BATA INDIA LIMITED

Board of Directors
Mr. Uday Khanna
Mr. Rajeev Gopalakrishnan
Mr. Ranjit Mathur
Mr. Jack G. N. Clemons
Mr. Jorge Carbajal
Mr. tul !ingh
Mr. kshay Chudasama
Audit Committee
Mr. tul !ingh
Mr. Uday Khanna
Mr. Jack G. N. Clemons
Mr. Jorge Carbajal
Mr. kshay Chudasama
Nomination, Governance &
Compensation Committee
Mr. Uday Khanna
Mr. Jack G. N. Clemons
Mr. Jorge Carbajal
Mr. tul !ingh
Mr. kshay Chudasama
Sharehoder ! Investor
Grievance Committee
Mr. Uday Khanna
Mr. Rajeev Gopalakrishnan
Mr. Ranjit Mathur
E"ecutive Committee
Mr. Rajeev Gopalakrishnan
Mr. Ranjit Mathur
Mr. "nrico #onolli
Mr. !anjay Kanth
Mr. nup Jain
Ms. !ook $ong
Mr. !umit Kumar
Mr. $rancesco $erraris
Mr. %ijay Gogate
Compan# Secretar# &
Compiance $fficer
Mr. Maloy Kumar Gupta
Auditors
M&s. !. R. 'atliboi ( Co. ))*
Chartered ccountants
Gol+ %ie, Corporate #o,er-'
!ector - ./0 !ector Road
Gurgaon - 1// 22/
Chairman and Independent Director
Managing Director
Director Finance
Non Executive Director
Non Executive Director
Independent Director
Independent Director
Chairman
Member
Member
Member
Member
Chairman
Member
Member
C$NTENTS
Member
Member
*age No.
Notice 3 - 4
Chairman
$inancial 5ighlights 6 - 11
Member
Member 7irectors8 Report 1/ - /9
Report on Corporate Governance /4 - .2
uditors8 Report .1 - .4
'alance !heet .6
!tatement o+ *ro+it and )oss .:
Cash $lo, !tatement ;2 - ;1
Notes to $inancial !tatements ;/ - 6.
!tatement regarding !ubsidiary
Companies 6; - 69
!hare *rice Movement <1:6.-/213= 64
uditors8 Report on the Consolidated
$inancial !tatements
Notes to Consolidated $inancial
!tatements
1
Cost Auditors
M&s. Mani ( Co.
Cost ccountants
>shoka?0 1110 !outhern venue
Kolkata - 422 2/:
Compan# Secretaries in %hoetime &ractice
(1) M&s. !. M. Gupta (
Co. * - 1;0 'entinck
!treet Kolkata - 422
221
(2) M&s. *. !ara,agi (
ssociates Narayani 'uilding
Room No. 1240 $irst
$loor /40 'rabourne
Road Kolkata - 422 221
Ban'ers
!tate 'ank o+ @ndia
57$C 'ank )imited
Investor (eations Mana)er
Mr. J. 'anerjee
Share Department
/4'0 Camac !treet0 1st $loor0 Kolkata - 422 219
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(e)istrar & Share Transfer A)ent
R(7 @n+otech *rivate
)imited 40 'eltala Road0
1st $loor0 Kolkata - 422 2/9.
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Corporate $ffice
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.16&2/0 M. G. Road0 !ector - 14
Gurgaon - 1// 22/
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(e)istered $ffice
90 !. N. 'anerjee Road
Kolkata - 422 213.
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BATA INDIA LIMITED
(e)istered $ffice* +A, S, N, Baner-ee (oad, .o'ata / 011 123,
N$TICE C$N4ENING ANN5AL GENE(AL MEETING
NF#@C" is hereby given that the "ighty $irst nnual General Meeting o+ the Members o+ 'ata @ndia )imited <8the
Company8= ,ill be held at 6.ALAMANDI(6 78, Sha'espeare Sarani, .o'ata / 011120 on %ednesda#, Ma# 92,
9127 at 21*31 a,m,0 to transact the +ollo,ing businessA
$(DINA(: B5SINESS
1. #o receive0 consider and adopt the 'alance !heet o+ the Company as on 7ecember 310 /2130 the !tatement
o+ *ro+it and )oss +or the year ended on that date0 Notes on ccounts0 uditors8 Report and 7irectors8 Report
thereon.
2. #o declare a dividend.
3. #o appoint a 7irector in place o+ Mr. Jorge Carbajal0 ,ho retires by rotation and being eligible0 o++ers himsel+
+or re-appointment.
4. #o appoint a 7irector in place o+ Mr. kshay Chudasama0 ,ho retires by rotation and being eligible0 o++ers
himsel+ +or re-appointment.
5. #o appoint uditors and to +iD their remuneration and to pass0 ,ith or ,ithout modi+ication<s=0 the +ollo,ing
Resolution0 as an Frdinary ResolutionA
>R"!F)%"7 #5# Messrs. !. R. 'atliboi ( Co. ))*0 Chartered ccountants <Registration No.A 321223"=0 be
and are hereby re-appointed as uditors o+ the Company +rom the conclusion o+ this nnual General Meeting
until the conclusion o+ the neDt nnual General Meeting and that the udit Committee o+ the 'oard o+
7irectors be and is hereby authoriGed to determine the remuneration payable to the uditors.?
'y Frder o+ the 'oard
*lace A Gurgaon Mao# .umar Gupta
7ate A $ebruary 1/0 /21. Company Secretary
N$TES*
1. A MEMBE( ENTITLED T$ ATTEND AND 4$TE AT T;E MEETING IS ENTITLED T$ A&&$INT A &($<:
T$ ATTEND AND 4$TE $N A &$LL INSTEAD $= ;IMSEL=!;E(SEL= AND S5C; &($<: NEED N$T
BE A MEMBE( $= T;E C$M&AN:, &($<IES IN $(DE( T$ BE E==ECTI4E M5ST BE (ECEI4ED B:
T;E C$M&AN: N$T LESS T;AN 78 ;$5(S BE=$(E T;E C$MMENCEMENT $= T;E MEETING,
2. #he !hare #rans+er 'ooks and Register o+ Members o+ the Company ,ill remain closed +rom Eednesday0
May 40 /21. to Eednesday0 May /10 /21. <both days inclusive=.
3. Members are reHuested to produce the ttendance !lip duly signed as per the specimen signature recorded
,ith the Company&7epository *articipant +or admission to the meeting hall.
4. Members0 ,ho hold shares in de-materialiGed +orm0 are reHuested to bring their 7* @.7. and Client @.7. No<s=.
+or easier identi+ication o+ attendance at the meeting.
5. member desirous o+ receiving any in+ormation on the accounts or operations o+ the Company is reHuested
to +or,ard his&her Hueries to the Company at least seven ,orking days prior to the meeting0 so that the
reHuired in+ormation can be made available at the meeting.
3
6. Members holding shares in physical +orm are reHuested to noti+y immediately any change in their address
along ,ith address proo+0 i.e. "lectric&#elephone 'ill0 7riving )icense or a copy o+ *assport and 'ank
particulars to the Company or its Registrar ( !hare #rans+er gent and in case their shares are held in de-
materialiGed +orm0 this in+ormation should be passed on directly to their respective 7epository *articipants
and not to the Company&R# ,ithout any delay.
7. @n all correspondence ,ith the Company0 members are reHuested to Huote their account&+olio numbers and in
case their shares are held in the de-materialiGed +orm0 they must Huote their 7* @.7. and Client @.7. No<s=.
8. Members holding shares in physical +orm can avail the +acility o+ nomination in respect o+ shares held by them
pursuant to the amendment in the Companies ct0 1:;9 and Companies ct0 /213 <to the eDtent applicable=.
#he prescribed $orm <$orm /'= can be obtained +rom the !hare 7epartment o+ the Company. Members
desiring to avail this +acility may send their Nomination $orm duly +illed in0 to the Company&R# by Huoting
their respective $olio No<s=.
9. @nvestors&!hareholders are reHuested to kindly note that i+ physical documents viG.0 7emat ReHuest $orms
<7R$= and !hare Certi+icates etc. are not received +rom their 7epository *articipant<s= by the R# ,ithin a
period o+ 1; days +rom the date o+ generation o+ the 7RN +or dematerialiGation0 the 7RN ,ill be treated as
rejected&cancelled. #his step is being taken on the advice o+ 7epositories0 viG. National !ecurities 7epository
)imited <N!7)= and Central 7epository !ervices <@ndia= )imited <C7!)= so that no demat reHuest remains
pending beyond a period o+ /1 days. Upon rejection&cancellation o+ the 7RN0 a +resh 7R$ ,ith ne, 7RN has
to be +or,arded along ,ith the !hare Certi+icates by the 7epository *articipant<s= to the R#. #his note is
only to caution investors&shareholders that they should ensure that their 7epository *articipant<s= do not
delay in sending the 7R$ and share certi+icates to the R# a+ter generating the 7RN.
10. @n+ormation under !ection /2; read ,ith the Companies Unpaid 7ividend <#rans+er to General Revenue
ccount o+ the Central Government= Rules0 1:46 as amended is given belo,A
(1) *ursuant to !ection /2; o+ the Companies ct0 1:;90 all unclaimed&unpaid dividends up to the +inancial
year ended 7ecember 310 1::3 have been trans+erred to the General Revenue ccount o+ the Central
Government. Members0 ,ho have not yet encashed their dividend ,arrants +or the said period are
reHuested to claim the amount +rom the Registrar o+ Companies0 Eest 'engal0 /3.&.0 .J.C. 'ose Road0
Kolkata - 422 2/20 by submitting an application in the prescribed $orm.
(2) ConseHuent upon amendment o+ !ection /2; o+ the Companies ct0 1:;9 and Companies ct0 /213<to
the eDtent applicable= and introduction o+ !ection /2;C by the Companies <mendment= ct0 1::: the
amount o+ dividend +or the subseHuent years remaining un-paid or unclaimed +or a period o+ seven years
+rom the date they +irst become due +or payment0 shall be trans+erred to the @nvestor "ducation and
*rotection $und set up by the Government o+ @ndia. @t may be noted that once the unclaimed&unpaid
amount o+ dividend is trans+erred to the $und0 the same cannot be claimed by the Members there +rom.
No dividend has been declared +or the year ended +rom 7ecember 310 /22/ to 7ecember 310 /229.
Members ,ho have not yet encashed their dividend ,arrant<s= +or the +inancial year ended 7ecember 310
/224 on,ards0 are reHuested to claim the amount o+ dividend +rom the Company immediately. #he +olio-,ise
details o+ unpaid dividend +or the +inancial year ended 7ecember 310 /224 on,ards are available on the
Company8s ,ebsite ,,,.bata.in as ,ell as on the ,ebsite o+ Ministry o+ Corporate o+ ++airs ,,,.iep+.gov.in.
(3) 7uring the year ended 7ecember 310 /2130 the Company has deposited a sum o+ Rs.30290626 <Rupees
#hree )acs !iD #housand "ight hundred and "ight only= to the @nvestor "ducation and *rotection $und
o+ the Central Government0 on account o+ unclaimed deposits and unclaimed interest on deposits.
11. 7ividend on "Huity !hares as recommended by the 'oard o+ 7irectors o+ the Company +or the year ended
7ecember 310 /2130 ,hen declared at the meeting0 ,ill be paid toA
(1) those members ,hose names shall appear in the Register o+ Members o+ the Company0 a+ter giving e++ect to
all valid share trans+ers in physical +orm lodged ,ith the Company&R# on or be+ore May 90 /21..
.
(2) those >'ene+icial F,ners? in respect o+ shares held in electronic +orm0 ,hose names shall appear in the
statements o+ bene+icial o,nership +urnished by National !ecurities 7epository )imited <N!7)= and
Central 7epository !ervices <@ndia= )imited <C7!)=0 at the end o+ business hours on May 90 /21..
12. #he !ecurities and "Dchange 'oard o+ @ndia <!"'@= has made it mandatory +or all companies to use bank
details +urnished by the investors +or distributing dividends or other cash bene+its to them through National
"lectronic Clearing !ervices <N"C!=0 ,herever N"C! and bank details are available. @n the absence o+
N"C! +acility0 companies are reHuired to print the bank details0 i+ available0 on the payment instrument +or
distribution o+ dividends to the investors. #here+ore0 members holding shares in physical mode are reHuested
to provide their bank details to the Company&R#. Members holding shares in demat mode are reHuested to
record the N"C! mandate ,ith their 7epository *articipant<s= concerned.
13. !"'@ vide Circular No. MR7&7o*&Cir-2;&/224 dated pril /40 /224 made *ermanent ccount Number <*N=
mandatory +or all securities market transactions. #herea+ter0 vide Circular No. MR7&7o*&Cir-2;&/22: dated
May /20 /22: it ,as clari+ied that +or securities market transactions and o++ market& private transactions
involving trans+er o+ shares in physical +orm o+ listed companies0 it shall be mandatory +or the trans+eree<s= to
+urnish copy o+ *N Card to the Company & R#s +or registration o+ such trans+er o+ shares.
!"'@ has +urther clari+ied that it shall be mandatory to +urnish a copy o+ *N in the +ollo,ing casesA
1) deletion o+ name o+ the deceased shareholder<s=0 ,here the shares are held in the name o+ t,o or more
shareholder<s=.
2) transmission o+ shares to the legal heir<s=0 ,here deceased shareholder ,as the sole holder o+ shares.
3) transposition o+ shares ,hen there is a change in the order o+ names in ,hich physical shares are held
jointly in the names o+ t,o or more shareholders.
14. #he Ministry o+ Corporate ++airs <IMCJ=0 Government o+ @ndia has introduced a 8Green initiative in the
Corporate Governance8 by allo,ing paperless compliances by the companies +or service o+ documents to
their members through electronic mode0 ,hich ,ill be in compliance ,ith !ection ;3 o+ the Companies ct0
1:;9 and Companies ct0 /213 <to the eDtent applicable=.
@n case you have not registered your correct e-mail @70 please communicate the same to our Registrars and !hare
#rans+er gent - M&s. R ( 7 @n+otech *vt. )td. at 40 'eltala Road0 1st $loor0 Kolkata - 4222/9 <e-mail @7A
rd.in+otechCvsnl.net or bataCrdin+otech.in= in respect o+ the shares held by you in physical mode or communicate
to your 7epository *articipant<s= concerned in respect o+ shares held by you in demat & electronic mode. lthough
you are entitled to receive physical copy o+ the Notices0 *ostal 'allots0 nnual Reports0 etc. +rom the Company0 ,e
sincerely seek your support to enable us to +or,ard these documents to you only by e-mail0 ,hich ,ill help us
participate in the Green @nitiatives o+ the MC and protect our environment. @n vie, o+ the above0 the Company has
already dispatched three ,ritten communications to its members on July 1;0 /2110 November 160 /211 and March
1.0 /213 reHuesting them to register their designated e-mail @7 ,ith the Company& R#. 5o,ever0 Members ,ho
,ishes to receive physical copy o+ the Notices0 *ostal 'allots0 nnual Reports and other documents may +or,ard
their ,ritten reHuests to the Company&R# +or the same.
'y Frder o+ the 'oard
*lace A Gurgaon Mao# .umar Gupta
7ate A $ebruary 1/0 /21. Company Secretary
;
Information reatin) to the re/appointment of Directors at the 82st Annua Genera Meetin)
K*ursuant to Clause .: o+ the )isting greement ,ith the !tock "DchangesL
Item No, 3 * (e/appointment of Mr, >or)e Car?a-a as a Director of the Compan#
Mr. Jorge Carbajal <8Mr. Carbajal8=0 aged 92 years0 presently a Non-"Decutive 7irector o+ 'ata @ndia )imited0 is the
*resident o+ 'ata "merging Markets <'"M= business o+ 'ata !hoe FrganiGation <'!F=0 responsible +or the overall
business operations in sia0 +rica and )atin merica regions. 5e started his career as an uditor ,ith "rnest (
Moung in the year 1:49. Mr. Carbajal has been associated ,ith '!F since 1:66. 5e has held various !enior
*ositions in di++erent '!F companies in )atin merica starting +rom the Chie+ $inance F++icer and Group $inance
F++icer <MeDico0 'olivia ( "cuador= and Managing 7irector in sia-*aci+ic regions <!ri )anka ( Malaysia=.
!ubseHuently0 in /22; he ,as made Group Managing 7irector o+ '"M <Eest=0 responsible +or +rica and Central
sian Regions. @n Fctober /2260 Mr. Carbajal success+ully completed the dvanced Management *rogramme by
the Eharton !chool0 University o+ *ennsylvania0 U!. @n /22:0 he became the '"M *resident o+ sia ( +rica. @n
/2120 he ,as made the *resident o+ all '"Ms - sia0+rica and )atin merica0 ,hich position he is holding till date.
7etails o+ 7irectorship and Committee Membership o+ Mr. Jorge Carbajal in companies other than 'ata @ndia
)imited are as underA
!l. No. Name o+ the Company 7esignation Name o+ the Committee 7esignation
1. *#. !epatu 'ata #'K 7irector N.. N..
/. 'ata <Malaysia= !7N.'57 7irector N.. N..
3. ) *rimavera !7N.'57 7irector N.. N..
Mr. Carbajal is a Member o+ the udit Committee and Nomination0 Governance ( Compensation Committee o+
'ata @ndia )imited.
Mr. Carbajal does not hold any share in the Company.
Item No, 7 * (e/appointment of Mr, A'sha# Chudasama as a Director of the Compan#
Mr. kshay Chudasama <8Mr. Chudasama8=0 aged .; years0 presently an @ndependent 7irector in 'ata @ndia
)imited0 did his '. . <"conomics= +rom !t. Navier8s College <University o+ 'ombay=0 Mumbai and 'achelor o+ la,
<))'= +rom the )ondon !chool o+ "conomics <University o+ )ondon=0 UK. 5e is enrolled as an dvocate ,ith the
'ar Council o+ Maharashtra ( Goa and as a !olicitor ,ith the )a, !ociety o+ "ngland ( Eales. 5e has also
attended the 5arvard )eadership *rogramme +or *ro+essional !ervices FrganiGations. 5e started his career as an
dvocate ( Junior Counsel in the Chambers o+ Mr. Goolam " %ahanvati. Mr. Chudasama is a !enior *artner and
Member o+ the "Decutive Committee o+ J. !agar ssociates0 dvocates ( !olicitors. 'e+ore joining J. !agar
ssociates0 Mr. Chudasama ,as an "Huity partner ,ith O' ( *artners and Managing *artner o+ )eD @nde.
9
7etails o+ 7irectorship and Committee Membership o+ Mr. kshay Chudasama in companies other than 'ata @ndia
)imited are as underA
!l. No. Name o+ the Company 7esignation Name o+ the Committee 7esignation
1. pollo #yres )imited 7irector N.. N..
/.
Eyosha Real "states *rivate
)imited 7irector N.. N..
Mr. kshay Chudasama is a Member o+ the udit Committee and Nomination0 Governance ( Compensation
Committee o+ 'ata @ndia )imited.
Mr. kshay Chudasama does not hold any share in the Company.
4
FINANCIAL HIGHLIGHTS 2004-2013
<Rs. in millions= /22. /22; /229
&($=IT & A&&($&(IATI$NS
!ales ( Fther @ncome 40/6:.:3 40;/;.3: 60/1:.4:
*ro+it be+ore 7epreciation0 #aD ( *rior *eriod @tems <;12.;/= /;;.:3 9/6.22
7epreciation 1/..19 1/2.2/ 139.14
*ro+it be+ore #aD ( *rior *eriod @tems <93..94= 13;.:1 .:1.6/
#aDation <4.1:= 11.22 :2.31
*ro+it a+ter #aD ( *rior *eriod @tems <9/4..6= 1/..:1 .21.;1
*rior *eriod @tems P P P
Net *ro+it <9/4..6= 1/..:1 .21.;1
7ividend ( 7ividend 7istribution #aD P P P
Retained "arnings P P .21.;1
ASSETS EM&L$:ED
$iDed ssets P Gross
30;:..:
2
3093:.
12
30249.6
4
P Net
103:9.;
;
1031:.
/. 62/..4
@nvestments .6.;/ .:.44 14/..3
Net Current ssets
1034:.2
2
/0291.
::
104;2.3
:
Fther Current ssets P P P
<includes 7# ( )ong #erm )oans ( dvances=
9,897,1
+
3,732,
11
9,09@,3
1
=INANCED B:
"Huity !hares ;1..// 9./.9. 9./.9.
Reserves 10299.3 10:4/. 10.44.3
9 24 ;
!hareholdersJ $unds
10;62.;
:
/091..
41
/011:.:
6
)oan $unds
10/.3..
6 619./: 92;.3/
Non-current )iabilities P P P
9,897,1
+
3,732,
11
9,09@,3
1
6
/224 /226 /22: /212 /211 /21/ /213
:0236.2; 120/3;.3/ 110/12.11 1/0:/3../ 190:;:.:1 1:0214.29 /10/:4.;.
411.91 :26..1 10/61.64 104;;.26 3092;.2. 30233.3: 30.16./1
192.11 1:2.21 /4:./3 3/;.12 .11.21 ;13.4; ;:1.:4
;;1.;2 416..2 1022/.93 10./:.:4 301:..23 /0;1:.9. /06/9./.
.2.9/ 111.23 332.39 .49..; :3;.9. 623.91 :16.61
;12.66 924.34 94/./4 :;3.;/ /0/;6.3: 10419.23 10:24..3
39... P P P P P P
.4.... 924.34 94/./4 :;3.;/ /0/;6.3: 10419.23 10:24..3
1;2.34 164.:9 //;.;9 /::.22 ..4.1. ..6.13 .:1.96
3/..24 .1:..2 ..9.4/ 9;..;/ 10611./; 10/94.:2 10.1;.4;
30/;1.
:1
30;29..
6
304;..6
4
.0146.
44
;026...
2
;04:3.
:4
90/;/.
3.
102./.
33
10146.6
2
1032:.1
4
10;3..
3:
/0/42.9
9
/0;:..
99
/09::.
./
14/..6 14/..6 14/..6 14/..6 .6.;1 .6.;1 .6.;1
1062;.
2;
10:32.2
9
/02:9..
2
/0.13.
/3
30./3.6
:
30.6/.
/9
.0;:2.
.6
P P P P P
10.36.
:4
1069..
3;
3,12A,
80
3,982,3
7
3,@08,1
+
7,291,2
2
@,073,1
@
0,@+7,
71
A,919,
0+
9./.9. 9./.9. 9./.9. 9./.9. 9./.9. 9./.9. 9./.9.
106;:.
//
/01:/..
2
/096..:
3
3033:.
43
;0122..
/
90392.
99
40494.
34
/0;21.
69
/063;.2
.
303/4.;
4
30:6/.
34
;04.3.2
;
40223.
32
60.12.
21
;16.21 ..9.32 /;2..: 134.4. P P P
P P P P P ;91.12 4:/.4;
3,12A, 3,982,3 3,@08,1 7,291,2 @,073,1 0,@+7, A,919,
80 7 + 2 @ 71 0+
:
SIGNIFICANT RATIOS 2004-2013
/22. /22; /229
MEAS5(ES $= IN4ESTMENTS
Return on "Huity
*ro+it a+ter taD
<Q= </;..1= ..21 16.:.
!hareholdersJ
$unds
"arnings per !hare
Net *ro+it
<Rs.= <1/./2= /.24 9./;
No. o+ !hares
7ividend Cover <times= P P P
7ividend <Q= P P P
'ook %alue o+ an "Huity !hare
!hareholdersJ
$unds
<Rs.= .6.2/ .6.;1 3/.::
No. o+ !hares
MEAS5(ES $= &E(=$(MANCE
*ro+it be+ore
#aD
*ro+itability
a
= <Q= <6.49= 1.6; 9.1:
!ales
*ro+it a+ter #aD
b
= <Q= <6.99= 1.42 ;.2;
!ales
Capital #urnover
!ales
<times= 1.:; 1.64 /.:/
#otal $unds
!tock #urnover
!ales
<times= /.49 /.93 /.66
!tocks
Eorking Capital #urnover
!ales
<times= 3./2 /.64 ..;.
Net Current
ssets
MEAS5(ES $= =INANCIAL
STAT5S
7ebt "Huity Ratio
)oan $unds
<times= 2.;2A1 2./9A1 2./:A1
!hareholdersJ
$unds
Current Ratio
Current ssets
<times= 1.:1A1 1.:.A1 1.:3A1
Current )iabilities
$iDed ssets to !hareholdersJ $unds
Net $iDed ssets
<times= 2.;9A1 2../A1 2.36A1
!hareholdersJ
$unds
1* Eithout considering *rior *eriod @tems
1* Eithout considering Gains +rom !urplus *roperty 7evelopment
1** ll ratios are calculated as per revised !chedule %@ to the Companies ct0 1:;9
12
/224 /226 /22: /212 /211 /21/RRR /213RRR
/2../R /1../ /2./2 /3.:. /..4.RR /..;2 //.96
4.36 :..; 12..9 1..6. //.11RR /9.42 /:.96
3.9: 3.46 3..: 3.41 3.96RR ...; ..;4
/2.22 /;.22 32.22 .2.22 92.22 92.22 9;.22
36.:3 ...1/ ;1.46 91.:4 6:.34 126.:6 132.64
9.1:R 4.12 :.21 11./2 13../RR 13..9 13..4
;.4.R 9.22 9.2. 4..4 :.26RR :.14 :.2:
/.:; 3.2: 3.11 3.12 /.43 /.94 /.;2
/.:3 3..9 ..21 ../4 ..22 ..2; 3.92
..:3 ;./; ;.31 ;./: ..;4 ;.36 ..;4
2./1A1 2.19A1 2.26A1 2.23A1 P P P
1.44A1 1.41A1 1.4/A1 1.;3A1 /.22A1 1.:3A1 1.::A1
2../A1 2../A1 2.3:A1 2.3:A1 2..2A1 2.34A1 2.3/A1
11
DI(ECT$(S6 (E&$(T T$ T;E MEMBE(S
#he 7irectors have pleasure to present the 61st nnual Report o+ your Company covering the operating and
+inancial per+ormance +or the year ended 7ecember 310 /213.
=INANCIAL (E4IE%
9123 /21/
Bin (s,
miionsC
<in Rs.
millions=
Gross #urnover 91,A87,1+ 160414.;.
)essA "Dcise 7uty on #urnover 339,39 /:3.21
Net #urnover 91,+@2,07 160./..;3
Fther @ncome 323,78 /::.;/
#ot
al 91,A+@,99 1604/..2;
*ro+it&<)oss= be+ore 7epreciation and #aDation 3,728,92 30233.3:
)essA 7epreciation @A2,A0 ;13.4;
*ro+it & <)oss= be+ore #aDation 9,89+,97 /0;1:.9.
*rovision +or #aDationA
S Current #aD 2,2@+,12 :26..3
S 7e+erred #aD Charge& <Credit= <Net= B930,91C <121...=
S @ncome #aD +or earlier year D <3.36=
Net *ro+it 2,A10,73 10419.23
*ro+it available +or ppropriation +,@0+,7+ ;0/66.49
$&E(ATI$NS
$or the +irst time in its history0 your Company8s #urnover crossed the coveted mark o+ Rs. /20222 Million. 7uring the year
/2130 your Company achieved a total turnover o+ Rs./20:6..1 Million as compared to the #urnover o+ Rs.160414.; Million
in the year /21/ - re+lecting a gro,th o+ approD. 1/.1Q. Mour Company recorded a Net *ro+it o+ Rs.10:24.. Million +or the
year /2130 ,hich ,as 11./Q higher than the Net *ro+it o+ Rs.10419.2 Million +or the year /21/.
Mour Company has ,itnessed constant gro,th over the past +e, years0 ,hich endorses its strong understanding o+ the
consumer needs and li+estyle. Mour Company has been relentlessly ,orking on improving its product o++erings through
constant research and development. #he +oot,ear collection has vastly improved over the years and many
contemporary and +ashionable designs o+ +oot,ear have been launched. #he ne, designs have helped your Company to
constantly increase its customer base ,hile meeting the changing li+estyle needs o+ the loyal customers.
7uring the year under revie,0 the manu+acturing +acilities o+ your Company have also been upgraded ,ith introduction o+
improved Huality0 better technology and materials +or producing +oot,ear ,ith a more trendy look and com+ort to meet the
ever-changing market reHuirements. @n order to meet its demand +or +oot,ear0 your Company has also tied up ,ith
various manu+acturers to produce shoes as per its o,n designs and Huality standards. ModerniGation o+ +actories is an
on-going process in your Company and the same shall continue in the +uture.
@n its strategic pursuit0 your Company continues to open approD. 122 ne, retail stores every year across @ndia and shut
do,n or relocate unviable stores. Most o+ the ne, stores are o+ large +ormat having space o+ more than 30222 sH. +t. and
1/
delicately designed to display each category o+ +oot,ear and accessories. #hese large +ormat stores provide an
eDcellent ambience and delight+ul shopping eDperience to the customers. 7uring the year under revie,0 your
Company opened :; ne, stores0 including the largest +oot,ear store in @ndia at %iviana Mall0 Mumbai0 covering an
area o+ approD. /60222 sH. +t. Mour Company is accelerating its gro,th +ocusing on tier @@ and tier @@@ cities ,here
the potential +or gro,th is signi+icant.
#he improved per+ormance o+ your Company over the past +e, years is a testimony to the +act that the Company
is moving in the right direction and has adopted the right model o+ gro,ing its business. #he @ndian market o++ers
great opportunities and challenges as ,ell. s the @ndian consumers become more and more demanding in their
choices0 pre+erences and tastes0 your Company ,ill also gear up to seiGe these opportunities and +ace the
challenges ,ith appropriate strategies. Key *riorities o+ your Company +or the year /21. shall be to eDpand its
presence in eDisting markets as ,ell as in tier @@ and tier @@@ cities in @ndia. $oot,ear o++erings shall continue to
+ocus on the latest +ashion and trend at a++ordable prices to attract and serve the younger generation o+
customers.
T(ANS=E( T$ (ESE(4ES
Mour Company has trans+erred a sum o+ 1:2.4 Million to General Reserve against Rs.141.9 Million trans+erred last
year.
DI4IDEND
#he 'oard o+ 7irectors have recommended a +inal dividend o+ Rs 9.;2 per share <i.e.0 9;Q on an eHuity share o+ Rs.12&-
each= +or the year ended 7ecember 310 /2130 as against Rs.9.22 <i.e.092Q on an eHuity share o+ Rs.12&- each= paid last
year. #he payment o+ a+oresaid dividend is subject to approval o+ the shareholders at the ensuing nnual General
Meeting o+ the Company and i+ declared0 shall be paid to the shareholders +rom June 2.0 /21. on,ards.
=I<ED DE&$SIT
7uring the year under revie,0 your Company has trans+erred to the @nvestor "ducation ( *rotection $und <@"*$=
o+ the Central Government the entire amount o+ Rs. 3290626&- as matured +iDed deposits and interest accrued
thereon0 ,hich remained unclaimed&unpaid +or a period o+ more than seven years0 despite several reminders and
communications +rom the Company. ccordingly0 your Company has no unclaimed&unpaid matured deposits or
interest thereon as on 7ecember 310 /213. *resently the Company is not accepting any +iDed deposits.
C(EDIT (ATINGS
7uring the year under revie,0 @CR )imited has rea++irmed the rating o+ K@CRL 1T <pronounced as 8@CR one
plus8= to your Company +or its Commercial *aper <C*= programme. #his is the highest-credit Huality rating
assigned by @CR )imited to short term debt instruments. @CR )imited has also rea++irmed the rating o+ K@CRL
<pronounced as 8@CR double 8= to your Company +or its )ine o+ Credit <)FC= limits o+ +und based&non-+und based
+acilities sanctioned by the 'anks. #he outlook on the assigned rating is 8*ositive.8
A%A(DS AND (EC$GNITI$N
Mour 7irectors are pleased to in+orm that your Company continues to maintain its leadership position in the
organiGed +oot,ear industry in @ndia. Mour Company has been the recipient o+ several a,ards and recognitions.
7uring the year under revie,0 your Company received the +ollo,ing ,ards and RecognitionsA
(1) 'rand "Huity - #he Most #rusted 'rand o+ /213A
8'#8 has bagged the No. 1 position in the $FF#E"R category - #his is the second consecutive year that your
Company bagged the No.1 spot. #he brand '# ,as catapulted in ranking +rom /4th position in /21/ to 19th
position in /213 - an improvement o+ 11 positions in overall ranking amongst the top 122 brands in @ndia.
13
(2) @mages !hoes ( ccessories,ard- /213A
'ata @ndia has been a,arded @mages Most dmired National $oot,ear Retail Chain o+ the Mear.
(3) @ndia8s Most ttractive 'rand /213A
'ata @ndia has been ranked at the 11th position by 7N Ne,spaper on the basis o+ a survey conducted by
research +irm #R amongst the top 'rands in @ndia.
C$(&$(ATE S$CIAL (ES&$NSIBILIT:
Corporate !ocial Responsibility <C!R= is a continuous commitment o+ your Company +or overall economic
development and ,ell being o+ the Country. C!R plays an important role in sustainable gro,th o+ your Company
and ensures that your Company discharges its duties to,ards development o+ the society. s a good corporate
citiGen in @ndia0 your Company participates in initiatives that preserves and protects the environment and natural
resources. Mour Company is one o+ the leading Members o+ the 'ata Children8s *rogram <'C*= o+ 'ata !hoe
FrganiGation0 ,hich contributes immensely to the development and ,ell being o+ under-privileged and di++erently-
abled children0 specially the girls0 across the Eorld.
Mour Company has been engaged in various C!R activities throughout the year. 7uring the year /2130 C!R
activities undertaken by your Company included the +ollo,ingA
1. rranged +or relie+ material ( assistance +or the +lood-hit victims at Uttarakhand. pproD. 1; tons o+ relie+
material including +ood0 utensils0 ,arm clothes and blankets ,ere distributed amongst the survivors o+
disaster victims at villages in 5arid,ar and 7ehradun.
2. FrganiGed 'lood 7onation Camps at the corporate o++ice at Gurgaon and at manu+acturing units. General
5ealth Check-up ,as conducted +or underprivileged children at various schools at Gurgaon and 'atanagar.
3. FrganiGed !el+-7e+ense #raining +or underprivileged school girls in Gurgaon. #hese underprivileged girls
learnt easy sel+-de+ense tricks through the volunteers to handle di++iculties ,ith simulations on managing
unto,ard situations. #he training ,orkshop boosted the con+idence o+ these girls and shall help them +ight
against various odds and challenges that they +ace in their daily lives.
4. Conducted 5epatitis-' %accination Campaigns at Jharsa %illage0 Gurgaon. More than /62 kids ,ere
vaccinated against 5epatitis-' ,hich is a serious disease caused by a highly in+ectious virus that attacks the
liver ,hich can lead to severe illness0 liver damage0 etc.
5. FrganiGed a #ree *lantation 7rive at ravalli 'io 7iversity *ark0 Gurgaon. pproD. 422 trees ,ere planted by
the volunteers along ,ith enthusiastic school children ,ho ,ere introduced to the ,onders o+ nature and
respect +or sustainable resource management. Mour company had also organiGed 8'ata Ealks Green8
Campaign in manu+acturing units. Fur volunteers planted saplings across our +actories to spread a,areness
about environment protection0 sustenance0 and eco-conscious gro,th.
6. Govt. Girls *rimary !chool0 Gurgaon and *rimary ( KG !chool at 'atanagar ,ere renovated. multi-purpose
uditorium and a ne, Computer lab had been introduced to the students o+ 'atanagar *rimary ( KG !chool. #he
renovation at Govt. Girls *rimary !chool included hygienic classroom0 sa+e ( com+ortable +urniture0 neat and clean
classrooms ,ith cartoon characters painted and educational messages ,ritten on ,alls by the volunteers.
7. Under the 'C* @ndia initiatives0 success+ully launched a sustainable employee volunteering initiative - >"ach
Fne #each Fne Campaign? to create a,areness on the rights o+ a girl child0 moral values0 co-curriculum and
sport activities. 32 employees o+ the Company are volunteering 1 hour ,eekly to teach underprivileged girls in
a *rimary !chool in Gurgaon.
8. Rain Eater 5arvesting projects o+ your Company continued near 'ata 5ouse0 Gurgaon and at its 5osur Unit0
,here rain ,ater collected +rom the plot is being used +or recharging o+ bore,ell and rain ,ater collected +rom
the roo+ is being used +or ,ashrooms and in la,ns and gardens.
1.
Mour 'oard is a,are that the Government o+ @ndia has included !ection 13; under the ne, Companies ct0 /2130
encouraging certain class o+ companies in @ndia to spend /Q o+ average net pro+its o+ three years to,ards C!R.
#he provisions o+ the ne, ct are yet to be noti+ied. Mour Company ,ill take appropriate steps to meet the
reHuirements under the Companiesct0 /213 in due course.
(ETAIL
#he process o+ opening large +ormat stores and renovating the eDisting stores to +oster contemporary appeal
continued during the year /213. Mour Company has opened :; large +ormat stores <approD. 3222 sH. +t. or more=
and renovated& relocated & closed unviable retail stores across @ndia. #he strategy adopted by your Company has
resulted in higher sales and pro+itability year-on-year as demonstrated in +inancial results o+ the Company.
Mour Company continues to introduce contemporary and +ashionable designs in its product range. !pecial
attention has been provided to improve the Huality and style o+ +oot,ear in each category. @n every season
throughout the year /2130 your Company improved its +oot,ear collections in stores to suit the needs and desires
o+ the customers. n eDclusive range o+ ladies +oot,ear and a variety o+ products +or the kids and children ,ere
launched0 ,hich have been ,ell accepted by the customers. Mour Company continued to be the market leader in
Men8s +ormal +oot,ear0 ,ith mbassador0 Com+it0 Moccasino - all brands recording a high gro,th. @n ladies
segment0 Marie Claire and !undrop brands o+ +oot,ear have recorded a good gro,th. Mour Company8s +oot,ear
range +or the children - 'ubblegummer and ngry 'irds continued to be the most +avourite brands in @ndia.
"vergreen brands o+ your Company0 viG.0 *o,er0 North !tar0 !choll and Eeinbrenner - all have registered gro,th
in volume in the year /213 as compared to the previous year /21/.
;5S; &5&&IES
Mour Company8s premium 'rand - 5ush *uppies has been eDpanding in line ,ith the overall retail eDpansion
program and continues to open eDclusive stores and shop-in-shop stores in premium departmental stores. t the
end o+ year /2130 5ush *uppies had 3. eDclusive stores and 34 shop-in-shops. 5ush *uppies lives the brand
vision o+ >#reating the Eorld to their +avorite shoes? ,ith eDclusive retail stores0 uniHue products and eDciting
brand image. 5ush *uppies range o+ +oot,ear shall continue to +ocus on com+ort ,ith contemporary styling0 to
attract younger consumers to the brand. Mour Company shall invest in various marketing plans to re-position the
brand in the minds o+ consumer as international premium li+estyle casual +oot,ear brand in @ndia.
=$$TIN
Mour Company8s ne, retail concept - $FF#@N o++ers a ne, range o+ +oot,ear +ocusing on a++ordable +ashion and trendy
styles. @n $FF#@N stores0 customers can get +ashionable0 young looking and a++ordable +oot,ear presented through a
high-density display concept. @t is one o+ the ne, business models ,ith a di++erent approach to improve volume gro,th o+
your Company. 7uring the year under revie,0 your Company has opened 6 ne, $FF#@N stores across @ndia0 ,ith a ne,
range o+ +oot,ear +or both men and ,omen +ocusing on +ashionable and trendy styles at an a++ordable price. #hese
stores are uniHue in terms o+ display and ambience and di++erent +rom other +oot,ear retail stores in @ndia.
E/C$MME(CE
#he year /2130 certainly ,ould be counted among the most active years +or "-commerce division o+ your Company. Mour
Company generated a volume gro,th o+ almost 122Q in on-line business during the year /213 as compared to the
previous year /21/. Mour Company8s "-Commerce business reached approD. 4;2 cities across @ndia ,ith its shipments.
@n order to attract more e-customers0 ne, partnerships have been entered into by tying up ,ith leading on-line players
e.g.0 $lipkart0 Jabong0 "-bay0 5ome!hop160 Myntra0 Redi++0 @ndiatimes0 etc. s a part o+ the strategy0 Cash on 7elivery
service ,as launched +or the end customer to +acilitate the shopping ease. Mour Company8s ,ebsite ,,,.bata.in has
eDperienced a tremendous gro,th in tra++ic o+ approD. /.; Million visitors. Customer !ervice remained a +ocused area +or
the "-Commerce business o+ your Company ,ith a dedicated team continuing to serve its on-line patrons.
1;
Mour Company ,ill +urther strengthen its "-Commerce business and establish lasting relations ,ith the eDisting and ne,
partners. #he +ocus ,ould remain on customer service and s,i+t operations to ensure that the customers get their
+oot,ear in good condition and ,ell in time. #he eDisting ,ebsite ,,,.bata.in shall also be upgraded ,ith ne, and
eDciting +eatures +or the customers. 5igh importance is being given to the social media net,ork to ensure that the
customers on the social plat+orm are satis+ied ,ith the product and services being rendered by your Company.
N$N (ETAIL
Mour Company8s @ndustrial division is no, recogniGed as the leading supplier in the sa+ety +oot,ear market. Not
only has the division eDpanded its coverage in the market but also is +ocused to,ards upgrading the market ,ith
ne,er technology products. #he product range has been re+reshed by launching ne, moulds as ,ell as ne, *U-
Rubber sole collection. #he customer service +unction has been strengthened to provide immediate response to
the Hueries raised by the industrial buyers.
Mour Company8s @nstitutional business has recorded better results in the year /213 as compared to the previous
year. #he strategy to +ocus on segments like de+ence0 canteens0 education0 corporate0 etc. has been +ruit+ul and
resulted in achieving good market penetration. ne, range +or the healthcare segment has been launched ,ith
specialiGed +oot,ear to be used in hospitals +or 7octors0 Nurses0 +ront o++ice sta++0 maintenance team0 etc.
C5ST$ME( CA(E INITIATI4ES
7uring the year under revie,0 your Company has +urther strengthened its customer care division. "++ective and
satis+actory customer service continued to delight the customers at various points0 i.e.0 starting at retail stores0
during the sale interaction0 post sales services at Customer 5elp 7esk and obtaining +eedback +rom the
customers. ne, initiative - >*assion to !erve? program has been adopted +or the sales personnel ,hich entitles
them to periodic promotions. n eDclusive Customer 5elp 7esk has been in place to assist the customer and to
locate stores0 in+orm product availability0 process online orders and to ackno,ledge all their valuable +eedback. Fn
the 7igital !pace0 through $acebook0 your Company has entered into over 1220222 customers8 personal space
and acHuired more than 1;20222 >)ike? on 'ata $acebook page.
E<&$(T
Mour Company8s "Dport sales in /213 ,ere Rs.1.4.1 Million compared to Rs.1.:.6 Million in /21/. %arious plans
are being eDplored to improve "Dport volume o+ the Company in the +uture.
L$GISTICS
Mour Company has a ,ell-organiGed !upply Chain team at its Corporate F++ice in Gurgaon ,hich controls the
demand planning0 replenishment0 transportation and ,arehousing operations. @ntroduction o+ a ne, !upply Chain
*lanning processes has been the key highlight +or the year /213. Critical initiatives on implementation o+ ne,
!upply Chain *lanning processes ,ill ensure right products at right stores at the right time in right Huantities and
right siGes0 ,hich ,ill improve e++iciency and reduce cost o+ holding inventory. #his process is being implemented
in a phased manner and shall cover all the Retail 7istribution Centers <R7Cs= o+ your Company. #his initiative ,ill
reduce the out o+ stock events at retail stores thereby improving the customer service levels.
!upply Chain team has also undertaken an initiative to consolidate all the ,arehouses in 7elhi NCR region.
detailed moderniGation and consolidation plan o+ ,arehouses in other regions also has been planned in the
current +inancial year.
CA&ITAL E<&ENDIT5(E
#he Capital "Dpenditure incurred during the year amounted to Rs. 44..9 million in /2130 ,hich ,as predominantly
due to opening o+ a number o+ ne, stores and moderniGation o+ eDisting stores. Capital "Dpenditure has also been
incurred +or installation o+ machinery and moulds to moderniGe our +actories.
IND5ST(IAL (ELATI$NS AND &E(S$NNEL
Mour Company has continuously been ,orking to improve human resources competencies and capabilities in the
company0 ,hich is critical to achieve results as per the plan. Major initiatives and interventions to this e++ect as
taken up during the year /2130 are as underA
19
Buidin) up the ?est team in a functiona areas
7uring /213 your Company has hired 141 middle and senior level "Decutives +or its various +unctional areas to
replace the people moving out0 retiring0 etc. ,ith pro+essionals having better Huali+ications and eDperience.
Creatin) ?ench stren)th and ?uidin) up capa?iit# for future )roEth
E"ecutive Deveopment pan
$or the +ourth consecutive year0 your Company pursued its aim o+ nurturing and developing ne, talent +or various
responsibilities. "ight "Decutive trainees have been hired +rom various retail management schools and trained +or
: months under the "Decutive 7evelopment *lan <"7*=. $ive "Decutive #rainees0 ,ho success+ully completed
their training under "7*0 have been placed as 7istrict Managers across retail operations chains.
Trainin) and Deveopment
1) District Mana)er Trainin)
7eveloping and #raining o+ internal talents continued to be the +ocus area o+ your Company. :9 nominated
7istrict Managers across all retail chains attended / days 7istrict Managers8 #raining program.
2) Trainin) of Store Empo#ees and Store Mana)ers!./Scheme A)ents
@mparting #raining to store employees to improve their kno,ledge and skill levels ,ith an objective to provide
better customer service in retail stores remained a key +ocus are in the year /213. #raining ,as conducted +or
10/;1 store employees and 314 K-!cheme gents&!tore Managers to enhance their per+ormance and
e++ectiveness.
=INANCE
#he "arning per !hare <"*!= <'asic and 7iluted= o+ your Company at Rs./:.96 re+lects an increase by approD.
11Q as compared to "*! o+ Rs./9.42 in the previous year. s in+ormed earlier0 since pril-/2120 your Company
does not have any 'ank 'orro,ings and the entire capital eDpenditure has been +unded through internal sources.
(ESEA(C; & DE4EL$&MENT ACTI4ITIES AND ENE(G: C$NSE(4ATI$N
Mour Company continued its local Research ( 7evelopment activities during the year under revie,. #hese R(7
activities included technological improvement in all key areas0 e.g.0 product development0 process development0
material development0 +oot,ear moulds0 etc. ,ith emphasis on creating a pollution-+ree ,ork environment. #otal
eDpenditure incurred on Research ( 7evelopment ,as approD. Rs. 4 Million during the year. Mour Company
continues to actively pursue energy conservation measures. 7uring the year under revie,0 savings o+ energy cost
,orth approD. Rs.;.; Million ,as achieved through replacement o+ conventional tubes ,ith energy e++icient lights0
installation o+ energy e++icient scre, compressors and adopting other measures in its manu+acturing units.
S5&&$(T =($M BATA S;$E $(GANIFATI$N
Mour Company continues to receive assistance and bene+its o+ technical research and innovative programmes o+ 'ata
!hoe FrganiGation <'!F= through Global $oot,ear !ervices *te. )td.0 !ingapore <G$!=. Mour Company has rene,ed
the #echnical Collaboration greement ,ith G$! ,ith e++ect +rom January 210 /211 +or a period o+ ten years. @n terms o+
the said #echnical Collaboration greement0 your Company receives guidance0 training o+ personnel and services +rom
G$! in connection ,ith research ( development0 marketing0 brand development0 +oot,ear technology0 testing ( Huality
control0 store location0 layout ( design0 environment0 health ( sa+ety0 risk ( insurance management0 etc. Mour Company
continues to obtain eDpertise and eDperience +rom the visiting senior personnel o+ G$! and other '!F group companies
to improve its product range and operational processes throughout the year.
14
@n terms o+ the rene,ed greement as a+oresaid0 your Company has paid a +ee o+ Rs.16; Million to G$! during
the calendar year /213.
STAT5T$(: A5DIT$(S
#he !tatutory uditors o+ the Company - Messrs. !. R. 'atliboi ( Co. ))*0 Chartered ccountants0 retire at the
ensuing nnual General Meeting o+ the Company and have given their consent +or re-appointment. Mour Company
has also received their con+irmation pursuant to !ection //.<1'= o+ the Companiesct0 1:;9.
C$ST A5DIT$(S
@n compliance ,ith the Central Government8s Frder dated November 290 /21/0 your 'oard at the 'oard Meeting
held on $ebruary /90 /213 has re-appointed M&s. Mani ( Co.0 Cost ccountants to carry out the Cost udit o+ the
Company in respect o+ $oot,ear. 5o,ever0 the Cost udit 'ranch o+ the Ministry o+ Corporate ++airs0 Government
o+ @ndia is yet to make the said Frder e++ective. Mour Company ,ill +ile e-$orm /3C as and ,hen the said e-$orm
/3C is modi+ied by the Central Government in line ,ith the a+oresaid Frder.
#he Cost udit Report o+ the Company +or the +inancial year ended 7ecember 310 /21/ ,as +iled by M&s. Mani (
Co.0 ,ith the Cost udit 'ranch0 Ministry o+ Corporate ++airs0 Government o+ @ndia0 on June 110 /213.
DI(ECT$(S
#here has been no change in composition o+ your 'oard o+ 7irectors during the year under revie,. #he Ministry o+
Corporate ++airs0 Government o+ @ndia has included various provisions under the Companies ct0 /213 relating to
composition o+ the 'oard o+ 7irectors and Committees o+ the 'oard o+ 7irectors o+ @ndian companies. 5o,ever0
these provisions o+ the ct are yet to be noti+ied. Mour Company ,ill take appropriate steps to reconstitute its
'oard o+ 7irectors and Committees thereo+ to comply ,ith the reHuirements o+ the ne, Companies ct0 /213 and
Rules +ramed thereunder in due course.
@n terms o+ the provisions o+ the Companies ct0 /213 <to the eDtent applicable=0 your 'oard o+ 7irectors at their Meeting
held on Fctober 320 /213 appointed Mr. Rajeev Gopalakrishnan0 Managing 7irector as the 8Chie+ "Decutive F++icer
<C"F=8 o+ the Company ,ith immediate e++ect. t the said 'oard Meeting your 'oard has also appointed Mr. Ranjit
Mathur0 7irector $inance as the 8Chie+ $inancial F++icer <C$F=8 o+ the Company ,ith immediate e++ect.
@n accordance ,ith the provisions o+ the Companies ct0 1:;9 and the rticles o+ ssociation o+ your Company0
Mr. Jorge Carbajal and Mr. kshay Chudasama0 7irectors o+ the Company are due to retire by rotation at the
ensuing nnual General Meeting o+ the Company and being eligible0 o++er themselves +or re-election. #he 'oard o+
7irectors o+ your Company are o+ the opinion that their continued association ,ith the 'oard ,ill be bene+icial to
the Company and recommend their re-election.
STAT5S $= BATANAGA( &($>ECT
@n terms o+ the Frder o+ the Government o+ Eest 'engal0 total obligation on the Company to,ards development o+
employee housing colony at 'atanagar ,as Rs.9;2 Million. #he Company has already received 31;0222 sH. +t. o+
constructed space at 'atanagar *roject +rom Riverbank 7evelopers *rivate )imited <R7*)=0 the developers o+ the
project and had recorded a liability o+ Rs./19./ Million in earlier years +or obligation yet to be +ul+illed to,ards the
balance 3/;0222 sH. +t. constructed space. s per the 7evelopment greement entered into bet,een R7*) and
the Company in the year /2120 any liability arising on account o+ non-compliance o+ the terms and conditions o+
the a+oresaid Frder o+ the Government o+ Eest 'engal ,ill be borne by R7*).
Mour Company along,ith R7*) has approached the Government o+ Eest 'engal +or eDtension o+ the time limit +or
completion o+ 'atanagar *roject0 and obtained their in-principle approval. #he revised Frder is a,aited. 7uring the
year0 the Company has signed an ddendum to the a+oresaid 7evelopment greement ,hereby the Company
shall receive 33/0232 sH. +t. o+ constructed space in 'atanagar *roject against the balance 3/;0222 sH. +t. o+
constructed space +rom R7*).
16
DI(ECT$(S6 (ES&$NSIBILIT: STATEMENT &5(S5ANT T$ SECTI$N 920 B9AAC $= T;E C$M&ANIES
ACT, 2A@+
Mour 7irectors hereby con+irmA-
1) that in the preparation o+ the annual accounts0 the applicable accounting standards have been +ollo,ed along
,ith proper eDplanation relating to material departuresB
2) that the 7irectors 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 +air vie, o+ the state o+ a++airs o+ the
Company at the end o+ the +inancial year0 and o+ the pro+it o+ the Company +or that periodB
3) that the 7irectors have taken proper and su++icient care +or the maintenance o+ adeHuate accounting records
in accordance ,ith the provisions o+ this ct +or sa+eguarding the assets o+ the Company and +or preventing
and detecting +raud and other irregularitiesB
4) that the 7irectors have prepared the nnualccounts on a going concern basis.
S5BSIDIA(: C$M&ANIES
'ata *roperties )imited and Coastal Commercial ( "Dim )imited continue to be ,holly o,ned subsidiaries o+ your
Company. @n terms o+ the Circular No./&/211 dated $ebruary 60 /211 issued by the Ministry o+ Corporate ++airs0
Government o+ @ndia0 your 'oard o+ 7irectors at their meeting held on $ebruary 1/0 /21. have given consent +or
not attaching0 inter alia, the 'alance !heet0 !tatement o+ *ro+it and )oss and other relevant reports and
statements o+ its subsidiary companies to the 'alance !heet o+ your Company as on 7ecember 310 /213 and
have also agreed to comply ,ith the conditions prescribed in the said Circular.
#he nnual Reports-/213 o+ the a+oresaid subsidiaries ,ill be made available to the shareholders o+ the Company
upon receipt o+ ,ritten reHuests +rom them. #he nnual Reports-/213 o+ the a+oresaid subsidiary companies ,ill
also be kept +or inspection by the shareholders o+ the Company at the Registered F++ice o+ the Company and its
subsidiaries and also at the Company8s F++ice at /4'0 Camac !treet0 1st $loor0 Kolkata - 422 219 bet,een 2:A32
a.m. and 1/A32 p.m. on any ,orking day.
@n compliance ,ith the reHuirements o+ the a+oresaid Circular0 a !tatement sho,ing relevant details +or the year
ended 7ecember 310 /213 in respect o+ 'ata *roperties )imited and Coastal Commercial ( "Dim )imited0 the
,holly o,ned subsidiaries o+ the Company have been included in the $inancial !tatements o+ the Company ,hich
+orms part o+ this nnual Report.
C$(&$(ATE G$4E(NANCE
@n compliance ,ith the provisions o+ Clause .: o+ the )isting greement ,ith the !tock "Dchanges0 the Corporate
Governance Report o+ your Company and Corporate Governance Compliance Certi+icate received +rom M&s. !. R.
'atliboi ( Co.0 ))*0 Chartered ccountants0 the !tatutoryuditors0 are attached as separatenneDure to this Report.
MANAGEMENT DISC5SSI$N AND ANAL:SIS (E&$(T
IND5ST(: ST(5CT5(E AND DE4EL$&MENT
@ndian +oot,ear industry continues to be the second-largest +oot,ear producer in the Eorld - neDt only to China.
#he @ndian $oot,ear Market is divided into organiGed and unorganiGed segments. #he organiGed segment caters
only 1&3rd o+ the +oot,ear industry ,hile the other /&3rd is shared by small un-organiGed local players across the
Country. #he +oot,ear market is dominated by men8s segment ,hich accounts +or more than ;2 per cent o+ total
consumption0 +ollo,ed by 32 per cent in ladies segment and 1; per cent in kids segment. @ndia produces more o+
menJs shoes ,hile other countries in the ,orld produce more +oot,ear +or ladies. #he organiGed sector is
represented by major national and international players like 'ata0 RelaDo0 )iberty0 didas0 Reebok0 etc. ,hile the
un-organiGed sector comprises o+ small cottage industry based manu+acturers.
1:
#he siGe o+ domestic +oot,ear industry in @ndia is approD. U!7 3; 'illion. ccording to an !!FC5M study0 the
@ndustry is considered to possess a signi+icant potential ,ith overall market anticipated to gro, at a CGR o+ approD.
1;Q during /21/-/21.. #he @ndian +oot,ear market is driven by gro,ing +ashion consciousness and increasing
disposable income o+ the urban middle-class consumers. More and more ,omen are no, becoming +inancially
independent0 ,hich give them more purchasing po,er. #o eDploit the potential o+ the $oot,ear industry in @ndia0 a
number o+ premium +oot,ear brands are +oraying into @ndia8s tier-@@ and tier-@@@ cities to increase their customer base.
@ndian $oot,ear @ndustry is eDpected to gro, by 1;Q year-on-year in neDt ten years and increase in middle class
population in these non-metro cities ,ill be a major contributor to the volume gro,th o+ +oot,ear business.
'eing the largest producer o+ +oot,ear in the Eorld0 China continues to be the biggest eDporter o+ +oot,ear globally.
@mport o+ +oot,ear +rom China has seen a rapid gro,th during the past ;-9 years in all the three categories - men0
,omen and children. @ndian $oot,ear retailers have also pre+erred to import Chinese +oot,ear0 because o+ their lo,er
cost and supply in abundance. *resently0 @ndia8s +oot,ear import +rom China is more than 92Q o+ the total import and
during the last +ive years such import +rom China has gro,n by more than 132Q. @ndia has seen a rise in overall eDport
o+ +oot,ear during the past +e, years. 5o,ever0 rate o+ increase in eDport has been much lo,er as compared to the rate
o+ increase in import +rom China and other countries in the Eorld. #he maDimum eDports o+ @ndian $oot,ear are made to
U! and UK ,hich collectively accounts +or approD. 32Q o+ the total eDport o+ +oot,ear by @ndia.
$&&$(T5NITIES AND T;(EAT
7espite a dip in the G7* ,ith a gro,th o+ ..4Q in /2130 the @ndian "conomy has sho,n a lot o+ resilience to
overcome the challenges and is voiced to improve its per+ormance in the coming years. Riding on this ,ave0 the
@ndian $oot,ear @ndustry is gearing up to leverage its strengths to,ards maDimiGing its volume gro,th. @ncrease in
organiGed retailing0 rapid urbaniGation0 increase in disposable income among the middle-class people and more
importantly as a Country o+ the most young population in the Eorld0 @ndian $oot,ear @ndustry is poised to play a
major role in the @ndian FrganiGed Retail @ndustry8s success in the +uture. "++iciency in operations shall be the key
to success in the +uture. "stablishing state-o+-the-art manu+acturing +acilities0 training ( development o+ the
employees and increase in Research ( 7evelopment eDpenditure shall be the key +ocus area in addition to the
replenishment o+ +oot,ear o++erings as per market demand.
)ike other retail business0 +oot,ear retailing through on-line shall gro, mani+old in the coming years. $oot,ear retailers
in @ndia have gained a sudden upsurge ,ith the rise o+ e-commerce and the gro,ing on-line shopping. Companies have
to increase their presence on the e-commerce sites to attract and cater to the gro,ing needs o+ the younger generation.
#his ,ill lead to increase in tie-ups amongst the traditional manu+acturers and e-commerce companies and investment in
,arehousing0 supply chain management0 etc. needs to be increased to stay a+loat in the competition.
part +rom completion and ever-increasing demand +rom the customers0 the @ndian $oot,ear @ndustry ,ill +ace
challenges +rom ,ithin as ,ell. Rising input costs0 scarcity o+ skilled labour0 combating ,ith retail in+lation0 policy
paralysis regime due to uncertain political situations0 are some o+ the areas o+ concern +or the $oot,ear @ndustry in
@ndia.
Mour Company enjoys the bene+it o+ being in the business +or more than eight decades and has a better
understanding and retail net,ork in comparison to its competitors. Mour Company has been adopting appropriate
strategies0 e.g.0 aggressive retail eDpansion0 promotion o+ its brands0 contemporary styling0 Huality control and
strengthening its human resources0 etc. to achieve its objectives.
SEGMENT %ISE $( &($D5CT %ISE &E(=$(MANCE
Mour Company operates in t,o segments - $oot,ear ( ccessories and !urplus *roperty 7evelopment. Mour
Company has chosen $oot,ear ( ccessories as its primary segment.
$5TL$$.
@ndia has overcome various challenges in the economy and is considered to be one o+ the +astest gro,ing ones amongst
many developing countries. s +ar as estimates are concerned @ndia by the end o+ this decade ,ould be the 3rd largest
economy a+ter China and U! based on consumption level and increase in income besides other +actors.
/2
Mour Company shall continue its +ocus to eDpand the retail outlets and improve the merchandise ,ith ne,er and
better designs to provide the @ndian consumers the best in +oot,ear. chieving continuous gro,th in the
per+ormance o+ all business areas0 shall be the key +ocused area going +or,ard. @n order to achieve volume
gro,th0 your Company has introduced $FF#@N concept o+ business0 ,hich o++ers +ashionable ( trendy designed
+oot,ear at an a++ordable price. #he $FF#@N stores are di++erent in ambience and display o+ +oot,ear as
compared to other '# !tores. Mour Company ,ill improve its presence in e-Commerce business and also
strengthen its ccessories business by o++ering a ,ide product range.
@ndian $oot,ear @ndustry has the potential to gro, and is capable to add value to the @ndian "conomy. !upport
+rom the Regulatory uthorities by creating a level playing +ield +or all players and establishing more institutes to
impart training on design0 Huality control and technology shall be reHuired +rom the @ndustry. Mour Company ,ill
seiGe the opportunities and +ace the challenges prevailing in the @ndustry and is con+ident to remain the market
leader in the organiGed +oot,ear retail @ndustry.
(IS.S AND C$NCE(NS
Mour Company continuously ascertains risks and concerns in the $oot,ear @ndustry a++ecting its present operations0
+uture per+ormances and business environment. @n order to overcome such risks and concerns your Company adopts
preventive measures as considered eDpedient and necessary. !ome o+ the risks and concerns are as underA
LITIGATI$N
Mour Company has been engaged in several legal cases in connection ,ith or incidental to its business
operations. #hese include civil cases0 eDcise and custom cases0 etc. +iled by and against the Company. #hese
cases are being pursued ,ith due importance and in consultation ,ith the legal eDperts in respective areas. Mour
'oard believes that the outcome o+ these cases is unlikely to cause a materially adverse e++ect on the Company8s
pro+itability or business per+ormance.
Mour Company has a Contingent )iability o+ Rs. 943.9 Million as on 7ecember 310 /213 as compared to Rs..4/.9
Million as on 7ecember 310 /21/. ttention o+ the !hareholders is dra,n to the eDplanations mentioned in point
no. 31 o+ the Notes to $inancial !tatements +orming integral part o+ the 'alance !heet as on 7ecember 310 /213.
@n vie, o+ the present status and based on legal advice received0 your 'oard o+ 7irectors are o+ the opinion that
no provision is reHuired to be made against these Contingent )iabilities as o+ no,.
T(ADE 5NI$NS
Mour Company has several recogniGed #rade Unions and enjoys harmonious relationship ,ith all its employees.
GL$BALL: C$M&ETITI4E B5SINESS EN4I($NMENT
Mour Company operates in a globally competitive business environment. Eith ever increasing competition +rom
the local players as ,ell as global giants in the $oot,ear @ndustry ,ith deep pockets0 maintaining the eDisting
market share and leadership position in organiGed retail +oot,ear industry is a major challenge.
(IS. (ELATED T$ C;ANGES IN LA% AND (EG5LATI$NS
ny change in the la,s and regulations governing the leather and +oot,ear industry may a++ect the business and
+inancial condition o+ your Company.
INTE(NAL C$NT($L S:STEMS AND T;EI( ADEG5AC:
Mour Company has an adeHuate system o+ internal controls commensurate ,ith its siGe and scale o+ operations0 to
ensure that all assets o+ the Company are sa+eguarded and protected and that all transactions are authoriGed0 recorded
and reported appropriately. #he @nternal udit Report and Risk @nventory Report are revie,ed periodically by the udit
Committee o+ the 'oard o+ 7irectors. #he Chie+ @nternal uditor is a permanent invitee to the udit Committee Meetings.
#heudit Committee advises on various risk mitigation eDercises on Huarterly basis.
/1
DISC5SSI$N $N =INANCIAL &E(=$(MANCE %IT; (ES&ECT T$ $&E(ATI$NAL &E(=$(MANCE
Mour Company has been maintaining its pro+itable gro,th +or the eighth year in a ro, and believes that this is
sustainable0 barring un+oreseen circumstances.
s mentioned in the nnual Reports o+ earlier years0 since pril-/2120 'ank borro,ing o+ your Company is Nil and
the entire capital eDpenditure is being +unded through internal accruals.
Mour 'oard o+ 7irectors have recommended a dividend C Rs.9.;2 per share <i.e.0 9;Q= on eHuity shares +or the
year ended 7ecember 310 /2130 subject to approval o+ the shareholders at the ensuing nnual General Meeting. @+
approved and declared0 this ,ill be the highest rate o+ dividend in the history o+ your Company.
MATE(IAL DE4EL$&MENTS IN ;5MAN (ES$5(CE ! IND5ST(IAL (ELATI$NS =($NT, INCL5DING
N5MBE( $= &E$&LE EM&L$:ED
;uman (esources
Mour Company continued ,ith "Decutive 7evelopment *rogramme <"7*= in /213 to create a ready talent pool o+
7istrict Managers in retail operations. 6 "Decutive trainees under,ent "7* +or nine months and ; o+ them have
been placed as 7istrict Managers a+ter completion o+ their training under "7*.
Mour Company has introduced a concept o+ recruiting and developing Management #rainees under the
>)eadership /2 - /2 *rogram?. 7uring the year under revie,0 ; Management trainees ,ere hired +or Retail
Fperations and presently undergoing 1/-1; months eDtensive training program.
*er+ormance )inked !alary has been in +orce +or all levels o+ employees. #his has lead to a culture o+
accountability as clear goals& objectives have been set +or all eDecutives.
'ata "merging Markets <'"M= @nterchange programme - a #alent 7evelopment initiative designed ,ith an
objective to provide global eDposure to the participants and provide them ,ith an opportunity to eDplore ,ork
eDperience outside their Country +or a period o+ 9 months. 9 employees had participated in '"M @nterchange
*rogramme +rom March-/213 to 7ec-/213.
Industria (eations
#he overall @ndustrial Relations in all the manu+acturing units has been cordial in /213. !ome highlights are as underA
@R situation in the +actory has been peace+ul throughout the year. No mandays ,ere lost during the year.
Mour Company has launched a %oluntary Retirement !cheme <%R!= at Mokamehghat Unit in Fctober-/213. Fut o+ the
1;: employees at the said Unit0 112 employees have opted +or %R! and their +inal settlements are in process.
7i++erent 5R initiatives have been taken in the Manu+acturing Units o+ your Company. !ome o+ these initiatives
included0 'est "mployee ,ards0 Medical Camps0 )ong !ervice ,ards0 !ports0 Celebration o+ National $estivals0
etc.
7uring the year under revie,0 your Company has signed a )ong #erm greement <)#= ,ith the Union at
'atanagar $actory. n agreement ,as also signed +or enhancement o+ production at the !outhcan Manu+acturing
Unit at 'angalore.
&eope Empo#ed
s on 7ecember 310 /2130 there ,as .0:.. permanent employees on the rolls o+ your Company.
//
CA5TI$NA(: STATEMENT
!tatements in the Management 7iscussion and nalysis Report describing the estimates0 eDpectations or
predictions may be 8+or,ard-looking statements8 ,ithin the meaning o+ applicable securities la,s and regulations.
ctual results could di++er materially +rom those eDpressed or implied. @mportant +actors that ,ould make a
di++erence to the Company8s operations include demand-supply conditions0 ra, material prices0 changes in
Government regulations0 taD regimes0 economic developments ,ithin the country and outside the country and
other +actors such as litigation and labour negotiations.
C$NCL5SI$N
Mour 'oard places on record its sincere appreciation +or the co-operation and support received +rom investors0
shareholders0 customers0 business associates0 bankers0 vendors as ,ell as Regulatory and Government authorities.
Mour 'oard ,ould like to thank the major !hareholder and other group companies o+ 'ata !hoe FrganiGation +or
their guidance0 support and co-operation in smooth operations o+ the Company. Mour 'oard is ever grate+ul to the
independent 7irectors +or sharing their valuable eDperience and ,isdom ,ith the Management in the process o+
+inaliGing strategic decisions and oversight o+ the Company.
Mour 'oard appreciates the invaluable contribution o+ the !enior Management #eam +or their leadership and all the
employees o+ the Company +or their inde+atigable e++orts ,hich plays a pivotal role in achieving the objectives o+
the Company.
=or and on ?ehaf of the Board of Directors
*lace A Gurgaon 5da# .hanna
7ate A $ebruary 1/0 /21.. Chairman
/3
ANNE<5(E T$ T;E DI(ECT$(S6 (E&$(T
IN=$(MATI$N AS &E( SECTI$N 920B2CBeC (EAD %IT; T;E C$M&ANIES BDISCL$S5(E $= &A(TIC5LA(S IN
T;E (E&$(T $= T;E B$A(D $= DI(ECT$(SC (5LES, 2A88 AND =$(MING &A(T $= T;E DI(ECT$(S6
(E&$(T =$( T;E :EA( ENDED 32ST DECEMBE( 9123,
I, C$NSE(4ATI$N $= ENE(G:
A, Ener)# Savin)s Evauation for the #ear 9123
S, No, Criteria 4aue B(s, in MnC
1. nnual savings in /213 ;.;
/. "nergy savings& pair 2.14
3. "nergy savings against total cost o+ energy <in Q= ..6/Q
B, Ener)# Conservation Measures $?tained B9123C
1= @nstallation o+ 'aby 'oiler.
/= "nergy e++icient 8Motion-!ensor Control8 +or auto operation o+ o++ice
lighting. 3= @nstallation o+ "nergy e++icient !cre, Compressor0 G ;; ( G34.
.= @solation o+ 1222Kva #rans+ormer.
;= Replacement o+ conventional tube light by "nergy e++icient 8#;8 tube light. 9=
Replacement o+ Metal halide bay light by "nergy e++icient )"7 light.
4= Replacement o+ 8!FN8 boundary light by "nergy e++icient )"7 light.
6= More application o+ #ranslucent !heet +or maDimum use o+ day
light. := )"7 in Canteen and *roduct 7evelopment 7epartment.
12= %$7 +or 5eat !etter ( 5eat Reactivator Machine.
11= $loatingerator in !#*.
C, Ener)# Conservation Measures &roposed B9127C
1= @nduction ( @nstallation o+ !olar *lant.
/= @nstallation o+ )"7 tube lights.
3= Replacement o+ metal halide bay light by energy e++icient )"7 bay light.
.= @nstallation o+ "nergy e++icient 'riHuette +ired 'oiler.
;= @nstallation o+ "nergy e++icient #urbo $an ,ith translucent sheet on asbestos roo+.
9=
@nstallation o+ "nergy e++icient #; <"lectronic 'allast= tube light in place o+ conventional tube
light.
4=
Reduction o+ Contract demand o+
electricity.
6= @ntroduction o+ "nergy e++icient ; !tar 1.;#C in place o+ 1.;# Eindo, C.
:=
@nstallation o+ "nergy e++icient ,ater pumps in place o+ old ( high energy consuming *umps
sets.
12= *roper @nsulation o+ 'arrel o+ 7@* machine installed.
Cost o+ "nergy A
5nits B.%;C
:ear
9129B(sC :ear 9123B(sC
Cost o+ C"!C 4..9 6./9
Cost o+ sel+ generated /2.22 /3.36
35. =$(EIGN E<C;ANGE EA(NING AND $5TG$
. ctivities relating to eDports
A !ee 7irectors8 Report <page no.
19=
'. #otal $oreign eDchange used A Rs. 10:;/.64 million
C. #otal $oreign eDchange earned A Rs. 1.4.24 million
61. &A(TIC5LA(S AS &E( =$(M B
A, (esearch & Deveopment B( & DC
1) Specific area in Ehich ( & D is carried out ?# the compan#
1.1 Material 7evelopment
1.2 *rocess 7evelopment
1.3 *roduct 7evelopment
1.4 $oot Eear Moulds
1.5 !olid Easte UtiliGation
1.6 "nergy !avings
1.7 !a+er "nvironment
1.8 Cater to eDport speci+ication reHuirement
1.9 ComputeriGation and 7ata processing
/.
2) Benefits as a resut of ( & D B9123C
2.1 @ntroduced ,ater-based mould release agent in place o+ solvent-based release agent +or "5!
point o+ vie,.
2.2 7eveloped ,ater absorption ( ,ater penetration resistance )eather !a+ety 'oot.
2.3 7eveloped ( introduced cost e++ective product to get competitive edge ,ithout deteriorating the
Huality level by substituting ne, &alternative chemicals ( synthetic upper-lining material etc.
2.4 7eveloped ( introduced ,ater base *rimer +or )eather shoe & sandal in order to get pollution +ree
environment.
2.5 7eveloped ( introduced ne, range o+ so+t cushion com+ort "% 5a,ai ,ith use o+ lpha-Fle+in
Copolymer.
2.6 7eveloped ( introduced ,ater based *oly-Chloroprene <Neoprene= adhesive in place o+ solvent based
Neoprene adhesive +or )eather !andal ,ith Micro sole in order to get "co $riendly "nvironment.
2.7 7eveloped ( introduced high abrasion resistance rubber roll sole +or Ehole sale #ennis Canvas
$oot,ear in order to get better durability.
2.8 7eveloped ( introduced !troble construction Canvas +oot,ear in place o+ conventional lasted
construction shoe.
2.9 7eveloped oil resistance golosh <$oDing= compound +or 7e+ence !hoes.
2.10 7eveloped )eather !a+ety 'oot ,ith *U sole as per '@! latest !tandard @!A 1;/:6<*art-/=A/211
3) =uture pan of action B9127C
3.1 7evelopment o+ nti+ungal ( nti-bacterial Upper0 )ining ( !ocks material in )eather !a+ety
$oot,ear ,ith application o+ N: *ure !ilver *lastiD #G #echnology.
3.2 7evelopment o+ uto clave %ulcanisable )eather !hoe.
3.3 7evelopment o+ Eater base primer +or "% sole&midsole in place o+ solvent base "% primer +or
pollution +ree environment.
3.4 7evelopment o+ cost e++ective product to get competitive edge ,ithout deteriorating the Huality
level by substituting ne,&alternative chemicals&materials.
3.5 7evelopment o+ +ire0 solvents0 acids0 alkali resistance !a+ety 'oot.
3.6 UtiliGation o+ *U ,aste materials +or 5ealthy environment.
3.7 7evelopment o+ !no, 'oot as per rmy !peci+ied !tandard.
3.8. 7evelopment ( @ntroduction o+ Chromium %@ +ree leather +oot,ear +or ".5.!. point o+ vie,.
3.: 7evelopment ( @ntroduction o+ %ulcanisable ,ater base *U&Neoprene adhesive +or Canvas +oot,ear.
4) E"penditure on ( & D B9123C
Capital S
Rs. ..3
Mn
Recurring S
Rs. 9..:
Mn
#otal S
Rs. 9:./
Mn
*ercentage o+ #urnover S 2.31Q
5) Technoo)# a?sorption, adaptation & innovation
1. Efforts *
1) Continuous and strengthened technical e++orts +or development and *roduction o+ ,ide range
o+ 5i-tech shoes.
2) 7evelopment o+ products and components o+ international Huality and to import technology
through '.!.F. assistance.
2. Benefits *
1) @nternational standard Huality o+ products.
2) Ne, techniHues and technology o+ production.
=or and on ?ehaf of the Board of Directors
*lace A Gurgaon 5da# .hanna
7ate A $ebruary 1/0 /21.. Chairman
/;
/
9
B A T A I N D I A L I M I T E D
STATEMENT $= EM&L$:EES =$( T;E :EA( ENDED 32,29,9123 =$(MING &A(T $= T;E DI(ECT$(S6 (E&$(T, &5(S5ANT T$
SECTI$N 920B9AC $= T;E C$M&ANIES ACT, 2A@+ (EAD %IT; T;E C$M&ANIES
B&A(TIC5LA(S $= EM&L$:EESC (5LES, 2A0@ AS AMENDED TILL DATE
"mployed throughout the $inancial Mear under revie, and ,ere in receipt o+ remuneration aggregating not less than Rs. 920220222 per annum.
Date of Experience
S
l
. Name Designation
Nature of
Employment Nature of duties of Qualification Age Joining / No. of years
Remunerati
on Last Employment-
N
o
.
!et!er
contractual t!e employee resignation including Designation
or ot!erise "ata #ndia pre$ious
Limited employment
%Rs. in
&illions'
(
)opala*ris!nan
Ra+ee$
&anaging
Director ,ontractual -ead of ,ompany ".E %&ec!anical' ./ 0(.0(.10(( 12 2/.23 "ata "anglades! Ltd-
4peration &anaging Director
1 5erraris 5 6ice 7resident ,ontractual
7roduct
De$elopment Diploma 83
(9.02.100
1 21 (:.:3 Eliesse; #taly-6ice 7resident
7roduct De$elopment
2 <onolli E
Sr 6ice
7resident ,ontractual #nc!arge of ,ommercial Sc!ool 88
0(.08.100
2 .. 1(../ "ata Europe; 7aris - S!oeline
&erc!andising- "uilder
5lags!ip
. &at!ur Ran+it
Director =
5inance ,ontractual
5inance >
Accounts ".,om; ,.A. .3
0(.0(.10(
1 11 (2.3( Do ,oming #ndia 7$t. Ltd. =
-ead of 5inance
3
. ?ant! San+ay
Sr.6ice
7resident ,ontractual &anufacturing > ".A. - Economics 3(
01.0:.10(
1 1/ /.19 Adidas <ec!nical Ser$ices
7urc!asing Diploma in &ar*eting 7$t. Ltd - -ead of 4perations
&gmt; &"A-
4perations
&D7
"mployed +or part o+ the +inancial year under revie, and ,ere in receipt o+ remuneration not less than Rs. ;0220222 per month.
( A@ra!am )igi -ead - 5amous ,ontractual
"rand
De$elopment
".A.; &.".A.-
&ar*eting
.
9
01.03.10(
1 13 8.:. 7< &itra Adiper*asa t@*
"rands &anagement Director = Retail 4perations >
"usiness De$elopment
1
.
2
.
.
.
No
tes
A
1. Re
mu
ner
atio
n
as
s!o
n
a@o
$e
incl
ude
s;
inte
r
alia;
,o
mp
anyB
s
con
tri@
utio
n to
pro
$ide
nt
fun
ds;
pen
sion
funds; !ouse rent alloance; lea$e tra$el facility; medical insurance premium and taxa@le $alue of perCuisites.
2. None of t!e employee mentioned a@o$e is a relati$e of any of t!e Director of t!e ,ompany.
5or and on @e!alf of t!e "oard of Directors
7lace A )urgaon Uday Khanna
Date A 5e@ruary (1; 10(. Chairman
REPORT ON CORPORATE GOVERNANCE
HIn terms of Cause 7A of the Listin) A)reement Eith the Stoc' E"chan)esI
1. Compan#6s &hiosoph#
#he Company believes that besides creating long term value +or all its stakeholders0 the real role o+ business
is to give a service by making and selling products that satis+y ,ant and needs o+ its customers and in doing
so to be a caring organiGation in partnership ,ith Community and Government. #he Company endeavours to
set the highest standards in good and ethical Corporate Governance practices and +ollo,s the same by
adopting +airness0 transparency and accountability in all its operations as an on-going eDercise. #he
Company understands that compliances o+ applicable legislations and timely disclosures enhance the image
o+ the Company and long term values o+ all its !hareholders and !takeholders. #he 'oard o+ 7irectors o+ the
Company has +ramed a Code o+ Conduct +or its 7irectors and !enior Management *ersonnel. #he Code o+
Conduct is available on the ,ebsite o+ the CompanyA ,,,.bata.in.
2. Board of Directors
#he 'oard o+ 7irectors <8the 'oard8= o+ the Company comprises o+ the Chairman0 ,ho is an @ndependent
7irector0 one Managing 7irector0 one 7irector $inance and +our Non-"Decutive 7irectors0 o+ ,hich t,o are
@ndependent 7irectors.
7uring the year /2130 +ive 'oard Meetings ,ere held on $ebruary /90 /2130 pril /;0 /2130 June 230 /2130
July /;0 /213 and Fctober 320 /213.
1. Composition
#he composition o+ the present 'oard o+ 7irectors o+ the Company and attendance at the 'oard
Meetings during the year /213 and at the last nnual General Meeting as also the number o+ their
directorships and committee memberships are given belo,A
S, Name of the Director
Cate)or# of
Directorship No, of
Attendanc
e No, of No, of
No, Board at ast
Directo
r/
Committe
e
Meetin)
s AGM ships Mem?er/
attended ships
1. Mr. Uday Khanna
Chairman (
@ndependent ; Mes ; 4
7irector <Chairman
o+ .=
/.
Mr. Rajeev
Gopalakrishnan Managing 7irector ; Mes / 1
<"Decutive 7irector=
3. Mr. Ranjit Mathur 7irector $inance ; Mes 3 1
<"Decutive 7irector=
.. Mr. Jack G.N. Clemons Non-"Decutive 7irector . No 1 1
;. Mr. Jorge Carbajal Non-"Decutive 7irector / Mes 1 1
9. Mr. tul !ingh @ndependent 7irector ; Mes 1 1
<Chairman
o+ 1=
4. Mr. kshay Chudasama @ndependent 7irector . Mes / 1
NoteA @n the above statement the directorship and committee membership o+ the 7irectors have been computed
,ith re+erence to !ection /4; and !ection /46 o+ the Companies ct0 1:;9 read ,ith Clause .: o+ the
)isting greement ,ith !tock "Dchanges. #he number o+ 7irectorship does not include !ection /;
Companies and *rivate Companies as mentioned in the Companies ct0 1:;9 and $oreign Companies.
#he Committee Membership&Chairmanship also doesn8t include $oreign Committees.
/4
2. Code of Conduct
1. Code o+ Conduct +or all 'oard Members and !enior Management *ersonnel o+ the Company has
been adopted by the 'oard o+ 7irectors o+ the Company. 7etails o+ the said Code o+ Conduct o+ the
Company are available on the ,ebsite o+ the CompanyA ,,,.bata.in.
2. Annua Decaration ?# CE$ pursuant to Cause 7ABICBDCBiiC of the Listin) A)reement Eith
Stoc' E"chan)es*
s the Managing 7irector <Chie+ "Decutive F++icer= o+ 'ata @ndia )imited and as reHuired by Clause
.:<@= <7= <ii= o+ the )isting greement ,ith !tock "Dchanges0 @ hereby declare that all the 'oard
Members and !enior Management *ersonnel o+ the Company have a++irmed compliance ,ith the
Company8s Code o+ Conduct +or the $inancial Mear ended 7ecember 310 /213.
!d&-
*lace A Gurgaon (a-eev Gopaa'rishnan
7ate A $ebruary 1/0 /21. Managing 7irector <C"F=
3. Audit Committee
#he 'oard o+ 7irectors has constituted an udit Committee in terms o+ !ection /:/ o+ the Companies ct0 1:;9
and Clause .: <@@= <= o+ the )isting greement ,ith the !tock "Dchanges. #he udit Committee o+ the Company
meets be+ore the +inaliGation o+ accounts each year and also meets every Huarter to revie, the +inancial results o+
the previous Huarter be+ore the same are approved at 'oard Meetings0 as reHuired under Clause .1 o+ the )isting
greement. #heudit Committee may also meet +rom time to time i+ called by the Chairman.
#heudit Committee has been vested ,ith the +ollo,ing po,ersA
1) to investigate any activity ,ithin its terms o+ re+erenceB
2) to seek in+ormation +rom any employeeB
3) to obtain outside legal or other pro+essional adviceB
4) to secure attendance o+ outsiders ,ith relevant eDpertise0 i+ it considers necessary.
9. Terms of reference
#he udit Committee revie,s the Reports o+ the @nternal uditor and the !tatutory uditors periodically
and discusses their +indings. #he role o+ the udit Committee is as +ollo,sA
1) Fversight o+ the Company8s +inancial reporting process and the disclosure o+ its +inancial
in+ormation to ensure that the +inancial statement is correct0 su++icient and credible.
2) Recommending to the 'oard the appointment0 re-appointment and i+ reHuired0 the replacement or
removal o+ the statutory auditor and the +iDation o+ audit +ees.
3) pproval o+ payment to statutory auditors +or any other services rendered by the statutory auditors.
4) Revie,ing0 ,ith the management0 the annual +inancial statements be+ore submission to the 'oard
+or approval0 ,ith particular re+erence toA
Matters reHuired to be included in the 7irector8s Responsibility !tatement to be included in the
'oard8s Report in terms o+ clause </= o+ section /14 o+ the Companies ct0 1:;9.
Changes0 i+ any0 in accounting policies and practices and reasons +or the same.
/6
Major accounting entries involving estimates based on the eDercise o+ judgment by management.
!igni+icant adjustments made in the +inancial statements arising out o+ audit +indings.
Compliance ,ith listing and other legal reHuirements relating to +inancial
statements. 7isclosure o+ any related party transactions.
Uuali+ications in the dra+t audit report.
5) Revie,ing0 ,ith the management0 the Huarterly +inancial statements be+ore submission to the board
+or approval.
6) Revie,ing0 ,ith the management0 per+ormance o+ statutory and internal auditors0 and adeHuacy o+
the internal control systems.
7) Revie,ing the adeHuacy o+ internal audit +unction0 i+ any0 including the structure o+ the internal audit
department0 sta++ing and seniority o+ the o++icial heading the department0 reporting structure
coverage and +reHuency o+ internal audit.
8) 7iscussion ,ith internal auditors any signi+icant +indings and +ollo, up there on.
9) Revie,ing the +indings o+ any internal investigations by the internal auditors into matters ,here
there is suspected +raud or irregularity or a +ailure o+ internal control systems o+ a material nature
and reporting the matter to the 'oard.
10) 7iscussion ,ith statutory auditors be+ore the audit commences0 about the nature and scope o+ audit
as ,ell as post-audit discussion to ascertain any area o+ concern.
11) #o look into the reasons +or substantial de+aults in the payment to the depositors0 debenture
holders0 shareholders <in case o+ non-payment o+ declared dividends= and creditors.
12) #o revie, the +unctioning o+ the Ehistle 'lo,er Mechanism0 in case the same is eDisting.
13) Carrying out any other +unction as is mentioned in the terms o+ re+erence o+ the udit Committee.
14) pproval o+ appointment o+ C$F <i.e.0 the ,hole-time $inance 7irector or any other person heading
the +inance +unction or discharging that +unction= a+ter assessing the Huali+ications0 eDperience (
background0 etc. o+ the candidate.
#heudit Committee also revie,s the +ollo,ingA-
Management discussion and analysis o+ +inancial condition and results o+ operationsB
!tatement o+ signi+icant related party transactions <as de+ined by the udit Committee=0
submitted by managementB
Management letters & letters o+ internal control ,eaknesses issued by the
!tatutoryuditorsB @nternal audit reports relating to internal control ,eaknessesB and
#he appointment0 removal and terms o+ remuneration o+ the Chie+ @nternal uditor shall be
subject to revie, by the udit Committee.
35. Composition
#he udit Committee comprises o+ three @ndependent 7irectors and t,o Non-"Decutive 7irectors. #he
Chairman o+ the udit Committee is an @ndependent 7irector. #he udit Committee met +ive times in /2130
i.e.0 on $ebruary /90 /213B pril /;0 /213B June 230 /213B July /;0 /213 and Fctober 320 /213 and
/:
attendances o+ the members at these meetings ,ere as +ollo,sA
S, No, Name of the Mem?er Cate)or#
No, of Meetin)s
Attended
1. Mr. tul !ingh
Chairman ( @ndependent
7irector ;
/. Mr. Uday Khanna @ndependent 7irector ;
3. Mr. Jorge Carbajal Non-"Decutive 7irector /
..
Mr. Jack G. N.
Clemons Non-"Decutive 7irector .
;.
Mr. kshay
Chudasama @ndependent 7irector .
#he "Decutive 7irectors0 the !tatutory uditors0 the @nternal uditors0 the Cost uditors and the !enior&
ssistant %ice-*resident - $inance are invitees to the udit Committee Meetings. #he Company
!ecretary is in attendance at these Meetings.
4. Nomination, Governance and Compensation Committee
#he 'oard o+ 7irectors o+ the Company had constituted a Remuneration Committee o+ 7irectors to revie, the
Remuneration *olicy +or the 7irectors and the "mployees o+ the Company. #he 'oard had re-named the
Remuneration Committee as the Nomination0 Governance ( Compensation Committee ,. e. +. pril /90 /22;.
(1) Composition
#he Nomination0 Governance ( Compensation Committee consists o+ Mr. Uday Khanna0 Mr. tul !ingh0
Mr. kshay Chudasama0 Mr. Jack G. N. Clemons and Mr. Jorge Carbajal. Mr. Uday Khanna is the
Chairman o+ the Committee. 7uring the year-/2130 the Committee held one meeting on $ebruary /90
/2130 ,hich ,as attended by all the Committee Members eDcept Mr. Jorge Carbajal.
(2) (emuneration &oic#
Remuneration o+ employees consists o+ +iDed and variable components and per+ormance related incentives.
#he objectives o+ the remuneration policy are to motivate employees to eDcel in their per+ormance0
recogniGe their contribution and retaining the talent.
(3) Detais of remunerations paid to the Directors durin) the #ear ended Decem?er 32, 9123
(9) E"ecutive Directors
#he details o+ remuneration and perHuisites paid to the "Decutive 7irectors during the year ended
7ecember 310 /2130 are as underA
<Rs. in
million=
Name Saar# Incentive &erJuisites (etirement
B(s,C B(s,C B(s,C Benefits
B(s,C
Mr. Rajeev Gopalakrishnan 1.021:0::9 1;0::20222 ;023:03.: .0/:90233
Managing 7irector
Mr. Ranjit Mathur 902.:0::/ .02220222 /0/.904.6 10/2:023:
7irector $inance
s the liabilities +or Gratuity and )eave "ncashment are provided on actuarial basis +or the
Company as a ,hole0 these amounts pertaining to the 7irectors are not included above.
Remuneration and perHuisites o+ "Decutive 7irectors also include items0 ,hich do not +orm part o+
their remuneration and perHuisites under !chedule N@@@ to the Companiesct0 1:;9.
32
#he greements ,ith the "Decutive 7irector<s= are contractual in nature. #he greements may be
terminated at any time by either party giving siD months8 notice in ,riting ,ithout any cause. @n the event
the notice is delivered by the "Decutive 7irector<s=0 the Company shall have the option o+ determining
the services o+ the "Decutive 7irector<s= +orth,ith ,ithout any +urther liabilities ,hatsoever. @n the event
such notice is delivered by the Company0 an "Decutive 7irector shall be entitled to be paid his +ull salary
+or a period o+ siD months as per the greement as ,ell as incentive ,hich he ,ould have earned during
the same period.
#here are no !tock Fptions available & issued to any 7irectors o+ the Company and does not +orm a part
o+ their respective contracts ,ith the Company.
(35) Non/E"ecutive Directors
#he 'oard o+ 7irectors decides the remuneration o+ the Non-"Decutive 7irectors in accordance ,ith the
rticles o+ ssociation o+ the Company and the approval o+ the shareholders.
Remuneration by ,ay o+ sitting +ees +or attending 'oard Meetings and Committee Meetings are paid to
the @ndependent 7irectors. #he @ndependent 7irectors are also entitled to a commission on Net *ro+its
not eDceeding 1Q o+ the Net *ro+its computed in the manner re+erred to in !ection 32:<;= o+ the
Companies ct0 1:;90 ,hich ,ill be distributed among them a+ter the +orthcoming nnual General
Meeting0 in such proportion as determined by the 'oard.
#he details o+ sitting +ees paid and commission on Net *ro+its payable to the @ndependent 7irectors +or
the +inancial year ended 7ecember 310 /2130 are as underA
Name of Directors Sittin) =ees paid Commission pa#a?e
No, of Shares
;ed
B(s, in miionC B(s, in miionC
Mr. Uday Khanna 2.32 /.32 ;0222
Mr. tul !ingh 2.// 1.1; P
Mr. kshay Chudasama 2.16 1.1; P
Mr. Jack G. N. Clemons and Mr. Jorge Carbajal0 Non-"Decutive 7irectors do not accept any sitting +ees
and & or Commission on Net *ro+its +rom the Company. #he Company did not have any pecuniary
relationship or transactions ,ith these Non-"Decutive 7irectors during the year under revie,.
5. Sharehoders6 Committees
(1) Share $perations Committee
@n accordance ,ith Clause .: <@%=<G=<iv= o+ the )isting greement ,ith the !tock "Dchanges0 the 'oard has
unanimously delegated the po,ers o+ share operations to Mr. Maloy Kumar Gupta0 Company !ecretary0 ,ho
is also the Compliance F++icer and Mr. J. 'anerjee0 @nvestors8 Relations Manager0 in order to eDpedite the
process o+ share trans+ers0 issue o+ duplicate certi+icates and ne, certi+icates a+ter splits& consolidation &
rene,al and re-materialisation o+ shares. #rans+er o+ shares involving ;20222 shares or more in the Company
are revie,ed by the 'oard o+ 7irectors on Huarterly basis.
31
(2) Sharehoder ! Investor Grievance Committee
#he 'oard o+ 7irectors has constituted a !hareholder & @nvestor Grievance Committee under the
Chairmanship o+ an @ndependent 7irector.
#he details o+ the Committee Members and their attendance at the Meetings held on 12th January0
/213B $ebruary /90 /213B pril /;0 /213B July 210 /213B July /;0 /213B !eptember 140 /213 and Fctober
320 /213 are as underA
S, No, Name of the Mem?er Cate)or#
No, of
Meetin)s
Attended
1. Mr. Uday Khanna Chairman .
/. Mr. Rajeev Gopalakrishnan Managing 7irector 4
3. Mr. Ranjit Mathur 7irector $inance 4
Mr. Maloy Kumar Gupta0 Company !ecretary is the Compliance F++icer o+ the Company.
@nvestors8 complaint<s= ,hich cannot be settled at the level o+ Company !ecretary ( Compliance F++icer
and&or @nvestors8 Relations Manager is&are re+erred to the !hareholder & @nvestor Grievance Committee
o+ the 'oard +or +inal settlement. #he Company con+irms that 1 <one= shareholder8s complaint lying
pending as on 7ecember 310 /213 has since been resolved.
@n compliance o+ the !"'@ Circular No. C@R&F@"&/&/211 dated June 30 /2110 the Company has obtained an
user @7 and pass,ord +or processing the investor complaints in a centraliGed ,eb based !"'@ Complaints
Redress !ystem - 8!CFR"!8. #his enables the investors to vie, online the action taken by the Company on
the complaints and its current status by logging on to the !"'@8s ,ebsite i.e. ,,,.sebi.gov.in. #he Company
a++irms that no shareholder8s complaint ,as lying pending as on 7ecember 310 /213 under the 8!CFR"!8.
#he Company con+irms that there ,ere no share trans+ers lying pending and a++irms that all the reHuests
+or share trans+ers&transmissions0 issue o+ ne, certi+icates0 etc.0 received up to 7ecember 310 /213 have
since been processed. ll the reHuests +or dematerialiGation and dematerialiGation o+ shares as on that
date have been con+irmed & rejected through the N!7) & C7!) system.
BiiiC Nature of compaints received and resoved durin) the #ear
S, Su?-ect matter
Compain
ts
Compaint
s Tota Compaints Compaints
No, of Compaints
pendin)
as (eceived
Compaint
s
(edressed
up pendin) as
on
>anuar# durin) the durin) the
to
Decem?er
on
Decem?er
12, 9123 #ear 9123 #ear 9123 32, 9123 32, 9123
1. Non-receipt o+ 7ividend 1 9 4 9 1
/.
#rans+er&#ransmission o+
!hares P 1 1 1 P
3. 7e-materialiGation o+ !hares P P P P P
.. Rights @ssues related matters P P P P P
;. Fthers P 3 3 3 P
T$TAL 2 21 22 21 2
6. Genera Bod# Meetin)s
i, #he last three nnual General Meetings ,ere held as underA
=inancia :ear ended Da# & D a t e T i m e 4 e n u e
7ecember 310 /21/ #uesday0 June 2.0 /213 12A32 a.m.
Kalamandir0
Kolkata
7ecember 310 /211 Eednesday0 May 320 /21/ 12A32 a.m.
Kalamandir0
Kolkata
7ecember 310 /212 #uesday0 June /60 /211 12A32.a.m.
Kalamandir0
Kolkata
3/
2. Detais of Specia (esoutions passed in the previous three Annua Genera Meetin)s*
Date of AGM
Detais of the Specia (esoutions
passed
June /60 /211 !pecial Resolution ,as passed at the 46th nnual General Meeting o+ the Company +or
appointment o+ Mr. Rajeev Gopalakrishnan as Managing 7irector - 'ata !tores0 'ata
@ndia )imited and payment o+ remuneration to him pursuant to the provisions o+ !ection
1:60 /9:0 32:0 312 and 311 and all other applicable provisions0 o+ the Companies ct0
1:;9 read ,ith !chedule N@@@ to the ct0 be +iDed by the 'oard and therea+ter revised +rom
time to time ,ithin the limits approved by the members by ,ay o+ a !pecial Resolution
passed at the !eventy-!iDth nnual General Meeting held on May /90 /22:.
May 320/21/ 1. !pecial Resolution ,as passed at the 4:th nnual General Meeting +or insertion o+ rticle ;;
in the rticles o+ ssociation o+ the Company to provide video con+erencing +acility and&or
other permissible electronic mode o+ communication to the shareholders o+ the Company
+or participating in the General Meetings o+ the Company.
2. !pecial Resolution ,as also passed at the 4:thnnual General Meeting +or insertion o+
rticle 6; in the rticles o+ ssociation o+ the Company to +acilitate the 7irectors8
participation in the Meetings o+ the 'oard and&or Committees o+ 7irectors through video
con+erencing and&or any other permissible electronic mode o+ communication.
June 2.0 /213 !pecial Resolution ,as passed at the 62th nnual General Meeting to rati+y the
appointment o+ Mr. Gigi braham <IMr. brahamJ= ,ho ,as appointed as the dditional
7irector at a 'oard Meeting held on July /90 /21/ a+ter,hich he ,as designated as the
Group 'rands 7irector +or a period o+ ; years. #he remuneration had been +iDed ,ithing
the overall limits speci+ied under !ections 1:6 and 32: o+ the Companies ct0 1:;9 read
,ith !chedules N@@@ to the ct and shall be ,ithin the limits approved by the Members by
,ay o+ !pecial Resolution passed at the !iDty-!iDth nnual General Meeting. 5o,ever
Mr. braham vide his letter dated 1:th 7ecember0 /21/ tendered his resignation +rom the
'oard o+ 7irectors the Company and the Company accepted his resignation at the 'oard
Meeting held on $ebruary /90 /213.
61. (esoutions passed durin) the #ear 9123 throu)h &osta Baot under Section 2A9A of the
Companies Act,2A@+
No resolutions ,ere passed through *ostal 'allot during the year /213.
7. Su?sidiar# Companies
#he Company has t,o ,holly o,ned subsidiaries but neither o+ them are material non-listed subsidiaries
,ithin the meaning o+ the eDplanation given in "Dplanation 1 o+ Clause .:<@@@= o+ the )isting greement ,ith
the !tock "Dchanges.
8. Discosures
1. #he transactions o+ material nature ,ith related parties and material individual transactions ,ith related
parties have been placed be+ore the udit Committee +rom time to time.
2. #he 'oard has obtained certi+icates & disclosures +rom key management personnel con+irming that they
do not have any material0 +inancial and commercial interest in transactions ,ith the Company that may
have a potential con+lict ,ith the interest o+ the Company at large. #hese disclosures have also been
made +or all relations o+ the +irst degree by the management to the 'oard.
3. #here ,ere no instances o+ non-compliance on any matter related to the capital market0 during the last
three years.
4. 7isclosure regarding Related *arty #ransactions +orms integral part o+ the Notes to $inancial
!tatements o+ the Company in the nnual Report.
33
5. #he +inancial statements have been made in accordance ,ith the ccounting !tandards issued by the
@nstitute o+ Chartered ccountants o+ @ndia <@C@= so as to represent a true and +air vie, o+ the state o+
the a++airs o+ the Company.
6. #he Company carries a risk management process and the ,eaknesses +ound are communicated to the
udit Committee +rom time to time. *eriodic revie,s are made on eDtent o+ risk minimiGation measures
adopted to minimiGe the potential risks.
7. Mana)ement (esponsi?iit# Statement
#he Management con+irms that the +inancial statements are in con+ormity ,ith reHuirements o+ the
Companies ct0 1:;9 and the Generally ccepted ccounting *rinciples <G*= in @ndia. #he
Management accepts responsibility +or the integrity and objectivity o+ these +inancial statements as ,ell
as +or estimates and judgments relating to matters not concluded by the year-end. #he Management
believes that the +inancial statements o+ operation re+lect +airly the +orm and substance o+ transactions
and reasonably present the Company8s +inancial condition and the results o+ operations. #he Company
has a system o+ internal control0 ,hich is revie,ed0 evaluated and updated on an on-going basis.
#he @nternal uditors have conducted periodic audits to provide reasonable assurance that the
Company8s established policy and procedures have been +ollo,ed.
#he +inancial statements have been audited by M&s. !. R. 'atliboi ( Co.0 ))*0 Chartered ccountants0
the !tatutory uditors o+ the Company and have been discussed ,ith the udit Committee0 be+ore the
same are approved and taken on record by the 'oard o+ 7irectors.
9. Means of Communication
9. Uuarterly results are published in >#he "conomic #imes? in "nglish and one o+ the prominent business
dailies in 'engali. #he nnual +inancial results are posted to every shareholder o+ the Company in the
prescribed manner. #he results are also made available on the ,ebsite o+ the Company0 ,,,.bata.in.
35. Management8s 7iscussions ( nalysis +orms part o+ the 7irectors8 Report.
@@@. F++icial ne,s releases are in+ormed directly to the !tock "Dchanges and then to the *ress.
@%. #he Company is complying ,ith the online +iling reHuirements o+ the Corporate $iling and 7issemination
!ystem - <C$7!= in terms o+ Clause ;/ o+ the )isting greement ,ith the !tock "Dchanges. #he
Company also participates in the online +iling systems o+ '!" )imited and National !tock "Dchange o+
@ndia )imited0 viG.0 '!" )isting Centre and N"*!0 respectively. #he shareholders& investors can vie,
the details o+ +ilings by the Company on the respective ,ebsites o+ the !tock "Dchanges.
#he Company has an eDclusive e-mail @7 +or shareholders&investors and they may ,rite to the Company at
share.deptCbata.co.in.
21, Genera Sharehoder Information
@. #he 61st nnual General Meeting ,ill be held at 8K)MN7@R80 .60 !hakespeare !arani0 Kolkata - 422
214 on Eednesday May /10 /21. at 12A32 a.m.
@@. =inancia Caendar Btentative datesC
$irst Uuarter Results <31st March= 'y end pril0 /21.
nnual General Meeting 'y end May0 /21.
!econd Uuarter results <32th June= 'y early ugust0 /21.
#hird Uuarter results <32th !eptember= 'y early November0 /21.
$ourth Uuarter ( nnual results o+ the current Mear <audited= 'y end $ebruary0 /21;
61. Dates of Boo' Cosure
#he !hare #rans+er 'ooks and Register o+ Members o+ the Company ,ill remain closed +rom
Eednesday0 May 40 /21. to Eednesday0 May /10 /21. <both days inclusive= +or the purpose o+ the 61st
nnual General Meeting.
3.
@%. Dividend &a#ment Date
7ividend +or the year /2130 i+ declared at the 61st nnual General Meeting shall be paid on June 2.0 /21..
22. Listin) of EJuit# Shares on the Stoc' E"chan)es, etc,
#he Company8s "Huity !hares are listed on Calcutta !tock "Dchange )imited <!crip Code - 12222223=0
'!" )imited <!crip Code - ;222.3= and the National !tock "Dchange o+ @ndia )imited <!crip Code -
'#@N7@=. #he annual listing +ees +or the year /213 - /21. have been paid to all these !tock
"Dchanges and the same +or the year /21.-1; shall be paid in due course. #he @!@N code o+ the
Company is @N"14921212.
%@. Stoc' Mar'et price data for the #ear
BATA share price on BSE and NSE
Month B S E SENSE< N S E NI=T:
5igh )o, 5igh )o, 5igh )o, 5igh )o,
<Rs.= <Rs.= <Rs.= <Rs.= <Rs.= <Rs.= <Rs.= <Rs.=
Jan /213 :23.22 4;9.12 /2/23.99 1:;26.:3 :2..3; 4;9.22 9111.62
;:3;./
2
$eb /213 624..; 4/4.2; 1::99.9: 164:3.:4 626.22 4/3.22 92;/.:;
;941.:
2
March /213 621.;; 966./; 1:4;..99 16;96..3 62/.22 969.6; ;:41./2
;92..6
;
pril /213 49..22 422.22 1:9//.96 161...// 49..22 422.22 ;:9/.32
;.44./
2
May /213 6./.22 439.22 /2..3.9/ 1:.;1./9 6.1.:2 43/.6; 9//:..;
;:12.:
;
June /213 6:6.42 4.6./2 1:692.1: 16.94.19 6:6.9; 4.6.42 9211.22
;;99./
;
July /213 :4/.22 63..22 /23;1.29 1:1/9.6/ :43.22 63/.22 92:3.3;
;94;.4
;
ug /213 :44.22 49;.22 1:;9:./2 14..6.41 :4;.22 441.2; ;626.;2 ;116.6;
!ept /213 69..42 4:;.12 /243:.9: 16199.14 64/.22 4:1./; 91./.;2
;316.:
2
Fct /213 :31.12 63;.22 /1/2;... 1:/9..4/ :31.92 6;2.9; 932:.2;
;422.:
;
Nov /213
126;.4
; 666.2; /13/1.;3 /2134.94 126/.:2 :23.2; 93./.:;
;:4/..
;
7ec /213
1241.4
2 :6/.92 /1.63.4. /2;96.42 124/.62 :6/.12 9.1;./;
91/:.:
;
%@@. Share Transfer A)ent
#he Company has engaged the services o+ R(7 @n+otech *rivate )imited0 1st $loor0 40 'eltala Road0
Kolkata - 422 2/9 ,. e. +. January 210 /2240 a !"'@ registered Registrar +or processing the trans+ers0
sub-division0 consolidation0 splitting o+ shares0 etc. and process the shareholders8 reHuests +or
dematerialiGation and&or rematerialiGation o+ shares.
%@@@. Share Transfer S#stem
#he 'oard has delegated the po,ers o+ share operations to a Committee comprising o+ Mr. Maloy
Kumar Gupta0 Company !ecretary and Mr. J. 'anerjee0 @nvestor Relations Manager. #he Committee
meets once in a ,eek to approve the reHuests +or trans+er0 transmission0 consolidation0 sub-division o+
shares and issue o+ share certi+icates on rematerialisation o+ shares.
7ocuments and !hare Certi+icates lodged by the shareholders&investors are veri+ied and entered in the
relevant Registers by the Registrar ( !hare #rans+ergents in consultation ,ith the Company.
!ince the Company8s shares can be traded only in dematerialiGed +orm0 the shareholders are advised to hold
their shares in dematerialiGed mode. ReHuests +or dematerialiGation o+ shares should be sent directly by the
7epository *articipants <7*s= concerned to the !hare #rans+er gents at R(7 @n+otech *rivate )imited0 1st
$loor0 40 'eltala Road0 Kolkata - 422 2/9. ny delay on the part o+ the 7*s to send the 7emat ReHuest
$orms <7R$= and relevant !hare Certi+icates beyond 1; days +rom the date o+ generation o+ the
3;
7emat ReHuest Number <7RN= by the 7*s ,ill be rejected& cancelled. #his is being done to ensure that
no demat reHuests remain pending ,ith the !hare #rans+er gent beyond a period o+ /1 days.
!hareholders& @nvestors should0 there+ore0 ensure that their 7*s do not delay in sending the 7R$ and
relevant !hare Certi+icates to the !hare #rans+ergent immediately a+ter generating the 7RN.
!hareholders have the option to open their 7emat accounts ,ith either N!7) or C7!) as the Company
has entered into #ripartitegreements ,ith both these 7epositories.
@N. Distri?ution of Sharehodin) as on Decem?er 32,
9123*
No, of shares No, of sharehoders No, of Shares
1 S ;22 6191/ .:33:92
;21 S 1222 1441 1/64961
1221 S ;222 6.1 192.;;6
;221 S 12222 94 .:1423
12221 and above 1:2 ;;:.;696
T$TAL 87782 +79+3001
24. &attern of Sharehodin) as on Decem?er 32, 9123*
S, No, Cate)or# No, of ;oders No, of Shares K of Capita
1. Resident @ndividual 6//;: 6.93412 13.14
/. 7omestic Companies 1/6/ /3::399 3.43
3. N.R.@. 946 /623/3 2...
.. $oreign Companies 1 3.23/4;4 ;/.:9
;. Mutual $und :2 921;16; :.39
9. $inancial @nstitutions // :3.:;1 1..;
4. 'anks /9 //.;1 2.23
6. $.@.@. 1// 1/1122/4 16.6;
:. 7irectors 1 ;222 2.21
T$TAL 87782 +79+3001 211,11
N@. DemateriaiLation of Shares
s on 7ecember 310 /2130 :6.11Q o+ the Company8s total paid-up share capital representing
9302.60432 eHuity shares are held in de-materialiGed mode and the balance 1.6:Q representing
10/1;02.2 eHuity shares are held in physical mode and these shareholders are reHuested to
dematerialise their shares in their o,n interests.
N@@. =actor# Locations
#he Company8s +actories are located at the +ollo,ing placesA
9. 'atanagar0 /. *arganas <!=0 Eest 'engal.
35. 'ataganj0 *atna0 'ihar.
@@@. $aridabad Ne, @ndustrial #o,n0 $aridabad0 5aryana.
@%. *eenya @ndustrial rea0 'angalore0 Karnataka.
%. 'atashatak0 !ipcot @ndustrial CompleD0 *hase @0 5osur0 #amil Nadu.
%@. Mokamehghat0 5athidah0 'ihar.
39
N@@@. Address for Correspondence
#he Company8s !hare 7epartment is situated at /4'0 Camac !treet0 1st $loor0 Kolkata - 422219.
!hareholders correspondence should be addressed toA
(1) BATA INDIA LIMITED
!hare 7epartment
/4'0 Camac !treet <1st
$loor= Kolkata - 422 219
#elephone Nos. A <233= 3:62 /221&3:62 /2/1 ( //6: ;4:9
<7irect= $aD No. A <233= //6: ;6;:
"-mailA maloy.guptaCbata.co.in &share.deptCbata.co.in
Contact personA Mr. Maloy Kumar Gupta0 Company !ecretary ( Compliance F++icer
Mr. J. 'anerjee0 @nvestor Relations Manager
(2) S;A(E T(ANS=E( AGENT
R(7 @n+otech *rivate
)imited 1st $loor0 40 'eltala
Road0 Kolkata - 422 2/9
#elA <233= /.1: /9.1&/9./
$aDA <233= /.1: /9./
"-mail A rd.in+otechCvsnl.net0 bataCrdin+otech.in
Contact *ersonA Mr. Ratan Mishra0 7irector
NoteA #he Company endeavours to settle all shareholder complaints ,ithin the minimum possible time.
verage rate o+ settlement may vary +rom 4 days to 1; days. 5o,ever0 processing o+ reHuests involving
disputed matters& court cases are kept in abeyance till these matters&cases are mutually settled by the
shareholders&investors or are +inally disposed o++ by the Courts.
#he Company has adhered to all the mandatory items and also +ormed a Remuneration Committee
<Nomination Governance and Compensation Committee= - an item o+ non-mandatory reHuirements o+
Corporate Governance as per Clause .: o+ the )isting greement ,ith the !tock "Dchanges.
11. CE$!C=$ Certification
Mr. Rajeev Gopalakrishnan - Managing 7irector <C"F= and Mr. Ranjit Mathur0 7irector $inance <C$F= have
certi+ied to the 'oard thatA
(1) #hey have revie,ed +inancial statements and the cash +lo, statement +or the year and that to the best o+
their kno,ledge and belie+A
(1) these statements do not contain any materially untrue statement or omit any material +act or contain
statements that might be misleadingB
(2) these statements together present a true and +air vie, o+ the company8s a++airs and are in
compliance ,ith eDisting accounting standards0 applicable la,s and regulations.
(2) #here are0 to the best o+ their kno,ledge and belie+0 no transactions entered into by the company during
the year ,hich are +raudulent0 illegal or violative o+ the company8s code o+ conduct.
(3) #hey accept responsibility +or establishing and maintaining internal controls +or +inancial reporting and
that they have evaluated the e++ectiveness o+ internal control systems o+ the company pertaining to
+inancial reporting and they have disclosed to the uditors and the udit Committee0 de+iciencies in the
design or operation o+ such internal controls0 i+ any0 o+ ,hich they are a,are and the steps they have
taken or propose to take to recti+y these de+iciencies.
34
(4) #hey have indicated to the uditors and the udit committee
(1) signi+icant changes in internal control over +inancial reporting during the yearB
(2) signi+icant changes in accounting policies during the year and that the same have been disclosed in
the notes to the +inancial statementsB and
(3) instances o+ signi+icant +raud o+ ,hich they have become a,are and the involvement therein0 i+ any0
o+ the management or an employee having a signi+icant role in the company8s internal control
system over +inancial reporting.
#he above certi+icate ,as placed be+ore the 'oard Meeting held on $ebruary 1/0 /21..
12. Information pursuant to Cause 7A BI4CBGC of the Listin) A)reement
#he in+ormation reHuired to be +urnished to the shareholders in terms o+ Clause .: <@%=<G=<i= o+ the )isting
greement ,ith the !tock "Dchanges0 relating to appointment& re-appointment o+ a ne, 7irector have been
+urnished as an nneDure to the Notice convening the 61st nnual General Meeting o+ the Company.
13. Corporate Governance Compiance
#he Company has complied ,ith the reHuirements as laid do,n in Clause .: o+ the )isting agreement ,ith
the !tock "Dchanges +or the purpose o+ ensuring Corporate Governance. certi+icate obtained +rom M&s.
!.R. 'atliboi ( Co. ))*0 Chartered ccountants0 the !tatutory uditors o+ the Company0 to this e++ect has
been attached to this nnual Report. #he 'oard o+ 7irectors o+ the Company has decided not to adopt some
o+ the non-mandatory provisions o+ Corporate Governance under Clause .: o+ the )isting greement till such
time more clarity emerges on the impact o+ these provisions on the business operations o+ the Company.
14. Compiance Eith 4ountar# Corporate Governance Guideines, 911A issued ?# the Ministr# of
Corporate Affairs
#he Company has initiated the process o+ +ollo,ing the %oluntary Corporate Governance Guidelines-/22:
issued by the Ministry o+ Corporate ++airs0 Government o+ @ndia. ccordingly0 a !ecretarial udit Report +or
the year ended 7ecember 310 /213 received +rom M&s *. !ara,agi ( ssociates0 Company !ecretaries0 /4
'rabourne Road0 Kolkata - 422 221 has been placed be+ore the 'oard o+ 7irectors o+ the Company at their
meeting held on $ebruary 1/0 /21.. #he said !ecretarial udit Report also +orms part o+ this nnual Report.
#he Company is in the process o+ complying ,ith remaining reHuirements o+ the said %oluntary Corporate
Governance Guidelines - /22: issued by the Ministry o+ Corporate++airs.
=or and on ?ehaf of the Board of Directors
*lace A Gurgaon 5da# .hanna
7ate A $ebruary 1/0 /21. Chairman
36
A5DIT$(S6 CE(TI=ICATE
To
The Mem?ers of Bata India Limited
Ee have eDamined the compliance o+ conditions o+ corporate governance by 'ata @ndia
)imited0 +or the year ended on 7ecember 310 /213 as stipulated in clause .: o+ the )isting
greement o+ the said Company ,ith !tock "Dchange<s=.
#he compliance o+ conditions o+ corporate governance is the responsibility o+ the management. Fur
eDamination ,as limited to procedures and implementation thereo+0 adopted by the Company +or
ensuring the compliance o+ the conditions o+ the Corporate Governance. @t is neither an audit nor an
eDpression o+ opinion on the +inancial statements o+ the Company.
@n our opinion and to the best o+ our in+ormation and according to the eDplanations given to us0
,e certi+y that the Company has complied ,ith the conditions o+ Corporate Governance as
stipulated in the above mentioned )isting greement.
Ee +urther state that such compliance is neither an assurance as to the +uture viability o+ the
Company nor the e++iciency or e++ectiveness ,ith ,hich the management has conducted the
a++airs o+ the Company.
=or S,(, BATLIB$I & C$, LL&
@C@ $irm Registration No. 321223"
Chartered ccountants
per (a-iv Go#a
*lace o+ !ignature A Gurgaon *artner
7ate A $ebruary 1/0 /21. Membership No.A :.;.:
3:
#o the !hareholders
BATA INDIA LIMITED
SEC(ETA(IAL A5DIT (E&$(T / 9123
Ee have conducted the !ecretarial udit o+ the compliances o+ the applicable statutory provisions and good corporate
practices by the Company. Ee have eDamined the registers0 records and documents o+ '# @N7@ )@M@#"7 <>the
Company?= +or the +inancial year ended on 31st 7ecember0 /213 being maintained according to the provisions o+ A
#he Companiesct0 1:;90 the Rules +ramed thereunder and #he Companiesct0 /213 <to the eDtent applicable=
andB #he 7epositories ct0 1::9 and the Regulations and bye-la,s +ramed under thatctB
#he !ecurities Contracts <Regulation= ct0 1:;9 <8!CR8=0 the Rules made under that ctB and
#he +ollo,ing Regulations and Guidelines prescribed under the !ecurities and "Dchange 'oard o+ @ndia ct0 1::/
<8!"'@ ct8=
#he !ecurities and "Dchange 'oard o+ @ndia <!ubstantialcHuisition o+ !hares and #akeovers= Regulations0
/211B #he !ecurities and "Dchange 'oard o+ @ndia <*rohibition o+ @nsider #rading= Regulations0 1::/B
#he !ecurities and "Dchange 'oard o+ @ndia <Registrars to an @ssue and !hare #rans+er gents= Regulations0
1::3 regarding the Companiesct and dealing ,ith clientB and
#he "Huity )isting greements ,ith the Calcutta !tock "Dchange )imited0 '!" )imited and National !tock
"Dchange o+ @ndia )imited.
Ee have also eDamined the compliance ,ith applicable clauses o+ the +ollo,ing A
!ecretarial !tandards issued by the @nstitute o+ Company !ecretaries o+ @ndia.
Corporate Governance %oluntary Guidelines /22: issued by the Ministry o+ Corporate ++airs0 Government o+ @ndia.
Corporate !ocial Responsibility %oluntary Guidelines /22: issued by the Ministry o+ Corporate ++airs0 Government
o+ @ndia.
#he !ecretarial udit ,as conducted in a manner that provided us a reasonable basis +or evaluating the corporate
conducts&statutory compliances and eDpressing our opinion thereon.
'ased on our eDamination and veri+ication o+ the registers0 records0 minutes books0 +orms and documents maintained by the
Company and produced be+ore us and according to the in+ormation and eDplanations given to us by the Company and the
Company8s registrar ( share trans+er agents0 during the conduct o+ the !ecretarial udit0 ,e report that the Company has0 in our
opinion0 substantially complied ,ith the provisions o+ the Companies ct0 1:;90 the Rules made thereunder0 the Companiesct0
/213 <to the eDtent applicable= and the Memorandum and rticles o+ ssociation o+ the Company.
Ee +urther report thatA
(1) during our eDamination ,e have not come across any instance +or ,hich any prosecution ,as initiated and +ines or
penalties ,ere imposed on the Company or any o+ its directors during the year under revie, under the Companies
ct0 !"'@ ct0 !CR ct0 7epositories ct0 )isting greement and Rules0 Regulations and Guidelines +ramed under
these ctsB
(2) the Company has complied ,ith the provisions o+ the 7epositories ct0 1::9 and the bye-la,s +ramed thereunder
by the 7epositories ,ith regard to dematerialiGation&rematerialisation o+ securities and reconciliation o+ records o+
dematerialiGed securities ,ith all securities issued by the Company.
(3) the Company has complied ,ith the reHuirements under the "Huity )isting greements entered into ,ith the
Calcutta !tock "Dchange )imited0 '!" )imited and National !tock "Dchange o+ @ndia )imitedB
(4) the Company has complied ,ith the applicable provisions o+ the !ecurities and "Dchange 'oard o+ @ndia
<!ubstantial cHuisition o+ !hares and #akeovers= Regulations0 /211B
(5) the Company has complied ,ith the provisions o+ the !ecurities and "Dchange 'oard o+ @ndia <*rohibition o+ @nsider
#rading= Regulations0 1::/ including the provisions ,ith regard to disclosures and maintenance o+ records reHuired
under these Regulations.
=or &, SA(A%AGI & ASS$CIATES
Company !ecretaries
B&, ., SaraEa)iC
*lace A Kolkata *roprietor
7ate A 1/th $ebruary0 /21. C. *. No. A .66/
.2
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF BATA INDIA LIMITED
(eport on the =inancia Statements
Ee have audited the accompanying +inancial statements o+ 'ata @ndia )imited <>the Company?=0 ,hich comprise the
'alance !heet as at 7ecember 310 /2130 and the !tatement o+ *ro+it and )oss and Cash $lo, !tatement +or the
year then ended0 and a summary o+ signi+icant accounting policies and other eDplanatory in+ormation.
Mana)ement6s (esponsi?iit# for the =inancia Statements
Management is responsible +or the preparation o+ these +inancial statements that give a true and +air vie, o+ the
+inancial position0 +inancial per+ormance and cash +lo,s o+ the Company in accordance ,ith accounting principles
generally accepted in @ndia0 including the ccounting !tandards noti+ied under the Companies ct0 1:;9 read ,ith
General Circular 1;&/213 dated 13th !eptember /2130 issued by the Ministry o+ Corporate ++airs0 in respect o+
!ection 133 o+ the Companies ct0 /213. #his responsibility includes the design0 implementation and maintenance o+
internal control relevant to the preparation and presentation o+ the +inancial statements that give a true and +air vie,
and are +ree +rom material misstatement0 ,hether due to +raud or error.
Auditor6s (esponsi?iit#
Fur responsibility is to eDpress an opinion on these +inancial statements based on our audit. Ee conducted our
audit in accordance ,ith the !tandards on uditing issued by the @nstitute o+ Chartered ccountants o+ @ndia.
#hose !tandards reHuire that ,e comply ,ith ethical reHuirements and plan and per+orm the audit to obtain
reasonable assurance about ,hether the +inancial statements are +ree +rom material misstatement.
n audit involves per+orming procedures to obtain audit evidence about the amounts and disclosures in the +inancial
statements. #he procedures selected depend on the auditor8s judgment0 including the assessment o+ the risks o+
material misstatement o+ the +inancial statements0 ,hether due to +raud or error. @n making those risk assessments0
the auditor considers internal control relevant to the Company8s preparation and +air presentation o+ the +inancial
statements in order to design audit procedures that are appropriate in the circumstances but not +or the purpose o+
eDpressing an opinion on the e++ectiveness o+ the entity8s internal control. n audit also includes evaluating the
appropriateness o+ accounting policies used and the reasonableness o+ the accounting estimates made by
management0 as ,ell as evaluating the overall presentation o+ the +inancial statements. Ee believe that the audit
evidence ,e have obtained is su++icient and appropriate to provide a basis +or our audit opinion.
$pinion
@n our opinion and to the best o+ our in+ormation and according to the eDplanations given to us0 the +inancial
statements give the in+ormation reHuired by the Companies ct0 1:;9 <>the ct?= in the manner so reHuired and
give a true and +air vie, in con+ormity ,ith the accounting principles generally accepted in @ndiaA
(1) in the case o+ the 'alance !heet0 o+ the state o+ a++airs o+ the Company as at 7ecember 310 /213B
(2) in the case o+ the !tatement o+ *ro+it and )oss0 o+ the pro+it +or the year ended on that dateB and
(3) in the case o+ the Cash $lo, !tatement0 o+ the cash +lo,s +or the year ended on that date.
(eport on $ther Le)a and (e)uator# (eJuirements
1. s reHuired by the Companies <uditor8s Report= Frder0 /223 <>the Frder?= issued by the Central
Government o+ @ndia in terms o+ sub-section <.= o+ section //4 o+ the ct0 ,e give in the nneDure a
statement on the matters speci+ied in paragraphs . and ; o+ the Frder.
.1
2. s reHuired by section //4<3= o+ the ct0 ,e report thatA
(1) Ee have obtained all the in+ormation and eDplanations ,hich to the best o+ our kno,ledge and belie+
,ere necessary +or the purpose o+ our auditB
(2) @n our opinion proper books o+ account as reHuired by la, have been kept by the Company so +ar as
appears +rom our eDamination o+ those booksB
(3) #he 'alance !heet0 !tatement o+ *ro+it and )oss0 and Cash $lo, !tatement dealt ,ith by this Report are
in agreement ,ith the books o+ accountB
(4) @n our opinion0 the 'alance !heet0 the !tatement o+ *ro+it and )oss0 and the Cash $lo, !tatement
comply ,ith the ccounting !tandards noti+ied under the Companies ct0 1:;9 read ,ith General
Circular 1;&/213 dated 13th !eptember /2130 issued by the Ministry o+ Corporate ++airs0 in respect o+
!ection 133 o+ the Companies ct0 /213B
(5) Fn the basis o+ ,ritten representations received +rom the directors as on 7ecember 310 /2130 and taken on
record by the 'oard o+ 7irectors0 none o+ the directors is disHuali+ied as on 7ecember 310 /2130 +rom being
appointed as a director in terms o+ clause <g= o+ sub-section <1= o+ section /4. o+ the Companiesct0 1:;9.
=or S,(,BATLIB$I & C$, LL&
@C@ $irm Registration No.A 321223"
Chartered ccountants
per (a-iv Go#a
*lace o+ !ignature A Gurgaon *artner
7ateA $ebruary 1/0 /21. Membership No.A :.;.:
./
Anne"ure referred to in para)raph 3 of our report of even date
(e* Bata India Limited BMthe Compan#NC
(9) <a= #he Company has maintained proper records sho,ing +ull particulars0 including Huantitative details
and situation o+ +iDed assets.
(2) $iDed assets have been physically veri+ied by the management during the year and no material
discrepancies ,ere identi+ied on such veri+ication.
(3) #here ,as no substantial disposal o+ +iDed assets during the year.
(35) <a= #he management has conducted physical veri+ication o+ inventory at reasonable intervals during the
year.
(2) #he procedures o+ physical veri+ication o+ inventory +ollo,ed by the management are reasonable
and adeHuate in relation to the siGe o+ the Company and the nature o+ its business.
(3) #he Company is maintaining proper records o+ inventory and no material discrepancies ,ere
noticed on physical veri+ication.
(61) <a= ccording to the in+ormation and eDplanations given to us0 the Company has not granted any loans0
secured or unsecured to companies0 +irms or other parties covered in the register maintained under
section 321 o+ the Companies ct0 1:;9. ccordingly0 the provisions o+ clause .<iii= <a= to <d= o+ the
Companies <uditor8s Report= Frder0 /223 <as amended= <the order= are not applicable to the
Company and hence not commented upon.
(2) ccording to the in+ormation and eDplanations given to us0 the Company has not taken any loans0
secured or unsecured +rom companies0 +irms or other parties covered in the register maintained
under section 321 o+ the Companies ct0 1:;9. ccordingly0 the provisions o+ clause .<iii= <e= to <g=
o+ the Companies <uditor8s Report= Frder0 /223 <as amended= <the order= are not applicable to the
Company and hence not commented upon.
(4) @n our opinion and according to the in+ormation and eDplanations given to us0 there is an adeHuate
internal control system commensurate ,ith the siGe o+ the Company and the nature o+ its business0 +or
the purchase o+ inventory and +iDed assets and +or the sale o+ goods and services. 7uring the course o+
our audit0 no major ,eakness has been noticed in the internal control system in respect o+ these areas.
7uring the course o+ our audit0 ,e have not observed any continuing +ailure to correct major ,eakness
in internal control system o+ the Company in respect o+ these areas.
(5) <a= @n our opinion0 there are no contracts or arrangements that need to be entered in the register maintained
under section 321 o+ the Companiesct0 1:;9. ccordingly0 the provisions o+ clause .<v=<b= o+ the
Frder is not applicable to the Company and hence not commented upon.
(6) @n respect o+ deposits accepted0 in our opinion and according to the in+ormation and eDplanations given
to us0 directives issued by the Reserve 'ank o+ @ndia and the provisions o+ sections ;60 ;6 or any
other relevant provisions o+ the Companies ct0 1:;9 and the rules +ramed there under0 to the eDtent
applicable0 have been complied ,ith. Ee are in+ormed by the management that no order has been
passed by the Company )a, 'oard0 National Company )a, #ribunal or Reserve 'ank o+ @ndia or any
Court or any other #ribunal.
.3
(7) @n our opinion0 the Company has an internal audit system commensurate ,ith the siGe o+ the company
and nature o+ its business.
(8) Ee have broadly revie,ed the books o+ account maintained by the Company pursuant to the rules made
by the Central Government +or the maintenance o+ cost records under section /2:<1=<d= o+ the
Companies ct0 1:;90 related to the manu+acture o+ shoes and are o+ the opinion that prima +acie0 the
prescribed accounts and records have been made and maintained.
(9) <a= #he Company is regular in depositing ,ith appropriate authorities undisputed statutory dues including
provident +und0 investor education and protection +und0 employees8 state insurance0 income-taD0
sales-taD0 ,ealth-taD0 service taD0 customs duty0 eDcise duty0 cess and other material statutory dues
applicable to it.
(2) ccording to the in+ormation and eDplanations given to us0 no undisputed dues payable in respect
o+ provident +und0 investor education and protection +und0 employees8 state insurance0 income-taD0
,ealth-taD0 service taD0 sales-taD0 customs duty0 eDcise duty0 cess and other material statutory dues
,ere outstanding0 at the year end0 +or a period o+ more than siD months +rom the date they became
payable.
(3) ccording to the records o+ the Company0 the dues outstanding o+ income-taD0 sales-taD0 ,ealth-
taD0 service taD0 customs duty0 eDcise duty and cess on account o+ any dispute0 are as +ollo,sA
Name of the Nature of dues Amount &eriod to =orum Ehere
statute B(s, miionC Ehich the dispute is
amount reates pendin)
%arious !tate *urchase #aD 7ispute at 9./ 1:6.-6; !upreme Court
!ales #aD cts $aridabad
%arious !tate Revenue recovery against ..3 1::.-:; !##0 Kerala
!ales #aD cts non-payment o+ demand 1::6-::
in assessment 1:::-22
/222-21
%arious !tate #aD in dispute u&s :/ o+ /.6 1::1-:/ 5igh Court0 U*
!ales #aD cts Central !ales #aD ct
regarding non-submission
o+ +orms
%arious !tate Misclassi+ication o+ rticle :.96 /22;-29 to %# #aD #ribunal0
!ales #aD cts +or %# *ayment /229-24 Kerala
Central "Dcise "Dcise 7uty demand on 1.;2 1:64-66 C"!##-Kolkata
ct0 1:.. closing balance o+
eDempted +oot,ear.
Central "Dcise 7uty demanded +or sale 4.23 1::4-1::: Commissioner o+
ct0 1:.. o+ +oot,ear at domestic Central "Dcise0
tari++ area o+ ,hich +inal Chennai
hearing be+ore commissioner
concluded and order is
pending
..
Name of the Nature of dues Amount &eriod to =orum Ehere
statute B(s, miionC Ehich the dispute is
amount reates pendin)
Karnataka 7isallo,ance o+ adjustment o+ /.6 /22;-29 to Joint Commissioner
!ales #aD ct unclaimed taD credit /226-2: ppeals
Central "Dcise 7isallo,ance +or trade /.4; 1::;-:4 C"!##-Chennai
ct0 1:.. discount +or sale o+
+oot,ear to retail outlet
Central "Dcise "Dcise duty demanded +or 1;.;9 /22.-2; C"!##-Kolkata
ct0 1:.. movement o+ ra, material /22;-29
to job ,orker ,ithout
payment o+ duty
Central "Dcise 7isallo,ing o+ abatement :.22 /224 C"!##0 Kolkata
ct01:.. C .2Q on MR* +or /226
@nstitutional !ales. !ale o+ /22:
@ndustrial 'oots ( Mines /212
!a+ety 'oots.
Central "Dcise Non compliance o+ the /1..6 July /22. to C"!##0 Kolkata
ct0 1:.. condition o+ the noti+ication Jan /226
+or marking MR* on +actory
seconds cleared on payment
o+ appropriate C." duty.
Central "Dcise "Dclusion o+ sales taD 3.22 ugust /22. to C"!##0 Kolkata
ct0 1:.. C 6Q +or payment o+ an Jan /226
amount eHual to 6Q &12Q
on eDempted +oot,ear as
per CCR 9<3=<b=.
$inance ct0 7isallo,ance o+ !ervice taD ..3. /229-/212 Commissioner o+
1::. Credit on input service Central "Dcise0
availed +or out,ard Kolkata
transportation
Customs ct0 7uty demand on account o+ 12.3. /221 C"!##-Kolkata
1:./ short levy o+ customs duty
<anti dumping duty= +or ,hich
hearing be+ore commissioner
concluded and the order
received.
$inance ct0 vailment o+ ,rong input 69./ pril /226 to C"!##0 Chennai
1::. service taD credit May /21/
.;
Name of the Nature of dues Amount &eriod to =orum Ehere
statute B(s, miionC Ehich the dispute is
amount reates pendin)
Customs ct0 Erong availment o+ 61./2 1::6-/223 C"!##-Kolkata
1:./ concessional rate o+ customs
duty etc. against ,hich
the hearing has not
+inaliGed as yet
@ncome #aD !hort term capital gains /32.;; /224-26 5igh Court0 Kolkata
ct0 1:91
@ncome #aD 7isallo,ance o+ certain 13.94 /226-2: Commissioner o+
ct0 1:91 eDpenditure <.M. /22:-12= @ncome taD <ppeal=
(10) #he Company has no accumulated losses at the end o+ the +inancial year and it has not incurred cash
losses in the current and immediately preceding +inancial year.
(11) #he Company has neither taken any loan +rom +inancial institution or banks nor issued any debentures0
there+ore the provisions o+ clause .<Di= o+ the Frder not applicable0 hence not commented upon.
(12) ccording to the in+ormation and eDplanations given to us and based on the documents and records
produced to us0 the Company has not granted loans and advances on the basis o+ security by ,ay o+
pledge o+ shares0 debentures and other securities.
(13) @n our opinion0 the Company is not a chit +und or a nidhi & mutual bene+it +und & society. #here+ore0 the
provisions o+ clause .<Diii= o+ the Frder are not applicable to the Company.
(14) @n our opinion0 the Company is not dealing in or trading in shares0 securities0 debentures and other
investments. ccordingly0 the provisions o+ clause .<Div= o+ the Frder are not applicable to the Company.
(15) ccording to the in+ormation and eDplanations given to us0 the Company has not given any guarantee +or
loans taken by others +rom bank or +inancial institutions.
(16) #he Company did not have any term loans outstanding during the year.
(17) ccording to the in+ormation and eDplanations given to us and on an overall eDamination o+ the balance
sheet o+ the Company0 ,e report that no +unds raised on short-term basis have been used +or long-term
investment.
(18) #he Company has not made any pre+erential allotment o+ shares to parties or companies covered in the
register maintained under section 321 o+ the Companiesct0 1:;9.
(19) #he Company did not have any outstanding debentures during the year.
(20) #he company has not raised any money by ,ay o+ public issue during the year.
.9
(21) 7uring the course o+ our eDamination o+ the books and records o+ the Company0 carried out in accordance
,ith the generally accepted auditing practices in @ndia0 and according to the in+ormation and eDplanations
given to us0 ,e have neither come across any instance o+ material +raud on or by the Company0 noticed or
reported during the year0 nor have ,e been in+ormed o+ any such case by the management.
=or S,(, Bati?oi & Co, LL&
@C@ $irm Registration No.A 321223"
Chartered ccountants
per (a-iv Go#a
*lace o+ !ignature A Gurgaon *artner
7ateA $ebruary 1/0 /21. Membership No.A :.;.:
.4
BATA INDIA LIMITED
BALANCE S;EET AS AT 32ST DECEMBE(, 9123
Notes As at s at
32,29,9123
31.1/./2
1/
(s, miions
Rs.
millions
EG5IT: AND LIABILITIES
Sharehoders6 funds
!hare capital 3 +79,+7 9./.9.
Reserves and surplus . 0,0+0,30 90392.99
8,721,12 40223.32
Non/current ia?iities
#rade payables ; 0A9,0@ ;91.12
0A9,0@ ;91.12
Current ia?iities
#rade payables ; 9,8+2,37 /016;.6:
Fther current liabilities ; 80+,+3 4;:.2.
!hort-term provisions 9 88+,00 4:..::
7,+97,07 3043:.:/
Tota 23,890,@1
11032..3
/
ASSETS
Non/current assets
$iDed assets
#angible assets 4 9,7@7,77 /0.29.4/
@ntangible assets 6 0,A2 9.44
Capital ,ork-in-progress 930,10 161.14
Non-current investments : 78,@2 .6.;1
7e+erred taD assets <net= 12 +81,0A ..3.;:
)ong-term loans and advances 11 2,283,@0 ::;.36
7,+29,9A .026/.1.
Current assets
@nventories 1/ @,89+,A7 .09/2.:3
#rade receivables 13.1 @1A,91 ..:..4
Cash and bank balances 1. 9,@@0,9@ 10641.21
!hort-term loans and advances 11 99+,73 /1/..3
Fther current assets 13./ A@,3A 96.3.
A,92@,92 40///.16
Tota 23,890,@1
11032..3
/
!ummary o+ signi+icant accounting policies /.1
The accompan#in) notes are an inte)ra part of the financia
statements
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL& (an-it Mathur (a-eev Gopaa'rishnan
@C@ $irm Registration No.A 321223" 7irector $inance Managing 7irector
Chartered ccountants 7@NA 23;;1/:1
7@NA
23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.:
Mao# .umar
Gupta
5da#
.hanna
*lace A Gurgaon
Company
!ecretary Chairman
7ate A $ebruary 1/0 /21.
7@NA
2224:1/:
.6
BATA INDIA LIMITED
STATEMENT $= &($=IT AND L$SS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
Not
es
:ear
ended
Mear
ended
32,29,91
23 31.1/./21/
(s,
miions
Rs.
millions
Income
Revenue +rom operations <gross= 1;
91,A87,1
+ 160414.;.
)essA eDcise duty
339,
39 /:3.21
Revenue +rom operations <net=
91,+@2,0
7 160./..;3
Fther income 19
323,
78 /::.;/
Tota revenue
91,A+@,9
9 1604/..2;
E"penses
Cost o+ ra, material and components consumed 14 3,37@,8+ /0:;/.1:
*urchase o+ traded goods 16 0,398,++ 903/3.21
<@ncrease=& decrease in inventories o+ +inished
goods0
,ork-in-progress and traded goods 16
B2,28+,1@
C <;:..44=
"mployee bene+its eDpense 1: 9,233,29 10:;:.33
Fther eDpenses /2 @,822,++ ;02.2.;6
7epreciation and amortiGation eDpense /1
@A0,0
9 ;/2.93
)essA recoupment +rom revaluation reserve
B@,0@
C <9.66=
Net depreciation and amortiGation eDpense
@A2,
A0 ;13.4;
$inance costs //
29,A
A 12.3/
"Dceptional item /3
211,
00 P
Tota E"penses
28,238,A
8 190/2...1
&rofit ?efore ta" 9,89+,97 /0;1:.9.
Ta" e"penses
Current taD
*ertaining to pro+it&<loss= +or the current year 2,2@+,12 :26..3
djustment o+ taD relating to earlier years D <3.36=
7e+erred taD <credit=&charge B930,91C <121...=
Tota ta" e"penses
A28,
82 623.91
&rofit for the #ear 2,A10,73 10419.23
Earnin)s per eJuit# share Hnomina vaue of
share (s,21 B&revious #ear* (s,21CI /.
Earnin)s per share B?asic & diutedC B(s,C
9A,+
8 /9.42
!ummary o+ signi+icant accounting policies /.1
The accompan#in) notes are an inte)ra part of the financia
statements
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL&
(an-it
Mathur (a-eev Gopaa'rishnan
@C@ $irm Registration No.A 321223"
7irector
$inance Managing 7irector
Chartered ccountants
7@NA
23;;1/:1 7@NA 23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.:
Mao# .umar
Gupta 5da# .hanna
*lace A Gurgaon
Company
!ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
.:
BATA INDIA LIMITED
CAS; =L$% STATEMENT =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
:ear ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
CAS; =L$% =($M $&E(ATING ACTI4ITIES
*ro+it be+ore taD 9,89+,97 /0;1:.9.
Non/cash ad-ustment to reconcie profit ?efore ta" to net cash foEs
7epreciation&amortiGation <net= @A2,A0 ;13.4;
)iabilities no longer reHuired ,ritten back B9,02C <31.3.=
)ease rent straightlining 973,2+ 193.:;
)oss on 7isposal o+ $iDed ssets <net= 38,08 1/.66
*rovision +or 7oubt+ul 7ebts ( dvances 29,9@ 11./;
UnrealiGed +oreign eDchange gain D <2.26=
@nterest eDpense 29,AA 12.3/
@nterest income B283,91C <1/6./6=
Fperating pro+it be+ore ,orking capital changes 3,@3A,78 3024/.2:
Movements in ,orking capital A
@ncrease&<decrease= in trade payables +08,2+ ..3.;9
@ncrease & <decrease= in long-term provisions D </19./.=
@ncrease & <decrease= in short-term provisions A,9@ /1;.6.
@ncrease&<decrease= in other current liabilities B290,7@C <34.;3=
@ncrease& <decrease= in other long-term trade payables 932,+@ 1;1.;9
7ecrease&<increase= in trade receivables B@A,03C <13;.;.=
7ecrease&<increase= in inventories B2,91+,19C <424.41=
7ecrease & <increase= in long-term loans and advances B29@,7+C <1:3.66=
7ecrease & <increase= in short-term loans and advances B9+,9@C .;.99
7ecrease&<increase= in other current assets +,92 <;.33=
Cash generated +rom &<used in= operations 9,A2A,87 /093/..6
7irect taDes paid <net o+ re+unds= B2,217,@@C <469.:4=
Net cash foE from! Bused inC operatin) activities BAC 2,82@,9A 106.;.;1
;2
BATA INDIA LIMITED
CAS; =L$% STATEMENT =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
:ear ended
Mear
ended
32,29,9123
31.1/./2
1/
(s, miions
Rs.
millions
CAS; =L$%S =($M IN4ESTING ACTI4ITIES
*urchase o+ +iDed assets0 including intangible assets0 CE@*
and
capital advances B820,97C <6;9.6;=
*roceeds +rom sale o+ +iDed assets 31,21 1:./:
@nvestments in bank deposits <having original maturity o+ more than three
months= B7AA,AAC <;.2.21=
@nterest received 291,39 6:.63
Net cash foE from!Bused inC investin) activities BBC B2,2++,82C
<10/64.4
.=
CAS; =L$%S =($M =INANCING ACTI4ITIES
@nterest paid B29,AAC <12.3/=
7ividend paid on eHuity shares B383,02C <36..39=
#aD on eHuity dividend paid B+@,@3C <91.;9=
Net cash foE from!Bused inC in financin) activities BCC B7+9,93C <.;9./.=
Net increase&<decrease= in cash and cash eHuivalents < T ' T C= 28+,9@ 121.;3
Cash and cash eHuivalents at the beginning o+ the year 39+,03 //;./2
Cash and cash eJuivaents at the end of the #ear @29,A8 3/9.43
Components of cash and cash eJuivaents
Cash on hand 08,A8 31.;1
Eith banks- on current ( cash credit accounts 799,37 /66.34
-
- unpaid dividend accountsR 22,++ 9.43
-
- unpaid matured depositsR D 2.1/
Tota cash and cash eJuivaents Bnote 27C @29,A8 3/9.43
!ummary o+ signi+icant accounting policies
9,
2
R#he company can utiliGe these balances only to,ards settlement o+ the respective unpaid dividend and unpaid
matured deposits
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL& (an-it Mathur
(a-eev
Gopaa'rishnan
@C@ $irm Registration No.A 321223" 7irector $inance Managing 7irector
Chartered ccountants 7@NA 23;;1/:1 7@NA 23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.: Mao# .umar Gupta 5da# .hanna
*lace A Gurgaon Company !ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
;1
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
1. C$(&$(ATE IN=$(MATI$N
'ata @ndia )imited is a public company domiciled in @ndia and incorporated under the provisions o+ #he
@ndian Companies ct0 1:13. @ts shares are listed on !tock eDchanges in @ndia. 'ata @ndia )imited is
primarily engaged in the business o+ manu+acturing and trading o+ +oot,ear and accessories through its
retail and ,holesale net,ork.
2. BASIS $= &(E&A(ATI$N
#he +inancial statements have been prepared to comply in all material respects ,ith the ccounting
!tandard noti+ied under Companies ct0 1:;9 read ,ith General Circular 1;&/213 dated 13th !eptember
/2130 issued by the Ministry o+ Corporate ++airs0 in respect o+ section 133 o+ the Companies ct0 /213.
#he +inancial statements have been prepared under the historical cost convention on an accrual basis
eDcept in case o+ assets +or ,hich provision +or impairment is made and revaluation is carried out.
#he accounting policies have been consistently applied by the Company and are consistent ,ith those
used in the previous year.
9,2 Summar# of si)nificant accountin) poicies
1. 5se of estimates
#he preparation o+ +inancial statements in con+ormity ,ith generally accepted accounting principles
reHuires management to make estimates and assumptions that a++ect the reported amounts o+ assets and
liabilities and disclosure o+ contingent liabilities at the date o+ the +inancial statements and the results o+
operations during the reporting period. lthough these estimates are based upon management8s best
kno,ledge o+ current events and actions0 actual results could di++er +rom these estimates.
2. Investments
@nvestments that are readily realisable and intended to be held +or not more than a year are classi+ied as
current investments. ll other investments are classi+ied as long-term investments. Current investments
are carried at lo,er o+ cost and +air value determined on an individual investment basis. )ong-term
investments are carried at cost. 5o,ever0 provision +or diminution in value is made to recognise a decline
other than temporary in the value o+ long term investments.
3. =i"ed Assets
$iDed ssets are stated at cost o+ acHuisition <or revalued amounts0 as the case may be= less
accumulated depreciation and impairment losses0 i+ any. Cost comprises the purchase price and any
attributable cost o+ bringing the asset to its ,orking condition +or its intended use. @n case o+ revaluation o+
+iDed assets0 the revalued amount as determined by the valuer0 is considered in the books o+ account and
the di++erential amount is trans+erred to Revaluation Reserve. 7epreciation on the revalued amount is
trans+erred +rom Revaluation Reserve to !tatement o+ pro+it and loss.
Gains or losses arising +rom de-recognition o+ +iDed assets are measured as the di++erence bet,een the
net disposal proceeds and the carrying amount o+ the asset and are recogniGed in the statement o+ pro+it
and loss ,hen the asset is de-recogniGed.
4. Depreciation
1. $iDedssets costing belo, Rs. ;0222 are +ully depreciated in the year o+ acHuisition.
2. )ease hold improvements <)5@= included under building and +urniture ( +iDtures are amortised on
straight line basis over the period o+ lease or use+ul li+e <not eDceeding : years=0 ,hichever is lo,er.
;/
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
3. 7epreciation on Fther $iDed ssets is provided on Eritten 7o,n %alue method at the rates based
on the estimated use+ul li+e o+ the assets0 estimated by the management ,hich is in accordance ,ith
the rates speci+ied in !chedule N@% o+ the Companiesct0 1:;9.
4. 7epreciation on +iDed assets added&disposed o++ during the year is provided on pro-rata basis ,ith
respect to date o+ acHuisition& disposal.
5. Impairment
1. #he carrying amounts o+ assets are revie,ed at each balance sheet date i+ there is any indication o+
impairment based on internal&eDternal +actors. n impairment loss is recogniGed ,herever the
carrying amount o+ an asset eDceeds its recoverable amount. #he recoverable amount is the greater
o+ the asset8s net selling price and value in use. @n assessing value in use0 the estimated +uture cash
+lo,s are discounted to their present value using a pre taD discount rate that re+lects current market
assessments o+ the time value o+ money and risk speci+ic to the asset.
2. +ter impairment0 depreciation is provided on the revised carrying amount o+ the asset over its
remaining use+ul li+e.
6. Inventories
Ra, materials0 components0 stores and spares are valued at lo,er o+ cost and net realiGable value.
5o,ever0 ra, materials and other items held +or use in the production o+ inventories are not ,ritten do,n
belo, cost i+ the +inished products in ,hich they ,ill be incorporated are eDpected to be sold at or above
cost. Cost is determined on a ,eighted average basis.
Eork in progress and +inished goods are valued at lo,er o+ cost and net realiGable value. Cost includes
direct materials and labour and a proportion o+ manu+acturing overheads based on normal operating
capacity. Cost o+ +inished goods includes eDcise duty. Cost is determined on a ,eighted average basis.
Cost o+ traded goods includes purchase and allied costs incurred to bring inventory to its present
condition and location0 determined on $@$F basis.
Net realiGable value is the estimated selling price in the ordinary course o+ business0 less estimated costs
o+ completion and estimated costs necessary to make the sale.
7. (evenue (eco)nition
Revenue is recogniGed to the eDtent that it is probable that the economic bene+its ,ill +lo, to the
Company and the revenue can be reliably measured.
1. Sae of Goods*
Revenue is recogniGed ,hen the signi+icant risks and re,ards o+ o,nership o+ goods have passed
to the buyer0 ,hich generally coincides ,ith delivery. @t includes eDcise duty but eDcludes value
added taD&sales taD. "Dcise 7uty deducted +rom turnover <gross= is the amount that is included in
the amount o+ turnover <gross= and not the entire amount o+ liability that arose during the year.
2. Interest*
Revenue is recognised on a time proportion basis taking into account the amount outstanding and
the rate applicable.
3. E"port Benefits*
"Dport "ntitlements in the +orm o+ 7uty 7ra,back. 7uty "ntitlement *ass 'ook <7"*'= and other
schemes are recogniGed in the !tatement o+ pro+it and loss ,hen the right to receive credit as per
the terms o+ the scheme is established in respect o+ eDports made and ,hen there is no signi+icant
uncertainty regarding the ultimate collection o+ the relevant eDport proceeds.
;3
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
8. =orei)n Currenc# Transactions
1. Initia (eco)nition
$oreign currency transactions are recorded in the reporting currency0 by applying to the +oreign
currency amount the eDchange rate bet,een the reporting currency and the +oreign currency at the
date o+ the transaction.
2. Conversion
$oreign currency monetary items are reported using the closing rate. Non-monetary items ,hich are
carried in terms o+ historical cost denominated in a +oreign currency are reported using the eDchange
rate at the date o+ the transaction.
3. E"chan)e Differences
"Dchange di++erences arising on the settlement o+ monetary items or on reporting company8s monetary
items at rates di++erent +rom those at ,hich they ,ere initially recorded during the year0 or reported in
previous +inancial statements0 are recognised as income or eDpenses in the year in ,hich they arise.
4. =orEard e"chan)e contracts entered into to hed)e forei)n currenc# ris' of an e"istin) asset!
ia?iit#
#he premium or discount arising at the inception o+ +or,ard eDchange contract is amortiGed and
recogniGed as an eDpense& income over the li+e o+ the contract. "Dchange di++erences on such
contracts0 eDcept the contracts ,hich are long-term +oreign currency monetary items0 are recogniGed
in the statement o+ pro+it and loss in the period in ,hich the eDchange rates change. ny pro+it or
loss arising on cancellation or rene,al o+ such +or,ard eDchange contract is also recogniGed as
income or eDpense +or the period.
9. Government Grants and Su?sidies
Grants and subsidies +rom the government are recogniGed ,hen there is reasonable assurance that the
grant&subsidy ,ill be received and all attaching conditions ,ill be complied ,ith.
Ehen the grant or subsidy relates to an eDpense item0 it is recogniGed as income over the periods
necessary to match them on a systematic basis to the costs0 ,hich it is intended to compensate. Ehere
the grant or subsidy relates to an asset0 its value is deducted +rom the gross value o+ the assets
concerned in arriving at the carrying amount o+ the related asset.
Government grants in the +orm o+ non-monetary assets given at a concessional rate are accounted +or on
the basis o+ their acHuisition cost.
10. BorroEin) Cost
'orro,ing costs that are directly attributable to the acHuisition or construction o+ Uuali+ying ssets0 ,hich
take substantial period o+ time to get ready +or its intended use are capitaliGed until the time all substantial
activities necessary to prepare such assets +or their intended use are complete. Fther 'orro,ing costs
are recogniGed as an eDpense in the year in ,hich they are incurred.
11. Se)ment (eportin) &oicies
1. Identification of Se)ments*
&rimar# Se)ment
Business Se)ment*
#he Company8s operating businesses are organiGed and managed separately according to the
nature o+ products0 ,ith each segment representing a strategic business unit that o++ers di++erent
products and serves di++erent markets. #he identi+ied segments are $oot,ear ( ccessories and
@nvestment in erst,hile Joint %enture +or !urplus *roperty 7evelopment.
;.
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
Secondar# Se)ment
Geo)raphica Se)mentA
#he analysis o+ geographical segment is based on the geographical location o+ the customers. #he
geographical segments considered +or disclosure are as +ollo,sA
!ales ,ithin @ndia include sales to customers located ,ithin @ndia.
!ales outside @ndia include sales to customers located outside @ndia.
2. Aocation of Common Costs*
Common allocable costs are allocated to each segment according to the relative contribution o+
each segment to the total common costs.
3. 5naocated Items *
@ncludes general corporate income and eDpense items ,hich are not allocated to any business
segment.
4. Se)ment &oicies *
#he Company prepare its segment in+ormation in con+ormity ,ith the ccounting *olicies adopted
+or preparing and presenting the $inancial !tatement o+ the company as a ,hole.
12. Intan)i?e Assets
1. Computer SoftEare AcJuired for Interna 5se
Costs relating to computer so+t,are ,hich is acHuired are capitaliGed and amortiGed on a straight-
line basis over its use+ul li+e o+ ; years.
2. (esearch and Deveopment Costs
Research costs are eDpensed as incurred. 7evelopment eDpenditure incurred on an individual
project is carried +or,ard ,hen its +uture recoverability can reasonably be regarded as assured. ny
eDpenditure carried +or,ard is amortised over the period o+ eDpected +uture sales +rom the related
project0 not eDceeding ten years.
#he carrying value o+ development cost is revie,ed +or impairment annually ,hen the asset is not
yet in use0 and other,ise ,hen events or changes in circumstances indicate that the carrying value
may not be recoverable.
13. (etirement and $ther Empo#ee Benefits
i Gratuity liability is de+ined bene+it obligation and is provided +or on the basis o+ an actuarial valuation on
projected unit credit method0 at each year end. #he liability so provided is represented substantially by
creation o+ separate +unds and is used to meet the liability as and ,hen it accrues +or payment in +uture.
2. #he *rovident $und <administered by a #rust= is a de+ined bene+it scheme ,here by the Company
deposits an amount determined as a +iDed percentage o+ basic pay to the +und every month. #he
bene+it vests upon commencement o+ employment. #he interest credited to the accounts o+ the
employees is adjusted on an annual basis to con+irm to the interest rate declared by the government
+or the "mployees *rovident $und. #he Guidance Note on implementing !-1;0 "mployee 'ene+its
<revised /22;= states that provident +unds set up by employers0 ,hich reHuires interest short+all to
be met by the employer0 needs to be treated as de+ined bene+it plan. #he ctuarial !ociety o+ @ndia
has issued the +inal guidance +or measurement o+ provident +und liabilities. #he Company has
adopted actuary valuation to arrive at provident +und liability as at 31st 7ecember0 /213.
;;
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
3. !hort term compensated absences are provided on estimated basis. )ong term compensated
absences are provided +or based on actuarial valuation on projected unit credit method carried by an
actuary0 at each year end.
ccumulated leave0 ,hich is eDpected to be utiliGed ,ithin the neDt 1/ months0 is treated as short-
term employee bene+it. #he company measures the eDpected cost o+ such absences as the
additional amount that it eDpects to pay as a result o+ the unused entitlement that has accumulated
at the reporting date.
#he company treats accumulated leave eDpected to be carried +or,ard beyond t,elve months0 as
long-term employee bene+it +or measurement purposes. !uch long-term compensated absences are
provided +or based on the actuarial valuation using the projected unit credit method at the year-end.
ctuarial gains&losses are immediately taken to the statement o+ pro+it and loss and are not de+erred.
#he company presents the leave as a current liability in the balance sheet0 to the eDtent it does not
have an unconditional right to de+er its settlement +or 1/ months a+ter the reporting date.
4. Retirement bene+its in the +orm o+ *ension cost is a de+ined contribution scheme and the
contributions are charged to the !tatement o+ pro+it and loss +or the year ,hen the contributions to
the respective +unds are due. #here are no other obligations other than the contribution payable to
the respective trusts.
5. ctuarial gains&losses are immediately taken to !tatement o+ pro+it and loss and are not de+erred.
6. "Dpenses incurred to,ards voluntary retirement scheme are charged to the statement o+ pro+it and
loss in the year such scheme is accepted by the employees&,orkers.
14. Leases
)eases ,here the lessor e++ectively retains substantially all the risks and bene+its o+ o,nership o+ the
leased term0 are classi+ied as operating leases. Fperating lease payments are recogniGed as an eDpense
in the !tatement o+ pro+it and loss on a straight-line basis over the lease term.
15. Ta"es on Income
#aD eDpense comprises o+ current and de+erred taD. Current income taD is measured at the amount
eDpected to be paid to the taD authorities in accordance ,ith the @ndian @ncome #aD ct0 1:91 enacted in
@ndia. 7e+erred income taDes re+lects the impact o+ current year timing di++erences bet,een taDable
income and accounting income +or the year and reversal o+ timing di++erences o+ earlier years.
7e+erred taD is measured based on the taD rates and the taD la,s enacted or substantively enacted at the
'alance !heet date. 7e+erred taD assets and de+erred taD liabilities are o++ set0 i+ a legally en+orceable
right eDists to set o++ current taD assets against current taD liabilities and the de+erred taD assets and
de+erred taD liabilities relate to the taDes on @ncome levied by the same governing taDation la,s. 7e+erred
taD assets are recognised only to the eDtent that there is reasonable certainty that su++icient +uture taDable
income ,ill be available against ,hich such de+erred taD assets can be realised.
#he carrying amount o+ de+erred taD assets are revie,ed at each balance sheet date. #he Company ,rites-
do,n the carrying amount o+ a de+erred taD asset to the eDtent that it is no longer reasonably certain or virtually
certain0 as the case may be0 that su++icient +uture taDable income ,ill not be available against ,hich de+erred
taD asset can be realised. ny such ,rite-do,n is reversed to the eDtent that it becomes reasonably certain or
virtually certain0 as the case may be0 that su++icient +uture taDable income ,ill be available
16. &rovisions
provision is recognised ,hen there is a present obligation as a result o+ past event and it is probable
that an out+lo, o+ resources ,ill be reHuired to settle the obligation0 in respect o+ ,hich a reliable estimate
can be made. *rovisions are not discounted to its present value and are determined based on best
estimate reHuired to settle the obligation at the balance sheet date. #hese are revie,ed at each balance
sheet date and adjusted to re+lect the current best estimates.
;9
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
17. Earnin)s &er Share BBasic & DiutedC
'asic earnings per share are calculated by dividing the net pro+it or loss +or the year attributable to eHuity
shareholders by the ,eighted average number o+ eHuity shares outstanding during the year. *artly paid eHuity
shares are treated as a +raction o+ an eHuity share to the eDtent that they ,ere entitled to participate in
dividends relative to a +ully paid eHuity share during the reporting year. #he ,eighted average number o+ eHuity
shares outstanding during the year is adjusted +or events o+ bonus issue0 bonus element in a rights issue to
eDisting shareholders0 share split and reverse share split <consolidation o+ shares=.
$or the purpose o+ calculating diluted earnings per share0 the net pro+it or loss +or the year attributable to
eHuity shareholders and the ,eighted average number o+ shares outstanding during the year are adjusted
+or the e++ects o+ all dilutive potential eHuity shares.
18. Cash and cash eJuivaents
Cash and cash eHuivalents +or the purposes o+ cash +lo, statement comprise cash at bank and in hand
and short-term investments ,ith an original maturity o+ three months or less.
3, S;A(E CA&ITAL
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
AuthoriLed shares
4202220222 <*revious yearA 4202220222= eHuity shares o+ Rs.12&- each 011,11 422.22
Issued sharesO
9.0/6;0222 <*revious yearA 9.0/6;0222= eHuity shares o+ Rs. 12&-each +79,8@ 9./.6;
Su?scri?ed and fu# paid/up shares
9.0/930442 <*revious yearA 9.0/930442= eHuity shares o+ Rs.12&- each +79,+7 9./.9.
Tota issued, su?scri?ed and fu# paid/up share capita +79,+7 9./.9.
OShares hed in a?e#ance
/10/32 <*revious yearA /10/32= eHuity shares o+ Rs. 12 each ,ere held in abeyance on account o+
pending adjudication o+ the shareholders8 right to receive those shares & inability o+ depository to establish
o,nership rights.
1. (econciiation of the shares outstandin) at the ?e)innin) and at the end of the reportin) #ear
EJuit# shares
As at 32,29,9123 s at 31.1/./21/
No, of Shares
(s,
miions No. o+ !hares
Rs.
millions
t the beginning o+ the year +7,9+3,001 +79,+7 9.0/930442 9./.9.
Futstanding at the end o+ the year +7,9+3,001 +79,+7 9.0/930442 9./.9.
2. Terms!ri)hts attached to eJuit# shares
#he Company has only one class o+ eHuity shares having a par value o+ Rs.12 per share. "ach
holder o+ eHuity shares is entitled to one vote per share. #he Company declares and pays dividends
in @ndian rupees. #he dividend proposed by the 'oard o+ 7irectors is subject to the approval o+ the
shareholders in the ensuing nnual General Meeting.
7uring the year0 the amount o+ per share dividend recogniGed as distributions to eHuity shareholders
,as Rs.9.;2 <*revious yearA Rs.9.22=.
@n the event o+ liHuidation o+ the Company0 the holders o+ eHuity shares ,ill be entitled to receive
remaining assets o+ the Company0 a+ter distribution o+ all pre+erential amounts. #he distribution ,ill
be in proportion to the number o+ eHuity shares held by the shareholders.
;4
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
3. Shares hed ?# hodin) compan#
Fut o+ eHuity shares issued by the Company0 shares held by its holding company are as belo,A
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Bata BBNC B,4,, Amsterdam, The Netherands,
the hodin) compan#
3.023/04;4 <*revious yearA 330./.0122= eHuity shares o+
Rs.12&- each +ully paid 371,33 33../.
4. Detais of sharehoders hodin) more than @K shares in the Compan#
As at 32,29,9123 s at 31.1/./21/
No, of Shares K ;odin) No. o+ !hares
Q
5olding
in the
cass
in the
class
EJuit# shares of (s,21 each
fu# paid
'ata <'N= '.%.0 msterdam0 #he
Netherlands0 the holding company 37,139,0@0 @9,A+K 330./.0122 ;/.21Q
;6
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
7, (ESE(4ES AND S5(&L5S
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Securities premium account
'alance as per the last +inancial statements @12,3+ ;21.39
Cosin) ?aance @12,3+ ;21.39
(evauation reserve
'alance as per the last +inancial statements 988,@@ /:9./1
)essA used on sold& discarded +iDed assets B3,9AC <2.46=
)essA amount trans+erred to the statement o+
pro+it and loss as reduction +rom depreciation B@,0@C <9.66=
Cosin) ?aance 90A,@2 /66.;;
Genera reserve
'alance as per the last +inancial statements A12,09 432.1/
ddA amount trans+erred +rom surplus balance in the
statement o+ pro+it and loss 2A1,07 141.92
Cosin) ?aance 2,1A9,7+ :21.4/
Surpus in the statement of profit and oss
'alance as per last +inancial statements 7,++A,13 30;4/.43
*ro+it +or the year 2,A10,73 10419.23
mount available +or appropriations +,@0+,7+ ;0/66.49
)essA ppropriations
*roposed +inal eHuity dividend <amount per share Rs.9.;2
<*revious yearA Rs. 9.22== B720,02C <36;.;6=
#aD on proposed eHuity dividend <@ncluding Rs./.:6 millions
<*revious year Rs. N@)= +or previous year= B03,A0C <9/.;;=
#rans+er to general reserve B2A1,07C <141.92=
#otal appropriations B+89,79C <91:.43=
Net surpus in the statement of profit and oss @,8A7,17 .099:.23
Tota reserves and surpus 0,0+0,30 90392.99
;:
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
5. T(ADE &A:ABLES AND $T;E( LIABILITIES
Current Non/current
As at s at As at s at
32,29,912
3 31.1/./21/
32,29,912
3 31.1/./21/
(s,
miions
Rs.
millions
(s,
miions
Rs.
millions
#rade payables <including acceptances=
<re+er note 3. +or details o+ dues to micro
and small enterprises= 9,8+2,37 /016;.6: 0A9,0@ ;91.12
$ther ia?iities
*ayable +or capital goods 2A+,9+ 1:3.62 D P
dvance +rom customers 7@,10 12.32 D P
Unearned revenue 3,78 1.;6 D P
@nvestor education and protection $und
,ill be credited by +ollo,ing amounts
<as and ,hen due=A
Unpaid dividend 8,+1 9.43 D P
Unpaid matured deposits D 2.93 D P
FthersA
7eposit +rom agents and +ranchisees 311,A1 /94..6 D P
!tatutory dues 399,39 /46.;/ D P
80+,+3 4;:.2. D P
3,030,A0 /0:...:3 0A9,0@ ;91.12
+, &($4ISI$NS
Short/term Lon)/term
As at s at As at s at
32,29,912
3 31.1/./21/
32,29,912
3 31.1/./21/
(s,
miions
Rs.
millions
(s,
miions
Rs.
millions
&rovision for empo#ee ?enefits
*rovision +or leave bene+its 31,@+ 31.49 D P
31,@+ 31.49 D P
$ther provisions
*rovision +or ,arranties 29,10 6.2; D P
*rovision +or contingencies 997,02 /16./4 D P
*rovision +or taDation <net= 231,03 66.46 D P
*roposed eHuity dividend 720,02 36;.;6 D P
*rovision +or taD on proposed eHuity
dividend 01,AA 9/.;; D P
8@+,92 493./3 D D
88+,00 4:..:: D P
92
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
&rovision for Earranties
#he ,arranty claim provision covers the eDpenses relating to the cost o+ products sold. *rovision in
respect o+ ,arranties is made on the basis o+ valuation carried out by an independent actuary as at year
end. @t is eDpected that cost ,ill be incurred over the ,arranty period as per the ,arranty terms.
As at s at
32,29,9123 31.1/./21/
(s, miions Rs. millions
t the beginning o+ the year 8,1@ 12./4
rising during the year 297,18
129./
2
UtiliGed during the year
B21A,0A
C
<:/.4
:=
Unused amounts reversed B21,90C
<1;.9
3=
At the end of the #ear 29,10 6.2;
&rovision for contin)encies
#he breakup and movement o+ provision +or contingencies are as +ollo,sA <Rs. Millions=
&articuars ESI La?our Case, Lia?iit# for Land Tota
;ouse Ta" Deveopment
and $ther B(efer note 9+C
Civi Cases
9123
912
9 9123 9129 9123 9129 9123 9129
Fpening balance
as on 1st Jan 1./4
1./
4 2.49 3.:; /19./. /19./.
/16./
4
//1..
9
dditions 4.63 - ..9. /./4 - - 1/..4 /./4
UtiliGed 3.:. - /.2: ;..9 - - 9.23 ;..9
Reversals - - - - - - - -
Closing balance
as on 31st 7ec ;.19
1./
4 3.31 2.49 /19./. /19./.
//..4
1
/16./
4
#he Company sets up and maintains provision +or trade related and other litigations or disputes ,hen a
reasonable estimate can be made. #he amount o+ provisions are based upon estimates provided by the
Company8s legal department0 ,hich are revisited on a timely basis. #he eDact timing o+ the settlement o+
the litigations and conseHuently0 the out+lo, is uncertain.
@n vie, o+ large number o+ labour cases0 house taD and other civil cases0 it is not practicable to disclose
the details o+ each case separately. #he eDact timing o+ the settlement o+ the litigation and conseHuently0
the out+lo, is uncertain.
91
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
<Rs.
millions=
0
,
TANGIBLE
ASSETS Land
Buidin)
s &ant and =urniture
4ehice
s Tota
&reviou
s
eJuipmen
t
and
fi"tures :ear
Cost or vauation
At 12,12,9123
/.2.6
. 10/12.:9 10649.:1 /0/;..;: /1.11
;092...
1 .0::4.:2
dditions P 126.94 19;.14 .36.9/ 3./6 41;.4. 44..;3
7isposals P <.1..;= <1/1.9/= <1;/.96= <2.;3=
<319./6
= <196.2/=
At 32,29,9123
971,8
7 2,908,28 2,A91,7+ 9,@71,@3 93,8+
+,113,8
0 @,+17,72
Depreciation
At 12,12,9123 P ..4..1 10;.2.19 101:6.26 1/.2.
301:4.9
: /0613.33
Charge +or the
year P 123.;: 1/;..4 39..// /.;4 ;:;.6; ;1:../
7isposals P <//.69= <129.39= <11..39= <2.;3=
</...11
= <13;.29=
At 32,29,9123 D @98,27 2,@@A,90 2,770,A7 27,18
3,@7A,7
3 3,2A0,+A
Net Boc'
At 32,29,9123
971,8
7 0@1,17 3+2,2A 2,1A9,@A A,08
9,7@7,7
7 9,71+,09
t 31.1/./21/
/.2.6
. 493.;; 339.4; 102;9.;1 :.24
/0.29.4
1 /016..;4
<Rs.
millions=
8
, INTANGIBLE ASSETS BC$M&5TE( S$=T%A(EC Current
*reviou
s
:ear
Mea
r
Gross ?oc'
At 12,12,9123
8,
3A ;.63
*urchase
3.
21 /.;9
At 32,29,9123 22,71 6.3:
AmortiLation
At 12,12,9123
2,
+9 2..1
Charge +or the
year
1.
64 1./1
At 32,29,9123
3,
7A 1.9/
Net ?oc'
At 32,29,9123
0,
A2 9.44
t 31.1/./21/
9.
44 ;../
9/
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
A
, N$N/C5((ENT IN4ESTMENTS
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Trade investments Bvaued at cost uness stated otherEiseC
5nJuoted eJuit# instruments
Investment in su?sidiaries
.06;10222 <*revious yearA .06;10222= "Huity shares o+
Rs.12 each +ully paid-up in 'ata *roperties )imited 78,@2 .6.;1
78,@2 .6.;1
Non/trade investments Bvaued at cost uness stated otherEiseC
Investment in Cooperative Societies B5nJuotedC
/;2 <*revious year A /;2= !hares o+ Rs. 12 each in 'ata "mployees8
Co-operative Consumers8 !tores )imited0 5athidah 1,11 2.22
; <*revious year A ;= !hares o+ Rs. 12 each in
'hadrakali Market Co-operative !ociety )imited0 Nasik 1,11 2.22
1,11 2.22
78,@2 .6.;1
ggregate amount o+ unHuoted investments 78,@2 .6.;1
2
1
, DE=E((ED TA< ASSETS BNETC
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Deferred ta" asset
$iDed assetsA @mpact o+ di++erence bet,een taD depreciation and
depreciation& amortiGation charged +or the +inancial reporting 371,27 /3/.19
@mpact o+ eDpenditure charged to the statement o+ pro+it and
loss in the current&earlier year but allo,able +or taD purposes
on payment basis 390,32 1::.:.
*rovision +or doubt+ul debts and advances 23,37 11..:
+81,0A ..3.;:
93
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
22, L$ANS AND AD4ANCES
Non/current Current
As at s at As at s at
32,29,912
3
31.1/./2
1/
32,29,912
3 31.1/./21/
(s,
miions
Rs.
millions
(s,
miions
Rs.
millions
Capita advances
Unsecured0 considered good 0A,+0 34.29 D P
BAC 0A,+0 34.29 D P
Securit# deposit
Unsecured0 considered good 8@1,1A 436.96 9+,91 .3.4.
Unsecured0 considered doubt+ul 9,10 1.6: D P
8@9,2+ 4.2.;4 9+,91 .3.4.
*rovision +or doubt+ul security deposit B9,10C <1.6:= D P
BBC 8@1,1A 436.96 9+,91 .3.4.
Loan and advances to reated parties
Unsecured0 considered good D P A,A1 4.9;
BCC D P A,A1 4.9;
Advances recovera?e in cash or 'ind
Unsecured0 considered good D P 80,71 .4.;9
Unsecured0 considered doubt+ul D P 30,70 /;.//
D P 297,80 4/.46
*rovision +or doubt+ul advances D P B30,70C </;.//=
BDC D P 80,71 .4.;9
Baances Eith statutor#!
)overnment authorities
Unsecured0 considered good 8A,A2 6;.14 3+,7A 32.16
Unsecured0 considered doubt+ul 8,9A 6./: D P
A8,91 :3..9 3+,7A 32.16
*rovision +or doubt+ul balances ,ith
statutory & government authorities B8,9AC <6./:= D P
BEC 8A,A2 6;.14 3+,7A 32.16
$ther oans and advances
dvance income-taD
<net o+ provision +or taDation= 232,81 111.94 D P
*repaid eDpenses 39,21 //.62 ++,77 63.32
B=C 2+3,A1 13...4 ++,77 63.32
Tota BAP B P C P D P E P =C 2,283,@0 ::;.36 99+,73 /1/..3
29, IN4ENT$(IES B4AL5ED AT L$%E( $= C$ST AND NET (EALIFABLE 4AL5EC
As at s at
32,29,912
3 31.1/./21/
(s,
miions
Rs.
millions
Ra, materials and components <including goods in transit
Rs. ;.13 millions <*revious yearA Rs.;.1/ millions== <re+er note 14= 99A,@+ /3:.:1
Eork-in-progress <re+er note 16= 399,3+ /;4.9/
$inished goods <including goods in transit Rs. ;31.;3
millions
<*revious yearA Rs.///.;6 millions== <re+er note 16=R @,9+2,+A .0113./3
!tores and spares 23,33 12.14
@,89+,A7 .09/2.:3
R$inished goods include stock in trade0 as both are stocked together
9.
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
2
3, T(ADE (ECEI4ABLES AND $T;E( ASSETS
2
3,
2 Trade receiva?es
Current
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
De?ts outstandin) for a period e"ceedin) si" months from
the date the# are due for pa#ment
- Unsecured0 considered good 7,21 1.//
7,21 1.//
$ther receiva?es
- Unsecured0 considered good @1@,21 ..6./;
@1@,21 ..6./;
@1A,91 ..:..4
2
3,
9 $ther current assets
5nsecured, considered )oods uness stated otherEise
@nterest accrued on +iDed deposits 80,+8 ;.../
@nsurance claims 0,02 13.:/
A@,3A 96.3.
2
7, CAS; AND BAN. BALANCES
Cash and cash eJuivaents
'alances ,ith banksA
-Fn current ( cash credit accounts 799,37 /66.34
-Fn unpaid dividend account 22,++ 9.43
Unpaid matured deposits D 2.1/
Cash on hand 08,A8 31.;1
@29,A8 3/9.43
$ther ?an' ?aances
7eposits ,ith original maturity +or more than 3 months
but less than 1/ monthsR 9,177,90 10;.../6
9,177,90 10;.../6
9,@@0,9@ 10641.21
R@ncludes deposit pledged ,ith banks o+ Rs.1../4 millions <*revious year Rs.1../4 millions=.
9;
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
2@, (E4EN5E =($M $&E(ATI$NS
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
(evenue from operations
Sae of products
$inished goods 91,A09,28 16042;..9
$ther operatin) revenue
Fthers <including eDport incentives0 scrap sales etc.= 22,88 1/.26
(evenue from operations B)rossC 91,A87,1+ 160414.;.
)essA "Dcise dutyR 339,39 /:3.21
(evenue from operations BnetC 91,+@2,07 160./..;3
R "Dcise duty on sales amounting to Rs. 33/.3/ millions <*revious yearA Rs. /:3.21 millions= has been
reduced +rom sales in statement o+ pro+it ( loss and di++erential eDcise duty on opening and closing stock
o+ manu+actured +inished goods amounting to Rs. /4.1; millions <*revious MearA Rs. ...62 millions= has
been adjusted +rom <increase=&decrease in inventories in note 16
Detais of products sod
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
$oot,ear
2A,870,0
2
140494.;
6
Fthers 2,297,70 :34.66
91,A09,28 16042;..9
2+, $T;E( INC$ME
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Interest income on
- 'ank deposits 20A,83 114.16
- Fthers 3,30 11.12
Gain on $oreign "Dchange $luctuations <Net= 0,9A 9.49
*rovision No )onger ReHuired Eritten 'ack 9,02 31.3.
@nsurance Claim Received 1,0+ :.91
Fther Non-Fperating @ncome 22A,@9 1/3.;3
323,78 /::.;/
99
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
20, C$ST $= (A% MATE(IAL AND C$M&$NENTS C$NS5MED
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
@nventory at the beginning o+ the year 93A,A2 143.2;
ddA *urchases 3,33@,@2 3021:.2;
3,@0@,79 301:/.12
)essA inventory at the end o+ the year 99A,@+ /3:.:1
Cost o+ ra, material and components consumed 3,37@,8+ /0:;/.1:
Detais of raE materia and components consumed
)eather <natural and synthetic= @@@,19 ..4.29
Rubber 918,21 /24.9.
#eDtiles 9@@,00 /2..9/
Chemical +23,09 ;91.3:
*ackaging 921,7+ /92.1.
Job processing charges 373,80 /42.3:
Fther Materials 2,2@8,A9 10222.:;
3,37@,8+ /0:;/.1:
Detais of inventor#
(aE materias and components
)eather <natural and synthetic= +2,3+ .9.32
Rubber 97,7+ 3..;6
#eDtiles 9A,@A 33.33
Chemical 79,+3 ;2.:4
*ackaging @,17 ;./:
Fther Materials ++,78 9:...
99A,@+ /3:.:1
94
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
28, BINC(EASEC ! DEC(EASE IN IN4ENT$(IES
:ear ended
Mear
ended
BIncreas
eC!
32,29,9123 31.1/./21/
decreas
e
(s, miions
Rs.
millions
Rs.
millions
Inventories at the end of the #ear
:ear
ended
32,29,9123
$inished goods @,9+2,+A .0113./3 B2,278,7+C
Eork-in-progress 399,3+ /;4.9/ B+7,07C
@,@87,1@ .0342.6; B2,923,91C
Inventories at the ?e)innin) of the #ear
Mear
ended
31.1/./21/
$inished goods 7,223,93 30.:..:; B+28,98C
Eork-in-progress 9@0,+9 /39.33 B92,9AC
7,301,8@ 30431./6 B+3A,@0C
B2,923,91C <93:.;4=
<@ncrease=&decrease o+ eDcise duty on
change in inventories 90,2@ ...62
#otal <increase=&decrease B2,28+,1@C <;:..44=
Detais of purchase of traded )oods
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
$oot,ear +,8++,0+ ;0:19.;;
Fthers 7+2,A1 .29..9
0,398,++ 903/3.21
Detais of inventor#
=inished )oods
$oot,ear @,1@1,A7 30:32.::
Fthers 921,0@ 16/./.
@,9+2,+A .0113./3
%or'/in/pro)ress
$oot,ear 399,3+ /;4.9/
399,3+ /;4.9/
2A, EM&L$:EE BENE=ITS E<&ENSE
!alaries0 ,ages and bonus 2,8A7,7@ 104/4.2/
Contribution to provident and other +unds 290,31 114.64
Gratuity eDpense <re+er note 33= 92,+A /1..4
!ta++ ,el+are eDpenses 8A,+8 :/.:4
9,233,29 10:;:.33
96
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
91, $T;E( E<&ENSES
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Consumption o+ stores and spares 39,+9 31.:/
*o,er and +uel @29,98 ..9.22
$reight 798,80 .24.3.
Rent <net= KRe+er note /4L 9,+91,1A /01;..26
<@ncluding impact o+ straight lining o+ lease rent Rs. /.3.19 millions
<*revious yearA Rs.193.:; millions==
Rates and taDes 203,73 132.29
@nsurance 01,2+ 94..:
Repairs and maintenance
*lant and machinery 32,19 31.2.
'uildings 70,17 .9.6.
Fthers 97,80 /2.94
dvertising and sales promotion 23A,78 1;9.:2
!ales commission +79,2A ;9..9.
)egal and pro+essional +eesR 217,70 13:.31
#echnical collaboration +ee 910,@8 146.41
*rovision +or doubt+ul debt0 loans0 advances etc. 29,9@ 11./;
)oss on sale&discard o+ +iDed assets <net= 38,08 1/.66
'ank charges 228,92 12:.;6
Miscellaneous eDpenses +18,39 ;31.64
@,822,++ ;02.2.;6
O&a#ment to auditor Bunder e)a & professiona feesC
s auditor @,81 ;.62
In other capacit#*
Fther services <certi+ication +ees= 1,92 2../
Reimbursement o+ eDpenses 2,A8 2.62
0,AA 4.2/
92, DE&(ECIATI$N AND AM$(TIFATI$N E<&ENSE
7epreciation o+ tangible assets @A@,8@ ;1:../
mortiGation o+ intangible assets 2,80 1./1
@A0,09 ;/2.93
)essA recoupment +rom revaluation reserve @,0@ 9.66
@A2,A0 ;13.4;
9:
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
9
9
, =INANCE C$STS
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
@nterest 29,AA 12.3/
29,AA 12.3/
9
3
, E<CE&TI$NAL ITEM
%oluntary Retirement !cheme 211,00 P
<re+er note /.1 m<vi==
211,00 P
7uring the year0 the Company had announced a %oluntary Retirement !cheme <%R!= +or the ,orkmen o+
its Mokameh Unit and incurred the above amount on those ,ho have opted +or the scheme.
24. EA(NINGS &E( S;A(E BE&SC
#he +ollo,ing re+lects the pro+it and share data used in the basic and diluted "*! computationsA
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
*ro+it a+ter taD <Rs. millions= 2,A10,73 10419.23
Eeighted average number o+ eHuity shares in calculating basic "*! +7,9+3,001 9.0/930442
'asic and 7iluted "*! <Rs.= 9A,+8 /9.42
25. Note 1: includes R(7 eDpenses o+ Rs..3.6: millions <*revious year Rs. /:..6 millions= and Note /2
includes R(7 eDpenses o+ Rs. /2.:9 millions <*revious year Rs. 19.3. millions=.
26. #he Company entered into a joint venture agreement +or the development o+ the to,nship at 'atanagar
,ith Riverbank 7evelopers *rivate )imited <R7*)= in earlier years. @n pril /2120 ,hile retaining the legal
title over the land at 'atanagar *roject and shares in the erst,hile Joint %enture Company <R7*)=0 the
Company restructured its agreements ,ith revised terms and conditions +or the development o+ the
modern integrated to,nship project at 'atanagar.
s per the order o+ the Government o+ Eest 'engal <GFE'=0 the total obligation on the Company
to,ards development o+ employee housing colony ,as Rs. 9;2.22 millions0 the Company had recorded a
liability o+ Rs. /19./. millions +or obligation yet to be +ul+illed to,ards the balance 3/;0222 sHuare +eet o+
employee housing colony in earlier years <also re+er note 31 <b= ( <c= =. s per the above-mentioned
agreement0 any liability arising on account o+ non-compliance o+ terms and conditions o+ GFE' order ,ill
be borne by the erst,hile J% Company.
7uring the year0 the Company has signed an addendum to the development agreement ,hereby the Company
,ill no, receive constructed area o+ 33/0232 sHuare +eet against 3/;0222 sHuare +eet +rom R7*).
#he Company along,ith R7*) approached the GFE' +or eDtension o+ the time limit0 ,hich has been
principally agreed by GFE' and the revised order is a,aited. #he Company does not eDpect any variation
+rom principally agreed terms and conditions and conseHuently no impact on the +inancial statements.
27. LEASES
ssets #aken on Fperating )ease
1) #he Company has taken various residential0 o++ice0 ,arehouse and shop premises under operating
lease agreements. #he lease agreements generally have an escalation clause and there are no
subleases. #hese leases are generally not non-cancellable and are rene,able by mutual consent on
mutually agreed terms. #here are no restrictions imposed by lease agreements.
2) #he aggregate lease rentals payables are charged as 8Rent8 in Note /2.
42
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
#he +uture minimum lease payments under non-cancellable operating leases are as +ollo,sA
<Rs.
millions=
Lease rentas 32/Dec/23 31-7ec-1/
Eithin one year +9,+3 36.64
+ter one year but not more than +ive years 3,7A /.4.
More than +ive years D P
28. DE(I4ATI4E INST(5MENTS AND 5N;EDGED =$(EIGN C5((ENC: E<&$S5(E, %;IC; A(E
N$T INTENDED =$( T(ADING $( S&EC5LATI$N &5(&$SE,
=orEard Contract outstandin) as at ?aance sheet date
&articuars of =orEard
Currenc
# 9123 9129
&urpo
se
Contracts
*urchase U!7
1026902.3.
3/ .6602/..99
5edge o+ #rade
*ayable
&articuars of 5nhed)ed forei)n currenc# e"posure as at the ?aance sheet date,
&articuars of 5nhed)ed forei)n Amount in =orei)n Currenc#
Amount in Indian
Currenc#
currenc# e"posure B(s, miionsC
Currenc
# 9123 9129 9123 9129
U!7
.260691.26
C
./60:96.92
C /;..9 /3.99
#rade payables Rs. 9/./9 Rs. ;;.19
"URF P /90142.22 C P 1.:1
Rs. 43.2:
U!7
343033;..3
C
11/0.;6..4
C //.:3 9.11
dvance +or @mport
Rs. 91../ Rs. ;..3.
purchases
"URF P 926./; C P 2.2.
Rs. 41.;:
dvance +rom Customer U!7 90;44.22 C /20222.22 C 2..1 1.12
Rs. 9/./9 Rs. ;;.19
#rade receivables
U!7
/6/0246..2
C :;01:9.62 C 14.33 ;.14
Rs. 91../ Rs. ;..3.
29. SEGMENT (E&$(TING
#he Company operates in t,o segments - $oot,ear ( ccessories and !urplus *roperty 7evelopment.
#he Company has chosen business segments as its primary segments considering the dominant source
and nature o+ risks and returns and the internal organisation and management structure.
A description of the t#pes of products and services provided ?# each reporta?e se)ment is as
fooEs*
=ootEear & AccessoriesA #he !egment is engaged in the business o+ manu+acturing and trading o+
+oot,ear and accessories items through its retail and ,holesale net,ork.
Surpus &ropert# Deveopment A #he segment is involved in development o+ surplus property at 'atanagar.
41
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
A, &(IMA(: SEGMENT DISCL$S5(E
<Rs.
millions=
&articuars =ootEear & Surpus &ropert# Tota
Accessories Deveopment
9123 9129 9123 9129 9123 9129
(E4EN5E
"Dternal #urnover
/209;1.4
. 160./..;3 P P
/209;1.4
. 160./..;3
Fther incomeR 132./6 141./. P P 132./6 141./.
(ES5LT /099..2/ /0.26.41 P P /099..2/ /0.26.41
Unallocated Corporate
"Dpenses <4.::= <4.2/=
Fperating *ro+it /09;9.23 /0.21.96
@nterest "Dpenses <1/.::= <12.3/=
@nterest @ncome 163./2 1/6./6
@ncome #aDes <:16.61= <623.91=
Net *ro+it 10:24..3 10419.23
$T;E( IN=$(MATI$N
!egment assets
1/0:/4./
. 1209:..9. P P
1/0:/4./
. 1209:..9.
Unallocated corporate assets :22./9 92:.96
#otal assets
1306/4.;
2 11032..3/
!egment liabilities .0;9/.99 30;3:.64 /19./. /19./. .0446.:2 304;9.11
Unallocated corporate liabilities 936.;: ;...:1
#otal liabilities ;0.14.;2 .0321.2/
Capital eDpenditure 614./. 6;9.6; P P 614./. 6;9.6;
7epreciation ;:2.2: ;1/.;. P P ;:2.2: ;1/.;.
mortisation 1.64 1./1 1.64 1./1
Non-cash eDpenses other than
depreciation and amortisation 1/./; 11./; P P 1/./; 11./;
R Fther income as reported does not include the interest income amounting to Rs.163./2 millions
<*revious year Rs. 1/6./6 millions=
2. IN=$(MATI$N AB$5T SEC$NDA(: SEGMENTS
a= Revenue ( !undry 7ebtors as per Geographical Markets
<Rs.
millions=
&articuars (evenue Trade (eceiva?es
9123 9129 9123 9129
@ndia /20;2..94 160/4..41 .:/./; ..1.:9
Futside @ndia 1.4.24 1.:.6/ 19.:; 4.;1
#otal /209;1.4. 160./..;3 ;2:./2 ..:..4
2) #he Company has common +iDed assets +or producing goods +or 7omestic Market and Fverseas Market.
5ence0 separate +igures +or +iDed assets & additions to +iDed assets cannot be +urnished.
4/
4
3
31, A, (eated &art# Transactions <Rs. millions=
Nature of
Transaction Holding Company Subsidiaries Fellow Subsidiaries Transactions with Key Total
Management Persons
<ransaction
4utstandin
g
<ransactio
n
4utstandin
g
<ransactio
n
4utstandin
g
<ransactio
n
4utstandin
g
<ransactio
n
4utstandin
g
6alue "alance 6alue "alance 6alue "alance 6alue "alance 6alue "alance
Sales 10(2 !"#$% $#!$ !"#$% $#!$
%Refer 20"%i'' 10(1 = = = = 10.:. (.29 = = 10.:. (.29
7urc!ases 10(2 "#&$ "#&$
%Refer 20"%ii'' 10(1 = = = = 1.32 - = = 1.32 =
Ad$ance Reco$era@le 10(2 !#!' '#(' !#!' '#('
%Refer 20"%$ii'A' 10(1 = = 0./1 0.// = = = = 0./1 0.//
Rent Expenses 10(2 "#)" "#)"
%Refer 20"%$ii'"' 10(1 = = (.8: = = = = = (.8: =
Reim@ursement of 10(2 !#*+ '#'$ !#*+ '#'$
Expenses to 10(1 = = = = ..81 0.1. = = ..81 0.1.
%Refer 20"%iii''
Reim@ursement of 10(2 &!#*) +#)( &!#*) +#)(
Expenses from 10(1 = = = = 18./( 8.88 = = 18./( 8.88
%Refer 20"%i$''
<ec!nical 5ee 10(2 "*%#'' &&#*$ "*%#'' &&#*$
%Refer 20" %$'' 10(1 = = = = (80.00 21.00 = = (80.00 21.00
Royalty 10(2 %#(+ $#$+ %#(+ $#$+
%Refer 20" %$i'' 10(1 = = = = 0.8/ = = = 0.8/ =
Remuneration 10(2 %!#*% %!#*%
%Refer 20"%$iii'' 10(1 = = = = = = ...01 = ...01 =
Di$idend 7aid 10(2 !''#%% !''#%%
%Refer 20"%ix'' 10(1 100.33 = = = = = = = 100.33 =
91
23
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C
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A
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
31,B, (eated &art# Transaction Detais
1. Sae of Goods*
7etails o+ sales to $ello, !ubsidiaries ,hich are material <more than 12Q o+ the total sales to the
Related *arties=A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata !hoe o+ #hailand *ublic 9123 9,3A D
Company )imited /21/ P P
$utura $oot,ear )td. 9123 9,8+ 2,32
/21/ P P
'ata !hoe Co. <'angladesh= )td. 9123 2@,11 9,28
/21/ 1..61 2.:1
'ata !hoe Co. o+ Ceylon )td. 9123 D P
/21/ 3.:1 2..4
2. &urchase of Goods*
7etails o+ *urchase +rom $ello, !ubsidiaries ,hich are material <more than 12Q o+ the total
*urchase +rom the Related *arties=A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata @ndustrials "urope 9123 D D
/21/ 1.4: P
'ata !hoe Co. <Kenya= )td. 9123 2,37 D
/21/ P P
*.#. !epatu 'ata #bk 9123 D D
/21/ 2.4. P
3. (eim?ursement of E"penses to*
7etails o+ Reimbursement o+ eDpenses to $ello, !ubsidiaries ,hich are material <more than 12Q o+
the total Reimbursement o+ eDpenses to Related *arties= A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata !hoe !ingapore *te )td. 9123 1,0A D
/21/ 2..9 P
'ata Malaysia !7N. '57. 9123 2,2@ 1,17
/21/ 1.;6 2./.
Global $oot,ear !ervices *te )td. 9123 1,@@ D
/21/ 1.26 P
"uro $oot,ear 5oldings !.a r.l. 9123 1,71 D
/21/ 2.:4 P
Compass )imited 9123 D D
/21/ 2.;3 P
4.
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
4. (eim?ursement of E"penses from*
7etails o+ Reimbursement o+ eDpenses +rom $ello, !ubsidiaries ,hich are material <more than
12Q o+ the total Reimbursement o+ eDpenses +rom Related *arties=A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata !hoe <!ingapore= *te )td. 9123 7,27 2,12
/21/ /.;. 1./.
"uro $oot,ear 5oldings !.a r.l. 9123 23,+7 @,+3
/21/ 1..43 3.19
@nternational $oot,ear @nvestment '.%. 9123 23,2A 9,8@
/21/ P P
Global $oot,ear !ervices *te )td. 9123 2,72 D
/21/ 2..3 P
$oot,ear 7istributors '% 9123 D D
/21/ :.2; /.1:
5. Technica Coa?oration =ees*
7etails o+ #echnical Collaboration $ees paid&payable to $ello, !ubsidiariesA
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
Global $oot,ear !ervices *te )td. 9123 28@,11 33,87
/21/ 192.22 3/.22
6. (o#at#*
7etails o+ Royalty paid&payable to $ello, !ubsidiariesA
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata 'rands !.a.r.l. 9123 @,0A 7,7A
/21/ 2.9: P
7. Transaction Eith Su?sidiariesA
7etails o+ transaction ,ith !ubsidiaries ,hich are material <more than 12Q o+ the total transaction
,ith the Related *arties=A
A, Advance (ecovera?e*
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata *roperties )imited 9123 2,+@ D
/21/ 2..2 P
Coastal Commercial ( 9123 1,@@ 1,01
"Dim )imited
/21/ 2.;/ 2.::
4;
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
B, (ent E"pensesA
Name of the &art# :ear Transaction 4aue B(s, miionsC
'ata *roperties )imited 9123 1,00
/21/ 2.63
Coastal Commercial ( 9123 1,87
"Dim )imited
/21/ 2.6.
viii, (emuneration to Directors O*
Name of the Director :ear Transaction 4aue B(s, miionsC
Rajeev Gopalakrishnan 9123 3A,3@
/21/ /6.;4
Ranjit Mathur 9123 23,@2
/21/ 9.6/
Gigi braham 9123 D
/21/ 9.16
$adGilah Mohd. 5ussein 9123 D
/21/ /..;
R s the liabilities +or provident +und0 gratuity and leave encashment are provided on an actuarial
basis +or the company as a ,hole0 the amounts pertaining to the directors are not included above.
i", Transaction Eith ;odin) Compan#A
7ividend *ayment A
Name of the &art# :ear Transaction 4aue B(s, miionsC
'# <'N= '.%. #he Netherlands0 9123 911,@@
msterdam
/21/ /22.;;
31, C, (eated &art# Discosure
9. %here Contro E"ists*
Nature of (eationship Name
. 5olding Company A
'# <'N= '.%. #he Netherlands0
msterdam
'. !ubsidiaries A 'ata *roperties )imited0
Coastal Commercial ( "Dim )imited
<a step do,n subsidiary=
35. %here Contro Does Not E"ists*
Nature of (eationship Name
. Key Management *ersonnel A Rajeev Gopalakrishnan - Managing 7irector
Ranjit Mathur- 7irector $inance ,.e.+. /:.2/./21/
$adGilah Mohd. 5ussein - 7irector $inance upto
1;.2/./21/
Gigi braham - Group 'rands 7irector ,.e.+. /9.24./21/
to
1:.1/./21/
49
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
2. $ello, !ubsidiaries ,ith ,hom transactions have taken place during the yearA
Compan# Name Compan# Name
'ata !hoe <!ingapore= *te. )td. 'ata !hoe Co. <'angladesh= )td.
Global $oot,ear !ervices *te )td. @nternational $oot,ear @nvestment '.%.
'ata Malaysia !7N. '57. 'ata !hoe o+ #hailand *ublic Company )imited
'ata !hoe Co. <Kenya= )td. 'ata 'rands !.a.r.l.
"uro $oot,ear 5oldings !.a.r.l.$utura $oot,ear )td.
'ata !hoe Co. F+ Ceylon )td. 'ata 'rands !..
"mpresas Commercials !..
31. C$NTINGENT LIABILITIES N$T &($4IDED =$( IN (ES&ECT $=*
1) Claims against Company not ackno,ledged as debts includes
Nature 9123 /21/
B(s, miionsC <Rs. millions=
"Dcise and Customs Cases 278,71 1;6.4.
!ales #aD Cases 92,81 3../2
FthersR 922,@1 /4:.96
@ncome #aD CasesRR 9A2,80 P
Tota +03,@0 .4/.9/
1* Fthers include individually small cases pertaining to rent0 labour etc.
1* 7uring earlier years0 the ssessing F++icer had revised the computation o+ Capital Gains on
>#rans+er o+ 7evelopment Rights to R5*)? in the year /224 by treating it as !hort #erm instead o+
the )ong #erm and thus raised a demand o+ Rs. /32.;; millions on the Company. #he Company
during the previous year had received +avourable judgement +rom the @## Kolkata. 5o,ever
@ncome #aD 7epartment had +iled an appeal ,ith the 5igh Court against the said order.
7uring the year0 the Company has received an order o+ Commissioner o+ @ncome #aD under
section /93 o+ the @ncome #aD ct0 1:91 directing the ssessing F++icer +or re-computation o+
consideration adopted by Company +or computation o+ long term capital gain +or .M. /224-26
on trans+er o+ development rights o+ 'atanagar land to River 'ank 5olding *rivate )td.
<erst,hile J% company=. #he amount o+ taD liability is not mentioned in the order. #he
Company has +iled an appeal to @ncome #aD ppellate #ribunal against the said order. #he
Company on the basis o+ consultant8s advice believes that it has a good case and hence no
provision there against is considered necessary. s per the agreement0 liability o+ income taD
on such trans+er0 i+ any0 ,ill be borne by the erst,hile J% company.
Fn the basis o+ current status o+ individual cases and as per legal advice obtained by the Company
,herever applicable0 the Company is con+ident that no provision is reHuired in respect o+ these cases at
this point in time.
2) $uture obligations imposed by the Govt. o+ Eest 'engal in respect o+ property project are Rs./6.;3
millions <*revious yearA Rs. ./.13 millions=.
3) #he erst,hile J% company ,ill +ul+il the obligation o+ development o+ 66 acres <*revious MearA 66 acres=
o+ land +or social and economic purposes as per conditions imposed on the Company by Government o+
Eest 'engal. #he transaction value is not ascertainable at this point o+ time. Company has taken bank
guarantee +rom R7*) o+ Rs. /.2.22 millions <*revious yearA Rs /.2.22 millions=.
44
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
32. "stimated amount o+ contracts remaining to be eDecuted +or capital eDpenditure and not provided +or
amounted to Rs.19:.21 millions <*revious yearA Rs. 63.;1 millions=.
33. BaC Gratuit# and other post/empo#ment ?enefit pans*
#he Company has a de+ined bene+it gratuity plan. "very employee ,ho has completed +ive years or
more o+ service gets a gratuity on departure at the rate o+ 1; days salary <last dra,n salary= +or
each completed year o+ service. #he scheme is +unded through the companies o,n trust.
#he Company has also provided long term compensated absences ,hich are un+unded.
#he +ollo,ing tables summariGe the components o+ net bene+it eDpense recogniGed in the
!tatement o+ pro+it and loss and the +unded status and amounts recogniGed in the balance sheet +or
the de+ined bene+it gratuity plan.
Statement of &rofit and Loss
Net employee bene+it eDpense <recognised in Gratuity eDpense= A
<Rs.
millions=
Gratuity
/213 /21/
Current service cost 16.46 16.24
@nterest cost on bene+it obligation /6.26 /9.:1
"Dpected return on plan assets <3/.3.= <31.2;=
Net actuarial< gain= & loss recognised in the year 4.19 4.;.
*ast !ervice Cost P P
Net bene+it eDpense /1.96 /1..4
Baance sheet
7etails o+ *rovision +or gratuity
<Rs.
millions=
Gratuity
/213 /21/
7e+ined bene+it obligation 366.9/ 392...
$air value o+ plan assets .1..26 3:4.91
/;..9 34.14
*lan asset & <liability= /;..9 34.14
46
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
Changes in the present value o+ the de+ined bene+it obligation are as +ollo,sA
<Rs.
millions=
Gratuity
/213 /21/
Fpening de+ined bene+it obligation 392... 3.6.96
@nterest cost 16.46 16.24
Current service cost /6.26 /9.:1
*lan mendments P P
'ene+its paid <...36= <9..1.=
ctuarial <gains= & losses on obligation /;.96 32.:/
Closing de+ined bene+it obligation 366.9/ 392...
Changes in the +air value o+ plan assets are as +ollo,sA
<Rs.
millions=
Gratuity
/213 /21/
Fpening +air value o+ plan assets 3:4.91 364.31
"Dpected return 3/.3. 31.2;
Contributions by employer 12.22 /2.22
'ene+its paid <...36= <9..1.=
ctuarial gains & <losses= 16.;/ /3.3:
Closing +air value o+ plan assets .1..26 3:4.91
#he 7e+ined bene+it obligation amounting to Rs.366.9/ millions is +unded by assets amounting to
Rs..1..26 millions and Company has contributed Rs./;..9 millions eDcess during the year /213. #he
company eDpects to contribute Rs./; millions <*revious Mear Rs./2.22 millions= during the year /21..
#he major categories o+ plan assets as a percentage o+ the +air value o+ total plan assets are as +ollo,sA
Gratuit
y
/213 /21/
Q Q
@nvestments 122.22
122.2
2
S Eith @nsurer .4.1. .6.:2
S Eith Government securities and 'onds ..1. ..29
S Eith !pecial deposit scheme .6.4/ .4.2.
#he overall eDpected rate o+ return on assets is determined based on the market prices prevailing
on that date0 applicable to the period over ,hich the obligation is to be settled.
4:
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
#he principal assumptions used in determining gratuity and leave encashment obligations +or the
Company8s plans are sho,n belo,A
/213 /21/
Q Q
7iscount rate :.22 6.32
"Dpected rate o+ return on assets 6.;2 6.;2
"mployee turnover
Non Management
/2-/. 2.;2 2.;2
/;-/: and ;;-92 2.32 2.32
32-3. and ;2-;. 2./2 2./2
3;-.: 2.12 2.12
Management
/2-/; ;.22 ;.22
/9-3; 3.22 3.22
39 and above 2.;2 2.;2
#he estimates o+ +uture salary increases have been considered in actuarial valuation based on in+lation0
seniority0 promotion and other relevant +actors0 such as supply and demand in the employment market.
#he eDperience adjustment on account o+ actuarial assumptions o+ the Gratuity !cheme is as +ollo,sA
<Rs.
millions=
E"perience ;istor# 9123 9129 9122 9121 911A
1 7e+ined 'ene+it Fbligation at end o+
the period
<366.9/
= <392..9=
<3.6.42
=
<3.9.;;
= <3.9.:.=
/ *lan ssets at end o+ the period .1..26 3:4.91 364.31 3;/.16 3;3./1
3 $unded !tatus /;..9 34.1; 36.9/ ;.93 9./4
.
"Dperience Gain&<)oss= adjustments
on
plan liabilities <.;.;6= </;.94= <.2.:/= <;;.33= <3;.;/=
; "Dperience Gain&<)oss= adjustments
on
plan assets 16.;/ /3.3: /../: <2..:6= <2:.:;=
9
ctuarial Gain&<)oss= due to change
on
assumptions 1:.6: 2;./; 9.;4 29.46 /6.62
62
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
Contri?ution to Defined Contri?ution &ans*
9123 9129
B(s,miionsC B(s,miionsC
*ension +und /./3 1.43
(2) &rovident =und
#he *rovident $und <,here administered by a #rust= is a de+ined bene+it scheme ,here by the
Company deposits as amount determined as a +iDed percentage o+ basic pay to the +und every
month. #he bene+it vests upon commencement o+ employment. #he interest credited to the accounts
o+ the employees is adjusted on an annual basis to con+irm to the interest rate declared by the
government +or the "mployees *rovident $und. s per the ctuarial !ociety o+ @ndia guidance note
<GN/1= +or measurement o+ provident +und liabilities0 the actuary has accordingly provided a valuation
and based on the belo, provided assumptions0 there is no short+all as at 31st 7ecember0 /213.
32st Decem?er
32st
Decem?er
9123 9129
B(s, miionsC
B(s,
miionsC
Contribution to provident and other +unds 1//.4. 119.1.
#he detail o+ +und and plan asset position as at 31st 7ecember0 /213 is given belo,A
32st Decem?er
32st
Decem?er
9123 9129
B(s, miionsC
B(s,
miionsC
*lan assets at +air value 3099:.29 30932.3:
*resent value o+ the de+ined bene+it obligation 30164.:1 30/:4.9/
sset recogniGed in the balance sheet N@) N@)
61
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
37, DETAILS $= D5ES T$ MIC($, SMALL AND MEDI5M ENTE(&(ISES AS &E( MSMED ACT, 911+
S, No, Detais of dues to Micro, Sma and Medium 9123 9129
Enterprises as per MSMED Act,911+
B(s,
miionsC
B(s,
miionsC
@ #he principal amount and the interest due thereon remaining
unpaid to any supplier as at the end o+ year reported
in
Current #rade *ayables
*rincipal mount Unpaid 9..26 4/.2/
@nterest 7ue P P
@@ #he amount o+ interest paid by the buyer in terms o+
section 190 o+ the Micro !mall and Medium
"nterprise
7evelopment ct0 /229 along ,ith the amounts o+
the
payment made to the supplier beyond the appointed
day during the year
*ayment made beyond the ppointed 7ate .4/.26 ;32..9
@nterest *aid beyond the ppointed 7ate P P
@@@ #he amount o+ interest due and payable +or the period o+
delay in making payment <,hich have been paid but beyond
the appointed day during the year= but ,ithout adding the
interest speci+ied under Micro !mall and Medium "nterprise
7evelopment ct0 /229. P P
@%
#he amount o+ interest accrued and remaining
unpaid at the
end o+ the yearB and P P
% #he amount o+ +urther interest remaining due and payable
even in the succeeding years0 until such date ,hen the
interest dues as above are actually paid to the small
enterprise
+or the purpose o+ disallo,ance as a deductible eDpenditure
under section /3 o+ the Micro !mall and Medium "nterprise
7evelopment ct0 /229 P P
6/
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
32,29,91
23 31.1/./21/
B(s,miions
C
<Rs.millio
ns=
3@, 4AL5E $= IM&$(TS $N CI= BASIS Bon accrua ?asisC
Ra, Materials 30,7A .3.3:
!tores ( !pare 3,@8 1./6
Capital Goods 909,33 ;2./4
$inished Goods
2,217,8
9 :6..6/
2,728,9
9 1024:.49
3+, BaC Consumption of (aE Materias & 32,29,9123 31.1/./21/
Components K of tota
Q o+
total
B(s,miio
nsC
Consumptio
n
<Rs.million
s=
Consumpti
on
@mported 37,A8 2,1@ ./.;4 1...
@ndigenous 3,321,88 A8,A@ /0:2:.9/ :6.;9
3,37@,8+ 211,11 /0:;/.1: 122.22
B?C Consumption of Stores and Spare 32,29,9123 31.1/./21/
K of tota
Q o+
total
B(s,miio
nsC
Consumptio
n
<Rs.million
s=
Consumpti
on
@mported 9,01 8,98 /.64 6.:6
@ndigenous 9A,A9 A2,09 /:.2; :1.2/
39,+9 211,11 31.:/ 122.22
30, =$(EIGN C5((ENC: INC$ME & 32,29,9123 31.1/./21/
E<&ENDIT5(E
B(s,miio
nsC
B(s,miion
sC
<Rs.million
s=
<Rs.millio
ns=
@ncome - "Dports <$.F.'. value= 270,10 1.:.6/
"Dpenditure
Royalty 231,@0 69.29
#echnical Collaboration $ees 28@,11 192.22
Fthers 28,@3 337,21 /;.62 /41.69
38, (EMITTANCE IN =$(EIGN C5((ENC: $N ACC$5NT $=
DI4IDEND
32,29,91
23 31.1/./21/
7ividend on "Huity !haresR <Rs. millions= 911,@@ /22.;;
Number o+ Non-resident "Huity
!hareholders 2 1
Number o+ "Huity !hares held by them on
33,797,2
11 330./.0122
,hich dividend is paid during the year
1* 7ividend o+ Rs. /22.;; millions pertains to year /21/ </211A Rs. /22.;; millions=
63
BATA INDIA LIMITED
N$TES T$ =INANCIAL STATEMENTS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
39. *revious year8s +igures have been regrouped&reclassi+ied0 ,herever necessary0 to con+orm to this year8s
classi+ication,
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL& (an-it Mathur
(a-eev
Gopaa'rishnan
@C@ $irm Registration No.A 321223" 7irector $inance Managing 7irector
Chartered ccountants 7@NA 23;;1/:1 7@NA 23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.: Mao# .umar Gupta 5da# .hanna
*lace A Gurgaon Company !ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
6.
BATA INDIA LIMITED
STATEMENT &5(S5ANT T$ SECTI$N 929 $= T;E
C$M&ANIES ACT, 2A@+ (ELATING T$ S5BSIDIA(: C$M&AN:
1
. Name o+ the !ubsidiary Company A
'# *RF*"R#@"!
)@M@#"7
/
. $inancial year o+ the !ubsidiary Company ended on A 7ecember 310 /213
3
. "Dtent o+ interest in !ubsidiary Company A 122Q
4. Net aggregate amount o+ the pro+its o+ the
!ubsidiary Company as +ar as it concerns the
members o+ the Company.
a= 7ealt ,ith in the CompanyJs accounts
i= +or the +inancial year o+ the !ubsidiary A N@)
2) +or the previous +inancial years o+ the !ubsidiary
since it became the !ubsidiary o+ the Company A N@)
b= Not dealt ,ith in the CompanyJs accounts
i= +or the +inancial year o+ the !ubsidiary A Rs. 1.39 million
ii= +or the previous +inancial years o+ the
!ubsidiary since it became the !ubsidiary
o+ the Company A
Rs. <1/.4.=
million
=or and on ?ehaf of the Board of Directors
(an-it Mathur
(a-eev
Gopaa'rishnan
7irector $inance Managing 7irector
7@NA 23;;1/:1 7@NA 23.362.9
Mao# .umar Gupta 5da# .hanna
*lace A Gurgaon Company !ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
6;
BATA INDIA LIMITED
STATEMENT &5(S5ANT T$ SECTI$N 929 $= T;E
C$M&ANIES ACT, 2A@+ (ELATING T$ S5BSIDIA(: C$M&AN:
1
. Name o+ the !ubsidiary Company
A CF!#) CFMM"RC@) ( "N@M
)@M@#"7
/
. $inancial year o+ the !ubsidiary Company ended on A 7ecember 310 /213
3
. "Dtent o+ interest in !ubsidiary Company A 122Q
4. Net aggregate amount o+ the pro+its o+ the
!ubsidiary Company as +ar as it concerns the
members o+ the Company.
a= 7ealt ,ith in the CompanyJs accounts
i= +or the +inancial year o+ the !ubsidiary A N@)
2) +or the previous +inancial years o+ the !ubsidiary
since it became the !ubsidiary o+ the Company A N@)
b= Not dealt ,ith in the CompanyJs accounts
i= +or the +inancial year o+ the !ubsidiary A
Rs. 2./9
million
ii= +or the previous +inancial years o+ the
!ubsidiary since it became the !ubsidiary
o+ the Company A
Rs. <2.19=
million
=or and on ?ehaf of the Board of Directors
(an-it Mathur
(a-eev
Gopaa'rishnan
7irector $inance Managing 7irector
7@NA 23;;1/:1 7@NA 23.362.9
Mao# .umar Gupta 5da# .hanna
*lace A Gurgaon Company !ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
69
BATA INDIA LIMITED
M$4EMENT $= BATA INDIA LIMITED S;A(E &(ICES
:EA( ;IG; L$%
1:6. ;2.4; 3/.;2
1:6; :1.22 .4..2
1:69 131.92 ;..22
1:64 192.22 ;:./;
1:66 :1.22 ;2.22
1:6: 6:.22 92.22
1::2 124.22 91.4;
1::1 1.:.22 4/.22
1::/ .22.22 13;.22
1::3 3;6.22 4/.22
1::. 3;2.22 1:;.22
1::; /2;.22 ;;.22
1::9 12..22 .9.22
1::4 14..22 .:.22
1::6 /;:.22 11/..2
1::: /6/.22 1/4.22
/222 14;./2 .3./2
/221 43.:; /6.22
/22/ ;1.22 31.12
/223 4/.;2 /9.22
/22. :6.:2 36./;
/22; 1:;..2 4..92
/229 3/:./; 1.2.;2
/224 /:2.;2 1/;.;;
/226 /:9.22 49.;;
/22: /26.:2 49.;2
/212 3:1.:2 141.22
/211 4.2.42 /:;.22
/21/ :6:.22 ;1:.12
/213 126;.4; 966./;
64
BATA INDIA LIMITED BG($5&C
STATEMENT 5NDE( SECTI$N 929 $= T;E C$M&ANIES ACT, 2A@+ (ELATING
T$ S5BSIDIA(: C$M&ANIES IN TE(MS $= T;E CI(C5LA( N$, 9!9122
DATED =EB(5A(: 8, 9122 ISS5ED B: T;E MINIST(: $=
C$(&$(ATE A==AI(S, G$4E(NMENT $= INDIA
Amount B(s, in miionsC
S, BATA &($&E(TIES LIMITED C$ASTAL C$MME(CIAL
No, &articuars & E<IM LIMITED
32,29,9123 31.1/./21/ 32,29,9123 31.1/./21/
a Capita
uthorised 211,11 122.22 2,11 1.22
@ssued ( !ubscribed 78,@2 .6.;1 1,@1 2.;2
? (eserve & Surpus B22,38C <1/.4.= 1,21 <2.1;=
c Tota Assets 71,88 3:.36 2,@7 1.91
d Tota Lia?iit# 71,88 3:.36 2,@7 1.91
e Detais of Investment
BE"cept Investment in
Su?sidiar#C D P D P
f Turnover 9,28 9../ 1,8A 2.6.
) &rofit ?efore ta"ation 2,A7 9./2 1,7@ 2..1
h &rovision for ta"ation 1,@8 1.9/ 1,91 2.16
i &rofit after ta"ation 2,3+ ..;6 1,9+ 2.//
- &roposed dividend D P D P
=or and on ?ehaf of the Board of Directors
(an-it Mathur
(a-eev
Gopaa'rishnan
7irector $inance Managing 7irector
7@NA 23;;1/:1 7@NA 23.362.9
Mao# .umar Gupta 5da# .hanna
*lace A Gurgaon Company !ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
66
BATA INDIA LIMITED BG($5&C
INDE&ENDENT A5DIT$(NS (E&$(T
To the Board of Directors of Bata India Limited
Ee have audited the accompanying consolidated +inancial statements o+ 'ata @ndia )imited <>the Company?=
and its subsidiaries0 ,hich comprise the consolidated 'alance !heet as at 7ecember 310 /2130 and the
consolidated !tatement o+ *ro+it and )oss and the consolidated Cash $lo, !tatement +or the year then ended0
and a summary o+ signi+icant accounting policies and other eDplanatory in+ormation.
Mana)ement6s (esponsi?iit# for the Consoidated =inancia Statements
Management is responsible +or the preparation o+ these consolidated +inancial statements that give a true and
+air vie, o+ the consolidated +inancial position0 consolidated +inancial per+ormance and consolidated cash +lo,s
o+ the Company in accordance ,ith accounting principles generally accepted in @ndia. #his responsibility
includes the design0 implementation and maintenance o+ internal control relevant to the preparation and
presentation o+ the consolidated +inancial statements that give a true and +air vie, and are +ree +rom material
misstatement0 ,hether due to +raud or error.
Auditor6s (esponsi?iit#
Fur responsibility is to eDpress an opinion on these consolidated +inancial statements based on our audit. Ee
conducted our audit in accordance ,ith the !tandards on uditing issued by the @nstitute o+ Chartered ccountants o+
@ndia. #hose !tandards reHuire that ,e comply ,ith ethical reHuirements and plan and per+orm the audit to obtain
reasonable assurance about ,hether the consolidated +inancial statements are +ree +rom material misstatement.
n audit involves per+orming procedures to obtain audit evidence about the amounts and disclosures in the
consolidated +inancial statements. #he procedures selected depend on the auditor8s judgement0 including the
assessment o+ the risks o+ material misstatement o+ the consolidated +inancial statements0 ,hether due to +raud or
error. @n making those risk assessments0 the auditor considers internal control relevant to the Company8s preparation
and presentation o+ the consolidated +inancial statements that give a true and +air vie, in order to design audit
procedures that are appropriate in the circumstances but not +or the purpose o+ eDpressing an opinion on the
e++ectiveness o+ the entity8s internal control. n audit also includes evaluating the appropriateness o+ accounting
policies used and the reasonableness o+ the accounting estimates made by management0 as ,ell as evaluating the
overall presentation o+ the consolidated +inancial statements. Ee believe that the audit evidence ,e have obtained is
su++icient and appropriate to provide a basis +or our audit opinion.
$pinion
@n our opinion and to the best o+ our in+ormation and according to the eDplanations given to us0 the
consolidated +inancial statements give a true and +air vie, in con+ormity ,ith the accounting principles
generally accepted in @ndiaA
(1) in the case o+ the consolidated 'alance !heet0 o+ the state o+ a++airs o+ the Company as at 7ecember 310 /213B
(2) in the case o+ the consolidated !tatement o+ *ro+it and )oss0 o+ the pro+it +or the year ended on that dateB and
(3) in the case o+ the consolidated Cash $lo, !tatement0 o+ the cash +lo,s +or the year ended on that date.
$ther Matter
Ee did not audit total assets o+ Rs. ./../million as at 7ecember 310 /2130 total revenues o+ Rs. 1..; million
and net cash out+lo,s amounting to Rs. 4./4 million +or the year then ended0 included in the accompanying
consolidated +inancial statements in respect o+ subsidiaries0 ,hose +inancial statements and other +inancial
in+ormation have been audited by other auditors and ,hose reports have been +urnished to us. Fur opinion0 in
so +ar as it relates to the a++airs o+ such subsidiaries is based solely on the report o+ other auditors. Fur opinion
is not Huali+ied in respect o+ this matter.
=or S,(,BATLIB$I & C$, LL&
@C@ $irm Registration No.A 321223"
Chartered ccountants
per (a-iv Go#a
*lace o+ !ignature A Gurgaon *artner
7ateA $ebruary 1/0 /21. Membership No.A :.;.:
6:
BATA INDIA LIMITED BG($5&C
C$NS$LIDATED BALANCE S;EET AS AT 32ST DECEMBE(, 9123
Notes As at s at
32,29,9123
31.1/./2
1/
(s, miions
Rs.
millions
EG5IT: AND LIABILITIES
Sharehoders6 funds
!hare capital 3 +79,+7 9./.9.
Reserves and surplus . 0,0@+,21 903.4.46
8,3A8,07 90::2../
Non/current ia?iities
#rade payables ; 0A9,0@ ;91.12
0A9,0@ ;91.12
Current ia?iities
#rade payables ; 9,8+2,79 /0169.2/
Fther current liabilities ; 80+,+3 4;:...
!hort-term provisions 9 8A1,+8 4:6.32
7,+98,03 304.3.49
Tota 23,891,99
110/:;./
6
ASSETS
Non/current assets
$iDed assets
#angible assets 4 9,70@,23 /0./4.9.
@ntangible assets 6 0,A2 9.49
Capital ,ork-in-progress 930,10 161.14
Non-current investments : 1,11 2.22
7e+erred taD assets <net= 12 +81,0A ..3.;:
)ong-term loans and advances 11 2,280,02 ::4.46
Fther non-current assets 13./ D 11./:
7,@88,+2 .0296./3
Current assets
@nventories 1/ @,89+,A7 .09/2.:/
#rade receivables 13.1 @1A,91 ..:..4
Cash and bank balances 1. 9,@@0,@9 10649.6;
!hort-term loans and advances 11 99@,07 /11...
Fther current assets 13./ 229,92 96.34
A,932,+2 40//4.2;
Tota 23,891,99
110/:;./
6
!ummary o+ signi+icant accounting policies /.3
The accompan#in) notes are an inte)ra part of the financia
statements
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL& (an-it Mathur (a-eev Gopaa'rishnan
@C@ $irm Registration No.A 321223" 7irector $inance Managing 7irector
Chartered ccountants 7@NA 23;;1/:1
7@NA
23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.:
Mao# .umar
Gupta
5da#
.hanna
*lace A Gurgaon
Company
!ecretary Chairman
7ate A $ebruary 1/0 /21.
7@NA
2224:1/:
:2
BATA INDIA LIMITED BG($5&C
C$NS$LIDATED STATEMENT $= &($=IT AND L$SS =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
Not
es
:ear
ended
Mear
ended
32,29,91
23 31.1/./21/
(s,
miions
Rs.
millions
Income
Revenue +rom operations <gross= 1;
91,A87,1
+ 160414.;.
)essA eDcise duty
339,
39 /:3.21
Revenue +rom operations <net=
91,+@2,0
7 160./..;3
Fther income 19
327,
A9 322.;4
Tota revenue
91,A++,+
+ 1604/;.12
E"penses
Cost o+ ra, material and components consumed 14 3,37@,8+ /0:;/.1:
*urchase o+ traded goods 16 0,398,++ 903/3.21
<@ncrease=& decrease in inventories o+ +inished
goods0
,ork-in-progress and traded goods 16
B2,28+,1@
C <;:..44=
"mployee bene+its eDpense 1: 9,233,29 10:;:.33
Fther eDpenses /2 @,821,@2 ;023..62
7epreciation and amortiGation eDpense /1
@A0,A
7 ;/2.6;
)essA recoupment +rom revaluation reserve B@,0@C <9.66=
Net depreciation and amortiGation eDpense
@A9,
2A ;13.:4
$inance costs //
29,A
A 12.3/
"Dceptional item /3
211,
00 P
Tota E"penses
28,238,1
@ 1901:6.6;
&rofit ?efore ta" 9,898,+2 /0;/9./;
Ta" e"penses
Current taD
*ertaining to pro+it&<loss= +or the current year 2,2@+,00 :12./3
djustment o+ taD relating to earlier years D <3.36=
7e+erred taD <credit=&charge B930,91C <121...=
Tota ta" e"penses
A2A,
@0 62;..1
&rofit for the #ear 2,A1A,17 104/2.6.
Earnin)s per eJuit# share Hnomina vaue of
share (s,21 B&revious #ear* (s,21CI /.
Earnin)s per share B?asic & diutedC B(s,C
9A,0
2 /9.46
!ummary o+ signi+icant accounting policies /.3
The accompan#in) notes are an inte)ra part of the financia
statements
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL&
(an-it
Mathur (a-eev Gopaa'rishnan
@C@ $irm Registration No.A 321223"
7irector
$inance Managing 7irector
Chartered ccountants
7@NA
23;;1/:1 7@NA 23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.:
Mao# .umar
Gupta 5da# .hanna
*lace A Gurgaon
Company
!ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
:1
BATA INDIA LIMITED BG($5&C
C$NS$LIDATED CAS; =L$% STATEMENT =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
:ear ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
CAS; =L$% =($M $&E(ATING ACTI4ITIES
*ro+it be+ore taD 9,898,+2 /0;/9./;
Non/cash ad-ustment to reconcie profit ?efore ta" to net cash foEs
7epreciation&amortiGation <net= @A9,2A ;13.:4
)iabilities no longer reHuired ,ritten back B9,02C <31.3.=
)ease rent straightlining 973,2+ 193.:3
)oss on 7isposal o+ $iDed ssets <net= 38,08 6.3.
*rovision +or 7oubt+ul 7ebts ( dvances 29,9@ 11./;
UnrealiGed +oreign eDchange gain D <2.26=
@nterest eDpense 29,AA 12.3/
@nterest income B287,@+C <1/:.3/=
Fperating pro+it be+ore ,orking capital changes 3,@71,02 30243.3/
Movements in ,orking capital A
@ncrease&<decrease= in trade payables +08,38 ..3.91
@ncrease & <decrease= in long-term provisions D </19./.=
@ncrease & <decrease= in short-term provisions A,9+ /1;.6.
@ncrease&<decrease= in other current liabilities B290,8@C <34.11=
@ncrease& <decrease= in other long-term trade payables 932,+@ 1;1.;9
7ecrease&<increase= in trade receivables B@A,03C <13;.;.=
7ecrease&<increase= in inventories B2,91+,13C <424.42=
7ecrease & <increase= in long-term loans and advances B29@,7+C <1:3.66=
7ecrease & <increase= in short-term loans and advances B9+,@+C .;.3;
7ecrease&<increase= in other current assets +,92 <;.33=
7ecrease & <increase= in other non-current assets 21,A9 <1.4/=
Cash generated +rom &<used in= operations 9,A32,@1 /093/.19
7irect taDes paid <net o+ re+unds= B2,21+,7+C <464.;6=
Net cash foE from! Bused inC operatin) activities BAC 2,89@,17 106...;6
:/
BATA INDIA LIMITED BG($5&C
C$NS$LIDATED CAS; =L$% STATEMENT =$( T;E :EA( ENDED 32ST DECEMBE(, 9123
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
CAS; =L$%S =($M IN4ESTING ACTI4ITIES
*urchase o+ +iDed assets0 including intangible assets0 CE@*
and
capital advances B820,93C <6;9.6;=
*roceeds +rom sale o+ +iDed assets 31,21 /3.66
@nvestments in bank deposits <having original maturity o+ more than three
months= B@27,+3C <;.2.1/=
@nterest received 291,97 :1.1;
Net cash foE from!Bused inC investin) activities BBC B2,282,@9C <10/61.:.=
CAS; =L$%S =($M =INANCING ACTI4ITIES
@nterest paid B29,AAC <12.3/=
7ividend paid on eHuity shares B383,02C <36..3;=
#aD on eHuity dividend paid B+@,@3C <91.;9=
Net cash foE from!Bused inC in financin) activities BCC B7+9,93C <.;9./3=
Net increase&<decrease= in cash and cash eHuivalents < T ' T C= 282,31 129..1
Cash and cash eHuivalents at the beginning o+ the year 332,A+ //;.;;
Cash and cash eJuivaents at the end of the #ear @23,9+ 331.:9
Components of cash and cash eJuivaents
Cash on hand 08,A8 31.;1
CheHues& dra+ts on hand D ;.22
Eith banks- on current ( cash credit accounts 799,+2 /66.92
-
- unpaid dividend accountsR 22,++ 9.43
-
- unpaid matured depositsR D 2.1/
Tota cash and cash eJuivaents Bnote 27C @23,9@ 331.:9
!ummary o+ signi+icant accounting policies
9,
3
R#he *arent Company can utiliGe these balances only to,ards settlement o+ the respective unpaid dividend and
unpaid matured deposits
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL& (an-it Mathur
(a-eev
Gopaa'rishnan
@C@ $irm Registration No.A 321223" 7irector $inance Managing 7irector
Chartered ccountants 7@NA 23;;1/:1 7@NA 23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.: Mao# .umar Gupta 5da# .hanna
*lace A Gurgaon Company !ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
:3
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
1. C$(&$(ATE IN=$(MATI$N
#he 'ata @ndia )imited <Group= is primarily engaged in the business o+ manu+acturing and trading o+
+oot,ear ( accessories through its retail and ,holesale net,ork.
2. BASIS $= &(E&A(ATI$N
2.1 &rincipes of Consoidation
#he Consolidated $inancial !tatements have been prepared on the +ollo,ing basisA
1) #he +inancial statements o+ the *arent Company and its !ubsidiary Companies have been
combined on a line by line basis by adding together the book values o+ like items o+ assets0
liabilities0 income and eDpenses a+ter +ully eliminating intra group balances and intra group
transactions resulting in unrealiGed pro+its or losses <to the eDtent cost can be recovered=0 i+ any0 as
per ccounting !tandard - /10 Consolidated $inancial !tatements0 noti+ied in the Companies
<ccounting !tandards= Rules0 /229 <as amended=.
2) #he +inancial statements o+ the !ubsidiary Companies used in the consolidation are dra,n +or the
same period as that o+ the *arent Company i.e. year ended 7ecember 310 /213.
3) )ist o+ 7omestic !ubsidiaries considered +or ConsolidationA
!l. Name o+ the Company Nature o+ Country o+ "Dtent o+ 5olding& "Dtent o+ 5olding&
No. relationship @ncorporation %oting *o,er <Q= %oting *o,er <Q=
as on as on
7ecember 310 7ecember 310
/213 /21/
1.
'ata *roperties
)imited !ubsidiary @ndia 122.22 122.22
/. Coastal Commercial ( !ubsidiary @ndia 122.22 122.22
"Dim )imited
4) s +ar as possible0 the Consolidated $inancial !tatements have been prepared using uni+orm
accounting policies +or like transactions and other events in similar circumstances and are presented
to the eDtent possible0 in the same manner as the *arent Company8s separate +inancial statements.
7i++erences0 i+ any0 in the accounting policies have been disclosed separately.
2.2 Basis of Accountin)
#he Consolidated +inancial statements relate to 'ata @ndia )imited <*arent Company=0 and it8s !ubsidiary
Companies <hereina+ter re+erred as the >Group?=. #he +inancial statements have been prepared to comply
in all material respects ,ith the ccounting !tandard noti+ied under Companies ct0 1:;9 read ,ith
General Circular 1;&/213 dated 13th !eptember /2130 issued by the Ministry o+ Corporate ++airs0 in
respect o+ section 133 o+ the Companies ct0 /213. #he +inancial statements have been prepared under
the historical cost convention on an accrual basis eDcept in case o+ assets +or ,hich provision +or
impairment is made and revaluation is carried out. #he accounting policies have been consistently
applied by the Group and are consistent ,ith those used in the previous year.
:.
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
9,3 Summar# of si)nificant accountin) poicies
1. 5se of estimates
#he preparation o+ +inancial statements in con+ormity ,ith generally accepted accounting principles
reHuires management to make estimates and assumptions that a++ect the reported amounts o+ assets and
liabilities and disclosure o+ contingent liabilities at the date o+ the +inancial statements and the results o+
operations during the reporting period. lthough these estimates are based upon management8s best
kno,ledge o+ current events and actions0 actual results could di++er +rom these estimates.
2. Investments
@nvestments that are readily realisable and intended to be held +or not more than a year are classi+ied as
current investments. ll other investments are classi+ied as long-term investments. Current investments
are carried at lo,er o+ cost and +air value determined on an individual investment basis. )ong-term
investments are carried at cost. 5o,ever0 provision +or diminution in value is made to recognise a decline
other than temporary in the value o+ long term investments.
3. =i"ed Assets
$iDed ssets are stated at cost o+ acHuisition <or revalued amounts0 as the case may be= less
accumulated depreciation and impairment losses0 i+ any. Cost comprises the purchase price and any
attributable cost o+ bringing the asset to its ,orking condition +or its intended use. @n case o+ revaluation o+
+iDed assets0 the revalued amount as determined by the valuer0 is considered in the books o+ account and
the di++erential amount is trans+erred to Revaluation Reserve. 7epreciation on the revalued amount is
trans+erred +rom Revaluation Reserve to !tatement o+ pro+it and loss.
Gains or losses arising +rom de-recognition o+ +iDed assets are measured as the di++erence bet,een the
net disposal proceeds and the carrying amount o+ the asset and are recogniGed in the statement o+ pro+it
and loss ,hen the asset is de-recogniGed.
4. Depreciation
1. $iDedssets costing belo, Rs. ;0222 are +ully depreciated in the year o+ acHuisition.
2. )ease hold improvements <)5@= included under building and +urniture ( +iDtures are amortised on
straight line basis over the period o+ lease or use+ul li+e <not eDceeding : years=0 ,hichever is lo,er.
3. 7epreciation on other +iDed ssets is provided on Eritten 7o,n %alue method at the rates based on
the estimated use+ul li+e o+ the assets0 estimated by the management ,hich is in accordance ,ith
the rates speci+ied in !chedule N@% o+ the Companiesct0 1:;9.
4. 7epreciation on +iDed assets added&disposed o++ during the year is provided on pro-rata basis ,ith
respect to date o+ acHuisition& disposal.
5. Impairment
1. #he carrying amounts o+ assets are revie,ed at each balance sheet date i+ there is any indication o+
impairment based on internal&eDternal +actors. n impairment loss is recogniGed ,herever the
carrying amount o+ an asset eDceeds its recoverable amount. #he recoverable amount is the greater
o+ the asset8s net selling price and value in use. @n assessing value in use0 the estimated +uture cash
+lo,s are discounted to their present value using a pre taD discount rate that re+lects current market
assessments o+ the time value o+ money and risk speci+ic to the asset.
:;
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
2. +ter impairment0 depreciation is provided on the revised carrying amount o+ the asset over its
remaining use+ul li+e.
6. Inventories
Ra, materials0 components0 stores and spares are valued at lo,er o+ cost and net realiGable value.
5o,ever0 ra, materials and other items held +or use in the production o+ inventories are not ,ritten do,n
belo, cost i+ the +inished products in ,hich they ,ill be incorporated are eDpected to be sold at or above
cost. Cost is determined on a ,eighted average basis.
Eork in progress and +inished goods are valued at lo,er o+ cost and net realiGable value. Cost includes
direct materials and labour and a proportion o+ manu+acturing overheads based on normal operating
capacity. Cost o+ +inished goods includes eDcise duty. Cost is determined on a ,eighted average basis.
Cost o+ traded goods includes purchase and allied costs incurred to bring inventory to its present
condition and location0 determined on $@$F basis.
Net realiGable value is the estimated selling price in the ordinary course o+ business0 less estimated costs
o+ completion and estimated costs necessary to make the sale.
7. (evenue (eco)nition
Revenue is recogniGed to the eDtent that it is probable that the economic bene+its ,ill +lo, to the Group
and the revenue can be reliably measured.
1. Sae of Goods*
Revenue is recogniGed ,hen the signi+icant risks and re,ards o+ o,nership o+ goods have passed
to the buyer0 ,hich generally coincides ,ith delivery. @t includes eDcise duty but eDcludes value
added taD&sales taD. "Dcise 7uty deducted +rom turnover <gross= is the amount that is included in the
amount o+ turnover <gross= and not the entire amount o+ liability that arose during the year.
2. Interest*
Revenue is recognised on a time proportion basis taking into account the amount outstanding and
the rate applicable.
3. E"port Benefits*
"Dport "ntitlements in the +orm o+ 7uty 7ra,back. 7uty "ntitlement *ass 'ook <7"*'= and other
schemes are recogniGed in the !tatement o+ pro+it and loss ,hen the right to receive credit as per
the terms o+ the scheme is established in respect o+ eDports made and ,hen there is no signi+icant
uncertainty regarding the ultimate collection o+ the relevant eDport proceeds.
8. =orei)n Currenc# Transactions
1. Initia (eco)nition
$oreign currency transactions are recorded in the reporting currency0 by applying to the +oreign
currency amount the eDchange rate bet,een the reporting currency and the +oreign currency at the
date o+ the transaction.
2. Conversion
$oreign currency monetary items are reported using the closing rate. Non-monetary items ,hich are
carried in terms o+ historical cost denominated in a +oreign currency are reported using the eDchange
rate at the date o+ the transaction.
:9
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
3. E"chan)e Differences
"Dchange di++erences arising on the settlement o+ monetary items or on reporting Group8s monetary
items at rates di++erent +rom those at ,hich they ,ere initially recorded during the year0 or reported in
previous +inancial statements0 are recognised as income or eDpenses in the year in ,hich they arise.
4. =orEard e"chan)e contracts entered into to hed)e forei)n currenc# ris' of an e"istin) asset!
ia?iit#
#he premium or discount arising at the inception o+ +or,ard eDchange contract is amortiGed and
recogniGed as an eDpense& income over the li+e o+ the contract. "Dchange di++erences on such
contracts0 eDcept the contracts ,hich are long-term +oreign currency monetary items0 are recogniGed
in the statement o+ pro+it and loss in the period in ,hich the eDchange rates change. ny pro+it or
loss arising on cancellation or rene,al o+ such +or,ard eDchange contract is also recogniGed as
income or eDpense +or the period.
9. Government Grants and Su?sidies
Grants and subsidies +rom the government are recogniGed ,hen there is reasonable assurance that the
grant&subsidy ,ill be received and all attaching conditions ,ill be complied ,ith.
Ehen the grant or subsidy relates to an eDpense item0 it is recogniGed as income over the periods
necessary to match them on a systematic basis to the costs0 ,hich it is intended to compensate. Ehere
the grant or subsidy relates to an asset0 its value is deducted +rom the gross value o+ the assets
concerned in arriving at the carrying amount o+ the related asset.
Government grants in the +orm o+ non-monetary assets given at a concessional rate are accounted +or on
the basis o+ their acHuisition cost.
10. BorroEin) Cost
'orro,ing costs that are directly attributable to the acHuisition or construction o+ Uuali+ying ssets0 ,hich
take substantial period o+ time to get ready +or its intended use are capitaliGed until the time all substantial
activities necessary to prepare such assets +or their intended use are complete. Fther 'orro,ing costs
are recogniGed as an eDpense in the year in ,hich they are incurred.
11. Se)ment (eportin) &oicies
1. Identification of Se)ments*
&rimar# Se)ment
Business Se)ment*
#he Group8s operating businesses are organiGed and managed separately according to the nature
o+ products0 ,ith each segment representing a strategic business unit that o++ers di++erent products
and serves di++erent markets. #he identi+ied segments are $oot,ear ( ccessories and @nvestment
in erst,hile Joint %enture +or !urplus *roperty 7evelopment.
Secondar# Se)ment
Geo)raphica Se)mentA
#he analysis o+ geographical segment is based on the geographical location o+ the customers.
#he geographical segments considered +or disclosure are as +ollo,sA
!ales ,ithin @ndia include sales to customers located ,ithin @ndia.
!ales outside @ndia include sales to customers located outside @ndia.
:4
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
2. Aocation of Common Costs*
Common allocable costs are allocated to each segment according to the relative contribution o+
each segment to the total common costs.
3. 5naocated Items *
@ncludes general corporate income and eDpense items ,hich are not allocated to any business
segment.
4. Se)ment &oicies
#he Group prepare its segment in+ormation in con+ormity ,ith the ccounting *olicies adopted +or
preparing and presenting the $inancial !tatement o+ the Group as a ,hole.
12. Intan)i?e Assets
1. Computer SoftEare AcJuired for Interna 5se
Costs relating to computer so+t,are ,hich is acHuired are capitaliGed and amortiGed on a straight-
line basis over its use+ul li+e o+ ; years.
2. (esearch and Deveopment Costs
Research costs are eDpensed as incurred. 7evelopment eDpenditure incurred on an individual
project is carried +or,ard ,hen its +uture recoverability can reasonably be regarded as assured. ny
eDpenditure carried +or,ard is amortised over the period o+ eDpected +uture sales +rom the related
project0 not eDceeding ten years.
#he carrying value o+ development cost is revie,ed +or impairment annually ,hen the asset is not
yet in use0 and other,ise ,hen events or changes in circumstances indicate that the carrying value
may not be recoverable.
13. (etirement and $ther Empo#ee Benefits
1. Gratuity liability is de+ined bene+it obligation and is provided +or on the basis o+ an actuarial valuation
on projected unit credit method. #he liability so provided is represented substantially by creation o+
separate +unds and is used to meet the liability as and ,hen it accrues +or payment in +uture.
2. #he *rovident $und <administered by a #rust= is a de+ined bene+it scheme ,here by the Group
deposits an amount determined as a +iDed percentage o+ basic pay to the +und every month. #he
bene+it vests upon commencement o+ employment. #he interest credited to the accounts o+ the
employees is adjusted on an annual basis to con+irm to the interest rate declared by the government
+or the "mployees *rovident $und. #he Guidance Note on implementing !-1;0 "mployee 'ene+its
<revised /22;= states that provident +unds set up by employers0 ,hich reHuires interest short+all to
be met by the employer0 needs to be treated as de+ined bene+it plan. #he ctuarial !ociety o+ @ndia
has issued the +inal guidance +or measurement o+ provident +und liabilities. #he Group has adopted
actuary valuation to arrive at provident +und liability as at 31st 7ecember0 /213.
3. !hort term compensated absences are provided on estimated basis. )ong term compensated
absences are provided +or based on actuarial valuation on projected unit credit method carried by an
actuary.
ccumulated leave0 ,hich is eDpected to be utiliGed ,ithin the neDt 1/ months0 is treated as short-term
employee bene+it. #he Group measures the eDpected cost o+ such absences as the additional amount that
it eDpects to pay as a result o+ the unused entitlement that has accumulated at the reporting date.
:6
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
#he Group treats accumulated leave eDpected to be carried +or,ard beyond t,elve months0 as long-
term employee bene+it +or measurement purposes. !uch long-term compensated absences are
provided +or based on the actuarial valuation using the projected unit credit method at the year-end.
ctuarial gains&losses are immediately taken to the statement o+ pro+it and loss and are not
de+erred. #he Group presents the leave as a current liability in the balance sheet0 to the eDtent it
does not have an unconditional right to de+er its settlement +or 1/ months a+ter the reporting date.
4. Retirement bene+its in the +orm o+ *ension cost is a de+ined contribution scheme and the
contributions are charged to the !tatement o+ pro+it and loss +or the year ,hen the contributions to
the respective +unds are due. #here are no other obligations other than the contribution payable to
the respective trusts.
5. ctuarial gains&losses are immediately taken to !tatement o+ pro+it and loss and are not de+erred.
6. "Dpenses incurred to,ards voluntary retirement scheme are charged to the statement o+ pro+it and
loss in the year such scheme is accepted by the employees&,orkers.
14. Leases
)eases ,here the lessor e++ectively retains substantially all the risks and bene+its o+ o,nership o+ the
leased term0 are classi+ied as operating leases. Fperating lease payments are recogniGed as an eDpense
in the !tatement o+ pro+it and loss on a straight-line basis over the lease term.
15. Ta"es on Income
#aD eDpense comprises o+ current and de+erred taD. Current income taD is measured at the amount
eDpected to be paid to the taD authorities in accordance ,ith the @ndian @ncome #aD ct0 1:91 enacted in
@ndia. 7e+erred income taDes re+lects the impact o+ current year timing di++erences bet,een taDable
income and accounting income +or the year and reversal o+ timing di++erences o+ earlier years.
7e+erred taD is measured based on the taD rates and the taD la,s enacted or substantively enacted at the
'alance !heet date. 7e+erred taD assets and de+erred taD liabilities are o++ set0 i+ a legally en+orceable
right eDists to set o++ current taD assets against current taD liabilities and the de+erred taD assets and
de+erred taD liabilities relate to the taDes on @ncome levied by the same governing taDation la,s. 7e+erred
taD assets are recognised only to the eDtent that there is reasonable certainty that su++icient +uture taDable
income ,ill be available against ,hich such de+erred taD assets can be realised.
#he carrying amount o+ de+erred taD assets are revie,ed at each balance sheet date. #he Group ,rites-do,n
the carrying amount o+ a de+erred taD asset to the eDtent that it is no longer reasonably certain or virtually
certain0 as the case may be0 that su++icient +uture taDable income ,ill not be available against ,hich de+erred
taD asset can be realised. ny such ,rite-do,n is reversed to the eDtent that it becomes reasonably certain or
virtually certain0 as the case may be0 that su++icient +uture taDable income ,ill be available.
16. &rovisions
provision is recognised ,hen there is a present obligation as a result o+ past event and it is probable
that an out+lo, o+ resources ,ill be reHuired to settle the obligation0 in respect o+ ,hich a reliable estimate
can be made. *rovisions are not discounted to its present value and are determined based on best
estimate reHuired to settle the obligation at the balance sheet date. #hese are revie,ed at each balance
sheet date and adjusted to re+lect the current best estimates.
::
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
17. Earnin)s &er Share BBasic & DiutedC
'asic earnings per share are calculated by dividing the net pro+it or loss +or the year attributable to eHuity
shareholders by the ,eighted average number o+ eHuity shares outstanding during the year. *artly paid eHuity
shares are treated as a +raction o+ an eHuity share to the eDtent that they ,ere entitled to participate in
dividends relative to a +ully paid eHuity share during the reporting year. #he ,eighted average number o+ eHuity
shares outstanding during the year is adjusted +or events o+ bonus issue0 bonus element in a rights issue to
eDisting shareholders0 share split0 and reverse share split <consolidation o+ shares=.
$or the purpose o+ calculating diluted earnings per share0 the net pro+it or loss +or the year attributable to
eHuity shareholders and the ,eighted average number o+ shares outstanding during the year are adjusted
+or the e++ects o+ all dilutive potential eHuity shares.
18. Cash and cash eJuivaents
Cash and cash eHuivalents +or the purposes o+ cash +lo, statement comprise cash at bank and in hand
and short-term investments ,ith an original maturity o+ three months or less.
3, S;A(E CA&ITAL
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
AuthoriLed shares
4202220222 <*revious yearA 4202220222= eHuity shares o+ Rs.12&- each 011,11 422.22
Issued sharesO
9.0/6;0222 <*revious yearA 9.0/6;0222= eHuity shares o+ Rs. 12&-each +79,8@ 9./.6;
Su?scri?ed and fu# paid/up shares
9.0/930442 <*revious yearA 9.0/930442= eHuity shares o+ Rs.12&- each +79,+7 9./.9.
Tota issued, su?scri?ed and fu# paid/up share capita +79,+7 9./.9.
OShares hed in a?e#ance
/10/32 <*revious yearA /10/32= eHuity shares o+ Rs. 12 each ,ere held in abeyance on account o+
pending adjudication o+ the shareholders8 right to receive those shares & inability o+ depository to establish
o,nership rights.
1. (econciiation of the shares outstandin) at the ?e)innin) and at the end of the reportin) #ear
EJuit# shares
As at 32,29,9123 s at 31.1/./21/
No, of Shares
(s,
miions No. o+ !hares
Rs.
millions
t the beginning o+ the year +7,9+3,001 +79,+7 9.0/930442 9./.9.
Futstanding at the end o+ the year +7,9+3,001 +79,+7 9.0/930442 9./.9.
2. Terms!ri)hts attached to eJuit# shares
#he *arent Company has only one class o+ eHuity shares having a par value o+ Rs.12 per share.
"ach holder o+ eHuity shares is entitled to one vote per share. #he *arent Company declares and
pays dividends in @ndian rupees. #he dividend proposed by the 'oard o+ 7irectors is subject to the
approval o+ the shareholders in the ensuing nnual General Meeting.
7uring the year0 the amount o+ per share dividend recogniGed as distributions to eHuity shareholders
,as Rs.9.;2 <*revious yearA Rs.9.22=.
@n the event o+ liHuidation o+ the *arent Company0 the holders o+ eHuity shares ,ill be entitled to
receive remaining assets o+ the company0 a+ter distribution o+ all pre+erential amounts. #he
distribution ,ill be in proportion to the number o+ eHuity shares held by the shareholders.
122
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
3. Shares hed ?# hodin) compan#
Fut o+ eHuity shares issued by the Company0 shares held by its holding company are as belo,A
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Bata BBNC B,4,, Amsterdam, The Netherands,
the hodin) compan#
3.023/04;4 <*revious yearA 330./.0122= eHuity shares o+
Rs.12&- each +ully paid 371,33 33../.
4. Detais of sharehoders hodin) more than @K shares in the &arent Compan#
As at 32,29,9123 s at 31.1/./21/
No, of
Shares
K
;odin)
No. o+
!hares
Q
5olding
in the
cass
in the
class
EJuit# shares of (s,21 each
fu# paid
'ata <'N= '.%.0 msterdam0 #he
Netherlands0 the holding company 37,139,0@0 @9,A+K 330./.0122 ;/.21Q
12
1
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
7, (ESE(4ES AND S5(&L5S
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Securities premium account
'alance as per the last +inancial statements @12,3+ ;21.39
Cosin) ?aance @12,3+ ;21.39
(evauation reserve
'alance as per the last +inancial statements 988,@@ /:9./1
)essA used on sold& discarded +iDed assets B3,9AC <2.46=
)essA amount trans+erred to the statement o+
pro+it and loss as reduction +rom depreciation B@,0@C <9.66=
Cosin) ?aance 90A,@2 /66.;;
Genera reserve
'alance as per the last +inancial statements A1+,3@ 43..4;
ddA amount trans+erred +rom surplus balance in the
statement o+ pro+it and loss 2A1,07 141.92
Cosin) ?aance 2,1A0,1A :29.3;
Surpus in the statement of profit and oss
'alance as per last +inancial statements 7,+@2,@9 30;;2..1
*ro+it +or the year 2,A1A,17 104/2.6.
mount available +or appropriations +,@+1,@+ ;0/41./;
)essA ppropriations
*roposed +inal eHuity dividend <amount per share Rs.9.;2 B720,02C <36;.;6=
<*revious yearA Rs. 9.22==
#aD on proposed eHuity dividend <@ncluding Rs./.:6 millions B03,A0C <9/.;;=
<*revious year Rs. N@)= +or previous year=
#rans+er to general reserve B2A1,07C <141.92=
#otal appropriations B+89,79C <91:.43=
Net surpus in the statement of profit and oss @,808,27 .09;1.;/
Tota reserves and surpus 0,0@+,21 903.4.46
12
/
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
5. T(ADE &A:ABLES AND $T;E( LIABILITIES
Current Non/current
As at s at As at s at
32,29,912
3 31.1/./21/
32,29,912
3 31.1/./21/
(s,
miions
Rs.
millions
(s,
miions
Rs.
millions
#rade payables <including acceptances=
<re+er note 3. +or details o+ dues to micro
and small enterprises= 9,8+2,79 /0169.2/ 0A9,0@ ;91.12
$ther ia?iities
*ayable +or capital goods 2A+,9+ 1:3.62 D P
dvance +rom customers 7@,10 12.32 D P
Unearned revenue 3,78 1.;6 D P
@nvestor education and protection $und
,ill be credited by +ollo,ing amounts
<as and ,hen due=A
Unpaid dividend 8,+1 9.43 D P
Unpaid matured deposits D 2.93 D P
FthersA
7eposit +rom agents and +ranchisees 311,A1 /94..6 D P
!tatutory *ayables 399,39 /46.:/ D P
80+,+3 4;:... D P
3,038,1@ /0:.;..9 0A9,0@ ;91.12
+, &($4ISI$NS
Short/term Lon)/term
As at s at As at s at
32,29,912
3 31.1/./21/
32,29,912
3 31.1/./21/
(s,
miions
Rs.
millions
(s,
miions
Rs.
millions
&rovision for empo#ee ?enefits
*rovision +or leave bene+its 31,@+ 31.49 D P
31,@+ 31.49 D P
$ther provisions
*rovision +or ,arranties 29,10 6.2; D P
*rovision +or contingencies 997,02 /16./4 D P
*rovision +or taDation <net= 237,+7 :/.2: D P
*roposed eHuity dividend 720,02 36;.;6 D P
*rovision +or taD on proposed eHuity
dividend 01,AA 9/.;; D P
8+1,29 499.;. D P
8A1,+8 4:6.32 D P
12
3
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
&rovision for Earranties
#he ,arranty claim provision covers the eDpenses relating to the cost o+ products sold. *rovision in
respect o+ ,arranties is made on the basis o+ valuation carried out by an independent actuary as at year
end. @t is eDpected that cost ,ill be incurred over the ,arranty period as per the ,arranty terms.
As at s at
32,29,9123 31.1/./21/
(s, miions Rs. millions
t the beginning o+ the year 8,1@ 12./4
rising during the year 297,18
129./
2
UtiliGed during the year
B21A,0A
C
<:/.4
:=
Unused amounts reversed B21,90C
<1;.9
3=
At the end of the #ear 29,10 6.2;
&rovision for contin)encies
#he breakup and movement o+ provision +or contingencies are as +ollo,sA <Rs. Millions=
&articuars ESI La?our Case, Lia?iit# for Land Tota
;ouse Ta" Deveopment
and $ther B(efer note 9+C
Civi Cases
9123
91
29 9123 9129 9123 9129 9123 9129
Fpening balance
as on 1st Jan 1./4
1./
4 2.49 3.:; /19./. /19./.
/16./
4
//1..
9
dditions 4.63 P ..9. /./4 P P 1/..4 /./4
UtiliGed 3.:. P /.2: ;..9 P P 9.23 ;..9
Reversals P P P P P P P P
Closing balance
as on 31st 7ec ;.19
1./
4 3.31 2.49 /19./. /19./.
//..4
1
/16./
4
#he *arent Company sets up and maintains provision +or trade related and other litigations or disputes
,hen a reasonable estimate can be made. #he amounts o+ provisions are based upon estimates provided
by the *arent Company8s legal department0 ,hich are revisited on a timely basis. #he eDact timing o+ the
settlement o+ the litigations and conseHuently0 the out+lo, is uncertain.
@n vie, o+ large number o+ labour cases0 house taD and other civil cases0 it is not practicable to disclose
the details o+ each case separately. #he eDact timing o+ the settlement o+ the litigation and conseHuently0
the out+lo, is uncertain.
12
.
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
<Rs.
millions=
0,
TANGIBLE
ASSETS Land
Buidin)
s &ant and =urniture
4ehice
s Tota
&reviou
s
eJuipmen
t
and
fi"tures :ear
Cost or vauation
At 12,12,9123
/;/.9
2 10///./. 10649.:2 /0/;;.// /1.11
;09/6.
24 ;02/1.9/
dditions P 126.94 19;.14 .36.91 3./6
41;.4
3 44..;3
7isposals P <.1..;= <1/1.9/= <1;/.96= <2.;3=
<319./
6= <196.24=
At 32,29,9123
9@9,+
1 2,98A,7+ 2,A91,7@ 9,@72,2@ 93,8+
+,190,
@9 @,+98,18
Depreciation
At 12,12,9123 P ..:.9: 10;.2.1. 101:6.;9 1/.2.
30/22.
.3 /061;.69
Charge +or the
year P 123.46 1/;..4 39../; /.;4
;:9.2
4 ;1:.9.
7isposals P <//.69= <129.39= <11..39= <2.;3=
</...1
1= <13;.24=
At 32,29,9123 D @31,+2 2,@@A,9@ 2,778,7@ 27,18
3,@@9,
3A 3,911,73
Net Boc'
At 32,29,9123
9@9,+
1 0@8,8@ 3+2,91 2,1A9,01 A,08
9,70@,
23 9,790,+7
t 31.1/./21/
/;/.9
2 44/.;; 339.49 102;9.99 :.24
/0./4.
9. /0/2;.49
<Rs.
millions=
8, INTANGIBLE ASSETS BC$M&5TE( S$=T%A(EC
Curren
t *revious
:ear
Me
ar
Gross ?oc'
At 12,12,9123 8,3A +,@9
*urchase 3.21 /.;9
djustments P <2.9:=
At 32,29,9123 22,71 8,3A
AmortiLation
At 12,12,9123 2,+9 2,21
Charge +or the 1.64 1./1
year
djustments P <2.96=
At 32,29,9123 3,7A 2,+3
Net ?oc'
At 32,29,9123 0,A2 +,0+
t 31.1/./21/ 9.49 ;../
12
;
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
A, N$N/C5((ENT IN4ESTMENTS
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Investment in Cooperative Societies B5nJuotedC
/;2 <*revious year A /;2= !hares o+ Rs. 12 each in 'ata "mployees8
Co-operative Consumers8 !tores )imited0 5athidah 1,11 2.22
; <*revious year A ;= !hares o+ Rs. 12 each in
'hadrakali Market Co-operative !ociety )imited0 Nasik 1,11 2.22
1,11 2.22
1,11 2.22
ggregate amount o+ unHuoted investments 1,11 2.22
21, DE=E((ED TA< ASSETS BNETC
As at s at
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Deferred ta" asset
$iDed assetsA @mpact o+ di++erence bet,een taD depreciation and
depreciation& amortiGation charged +or the +inancial reporting 371,27 /3/.19
@mpact o+ eDpenditure charged to the statement o+ pro+it and
loss in the current&earlier year but allo,able +or taD purposes
on payment basis 390,32 1::.:.
*rovision +or doubt+ul debts and advances 23,37 11..:
+81,0A ..3.;:
12
9
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
22, L$ANS AND AD4ANCES
Non/current Current
As at s at As at s at
32,29,9123
31.1/./2
1/ 32,29,9123 31.1/./21/
(s,
miions
Rs.
millions
(s,
miions
Rs.
millions
Capita advances
D P Unsecured0 considered good 0A,+0 34.29
BAC 0A,+0 34.29 D P
Securit# deposit
Unsecured0 considered good 8@1,92 436.62 9+,91 .3.4.
Unsecured0 considered doubt+ul 9,10 1.6: D P
8@9,98 4.2.9: 9+,91 .3.4.
*rovision +or doubt+ul security deposit B9,10C <1.6:= D P
BBC 8@1,92 436.62 9+,91 .3.4.
Loan and advances to reated parties
Unsecured0 considered good D P A,92 9.99
BCC D P A,92 9.99
Advances recovera?e in cash or 'ind
Unsecured0 considered good D P 80,71 .4.;9
Unsecured0 considered doubt+ul D P 30,70 /;.//
D P 297,80 4/.46
*rovision +or doubt+ul advances D P B30,70C </;.//=
BDC D P 80,71 .4.;9
Baances Eith statutor#!
)overnment authorities
Unsecured0 considered good 8A,A2 6;.14 3+,7A 32.16
Unsecured0 considered doubt+ul 8,9A 6./: D P
A8,91 :3..9 3+,7A 32.16
*rovision +or doubt+ul balances ,ith
statutory& government authorities B8,9AC <6./:= D P
BEC 8A,A2 6;.14 3+,7A 32.16
$ther oans and advances
dvance income-taD
D P <net o+ provision +or taDation= 23@,89 113.:;
*repaid eDpenses 39,21 //.62 ++,77 63.32
B=C 2+0,A9 139.4; ++,77 63.32
Tota BAP B P C P D P E P =C 2,280,02 ::4.46 99@,07 /11...
29, IN4ENT$(IES B4AL5ED AT L$%E( $= C$ST AND NET (EALIFABLE 4AL5EC
As at s at
32,29,912
3 31.1/./21/
(s,
miions
Rs.
millions
Ra, materials and components <including goods in transit
Rs. ;.13 millions <*revious yearA Rs.;.1/ millions== <re+er note 14= 99A,@+ /3:.:1
Eork-in-progress <re+er note 16= 399,3+ /;4.9/
$inished goods <including goods in transit Rs.;31.;3
millions
<*revious yearA Rs.///.;6 millions== <re+er note 16=R @,9+2,+A .0113./3
!tores and spares 23,33 12.19
@,89+,A7 .09/2.:/
R$inished goods include !tock in trade0 as both are stocked together
12
4
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
2
3,
T(ADE (ECEI4ABLES AND $T;E(
ASSETS
2
3,
2 Trade receiva?es
Current
De?
ts
out
sta
ndi
n)
for
a
peri
od
e"c
eedi
n)
si"
mo
nth
s
fro
m
the
dat
e
the
#
are
due
for
pa#
me
nt
-
Unsecu
red0
conside
red
good
$ther
receiva?
es
1-
Unsecu
red0
consi
dered
good
13.2 $ther
current
assets
5n
se
cu
re
d,
co
nsi
de
r
e
d

)
o
o
d
s

u
n

e
s
s

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d

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i
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'ank
balanc
es
<note
1.=
B
B
C
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@
n
t
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r
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st
a
c
c
r
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d
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m
at
ur
it
y
+o
r
m
or
e
th
a
n
3
m
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nt
h
s
b
ut
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s
s
th
a
n
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sR

m
o
u
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di
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n
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<
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1
3
.
/
=
As at
32,29,9123
(s, miions
D
P
D
P
D
P
D
P
D
P
Non/
current
As at
32,29,9123 31.1/./21/
(s,
miions
D
D
D
D
D
D
D
D
D
D
D
D
D
D
D <12.:/=
D
505.10
505.10
509.20
As at
32,29,912
3
(s,
miions
P
P
;...;
7.71 13.:/
96.34
/66.92
9.43
D

@
,
1
1
D

1
,
2
9
31.;1
331.:
9
2.91
9
,
1
7
7
,
9
0
1
0
;
.
.
.
/
6
9
,
1
@
A
,
@
9
1
0
;
.
.
.
6
:
B
2
@
,
9
@
C
P
9
,
@
@
0
,
@
9
1
0
6
4
9
.
6
;
R@ncludes
deposit
pledged ,ith
banks o+
Rs.1../4
millions
<*revious
year
Rs.1../4
millions=.
126
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
2@, (E4EN5E =($M $&E(ATI$NS
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
(evenue from operations
Sae of products
$inished goods 91,A09,28 16042;..9
$ther operatin) revenue
Fthers <including eDport incentives0 scrap sales etc.= 22,88 1/.26
(evenue from operations B)rossC 91,A87,1+ 160414.;.
)essA "Dcise duty R 339,39 /:3.21
(evenue from operations BnetC 91,+@2,07 160./..;3
R "Dcise duty on sales amounting to Rs. 33/.3/ millions <*revious yearA Rs. /:3.21 millions= has been
reduced +rom sales in statement o+ pro+it ( loss and di++erential eDcise duty on opening and closing stock
o+ manu+actured +inished goods amounting to Rs. /4.1; millions <*revious MearA Rs. ...62 millions= has
been adjusted +rom <increase=&decrease in inventories in note 16.
Detais of products sod
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
$oot,ear 2A,870,02 140494.;6
Fthers 2,297,70 :34.66
91,A09,28 16042;..9
2+, $T;E( INC$ME
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Interest income on
- 'ank deposits 282,28 116.//
- Fthers 3,30 11.12
Gain on $oreign "Dchange $luctuations <Net= 0,9A 9.49
*rovision no )onger ReHuired Eritten 'ack 9,02 31.3.
@nsurance Claim Received 1,0+ :.91
Fther Non-Fperating @ncome 22A,+2 1/3.;.
327,A9 322.;4
12
:
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
20, C$ST $= (A% MATE(IAL AND C$M&$NENTS C$NS5MED
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
@nventory at the beginning o+ the year 93A,A2 143.2;
ddA *urchases 3,33@,@2 3021:.2;
3,@0@,79 301:/.12
)essA inventory at the end o+ the year 99A,@+ /3:.:1
Cost o+ ra, material and components consumed 3,37@,8+ /0:;/.1:
Detais of raE materia and components consumed
)eather <natural and synthetic= @@@,19 ..4.29
Rubber 918,21 /24.9.
#eDtiles 9@@,00 /2..9/
Chemical +23,09 ;91.3:
*ackaging 921,7+ /92.1.
Job processing charges 373,80 /42.3:
Fther Materials 2,2@8,A9 10222.:;
3,37@,8+ /0:;/.1:
Detais of inventor#
(aE materias and components
)eather <natural and synthetic= +2,3+ .9.32
Rubber 97,7+ 3..;6
#eDtiles 9A,@A 33.33
Chemical 79,+3 ;2.:4
*ackaging @,17 ;./:
Fther Materials ++,78 9:...
99A,@+ /3:.:1
112
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
28, BINC(EASEC ! DEC(EASE IN IN4ENT$(IES
:ear ended
Mear
ended
BIncreas
eC!
32,29,9123 31.1/./21/
decreas
e
(s, miions
Rs.
millions
Rs.
millions
Inventories at the end of the #ear
:ear
ended
32,29,9123
$inished goods @,9+2,+A .0113./3 B2,278,7+C
Eork-in-progress 399,3+ /;4.9/ B+7,07C
@,@87,1@ .0342.6; B2,923,91C
Inventories at the ?e)innin) of the #ear
Mear
ended
31.1/./21/
$inished goods 7,223,93 30.:..:; <916./6=
Eork-in-progress 9@0,+9 /39.33 </1./:=
7,301,8@ 30431./6 <93:.;4=
B2,923,91C <93:.;4=
<@ncrease=&decrease o+ eDcise duty on
change in inventories 90,2@ ...62
#otal <increase=&decrease B2,28+,1@C <;:..44=
Detais of purchase of traded )oods
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
$oot,ear +,8++,0+ ;0:19.;;
Fthers 7+2,A1 .29..9
0,398,++ 903/3.21
Detais of inventor#
=inished )oods
$oot,ear @,1@1,A7 30:32.::
Fthers 921,0@ 16/./.
@,9+2,+A .0113./3
%or'/in/pro)ress
$oot,ear 399,3+ /;4.9/
399,3+ /;4.9/
2A, EM&L$:EE BENE=ITS E<&ENSE
!alaries0 ,ages and bonus 2,8A7,7@ 104/4.2/
Contribution to provident and other +unds 290,31 114.64
Gratuity eDpense <re+er note 33= 92,+A /1..4
!ta++ ,el+are eDpenses 8A,+8 :/.:4
9,233,29 10:;:.33
111
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
91, $T;E( E<&ENSES
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
Consumption o+ stores and spares 39,+9 31.:/
*o,er and +uel @29,98 ..9.22
$reight 798,80 .24.3.
Rent <net= KRe+er note /4L 9,+28,82 /01;/.41
<@ncluding impact o+ straight lining o+ lease rent Rs. /.3.19 millions
<*revious yearA Rs. 193.:; millions==
Rates and taDes 203,7+ 132.29
@nsurance 01,2+ 94..:
Repairs and maintenance
*lant and machinery 32,19 31.2.
'uildings 70,17 .9.6.
Fthers 97,80 /2.94
dvertising and sales promotion 23A,78 1;9.:2
!ales commission +79,2A ;9..9.
)egal and pro+essional +eesR 217,@0 13:..3
#echnical collaboration +ee 910,@8 146.41
*rovision +or doubt+ul debt0 loans0 advances etc. 29,9@ 11./;
)oss on sale&discard o+ +iDed assets <net= 38,08 6.3.
'ank charges 228,92 12:.;:
Miscellaneous eDpenses +18,39 ;31.64
@,821,@2 ;023..62
O&a#ment to auditor Bunder e)a & professiona feesC
s auditor @,83 ;.66
In other capacit#*
Fther services <certi+ication +ees= 1,93 2..;
Reimbursement o+ eDpenses 9,13 2.61
8,1A 4.1.
92, DE&(ECIATI$N AND AM$(TIFATI$N E<&ENSE
7epreciation o+ tangible assets @A+,10 ;1:.9.
mortiGation o+ intangible assets 2,80 1./1
@A0,A7 ;/2.6;
)essA recoupment +rom revaluation reserve @,0@ 9.66
@A9,2A ;13.:4
11/
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
9
9
, =INANCE C$STS :ear
ended
Mear
ended
32,29,9123 31.1/./21/
(s, miions
Rs.
millions
@nterest 29,AA 12.3/
29,AA 12.3/
9
3
, E<CE&TI$NAL ITEM
%R! eDpenses 211,00 P
<re+er note /.3 m<vi==
211,00 P
7uring the year0 the *arent Company had announced a %oluntary Retirement !cheme <%R!= +or the
,orkmen o+ its Mokameh Unit and incurred the above amount on those ,ho have opted +or the scheme.
24. EA(NINGS &E( S;A(E BE&SC
#he +ollo,ing re+lects the pro+it and share data used in the basic and diluted "*! computationsA
:ear
ended
Mear
ended
32,29,9123 31.1/./21/
*ro+it a+ter taD <Rs. millions= 2,A1A,17 104/2.6.
Eeighted average number o+ eHuity shares in calculating basic "*! +7,9+3,001 9.0/930442
'asic and 7iluted "*! <Rs.= 9A,02 /9.46
25. Note 1: includes R(7 eDpenses o+ Rs..3.6: millions <*revious year Rs. /:..6 millions= and Note /2
includes R(7 eDpenses o+ Rs. /2.:9 millions <*revious year Rs. 19.3. millions=.
26. #he *arent Company entered into a joint venture agreement +or the development o+ the to,nship at
'atanagar ,ith Riverbank 7evelopers *rivate )imited <R7*)= in earlier years. @n pril /2120 ,hile
retaining the legal title over the land at 'atanagar *roject and shares in the erst,hile Joint %enture
Company <R7*)=0 the *arent Company restructured its agreements ,ith revised terms and conditions +or
the development o+ the modern integrated to,nship project at 'atanagar.
s per the order o+ the Government o+ Eest 'engal <GFE'=0 the total obligation on the *arent Company
to,ards development o+ employee housing colony ,as Rs. 9;2.22 millions0 the *arent Company had
recorded a liability o+ Rs. /19./. millions +or obligation yet to be +ul+illed to,ards the balance 3/;0222
sHuare +eet o+ employee housing colony in earlier years <also re+er note 31 <b= ( <c= =. s per the above-
mentioned agreement0 any liability arising on account o+ non-compliance o+ terms and conditions o+
GFE' order ,ill be borne by the erst,hile J% Company.
7uring the year0 the *arent Company has signed an addendum to the development agreement ,hereby the *arent
Company ,ill no, receive constructed area o+ 33/0232 sHuare +eet against 3/;0222 sHuare +eet +rom R7*).
#he *arent Company along,ith R7*) approached the GFE' +or eDtension o+ the time limit0 ,hich has been
principally agreed by GFE' and the revised order is a,aited. #he *arent Company does not eDpect any
variation +rom principally agreed terms and conditions and conseHuently no impact on the +inancial statements.
27. LEASES
ssets #aken on Fperating )ease
1) #he Group has taken various residential0 o++ice0 ,arehouse and shop premises under operating
lease agreements. #he lease agreements generally have an escalation clause and there are no
subleases. #hese leases are generally not non-cancellable and are rene,able by mutual consent on
mutually agreed terms. #here are no restrictions imposed by lease agreements.
2) #he aggregate lease rentals payables are charged as 8Rent8 in Note /2.
113
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
#he +uture minimum lease payments under non-cancellable operating leases are as +ollo,sA
<Rs. million=
Lease rentas 31-7ec-13 31-7ec-1/
Eithin one year 9/.93 36.64
+ter one year but not more than +ive years 3..: /.4.
More than +ive years P P
28. DE(I4ATI4E INST(5MENTS AND 5N;EDGED =$(EIGN C5((ENC: E<&$S5(E, %;IC; A(E
N$T INTENDED =$( T(ADING $( S&EC5LATI$N &5(&$SE
=orEard Contract outstandin) as at ?aance sheet date
&articuars of =orEard
Currenc
# 9123 9129
&urpo
se
Contracts
*urchase U!7
1026902.3.3
/ .6602/..99
5edge o+ #rade
*ayable
&articuars of 5nhed)ed forei)n currenc# e"posure as at the ?aance sheet date,
&articuars of 5nhed)ed forei)n Amount in =orei)n Currenc#
Amount in Indian
Currenc#
currenc# e"posure B(s, miionsC
Currenc
# 9123 9129 9123 9129
U!7
.260691.26
C
./60:96.92
C /;..9 /3.99
#rade payables Rs. 9/./9 Rs. ;;.19
"URF P
/90142.22
C P 1.:1
Rs. 43.2:
U!7
343033;..3
C
11/0.;6..4
C //.:3 9.11
dvance +or @mport
Rs. 91../ Rs. ;..3.
purchases
"URF P 926./; C P 2.2.
Rs. 41.;:
dvance +rom Customer
U!7 90;44.22C
/20222.22
C 2..1 1.12
Rs. 9/./9 ;;.19
#rade receivables U!7 /6/0246..2 :;01:9.62 14.33 ;.14
C C
Rs. 91../ Rs. ;..3.
29. SEGMENT (E&$(TING
#he Company operates in t,o segments - $oot,ear ( ccessories and !urplus *roperty 7evelopment.
#he Company has chosen business segments as its primary segments considering the dominant source
and nature o+ risks and returns and the internal organisation and management structure.
A description of the t#pes of products and services provided ?# each reporta?e se)ment is as
fooEs*
=ootEear & AccessoriesA #he !egment is engaged in the business o+ manu+acturing and trading o+
+oot,ear and accessories items through its retail and ,holesale net,ork.
Surpus &ropert# Deveopment A #he segment is involved in development o+ surplus property at 'atanagar.
11.
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
A
, &(IMA(: SEGMENT DISCL$S5(E
Rs.
millions
&articuars =ootEear & Surpus &ropert# Tota
Accessories Deveopment
9123 9129 9123 9129 9123 9129
(E4EN5E
"Dternal #urnover
/209;1.4
. 160./..;3 P P /209;1.4. 160./..;3
Fther incomeR 132.34 141./. P P 132.34 141./;
(ES5LT /099;.13 /0.1...2 P P /099;.13 /0.1...2
Unallocated Corporate
"Dpenses <6.2:= <4.1.=
Fperating *ro+it /09;4.2. /0.24./9
@nterest "Dpenses <1/.::= <12.3/=
V @nterest @ncome 16..;9 1/:.3/
@ncome #aDes <:1:.;6= <62;..1=
Net *ro+it 10:2:.23 104/2.6;
$T;E( IN=$(MATI$N
!egment assets
1/0:1..3
9 120963./: P P 1/0:1..39 120963./:
Unallocated corporate assets :2;.69 911.::
#otal assets 1306/2.// 110/:;./6
!egment liabilities .0;9/.43 30;.2..1 /19./. /19./. .0446.:4 304;9.9;
Unallocated corporate
liabilities 9./.;1 ;.6.//
#otal liabilities ;0./1..6 .032..64
Capital eDpenditure 614./. 6;9.6; P P 614./. 6;9.6;
7epreciation ;:2.3/ ;1/.49 P P ;:2.3/ ;1/.49
mortisation 1.64 1./1 P P 1.64 1./1
Non-cash eDpenses other than
depreciation and amortisation 1/./; 11./; P P 1/./; 11./;
R Fther income as reported does not include the interest income amounting to Rs.1/:.3/ millions
<*revious year Rs. :1.31 millions=
2. IN=$(MATI$N AB$5T SEC$NDA(: SEGMENTS
a= Revenue ( !undry 7ebtors as per Geographical Markets
Rs.
millions
&articuars (evenue Trade (eceiva?es
9123 9129 9123 9129
@ndia /20;2..94 160/4..41 .:/./; ..1.:9
Futside @ndia 1.4.24 1.:.6/ 19.:; 4.;1
#otal /209;1.4. 160./..;3 ;2:./2 ..:..4
2) #he Group has common +iDed assets +or producing goods +or 7omestic Market and Fverseas Market.
5ence0 separate +igures +or +iDed assets & additions to +iDed assets cannot be +urnished.
11;
1
1
9
31, A, (eated &art#
Transactions <Rs. in millions=
Nature of Transaction ;odin) Compan# =eoE Su?sidiaries
Transactions Eith
.e# Tota
Mana)ement &ersons
#ransactio
n
Futstandin
g
#ransactio
n
Futstandin
g
#ransactio
n
Futstandin
g
#ransactio
n
Futstandin
g
%alue 'alance %alue 'alance %alue 'alance %alue 'alance
!ales /213 Q Q 92,7@ 7,97 Q Q 92,7@ 7,97
<Re+er 32'<i== /21/ S S /2.4. 1.36 S S /2.4. 1.36
*urchases /213 Q Q 2,37 Q Q Q 2,37 Q
<Re+er 32'<ii== /21/ S S /.;3 S S S /.;3 S
Reimbursement o+ /213 Q Q 9,8A 1,17 Q Q 9,8A 1,17
"Dpenses to /21/ S S ..9/ 2./. S S ..9/ 2./.
<Re+er 32'<iii==
Reimbursement o+ /213 Q Q 39,8+ A,+0 Q Q 39,8+ A,+0
"Dpenses +rom /21/ S S /9.:1 9.99 S S /9.:1 9.99
<Re+er 32'<iv==
#echnical $ee /213 Q Q 28@,11 33,87 Q Q 28@,11 33,87
<Re+er 32' <v== /21/ S S 192.22 3/.22 S S 192.22 3/.22
Royalty /213 Q Q @,0A 7,7A Q Q @,0A 7,7A
<Re+er 32' <vi== /21/ S S 2.9: - S S 2.9: S
Remuneration /213 Q Q Q Q @9,8@ Q @9,8@ Q
<Re+er 32'<vii== /21/ S S S S ...2/ S ...2/ S
7ividend *aid /213 911,@@ Q Q Q Q S 911,@@ Q
<Re+er 32'<viii== /21/ /22.;; S S S S S /22.;; S
91
23
D
E
C
E
M
B
E
(,
32
S
T
E
N
D
E
D
:
E
A
(
T
;
E
=
$
(
S
TA
T
E
M
E
N
T
S
=I
N
A
N
CI
A
L
C
$
N
S
B
G
(
$
5
&
C
L
I
M
I
T
E
D
I
N
D
I
A
B
A
T
A
$
LI
D
A
T
E
D
T
;
E
T
$
N
$
T
E
S
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
31,B, (eated &art# Transaction Detais
1. Sae of Goods*
7etails o+ sales to $ello, !ubsidiaries ,hich are material <more than 12Q o+ the total sales to the
Related *arties=A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata !hoe o+ #hailand *ublic 9123 9,3A Q
Company )imited /21/ S S
$utura $oot,ear )td. 9123 9,8+ 2,32
/21/ S S
'ata !hoe Co. <'angladesh= )td. 9123 2@,11 9,28
/21/ 1..61 2.:1
'ata !hoe Co. o+ Ceylon )td. 9123 Q S
/21/ 3.:1 2..4
2. &urchase of Goods*
7etails o+ *urchase +rom $ello, !ubsidiaries ,hich are material <more than 12Q o+ the total
*urchase +rom the Related *arties=A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata @ndustrials "urope 9123 Q Q
/21/ 1.4: S
'ata !hoe Co. <Kenya= )td. 9123 2,37 Q
/21/ S S
*.#. !epatu 'ata #bk 9123 Q Q
/21/ 2.4. S
3. (eim?ursement of E"penses to*
7etails o+ Reimbursement o+ eDpenses to $ello, !ubsidiaries ,hich are material <more than 12Q
o+ the total Reimbursement o+ eDpenses to Related *arties=A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata !hoe !ingapore *te )td. 9123 1,0A Q
/21/ 2..9 S
'ata Malaysia !7N. '57. 9123 2,2@ 1,17
/21/ 1.;6 2./.
Global $oot,ear !ervices *te )td. 9123 1,@@ Q
/21/ 1.26 S
"uro $oot,ear 5oldings !.a.r.l. 9123 1,71 Q
/21/ 2.:4 -
Compass )imited 9123 Q S
/21/ 2.;3 S
114
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
4. (eim?ursement of E"penses from*
7etails o+ Reimbursement o+ eDpenses +rom $ello, !ubsidiaries ,hich are material <more than 12Q
o+ the total Reimbursement o+ eDpenses +rom Related *arties=A
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata !hoe <!ingapore= *te )td. 9123 7,27 2,12
/21/ /.;. 1./.
"uro $oot,ear 5oldings !.a.r.l. 9123 23,+7 @,+3
/21/ 1..43 3.19
@nternational $oot,ear @nvestment '.%. 9123 23,2A 9,8@
/21/ S S
Global $oot,ear !ervices *te )td. 9123 2,72 Q
/21/ 2..3 S
$oot,ear 7istributors '% 9123 Q Q
/21/ :.2; /.1:
5. Technica Coa?oration =ees*
7etails o+ #echnical Collaboration $ees paid&payable to $ello, !ubsidiariesA
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
Global $oot,ear !ervices *te )td. 9123 28@,11 33,87
/21/ 192.22 3/.22
6. (o#at#*
7etails o+ Royalty paid&payable to $ello, !ubsidiariesA
Name of the &art# :ear Transaction 4aue $utstandin) Baance
B(s, miionsC B(s, miionsC
'ata 'rands !.a.r.l. 9123 @,0A 7,7A
/21/ 2.9: S
116
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
vii, (emuneration to Directors O*
Name of the Director :ear Transaction 4aue B(s, miionsC
Rajeev Gopalakrishnan 9123 3A,3@
/21/ /6.;4
Ranjit Mathur 9123 23,@2
/21/ 9.6/
Gigi braham 9123 Q
/21/ 9.16
$adGilah Mohd. 5ussein 9123 Q
/21/ /..;
R s the liabilities +or provident +und0 gratuity and leave encashment are provided on an actuarial
basis +or the Group as a ,hole0 the amounts pertaining to the directors are not included above.
8. Transaction Eith ;odin) Compan# *
7ividend *ayment A
Name of the &art# :ear Transaction 4aue B(s,miionsC
'# <'N= '.%. #he
Netherlands0 9123 911,@@
msterdam
/21/ /22.;;
31, C, (eated &art# Discosure
I, %here Contro E"ists*
Nature of (eationship Name
A, 5olding Company A '# <'N= '.%. #he Netherlands0 msterdam
35. %here Contro Does Not E"ists*
Nature of (eationship Name
A, Key Management *ersonnel A Rajeev Gopalakrishnan - Managing 7irector
Ranjit Mathur - 7irector $inance ,.e.+. /:.2/./21/
$adGilah Mohd. 5ussein - 7irector $inance upto
1;.2/./21/
Gigi braham - Group 'rands 7irector ,.e.+. /9.24./21/
to
1:.1/./21/
11:
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
2. $ello, !ubsidiaries ,ith ,hom transactions have taken place during the yearA
Compan# Name Compan# Name
'ata !hoe <!ingapore= *te. )td. 'ata !hoe Co. <'angladesh= )td.
Global $oot,ear !ervices *te )td. @nternational $oot,ear @nvestment '.%.
'ata Malaysia !7N. '57. 'ata !hoe o+ #hailand *ublic Company )imited
'ata !hoe Co. <Kenya= )td. 'ata 'rands !.a.r.l.
"uro $oot,ear 5oldings !.a.r.l. $utura $oot,ear )td.
'ata !hoe Co. o+ Ceylon )td. 'ata 'rands !..
"mpresas Commercials !..
31. C$NTINGENT LIABILITIES N$T &($4IDED =$( IN (ES&ECT $=*
1) Claims against *arent Company not ackno,ledged as debts includes A
Nature 9123 /21/
B(s, miionsC <Rs. millions=
"Dcise and Customs Cases 278,71 1;6.4.
!ales #aD Cases 92,81 3../2
FthersR 922,@1 /4:.96
@ncome #aD CasesRR 9A2,80 S
Tota +03,@0 .4/.9/
1* Fthers include individually small cases pertaining to rent0 labour etc.
1* 7uring earlier years0 the ssessing F++icer had revised the computation o+ Capital Gains on
>#rans+er o+ 7evelopment Rights to R5*)? in the year /224 by treating it as !hort #erm instead o+
the )ong #erm and thus raised a demand o+ Rs. /32.;; millions on the *arent Company. #he *arent
Company during the previous year had received +avourable +rom the @## Kolkata. 5o,ever @ncome
#aD 7epartment had +iled an appeal ,ith the 5igh Court against the said order.
7uring the year0 the *arent Company has received an order o+ Commissioner o+ @ncome #aD
under section /93 o+ the @ncome #aD ct0 1:91 directing the ssessing F++icer +or re-
computation o+ consideration adopted by *arent Company +or computation o+ long term capital
gain +or .M. /224-26 on trans+er o+ development rights o+ 'atanagar land to River 'ank
5olding *rivate )td <erst,hile J% company=. #he amount o+ taD liability is not mentioned in the
order. #he *arent Company has +iled an appeal to @ncome #aD ppellate #ribunal against the
said order. #he *arent Company on the basis o+ consultant8s advice believes that it has a good
case and hence no provision there against is considered necessary. s per the agreement0
liability o+ income taD on such trans+er0 i+ any0 ,ill be borne by the erst,hile J% company.
Fn the basis o+ current status o+ individual cases and as per legal advice obtained by the *arent
Company ,herever applicable0 the *arent Company is con+ident that no provision is reHuired in respect
o+ these cases at this point in time.
2) $uture obligations imposed by the Govt. o+ Eest 'engal in respect o+ property project are Rs./6.;3
millions <*revious yearA Rs. ./.13 millions=.
3) #he erst,hile J% company ,ill +ul+il the obligation o+ development o+ 66 acres <*revious MearA 66
acres= o+ land +or social and economic purposes as per conditions imposed on the *arent Company
by Government o+ Eest 'engal. #he transaction value is not ascertainable at this point o+ time.
*arent Company has taken bank guarantee +rom R7*) o+ Rs. /.2.22 millions <*revious yearA Rs.
/.2 millions=.
1/2
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
32. "stimated amount o+ contracts remaining to be eDecuted +or capital eDpenditure and not provided +or
amounted to Rs.19:.21 millions <*revious yearA Rs. 63.;1 millions=.
33. BaC Gratuit# and other post/empo#ment ?enefit pans*
#he Group has a de+ined bene+it gratuity plan. "very employee ,ho has completed +ive years or
more o+ service gets a gratuity on departure at the rate o+ 1; days salary <last dra,n salary= +or
each completed year o+ service. #he scheme is +unded through the companies o,n trust.
#he Group has also provided long term compensated absences ,hich are un+unded.
#he +ollo,ing tables summariGe the components o+ net bene+it eDpense recogniGed in the
!tatement o+ pro+it and loss and the +unded status and amounts recogniGed in the balance sheet +or
the de+ined bene+it gratuity plan.
Statement of &rofit and Loss
Net employee bene+it eDpense <recognised in Gratuity eDpense= A
<Rs.
millions=
Gratuity
/213 /21/
Current service cost 16.46 16.24
@nterest cost on bene+it obligation /6.26 /9.:1
"Dpected return on plan assets <3/.3.= <31.2;=
Net actuarial <gain= & loss recognised in the year 4.19 4.;.
*ast !ervice Cost P P
Net bene+it eDpense /1.96 /1..4
Baance sheet
7etails o+ *rovision +or gratuity
<Rs.
millions=
Gratuity
/213 /21/
7e+ined bene+it obligation 366.9/ 392...
$air value o+ plan assets .1..26 3:4.91
/;..9 34.14
*lan asset & <liability= /;..9 34.14
Changes in the present value o+ the de+ined bene+it obligation are as +ollo,sA
<Rs.
millions=
Gratuity
/213 /21/
Fpening de+ined bene+it obligation 392... 3.6.96
@nterest cost 16.46 16.24
Current service cost /6.26 /9.:1
- *lan mendments P P
'ene+its paid <...36= <9..1.=
ctuarial <gains= & losses on obligation /;.96 32.:/
Closing de+ined bene+it obligation 366.9/ 392...
1/
1
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
Changes in the +air value o+ plan assets are as +ollo,s A
<Rs.
millions=
Gratuity
/213 /21/
Fpening +air value o+ plan assets 3:4.91 364.31
"Dpected return 3/.3. 31.2;
Contributions by employer 12.22 /2.22
'ene+its paid <...36= <9..1.=
ctuarial gains & <losses= 16.;/ /3.3:
Closing +air value o+ plan assets .1..26 3:4.91
#he 7e+ined bene+it obligation amounting to Rs.366.9/ millions is +unded by assets amounting to
Rs..1..26 millions and Group has contributed Rs./;..9 millions eDcess during the year /213. #he
Group eDpects to contribute Rs./; millions <*revious Mear Rs./2.22 millions= during the year /21..
#he major categories o+ plan assets as a percentage o+ the +air value o+ total plan assets are as +ollo,sA
Gratuit
y
/213 /21/
Q Q
@nvestments 122.22
122.2
2
S Eith @nsurer .4.1. .6.:2
S Eith Government securities and 'onds ..1. ..29
S Eith !pecial deposit scheme .6.4/ .4.2.
#he overall eDpected rate o+ return on assets is determined based on the market prices prevailing
on that date0 applicable to the period over ,hich the obligation is to be settled.
#he principal assumptions used in determining gratuity and leave encashment obligations +or the
GroupJs plans are sho,n belo,A
/213 /21/
Q Q
7iscount rate :.22 6.32
"Dpected rate o+ return on assets 6.;2 6.;2
"mployee turnover
Non Management
/2-/. 2.;2 2.;2
/;-/: and ;;-92 2.32 2.32
32-3. and ;2-;. 2./2 2./2
3;-.: 2.12 2.12
Management
/2-/; ;.22 ;.22
/9-3; 3.22 3.22
39 and above 2.;2 2.;2
1/
/
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
#he estimates o+ +uture salary increases have been considered in actuarial valuation based on in+lation0
seniority0 promotion and other relevant +actors0 such as supply and demand in the employment market.
#he eDperience adjustment on account o+ actuarial assumptions o+ the Gratuity !cheme is as +ollo,sA
<Rs.
millions=
E"perience ;istor# 9123 9129 9122 9121 911A
1 7e+ined 'ene+it Fbligation at end o+
the period
<366.9
/=
<392..9
= <3.6.42=
<3.9.;
;= <3.9.:.=
/ *lan ssets at end o+ the period .1..26 3:4.91 364.31
3;/.1
6 3;3./1
3 $unded !tatus /;..9 34.1; 36.9/ ;.93 9./4
.
"Dperience Gain&<)oss= adjustments
on
plan liabilities <.;.;6= </;.94= <.2.:/=
<;;.3
3= <3;.;/=
;
"Dperience Gain&<)oss= adjustments
on
plan assets 16.;/ /3.3: /../:
<2..:
6= <2:.:;=
9
ctuarial Gain&<)oss= due to change
on
assumptions 1:.6: 2;./; 9.;4 29.46 /6.62
Contri?ution to Defined Contri?ution &ans*
91
23 9129
B(s,miionsC
B(s,miion
sC
*ension +und
/.
/3 1.43
(2) &rovident =und
#he *rovident $und <,here administered by a #rust= is a de+ined bene+it scheme ,hereby the Group
deposits an amount determined as a +iDed percentage o+ basic pay to the +und every month. #he
bene+it vests upon commencement o+ employment. #he interest credited to the accounts o+ the
employees is adjusted on an annual basis to con+irm to the interest rate declared by the government
+or the "mployees *rovident $und. s per the ctuarial !ociety o+ @ndia guidance note <GN/1= +or
measurement o+ provident +und liabilities0 the actuary has accordingly provided a valuation and based
on the belo, provided assumptions0 there is no short+all as at 31st 7ecember0 /213.
32st Decem?er
32st
Decem?er
9123 9129
B(s, miionsC
B(s,
miionsC
Contribution to provident and other +unds 1//.4. 119.1.
#he detail o+ +und and plan asset position as at 31st 7ecember0 /213 is given belo,A
32st Decem?er
32st
Decem?er
9123 9129
B(s, miionsC
B(s,
miionsC
*lan assets at +air value 3099:.29 30932.3:
*resent value o+ the de+ined bene+it obligation 30164.:1 30/:4.9/
sset recogniGed in the balance sheet N@) N@)
1/
3
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
37, DETAILS $= D5ES T$ MIC($, SMALL AND MEDI5M ENTE(&(ISES AS &E( MSMED ACT, 911+
S,
No, Detais of dues to Micro, Sma and Medium 9123 9129
Enterprises as per MSMED Act,911+
B(s,
miionsC
B(s,
miionsC
@ #he principal amount and the interest due thereon remaining
unpaid to any supplier as at the end o+ year reported
in
Current #rade *ayables
*rincipal mount Unpaid 9..26 4/.2/
@nterest 7ue P P
@@ #he amount o+ interest paid by the buyer in terms o+
section 190 o+ the Micro !mall and Medium
"nterprise
7evelopment ct0 /229 along ,ith the amounts o+
the
payment made to the supplier beyond the appointed
day during the year
*ayment made beyond the ppointed 7ate .4/.26 ;32..9
@nterest *aid beyond the ppointed 7ate P P
@@@ #he amount o+ interest due and payable +or the period o+
delay in making payment <,hich have been paid but beyond
the appointed day during the year= but ,ithout adding the
interest speci+ied under Micro !mall and Medium "nterprise
7evelopment ct0 /229. P P
@%
#he amount o+ interest accrued and remaining
unpaid at the
end o+ the yearB and P P
% #he amount o+ +urther interest remaining due and payable
even in the succeeding years0 until such date ,hen the
interest dues as above are actually paid to the small
enterprise
+or the purpose o+ disallo,ance as a deductible eDpenditure
under section /3 o+ the Micro !mall and Medium "nterprise
7evelopment ct0 /229 P P
32,29,9123 31.1/./21/
B(s,miion <Rs.millions=
sC
3@, 4AL5E $= IM&$(TS $N CI= BASIS Bon accrua ?asisC
Ra, Materials 30,7A .3.3:
!tores ( !pare 3,@8 1./6
Capital Goods 909,33 ;2./4
$inished Goods 2,217,89 :6..6/
2,728,99 1024:.49
1/
.
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(,
9123
3+, BaC Consumption of (aE Materias & 32,29,9123 31.1/./21/
Components K of tota
Q o+
total
B(s,miio
nsC
Consumpti
on
<Rs.million
s=
Consumpti
on
@mported 37,A8 2,1@ ./.;4 1...
@ndigenous 3,321,88 A8,A@ /0:2:.9/ :6.;9
3,37@,8+ 211,11 /0:;/.1: 122.22
B?C Consumption of Stores and Spare 32,29,9123 31.1/./21/
K of tota
Q o+
total
B(s,miio
nsC
Consumpti
on
<Rs.million
s=
Consumpti
on
@mported 9,01 8,98 /.64 6.:6
@ndigenous 9A,A9 A2,09 /:.2; :1.2/
39,+9 211,11 31.:/ 122.22
30, =$(EIGN C5((ENC: INC$ME & 32,29,9123 31.1/./21/
E<&ENDIT5(E
B(s,miio
nsC
B(s,miion
sC
<Rs.million
s=
<Rs.millio
ns=
@ncome - "Dports <$.F.'. value= 270,10 1.:.6/
"Dpenditure
Royalty 231,@0 69.29
#echnical Collaboration $ees 28@,11 192.22
Fthers 28,@3 337,21 /;.62 /41.69
38, (EMITTANCE IN =$(EIGN C5((ENC: $N ACC$5NT $=
DI4IDEND
32,29,91
23 31.1/./21/
7ividend on "Huity !haresR <Rs. millions= 911,@@ /22.;;
Number o+ Non-resident "Huity
!hareholders 2 1
Number o+ "Huity !hares held by them on
33,797,2
11 330./.0122
,hich dividend is paid during the year
1* 7ividend o+ Rs. /22.;; millions pertains to year /21/ </211A Rs. /22.;; millions=
1/
;
BATA INDIA LIMITED BG($5&C
N$TES T$ T;E C$NS$LIDATED =INANCIAL STATEMENTS
=$( T;E :EA( ENDED 32ST DECEMBE(, 9123
39. *revious year8s +igures have been regrouped&reclassi+ied0 ,herever necessary0 to con+orm to this year8s
classi+ication,
As per our report of even date =or and on ?ehaf of the Board of Directors
=or S,(, Bati?oi & Co, LL& (an-it Mathur
(a-eev
Gopaa'rishnan
@C@ $irm Registration No.A 321223" 7irector $inance Managing 7irector
Chartered ccountants 7@NA 23;;1/:1 7@NA 23.362.9
&er (a-iv Go#a
*artner
Membership No.A :.;.: Mao# .umar Gupta 5da# .hanna
*lace A Gurgaon Company !ecretary Chairman
7ate A $ebruary 1/0 /21. 7@NA 2224:1/:
1/
9
N$TES
N$TES