annual report 2011-12 - Heavy Engineering Corporation Limited

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ANNUAL REPORT 2011-12 NOTES FORMING PART OF STATEMENT OF PROFIT & LOSS ` in Lakhs 2011-12 2010-11 NOTE NO. - 23 EMPLOYEES BENEFIT EXPENSES Salaries, Wages & Bonus 13865.41 12101.77 Corporation Contribution to Provident Fund and 1163.87 1174.95 Employee's Pension Fund Workmen and Staff Welfare Expenses 419.42 433.01 Gratuity 2823.08 1604.50 SUB TOTAL 18271.78 15314.23 Less: Transferred to Research & Development Exp. 58.09 43.62 TOTAL 18213.69 15270.61 NOTE NO. - 24 FINANCE COST Interest Expenses 515.30 92.37 TOTAL 515.30 92.37 NOTE NO. - 25 DEPRECIATION, AMORTIZATION & IMPAIRMENT Depreciation as per Note No.-9 431.37 405.97 Impairment Loss as per Note No.-9 2.29 62.20 Other Amortization Tools 772.43 1040.27 Technical Know How 53.11 825.54 42.36 1082.63 TOTAL 1259.20 1550.80 NOTE NO. - 26 RESEARCH & DEVELOPMENT EXPENSES Research & Development Expenses Material Stores & Spares Consumed 0.00 2.04 Salary & Allowances 58.09 43.62 TOTAL 58.09 45.66 38
39 ANNUAL REPORT 2011-12 NOTES FORMING PART OF STATEMENT OF PROFIT & LOSS ` in Lakhs 2011-12 2010-11 NOTE NO. - 27 OTHER EXPENSES (A) Manufacturing Service Cost Water, Power & Fuel 2231.18 2374.16 Repairs & Maintenance Plant & Machinery 199.85 357.73 Buildings 57.26 89.69 Others 166.55 423.66 58.92 506.34 Insurance 100.09 94.76 Excise Duty 242.96 265.68 Wealth Tax 0.19 0.23 Consultancy and Legal Expenses 20.82 23.48 Municipal Tax/Charges 9.45 9.19 SUB TOTAL (A) 3028.35 3273.84 (B) Manufacturing & Other Operating Expenses Machining & Assembly charges 603.43 676.38 Fabrication Charges 8.97 8.61 Job Done by outside Agencies 2953.77 2257.42 Turnkey Project Expenses 2247.28 4361.52 Other Charges For Production 513.79 6327.24 370.76 7674.69 Less: Interplant Transfer (Services) 565.66 608.28 SUB TOTAL (B) 5761.58 7066.41 (C) Administration, Selling & Distribution Expenses Rent 19.18 13.75 Electricity & Drinking Water Expenses 747.68 971.21 Security Expenses (CISF & Others) 1284.54 1267.08 Travelling & Conveyance Expenses 219.10 200.84 Bank Charges 226.04 129.83 Miscellaneous Expenses 326.39 302.55 Motor Vehicle Running Expenses 135.74 121.14 LD Deducted and Charged 935.19 398.88 Sales Promotion 125.93 130.10 Auditor's Remuneration Audit Fees 1.44 1.44 Tax Audit Fees 0.20 0.20 Service Tax 0.00 1.64 0.17 1.81 Training Expenses 3.53 7.22 SUB TOTAL (C) 4024.96 3544.41 (D) Other Provisions / Expenses Written Off Provision for Bad & Doubtful Debts 414.18 613.18 Provision for Bad & Doubtful Advances 21.60 91.86 Provision for Warranty Expenses 365.54 346.27 Miscellaneous Provisions 123.64 215.16 Miscellaneous Losses Written Off 0.00 924.96 735.27 2001.74 SUB TOTAL (D) 924.96 2001.74 GRAND TOTAL (A+B+C+D) 13739.85 15886.40
Page 1 and 2: Jeeef
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
Page 11 and 12: ANNUAL REPORT 2011-12 Gross Margin
Page 13 and 14: ANNUAL REPORT 2011-12 The company d
Page 15 and 16: ANNUAL REPORT 2011-12 iii) that the
Page 17 and 18: • Replacement of centralized comp
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 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
Page 62 and 63: ANNUAL REPORT 2011-12 2011-12 2010-
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