annual report 2011-12 - Heavy Engineering Corporation Limited
annual report 2011-12 - Heavy Engineering Corporation Limited annual report 2011-12 - Heavy Engineering Corporation Limited
ANNUAL REPORT 2011-12 NOTES FORMING PART OF BALANCE SHEET NOTE NO. - 15 INVENTORIES (As certified by the Management) Raw Materials & Components 7594.20 6383.34 Less: Provision 1482.78 1731.47 Less: Stock Adjustment 0.00 6111.42 65.56 4586.31 Stores, Spares & Components including Construction Materials 1394.51 1028.70 Less: Provision / Stock Adjustment 229.85 1164.66 343.41 685.29 Goods-in-Transit/ Under inspection 4250.28 2160.57 Less: Provision 259.52 3990.76 259.51 1901.06 Loose Tools, Drawing Instruments etc. 1322.11 982.20 Less: Provision 43.88 1278.23 46.87 935.33 Stock of Finished Products 811.53 446.92 Less: Provision 44.04 767.49 39.36 407.56 Work-In-Progress 11844.95 9513.28 Less: Provision 128.50 11716.45 79.41 9433.87 Work-In-Progress (Turnkey Project) 2345.80 5505.95 Less: Provision 0.00 2345.80 0.00 5505.95 Discarded Assets 3.52 3.52 Less: Provision 3.52 0.00 3.52 0.00 Total Inventory 29566.90 26024.48 Less: Provision 2192.09 2503.55 Less: Stock Adjustment 0.00 27374.81 65.56 23455.37 TOTAL 27374.81 23455.37 Notes: 1. Finished Stock & WIP includes items worth ` 35.12 Lakh (Previous Year ` 35.12 L) against closed, cancelled & old work orders which has been valued at scrap rates. 2. Non-Moving Raw Materials and Stores & Spares for more than 3 yrs are ` 1781.90Lakh (Previous Year ` 2039.54 L). The existing is provision is considered adequate. 3. Goods In Transit includes CV Duty ` 14.18Lakh (Previous Year ` 220.35 L) 4. Raw Materials & Components including scrap at shop floor ` 70.43Lakh (Previous Year ` 65.25 L) ` in Lakhs AS AT 31.03.2012 AS AT 31.03.2011 34
ANNUAL REPORT 2011-12 NOTES FORMING PART OF BALANCE SHEET NOTE NO. - 16 TRADE RECEIVABLES Over Six Other Total Over Six Other Total Months Debts Months Debts Short Term Trade Receivables (A) Public Sector & Govt. Deptt. Considered Good 723.79 26860.11 27583.90 367.70 20571.43 20939.13 Considered Doubtful 275.27 576.46 851.73 57.77 41.17 98.94 SUB TOTAL (A) 999.06 27436.57 28435.63 425.47 20612.60 21038.07 (B) Others Considered Good 5.00 1135.88 1140.88 0.68 31.11 31.79 Considered Doubtful 0.00 68.53 68.53 0.00 0.00 0.00 SUB TOTAL (B) 5.00 1204.41 1209.41 0.68 31.11 31.79 TOTAL (A+B) 29645.04 21069.86 Less: Provision for Doubtful debts 162.43 0.00 Provision against LD deducted & charged 757.83 98.94 NET TOTAL 28724.78 20970.92 Notes: 1. Short Term Trade Receivables includes unbilled despatches ` 3150.27Lakh (Previous Year ` 2022.06 L) ` in Lakhs AS AT 31.03.2012 AS AT 31.03.2011 NOTE NO. - 17 CASH & CASH EQUIVALENTS Balance with Schedule Bank Current Account 260.77 755.47 Cheques and Draft in Transit 10.48 47.88 Cash in hand 4.84 276.09 7.18 810.53 Others SBI Short Term Deposit 0.00 1500.00 Other Bank Short Term Deposit 2860.21 2860.21 137.33 1637.33 TOTAL 3136.30 2447.86 35
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- Page 3 and 4: GLIMPSES OF SOME IMPORTANT EVENTS S
- Page 5 and 6: CONTENTS ANNUAL REPORT 2011-12 1. N
- Page 7 and 8: BOARD OF DIRECTORS (As on 30.11.201
- Page 9 and 10: ANNUAL REPORT 2011-12 DIRECTORS' RE
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- Page 19 and 20: ANNUAL REPORT 2011-12 Attendance of
- Page 21 and 22: Annexure to the Auditors Report ANN
- Page 23 and 24: 9. Statutory Dues A. According to t
- Page 25: ANNUAL REPORT 2011-12 COMMENTS OF T
- Page 28 and 29: OUR PROJECTS Conveyor System at New
- Page 30 and 31: OUR PRODUCTS CNC Deep Hole Boring M
- Page 32 and 33: ANNUAL REPORT 2011-12 service cost,
- Page 34 and 35: ANNUAL REPORT 2011-12 STATEMENT OF
- Page 36 and 37: ANNUAL REPORT 2011-12 NOTES FORMING
- Page 38 and 39: NOTE NO.-9 ANNUAL REPORT 2011-12 Ty
- Page 40 and 41: ANNUAL REPORT 2011-12 NOTES FORMING
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- Page 50 and 51: ANNUAL REPORT 2011-12 NOTE NO. 29 N
- Page 52 and 53: ANNUAL REPORT 2011-12 12.11.2010. C
- Page 54 and 55: ANNUAL REPORT 2011-12 ANNEXURE - I
- Page 56 and 57: ANNUAL REPORT 2011-12 ANNEXURE - II
- Page 58 and 59: ANNUAL REPORT 2011-12 Heavy Machine
- Page 60 and 61: ANNUAL REPORT 2011-12 D. STOCK OF F
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ANNUAL REPORT <strong>2011</strong>-<strong>12</strong><br />
NOTES FORMING PART OF BALANCE SHEET<br />
NOTE NO. - 16<br />
TRADE RECEIVABLES<br />
Over Six Other Total Over Six Other Total<br />
Months Debts Months Debts<br />
Short Term Trade Receivables<br />
(A) Public Sector & Govt. Deptt.<br />
Considered Good 723.79 26860.11 27583.90 367.70 20571.43 20939.13<br />
Considered Doubtful 275.27 576.46 851.73 57.77 41.17 98.94<br />
SUB TOTAL (A) 999.06 27436.57 28435.63 425.47 206<strong>12</strong>.60 21038.07<br />
(B) Others<br />
Considered Good 5.00 1135.88 1140.88 0.68 31.11 31.79<br />
Considered Doubtful 0.00 68.53 68.53 0.00 0.00 0.00<br />
SUB TOTAL (B) 5.00 <strong>12</strong>04.41 <strong>12</strong>09.41 0.68 31.11 31.79<br />
TOTAL (A+B) 29645.04 21069.86<br />
Less: Provision for Doubtful debts 162.43 0.00<br />
Provision against LD deducted & charged 757.83 98.94<br />
NET TOTAL 28724.78 20970.92<br />
Notes:<br />
1. Short Term Trade Receivables includes unbilled despatches ` 3150.27Lakh (Previous Year ` 2022.06 L)<br />
` in Lakhs<br />
AS AT 31.03.20<strong>12</strong> AS AT 31.03.<strong>2011</strong><br />
NOTE NO. - 17<br />
CASH & CASH EQUIVALENTS<br />
Balance with Schedule Bank Current Account 260.77 755.47<br />
Cheques and Draft in Transit 10.48 47.88<br />
Cash in hand 4.84 276.09 7.18 810.53<br />
Others<br />
SBI Short Term Deposit 0.00 1500.00<br />
Other Bank Short Term Deposit 2860.21 2860.21 137.33 1637.33<br />
TOTAL 3136.30 2447.86<br />
35
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