File_2012_Document1

64 Jindal Steel & Power Limited Business Leadership Sustainable OperationsExcellent GovernanceRobust FinancialsAnnual Report 2011-1265Key Performance IndicatorsNoticeKey PerformanceIndicators(` in crore except otherwise stated)2011-12 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03INCOME STATEMENT Consolidated Standalone Consolidated Standalone Standalone Standalone Standalone Standalone Standalone Standalone Standalone StandaloneDOMESTIC SALES 18,117.60 13,242.96 12,602.56 9,065.14 7,485.17 7,436.16 5,478.62 3,326.95 2,506.10 2,120.83 1,309.69 989.57EXPORTS 1,498.85 1,498.85 1,395.83 1,395.83 410.41 1,021.37 653.01 592.84 371.85 329.04 83.10 3.61OTHER INCOME 141.94 184.48 82.00 143.16 117.31 122.52 49.12 28.97 27.51 17.43 11.25 8.50GROSS SALES & OTHERINCOMENET SALES & OTHERINCOMEOPERATING PROFITS(PBIDT)19,758.39 14,926.29 14,080.39 10,604.14 8,012.89 8,580.05 6,180.75 3,948.76 2,905.46 2,467.30 1,403.94 1,001.6818,350.53 13,518.43 13,193.59 9,717.34 7,484.90 7,799.43 5,459.87 3,548.78 2,617.76 2,271.03 1,272.86 889.116,935.11 4,246.97 6,398.59 3,725.71 2,612.13 2,603.82 2,162.61 1,431.58 1,034.33 907.54 511.78 350.90PROFIT AFTER TAX (PAT) 4,002.26 2,110.65 3,804.01 2,064.12 1,479.68 1,536.48 1,236.96 702.99 572.94 515.70 305.46 145.08CASH PROFIT 5,575.20 3,167.32 5,115.02 2,915.22 2,107.07 2,074.81 1,768.10 1,174.21 858.41 765.76 434.25 267.15BALANCE SHEETGROSS BLOCK 35,802.11 25,684.12 29,316.50 19,865.22 15,249.49 9,680.92 6,579.42 5,866.87 4,389.32 2,875.98 1,966.97 1,504.00NET BLOCK 29,966.07 22,028.87 24,884.38 17,078.29 13,139.34 8,063.91 5,396.31 5,085.12 3,846.99 2,514.22 1,719.97 1,324.69SHARE CAPITALEQUITY 93.48 93.48 93.43 93.43 93.12 15.47 15.40 15.40 15.40 15.40 15.40 14.63PREFERENCE - - - - - - - - - - - 10.00NET WORTH 17,931.20 10,831.31 14,088.10 8,686.15 6,720.64 5,385.11 3,722.12 2,475.17 1,837.92 1,317 37 853.87 571.17BORROWINGS 17,090.80 15,714.32 13,976.59 12,110.91 8,383.26 4,962.65 3,863.35 3,507.72 2,745.37 1,495.86 1,025.96 885.26SIGNIFICANT RATIOSOPERATING PROFIT TO NETSALES (%)NET PROFIT TO NETSALES (%)TOTAL DEBT TO EQUITYRATIORETURN ON CAPITALEMPLOYED (%)RETURN ON NET WORTH(%)PER EQUITY SHARES38 31 48 38 35 33 40 41 40 40 40 3922 16 29 22 20 20 23 20 22 23 24 160.95 1.45 0.99 1.39 1.25 0.92 1.03 1.40 1.49 1.13 1.09 1.4121 17 22 17 16 24 25 21 22 28 24 2722 19 27 24 22 29 33 28 31 39 36 25BOOK VALUE (`) 191.82 115.87 150.79 92.95 72.17 348.21 241.76 160.77 119.40 85.60 55.40 39.00EPS (ANNUALISED) (`) 42.42 22.58 40.22 22.11 15.90 16.57* 13.39* 7.61* 6.20* 5.58* 3.34* 1.73*DIVIDEND RATE (%) 160 160 150 150 125 110* 80* 72* 60* 60* 40* 25** Normalised on account of issue of bonus shares in the ratio of 5:1 during 2009-10NOTICETo,The Members,Jindal Steel & Power LimitedNotice is hereby given that 33rd Annual General Meeting of themembers of the Company will be held on Wednesday, the 26thday of September, 2012 at 12.00 noon at the registered office ofthe Company at O.P. Jindal Marg, Hisar – 125 005, Haryana totransact the following business:ORDINARY BUSINESS1. To receive, consider and adopt the Balance Sheet as at31st March, 2012 and Profit & Loss Account for the financialyear ended on that date and the Reports of Directors andAuditors thereon.2. To declare dividend on equity shares.3. To appoint a Director in place of Shri Haigreve Khaitanwho retires by rotation and being eligible offers himself forre-appointment.4. To appoint a Director in place of Shri Hardip Singh Wirkwho retires by rotation and being eligible offers himself forre-appointment.5. To appoint a Director in place of Shri Rahul Mehra whoretires by rotation and being eligible offers himself forre-appointment.6. To appoint a Director in place of Shri Sushil Maroo whoretires by rotation and being eligible offers himself forre-appointment.7. To appoint M/s S.S. Kothari Mehta & Co., CharteredAccountants (Firm Registration no. 000756N) as Auditorsof the Company to hold office from the conclusion of thismeeting upto the conclusion of the next meeting and to fixtheir remuneration.SPECIAL BUSINESS8. To consider and, if thought fit, to pass withor without modification(s), the followingresolution as an Ordinary Resolution:“RESOLVED THAT in accordance with the provisions ofSection 257 and all other applicable provisions, if any, of theCompanies Act, 1956, Smt. Shallu Jindal, be and is herebyappointed as Director of the Company, liable to retire byrotation.”9. To consider and, if thought fit, to pass withor without modification(s), the followingresolution as an Ordinary Resolution:“RESOLVED THAT in accordance with the provisions ofSection 257 and all other applicable provisions, if any, ofthe Companies Act, 1956, Shri Manohar Lal Gupta, be andis hereby appointed as Director of the Company, liable toretire by rotation.”10. To consider and, if thought fit, to pass withor without modification(s), the followingresolution as an Ordinary Resolution:“RESOLVED THAT pursuant to Section 198, 269, 309 and allother applicable provisions, if any, and Schedule XIII to theCompanies Act, 1956 read with Article 139 of Articles ofAssociation of the Company, the Company hereby approvesappointment of Shri Manohar Lal Gupta as WholetimeDirector with effect from 01st May, 2012 for a period of fiveyears on the following terms and conditions:(a)Basic salary of ` 92,510/- (Rupees ninety two thousand fivehundred ten only) per month.(b) Performance based target variable pay, benefits,perquisites, allowances, reimbursements and facilities asmay be determined by the Board, from time to time.RESOLVED FURTHER THAT notwithstanding anything tothe contrary contained hereinabove, where in any financialyear during the currency of his tenure, the Company hasno profits or its profits are inadequate, the Company willpay remuneration by way of basic salary, performancebased target variable pay, benefits, perquisites, allowances,reimbursements and facilities as specified above.”