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. - 28 EXCEPTIONAL ITEMS Prior Period Adjustment Income Sales (including services) 51.90 (15.18) Previous year expenses written back 19.46 0.25 Misc Income (0.14) 71.22 69.34 54.41 Less : Expenses Raw Materials Consumed 13.50 0.00 Stores & Spare Parts Consumed 76.87 0.00 Payment to & Provision for Employees 1.48 0.58 Depreciation 0.10 0.31 Misc. expenses(net) 8.57 100.52 1.18 2.07 Prior Period Adjustment (Net) (29.30) 52.34 40
41 ANNUAL REPORT 2011-12 Cash Flow Statement Annexed to the Balance Sheet For the period April 2011 - March 2012 ` in Lakhs 2011-12 2010-11 A. CASH FLOW FROM OPERATING ACTIVITIES Net Profit before Tax 858.41 3813.98 Adjustments for: Depreciation 431.47 406.28 Interest Expenses 515.30 92.37 Deffered Revenue Expenditure 154.13 86.89 Lease Income (467.54) (467.54) Incremental Provisions 2338.79 2972.15 2196.54 2314.54 Operating Profit before Working Capital Changes 3830.56 6128.52 Adjustments for: Trade and Other Receivables (2005.79) (16769.53) Inventories (3919.44) (7524.59) Trade Payables 3658.64 6348.50 Loans & Advances (439.87) (2706.46) (791.24) (18736.86) Cash Generated from Operations 1124.10 (12608.34) Net Cash from Operating Activities 1124.10 (12608.34) B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fixed Assets (349.59) (283.09) Sale/Adjustment of Fixed Assets 45.87 0.35 Adjustment in Capital Work-in-Progress (91.85) (42.60) Lease income 467.54 467.54 Net Cash from Investing Activities 71.97 142.20 C. CASH FLOW FROM FINANCING ACTIVITIES Interest Payment (515.30) (92.37) Short Term Loans 475.21 (2240.88) Liability for leased assets (467.54) (451.47) Net cash from financing activities (507.63) (2784.72) Net increase /(Decrease) in cash and cash equivalents 688.44 (15250.86) Opening Balance of Cash and Cash Equivalents 2447.86 17698.72 Closing Balance of Cash and Cash Equivalents 3136.30 2447.86 688.44 (15250.86) Note:- Cash Flow has been prepared by following Indirect method Note - 1: Details of Opening Balance of Cash and Cash Equivalents Cash, Cheques and Draft in hand 7.18 15.41 Cheques - in- Transit 47.88 181.54 Balance with Schedule Bank in Current Account 755.47 320.72 Balance with Schedule Bank in Short Term Deposit 1500.00 17050.00 Balance with Other Bank in Short Term Deposit 137.33 131.05 Total 2447.86 17698.72 Note - 2: Details of Closing Balance of Cash and Cash Equivalents Cash, Cheques and Draft in hand 4.84 7.18 Cheques - in- Transit 10.48 47.88 Balance with Schedule Bank in Current Account 260.77 755.47 Balance with Schedule Bank in Cash Credit Account Balance with Schedule Bank in Short Term Deposit 0.00 1500.00 Balance with Other Bank in Short Term Deposit 2860.21 137.33 Total 3136.30 2447.86 A.K.Kanth Company Secretary S.K. Chakraborty General Manager (Finance) Kushal Saha Director (Production) & R.Misra Chairman Cum Managing Director Director Mktg. (Additional Charge) In terms of our report of even date For Anjali Jain Associates, Chartered Accountants Place : Ranchi (ANJALI JAIN) Date : 06/09/2012 Partner, M No. 72022
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
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