HINDALCO ANNUAL REPORT 2011-12 PDF

Annual Report i W . Hindalco Industries Limited, the metals flagship company of the. Aditya Birla 12 Months 12 Months. Annual Report 2. A Metals Powerhouse. We have audited the Standalone Ind AS financial statements of HINDALCO .. The Supreme Court. Green Cess. Cess. to

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Annual Reports archive – Hindalco

Its Net loss stood at Rs. The report provides strategic direction and a more detailed analysis on the performance of individual businesses and their outlook. The other Members of the Committee are Mr. Mar 31, Dear Shareholder. During the year, a provision of Rs. In accordance with the provisions of the section 3 of the Act, read with the Companies Accounts Rules,a report on the performance and fi nancial position of each of the subsidiaries, associates and Joint Venture is attached as Annexure-VII to this Report.

The construction of new automotive sheet finishing plant in Changzhou, China is also on track. These record operating results were primarily due to the Company s focus on cost reductions and restructuring initiatives.

Any Member, who is interested in obtaining these particulars about employees, may write to the Company Secretary at the Registered Office of your Company. Furthermore, refinancing and recapitalizing the business has positioned the Company to significantly invest over the next few years to capture strong market growth in its key product segments globally.

Together with corporate dividend tax of Rs. A separate chapter in this report deals at length with your Company s initiatives and commitment to environment conservation. Share of profit of Idea accounted for in consolidated accounts of the Company for the year ended 31st March, was Rs.

This responsibility also includes maintenance of adequate hindzlco records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Ind AS financial statements that hindlaco a true and fair view and are free from material misstatement, whether due to fraud or error.

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The engagement has resulted 2011-12 some patent applications, which have been and will be assigned to your company on the grant of the patent.

Abundant liquidity kept short-term rates low. Mar 31, Dear Shareholder, The Directors have pleasure in presenting the 56th Annual Report and the audited standalone and consolidated hinalco statements of your company for the year ended 31st March, Such third party cookies may track your use on Goodreturns sites for better rendering.

Annual Reports archive

Natural gas adaptation for its rotary kilns is being evaluated. Refer Note No 55 C. The Directors have pleasure in presenting the 59 th Annual Report and the audited standalone and consolidated financial statements of your company for the year ended 31 st March, Agarwala, Non Executive Director and Mr.

The options will vest in 4 equal annual instalments after one year of the grant. Particulars as per Section of the Companies Act, The information relating to the conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo required under Section 1 e of the Companies Act,is set out in a separate statement attached to this report Annexure B.

Interest costs went up significantly consequent to higher borrowing and capitalization of some assets at projects. The Non Executive Repott scored well in all aspects.

The discrepancies noticed on the physical verification of inventory as compared to book stock were not material. Accounting for all derivatives from 1st April, have been done as prescribed under the AS. The Board has reappointed him as Managing Director for the further period of five years w. Together with the Corporate Dividend Tax of Rs. The management is now focussed on implementation of various cost optimisation initiatives and rationalisation of capex spending.

Auditors The observations made in the Auditors” Report are self-explanatory and do not hindslco for any further comments under Section 3 of the Companies Act, Kumar Mangalam Birla and appointment of Ms. Any member, interested in obtaining such particulars, may write to the Company Secretary at the Registered Offi ce of the Company.

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In terms of provisions of Section of the Companies Act,Mr. Recognition and Measurement, in so far as it relates to derivative accounting, from 1st April, In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone Ind AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity hinxalco the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,and its profit including other comprehensive incomeits cash flows and the changes in equity for the year ended on that date.

The evaluation framework focused on various aspects of the Board and Committees such as review, timely information from management etc. The total outstanding deposits are Rs. The Company is in the process of building necessary infrastructure to support the execution of the rwport, followed by transition to regular commercial operations. The Company has received an amount equal to 25 per cent of the price of each such warrant. A separate section on Corporate Governance together with a annal from the Auditors of the Company regarding full compliance of conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement forms part of the Annual Report.

Brief resume 2011–12 the director being reappointed form part of the notice of hindaoco ensuing Annual General Meeting. Bhattacharya as Managing Director is expiring on 30th September, Other income at Rs.

Lower production was mainly due to loss of production of copper in concentrate at Mt. The drop in overall production was partly off-set by Net sales for fiscal were USD 8. For the year ended 31st March, the Board of Directors of your Company have recommended dividend of Re.