Your Directors are pleased to present the 83rd Annual Report together with the audited
accounts of your Company for the financial year ended 31st March 2014.
The financial performance of the Company for the financial year ended on 31st March,
2014 is summarised below:
(Rs. in Crore)
|Less : Depreciation
|Profit before tax
|Less: Provision for taxation Current tax
|MAT Credit Entitlement
|Profit/(loss) after tax before prior period items
|Add/(Less): Short provisions for taxation of earlier years
|Profit after tax
|Balance of profit of previous year
|Profit available for appropriation
|Debenture redemption reserve
|Proposed dividend on equity shares
|Tax on dividend
|Balance carried to balance sheet
Note: Previous year figures have been regrouped/re-classified wherever required
Financial performance :
Your Company`s performance was commendable despite the prevailing policy logjam and the
Government`s inability to clear important growth inducing policies which put economic
progress on the backburner.
Your Company`s posted a gross turnover of Rs.3314.47 Crores in 2013-14 - a growth of
8.14% over Rs.3064.85 crores in 2012-13. The growth was primarily due to the robust
performance of the prefab business supported by good business volumes from other business
The Company`s flagship business segment - monolithic construction reported a subdued
performance due to the prevailing external factors that impacted business profitability
-namely delays in site clearances and a stretched receivables cycle.
EBIDTA grew to Rs.829.77 crores against Rs.670.47 crore in the previous year, while Net
Profit climbed to Rs.335.06 crore against Rs.269.19 crore over the same period. The
earning per share stood at Rs.10.77 (basic) and Rs.10.77 (diluted) in 2013-14.
Cash plough back into the business was Rs.592.39 crore in 201314 as against Rs.525.98
crore in 2012-13 - providing an adequate cushion for funding growth initiatives.
Your Directors are pleased to recommend dividend of Rs.0.70 per share on face value of
Rs.1/ each, on 31,31,09,980 Equity shares fully paid up as on March 31, 2014 (Previous
Year Rs.0.70 per share on face value of Rs.1/ each, on 31,31,09,980 Equity shares) and any
further equity shares that may be allotted by the Company upon conversion of FCCBs and
Warrants prior to book closure date for 2013-14.
The dividend will be paid subject to the approval of shareholders at the forthcoming
Annual General Meeting to those shareholders whose names appear on the Register of Members
of the Company as on the specified date.
Business review and divisional performance:
Despite the external environment being plagued with high interest costs, stubborn
inflation and a policy logjam, your Company`s performance was heartening. Most key
business verticals, other than monolithic construction, registered improved numbers. A
detailed discussion of your Company`s operations is given under the `Management discussion
and analysis report.`
A. Plastics division: The Company`s plastics business performed well. Revenue grew
6.77% from Rs.2593.14 crore in 201213 to Rs.2768.61 crore in 2013-14 despite the planned
degrowth in the monolithic construction space. The plastics business contributed 90.87% of
the Company`s consolidated revenues.
The prefab business retained its star performer position with large business volumes
from Maharashtra (for sprucing up education facilities), Gujarat (for strengthening
infrastructure in tribal areas) and heartening volumes from other states.
Other businesses namely water storage tanks, sandwich panels and sub-ground structures
logged in strong business volumes to make a meaningful contribution to the business
The SMC business remained the key growth contributor as the Company extended its
footprint into new states generating heartening volumes. Pallets and insulated boxes also
made important contribution to the division`s growth.
B. Textiles division: Your Company`s textile business recorded a strong rebound in
2013-14 supported by strong business volumes. Revenue grew 15.72% from Rs.471.71 crore in
201213 to Rs.545.86 crore in 2013-14. This was achieved primarily due to the shift in
focus from international markets to domestic customers which strengthened business
volumes. Besides, the Company`s innovation efforts in rejuvenating its products baskets,
optimising costs and widen its reach in domestic markets also contributed rich dividends.
The Company`s subsidiaries Nief Plastics SAS, Sintex Wausaukee Composites Inc., Bright
AutoPlast Ltd and Sintex Infra Projects Ltd and provide infrastructure and
highly-engineered custom moulding solutions. These companies work closely with each other
to generate more business and enhance profitability of the parent company. On Account of
disinvestment, of entire holding, Zep Infratech Limited has ceased to be a subsidiary of
Performance of subsidiaries
1) Nief Plastics SAS: The figures of the financial year closed to March 31st , 2014
represent a growth as well as an excellent resistance to the difficult economic and
business environment that prevailed across Europe. The integration of the new subsidiaries
during 2012 (German and Polish) progressed on schedule with the implementation of good
practice of the SINTEX NP group. This allowed us to be close to local markets and enrich
the customer basis with prestigious German references. The year 2014 should go further in
consolidating these gains and ensure the further development of SINTEX NP.
2) Sintex Wausaukee Composites Inc.: During the year, Sintex Wausaukee undertook
extraordinary action that facilitated the Company`s return to profitability. In addition,
the team implemented several initiatives to expand its capabilities which would drive
growth in 2014 and beyond. Some of them include:
Added an ERP system to improve our cost accounting and reporting
Restructured our organization to allow our sales and marketing teams to drive
growth in our new Business Units
Securing organic growth with our core OEMs including the awarding of Phase III
at New Flyer and reorganizing our plants to meet the increased demand for components.
Seek opportunities to expand our capabilities with strategic acquisitions in
thermoforming and RIM.
Continue to drive the growth of our Special Projects Vehicle with the
installation of the Pune LRTM cell and growth opportunities with Cummins Power Generation.
We are confident that these initiatives will strengthen the Company contribution to the
consolidated revenue and profitability.
3) Bright AutoPlast Ltd.: Due to de-growth in the automotive segment the key
customer for Bright Auto resulted in a subdued performance for the Company thus revenue
declined by 2.8% - its first decline in absolute numbers since its takeover, However, due
to various cost reduction measures, Company has improved its EBIDTA by 10.8%. Also the
Company made heartening progress in securing approvals from large and respected global and
Indian brands for new products which will lay the foundation for a robust growth in the
coming years. These approvals include:
Eicher-Polaris: Tailgate outer, Hood Cover, Front & Rear Fender, Fire Wall,
Fuel Tank etc.
Volvo Eicher: Fuel tanks, degassing tanks, Cabin ducts, Air-intake system ducts
and wheel guards
Volvo: DEF Tank (Urea) to serve domestic and export demand for ducts and wheel
Borg-Warner: engine management components
TRW: PAB Cover LH and RH.
Hydec: degassing tanks.
The Company has set-up a Roto-moulding facility inside its Pithampur factory which is
expected to commence operation in the second quarter of 2014-15. In addition, the Company
is setting up a new composite manufacturing facility with LRTM (Light Resin Transfer
Moulding) at its Pune unit. This technology has been acquired from Sintex Wausaukee
Composites Inc USA and will be used for manufacturing large-sized exterior and interior
parts of (more than 2 Sq Meter) with painting for automotive, construction equipment, mass
transit and medical equipment OEMs.
4) Sintex Infra Projects Ltd.: The Company leverages its rich track record of
executing civil and mechanical construction to execute infrastructure projects. It is
working on some important projects namely 1) executing an EPC Contract worth Rs.1300 crore
for Shirpur Power 2) creating check posts projects in Madhya Pradesh and 3) creating
pollution management infrastructure in Uttar Pradesh and 4) a low-cost housing project in
Rajasthan. These projects have progressed as per agreed schedules and the Company has
consistently received funds as per the scheduled milestones.
During the year under review, the company successfully bagged a major EPC contract
worth Rs.1406.51 Crores for setting up the Spinning Project in the state of Gujarat.
Employee stock option scheme
The shareholders of the Company had approved of its employee stock option plan (Sintex
Industries Limited Employees Stock Option Scheme 2006) in February 2006. These ESOPS are
administered by the Sintex Employee Welfare Trust on the basis of recommendations of the
Compensation Committee of the Board. In terms of the plan, the Company periodically
granted stock options to eligible employees. The Company will conform to the accounting
policies specified in the guidelines as amended periodically. The details of the scheme
are set out in Annexure I of this Report.
The Members of the Company in the Annual General meeting held on September 17, 2012
have approved the extension of exercise period from two years to four years of Sintex
Industries Limited Employees Stock Option scheme 2006.
Your Company did not float any deposit scheme to which provisions of Section 58A of the
Companies Act, 1956 and the Rules made there under are applicable.
Listing of shares and securities
The names and addresses of the stock exchanges where the Company`s securities are
listed are given below:
The National Stock Exchange of India Ltd, Exchange Plaza, Plot No. C-1, G Block,
IFB Centre, Bandra Kurla Complex, Bandra (East), Mumbai-400051
BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001
Singapore Exchange Securities Trading Limited, 2 Shenton Way, # 19 - 00 SGX
Centre 1, Singapore-068804. (FCCB`S US$ 140 million)
BSE Limited (Wholesale Debt Market), Phiroze Jeejeebhoy Towers, Dalal Street,
Mumbai-400001 (NCD Rs.250 crores and NCD Rs.350 crores)
The equity shares of the Company have been delisted from Ahmedabad Stock Exchange
Limited w.e.f. 26th August, 2013 and the Company paid Listing Fees to all the above Stock
Exchanges for FY 2014-15.
Management Discussion and Analysis
Pursuant to Clause 49 of the Listing Agreement with the Stock Exchanges, the Management
Discussion and Analysis Report for the year under review are annexed to this Report and
forms part of this Annual Report.
Sintex continues to be committed to good Corporate Governance aligned with the best
practices. It has complied with all the standards set out by SEBI and the Stock Exchanges.
A separate Report on Corporate Governance along with Practising Company Secretary`s
Certificate on compliance with the conditions of Corporate Governance as per Clause 49 of
Listing Agreement with the Stock Exchanges is provided as a part of this Annual Report,
besides the Management Discussion and Analysis.
Your Company has made all information, required by investors, available on the
Company`s website www.sintex.in
Mr. Rahul A. Patel, Managing Director (Group) and Mr. S. B. Dangayach, the Managing
Director of the Company are due to retire by rotation at this Annual General Meeting in
terms of section 152(6) of the Companies Act, 2013 and are eligible for reappointment. The
Board recommends the reappointment of above Directors of the Company.
The independent directors of the Company were appointed as such being liable to retire
by rotation under the erstwhile Companies Act, 1956. However, Explanation to Section
152(6) (e) of the Companies Act, 2013 provides that for the purpose of this sub section
"total number of directors" shall not include independent directors , whether
appointed under this Act or any other law for the time being in force, on the Board of a
company. Accordingly, none of the Independent director shall be liable to retire by
rotation under the new term.
The company at present has six independent directors and in terms of clarification
issued by Ministry of Corporate affairs vide Circular No. 14/2014 Dated 9th June, 2014 and
provisions of Section 149(5) of the Companies Act, 2013, all the independent directors as
on commencement of new act have to be appointed under the provisions within a period of
one year. Mr. Ramnikbhai H Ambani, Smt. Indira J Parikh and Dr. Rajesh B Parikh are due
for retirement in 2014 and other independent directors Dr. Luvkumar Kantilal Shah, Dr.
Narendra K Bansal and Shri Ashwin Lalbhai Shah are due to retire in 2015, 2015 and 2016,
respectively. However, in view of the aforesaid circular, the above three Independent
directors would be deemed to have demitted their office at the ensuing Annual general
Meeting and would be appointed for the first term as Independent Director for a term of
three years i.e. up to the 86th Annual General Meeting in the year 2017. The Company has
received declaration in terms of Section 149(6) of the Companies Act, 2013. The Company
has received specific notices from the members of the Company under section 160 of the
Companies Act, 2013, along with a requisite security deposit in each case for appointments
as Independent Directors for a term of 3 (three) years.
The Board recommends the appointment of above as Independent Directors of the Company.
As stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges, brief
profile of the Directors proposed to be re-appointed, nature of their expertise in
specific functional areas, names of the companies in which they hold directorships and
shareholding are provided in the Notice attached forming part of the Annual Report.
Directors` Responsibility Statement
Pursuant to the requirement under Section 217 (2AA) of the Companies Act, 1956 with
respect to Directors Responsibility Statement, it is hereby confirmed that:
1. In the preparation of the annual accounts for the year under review, the applicable
accounting standards have been followed and there have been no material departures.
2. The Directors have selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent, so as to give a true and
fair view of the state of affairs of the Company at the end of the financial year and of
the profit of the Company for that period.
3. The Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 1956 for
safeguarding the assets of the Company and for preventing and detecting frauds and other
4. The annual accounts of the Company have been prepared on a `going concern` basis.
Consolidated financial statements
The Consolidated Financial Statements have been prepared in accordance with the
Accounting Standards prescribed by the Institute of Chartered Accountants of India, in
In accordance with the general circular issued by the Ministry of Corporate Affairs,
Government of India, the Balance Sheet, Profit & Loss Account and other documents of
the subsidiary companies are not being attached with the Balance Sheet of the Company.
However, the financial information of the subsidiary companies is disclosed in the Annual
Report in compliance with the said circular. The Company will make available the annual
accounts of the subsidiary companies and the related detailed information to any member of
the Company who may be interested in obtaining the same. The annual accounts of the
subsidiary companies will also be kept open for inspection at the Registered Office of the
Company and that of the respective subsidiary companies. The Consolidated Financial
Statements presented by the Company include the financial results of its subsidiary
Conservation of energy, technology absorption, and foreign exchange earnings and outgo
A statement containing the necessary information required under Section 217(1)(e) of
the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report
of Board of Directors) Rules, 1988, are given in the Annexure II forming part of this
Particulars of employees
The information required as amended under section 217(2A) of the Companies Act, 1956,
read with Companies (Particular of Employees) Rules, 1975, forms part of this report as
Annexure III. However, as permitted by Section 219(1) (b) (IV) of the Companies Act, 1956,
this Annual Report is being sent to all shareholders excluding the said Annexure. Any
shareholder interested in obtaining the particulars may obtain it by writing to the
Company Secretary at the registered office of the Company.
All the Properties of your Company, including plant and machinery, buildings,
equipments, and stocks among others have been adequately insured.
Auditors and Auditors Report
M/s Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad, are associated with
the Company, since long as Statutory Auditors. The Company is in receipt of a Special
Notice u/s 140 (4) read with section 115 of the Companies Act, 2013 proposing M/s Shah
& Shah Associates, Chartered Accountants, Ahmedabad (FRN 113742W) as Statutory
Auditors in place of M/s Deloitte Haskins & Sells, Chartered Accountants, the retiring
Auditor of the Company. Although not statutorily required under the provisions of the
Companies Act, 2013, but as part of pro-active governance and considering the Auditor`s
rotation, the Board of Directors on the recommendation of the Audit Committee has decided
to support the said Special Notice. M/s. Shah & Shah Associates, Chartered
Accountants, Ahmedabad (FRN 113742W) have furnish a letter dated 27th June, 2014 to the
effect that the appointment, if made, would be within the prescribed limits under the
Section 141(3)(g) of the Companies Act, 2013 and they are not disqualified for
The Board places on record its appreciation for services rendered by M/s Deloitte
Haskins & Sells, as Statutory Auditors` of the Company.
The Notes on Financial Statement referred to in the Auditors Report are self
explanatory and do not call for any further comments.
The Central Government has approved the appointment of M/s. Kiran J Mehta & Co,
Cost Accountants, Ahmedabad (Membership No. 00025) and Mr. V. H. Shah, Cost Accountants,
Ahmedabad (Registration No. 100257) for conducting Cost Audit for the Financial Year
2013-14 for the Textile and Plastic Businesses of the Company respectively.
The Company has filed the consolidated Cost Audit Report for the year ended March 31,
2013 on September 27, 2013 within the time limit as prescribed by the Ministry of
Corporate Affairs. The Company has also filled the cost compliance report on September 27,
2013 within the time limit as prescribed by the Ministry of Corporate Affairs.
Your Directors wish to place on record the excellent support, assistance and guidance
provided by the financial institutions, banks, customers, suppliers and other business
associates. Thanks to our Company`s employees for their tireless efforts and high degree
of commitment and dedication. Your Directors especially appreciate the continued
understanding and confidence of the Members.
||On behalf of the Board,
|Date: July 4, 2014
||Dinesh B Patel
Annexure "I" to the Directors` Report
Disclosure pursuant to the provisions of SEBI (Employee Stock Option Scheme and
Employee Stock Purchase Scheme) Guidelines, 1999
Details of the grants as on March 31, 2014
|a. Total number of options covered under the plan
|b. Total number of options granted
|c. Pricing formula
||An exercise price of Rs.45.85 per equity share shall be payable by an employee
pursuant to the ESOP Scheme.
||The employee can opt for conversion of the options by applying to the Trust by a
written notice during the exercise period, in a specified format accompanied by payment of
the exercise price and all applicable taxes. Such notice is required to be provided by the
employees to the Trust not less than 30 (thirty) days before the exercise of the options
by the employee.
|d. Vesting schedule
||All options granted on any date shall vest at the expiry of 36 months from the date of
|e. Options vested
|f. Options exercised
|g. Options lapsed
|h. Variation of terms of options
||The Members of the Company at the Annual General Meeting held on 17.09.2012 have
approved extension of exercise period from two years to four years.
|i. Money realised by exercise of options
|j. Total number of options in force
|k. Person-wise details of options granted to:
|(ii) Key managerial employees
|(iii) Any other employee who received a grant in any year of options amounting to 5%
or more of options granted during that year
|(iv) Identified employees who are granted options, during any one year equal to or
exceeding 1% of the issued capital (excluding warrants and conversions) of the Company at
the time of grant
|l. Diluted earnings per share
||On exercise of option during the period under review there is no dilution earning per
|m. Weighted average exercise price
||An exercise price of Rs.45.85 per equity share shall be payable to the ESOP Scheme
|n. Weighted average fair value of options
|o. Description of method and assumptions used for estimating fair value of options
* Consequent upon sub-division of the each equity share of the company from Rs.2 per
equity share into two equity shares of Rs.1 each, the employees of the Company eligible
for equity of the company under Sintex Industries Limited Employees Stock Option Scheme,
2006 (ESOP 2006) be entitled to two equity shares of Rs.1 each, on exercise of option
under the said Scheme, at an exercise price of Rs.45.85 per equity share, as stated in the
Annexure "II" to the Directors` Report
Information required under section 217 (1)(e) of the Companies Act, 1956
1) CONSERVATION OF ENERGY
a) Energy conservation measures taken: Plastics Division:
1) Installed 2 no (30 hp & 40 HP) Ac freq. drive at Hydraulic Press in SMC Dept.
resulting in power saving and less maintenance.
2) LED Lighting Fixtures installed in place of old light Fixtures resulting resulting
in power saving and less maintenance.
3) T-5 Lighting Fixtures installed in all New Out side Plant resulting in less power
consumption and less maintenance.
4) For SMC Dept, Pultrusion Dept, Roto Moulding Dept & Street light planned for LED
Lighting Fixtures in place of Old Light Fixture.
5) Replaced A.C. Variable Drives in Place of DOL Starter on Rock & Roll Machines in
Roto Molding dept. resulting in Energy Saving and Reduction in Mechanical & Electrical
Maintenance and down time.
6) Replaced Energy Efficient Bore well pump in Bore well No.-2 to get energy saving.
7) Installed Smart Sense instrument at Namakkal, Ulubearia, Nalagarh Plant to see
Online (Current and previous day`s) various parameters of electric power, i.e voltage,
Amp., KVA and KWH in any computer with Internet connection. Also provision of SMS alert if
any value goes beyond the set parameters. The benefit is to get proper load shedding as
per advance planning.
8) Installed New 6 No`s Inverter type Split Air condition in place of very old window
Air Condition resulting energy saving.
9) Using PLC Based Blow Molding Machine we have Benefited Considerably such as
Productivity increased, reduced consumption of Power, reduced Maintenance and Man Power
10) Installed AC Freq. Drive at compressor in FRP dept. The Result is Less Power
consumption and Break Down Reduced in Power cost.
11) In office building chilling plant & Pre Molding chilling plant replaced 5 H.P.
Efficient pump in place of old inefficient 7.5 H.P. pump.
12) Renovated the screw & barrel in 150 MM Extruder m/c. The result is increased
13) Insulation of all Inlet & Out let pipe lines of Voltas Chilling Plant in
Pre-molding dept. was revamped. The result is increase in cooling efficiency and saving
the electrical consumption.
14) Installed CCTV cameras in SMC, Roto Molding & Various Security Points to
control the various activities.
1) In the Process Division, an overhead water tank was installed. Prior to this, water
was supplied through a pump, which was running for 24 hours continuously. After the
installation of an overhead tank, the working of the pump is reduced there by reducing
power consumption and got smooth distribution of water supply with equal pressure at
different water usages.
2) Existing MS Water Supply Pipeline of Processing Department is replaced with ASTRAL
CPVC line for rustless water supply and it consumes the less power because of the
resistance less surface.
3) At Central Effluent Treatment Plant, earlier one no. Blower Motor (having 30 HP
capacity) was running continuously 24 Hrs. After changing the process of treatment,
working hours of this blower motor is now reduced to 40 % resulting into saving of energy.
4) After modification is done on pipe line at Old ETP plant. Before from Old ETP to
Central Effluent plant Effluent is supply through two nos of pump 50HP and 40HP. After
modification only one pump 50HP is used and working of 40HP pump is reduce to 80% Which
resulting into saving of energy.
5) Condensate water from CRP plant is taken back into system for re-use, resulting in
cost savings. This Water is fed to feed water of boiler and due to its high temperature
the boiler efficiency is increased.
6) Process Department, Mercerise Machine Condensate Return Water is now recovered and
being used as Feed Water in Mill Steam Boiler. This water was earlier drained in to
7) In Omni Airjet Looms, LED type under loom lighting fixtures installed for weaving
fabric quality checking on loom. This LED type fixtures are having less power consumption
and less maintenance compared to conventional type fixtures.
8) For Increasing the efficiency of Steam Boilers, High Pressure Jetting Wash
introduced while annual inspection of boilers.
9) In IBL Steam Boilers, Common Draft of Flue Gas is divided in to two individual draft
for increasing the efficiency of the IBL boiler.
10) In Yarn dyeing Division, Overhead water Tank is installed. Before water supply
through pump was running continuously 10 Hrs. After installation of overhead tank this
pump is eliminated resulting in power saving.
11) In Softening Plant, the supply of bore well water was given by two nos. centrifugal
pumps which are replaced by one submerged pump resulting in power reduction.
12) In textile Division, Humidification Plants are audited for its performance by
calculation of volume and existing CFMs. From the report, CFMs are balanced in all plants
by changing blade angles and switching off the return and supply air fans, ultimately
resulting into saving of energy.
b) Additional investments and proposals, if any, being implemented to reduce
consumption of energy. Plastics Division
1) To install Ac freq drive at Pultrusion & rock & roll Machine Machine in Pre
Molding & Roto Molding dept. at out site plant
2) Working on replacement of remaining Street Light & Departments lights by LED
fixtures which consume less power and reduction in maintenance.
3) Renovation of Screw & Barrel of 150 MM Extruder m/c to increased the production.
4) PS. department cooling water pipe line modification. This is to introduce reducing
5) PS. department chilling plant working efficiency with less energy consumption is to
be increased by introducing heat exchanger.
1) In Textile Division, we are introducing Effluent Heat Recovery Skid which recollect
the thermal energy from the hot effluent of yarn dye house and gives the hot water output
for the dyeing machines.
2) In Textile Division, we are working on replacement of underloom tubelights by LED
strips which consumes 50% less power than the tube light fixtures without affecting the
light output for quality inspection and control to reduce energy consumption and
3) In the textile division, by replacing high-efficiency ring frames, power consumption
reduced and productivity increased.
4) In the textile division, Staffy-made yarn dyeing machines are to be replaced with
fully-automatic Gofront-made yarn dyeing machines, which are more energy-efficient.
c) Impact of the measures (a) and (b) above for reduction of the energy consumption and
the consequent impact on the cost of production of goods.
1) In the textile division, quality production is achieved by saving a considerable
amount of power.
2) The above mentioned measures resulted in energy saving and a subsequent reduction in
energy costs, reducing production costs.
3) In the plastics division, the impact of energy saving devices will be peripheral in
the beginning. However, it will be substantial if the entire programme is implemented.
d) Total energy consumption and energy consumption per unit of production with respect
to the Company`s products.
Details are provided in Form A annexed hereto.
2) TECHNOLOGY ABSORPTION.
e) Efforts made in technology absorption
Details are provided in Form B annexed hereto.
3) FOREIGN EXCHANGE EARNINGS AND OUTGO.
f) Activities relating to exports, initiatives taken to increase exports,
development of new markets for products and services and export plans
g) Total foreign Exchange used and earned.
||(Rs. in Crores)
||(Rs. in Crores)
|i) Foreign Exchange earned including direct exports
|ii) Foreign Exchange used
Form - A
FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO CONSUMPTION OF ENERGY.
|(A) Power and Fuel Consumption.
|(a) purchased: Unit (lacs)
|Total Amount (Rs. lacs)
|(b) Own Generation
|(i) Through Captive Power Plant: (M&W)
|Units per liter of Diesel/Furnace oil/Gas
|(ii) Through Captive Power Plant: (GT)
|Units per SCM of Gas
|2. Furnace Oil: (Qty.Kilolitres)
|Total Amount (Rs. lacs)
|Average Rate (Rs./litre)
|(a) Natural Gas
|Quantity Consumed in M3
|Total cost (Rs. lacs)
|(b) RLNG Gas
|Quantity Consumed in (000) SCM
|Total cost (Rs. lacs)
|Rate/Unit (000 SCM)(Rs.)
|Quantity consumed (in lacs kgs)
|Total cost (Rs. in lacs)
|Rate/unit (Kgs.) (Rs.)
|(B Consumption per Unit of Production:
|1. Electricity (Units)
|Textile a) Fabrics on production meters basis
|b) Yarn (per kg.)
|Plastic Containers (per kg.)
||standard as such
|Plastic Section (per kg.)
|Sheet Moulding (per kg.)
|2. Gas Consumption (Textile - on production mtr.basis)
|3. Others: (a) Gas (M3)
|(Textile on production meters basis)
|Plastic Containers (Per kg.)
|Plastic Sections (Per kg.)
|Plastic Containers (Per kg.)
The variation in consumption in power and fuel was due to a different product mix
between current and previous year.
Form - B
FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO ABSORPTION OF TECHNOLOGY, RESEARCH
Research and Development (R & D)
|1. Specific areas in which R & D carried out by the Company
||Prefab shops, prefab houses, kiosks, modular toilets, portable toilets, underground
water tanks, underground petroleum tanks, septic tanks, package type wastewater treatment
systems, bamboo houses etc.
|2. Benefits derived as a result of the above R & D.
||Plastics Division developed various technologies and techniques in the field of
plastics for the manufacture of above products.
|3. Future plan of action
||Plastics Division will continue to work on the improvement of major products as well
as develop specialized applications on existing processes.
|4. Expenditure on R & D
|d) Total R & D expenditure as a percentage of total turnover
Technology absorption, adaptation and innovation
|1. Efforts, in brief, made towards technology absorption, adaptation and innovation.
||Efforts are made to improve cost effective technology for productive and quality
|1. Benefit derived as a result of the above efforts e.g. product improvement, cost
reduction, product development, import substitution etc.
||The Plastics Division has introduced a number of new products and opened up new areas
|2. Information regarding technology imported during the last five years.