DIRECTORS
To
The Members
Your Directors are pleased to present the Twenty Fifth Annual Report together with the
Audited Statements of Accounts for the period ended December 31, 2012.
FINANCIAL HIGHLIGHTS
The operating results of the Company for the period under review are as follows:
|
|
( Rs. in Crores) |
|
2011-2012 |
2010-2011 |
| Sales (Net of Taxes) |
6,771.78 |
3,942.31 |
| Other Operating Revenue |
215.95 |
159.17 |
| Other Income |
27.70 |
16.34 |
| Total Revenue |
7,015.43 |
4,117.82 |
| Profit Before Depreciation, Exceptional Items & Tax |
343.59 |
261.67 |
| Less: Depreciation |
311.87 |
146.37 |
| Profit Before Exceptional Items & Tax |
31.72 |
115.29 |
| Exceptional Items |
256.60 |
- |
| Profit Before Tax |
288.32 |
115.29 |
| Less: Earlier Year’s Income Tax |
- |
2.08 |
| Less: Tax Expense |
15.06 |
36.55 |
| Profit After Tax |
273.26 |
76.66 |
| Add: Balance Brought Forward From Previous Year |
506.35 |
495.98 |
| Surplus Available for Appropriation |
779.61 |
572.64 |
| APPROPRIATION |
|
|
| Excess Provision Reversal of Tax on Dividend |
(0.85) |
(0.16) |
| Debenture Redemption Reserve |
69.38 |
35.00 |
| Proposed Dividend on Equity Shares |
25.54 |
20.27 |
| Proposed Dividend on Preference Shares |
- |
0.01 |
| Provision for Dividend Tax |
4.14 |
3.29 |
| Transfer to General Reserve |
27.33 |
7.88 |
| Balance carried to Balance Sheet |
654.07 |
506.35 |
REVIEW OF PERFORMANCE
The review is for the financial period of eighteen months pursuant to extension of the
present accounting period by six months. We are pleased to inform you that the Retail
business of the Company has been showing growth trend in spite of economy slowdown in
entire retail industry during the financial period under review. The Company is now
present in Lifestyle Retail segment and for the year under review recorded a good growth
through increase in presence in various cities. Income from operations for the financial
period under review were at Rs. 6987.73 Crores which was at Rs. 4101.48 Crores during the
financial year of 2010-11. Profit Before Depreciation, Exceptional Items & Tax stood
at Rs. 343.59 Crores in during the financial period of 2011-12, which was at Rs. 261.67
Crores in the previous year. PAT for the financial period under review was Rs. 273.26
Crores, which was at Rs. 76.66 Crores in the previous year. As explained above, since the
current financial period was of eighteen months, accordingly, the current financial period
result is not comparable with the previous financial period, which was of twelve months.
During the financial period 2011-12, the Company increased its retail presence from
around 15 million square feet to approximately 16.5 million square feet space
spread pan India basis.
Restructuring / hiving off businesses:
1. Scheme of Amalgamation between the Company and Future Value Retail Limited
During the period under review, the Board of Directors of the Company approved the
amalgamation of Future Value Retail Limited (FVRL) with the Company pursuant to the Scheme
under Sections 391-394 of the Companies Act, 1956 with effect from July 01, 2012. FVRL is
wholly owned subsidiary of your Company having retail business formats like Big Bazaar,
Food Bazaar etc. The Company is in process to file the application with the Hon’ble
High Court of Bombay for its approval. However, the Scheme was subject to further review
of the Board.
2. Scheme of Arrangement between the Company and Aditya Birla Group
Pursuant to the approval of the members at the General Meeting held on May 30, 2012 the
Company filed petition with the Hon’ble High Court at Bombay for demerger of
Pantaloon Format Business to Peter England Fashions and Retail Limited, a Aditya Birla
Group entity. The demerged undertaking comprises of Company’s business under the name
"Pantaloons" together with all assets, liabilities, brands etc. attached to the
said Brand. The Company has obtained all requisite approvals from NSE, BSE, CCI and
shareholders of the Company and petition had been submitted in the Hon’ble High Court
of Bombay and would be coming up for final hearing on March 01, 2013.
3. Composite Scheme of Arrangement and Amalgamation between PRIL, FVIL, LEE,
ILCL and FLFL
The Board of Directors at its meeting held on November 09, 2011 approved the composite
scheme of arrangement and amalgamation between Indus-League Clothing Limited (ILCL), Lee
Cooper (India) Limited (LEE), Future Ventures India Limited (FVIL), Pantaloon Retail
(India) Limited (PRIL) and Future Lifestyle Fashions Limited (FLFL) under Sections 391-394
of the Companies Act, 1956. The Scheme provides for demerger of fashion business of ILCL
and amalgamation of LEE into FVIL, demerger of fashion business of FVIL and PRIL into
FLFL. Pursuant to the said Scheme becoming effective, the shareholders of FVIL and PRIL
shall be allotted equity shares of FLFL in the ratio as mentioned in the Scheme. The
Company has already filed the application with the Hon’ble High Court at Bombay which
has directed to hold the shareholders’ meeting on March 04, 2013 for obtaining
approval of the Scheme.
4. Divestment of stake in Future Capital Holdings Limited
On September 27, 2012 the Company divested its majority stake in its subsidiary company
Future Capital Holdings Limited (presently Capital First Limited) as a part of
Company’s strategy to focus on retail segment. At the end of the financial period
ended December 31, 2012 your Company holds 9.55% stake in Capital First Limited. The
majority stake sold by your Company was acquired by Cloverdell Investment Limited
(Acquirer) following the open offer made by the Acquirer pursuant to the SEBI (Substantial
Acquisition of Shares and Takeover) Regulations, 2011.
DIVIDEND
The Board of Directors of the Company has recommended a dividend of Rs. 1.10
(55%) per equity share {Previous year Rs. 0.90 (45%)} and dividend of Rs. 1.14 (57%) per
Class B (Series-1) share {Previous year Rs. 1.00 (50%)} for the Financial period ended
December 31, 2012. The said dividend shall be subject to the approval of the members at
the Annual General Meeting.
The dividend, if approved by the shareholders in the Annual General Meeting shall
entail a payout of Rs. 25.54 Crores including dividend distribution tax of Rs. 4.14
Crores. The dividend is free of tax in the hands of the shareholders.
EQUITY SHARE CAPITAL
Paid-up Equity Share Capital
Pursuant to the conversion of Compulsorily Convertible Preference Shares (CCPS), the
Company issued and allotted 63,47,635 equity shares of Rs. 2/- each as fully paid up to
the holders of CCPS on July 31, 2011.
Pursuant to the approval of the members at the Extra Ordinary General Meeting held on
May 30, 2012 the Company issued and allotted 81,63,265 equity shares of Rs. 2/- each to
Bennett, Coleman & Co. Limited on June 06, 2012 on preferential basis.
After the above allotments, the paid up equity share capital stood at Rs. 46,31,65,182
divided into 21,56,53,439 equity shares of Rs. 2/- each and 1,59,29,152 Class B (Series-1)
Shares of Rs. 2/- each.
WARRANTS
During the period under review, the Company forfeited 100 lacs warrants allotted to the
Promoter Group entity which were not converted into equity shares. The subscription amount
of Rs. 100 crore paid on these warrants have been forfeited and transferred to capital
reserves.
DEBENTURES
During the period under review, the Company has raised long term funds through
Non-Convertible Debentures aggregating Rs. 225 Crores. The funds raised were utilised for
the objects as stated at the time of raising of funds.
FIXED DEPOSITS
The Company has not accepted any Deposits during the period under review.
REPORT ON CORPORATE GOVERNANCE
A detailed report on Corporate Governance together with Auditors certificate as
required under clause 49 of the listing agreement has been included as an enclosure to
this Report.
MANAGEMENT DISCUSSION & ANALYSIS REPORT
The management discussion and analysis as required under clause 49 of the listing
agreement has been dealt with extensively as part of this Annual Report.
THE FUTURE
The Company entered the new financial period with a renewed focus on driving
profitability within the stores and in full preparedness for the upcoming sale season
across both the lifestyle and value segment. While spaces within some stores have been
rationalised, the Company also added merchandise in preparation for the promotion period.
Encouraging response from customers during the promotion has resulted in the promotion
period ending on time and fresh merchandise entering stores on time to be sold at full
price.
Heavy investment in refurbishment and up-gradation of format stores to make them more
contemporary and in line with higher value and more aspirational merchandise being
introduced, especially in the fashion category. These steps have met with an encouraging
response from customers and have started yielding higher sales in these stores. In the
year ahead, the Company will continue to selectively refurbish existing stores even as it
adds new, upgraded stores. Change of overall strategy to format specific strategy would
result in direct attention towards various formats of the Company and enable immediate
resolution of the various format specific issues.
Various divestment and realignment initiatives taken by management and strategic
management changes made during the financial period under review would result in reduced
debt, cost reduction and better planning. This all initiatives would contribute to better
profitability in years to come.
SUBSIDIARY COMPANIES & JOINT VENTURES
SUBSIDIARY COMPANIES
The Company has 15 subsidiaries as at the end of financial period. Subsidiary companies
information for financial performance is given for eighteen months period ended September
30, 2012 as applicable for respective subsidiaries.
Home Solutions Retail (India) Limited
Home Solutions Retail (India) Limited (HSRIL) was incorporated to operate in the home
and hard goods consumption space. Your Company has 66.86% stake in HSRIL. During the
period ended on September 30, 2012 HSRIL registered total income of Rs. 4.50 Crores and
net loss of Rs. 5.34 Crores.
Future Supply Chain Solutions Limited
Future Supply Chain Solutions Limited (FSCSL) is designed to operate in the logistics,
transportation, distribution and warehousing space. FSCSL provides solutions in the areas
of integrated Supply Chain Management, warehousing, distribution and Multi-Modal
transportation. Your Company has 70.17% stake in FSCSL. FSCSL has warehousing space
of 4 million square feet spread over all across
India. The company is currently building large scale warehousing facilities and also
increasing its presence in 3PL logistics solutions. During the period ended on September
30, 2012 FSCSL registered total income amounted to Rs. 514.07 Crores and net loss
stood at Rs. 8.70 Crores.
Future Agrovet Limited
Future Agrovet Limited (FAL) is to strengthen sourcing and distribution of staples and
other food products for the Company. FAL has sourcing and distribution bases at all key
cities across the country. The Company has 96.16% stake in FAL. During the period ended on
September 30, 2012 FAL registered total income amounting to Rs. 1633. 96 Crores and
net profit stood at Rs. 4.52 Crores.
Future Media (India) Limited
Future Media (India) Limited (FMIL) is the Group’s media venture, aimed at
creation of media properties in the ambience of consumption and thus offers active
engagement to brands and consumers. FMIL offers relevant engagement through its media
properties like Visual Spaces, Print, Radio, Television and Activation. Your Company has
93.10% stake in FMIL. During the period ended on September 30, 2012 FMIL registered total
income amounting to Rs. 57.27 Crores and net loss of Rs. 1.19 Crores.
Future E-Commerce Infrastructure Limited
Future E-Commerce Infrastructure Limited (FECIL) is to capture the consumption space
through the internet, as well as other technology based and digital modes and provide
infrastructure services for the same. The Company has 72% stake in FECIL. During the
period ended on September 30, 2012 FECIL registered total income amounting to Rs. 112.60
Crores and net loss stood at Rs. 42.88 Crores.
Futurebazaar India Limited
Futurebazaar India Limited (FBIL) is set up as the e-Retailing arm of the Future Group
for providing on-line shopping experience through e-portal www.futurebazaar.com. Your
Company holds 100% in FBIL. FBIL is operating its e-retailing business and during the
period ended on September 30, 2012 it has registered total income amounting to Rs. 36.57
Crores and net loss after tax stood at Rs. 6.70 Crores.
Future Knowledge Services Limited
Your Company holds 100% in Future Knowledge Services Limited which has a net loss of
Rs. 3.92 Crores as on September 30, 2012.
Future Value Retail Limited
Future Value Retail Limited (FVRL) is a wholly owned subsidiary of your Company and
engaged in Value Retail Business under various formats like Big Bazaar, Food Bazaar etc.
and other small formats in Value Retail Business. During the period ended December 31,
2012 FVRL registered total income amounting to Rs. 11,121.55 Crores and net profit for the
said financial period stood at Rs. 90.04 Crores. The Company has161 Big Bazaars at the
close of financial period. Further, the Company has 43 Food Bazaars at the close of
financial period. In addition to the above, other formats of FVRL also saw a good
growth in terms of numbers as well as turnover.
Future Learning and Development Limited
Your Company holds 100% in Future Learning and Development Limited which has registered
total income of Rs. 0.03 Crore During the period ended on September 30, 2012 with net loss
of Rs. 1.76 Crore.
Future Lifestyle Fashions Limited
Future Lifestyle Fashions Limited (FLFL) was incorporated on May 31, 2012 and is wholly
owned subsidiary of your Company. With a view to dedicated focus on fashion business of
your Company and Future Ventures India Limited (FVIL) comprising of Central, Brand
Factory, Planet Sports etc., it is proposed to demerge these businesses to FLFL under the
provisions of section 391-394 of the Companies Act, 1956. FLFL has not yet completed its
first accounting year.
Future Home Retail Limited (Formerly known as nuZone Electronics Limited)
Future Home Retail Limited (FHRL) has been created as subsidiary with the objective to
transfer the retail electronic and consumer durable business from PRIL. During the period
ended September 30, 2012 FHRL registered total income of Rs. 0.0035 Crore and net loss of
Rs. 0.003 Crore.
nuZone Ecommerce Infrastructure Limited
nuZone Ecommerce Infrastructure Limited (NEIL) has been created as subsidiary with the
objective to transfer the wholesale and sourcing business related to electronic and
consumer durable business from PRIL. During the period ended September 30, 2012 NEIL
registered total income of Rs. 0.0035 Crore and net loss of Rs. 0.0016 Crore.
Winner Sports Limited
Winner Sports Limited (WSL) is a wholly owned subsidiary of the Company. At present the
WSL does not have any operating business and management is evaluating various business
opportunities. During the period ended on September 30, 2012 WSL registered income from
operations of Rs. 1.56 Crore and net loss of Rs. 0.005 Crore.
Future Freshfoods Limited
Future Freshfoods Limited (FFL) is a company which caters to the sourcing and supply of
fresh food products to retail formats of the group. FFL is subsidiary of FVRL. FVRL holds
79.17% of equity capital in FFL. During the period ended on September 30, 2012 FFL
registered total income amounting to Rs. 118.61 Crores and net loss stood at Rs. 16.52
Crores.
FSC Brand Distribution Services Limited
FSC Brand Distribution Services Limited (FSCBDSL) was incorporated to deal in the
business of distribution services. The company has earned total income of Rs. 45.98 Crores
& incurred net loss for Rs. 0.97 Crores during the period.
As required under the Listing agreement with the Stock Exchanges, the Company is
mandatorily required to prepare the Consolidated Financial Statements, according to the
applicable Indian Accounting Standards and reflects the financial position of all the
subsidiary Companies of the Company. For the purposes of consolidation subsidiary accounts
of eighteen months ended September 30, 2012 have been considered except for Future Value
Retail Limited where financial account of eighteen months ended December 31, 2012 has been
considered.
A statement pursuant to section 212 of the Companies Act, 1956 relating to subsidiary
companies is given as an annexure to the Annual Report. Further the Board has passed
resolution pursuant to the General Circular No. 2/2011 dtd February 08, 2011, issued by
Ministry of Corporate Affairs, giving consent for not attaching the balance sheet of the
subsidiary companies. The Company is publishing the consolidated financial statements of
the holding company and all subsidiaries duly audited by its auditors, in compliance with
the applicable accounting standards and listing agreement and a statement disclosing the
necessary information regarding each of subsidiaries.
It is hereby confirmed that Annual accounts of the subsidiary companies and the related
detailed information shall be made available to the shareholders of the holding and
subsidiary companies seeking such information at any point of time. The annual accounts of
the subsidiary companies shall be available for inspection by any shareholders at
Registered Office of the holding company and of the subsidiary companies concerned.
Details of accounts of subsidiaries shall be furnished to any shareholder on demand.
JOINT VENTURES
Future Generali India Life Insurance Company Limited
Future Generali India Life Insurance Company Limited (FGI-Life) is Company’s joint
venture in the Life insurance sector. FGI-Life has introduced many insurance products to
suit requirements of various categories of customers.
Future Generali India Insurance Company Limited
Future Generali India Insurance Company Limited (FGI-Nonlife) is Company’s joint
venture in the general insurance sector. FGI-Nonlife has introduced insurance products for
various general insurance needs of the different categories of customers.
Apollo Design Apparel Parks Limited & Goldmohur Design & Apparel Park Limited
The Company has entered into joint venture with NTC for the restructuring and
development of the Apollo Mills and Goldmohur Mills situated in Mumbai. For the same two
separate SPV companies have been created viz. Apollo Design Apparel Parks Limited (ADAPL)
& Goldmohur Design & Apparel Park Limited (GDAPL). The ADAPL & GDAPL would be
working for the restructuring and development of the Apollo Mills and GoldMohur Mills
respectively. During the period ADAPL made a total income of Rs. 273.17 Crores and earned
net profit of Rs. 7.62 Crores. Further during the year GDAPL made a total income of Rs.
255.60 Crores and earned net profit of Rs. 7.66 Crores.
Staples Future Office Products Private Limited
Staples Future Office Products Private Limited (SFOPPL) is designed to capture the
consumption space of office supplies, office equipments and products. SFOPPL was formed as
a joint venture between the Company and Staples Asia Investment Limited (a subsidiary of
Staples Inc USA). During the period ended September 30, 2012 SFOPPL registered total
income amounting to Rs. 315.05 Crores and net loss stood at Rs. 59.85 Crores.
After the close of the financial period under review, your Company has acquired a part
of the stake from Staples Asia Investment Limited by which SFOPPL became the subsidiary of
your Company.
Integrated Food Park Private Limited
Integrated Food Park Private Limited (IFPPL) is designed to capture the consumption
space of food and aims to facilitate the establishment of strong food processing
industries backed by an efficient supply chain, which would include collection centres,
processing centres, cold chain infrastructures. The Company has received the approval from
the Government for setting up ‘Mega Food Park’ at Tumkur District in the State
of Karnataka. IFPPL was formed as a joint venture between the Company, Capital Foods and
Satva Developers Private Limited with 26% stake held by your company. IFPPL has not earned
any income during the period ended September 30, 2012 since its project has yet not
commenced. Net loss of IFPPL for the said period stood at Rs. 0.06 Crores.
Shendra Advisory Services Private Limited
Shendra Advisory Services Private Limited (Shendra) is a SPV with respect to the
Company’s insurance arm Future Generali India Insurance Company Limited. During the
period ended on September 30, 2012 Shendra has registered a total income of Rs. 0.09 Crore
and net loss of Rs. 0.68 Crore.
Sprint Advisory Services Private Limited
Sprint Advisory Services Private Limited (Sprint) is a SPV with respect to the
Company’s insurance arm Future Generali India Life Insurance Company Limited. During
the period ended on September 30, 2012 Sprint has registered a total income of Rs. 0.015
Crore and net loss of Rs. 0.68 Crore.
DIRECTORS
Mr. Shailesh Haribhakti, Mr. S. Doreswamy and Mr. Gopikishan Biyani retire by rotation
and being eligible, offer themselves for reappointment. The details as required by clause
49 of the listing agreement, is given as part of the notice.
DIRECTORS RESPONSIBILTY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act, 1956, the Board of Directors of the
Company hereby state and confirm that: -
(i) in preparation of the annual accounts, the applicable accounting standards have
been followed with proper explanation relating to material departures;
(ii) the accounting policies selected have been applied consistently and judgments made
and estimates given are reasonable and prudent so as to give a true and fair view of the
state of affairs of the Company as on December 31, 2012 and the profit of the company for
the period ended on that date;
(iii) The proper and sufficient care have been taken for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 1956 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;
(iv) the accounts have been prepared on a going concern basis.
AUDITORS
M/s. NGS & Co. LLP, Chartered Accountants, Mumbai, hold office as Statutory
Auditors upto the conclusion of the ensuing Annual General Meeting and being eligible,
offer themselves for re-appointment. Shareholders are requested to re-appoint them as
Statutory Auditors to hold office upto the conclusion of the next Annual General Meeting
and to fix their remuneration. The observations made by the auditors are self-explanatory.
CONSOLIDATED FINANCIAL STATEMENTS
The Audited consolidated financial statements are provided as part of the Annual Report
in accordance with Accounting Standard AS-21, AS-23 & AS 27 dealing with the
consolidated financial reporting. These statements have been prepared on the basis of the
financial statements received from subsidiaries and joint ventures, as approved by their
respective Board of Directors.
PARTICULARS OF EMPLOYEES
The statement containing particulars of employees as required under Section 217(2A) of
the Companies Act, 1956 and the rules made thereunder, is given as an annexure appended
hereto and forms part of this report. In terms of Section 219(1)(b)(iv) of the Act, the
report and accounts are being sent to the shareholders excluding the aforesaid annexure.
Any shareholder interested in obtaining the copy of annexure may write to the Company
Secretary at the Registered Office of the Company.
CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS &
OUTGO
A Statement giving details of conservation of energy (in Form A) and foreign exchange
earnings and outgo, as required under Section 217(1)(e) of the Companies Act, 1956 read
with the Companies (Disclosure of Particulars in the Report of Directors) Rules, 1988, in
Annexure I is enclosed and forms part of this report. However, there is no expenditure on
R&D, Technology absorption, adoption & innovation during the current financial
period. The Company being concentrating on the domestic consumption space do not have any
specific exports initiatives to report to members.
EMPLOYEE STOCK OPTION PLAN
The management has recognised need to introduce reward plans to acknowledge efforts of
the emplyees. Accordingly, the Board and Shareholders of the Company has approved Employee
Stock Option Scheme 2012 (ESOS 2012) and same has been adopted in Nomination and
Remuneration Committee Meeting held on February 25, 2013. So, applicable disclosure will
be required to be given from the current financial period.
AWARDS AND RECOGNITIONS
Rural Marketing Association of India’s (RMAI) Corporate Awards 2012
• Best marketing communication towards women, youth and children – Future
Learning 2012
Brand Equity Most Trusted Brands 2012
• Big Bazaar Ranked No. 3 as The Most Trusted Brand and Is the Most Trusted
Retailer of The Year for Top Service
Retail Asia Pacific Top 500 2012
• Future Value Retail Won Gold in Top 10 Retailers Award, India Pantaloon
Retail India Received Certificate oF Distinction in Top 10 Retailers Award, India
Star Retailer Awards 2012
• Retailer of The Year 2012 – Future Group. Most Valued Retailer – KBFP
Asia Recognition Award 2012
• Highest Sale in Asia by VF Corporation – Central
Images Fashion Awards (IFA) 2012
• Reliance Performance Award for Best Performing Partner – Indus League
CISO Award 2012
• Future Group was felicitated for using Information security technology in the
most effective and innovative manner
Golden Spoon Awards 2012
• Most Admired Food and Grocery Retailer of the Year for its Private Labels in Big
Bazaar – Future Group
• Retail Professional of the Year for innovation in Private Brands- Mr.
Devendra Chawla, President – Food & FMCG Category
Images Fashion Awards (IFA) 2012
• Most Admired Private Label Retailer - Pantaloons
ET Retail Awards 2012
• FedEx Most Trusted Retailer of the Year Award – Big Bazaar
• TRRAIN Retail Employee of the Year Award – Mr. Jitendra Kalyani, Big Bazaar
Recognition by CMO Council, USA and CMO Asia
• Master Brand Award - Future Supply Chains
• Retail Icon of the Year- Mr. Anshuman Singh, MD & CEO, Future Supply
Chains
Bloomberg UTV B-School Excellence Award
• Best educational institute in Retail- Future Innoversity
ACKNOWLEDGMENT
The Board wishes to place on record their sincere appreciation to all the consumers,
working capital consortium bankers lead by Bank of India, vendors, and other stakeholders
for the continued support and patronage during the previous year. The board further wishes
to record their sincere appreciation to the employees of the Company whose efforts, hard
work and dedication has enabled the Company to achieve the targets and recognitions.
|
For and on behalf of the Board, |
| Place: Mumbai |
Shailesh Haribhakti |
| Date : February 25, 2013 |
Chairman |
ANNEXURE I
A) Conservation of energy
FORM A
Form for Disclosure of Particulars with respect to Conservation of Energy.
| A) Power and fuel consumption (Manufacturing Facility) |
For the period ended December 31, 2012 |
Year Ended June 30, 2011 |
| (1) ELECTRICITY |
|
|
| Purchased |
|
|
| Unit (Nos.) |
1,071,900 |
716,820 |
| Total amount (In Rs.) |
8,481,740 |
4,664,130 |
| Rate/unit (In Rs.) |
7.91 |
6.51 |
| b) Own Generation |
|
|
| Internal Generation through DG set |
|
|
| No. Of Units |
16,252 |
15,148 |
| Unit per litre of Diesel |
3.52 |
3.41 |
| Rate per /unit (In Rs.) |
12.97 |
11.21 |
| (2) FURNACE OIL |
|
|
| Quantity (K.Ltrs.) |
159,186 |
113,862 |
| Total amount (In Rs.) |
6941573 |
3,861,146 |
| Average rate (Rs. / Ltr.) |
43.61 |
33.91 |
|
|
( Rs. in Crores) |
| B) Foreign Exchange Earnings and Outgo |
For the period ended December 31, 2012 |
Year Ended June 30, 2011 |
| FOREIGN EXCHANGE OUTGO |
|
|
| Travelling Expenses |
2.21 |
1.04 |
| Interest on Foreign Currency Loan |
1.25 |
9.77 |
| Professional Charges |
0.74 |
1.79 |
| Royalty |
7.38 |
5.76 |
| Bank Charges |
Nil |
0.01 |
| Imports |
|
|
| Raw Materials |
0.27 |
0.75 |
| Stock-in-Trade |
115.98 |
55.63 |
| Capital Goods |
10.18 |
20.36 |
| Accessories & Others |
1.39 |
1.54 |
| FOREIGN EXCHANGE EARNING |
|
|
| Earnings in Foreign Currency |
85.13 |
46.62 |
??? |