS A
dsvkbZVh vUrjkZ"Vªh; O;kikj ds {ks= esa ,d Áeq[k laLFkk cu xbZ gS t® fofHké moZjd a rFkk moZjdksa ds fy, dPpseky ,oa bUVjehfM,V~l dk vk;kr&fu;kZr djrh gS A dsvkbZVh us Hkkjr ls phu d® y©g v;Ld QkbUl dk fu;kZrdjus dh fn'kk esa Hkh dne mBk;s gSa A dsvkbZVh us Áeq[k mRiknd a] ÁR;{k foØsrkvksa vkSj vU; Áeq[k VªsÇMx daifu; ads lkFk vius lEca/k fodflr fd;s gSa vkSj moZjd a ds foi.ku ds {ks= esa bldk uke ,d tkuk&ekuk uke gks x;kgS A dsvkbZVh us jkT; O;kikj m|eksa ;Fkk ,e,eVhlh vkSj vkbZih,y ds ek/;e ls Hkkjr esa vk;kfrr ;wfj;k dhvko';drk d® iwjk djus ds Á;kl Hkh fd;s gSa A dsvkbZVh us Hkkjr esa fofHkUu miHkksDrkvksa ds fy, rS;kj moZjd ;FkkMh,ih] ,e,ih dk Hkh vk;kr fd;k A o"kZ 2009&10 ds n©jku dsvkbZVh us 51-80 dj®M+ #i;s dk ykHkka'k vnkfd;k A o"kZ 2009&10 ds n©jku dsvkbZVh us 404 fefy;u vesfjdh Mkyj dk fcØh dkjksckj fd;k vkSj13-94 fefy;u vesfjdh Mkyj dk fuoy ykHk vftZr fd;k A
t®MZu bafM;k QÆVykbtj daiuh ¼ftQdks½bQd® vkSj t®MZu QkLQsV~l ekbUl daiuh fyfeVsM ¼tsih,elh½] t®MZu us **Ýh t®u** flLVEk ds varxZr tksMZu
esa b'khfn;k esa 1]500 Vu Áfr fnu ih2v¨5 {kerk dk ,d QkLQ®fjd ,flM la;a= yxkus ds fy, 6 ekpZ] 2008 d®vEeku] t®MZu esa tksMZu bafM;k QÆVykbtj daiuh ¼ftQd®½ dk lhfer nkf;Ro okyh la;qä m|e daiuh ds :iesa xBu fd;k Fkk A bl daiuh esa bQd® dh bfDoVh 52 Áfr'kr gS tcfd tsih,elh dh bfDoVh 48 Áfr'kr gS A
xzkseSDl ds eq[; dk;Zdkjh vf/kdkjh Jh gSEczqd ,oa vesjhdkt ds eq[; dk;Zdkjh vf/kdkjh ds lkFk le>kSrk Kkiu ij gLrk{kj djus ds ckn gkFkfeykrs gq, bQdks ds izca/k funs'kd] MkW- mn; 'kadj voLFkh ,oa la;qDr izca/k funs'kd Jh jkds'k diwj A
47
is the country’s leading organisation in the area of Commodity Risk Management, providing abouquet of services to manage risks across various stages of commodity and inventory handlingunder a single umbrella.
Currently, NCMSL handles more than 400 warehouses across India covering all strategic locations.As a long-term plan, NCMSL envisages to own the infrastructure and to bring down the rent to alevel of around 20 per cent of the gross income in the long term. NCMSL expects that the newbusiness model will increase its business volumes and margins manifold on account of self-ownedwarehousing storage capacities. For the year 2008-09, the Company achieved a total income ofRs. 74.51 Crore and Profit After Tax of Rs. 2.35 Crore.
Kisan International Trading FZE (KIT)
Kisan International Trading FZE (KIT) was set up as a wholly-owned subsidiary of the Society inDubai in April 2005. The outfit has successfully completed its fifth financial year of operation.
KIT has become a leading international trading organisation, which handles the import and exportof various fertilisers and fertiliser raw materials and intermediates. KIT has also ventured into exportof Iron Orefines from India to its buyers in China. KIT has developed business relations with leadingmanufacturers, direct sellers and other leading trading entities and has become a name to reckonwithin the international fertiliser market. KIT has also been catering to the requirement of importedUrea for consumption in India through State Trading Enterprises such as MMTC and IPL. KIT has alsosourced finished fertilisers such as DAP and MAP for various customers in India. A dividend ofRs. 51.80 Crore was paid by KIT during 2009-10. KIT achieved a turnover of US$ 404 million with anet profit of US$ 13.94 million during 2009-10.
Jordan India Fertilizer Company (JIFCO)
IFFCO and Jordan Phosphates Mines Company Ltd (JPMC), Jordan, had formed a Limited LiabilityJoint Venture Company, namely Jordan India Fertiliser Company (JIFCO) on March 6, 2008, in Amman,Jordan, under the ‘Free Zone’ system to set up a Phosphoric Acid Plant of 1,500 tonnes per day
His Majesty King Abdulla II, King of Hashemite Kingdom of Jordan, H.E. Walid Ismail Kurdi, Chairman, JPMC andDr. U.S. Awasthi, Managing Director, IFFCO, at the foundation stone laying ceremony of the JIFCO Project at Eshidiya, Jordan.
48
bQdks us 31 ekpZ 2010 rd ftQdks esa viuh bfDoVh ds :Ik esa 59-11 djksM+ #i;ss dk fuos'k fd;k gS A tsih,elhbl ifj;®tuk ds fy, okafNr ek=k esa j‚d QkLQsV miyC/k djk,xh A bl ifj;kstuk ij yxHkx 640 fefy;uvejhdh Mkyj dh ykxr dk vuqeku gS A baVjus'kuy Qkbusal dkji®js'ku ¼vkbZ,Qlh½ d® bl ifj;®tuk ds fy,Áeq[k foÙkh; O;oLFkkdrkZ&lg&lykgdkj ds :i esa fu;qä fd;k x;k gS A bl ifj;kstuk ds fy, tksMZu ljdkjls ,Uok;juesaVy fDy;jsal lfgr vko';d vuqeksnu vkSj fDy;jsal izkIr gks x;h gSa rkfd lkbV ij fuekZ.kxfrfof/k;ka vkjaHk dh tk ldsa A bl la;a= dh vk/kkjf'kyk 03 vDVwcj] 2009 dks bf'kfn;k esa j[kh xbZ Fkh A blifj;kstuk ds fy, 14 vizSy 2010 dks thjks MsV ?kksf"kr fd;k x;k gS A
bQd® fdlku ,lbZtSM fyfeVsMlfefr us uSYywj ¼vka/kz Áns'k½ esa ,d cgq&mRikn **bQd® fdlku ,lbZtSM ** dh LFkkiuk dk dk;Z vkjaHk fd;k
gS ftldk ÁkFkfed y{; [kk| ÁlaLdj.k vkSj Ñf"k vk/kkfjr m|®x g®axs A bl ifj;®tuk dk dk;kZUo;u bldh iw.kZLokfeRo okyh lgk;d laLFkk bQd® fdlku ,lbZtSM fy0 ¼vkbZds,lbZtSM½ ds ek/;e ls fd;k tk,xk rFkk bl ijyxHkx 660 djksM+ #i;s dk fuos'k gksxk A bl eYVhizksMDV Lis'ky bdksukfed tksu ds fodkl] izpkyu rFkkj[kj[kko ds fy, Hkkjr ljdkj ls vkSipkfjd vuqeksnu izkIr gks x;k gS A bl ifj;kstuk ds fy, pkjfnokjh dkfuekZ.k dk;Z iwjk gks x;k gS A ,lbZtSM ds ekLVj Iyku dks vafre :Ik ns fn;k x;k gS A ,lbZtSM ds uksfVfQds'kuds fy, vkosnu izLrqr dj fn;k x;k gS tks okf.kT; ea=ky; ds fopkjk/khu gS rFkk blds 'kh?kz uksfVfQds'ku dhlaHkkouk gS A
bl ,lbZtSM esa viuh izpkyu bdkbZ;ka LFkkfir djus ds fy, fofHkUu fons'kh rFkk Lons'kh fuos'kdksa ls vk'k;i= izkIr gq, gSa A
bafM;u i®Vk'k fyfeVsM ¼vkbZih,y½bQdks us bafM;u i®Vk'k fyfeVsM ¼vkbZih,y½ esa 2-68 dj®M+ #i;s dk fuos'k fd;k gqvk gS t® fd vkbZih,y dh
ÁnÙk bfDoVh 'ks;jiwath dk 34 Áfr'kr gSA vkbZih,y Áeq[k :i ls i®Vkf'kd rFkk xSj&i®Vkf'kd moZjd a ds vk;krdk dkj®ckj djrh gS A o"kZ 2008&09 ds n©jku bl daiuh us ,ev¨ih] Mh,ih vkSj ;wfj;k dh fcØh esa vPNh o`f)ntZ dh] ftlds ifj.kkeLo:i bldk fcØh dkj®ckj c<+dj 32]155 dj®M+ #i;s g® x;k vkSj blus 106 dj®M+ #i;sdk fuoy ykHk vÆtr fd;k A bQdks dks vkbZih,y ls o"kZ 2008&09 ds n©jku ykHkka'k ds :i esa 0-97 dj®M+ #i;sÁkIr gq, A
v/;{k Jh lqjsUnz dqekj tk[kM+] izca/k funs'kd MkW- mn; 'kadj voLFkh] la;qDr izca/k funs'kd Jh jkds'k diwj] eq[; dk;Zdkjh vf/kdkjhJh ,e jktk'ks[kjS;k] ,lbZtSsM vkSj uhnjySaM ds vf/kdkjh ogka ds ,d Ms;jh QkeZ esa A
49
P2O5 capacity at Eshidiya in Jordan. In this company, IFFCO holds 52 per cent equity, while JPMCholds 48 per cent equity. IFFCO had so far invested Rs. 59.11 Crore as its equity in JIFCO up toMarch 31, 2010. JPMC will make available the required quantity of Rock Phosphate for the project.The project cost is estimated at around US$ 640 million. The International Finance Corporation(IFC) has been appointed as the Lead Financial Arranger-cum-Advisor for the project. The projecthas obtained necessary approvals and clearances including Environmental Clearance from theGovernment of Jordan to start construction activities at the site. The Foundation Stone of the plantwas laid at Eshidiya site on October 3, 2009. April 14, 2010, has been declared as the zero date ofthe project.
IFFCO Kisan SEZ Limited
The Society is setting up a multi-product ‘IFFCO Kisan SEZ’ at Nellore (Andhra Pradesh) withprimary focus on Food Processing and Agri-Based Industries. The project will be implemented throughits wholly-owned subsidiary ‘IFFCO Kisan SEZ Limited (IKSEZ)’ with an investment of aboutRs. 660 Crore. The formal approval for ‘Development, Operation and Maintenance of the MultiProduct Special Economy Zone’ had been received from the Government of India. The constructionof the boundary wall has been completed. The Master Plan of the SEZ has been finalised. Theapplication for the notification of the SEZ has been submitted and is under the consideration of theMinistry of Commerce and the notification is expected shortly.
Letters of Intent have been received from various overseas and domestic investors for setting uptheir operations in SEZ.
Indian Potash Limited (IPL)
IFFCO holds an investment of Rs. 2.68 Crore in Indian Potash Limited (IPL) with equity shareholding of 34 per cent in the paid-up equity share capital of IPL. IPL is primarily engaged in thetrading of imported Potassic and Non-Potassic fertilisers. During the year 2008-09, the companyachieved a healthy increase in volume sales of MOP, DAP and Urea, resulting into the highest-eversales turnover of Rs. 32,155 Crore, earning a Net Profit of Rs. 106 Crore. IFFCO received a dividendof Rs. 0.97 Crore from IPL for the year 2008-09.
Dr. G.N. Saxena, Director (Coop. Dev.), complimenting Dame Pauline Green on her election as the first woman Presidentof ICA. Also seen in the picture, Mr. Li-Chunshen, President, Board, ICA, Asia-Pacific.
50
baMLVªht f'kfeDl Mw flusxy ¼vkbZlh,l½vkbZlh,l dh bfDoVh esa bQdks us 80-37 dj®M+ #i;s dk fuos'k fd;k gqvk gS t® fd bfDoVh 'ks;jiwath dk
18-54 Áfr'kr gS A vkbZlh,l fu;kZr ds fy, QkLQ®fjd ,flM vkSj Äjsyw [kir ds fy, QkLQsfVd moZjd a dkmRiknu djrh gS A vkbZlh,l dh okf"kZd mRiknu {kerk 660]000 eh0Vu QkLQ®fjd ,flM ¼ ih
2vksss
5 ds :i esa½
gS A o"kZ 2009 esas vkbZlh,l ds iqu%iwathdj.k vkSj iqu%lajpuk ds i'pkr~ u, funs'kd eaMy dk xBu fd;k x;k gSvkSj bQdks dalksfVZ;e us vkbZlh,l dk izca/k fu;a=.k vius gkFk esa ys fy;k A iwjh {kerk dk mi;ksx djus ds fy,vkSj mRiknu dk;Zfu"iknu esa lq/kkj ykus ds fy, vkbZlh,l ds la;a=ksa vkSj jkWd QkLQsV [kkuksa ds iquokZl dk dk;Z'kq: fd;k x;k gS A vkbZlh,l us o"kZ 2009 ds nkSjku bQdks dks 256]561 eh0Vu ih
2vksss
5 dk fu;kZr fd;k tks o"kZ
2008 dh rqyuk esa yxHkx 39 izfr'kr vf/kd gSA
yhtSaM baVjus'kuy gksfYMaXl bad] vkLVªsfy;k ¼yhtSaM½
bQdks vkSj yhtSaM baVjus'kuy gksfYMaXl bad ¼yhtSaM½] vkLVªsfy;k us yhtSaM esa bfDoVh Hkkxhnkjh ds fy,14 tqykbZ] 2008 dks ,d 'ks;jgksYMj djkj ij gLrk{kj fd, vkSj yhtSaM dh [kuu ifj;kstuk ls jkd QkLQsV dkvk;kr djus ds fy, djkj fd;kA
yhtSaM ds ikl DohalySaM {ks=] vkLVªsfy;k esa [kuu ds ykblsal gSa vkSj blds ikl 16 izfr'kr ih2vksss
5 okyh
1-0 fcfy;u Vu Áfr o"kZ ds fgLVksfjdyh fMQkbaM QkLQsV HkaMkjksa esa fgLlsnkjh gS A yhtSaM dk vkjafHkd y{; izfro"kZyxHkx 0-5 ls 1-0 fefy;u ßMk;jsDV f'kfiax vkWj ¼Mh,lvks½ß xzsM jkWd ds [kuu dk gS ftls bQdks dks fu;kZr fd;ktk,xk] vkxs pydj bldh {kerk dks c<+kdj 5 fefy;u Vu izfr o"kZ djus dk y{; gS ftlls izfro"kZ csfuQhfl,VsMdUluVªsVsM QkLQsV jkWd fey ldsxh A
yhtSaM dks blds Mh&Vªh izkstsDV VsusesaV~l] ftlds ikl 15 izfr'kr ih2vksss
5 ds 305 fefy;u Vu ds izekf.kr HkaMkj
gSa] dk [kuu iV~Vk Hkh fey x;k gS AyhtSaM ls o"kksZa ls feyus okys jkWd QkLQsV ls fdlku HkkbZ;ksa ds fgrkFkZ mRre fdLe ds moZjdksa ds mRiknu esa
lgk;rk feysxh A
vejhdkt isVªksxSl bad] dukMk
bQdks rFkk bldh lg;ksxh laLFkkvksa usa vejhdkt isVªksxSl bad] dukMk ¼,ihvkbZ½ esa 10 izfr'kr dh HkkxhsnkjhrFkk xzkseSDl ,xzh dkjiksjs'ku esa 20 izfr'kr dh Hkkxhsnkjh dh gS A ,ihvkbZ ,d ifCyd fyLVsM duSfM;u dEiuhgS ftlds vtsZUVhuk esa rsy rFkk xSl QhYM gSa rFkk is: esa iksVk'k ds HkaMkj gaS A ,ihvkbZ ds ikl 11 Cykd gSa tksrsy rFkk xSl ds [kuu ds fy, vtsZUVhuk ds U;wdsu csflu esa 1-37 fefy;u ,dM+ esa QSys gq, gSa A blds ,d Cykd¼esnkfurks lwj½ esa tuojh] 2010 ls Vªk;y mRiknu vkjaHk gks x;k gS A ,ihvkbZ ds ikl is: ds lspqjk {ks= esa iksVk'kds HkaMkjksa esa yxHkx 900 oxZ fd0eh0 dk lQsZl ,oa lclQsZl ds vf/kdkj gSa tks duSfM;u lg;ksxh laLFkk xzkseSDl,xzh dkjiksjs'ku ¼xzkseSDl½ esa 80 izfr'kr dh fgLlsnkjh ds ek/;e ls gS A xzkseSDl ,xzh dkjiksjs'ku dh 100 izfr'krLokfeRo dh ,d iS:fo;u daiuh gS & vejhdkt iksVk'k is: ,l-,-] ftlds ikl 7 fefy;u Vu dslhvkbZ ds iksVk'kHkaMkj gSa A xzkseSDl us vkjaHk esa 0-25 fefy;u eh0Vu izfr o"kZ ,evksih dh {kerk dh iksVk'k ifj;kstuk LFkkfir djusdk izLrko fd;k gS ftl ij 125 fefy;u vesfjdh Mkyj dh ykxr vkus dk vuqeku gS A bl ifj;kstuk ls lksfM;eDyksjkbM] eSxfuft;e DyksjkbM rFkk vU; cgqewY; mRiknksa dk Hkh mRiknu fd;k tk,xk A bQdks ,oa mldhlg;ksxh laLFkkvksa dks is: ifj;kstuk ls 50 izfr'kr iksVk'k vkWQVsd djus dk vf/kdkj gksxk A iksVk'k dk ewY;Hkkjrh; cktkj ds fy, ykxw varjkZ"Vªh; cktkj ewY;ksa ij vk/kkfjr gksxk A
fotu 2015izxfr ,oa fodkl ds vius y{; dks gkfly djus ds fy,] bQdks us viuh dkjiskjsV ;sktukvksa ßfe'ku 2005ß ,oa
ßfotu 2010ß dks rS;kj fd;k Fkk rFkk mUgsa lQyrkiwoZd dk;kZfUor fd;k Fkk A bu ;kstukvksa ds ifj.kkeLo:IkbQdks us viuh ekStwnk bdkbZ;ksa dk foLrkj djds] fons'kksa esa la;qDr m|e daifu;ka LFkkfir djds] u, {ks=ksa esafofo/khdj.k djds jklk;fud moZjdksa dk mRiknu rFkk foi.ku djus okyh ,d lcls cMh laLFkk cuus dk xkSjoizkIr fd;k gS A
51
Industries Chimiques Du Senegal (ICS)
IFFCO holds an investment of Rs. 80.37 Crore with equity shareholding of 18.54 per cent in ICS,which manufactures Phosphoric Acid for export and Phosphatic fertilisers for domestic consumption.ICS has capacity to produce 660,000 MT of Phosphoric Acid (as P2O5) per year. Post restructuringand recapitalisation of ICS in 2009, the new Board had been reconstituted and the IFFCO consortiumhad taken over the management control of ICS. Major rehabilitation work has been taken up of ICSplant facilities and rock phosphate mines for improving the production performance to achieve fullcapacity utilisation. The company exported 256,561 MT of P2O5 to IFFCO in the year 2009, whichis about 39 per cent higher than 2006.
Legend International Holdings Inc, Australia (LEGEND)
IFFCO and Legend International Holdings, Inc. (LEGEND), Australia, entered into a Shareholders’Agreement on July 14, 2008, for IFFCO’s equity participation in Legend and the import of RockPhosphate from Legend’s Mining Project.
Legend has exploration interests in Queensland Territory, Australia, having historically definedPhosphate deposits of 1.0 billion tonnes at 16 per cent P2O5. Legend is initially targeting to mineabout 0.5 to 1 million tonnes per annum of ‘Direct Shipping Ore (DSO)’ grade Rock for export toIFFCO and in due course target to increase its capacity to five million tonnes per annum of beneficiatedconcentrate Phosphate Rock.
Legend has been granted mining lease in majority of its D-Tree Project Tenements having provenreserves of 305 million tonnes at 15 per cent P2O5.
The Rock Phosphate supplies arriving over the years from Legend will help in production of qualityphosphatic fertilisers in the interests of farmers.
Americas PetroGas Inc, Canada
IFFCO and its Associates have acquired about 10 per cent stake in Americas Petro Gas Inc.,Canada (API) along with 20 per cent stake in GrowMax Agri Corp. API is a public-listed CanadianCompany having interests in Oil and Gas fields in Argentina and Potash reserves in Peru. API holds11 blocks having 1.37 million acres in Neuquen basin of Argentina for exploration of oil and gas. Trialproduction on one of its block (Medanito Sur) has commenced from January 2010. API also holdsabout 900 sq. km. of surface and sub-surface rights in the deposits of Potash in Sechura Province ofPeru through their 80 per cent owned Canadian subsidiary GrowMax Agri Corp (GrowMax). TheGrowMax Agri Corp owns 100 per cent of Americas Potash Peru S.A., a Peruvian company withinterest in Potash deposit. The GrowMax proposes to set up the Potash project initially with capacityof 0.25 million MT per annum MOP at an estimated capital cost of US$ 125 million. The project alsohas the potential to produce Sodium Chloride, Magnesium Chloride and other valuable products.IFFCO and its Associates would have right to 50 per cent Potash offtake from the Peru project. Theprice of the Potash will be based on international market prices applicable for the Indian market.
VISION 2015In pursuit of its growth and development, IFFCO had embarked upon and successfully implemented
its Corporate Plans, ‘Mission 2005’ and ‘Vision 2010’. These plans have resulted in IFFCO becomingone of the largest producers and marketeers of chemical fertilisers by expansion of its existing Units,setting up joint venture companies overseas and diversification into new sectors.
52
bQdks us vc ,d foLr`r ;kstuk ßfotu&2015ß dh :Ikjs[kk rS;kj dh gS ftlds fuEufyf[kr mn~ns'; gSa%
� ekStwnk bdkbZ;ksa dk foLrkj djds moZjdksa dk mRiknu A� ns'k rFkk fons'k esa la;qDr m|eksa ds ek/;e ls moZjd mRiknu lqfo/kkvksa dh LFkkiuk A� vU; ykHkdkjh {ks=ksa esa fofof/kdj.k A� ns'k rFkk fons'k esa LVªSVsftd la;qDr m|eksa ds ek/;e ls dPps eky dh lksflZax dks etcwr djuk A� bQdks dUlksfVZ;e ds ek/;e ls LVªSVsftd ,yk;Ul A
ßfotu&2015ß dh eq[; fo'ks"krk,a fuEufyf[kr gSa %� jk"Vª dh [kk| lqj{kk dks /;ku easa j[krs gq, moZjdksa ds mRiknu esa ,d vxz.kh laLFkk dk viuk LFkku cuk, j[kuk A� MkWmu LVªheoSY;w ,fM'ku rFkk QkjoMZ@cSdoMZ bUVhxzs'ku ds ek/;e ls vius eq[; dkjksckj dks vf/kd ls
vf/kd c<+kuk A� LVªSVsftd la;qDr m|eksa rFkk flusjftfLVd vf/kxzg.kksa ds ek/;e ls vUrjkZ"Vªh; cktkjksa esa viuh mifLFkfr
dks c<+kuk A� vius LVSdgksYMjksa dks vf/kd ls vf/kd ykHk igqapkus ds fy, vU; ykHkdkjh dkjksckjksa esa izos'k djuk A� viuh oSf'od izfrLi}kZRedrk dks cuk, j[kus ds fy, vR;k/kqfud izkS|ksfxfd;ksa rFkk fo'o dh loZJs"B iz.kkfy;ksa
dks viukuk A� moZjd mi;ksx ds dkS'ky esa lq/kkj ykus ds fy, ,dhÑr iks"kd rRo izca/ku dks c<+kok nsuk rFkk moZjd mi;ksx
dh dq'kyrk ds fy, LFkkuh; fof'k"V vuqla/kku dks c<+kok nsuk A� ekSle laca/kh ifjorZu dks jksdus ds fy, ÅtkZ [kir esa deh djds rFkk csgrj lalk/ku izca/ku vkSj uohuhdj.k
ÅtkZ lalk/kuksa }kjk mRiknu esas fLFkjrk cuk, j[kuk A� lgdkjh lfefr;ksa dks vkfFkZd :Ik ls ln`<+ cukuk] mUgsa O;kolkf;d n`f"V ls pykus esa lgk;rk djuk rFkk Ñ"kd
leqnk; dks vk/kqfud Ñf"k i}fr;ksa dh tkudkjh nsuk rkfd mRikndrk esas lq/kkj yk;k tk lds vkSj xzkeh.k Hkkjrdk l'kfDrdj.k lqfuf'pr fd;k tk lds A
� izfr o"kZ 15 fefy;u Vu ds [email protected] dk y{; izkIr djuk rFkk 30]000 dj®M+ #i;s dk okf"kZd VuZvksojgkfly djuk A
dkji®jsV lkekftd nkf;RoewyHkwr lgdkjh fl)kUrksa ds vuqlj.k esa rFkk lgdkjh {ks=ksa dh izeq[k lfefr gksus ds dkj.k bQd® esa dkji®jsV
lkekftd nkf;Ro ¼lh,lvkj½ dk vFkZ vkÆFkd fodkl dh xfr d® cuk, j[kuk] deZpkfj; a vkSj muds ifjokj dslnL; a] LFkkuh; leqnk; vkSj cM+s iSekus ij LFkkuh; y®x a vkSj lekt ds fy, dk;Z djuk gS ftlls bQd® ds fgrksads vuq:Ik dk;Z djrs gq, muds thou Lrj esa lq/kkj yk;k tk lds A vius dkji®jsV lkekftd nkf;Roksa esa lfefri;kZoj.k laj{k.k iz;klksa dh i{k/kj gS rFkk muesa Hkkxhnkjh djrh gS A lgh ek;u a esa lrr~ iz;kl rks ogh gS t® O;kikjds Lo:i ij ldkjkRed ÁHkko Mkysa vkSj ftuds ifj.kke izR;{k fn[kkbZ nsaa A
vkidh lfefr lkekftd nkf;Roksa ds ekey a esa oSfÜod ÁfØ;k dk ikyu djrh gS vkSj ,dhÑr cgqLVSd gksYMjvo/kkj.kk d® viukrhs gS ftlesa i;kZoj.k vkSj lkekftd igyqvksa d® 'kkfey fd;k tkrk gS A vius bUgha nkf;Ro ad® fuHkkus ds Á;kl ds :i esa vkidh lfefr us lkeqnkf;d fodkl] i;kZoj.k laj{k.k vkSj ckxokuh] LokLF; dhns[kHkky@fpfdRlk lqfo/kkvksa vkSj lk{kjrk c<+kuk@l'kfädj.k dk;ZØe a tSlh dbZ xfrfof/k;ka vkjaHk dh gSa A pkywfoÙk o"kZ ds n©jku vkidh lfefr us fofHké lkekftd fodkl xfrfof/k; a ij 45-92 dj®M+ #i;s dh jkf'k [kpZ dhgS ftldk foLr`r fooj.k fuEu Ádkj gS %
xzke vaxhdj.kbQdks }kjk xzke vaxhdj.k dk;ZØe bl mÌs'; ls 'kq: fd;k x;k Fkk fd xzkeh.k {ks= a dk lexz lkekftd&vkÆFkd
fodkl gks vkSj ;s dk;ZØe moZjd a ds lgh vkSj larqfyr mi;®x ij cy nsus] mér fdLe ds cht a ds mi;ksx vkSjcsgrj QkeZ eSustesaV ds fof'k"V iz;kstu ls ykxw fd;s x;s Fks A o"kZ ds n©jku LFkkuh; vko';drkvksa d® /;ku esaj[krs gq, bl dk;ZØe ds varxZr fofHké lao)ZukRed] lkekftd vkSj lkeqnkf;d fodkl dk;ZØe a dk vk;®tufd;k x;kA buesa LokLF; o i'kq LokLF; tkap vfHk;ku] xzkeh.k efgykvksa ds fy, izf'k{k.k dk;ZØe rFkk is;tylqfo/kk,a miyC/k djkuk vkfn 'kkfey gSa A o"kZ 2009&10 ds nkSjku bQdks us bl dk;ZØe ds rgr 434 vaxhÑr xkaoksadk lokZxh.k fodkl fd;k A
53
IFFCO has now visualised a comprehensive plan titled ‘Vision-2015’ which will be guided bythe following objectives:� Production of fertilisers through expansion of existing units.� Setting up of fertiliser production facilities in India and outside the country through joint ventures.� Diversification into other profitable sectors.� Strengthening its raw material sourcing through strategic joint ventures in India and abroad.� Strategic alliances through IFFCO Consortium.
The salient features of the ‘Vision-2015’ document are as under:� To stand as a Global Leader in fertiliser production to cater to the food security need of
the nation.� Maximising the synergies of the core business through downstream value additions and forward/
backward integrations.� Enhancing presence in international markets through strategic joint ventures and
synergistic acquisitions.� Diversification into other profitable businesses to maximise returns to our stakeholders.� Leveraging state-of-the-art technologies and global best practices to retain its
global competitiveness.� Promoting Integrated Nutrient Management to improve efficiency of fertiliser use and promoting
location specific research on efficient fertiliser practices.� To bring in sustainability and strategies to prevent climate change by reducing energy consumption,
better resources management and promoting renewable energy sources.� To help the cooperative societies become economically strong, professionally managed and to
equip the farming community with advanced agricultural practices for improved productivity, toensure an empowered rural India.
� Achieve fertiliser production/marketing target of 15 million tonnes per annum with an annualturnover of Rs. 30,000 Crore.
CORPORATE SOCIAL RESPONSIBILITY (CSR)In line with cardinal cooperative principles, as a leading cooperative society, the Corporate Social
Responsibility (CSR) in IFFCO is the commitment to contribute to the sustainable economicdevelopment, working with employees and their families, the local community and Society at largeto improve their quality of life in ways that are also good for IFFCO. In its CSR strategy, the Societyinter-alia advocates and participates in the initiatives for preservation of the environment. Trulysustainable initiatives are those that have a positive and tangible benefit on the health ofthe business.
Your Society follows the global practice of addressing CSR issues in an integrated multi-stakeholderapproach covering the environment and social aspects. In its endeavour to discharge its responsibility,your Society has undertaken activities in the areas of community development, environmentprotection and horticulture, health care/medical facilities and literacy enhancement/ empowermentprogramme. During the current financial year, your Society incurred an amount of Rs. 45.92 Croreon various social development activities, which were broadly as under:
Village Adoption
The village adoption programme was initiated by IFFCO with the objective of bringing aboutoverall socio-economic development in rural areas with particular emphasis on agriculture withcorrect and balanced use of fertilisers, quality seeds and better farm management. During the year,various promotional, social and community development programmes based on specific needswere organised. These included medical and veterinary check-up, training programmes for rural
54
lao)ZukRed dk;ZØe vkSj Ñ"kd foLrkj dk;ZØe
fofHké lao)ZukRed vkSj foLrkj dk;ZØe a dk vk;®tu fd;k x;k ftudk eq[; y{; Hkwfe dh moZjk 'kfä esa
lq/kkj ykuk rFkk fdlku a d® vk/kqfud Ñf"k vkSj Á©|®fxdh dh f'k{kk Ánku djds moZjd a ds larqfyr mi;®x d®
Á®Rlkgu nsuk rFkk ,u%ih%ds ds [kir vuqikr esa lq/kkj ykuk Fkk rkfd moZjd a ds csgrj bLrseky vkSj ty laj{k.k
ds ek/;e ls Qlyksa dh iSnkokj d® c<+k;k tk lds vkSj lrr Ñf"k d® c<+kok fn;k tk lds A
vky®P; o"kZ ds n©jku lfefr us 5]292 {ks= dk;ZØe a] 1]118 lsy ikabV ilZuy Áf'k{k.k dk;ZØe a] 153 Qly
lsfeukj a vkSj 910 Ñf"k vfHk;ku a vFkkZr e`nk ijh{k.k vkSj tSo&moZjd a fo"k; ij dk;ZØe vk;®ftr fd;s A fofHké
jkT; a esa feV~Vh ds 1]51]413 uewu a dh tkap dh xbZ ftlesa 10 lpy e`nk ijh{k.k okgu a }kjk tkap fd;s x;s 51]848
feV~Vh ds uewus Hkh 'kkfey gSa A iSnkokj d® c<+kus ds fy, moZjd a dh b"Vre ek=k dh laLrqfr dh xbZa A blds
vykok] Qly a dh iSnkokj d® c<+kus ds fy, {ks=h; dk;ZØe a esa 8]125 egRoiw.kZ vknku iSdst ¼lhvkbZih½ fdV~l]
ftuesa cht] moZjd] tSo moZjd vkSj Ñf"k jlk;u vkfn g®rs gSa] fdlku a d® forfjr fd;s x;s A bu {ks= dk;ZØe a
ds n©jku Qly Q®YMj] cqdysV~l] isEQysV~l vkfn ds :i esa Ñf"k lkfgR; Hkh forfjr fd;k x;k A
fo'ks"k ifj;®tuk,anwj&njkt ds {ks= a esa fdlku a dh lgk;rk djus ds fy, fo'ks"k ifj;®tuk,a pykbZ tkrh gSa rkfd fdlku a dks
ÁkÑfrd LFkkuh; lz®r a dh O;oLFkk djus vkSj viuk thou&Lrj lq/kkjus ds fy, lgk;rk nh tk lds Ao"kZ 2009&10 ds n©jku lfefr us fofHké jkT; a esa Ñf"k] lkekftd vkSj lkeqnkf;d fodkl dk;ZØe a ls lacaf/kr
24 fo'ks"k ifj;®tuk,a pykbZ A ;s fo'ks"k ifj;®tuk,a okVj'kSM eSustesaV] ,xzhdYpj MsoyiesaV vkSj ekbØ®bUVjÁkbftt] Lo;a lgk;rk lewg a d® viuh j®th&j®Vh vkfn dekus esa lgk;rk djus ds fy, pykbZ xbZA
cht cgqyhdj.k dk;ZØelfefr us cht cgqyhdj.k dk;ZØe ¼,l,eih½ dks vkbZ,Q,QMhlh dks lkSai fn;k gS A vkbZ,Q,QMhlh us vPNh
DokfyVh ds chtksa dh vkiwfrZ c<+kus ds fy, gfj;k.kk] mRRkj izns'k rFkk jktLFkku jkT;ksa esa xsgw¡ dh Qly ij fdlkuksads [ksrksa esa cht cgqyhdj.k dk;ZØe pyk;k gS A o"kZ 2009&10 ds nkSjku bQdks fdlku lsok dsUnzksa ¼,Q,llh½]vkbZ,Q,QMhlh fdlku lsok dsUnz rFkk izkFkfed Ñf"k iz{ks= okfudh lgdkjh lfefr ¼ih,Q,Qlh,l½ vkfn dsek/;e ls fdlkuksa dks 33]429 fDoaVy xsgw¡ rFkk 310 fDoaVy ljlksa ds cht miyC/k djk, x, A ;g dk;ZØze
d`"kd efgyk izf'k{k.k izfrHkkfx;ksa ds lkFk bQdks ds v/;{k Jh lqjsUnz dqekj tk[kM+ A
55
women and drinking water facilities, etc. During 2009-10, IFFCO effected all-round developmentin 434 adopted villages under this programme.
Promotional Programmes and Farmers Extension Activities
Various promotional and extension programmes were organised with focus primarily onimproving soil health, promote balanced use of fertilisers to improve N:P:K consumption ratio,educating farmers in the latest available technology so as to enhance crop productivity throughefficient use of fertilisers, water conservation and thereby promoting sustainable agriculture.
During the year under report, the Society conducted 5,292 field programmes, 1,118 sale pointpersonnel training programmes, 153 crop seminars and 910 agricultural campaigns, that is, soil testingand bio-fertilisers. The Society analysed 1,51,413 soil samples, in different States, including 51,848soil samples tested by 10 mobile soil testing vans for recommending optimum dose of fertilisers forimproved productivity. In addition, 8,125 Critical Input Package (CIP) Kits containing seeds, fertilisers,bio fertilisers, agro chemicals, etc., were also distributed to the farmers in the field programmes forraising good crops. Literature in the form of crop folder, booklet, pamphlets, etc., was distributedduring the field programmes.
Special Projects
In order to help the farmers at disadvantaged locations, IFFCO undertakes special projectsto help the farmers in arranging natural local resources and thus helping them in improvingtheir livelihood.
During the year 2009-10, the Society has worked intensively in 24 special projects on agricultural,social and community development programmes in various States. These special projects were onwatershed management, agricultural development and micro enterprises, assisting Self Help Groupsin earning livelihood, etc.
Seed Multiplication Programme
The Society has entrusted the Seed Multiplication Programme (SMP) to IFFDC. IFFDC hasundertaken SMP on farmers’ fields in the States of Haryana, Uttar Pradesh and Rajasthan on wheatcrop to augment the supply of quality seeds. During 2009-10, 33,429 quintals of wheat and
A view of the Exhibition-cum-Rabi Crop Seminar at Mazgaon in Maharashtra.
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jch 2009&10 ds nkSjku 1303 gSDVs;j {ks= esa xsgw¡ dh Qly ij pyk;k x;k vkSj vuqeku gS fd blls yxHkx 53]000fDoaVy cht izkIr gksaxs A blds vykok] fdlku lsok dsUnzksa dksjMsV Qwyiqj }kjk Hkh 1]535 fDoaVy xsgw¡ vkSj /kku dschtksa dk mRiknu fd;k x;k ftudk forj.k lgdkjh lfefr;ksa o gekjs fdlku lsok dsUnzksa }kjk fd;k x;k A
Ñf"k {ks= esa bQd® ps;lZlfefr us Ñf"k foÜofo|ky; a@lgdkjh laLFkku a esa lL;&foKku] e`nk&foKku] ,xz®- bdksukfeDl] Ñf"k foLrkj]
lgdkfjrk vkSj moZjd rdu‚y®th ds {ks= esa 18 bQd® ps;lZ dh LFkkiuk dh gqbZ gS t® vuqla/kku] f'k{kk vkSj foLrkjdk; Za ds {ks= a esa bu laLFkkvksa ds chp ,d dM+h dk dke djrh gSaA bQd® ps;lZ ds Á®Qslj a dk ekxZn'kZulao)ZukRed dk;ZØe a] fo'ks"kdj e©twnk Ñf"k fo"k;d eqÌ a ij ÁkIr fd;k tkrk gS A
i;kZoj.k Áca/kuIk;kZoj.k laj{k.k ds {ks= esa mnkgj.k izLrqr djus ds fy, lfefr dh lHkh bdkbZ;ka vkSj Vkmuf'ki vkd"kZd
izkÑfrd lkSan;Z ls lfTtr gSa ftuesa gtkj a isM+&i©/ks yxs gq, gSa A gekjh lfefr viuh mRiknd bdkbZ; a dsvklikl vkSj vUrjkZ"Vªh; ekud a ds vk/kkj ij lqj{kk] LokLF; vkSj i;kZoj.k esa lq/kkj ykus ds fy, Áfrc) gS A
lkeqnkf;d dsUæ31 ekpZ] 2010 rd 205 HkaMkj.k&lg&lkeqnkf;d dsUæ dk;Zjr Fks vkSj 9 dsUæ a dk fuekZ.k dk;Z iwjk g®us ds
fofHké pj.k a esa Fkk A bu HkaMkj.k&lg&lkeqnkf;d dsUæ a dk mi;®x Ñf"k foLrkj xfrfof/k; a ds vk;®tu vkSjxzkeh.k a ds fy, lkekftd lekj®g a dk vk;®tu djus ds lkFk&lkFk moZjd a vkSj Ñf"k vknku a ds HkaMkj.k LFkyds :i esa Hkh fd;k tkrk gS A
vius dkji®jsV lkekftd nkf;Ro ij vkSj vf/kd /;ku nsus ds fy, bQd® us fuEufyf[kr VªLV a dh LFkkiuk Hkhdh gS %
bQdks fdlku lsok VªLVlfefr us **bQd® fdlku lsok VªLV** uked ,d /kekZFkZ VªLV dh LFkkiuk dh gqbZ gS A ;g VªLV ÁkÑfrd
vkinkvksa ;Fkk ck<+] HkwdEi] lw[kk] pØokr] Hkw&L[kyu vkfn ds f'kdkj y®x a d® jkgr igqapkus rFkk muds iquokZldk dk;Z djrk gS vkSj muds dY;k.k ds fy, dk;ZØe a dk vk;®tu djrk gSA lkFk gh] ;g VªLV xEHkhj ifjfLFkfr; aesa t:jrean fdlku a d®] LokLF; lqfo/kk,a Ánku djus vkSj muds thou&Lrj esa lq/kkj ykus dk dk;Z Hkh djrk gSA
;g VªLV] t:jrean fdlkuksa dh lgk;rk ds fy, fofHkUu fpfdRlk lqfo/kk,a ;Fkk us= tkap f'kfoj] LokLF; tkapf'kfoj] dSalj dk irk yxkus ds fy, f'kfojksa dk vk;kstu djrk gS vkSj fpfdRlk miLdj miyC/k djkrk gS A
bQdks izn'kZu iz{ks= A
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310 quintals of mustard seed were made available to the farmers through IFFCO Farmers ServiceCentres (FSCs), IFFDC Kisan Seva Kendra (KSKs) and Primary Farm Forestry Cooperative Societies(PFFCS), etc. An area of 1,303 ha was covered under this programme on wheat during Rabi 2009-10with an expected production of about 53,000 quintals. In addition, 1,535 quintals of seeds of wheatand Paddy were also produced by CORDET, Phulpur and distributed through cooperatives societiesand our Farmers Service Centres.
IFFCO Chairs in Agriculture
The Society has instituted 18 IFFCO Chairs at Agricultural Universities/Cooperative Institutions inthe disciplines of Agronomy, Soil Science, Agro Economics, Agricultural Extension, Cooperationand Fertiliser Technology to provide a link between these institutions in the areas of research,education and extension. The guidance of IFFCO Chair Professors is sought in the areas of promotionalprogrammes based on research with thrust on current issues in agriculture.
Environment Management
To set an example in environment protection, all the units and townships of your Society haveattractive landscape surrounded by thousands of trees. Your Society is committed to continuouslyimproving the safety, health and environment in and around its manufacturing units in line withinternational norms.
Community Centres
As on March 31, 2010, 205 Storage-cum-Community Centres were operating and 9 centres wereunder various stages of completion. The Storage-cum-Community centres are being utilised for storageof fertilisers and agricultural inputs, apart from providing venues for organising agricultural extensionactivities and social functions for villagers.
For laying thrust to its CSR focus, IFFCO has also established the following Trusts:
IFFCO Kisan Sewa Trust
The Society established a charitable trust known as ‘IFFCO Kisan Sewa Trust’ to provide relief andrehabilitation to the victims in the event of natural calamities and to undertake programmes for thewelfare and critical medical attention of needy farmers including projects aimed at improving theirquality of life.
The Trust undertakes a variety of activities to assist needy farmers in getting medical assistance,organising eye camps, health camps, cancer detection camps, providing medical equipment, arranging
A farmer explaining the procedure adopted by him for laying the compost pit at his farm.
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jsMØkl lkslkbVh ds ek/;e ls jDr dh O;oLFkk Hkh djrk gS vkSj fofHkUu vLirkyksa esa fdlkuksa ds mipkj ds fy,foŸkh; lgk;rk Hkh iznku djrk gSA o"kZ ds nkSjku bl VªLV us t:jrean yksxksa dks fpfdRlk lqfo/kk,a miyC/k djkus
ds fy, 71-33 yk[k #i;s dh jkf'k O;; dh A
bl o"kZ ds nkSjku VªLV us iatkc] mRrj izns'k vkSj jktLFkku esa fu%'kqYd us= tkap f'kfoj vk;ksftr djus ds fy,
foRrh; lgk;rk Hkh miyC/k djkbZ A
bQd® QkmaMs'ku
bQdks QkmaMs'ku tks bQdks dk czsu VªLV gS] us izkS|ksfxdh varj.k ds ek/;e ls d`f"k laca/kh fodkl esa fdlku
lnL;ksa dks fujarj lg;ksx iznku fd;k A blus oSf'od Lrj ij] fo'ks"k :Ik ls lkdZ] vÝhdu rFkk ySfVu vesjhdh
ns'kksa esa [kk|&lqj{kk rFkk d`f"k fodkl ls lacaf/kr eqn~nksa ij fopkjksa ds vknku&iznku ds fy, ,d eap miyC/k djk;k
ftlls oSf'od Lrj ij fdlkuksa ds chp vkSj vf/kd lg;ksx ds jkLrs [kqys gSa A
bQdks QkmaMs'ku us vkjthch lnL;ksa ds fy, dk;Z'kkyk,a rFkk lnL;ksa ds fy, f'k{k.k dk;ZØe vk;ksftr djds
lgdkjh lfefr;ksa ds lnL;ksa dks f'k{kk ,oa izf'k{k.k Hkh iznku fd;k ftlesa lgdkjh lfefr;ksa dks lqn`<+ cukus ls
lacaf/kr eqn~nksa] d`f"k dkjksckj ds fofof/kdj.k rFkk lalk/ku izca/ku tSls ekStwnk rFkk Hkkoh pqukSfr;ksa dk lkeuk djus
ij fo'ks"k cy fn;k x;k gS A
bQdks QkmaMs'ku us fdlkuksa ds Lo;a&lgk;rk lewgksa ds ek/;e ls 41 ikS/k'kkykvksa dh LFkkiuk dh gS A blus xzke
Lrj ij d`f"k vk/kkfjr dk;ZØeksa tSls Ik'kqikyu] Msjh] cdjh ikyu] e/kqeD[kh ikyu rFkk ,xzks izkslsflax vkfn ds
ek/;e ls vfrfjDr vk; vftZr djus esa Hkh fdlkuksa dh enn dh A QkmaMs'ku us 'kkSpky;] ihus dk lkQ ikuh] xkao
dh lkQ&lQkbZ esa lq/kkj djds ekWMy xzke fodkl xfrfof/k;ksa dk Hkh dk;kZUo;u fd;k A 'kqxj MsoyiesaV Q.M
dk;ZØe ds varxZr lgdkjh 'kqxj feyksa dks ijke'kZnk;h lsok,a Hkh miyC/k djk;h tk jgh gSa A
us= tkap f'kfoj esa jksxh dh us= tkap djrs gq, fpfdRld A
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for blood through Red Cross Society and financial assistance to various hospitals for the treatmentof farmers. During the year, the Trust spent Rs. 71.33 lakh towards its activities for providing medicalrelief to needy ones.
During the year, the Trust provided financial assistance for organising free eye check-up camps inPunjab, Uttar Pradesh and Rajasthan.
IFFCO Foundation
IFFCO Foundation, a brain trust of IFFCO, continued to support farmer members in agriculturaldevelopment through technology transfer. It provided forum for exchange of thoughts on issuesrelating to food security and agricultural development at the global level especially in SAARC, Africanand Latin American countries, which has opened avenues for larger cooperation among farmers atthe global level.
IFFCO Foundation took up education and training of members of cooperatives by organisingRGB members’ workshops and member education programmes with special focus on issues relatingto strengthening of cooperatives, current and emerging challenges on agriculture sector such asbusiness diversification and resource management.
IFFCO Foundation has set up 41 nurseries through self-help groups of farmers. It also continuedto help farmers in generating additional income through grassroots level farm-based programmessuch as dairy, goatery, bee-keeping and agro-processing. The Foundation continued to implementmodel village development activities by providing latrines, safe drinking water, improving villagesanitation. Advisory services are being provided to cooperative sugar mills under theSugar Development Fund Programme.
IFFCO Foundation’s Summit on India-Latin America and Caribbean Cooperation for Sustainable Food Security in session.
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bafM;u QkeZ Q®jsLVªh MsoyiesaV d®vkijsfVo fyfeVsM ¼vkbZ,Q,QMhlh½lfefr us 1993 esa bafM;u QkeZ Q®jsLVªh MsoyiesaV d®vkijsfVo fyfeVsM ¼vkbZ,Q,QMhlh½ uked ,d vyx
cgqjkT; lgdkjh lfefr dk ÁorZu fd;k Fkk ftldk eq[; mÌs'; lkewfgd Á;kl a ls lrr ÁkÑfrd lalk/kuÁca/ku ds ek/;e ls catj Hkwfe d® mitkÅ cukuk vkSj ml ij o`{kkj®i.k ds ek/;e ls xjhc o xzkeh.k y®x a dslkekftd&vkÆFkd Lrj d® Åapk mBkuk gS A bl mÌs'; dh ÁkfIr ds fy, vkbZ,Q,QMhlh us 'kq: esa mÙkj Áns'k]e/; Áns'k vkSj jktLFkku dh gYds fdLe dh Hkwfe dk lq/kkj djus vkSj j®txkj ds volj iSnk djus o yksxksa d®b±/ku vkSj Ik'kqpkjk miyC/k djkus ds fy, okfudh vkSj xzkeh.k fodkl ifj;®tuk,a vkjaHk dÈ FkhA 146 izkFkfed QkeZQ®jsLVªh d®vkijsfVo lfefr; a dk xBu djds 27]000 gSDVs;j ijrh Hkwfe esa ou yxkus dk dk;ZØe vkjaHk fd;kx;kA bu izkFkfed QkeZ Q®jsLVªh d®vkijsfVo lfefr;ksa ds yxHkx 28]500 lnL; gSa ftuesa ls yxHkx 38 izfr'krHkwfeghu gSa vkSj 51 izfr'kr NksVs@lhekar fdlku gSa A vkbZ,Q,QMhlh ds dk;Z{ks= esa foLrkj djrs gq, bls mÙkjk[kaM]>kj[kaM] mM+hlk] NÙkhlx<+] vka/kz Áns'k] if'pe caxky] vle] rfeyukMq vkSj egkjk"Vª rd c<+k;k x;k A
vkbZ,Q,QMhlh dks ijrh Hkwfe ij ou yxkus] Ik;kZoj.k laj{k.k rFkk xzkeh.k vFkZO;oLFkk dh fn'kk esa bldsmYys[kuh; ;ksxnku ds fy, ,feVh bUVjus'uy fctusl Ldwy }kjk **,feVh dkiksZjsV ,Dlhysal vokMZ 2008** rFkklQyrk ,oa fodkl ds fy, vuqdwy okrkoj.k l`ftr djus ds fy, blds lrr~ ,oa vFkd iz;klksa ds fy,**,feVh ,Pkvkj odZIysl ,Uok;jUkesaV vokMZ 2008** iznku fd;k x;k gS A
lgdkjh xzkeh.k fodkl U;kl ¼d®jMsV½lgdkjh xzkeh.k fodkl U;kl ¼d®jMsV½ fdlku a d® Ñf"k iSnkokj c<+kus vkSj i'kqikyu] ckxokuh] QkeZ eSdsukbts'ku]
moZjd a ds larqfyr mi;®x] tSo moZjd a ds mi;®x ds ckjs esa xzkeh.k Lrj ij O;kolkf;d usr`Ro Ánku djus oe/kqeD[kh ikyu] eRL;&ikyu] dEI;wVj ds Á;®x] LØhu ÇÁÇVx] ÇÁÇVx] oSÇYMx] VsyÇjx vkSj ,Eczk;Mªh] Á©<+ f'k{kkdk;ZØe ,oa Qy o lfCt; a ds ifjj{k.k vkfn ds ckjs esa Qwyiqj rFkk dyksy bdkb;ksa esa O;kogkfjd izf'k{k.k iznkudjkrk gS A
o"kZ 2009&10 ds n©jku d®jMsV Qwyiqj] dyksy vkSj dkaMyk ¼iafr;k QkeZ½ us 249 Áf'k{k.k dk;ZØe a dk vk;®tufd;k vkSj 14]314 fdlku blls ykHkkfUor gq, ftuesa fofHké jkT; a dh efgyk,a Hkh 'kkfey FkÈ A Qwyiqj vkSj dy®yfLFkr dksjMsV dh 'kk[kk,a viuh e`nk ijh{k.k Á;®x'kkykvksa ds tfj, fdlku a d® fu%'kqYd e`nk ijh{k.k lqfo/kk,a HkhmiyC/k djkrh gSa A o"kZ 2009&10 ds n©jku feV~Vh ds 99]564 uewu a dk fo'ys"k.k fd;k x;k A blds vykok] ekbØ®U;wfVª,aV~l dh tkap ds fy, feV~Vh ds 481 uewu a rFkk ÇlpkbZ ds ikuh ds 18 uewu a dh tkap dh xbZ A
catj Hkwfe dks ?kus taxy esa ifjofrZr djus esa vkbZ,Q,QMhlh dk ,d lQy iz;kl A
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Indian Farm Forestry Development Cooperative Limited (IFFDC)
The Society had promoted a separate Multi-State Cooperative Society named ‘Indian FarmForestry Development Cooperative Limited (IFFDC)’ in 1993 with the prime objective ofdevelopment of wasteland for tree plantation and to enhance the socio-economic status of ruralpoor through sustainable Natural Resource Management by collective action. To achieve this,IFFDC initially implemented afforestation and rural development projects in the States of UttarPradesh, Madhya Pradesh and Rajasthan with an objective to improve degraded land, generateemployment and provide fuel and fodder to the community. Afforestation in about 27,000 hectarewasteland had been achieved by promoting 146 village level Primary Farm Forestry CooperativeSocieties (PFFCS). These PFFCS cover about 28,500 members, out of which about 38 per cent arelandless and 51 per cent small/marginal farmers. The area of operation of IFFDC has further beenextended to Uttarakhand, Jharkhand, Orissa, Chhattisgarh, Andhra Pradesh, West Bengal, Assam,Tamil Nadu and Maharashtra.
IFFDC has been awarded the ‘Amity Corporate Excellence Award 2008’ by Amity InternationalBusiness School for its outstanding contribution towards afforestation on wasteland, environmentconservation and promoting rural economy and ‘Amity HR Work Place Environment Award 2008’for its consistent and relentless efforts to create a conducive environment yielding success and growth.
Cooperative Rural Development Trust (CORDET)
The Cooperative Rural Development Trust (CORDET) has been providing practical training tofarmers to improve their skills in crop and animal husbandry, horticulture, farm mechanisation,balanced fertilisation, use of bio-fertilisers, bee-keeping, pisciculture, computer use, screen printing,printing, welding, tailoring and embroidery, adult education programmes, fruits and vegetablespreservation, etc., at Phulpur and Kalol Units.
During the year 2009-10, the CORDET Phulpur, Kalol and Kandla (Pantia Farm) organised249 training programmes benefiting 14,314 farmers including women from various States. CORDETPhulpur and Kalol also provide free soil testing facilities through their Soil Testing Laboratories to thefarmers. During the year 2009-10, 99,564 soil samples were analysed. In addition, 481 soil sampleswere also analysed for micro nutrients and 18 samples for irrigation water.
A view of a Stop Dam.
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dksjMsV ds Qwyiqj vkSj dy®y fLFkr tSo moZjd la;a= a us feydj fofHké fdLe ds tSo moZjd a ;Fkk,t®V®cSDVj] jkbt®fc;e vkSj ih,lch vkfn dk mRiknu fd;k A o"kZ 2009&10 ds n©jku dqy 719-3 Vu tSomoZjdksa dk mRiknu ikmMj :Ik esa rFkk 7]579-0 yhVj rjy :Ik esa fd;k A
dkji®jsV xousZalbQdks us viuh LFkkiuk ls gh dkji®jsV xousZal ds rgr ikjn'khZ] yksdrkaf=d vkSj O;kolkf;d i)fr; a d®
viukrs gq, **lgdkjh Nfo** okyh laLFkk ds :i esa igpku cukbZ gS A bQdks **lgdkjh ewY; a** vkSj **lgdkjhfl)kUr a** dh egku ijEijk d® cuk, j[kus ds Hkjld Á;kl dj jgh gS A lfefr dk lnk ;g Á;kl jgk gS fdog lgdkjh fl)kUr a o lgdkjh ewY; a dh mnkŸk Hkkoukvksa rFkk baVjus'kuy d®vkijsfVo ,yk;al ¼vkbZlh,½ }kjkfu/kkZfjr pkVZj ds vuqlj.k esa vius 'ks;j/kkjd a ds le{k mPp Lrj dh ikjnÆ'krk vkSj tokcnsgh cuk, j[k ldsA
lwpuk rFkk lapkj Á©|®fxdh
oku ¼MCY;w , ,u½ dk foLrkj rFkk usVodZ flD;ksfjVhegRoiw.kZ ,Iyhds'kuksa tSls fMLiSp] bZ&izksD;ksjesaV] fcØh rFkk forj.k iz.kkyh vkfn ds fy, oku fyaDl ds viVkbe
dks 100 izfr'kr ds vklikl miyC/k djkus ds fy, lHkh bdkbZ;ksa dks rFkk eq[;ky;] fnYyh] dkaMyk bdkbZ dhVkmuf'ki ls fjM.MsUV fyad lfgr vfrfjDr cSdvi 2 ,echih,l fyaDl miyC/k djk, x, gSa A ;s fyadch,l,u,y rFkk ,;jVsy ds fyad ds vykok gSa A dksjiksjsV dk;kZy;] ubZ fnYyh esa bUVjusV rFkk bUVjusV czkmftaxij vkSj vf/kd osc loZjksa dh c<+rh vko';drkvksa dks iwjk djus ds fy, bUVjusV cS.MfoM~Fk dks c<+kdj 25,echih,l fd;k x;k gS A
fdlh izdkj ds eSysfl;l bUVjusV VªSfQd ,oa vkarfjd@ckgjh FkzsV~l dks ekWuhVj djus rFkk mls jksdus ds fy,bUVªwtu fizosU'ku flLVe ¼vkbZih,l½ dks vixzsM djds MkVk dh flD;ksfjVh dks c<+k;k x;k gS A opqZvy izkbosVusVodZ dks ykxw fd;k x;k gS rkfd vf/kdkjh bUVjusV dusfDVfoVh rFkk flLdks ohih,u DykbaV ou VkbeikloMZ¼vksVhih½ gkMZos;j Vksdu ds Vw&QSDVj ,FksfUVds'ku dk bLrseky djds nwjLFk LFkkuksa@?kj ls dk;kZy; dkdk;Z dj ldsa A bQdks eq[;ky; esa LFkkfir MkVk lsUVj ls lHkh bQdks dk;kZy;ksa dks ok;jl eSustesaV QSflfyVhmiyC/k djk;h x;h gS ftlesa jsxqyj vkVkseSfVd MkmuyksM~l 'kkfey gSa A eq[;ky; rFkk bdkbZ;ksa esa gkbZ MSfQus'kuohfM;ks dkUÝzsfUlax fdV LFkkfir dh x;h gSa rkfd eq[;ky; ,oa bdkbZ;ksa ds chp ,eih,y,l fyad~l ds bLrsekyls rFkk eq[;ky; ,oa la;qDr m|eksa ds chp bUVjusV ds ek/;e ls ohfM;ks dkUÝzsfUlax vk;ksftr dh tk lds A
Jh vkj d`".ku] lfpo] moZjd foHkkx] Hkkjr ljdkj] dksjMsV ds mRiknksa dk fujh{k.k djrs gq, A lkFk essa Jh ds ,y flag] funs'kd ¼rduhdh½ oJh lqjthr flag] dk;Zdkjh funs'kd] QwyiqjA
63
The bio-fertiliser plants at CORDET Phulpur and Kalol produced Azotobacter, Rhizobium andPSB strains of bio-fertiliser. The total production of bio-fertilisers during 2009-10 was 719.3 tonnesin powder form and 7,579.0 litres in liquid form.
CORPORATE GOVERNANCEIFFCO has consistently followed transparent, democratic and professional practices in Corporate
Governance since inception. IFFCO has carved out a strong ‘Cooperative Identity’ and is makingsincere efforts to uphold the ‘Cooperative Values’ by cherishing ‘Cooperative Principles’. The Society’sendeavour has been to achieve the highest levels of transparency, accountability and full disclosureto its shareholders in a bid to uphold the spirit of Cooperative Principles and Cooperative Values byfollowing the charter as laid down by the International Cooperative Alliance (ICA).
INFORMATION & COMMUNICATION TECHNOLOGY
Enhancement of WAN and Network Security
To provide uptime of WAN links near to 100 per cent for critical applications, for example,Despatch, e-procurement, sales and distribution systems, etc., additional backup 2 Mbps links havebeen provided to all the Units and the Head Office, Delhi, with a redundant link to the township ofKandla Unit. These are in addition to the links from BSNL and Airtel. An internet bandwidth atCorporate Office, New Delhi, has been enhanced to 25 Mbps to cater to the ever-increasing needsof hosting more web servers on the internet and internet browsing.
Security of data has been enhanced by upgrading the Intrusion Prevention System (IPS) to monitorand prevent malicious internet traffic and internal/external threats. A Virtual Private Network hasbeen implemented to enable system officials to work from home/remote locations using internetconnectivity and Cisco VPN client with a one-time password (OTP) hardware token for two factorauthentications. Virus Management Facility has been provided from Data Centre at HO to all IFFCOOffices, which includes regular automatic downloads. High Definition Video Conferencing kits havebeen installed at the Head Office and Units for conducting Video Conferencing between the HeadOffice and Units using MPLS links and Head Office and JVs through the internet.
CIO 100 Award being received by Shri S.C. Mittal, Senior Executive Director (MS & IT) and Shri A.K. Gupta, DGM(Systems) for overall technology implementation in IFFCO.
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u;k ,evkbZ,l iksVZydkjikssjsV dk;kZy; esa ,d u;k ,evkbZ,l iksVZy] ^U;w lat; ,evkbZ,l* fØ,V fd;k x;k gS tks fuEufyf[kr
QaD'kuy MksesUl ls lacaf/kr izcU/ku lwpuk iz.kkyh dh tkudkjh miyC/k djkrk gS %� la;a= ekylwph� ekuo lalk/ku izca/k iz.kkyh� mRiknu@rduhdh fjiksZfVax� fcØh ,oa LVkWd� bUMLVªh ijQkeZsal� Qkbusaf'k;y ijQkeZsal� mRiknu ykxr vkfn
ekWM~;wYl~ esa izLrqr fd, x, MkVk dks vko';drk ds vuqlkj ekfld@okf"kZd VªsUM~l vFkok xzkfQdy fjizstssaVs'ku¼ikbZ o ckj pkVZ~l½ }kjk ns[kk tk ldrk gS A
U;w eSVsfj;Yl eSustesaV flLVeU;w eSVsfj;y eSustesaV flLVe ftldk fodkl dyksy esa fd;k x;k Fkk] dyksy dk.Myk rFkk vkaoyk bdkbZ;ksa
esa dk;kZfUor fd;k x;k gS A bl flLVe dks vkbZlhih,y rFkk vkbZds,lbZtSM+ esa Hkh ykxw fd;k x;k gS A
ck;ksehfVªDl vVsaMsal fjdkfMZax flLVe;s flLVe dyksy] ikjknhi vkSj vkaoyk bdkbZ;ksa esa yxk;s x;s gSa A blls mifLFkfr dks vkWu ykbu n'kkZ;k tkrk
gS vkSj ;g ,pvkj,e,l ds lkFk iwjh rjg ls baVsxzsfVM gS A bl rdukykWth ds dkj.k izksDlh iaafpax dh leL;klekIr gks xbZ gSA
mRikn izs"k.k iz.kkyhubZ mRikn izs"k.k iz.kkyh fodflr dh xbZ gS rkfd foi.ku dh fcØh ds lkFk la;a=ksa ds izs"k.k dks baVhxzsV fd;k
tk lds ftl dkjiksjsV dk;kZy; esa lSaaVªy MkVk LVksjst gS A bls vU; bdkbZ;ksa esa dk;kZfUor fd;k x;k gSA
vksjsdy bZ&fctusl lwVbQdks esa iz;ksx fd;s tk jgs foRrh; ys[kkadu flLVe ¼,Q,,l½ dk fodkl yxHkx ,d n'kd igys fd;k x;k
Fkk A blh nkSjku cgqr ls u;s flLVe ;Fkk ,pvkj,e,l] bZ fodkl] la;a+= vuqj{k.k flLVe] eSsVsfj;y eSustesaVflLVe] bZ izksD;ksjesaV vkfn dk fodkl fd;k x;k vkSj mUgsa dk;kZfUor fd;k x;k A tc Hkh dksbZ u;k flLVe,Q,,l ds lkFk iw.kZ :i ls bafVxzs'ku djus ds fy, ykxw fd;k x;k mlesa lq/kkj fd;s x;s A ;g fu.kZ; fd;k x;kfd ;k rks bl flLVe dks fQj ls fodflr fd;k tk, vFkok dksbZ bZvkjih lwV dk;kZfUor djus ds fy, fopkj fd;ktk, A blds vykok] bQdks dks 1 viz Sy] 2011 ls baVjus'kuy Qkbus af'k;y fjiksfVZ ax LVS aMM~lZ¼vkbZ,Qvkj,l½ viukus gksaxs vr% mi;qZDr dks /;ku esa j[krs gq, bQdks esa Qkbusal] izksD;ksjesaV] dkfLVax] fctuslbaVsfytsal bR;kfn ds lHkh {ks=ksa esa ykxw djus ds fy, vksjsdy bZ fctusl lwV dk p;u fd;k x;k A bUVjQsl vkSjMsoyiesaV dk dk;Z izxfr ij gS A vk'kk gS ;g flLVe fnlEcj] 2010 rd iwjs bQdks esa ykxw dj fn;k tk,xk A
bQdks ds la;qDr m|eksa dks lg;ksxfofHkUu la;qDr mn~;e daifu;ksa ds fy, u;s ekuo laalk/ku fodkl flLVe ¼,pvkj,e,l½] vkbZvkjMh, jsxqys'ku
ds vuq:i ,d bUosLVesaV flLVe] Qkbusaf'k;y ,dkmafVax] eSVsfj;y eSustesaV bZ&esy flLVeksa dk fodkl djds mUgsavkbZ Vh liksVZ Hkh iznku dh xbZ A
vkbZ,lv¨ Áek.kubQdks lHkh dk;Z{®=ksa esa xq.koRrk ij fo'®"k /;ku nsRkh jgh gSA moZjd m|®x esa dy®y bdkbZ d® lcls igys
vxLRk] 1996 esa vkbZ,lv® 9002 dk vURkjkZ"Vªh; Áek.k i= Ánku fd;k x;k Tk® mRiknu] baLVkys'ku v©j lsokvksads {®= esa xq.koŸkk dk ÁRkhd gS v©j bls le;≤ ij iqu% Áekf.kRk fd;k x;kA Qwyiqj bdkbZ d® Hkh TkqykbZ] 2000esa vkbZ,lv®&9002 vaRkjkZ"Vªh; Áek.k i= Ánku fd;k x;k A dy®y v©j Qwyiqj] n®uksa bdkbZ;ksa ds laca/k esa mudsDokfyVh flLVeksa ds ckjs esa eSllZ C;wj® osjhVkl DokfyVh baVjus'kuy ¼chohD;wvkbZ½ us fopkj fd;k v©j mUgsa u,vkbZ,lv® ekud laLdj.k vkbZ,lv® 9001%2000 ds vuqlkj Áek.k i= Ánku fd;k x;k A dyksy bdkbZ dks vcvixzsM djds vkbZ,lvks 9001&2008 rFkk vkbZ,lvks 14001&2004 ,oa vks,p,l,,l 18001%2007 Hkh fn;k x;kgS A vkaoyk bdkbZ us vkbZ,lvks 9001%2000] vkbZ,lvks 14001&2004 ,oa vks,p,l,,l 18001%2007 vaRkjkZ"Vªh;Áek.k i= ÁkIr fd;k gSSA ,dhÑr eSusTkesaaV flLVe dks mi;qZDr lHkh iz.kkfy;ksa ls tksM+us dk dk;Z Hkh izxfr ij gSAdkaMyk bdkbZ dks vkbZ,lv®&14001 2004 izek.k&i= izkIr gks pqdk gS A
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New MIS Portal
A new MIS portal, ‘New Sanjaya MIS’, has been created at the Corporate Office that provides MISinformation related to the following functional domains:� Plant Inventory� Human Resource Management System� Production/Technical Reporting� Sales and Stocks� Industry Performance� Financial Performance� Cost of Production, etc.
The data presented in the modules can be viewed by way of monthly/yearly trends or graphicalrepresentation (pie and bar charts) depending on the requirement.
New Materials Management System
The Materials Management System developed at Kalol has been implemented at the Kalol, Kandlaand Aonla Units. The system has also been implemented in ICPL and IKSEZ.
Biometrics Attendance Recording System
The Systems have been installed at Kalol, Paradeep and Aonla Units. It gives online display ofattendance and is fully integrated with HRMS. The technology has eliminated the problem ofproxy punching.
Product Dispatch System
New Product Dispatch System has been developed to seamlessly integrate Plants Dispatch withMarketing Sales, having its central data storage at the Corporate Office. It has been implemented atall Units of IFFCO.
Oracle e-Business Suite
The Financial Accounting System (FAS) being used in IFFCO was developed about a decade ago.In the meantime, many new systems such as HRMS, e-Vikas, Plant Maintenance System, MaterialsManagement System, e-Procurement, etc., were developed and implemented. To have perfectintegration with FAS, modifications were carried out whenever any new system was implemented. Itwas decided either to redevelop the system or opt for implementation of some ERP Suite. Moreover,IFFCO has to adopt International Financial Reporting Standards (IFRS) from April 1, 2011. In view ofthe above, the Oracle e-Business Suite was selected to be implemented in IFFCO in all the areas ofFinance, Procurement, Costing, Business Intelligence, etc. Interface and development stage is inprogress. The System is likely to be rolled out in the entire IFFCO by December 2010.
Support to IFFCO’s JVs
IT support has also been provided to various Joint Venture Companies by developing for themnew Human Resource Management System (HRMS), an Investment System compliant with IRDAregulations, Financial Accounting, Materials Management and E-mail Systems.
ISO CERTIFICATION
IFFCO has been giving continuous thrust to quality movement in all functional areas. The KalolUnit was the first in the fertiliser industry to receive the ISO-9002 International Certification forQuality Assurance in Production, Installation and Services in August 1996, and this was re-certifiedfrom time to time. The Phulpur Unit also acquired ISO-9002 International Certification in July 2000.Both the Kalol and Phulpur Units were considered by M/s Bureau Veritas Quality International(BVQI) for their Quality Systems, and awarded the certificate as per New ISO Standard VersionISO 9001:2000. The Kalol Unit has now been upgraded to ISO 9001-2008 and ISO 14001-2004and OHSAS 18001-2007 has also been included. The Aonla Unit had received internationalcertifications ISO 9001-2000, ISO 14001: 2004 and OHSAS 18001: 2007. The adoption of anIntegrated Management System combining all the above systems is also in progress. The KandlaUnit had received ISO 14001:2004 certification.
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ikjknhi bdkbZ ds laca/k esa nksuksa lfVZfQds'ku izkslsl okys vkbZ,lv®&14001 2004 rFkk vks,p,l,,l 18001%2007baVsxzsfVM eSustesaV flLVe vkbZ,e,l dk dk;Z izxfr ij gS A
foÙkh; jsÇVxcSad a vkSj jsÇVx ,tsafl; a ds lkFk lfefr dh mRÑ"V ØsfMV jsÇVx ds dkj.k bls vYikof/k _.k] ftuesa fons'kh
eqæk ds _.k Hkh 'kkfey gSa] ÁfrLi/kkZRed nj a ij fey tkrs gSa AfofHké jsÇVx ,tsafl; a }kjk lfefr d® fuEu Ádkj ls jsÇVx nh xbZ gS %
fØfly jsÇVx
bQd® ds nhÄkZof/kd _.k dk;ZØe d® ,,&¼vkmVyqd LVscy½ dh jsÇVx nh xbZ gS A ;g jsÇVx ;g n'kkZrh gSfd baLVwªesaV ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds laca/k esa _.k dh lqj{kk dk Lrj mPp gS A
100 dj®M+ #i;s ds deÆ'k;y isij dk;ZØe d® **ih1$ ¼ftls ih ou Iyl dgrs gSa½ dh jsÇVx nh xbZ gS A ;gjsÇVx n'kkZrh gS fd baLVwªesaV ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds laca/k esa _.k dh lqj{kk dk Lrj vR;arlqn`<+ gS A
xousZal vkSj oSY;w fØ,'ku ¼thohlh½ ds ekeys esa bQd® dks ^^thohlh ysoy 2^^ dh jsÇVx nh xbZ gSA ;g jsÇVx;g n'kkZrh gS fd vius lHkh va'k/kkfj; a ds fy, /ku&lEink ds vtZu rFkk lqn`<+ dkji®jsV xousZaZl Á.kkfy; a d®viukus ds laca/k esa lfefr dh l{kerk mPp Lrj dh gSA
fQp jsÇVx
bQd® dh dk;Z'khy iwath@vYikof/kd _.k a dks ^^,Q$ ¼baM½^^ dh vYikof/k jsÇVx Ánku dh xbZ gS A ;g jsÇVxn'kkZrh gS fd baLVwªesaV ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds laca/k esa _.k dh lqj{kk dk Lrj vR;ar lqn`<+ gSA
bQd® ds nhÄkZof/k _.k dk;ZØe d® ^^,, ¼baM½^^ ¼vkmVyqd usxsfVo½ dh nh?kkZof/kd jsÇVx nh xbZ gS A ;g jsÇVx;g n'kkZrh gS fd baLVwªesaV ij C;kt vkSj ewy/ku ds le; ls Hkqxrku ds laca/k esa _.k dh lqj{kk dk Lrj mPp gS A
ds;j jsÇVx
,d o"kZ rd dh vof/k ds dk;Z'khy iwath@vYikof/k _.k a ds fy, bQd® d® ihvkj 1+$ ¼ih ou Iyl½ jsÇVxnh xbZ gS A
,d o"kZ ls vf/kd vof/k ds ckg~; okf.kfT;d m/kkj a vkSj vU; e©twnk nhÄkZof/kd m/kkj a ds fy, bQd® d®^^ds;j ,,^^ ¼Mcy ,½ dh jsÇVx nh xbZ gS A
ekuo lalk/kulaLFkkxr xfrfof/k;ksa ds izR;sd {ks+= esa mRd`"Vrk ykus dh n`f"V ls rFkk deZpkfj;ksa dks viuk dkS'ky vkSj
fo'ks"kKrk dks dq'kkxz djds viuh {kerkvksa dk iwjh rjg ls vglkl djkus ds fy, bl o"kZ ds nkSjku vusd dne
lwpuk Økafr dk lQy mi;ksx & foHkkxh; inksUufr lfefr }kjk ohfM;ks dkUÝzsfUlax ds ek/;e ls vf/kdkfj;ksa dk lk{kkRdkj A
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Work is in progress for an Integrated Management System consisting of both ISO 14001: 2004and OSHAS 18001:2007 certification process in respect of the Paradeep Unit.
FINANCIAL RATINGSThe Society’s excellent credit ratings with bankers and rating agencies allows access to short
term funds including foreign currency borrowings at competitive rates.Ratings assigned by different Rating Agencies to the Society were as under:
CRISIL RatingsAA-(outlook stable) rating on IFFCO’s Long Term Borrowing Programme. The rating indicates a
high degree of safety with regard to timely payment of interest and principal on the instrument.‘P1+’ (pronounced ‘P One Plus’) rating to IFFCO’s Rs. 100 Crore Commercial Paper Programme.
This rating indicates that the degree of safety with regard to timely payment of interest and principalon the instrument is Very Strong.
Governance and Value Creation (GVC) rating at ‘GVC Level 2’. This rating indicates that thecapability of the Society with respect to wealth creation for all its stakeholders, while adoptingsound corporate governance practices, is high.
FITCH RatingsShort Term Rating of ‘F1+(Ind)’ to IFFCO’s Working Capital/Short Term Borrowings. This rating
indicates that the degree of safety with regard to timely payment of interest and principal on theinstrument is Very Strong.
Long Term Rating of ‘AA(Ind)(outlook Negative)’ to the Long Term Debt Programme of IFFCO.This rating indicates high degree of safety with regard to timely payment of interest and principal onthe instrument.
CARE RatingsPR 1+ (P one Plus) rating to IFFCO’s Working Capital facilities/Short Term Loans with a tenure up
to one year.‘CARE AA’ (Double A) rating to External Commercial Borrowings and other existing Long Term
Borrowings with a tenure of over one year.
HUMAN RESOURCEWith a view to create an ambience of excellence in every sphere of organisational activities and
enable employees to realise their potential to the fullest through sharpening of skills and harnessing
Shri R.P. Singh, Director (HRD), addressing the participants of a seminar on ‘Values and Work Culture in IFFCO’.Shri N.K. Bhardwaj, President, IFFCO Employees Union, is sitting on the dais.
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mBk;s x;s A fLdy lSV ls tqM+h eq[; vf/kdkfj;ksa dh pqukSfr;ksa dh igpku] odZQkslZ izksMfDVfoVh] deZpkjh baxstesaVvkSj Mªkbfoax ijQkesZal ds :i esa dh xbZ A lfefr dh vko';drk ds vuqlkj ,d Vªsfuax eksM~;wYl dks Hkh bl o"kZds nkSjku dLVekbt fd;k x;k A e/; oxhZ; rFkk ofj"B izcU/kdh; oxZ ds fy, QaD'kuy vkSj eSustfj;y dk;ZØzeksaij vf/kd cy fn;k x;k rkfd izcU/kdksa ds usr`Ro dkS'ky dks vkSj c<+k;k tk lds A
laLFkk ds izfr deZpkfj;ksa dh /kkj.kk dks tkuus ds fy, lfefr }kjk bEiykbZ ,axstesaV losZ djok;k x;k ftldklexz Ldksj dkQh mRlkgo)Zd jgk A ;g losZ{k.k ;g n'kkZrk gS fd 87 izfr'kr deZpkjh iwjh rjg ls lfefr ds lkFk,Uxst gSa vkSj larq"V gSa A
deZpkfj;ksa esa ijQkesZal vksfj,Vsa'ku ykus ds fy, lfefr us jkscLV ijQkesZal eSustesaV eSdsfuTe ykxw djus ds fy,vkjafHkd dkjZokbZ 'kq: dj nh gS tks izeq[k] dk;Zfu"iknu {ks=ksa ,oa izeq[k ladsrdksa] ewY;ksa] iksVsuf'k;y dafiVsalh dslkFk&lkFk eSustfj;y o Økl&QaD'kuy dafiVsalh ij vk/kkfjr gksxk A
efgyk jkstxkjviuh LFkkiuk ls gh bQd® j®txkj ds lHkh Lrj a vFkkZr bathfu;Çjx] pkVsZM ,dkmaVsalh] esfMdy] ekuo
lalk/ku vkSj flLVEl vkfn esa efgykvksa d® leku volj Ánku djrh vk jgh gS A 31 ekpZ] 2010 d® lfefr dsdqy 6]662 deZpkfj; a esa ls efgyk deZpkfj; a dh la[;k 180 Fkh ftlesa ls 121 efgyk,a dk;Zdkjh d‚Mj esa vkSj'ks"k xSj&dk;Zdkjh d‚Mj esa dk;Zjr gSa A
det®j oxksZa dk l'kfädj.kbQdks us LoSfPNd vk/kkj ij vuqlwfpr tkfr; a] vuqlwfpr tutkfr; a] vkSj vU; fiNM+s ox Za dks jkstxkj esa
izkFkfedrk nsuk tkjh j[kk] ckotwn blds fd bQdks u rks lkoZtfud {ks= dk miØe gS vkSj u gh Hkkjr ljdkjdh laLFkk gS A 31 ekpZ] 2010 d® lfefr esa vuqlwfpr tkfr ds 585] vuqlwfpr tutkfr ds 49 vkSj vU; fiNM+s ox Zads 706 deZpkjh dk;Zjr Fks A
tualidZ vkSj Ápkjlfefr us Hkkjr vkSj fons'kksa esa fofHkUu izn'kZfu;kas@esyksa esa Hkkx fy;k vkSj vkd"kZd eaMi yxk, ftuls lfefr
dks dkQh [;kfr izkIr gqbZ A bQdks us dt+kfdLrku esa bafM;k ,Dliks izn'kuhZ esa Hkkx fy;k ftlesa yxHkx 80laLFkkvksa us Hkh Hkkxhnkjh dh A vyekVh esa bl izn'kZuh dks yxHkx 40]600 yksxksa us ns[kk A vkidh lfefr us izxfr
izxfr eSnku] ubZ fnYyh esa varjkZ"Vªh; O;kikj esys esa yxk, x, bQdks eaMi dk ,d n`'; A
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of expertise, a number of initiatives have been taken up during the year. The key people challengesrelated to skill-sets were identified as workforce productivity, employee engagement and drivingperformance across all levels. A series of structural training modules customised to the need of theSociety have been embarked during the year. The thrust has been on functional and managerialprogrammes for middle and senior management to hone the leadership skills of managers.
An Employee Engagement Survey was conducted by the Society to know the perception ofemployees towards their organisation. The overall score was encouraging. which indicated that87 per cent employees are highly engaged and satisfied.
In order to bring the performance orientation among the employees, the Society has laid thegroundwork for introducing robust performance management mechanism, which will be based onKey Responsibilities, Key Performance Areas and Key Performance Indicators, Values, Managerialand Cross-functional Competencies as well as Potential Competencies.
Women Employment
Since its inception, IFFCO has been giving equal opportunities to women employment at alllevels, for example, Engineering, Chartered Accountancy, Medical, HR, Systems, etc. Out of the totalstrength of 6,662 employees as on March 31, 2010, the Society has 180 women employees out ofwhich 121 are in the Executive cadre and the remaining are in the Non- Executive cadre.
Weaker Sections Empowerment
IFFCO continues to voluntarily give preference in employment to Scheduled Castes (SCs),Scheduled Tribes (STs) and other Backward Classes (OBCs) despite the fact that IFFCO is neither aPublic Sector undertaking nor an Instrument of the Government of India. As on March 31, 2010, theSociety had 585 SC, 49 ST and 706 OBC employees on its rolls.
PUBLIC RELATIONS AND PUBLICITYThe Society participated in various exhibitions/fairs in India and abroad by putting up attractive
and impressive stalls, which brought laurels to the Society. IFFCO took part in the India Expo inKazakhstan in which around 80 exhibitors participated, which was visited by nearly 40,600 people
Shri Bhupinder Singh Hooda, Chief Minister, Haryana, presenting the first prize for IFFCO’s Annual Report toShri Ghansham Dass, DGM (PR). Dr. Ajit Pathak, National President, PRSI, is also seen in the picture.
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eSnku] ubZ fnYyh esa vk;ksftr bafM;k baVjus'kuy Qs;j esa Hkh Hkkx fy;k vkSj viuh lgk;d laLFkkvksa vkSj,lksfl,V~l dh xfrfof/k;ka vkSj izxfr n'kkZus okys eaMi yxk, A
lfefr us fofHkUu izdkj ds izpkj lkfgR;] czks'kj] QksYMj vkSj bQdks U;wt vkfn dk izdk'ku tkjh j[kk A bQdksdh okf"kZd fjiksVZ 2008&09 dks izFke iqjLdkj feyk rFkk blds dkjiksjsV czks'kj dks paMhx<+ esa vk;ksftr 31osa vf[kyHkkjrh; tu laidZ lEesyu esa rhljk iqjLdkj iznku fd;k x;k A
fgUnh dk çxkeh ç;ksxvkyksP; o"kZ ds nkSjku bQdks us vius nSfud dkedkt esa fganh dk iz;ksx c<+kus ds fy, LoSfPNd iz;kl tkjh
j[ksA eq[;ky;] foi.ku izHkkx vkSj ikapksa la;a+=ksa esa dk;Zjr vf/kdkfj;ksa@deZpkfj;ksa dks fganh dk O;kogkfjd iz;ksx,oa izf'k{k.k iznku djus ds fy, 40 fganh@fganh dEI;wVj dk;Z'kkykvksa dk vk;kstu fd;k x;k ftuesa dqy 736vf/kdkfj;ksa@deZpkfj;ksa dks izf'k{k.k iznku fd;k x;k A
12oka fganh lEesyu 27&28 tuojh] 2010 dks ubZ fnYyh esa vk;ksftr fd;k x;kA lEesyu esa bQdks dh lHkhbdkbZ;ksa ,oa foi.ku izHkkx ds izfrfuf/k;ksa us Hkkx fy;k A bl lEesyu esa 4 fo}kuksa dks fganh ds izpkj&izlkj esafof'k"V ;ksxnku djus ds fy, jktHkk"kk lEeku ,oa fganh lsoh lEeku ls lEekfur fd;k x;k A
lrdZrkbQdks dk lrdZrk foHkkx deZpkfj;ksa esa tkx:drk ykus ,oa Òz"Vkpkj d® lekIr djus dh fn'kk esa laLFkk esa
,d ldkjkRed okrkoj.k iSnk djus esa egRoiw.kZ Hkwfedk fuHkkrk gS Aiwjs bQdks laxBu esa 3&7 uoEcj] 2009 ds nkSjku lrdZrk tkx:drk lIrkg^ dk vk;®tu fd;k x;k A bQdks
fiNys dqN o"kksZa ls LoSfPNd vk/kkj ij lrdZrk tkx:drk lIrkg dk vk;kstu dj jgh gS A blds varxZr lfefrds lkFk izR;{k vFkok vizR;{k :i ls dkjksckj djus okys lHkh O;fDr;ksa esa lokZaxh.k tkx:drk ij cy fn;k tkrkgS A bQdks ds lHkh la;a=ksa] foi.ku dk;kZy;ksa esa deZpkfj;ksa rFkk muds cPpksa ds fy, fofHkUu izfr;ksfxrkvksa dkvk;kstu fd;k x;kA
vkS|®fxd lqj{kkvkidh lfefr us vkS|®fxd lqj{kk d® mPp ÁkFkfedrk nsrs gq, lqj{kk ds Áfr tkx:drk d® c<+kok nsus ds fy,
lHkh lEc) O;fä; a d® fujarj f'k{k.k vkSj Áf'k{k.k Ánku fd;k A
Jh Mh HkV~Vkpk;Z] dk;Zdkjh funs'kd ¼ekuo lalk/ku½ ,oa Jh Mh ih ik=k] la;qDr egkizca/kd ¼foi.ku½] ofj"B lkfgR;dkj MkW- fuR;kuan frokjh ls fgUnhds lokZf/kd iz;ksx ds fy, bQdks jktHkk"kk dkjiksjsV 'khYM izkIr djrs gq, A
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from Almaty. Your Society took part in a big way at India International Fair at Pragati Maidan,New Delhi, by erecting a pavilion showcasing activities and progress of its subsidiaries and associates.
The Society continued to publish different kinds of publicity literature such as a brochure, folder,IFFCO News, etc. IFFCO’s Annual Report (2008-09) won the first prize and its Corporate Brochurereceived the third prize at the 31st All India PR Conference in Chandigarh.
USE OF HINDI
IFFCO voluntarily continued its efforts for the progressive use of Hindi in its day-to-day officialwork. During the year under review, 40 Hindi/Hindi computer workshops were organised for theofficers/employees of the Head Office, Marketing Department and the Plants to impart practicaltraining to work in Hindi in which 736 officers/employees have participated.
The 12th Hindi Sammelan was organised during January 27-28, 2010, in New Delhi.Representatives of all the Units and the Marketing Department participated in the event. During thisSammelan four prominent scholars were honoured with Rajbhasha/Hindi Sevi Samman for theircontribution in promoting Hindi in their respective fields.
VIGILANCEThe Vigilance Department in IFFCO plays a significant role in creating a positive environment in
the organisation by creating awareness among the employees to weed out corruption.The Vigilance Awareness Week was organised from November 3-7, 2009, all over IFFCO. IFFCO
has been observing the Vigilance Awareness Week voluntarily since a few years. Emphasis wasgiven for all-round awareness among all those directly or indirectly doing business with the Society.Various competitions were organised all over IFFCO in the Plants and Marketing Offices for theemployees and their children to generate awareness.
INDUSTRIAL SAFETYYour Society continues to accord the highest priority to industrial safety. Training and education is
continuously imparted to all concerned to create and enhance safety awareness.
Dr. U.S.Awasthi, Managing Director, IFFCO, administering the Vigilance Oath to employees of the Corporate Office.
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vkS|®fxd laca/kfuns'kd eaMy] lHkh Lrj ds deZpkfj; a }kjk moZjd a ds mRiknu] Ás"k.k vkSj foi.ku ds {ks= esa mPp Lrj cuk,
j[kus rFkk fuckZ/k dk;Zfu"iknu ds fy, mudh vR;ar ljkguk djrk gS A fiNys o"kksZa dh Hkkafr bl o"kZ Hkh vkS|®fxd
laca/k vR;ar l©gkæZiw.kZ cus jgs ftlds ifj.kkeLo:i lfefr dk fodkl mRd`"V <ax ls gqvk A ;g xoZ dk fo"k;
gS fd fofHkUu la;qDr miØze vkSj lgk;d daifu;ka vfLrRo esa vkbZ gSa vkSj deZpkfj;ksa ds lg;ksx ds lkFk izxfr
ds iFk ij vxzlj gS A 2008&09 ds eqdkcys bl o"kZ la;a= Lrj ij mRikndrk 1376 eh0Vu ls c<+dj
1608 eh0 Vu rFkk moZjdksa dh fcØh 7397 eh0 Vu ls c<+dj 7885 eh0 Vu izfr deZpkjh gks xbZ A
vkHkkjfuns'kd eaMy vky®P; o"kZ ds n©jku lHkh ox Za ds deZpkfj; a }kjk fd, x, lrr vkSj leÆir Á;kl a ,oa dfBu
ifjJe ds fy, mudh ljkguk djrk gS A deZpkfj;®a ds bu HkxhjFk Á;kl a ds dkj.k gh lfefr bu 'kkunkj
ifj.kke a ,oa miyfC/k; a d® gkfly dj ldh A
vkids funs'kd] Hkkkjr ljdkj fo'ks"k :i ls moZjd foHkkx] Ñf"k vkSj lgdkfjrk ea=ky;] foÙk ea=ky; rFkk
;®tuk vk;®x ds Áfr Hkh vkHkkj O;ä djrs gSa ftuls gesa fujarj vkSj Hkjiwj ekxZn'kZu vkSj leFkZu feyk A
funs'kd eaMy foÙkh; laLFkkvksa ,oa okf.kfT;d cSad a d® Hkh /kU;okn Kkfir djrk gS fd mUg aus gesa lg;®x Ánku
fd;k vkSj gekjs izfr viuk foÜokl cuk, j[kk A lfefr vius miHk®äkvksa] fo'ks"k :i ls jk"Vªh; vkSj 'kh"kZLFk Lrj
dh lgdkjh laLFkkvksa rFkk foi.ku egklaÄ a d® /kU;okn Kkfir djrh gS vkSj vk'kk djrh gS fd Hkfo"; esa Hkh os blh
Ádkj viuk lg;®x o leFkZu Ánku djrs jgsaxsA
vkidk funs'kd eaMy flusxy ljdkj] t®MZu ljdkj] v¨eku ljdkj] nqcbZ ljdkj] NRrhlx<+ ljdkj] vkseku
vkW;y] fefy;k ,f'k;k izk0 fy0] yhtSaM baVjus'kuy gksfYMaXl] t®MZu QkLQsV ekbÇux daiuh] xzkseSsDl ,xzh dkiZ]
dukMk] vesfjdkt iSVªksxSl bad-] dukMk] QkWldSe] vesfjdk] QkWl,xzks] :l] vy ut+j ekbfuax daiuh vkSj ,;jVsy]
dk bQdks dh la;qDr m|e ifj;kstukvksaa esa Hkkxhnkjh djus vkSj lg;ksx iznku djus ds fy, vkHkkj O;Dr
djrk gS A
lkFk gh] vkids funs'kd] lnL; lgdkjh ca/kqvksa ds Áfr viuk vkHkkj O;ä djrs gSa fd mUg aus lfefr ds
Áca/ku esa viuk vVwV foÜokl cuk, j[kk A
var esa] funs'kd eaMy vkid® foÜokl fnykrk gS fd og dk;Zdq'kyrk esa lq/kkj ykus] ykHkns;rk vkSj dk;Zpkyu
ykHk d® c<+kus ds fy, lnSo Á;Ru'khy jgsxk A funs'kd eaMy vkid® vkÜoklu nsuk pkgrk gS fd vkidh lfefr
lgdkjh vkan®yu ds lexz fodkl vkSj lfefr dh cgqeq[kh Áxfr ds y{; d® ÁkIr djus vkSj vkxkeh o"k Za esa lHkh
lEc) {ks= a esa vkSj u;s dhÆreku LFkkfir djus ds fy, Áfrc) gS A
funs'kd eaMy ds fy, vkSj mudh v¨j ls
¼lqjsUæ dqekj tk[kM+½ v/;{kfnukad% 26 vizSy] 2010
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INDUSTRIAL RELATIONSThe Directors wish to place on record their appreciation for the contribution made by the
employees at all levels in ensuring uninterrupted high level of performance in the production, dispatchand marketing of fertilisers. During this year also, as in the past, Industrial Relations remained extremelycordial and harmonious, with the result the Society’s growth remains extremely good. It is a matterof pride that various Joint Ventures and Subsidiaries have come into existence and progressing withthe cooperation of the employees. The productivity at the plant level has increased from 1376 MT to1608 MT and the sales of fertiliser from 7397 MT to 7885 MT per head in comparison to the lastyear 2008-09.
ACKNOWLEDGEMENTSThe Board of Directors wish to place on record their profound gratitude for the excellent services
rendered by the employees of the Society, for their persistent efforts and hard work. These remarkableresults and achievements of your Society have been possible due to their consistent uphill struggle.
Your Directors also wish to gratefully acknowledge the constant support and guidance extendedby the Government of India and, in particular, the Department of Fertilisers, Ministry of Agricultureand Cooperation, Ministry of Finance and the Planning Commission.
The Board also acknowledges with gratitude the support and confidence extended by the FinancialInstitutions as well as the Commercial Banks, the Society’s valued customers, in particular the Nationaland Apex level Cooperative Institutions and Marketing Federations, and looks forward to theircontinued support in the future.
Your Directors will also like to place on record their appreciation for the support from theGovernment of Senegal, Government of Jordan, Government of Oman, Government of Dubai,Government of Chhattisgarh, Oman Oil, Milllea Asia Pte Limited, Legend International Holdings,Jordan Phosphates Mining Company, GrowMax Agri Corp, Canada, Americas Petrogas Inc.,Canada, Phoschem, USA, PhosAgro Russia, Airtel, Starglobal, Archean Group for their supportand participation in the Joint Venture Projects of IFFCO.
Your Directors express their deep appreciation to the Member Cooperators who have continuedto repose their faith and trust in the management of the Society.
Finally, the Board of Directors would like to assure that your Society would continue its effortstowards further improving efficiencies, profitability and operating margins. It is committed towardsthe overall development of the cooperative movement and would continue its efforts to achieveall-round progress and establish new records in the coming years.
For and on behalf of the Board of Directors
(Surinder Kumar Jakhar)ChairmanDated: April 26, 2010
IFFCO-TOKIO GENERALINSURANCE COMPANY LTD.
OMAN INDIA FERTILISERCOMPANY S.A.O.C.
JORDAN INDIA FERTILIZERCOMPANY, L.L.C.
IFFCO CHHATTISGARHPOWER LTD.
KISAN INTERNATIONAL TRADING,FZE
INDUSTRIES CHIMIQUES DUSENEGAL
IFFCO KISAN SEZ LTD.IFFCO KISAN SANCHAR LTD.
NATIONAL COMMODITY &DERIVATIVES EXCHANGE LTD.
NATIONAL COLLATERALMANAGEMENT SERVICES LTD.
INDIAN POTASH LIMITED IFFCO KISAN BAZAR LTD.
COOPERATIVE RURALDEVELOPMENT TRUST
IFFCO FOUNDATIONINDIAN FARM FORESTRYDEVELOPMENT COOPERATIVE LTD.
IFFCO KISAN SEWA TRUST GROWMAX AGRI CORP. ARIA CHEMICALS (ORISSA) LTD.
IFFCO Glory 2009-10� IFFCO bagged the first-ever Dot Coop Global Award for Cooperative Excellence, in a glittering opening ceremony
of the General Assembly of International Cooperative Alliance (ICA) at Geneva. The contest was hosted bydot Coop LLC, which own the .Coop domain name.
KALOL UNIT
� Kalol Unit has achieved ‘PRASHANSA PATRA’ from National Safety Council of India Safety Award 2008 in theManufacturing Sector for ‘Developing and Implementing Occupational Safety and Health Management Systemsand Procedures’.
� Two Kalol Unit employees have got Merit Award from ‘Indian National Suggestion Scheme Association’ (INSSAN).� Kalol Unit has been awarded by the Gujarat Safety Council and Directorate of Safety and Health, Gujarat, the
prestigious ‘Gujarat State Safety Award: 2008’ for the Lowest Disable Injury Index for the Fifth Consecutive Year.� Kalol Unit also bagged five prizes from Gujarat Horticulture Association for ‘Institutional Garden’, ‘Cut Flowers
and Vegetables’, ‘Society Garden’, ‘Traffic Island, GH-2’, and the overall first prize ‘Governor’s Trophy’.
PHULPUR UNIT
� Phulpur Unit has received the Golden Jubilee Award in Recognition and Appreciation of ExtraordinaryAccomplishment and Contribution to the Nation from Chamber of Commerce & Industry (Eastern U.P.).
AONLA UNIT
� Aonla Unit bagged ‘TERI Corporate Environment Award 2009’ for its effort towards environmental managementand innovative initiative.
� Aonla Unit has won the ‘National Award for Prevention of Pollution’ for the year 2007-08 under Fertiliser Category.� FAI Award for ‘Best Production Performance for Nitrogenous Fertiliser 2009’ from Fertiliser Association of India.� ‘Suraksha Puraskar’ under NSCI Safety Awards-2008 from National Safety Council of India for excellent performance
in the field of safety.� ‘Greentech Environment Excellence Gold Award-2009’ in the fertiliser sector for outstanding achievement in
environment management.
PARADEEP UNIT
� Paradeep Unit has won the FAI Award for ‘Improvement in Overall Performance’ for the year 2008-09.� FAI Award for ‘Best Technical Innovation’ implemented in the field of fertiliser technology for the year 2008-09.� Paradeep Unit also bagged the Certificate of Merit in the field of Energy Conservation from the Bureau of Energy
Efficiency, Government of India.� Paradeep Unit has also been awarded the ‘Best Importer’ for the year 2008-09 from the Paradeep Port Trust.
IT AWARDS
� Top 10 Green I.T. Enterprise Award from CIO magazine and APC by Schnelder Electric on the Green I.T. initiativestaken by IFFCO.
� The CIO ‘Ingenious 100-2009’ award for overall technology implementation in IFFCO by International Data MediaGroup, India and CIO magazine.
� Uptime Champion Award 2009 in Manufacturing and General Industries Category was given by The ExpressGroup and Emerson Network Power for making IFFCO infrastructure available almost round-the-clock.
� CIOL Enterprise Connect Award 2009 by Cyber Media in association with Dataquest magazine.� The Great Mind Challenge for Business Award 2009 was given by IBM for most innovative solution using
Lotus Software.� Network Computing magazine and United Business Media honoured IFFCO’s Plant Maintenance Software
developed by Aonla Unit with an EDGE Certificate for the use of IT for maximising business impact.
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1- dkji®jsV xousZal ds ÁfRk n`f"Vd®.k
dkjiksjsV xousZal ,d ;kstukc) izfØ;k gS ftlls ;g lqfuf'prfd;k tkrk gS fd lHkh LVSdgksYMj a rFkk lfefr; a dh vi¢{kkv adks iwjk fd;k tk,A bQd®] loZJs"B dkjiksjsV xous±l ds ekunaMksalaca/kh fl}kUrksa ds lao/kZu vkSj mUgsa etcwrh iznku djus ds fy,lnSo izfrc) jgh gSA blds fy, lfefr us dkjiksjsV xous±l lacaèkhikjnf'kZrk] fo'okl vkSj fu"Bk] dk;Zfu"iknu ewydrk] tokcnsghrFkk nkf;Ro] lkekftd nkf;Ro] uSfrd dkjksckjh i)fr;ksa rFkklaxBu ds fy, izfrc)rk tSls mPp ekunaMksa dks viuk;k gSALVSdgksYMjksa dh lrr le`f) ds fy, vkRevuq'kklh n'kZu bQdksdk ewy ea= gSA bQdks tSlh lgdkjh laLFkk d¢ fy,] tgka bld¢lnL; foi.ku rFkk lsok dkjksckj d¢ ek/;e ls ykHk vftZr djrsgSa ogha bld¢ fnu&izfrfnu d¢ dk;Zdyki yksdrkaf=d izca/ku d¢fl)kar a ij pyk, tkrs gSaA ;g laxBu d¢ Hkhrj mÙkjnkf;Ro rFkktokcnsgh dks etcwr djus dh fn'kk esa izfrc)rk dks Hkh n'kkZrkgSA bQdks us vius Rkeke O;kikfjd dk;Zdykiksa esa lgdkjh fl)kURkksadk vuqlj.k djR® gq, dkji®jsV xous±l ds n'kZu d® viuk;k gSAmRÑ"VRkk] fodkl v©j ewY; l`Tku ds {®= esa dkji®jsV xous±l bQd®dh dk;Z iz.kkyh dk ,d vfHké vax cu x;k gSA bQd® dk fujURkj;g Á;kl jgRkk gS fd lalk/kuksa dk csgRkj bLR®eky djds voljksad® okLRkfodRkkvksa esa cnyk Tkk,A
bQdks dh xousZal lajpuk cgqjkT; lgdkjh lfefr vfèkfu;e@fu;ekoyh ds izko/kkuksa ds vuqlkj rS;kj dh xbZ gSA bQdks dksdkjiksjsV fudk; ds :i esa ukfer fd;k x;k gS rFkk blds vkarfjdizca/ku ds fy, mifu;e cuk, x;s gSaA
dkjiksjsV xousZal ds eq[; ?kVdksa ;Fkk ikjnf'kZrk] vkarfjd fu;a=.kvkSj tksf[ke izca/ku dh leh{kk djus ds fy, lfefr us i;kZIr izfØ;k,aykxw dh gqbZ gSaA blds vykok] lfefRk viuh vkaRkfjd uhfRk;ksa vkSjflLVeksa d® ,slk :i nsus ds fy, fujURkj Á;kljRk jgRkh gS Rkkfdos varjkZ"Vªh; Lrj ij moZjd m|®x ds loZJs"B i)fr;ksa ls eSp djldsaA lfefr dh uhfr;ka vkSj dk;Z i)fr;ka u dsoy lkafof/kdvis{kkvksa dks iwjk djrhs gSa cfYd ;g Hkh n'kkZrh gSa fd lfefr viuslHkh LVSdgksYMjksa ds loksZPp fgr ds izfr iw.kZr;k izfrc) gSA
2- dkji®jsV xous±l ds laca/k esa jsÇVx
fØfly us bQd® d® xousaZl v©j oSY;w fØ,'ku ¼Tkhohlh½ ds fy,dkji®jsV xousZal ^^Tkhohlh ysoy 2^^ dh jsÇVx nh gSA bl jsÇVxdk vfHkÁk; ;g gS fd bQd® esa vius lHkh LVSdg®YMjksa ds fy,lEifRr ds l`Tku ds laca/k esa RkFkk lqn`<+ dkji®jsV xousaZl dhi)fRk;ksa d® viukus dh mPp {keRkk gSA bl jsÇVx dk vfHkÁk;;g Hkh gS fd vius lHkh LVSdg®YMjksa ds fy, ewY; l`Tku] bldhlqn`<+ Áca/kdh; i)fRk;ksa v©j i;kZIRk dkji®jsV xousaZl i)fRk;ksa dsekeys esa bQd® dk ,d lqn`<++ v©j laRkqfyRk VªSd fjdkMZ gSA ;gHkh lR; gS fd bQd® ,d lgdkjh laxBu gS fTklds fy, dqNloZJs"B i)fRk;ksa d® viukuk dkuwuh :i ls vfuok;Z ugÈ gS ijURkq;g LosPNk ls bu i)fRk;ksa d® viukRkh gSA bQd® us vfRk dq'kydkji®jsV Rka= dk Án'kZu fd;k gS v©j lkFk gh ÁfRkLi/kkZRed ekg©yesa viuk opZLo cuk, j[kR® gq, ckTkkj d® usRk`Ro Ánku fd;k gSA;gh dkj.k gS fd bQd® dh dkji®jsV dk;ZÁ.kkyh lgdkfjRkk dhHkkouk ls v®Rk&Á®Rk gSA
Corporate GovernancedkjiksjsV xous±ldkjiksjsV xous±ldkjiksjsV xous±ldkjiksjsV xous±ldkjiksjsV xous±l
1. Philosophy on Code of Corporate Governance
Corporate Governance is a systematic process to ensure that
all Stakeholders aspirations as well as Societal expectations
are met. IFFCO is committed towards promoting andstrengthening the principles of sound Corporate Governance
by adherence to the highest standards of transparency, trust
and integrity, performance orientation, responsibility andaccountability, social responsiveness, ethical business practices
and commitment to the organisation as a self discipline codefor sustainable enrichment of stakeholders value. For a
Cooperative like IFFCO, where the members benefit through
Marketing and Service transactions, the day to day operationsare conducted on the principles of democratic management.
This also highlights the commitment towards promotingresponsibility and accountability within the organisation. IFFCO
has infused the philosophy of Corporate Governance into all
its business practices in line with Cooperative Principles.Corporate Governance has become integral part of IFFCO in
its pursuit of excellence, growth and value creation. Itcontinuously endeavors to leverage resources to translate
opportunities into reality.
The Governance Structure of IFFCO is designed as per theProvision of Multi State Cooperative Societies Act / Rules.
IFFCO is designated as a Corporate Body and has made Bye-Laws for internal management.
IFFCO has set up adequate review processes in respect of key
elements of Corporate Governance namely, transparency,internal controls and risk management. Further, IFFCO is
constantly endeavoring to benchmark its internal policies andsystems to match with the best internationally in the industry.
The Society's Policies and Practices are not only consistent
with the statutory requirements but also underline itscommitment in the best interest of stakeholders.
2. Rating on Corporate Governance
CRISIL has assigned Governance and Value Creation (GVC)
Rating at "GVC Level 2" to IFFCO on Corporate Governance.This rating indicates IFFCO's capability with respect to wealth
creation for all its stakeholders, while adopting sound Corporate
Governance practices, is high. The rating reflects IFFCO'sstrong and balanced track record in creating value for all its
stakeholders, its sound management practices and adequate
Corporate Governance practices. This is considering the factthat IFFCO's Cooperative Organisation Structure does not
mandate some of the best practices that it has voluntarilyadopted. IFFCO has displayed corporate acumen and has had
the wherewithal to survive the rigors of a competitive
landscape and emerge as a market leader. This makes it arare blend of a Corporate, functioning with a Cooperative
Spirit.
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3- funs'kd eaMy
bQdks dk ;g n`<+ fo’okl gS fd vPNh dkjiksjsV xous±l 'kh"kZLrj ls gh vkjaHk gksrh gSA vr% blds funs’kd eaMy esa fofoèki`"BHkwfe okys lq;ksX; vkSj vuqHkoh funs’kd gSa tks fofHkUu egRoiw.kZ{ks+=ksa ;Fkk izkS|ksfxdh] foRr] foi.ku vkSj lkekU; izca/ku esa O;kidvuqHko j[krs gSa vkSj mu lHkh fl+)karksa vkSj ewY;ksa ds izfrizfrc) gSa ftuls dkjiksjsV xous±l ds loksZRre ekud r; gksrsgSaA
d½ funs'kd eaMy dk vkdkj v©j bldk xBu
funs'kd eaMy dk xBu cgqjkT; lgdkjh l®lk;Vhtvfèkfu;e] 2002 v©j lfefRk ds mifu;eksa ds vuqlkj fd;kTkkRkk gSA mifu;eksa ds vuqlkj lfefRk ds funs'kd eaMy esa30 funs'kd gSa fTkuesa ls 10 funs'kd foi.ku egkla?kksa dsukfer funs'kd] 11 fuokZfpRk ÁfRkfufèk] 2 lg;®fTkRk funs'kdv©j 7 QaD'kuy funs'kd gSaA lHkh funs'kdksa us vius O;kidvuqHko vkSj dkS'ky ls funs'kd eaMy dks ykHkkafor fd;kgSA
[k½ funs'kd eaMy dh cSBdsa v©j ÁfØ;k,a
bQdks us funs'kd eaMy v©j mldh lfefRk;ksa dh cSBdksa dsfy, vius mifu;eksa esa ,d lqikfjHkkf"kRk ÁfØ;k fu/kkZfjRk dhgqbZ gSA funs'kd eaMy dh cSBdsa v/;{k eg®n; }kjk fy;s x;sfu.kZ; ds vuqlkj leqfpRk u®fVl nsus ij cqykbZ TkkRkh gSaAdk;Zlwph fVIif.k;kaa lHkh vko';d lwpukvksa ds lkFk funs'kdeaMy ds lnL;ksa dks i;kZIr le; jgrs miyC/k djk nh tkrhgSaSa rkfd lnL; vius nkf;Roksa dks izHkkoh <+ax ls fu"ikfnr djldsa vkSj cSBdksa esa rF;ksa ij vkèkkfjr egRoiw.kZ fu.kZ; fy,tk ldsaA funs'kd eaMy dh cSBdksa esa Áca/k funs'kd }kjk lfefRkds lexz dk;Zfu"iknu ds ckjs esa lnL;ksa d® voxRk djk;k TkkRkkgSA izca/ku ds ofj"B vf/kdkfj;ksa dks] tc dHkh vko';drk gks]funs'kd eaMy@mldh lfefr;ksa }kjk ppkZ fd;s tkus okysekeyksa ij vfrfjDr tkudkjh miyC/k djkus ds fy, cqyk;ktkrk gSA
funs'kd eaMy ds ikl os lHkh vf/kdkj gSa Tk® mifu;eksa dsvaRkxZRk vko';d le>s x;s gSa vFkok cgqjkT; lgdkjhl®lk;Vht vfèkfu;e@fu;eksa ds vaRkxZRk vius dk;ksZaa d® R®Tkhls iwjk djus ds fy, vko';d gSaA
foRr o"kZ 2009&10 ds n©jku funs'kd eaMy dh 14 cSBdsagqbaZ v©j bl vof/k ds n©jku 2 cSBdksa esa vf/kdRke vURkjky45 fnu jgkA bu lHkh cSBdksa esa mifLFkfRk dkQh vPNh jghAfuns'kd eaMy dh cSBdsa vkerkSj ij lfefr ds iathÑrdk;kZy; bQdks lnu] lkdsr Iysl] ubZ fnYyh esa gksrhgSaA
x½ funs'kd eaMy dh lfefRk;ka
bQdks dk fo’okl gS fd izca/ku flLVe esa ikjnf’kZrk vkSjnkf;Roksa dks fofHkUu Lrjksa ij lkSaius ls ftEesnkjh dh Hkkoukc<+rh gS vkSj laLFkk dk fodkl gksrk gSA bQdks dh 4 lfefr;kagSa tks funs’kd eaMy dks lg;ksx djrh gSa bu lfefr;ksadks iwjs vf/kdkj fn;s x;s gSa vkSj fof’k"V mRrjnkf;Ro lkSaisx;s gSa rkfd laLFkk ds dk;ks± dk izca/ku dq’kyrkiwoZd fd;ktk ldsA
3. Board Of Directors
IFFCO believes that good Corporate Governance begins withsetting the tone at the top. IFFCO's Board of Directors, are
from diverse backgrounds with skills and experience in critical
areas like technology, finance, marketing and generalmanagement, who are committed to all underlying principles
and values that constitute the best standards of CorporateGovernance.
a) Size and Composition of Board
The composition of the Board of Directors is governed by
Multi State Cooperative Societies Act, 2002 and Bye-Lawsof the Society. As per the Bye-Laws, the Society's Board
of Directors consists of 30 Directors, which includes 10nominees from Marketing Federations, 11 elected
representatives, 2 Co-opted nominees and 7 Functional
Directors. The elected and nominated Directors bring tothe Board wide range of experience and skills.
b) Board Meetings and Procedures
IFFCO has defined procedures in its Bye-Laws for meetingsof the Board of Directors and its Committees. The meetings
of the Board of Directors are convened at the instance of
the Chairman by giving appropriate notice. Agenda papers,containing all necessary information are made available
to the Board well in advance to enable the Board Membersto discharge their responsibilities effectively and for
facilitating meaningful, informed and focussed discussions
and decisions at the Meetings. The Board is kept appraisedof the overall performance of the Society by the Managing
Director at the Board Meetings. Senior Managementofficials are called to provide additional inputs on matters
being discussed by the Board / Committees as and when
necessary.
The Board of Directors have all such powers under the
Bye-Laws as are considered necessary or expedient forthe purpose of carrying out its functions under the Multi
State Cooperative Societies Act / Rules.
Fourteen Board Meetings were held during the financial
year 2009-10 and maximum interval between two meetingsduring this period was 45 days. All the meetings were well
attended. The meetings of the Board are generally held atthe Registered Office of the Society at IFFCO Sadan, Saket
Place, New Delhi.
c) Board Committees
IFFCO believes that transparency and distributedresponsibility in the management system underpins
accountability and growth of an Organisation. There arefour Committees assisting the Board of Directors, and
these have been delegated with specific responsibilities
as well as authority for efficient management of operationsof the Organisation.
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The Board has the following Committees:(i) Executive Committee
(ii) Project Sub-Committee(iii) Marketing Sub-Committee
(iv) Audit Committee
(i) Executive Committee
The Executive Committee is responsible for the efficient
management of the Society's various establishments/projects subject to overall control and authority of the
Board of Directors and the scope is to review the
Revenue and Capital Budget Estimates and approveregulations, rules, manuals for the conduct, supervision
and management of the business and affairs of IFFCO.
As on 31st March, 2010, the Executive Committeecomprised of twelve Directors including Chairman,
Vice Chairman and four Functional Directors. Twelvemeetings of the Executive Committee were held during
the financial year 2009-10, which were well attended.
(ii) Project Sub-Committee
The Project Sub-committee is responsible for efficient
management of Projects undertaken by the Societyand the scope is to review the overall progress of the
projects, organization structures and staffing andvarious contracts related to projects. As on 31st
March, 2010, the Project Sub-Committee comprised
of seventeen Directors including Chairman, ViceChairman, Managing Director and Joint Managing
Director. Four meetings of the Project Sub-Committeewere held during the year, which were well attended.
(iii) Marketing Sub-Committee
The Marketing Sub-Committee is responsible for the
efficient management of marketing operations of the
Society, which mainly include formulating the overallmarketing policy, distribution strategy and pricing
policy for sale of fertilizers and agricultural inputs. Ason 31st March, 2010, the Marketing Sub-Committee
consisted of twenty one Directors including Chairman,
Vice Chairman and three Functional Directors. Fivemeetings of the Marketing Sub-Committee were held
during the year, which were well attended.
(iv) Audit Committee
The Audit Committee plays a key role in ensuringmaintenance of high level of Governance Standards
in the Organisation. As on 31st March, 2010, the Audit
Committee consisted of nine Directors includingChairman, Vice Chairman, Managing Director and
Joint Managing Director. The terms of reference ofAudit Committee inter-alia include the following:
– Overseeing the Society's financial reporting process
and ensuring correct, adequate and credible
disclosure of financial information.
funs'kd eaMy dh lfefRk;ka fuEufyf[kRk gSa %¼i½ dk;Zdkfj.kh lfefRk¼ii½ ifj;®Tkuk mi&lfefRk¼iii½ foi.ku mi&lfefRk¼iv½ ys[kkijh{kk lfefRk
¼i½ dk;Zdkfj.kh lfefRk
dk;Zdkfj.kh lfefRk] lfefRk dh fofHké LFkkiukvksa@ifj;®Tkukvksa ds dq'ky Áca/ku ds fy, mRrjnk;h gS ijURkqbl ij funs'kd eaMy dk lexz fu;U=.k v©j Ákf/kdkjjgRkk gS rFkk blesa jktLo rFkk iwath ctV vuqekuksadh leh{kk dh tkrh gS vkSj bQdks ds dkjksckj rFkkekeyksa ds izca/ku o i;Zos{k.k rFkk mlds lapkyu dsfy, fofu;eksa] fu;ekoyh] eSuqvyksa dk vuqeksnu fd;ktkrk gSA 31 ekpZ] 2010 d® dk;Zdkfj.kh lfefRk esa 12funs'kd F® fTkuesa v/;{k] mik/;{k v©j 4 QaD'kuyfuns'kd 'kkfey F®A foRr o"kZ 2009&10 ds n©jkudk;Zdkfj.kh lfefRk dh 12 cSBdsa gqb±A lHkh cSBdksa esamifLFkfRk dkQh vPNh jghA
¼ii½ ifj;®Tkuk mi&lfefRk
ifj;®Tkuk mi&lfefRk] lfefRk }kjk vey esa ykbZ Tkkjgh ifj;®Tkukvksa ds dq'ky Áca/ku ds fy, mRrjnk;hgS v©j blds dk;Z{®= esa ifj;®Tkukvksa dh lexz ÁxfRk]ifj;®Tkukvksa dh laxBukRed lajpukvksa v©j LVkÇQxRkFkk ifj;®Tkukvksa ls lacaf/kRk fofHké Bsdksa dh leh{kkdjuk gSA 31 ekpZ] 2010 d® bl ifj;®Tkuk mi&lfefRkesa 17 funs'kd F® fTkuesa vè;{k] mik/;{k] Áca/k funs'kdv©j la;qDr izca/k funs'kd 'kkfey F®A bl o"kZ ds nkSjkuifj;kstuk mi lfefRk dh 4 cSBdsa gqb±A lHkh cSBdksa esamifLFkfRk dkQh vPNh jghA
¼iii½ foi.ku mi&lfefRk
foi.ku mi&lfefRk] lfefRk ds foi.ku dk;ks± ds dq'kyÁcaèku ds fy, mRrjnk;h gS] fTklesa lexz foi.ku uhfRkR©;kj djuk] foRkj.k j.kuhfRk RkFkk moZjdksa RkFkk Ñf"kvknkuksa dh fcØh ds fy, ewY; uhfRk R©;kj djuk 'kkfeygSA 31 ekpZ] 2010 d® foi.ku mi&lfefRk esa v/;{k]mikè;{k v©j 3 QaD'kuy funs'kd®a lfgRk dqy 21funs'kd F®sA bl o"kZ ds n©jku foi.ku mi&lfefRkdh 5 cSBdsa gqb±A bu lHkh cSBdksa esa mifLFkfRk dkQhvPNh jghA
¼iv½ ys[kkijh{kk lfefRk
ys[kkijh{kk lfefr laxBu esa mPp Lrj ds xous±l ekudksadks cuk, j[kus esa egRoiw.kZ Hkwfedk fuHkkrh gSA 31 ekpZ]2010 dks ys[kkijh{kk lfefr esa ukS funs'kd Fks ftuesavè;{k] mik/;{k] Áca/k funs'kd v©j la;qDr izca/k funs'kd'kkfey gSaA ys[kkijh{kk lfefRk ds dk;Z{®= esa vU; dk;ks±ds vykok fuEufyf[kRk Hkh 'kkfey gSa %
& lfefRk dh foRrh; fji®fV±x dh ÁfØ;k v©j foRrh;lwpukvksa ds lgh] i;kZIRk v©j foÜoLuh; ÁdVu d®lqfuf'pRk djukA
79
– Reviewing with management the half yearly andannual financial statements before submission to
the Board with special emphasis on accountingpolicies and practices and compliance with
Accounting Standards.
– Reviewing the adequacy of internal control systems
and the structure of Internal Audit Department.
Six meetings of the Audit Committee were held during the
year. Besides the members of the Audit Committee, theHead of Internal Audit Department is a special invitee to
all the meetings of the Audit Committee. The Statutory
Auditors of the Society are also special invitees to theAudit Committee Meeting, wherein they participate in
discussion relating to the review of annual financialstatements of the Society and any other matter that in the
opinion of the Statutory Auditors needs to be brought to
the notice of the Committee.
4. Code of Conduct
As provided under Multi State Cooperative Societies Act, 2002
and IFFCO's Bye-Laws, the General Body is to review the listof employees who are relatives of the Members of the Board
including Chief Executive and formulate the "Code of Conduct"
for the Members of the Board and Officers. Accordingly, theSociety has a well defined "Code of Conduct" for its Board of
Directors in alignment with Society's vision and values toachieve the mission and objectives and aims at enhancing
ethical and transparent process in managing the affairs of the
Society. Also the system for declaration of "relative" is in place.These norms are strictly applicable to the Members of the
Board including Functional Directors.
5. Vigilance
Keeping in view the responsibility to safeguard the interest of
it's members, IFFCO has set up Vigilance Department at each
manufacturing Unit and Zonal Office of Marketing Division. TheVigilance Department is managed by Chief Vigilance Officer
(CVO) at the Corporate Office, who directly reports to theManaging Director. The key responsibilities of Vigilance
Department are to review the procurement files, service contracts
and verifying complaints etc. and forward it's reports to ManagingDirector with recommendations for necessary action.
6. Ownership Rights of Shareholders
IFFCO has a diversified shareholder base comprising of39,862 Cooperative Societies and over 25 Marketing
Federations. As on 31st March, 2010, entire Paid-up equity of
the Society was held by these Cooperative Societies / MarketingFederations spread all over the country. IFFCO has achieved
a healthy level of value creation for its Shareholders.
Shareholders' rights have been well articulated in IFFCO's
Bye-Laws. The Society provides adequate and timelyinformation to its shareholders to enable them to participate
& Nekgh rFkk okf"kZd foRrh; fooj.kksa d® funs'kd eaMyds le{k ÁLRkqRk djus ls igys ys[kkadu uhfRk;ksaRkFkk ÁfØ;kvksa o ys[kkadu ekudksa ds vuqikyu ijfo'®"k è;ku nsR® gq, Áca/ku ds lkFk bldh leh{kkdjukA
& vkaRkfjd fu;a=.k i)fr;ksa dh leh{kk v©j vkaRkfjdys[kkijh{kk foHkkx dh lajpuk dh leh{kk djukA
bl o"kZ ds n©jku ys[kkijh{kk lfefRk dh 6 cSBdsa gqb±Ays[kkijh{kk lfefRk ds lnL;ksa ds vykok vkaRkfjd ys[kkijh{kkfoHkkx ds Áeq[k Hkh fo'®"k vkeaf=Rkh ds :i esa ys[kkijh{kklfefRk dh lHkh cSBdksa esa Hkkx ysR® gSaA lfefRk ds lkafofèkdys[kkijh{kd Hkh ys[kkijh{kk lfefRk dh cSBd esa fo'®"kvkeaf=Rkh ds :i esa Rkc Hkkx ysR® gSa Tkc lfefRk ds okf"kZdfoRrh; fooj.kksa dh leh{kk ls lacaf/kRk fdlh ppkZ esa Hkkxysuk g®Rkk gS vFkok lkafof/kd ys[kkijh{kdksa dh jk; esa fdlhekeys dh lwpuk lfefRk ds /;ku esa ykus dh vko';dRkkg®Rkh gSA
4- vkpkj lafgRkk
cgqjkT; lgdkjh l®lk;Vht vf/kfu;e] 2002 v©j bQd®mi&fu;eksa ds Áko/kkuksa ds vaRkxZRk vke lHkk dks ,sls deZpkfj;ksadh lwph dh leh{kk djuh gksRkh gS Tk® eq[; dk;Zdkjh vf/kdkjhlfgRk funs'kd eaMy ds lnL;ksa ds laca/kh gSa RkFkk vkelHkk dksfuns'kd eaMy ds lnL;ksa v©j vf/kdkfj;ksa ds fy, ^^vkpkj lafgRkk^^R©;kj djuh gksrh gSA Rkn~uqlkj] lfefRk ds ikl vius y{;ksa vkSjfe'kuksa dks izkIr djus ds fy, blds fotu rFkk ewY;ksa ds vuqlkjlfefr ds ekeyksa esa izHkko'kkyh rFkk ikjn'khZ izkslsl fodflr djusdh n`f"V ls funs'kd eaMy ds lnL;ksa ds fy, ,d lqikfjHkkf"kRk^^vkpkj lafgRkk^^ gSA blds vykok] ^^laca/kh^^ dh ?k®"k.kk djus dkHkh ,d flLVe gSA ;s ekunaM QaD'kuy funs'kdksa lfgRk funs'kdeaMy ds lHkh lnL;ksa ij iwjh Rkjg ls ykxw g®R® gSaA
5- lrdZrk
vius lnL;ksa ds fgrksa dh lqj{kk ds nkf;Ro dks /;ku esa j[krsgq, bQdks us izR;sd mRiknu bdkbZ rFkk foi.ku izHkkx ds eaMydk;kZy;ksa esa lrdZrk foHkkx dh LFkkiuk dh gSA dkjiksjsV dk;kZy;esa foftysal foHkkx] eq[; lrdZrk vf/kdkjh ¼lhohvks½ }kjk eSustfd;k tk jgk gS] tks izca/k funs'kd dks lh/ks fjiksVZ djrs gSaAlrdZrk foHkkx dk izeq[k nkf;Ro [kjhn lacaèkh Qkbyksa] lsok Bsdksadh leh{kk djuk rFkk f'kdk;rksa vkfn dk lR;kiu djuk gSrFkk mUgsa viuh flQkfj'k lfgr vko';d dkjZokbZ gsrq bldhfjiksVZ izca/k funs'kd dks Hkstuh gksrh gSA
6- '®;j/kkfj;ksa ds LokfeRo ds vf/kdkj
bQd® dh '®;j/kkfjRkk dk vk/kkj O;kid gS fTklesa 39862 lsvf/kd lgdkjh lfefRk;ka v©j 25 ls vf/kd foi.ku egkla?k 'kkfeygSaA 31 ekpZ] 2010 d® lfefRk dh lEiw.kZ iznRr '®;jiwaTkh ns'kHkjesa QSyh bu lgdkjh lfefr;[email protected] egkla?kksa ds ikl FkhAbQd® us vius '®;jèkkfj;ksa ds fy, ewY; l`Tku ds mPp LRkj®ad® gkfly fd;k gSA
'®;j/kkfj;ksa ds vf/kdkjksa dk foLRk`Rk fooj.k bQd® mi&fu;eksaesa fn;k x;k gSA lfefRk vius '®;j/kkfj;ksa d® i;kZIRk vk/kkj ijv©j le; ls lwpuk nsRkh gS Rkkfd os vkelHkk dh cSBdksa esa Hkkx
ys ldsaA vkelHkk ds lHkh izfrfuf/k lnL;ksa dks O;fDrxr :ils de ls de 14 fnu iwoZ okf"kZd fji®VZ ds lkFk lwpuk HksTknh TkkRkh gSA dk;Zlwph enksa d® vkeRk©j ij /ofueRk ls Lohdkjfd;k TkkRkk gSA ÁfRko"kZ] ubZ fnYyh esa ,d ckj g®us okyh okf"kZdvke cSBd esa '®;j/kkfj;ksa v©j fuos'kdksa dh f'kdk;Rkksa dk lekèkkufd;k TkkRkk gSA
vkelHkk fuEufyf[kr ekeyksa dks ns[krh gS%& funs'kd eaMy ds lnL;ksa dk fuokZpu vFkok mUgsa
gVkukA& ekStwnk mi&fu;eksa esa la'kks/ku vFkok mUgsa fujLr djuk
vFkok u;s fu;eksa dks ykxw djukA& funs'kd eaMy ds lnL;ksa ds fy, vkpkj lafgrk rS;kj
djukA& okf"kZd foRrh; fooj.k rFkk okf"kZd ctV dk vuqeksnuA& fuoy ykHkksa dk forj.kA
31-3-2010 dks lfefr dh 'ks;jiwath 426-24 djksM+ #i;s Fkh ¼xro"kZ tCr iwath lfgr½ vkSj '®;j/kkfjRkk dk fooj.k fuEu ÁdkjFkk%
'ks;jksa dk ewY; 'ks;j /kkjdksa dh la[;k vkoafVr 'ks;jksa dh la[;k
1,000 37,094 3,46,11510,000 2,540 39,627
1,00,000 228 35,260
;ksx% 39,862 4,21,002
6- lapkj ds lk/ku
dkjiksjsV foRrh; dk;Zfu"iknu ls lacaf/kr lwpukvksa dk lrr] laxr]fo'oluh; rFkk le; ls izdVu Js"B xous±l dk vk/kkj gSA lfefrds Nekgh vkSj ys[kkijhf{kr foRrh; ifj.kkeksa v©j egRoiw.kZ dk;kZy;hlekpkjksa d® lfefRk dh osclkbV www.iffco.nic.in ij Mkyk TkkRkkgSA lfefRk dh okf"kZd fji®VZ osclkbV ij bl Ádkj ls Mkyh TkkRkhgS fd bPNqd O;fDRk mls vklkuh ls ns[k ldsa v©j vko';d g®us ijMkmuy®M dj ldasA lfefr okf"kZd fjiksVZ] okf"kZd vke cSBdksa rFkkosclkbV ij nh xbZ lwpukvksa ds ek/;e ls vius 'ks;j/kkfj;ksa ds lkFklEidZ lk/krh gSA bl osclkbV ij dk;kZy;h lekpkjksa] izSl dojstvkfn dks Hkh LFkku fn;k tkrk gSA 'ks;j/kkjh] lfefr dh ossclkbV dksns[k ldrs gSa vkSj vko';d foRrh; tkudkjh rFkk lfefr ls laac)u, fodkl dk;ks± laaca/kh tkudkjh izkIr dj ldrs gaSA
80
in meetings of the General Body. Notice of at least fourteendays is sent individually to all the representatives of the
General Body, along with the Annual Report. Agenda items arenormally accepted by voice vote. Shareholders and investors
grievances are adequately addressed at the Annual General
Meeting, which is held once every year at New Delhi.
The General Body has oversight on the following matters:– Election or removal of the members of the Board of
Directors.
– Amendment or repeal of existing Bye-Laws or enactmentof new laws.
– Formulation of Code of Conduct for members of the Board
of Directors.– Approval of Annual Financial Statements and Annual Budget.
– Distribution of Net Profits.
The Share Capital of the Society as on 31st March, 2010 was
Rs.426.24 crore (with forfeited capital as last year) and thedistribution of shareholding was as under:
Value of Shares No. of Shareholders No. of Shares held
1,000 37,094 3,46,11510,000 2,540 39,627
1,00,000 228 35,260
Total: 39,862 4,21,002
7. Means of Communication
Timely disclosure of consistent, relevant and reliable information
on Corporate Financial Performance is at the core of goodGovernance. The half-yearly unaudited financial results and
recent official news are displayed on Society's website
www.iffco.nic.in. Full Annual Report of the Society is alsoavailable on the website in a user-friendly and downloadable
form. The Society communicates with its shareholders throughits Annual Report, Annual General Meetings and disclosures
through website. The Society's official news releases, other
press coverages are also hosted on the website. TheShareholders can visit the Society's website for all financial
information and new developments related to the Society.
a Auditors’ Report to Shareholders
a Balance Sheet
a Profit & Loss Account
a Schedules
a Cash Flow Statement
82
geus bafM;u QkjelZ QfVZykbTkj d®vkijsfVo fyfeVsM tks ,d cgqjkT;lgdkjh lfefr gS] ds 31 ekpZ] 2010 Rkd ds layXu Rkqyu&i= RkFkkmlds lkFk layXu mlh fRkfFk d® lekIRk g®us okys o"kZ ds yk“&gkfuys[® RkFkk udnh Áokg fooj.k dh ys[kkijh{kk dh gSA bu foRrh;fooj.kksa dk nkf;Ro lfefRk ds Áca/ku dk gSA gekjk mRrjnkf;Roys[kkijh{kk ds vk/kkj ij bu foRrh; fooj.kksa ij viuh jk; O;ädjuk gSA
geus viuh ys[kkijh{kk “kjRk esa vkeRk©j ij Lohdk;Z ys[kkijh{kk ekudksads vuqlkj dh gSA bu ekudksa esa ;g vis{kk dh TkkRkh gS fd ge viuhys[kkijh{kk bl Ádkj ls djsa fd ,d mfpRk lhek Rkd bl ckRk dh laRkqf"Vg® lds fd foRrh; fooj.kksa esa fdlh Ádkj dh xyRkc;kuh ugÈ gSAys[kkijh{kk dk;Z esa uewuk Tkkap] jkf'k;ksa ds leFkZu esa lk{; v©j foRrh;fooj.kksa esa muds ÁdVu vkfn dk dk;Z 'kkfey g®R® gSaA lkFk gh] ys[kkijh{kkds n©jku viuk, x, ys[kkadu fl)kaRkksa v©j Áca/ku }kjk R©;kj fd, x,egRoiw.kZ vuqekuksa dh leh{kk v©j lexz :i ls foRrh; fooj.kksa dsÁLRkqfRkdj.k ds ewY;kadu dk dk;Z “h 'kkfey g®Rkk gSA gesa iwjk fo'okl gSfd gekjh ys[kkijh{kk] gekjs bl fopkj d® mfpRk vk/kkj Ánku djRkh gSA
ge ;g fji®VZ nsR® gSa fd %
d½ geus os l“h lwpuk,a ,oa Li"Vhdj.k Tk® gekjh Tkkudkjh ,oafo'okl ds vuqlkj ys[kkijh{kk ds fy, vko';d F®] ÁkIRk djfy, gSaA
[k½ gekjs fopkj ls] lfefRk us cgqjkT; lgdkjh l®lkbVh fu;ekoyh] 2002v©j lfefRk ds mifu;eksa ds vuqlkj ;Fkkvko';d ys[kk&iqLRkdsaleqfpRk :i ls j[kh gSa] T©lk fd iqLRkdksa dh Tkkap ls ÁRkhRk g®Rkk gS( vkSjftu 'kk[kkvksa esa ge ugha tk ik, gSa] ogka ls leqfpr fjVuZ gesa izkIr gksxbZ gSa vkSj ;s fjVuZ ys[kkijh{kk ds gekjs iz;kstu ds fy, i;kZIr FkhaA
x½ v®eku fLFkRk eLdV czkap ds [kkrksa] ftudh ys[kkijh{kk lfefr dsys[kkijh{kdksa ls fHkUu vU; ys[kkijh{kdksa ls djkbZ xbZ gS vkSj eLdVczkap ls izkIr foRrh; fooj.kksa dks lfefr dh ys[kkadu uhfr;ksa dsvuqlj.k esa gekjs }kjk ;Fkk ys[kkijhf{kr foRrh; fooj.kksa esa 'kkkfeydj fy;k x;k gSA
?k½ bl fji®VZ esa of.kZRk foRrh; fooj.k vFkkZr~ Rkqyu i=] yk“ o gkfuys[kk RkFkk udnh Áokg fooj.k ys[kk iqLRkdksa ls] lfefRk dh fons'kfLFkRk czkap ls ÁkIRk ys[kkijhf{kr foRrh; fooj.kksa lfgr] ls esy [kkR®gSaA
p½ gekjh jk; esa v©j gekjh Tkkudkjh RkFkk gesa fn;s x;s Li"Vhdj.kksaftUgsa lfefr dh [kkrk cfg;ksa esa n'kkZ;k x;k gS] ds vuqlkj mäys[kk vuqlwph&20 esa nh xbZ fVIif.k;ka v©j egRoiw.kZ ys[kk uhfRk;ka]Tk® fd bu okf"kZd ys[kkvksa dk “kx gSa] ds lkFk i<+us ij fuEufyf[kRkds laca/k esa Hkkjr esa lkekU;r% Lohdk;Z ys[kkadu fl)karksa ds vuqlkjlgh v©j mfpRk fp= ÁLRkqRk djR® gSa %i½ 31 ekpZ] 2010 dh oLRkqfLFkfRk d® n'kkZus okyk Rkqyu&i= lfefRk
ds dk;ks± dk mfpRk fp= ÁLRkqRk djRkk gSAii½ yk“&gkfu ds ys[ks] ml Rkkjh[k d® lekIRk gq, o"kZ ds fy, lfefRk
ds yk“ ds laca/k esa lgh v©j mfpRk fp= ÁLRkqRk djRkk gS( RkFkkiii½ udnh Áokg fooj.k ds laca/k esa] ml Rkkjh[k d® lekIRk gq, o"kZ
ds fy, lfefRk ds udnh Áokg dk lgh v©j mfpRk fp= ÁLRkqRkdjR® gSaA
Auditors' Report to the Shareholdersys[kkijh{kdksa dh fjiksVZ] 'ks;jèkkfj;ksa dksys[kkijh{kdksa dh fjiksVZ] 'ks;jèkkfj;ksa dksys[kkijh{kdksa dh fjiksVZ] 'ks;jèkkfj;ksa dksys[kkijh{kdksa dh fjiksVZ] 'ks;jèkkfj;ksa dksys[kkijh{kdksa dh fjiksVZ] 'ks;jèkkfj;ksa dks
We have audited the attached Balance Sheet of Indian Farmers
Fertiliser Cooperative Limited (Multi State Cooperative Society) as at
31st March, 2010 and the Profit and Loss Account for the year ended
on that date annexed thereto and Cash Flow Statement for the year
ended on that date. These financial statements are the responsibility
of the Society's Management. Our responsibility is to express an
opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally
accepted in India. Those Standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made by the
Management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
We report that:
(a) We have obtained all the information and explanations, which to
the best of our knowledge and belief were necessary for the
purposes of our audit.
(b) In our opinion, proper books of account as specified in the Multi
State Cooperative Societies Rules, 2002 have been kept by the
Society so far as appears from our examination of the books and
proper returns adequate for the purpose of our audit have been
received from the Branches not visited by us.
(c) The Accounts of the Muscat Branch at Oman, which have been
audited by the auditors other than the Society's auditors and the
financial statements as received from the Muscat Branch have
been incorporated in the financial statements as audited by us, in
accordance with the accounting policies of the Society.
(d) The financial statements i.e. the Balance Sheet, Profit & Loss
Account and Cash Flow Statement dealt with by this report are in
agreement with the books of account after considering the audited
financial statements received from the Foreign Branch of the Society.
(e) In our opinion and to the best of our information and according to
the explanations given to us and as shown by the books of account
of the Society, the said Accounts, read together with Notes given
in Schedule 20 and Significant Accounting Policies, forming part
of the Accounts, give a true and fair view in confirmity with the
accounting principles generally accepted in India :
i) In the case of Balance Sheet, of the state of affairs of the
Society as at 31st March, 2010.
ii) In the case of Profit & Loss Account, of the Profit of the
Society for the year ended on that date; and
iii) In the case of Cash Flow Statement, of the Cash Flows of the
Society for the year ended on that date.
83
1- foÙkh; fooj.k R©;kj djus dk vkËkkj;s foRrh; fooj.k HkkjRk esa vkeRk©j ij Lohdk;Z ys[kk fl)kaRkksa]baLVhVÓwV v‚Q pkVsZaM ,dkmaVsaV~l v‚Q bafM;k }kjk Tkkjhys[kkadu ekudksa v©j cgqjkT; lgdkjh l®lkbVh vfËkfu;e] 2002ds ÁkoËkkuksa ds vuqlkj fgLV®fjdy ykxRk ijEijk ds vaRkxZRk,Øwvy vkËkkj ij R©;kj fd;s x;s gSaA
2- vuqekuksa dk mi;®x;s foRrh; fooj.k vkeRk©j ij Lohdk;Z ys[kkadu fl)kaRkksa dsvuq:i R©;kj fd;s x;s gSa fTkuds vaRkxZRk fji®VZxRk vofËk dsn©jku foRrh; fooj.kksa d® R©;kj djus dh Rkkjh[k d® mu jkf'k;ksads vuqeku v©j iwokZuqeku yxk;s Tkkus dh vko';dRkk g®Rkh gSTk® ifjlEifRr;ksa v©j ns;Rkkvksa dh vkSj jktLo vkSj O;; dhfji®VZxRk jkf'k;ksa ij ÁHkko MkyRkh gSaA okLRkfod ifj.kkeksa v©jvuqekuksa ds chp ds vaRkj d® ml vofËk ds n©jku ekU;Rkk Ánkudh TkkRkh gS Tkc bu ifj.kkeksa dk iRkk py TkkRkk gSA
3- LFkk;h ifjlEifRr;kad½ LFkk;h ifjlEifRr;ksa dk mYys[k fgLV®fjdy ykxRk esa ls
lafpRk ewY;gzkl ?kVkdj fd;k x;k gSA ykxRk esa [kjhn ewY;v©j ml ifjlEifRr d® okafNRk mi;®x dh fLFkfRk esa ykus dsfy, O;; dh xbZ lHkh jkf'k;ksa d® Hkh 'kkfey fd;k x;k gSA
[k½ lfØ; mi;ksx ls gVkbZ xbZ ifjlEifRr;ksa vkSj fuiVkuds fy, j[kh xbZ ifjlEifRr;ksa dks vyx ls LFkk;hifjlEifRr;ksa ds varxZr fuoy [kkrk ewY; ds U;wure ijvkSj vuqekfur olwyh ;ksX; ewY; ij n'kkZ;k x;k gSA
4- fuekZ.k vofËk ds n©jku fd;k x;k O;;bdkbZ;ksa ds u;s@Áeq[k foLRkkj ds lacaËk esa okf.kfT;d mRiknuvkjaHk g®us dh Rkkjh[k Rkd fuekZ.k vofËk ds n©jku fd;s x;svÁR;{k O;; tksfd ml ifj;®Tkuk ds fuekZ.k ls lacafËkRk gS]d® vkuqikfRkd vkËkkj ij iwaTkhÑRk fd;k x;k gSA
5- vewRkZ ifjlEifRr;kafdlh vewRkZ ifjlEifRr d® RkHkh vewRkZ ifjlEifRr ekuk x;k gSTkc ,slh laHkkouk g® fd Hkfo"; esa ml ifjlEifRr ls lfefRk d®vkfFkZd ykHk feysxk v©j ml ifjlEifRr dh ykxRk dh x.kukfoÜoluh; Rk©j ij dh Tkk ldRkh gSA ,slh ifjlEifRr;ksa d® pqdk,x, _.k d® ?kVkus ds ckn ykxRk ij n'kkZ;k x;k gSA
6- ifjlEifRr;ksa dk gkfudj.kÁR;sd Rkqyu&i= R©;kj djus dh Rkkjh[k d® ;g vkdyu fd;kTkkRkk gS fd D;k fdlh ifjlEifRr ds gkfudj.k ds fy, fdlhÁdkj dk d®bZ ladsRk e©Tkwn gSA vxj ,slk d®bZ ladsRk fn[kkbZnsRkk gS] Rk® foPNsnu gkfudj.k dh jkf'k vFkkZRk~ ml ifjlEifRrdh og dSfjax jkf'k Tk® lEifRr dh olwyh ;®X; jkf'k ls vfËkdg®] dk ys[kk iqLRkdksa esa ÁkoËkku fd;k TkkRkk gSA
7- fuos'kd½ nh?kZkofËkd fuos'kksa dk fglkc ykxr ij yxk;k x;k gSA
,sls fuos'kksa ds ewY; esa deh dk izkoËkku dsoy ml voLFkkesa fd;k x;k gS tc og deh fuos'k dh ykxr esa vLFkk;hrkSj ls fHkUu gksA
Significant Accounting PoliciesegÙoiw.kZ ys[kk uhfr;kaegÙoiw.kZ ys[kk uhfr;kaegÙoiw.kZ ys[kk uhfr;kaegÙoiw.kZ ys[kk uhfr;kaegÙoiw.kZ ys[kk uhfr;ka
1. Basis of Preparation of Financial StatementsThe Financial Statements are prepared on accrual basis
of accounting under the historical cost convention inaccordance with the Generally Accepted Accounting
Principles in India, the Accounting Standards issued by the
Institute of Chartered Accountants of India and the relevantprovisions of Multi State Cooperative Societies Act, 2002.
2. Use of EstimatesThe preparation of financial statements, in conformity with
the Generally Accepted Accounting Principles, requireestimates and assumptions to be made that affect the
reported amount of assets and liabilities as on the dateof the financial statements and the reported amount of
revenues and expenses during the reporting period.
Difference between the actual results and estimates arerecognised in the period in which the results materialise.
3. Fixed Assetsa) Fixed Assets are stated at historical cost less
accumulated depreciation. Cost comprises of thepurchase price and any attributable cost of bringing
the asset to its working condition for its intended use.
b) Assets retired from active use and held for disposalare shown separately under Fixed Assets at lower of
net book value and net realisable value.
4. Expenditure incurred during Construction PeriodIn respect of new / major expansion of Units, the indirect
expenditure incurred during construction period upto thedate of the commencement of commercial production,
which is attributable to the construction of the project, is
capitalised on proportionate basis.
5. Intangible AssetsAn intangible asset is recognised where it is probable thatthe future economic benefits attributable to the asset will
flow to the Society and the cost of the asset can bemeasured reliably. Such assets are stated at cost less
accumulated amortisation.
6. Impairment of AssetsAt each balance sheet date an assessment is madewhether any indication exists that an asset has been
impaired. If any such indication exists, an impairment loss
i.e. the amount by which the carrying amount of an assetexceeds its recoverable amount, is provided in the books
of account.
7. Investmentsa) Long Term Investments are carried at cost. Provision
for diminution in the value of such investments is
made to recognise a decline, other than temporary,
in the value of the investments.
84
b) Current Investments are valued at lower of cost andfair value determined on an individual investment
basis.
8. InventoriesInventories are valued at lower of cost and net realisablevalue.
a) The cost in respect of various items of inventory iscomputed as under:
i) Raw Materials, Packing Materials, Construction
Materials, Loose Tools in Stock, Chemicals andCatalysts in Stock and Stores and Spares at
monthly weighted average cost.
ii) Stock-in-Process at direct cost and an appropriateportion of overheads.
iii) Finished Goods:– Manufactured Nitrogenous Fertilisers covered
by Group Concession Scheme at Annualised
Cost of Production at Plant after adjustment ofsubsidy as determined as per the Norms of the
Fertiliser Industry Coordination Committee(FICC).
– Manufactured Phosphatic Fertilisers at
Annualised Cost of Production at Plant afteradjustment of subsidy as notified / estimated
in accordance with known policy parametersin this regard.
– Imported Nitrogenous Fertilisers at
procurement cost determined on weightedaverage basis plus direct expenses less
reimbursement of handling cost as fixed by theGovernment of India.
– Imported Phosphatic Fertilisers at procurement
cost determined on weighted average basisplus direct expenses after adjustment of
subsidy as estimated in accordance with knownpolicy parameters in this regard.
b) Net realisable value of Finished Goods is determinedat estimated selling price in the ordinary course of
business less the estimated costs necessary to make
the sale.
9. Depreciation / Amortisationa) Depreciation on Fixed Assets is provided on Straight
Line Method as follows:
(i) In respect of assets acquired upto 31st March,1990 at the rates prescribed under Income Tax
Act, 1961 and rules framed thereunder.(ii) In respect of assets acquired after 31st March,
1990 at the rates based on Schedule XIV of the
Companies Act, 1956 except for fixed assetstaken over at Paradeep Unit, which are
depreciated based on useful life of such assets.
b) Assets are depreciated to the extent of 95% of the
original cost except assets individually costing upto
[k½ pkyw fuos'kksa dk ewY; ykxr ds U;wu ij vFkok izR;sdfuos'k ds vkËkkj ij leqfpr ewY; ij fuËkkZfjr fd;k x;kgSA
8- ekylwfp;kaekylwfp;ksa dk ewY;kadu] ykxr vFkok fuoy olwyh ;ksX; ewY;]tks Hkh de gks] ij fd;k x;k gSAd½ ekylwph dh fofHkUu enksa dh ykxr fuEufyf[kr vkËkkj
ij fudkyh xbZ gS%i½ dPps eky] iSfdax lkexzh] fuekZ.k lkexzh] LVkd esa
ywt VwYl] LVkd esa dsfedy ,oa dSVkfyLV rFkkLis;lZ vkSj LVkslZ dh ekfld Hkkfjr vkSlr ykxrijA
ii½ izfØ;kËkhu LVkd dk izR;{k ykxr ij vkSj mifj&[kpksZa ds leqfpr Hkkx dks tksM+djA
iii½ rS;kj eky%& mRikfnr ukbVªksthul moZjd tks xzqi fj;k;r
;kstuk ds varxZr vkrs gSa] dk ewY;kadu la;a= Lrjij okf"kZd mRiknu ykxr esa ls moZjd m|ksxleUo; lfefr ¼,QvkbZlhlh½ ds ekudksa ds vuqlkjfuËkkZfjr dh xbZ vFkZlgk;rk dk lek;kstu djusds cknA
& mRikfnr QkLQsfVd moZjd tks xzqi fj;k;r ;kstukds varxZr vkrs gSa] dk ewY;kadu la;a= Lrj ijokf"kZd mRiknu ykxr] bl lacaËk esa Kkr ekudksads vuqlkj vfèklwfpr@vuqekfur vFkZlgk;rk dklek;kstu djus ds cknA
& vk;kfrr ukbVªksthul moZjd [kjhn ykxr ij HkkfjrvkSlr vkèkkj ij tek izR;{k O;; esa ls Hkkjrljdkj }kjk r; dh xbZ gSaMfyax ykxr dh izfriwfrZ?kVkdjA
& vk;kfrr QkLQsfVd moZjd [kjhn ykxr ij HkkfjrvkSlr vkèkkj ij tek izR;{k O;; esa ls bl lacaËkesa Kkr uhfr ds ekudksa ds vuqlkj vuqekfur vFkZlgk;rk ds lek;kstu ds cknA
[k½ rS;kj eky ds fuoy olwyh ;ksX; ewY; dk fuËkkZj.k O;kikjdh lkekU; ifjfLFfr;ksa esa vuqekfur fcØh ewY; esa ls fcØhdjus ds fy, vko';d ykxrksa dks ?kVkus ds ckn fd;ktkrk gSA
9- ewY;gzkl@ifj'kksËkud½ LFkk;h ifjlEifRr;ksa ij ewY;gzkl lhËkh i)fRk ¼LVsªV ykbu
eSFkM½ ij fuEufyf[kRk vuqlkj ÁHkkfjRk fd;k x;k gS%i½ 31 ekpZ] 1990 rd vfËkxzghRk dh xbZ ifjlEifRr;ksa
ds lacaËk esa] vk;dj vfËkfu;e] 1961 v©j blds vaRkxZRkcuk;s x;s fu;eksa esa fuËkkZfjRk dh xbZ njksa ijA
ii½ 31 ekpZ] 1990 ds ckn vfËkxzghRk dh xbZ ifjlEifRr;ksa ijdaiuh vfËkfu;e] 1956 dh vuqlwph&14 esa vkËkkfjRk njsaAflok;] ikjknhi esa vf/kxzghr LFkk;h ifjlEifRr;ksa ds]ftuds ewY;gzkl dh x.kuk] mDr ifjlEifRr;ksa dhmi;ksxh thoukofËk ds vk/kkj ij dh xbZ gSA
[k½ ifjlEifRr;®a d® mudh ewy ykxRk dh 95 ÁfRk'kRk lhekRkd ewY;gzkflRk fd;k TkkRkk gS] flok; ,slh ifjlEifRr;ksa
85
Rs.5,000/-, which are fully depreciated in the year ofacquisition.
c) Railway wagons under "Own Your Wagon Scheme"
are depreciated over a period of ten years.
d) Machinery Spares, which can be used only in
connection with an item of Plant and Machinery andits use is expected to be irregular, are fully depreciated
over the remaining useful life of the related asset.
e) Premium paid for acquisition of leasehold land, other
than those acquired under perpetual lease basis, isamortised over the period of lease.
f) Leasehold Buildings are fully depreciated over theperiod of lease in case period of lease is less than
the useful life derived from the rates as per ScheduleXIV of the Companies Act, 1956.
g) Addition to assets are depreciated for the full yearirrespective of the date of addition and no depreciation
is provided on assets sold / discarded during theyear. However, in the case of capitalisation of
project, depreciation is provided on a pro-rata basis
from the date of commencement of commercialproduction.
h) Intangible assets are amortised over their estimateduseful lives but not exceeding ten years when the
asset is available for use.
10. Revenue RecognitionRevenue is recognised to the extent that it can be reliably
measured and is probable that the economic benefits willflow to the Society.
a) Sales of Goods– Domestic Sales are recognised on the basis of
issue and acceptance of Release Orders whereby
all significant risks and rewards of ownership aretransferred to the buyer and the Society retains no
effective control of the goods transferred to adegree usually associated with the ownership.
– High Sea sales are recognised upon endorsement
of bill of lading in favour of buyer.
b) Subsidy from Government of IndiaRevenue Subsidy from Government of India allowable
under Concession Scheme with regard to Fertilisers
is recognised on a systematic basis to match with therelated costs that are intended to compensate.
c) Other Incomei) Dividend income is recognised when the right to
receive payment is established.ii) Interest on delayed payments from customers,
insurance claims, coal grade slippage claims,
ds] fTkudh ykxRk ÁR;sd ekeys esa 5]000@& #i;s Rkdg®Rkh gS] d® vfËkxzg.k ds o"kZ esa gh iwjh Rkjg ewY;gzkflRkdj fn;k TkkRkk gSA
x½ *v®u ;®j oSxu ;®Tkuk* ds vaRkxZRk jsyos oSxuksa dk ewY;gzkl10 o"kkasZ dh vofËk ds ckn yxk;k x;k gSA
?k½ e'khujh Lis;lZ ftudk mi;ksx la;a= o e'khujh dh fdlh ends laca/k esa gh fd;k tk ldrk gS rFkk bldks vfu;fer :ils mi;ksx esa ykus dh laHkkouk gS] dk iw.kZ ewY;gzkl lEc)ifjlEifRr dh '®"k mi;®xh TkhoukofËk ij fd;k x;k gSA
p½ iÍs okyh Hkwfe ds vfËkxzg.k ds fy, Áhfe;e ds HkqxRkkud® LFkk;h yht ds varxZr vf/kxzghr Hkwfe dks NksM+dj]iÍs dh vofËk esa foHkDRk fd;k x;k gSA
N½ iÍs okys Hkouksa ij iw.kZ ewY;gzkl iÍk vofËk esa vFkok ,slsHkouksa dh mi;®xh Tkhou vofËk ds fy,] Tk® Hkh de g®]yxk;k TkkRkk gS v©j blds fy, njsa daiuh vfËkfu;e] 1956dh vuqlwph&14 esa fuËkkZfjRk njsa viukbZ TkkRkh gSaA
Tk½ Tk®M+h xbZ ifjlEifRr;ksa ij ewY;gzkl iwjs o"kZ ds fy, yxk;kx;k gS] pkgs mUgsa ÁkIRk djus dh Rkkjh[k Tk® Hkh g® v©jo"kZ ds n©jku csph xbZ@jÌ ?k®f"kRk dh xbZ ifjlEifRr;ksaij d®bZ ewY;gzkl ugÈ yxk;k x;k gSA RkFkkfi] ifj;®Tkukd® iwaTkhÑRk fd;s Tkkus ds ekeys esa] ewY;gzkl] okf.kfT;dmRiknu vkjaHk g®us dh Rkkjh[k ls vkuqikfRkd vkËkkj ijyxk;k x;k gSA
>½ vewRkZ ifjlEifRr;ksa dk ifj'k®Ëku mudh vuqekfuRk mi;®xhTkhou vofËk esa fd;k TkkRkk gS c'kR Za fd mi;®x ds fy,miyCËk g®us ij ,slh lEifRr dh ;g vofËk 10 o"kZ lsvfËkd ugÈ g®uh pkfg,A
10- jkTkLo dk Lohdj.kjkTkLo Lohdj.k ml lhek Rkd fd;k TkkRkk gS Tkgka Rkd mld®foÜoluh;Rkk ds vkËkkj ij vkadk Tkk ldRkk gS v©j ;g laHkkoukg®Rkh gS fd blls lfefRk d® vkfFkZd ykHk gksaxsA
d½ eky dh fcØh& ?kjsyw fcfØ;ksa dk fglkc fuxZe v©j fjyhTk vkns'kksa ds
Lohdkj g®us ds vkËkkj ij fd;k TkkRkk gS fTklds vaRkxZRkekfydkuk gd ds lHkh Áeq[k Tk®f[ke v©j ykHk [kjhnnkjd® vaRkfjRk g® TkkR® gSa v©j lfefRk ds ikl eky ijbl Ádkj dk d®bZ ÁHkkoh fu;a=.k ugÈ g®Rkk Tk®fdvkeRk©j ij ekfydkuk gd ls TkqM+k g®A
& gkbZ lh lsYl dh x.kuk ØsRkk ds i{k esa fcy v‚QySÇMx ds i`"Bkadu ij dh TkkRkh gSA
[k½ HkkjRk ljdkj ls vFkZ&lgk;RkkHkkjRk ljdkj ls ÁkIRk g®us okyh moZjd laca/kh jkTkLovFkZ&lgk;Rkk dh x.kuk lacafËkr fj;k;r ;kstuk ds varxZr,d lqfuf'pRk rkSj ij ml vkËkkj ij dh TkkRkh gS fTkldhlEc) ykxRk dh ÁfRkiwfRkZ g®us dh laHkkouk g®Rkh gSA
x½ vU; vk;i½ ykHkka'k vk; dh x.kuk RkHkh dh TkkRkh gS Tkcfd mldk
HkqxRkku ÁkIRk g®us dk vfËkdkj iôk g® TkkRkk gSAii½ xzkgdksa ls] nsj ls ÁkIRk g®us okys HkqxRkkuksa ij C;kTk]
chek nkoksa] dksy xzsM fLyist nkoksa] rS;kj eky ds
86
Railway claims for finished goods and claimsreceivable on account of despatch money on
shipments are recognised when no significantuncertainty exists with regard to the amount to be
realised and ultimate collection thereof.
iii) Income from transfer of Certified EmissionReduction (CER) is recognised on delivery of
CERs to the buyer's account as evidenced by thecopy of transfer documentation, confirming the
transfer of CERs.
iv) Income from Scrap / salvage and waste materialis recognised when sold.
11. Foreign Currency Transactionsa) Foreign Currency transactions are recorded on initial
recognition at the exchange rate prevailing on thedate of the transaction. On settlement of transactions,
the realised gains and losses on foreign exchange
transactions are recognised in the Profit and LossAccount.
b) Foreign currency monetary items remaining unsettledat the end of the year are reported at year-end rates.
The exchange rate differences arising thereof are
recognised in the Profit and Loss Account. Non-monetary items, which are carried at historical cost
denominated in a foreign currency are reportedusing the exchange rate at the date of the transaction.
c) In respect of forward contracts premium or discount
arising at the inception of forward exchange contractsis amortised as an expense or income over the period
of the contract. Forward contracts remaining unsettledat the end of the year are reported at year end rates.
Any profit or loss arising on cancellation or renewal
of forward exchange contracts is recognised as incomeor expense in the year in which such profit or loss
arises.d) Financial statements of Foreign Branches are
considered to be integral and are translated as follows:
– Monetary assets and liabilities at exchange ratesprevailing at the end of the year.
– Non-monetary items at exchange rates prevailing
on the date of transaction.– Revenue items are accounted for at the exchange
rate, which approximates the rate prevailing as onthe date of transaction.
– Resultant translation differences arising therefrom
are recognised in the Profit and Loss Account.
12. Current Tax and Deferred TaxTax expense for the period, comprising Current Tax and
Deferred Tax is included in determining the Net Profit /
(Loss) for the year.a) Provision for Current Income Tax is made as per
provisions of Income Tax Act, 1961 after consideringthe applicable Double Taxation Avoidance Agreement
provisions.
fy, jsyos nkoksa rFkk f'kieSaV ij fMLiSp euh ds dkj.kizkI; nkoksa dks rHkh ekU;rk iznku dh tkrh gS tcolwy dh tkus okyh jkf'k ds ckjs esa vkSj mldhvafre olwyh ds ckjs esa fdlh izdkj dh dksbZ 'kadkugha jgrhA
iii½ lfVZQkbM beh'ku fjMD'ku ¼lhbZvkj½ ds varj.k dhvk; dks Øsrk ds [kkrs eas lhbZvkj dh fMyhojh gksusij n'kkZ;k x;k gS] tks fd ¼lhbZvkj½ ds varj.kdh iqf"V ds lacaËk esa varj.k nLrkost dh izfr lsKkr gksrs gSaA
iv½ LØSi@lkYost vkSj csdkj lkeku ls gksus okyh vk; dksrHkh [kkrksa esa fy;k tkrk gS tc mls cspk tkrk gSA
11- fons'kh eqæk esa ysu&nsud½ fons'kh eqæk esa fd, x, l©nksa d® vkjafHkd Lohdj.k ij
l©ns dh Rkkjh[k d® ykxw fofue; nj ij fjdkMZ fd;kTkkRkk gSA l©nksa dk fuiVku g® Tkkus ij fons'kh eqæk dsl©nksa ij g®us okys fdlh ykHk vkSj gkfu d® ykHk o gkfu[kkR® esa n'kkZ;k x;k gSA
[k½ o"kZ dh lekfIRk ij fuiVku ds fy, cdk;k fons'kh eqækdh ekSfnzd enksa d® o"kZ ds vaRk esa ÁpfyRk nj®a ij :ikarfjrfd;k x;k gSaA buesa vkus okys fofue; nj ds vaRkj d®]ykHk&gkfu [kkR® esa n'kkZ;k x;k gSA xSj&ekSfnzd ensa] fTkUgsafgLV®fjdy ykxRk ij fy;k x;k gS v©j fons'kh eqæk esan'kkZ;k x;k gS] d® ysu&nsu dh Rkkjh[k d® ÁpfyRk fofue;nj dk mi;®x djds fy;k x;k gSA
x½ QkjoMZ daVªSDV ds laca/k esa QkjoMZ ,Dlpsat daVªSDVksa dsvkjaHk gksus ij izhfe;e vFkok feyus okyh NwV d® Bsdsdh vofËk esa vk; vFkok O;; ds :i esa ifj'kksfËkr fd;kTkkRkk gSA bl o"kZ dh lekfIr ij fuiVku ds fy, cdk;kQkjoMZ daVªsDVksa dks o"kZ ds var dh njksa ds :i esa fjiksVZfd;k x;k gSA QkjoMZ ,Dlpsat Bsdksa dks jn~n djus ;kuohÑr djus ls gksus okys fdlh ykHk vFkok gkfu dks]ml vof/k ftlesa mDr ykHk vFkok gkfu gqbZ gS] esa vk;vkSj O;; ds :i esa fglkc esa fy;k x;k gSA
?k½ fons'kh 'kk[kkvksa ds foRrh; fooj.kksa d® ,dhÑRk :i esa fy;kx;k gS v©j bls fuEukuqlkj :ikarfjr fd;k x;k gS%& e©fæd ifjlEifRr;ksa v©j ns;Rkkv®a d® o"kZ ds vaRk esa
ÁpfyRk fofue; njksa ijA& xSj&e©fæd enksa d® l©ns dh Rkkjh[k d® ÁpfyRk fofue;
nj ijA& jkTkLo enksa d® ,Dlpsat nj ij tks ysu&nsu dh rkjh[k
dks ekStwnk nj ds vkl&ikl gksrh gS] ij fglkc esafy;k x;k gSA
& bl izdkj ls gksus okys 'ks"k :ikarj.k varjksa dks ykHko gkfu [kkrs esa Mkyk x;k gSA
12- pkyw dj vkSj vkLFkfxRk djbl vofËk ds nkSjku dj O;; ftuesa pkyw dj vkSj vkLFkfxrdj 'kkfey gSa dks bl o"kZ ds fuoy ykHk@¼gkfu½ dk fuËkkZj.kdjrs le; fy;k x;k gSAd½ pkyw dj dk izkoËkku ykxw MhVh,, izko/kkuksa dks /;ku esa
j[krs gq, vk;dj vfËkfu;e] 1961 ds izko/kkuksa ds vuqlkjfd;k x;k gSA
87
b) Deferred Tax resulting from "timing differences"between taxable income and accounting income is
determined by using the tax rates and the tax lawsthat have been enacted or substantively enacted as
on the Balance Sheet date. Deferred Tax assets are
carried forward to the extent it is reasonably / virtuallycertain that future taxable profit will be available
against which such Deferred Tax assets can berealised.
13. Borrowing CostBorrowing costs that are attributable to the acquisition
or construction of qualifying assets are capitalised as
part of cost of such assets. A qualifying asset is onethat necessarily takes substantial period of time to get
ready for intended use. All other borrowing costs arerecognised as an expense in the period in which they
are incurred.
14. Employee Benefitsa) Short Term Employee Benefits
Short Term Employee Benefits are recognised as an
expense on an undiscounted basis in the Profit and
Loss Account of the year in which the related serviceis rendered.
b) Post Employment BenefitsThe Employees' Gratuity Fund Scheme and Provident
Fund Scheme are the Society's defined benefit planswhich are funded by the Society and are managed by
separate Trusts.
i) The present value of Society's obligations undergratuity scheme is determined on the basis of
actuarial valuation at the year end and the fairvalue of plan assets is reduced from the gross
obligations under gratuity scheme, to recognise
the obligation on net basis.ii) The contribution to Provident Fund and Family
Pension Scheme is recognised as expense andis charged to the Profit and Loss Account.
The Society has an obligation to make good the
shortfall, if any, between the return from theinvestments of Provident Fund Trust and the notified
interest rates. Liability, on account of such shortfall,if any, is recognised on the basis of actuarial valuation
carried out at the year end.
c) Long Term Employee BenefitsThe liability for Leave Encashment / Compensated
Absences is recognised on the basis of an actuarialvaluation made at the end of the year.
d) Termination BenefitsThe compensation paid under Voluntary Retirement
Scheme is amortised over a period of five years inequal instalments. The unamortised amount is shown
as "Miscellaneous Expenditure not written-off".
[k½ vkLFkfxRk dj] dj ;®X; vk; v©j ys[kk vk; ds chp,d vofËk esa g®us okys **le; vaRkjkyksa** ds chp dj ;®X;vk; v©j ys[kk vk; dk fuËkkZj.k Rkqyu&i= Rkkjh[k d®ykxw ;k i;kZIRk :i ls ykxw dj njksa v©j dj lacaËkh dkuwuksad® mi;®x esa ykdj fuËkkZfjRk fd;k TkkRkk gSA vkLFkfxrdj ifjlEifRr;ksa dks okftc@Hkkoh dj;ksX; ykHk esa ystk;k tkrk gS tks fd ml le; miyCËk gksxk tc blizdkj dh vkLFkfxr dj ifjlEifRr;ksa dk Hkqxrku djukgksxkA
13- _.k ykxRk_.k ykxRk fTkUgsa vfËkxzg.k ;k DokfyQkbax ifjlEifRr;ksa dsfuekZ.k ds fy, vkcafVRk fd;k x;k gS] d® bu ifjlEifRr;ksadh ykxRk ds :i esa iwaTkhÑRk fd;k x;k gSA DpkfyQkbaxifjlEifRr og ifjlEifRr g®Rkh gS fTkls okafNr mi;®x gsRkqR©;kj g®us esa vfuok;ZRk% dkQh le; yxRkk gSA vU; lHkh _.kykxRkksa d®] ml vofËk] fTklesa mUgsa O;; fd;k x;k gS] esa O;;ds :i esa fy;k x;k gSA
14- deZpkfj;ksa dks ykHkd½ deZpkjh vYidkfyd ykHk
deZpkfj;ksa d® vYidkfyd ykHkksa dks ml o"kZ ds ykHko gkfu ys[kk esa vufMLdkamfVM vkËkkj ij O;; ds :Ikesa fy;k tkrk gS] ftl o"kZ ;s lsok,a izkIr dh tkrhgSaA
[k½ fu;kstu ds mijkUr ykHkdeZpkfj;ksa dhs minku fufËk ;kstuk vkSj Hkfo"; fufËk ;kstuklfefr dh ikfjHkkf"kr ykHk ;kstuk,a gSa ftudk foRr iks"k.klfefr }kjk fd;k tkrk gS vkSj izcaËku vyx U;kl }kjkfd;k tkrk gSAi½ minku ;kstuk ds varxZr lfefr ds nkf;Ro Hkkj dk
fuËkkZj.k o"kZ ds var esa okLrfod ewY;kadu ds vkËkkjij vkSj minku ;kstuk ds varxZr ldy nkf;Ro esals Iyku dh ifjlEifRr;ksa dk mfpr ewY; ?kVk djfuoy vkËkkj ij nkf;Ro dks ekU;rk iznku dh tkrhgSA
ii½ Hkfo"; fufËk vkSj ifjokj isa'ku ;kstuk ds varxZr fd;stkus okys va'knku dks O;; ekuk tkrk gS vkSj mlsykHk o gkfu ys[ks esa izHkkfjr fd;k tkrk gSA
lfefr dks Hkfo"; fufËk U;kl }kjk fd;s x;s fuos'kksa lsfeyus okys izfrykHk vkSj vfËklwfpr C;kt njksa ds chpds vUrj dks] ;fn dksbZ gks] dks iwjk djuk gksrk gSA bldeh ds dkj.k cuus okyh ns;rk] ;fn dksbZ gks] dks ekU;rko"kZ ds var esa okLrfod ewY;kadu ds vkËkkj ij nh xbZgSA
x½ nh?kZdkfyd deZpkjh ykHkNqV+Vh uxnhdj.k@dEialsfVM vuqifLFkfr dh ns;rk dksekU;rk o"kZ ds var esa okLrfod ewY;kadu ds vkËkkj ijnh tkrh gSA
?k½ VfeZus'ku ykHkLoSfPNd lsok fuo`fr ;kstuk ds varxZr Hkqxrku fd;s x;seqvkots dk ifj'kksËku 5 o"kZ dh vofËk esa leku fdLrksa esafd;k tkrk gSA ifj'kksfËkr u dh xbZ jkf'k dks ^^fofoËk O;;ftUgsa jkbV vkWQ ugha fd;k x;k** esa n'kkZ;k x;k gSA
88
e) Gains and losses arising out of actuarial valuation arerecognised immediately in the Profit and Loss Account.
15. Provisions, Contingent Liabilities and ContingentAssetsa) Provisions are recognised for liabilities that can be
measured by using a substantial degree of estimation,
if:i) the Society has a present obligation as a result
of a past event;
ii) a probable outflow of resources embodyingeconomic benefits is expected to settle the
obligation; and
iii) the amount of the obligation can be reliablyestimated.
b) Contingent liability is disclosed in case of:
i) a present obligation arising from a past event
when it is not probable that an outflow of resourcesembodying economic benefits will be required to
settle the obligation.ii) a possible obligation, unless the probability of
outflow in settlement is remote.
c) Reimbursement expected in respect of expenditure
required to settle a provision is recognised only when
it is virtually certain that the reimbursement will bereceived.
d) Contingent assets are neither recognised nor disclosed
in the financial statements.
16. Operating LeasesAssets acquired on leases wherein a significant portion ofthe risks and rewards of ownership are retained by the
lessors are classified as operating leases. Lease rentals
paid for such leases are recognised as an expense onstraight line basis over the term of lease.
17. Prior Period Income / ExpenditureIncome / Expenditure items relating to prior period(s) not
exceeding Rs.2,00,000/- each except depreciation is treatedas Income / Expenditure for the current year.
18. Pre-Paid ExpensesExpenditure upto Rs.50,000/- in each case except
insurance premium is accounted for in the year in whichthe same is incurred.
p½ okLrfod ewY;kadu ds QyLo:i gksus okys ykHk vkSj gkfu;ksadks rRdky ykHk o gkfu [kkrs esa Mkyk tkrk gSA
15- ÁkoËkku] Áklafxd ns;Rkk,a v©j Áklafxd ifjlEifRr;ka
d½ ns;rkvksa] ftudk vkdyu Bksl vuqekuksa ds vkËkkj ijfd;k tk ldrk gS] ds fy, izkoËkku rHkh fd;k tkrkgS tc%i½ lfefRk ij e©Tkwnk nkf;Ro foxRk ifj.kke ds dkj.k
gS(ii½ lalkËkuksa ds izR;kf'kr vkmVy® ftlls vkfFkZd ykHkksa
lnkf;Ro ds fuiVku dh laHkkouk gS( vkSj
iii½ nkf;Ro dh jkf'k dk fo'oluh; rkSj ij vuqeku yxk;kTkk ldRkk gSA
[k½ izklafxd ns;rk dks ml fLFkfr esa fMLdykst fd;k tkrk gS%i½ Tkc lfefRk ij e©Tkwnk nkf;Ro foxRk ifj.kke ds dkj.k
gS vkSj ;g laHkkouk ugha gS fd nkf;Roksa ds fuiVkuds fy, vkfFkZd ykHk okys lalkËkuksa ds vkmVy® dhvko';drk gksxhA
ii½ dksbZ laHkkfor nkf;Ro] c'krsZ fd fuiVku esa vkmVyksdh laHkkouk cgqr de gSA
x½ fdlh izkoËkku dk fuiVku djus ds fy, vko';d O;;ds lacaËk esa izR;kf'kr izfriwfrZ dks dsoy rHkh fglkc esafy;k tkrk gS tc ;g iw.kZ :i ls fuf'pr gks tkrk gSfd izfriwfrZ dh jkf'k izkIr gks tk,xhA
?k½ Áklafxd ifjlEifRr;ksa d® u rks fglkc esa fy;k tkrk gS vkSju gh foRrh; fooj.kksa esa budks fMLdykst fd;k TkkRkk gSA
16- vkijsÇVx yhTkyhTk ij vfËkxzghRk ifjlEifRr;ksa] fTkuesa LokfeRo ds fjLd v©jfjokMZ ds egRoiw.kZ Hkkx d® yhTkdRkkZ }kjk ËkkfjRk fd;k TkkRkkgS] d® vkijsÇVx yhTk ds :i esa oxhZÑr fd;k TkkRkk gSA ,slhyhTk ds fy, ÁnRr yhTk fdjk, d® yhTk dh vofËk Rkd LVªsVykbu vkËkkj ij O;; ds :i esa fglkc esa fy;k x;k gSA
17- xRkkofËk vk;@O;;xRkkofËk;ksa dh vk;@O;; ensa fTkudh jkf'k ewY;gzkl dks NksM+djÁR;sd ekeys esa 2]00]000@& #i;s ls vfËkd ugÈ gS] d® pkywo"kZ dh vk;@O;; ds :i esa ekuk x;k gSA
18- iwoZ&ÁnRr O;;50]000@& #i;s Rkd ds izR;sd ekeys esa flok; chek Áhfe;eds O;; d® mlh o"kZ ds [kkRkksa esa fy;k x;k gS fTkl o"kZ ;gjkf'k O;; dh xbZ gSA
ryq u&i=k 31 ekp]Z 2010 rd Balance Sheet as at 31st March, 2010
ÊxÉÊvÉ - »ÉÉäiÉ SOURCES OF FUNDS
¶ÉäªÉ®úvÉÉÊ®úªÉÉå EòÒ ÊxÉÊvɪÉÉÆ: Shareholders’ Funds:
¶ÉäªÉ®ú {ÉÚÆVÉÒ Share Capital 1 426.24
+É®úÊIÉiÉ B´ÉÆ +ÊvɶÉä¹É ÊxÉÊvɪÉÉÆ Reserves and Surplus 2 3,844.26 4,270.50 3,532.59 3,958.87
@ñhÉ ÊxÉÊvɪÉÉÆ: Loan Funds:
®úÊIÉiÉ @ñhÉ Secured Loans 3 5,032.93 7,373.18
+®úÊIÉiÉ @ñhÉ Unsecured Loans 4 6,499.24 11,532.17 5,429.60 12,802.78
+ɺlÉÊMÉiÉ Eò®ú näùªÉiÉÉ (ÊxɴɱÉ) Deferred Tax Liability (Net) 516.78 542.12
ªÉÉäMÉ TOTAL 16,319.45 17,303.77
ÊxÉÊvɪÉÉå EòÉ ={ɪÉÉäMÉ APPLICATION OF FUNDS
+SÉ±É {ÉÊ®úºÉ¨{ÉÊkɪÉÉÆ: Fixed Assets: 5
ºÉEò±É ¨ÉÉxÉ Gross Block 9,100.60 8,808.00PÉ]õÉB:Æ ºÉÊÆ SÉiÉ ¨É±Ú ªÉ¿ÉºÉ/ifj’kk/s ku Less : Accumulated Depreciation/Amortisation 4,276.32 3,842.16
ÊxÉ´É±É ¨ÉÉxÉ Net Block 4,824.28 4,965.84
{ÉÚÆVÉÒMÉiÉ SÉɱÉÚ ÊxɨÉÉÇhÉ EòɪÉÇ Capital Work-in-Progress 6 333.00 5,157.28 290.98 5,256.82
ÊxÉ´Éä¶É Investments 7 7,531.28 7,552.95
SÉɱÉÚ {ÉÊ®úºÉ¨{ÉÊkɪÉÉÆ, @ñhÉ ´É +ÊOɨÉ: Current Assets, Loans and Advances:
¨ÉɱɺÉÚÊSɪÉÉÆ Inventories 8 1,302.25 1,731.36
Ê´ÉÊ´ÉvÉ näùxÉnùÉ®ú Sundry Debtors 9 68.08 407.23
xÉEònÒù iÉlÉÉ ¤ÉéEòÉå ¨Éåä ¶Éä¹É Cash and Bank Balances 10 1,075.31 69.63
@ñhÉ ´É +ÊOɨÉò Loans and Advances 11 3,376.87 5,464.77
5,822.51 7,672.99
PÉ]õÉBÆ: SÉɱÉÚ näùªÉiÉÉBÆ iÉlÉÉ |ÉÉ´ÉvÉÉxÉ: Less: Current Liabilities and Provisions:
SÉɱÉÚ näùªÉiÉÉBÆ Current Liabilities 12 1,799.40 2,860.18
|ÉÉ´ÉvÉÉxÉ Provisions 13 392.22 322.71
2,191.62 3,182.89
ÊxÉ´É±É SÉɱÉÚ {ÉÊ®úºÉ¨{ÉÊkɪÉÉÆ Net Current Assets 3,630.89 4,490.10
Ê´ÉÊ´ÉvÉ ´ªÉªÉ Miscellaneous Expenditure
¼fjVu vkQW u fd, tku s dh lhek rd½ (to the extent not written off)º´ÉÎè SUôEò ºÉä ÉÉ-ÊxÉ´ÉÊÞ kÉ ªÉÉVä ÉxÉÉ ´ªÉªÉ Voluntary Retirement Scheme Expenses -- 3.90
ªÉÉäMÉ TOTAL 16,319.45 17,303.77
426.28
vuqlwph /Schedule
As at 31.3.2009 rd
±ÉäJÉÉ xÉÒÊiɪÉÉÆ, +xÉÖºÉÚSÉÒ 1 ºÉä 19 iÉlÉÉ Ê]õ{{ÉÊhɪÉÉÆ (+xÉÖºÉÚSÉÒ-20) VÉÉä ±ÉäJÉÉ+Éå EòÉ ¦ÉÉMÉ ½èþ, ºÉƱÉMxÉ ½èþÆ* Accounting Policies, Schedules 1 to 19 and Notes (Schedule 20) attached, form an integral part of the Accounts.
As at 31.3.2010 rd
89
gekjh blh rkjh[k dh fjiksVZ ds vuqlkjAs per our report of even date
(Rakesh Kapur)Joint Managing Director &
Chief Financial Officer
(U. S. Awasthi)Managing Director
Place : Dated : April 26, 2010
New Delhi
(Rajesh Sethi)Partner
M. No. 85669
For J.C. Bhalla & Co.Chartered Accountants
Regn. No. 001111 N
For S.K. Mehta & Co.Chartered Accountants
Regn. No. 000478 N
(Rohit Mehta)Partner
M. No. 91382
For Rajnish & AssociatesChartered Accountants
Regn. No. 014666 N
(Rajnish Aggarwal)Partner
M. No. 81180
For Arun Singh & Co.Chartered Accountants
Regn. No. 011863 H
( )Partner
M. No. 93735
Rajiv Singh
For S.C. Vasudeva & Co.Chartered Accountants
Regn. No. 000235 N
( )Partner
M. No. 81052
R.C. Luthra
¼djksM+ #i;s esa½(Rs. in Crore)
ykHk&gkfu y[s kk31 ekp]Z 2010 dks lekIr o"kZ dk
Profit and Loss AccountFor the year ended 31st March, 2010
|ÉSÉɱÉxÉ ºÉä +ɪÉ
VuZvksoj Turnover
ʤÉGòÒ ¼NwV@fjcsV ds ckn fuoy½ Sales (Net of Discounts/Rebates) 7,247.30 7,387.70
moZjdksa ij +lÉÇ-ºÉ½þɪÉiÉÉ Subsidy on Fertilisers 9,561.27 16,808.57 25,545.60 32,933.30
+xªÉ +ÉªÉ Other Revenue 14 841.55 499.00
º]õÉEò ¨Éå ´ÉÞÊr ù/ (deh) Increase / (Decrease) in Stocks 15 (288.61) 280.51
17,361.51 33,712.81
PÉ]õÉBÆ: |ÉSÉɱÉxÉ ±ÉÉMÉiÉ LESS : COST OF OPERATIONS
EòSSÉÉ ¨ÉɱÉ, ¦ÉÆb÷É®ú o vU; EòÒ JÉ{ÉiÉ Consumption of Raw Materials, Stores and Others
EòSSÉÉ ¨ÉÉ±É Raw Materials 8,714.44 13,997.22
º]õÉäºÉÇ ´É º{ÉäªÉºÉÇ Stores and Spares 110.10 108.34
®úºÉɪÉxÉ iÉlÉÉ =i|Éä®úEò Chemicals and Catalysts 43.52 41.38
{ÉèËEòMÉ ºÉɨÉOÉÒ Packing Materials 204.49 200.39
Ê´ÉtÖiÉ, <ÈvÉxÉ iÉlÉÉ {ÉÉxÉÒ Power, Fuel and Water 689.89 981.80
9,762.44 15,329.13
PÉ]õÉBÆ: +{ÉxÉÒ JÉ{ÉiÉ Eäò ʱÉB º]õÉEò +ÆiÉ®úhÉ Less : Stock Transfer for Self Consumption 253.42 9,509.02 159.41 15,169.72
{ÉÖxÉ: ʤÉGòÒ Eäò ʱÉB =i{ÉÉnùÉå EòÒ JÉ®úÒnù Purchase of products for resale 4,017.85 14,539.23
Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä {ÉÉÊ®ú¸ÉʨÉEò iÉlÉÉ Ê½þiÉ-±ÉÉ¦É Employees’ Remuneration and Benefits 16 702.12 595.96
Ê´ÉÊxɨÉÉÇhÉ, |ɶÉɺÉxÉ, Ê´ÉiÉ®úhÉ iÉlÉÉ Manufacturing, Administration,
+xªÉ ´ªÉªÉ Distribution and Other Expenses 17 1,309.60 1,481.91
¤ªÉÉVÉ Interest 18 764.98 1,023.20
¨ÉÚ±ªÉ¿ÉºÉ / ifj’kks/ku Depreciation / Amortisation 457.94 470.40
MÉiÉÉ´ÉÊvÉ ºÉ¨ÉɪÉÉäVÉxÉ (ÊxɴɱÉ) Prior Period Adjustments (Net) 19 28.82 (13.46)
fjVu vkQW fd;k x;k vkLFkfxr jktLo O;; Deferred Revenue Exp. Written-off 3.90 3.90
(Voluntary Retirement Scheme Expenses)(º´ÉèÎSUôEò ºÉä´ÉÉÊxÉ´ÉÞÊkÉ ªÉÉäVÉxÉÉ ´ªÉªÉ) 16,794.23 33,270.86
Eò®ú-{ÉÚ´ÉÇ ±ÉÉ¦É Profit before Tax 567.28 441.95
Eò®úÉvÉÉxÉú Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ - SÉɱÉÚ Eò®ú Provision for Taxation - Current Tax 188.50 92.80
& vuqykHk dj - Fringe Benefit Tax -- 8.02
- +ɺlÉÊMÉiÉ Eò®ú - Deferred Tax (25.35) 7.93
- {ÉÚ´ÉÇ ´É¹ÉÉç Eäò ʱÉB - Earlier Years 3.03 166.18 (26.81) 81.94
Eò®ú-{ɶSÉÉiÉ ±ÉÉ¦É Profit after Tax 401.10 360.01
ykHk dk varj.k% Profit transferred to :
{ÉÚÆVÉÒ |ÉiªÉÉ´ÉiÉÇxÉ ÊxÉÊvÉ Capital Repatriation Fund 0.47 0.47
vuqeksfnr nku ds fy, va'knku Contribution towards Approved Donations -- 0.47 1.00 1.47
¼vk;dj vf/kfu;e 1961 ds varxZr½ (under Income Tax Act, 1961)
¤É½Öþ®úÉVªÉ ºÉ½þEòÉ®úÒ ºÉÉäºÉÉ<]õÒVÉà +ÊvÉÊxɪɨÉ, Net Profit as per Multi State
2002 Eäò +xÉÖºÉÉ®ú ÊxÉ´É±É ±ÉÉ¦É Cooperative Societies Act, 2002 400.63 358.54
INCOME FROM OPERATIONS
90
vuqlwph /Schedule
Year Ended 31.3.2009
dks lekIr o"kZYear Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
ykHk&gkfu y[s kk ¼tkjh½31 ekp]Z 2010 dks lekIr o"kZ dk
Profit and Loss Account (Contd.)For the year ended 31st March, 2010
91
Year Ended 31.3.2009Year Ended 31.3.2010
dks lekIr o"kZ dks lekIr o"kZÊ´ÉÊxɪÉÉäVÉxÉ:
+É®úÊIÉiÉ ÊxÉÊvÉ (ºÉʨÉÊiÉ Eäò ={ÉÊxÉªÉ¨É Reserve Fund (As per Bye-Law 56(i)
ºÉÆ0 56 (i) Eäò +xÉÖºÉÉ®ú) of the Society) 120.19 107.56
çkalfxdrkvksa Eäò ʱÉB +É®úÎIÉiÉ ÊxÉÊvÉ Reserve Fund for Contingency
(ºÉʨÉÊiÉ Eòä ={ÉÊxÉªÉ¨É ºÉ0Æ 56 (iv) Eòä +xÉºÖ ÉÉ®)ú (As per Bye-Law 56(iv) of the Society) 40.06 35.85
ºÉ½þEòÉ®úÒ Eò±ªÉÉhÉ ÊxÉÊvÉ Eäò ʱÉB +É®úÊIÉiÉ Reserve for Cooperative Welfare Fund 1.75 1.75
ºÉ½þEòÉ®úÒ Ê¶ÉIÉÉ ÊxÉÊvÉ ¨Éå +ƶÉnùÉxÉ Provision for Contribution to
Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ Cooperative Education Fund 4.01 3.59
nùÉxÉ Eäò ʱÉB +É®úÊIÉiÉ ÊxÉÊvÉ Reserve for Donations 0.50 0.75
|ɺiÉÉÊ´ÉiÉ ±ÉɦÉÉÆ¶É Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Proposed Dividend 85.18 85.10
ºÉɨÉÉxªÉ EòÉä¹É General Reserve 148.94 400.63 123.94 358.54
-- --
izfr ’ks;j ewy@MkbZY;wfVM vk; ¼:i;s esa½ vuqlwph 20] uksV 15 dk lanZHk ysa½ 939.00 843.00
Basic/Diluted Earning per Share (in Rupees) (Refer Schedule 20, Note 15)
±ÉäJÉÉ xÉÒÊiɪÉÉÆ, +xÉÖºÉÚSÉÒ 1 ºÉä 19 iÉlÉÉ Ê]õ{{ÉÊhɪÉÉÆ (+xÉÖºÉÚSÉÒ-20) VÉÉä ±ÉäJÉÉ+Éå EòÉ ¦ÉÉMÉ ½èþ, ºÉƱÉMxÉ ½èþ Æ* Accounting Policies, Schedules 1 to 19 and Notes (Schedule 20) attached, form an integral part of the Accounts
Appropriations :
gekjh blh rkjh[k dh fjiksVZ ds vuqlkjAs per our report of even date
(Rakesh Kapur)Joint Managing Director &
Chief Financial Officer
(U. S. Awasthi)Managing Director
Place : Dated : April 26, 2010
New Delhi
(Rajesh Sethi)Partner
M. No. 85669
For J.C. Bhalla & Co.Chartered Accountants
Regn. No. 001111 N
For S.K. Mehta & Co.Chartered Accountants
Regn. No. 000478 N
(Rohit Mehta)Partner
M. No. 91382
For Rajnish & AssociatesChartered Accountants
Regn. No. 014666 N
(Rajnish Aggarwal)Partner
M. No. 81180
For Arun Singh & Co.Chartered Accountants
Regn. No. 011863 H
( )Partner
M. No. 93735
Rajiv Singh
For S.C. Vasudeva & Co.Chartered Accountants
Regn. No. 000235 N
( )Partner
M. No. 81052
R.C. Luthra
¼djksM+ #i;s esa½(Rs. in Crore)
ykHk&gkfu y[s kk31 ekp]Z 2010 dks lekIr o"kZ dk
Profit and Loss AccountFor the year ended 31st March, 2010
|ÉSÉɱÉxÉ ºÉä +ɪÉ
VuZvksoj Turnover
ʤÉGòÒ ¼NwV@fjcsV ds ckn fuoy½ Sales (Net of Discounts/Rebates) 7,247.30 7,387.70
moZjdksa ij +lÉÇ-ºÉ½þɪÉiÉÉ Subsidy on Fertilisers 9,561.27 16,808.57 25,545.60 32,933.30
+xªÉ +ÉªÉ Other Revenue 14 841.55 499.00
º]õÉEò ¨Éå ´ÉÞÊr ù/ (deh) Increase / (Decrease) in Stocks 15 (288.61) 280.51
17,361.51 33,712.81
PÉ]õÉBÆ: |ÉSÉɱÉxÉ ±ÉÉMÉiÉ LESS : COST OF OPERATIONS
EòSSÉÉ ¨ÉɱÉ, ¦ÉÆb÷É®ú o vU; EòÒ JÉ{ÉiÉ Consumption of Raw Materials, Stores and Others
EòSSÉÉ ¨ÉÉ±É Raw Materials 8,714.44 13,997.22
º]õÉäºÉÇ ´É º{ÉäªÉºÉÇ Stores and Spares 110.10 108.34
®úºÉɪÉxÉ iÉlÉÉ =i|Éä®úEò Chemicals and Catalysts 43.52 41.38
{ÉèËEòMÉ ºÉɨÉOÉÒ Packing Materials 204.49 200.39
Ê´ÉtÖiÉ, <ÈvÉxÉ iÉlÉÉ {ÉÉxÉÒ Power, Fuel and Water 689.89 981.80
9,762.44 15,329.13
PÉ]õÉBÆ: +{ÉxÉÒ JÉ{ÉiÉ Eäò ʱÉB º]õÉEò +ÆiÉ®úhÉ Less : Stock Transfer for Self Consumption 253.42 9,509.02 159.41 15,169.72
{ÉÖxÉ: ʤÉGòÒ Eäò ʱÉB =i{ÉÉnùÉå EòÒ JÉ®úÒnù Purchase of products for resale 4,017.85 14,539.23
Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä {ÉÉÊ®ú¸ÉʨÉEò iÉlÉÉ Ê½þiÉ-±ÉÉ¦É Employees’ Remuneration and Benefits 16 702.12 595.96
Ê´ÉÊxɨÉÉÇhÉ, |ɶÉɺÉxÉ, Ê´ÉiÉ®úhÉ iÉlÉÉ Manufacturing, Administration,
+xªÉ ´ªÉªÉ Distribution and Other Expenses 17 1,309.60 1,481.91
¤ªÉÉVÉ Interest 18 764.98 1,023.20
¨ÉÚ±ªÉ¿ÉºÉ / ifj’kks/ku Depreciation / Amortisation 457.94 470.40
MÉiÉÉ´ÉÊvÉ ºÉ¨ÉɪÉÉäVÉxÉ (ÊxɴɱÉ) Prior Period Adjustments (Net) 19 28.82 (13.46)
fjVu vkQW fd;k x;k vkLFkfxr jktLo O;; Deferred Revenue Exp. Written-off 3.90 3.90
(Voluntary Retirement Scheme Expenses)(º´ÉèÎSUôEò ºÉä´ÉÉÊxÉ´ÉÞÊkÉ ªÉÉäVÉxÉÉ ´ªÉªÉ) 16,794.23 33,270.86
Eò®ú-{ÉÚ´ÉÇ ±ÉÉ¦É Profit before Tax 567.28 441.95
Eò®úÉvÉÉxÉú Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ - SÉɱÉÚ Eò®ú Provision for Taxation - Current Tax 188.50 92.80
& vuqykHk dj - Fringe Benefit Tax -- 8.02
- +ɺlÉÊMÉiÉ Eò®ú - Deferred Tax (25.35) 7.93
- {ÉÚ´ÉÇ ´É¹ÉÉç Eäò ʱÉB - Earlier Years 3.03 166.18 (26.81) 81.94
Eò®ú-{ɶSÉÉiÉ ±ÉÉ¦É Profit after Tax 401.10 360.01
ykHk dk varj.k% Profit transferred to :
{ÉÚÆVÉÒ |ÉiªÉÉ´ÉiÉÇxÉ ÊxÉÊvÉ Capital Repatriation Fund 0.47 0.47
vuqeksfnr nku ds fy, va'knku Contribution towards Approved Donations -- 0.47 1.00 1.47
¼vk;dj vf/kfu;e 1961 ds varxZr½ (under Income Tax Act, 1961)
¤É½Öþ®úÉVªÉ ºÉ½þEòÉ®úÒ ºÉÉäºÉÉ<]õÒVÉà +ÊvÉÊxɪɨÉ, Net Profit as per Multi State
2002 Eäò +xÉÖºÉÉ®ú ÊxÉ´É±É ±ÉÉ¦É Cooperative Societies Act, 2002 400.63 358.54
INCOME FROM OPERATIONS
90
vuqlwph /Schedule
Year Ended 31.3.2009
dks lekIr o"kZYear Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
ykHk&gkfu y[s kk ¼tkjh½31 ekp]Z 2010 dks lekIr o"kZ dk
Profit and Loss Account (Contd.)For the year ended 31st March, 2010
91
Year Ended 31.3.2009Year Ended 31.3.2010
dks lekIr o"kZ dks lekIr o"kZÊ´ÉÊxɪÉÉäVÉxÉ:
+É®úÊIÉiÉ ÊxÉÊvÉ (ºÉʨÉÊiÉ Eäò ={ÉÊxÉªÉ¨É Reserve Fund (As per Bye-Law 56(i)
ºÉÆ0 56 (i) Eäò +xÉÖºÉÉ®ú) of the Society) 120.19 107.56
çkalfxdrkvksa Eäò ʱÉB +É®úÎIÉiÉ ÊxÉÊvÉ Reserve Fund for Contingency
(ºÉʨÉÊiÉ Eòä ={ÉÊxÉªÉ¨É ºÉ0Æ 56 (iv) Eòä +xÉºÖ ÉÉ®)ú (As per Bye-Law 56(iv) of the Society) 40.06 35.85
ºÉ½þEòÉ®úÒ Eò±ªÉÉhÉ ÊxÉÊvÉ Eäò ʱÉB +É®úÊIÉiÉ Reserve for Cooperative Welfare Fund 1.75 1.75
ºÉ½þEòÉ®úÒ Ê¶ÉIÉÉ ÊxÉÊvÉ ¨Éå +ƶÉnùÉxÉ Provision for Contribution to
Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ Cooperative Education Fund 4.01 3.59
nùÉxÉ Eäò ʱÉB +É®úÊIÉiÉ ÊxÉÊvÉ Reserve for Donations 0.50 0.75
|ɺiÉÉÊ´ÉiÉ ±ÉɦÉÉÆ¶É Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Proposed Dividend 85.18 85.10
ºÉɨÉÉxªÉ EòÉä¹É General Reserve 148.94 400.63 123.94 358.54
-- --
izfr ’ks;j ewy@MkbZY;wfVM vk; ¼:i;s esa½ vuqlwph 20] uksV 15 dk lanZHk ysa½ 939.00 843.00
Basic/Diluted Earning per Share (in Rupees) (Refer Schedule 20, Note 15)
±ÉäJÉÉ xÉÒÊiɪÉÉÆ, +xÉÖºÉÚSÉÒ 1 ºÉä 19 iÉlÉÉ Ê]õ{{ÉÊhɪÉÉÆ (+xÉÖºÉÚSÉÒ-20) VÉÉä ±ÉäJÉÉ+Éå EòÉ ¦ÉÉMÉ ½èþ, ºÉƱÉMxÉ ½èþ Æ* Accounting Policies, Schedules 1 to 19 and Notes (Schedule 20) attached, form an integral part of the Accounts
Appropriations :
gekjh blh rkjh[k dh fjiksVZ ds vuqlkjAs per our report of even date
(Rakesh Kapur)Joint Managing Director &
Chief Financial Officer
(U. S. Awasthi)Managing Director
Place : Dated : April 26, 2010
New Delhi
(Rajesh Sethi)Partner
M. No. 85669
For J.C. Bhalla & Co.Chartered Accountants
Regn. No. 001111 N
For S.K. Mehta & Co.Chartered Accountants
Regn. No. 000478 N
(Rohit Mehta)Partner
M. No. 91382
For Rajnish & AssociatesChartered Accountants
Regn. No. 014666 N
(Rajnish Aggarwal)Partner
M. No. 81180
For Arun Singh & Co.Chartered Accountants
Regn. No. 011863 H
( )Partner
M. No. 93735
Rajiv Singh
For S.C. Vasudeva & Co.Chartered Accountants
Regn. No. 000235 N
( )Partner
M. No. 81052
R.C. Luthra
¼djksM+ #i;s esa½(Rs. in Crore)
As at
31.3.2010 rd
As at
31.3.2009 rd
EòÉä¹`öEòÉå ¨ÉäÆò ÊnùªÉä MɪÉä +ÉÆEòcä÷ MÉiÉ ´É¹ÉÇ Eäò ½éþ * Figures in brackets relate to previous year.
vulq pw h 1'k;s j itaw h
Schedule 1Share Capital
|ÉÉÊvÉEÞòiÉ :
1,00,000 ¯û{ɪÉä |ÉiªÉäEò Eäò 90,000 ¶ÉäªÉ®
10,000 ¯û{ɪÉä |ÉiªÉäEò Eäò 50,000 ¶ÉäªÉ®ú 50,000 Shares of Rs.10,000 each 50.00 50.00
1,000 ¯û{ɪÉä |ÉiªÉäEò Eäò 5,00,000 ¶ÉäªÉ® 5,00,000 Shares of Rs.1,000 each 50.00 50.00
1,000.00 1,000.00
+ʦÉnùkÉ iÉlÉÉ |ÉnùkÉ : SUBSCRIBED AND PAID UP:
ºÉ½þEòÉ®Òú ºÉʨÉÊiɪÉÉ/å ºÉºÆ lÉÉxÉÉ å uùÉ®Éú vÉÉÊ®úiÉ 1,00,000 û. 35,260 (35,264) Shares of Rs.1,00,000 each
|ÉiªÉEä ò Eòä 35,260 ¶Éªä É® ú (35,264) ¶Éªä É® held by Cooperative Societies / Institutions 352.60 352.64
ºÉ½þEòÉ®Òú º ÉʨÉÊiɪÉÉ å u ùÉ®Éú v ÉÉÊ®úiÉ 1 0,000 û. | ÉiªÉäEò 39,627 (39,648) Shares of Rs.10,000 each
Eäò 3 9,627 ¶ ÉäªÉ® ú( 39,648) ¶ ÉäªÉ® held by Cooperative Societies 39.63 39.65
ºÉ½þEòÉ®Òú ºÉʨÉÊiɪÉÉå uùÉ®Éú vÉÉÊ®úiÉ 1,000 ¯û. |ÉiªÉäEò 3,46,115 (3,46,156) Shares of Rs.1,000 each
Eäò 3,46,115 ¶ÉäªÉ®ú (3,46,156) ¶ÉäªÉ® held by Cooperative Societies 34.61 34.62
426.84 426.91
PÉ]õÉBÆ: ºÉ½þEòÉ®úÒ ºÉʨÉÊiɪÉÉå EòÉä ʴɨÉÉäSÉxÉ Less: Redemption to Cooperatives 0.73 426.11 0.76 426.15
tksM+sa % VɤiÉ ÊEòªÉä MɪÉä ¶ÉäªÉ®ú Add : Forfeited Shares 0.13 0.13
ªÉÉäMÉ 426.24 426.28
AUTHORISED :
90,000 Shares of Rs.1,00,000 each 900.00 900.00
TOTAL
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
92
¼djksM+ #i;s esa½(Rs. in Crore)
vkjf{kr fufèk ¼lfefr ds mifu;e Reserve Fund (As per Bye Law 56(i)
56(i) ds vuqlkj½ of the Society) 1,484.09 120.19 -- 1,604.28
izklafxdrkvksa ds fy, vkjf{kr fufèk Reserve Fund for Contingency
¼lfefr ds mifu;e 56(iv) ds vuqlkj½ (As per Bye Law 56(iv) of the Society) 223.78 40.06 -- 263.84
lkekU; dks"k General Reserve 1,623.39 148.94 -- 1,772.33
ºÉ½þEòÉ®úÒ Eò±ªÉÉhÉ ÊxÉÊvÉ Eäò ʱÉB +É®úÊIÉiÉ Reserve for Cooperative Welfare Fund 1.75 1.75 0.64 2.86
iwath çR;korZu dks"k Capital Repatriated Reserve 20.55 0.65 -- 21.20
ºÉ½þEòÉ®úÒ Ê´ÉEòÉºÉ ÊxÉÊvÉ Cooperative Development Fund 3.06 0.61 -- 3.67
ykHkka'k lekuhdj.k fufèk Dividend Equalisation Fund 170.00 -- -- 170.00
nku ds fy, vkjf{kr dks"k Reserve for Donations 1.09 0.50 0.21 1.38
iawth çR;korZu fufèk Capital Repatriation Fund 4.88 0.47 0.65 4.70
;ksx 3,532.59 313.17 1.50 3,844.26TOTAL
vuqlwph 2
vkjf{kr ,oa vfèk'ks"k fufèk;kaSchedule 2
Reserves and Surplus
As at1.4.2009
rd
ifjo/kZuAdditions
dVkSfr;k¡Deductions
As at31.3.2010
rd
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
93
¼djksM+ #i;s esa½(Rs. in Crore)
As at
31.3.2010 rd
As at
31.3.2009 rd
EòÉä¹`öEòÉå ¨ÉäÆò ÊnùªÉä MɪÉä +ÉÆEòcä÷ MÉiÉ ´É¹ÉÇ Eäò ½éþ * Figures in brackets relate to previous year.
vulq pw h 1'k;s j itaw h
Schedule 1Share Capital
|ÉÉÊvÉEÞòiÉ :
1,00,000 ¯û{ɪÉä |ÉiªÉäEò Eäò 90,000 ¶ÉäªÉ®
10,000 ¯û{ɪÉä |ÉiªÉäEò Eäò 50,000 ¶ÉäªÉ®ú 50,000 Shares of Rs.10,000 each 50.00 50.00
1,000 ¯û{ɪÉä |ÉiªÉäEò Eäò 5,00,000 ¶ÉäªÉ® 5,00,000 Shares of Rs.1,000 each 50.00 50.00
1,000.00 1,000.00
+ʦÉnùkÉ iÉlÉÉ |ÉnùkÉ : SUBSCRIBED AND PAID UP:
ºÉ½þEòÉ®Òú ºÉʨÉÊiɪÉÉ/å ºÉºÆ lÉÉxÉÉ å uùÉ®Éú vÉÉÊ®úiÉ 1,00,000 û. 35,260 (35,264) Shares of Rs.1,00,000 each
|ÉiªÉEä ò Eòä 35,260 ¶Éªä É® ú (35,264) ¶Éªä É® held by Cooperative Societies / Institutions 352.60 352.64
ºÉ½þEòÉ®Òú º ÉʨÉÊiɪÉÉ å u ùÉ®Éú v ÉÉÊ®úiÉ 1 0,000 û. | ÉiªÉäEò 39,627 (39,648) Shares of Rs.10,000 each
Eäò 3 9,627 ¶ ÉäªÉ® ú( 39,648) ¶ ÉäªÉ® held by Cooperative Societies 39.63 39.65
ºÉ½þEòÉ®Òú ºÉʨÉÊiɪÉÉå uùÉ®Éú vÉÉÊ®úiÉ 1,000 ¯û. |ÉiªÉäEò 3,46,115 (3,46,156) Shares of Rs.1,000 each
Eäò 3,46,115 ¶ÉäªÉ®ú (3,46,156) ¶ÉäªÉ® held by Cooperative Societies 34.61 34.62
426.84 426.91
PÉ]õÉBÆ: ºÉ½þEòÉ®úÒ ºÉʨÉÊiɪÉÉå EòÉä ʴɨÉÉäSÉxÉ Less: Redemption to Cooperatives 0.73 426.11 0.76 426.15
tksM+sa % VɤiÉ ÊEòªÉä MɪÉä ¶ÉäªÉ®ú Add : Forfeited Shares 0.13 0.13
ªÉÉäMÉ 426.24 426.28
AUTHORISED :
90,000 Shares of Rs.1,00,000 each 900.00 900.00
TOTAL
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
92
¼djksM+ #i;s esa½(Rs. in Crore)
vkjf{kr fufèk ¼lfefr ds mifu;e Reserve Fund (As per Bye Law 56(i)
56(i) ds vuqlkj½ of the Society) 1,484.09 120.19 -- 1,604.28
izklafxdrkvksa ds fy, vkjf{kr fufèk Reserve Fund for Contingency
¼lfefr ds mifu;e 56(iv) ds vuqlkj½ (As per Bye Law 56(iv) of the Society) 223.78 40.06 -- 263.84
lkekU; dks"k General Reserve 1,623.39 148.94 -- 1,772.33
ºÉ½þEòÉ®úÒ Eò±ªÉÉhÉ ÊxÉÊvÉ Eäò ʱÉB +É®úÊIÉiÉ Reserve for Cooperative Welfare Fund 1.75 1.75 0.64 2.86
iwath çR;korZu dks"k Capital Repatriated Reserve 20.55 0.65 -- 21.20
ºÉ½þEòÉ®úÒ Ê´ÉEòÉºÉ ÊxÉÊvÉ Cooperative Development Fund 3.06 0.61 -- 3.67
ykHkka'k lekuhdj.k fufèk Dividend Equalisation Fund 170.00 -- -- 170.00
nku ds fy, vkjf{kr dks"k Reserve for Donations 1.09 0.50 0.21 1.38
iawth çR;korZu fufèk Capital Repatriation Fund 4.88 0.47 0.65 4.70
;ksx 3,532.59 313.17 1.50 3,844.26TOTAL
vuqlwph 2
vkjf{kr ,oa vfèk'ks"k fufèk;kaSchedule 2
Reserves and Surplus
As at1.4.2009
rd
ifjo/kZuAdditions
dVkSfr;k¡Deductions
As at31.3.2010
rd
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
93
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 3
jf{kr _.kSchedule 3
Secured Loans
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
94
¼djksM+ #i;s esa½(Rs. in Crore)
lkof/k _.k TERM LOAN
¼d½ vkbZlhvkbZlhvkbZ cSad flaMhdsVsM lkof/k _.k * (a) ICICI Bank Syndicated Term Loan*
#i;s esa _.k Rupee Loan 30.00 30.00
fons'kh eqnzk esa _.k Foreign Currency Loan 938.53 968.53 1,126.23 1,156.23
¼,d o"k Z d s Hkhrj 375.41 djkMs + #i;]s dk Hkxq rku (Due for repayment within one year
fd;k tkuk gSA xr o"kZ 187.70 djksM+ #i;s½ Rs.375.41 crore, Previous Year Rs.187.70 crore)
¼[k½ U;w bafM;k dksvkijsfVo cSad fy-* (b) New India Cooperative Bank Ltd.* 5.75 11.50
¼,d o"kZ ds Hkhrj 5-75 djksM+ #i;s dk Hkqxrku (Due for repayment within one year
fd;k tkuk gS] xr o"kZ 5-75 djksM+ #i;s½ Rs.5.75 crore, Previous Year Rs. 5.75 crore)
*¼mi;qZDr Øe la- ¼d½ rFkk ¼[k½ ds _.kksa ds fy, *[Secured by Pari-passu charge by way of
¼dkaMyk bdkbZ dks NksM+dj½ lHkh py rFkk mortgage/hypothecation on all the movable and
vpy ifjlaifÙk;ksa dks eksVZxst@ca/kd j[krs gq, immovable assets (excluding Kandla Unit) is
leku izHkkj ij jf{kr gSA applicable on Loans at Sr. No. (a) & (b) above]
¼x½ U;w bafM;k dksvkijsfVo cSad fy- (c) New India Cooperative Bank Ltd. 17.88 --
¼,d o"kZ ds Hkhrj 5-50 djksM+ #i;s dk Hkqxrku (Due for repayment within one year Rs.5.50
fd;k tkuk gS] xr o"kZ 0-00 djksM+ #i;s½ crore, Previous Year Nil)
¼Hkkjr ljdkj ds 27-50 djksM+ #i;s ds moZjd (Secured by way of lien on Government of India
ckaMksa ds fy;u }kjk jf{kr½ Fertiliser Bonds amounting to Rs.27.50 Crore)
¼?k½ vkLFkfxr O;kikj dj _.k (d) Deferred Trade Tax Loan 121.62 132.48
izkns'kh; vkS|ksfxd vkSj fuos'k fuxe] Interest Free Loan from Pradeshiya Industrial
mÙkj izns'k ls C;kt jfgr _.k & Investment Corporation of Uttar Pradesh
(,d o"k Z d s Hkhrj 23-41 djkMs + #i; s dk Hkxq rku (Due for repayment within one year
fd;k tkuk gS] xr o"kZ 24-12 djksM+ #i;s) Rs.23.41 crore, Previous Year Rs.24.12 crore)
¼vkaoyk bdkbZ dh Hkwfe o vU; vpy laifÙk;ksa (Secured by pari-passu charge on Land and
vkSj vkaoyk II bdkbZ ds la;a=k o e'khujh dks other immovable properties of Aonla Unit
ca/kd j[krs gq, leku izHkkj ij jf{kr ½ and Hypothecation of Plant and Machinery
of Aonla II Unit )
udn _.k CASH CREDIT 526.53 1,322.97
¼dPps eky] LVkslZ rFkk Lis;lZ] v/kZ&rS;kj eky] (Secured by pari-passu charge by
rS;kj eky ,oa [kkrk _.kksa dks leku izHkkj ij Hypothecation of Raw Materials, Stores and
cSadksa ds dalksfVZ;e ds lkFk gq, djkj ds Spares, Semi Finished Goods, Finished Goods
varxZr ca/kd j[krs gq, jf{kr ½ and Book Debts under a loan agreement with
Consortium of Banks)
cSadksa ls vYikof/kd _.k SHORT TERM LOANS FROM BANKS 3,392.62 4,750.00
¼Hkkjr ljdkj ds 4,425.00 djksM+ :i;s ds (Secured by way of lien on Government of India
moZjd ckaMksa ds fy;u }kjk jf{kr] xr o"kZ Fertiliser Bonds amounting to Rs.4,425.00 crore,
6]500-00 djksM+ #i;s½ Previous Year Rs.6,500.00 crore)
;ksx TOTAL 5,032.93 7,373.18
As at 31.3.2009 rd
As at
31.3.2010 rd
95
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 4
vjf{kr _.kSchedule 4
Unsecured Loans
cSadksa@laLFkkvksa ls vYikofèkd _.k Short Term Loans from Banks /
Institutions
#i;s esa _.k i) Rupee Loan 5,975.18 4,772.66
fons'kh eqnzk esa _.k ii) Foreign Currency Loan 241.30 6,216.48 384.86 5,157.52
nh?kkoZ fèkd _.k Long Term Loan
cSadksa@laLFkkvksa ls From Banks / Institutions 251.43 251.43
¼,d o"kZ ds Hkhrj 'kwU; #i;s] dk Hkqxrku (Due for repayment within one year
fd;k tkuk gSA xr o"kZ 'kwU; #i;s½ Rs.Nil, Previous Year Rs. Nil)
vkLFkfxr O;kikj dj _.k Deferred Trade Tax Loanizkns'kh; vkS|ksfxd vkSj fuos'k fuxe] Interest Free Loan from Pradeshiya Industrial 2.54 1.44
mÙkj izns'k ls C;kt jfgr _.k & Investment Corporation of Uttar Pradesh.
lkof/k tek jkf'k;k¡ & deZpkjh@vU; Term Deposits - Employees / Others 17.71 10.26
& lgdkjh laLFkk,a - Cooperative Institutions 11.08 28.79 8.95 19.21
;ksx TOTAL 6,499.24 5,429.60
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
As at
31.3.2010 rd
As at
31.3.2009 rd
vuqlwph 3
jf{kr _.kSchedule 3
Secured Loans
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
94
¼djksM+ #i;s esa½(Rs. in Crore)
lkof/k _.k TERM LOAN
¼d½ vkbZlhvkbZlhvkbZ cSad flaMhdsVsM lkof/k _.k * (a) ICICI Bank Syndicated Term Loan*
#i;s esa _.k Rupee Loan 30.00 30.00
fons'kh eqnzk esa _.k Foreign Currency Loan 938.53 968.53 1,126.23 1,156.23
¼,d o"k Z d s Hkhrj 375.41 djkMs + #i;]s dk Hkxq rku (Due for repayment within one year
fd;k tkuk gSA xr o"kZ 187.70 djksM+ #i;s½ Rs.375.41 crore, Previous Year Rs.187.70 crore)
¼[k½ U;w bafM;k dksvkijsfVo cSad fy-* (b) New India Cooperative Bank Ltd.* 5.75 11.50
¼,d o"kZ ds Hkhrj 5-75 djksM+ #i;s dk Hkqxrku (Due for repayment within one year
fd;k tkuk gS] xr o"kZ 5-75 djksM+ #i;s½ Rs.5.75 crore, Previous Year Rs. 5.75 crore)
*¼mi;qZDr Øe la- ¼d½ rFkk ¼[k½ ds _.kksa ds fy, *[Secured by Pari-passu charge by way of
¼dkaMyk bdkbZ dks NksM+dj½ lHkh py rFkk mortgage/hypothecation on all the movable and
vpy ifjlaifÙk;ksa dks eksVZxst@ca/kd j[krs gq, immovable assets (excluding Kandla Unit) is
leku izHkkj ij jf{kr gSA applicable on Loans at Sr. No. (a) & (b) above]
¼x½ U;w bafM;k dksvkijsfVo cSad fy- (c) New India Cooperative Bank Ltd. 17.88 --
¼,d o"kZ ds Hkhrj 5-50 djksM+ #i;s dk Hkqxrku (Due for repayment within one year Rs.5.50
fd;k tkuk gS] xr o"kZ 0-00 djksM+ #i;s½ crore, Previous Year Nil)
¼Hkkjr ljdkj ds 27-50 djksM+ #i;s ds moZjd (Secured by way of lien on Government of India
ckaMksa ds fy;u }kjk jf{kr½ Fertiliser Bonds amounting to Rs.27.50 Crore)
¼?k½ vkLFkfxr O;kikj dj _.k (d) Deferred Trade Tax Loan 121.62 132.48
izkns'kh; vkS|ksfxd vkSj fuos'k fuxe] Interest Free Loan from Pradeshiya Industrial
mÙkj izns'k ls C;kt jfgr _.k & Investment Corporation of Uttar Pradesh
(,d o"k Z d s Hkhrj 23-41 djkMs + #i; s dk Hkxq rku (Due for repayment within one year
fd;k tkuk gS] xr o"kZ 24-12 djksM+ #i;s) Rs.23.41 crore, Previous Year Rs.24.12 crore)
¼vkaoyk bdkbZ dh Hkwfe o vU; vpy laifÙk;ksa (Secured by pari-passu charge on Land and
vkSj vkaoyk II bdkbZ ds la;a=k o e'khujh dks other immovable properties of Aonla Unit
ca/kd j[krs gq, leku izHkkj ij jf{kr ½ and Hypothecation of Plant and Machinery
of Aonla II Unit )
udn _.k CASH CREDIT 526.53 1,322.97
¼dPps eky] LVkslZ rFkk Lis;lZ] v/kZ&rS;kj eky] (Secured by pari-passu charge by
rS;kj eky ,oa [kkrk _.kksa dks leku izHkkj ij Hypothecation of Raw Materials, Stores and
cSadksa ds dalksfVZ;e ds lkFk gq, djkj ds Spares, Semi Finished Goods, Finished Goods
varxZr ca/kd j[krs gq, jf{kr ½ and Book Debts under a loan agreement with
Consortium of Banks)
cSadksa ls vYikof/kd _.k SHORT TERM LOANS FROM BANKS 3,392.62 4,750.00
¼Hkkjr ljdkj ds 4,425.00 djksM+ :i;s ds (Secured by way of lien on Government of India
moZjd ckaMksa ds fy;u }kjk jf{kr] xr o"kZ Fertiliser Bonds amounting to Rs.4,425.00 crore,
6]500-00 djksM+ #i;s½ Previous Year Rs.6,500.00 crore)
;ksx TOTAL 5,032.93 7,373.18
As at 31.3.2009 rd
As at
31.3.2010 rd
95
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 4
vjf{kr _.kSchedule 4
Unsecured Loans
cSadksa@laLFkkvksa ls vYikofèkd _.k Short Term Loans from Banks /
Institutions
#i;s esa _.k i) Rupee Loan 5,975.18 4,772.66
fons'kh eqnzk esa _.k ii) Foreign Currency Loan 241.30 6,216.48 384.86 5,157.52
nh?kkoZ fèkd _.k Long Term Loan
cSadksa@laLFkkvksa ls From Banks / Institutions 251.43 251.43
¼,d o"kZ ds Hkhrj 'kwU; #i;s] dk Hkqxrku (Due for repayment within one year
fd;k tkuk gSA xr o"kZ 'kwU; #i;s½ Rs.Nil, Previous Year Rs. Nil)
vkLFkfxr O;kikj dj _.k Deferred Trade Tax Loanizkns'kh; vkS|ksfxd vkSj fuos'k fuxe] Interest Free Loan from Pradeshiya Industrial 2.54 1.44
mÙkj izns'k ls C;kt jfgr _.k & Investment Corporation of Uttar Pradesh.
lkof/k tek jkf'k;k¡ & deZpkjh@vU; Term Deposits - Employees / Others 17.71 10.26
& lgdkjh laLFkk,a - Cooperative Institutions 11.08 28.79 8.95 19.21
;ksx TOTAL 6,499.24 5,429.60
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
As at
31.3.2010 rd
As at
31.3.2009 rd
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
ldy eku Gross Block
(Rs. in Crore)¼djksM+ #i;s esa½
ewY;gzkl@ifj’kks/kuDepreciation/Amortisation
fuoy eku Net Block
ifjo/kZu dVkSrh@lek;kstu
bl o"kZds fy,
dVkSrh@lek;kstu
As at Additions Deductions/ As at As at For the Deductions/ As at1.4.2009 Adjustments 31.3.2010 1.4.2009 Year Adjustments 31.3.2010 31.3.2010 31.3.2009
rd rd rd rd rd rd
ewrZ ifjlaifÙk;kaHkwfe % Land :
iw.kZ LokfeRo okyh Freehold 42.31 -- -- 42.31 -- -- -- -- 42.31 42.31
iV~Vs okyh Leasehold 146.45 1.68 0.16 147.97 4.32 1.31 -- 5.63 142.34 142.13
mi ;ksx Sub Total 188.76 1.68 0.16 190.28 4.32 1.31 -- 5.63 184.65 184.44
Hkou %
dk;kZy;&iw.kZ LokfeRo okyk Office - Freehold 88.21 4.45 0.17 92.49 7.70 1.50 (0.04) 9.16 83.33 80.51
dk;kZy;&iV~Vs okyk Office - Leasehold 1.95 -- -- 1.95 0.36 0.03 -- 0.39 1.56 1.59
dkj[kkuk Factory 268.32 46.97 0.09 315.20 90.98 10.60 0.24 101.82 213.38 177.34
Vkmuf'ki Township 170.91 26.05 0.07 196.89 27.81 3.15 0.02 30.98 165.91 143.10
lM+d] iqfy;k rFkk Roads, Culverts and
vU; lqfoèkk,a Other Facilities 90.32 9.89 -- 100.21 15.74 1.77 -- 17.51 82.70 74.58
vLFkkbZ Temporary
fuekZ.k Structures 4.87 0.87 0.07 5.67 4.87 0.82 (0.02) 5.67 -- --
mi ;ksx Sub Total 624.58 88.23 0.40 712.41 147.46 17.87 0.20 165.53 546.88 477.12
la;a=k] e'khujh Plant, Machinery
rFkk vU; and Other
miLdj Equipments 7,612.52 478.77 306.36 7,784.93 3,492.40 417.51 (21.00) 3,888.91 3,896.02 4,120.11
QuhZpj] fQDlpj Furniture, Fixture
rFkk vU; and Office
miLdj Equipments 114.66 9.12 (15.68) 139.46 46.65 7.26 (0.77) 53.14 86.32 68.01
okgu rFkk Vehicle and
py miLdj Mobile Equipments 62.47 3.76 5.06 61.17 34.57 4.46 (2.04) 36.99 24.18 27.90
jksfyax LVkWd ´É ±ÉÉäEòÉä¨ÉÉäÊ]õ´É Rolling Stock and Locomotive 72.66 0.79 0.04 73.41 64.33 0.47 (0.04) 64.76 8.65 8.33
jsyos lkbfMax Railway Sidings 23.41 3.14 0.28 26.27 17.71 0.62 (0.22) 18.11 8.16 5.70
fyfDoM dkxksZ tSVh Liquid Cargo Jetty 50.50 0.89 -- 51.39 19.42 3.15 -- 22.57 28.82 31.08
mi ;ksx Sub Total 7,936.22 496.47 296.06 8,136.63 3,675.08 433.47 (24.07) 4,084.48 4,052.15 4,261.14
ewrZ ifjlaifÙk;ka Tangible Assets (I) 8,749.56 586.38 296.62 9,039.32 3,826.86 452.65 (23.87) 4,255.64 4,783.68 4,922.70
vewrZ ifjlEifÙk;ka INTANGIBLE ASSETS
yk;lsal Licences 16.73 1.27 -- 18.00 4.07 1.79 0.02 5.88 12.12 12.66
rduhdh Kku Technical Knowhow 36.91 1.50 0.71 37.70 11.23 3.50 0.07 14.80 22.90 25.68
vewrZ ifjlaifÙk;ka Intangible Assets (II) 53.64 2.77 0.71 55.70 15.30 5.29 0.09 20.68 35.02 38.34
fuiVku d s fy, jkds h xb Z ifjlEifÙk;ka Assets Held for Disposal (III) 4.80 2.06 1.28 5.58 -- -- -- -- 5.58 4.80
pkyw o"kZ dk ;ksx Current Year's Total (I)+(II)+(III)8,808.00 591.21 298.61 9,100.60 3,842.16 457.94 (23.78) 4,276.32 4,824.28 4,965.84
xr o"kZ dk ;ksx Previous Year's Total 8,138.98 848.41 179.39 8,808.00 3,400.04 470.40 (28.28) 3,842.16 4,965.84
As at As at
TANGIBLE ASSETS
Buildings :
vuqlwph 5vpy ifjlEifÙk;ka
Schedule 5
Fixed Assets
96
vuqlwph 6iwathxr pkyw fuekZ.k dk;Z
Schedule 6
Capital Work-in-Progress
As at 31.3.2010 rd
As at31.3.2009 rd
Hkou % Buildings :
d½ dk;kZy; rFkk dkj[kkuk (a) Office and Factory 41.03 48.35
[k½ ]õÉ=xÉʶÉ{É/ Ê®ú½þɪɶÉÒ (b) Township / Residential 17.84 15.47
x½ lM+d] iqfy;k rFkk vU; lqfoèkk,a (c) Roads, Culverts and Other Facilities 13.23 72.10 7.68 71.50
la;a=k] e'khujh rFkk vU; miLdj Plant, Machinery and Other Equipments 244.00 174.93
{kerk o`f) rFkk ,y,uth dUotZu Capacity Enhancement and LNG
foLrkj ifj;kstuk Conversion Project 4.97 43.31
foLrkj ifj;kstuk Expansion Projects 9.99 --
jsyos lkbfMax Railway Sidings 1.94 1.24
;ksx TOTAL 333.00 290.98
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
(Rs. in Crore)
¼djksM+ #i;s esa½
97
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
ldy eku Gross Block
(Rs. in Crore)¼djksM+ #i;s esa½
ewY;gzkl@ifj’kks/kuDepreciation/Amortisation
fuoy eku Net Block
ifjo/kZu dVkSrh@lek;kstu
bl o"kZds fy,
dVkSrh@lek;kstu
As at Additions Deductions/ As at As at For the Deductions/ As at1.4.2009 Adjustments 31.3.2010 1.4.2009 Year Adjustments 31.3.2010 31.3.2010 31.3.2009
rd rd rd rd rd rd
ewrZ ifjlaifÙk;kaHkwfe % Land :
iw.kZ LokfeRo okyh Freehold 42.31 -- -- 42.31 -- -- -- -- 42.31 42.31
iV~Vs okyh Leasehold 146.45 1.68 0.16 147.97 4.32 1.31 -- 5.63 142.34 142.13
mi ;ksx Sub Total 188.76 1.68 0.16 190.28 4.32 1.31 -- 5.63 184.65 184.44
Hkou %
dk;kZy;&iw.kZ LokfeRo okyk Office - Freehold 88.21 4.45 0.17 92.49 7.70 1.50 (0.04) 9.16 83.33 80.51
dk;kZy;&iV~Vs okyk Office - Leasehold 1.95 -- -- 1.95 0.36 0.03 -- 0.39 1.56 1.59
dkj[kkuk Factory 268.32 46.97 0.09 315.20 90.98 10.60 0.24 101.82 213.38 177.34
Vkmuf'ki Township 170.91 26.05 0.07 196.89 27.81 3.15 0.02 30.98 165.91 143.10
lM+d] iqfy;k rFkk Roads, Culverts and
vU; lqfoèkk,a Other Facilities 90.32 9.89 -- 100.21 15.74 1.77 -- 17.51 82.70 74.58
vLFkkbZ Temporary
fuekZ.k Structures 4.87 0.87 0.07 5.67 4.87 0.82 (0.02) 5.67 -- --
mi ;ksx Sub Total 624.58 88.23 0.40 712.41 147.46 17.87 0.20 165.53 546.88 477.12
la;a=k] e'khujh Plant, Machinery
rFkk vU; and Other
miLdj Equipments 7,612.52 478.77 306.36 7,784.93 3,492.40 417.51 (21.00) 3,888.91 3,896.02 4,120.11
QuhZpj] fQDlpj Furniture, Fixture
rFkk vU; and Office
miLdj Equipments 114.66 9.12 (15.68) 139.46 46.65 7.26 (0.77) 53.14 86.32 68.01
okgu rFkk Vehicle and
py miLdj Mobile Equipments 62.47 3.76 5.06 61.17 34.57 4.46 (2.04) 36.99 24.18 27.90
jksfyax LVkWd ´É ±ÉÉäEòÉä¨ÉÉäÊ]õ´É Rolling Stock and Locomotive 72.66 0.79 0.04 73.41 64.33 0.47 (0.04) 64.76 8.65 8.33
jsyos lkbfMax Railway Sidings 23.41 3.14 0.28 26.27 17.71 0.62 (0.22) 18.11 8.16 5.70
fyfDoM dkxksZ tSVh Liquid Cargo Jetty 50.50 0.89 -- 51.39 19.42 3.15 -- 22.57 28.82 31.08
mi ;ksx Sub Total 7,936.22 496.47 296.06 8,136.63 3,675.08 433.47 (24.07) 4,084.48 4,052.15 4,261.14
ewrZ ifjlaifÙk;ka Tangible Assets (I) 8,749.56 586.38 296.62 9,039.32 3,826.86 452.65 (23.87) 4,255.64 4,783.68 4,922.70
vewrZ ifjlEifÙk;ka INTANGIBLE ASSETS
yk;lsal Licences 16.73 1.27 -- 18.00 4.07 1.79 0.02 5.88 12.12 12.66
rduhdh Kku Technical Knowhow 36.91 1.50 0.71 37.70 11.23 3.50 0.07 14.80 22.90 25.68
vewrZ ifjlaifÙk;ka Intangible Assets (II) 53.64 2.77 0.71 55.70 15.30 5.29 0.09 20.68 35.02 38.34
fuiVku d s fy, jkds h xb Z ifjlEifÙk;ka Assets Held for Disposal (III) 4.80 2.06 1.28 5.58 -- -- -- -- 5.58 4.80
pkyw o"kZ dk ;ksx Current Year's Total (I)+(II)+(III)8,808.00 591.21 298.61 9,100.60 3,842.16 457.94 (23.78) 4,276.32 4,824.28 4,965.84
xr o"kZ dk ;ksx Previous Year's Total 8,138.98 848.41 179.39 8,808.00 3,400.04 470.40 (28.28) 3,842.16 4,965.84
As at As at
TANGIBLE ASSETS
Buildings :
vuqlwph 5vpy ifjlEifÙk;ka
Schedule 5
Fixed Assets
96
vuqlwph 6iwathxr pkyw fuekZ.k dk;Z
Schedule 6
Capital Work-in-Progress
As at 31.3.2010 rd
As at31.3.2009 rd
Hkou % Buildings :
d½ dk;kZy; rFkk dkj[kkuk (a) Office and Factory 41.03 48.35
[k½ ]õÉ=xÉʶÉ{É/ Ê®ú½þɪɶÉÒ (b) Township / Residential 17.84 15.47
x½ lM+d] iqfy;k rFkk vU; lqfoèkk,a (c) Roads, Culverts and Other Facilities 13.23 72.10 7.68 71.50
la;a=k] e'khujh rFkk vU; miLdj Plant, Machinery and Other Equipments 244.00 174.93
{kerk o`f) rFkk ,y,uth dUotZu Capacity Enhancement and LNG
foLrkj ifj;kstuk Conversion Project 4.97 43.31
foLrkj ifj;kstuk Expansion Projects 9.99 --
jsyos lkbfMax Railway Sidings 1.94 1.24
;ksx TOTAL 333.00 290.98
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
(Rs. in Crore)
¼djksM+ #i;s esa½
97
vuqlwph 7
fuos'k
(Rs. in Crore)
¼djksM+ #i;s esa½
Schedule 7
Investments
As at 31.3.2009 rd
As at 31.3.2010 rd
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
nh?kkZof/kd & ykxr ij LONG TERM - At Cost
d½ ljdkjh rFkk U;kl izfrHkwfr;ka a) Government and Trust Securities
Hkkjr ljdkj }kjk moZjd dEifu;kas ds fy, Fertiliser Companies Government of India
fo'ks"k ckaM ¼vuqlwph 20] uksV 4 (iii) dk lanHkZ ysa½ Special Bonds (Refer Schedule 20, Note 4 (ii)) 6,638.95 6,638.95
[k½ 'ks;j] _.ki=k rFkk ckaM (+xÉÖrÞùiÉ) b) Shares, Debentures and Bonds (Unquoted)
lgk;d dEifu;ksa@la;qDr m|eksa esa fuos'k (i) Investment in Subsidiaries / Joint Ventures
+Éä¨ÉÉxÉ <ÆÊb÷ªÉÉ ¡òÌ]õ±ÉÉ<VÉ®ú EÆò{ÉxÉÒ BºÉ B +Éä ºÉÒ Oman India Fertiliser Company SAOC 329.08 329.08
BEò +Éä¨ÉÉxÉÒ Ê®úªÉÉ±É |ÉiªÉäEò Eäò 2,67,57,500 2,67,57,500 (2,67,57,500) equity shares of Omani
(2,67,57,500) bfDoVh ¶ÉäªÉ®], iw.kZ iznÙk Rial 1 each, fully paid-up
<¡òEòÉä-]õÉäCªÉÉä VÉxÉ®ú±É <ƶÉÉä®åúºÉ EÆò{ÉxÉÒ Ê±ÉʨÉ]äõb÷ò IFFCO-TOKIO General Insurance Company Limited 303.78 303.78
10 ¯û{ɪÉä |ÉiªÉäEò Eäò 17,94,20,800 (17,94,20,800) 17,94,20,800 (17,94,20,800) equity shares of
bfDoVh ¶ÉäªÉ®, iw.kZ iznÙk Rs.10 each, fully paid-up
<Æb÷º]ÅõÒVÉ Ê¶ÉʨÉE bÚ÷ ʺÉxÉäMɱÉò Industries Chimiques du Senegal 80.37 80.37
|ÉiªÉäEò 10,000 ºÉÒB¡òB-B¡ò Eäò 8,26,232 8,26,232 (8,26,232) equity shares
(8,26,232) bfDoVh ¶ÉäªÉ®ú, iw.kZ iznÙk of CFA-F 10,000 each, fully paid-up
baMks bftfI'k;u QfVZykbtj daiuh] ,l,bZ] Indo Egyptian Fertilizers Company SAE -- 38.89
,d vesfjdh Mkyj izR;sd ds 75]95]000 75,95,000 (75,95,000) equity shares of US$ 1 each,
¼75]95]000½ 'ks;j] iw.kZ iznÙk rFkk ,d vesfjdh Mkyj fully paid-up and 1,51,90,000 (1,51,90,000) equity
izR;sd ds 1,51,90,000 (1,51,90,000) bfDoVh 'ks;j, shares of US$ 1 each, partly paid-up, US$ 0.10 paid up
vkaf’kd iznÙk ftlesa ls 0-10 vesfjdh Mkyj iznÙk gSA
tksMZu bafM;k QfVZykbtj dEiuh] ,y-,y-lh] Jordan India Fertilizer Company LLC 59.11 59.11
,d tkMs uZ fnukj iRz ;ds d s 3,64,000 (3,64,000) bfDoVh 3,64,000 (3,64,000) equity shares of Jordan Dinar
'k;s j] iw.kZ iznÙk rFkk ,d tkMs uZ fnukj iRz ;ds d s 1,87,20,000 1 each, fully paid-up and 1,87,20,000 (1,87,20,000)
(1,87,20,000) 'ks;j] vkaf’kd iznÙk ftlesa ls tksMZu equity shares of Jordan Dinar 1 each, partly paid-up,
fnukj 0-50 iznÙk gSA Jordan Dinar 0.50 paid up
bQdks NÙkhlx<+ ikoj fyfeVsM IFFCO Chhattisgarh Power Limited 51.80 44.40
10 #- iRz ;ds d s 5,18,00,000 (4,44,00,000) bfDoVh ’k;s j] 5,18,00,000 (4,44,00,000) equity shares of Rs.10
iw.kZ iznÙk each, fully paid-up
bQdks fdlku lapkj fyfeVsM IFFCO Kisan Sanchar Limited 3.65 3.65
10 #- izR;sd ds 36,49,500 (36,49,500) bfDoVh ’ks;j] 36,49,500 (36,49,500) equity shares of Rs.10 each,
iw.kZ iznÙk fully paid-up
bQdks fdlku cktkj fyfeVsM IFFCO Kisan Bazar Limited 15.00 15.00
10 #i; s iRz ;ds d s 1]50]00]000 ¼1]50]00]000½ 1,50,00,000 (1,50,00,000) equity shares of Rs.10
bfDoVh 'ks;j] iw.kZ iznÙk each, fully paid-up
fdlku bUVjus’kuy VªsfMax ,QtSMbZ Kisan International Trading FZE 1.20 1.20
,d fefy;u ;w,bZ fnjge izR;sd dk 10 ¼10½ 10 (10) equity shares (including 9 bonus shares)
bfDoVh 'ks;j ¼9 cksul 'ks;jksa lfgr½] iw.kZ iznÙk of UAE Dirham 1 Million each, fully paid-up
bafM;u QkeZ QkWjsLVªh MsoyiesaV dksvkijsfVo fy- Indian Farm Forestry Development Cooperative Limited 12.54 12.54
50]000 #i;s izR;sd ds 2]507 ¼2]507½ bfDoVh 'ks;j] 2,507 (2,507) equity shares of Rs.50,000 each,iw.kZ iznÙk fully paid-up
98
As at 31.3.2010 rd
As at 31.3.2009 rd
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 7fuos'k ¼tkjh½
Schedule 7
Investments (Contd.)
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
xr o"kZ ds vkadM+s dks"Bdksa esa fn;s x;s gSaAFigures in brackets relate to previous year.
bQdks fdlku ,lbZt+SM fyfeVsM IFFCO Kisan SEZ Limited 0.25 0.25
10 :i;s izR;sd ds 2]50]000 ¼2]50]000½ 2,50,000 (2,50,000) equity shares of Rs.10 each,
bfDoVh 'ks;j, iw.kZ iznÙk fully paid-up
vU; dEifu;ksa esa fuos’k (ii) Investment in Other Companies / Entities:
us’kuy dkseksfMVh ,.M MsjhosfVOl ,Dlpsat fy- National Commodity & Derivatives Exchange Ltd.
10 #i;s izR;sd ds 1]00]00]000 ¼1]00]00]000½ 1,00,00,000 (1,00,00,000) 5% Cumulative Redeemable 10.00 10.00
5% lap;h fueksZpuh; fizQjsal 'ks;lZ, iw.kZ iznÙk Preference Shares of Rs.10 each, fully paid-up
10 #i;s izR;sd ds 45,00,000 (45,00,000) 45,00,000 (36,00,000) equity shares of Rs.10 each, 13.50 3.60
bfDoVh ’ks;j, iw.kZ iznÙk fully paid-up
<ÆÊb÷ªÉxÉ {ÉÉä]õÉ¶É fyfeVsM Indian Potash Limited 2.68 2.68
10 #i; s |ÉiªÉEä ò Eòä 48,60,000 (48,60,000) <ÎC´É]õÒú 48,60,000 (48,60,000) equity shares (including
¶ÉäªÉ® (21,80,000 ¤ÉÉäxÉºÉ ¶ÉäªÉ®ú ¶ÉÉÊ¨É±É Eò®úiÉä ½ÖþB), 21,80,000 bonus shares) of Rs.10 each, fully paid-up
iw.kZ iznÙk
us'kuy dksysVjy eSaustesaV lfoZlst fyfeVsM National Collateral Management Services Ltd. 4.00 4.00
10 #i; s iRz ;ds d s 40]00]000 ¼40]00]000½ bfDoVh 'k;s j] 40,00,000 (40,00,000) equity shares of Rs.10 each,
iw.kZ iznÙk fully paid-up
ÝhIys ,uthZ bafM;k fyfeVsM Freeplay Energy India Limited 4.83 4.83
10 :i;s izR;sd ds 7]88]333 ¼7]88]333½ 7,88,333 (7,88,333) equity shares of Rs.10 each,
bfDoVh 'ks;j] iw.kZ iznÙk fully paid-up
xzks eSDl ,xzh dkWiZ Grow Max Agri Corp 2.34 --
1 MkWyj izR;sd ds 5]00]000 ¼'kwU;½ bfDoVh 'ks;j] 5,00,000 (Nil) equity shares of US$ 1 each,
iw.kZ iznÙk fully paid-up
egkjk"Vª LVsV dksvkijsfVo cSad fyfeVsM Maharashtra State Cooperative Bank Limited 0.10 0.10
1,000 ¯û0 |ÉiªÉäEò Eäò 1,001¼1,001½ bfDoVh ¶ÉäªÉ®, 1,001 (1,001) equity shares of Rs.1,000 each,
iw.kZ iznÙk fully paid-up
dksvkijsfVo cSad vkWQ bafM;k fyfeVsM Cooperative Bank of India Limited 0.05 0.05
10]000 #i;s izR;sd ds 50 ¼50½ bfDoVh 'ks;j] 50 (50) equity shares of Rs.10,000 each, fully paid-up
iw.kZ iznÙk
bafM;u VwfjT+e dksvkijsfVo fyfeVsM Indian Tourism Cooperative Limited 0.01 0.01
5,000 20 (20) #- çR;ds d s bfDoVh 'k;s j] i.w k Z inz Ùk 20 (20) equity shares of Rs.5,000 each, fully paid-up
us'kuy fQYe ,aM Qkbu vkV~lZ dksvki- fy- National Film & Fine Arts Cooperative Limited 0.01 0.01
5,000 27 27#- çR;sd ds ¼ ½ bfDoVh 'ks;j] iw.kZ iznÙk 27 (27) equity shares (including 7 bonus shares) of
¼7 cksul 'ks;lZ 'kkfey djrs gq,½ Rs.5,000 each, fully paid-up
vfj;k dsfedYl ¼mM+hlk½ fyfeVsM Aria Chemicals (Orissa) Limited 0.45 0.45
10 :i; s iRz ;ds d s 4,50,000 ¼4,50,000) 4,50,000 (4,50,000) equity shares of Rs. 10 each,
bfDoVh 'ks;j] iw.kZ iznÙk fully paid-up7,533.70 7,552.95
?kVk;sa% fuos’k ds ewY; esa deh ds fy, izko/kku Less: Provision for diminution in value of Investments 2.42 --
;ksx TOTAL 7,531.28 7,552.95
99
vuqlwph 7
fuos'k
(Rs. in Crore)
¼djksM+ #i;s esa½
Schedule 7
Investments
As at 31.3.2009 rd
As at 31.3.2010 rd
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
nh?kkZof/kd & ykxr ij LONG TERM - At Cost
d½ ljdkjh rFkk U;kl izfrHkwfr;ka a) Government and Trust Securities
Hkkjr ljdkj }kjk moZjd dEifu;kas ds fy, Fertiliser Companies Government of India
fo'ks"k ckaM ¼vuqlwph 20] uksV 4 (iii) dk lanHkZ ysa½ Special Bonds (Refer Schedule 20, Note 4 (ii)) 6,638.95 6,638.95
[k½ 'ks;j] _.ki=k rFkk ckaM (+xÉÖrÞùiÉ) b) Shares, Debentures and Bonds (Unquoted)
lgk;d dEifu;ksa@la;qDr m|eksa esa fuos'k (i) Investment in Subsidiaries / Joint Ventures
+Éä¨ÉÉxÉ <ÆÊb÷ªÉÉ ¡òÌ]õ±ÉÉ<VÉ®ú EÆò{ÉxÉÒ BºÉ B +Éä ºÉÒ Oman India Fertiliser Company SAOC 329.08 329.08
BEò +Éä¨ÉÉxÉÒ Ê®úªÉÉ±É |ÉiªÉäEò Eäò 2,67,57,500 2,67,57,500 (2,67,57,500) equity shares of Omani
(2,67,57,500) bfDoVh ¶ÉäªÉ®], iw.kZ iznÙk Rial 1 each, fully paid-up
<¡òEòÉä-]õÉäCªÉÉä VÉxÉ®ú±É <ƶÉÉä®åúºÉ EÆò{ÉxÉÒ Ê±ÉʨÉ]äõb÷ò IFFCO-TOKIO General Insurance Company Limited 303.78 303.78
10 ¯û{ɪÉä |ÉiªÉäEò Eäò 17,94,20,800 (17,94,20,800) 17,94,20,800 (17,94,20,800) equity shares of
bfDoVh ¶ÉäªÉ®, iw.kZ iznÙk Rs.10 each, fully paid-up
<Æb÷º]ÅõÒVÉ Ê¶ÉʨÉE bÚ÷ ʺÉxÉäMɱÉò Industries Chimiques du Senegal 80.37 80.37
|ÉiªÉäEò 10,000 ºÉÒB¡òB-B¡ò Eäò 8,26,232 8,26,232 (8,26,232) equity shares
(8,26,232) bfDoVh ¶ÉäªÉ®ú, iw.kZ iznÙk of CFA-F 10,000 each, fully paid-up
baMks bftfI'k;u QfVZykbtj daiuh] ,l,bZ] Indo Egyptian Fertilizers Company SAE -- 38.89
,d vesfjdh Mkyj izR;sd ds 75]95]000 75,95,000 (75,95,000) equity shares of US$ 1 each,
¼75]95]000½ 'ks;j] iw.kZ iznÙk rFkk ,d vesfjdh Mkyj fully paid-up and 1,51,90,000 (1,51,90,000) equity
izR;sd ds 1,51,90,000 (1,51,90,000) bfDoVh 'ks;j, shares of US$ 1 each, partly paid-up, US$ 0.10 paid up
vkaf’kd iznÙk ftlesa ls 0-10 vesfjdh Mkyj iznÙk gSA
tksMZu bafM;k QfVZykbtj dEiuh] ,y-,y-lh] Jordan India Fertilizer Company LLC 59.11 59.11
,d tkMs uZ fnukj iRz ;ds d s 3,64,000 (3,64,000) bfDoVh 3,64,000 (3,64,000) equity shares of Jordan Dinar
'k;s j] iw.kZ iznÙk rFkk ,d tkMs uZ fnukj iRz ;ds d s 1,87,20,000 1 each, fully paid-up and 1,87,20,000 (1,87,20,000)
(1,87,20,000) 'ks;j] vkaf’kd iznÙk ftlesa ls tksMZu equity shares of Jordan Dinar 1 each, partly paid-up,
fnukj 0-50 iznÙk gSA Jordan Dinar 0.50 paid up
bQdks NÙkhlx<+ ikoj fyfeVsM IFFCO Chhattisgarh Power Limited 51.80 44.40
10 #- iRz ;ds d s 5,18,00,000 (4,44,00,000) bfDoVh ’k;s j] 5,18,00,000 (4,44,00,000) equity shares of Rs.10
iw.kZ iznÙk each, fully paid-up
bQdks fdlku lapkj fyfeVsM IFFCO Kisan Sanchar Limited 3.65 3.65
10 #- izR;sd ds 36,49,500 (36,49,500) bfDoVh ’ks;j] 36,49,500 (36,49,500) equity shares of Rs.10 each,
iw.kZ iznÙk fully paid-up
bQdks fdlku cktkj fyfeVsM IFFCO Kisan Bazar Limited 15.00 15.00
10 #i; s iRz ;ds d s 1]50]00]000 ¼1]50]00]000½ 1,50,00,000 (1,50,00,000) equity shares of Rs.10
bfDoVh 'ks;j] iw.kZ iznÙk each, fully paid-up
fdlku bUVjus’kuy VªsfMax ,QtSMbZ Kisan International Trading FZE 1.20 1.20
,d fefy;u ;w,bZ fnjge izR;sd dk 10 ¼10½ 10 (10) equity shares (including 9 bonus shares)
bfDoVh 'ks;j ¼9 cksul 'ks;jksa lfgr½] iw.kZ iznÙk of UAE Dirham 1 Million each, fully paid-up
bafM;u QkeZ QkWjsLVªh MsoyiesaV dksvkijsfVo fy- Indian Farm Forestry Development Cooperative Limited 12.54 12.54
50]000 #i;s izR;sd ds 2]507 ¼2]507½ bfDoVh 'ks;j] 2,507 (2,507) equity shares of Rs.50,000 each,iw.kZ iznÙk fully paid-up
98
As at 31.3.2010 rd
As at 31.3.2009 rd
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 7fuos'k ¼tkjh½
Schedule 7
Investments (Contd.)
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
xr o"kZ ds vkadM+s dks"Bdksa esa fn;s x;s gSaAFigures in brackets relate to previous year.
bQdks fdlku ,lbZt+SM fyfeVsM IFFCO Kisan SEZ Limited 0.25 0.25
10 :i;s izR;sd ds 2]50]000 ¼2]50]000½ 2,50,000 (2,50,000) equity shares of Rs.10 each,
bfDoVh 'ks;j, iw.kZ iznÙk fully paid-up
vU; dEifu;ksa esa fuos’k (ii) Investment in Other Companies / Entities:
us’kuy dkseksfMVh ,.M MsjhosfVOl ,Dlpsat fy- National Commodity & Derivatives Exchange Ltd.
10 #i;s izR;sd ds 1]00]00]000 ¼1]00]00]000½ 1,00,00,000 (1,00,00,000) 5% Cumulative Redeemable 10.00 10.00
5% lap;h fueksZpuh; fizQjsal 'ks;lZ, iw.kZ iznÙk Preference Shares of Rs.10 each, fully paid-up
10 #i;s izR;sd ds 45,00,000 (45,00,000) 45,00,000 (36,00,000) equity shares of Rs.10 each, 13.50 3.60
bfDoVh ’ks;j, iw.kZ iznÙk fully paid-up
<ÆÊb÷ªÉxÉ {ÉÉä]õÉ¶É fyfeVsM Indian Potash Limited 2.68 2.68
10 #i; s |ÉiªÉEä ò Eòä 48,60,000 (48,60,000) <ÎC´É]õÒú 48,60,000 (48,60,000) equity shares (including
¶ÉäªÉ® (21,80,000 ¤ÉÉäxÉºÉ ¶ÉäªÉ®ú ¶ÉÉÊ¨É±É Eò®úiÉä ½ÖþB), 21,80,000 bonus shares) of Rs.10 each, fully paid-up
iw.kZ iznÙk
us'kuy dksysVjy eSaustesaV lfoZlst fyfeVsM National Collateral Management Services Ltd. 4.00 4.00
10 #i; s iRz ;ds d s 40]00]000 ¼40]00]000½ bfDoVh 'k;s j] 40,00,000 (40,00,000) equity shares of Rs.10 each,
iw.kZ iznÙk fully paid-up
ÝhIys ,uthZ bafM;k fyfeVsM Freeplay Energy India Limited 4.83 4.83
10 :i;s izR;sd ds 7]88]333 ¼7]88]333½ 7,88,333 (7,88,333) equity shares of Rs.10 each,
bfDoVh 'ks;j] iw.kZ iznÙk fully paid-up
xzks eSDl ,xzh dkWiZ Grow Max Agri Corp 2.34 --
1 MkWyj izR;sd ds 5]00]000 ¼'kwU;½ bfDoVh 'ks;j] 5,00,000 (Nil) equity shares of US$ 1 each,
iw.kZ iznÙk fully paid-up
egkjk"Vª LVsV dksvkijsfVo cSad fyfeVsM Maharashtra State Cooperative Bank Limited 0.10 0.10
1,000 ¯û0 |ÉiªÉäEò Eäò 1,001¼1,001½ bfDoVh ¶ÉäªÉ®, 1,001 (1,001) equity shares of Rs.1,000 each,
iw.kZ iznÙk fully paid-up
dksvkijsfVo cSad vkWQ bafM;k fyfeVsM Cooperative Bank of India Limited 0.05 0.05
10]000 #i;s izR;sd ds 50 ¼50½ bfDoVh 'ks;j] 50 (50) equity shares of Rs.10,000 each, fully paid-up
iw.kZ iznÙk
bafM;u VwfjT+e dksvkijsfVo fyfeVsM Indian Tourism Cooperative Limited 0.01 0.01
5,000 20 (20) #- çR;ds d s bfDoVh 'k;s j] i.w k Z inz Ùk 20 (20) equity shares of Rs.5,000 each, fully paid-up
us'kuy fQYe ,aM Qkbu vkV~lZ dksvki- fy- National Film & Fine Arts Cooperative Limited 0.01 0.01
5,000 27 27#- çR;sd ds ¼ ½ bfDoVh 'ks;j] iw.kZ iznÙk 27 (27) equity shares (including 7 bonus shares) of
¼7 cksul 'ks;lZ 'kkfey djrs gq,½ Rs.5,000 each, fully paid-up
vfj;k dsfedYl ¼mM+hlk½ fyfeVsM Aria Chemicals (Orissa) Limited 0.45 0.45
10 :i; s iRz ;ds d s 4,50,000 ¼4,50,000) 4,50,000 (4,50,000) equity shares of Rs. 10 each,
bfDoVh 'ks;j] iw.kZ iznÙk fully paid-up7,533.70 7,552.95
?kVk;sa% fuos’k ds ewY; esa deh ds fy, izko/kku Less: Provision for diminution in value of Investments 2.42 --
;ksx TOTAL 7,531.28 7,552.95
99
çcaèku }kjk rS;kj] ewY;kafdr vkSj çekf.kr As taken, valued and certified by the Management
¼218.69 djksM+ #i;s ds ekxZLFk-eky lfgr Rs.218.69 crore,
¼xr o"kZ 637.56 djksM+ #i;s½ Previous Year Rs.637.56 crore)
dPpk eky Raw Materials 718.66 823.39
LVkslZ ,oa Lis;lZ Stores and Spares 259.58 290.21
ywt VwYt Loose Tools 1.96 2.03
jlk;u rFkk mRçsjd Chemicals and Catalysts 77.73 72.49
iSfdax lkexzh Packing Materials 30.50 37.49
fuekZ.k lkexzh Construction Materials 10.79 14.11
çfØ;kxr LVkWd Stock-in-Process 72.89 42.30
(¨ÉvªÉ =i{ÉÉnùÉå ºÉʽþiÉ) (including Intermediary Products)
rS;kj eky % Finished Goods :
Lo;a mRikfnr Own Manufactured 90.84 130.26
csps x;s mRikn Traded Products 39.30 130.14 449.34
;ksx TOTAL 1,302.25 1,731.36
(including Goods-in-Transit
319.08
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph ekylwfp;k¡
8 Schedule 8
Inventories
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
100
As at 31.3.2009 rd
As at 31.3.2010 rd
d½ N% ekg ls vfèkd le; ls cdk;k_.k & ¼vjf{kr½
i) vlafnXèk le>s x, i) Considered Good 0.01 0.41
ii) lafnXèk le>s x, ii) Considered Doubtful 0.35 0.36 0.01 0.42
[k½ vU; _.k&vjf{kr ¼vlafnXèk le>s x,½ b) Other Debts - Unsecured (Considered Good) 68.07 406.82
68.43 407.24
?kVk,a% lafnXèk _.kksa ds fy, çkoèkku Less : Provision for Doubtful Debts 0.35 0.01
;ksx TOTAL 68.08 407.23
a) Debts outstanding for a period
exceeding six months-Unsecured
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 9fofoèk nsunkjh
Schedule 9
Sundry Debtors
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 10
udnh rFkk cSadksa esa 'ks"kSchedule 10Cash and Bank Balances
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
ikl esa udnh
ikl esa pSd Cheques-in-Hand 20.46 24.95
ekxZLFk-jkf'k Remittance-in-Transit 34.19 19.83
vuqlwfpr cSadksa esa Balances with Scheduled Banks
pkyw [kkrksa esa 'ks"k in Current Accounts 1,020.36 24.58
;ksx TOTAL 1,075.31 69.63
Cash-in-Hand 0.30 0.27
101
As at 31.3.2009 rd
As at 31.3.2009 rd
As at 31.3.2010 rd
As at 31.3.2010 rd
çcaèku }kjk rS;kj] ewY;kafdr vkSj çekf.kr As taken, valued and certified by the Management
¼218.69 djksM+ #i;s ds ekxZLFk-eky lfgr Rs.218.69 crore,
¼xr o"kZ 637.56 djksM+ #i;s½ Previous Year Rs.637.56 crore)
dPpk eky Raw Materials 718.66 823.39
LVkslZ ,oa Lis;lZ Stores and Spares 259.58 290.21
ywt VwYt Loose Tools 1.96 2.03
jlk;u rFkk mRçsjd Chemicals and Catalysts 77.73 72.49
iSfdax lkexzh Packing Materials 30.50 37.49
fuekZ.k lkexzh Construction Materials 10.79 14.11
çfØ;kxr LVkWd Stock-in-Process 72.89 42.30
(¨ÉvªÉ =i{ÉÉnùÉå ºÉʽþiÉ) (including Intermediary Products)
rS;kj eky % Finished Goods :
Lo;a mRikfnr Own Manufactured 90.84 130.26
csps x;s mRikn Traded Products 39.30 130.14 449.34
;ksx TOTAL 1,302.25 1,731.36
(including Goods-in-Transit
319.08
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph ekylwfp;k¡
8 Schedule 8
Inventories
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
100
As at 31.3.2009 rd
As at 31.3.2010 rd
d½ N% ekg ls vfèkd le; ls cdk;k_.k & ¼vjf{kr½
i) vlafnXèk le>s x, i) Considered Good 0.01 0.41
ii) lafnXèk le>s x, ii) Considered Doubtful 0.35 0.36 0.01 0.42
[k½ vU; _.k&vjf{kr ¼vlafnXèk le>s x,½ b) Other Debts - Unsecured (Considered Good) 68.07 406.82
68.43 407.24
?kVk,a% lafnXèk _.kksa ds fy, çkoèkku Less : Provision for Doubtful Debts 0.35 0.01
;ksx TOTAL 68.08 407.23
a) Debts outstanding for a period
exceeding six months-Unsecured
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 9fofoèk nsunkjh
Schedule 9
Sundry Debtors
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 10
udnh rFkk cSadksa esa 'ks"kSchedule 10Cash and Bank Balances
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
ikl esa udnh
ikl esa pSd Cheques-in-Hand 20.46 24.95
ekxZLFk-jkf'k Remittance-in-Transit 34.19 19.83
vuqlwfpr cSadksa esa Balances with Scheduled Banks
pkyw [kkrksa esa 'ks"k in Current Accounts 1,020.36 24.58
;ksx TOTAL 1,075.31 69.63
Cash-in-Hand 0.30 0.27
101
As at 31.3.2009 rd
As at 31.3.2009 rd
As at 31.3.2010 rd
As at 31.3.2010 rd
¼vlafnXèk le>h xbZ vjf{kr] (Unsecured, considered good
c'krsZ fd vU;Fkk mYys[k u gks½ unless otherwise stated)
lgk;d daifu;ksa@la;qDr m|eksa@vU; Loans to Subsidiaries / Joint Ventures /
lEc) ikfVZ;ksa dks fn, x;s _.k Associates:
d½ vlafnXèk le>h xbZ % (a) Considered Good 143.83 156.19
[k½ lafnXèk le>h xbZ (b) Considered Doubtful 15.07 --
158.90 156.19
?kVk,a % lafnXèk nkoksa ds fy, çkoèkku Less : Provision for Doubtful Claims 15.07 143.83 -- 156.19
vfxze rFkk udn ;k oLrq :i esa ewY; Advances and other amounts recoverable in cash
ds :i esa çkIr gksus okyh vU; jkf'k;k¡ % or in kind or for value to be received :
jf{kr Secured 77.18 78.81
vjf{kr Unsecured 128.82 206.00 45.24 124.05
+ÊOÉ¨É Eò®ú (Eò®ú Eäò |ÉÉ´ÉvÉÉxÉ EòÉ ÊxɴɱÉ) Advance Tax (Net of Provision) 53.14 74.89
tekur rFkk vU; tek jkf'k;k¡ Security and Other Deposits 147.93 142.42
Hkkjr ljdkj ds moZjd ckaM~l ij izksn~Hkwr Interest accrued but not due on Government of
C;kt tks ns; ugha India Fertiliser Bonds 116.49 116.49
nkos rFkk olwyh ;ksX; vU; jkf'k;k¡ % Claims and Other Recoverables :
d½ vlafnXèk le>h xbZ % (a) Considered Good
i) Hkkjr ljdkj ls olwyh ;ksX; i) Subsidy / Concession from
vFkZ-lgk;rk @fj;k;r jkf'k Government of India 2,645.30 4,631.49
ii) vU; ii) Others 64.18 219.24
[k½ lafnXèk le>h xbZ (b) Considered Doubtful 3.60 2.10
2,713.08 4,852.83
?kVk,a % lafnXèk nkoksa ds fy, çkoèkku Less : Provision for Doubtful Claims 3.60 2,709.48 2.10 4,850.73
;ksx TOTAL 3,376.87 5,464.77
As at
31.3.2010 rd
As at
31.3.2009 rd
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 11
_.k o vfxzeSchedule 11
Loans and Advances
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
102
vuqlwph 12
pkyw ns;rk,aSchedule 12
Current Liabilities
Ê´ÉÊ´ÉvÉ ±ÉäxÉnùÉ®ú: Sundry Creditors :
ºÉɨÉOÉÒ, +É{ÉÚÌiɪÉÉÆ ´É lsokvksa ds fy, For Goods, Supplies and Services 1,497.86 2,447.66
+xªÉ näùªÉiÉÉBÆ: Other Liabilities :
ºÉÉÆÊ´ÉÊvÉEò näùªÉiÉÉBÆ Statutory Dues 35.16 26.36
¤ÉÖEò +Éä´É®úbÅ÷É}]õ Book Overdraft 10.05 9.59
+xªÉ Others 130.88 176.09 303.82 339.77
|ÉÉänÂù¦ÉÚiÉ ¤ªÉÉVÉ, fdUrqò _.kksa ij ns; ugha Interest accrued but not due on Loans 15.89 30.22
vÉ®úÉä½þ®ú ®úÉ榃 / VɨÉÉxÉiÉ ®úÉ榃 Earnest Money / Security Deposits 40.94 35.24
OÉɽþEòÉå ºÉä {Éä¶ÉÊMɪÉÉÆ Advances from Customers 68.62 7.29
ªÉÉäMÉ TOTAL 1,799.40 2,860.18
As at 31.3.2010 rd
As at 31.3.2010 rd
As at 31.3.2009 rd
As at 31.3.2009 rd
¼djksM+ #i;s esa½(Rs. in Crore)
çLrkfor ykHkka'k Proposed Dividend 85.18 85.10
nh?kkZof/kd deZpkjh ykHk Long Term Employee Benefits 300.25 231.40
lgdkjh f'k{kk fufèk Cooperative Education Fund 4.01 3.59
¦ÉÚ欃 eqvkotsÉEäò ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Land Compensation 2.78 2.62
;ksx TOTAL 392.22 322.71
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 13
izkoèkkuSchedule 13Provisions
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
103
¼vlafnXèk le>h xbZ vjf{kr] (Unsecured, considered good
c'krsZ fd vU;Fkk mYys[k u gks½ unless otherwise stated)
lgk;d daifu;ksa@la;qDr m|eksa@vU; Loans to Subsidiaries / Joint Ventures /
lEc) ikfVZ;ksa dks fn, x;s _.k Associates:
d½ vlafnXèk le>h xbZ % (a) Considered Good 143.83 156.19
[k½ lafnXèk le>h xbZ (b) Considered Doubtful 15.07 --
158.90 156.19
?kVk,a % lafnXèk nkoksa ds fy, çkoèkku Less : Provision for Doubtful Claims 15.07 143.83 -- 156.19
vfxze rFkk udn ;k oLrq :i esa ewY; Advances and other amounts recoverable in cash
ds :i esa çkIr gksus okyh vU; jkf'k;k¡ % or in kind or for value to be received :
jf{kr Secured 77.18 78.81
vjf{kr Unsecured 128.82 206.00 45.24 124.05
+ÊOÉ¨É Eò®ú (Eò®ú Eäò |ÉÉ´ÉvÉÉxÉ EòÉ ÊxɴɱÉ) Advance Tax (Net of Provision) 53.14 74.89
tekur rFkk vU; tek jkf'k;k¡ Security and Other Deposits 147.93 142.42
Hkkjr ljdkj ds moZjd ckaM~l ij izksn~Hkwr Interest accrued but not due on Government of
C;kt tks ns; ugha India Fertiliser Bonds 116.49 116.49
nkos rFkk olwyh ;ksX; vU; jkf'k;k¡ % Claims and Other Recoverables :
d½ vlafnXèk le>h xbZ % (a) Considered Good
i) Hkkjr ljdkj ls olwyh ;ksX; i) Subsidy / Concession from
vFkZ-lgk;rk @fj;k;r jkf'k Government of India 2,645.30 4,631.49
ii) vU; ii) Others 64.18 219.24
[k½ lafnXèk le>h xbZ (b) Considered Doubtful 3.60 2.10
2,713.08 4,852.83
?kVk,a % lafnXèk nkoksa ds fy, çkoèkku Less : Provision for Doubtful Claims 3.60 2,709.48 2.10 4,850.73
;ksx TOTAL 3,376.87 5,464.77
As at
31.3.2010 rd
As at
31.3.2009 rd
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 11
_.k o vfxzeSchedule 11
Loans and Advances
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
102
vuqlwph 12
pkyw ns;rk,aSchedule 12
Current Liabilities
Ê´ÉÊ´ÉvÉ ±ÉäxÉnùÉ®ú: Sundry Creditors :
ºÉɨÉOÉÒ, +É{ÉÚÌiɪÉÉÆ ´É lsokvksa ds fy, For Goods, Supplies and Services 1,497.86 2,447.66
+xªÉ näùªÉiÉÉBÆ: Other Liabilities :
ºÉÉÆÊ´ÉÊvÉEò näùªÉiÉÉBÆ Statutory Dues 35.16 26.36
¤ÉÖEò +Éä´É®úbÅ÷É}]õ Book Overdraft 10.05 9.59
+xªÉ Others 130.88 176.09 303.82 339.77
|ÉÉänÂù¦ÉÚiÉ ¤ªÉÉVÉ, fdUrqò _.kksa ij ns; ugha Interest accrued but not due on Loans 15.89 30.22
vÉ®úÉä½þ®ú ®úÉ榃 / VɨÉÉxÉiÉ ®úÉ榃 Earnest Money / Security Deposits 40.94 35.24
OÉɽþEòÉå ºÉä {Éä¶ÉÊMɪÉÉÆ Advances from Customers 68.62 7.29
ªÉÉäMÉ TOTAL 1,799.40 2,860.18
As at 31.3.2010 rd
As at 31.3.2010 rd
As at 31.3.2009 rd
As at 31.3.2009 rd
¼djksM+ #i;s esa½(Rs. in Crore)
çLrkfor ykHkka'k Proposed Dividend 85.18 85.10
nh?kkZof/kd deZpkjh ykHk Long Term Employee Benefits 300.25 231.40
lgdkjh f'k{kk fufèk Cooperative Education Fund 4.01 3.59
¦ÉÚ欃 eqvkotsÉEäò ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Land Compensation 2.78 2.62
;ksx TOTAL 392.22 322.71
¼djksM+ #i;s esa½(Rs. in Crore)
vuqlwph 13
izkoèkkuSchedule 13Provisions
Schedules Annexed to and Forming Part of Balance Sheet as at 31st March, 2010
103
¤ªÉÉVÉ: Interest :
VɨÉÉ ®úÉʶɪÉÉa Deposits 1.06 0.89
OÉɽþEòÉå ºÉä Customers 0.02 0.07
Eò¨ÉÇSÉÉÊ®úªÉÉå ºÉää Employees 3.04 2.97
moZjd ckaM Fertiliser Bonds 442.16 145.30
+xªÉ Others 4.50 450.78 16.78 166.01
±ÉɦÉÉÆ¶É (nùÒPÉÉÇ´ÉÊvÉEò ÊxÉ´Éä¶É) Dividend (Long Term Investments)
lgk;d dEifu;ka Subsidiaries 51.80 27.81
vU; Others 145.09 196.89 246.61 274.42
ÊEò®úɪÉs ls vk; Rental Income 15.37 15.13
|ÉÉ{iÉ nùÉ´Éä Claims Received 18.15 5.93
näùxÉnùÉÊ®úªÉÉå@izko/kkuksa EòÉä ʽþºÉÉ¤É ¨Éå okfil ±ÉäxÉÉ Liabilities / Provisions written back 7.73 3.88
ºlÉÉ<Ç {ÉÊ®úºÉ¨{ÉÊkɪÉÉå EòÒ Ê¤ÉGòÒ ºÉä ±ÉÉ¦É Profit on sale of Fixed Assets 0.38 0.28
eqnzk fofue; nj esa ?kVk&c<+h ¼fuoy½* Exchange Rate Variations (Net)* 105.27 --
+xªÉ +ÉªÉ Other Income 46.98 33.35
ªÉÉäMÉ TOTAL 841.55 499.00
* vuqlwph 20] fVIi.kh 8 ¼i½ dk lanHkZ ysa* Refer Schedule 20, Note 8 (i)
Year Ended 31.3.2010
dks lekIr o"kZ esa
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2010
dks lekIr o"kZ esa
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ esa
Year Ended 31.3.2009
dks lekIr o"kZ esa
vuqlwph 14
vU; jktLoSchedule 14
Other Revenue
vuqlwph 15
LVkWd esa o`f)@¼deh½
Schedule 15
Increase/(Decrease) in Stocks
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
bfr LVkd % Closing Stock :
rS;kj eky Finished goods
çfØ;kxr LVkd Stock-in-process
(¨ÉvªÉ =i{ÉÉnùÉå ºÉʽþiÉ) (including Intermediary Products) 72.89 203.03 42.30 491.64
vFk LVkd % Opening Stock :
rS;kj eky Finished goods 449.34 174.24
çfØ;kxr LVkd Stock-in-process
(¨ÉvªÉ =i{ÉÉnùÉå ºÉʽþiÉ) (including Intermediary Products) 42.30 491.64 36.89 211.13
fuoy o`f) @ ¼deh½ Net Increase / (Decrease) (288.61) 280.51
130.14 449.34
104
osru] HkÙks] etnwjh rFkk cksul Salaries, Allowances, Wages and Bonus 567.38 513.43
Hkfo"; fufèk rFkk vU; fufèk;ksa Contribution to Provident Fund
esa va'knku and Other Funds 39.66 27.28
minku rFkk vU; ykHkdkjh Contribution towards Gratuity
;kstukvksa esa va'knku and Other Benefit Schemes 53.84 20.09
fpfdRlk O;; Medical Expenses 16.76 15.69
vU; dY;k.k O;; Other Welfare Expenses 24.48 19.47
;ksx TOTAL 702.12 595.96
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
vuqlwph 16
deZpkfj;kas dk ikfjJfed rFkk fgr&ykHkSchedule 16Employees' Remuneration and Benefits
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
105
¤ªÉÉVÉ: Interest :
VɨÉÉ ®úÉʶɪÉÉa Deposits 1.06 0.89
OÉɽþEòÉå ºÉä Customers 0.02 0.07
Eò¨ÉÇSÉÉÊ®úªÉÉå ºÉää Employees 3.04 2.97
moZjd ckaM Fertiliser Bonds 442.16 145.30
+xªÉ Others 4.50 450.78 16.78 166.01
±ÉɦÉÉÆ¶É (nùÒPÉÉÇ´ÉÊvÉEò ÊxÉ´Éä¶É) Dividend (Long Term Investments)
lgk;d dEifu;ka Subsidiaries 51.80 27.81
vU; Others 145.09 196.89 246.61 274.42
ÊEò®úɪÉs ls vk; Rental Income 15.37 15.13
|ÉÉ{iÉ nùÉ´Éä Claims Received 18.15 5.93
näùxÉnùÉÊ®úªÉÉå@izko/kkuksa EòÉä ʽþºÉÉ¤É ¨Éå okfil ±ÉäxÉÉ Liabilities / Provisions written back 7.73 3.88
ºlÉÉ<Ç {ÉÊ®úºÉ¨{ÉÊkɪÉÉå EòÒ Ê¤ÉGòÒ ºÉä ±ÉÉ¦É Profit on sale of Fixed Assets 0.38 0.28
eqnzk fofue; nj esa ?kVk&c<+h ¼fuoy½* Exchange Rate Variations (Net)* 105.27 --
+xªÉ +ÉªÉ Other Income 46.98 33.35
ªÉÉäMÉ TOTAL 841.55 499.00
* vuqlwph 20] fVIi.kh 8 ¼i½ dk lanHkZ ysa* Refer Schedule 20, Note 8 (i)
Year Ended 31.3.2010
dks lekIr o"kZ esa
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2010
dks lekIr o"kZ esa
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ esa
Year Ended 31.3.2009
dks lekIr o"kZ esa
vuqlwph 14
vU; jktLoSchedule 14
Other Revenue
vuqlwph 15
LVkWd esa o`f)@¼deh½
Schedule 15
Increase/(Decrease) in Stocks
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
bfr LVkd % Closing Stock :
rS;kj eky Finished goods
çfØ;kxr LVkd Stock-in-process
(¨ÉvªÉ =i{ÉÉnùÉå ºÉʽþiÉ) (including Intermediary Products) 72.89 203.03 42.30 491.64
vFk LVkd % Opening Stock :
rS;kj eky Finished goods 449.34 174.24
çfØ;kxr LVkd Stock-in-process
(¨ÉvªÉ =i{ÉÉnùÉå ºÉʽþiÉ) (including Intermediary Products) 42.30 491.64 36.89 211.13
fuoy o`f) @ ¼deh½ Net Increase / (Decrease) (288.61) 280.51
130.14 449.34
104
osru] HkÙks] etnwjh rFkk cksul Salaries, Allowances, Wages and Bonus 567.38 513.43
Hkfo"; fufèk rFkk vU; fufèk;ksa Contribution to Provident Fund
esa va'knku and Other Funds 39.66 27.28
minku rFkk vU; ykHkdkjh Contribution towards Gratuity
;kstukvksa esa va'knku and Other Benefit Schemes 53.84 20.09
fpfdRlk O;; Medical Expenses 16.76 15.69
vU; dY;k.k O;; Other Welfare Expenses 24.48 19.47
;ksx TOTAL 702.12 595.96
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
vuqlwph 16
deZpkfj;kas dk ikfjJfed rFkk fgr&ykHkSchedule 16Employees' Remuneration and Benefits
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
105
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
¨É®ú¨¨ÉiÉ iÉlÉÉ ®úJÉ-®úJÉÉ´É : Repairs and Maintenance :
¦É´ÉxÉ Buildings 26.37 23.05
ºÉƪÉÆjÉ,¨É¶ÉÒxÉ®úÒ iÉlÉÉ +xªÉ ={ɺEò®ú Plant, Machinery and Other Equipments 64.56 58.98
+xªÉ Others 12.62 103.55 17.33 99.36
ywt VwYl dh [kir Consumption of Loose Tools 1.06 0.89
ʤÉVɱÉÒ +Éè® {ÉÉxÉÒ |ɦÉÉ® Electricity and Water Charges 7.44 6.92
ªÉÉjÉÉ ´ªÉªÉ : Travelling Expenses :
ÊxÉnäù¶ÉEòMÉhÉ Directors 3.23 2.30
+xªÉ Others 16.40 19.63 17.12 19.42
LFkkuh; ;k=k O;; Local Conveyance Expenses 27.36 16.50
¨ÉÖpùhÉ iÉlÉÉ ±ÉäJÉxÉ-ºÉɨÉOÉÒ Printing and Stationery 2.74 2.81
ÊEò®úɪÉÉ ´É Eò® vkfnú Rent, Rates and Taxes 8.69 7.70
ºÉÆSÉÉ®ú ´ªÉªÉ Communication Expenses 5.75 6.22
¤ÉÒ¨ÉÉ Insurance 39.92 36.57
|ÉSÉÉ®ú B´ÉÆ Ê¤ÉGòÒ ºÉÆ´ÉvÉÇxÉ Publicity and Sales Promotion 41.95 45.46
HkkM+k] lkt-lEHkky vkSj Hk.Mkj.k Freight, Handling and Storage 830.97 661.13
ÊxÉnäù¶ÉEòÉå E É ¶ÉÖ±Eò Directors’ Fee 0.49 0.30
´ÉɽþxÉ ÊEò®úɪÉÉ, SÉɱÉxÉ iÉlÉÉ ®úJÉ-®úJÉÉ´É Vehicle Hire, Running and Maintenance 14.92 15.11
¤ÉÉMÉ´ÉÉxÉÒ O;; Horticulture Expenses 6.07 4.50
ºÉÆ®úIÉÉ ´ªÉªÉ Security Expenses 14.99 12.83
GòªÉ/EòÉ®úÉä¤ÉÉ®ú Eò®ú Purchase / Turnover Tax -- 0.55
Ê´ÉÊvÉEò iÉlÉÉ |ÉÉä¡äò¶ÉxÉ±É |ɦÉÉ®ú Legal and Professional Charges 6.08 8.00
¤ÉéEò B´ÉÆ Ê´ÉkÉ |ɦÉÉ®ú Bank and Finance Charges 36.56 28.77
+xÉÖºÉÆvÉÉxÉ +Éè® Ê´ÉEòÉºÉ ´ªÉªÉ Research and Development Expenditure 0.45 1.18
{kfrxzLr lkeku ij gqbZ gkfu Loss on Damaged Goods -- 17.60
ekxZLFk lkeku ds ewY; esa jkbV Mkmu Write down in value of Goods-in-Transit -- 107.68
|ɦÉÉÊ®úiÉ/ºÉ¨ÉɪÉÉäÊVÉiÉ EòÒ MÉ<Ç ®úÉʶɪÉÉÆ Amounts charged off / adjusted 0.08 0.04
+SÉ±É {ÉÊ®úºÉ¨{ÉÊkɪÉÉå Eäò ÊxÉ{É]õÉxÉ ºÉä ½Öþ<Ç ½þÉÊxÉ Loss on Disposal/Held for Disposal of Fixed Assets 28.48 4.57
fjVu vkWQ +SÉ±É {ÉÊ®úºÉ¨{ÉÊkɪÉÉÆ Fixed Assets Written off 0.81 13.41
Hkkjr ljdkj d s mojZ d ckMa dh fcØh ij gkfu ¼fuoy½ Loss on Sale of Government of India Fertiliser Bonds (Net) -- 83.16
nh?kkoZ f/kd fuo's kk as d s eYw ; e as gbq Z deh d s fy, ikz o/kku Provision for Diminution in value of Long Term Investments 2.42 --
cV~Vs ][kkrs Mkys x;s nh?kkZof/k fuos’k Write-off of Long Term Investments 38.89 81.16
b÷¤Ú É ä ½þBÖ iÉlÉÉ ºÉÊÆ nùMvÉ @ñhÉ/+ÊOɨÉÉ/å nkok a s Eòä ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Bad and Doubtful Debts / Loans and Advances / Claims 18.16 0.09
eqnzk fofue; nj esa ?kVk&c<+h ¼fuoy½* Exchange Rate Variations (Net)* -- 148.84
Ê´ÉÊ´ÉvÉ JÉSÉÇ Miscellaneous Expenses 52.14 51.14
ªÉÉäMÉ TOTAL 1,309.60 1,481.91
* vuqlwph 20] fVIi.kh 8 ¼i½ dk lanHkZ ysa* Refer Schedule 20, Note 8 (i)
vuqlwph 17
fofuekZ.k] iz'kkluforj.k rFkk vU; O;;
Schedule 17Manufacturing, Administration,Distribution and Other Expenses
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
106
vkof/kd _.kksa ij On Term Loans 104.02 114.79
dS'k ØsfMV ,oa vYikofèkd _.kksa ij % On Cash Credit and Short Term Loans :
cSad Banks 624.82 896.97
vU; Others 36.14 660.96 11.44 908.41
;ksx TOTAL 764.98 1,023.20
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
vuqlwph 18
C;ktSchedule 18
Interest
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
vk; % Income :
vU; Others 1.38 16.70
O;; % Expenditure :
depZ kfj;k as dk ikfjJfed rFkk fgr-ykHk Employees' Remuneration and Benefits -- 0.04
ewY;gkz l ¼fuoy½ Depreciation (Net) 24.00 (0.12)
vU; Others 6.20 30.20 3.32 3.24
xrkofèk lek;kstu ¼fuoy½ Prior Period Adjustments (Net) 28.82 (13.46)
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
vuqlwph 19
xrkofèk lek;kstu ¼fuoy½Schedule 19
Prior Period Adjustments (Net)
107
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
¨É®ú¨¨ÉiÉ iÉlÉÉ ®úJÉ-®úJÉÉ´É : Repairs and Maintenance :
¦É´ÉxÉ Buildings 26.37 23.05
ºÉƪÉÆjÉ,¨É¶ÉÒxÉ®úÒ iÉlÉÉ +xªÉ ={ɺEò®ú Plant, Machinery and Other Equipments 64.56 58.98
+xªÉ Others 12.62 103.55 17.33 99.36
ywt VwYl dh [kir Consumption of Loose Tools 1.06 0.89
ʤÉVɱÉÒ +Éè® {ÉÉxÉÒ |ɦÉÉ® Electricity and Water Charges 7.44 6.92
ªÉÉjÉÉ ´ªÉªÉ : Travelling Expenses :
ÊxÉnäù¶ÉEòMÉhÉ Directors 3.23 2.30
+xªÉ Others 16.40 19.63 17.12 19.42
LFkkuh; ;k=k O;; Local Conveyance Expenses 27.36 16.50
¨ÉÖpùhÉ iÉlÉÉ ±ÉäJÉxÉ-ºÉɨÉOÉÒ Printing and Stationery 2.74 2.81
ÊEò®úɪÉÉ ´É Eò® vkfnú Rent, Rates and Taxes 8.69 7.70
ºÉÆSÉÉ®ú ´ªÉªÉ Communication Expenses 5.75 6.22
¤ÉÒ¨ÉÉ Insurance 39.92 36.57
|ÉSÉÉ®ú B´ÉÆ Ê¤ÉGòÒ ºÉÆ´ÉvÉÇxÉ Publicity and Sales Promotion 41.95 45.46
HkkM+k] lkt-lEHkky vkSj Hk.Mkj.k Freight, Handling and Storage 830.97 661.13
ÊxÉnäù¶ÉEòÉå E É ¶ÉÖ±Eò Directors’ Fee 0.49 0.30
´ÉɽþxÉ ÊEò®úɪÉÉ, SÉɱÉxÉ iÉlÉÉ ®úJÉ-®úJÉÉ´É Vehicle Hire, Running and Maintenance 14.92 15.11
¤ÉÉMÉ´ÉÉxÉÒ O;; Horticulture Expenses 6.07 4.50
ºÉÆ®úIÉÉ ´ªÉªÉ Security Expenses 14.99 12.83
GòªÉ/EòÉ®úÉä¤ÉÉ®ú Eò®ú Purchase / Turnover Tax -- 0.55
Ê´ÉÊvÉEò iÉlÉÉ |ÉÉä¡äò¶ÉxÉ±É |ɦÉÉ®ú Legal and Professional Charges 6.08 8.00
¤ÉéEò B´ÉÆ Ê´ÉkÉ |ɦÉÉ®ú Bank and Finance Charges 36.56 28.77
+xÉÖºÉÆvÉÉxÉ +Éè® Ê´ÉEòÉºÉ ´ªÉªÉ Research and Development Expenditure 0.45 1.18
{kfrxzLr lkeku ij gqbZ gkfu Loss on Damaged Goods -- 17.60
ekxZLFk lkeku ds ewY; esa jkbV Mkmu Write down in value of Goods-in-Transit -- 107.68
|ɦÉÉÊ®úiÉ/ºÉ¨ÉɪÉÉäÊVÉiÉ EòÒ MÉ<Ç ®úÉʶɪÉÉÆ Amounts charged off / adjusted 0.08 0.04
+SÉ±É {ÉÊ®úºÉ¨{ÉÊkɪÉÉå Eäò ÊxÉ{É]õÉxÉ ºÉä ½Öþ<Ç ½þÉÊxÉ Loss on Disposal/Held for Disposal of Fixed Assets 28.48 4.57
fjVu vkWQ +SÉ±É {ÉÊ®úºÉ¨{ÉÊkɪÉÉÆ Fixed Assets Written off 0.81 13.41
Hkkjr ljdkj d s mojZ d ckMa dh fcØh ij gkfu ¼fuoy½ Loss on Sale of Government of India Fertiliser Bonds (Net) -- 83.16
nh?kkoZ f/kd fuo's kk as d s eYw ; e as gbq Z deh d s fy, ikz o/kku Provision for Diminution in value of Long Term Investments 2.42 --
cV~Vs ][kkrs Mkys x;s nh?kkZof/k fuos’k Write-off of Long Term Investments 38.89 81.16
b÷¤Ú É ä ½þBÖ iÉlÉÉ ºÉÊÆ nùMvÉ @ñhÉ/+ÊOɨÉÉ/å nkok a s Eòä ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Bad and Doubtful Debts / Loans and Advances / Claims 18.16 0.09
eqnzk fofue; nj esa ?kVk&c<+h ¼fuoy½* Exchange Rate Variations (Net)* -- 148.84
Ê´ÉÊ´ÉvÉ JÉSÉÇ Miscellaneous Expenses 52.14 51.14
ªÉÉäMÉ TOTAL 1,309.60 1,481.91
* vuqlwph 20] fVIi.kh 8 ¼i½ dk lanHkZ ysa* Refer Schedule 20, Note 8 (i)
vuqlwph 17
fofuekZ.k] iz'kkluforj.k rFkk vU; O;;
Schedule 17Manufacturing, Administration,Distribution and Other Expenses
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
106
vkof/kd _.kksa ij On Term Loans 104.02 114.79
dS'k ØsfMV ,oa vYikofèkd _.kksa ij % On Cash Credit and Short Term Loans :
cSad Banks 624.82 896.97
vU; Others 36.14 660.96 11.44 908.41
;ksx TOTAL 764.98 1,023.20
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
vuqlwph 18
C;ktSchedule 18
Interest
Schedules Annexed to and Forming Part of Profit and Loss Account for year ended 31st March, 2010
vk; % Income :
vU; Others 1.38 16.70
O;; % Expenditure :
depZ kfj;k as dk ikfjJfed rFkk fgr-ykHk Employees' Remuneration and Benefits -- 0.04
ewY;gkz l ¼fuoy½ Depreciation (Net) 24.00 (0.12)
vU; Others 6.20 30.20 3.32 3.24
xrkofèk lek;kstu ¼fuoy½ Prior Period Adjustments (Net) 28.82 (13.46)
Year Ended 31.3.2010
dks lekIr o"kZ
¼djksM+ #i;s esa½(Rs. in Crore)
Year Ended 31.3.2009
dks lekIr o"kZ
vuqlwph 19
xrkofèk lek;kstu ¼fuoy½Schedule 19
Prior Period Adjustments (Net)
107
108
Schedule 20Notes Forming Part of theAccounts as at 31st March, 2010
1. Capital Commitments
Estimated value of contracts (Net of advances) to be executed oncapital account and not provided for amounts to Rs.436.63 crore(Previous Year Rs.442.70 crore).
2. Contingent Liabilities
a) Contingent liabilities at the year end Rs.233.63 crore (Previous YearRs.228.28 crore) as given below:
(Rs. in Crore)
As at As at31.03.2010 31.03.2009
i) Performance Guarantees includingLetters of Credit issueda) In respect of Joint
Ventures/Subsidiaries 142.52 162.16b) Others 13.00 6.54
ii) Claims against Society/DisputedLiabilities not acknowledged as Debt 18.84 25.08
iii)Claims against Demand Noticesissued by Income Tax, Customs,Excise and Sales Tax Authorities 50.13 25.85
iv)Others 9.14 8.65
Total: 233.63 228.28
b) Pursuant to order pronounced by the Hon'ble High Court in the matterof entry tax and as advised, the Society has not provided for entrytax amounting to Rs.24.53 crore upto 31.3.2010, (Previous YearRs.15.81 crore) in respect of Paradeep Unit. Pending disposal ofmatter by the Hon'ble Supreme Court, entry tax paid / provided bythe Unit for earlier years has not been considered for write-back.
3. Fixed Assets
i) Include Building costing Rs.0.85 crore (Previous Year Rs.0.72crore) and land measuring 169 acres (Previous Year 169 acres)at Phulpur and Kalol, leased to Cooperative Rural DevelopmentTrust (CORDET) up to April 27, 2039 at an annual lease rent ofRe.1/-.
ii) Land acquired includes Freehold Land Rs.1.97 crore (PreviousYear Rs.4.59 crore), Leasehold Land Rs.0.61 crore (Previous YearRs.0.61 crore), and Building includes Leasehold Office BuildingRs. Nil (Previous Year Rs.0.45 crore), which are pendingregistration / transfer in the name of the Society.
iii)Capital Work-in-Progress includes Rs.43.45 crore (Previous YearRs.34.22 crore) towards advances paid to vendors / suppliers.
iv)The compensation for the land acquired at Nellore has been paidas determined by the State Government / Local Authorities.Additional compensation, if any, payable to erstwhile Land Ownerswill be accounted for on intimation from the State Government /Local Authorities.
v) The capitalization of Land measuring 291.80 acres (Previous Year291.80 acres) out of total Land measuring 1,273 acres (PreviousYear 1,273 acres) belonging to Aonla Unit has been taken on thebasis of judgement passed by the Addl. District Judge (IV), Bareilly.However, the Society has preferred an appeal in Hon'ble HighCourt, Allahabad against compensation determined by theAdditional District Judge (IV), Bareilly.
vi)The renewal of Lease Agreement in respect of land for the plantat Kandla Unit is pending for approval with Kandla Port Trust.Pending renewal of Lease Agreement, provision for liability towardslease rent has been made on an estimated basis.
vuqlwph 20fVIif.k;ka] Tk® 31 ekpZ] 2010Rkd ds ys[kkvksa dk “kx gSaA
1- iwaTkhxRk ÁfRkc)Rkk,a
iwaTkhxRk [kkrksa ij fu"ikfnRk fd;s Tkkus okys vuqcaèkksa dk vuqekfuRk ewY;]¼vfxzeksa dk fuoy½ fTkldk Ákoèkku ugÈ fd;k x;k gS] 436-63 djksM+ #i;s¼xRk o"kZ 442-70 djksM+ #i;s½ A
2- Áklafxd ns;Rkk,a
d½ bl o"kZ dh lekfIRk ij Áklafxd ns;Rkk,a 233-63 djksM+ #i;s ¼xRk o"kZ228-28 djksM+ #i;s½ fTkudk fooj.k fuEu Ádkj gS %
¼djksM+++ #i;s esa½
31 ekpZ] 2010 Rkd 31 ekpZ] 2009 Rkd
i) dk;Zfu"iknu xkjafV;katkjh fd, x, lk[k i=ksa lfgr¼d½ la;qDRk m|eksa@lgk;d
daifu;ksa ds lacaËk esa 142.52 162.16¼[k½ vU; 13.00 6.54
ii) lfefRk ds fo:) nkos@fookfnRk ns;Rkk,afTkUgsa _.k ds :i esa Lohdkj ugÈ fd;k x;k gS 18.84 25.08
iii) vk;dj] lhek 'kqYd] mRikn dj v©j fcØh dj ÁkfËkdj.kksa }kjk Tkkjh fd;s x;s fMekaM u®fVlksa ds fo#) nkos 50.13 25.85
iv) vU; 9.14 8.65
;®x % 233.63 228.28
[k½ ekuuh; mPp U;k;ky; }kjk izos'k dj ds ckjs esa fn;s x;s vkns'k rFkk tSlk fdlfefr dks ijke'kZ fn;k x;k] lfefr us 31-3-2010 rd ikjknhi bdkbZ ds ekeysesa bl o"kZ esa izos'k dj ds fy, 24-53 djksM+ #i;s¼xr o"kZ 15-81 djksM+ #i;s½dh jkf'k dk izkoèkku ugha fd;k gSA ekuuh; loksZPp U;k;ky; }kjk ;g ekeykyfEcr j[ks tkus ds dkj.k bl bdkbZ }kjk iwoZ o"kkZsZa esa Hkqxrku@izkoèkku fd;s x;sizos'k dj dks jkbV&cSd djus ij fopkj ugha fd;k x;k gSA
3- vpy ifjlEifRr;ka
i) bu ifjlEifRr;ksa esa] Qwyiqj RkFkk dy®y bdkbZ dh 169 ,dM+ Hkwfe ¼xr o"kZ 169,dM+½ RkFkk Hkou] fTkudh vuqekfuRk ykxRk 0-85 djksM+ #i;s ¼xRk o"kZ 0-72 djksM+#i;s½ gS] 'kkfey gSa] Tk® iÍs ds vkèkkj ij lgdkjh xzkeh.k fodkl U;kl ¼d‚jMsV½d® 27 vÁSy] 2039 Rkd 1@&#i;k okf"kZd yht fdjk;s ij nh xbZ gSA
ii) vfèkxghRk Hkwfe esa 1-97 djksM+ #i;s ¼xRk o"kZ 4-59 djksM+ #i;s½ dh Ýh gksYM Hkwfe]0-61 djksM+ #i;s ¼xRk o"kZ 0-61 djksM+ #i;s½ dh yht gksYM Hkwfe vkSj Hkou esayht gksYM dk;kZy; Hkou #i;s 'kwU; ¼xRk o"kZ 0-45 djksM+ #i;s½ dh jkf'k'kkfey gS] fTkldk lfefRk ds uke esa [email protected] g®uk ckdh gS A
iii) iwaTkhxRk pkyw fuekZ.k dk;ksZa esas oSaMjksa@vkiwfRkZdRkkZvksa d® fn;s x;s 43-45djksM+ #i;s ¼xRk o"kZ 34-22 djksM+ #i;s½ ds vfxze 'kkfey gSa A
iv) uSYywj esa vfèkxghRk Hkwfe dk eqvkoTkk fTkldk fuèkkZj.k jkT; ljdkj@LFkkuh;Ákfèkdj.k us fd;k gS] dk HkqxRkku dj fn;k x;k gSA ;fn Hkwfe ds iwoZ ekfydksa d®fdlh vfRkfjDRk eqvkots dk HkqxRkku fd;k Tkkuk gksxk rks jkT; ljdkj@LFkkuh;Ákfèkdj.k ls lwpuk ÁkIRk g®us ds ckn mls [kkRkksa esa Mkyk Tkk,xk A
v) vkaoyk bdkbZ dh dqy Hkwfe 1273 ,dM+ ¼xr o"kZ 1273 ,dM+½ es a ls291-80 ,dM+ ¼xr o"kZ 291-80 ,dM+½ Hkwfe dk iwathdj.k vfrfjDrftykèkh'k (IV)] cjsyh }kjk fn, x, fu.kZ; ds vkèkkj ij fd;k x;kgSA rFkkfi] lfefRk us vfrfjDr ftykèkh'k (IV)] cjsyh }kjk fuèkkZfjreqvkots ds fo#) ekuuh; mPp U;k;ky;] bykgkckn esa vihy nkf[kydh gqbZ gS A
vi) dkaMyk bdkbZ ds la;a= dh Hkwfe dk yht djkj uohdj.k ds fy, dkaMyk iksVZ VªLVds vuqeksnu ds fy, yfEcr gS A yht djkj dk uohdj.k yfEcr gksus ds dkj.kyht fdjk;s ds lacaèk esa ns;rk dk izkoèkku vuqekfur vkèkkj ij fd;k x;k gS A
109
4. Investments
i) IFFCO had made an equity investment of Rs.38.89 crore in a JointVenture Company namely, Indo Egyptian Fertilizers Company SAE(IEFC) for setting up a Phosphoric Acid Project in Egypt.Consequential to certain legislative changes effected by theGovernment of Egypt, which resulted in the withdrawal of the PrivateFree Zone status to such Companies set up in Egypt and pendingreceipt of certain approvals, the Project was put on hold in May2007, deferring its financial closure. As a result of withdrawal ofthe Private Free Zone status and consequential Tax incentives,which the Project was previously entitled to, the Project was notconsidered viable. It was, therefore, decided to abandon the Projectand liquidate the Company. The Society has been advised by itslegal counsel that there would not be any additional liabilities arisingon this account against IEFC, which would need to be met by theSociety. The equity investment of Rs.38.89 crore made in IEFChas been written-off during the year, on account of the amount soinvested being irrecoverable.
ii) As on March 31, 2010, the Society holds Government of IndiaFertiliser Bonds amounting to Rs.6,638.95 crore (Previous YearRs.6,638.95 crore) bearing different rates of interest as per detailshereunder:
(Rs. in Crore)
As at As at31.03.2010 31.03.2009
7.00%, Fertiliser Companies,Government of IndiaSpecial Bonds, 2022 2,900.97 2900.97
6.20%, Fertiliser Companies,Government of IndiaSpecial Bonds, 2022 2,106.33 2106.33
6.65%, Fertiliser Companies,Government of IndiaSpecial Bonds, 2023 1,631.65 1631.65
Total 6,638.95 6638.95
5. Current Assets, Loans and Advances
i) Advances and other amounts recoverable in cash or in kind or forvalue to be received include:
(Rs. in Crore)
As at As at31.03.2010 31.03.2009
Due from Employees 102.82 98.87Prepaid Expenses 32.19 31.64
Total 135.01 130.51
ii) Security and Other Deposits include Payments against disputedliabilities:
(Rs. in Crore)
As at As at31.03.2010 31.03.2009
Sales Tax 11.97 5.01Land Compensation 0.90 0.90
Total 12.87 5.91
iii)Loans and Advances include an amount of:
(a) Rs.7.39 crore (Previous Year Rs.7.46 crore) outstanding onaccount of Cenvat Credit Receivable and Cenvat Credit Deferred.
(b) Rs.114.18 crore (Previous Year Rs.114.18 crore) deposited withIPCO / Government of Orissa for acquisition of additional land.
iv)In the opinion of the management, the value of Current Assets,Loans and Advances, on realization in the ordinary course ofbusiness, will not be less than the value at which these are statedin the Balance Sheet.
4- fuos'k
i) lfefr us felz esa ,d QkLQksfjd ,flM ifj;kstuk yxkus ds fy, *baMks bftfI'k;uQfVZykbtj daiuh* uked ,d la;qDr m|e daiuh esa 38-89 djksM+ #i;s dkfuos'k fd;k gqvk Fkk A felz ljdkj }kjk dqN dkuwuh ifjorZuksa dks ykxw djfn;k x;k gS ftlds ifj.kkeLo:Ik felz esa ,slh daifu;ksa dh LFkkiuk dks izkbosVQzh tksu dk LVsVl okil ys fy;k x;k gS rFkk dqN fo'ks"k vuqeksnuksa ds yfEcrgksus ds dkj.k ebZ 2007 esa bl ifj;kstuk dks yafcr dj fn;k x;k Fkk vkSj bldsfoRrh; Dykstj dks LFkfxr dj fn;k x;k A izkbosV Ýh tksu LVsV~l ds varxZrtks dj izksRlkgu feyus Fks] mUgsa okfil ys fy, tkus ds ckn ;g ifj;kstukQk;nsean ugha le>h xbZ A vr% ifj;kstuk dk dke cUn djus vkSj daiuh dksifj lekIr djus dk fu.kZ; fd;kA lfefr ds dkuwuh lykgdkj us ;g ijke'kZfn;k gS fd bl en ds rgr vkbZ bZ ,Q lh dh rjQ vkSj d®bZ vfrfjDr ns;rk,augÈ cusxh] ftudh HkjikbZ bQd® d® djuh iM+sA vkbZbZ,Qlh esa fd;s x,38-89 djksM+ #i;s ds fuos'k dks fjVu vkWQ dj fn;k x;k gS D;ksafd fuos'k dhxbZ ;g jkf'k olwyh ;ksX; ugha gS A
ii) 31 ekpZ] 2010 ds vuqlkj lfefr ds ikl 6638-95 djksM+ #i;s ¼xr o"kZ6638-95 djksM+ #i;s½ ds Hkkjr ljdkj moZjd ckaM Fks ftuij fuEu fooj.kds vuqlkj vyx&vyx C;kt njsa Fkha %
¼djksM+++ #i;s esa½
31 ekpZ] 2010 Rkd 31 ekpZ] 2009 Rkd
7-00 izfr'kr moZjd daifu;ka]Hkkjr ljdkjLis'ky ckaM] 2022 2,900.97 2900.97
6-20 izfr'kr moZjd daifu;ka]Hkkjr ljdkjLis'ky ckaM] 2022 2,106.33 2106.33
6-65 izfr'kr moZjd daifu;ka]Hkkjr ljdkjLis'ky ckaM] 2023 1,631.65 1631.65
;ksx % 6,638.95 6638.95
5- pkyw ifjlEifRr;ka] _.k o vfxze
i) udn ;k oLRkq :i esa ÁkIRk g®us okyh ;k olwyh ;®X; is'kfx;ka o vU;jkf'k;ka fuEu Ádkj gSa %&
¼djksM+++ #i;s esa½
31 ekpZ] 2010 Rkd 31 ekpZ] 2009 Rkd
deZpkfj;ksa ls ÁkI; 102.82 98.87
iwoZ&ÁnRr O;; 32.19 31.64
;ksx 135.01 130.51
ii) ÁfRkHkwfRk v©j vU; Tkek jkf'k;ka fTkuesa fookfnRk ns;Rkkvksa ds fy, fd;sx;s HkqxRkku 'kkfey gSa %&
¼djksM+++ #i;s esa½
31 ekpZ] 2010 Rkd 31 ekpZ] 2009 Rkd
fcØh dj 11.97 5.01
“wfe dk eqvkoTkk 0.90 0.90
;ksx 12.87 5.91
iii) _.k o vfxze esa fuEufyf[kr jkf'k 'kkfey gS %¼d½ izkI; lsuosV ØsfMV vkSj vkLFkfxr lsuosV ØsfMV ds cdk;k 7-39 djksM+
#i;s ¼xRk o"kZ 7-46 djksM+ #i;s½¼[k½ vkbZihlhvks@mM+hlk jkT; ljdkj ds ikl vfrfjDr Hkwfe ds vfèkxzg.k ds fy,
tek djk, x;s 114-18 djksM+ #i;s +¼xRk o"kZ 114-18 djksM+ #i;s½Aiv) Ácaèku dh jk; esa] O;kikj dh lkekU; ifjfLFkfRk;ksa esa pkyw ifjlEifRr;ksa]
_.kksa RkFkk vfxzeksa dh olwy g®us okyh jkf'k ml ewY; ls de ugÈ g®xhfTkldk mYys[k Rkqyu&i= esa fd;k x;k gS A
110
Schedule 20 (Contd.)
6. Profit and Loss Account
i) Employees' Remuneration and Benefits includes:
Remuneration to Managing Director and Functional Directors:
(Rs. in Crore)
Managing Director Functional DirectorsYear ended Year ended
31.3.2010 31.3.2009 31.3.2010 31.3.2009
Salaries, Allowances andContribution to Provident Fund 0.73 0.25 1.55 1.04
Gratuity 0.08 0.03 0.19 0.13
Perquisites and OtherWelfare Expenses 0.02 0.01 0.05 0.04
Total 0.83 0.29 1.79 1.21
ii) Salary Revision of the employees of the Society due w.e.f.01.01.2007 was finalised during the year. Pending finalisation ofSalary Revision Agreement, an amount of Rs.312.14 crore(including payment of Rs.117.14 crore already made) wasprovided on an estimated basis towards employees cost for theperiod from 01.01.2007 to 31.3.2009 in the accounts as on31.3.2009. An additional amount of Rs.48.90 crore being shortfallin the provision relating to preceding years has been providedduring the year.
iii) The Exchange Gain (Net) accounted for under the headconsumption of Raw Materials/ Purchase of Products for Re-sale is Rs.7.29 crore (Previous Year Loss (Net) Rs.242.02 crore)
iv) Borrowing cost amounting to Rs.7.08 crore (Previous YearRs.36.98 crore) in respect of Qualifying Assets has beencapitalised during the year.
v) The intangible assets are amortized as follows:
(a) Technical Know-how 10 years (Previous Year 10 years)(b) Licenses 10 years (Previous Year 10 years)
vi) Items of Stores and Spares which are slow or non-moving arevalued at estimated realisable value based on technicalestimates to reflect the impact of obsolescence or otherdiminution in value.
vii) Catalysts and Resins issued subsequent to Commissioningof the Plants are charged to revenue over their estimateduseful lives, as technically assessed. Such issues, prior tocommissioning, being attributable to construction of theproject, are treated as part of expenditure during constructionperiod.
viii) Depreciation on Fixed Assets taken over at Paradeep Unit hasbeen provided at the rates on straight line method based onuseful life of assets given below, as per technical evaluationapproved by the Management:
Plant and Machinery 14 Years (Previous Year 14 years)Building (Factory) 24 Years (Previous Year 24 years)Building (Others) 54 Years (Previous Year 54 years)
7. Subsidy from Government of India
i) Nitrogenous Fertilisers are under the Concession Scheme asnotified by Government of India (GOI) from time to time. Thesubsidy on Nitrogenous Fertilisers including Equated Freight forthe current period has been accounted for on the basis of NotifiedConcession Price, further adjusted for input price escalation / de-escalation, based on the norms prescribed or notified under thesaid scheme. On fixation of final Concession Price and EquatedFreight by the GOI, necessary adjustments, if any, will be made inthe accounts for the year in which, such price is fixed.
6- yk“&gkfu ys[kk
i) deZpkfj;ksa dk ikfjJfed RkFkk fgRk&ykHk esa 'kkfey gSa%
ÁcaËk funs'kd ,oa QaD'kuy funs'kdksa dk ikfjJfed%
¼djksM+++ #i;s esa½
ÁcaËk funs'kd QaD'kuy funs'kd31-3-2010 31-3-2009 31-3-2010 31-3-2009d® lekIRk o"kZ d® lekIRk o"kZ d® lekIRk o"kZ d® lekIRk o"kZ
osRku]“Rrs o“fo"; fufËk esa va'knku 0.73 0.25 1.55 1.04minku 0.08 0.03 0.19 0.13vuqyk“ RkFkk vU;dY;k.k dk;ks± ij O;; 0.02 0.01 0.05 0.04
;ksx 0.83 0.29 1.79 1.21
ii) lfefr ds deZpkfj;ksa dk osru la'kksËku 1-1-2007 ls gksuk Fkk ftls bl o"kZds nkSjku vafre :i ns fn;k x;kA osru la'kksèku djkj dks vafre :i nsusdk dk;Z yfEcr gksus ds dkj.k 1-1-2007 ls 31-3-2009 rd dh vofèk dsfy, 31-3-2009 rd ds [kkrksa esa deZpkjh ykxr ds fy, vuqekfur vkèkkjij 312-14 djksM+ #i;s ¼igys ls Hkqxrku dh xbZ 117-14 djksM+ #i;s dhjkf'k lfgr½ dk izkoèkku fd;k x;k FkkA xr o"kksZa ls lacafèkr bl izkoèkku esa48-90 djksM+ #i;s dh jkf'k de iM+ xbZ ftldk vfrfjDr izkoèkku bl o"kZds nkSjku fd;k x;k gSA
iii) fons'kh eqnzk ds fofue; ls gksus okys ykHk ¼fuoy½ ftls dPps eky dh[kir@iqu%fcØh ds fy, mRiknksa dh [kjhn 'kh"kZ ds varxZr [kkrksa esa Mkykx;k gS] 7-29 djksM+ #i;s gS¼xr o"kZ gkfu ¼fuoy½ 242-02 djksM+ #i;s½ A
iv) DokfyQkbZax ifjlEifRr;ksa ds lacaèk esa bl o"kZ ds n©jku 7-08 djksM+++ #i;s¼xRk o"kZ 36-98 djksM+++ #i;s½ dh jkf'k d® mËkkjksasa ij vkus okyh ykxRk esasiwaTkhÑRk fd;k x;k gSA
v) vewRkZ ifjlEifRr;ksa dk ifj'k®Ëku fuEu Ádkj ls fd;k x;k gS %¼d½ Rkduhdh Kku 10 o"kZ ¼xr o"kZ 10 o"kZ½¼[k½ ykblsal 10 o"kZ ¼xr o"kZ 10 o"kZ½
vi) LV®lZ o Lis;lZ dh Lyks ;k ukWu&ewfoax enksa dks rduhdh vuqekuksa dsvkËkkj ij vuqekfur olwyh ;ksX; ewY; ij ewY;kafdr fd;k x;k gSrkfd muds iqjkus gksus vFkok ewY; esa vU; fdlh deh ds izHkko dksn'kkZ;k tk ldsA
vii) la;a=ksa s dh deh'kfuax ds ifj.kkeLo:i tkjh dSVkfyLV vkSj jsftudks] rduhdh :i ls vkdfyr mudh vuqekfur mi;ksxh thoukofËkds vuqlkj jkTkLo esa izHkkfjr fd;k x;k gSA mu enksa dks ftUgsaifj;kstuk O;; ds :Ik esa ekuk x;k gSA la;a= ds pkyw gksus ls igysfuekZ.k ij gksus okys O;; dks fuekZ.kkËkhu vofËk ds nkSjku fy;kx;k gSA
viii) ikjknhi bdkbZ esa vfèkxzghr dh xbZ LFkk;h ifjlEifRr;ksa ij ewY;gzkldk izkoèkku ifjlEifRr;ksa dh mi;ksxh thoukofèk ds vkèkkj ij LVªsVykbueSFkM dh njksa ij fd;k x;k gS ftls izcaèku }kjk rduhdh ewY;kadu dsvuqlkj fuEu izdkj ls vuqeksfnr fd;k x;k gS %&
la;a= vkSj e'khujh 14 o"kZ ¼xr o"kZ 14 o"kZ½Hkou ¼QSDVªh½ 24 o"kZ ¼xr o"kZ 24 o"kZ½Hkou ¼vU;½ 54 o"kZ ¼xr o"kZ 54 o"kZ½
7- Hkkjr ljdkj ls vFkZlgk;rk
i) ukbZVªksthul moZjd Hkkjr ljdkj }kjk le;≤ ij ;Fkk vfËklwfprfj;k;r ;kstuk ds vUrxZr vkrs gSaA ukbZVªksthul moZjdksa ij vFkZlgk;rk dkfglkc] pkyw vofËk ds fy, bDosfVM HkkM+s lfgr] vfËklwfpr fj;k;r ewY; dsvkËkkj ij yxk;k x;k gSA ftls mDr ;kstuk ds vËkhu fuËkkZfjr ;k vfËklwfprekunaMksa ds vkËkkj ij vknku ewY;ksa dh of)@deh ds fy, vkxs lek;ksftrdj fn;k tkrk gSA Hkkjr ljdkj }kjk vafre fj;k;r ewY; vkSj bDosfVM HkkM+kfuËkkZfjr dj fn;s tkus ds ckn iwoZ o"kksaZ ds fy, lek;kstu] ;fn dksbZ gksaxs] mlo"kZ] ftlesa mDr ewY; fuËkkZfjr fd;k tk,xk] ds [kkrksa esa fd, tk,axsA
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
111
ii) Concession on Phosphatic Fertilizers has been accounted for basedon monthly concession rate as notified by Government of India.Pending notification of monthly concession rate applicable for theperiod July, 2009 to March, 2010, the same has been accountedfor on an estimated basis in line with the known policy parameters.
8. Foreign Exchange Transactions
i) Amount of exchange gain (net) credited to Profit and Loss Accountamounts to Rs.105.27 crore under Schedule-14 (Previous Yearloss(Net) Rs.148.84 crore under Schedule-17).
ii) Amount of foreign currency exposures that are not hedged byderivative instruments or otherwise as on 31.3.2010 is Rs.382.39crore (Previous Year Rs.1,712.70 crore).
9. Income Tax
i) Current Tax:The provision for the year's Tax liability has been made after takinginto consideration the benefit of deemed tax credit allowable underDouble Taxation Avoidance Agreement entered into with Sultanateof Oman.
ii) Deferred Tax:In accordance with Accounting Standard - 22 "Accounting forTaxes on Income", the Deferred Tax Assets (Net) Rs.25.35 crore(Previous Year Charge Rs.7.93 crore) has been shown as creditfor the current year.
Major elements of deferred tax liabilities / assets created for tax effectsof timing difference are as under:
(Rs. in Crore)As at As at
31.03.2010 31.03.2009
Deferred Tax Liability:(A)Depreciation 615.46 614.15
Deferred Tax Assets:(B)Provision for Employees'Retirement Benefits 92.78 71.35Provision for Doubtful Debts/Claims 5.88 0.65Others 0.02 0.03
Total 98.68 72.03
Deferred Tax Liability (Net): (A-B) 516.78 542.12
ii) QkLQsfVd moZjdksa ij fj;k;r dks Hkkjr ljdkj }kjk vfËklwfprekfld njksa ds vkËkkj ij yxk;k x;k gSA tqykbZ] 2009 ls ekpZ] 2010rd dh vofËk ds fy, ykxw ekfld fj;k;r njksa lacaËkh vfËklwpukyfEcr gksus ds dkj.k bldk fglkc Kkr uhfrxr ekunaMksa ds vuqlkjvuqekfur vkËkkj ij yxk;k x;k gSA
8- fons’kh eqnzk fofue;
i½ fons'kh eqnzk fofue; esa gq, 105-27 djksM+++ #i;s ds ykHk ¼fuoy½ dh jkf'k dksvuqlwph 14 ¼vuqlwph 17 esa xr o"kZ gq, 148-84 djksM+++ #i;s gkfu ¼fuoy½ dksykHk&gkfu [kkrs esa ls tek dj fn;k x;k gSA½
ii½ fons'kh eqnzk dh jkf'k ftldh MsfjosfVo baLVzweSaV~l ls ;k vU;Fkk gSftaxughaa dh xbZ] 31-3-2010 dks 382-39 djksM+++ #i;s ¼xr o"kZ 1712-70 djksM+++#i;s½ gSA
9- vk;dji) pkyw dj
bl o"kZ vk;dj ns;rk dk izkoèkku vkseku dh lYrur ds lkFk fd;s x;sMcy VsDlVs'ku ,okbMsaUl ,xzhesaV ¼MhVh,,½ ds vUrxZr feyus okys VSDlØsfMV ,ykmal ds ykHkksa dks è;ku esa j[krs gq, fd;k x;k gS !
ii) vkLFkfxRk dj
ys[kkadu ekud&22 ^^vk; ij djksa dk ys[kkadu** ds vuqlkj vkLFkfxrdj ifjlEifRr;ka ¼fuoy½ 25-35 djksM+ #i;s ¼xRk o"kZ 7-93 djksM+++#i;s½ dks pkyw o"kZ ds fy, ØsfMV ds :i esa n'kkZ;k x;k gSA
vyx&vyx le; vUrjkyksa ds fy, dj ds izHkkoksa ds vkdyu ds fy, l`fTkRkvkLFkfxRk dj ns;Rkkvksa@ ifjlEifRr;ksa ds izeq[k ?kVd fuEukuqlkj gSa %
¼djksM+++ #i;s esa½31 ekpZ] 2010 Rkd 31 ekpZ] 2009 Rkd
vkLFkfxRk dj ns;Rkk % ¼d½ewY;gzkl 615.46 614.15
vkLFkfxRk dj ifjlEifRr;ka % ¼[k½deZpkfj;ksa ds fy, lsokfuo`fRr yk“ gsrq izkoèkku 92.78 71.35
lafnXËk _.kksa@nkoksa ds fy, ÁkoËkku 5.88 0.65
vU; 0.02 0.03
;ksx 98.68 72.03
vkLFkfxRk dj ns;Rkk ¼fuoy½ % ¼d&[k½ 516.78 542.12
10. Employee Benefitsi) The summarized position of post-employment benefits and long term employee benefits
recognized in the Profit and Loss Account and Balance Sheet as required in accordancewith Accounting Standard - 15 (Revised) "Employee Benefits" is as under:
(a) Expenses Recognised in Profit & Loss Account(Rs. in Crore)
As at 31.3.2010 As at 31.3.2009
Gratuity Leave Encashment/ Gratuity Leave Encashment/Compensated Compensated
Absences AbsencesFunded Unfunded Funded Unfunded
Current Service Cost 13.51 13.03 11.31 11.75
Interest Cost 20.12 14.92 15.30 11.36
Expected return onPlan Assets (22.19) -- (16.25) --
Actuarial (Gain)/ Losson Plan Assets (2.71) -- (1.59) --
Actuarial (Gain)/ Losson Obligations 43.35 46.83 10.36 3.69
Total expense recognised in the Profit & Loss Account 52.08 74.78 19.13 26.80
Schedule 20 (Contd.)
10- deZpkfj;ksa dks ykHki) fu;kstu i'pkr~ ykHkksa vkSj nh?kZdkfyd deZpkjh ykHkksa dh
laf{kIr fLFkfr dks ykHk&gkfu [kkrs vkSj rqyu i= esa ys[kkaduekud&15 ¼la'kksfèkr½ dh vis{kkvksa ds vuqlkj fuEu izdkj ls^deZpkfj;ksa dks ykHk* ds :i esa n'kkZ;k x;k gSA
¼d½ ykHk vkSj gkfu [kkrs esa Mkys x;s O;;
pkyw lsok ykxrC;kt ykxrIyku ifjlEifÙk;ks a ij laHkkforizfrykHkIyku ifjlEifÙk;ksa ij okLrfod¼ykHk½@gkfunkf;Roksa ij okLrfod ¼ykHk½@gkfu
¼ykHk½@gkfu [kkrs esa Mkyk x;kdqy O;;
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
112
(b) Amount recognized in the Balance Sheet (Rs. in Crore)
As at 31.3.2010 As at 31.3.2009
Gratuity Leave Encashment/ Gratuity Leave Encashment/Compensated Compensated
Absences AbsencesFunded Unfunded Funded Unfunded
Estimated Present value ofObligations as at the end ofthe year 305.74 229.08 251.46 186.54
Fair value of Plan Assets asat the end of the year 260.62 -- 230.41 --
Unfunded Net Liability recognisedin the Balance Sheet 45.12 229.08 21.05 186.54
(c) Changes in the present value of the obligations(Rs. in Crore)
As at 31.3.2010 As at 31.3.2009
Gratuity Leave Encashment/ Gratuity Leave Encashment/Compensated Compensated
Absences AbsencesFunded Unfunded Funded Unfunded
Present Value of Obligations atthe beginning of the year 251.46 186.54 218.61 162.09Interest Cost 20.12 14.92 15.30 11.36Current Service Cost 13.51 13.03 11.31 11.75Benefits Paid (22.70) (32.24) (4.12) (2.35)Actuarial (Gain)/Losson Obligations 43.35 46.83 10.36 3.69
Present Value of Obligationsat the end of the year 305.74 229.08 251.46 186.54
(d) Changes in Fair Value of Plan Assets(Rs. in Crore)
As at 31.3.2010 As at 31.3.2009
Gratuity Leave Encashment/ Gratuity Leave Encashment/Compensated Compensated
Absences AbsencesFunded Unfunded Funded Unfunded
Fair Value of Plan Assets atthe beginning of the year 230.41 — 170.79 —Actual return on Plan Assets 24.90 — 17.84 —Employer's contribution 28.01 — 45.90 —Benefits Paid (22.70) — (4.12) —
Fair Value of Plan Assets atthe end of the year 260.62* — 230.41* —
*Gratuity Funds are managed by various Life Insurance Companies. However, individual investmentwise details of Plan Assets are not provided by these companies.
(e) Investment Details of Provident Fund Trust
As at 31.3.2010 As at 31.3.2009
Amount % of Amount % ofInvested Investment Invested Investment
(Rs. in Crore) (Rs. in Crore)
Central Govt. Securities 179.45 22.53 157.63 23.25State Govt. Securities 152.70 19.16 128.69 18.99Financial Institutions Bonds 331.14 41.57 258.10 38.08RBI Special Deposits 133.38 16.74 133.38 19.68
Total 796.67 100.00 677.80 100.00
Schedule 20 (Contd.)
¼[k½ rqyu i= esa Mkyh x;h jkf'k
o"kZ ds var esa nkf;Roksa dkorZeku vuqekfur ewY;
o"kZ ds var esa Iyku ifjlEifÙk;ksadk mfpr ewY;
rqyu i= esa Mkyh x;h xSj&foÙkiksf"kr fuoy ns;rk
¼x½ nkf;Roksa ds orZeku ewY;ksa esa ifjorZu
o"kZ ds vkjEHk esa nkf;Roksa dkorZeku ewY;C;kt ykxrorZeku lsok ykxrHkqxrku fd;s x;s ykHknkf;Roksa ij okLrfod gkfu@¼ykHk½
o"kZ ds vUr esa nkf;Roksa dk orZeku ewY;
¼?k½ Iyku ifjlEifRr;ksa ds mfpr ewY; esa ifjorZu
o"kZ ds vkjaHk esa Iyku ifjlaifÙk;ksa dkmfpr ewY;Iyku ifjlEifÙk;ksa ij okLrfod izfrykHkfu;kstd dk va'knkuHkqxrku fd;s x;s ykHk
o"kZ ds var esa Iyku ifjlEifÙk;ksa dkmfpr ewY;*minku fuf/k;ksa dk izca/k fofHkUu thou chek dEifu;ksa }kjk fd;ktkrk gSA rFkkfi] Iyku ifjlEifÙk;ksa dk fuos'k vuqlkj vyx&vyxfooj.k bu dEifu;ksa }kjk miyC/k ugha djk;k tkrkA
¼p½ Hkfo"; fuf/k U;kl ds fuos'kksa dk fooj.k
dsUnz ljdkj dh izfrHkwfr;kajkT; ljdkj dh izfrHkwfr;kafoÙkh; laLFkkvksa ds ckaMvkjchvkbZ Lis'ky tek jkf'k;ka
;ksx
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
113
11. Operating Lease
The Society's significant leasing arrangements are in respect ofOperating Lease of premises for offices of the Society and residentialuse of employees. These leasing agreements are usually renewableon mutually agreed terms but are cancelable. These payments areshown in Schedule-17 as 'Rent, Rates and Taxes'.
12. Segment Reporting
a) Primary Segment
The Society's operating business are organized and managedseparately according to the nature of products, with each segmentrepresenting a business unit that offers different products. The twoidentified segments are 'Urea' and 'NPK/DAP', while the third segment'Others' mainly consists of traded products i.e. Imported DAP, Ureaand Indigenous Seeds and Chemicals. Corporate income andexpenses including interest are considered as part of unallocableincome and expenses which are not identifiable to any businesssegment.
(f) Principal actuarial assumptions at the Balance Sheet Date (expressed as weightedaverage).
As at 31.3.2010 As at 31.3.2009Method used Projected Unit Credit Method Projected Unit Credit Method
Discount Rate 8.00% 7.00%Expected Rate of Return on Plan Assets*- Gratuity Fund 9.63% 9.50%- Provident Fund 8.00% 8.00%Expected Rate of Salary Increase** 7.00% 6.00%
* The expected rate of return on plan assets is determined considering composition of plan assetsheld, historical results of return on plan assets and other relevant factors.
** Considered taking into account inflation, seniority, promotion and other relevant factors.
Year ended 31.3.2010 Year ended 31.3.2009
(g) Actual Return on Plan 10.81% 8.92%Assets of Gratuity Fund
(ii) Society's contribution to Provident Fund Scheme recognized as Expense forthe year is as under:
(Rs.in Crore)
Year ended 31.3.2010 Year ended 31.3.2009
- Contribution to Provident Fund 31.55 22.16- Contribution to Pension Fund 4.16 4.25- Liability recognised on account of Shortfall
between Fair Value of PF Trust Assets andPresent Value of Obligations of the PF Trust 3.77 1.80
Schedule 20 (Contd.)
(Rs. in Crore)
fooj.k Particulars Manufactured Fertilisers UREA NPK/DAP Others Total
Year ended Year ended Year ended Year ended31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09
RevenueSales 1,994 1,878 2,879 2,311 2,374 3,199 7,247 7,388Subsidy fromGovt. of India 2,645 3,981 4,924 10,838 1,992 10,727 9,561 25,545Other Revenue 25 17 146 23 17 26 188 67Total Revenue (A) 4,664 5,876 7,949 13,172 4,383 13,952 16,996 33,000Operating ExpensesDirect Expenses 3,968 5,050 6,861 11,513 3,952 14,310 14,781 30,873Allocated Expenses 261 234 449 325 350 — 1,060 559Total OperatingExpenses (B) 4,229 5,284 7,310 11,838 4,302 14,310 15,841 31,432Segmental OperatingIncome (A-B) 435 592 639 1,334 81 (358) 1,155 1,568Unallocated Expenses 469 414
jkTkLofcØh“kjRk ljdkj lsÁkIRk vFkZ lgk;RkkvU; jkTkLodqy jkTkLo ¼d½Ápkyu O;;ÁR;{k O;;vkoafVr O;;dqy ÁpkyuO;; ¼[k½lsxesaVy Ápkyuvk; ¼d&[k½xSj vkoafVRk O;;
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
¼N½ rqyu i= dh rkjh[k dks izeq[k okLrfod voèkkj.kk,a¼Hkkfjr vkSlr ds :i esa½
fMLdkamV njIyku ifjlEifÙk;ksa ij izfrykHk dh laHkkfor nj *- minku dks"k- Hkfo"; fuf/k dks"kosru o`f) dh laHkkfor nj **
* Iyku ifjlEifRr;ksa ij izfrykHk dh vuqekfur nj dk fuèkkZj.k èkkfjr IykuifjlEifRr;ksa dh dEiksft'ku] Iyku ifjlEifRr;ksa ij izfrykHk ds fgLVksfjdyifj.kke rFkk vU; lEc) dkjdks a dks fglkc es a ysdj fd;k x;k gSA
** eqnzkfLQfr] ofj"Brk] inksUufr vkSj vU; lEc) dkjdksa dks fglkc esa fy;k x;k gS A
¼t½ minku fuf/k dh Iyku ifjlEifÙk;ksa ij okLrfodizfrykHk
(i) o"kZ ds nkSjku lfefr }kjk Hkfo"; fuf/k ;kstuk esafd;k x;k va'knku fuEu izdkj gS %&
- Hkfo"; fuf/k esa va'knku- isa'ku fuf/k esa va'knku- Hkfo"; fuf/k U;kl dh ifjlEifRr;ksa ds mfpr ewY;
vkSj Hkfo"; fuf/k U;kl ds nkf;Roksa ds orZeku ewY;ds chp dh deh dh ns;rk
11- vkijsÇVx yhTklfefRk dh egRoiw.kZ yhÇTkx O;oLFkk,a deZpkfj;ksa }kjk bLR®ekyfd;s Tkkus okys vkoklh; ifjljksa v©j dk;kZy; ifjljksa dhvkijsfVax yhTk ds lacaËk esa gSA bu yht djkjksa dks vkerkSj ijikjLifjd lger 'krksZa ds vkèkkj ij uohÑr fd;k tkrk gSijUrq bUgsa jn~n Hkh fd;k tk ldrk gSA bu Hkqxrkuksa dksvuqlwph&17 esa*fdjk;k] nj vkSj dj* ds :Ik esa n'kkZ;k x;k gSA
12- lsxesaV fji®fV±xd½ Ákbejh lsxesaV
lfefRk ds dk;Z O;kikj dk ÁcaËk o Ápkyu mRiknksa dhÁÑfRk ds vuqlkj vyx&vyx fd;k TkkRkk gS v©j ÁR;sdlsxesaV d® fofHké mRiknksa ds fy, O;kkikj dk ,d vaxekuk TkkRkk gSA n® lsxesaVksa dh igpku dh xbZ gS Tk®*;wfj;k* v©j *,uihds@Mh,ih* ds :i esa gSa Tkcfd RkhljklsxesaV *vU;* gS fTklesa eq[; :i ls vk;kfRkRk Mh,ih]vk;kfRkRk ;wfj;k] ve®fu;k RkFkk ns'kh chTkksa v©j jlk;u®adk O;kikj 'kkfey gSA dkji®jsV vk; v©j O;; fTklesavYi vofËk C;kTk Hkh 'kkfey gS] d® xSj&vkoafVRk vk;v©j O;; dk fgLlk ekuk x;k gS] D;ksafd bls fdlh HkhO;kikj lsxesaV esa ugÈ Mkyk Tkk ldRkkA
114
b) Geographical Segments
The Society sells its products within India where the conditionsprevailing are uniform. Hence no geographical segment disclosureis considered necessary.
13. Related Party Disclosures
List of Related Parties
(A) Key Management Personnel
Dr. U.S. Awasthi - Managing Director
Mr. D.K. Bhatt - Dy.M.D.-cum-Marketing Director(Superannuated on 30.6.2009)
Mr. Rakesh Kapur - Joint Managing Director
Mr. V.K. Bali - Director (Technical)(Superannuated on 30.6.2009)
Mr. S.K. Mishra - Director (HRD)(Superannuated on 30.6.2009)
Mr. K. L Singh - Director (Technical)
Dr. G. N. Saxena - Director (Cooperative Development)
Mr. R. P. Singh - Director (HRD) (w.e.f. 20.8.2009)
Mr. A. Roy - Marketing Director (w.e.f. 20.8.2009)
Schedule 20 (Contd.)
Operating Income 686 1,154Add: Dividend Income 197 274Add: Other Revenue 43 36Add: Interest Income 447 166Less: Interest Expense (765) (1,023)Less: Loss on Sale/Diminutionin the value of Investments (41) (165)Profit before Tax 567 442Income Tax (Net) 166 82Net Profit (After Tax) 401 360
Particulars Manufactured Fertilisers UREA NPK/DAP Others Total As at As at As at As at
31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09
Capital EmployedSegment Assets 2,994 4,102 5,698 7,117 483 333 9,175 11,552UnallocatedCorporate Assets 9,336 8,935Total Assets 18,511 20,487Segment Liabilities 580 475 2,553 3,314 -- -- 3,134 3,789Unallocated CorporateLiabilities 11,107 12,739Total Liabilities 14,241 16,528
Other InformationCapital Expenditure 156 129 152 389 -- -- 308 518Unallocated CapitalExpenditure 26 11Depreciation/ Amortisation 217 183 255 276 -- -- 472 459Unallocated Depreciation/Amortisation 10 11Non Cash Expensesother than Depreciation 12 4 17 13 19 1 48 18
Ápkyu vk;tksM+sa % ykHkka’k dh vk;tksM+sa % vU; jktLotksM+sa % C;kt vk;?kVk,a% C;kt O;;?kVk,a% fuos'kksa ds ewY; esa deh@fcØhij gqbZ gkfudj iwoZ ykHkvk;dj ¼fuoy½fuoy yk“ ¼dj i'pkr½
fu;®fTkRk iwaTkhlsxesaV ifjlEifRr;kaxSj vkoafVRkdkji®jsV ifjlEifRr;kadqy ifjlEifRr;kalsxesaV nsunkfj;kaxSj vkoafVRk dkji®jsVnsunkfj;kadqy nsunkfj;kavU; lwpukiwaTkhxRk O;;xSj vkoafVRk iwaTkhxRkO;;ewY;gzkl@ifj'kksèkuxSj vkoafVRk ewY;gzkl@ifj'kksèkuewY;gzkl dks NksM+djxSj udn O;;
fooj.k Particulars Manufactured Fertilisers UREA NPK/DAP Others Total
Year ended Year ended Year ended Year ended31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
[k½ T;ksxzkfQdy lsxesaV
lfefr vius mRiknksa dh fcdzh ns'k ds Hkhrj djrh gS tgka fon~;eku 'krsZa,d leku gSaA vr% fdlh T;ksxzkfQdy lSxesaV ds fooj.k dks vko';dugha ekuk x;kA
13-lEc) ikfVZ;ksa ds ckjs esa fooj.k
lEc) ikfVZ;ksa dh lwph
¼d½ mPp ÁcaËku oxZMkW- mn; 'kadj voLFkh & ÁcaËk funs'kd
Jh n;k Ñ".k HkÍ & mi ÁcaËk funs'kd&lg&foi.kufuns'kd ¼30-6-2009 dks lsokfuo`Rr½
Jh jkds'k diwj & la;qDr izcaèk funs'kd
Jh oh ds ckyh & funs'kd ¼rduhdh½¼30-6-2009 dks lsokfuo`Rr ½
Jh ,l ds feJk & funs'kd ¼ekuo lalkèku fodkl½¼30-6-2009 dks lsokfuo`Rr ½
Jh ds ,y flag & funs'kd ¼rduhdh ½
MkW- th ,u lDlSuk & funs'kd ¼lgdkfjrk fodkl½
Jh vkj ih flag & funs'kd ¼,pvkjMh½¼20-8-2009 ls½
Jh , jk; & foi.ku funs'kd ¼20-8-2009 ls½
(Rs. in Crore)
115
Schedule 20 (Contd.)
(B) Subsidiary Companies
- IFFCO-Tokio General Insurance Company Limited- Kisan International Trading FZE- IFFCO Kisan Bazar Limited- IFFCO Chhatisgarh Power Limited- IFFCO Kisan Sanchar Limited- Jordan India Fertilizer Co. LLC- IFFCO Kisan SEZ Limited- Indo Egyptian Fertilizer Company SAE- Indian Farm Forestry Development Cooperative Limited
Fellow Subsidiary- IFFCO-Tokio Insurance Services Ltd.- Baylis Generators Ltd.
(C) Joint Ventures- Industries Chimiques du Senegal- Oman India Fertilizer Company, SAOC
(D) Associates- Indian Potash Limited- Cooperative Rural Development Trust- IFFCO Kisan Sewa Trust- IFFCO Foundation- Freeplay Energy India Limited- Aria Chemicals (Orissa) Limited
( Rs. in Crore )
Nature of Related Party Year Ended Transactions 31.03.2010 31.03.2009
Amount Receivable Subsidiary CompaniesIFFCO Tokio GeneralInsurance Company Ltd. 3.28 11.90Kisan International Trading FZE 0.53 28.24IFFCO Kisan Bazar Ltd. 0.04 --Indo Egyptian FertilizersCompany, SAE -- 0.03IFFCO Chhattisgarh Power Ltd. 0.14 0.32Jordan India FertilizerCompany LLC 2.44 2.42Indian Farm ForestryDev. Coop. Ltd. -- 3.71
6.43 46.62Joint VenturesIndustries Chimiques du Senegal 11.65 5.36Oman India Fertilizer Co. SAOC 5.04 4.84
16.69 10.20AssociatesIndia Potash Limited 18.02 18.49IFFCO Kisan Sewa Trust -- 0.02IFFCO Foundation -- 0.06Freeplay Energy India Ltd. 1.85 2.28
19.87 20.85Loans Outstanding Subsidiary Companies
IFFCO Kisan Sanchar Ltd. 17.52 21.92IFFCO Kisan SEZ Ltd. 40.86 26.64
58.38 48.56Joint VenturesIndustries Chimiques du Senegal 72.22 81.20
72.22 81.20AssociatesFreeplay Energy India Ltd. 26.43 26.43
26.43 26.43Amounts Payable Subsidiary Companies
Kisan International Trading FZE 184.47 1,156.15IFFCO Kisan Sanchar Ltd. 3.01 --
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
¼[k½ lfClfM;jh dEifu;ka& bQd® V®D;® Tkujy ba'k®jsal daiuh fyfeVsM& fdlku bUVjus'kuy VsªÇMx ,QT©MbZ& bQdks fdlku cktkj fyfeVsM& bQd® NRrhlx<+ ikoj fyfeVsM& bQdks fdlku lapkj fyfeVsM& tksMZu bafM;k QfVZykbtj dEiuh] ,y-,y-lh& bQdks fdlku ,lbZtSM fyfeVsM& baM® bfTkfI'k;u QfVZykbTkj daiuh] ,l,bZ& bafM;u QkeZ QksjsLVªh MsoyiesaV dksvkijsfVo fyfeVsM
QSyks lfClfM;jh& bQd® V®D;® ba'k®jsal lfoZflTk fyfeVsM& ckbfyl tujsVlZ fyfeVsM
¼x½ la;qDr m|e
& baMLVªht f'kfed Mw flusxy& vkseku bafM;k QfVZykbtj dEiuh ,l-,-vks-lh
¼?k½ ,lksfl,V~l& bafM;u i®Vk'k fyfeVsM& lgdkjh xzkeh.k fodkl U;kl& bQdks fdlku lsok VªLV& bQd® QkmaMs'ku& ÝhIys ,uthZ bafM;k fyfeVsM& vfj;k dSfedYl ¼mM+hlk½ fyfeVsM
Ø- ysu nsu lEc) ikVhZ la- dh izÑfr
1 izkIr djus lfClfM;jh daifu;ka;ksX; jkf'k bQd® V®D;® Tkujy
ba'k®jsal daiuh fyfeVsMfdlku bUVjus'kuy VsªÇMx ,QT©MbZbQdks fdlku cktkj fyfeVsMbaM® bfTkfI'k;u QfVZykbTkjdaiuh] ,l,bZbQd® NRrhlx<+ ikoj fyfeVsMtksMZu bafM;k QfVZykbtjdEiuh] ,y,ylhbafM;u QkeZ QksjsLVªhMsoyiesaV dksvkijsfVo fyfeVsM
la;qDr m|ebaMLVªht f'kfed Mw flusxyvkseku bafM;k QfVZykbtjdEiuh ,l,vkslh,lksfl,V~lbafM;u i®Vk'k fyfeVsMbQdks fdlku lsok VªLVbQd® QkmaMs'kuÝhIys ,uthZ bafM;k fyfeVsM
2 cdk;k _.k lfClfM;jh daifu;kabQdks fdlku lapkj fyfeVsMbQdks fdlku ,lbZtsM fyfeVsM
la;qDr m|ebaMLVªht f'kfed Mw flusxy
,lksfl,V~lÝhIys ,uthZ bafM;k fyfeVsM
3 Hkqxrku ;ksX; lfClfM;jh daifu;kajkf'k fdlku bUVjus'kuy VsªÇMx ,QT©MbZ
bQdks fdlku lapkj fyfeVsM
116
Schedule 20 (Contd.)
( Rs. in Crore )
Nature of Related Party Year EndedTransactions 31.03.2010 31.03.2009
Indian Farm ForestryDev. Coop. Ltd. 0.57 1.85
188.05 1,158.00Joint VenturesIndustries Chimiquesdu Senegal 7.65 19.08Oman India Fertilizer Co. SAOC -- 16.67
7.65 35.75AssociatesIndia Potash Limited 704.76 687.71Cooperative RuralDevelopment Trust 1.87 --
706.63 687.71Investments made Subsidiary Companies
IFFCO Tokio General InsuranceCompany Ltd. -- 109.87IFFCO Kisan Bazar Ltd. -- 14.91IFFCO Chhattisgarh Power Ltd. 7.40 33.30Jordan India Fertilizer Company LLC -- 57.03Indian Farm Forestry Dev. Coop. Ltd. -- 3.94
7.40 219.05AssociatesFreeplay Energy India Ltd. -- 4.83Aria Chemicals (Orissa) Ltd. -- 0.45
-- 5.28Received as Fixed Subsidiary CompaniesDeposit IFFCO Tokio General Insurance
Company Ltd. 0.34 --IFFCO Kisan Bazar Ltd. -- 0.27Indian Farm Forestry Dev. Coop. Ltd. 1.50 --
1.84 0.27Fellow Subsidiary CompaniesIFFCO Tokio InsuranceServices Limited 0.91 0.30
0.91 0.30Material Received Associateson Loan India Potash Limited 0.02 --
0.02 --Grants Associates
Cooperative Rural Development Trust 2.42 2.25IFFCO Kisan Sewa Trust 0.01 0.21IFFCO Foundation 1.77 1.68
4.20 4.14Purchase of Raw Subsidiary CompaniesMaterials Kisan International Trading FZE 1,617.50 2,583.91
1,617.50 2,583.91Joint VenturesIndustries Chimiques du Senegal 812.64 1,057.36Oman India Fertilizer Co. SAOC 64.21 62.18
876.85 1,119.54AssociatesIndia Potash Limited 1,319.99 1,537.21
1,319.99 1,537.21Purchase of Subsidiary CompaniesFinished Goods Kisan International Trading FZE 216.22 3,190.20
IFFCO Kisan Sanchar Limited 5.92 --
222.14 3,190.20Joint VenturesOman India Fertilizer Co. SAOC -- 29.79
-- 29.79Services Received Subsidiary Companies
IFFCO Tokio General InsuranceCompany Ltd. 60.87 61.95Kisan International Trading FZE 15.68 6.88
76.55 68.83
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
Ø- ysu nsu lEc) ikVhZ la- dh izÑfr
bafM;u QkeZ QksjsLVªh MsoyiesaVdksvkijsfVo fyfeVsM
la;qDr m|ebaMLVªht f'kfedMw flusxyvkseku bafM;k QfVZykbtj dEiuh ,l,vkslh
,lksfl,V~lbafM;u i®Vk'k fyfeVsMdksvkijsfVo :jyMsoyiesaV VªLV
4 fd;k x;k fuos'k lfClfM;jh daifu;kabQd® V®D;® Tkujy ba'k®jsaldaiuh fyfeVsMbQdks fdlku cktkj fyfeVsMbQd® NRrhlx<+ ikoj fyfeVsMtksMZu bafM;k QfVZykbtj dEiuh] ,y,ylhbafM;u QkeZ QksjsLVªh MsoyiesaV dksvkijsfVo fyfeVsM
,lksfl,V~lÝhIys ,uthZ bafM;k fyfeVsMvfj;k dSfedYl ¼mM+hlk½ fyfeVsM
5 lkofËk Tkek ds lfClfM;jh daifu;ka:i esa ÁkIRk bQd® V®D;® Tkujy
ba'k®jsal daiuh fyfeVsMbQdks fdlku cktkj fyfeVsMbafM;u QkeZ QksjsLVªh MsoyiesaV dksvkijsfVo fyfeVsM
QSyks lfClfM;jh daifu;akbQd® V®D;® ba'k®jsallfoZflt fyfeVsM
6 _.k ij izkIr ,lksfl,V~llkexzh bafM;u i®Vk'k fyfeVsM
7 fn;k x;k ,lksfl,V~lvuqnku dksvkijsfVo :jy MsoyiesaV VªLV
bQdks fdlku lsok VªLVbQdks Qkm.Ms'ku
8 dPps eky dh lfClfM;jh daifu;ka[kjhn fdlku bUVjus'kuy VsªÇMx ,QT©MbZ
la;qDr m|ebaMLVªht f'kfed Mw flusxyvkseku bafM;k QfVZykbtj dEiuh ,l,vkslh
,lksfl,V~lbafM;u i®Vk'k fyfeVsM
9 R©;kj eky dh lfClfM;jh daifu;ka[kjhn fdlku bUVjus'kuy VsªÇMx ,QT©MbZ
bQdks fdlku lapkj fyfeVsM
la;qDr m|evkseku bafM;k QfVZykbtj dEiuh ,l,vkslh
10 izkIr lsok,a lfClfM;jh daifu;kabQd® V®D;® Tkujy ba'k®jsaldaiuh fyfeVsMfdlku bUVjus'kuy VsªÇMx ,QT©MbZ
117
Schedule 20 (Contd.)
( Rs. in Crore )
Nature of Related Party Year EndedTransactions 31.03.2010 31.03.2009
AssociatesIndia Potash Limited 1.15 0.93IFFCO Kisan Sewa Trust 0.04 --
1.19 0.93Payment for Subsidiary CompaniesInterest Kisan International Trading FZE 33.67 12.73
Indian Farm Forestry Dev.Coop. Ltd. 0.14 0.09
33.81 12.82Fellow Subsidiary CompaniesIFFCO Tokio Insurance ServicesLimited 0.04 0.01
0.04 0.01Sale of Finished Subsidiary CompaniesGoods Kisan International Trading FZE -- 134.20
Indian Farm Forestry Dev.Coop. Ltd. 164.57 189.46
164.57 323.66AssociatesIndia Potash Limited 1.73 217.79
1.73 217.79Services Rendered Joint Ventures
Oman India Fertilizer Co. SAOC 19.48 18.78
19.48 18.78AssociatesIndia Potash Limited 4.20 1.34
4.20 1.34Claims Received/ Subsidiary CompaniesSettled IFFCO Tokio General Insurance
Company Ltd. 19.84 29.72
19.84 29.72Rent Received Subsidiary Companies
IFFCO Tokio General InsuranceCompany Ltd. 4.65 3.26IFFCO Kisan Sanchar Ltd. 0.06 --
4.71 3.26Dividend Income Subsidiary Companies
Kisan International Trading FZE 51.80 27.81
51.80 27.81Joint VenturesOman India Fertilizer Co. SAOC 143.20 245.55
143.20 245.55AssociatesIndia Potash Limited 0.97 0.87
0.97 0.87Receipt of Interest Subsidiary Companies
IFFCO Kisan SEZ Ltd. 1.60 --
1.60 --Joint VenturesIndustries Chimiques du Senegal 0.74 1.55
0.74 1.55AssociatesFreeplay Energy India Ltd. -- 2.13
-- 2.13Rent Paid Subsidiary Companies
IFFCO Tokio General InsuranceCompany Ltd. 0.54 0.53
0.54 0.53ManagerialRemuneration toKey ManagementPersonnels 2.62 1.50
2.62 1.50Contribution to AssociatesKisan Sewa Fund IFFCO Kisan Sewa Trust 0.18 0.17
0.18 0.17
vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
Ø- ysu nsu lEc) ikVhZ la- dh izÑfr
,lksfl,V~lbafM;u i®Vk'k fyfeVsMbQdks fdlku lsok VªLV
11 C;kt ds fy, lfClfM;jh daifu;kaHkqxrku fdlku bUVjus'kuy VsªÇMx ,QT©MbZ
bafM;u QkeZ QksjsLVªh MsoyiesaVdksvkijsfVo fyfeVsM
QSyks lfClfM;jh daifu;akbQd® V®D;® ba'k®jsallfoZflt fyfeVsM
12 R©;kj eky lfClfM;jh daifu;kadh fcØh fdlku bUVjus'kuy VsªÇMx ,QT©MbZ
bafM;u QkeZ QksjsLVªh MsoyiesaVdksvkijsfVo fyfeVsM
,lksfl,V~lbafM;u i®Vk'k fyfeVsM
13 nh x;h lsok,a la;qDr m|evkseku bafM;k QfVZykbtj dEiuh ,l,vkslh
,lksfl,V~lbafM;u i®Vk'k fyfeVsM
14 izkIr@fuiVk, lfClfM;jh daifu;kax, nkos bQd® V®D;® Tkujy ba'k®jsal
daiuh fyfeVsM
15 ÁkIRk fd;k lfClfM;jh daifu;kax;k fdjk;k bQd® V®D;® Tkujy ba'k®jsal
daiuh fyfeVsMbQdks fdlku lapkj fyfeVsM
16 ykHkka'k vk; lfClfM;jh daifu;kafdlku bUVjus'kuy VsªÇMx ,QT©MbZ
la;qDr m|evkseku bafM;k QfVZykbtj dEiuh ,l,vkslh
,lksfl,V~lbafM;u i®Vk'k fyfeVsM
17 izkIr C;kt lfClfM;jh daifu;kabQdks fdlku ,lbZtSM fyfeVsM
la;qDr m|ebaMLVªht f'kfed Mw flusxy
,lksfl,V~lÝhIys ,uthZ bafM;k fyfeVsM
18 fdjk;s dk lfClfM;jh daifu;kaHkqxrku bQdks VksD;ks tujy
ba';ksjsa'k daiuh
19 mPp izcaèkuoxZ dh izcaèkdh;ifjyfCèk;ka
20 fdlku lsok ,lksfl,V~lQaM dks va'knku bQdks fdlku lsok VªLV
118
ifjlEifRr;ka ,oa ns;Rkk,a
¼djksM+++++ #i;s esa½
31-3-2010 d® 31-3-2009 d®
ns;Rkk,a'®;j iwaTkh 391 438vkjf{kRk ,oa vfËk'®"k 88 58_.k fufËk;ka 660 820oRkZeku ns;Rkk,a ,oa izkoËkku 194 355
;®x 1,333 1,671
ifjlEifRr;kafuoy LFkkbZ ifjlEifRr;ka lhMCY;wvkbZih lfgRk 1,001 1,169
pkyw ifjlEifRr;ka] _.k o vfxze 332 502
;®x 1,333 1,671
vk; o O;;¼djksM++++ #i;s esa½
31-3-2010 31-3-2009d® lekIr o"kZ d® lekIr o"kZ
vk;Ápkyu ls vk; 436 731
vU; vk; 9 28
dqy vk; 445 759
O;;Ápkyu O;; 227 411
xSj izpkyu O;; 28 57
dqy O;; 255 468
dj iwoZ yk“ 190 291
?kVk,a % dj ds fy, ÁkoËkku 15 9
dj i'pkRk yk“ 175 282
15- ÁfRk '®;j vTkZu
ÁfRk '®;j vTkZu dk fglkc ys[kkadu ekud&20 ßÁfRk '®;j vTkZuß dsvuq:i cgqjkT; lgdkjh l®lk;Vh vfËkfu;e] 2002 ds vuqlkj fuoy
14. Financial Reporting of Interest in Joint Ventures
Investments include Rs.409.45 crore (Previous Year Rs.409.45 crore)representing Society's interest in the following jointly controlled entitiesas at 31.3.2010.
mi;qZDr nksuksa daifu;ksa dk ys[kk o"kZ 31 fnlEcj rd gksrk gS vkSj baMLVªhtf'kfed Mw flusxy dk o"kZ 2009 dk foRrh; fooj.k xSj&ys[kk ijhf{kr [kkrksavkSj fiNys o"kZ ds vkadM+ksa ij vkèkkfjr gSA
la;qDRk :i ls fu;af=r dEifu;ksa esa lfefRk ds fgr ls lacafèkr ifjlEifRr;ksa]ns;Rkkvksa] vk; v©j O;;] izR;sd dk fooj.k fuEu Ádkj gS %
Schedule 20 (Contd.)vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
dEiuh dk uke Name of the Company Contribution Country of %age holdingtowards Equity Residence of IFFCO
(Rs. crores)
a) Oman India Fertilizer Company, SAOC (OMIFCO) 329.08 Oman 25.00
b) Industries Chimiques du Senegal (ICS) 80.37 Senegal 18.54
;®x Total 409.45
¼d½ vkseku bafM;k QfVZykbtj dEiuh ,l,vkslh¼vksebQdks½¼[k½ baMLVªht f'kfed Mw flusxy ¼vkbZlh,l½
The accounting year of both the above entities ends on 31st Decemberand the financial data in respect of ICS, Senegal for the year 2009 isbased on Unaudited Accounts and the preceding year figures arebased on audited accounts.
The aggregate amount of each of the Assets, Liabilities and Incomeand Expenses related to interest of the Society in the jointly controlledentities is as under:
ASSETS & LIABILITIES
(Rs.in Crore)As at As at
31.3.2010 31.3.2009
LiabilitiesShare Capital 391 438Reserves and Surplus 88 58Loan Funds 660 820Current Liabilities and Provisions 194 355
Total 1,333 1,671
AssetsNet Fixed Assets including CWIP 1,001 1,169Current Assets, Loans and Advances 332 502
Total 1,333 1,671
INCOME & EXPENSES
(Rs. in Crore)Year ended Year ended
31.3.2010 31.3.2009
IncomeIncome from Operations 436 731Other Revenue 9 28
Total 445 759
ExpensesOperating Expenses 227 411Non Operating Expenses 28 57
Total 255 468
Profit before Tax 190 291Less : Provision for Tax 15 9
Profit after Tax 175 282
15. Earning per Share
Earning per share has been computed in accordance with AccountingStandard - 20 "Earnings per Share" by dividing Net Profit as per
14- la;qDRk m|eksa esa lfefRk ds fgRk dh foRrh; fji®fV±x
31-3-2010 ds vuqlkj fuEufyf[kr la;qDr fu;U=.k okyh daifu;ksa esa lfefrds fgr dks n'kkZus okys fuos'k esa 409-45 djksM+ #i;s ¼xr o"kZ 409-45 djksM+++#i;s½ dh jkf'k 'kkfey gSA
119
Multi State Cooperative Societies Act, 2002 by the weighted averagenumber of shares outstanding for the period, as under:
Particulars Year ended Year ended31.3.2010 31.3.2009
Net Profit as per Multi StateCooperative Societies Act,2002 (Rs. crore) 401 360
Weighted Average Number ofShares (Nos.) 42,68,385 42,69,036
Nominal Value per Share(Rupees) 1,000 1,000
Basic and Diluted Earning perShare (Rupees) 939 843
16. Provisions
The status of various provisions shown in the accounts as on31.3.2010 is as under:
(Rs. in Crore)
Particulars As at Provided Amount As at1.4.2009 during Used 31.3.2010
the year
Land Compensation 2.62 0.16 — 2.78
17. Impairment of Assets
In accordance with Accounting Standard - 28 (AS-28) "Impairment ofAssets", Society has assessed as on the Balance Sheet date, whetherthere are any indications (listed in paragraphs 8 to 10 of the Standard)with regard to the impairment of any of the assets. Based on suchassessment, it has been ascertained that no potential loss is presentand therefore, formal estimate of recoverable amount has not beenmade. Accordingly, no impairment loss has been provided in thebooks of account.
18. Transactions with Micro, Small and Medium Enterprises
(Rs.in Crore)
Particulars As at 31.3.2010 As at 31.3.2009
1. Principal amount due and remainingunpaid to any Supplier as at the endof Accounting Year. Nil 0.02
2. Interest due on Principal amountremaining unpaid as at the end ofAccounting Year. Nil Nil
3. Amount of Interest along with Principalamount paid to Supplier beyond duedate of payment. Nil Nil
4. Amount of Interest accrued/ due andremaining Unpaid at the end ofAccounting Year. Nil Nil
The above information has been provided to the extent such parties have beenidentified on the basis of information available with the Society.
19. Value of Imports (C.I.F. Basis)
(Rs. in Crore)Year ended Year ended
31.3.2010 31.3.2009
Raw Materials 5,556.00 9,718.88Spare Parts and Catalysts 19.49 29.74Capital Goods 19.20 7.84Finished Goods 3,747.30 12,997.76
Total 9,341.99 22,754.22
Schedule 20 (Contd.)vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
ykHk d® bl vofËk ds fy, '®;jks a dh HkkfjRk v©lRk la[;k ls Hkkx djdsfudkyk x;k gS] Tk® fuEu Ádkj gS %
fooj.k d® lekIRk o"kZ31-3-2010 31-3-2009
cgqjkT; lgdkjh lkslk;VhvfËkfu;e 2002 ds vuqlkjfuoy yk“ ¼djksM+++++ #i;s½ 401 360
'®;jksa dh “kfjRk v©lRkla[;k ¼la0½ 42,68,385 42,69,036
#i;s esa fy;k x;k ÁfRk '®;ju‚feuy ewY; 1,000 1,000
ÁfRk '®;j csfld RkFkkMk;ywfVM vfu±x ¼#0½ 939 843
16- ÁkoËkku
31-3-2010 Rkd ys[kkvksa esa n'kkZ, x, fofHké ÁkoËkkuks a dh fLFkfRk fuEukuqlkjgS a%
¼djksM++++ #i;s esa½fooj.k 1-4-2009 o"kZ ds n©jku mi;ksx dh 31-3-20109
d® miyC/k djkbZ x;h jkf'k d®xbZ jkf'k
“wfe dk eqvkoTkk 2.62 0.16 — 2.78
17- LFkk;h ifjlEifRr;ksa dk foPNsnu
ßifjlEifRr;ksa ds foPNsnuß ds lacaËk esa ys[kkadu ekud&28 ¼,,l&28½ dsvuqlkj lfefr us rqyu i= dh rkjh[k dks ;g vkdyu fd;k gS fd D;kfdlh ifjlEifRr ds foPNsnu ds lacaËk esa dksbZ ladsr miyCËk gS ¼ekud dsiSjk 8 ls 10 rd lwphc)½A mDr vkdyu ds vkËkkj ij ;g fu.kZ; fd;kx;k gS fd ekStwnk le; esa laHkkfor gkfu ughaa gS vkSj blfy,] olwyh ;ksX;jkf'k dk vkSipkfjd vuqeku ugha yxk;k x;k gSA rnuqlkj] [kkrksa esafoPNsnu gkfu dk izkoËkku ugha fd;k x;k gSA
18- ekbØks] y?kq vkSj e/;orhZ miØeksa ds lkFk ysu&nsu
¼djksM++++ #i;s esa½
fooj.k 31.3.2010 d® 31.3.2009 d®
1- ys[kkadu o"kZ dh lekfIr ij fdlhvkiwfrfZdrkZ dh cdk;k ewyjkf'k tks Hkqxrku ugha dh xbZ & 0.02
2- ys[kkadu o"kZ dh lekfIr ij Hkqxrkuugha dh xbZ cdk;k ewyjkf'k ij ns; C;kt & &
3- ewy jkf'k vkSj C;kt dh jkf'kftldk Hkqxrku vkiwfrZdrkZ dksHkqxrku dh fuèkkZfjrrkjh[k ds ckn fd;k x;k gS A & &
4- ys[kkadu o"kZ dh lekfIr ijyxs@ns; C;kt dh jkf'k ftldkHkqxrku djuk 'ks"k gS & &
mi;qZDr lwpuk ,slh ikfVZ;ksa ds lacaèk esa ml gn rd miyCèk djkbZ xbZ gSftudh igpku lfefr }kjk miyCèk djkbZ xbZ lwpuk ds vkèkkj ij dh xbZ gSA
19- vk;kRk ewY; ¼ykxRk] chek o “kM+k vkËkkj ij½
¼djksM++++ #i;s esa½31 ekpZ] 2010 31 ekpZ] 2009dks lekIr o"kZ dks lekIr o"kZ
dPpk eky 5,556.00 9,718.88Lis;lZ ikV~lZ RkFkk dSVkfyLV 19.49 29.74iwaTkhxRk eky 19.20 7.84R©;kj eky 3,747.30 12,997.76
;ksx 9,341.99 22,754.22
120
ve®fu;k;wfj;kQkLQsfVd moZjd¼ih
2v®
5 ds :i esa½
lYQ~;wfjd ,flMQkLQ®fjd ,flM
Schedule 20 (Contd.)vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
20. Expenditure in Foreign Currency
On Overseas Contracts 4.41 4.05Travelling expenses 2.96 2.48Interest on ECB Loans / Buyers Credit 118.97 112.40Others 3.52 4.64
Total 129.86 123.57
21. Earning in Foreign Currency
Trading of Finished Goods -- 134.20Dividend Income 195.00 273.36Others 25.23 18.79
Total 220.23 426.35
22. Auditors’ Remuneration(Including Service Tax as applicable)
Audit fee (including a Foreign Branch) 0.34 0.30Tax Audit fee 0.07 0.04In other capacity 0.08 0.07
Total 0.49 0.41
23. Capacity, Production, Purchases of Traded Products, Sales, Closing Stock and Consumptionof Raw Materials
i) Licensed / Installed Capacity and Production
(Qty.LMTs)fooj.k Particular Year Ended 31.3.2010 Year Ended 31.3.2009
Licensed Installed Production Licensed Installed ProductionCapacity Capacity Capacity Capacity
Ammonia 24.87 24.87 25.52 24.87 24.87 23.56Urea 42.42 42.42 43.24 42.42 42.42 40.68Phosphatic Fertilisers(in terms of P2O5) N.A. 17.85 11.95 N.A. 17.85 9.32
Sulphuric Acid N.A. 23.10 14.28 N.A. 23.10 12.68Phosphoric Acid N.A. 8.75 4.62 N.A. 8.75 3.91
ii½ iqu% fcØh ds fy, [kjhnk x;k eky ii) Purchase of Goods for re-sale
Year Ended 31.3.2010 Year Ended 31.3.2009Quantity Amount Quantity Amount
(LMT) (Rs.in Crore) (LMT) (Rs.in Crore)
OMIFCO Urea 10.19 534.56 9.55 508.69Imported Urea 10.33 551.45 7.82 417.89Imported DAP/MAP/WSF 15.88 2,925.08 23.26 13,527.97Ammonia -- -- 0.70 78.73Seeds and Chemicals -- 6.76 — 5.95
Total 36.40 4,017.85 41.33 14,539.23
iii½ fcØh iii) Sales
Year Ended 31.3.2010 Year Ended 31.3.2009Quantity Amount* Quantity Amount*
(LMT) (Rs.in Crore) (LMT) (Rs.in Crore)
R©;kj fd;s x;s mRikn Manufactured ProductsUrea 43.22 4,638.93 40.71 5,858.65NPK - 10:26:26 11.95 2,823.12 10.76 4,650.82NPK - 12:32:16 4.62 957.68 5.51 2,318.35DAP - 18:46:00 (Kandla) 7.28 1,475.68 1.98 855.21DAP - 18:46:00 (Paradeep) 3.85 806.22 4.65 2,587.66
v®ebQd® ;wfj;kvk;kfRkRk ;wfj;kvk;kfRkRk Mh,ih@,e,ih@MCY;w,l,Qve®fu;kchTk RkFkk jlk;u
;®x
;wfj;k,uihds 10%26%26,uihds 12%32%16Mh,ih 18%46%0 ¼dkaMyk½Mh,ih 18%46%0 ¼ikjknhi½
20- fons'kh eqæk esa fd;k x;k O;;
fons'kh vuqca/kksa ij 4.41 4.05;k=k O;; 2.96 2.48bZlhch _.k@ck;lZ ØsfMV ij C;kt 118.97 112.40
vU; 3.52 4.64
;ksx 129.86 123.57
21- fons'kh eqæk dk vTkZu
R©;kj eky dh VªsfMax -- 134.20yk“ka'k vk; 195.00 273.36
vU; 25.23 18.79
;ksx 220.23 426.35
22- ys[kkijh{kdksa dk ikfjJfed¼;Fkk ykxw lsok dj lfgr½ys[kkijh{kk 'kqYd ¼fons'kh czkap lfgRk½ 0.34 0.30
dj ys[kkijh{kk 'kqYd 0.07 0.04
vU; :i esa 0.08 0.07
;ksx 0.49 0.41
23- {kerk] mRiknu] VªsfMM mRiknksa dh [kjhn] fcØhbfr LVkd rFkk dPps eky dh [kirA
i½ ykblsaLM rFkk LFkkfir {kerk,a vkSj mRiknu %
121
NP - 20:20 11.38 1,731.27 8.20 2,601.67MAP -- -- 0.25 132.53Power and By-Products -- 7.56 -- 1.48
Sub Total 82.30 12,440.46 72.06 19,006.37
csps x;s mRikn Traded Products
Ammonia -- -- 0.70 134.21OMIFCO Urea 9.74 542.21 10.19 553.20Imported Urea 10.39 569.23 7.79 433.58Imported DAP/MAP 15.84 3,244.61 22.54 12,799.04WSF - 19:19:19 -- 1.24 -- --Seeds and Chemicals -- 7.38 -- 6.90Urea Phosphate -- 2.04 -- --
Sub Total 35.97 4,368.11 41.22 13,926.93
Grand Total 118.27 16,808.57 113.28 32,933.30
*fcØh esa vFkZ lgk;Rkk 'kkfey gSA *Sales includes Subsidy.
iv½ R©;kj eky ds LVkd dk fooj.k iv) Stock particulars of Finished Goods
fooj.k Particulars Year Ended 31.3.2010 Year Ended 31.3.2009Quantity Amount Quantity Amount
(LMT) (Rs.in Crore) (LMT) (Rs.in Crore)
Urea 0.68 40.83 0.74 24.56NPK - 10:26:26 0.03 3.35 0.07 20.06NPK - 12:32:16 0.02 1.95 0.03 2.80DAP - 18:46:00 (Kandla) -- 0.07 0.07 30.44DAP - 18:46:00 (Paradeep) 0.17 33.15 0.01 0.02NP - 20:20 0.13 11.50 0.53 52.13OMIFCO Urea 0.86 33.02 0.45 19.27Imported Urea 0.05 2.35 0.17 7.45Imported DAP/WSF 0.04 3.87 1.46 292.23Imported MAP -- -- 0.01 0.25Seeds and Chemicals -- 0.05 -- 0.14
Total 1.98 130.14 3.54 449.34
v½ dPps eky dh [kiRk v) Raw Material Consumption
Year Ended 31.3.2010 Year Ended 31.3.2009fooj.k Particulars Unit Quantity Amount Quantity Amount
(Rs. in Crore) (Rs.in Crore)
Natural Gas Million SM3 423.60 197.53 352.43 166.59RLNG Million SM3 1,715.33 2,374.04 1,376.62 2,035.65PMTG Million SM3 179.61 110.42 283.64 355.06Naphtha Lakh MT 0.10 26.10 2.90 1,032.24Phosphoric Acid Lakh MT 7.85 2,258.33 4.75 3,848.12Ammonia Lakh MT 7.40 966.20 5.52 1,128.54Potash Lakh MT 6.57 1,573.46 6.12 1,436.00Urea Lakh MT 0.28 38.33 0.54 165.51Filler Lakh MT 0.38 0.67 0.51 0.79Rock Phosphate Lakh MT 16.78 955.55 17.73 1,680.31Sulphur Lakh MT 4.71 177.01 4.19 1,190.80Sulphuric Acid Lakh MT 3.83 12.29 3.95 137.27MAP Lakh MT 0.15 24.51 1.37 820.34
Total 8,714.44 13,997.22
;wfj;k,uihds 10%26%26,uihds 12%32%16Mh,ih 18%46%0 ¼daMyk½Mh,ih 18%46%0 ¼ikjknhi½,uihds 20%20v®ebQd® ;wfj;kvk;kfRkRk ;wfj;kvk;kfRkRk Mh,ih@MCY;w,l,Qvk;kfRkRk ,e,ihchTk RkFkk jlk;u
;®x
ÁkÑfRkd xSlvkj,y,uTkhih,eVhTkhuS¶FkkQkLQ®fjd ,flMve®fu;ki®Vk'k;wfj;kfQYyjj‚d QkLQsVlYQjlYQ;wfjd ,flM,e,ih
;®x
Schedule 20 (Contd.)vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
ve®fu;kv®ebQd® ;wfj;kvk;kfRkRk ;wfj;kvk;kfRkRk Mh,ih@,e,ihMCY;w,l,Q - 19:19:19chTk RkFkk jlk;u;wfj;k QkWLQsV
mi ;®x %
dqy ;®x
,uihs 20%20,e,ihfo|qr rFkk mi&mRikn
mi ;®x %
Year Ended 31.3.2010 Year Ended 31.3.2009Quantity Amount* Quantity Amount*(LMT) (Rs.in Crore) (LMT) (Rs.in Crore)
122
24. fo|qr rFkk b±/ku dh [kir 24. Power and Fuel Consumption
fooj.k Particulars Unit Year Ended Year Ended31-3-2010 31-3-2009
i) Electricitya) Purchased
Units Mwh 1,45,418 1,30,748Total amount Rs.Crore 93.67 44.01Rate per Unit Rs./Kwh 6.44 3.37
b) Own GenerationThrough GeneratorCoalUnits Mwh 398 372Total Cost Rs. Crore 39.36 38.05Units per MT of Coal Kwh 1.41 1.26Cost per Unit Rs./kwh 0.99 1.02
LSHSUnits Mwh 113 96Total Cost Rs. Crore 0.15 6.42Units per MT of LSHS Kwh 40.81 18.20Cost per Unit Rs./Kwh 4.35 6.70
Gas-NGUnits Mwh 89,638 82,645Total Cost Rs. Crore 9.28 8.26Units per 000SM
3 of Gas Kwh 22.22 21.56
Cost per Unit Rs./Kwh 1.04 1.00
Gas - RLNGUnits Mwh 3,11,645 2,77,562Total Cost Rs. Crore 73.43 70.65Units per 000SM
3 of Gas Kwh 5.36 5.39
Cost per Unit Rs./Kwh 2.36 2.55
Gas - PMTGUnits Mwh 30,284 37,674Total Cost Rs. Crore 3.13 3.76Units per 000SM3 of Gas Kwh 4.50 4.64Cost per Unit Rs./Kwh 1.04 1.00
NaphthaUnits Mwh -- 4,707Total Cost Rs. Crore -- 1.77Units per MT of Naptha Kwh -- 5.81Cost per Unit Rs./Kwh -- 3.78
HSDUnits Mwh 312 292Total Cost Rs. Crore 0.95 0.66Units per KL of HSD Kwh 1,121.01 1,544.68Cost per Unit Rs./Kwh 30.41 22.74
ii) Fuel Consumptiona) Natural Gas (NG/AG)
Quantity 000SM3 66,437 78,858Total Cost Rs. Crore 30.84 35.41Average rate per Unit Rs./000SM3 4,643 4,490
b) Natural Gas (RLNG)Quantity 000SM3 3,63,867 1,68,510Total Cost Rs. Crore 435.52 440.05Average rate per Unit Rs./000SM3 11,969 26,114
c) Natural Gas (PMTG)Quantity 000SM3 21,542 29,824Total Cost Rs. Crore 10.04 13.82Average rate per Unit Rs./000SM3 4,661 4,633
xSl&,uTkh
;wfuVdqy ykxRk000,l,e3 xSl dh ;wfuVsaÁfRk ;wfuV ykxRk
xSl&vkj,y,uTkh;wfuVdqy ykxRk000,l,e3xSl dh ;wfuVsaÁfRk ;wfuV ykxRk
xSl&ih,eVhTkh;wfuVdqy ykxRk000,l,e3 xSl ls ;wfuVsaÁfRk ;wfuV ykxRk
uSQ~Fkk;wfuVdqy ykxRkuSQ~Fkk ds ÁfRk eh Vu ls ;wfuVsaÁfRk ;wfuV ykxRk
,p,lMh;wfuVdqy ykxRk,p,lMh ds ÁfRk eh Vu ls ;wfuVsaÁfRk ;wfuV ykxRk
ii) b±Ëku dh [kiRkd½ ÁkÑfRkd xSl¼,uTkh@,Tkh½
ek=kdqy ykxRkv©lRk nj@;wfuV
[k½ ÁkÑfRkd xSl ¼vkjy,uTkh½ek=kdqy ykxRkv©lRk nj@;wfuV
x½ ÁkÑfRkd xSl ¼ih,eVhth½ek=kdqy ykxRkv©lRk nj@;wfuV
Schedule 20 (Contd.)vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
i) fo|qRkd½ [kjhnh xbZ
;wfuVdqy jkf'knj@;wfuV
[k½ Lo;a mRikfnRkTksujsVj }kjkd®;yk;wfuVdqy ykxRk;wfuV izfr eh Vu d®;ykÁfRk ;wfuV ykxRk
,y,l,p,l;wfuVdqy ykxRkÁfRk eh0 Vu ,y,l,p,l ls ;wfuVsaÁfRk ;wfuV ykxRk
123
d) NaphthaQuantity MT 6,229 56,149Total Cost Rs. Crore 16.00 180.93Average rate per Unit Rs./MT 25,690 32,224
e) FO / LSHSQuantity MT 17,716 50,252Total Cost Rs. Crore 38.69 154.82Average rate per Unit Rs./MT 21,839 30,809
f) HSDQuantity KL 154 395Total Cost Rs. Crore 0.53 1.38Average rate per Unit Rs./KL 34,121 35,011
g) CoalQuantity MT 2,10,253 1,71,198Total Cost Rs. Crore 37.96 32.76Average rate per Unit Rs./MT 1,806 1,914
iii) Consumption of Power and Fuel per Unit of Productiona) Urea
- Electricity Kwh 13.355 13.814- Gas – NG / AG 000SM3 0.005 0.029- Gas – RLNG 000SM3 0.018 0.041- Naphtha KG 5.600 34.370- LSHS / FO MT -- 0.009- Coal MT 0.014 0.054
b) Phosphatic Fertilisers- Electricity Kwh 22.630 23.432- FO / LSHS MT -- 0.004- Coal MT 0.058 0.080
iv) Overall Energy Consumption
Urea
Kalol Gcal/MT 5.796 5.949Phulpur-I Gcal/MT 6.687 6.895Phulpur-II Gcal/MT 5.658 5.980Aonla-I Gcal/MT 5.690 5.697Aonla-II Gcal/MT 5.544 5.522
Overall Gcal/MT 5.830 5.941
Phosphatic Fertilisers (In terms of P2O5)
Kandla Gcal/MT 0.244 0.304Paradeep Gcal/MT 1.784 2.111
25. Previous Year figures have been regrouped wherever considered necessaryto correspond with the Current Year figures.
fooj.k Particulars Unit Year Ended Year Ended31-3-2010 31-3-2009
Schedule 20 (Contd.)vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½vuqlwph 20 ¼tkjh½
?k½ uSQ~Fkkek=kdqy ykxRkv©lRk nj@;wfuV
p½ b±Ëku vk;y@,y,l,p,lek=kdqy ykxRkv©lRk nj@;wfuV
N½ ,p,lMhek=kdqy ykxRkv©lRk nj@;wfuV
t½ dks;ykek=kdqy ykxRkv©lRk nj@;wfuV
iii) ÁfRk ;wfuV mRiknu ij fo|qRk RkFkk b±Ëku dh [kiRkd½ ;wfj;k
fcTkyhxSl&,uTkh@,thxSl&vkj,y,uTkhuSQ~Fkk,y,l,p,l@,Qv®d®;yk
[k½ QkLQsfVd moZjdfcTkyhb±Ëku&R®y@,y,l,p,ldks;yk
iv) lexz ÅTkkZ [kiRk
;wfj;k
dy®yQwyiqj&IQwyiqj&IIvkaoyk&Ivkaoyk&II
lexz
QkLQsfVd moZjd ¼ih2v®5 ds :i esa½
dkaMyk
ikjknhi
25- Tkgka&dgÈ vko';d le>k x;k gS] xRk o"kZ ds vkadM+ksa d®pkyw o"kZ ds vkadM+ksa ds lkFk n'kkZ;k x;k gS A
(Eò) |ÉSÉɱÉxÉ MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä xÉEònùÒ EòÉ |É´Éɽþ: (A) Cash Flow From Operating Activities:
Net Profit Before Tax 567.28 441.95
Eäò ʱÉB ºÉ¨ÉɪÉÉäVÉxÉ : Adjustment for :
¨ÉÚ±ªÉ¿ÉºÉ Depreciation 481.94 470.28
¤ªÉÉVÉ (ÊxɴɱÉ) Interest (Net) 314.20 857.19
ºÉÆÊnùMvÉ @ñhÉÉå Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Doubtful Debts 18.16 0.01
{kfrxzLr eky ij gkfu Loss on Damaged Goods -- 17.60
ekxZLFk eky ds ewY; dk jkbV Mkmu Write down of Value of Goods-in-Transit -- 107.68
|ɦÉÉÊ®úiÉ/ºÉ¨ÉɪÉÉäÊVÉiÉ ®úÉ榃 Amount charged off / adjusted 0.08 0.04
fjVu vkWQ ifjlEifÙk;ka Assets Written-off 0.81 13.41
fuos'kksa ¼fuoy½ dh fcØh ij gkfu Loss on Sale of Investments (Net) -- 83.16
fofue; nj esa ?kVk&c<+h ¼fuoy½ Exchange Rate Variations (Net) (105.27) 148.84
ºlÉÉ<Ç {ÉÊ®úºÉ¨{ÉÊkɪÉÉå EòÒ Ê¤ÉGòÒ/fuiVku ds fy, Loss on Sale/Held for Disposal
jksdus ºÉä ½þÉÊxÉ (ÊxɴɱÉ) of Fixed Assets (Net) 28.10 4.29
±ÉɦÉÉÆ¶É EòÒ +ÉªÉ Dividend Income (196.89) (274.42)
+ɺlÉÊMÉiÉ ®Éú Vɺ´É ´ªÉªÉ-fjVu vkQW -º´ÉÎè SUôEò Deferred Revenue Expenses
ºÉä´ÉÉÊxÉ´ÉÞÊkÉ Written off - VRS 3.90 3.90
cV~Vs [kkrs Mkys x;s nh?kkZof/kd fuos'k Long Term Investment written-off 38.89 --
nh?kkZof/kd fuos'kksa ds ewY; esa deh Diminution in value of Long Term Investments 2.41 81.16
näùªÉiÉÉBÆ / |ÉÉ´ÉvÉÉxÉÉäÆ EòÉä ´ÉÉÊ{ÉºÉ JÉÉiÉä ¨Éå ±ÉäxÉÉ Liabilities / Provision written back (7.73) 578.60 (3.88) 1,509.26
EòɪÉǶÉÒ±É {ÉÚÆVÉÒ ¨Éå {ÉÊ®ú´ÉiÉÇxÉÉå ºÉä Operating Profit before Working
{ÉÚ´ÉÇ |ÉSÉɱÉxÉ ±ÉÉ¦É Capital Changes 1,145.88 1,951.21
ºÉ¨ÉɪÉÉäVÉxÉ Eäò ʱÉB : Adjustment for:
¨ÉɱɺÉÚÊSɪÉÉÆ Inventories 429.11 (279.54)
´ªÉÉ{ÉÉ®ú +Éè®ú |ÉÉÊ{iÉ ªÉÉäMªÉ +xªÉ ®úÉʶɪÉÉÆ Trade and Other Receivables 2,387.07 (1,745.00)
´ªÉÉ{ÉÉ®ú ¨Éå ¦ÉÖMÉiÉÉxÉ ªÉÉäMªÉ ®úÉʶɪÉÉÆÆ +Éè® |ÉÉ´ÉvÉÉxÉ Trade Payable and Provisions (976.97) 1,839.21 1,747.04 (277.50)
|ÉSÉɱÉxÉ ºÉä |ÉÉ{iÉ xÉEònùÒ Cash Generated from Operations 2,985.09 1,673.71
|ÉiªÉIÉ Eò®úÉäÆ EòÉ ¦ÉÖMÉiÉÉxÉ Direct Taxes Paid
(´ÉÉÊ{ÉºÉ |ÉÉ{iÉ ½Öþ<Ç ®úÉʶɪÉÉå EòÉ ÊxɴɱÉú) (Net of Refunds) (169.79) (135.23)
ºÉ½þEòÉ®úÒ Ê¶ÉIÉÉ ÊxÉÊvÉ ¨Éå Hkqxrku Payment towards Cooperative Education Fund (3.59) (2.57)
lgdkjh fodkl fuf/k ls Hkqxrku Contribution to Cooperative Development Fund 0.61 --
lgdkjh dY;k.k fuf/k esa Hkqxrku Payment to Cooperative Welfare Fund (0.64) (1.90)
nùÉxÉ ¨Éå nùÒ MÉ<Ç ®úÉ榃 Donations Paid (0.21) (173.62) (1.87) (141.57)
|ÉSÉɱÉxÉ MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä ÊxÉ´É±É xÉEònùÒ (Eò): Net Cash From Operating Activities (A): 2,811.47 1,532.14
Eò®ú-{ÉÚ´ÉÇ ÊxÉ´É±É ±ÉɦÉ
(Rs. in Crore)
¼djksM+ #i;s esa½
Year Ended 31.3.2010dks lekIr o"kZ
Year Ended 31.3.2009
dks lekIr o"kZ
31 2010 dks lekIr o"kZ ds
udnh izokg dk fooj.k
ekpZ] Cash Flow Statement
For the year ended 31st March, 2010
124
(JÉ) ÊxÉ´Éä¶É MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä xÉEònùÒ EòÉ |É´Éɽþ : (B) Cash Flow From Investing Activities:
ºlÉÉ<Ç {ÉÊ®úºÉ¨{ÉÊkɪÉÉå EòÒ JÉ®úÒnù Purchase of Fixed Assets ºÉÒ b÷¤±ªÉÚ +É<Ç {ÉÒ ºÉʽþiÉ including CWIP (411.31) (579.32)
ÊxÉ´Éä¶ÉÉäÆ EòÒ JÉ®úÒn (ÊxɴɱÉ) Purchase of Investments (Net) (19.64) (6,300.54)
|ÉÉ{iÉ ±ÉɦÉÉÆ¶É Dividend Received 196.89 274.42
|ÉÉ{iÉ ¤ªÉÉVÉ Interest Received 450.78 55.66
Êxɴɶä É MÉÊiÉÊ´ÉÊvɪÉÉ å ¨É å ÊxÉ´É±É xÉEònùÒ EòÉ ={ɪÉÉMä É (JÉ): Net Cash used in Investing Activities (B): 216.72 (6,549.78)
(MÉ) Ê´ÉkÉÒªÉ MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä xÉEònùÒ EòÉ |É´Éɽ: (C) Cash Flow From Financing Activities:
¶ÉäªÉ®ú {ÉÚÆVÉÒ <¶ªÉÚ ºÉä |ÉÉÎ{iɪÉÉÆ Proceeds from issue of Share Capital (0.04) 2.35
lkof/k _.kksa dk Hkqxrku Repayment of Term Loans (175.57) (362.67)
+ɺlÉÊMÉiÉ ´ªÉÉ{ÉÉ® ú Eò® ú @ñhÉ ¼fuoy½ dk Hkxq rku Repayment of Deferred Trade Tax Loan (Net) (9.76) (9.21)
dk;Z'khy iwath m/kkj esa o`f)@¼deh½ Increase / (Decrease) in Cash Credit (796.44) 589.37
+±{ÉÉ´ÉÊvÉEò =vÉÉ®ú esa o`f)@¼deh½ Increase / (Decrease) in Short Term Loans (288.84) 5,809.65
¤ªÉÉVÉ EòÉ ¦ÉÖMÉiÉÉxÉ Interest Paid (779.31) (1,008.14)
±ÉɦÉÉÆ¶É EòÉ ¦ÉÖMÉiÉÉxÉ Dividend Paid (85.10) (84.53)
Ê´Énù¶ä ÉÒ ¨ÉpÖ ùÉ Ê´ÉÊxÉ¨ÉªÉ nù® ú ¨É å ?kVk&c<h+ ¼fuoy½ Exchange Rate Variation (Net)
Ê´ÉkÉÒªÉ MÉÊiÉÊ´ÉÊvɪÉÉ å ¨É å ÊxÉ´É±É xÉEònùÒ EòÉ ={ɪÉÉMä É (MÉ): Net Cash Used in Financing Activities (C): (2,022.51) 4,843.95
xÉEònùÒ B´ÉÆ xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ NET INCREASE / (DECREASE) IN CASH AND
¨Éå ÊxÉ´É±É ´ÉÞÊrù/(Eò¨ÉÒ) (Eò+JÉ+MÉ) CASH EQUIVALENTS (A+B+C) 1,005.68 (173.69)
´É¹ÉÇ Eäò +É®Æú¦É ¨Éå xÉEònùÒ B´ÉÆ CASH AND CASH EQUIVALENTS AS AT THE
xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ BEGINNING OF THE YEAR 69.63 243.32
´É¹ÉÇ Eäò +ÆiÉ ¨Éå xÉEònùÒ B´ÉÆ CASH AND CASH EQUIVALENTS AS AT THE
xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ CLOSE OF THE YEAR 1,075.31 69.63
xÉEònùÒ B´ÉÆ xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ NET INCREASE / (DECREASE) IN CASH AND
¨Éå ÊxÉ´É±É ´ÉÞÊrù/(Eò¨ÉÒ) CASH EQUIVALENTS 1,005.68 (173.69)
112.55 (92.87)
(Rs. in Crore)¼djksM+ #i;s esa½
Year Ended 31.3.2010
dks lekIr o"kZYear Ended 31.3.2009
dks lekIr o"kZ
31 2010 dks lekIr o"kZ dsudnh izokg dk fooj.k¼tkjh½
ekpZ] Cash Flow StatementFor the year ended 31st March, 2010 (Contd.)
Notes : Cash and Cash Equivalents consist of Cash-in-Hand, Cheques-in-Hand, Balance with Banks and Remittances-in-Transit.
fVIi.kh% udnh vkSj udnh ds lerqY; esa] ikl esa udnh] cSadksa esa 'ks"k vkSj ekxZLFk tek jkf'k;ka 'kkfey gSaAikl esa psd]
125
gekjh blh rkjh[k dh fjiksVZ ds vuqlkjAs per our report of even date
(Rakesh Kapur)Joint Managing Director &
Chief Financial Officer
(U. S. Awasthi)Managing Director
Place : New DelhiDated : April 26, 2010
(Rajesh Sethi)Partner
M. No. 85669
For J.C. Bhalla & Co.Chartered Accountants
Regn. No. 001111 N
For S.K. Mehta & Co.Chartered Accountants
Regn. No. 000478 N
(Rohit Mehta)Partner
M. No. 91382
For Rajnish & AssociatesChartered Accountants
Regn. No. 014666 N
(Rajnish Aggarwal)Partner
M. No. 81180
For Arun Singh & Co.Chartered Accountants
Regn. No. 011863 H
( )Partner
M. No. 93735
Rajiv Singh
For S.C. Vasudeva & Co.Chartered Accountants
Regn. No. 000235 N
( )Partner
M. No. 81052
R.C. Luthra
(Eò) |ÉSÉɱÉxÉ MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä xÉEònùÒ EòÉ |É´Éɽþ: (A) Cash Flow From Operating Activities:
Net Profit Before Tax 567.28 441.95
Eäò ʱÉB ºÉ¨ÉɪÉÉäVÉxÉ : Adjustment for :
¨ÉÚ±ªÉ¿ÉºÉ Depreciation 481.94 470.28
¤ªÉÉVÉ (ÊxɴɱÉ) Interest (Net) 314.20 857.19
ºÉÆÊnùMvÉ @ñhÉÉå Eäò ʱÉB |ÉÉ´ÉvÉÉxÉ Provision for Doubtful Debts 18.16 0.01
{kfrxzLr eky ij gkfu Loss on Damaged Goods -- 17.60
ekxZLFk eky ds ewY; dk jkbV Mkmu Write down of Value of Goods-in-Transit -- 107.68
|ɦÉÉÊ®úiÉ/ºÉ¨ÉɪÉÉäÊVÉiÉ ®úÉ榃 Amount charged off / adjusted 0.08 0.04
fjVu vkWQ ifjlEifÙk;ka Assets Written-off 0.81 13.41
fuos'kksa ¼fuoy½ dh fcØh ij gkfu Loss on Sale of Investments (Net) -- 83.16
fofue; nj esa ?kVk&c<+h ¼fuoy½ Exchange Rate Variations (Net) (105.27) 148.84
ºlÉÉ<Ç {ÉÊ®úºÉ¨{ÉÊkɪÉÉå EòÒ Ê¤ÉGòÒ/fuiVku ds fy, Loss on Sale/Held for Disposal
jksdus ºÉä ½þÉÊxÉ (ÊxɴɱÉ) of Fixed Assets (Net) 28.10 4.29
±ÉɦÉÉÆ¶É EòÒ +ÉªÉ Dividend Income (196.89) (274.42)
+ɺlÉÊMÉiÉ ®Éú Vɺ´É ´ªÉªÉ-fjVu vkQW -º´ÉÎè SUôEò Deferred Revenue Expenses
ºÉä´ÉÉÊxÉ´ÉÞÊkÉ Written off - VRS 3.90 3.90
cV~Vs [kkrs Mkys x;s nh?kkZof/kd fuos'k Long Term Investment written-off 38.89 --
nh?kkZof/kd fuos'kksa ds ewY; esa deh Diminution in value of Long Term Investments 2.41 81.16
näùªÉiÉÉBÆ / |ÉÉ´ÉvÉÉxÉÉäÆ EòÉä ´ÉÉÊ{ÉºÉ JÉÉiÉä ¨Éå ±ÉäxÉÉ Liabilities / Provision written back (7.73) 578.60 (3.88) 1,509.26
EòɪÉǶÉÒ±É {ÉÚÆVÉÒ ¨Éå {ÉÊ®ú´ÉiÉÇxÉÉå ºÉä Operating Profit before Working
{ÉÚ´ÉÇ |ÉSÉɱÉxÉ ±ÉÉ¦É Capital Changes 1,145.88 1,951.21
ºÉ¨ÉɪÉÉäVÉxÉ Eäò ʱÉB : Adjustment for:
¨ÉɱɺÉÚÊSɪÉÉÆ Inventories 429.11 (279.54)
´ªÉÉ{ÉÉ®ú +Éè®ú |ÉÉÊ{iÉ ªÉÉäMªÉ +xªÉ ®úÉʶɪÉÉÆ Trade and Other Receivables 2,387.07 (1,745.00)
´ªÉÉ{ÉÉ®ú ¨Éå ¦ÉÖMÉiÉÉxÉ ªÉÉäMªÉ ®úÉʶɪÉÉÆÆ +Éè® |ÉÉ´ÉvÉÉxÉ Trade Payable and Provisions (976.97) 1,839.21 1,747.04 (277.50)
|ÉSÉɱÉxÉ ºÉä |ÉÉ{iÉ xÉEònùÒ Cash Generated from Operations 2,985.09 1,673.71
|ÉiªÉIÉ Eò®úÉäÆ EòÉ ¦ÉÖMÉiÉÉxÉ Direct Taxes Paid
(´ÉÉÊ{ÉºÉ |ÉÉ{iÉ ½Öþ<Ç ®úÉʶɪÉÉå EòÉ ÊxɴɱÉú) (Net of Refunds) (169.79) (135.23)
ºÉ½þEòÉ®úÒ Ê¶ÉIÉÉ ÊxÉÊvÉ ¨Éå Hkqxrku Payment towards Cooperative Education Fund (3.59) (2.57)
lgdkjh fodkl fuf/k ls Hkqxrku Contribution to Cooperative Development Fund 0.61 --
lgdkjh dY;k.k fuf/k esa Hkqxrku Payment to Cooperative Welfare Fund (0.64) (1.90)
nùÉxÉ ¨Éå nùÒ MÉ<Ç ®úÉ榃 Donations Paid (0.21) (173.62) (1.87) (141.57)
|ÉSÉɱÉxÉ MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä ÊxÉ´É±É xÉEònùÒ (Eò): Net Cash From Operating Activities (A): 2,811.47 1,532.14
Eò®ú-{ÉÚ´ÉÇ ÊxÉ´É±É ±ÉɦÉ
(Rs. in Crore)
¼djksM+ #i;s esa½
Year Ended 31.3.2010dks lekIr o"kZ
Year Ended 31.3.2009
dks lekIr o"kZ
31 2010 dks lekIr o"kZ ds
udnh izokg dk fooj.k
ekpZ] Cash Flow Statement
For the year ended 31st March, 2010
124
(JÉ) ÊxÉ´Éä¶É MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä xÉEònùÒ EòÉ |É´Éɽþ : (B) Cash Flow From Investing Activities:
ºlÉÉ<Ç {ÉÊ®úºÉ¨{ÉÊkɪÉÉå EòÒ JÉ®úÒnù Purchase of Fixed Assets ºÉÒ b÷¤±ªÉÚ +É<Ç {ÉÒ ºÉʽþiÉ including CWIP (411.31) (579.32)
ÊxÉ´Éä¶ÉÉäÆ EòÒ JÉ®úÒn (ÊxɴɱÉ) Purchase of Investments (Net) (19.64) (6,300.54)
|ÉÉ{iÉ ±ÉɦÉÉÆ¶É Dividend Received 196.89 274.42
|ÉÉ{iÉ ¤ªÉÉVÉ Interest Received 450.78 55.66
Êxɴɶä É MÉÊiÉÊ´ÉÊvɪÉÉ å ¨É å ÊxÉ´É±É xÉEònùÒ EòÉ ={ɪÉÉMä É (JÉ): Net Cash used in Investing Activities (B): 216.72 (6,549.78)
(MÉ) Ê´ÉkÉÒªÉ MÉÊiÉÊ´ÉÊvɪÉÉå ºÉä xÉEònùÒ EòÉ |É´Éɽ: (C) Cash Flow From Financing Activities:
¶ÉäªÉ®ú {ÉÚÆVÉÒ <¶ªÉÚ ºÉä |ÉÉÎ{iɪÉÉÆ Proceeds from issue of Share Capital (0.04) 2.35
lkof/k _.kksa dk Hkqxrku Repayment of Term Loans (175.57) (362.67)
+ɺlÉÊMÉiÉ ´ªÉÉ{ÉÉ® ú Eò® ú @ñhÉ ¼fuoy½ dk Hkxq rku Repayment of Deferred Trade Tax Loan (Net) (9.76) (9.21)
dk;Z'khy iwath m/kkj esa o`f)@¼deh½ Increase / (Decrease) in Cash Credit (796.44) 589.37
+±{ÉÉ´ÉÊvÉEò =vÉÉ®ú esa o`f)@¼deh½ Increase / (Decrease) in Short Term Loans (288.84) 5,809.65
¤ªÉÉVÉ EòÉ ¦ÉÖMÉiÉÉxÉ Interest Paid (779.31) (1,008.14)
±ÉɦÉÉÆ¶É EòÉ ¦ÉÖMÉiÉÉxÉ Dividend Paid (85.10) (84.53)
Ê´Énù¶ä ÉÒ ¨ÉpÖ ùÉ Ê´ÉÊxÉ¨ÉªÉ nù® ú ¨É å ?kVk&c<h+ ¼fuoy½ Exchange Rate Variation (Net)
Ê´ÉkÉÒªÉ MÉÊiÉÊ´ÉÊvɪÉÉ å ¨É å ÊxÉ´É±É xÉEònùÒ EòÉ ={ɪÉÉMä É (MÉ): Net Cash Used in Financing Activities (C): (2,022.51) 4,843.95
xÉEònùÒ B´ÉÆ xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ NET INCREASE / (DECREASE) IN CASH AND
¨Éå ÊxÉ´É±É ´ÉÞÊrù/(Eò¨ÉÒ) (Eò+JÉ+MÉ) CASH EQUIVALENTS (A+B+C) 1,005.68 (173.69)
´É¹ÉÇ Eäò +É®Æú¦É ¨Éå xÉEònùÒ B´ÉÆ CASH AND CASH EQUIVALENTS AS AT THE
xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ BEGINNING OF THE YEAR 69.63 243.32
´É¹ÉÇ Eäò +ÆiÉ ¨Éå xÉEònùÒ B´ÉÆ CASH AND CASH EQUIVALENTS AS AT THE
xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ CLOSE OF THE YEAR 1,075.31 69.63
xÉEònùÒ B´ÉÆ xÉEònùÒ Eäò ºÉ¨ÉiÉÖ±ªÉ NET INCREASE / (DECREASE) IN CASH AND
¨Éå ÊxÉ´É±É ´ÉÞÊrù/(Eò¨ÉÒ) CASH EQUIVALENTS 1,005.68 (173.69)
112.55 (92.87)
(Rs. in Crore)¼djksM+ #i;s esa½
Year Ended 31.3.2010
dks lekIr o"kZYear Ended 31.3.2009
dks lekIr o"kZ
31 2010 dks lekIr o"kZ dsudnh izokg dk fooj.k¼tkjh½
ekpZ] Cash Flow StatementFor the year ended 31st March, 2010 (Contd.)
Notes : Cash and Cash Equivalents consist of Cash-in-Hand, Cheques-in-Hand, Balance with Banks and Remittances-in-Transit.
fVIi.kh% udnh vkSj udnh ds lerqY; esa] ikl esa udnh] cSadksa esa 'ks"k vkSj ekxZLFk tek jkf'k;ka 'kkfey gSaAikl esa psd]
125
gekjh blh rkjh[k dh fjiksVZ ds vuqlkjAs per our report of even date
(Rakesh Kapur)Joint Managing Director &
Chief Financial Officer
(U. S. Awasthi)Managing Director
Place : New DelhiDated : April 26, 2010
(Rajesh Sethi)Partner
M. No. 85669
For J.C. Bhalla & Co.Chartered Accountants
Regn. No. 001111 N
For S.K. Mehta & Co.Chartered Accountants
Regn. No. 000478 N
(Rohit Mehta)Partner
M. No. 91382
For Rajnish & AssociatesChartered Accountants
Regn. No. 014666 N
(Rajnish Aggarwal)Partner
M. No. 81180
For Arun Singh & Co.Chartered Accountants
Regn. No. 011863 H
( )Partner
M. No. 93735
Rajiv Singh
For S.C. Vasudeva & Co.Chartered Accountants
Regn. No. 000235 N
( )Partner
M. No. 81052
R.C. Luthra
Ê´É´É®úhÉ Year Ended 31.3.2010 Year Ended 31.3.2009 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ
ʤÉGòÒ ºÉä +ÉªÉ Income from Sales 16,808.57 32,933.30
±ÉɦÉÉÆ¶É ´É +xªÉ +ÉªÉ Dividend and Other Income 841.55 499.00
17,650.12 33,432.30
PÉ]õÉBÆ: Less:
ºÉɨÉOÉÒ EòÒ ±ÉÉMÉiÉ Cost of Materials 13,848.22 29,418.89
Ê´ÉÊxɨÉÉÇhÉ, |ɶÉɺÉxÉ, Ê´ÉiÉ®úhÉ ´É +xªÉ ´ªÉªÉ Manufacturing, Admn., Distribution 1,309.60 1,481.91and Other Expenses
VÉÉäc÷É MɪÉÉ EÖò±É ¨ÉÚ±ªÉ Total Value Added 2,492.30 2,531.50
´ªÉªÉ EòÉ Ê´ÉiÉ®úhÉ : Applied to meet:
Eò¨ÉÇSÉÉ®úÒ ±ÉÉMÉiÉ Employee Cost 702.12 595.96
¤ªÉÉVÉ EòÉ ¦ÉÖMÉiÉÉxÉ Interest Payment 764.98 1,023.20
+ɪÉEò®ú (ÊxɴɱÉ) Income Tax (Net) 191.53 74.00
±ÉɦÉÉÆ¶É Dividend 85.18 85.10
nùÉxÉ Donations 0.50 1.75
ºÉ½þEòÉ®úÒ Ê¶ÉIÉÉ ÊxÉÊvÉ Cooperative Education Fund 4.01 3.59
vÉÉÊ®úiÉ xÉEònù ±ÉÉ¦É Retained Cash Profit 743.98 747.90
EÖò±É VÉÉäcä÷ MɪÉä ¨ÉÚ±ªÉ EòÉ ={ɪÉÉäMÉ Total Utilisation of Value Added 2,492.30 2,531.50
+xÉÖ{ÉÉiÉ RATIOS
EÖò±É +ÉªÉ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (|ÉÊiɶÉiÉ) Value added to Total Income (%) 14.12 7.57
±ÉMÉÒ ½Öþ<Ç {ÉÚÆVÉÒ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (|ÉÊiɶÉiÉ) Value added to Capital Employed (%) 14.82 17.89
ÊxÉ´É±É ºÉ¨{ÉÊkÉ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (|ÉÊiɶÉiÉ) Value added to Net Worth %) 58.36 63.95
|ÉÊiÉ Eò¨ÉÇSÉÉ®úÒ VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (±ÉÉJÉ ¯û{ɪÉä ¨Éå) Value added per Employee (Rs. Lakh) 37.06 37.46
ParticularsEòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ
(Eò®úÉäc÷ ¯û{ɪÉä ¨Éå)(Rs. in Crore)
Value Added is the wealth, which an enterprise has been able to create through the collective effort of capital, management and employees. In economic terms, value added is the market price of the output of an enterprise less the price of the goods and services acquired by transfer. Value Added can provide a useful measure in gauging performance and activity of the Company.
VÉÉäc÷É MɪÉÉ ÉÚ±ªÉ ɽþ ºÉ¨{ÉÊkÉ ½èþ VÉ EòÉä<Ç =t¨É {ÉÚÆVÉÒ, |ɤÉÆvÉxÉ +Éè®ú Eò¨ÉÇSÉÉÊ®úªÉÉå Eäò ºÉɨÉÚʽþEò |ɪÉɺÉÉå ºÉä ºÉÞÊVÉiÉ Eò®úiÉÉ ½èþ* +lÉÇ-¶ÉɺjÉ EòÒ ¦ÉɹÉÉ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ ÊEòºÉÒ =t¨É Eäò =i{ÉÉnùxÉ Eäò ¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ ¨Éå ºÉä +xiÉ®úhÉ ºÉä |ÉÉ{iÉ ºÉɨÉOÉÒ +Éè®ú ºÉä´ÉÉ+Éå Eäò ÉÚ±ªÉ EòÉä PÉ]õÉEò®ú |ÉÉ{iÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* VÉÉäc÷É MɪÉÉ ÉÚ±ªÉ ÊEòºÉÒ EÆò{ÉxÉÒ Eäò EòɪÉÇÊxɹ{ÉÉnùxÉ +Éè®ú MÉÊiÉÊ´ÉÊvɪÉÉå EòÉä ÉÉ{ÉxÉä EòÉ BEò ɽþi´É{ÉÚhÉÇ {Éè¨ÉÉxÉÉ ½èþ*
Ê ºÉä
tksM+s x, ewY; dk fooj.k Value Added Statement
126
mRiknu vkjS fcØh Production and Sales
mRiknu@Ø; Production / Purchase
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11(Budgeted)
veksfu;k Ammonia-dyksy - Kalol 3.44 3.46 3.18 3.28 3.84 3.63-Qwyiqjú-I - Phulpur-I 3.20 3.41 3.76 3.93 4.23 4.06-Qwyiqjú-II - Phulpur-II 5.16 5.06 5.20 4.76 5.84 5.78-vkaoykú-I - Aonla-I 4.79 5.08 5.10 5.69 5.78 5.61-vkaoyk-II - Aonla-II 5.48 5.20 5.67 5.90 5.84 5.78;wfj;k Urea-dyksy - Kalol 5.46 5.60 5.45 5.60 6.00 5.75-Qwyiqjú-I - Phulpur-I 5.51 5.74 6.30 6.63 7.23 7.00-Qwyiqjú-II - Phulpur-II 8.85 8.83 9.24 8.41 10.00 10.00-vkaoykú-I - Aonla-I 8.63 8.85 8.76 9.87 10.01 9.70-vkaoyk-II - Aonla-II 8.75 8.85 9.89 10.18 10.00 10.00-vk;kfrr@vksebQdks - Imported / OMIFCO 13.66 14.55 15.12 17.37 20.52 18.25,uihds NPK-dkaMyk - Kandla 17.06 16.72 15.32 16.04 16.51 20.15-ikjknhi - Paradeep -- 3.32 2.73 8.69 10.98 10.26Mh,ih DAP-dkaMyk ú - Kandla 9.96 8.04 4.86 1.89 7.23 4.00-ikjknhi - Paradeep 0.30 4.18 5.93 4.36 4.02 6.04-vk;kfrr - Imported 5.74 7.17 2.19 23.26 15.88 7.00
ʤÉGòÒ Sales
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11(Budgeted)
veksfu;k Ammonia -dyksy@vkaoyk - Kalol / Aonla 0.21 0.13 -- -- -- ---VsªfMax - Trading 2.34 2.27 1.66 0.70 -- --;wfj;k Urea
-dyksy - Kalol 5.57 5.77 5.50 5.67 6.03 5.80-Qwyiqjú-I - Phulpur-I 5.58 5.73 6.37 6.53 7.30 7.25-Qwyiqjú-II - Phulpur-II 9.09 8.67 9.26 8.32 10.04 10.35-vkaoykú-I - Aonla-I 8.41 9.40 8.69 9.93 9.92 10.10-vkaoykú-II - Aonla-II 8.74 9.23 9.83 10.26 9.93 10.05-vk;kfrr@vksebQdks - Imported / OMIFCO 12.73 13.60 14.63 17.98 20.13 19.35,uihds NPK-dkaMyk - Kandla 16.56 15.05 18.14 16.52 16.57 18.40-ikjknhi - Paradeep -- 1.97 4.05 8.20 11.38 10.60Mh,ih DAP-dkaMyk - Kandla 9.30 6.95 7.28 1.98 7.28 4.05-ikjknhi - Paradeep 0.25 2.93 6.95 4.65 3.85 6.05-vk;kfrr - Imported 5.70 6.78 2.52 22.54 15.84 7.00
(Eò®úÉäc÷ ¯û{ɪÉä ¨Éå) (Rs. in Crore)ʤÉGò Ò ¨ÉÚ±ªÉ Value of Sales
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11(Budgeted)
veksfu;k Ammonia-dyksy@vkaoyk - Kalol / Aonla 27.80 21.02 -- 0.03 -- ---VªsfMax - Trading 288.74 250.02 189.99 134.21 -- --;wfj;k Urea-dyksy - Kalol 255.31 264.81 253.22 261.66 277.95 266.51-Qwyiqjú-I - Phulpur-I 255.61 263.21 292.66 300.87 335.94 333.14-Qwyiqjú-II - Phulpur-II 416.33 398.32 425.61 383.34 462.03 475.58-vkaoykú-I - Aonla-I 385.52 431.97 400.55 458.41 458.37 464.10-vkaoykú-II - Aonla-II 400.91 424.71 452.93 473.71 458.99 461.80-vk;kfrr@vksebQdks - Imported / OMIFCO 594.47 625.32 674.70 831.08 928.77 889.75,uihds NPK-dkaMyk - Kandla 1,344.66 1,225.35 1,475.10 1,202.48 1,169.44 1,315.96-ikjknhi - Paradeep -- 137.52 282.22 503.82 690.47 636.53Mh,ih DAP-dkaMyk - Kandla 864.39 632.50 661.92 180.08 662.59 366.88-ikjknhi - Paradeep -- 265.33 629.65 422.03 349.31 548.13-vk;kfrr - Imported 517.36 605.53 221.12 2,227.62 1,438.11 634.20cht] jlk;u] fctyh Seeds, Chemicals, Power o mi mRikn and By-Products 7.10 8.93 8.80 8.36 15.33 19.32
;ksx Total 5,358.20 5,554.54 5,968.47 7,387.70 7,247.30 6,411.90
127
¼ek=kk yk[k Vu esa½ (Quantity in Lakh MT)
¼ek=kk yk[k Vu esa½ (Quantity in Lakh MT)
Ê´É´É®úhÉ Year Ended 31.3.2010 Year Ended 31.3.2009 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ
ʤÉGòÒ ºÉä +ÉªÉ Income from Sales 16,808.57 32,933.30
±ÉɦÉÉÆ¶É ´É +xªÉ +ÉªÉ Dividend and Other Income 841.55 499.00
17,650.12 33,432.30
PÉ]õÉBÆ: Less:
ºÉɨÉOÉÒ EòÒ ±ÉÉMÉiÉ Cost of Materials 13,848.22 29,418.89
Ê´ÉÊxɨÉÉÇhÉ, |ɶÉɺÉxÉ, Ê´ÉiÉ®úhÉ ´É +xªÉ ´ªÉªÉ Manufacturing, Admn., Distribution 1,309.60 1,481.91and Other Expenses
VÉÉäc÷É MɪÉÉ EÖò±É ¨ÉÚ±ªÉ Total Value Added 2,492.30 2,531.50
´ªÉªÉ EòÉ Ê´ÉiÉ®úhÉ : Applied to meet:
Eò¨ÉÇSÉÉ®úÒ ±ÉÉMÉiÉ Employee Cost 702.12 595.96
¤ªÉÉVÉ EòÉ ¦ÉÖMÉiÉÉxÉ Interest Payment 764.98 1,023.20
+ɪÉEò®ú (ÊxɴɱÉ) Income Tax (Net) 191.53 74.00
±ÉɦÉÉÆ¶É Dividend 85.18 85.10
nùÉxÉ Donations 0.50 1.75
ºÉ½þEòÉ®úÒ Ê¶ÉIÉÉ ÊxÉÊvÉ Cooperative Education Fund 4.01 3.59
vÉÉÊ®úiÉ xÉEònù ±ÉÉ¦É Retained Cash Profit 743.98 747.90
EÖò±É VÉÉäcä÷ MɪÉä ¨ÉÚ±ªÉ EòÉ ={ɪÉÉäMÉ Total Utilisation of Value Added 2,492.30 2,531.50
+xÉÖ{ÉÉiÉ RATIOS
EÖò±É +ÉªÉ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (|ÉÊiɶÉiÉ) Value added to Total Income (%) 14.12 7.57
±ÉMÉÒ ½Öþ<Ç {ÉÚÆVÉÒ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (|ÉÊiɶÉiÉ) Value added to Capital Employed (%) 14.82 17.89
ÊxÉ´É±É ºÉ¨{ÉÊkÉ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (|ÉÊiɶÉiÉ) Value added to Net Worth %) 58.36 63.95
|ÉÊiÉ Eò¨ÉÇSÉÉ®úÒ VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ (±ÉÉJÉ ¯û{ɪÉä ¨Éå) Value added per Employee (Rs. Lakh) 37.06 37.46
ParticularsEòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ
(Eò®úÉäc÷ ¯û{ɪÉä ¨Éå)(Rs. in Crore)
Value Added is the wealth, which an enterprise has been able to create through the collective effort of capital, management and employees. In economic terms, value added is the market price of the output of an enterprise less the price of the goods and services acquired by transfer. Value Added can provide a useful measure in gauging performance and activity of the Company.
VÉÉäc÷É MɪÉÉ ÉÚ±ªÉ ɽþ ºÉ¨{ÉÊkÉ ½èþ VÉ EòÉä<Ç =t¨É {ÉÚÆVÉÒ, |ɤÉÆvÉxÉ +Éè®ú Eò¨ÉÇSÉÉÊ®úªÉÉå Eäò ºÉɨÉÚʽþEò |ɪÉɺÉÉå ºÉä ºÉÞÊVÉiÉ Eò®úiÉÉ ½èþ* +lÉÇ-¶ÉɺjÉ EòÒ ¦ÉɹÉÉ ¨Éå VÉÉäc÷É MɪÉÉ ¨ÉÚ±ªÉ ÊEòºÉÒ =t¨É Eäò =i{ÉÉnùxÉ Eäò ¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ ¨Éå ºÉä +xiÉ®úhÉ ºÉä |ÉÉ{iÉ ºÉɨÉOÉÒ +Éè®ú ºÉä´ÉÉ+Éå Eäò ÉÚ±ªÉ EòÉä PÉ]õÉEò®ú |ÉÉ{iÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* VÉÉäc÷É MɪÉÉ ÉÚ±ªÉ ÊEòºÉÒ EÆò{ÉxÉÒ Eäò EòɪÉÇÊxɹ{ÉÉnùxÉ +Éè®ú MÉÊiÉÊ´ÉÊvɪÉÉå EòÉä ÉÉ{ÉxÉä EòÉ BEò ɽþi´É{ÉÚhÉÇ {Éè¨ÉÉxÉÉ ½èþ*
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126
mRiknu vkjS fcØh Production and Sales
mRiknu@Ø; Production / Purchase
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11(Budgeted)
veksfu;k Ammonia-dyksy - Kalol 3.44 3.46 3.18 3.28 3.84 3.63-Qwyiqjú-I - Phulpur-I 3.20 3.41 3.76 3.93 4.23 4.06-Qwyiqjú-II - Phulpur-II 5.16 5.06 5.20 4.76 5.84 5.78-vkaoykú-I - Aonla-I 4.79 5.08 5.10 5.69 5.78 5.61-vkaoyk-II - Aonla-II 5.48 5.20 5.67 5.90 5.84 5.78;wfj;k Urea-dyksy - Kalol 5.46 5.60 5.45 5.60 6.00 5.75-Qwyiqjú-I - Phulpur-I 5.51 5.74 6.30 6.63 7.23 7.00-Qwyiqjú-II - Phulpur-II 8.85 8.83 9.24 8.41 10.00 10.00-vkaoykú-I - Aonla-I 8.63 8.85 8.76 9.87 10.01 9.70-vkaoyk-II - Aonla-II 8.75 8.85 9.89 10.18 10.00 10.00-vk;kfrr@vksebQdks - Imported / OMIFCO 13.66 14.55 15.12 17.37 20.52 18.25,uihds NPK-dkaMyk - Kandla 17.06 16.72 15.32 16.04 16.51 20.15-ikjknhi - Paradeep -- 3.32 2.73 8.69 10.98 10.26Mh,ih DAP-dkaMyk ú - Kandla 9.96 8.04 4.86 1.89 7.23 4.00-ikjknhi - Paradeep 0.30 4.18 5.93 4.36 4.02 6.04-vk;kfrr - Imported 5.74 7.17 2.19 23.26 15.88 7.00
ʤÉGòÒ Sales
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11(Budgeted)
veksfu;k Ammonia -dyksy@vkaoyk - Kalol / Aonla 0.21 0.13 -- -- -- ---VsªfMax - Trading 2.34 2.27 1.66 0.70 -- --;wfj;k Urea
-dyksy - Kalol 5.57 5.77 5.50 5.67 6.03 5.80-Qwyiqjú-I - Phulpur-I 5.58 5.73 6.37 6.53 7.30 7.25-Qwyiqjú-II - Phulpur-II 9.09 8.67 9.26 8.32 10.04 10.35-vkaoykú-I - Aonla-I 8.41 9.40 8.69 9.93 9.92 10.10-vkaoykú-II - Aonla-II 8.74 9.23 9.83 10.26 9.93 10.05-vk;kfrr@vksebQdks - Imported / OMIFCO 12.73 13.60 14.63 17.98 20.13 19.35,uihds NPK-dkaMyk - Kandla 16.56 15.05 18.14 16.52 16.57 18.40-ikjknhi - Paradeep -- 1.97 4.05 8.20 11.38 10.60Mh,ih DAP-dkaMyk - Kandla 9.30 6.95 7.28 1.98 7.28 4.05-ikjknhi - Paradeep 0.25 2.93 6.95 4.65 3.85 6.05-vk;kfrr - Imported 5.70 6.78 2.52 22.54 15.84 7.00
(Eò®úÉäc÷ ¯û{ɪÉä ¨Éå) (Rs. in Crore)ʤÉGò Ò ¨ÉÚ±ªÉ Value of Sales
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11(Budgeted)
veksfu;k Ammonia-dyksy@vkaoyk - Kalol / Aonla 27.80 21.02 -- 0.03 -- ---VªsfMax - Trading 288.74 250.02 189.99 134.21 -- --;wfj;k Urea-dyksy - Kalol 255.31 264.81 253.22 261.66 277.95 266.51-Qwyiqjú-I - Phulpur-I 255.61 263.21 292.66 300.87 335.94 333.14-Qwyiqjú-II - Phulpur-II 416.33 398.32 425.61 383.34 462.03 475.58-vkaoykú-I - Aonla-I 385.52 431.97 400.55 458.41 458.37 464.10-vkaoykú-II - Aonla-II 400.91 424.71 452.93 473.71 458.99 461.80-vk;kfrr@vksebQdks - Imported / OMIFCO 594.47 625.32 674.70 831.08 928.77 889.75,uihds NPK-dkaMyk - Kandla 1,344.66 1,225.35 1,475.10 1,202.48 1,169.44 1,315.96-ikjknhi - Paradeep -- 137.52 282.22 503.82 690.47 636.53Mh,ih DAP-dkaMyk - Kandla 864.39 632.50 661.92 180.08 662.59 366.88-ikjknhi - Paradeep -- 265.33 629.65 422.03 349.31 548.13-vk;kfrr - Imported 517.36 605.53 221.12 2,227.62 1,438.11 634.20cht] jlk;u] fctyh Seeds, Chemicals, Power o mi mRikn and By-Products 7.10 8.93 8.80 8.36 15.33 19.32
;ksx Total 5,358.20 5,554.54 5,968.47 7,387.70 7,247.30 6,411.90
127
¼ek=kk yk[k Vu esa½ (Quantity in Lakh MT)
¼ek=kk yk[k Vu esa½ (Quantity in Lakh MT)
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From the Art Collection of IFFCO
Painting by: K. Damodaranfp=dkj % ds nkeksnju
Medium: Acrylic on Canvasek/;e % dSUol ij ,Øsfyd jaxksa ls
Size: 60” x 72”vkdkj % 60” x 72”
IFFCO: Commitment for a Green Future
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Shri Srikant Jena, Union Minister of State for Chemicals and Fertilizers,inaugurates a Mega Health Camp organised by IFFCO in Orissa.
Union Minister for Chemicals and Fertilisers Shri M.K. Alagiri presentingthe FAI Award for Improvement in Overall Performance of the ParadeepUnit to Shri K.L. Singh, Director (Tech.) and Shri M.R. Patel, ED, Paradeep.
IFFCO Sadan, C-1 District Centre, Saket Place, SaketNew Delhi 110 017, www.iffco.nic.in
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