Annexure XIV Continuedâ¦ - Edelweiss

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Particulars Fiscal 2006 Fiscal 2007 Fiscal 2008 Fiscal 2009 (` in millions) Fiscal 2010 Nine months ended December 31, 2010 Profit after tax and before adjustments......... 722.27 597.23 562.59 2,253.96 1,553.02 1,009.35 Prior period items (Refer to Note C of <strong>Annexure</strong> IV) .. - - 0.75 - - - Profit after tax and before adjustments and after prior period items 722.27 597.23 561.84 2,253.96 1,553.02 1,009.35 Total of adjustments after tax impact ....................... (177.63) (72.28) 235.71 (77.92) 21.92 29.39 Net profit as restated (before consolidation adjustments) ................... 544.64 524.95 797.55 2,176.04 1,574.94 1,038.74 Add/ (less) consolidation adjustments: - Share of loss/ (profit) transferred to minority ..... (19.95) (4.27) 17.81 17.91 81.49 60.94 - Share in profit of associate - - - 44.62 36.30 71.93 - (Profit)/ loss on further acquisition of subsidiaries (0.55) - (11.26) 12.16 76.68 - Net profit as restated (after consolidation adjustments) ................... 524.14 520.68 804.10 2,250.73 1,769.91 1,171.61 Nine months ended December 31, 2010 Income Our total income for the nine months ended December 31, 2010 was ` 9,357.79 million. The total income consists of income from coal beneficiation and allied receipts, sale of coal, sale of power, sale of sponge iron, sale of equipment and other income. Coal beneficiation and allied receipts Coal beneficiation and allied receipts income for the nine months ended December 31, 2010 was ` 2,910.62 million which consisted primarily of beneficiation receipts for the beneficiation of raw coal for our various customers, transportation charges for transporting raw coal from mines to our coal beneficiation plants, transportation charges for transporting beneficiated coal from our coal beneficiation plants to railway sidings and loading charges for loading washed coal into railway wagons. Coal beneficiation and allied receipts income contributed 31.10% of our total income in the nine months ended December 31, 2010. Sale of Coal Sale of coal income for the nine months ended December 31, 2010 was ` 4,806.69 million which consisted primarily of the sale of coal rejects generated in the coal beneficiation process, the sale of reprocessed coal rejects, the sale of coal rejects blended with raw coal (purchased primarily in e-auction), the sale of raw coal (purchased in e-auction) and the sale of beneficiated coal (generated from raw coal we purchased). Sale of coal income contributed 51.37% of our total income in the nine months ended December 31, 2010. 289
Sale of Power \Sale of power income for the nine months ended December 31, 2010 was ` 670.57 million which consisted primarily of the sale of thermal and wind power. Sale of power income contributed 7.17% of our total income in the nine months ended December 31, 2010. Sale of Sponge Iron Sale of sponge iron income for the nine months ended December 31, 2010 was ` 828.13 million. Sale of sponge iron income contributed 8.85% of our total income in the nine months ended December 31, 2010. We sold our sponge iron business on April 9, 2011. Other income Other income for the nine months ended December 31, 2010 was ` 128.30 million which consisted primarily of interest income from bank deposits of ` 62.66 million, interest income from inter-corporate deposits/security deposits of ` 8.24 million, railway siding rental receipts of ` 45.04 million and other miscellaneous receipts of ` 7.20 million. Other income contributed 1.37% of our total income in the nine months ended December 31, 2010. Expenditure Total expenditure for the nine months ended December 31, 2010 was ` 7,686.96 million. The total expenditure consists of the purchase of coal, decrease/(increase) in stock, direct expenses, personnel costs, administrative and selling expenses, depreciation and finance costs. Purchase of coal Purchase of coal for the nine months ended December 31, 2010 was ` 2,644.94 million which consisted primarily of the purchase of coal rejects and related transportation costs and the purchase of raw coal (primarily in e-auction) and related transportation costs. Purchase of coal was equal to 28.26% of our total income in the nine months ended December 31, 2010. Decrease/(increase) in stock Our stock increased by ` 410.56 million in the nine months ended December 31, 2010. Our stock increase was equal to 4.39% of our total income in the nine months ended December 31, 2010. Direct expenses Direct expenses for the nine months ended December 31, 2010 were ` 3,372.48 million which consisted primarily of transportation and loading charges of ` 1,779.11 million, materials consumed of ` 952.43 million, O&M of plant, machinery, buildings and heavy vehicles of ` 465.77 million and power and fuel of ` 156.69 million. Direct expenses were equal to 36.04% of our total income in the nine months ended December 31, 2010. Personnel cost Employee costs for the nine months ended December 31, 2010 were ` 499.21 million which were comprised of salaries, wages and bonuses of ` 455.30 million, contribution to provident and other funds of ` 25.87 million and staff and welfare expenses of ` 18.04 million. Employee costs and operation, maintenance and other expenses were equal to 5.33% of our total income in the nine months ended December 31, 2010. Administrative and selling expenses Administrative and selling expenses for the nine months ended December 31, 2010 were ` 536.27 million which consisted primarily of rent of ` 48.33 million (consisting of rent for leases of land, railway siding and other properties), rates, fees and taxes of ` 37.12 million (consisting of fees of ` 20.71 million related to an increase in authorized share capital), legal and professional fees of ` 40.27 million, security expenses of ` 20.45 million, travelling and conveyance of ` 35.41 million, handling charges paid to various agencies of ` 290
Page 1 and 2: e) Enterprises over which key manag
Page 3 and 4: Annexure XIV continued... (Amount i
Page 5 and 6: For the year ended 31 March 2008 Pa
Page 7 and 8: Annexure XIV continued... For the y
Page 9 and 10: Statement of segment reporting, as
Page 11 and 12: FINANCIAL INDEBTEDNESS Set forth be
Page 13 and 14: Sr. No. Name of Lender Facility (in
Page 17 and 18: Sr. No. Bank Guarantees Name of Len
Page 21 and 22: MANAGEMENT’S DISCUSSION AND ANALY
Page 23 and 24: (2) Capacity refers to the normativ
Page 25 and 26: Availability and price of raw coal
Page 27 and 28: Impairment The carrying amounts of
Page 29: Finance cost Finance costs include
Page 33 and 34: Spectrum Coal became our wholly-own
Page 35 and 36: products as charged by the customer
Page 37 and 38: Fiscal 2009 compared to Fiscal 2008
Page 39 and 40: Coal beneficiation and allied recei
Page 41 and 42: Provision for Tax The provision for
Page 43 and 44: For Fiscal 2008, our cash flow from
Page 45 and 46: Other contractual obligations The f
Page 47 and 48: Future Relationship Between Cost an
Page 49 and 50: conditions prescribed in clause 4.1
Page 51 and 52: duty. Further, the original land ow
Page 53 and 54: Section 73A of the Finance Act alon
Page 55 and 56: E/DL/28679/7AC-IV3622, dated Februa
Page 57 and 58: disputed his retirement claiming th
Page 59 and 60: Outstanding litigation and proceedi
Page 61 and 62: Civil Writ Petition No. 4982 of 201
Page 63 and 64: SCPL has filed an appeal no. 1880/M
Page 65 and 66: SFIL has filed 11 cases under secti
Page 67 and 68: Consequent to this merger, BCFL has
Page 69 and 70: 1. SHL v. Deputy Commissioner of In
Page 71 and 72: 3. Show cause notice dated April 20
Page 73 and 74: SMASL has filed a writ petition no.
Page 75 and 76: 8. Sindhu Realtors Private Limited
Page 77 and 78: Appeal, Bharatpur who disallowed th
Page 79 and 80: efore Commissioner of Central Excis
Page 81 and 82:
GOVERNMENT AND OTHER APPROVALS In v
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Sr. No. Issuing Authority 10. Comme
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Sr. No. Issuing Authority State Ele
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Sr. No. Issuing Authority 1. Inspec
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Sr. No. Issuing Authority Organisat
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Sr. No. Issuing Authority 5. Office
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Sr. No. Issuing Authority 3. Chhatt
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Sr. No. Issuing Authority 8. Office
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S. No . Issuing Authority License N
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S. No . Issuing Authority License N
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Sr. No. Issuing Authority assistanc
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2. Ministry of Environment, GoI Ter
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KEY PROVISIONS OF CERTAIN AGREEMENT
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5. Coal Supply Agreement dated Sept
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3. Agreement dated June 28, 2006 be
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not remedied by SWSL within 90 days
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Company can also terminate the IA,
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5. Fuel Supply Agreement between Re
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costs related to such rehabilitatio
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2. Power purchase agreement dated J
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• Mr. Rudra Sen Sindhu and Mr. Vi
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(b) Our Company has applied to the
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AGREEMENT ENTERED INTO BETWEEN THE
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observe, any such restrictions. Any
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form and context in which they appe
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Except as stated in the sections ti
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For further details please refer to
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• right to receive offers for rig
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ISSUE STRUCTURE This public issue o
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@ In case of ASBA Bidders, the SCSB
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ISSUE PROCEDURE This section applie
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electronic form, the ASBA Bidder sh
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documents to hold and invest in equ
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Bids by Non Residents including Eli
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• Eligible Employees who bid for
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The maximum and minimum Bid size ap
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the Floor Price and at the Cap Pric
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1. The members of the Syndicate and
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finalization of the Basis of Allotm
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the Anchor Investors, the Anchor In
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2. Ensure that you use the ASBA Bid
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should be signed by the ASBA Accoun
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The Bidders should note that the es
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the Bids clearly indicate the schem
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• Bids at Cut-off Price by Non-In
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Bidders can contact the Compliance
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BASIS OF ALLOTMENT A. For Retail In
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Method of Proportionate Basis of Al
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Please note: 1. The illustration pr
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• They shall not have recourse to
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RESTRICTIONS ON FOREIGN OWNERSHIP O
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MAIN PROVISIONS OF OUR ARTICLES OF
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fulfillment or discharge of such de
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notarially certified copy thereof h
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(a) (b) (c) (d) (e) the power to ma
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Proposed Issuance is first offered
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OTHER INFORMATION MATERIAL CONTRACT
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through its investment manager, ICI
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Annexure XIV Continuedâ¦ - Edelweiss

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Annexure XIV Continuedâ¦ - Edelweiss