annual report 2011-12 - Heavy Engineering Corporation Limited

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OUR PROJECTS Wagon Tippler at New OBBP, Rourkela Steel Plant Twin Boomer Stakcer at New OBBP, Rourkela Steel Plant
ANNUAL REPORT 2011-12 DIRECTORS' REPORT To The Shareholders Heavy Engineering Corporation Limited Ladies and Gentlemen, Heavy Engineering Corporation has completed its 53 years of service to the nation and the Directors of the Company have the pleasure to present the 53rd Annual Report of the Company together with Audited Accounts for the year ended 31st March, 2012. It is matter of great pride that your company continuously earned net profit for the 6th consecutive year and has been conferred BT – Star PSU Excellence Award 2012 in Turn Around Category. 1. PERFORMANCE HIGHLIGHTS We are happy to inform you that inspite of odds like labour unrest, stoppage of bank operation and delay in implementation of upgradation of some of critical facilities your company has shown growth in terms of Gross sales. The gross sale has gone up by 6.5% over that of the last financial year. The gross sales during the year has been ` 725.23 crore against ` 681.21 crore during the previous year. 2. PRODUCTION & SALES The production & sales figures for the year as compared to the previous year and MOU targets are as follows:- 2011-12 2010-2011 MOU Actual MOU Actual Gross Turnover 1000.00 725.23 700.00 681.21 Production 952.22 687.74 667.70 700.55 The Gross Sales, Production and productivity for the last ten years are given below: (` in crore) Gross Sales ` Crore 800 700 681 725 600 500 400 413 454 528 300 304 200 100 0 159 178 2004 -05 2005 -06 2006 -07 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12 3
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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: BOARD OF DIRECTORS (As on 30.11.201
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
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Page 54 and 55: ANNUAL REPORT 2011-12 ANNEXURE - I
Page 56 and 57: ANNUAL REPORT 2011-12 ANNEXURE - II
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ANNUAL REPORT 2011-12 Heavy Machine
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ANNUAL REPORT 2011-12 D. STOCK OF F
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ANNUAL REPORT 2011-12 2011-12 2010-
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