PNA LUC Td 2014-2015 ard ars eared Prva Ls FOOD ) | CORPORATION OF INDIAfara yi} / CONTENTS: eH, gfteeint at Aa yea 2 Mission, Vision and Values a al Board of Directors 4 ap on oer Tees Bankers and Auditor ray HT STOTT AKT rganisational Set up of Headquarters carat ae ua gf Operations al a Glance 10 ‘arg Fara 12 ost Analysis srr Rrae—faeet ote fecerT Management Discussion and Analysis 34-37 Balance Sheet Cash Flow Statement 60-61 fear x. 15 Heo dates “eat Note No. 15 Significant Accounting Policies 94-99 Pont a, was Note No. Ato L 104-137 ae ofa fhe ear 170-171 Ten Year Financial Review ofr Appendices 175-2072" BOD Na) QP Bae il OF INDIA wer ») 5 arersth seers A awe weer eras ee wT a eH wR TRE BY TET RET @) qPiRad @et| + aren Freer ome fre Bere A ret a Rerer | + er a Ret ah we rg seh eee ae ato | gfteotor ‘eh ate & fore she erent aA oeTereT, ea ste Tw UPAR He fre eT we, By wert FM By Gra MeeT SPS TIT ae HT THT aa A aT AH THT A LT ceed afer PT eT oh, wel A cen Fa A aT AT ATT Afera aper erent auan soft eel) wre HY areuher she Prev fan fare oa ote cara & reef ee Pe A kt se ame wT ETA from # rer ote MISSION + Ensuring food security of nation by maintaining satisfactory level of operational and buffer stocks of feodgrains. + Distribution of food grains throughout the country for Public Distribution System. + Effective Price Support Operations for safeguarding the interest of farmers. VISION ‘To play a significant roe in India’s success in transforming the crisis management oriented food security toa stable security system to ensure availabilty, accessibility and affordabilly of food grainstoall people atalltime so that noone, nowhere and atnotime gohungry. VALUES Sincerity Team work Speed Integrity & faieness in all matter Transparency and without any fear or favour Respect for dignity and potential of individuals Loyalty and pride in the Corporationaftfe far PE tag A al wea 4. ened aes fre ft were, ares Fr iam, 1964 Fe, ETH oe ee TT aeegol & aa otk gaa GE ATH ae sree” anil B ste a gE 2. sen oft a are 19 & a, Fer a sree ote ere ae sre aT aes ate, swan, ORT, garg, Rowe ste Rat we & eT 3. site @ onl, Pee dg arcane yolgphet i) ae seer ae erre # a aTETA ote Sa get oeaes # fy TIE TT il) grat sty ora re egal a shar & fae ate Po, eT Fret te ora ost wh ener stray oe eer ae A eer aR want 8 otk ii) rarer ae worm st RARER 8 see gus, see aya at ay fae A and & orgie a OBJECTIVES 1. Food Corporation of India is established under the Food Corporations Act, 1964 for the purpose of trading in foodgrains and other foodstuffs and for matters connected therewith and incidental thereto, 2. Under Section 13 of the said Act, the primary duty of the Corporation isto undertake the Purchase, Storage, Movement, Transport, Distribution & Sale of Foodgrains & Other Foodstuffs and 3. Subject as aforesaid, the Corporation may also with the previous approval of the Central Govemment,- i) promote by such means, as it thinks fit, the production of foodgrains and other foodstuf. li) setup or assist in the setting up of rice mills, flour mills and other Undertakings for the processing of foodgrains and other foodstuff and lil) discharge such other functions as may be prescribed or as are supplemental, incidental or consequential to any of the functions conferred on it.aN fresrp até / BOARD OF DIRECTORS arafl / Period aTH/Name a a /From 4 TH/To alta ve /Post Held i, om Ris rons oa Fae Pree Dr Amar Singh 07.06.2012 28.05.2018 Chairman & Managing Director, FI meh eens Siete Seam sae Pree Shvi C.Viswanath 28.05.2019 TilDate Chairman & Managing Director, FCI AV oR AR rt are ata a fata ee, weet! Ta, TEL oe fener Fare, AR A SiviPrabbas Kumar dna 29102012 THDate Adina Stren & Financial Ader Minty of Gonstmer Aas Food & Bub isbn aaa, ter arma goat oo nh), oh a ae fee Hater, Tee THT Stvi US. Chauhan ance on jo Soseay ag § Fl), Minis of Consumer ‘ars, Food & Pubic Bastibiton, Govemment of india. A be goore igo afa(gh), BR arora, a BOT Shri Mukesh Khullar 71.2008 02072013 Joint Secrtany a.) Misty of AgriouRue, 2} eiora altar ara Te vga fea (ie), gia Hare, ANI eReR ‘Shri Sanjay Lohiya 01.08.2014 Till Date ae parol (Crops). Ministry of Agriculture, Aaa co sea Freee, eye se FT Shri 8.8. Pattanak 15.07.2008 30.09.2014 Managing Director, CWC A waite Rie ona am wie Pater, asta Ten re ShviHarpreet Singh 01.10.2014 TilDate—_—_ Managing Director, we BV ea es NaTgT sar eft (are), ee ee Shvi Shyam LalMewara 29.40.2012 01.03.2014 _ Principal Secretary(Food), Govt. of Assam Bee, 38 Snag —-eftatara), done were ‘Shri D.S.Grewal 18.10.2010 ‘Till Date ‘Secretary(Food), Govt. of Punjab Alas Rie arn oer res, Yond ah Shvi Surenera Singh Khurana 19.06.2013 TilDate Former Charman, Railvay Board Bie sinraeert mame wed vost ShviA. Gopalrishnan 19.06.2013 TilDate Chartered Accountant Ai om TTT xg afta, res aoe Sivi Rudhva Gangadharan 05.09.2013 09.10.2019 Ex. Secretary, Gov of india By Rone tet ‘afte (qa), wets eR Shvi Vikas Shee! 24042014 25082018 _Secrtary(Food), Govt. of Chattisgarh sacar aa Sree afte (are), org aioe Stvi lok Shukia 19.08.2014 TilDate___—_Secretary(Food), Govt of Chattisgarh ‘ufaa_/ SECRETARY 4 /From 4 a /To Arathor es Smt Seema Kakar 2ar22012 07072018 Ha. Rie Shri PP. Singh oro72014 21.10.2014 Aon, 3. 1 Shri RK Jain 21102014 05122016 avd Agrees sin oe Smt 8. Subhalakshmi «05.12.2014 TilldateSUC SSLAD ean Annual Report a@rtont afife / EXECUTIVE COMMITTEE ‘waft / Period ari/Name waa /From wa dH/To cnt we /Post Held Si om fhe eet at aT PARTE Dr. Amar Singh 07.082012 2805203 Chairman & Managing Director 2) oh Rea ara mre se PRT Shri C.Viswanath 28052013 TilDale Chairman & Managing Director 2) weet GER ST ot ae ore afta ge Fee eremecre, wertenr aT, ware, ‘he akan Renee sare ShriPrabhas Kumar Jha 29.10.2012 TilDale Addl, Secretary & Financial Adviser, Ministry of Consumer ‘firs, Food & Publ Distribution Abra, ster era ae gw afta CHA et ae), SH aA, TE ot aaa fare Aart ShiUKS. Chauhan 29.10.2012 TilDale Joint Secretary(Policy & FCI) Ministry of Consumer Affairs, Food & Puble Distibuton 9 Big, dare ans ae ita (ere), oa ae ShiiDS. Grewal 18.10.2010 TilDate ——_Scretary(Food), Gov. of Punjab fad | SECRETARY wa 8/From m4 TH/To arch en aes ‘Smt. Seema Kakar 24.42.2012 07.07.2014 a aS, Rie ShiiPP. Singh oro72014 21.10.2014 a ane, Se Shi RK Jain 21.40.2014 05.12.2014 Ant A apa sae ‘Smt, B. Subhalakshmi 05.12.2014 Till dateat @ Wa wf Yl / CONSORTIUM OF BANKS ‘Tal FH AvH [Category of Banks ura Re Hep (pe Mm) cen gedRRge Aes ‘State Bank of Incia (Lead Bank) and Associate Banks ora arta a & te Other Public Sector Banks froft aiftere ae Private Commercial Banks rou @—amittea ap State Co-operative Banks a Total Raday geet angdidong pedis afdftn faites: ‘uf fates, ads vir, 47, ae, wer a wars wee, rE-100 001 Debenture Trustee: IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, ‘Mumbai-400 001. dearer saa Preise ue mercer oer, ware Pee eafifeee ae—uten Ga wa ee teat as — IV, ag feehh AUDITOR Comptroller and Auditor General of India, Principal Director of Commercial Audit & Ex-Officio ‘Member, Audit Board - IV, New Delhi. ‘a. INos. 20 2 24afte Rar Annual Report ce ee ee ee) |2013-14 ZONAL OFFICE (NORTH), NOIDA, UP. HORs, am. em am am. Or seen fe oer catefers arafera (eta), ag ea 2 a A ZONAL OFFICE (SOUTH), CHENNAI —rantea, re e Re: Rw, em A o 5 8 en an an am wore poms ain state arafera (aeas) eed " 5 eS e ZONAL OFFICE (WEST), MUMBAI] __Msharushre Syarat Crnsiegarh Marya Pradesh rr Ret Ra Re ® “ ° o es en aman SCR Cae atom sites er ares eR ' aastes utara | Sawn ata or ZONAL OFFICE (EAST, KOLKATA] 2 a on ae vo ce an co w “t0) am em, on en See ene Gh tie ride a aige eerste eee 0 #0 sitar wraicre (STR—T) TATE] pean EFNet dans at Pah ZONAL OFFICE (NE), GUWAHATI | “ii fear aa = * 8 a “ “aRee ata wales Ota sala “xonge Ray a ntaon, r20¥4 a) rot seleeser al=, ee QP Bae = Gai anda are Pera qenreata or Wars sia ORGANISATIONAL SET UP OF FCI HEADQUARTERS Seer / CHAIRMAN freee at / BOARD OFDIRECTORS TB area order’ afifa / EXECUTIVECOMMITTEE wae freer / CHAIRMAN & MANAGING DIRECTOR rd cy (ite) Broun ou) "ge nema (Re) ye neue (x) (Cat senders (R18) reece. (9 a Ov rand overs) remics (era) eeu fh | beware) remicw (fn) oy eos (am) cu(Prance) | beware) semice Gi) sy reas (oor) rere (ty) a see (eee eudtro(ene ert) <1 eRe (are) era) wae Presa eae ire He = 4 semdera(o Om) trae) Poros CreIenno) omy Poin ca able) oy (ererare) aera) corde Pere oo) aro T}) CALL) rer Tone) renee (Bars) won (ea te mise (or nr ft urn nen st (COORD) ew oovr) ; ment ongsre— Sy Senta (EA ree (i eS GE) erdaer (wt Ra) HEHE (Ge) Serr. Gear argue) [HEME (BE) i a (RR) ew ecunry) ew ac} man)afte Rar PME Lid | Ca 10. 1". 2, 13, aftss wae / SENIOR MANAGEMENT Moh, Rear, 8. Shri C. Viswanath, JAS 4 we. HET Shvi B.S. Mohapatra of wash, Shri SPKar aaah Shri A. K. Krachi AO. &. soo, aH. Shri D.K Bhalla, IAS 9 att Re, SR, ‘Shri Abhishek Singh, JAS Man, 3, oF Shri RiKJain gia oT Shri Sushil Nagpal 2 a Tg, Shri Subhash Zadoo arth aPae ate RAE, ara. ‘Smt Maninder Kaur Dwivedi, JAS sith yore ‘Smt. 8 Subhalakshmi 9 ait Re, A Shri Abhishek Singh, IAS Mag, Bm, TRA. Shri R.D.Nazeem, JAS om Ris Shri Surender Singh Arsh a wa ‘Smt. Seema Kakar A Ryser angen, snk geeet ‘Shri Pinuel Basumatary, |A&AS Smee) rear a ee PRR Chairman & Managing Director carer Frere (a) Executive Director Finance) andar Pree (atafter Sarat / estore we Pra) Executive Director(Internal Audit/Sales/Import &Export) ‘eran Praares (rete. AA) Executive Director(Vigilance/Law) -ardn®) Rare (en) Executive Director(Personnel) corre) Rare (eA seis / SARAH) Executive Director (Information Technology/Engineering) carder Frere (am) Executive Director(Procurement) contort Paee (steht wes) Executive Director(IR-Labour) cantar Prearas (ete) Executive Director(Stocks) candor Pree (aera) Executive Director(Transport) cenkesr®) Pea (eT) Executive Director(Coord.) ‘ordre PARare (Ere), ARH TR Executive Director(North), Addl. Charge. andar Patera (em) Executive Director(South) cantar Freee (afta) Executive Director(West) canterd Freee (i) Executive Director(East) ‘enfinr® Pere (ea a) Executive Director(North-East)FOOD zarer AY CORPORATION ef “=? GM rat ux ye gfte / OPERATIONS AT A GLANCE (131 RH eat *Aty n Millon Tonnes) (GF Value in :& Fest H F Crore) Pore Ur A Gik TE a GR ‘te %SR JOpening Stock are, are arnt va atftat ante Food grains, foodstuff & Gunnies ete 2770 5140850 28.42 49163.36, “al /Sugar 0.04 69.41 0.05 93.28 ‘art /Total 27.74 81477. 28.47 49256.64 ‘uaz (Purchases rer, ares rh el aR sa Food grins, foodstuf & Gunnies ete 50.74 103881.66 5614 t01128.30 ‘arf Sugar 0.03 66.14 0.40 798.97, ‘att /Total 50.77 103947.80, 55.54 101923.27 ‘fav /Sales wre, are arnt va atftar ote Food grains, foodstuff & Gunnies ete 5275 3826502 55.58 3929447 ari /Sugar 0.07 91.88 041 555.26 ‘art /Total 52.82 38356.90 55.99 39849.73 afar *s1 (Closing Stock Gre, Gre arnt wa atfeat ante Food grains, foodstuff & Gunnies ete. 25435148621 2770 5140850 ‘arf /Sugar 0.00 0.26 0.04 69.41 ‘att ‘Total 25.43 51486.47 2074 5147.91 s¥sreM1 eTMaT/Storage Capacity ftrar eat A /(In Million Tonnes) ‘Bad Covered UCAP _whifTotal wad [Covered BWCAP _abHTotal wat /Owned 13.00 2.65 15.65 13.00 2.63 15.63 fier 2 /Hired ae /a8 waiter CeniraliSiate Agencies 058 0.58 062 062 Steep / Temas ICWCISWC 12.66 12.66 15.20 15.20 3 Others 762 038 800 517 tat 6.28 ‘at /Total 33.86 3.03 36.89 33.99 3.74 37.73 storey ere STaPT Storage Capacity Utilisation wad (covered BUCAP_wad Covered atu cap Range 355% 18.21% ‘EaT% aay ‘at & ait # /At the end of the year 1% 14% 76% 28% ‘ATavQuantity 4TSI/Freight ‘ATat/Quantity ‘ATSUFreight (cia) & wae a) cia) & mis ®) i_Gaid /Rail Transportation (Milion Tonnes) __(Rs.Crore) __(Milion Tonnes) (Rs.Crores) ‘aTEI=T Foodgrains 4478 6433.68 40.81 5544.93 ‘arf Sugar 0.03 7.62 0.40 87.25 ‘ait /Total 44.81 6441.25 A121 5632.18SUC SSLAD ean Annual Report facfta fastvary / FINANCIAL HIGHLIGHTS (& wast A) Kin Crore) Rawr PARTICULARS 2013-14 2012-13 ster Gah ‘Authorised Capital '3500.00 3500.00 aT PRA Ene wife ge ‘Subscribed & Paid up Capital by Govt. (2675.95 2672.95 sae ost of india afar mere get PAR Reserves less losses, (20.92) (498.98) tal ea Net worth 2655.03 2173.7 ties ort eas qoPae dufaf Ga Long term borrowing throughissue of bonds 1691450 6914.50 Prater ait Capital Employed 49569.53 71088.47 fata) Peer Heer Dect in sugar distribution 60.99 431,34 ‘ea wre ufsrs}/ TOTAL FOOD SUBSIDY 2013-14 2012-13 uit = RT afr = RE fie commopiTy ated ¥ | ult Re. | axtet a] aft Pe, ‘Amount | Rate | Amount | Rate Tcrore | wat. | crore | eau. 1. suitor afer 4. Consumer Subsidy @) (2) Wheat 0805.30 | 107049 | 2e402.47| 945.31 (@) ae (b) Rice 48698,08 2011.90 | 43646.72 | 1716.56 wa aba (1 + 14) ‘Sub Total (1a + 1b) 7950338 72139.19 2. qeftra sige wl wary 2. Carrying Cost of Buffer| er A are Stocks vo ti Pera eq 1117 Mion Tonnes Pe (previous year 12.55 Mition (Rise af 1255 FIR 4) Tonnes) of food grains, (@) arta are TH ERT (a) Bufor stock held by FCI | 4984.03 4g6.28 | 5952.54| 474.46 any afta eR (3) wou RANI / TRH Zt (&) Towards reimbursement] 4986.05 2468.97 ‘snr WAR wi Ayr of carryover charges to aie State Govis/Agencies wa ait @m + 2) ‘Sub Total (2a + 2b) 9970.08 8421.51 3. We ara w afer} 3. Subsidy on coarse 18.68 3736.24 2.48 | 495.44 ‘grain 4. Ga Wiest (1+ 2 +3) 4.Total Subsidy (1+2+3) |89492.14 80563.18fee) tel T vale) aN aria fagelyr / COST ANALYSIS (© Hf Paice /€ per quintal Reawet PARTICULARS 2013-14 2012-13 ‘afeonfer arr Procurement Cost ag + Wheat 20641 262.35 a + Paddy 273.35 258.19 + alae + Rice 464.36 262.73 eras Rewer are Distribution cost of Foodgrains (i ag war) (On quantity sold) 36875 277.79 Bs HB Pave are (Ra) |) _—_DMbuti cost of levy Sugar (On Sales) 273.50 415.65,SUC SSLAD ean Annual Report sith re Pret ae anda area Peary a tanh crac @ rae oe area ast of srw fewe ont aed gy Release of Postage stamp on the occasion of Golden Jubilee of FC! by Hon'ble Minister2" BOD zarer AY CORPORATION ef aN free Rar 3B, fr} wrkwont we fet sod ale fee “epee Pitre 201314 & fy Seat wr Seay a PRT ote we ae dar Herat a RAE Rage eet GE orale seer et v8 | sa arty are ne GA) A eens ere Pe coi, 1964 @ ee 14 Gea, 1965 Bl aA mE ah] ada are rm, wre ote wba fewer fear, Sie ARS, ae ote area fewer ara, ANT ROR S orth Gp ord da aT UTE | 42 Fars, ae ae Bh are Aftat at Prenat & fag sereardh ean WHA are are Pore ar apr ol BaD Tre A ade, signe, Uae, facrer afte RA ae 8] Ferm, eRe att de TRL atk wei wer ate ent weet subg sige ste rota dra aE ae serdte aR A SM ah sare, STE 18 Re Se, STH aT A ae A (CHET) oT vet Fret Poe & itty oe ae se 8) fA thors & andr eermil @r daha Peis aT ag) cea alr erefahee Mew TE (AAG atk reapers arora} ECT ATEN BATT wT code eR eV RT Fe eT, Free ATT sare ora er are wh oe fra oT safes TTT Grae arses you ora stoner ste Rewer a ore re cea ae Peta ae & ade ar art ere PH A a ies ct HJ Cyn on Tons atie/Purchase aes & wa AB OM BL eT so, aT TIT Baer are BA ae B or wa A way ae a 2. erd_Prerea fetwarg 24 ae 2012-19 4 a wrt s00073 Ths TH fe gE A ad dha wud 30350.90 eats A FRA gE PTH rer a zorz—ia Hal af wud tors2327 wes A EB GerT Feat 2013-14 8 Bh 1g we BTU -TTE 103987.79 IS ah ag) fr 9 Rea at & dem 11159 Per en A crt Hak 2ors—14 @ thet 10358 PARE eH ee ae Wh a ies a wre Pea | anata are Perm ent wf 201-4 Y arent arene eg @ a vast | 2794 aaa 491 isi 2282 ar ane @ wu A 034 = | ose er ora = 008 | _ 004 ar 68 42.06 | 50.74 3. wie cen fea at Pre afte ger Re A, ce arse aOR ea Saher Seo nur ore et eS aT tH ra af ae, ee ate oh eer ate, ra after ot everet gr one Set oneal # sey aad ven a HeSUC SSLAD ean Annual Report 1 12 13 DIRECTORS’ REPORT Be fem see ni Fre | have the pleasure in presenting the 50" Annual Report on the working of the Corporation together with the Audited Statement of Accounts and the Auditors’ Report thereon, for, the financial year 2013-14. ‘The Food Corporation of india (FCI) was established on 14” January, 1965 under the Food Corporations Act, 1964. FCI is a Public Sector Undertaking under the Department of Food & Public Distribution, Ministry of Consumer Affairs, Food & Public Distribution, Governmentof India (GO). ‘The Corporation is the main agency responsible for execution of food policies of the Government of India. The functions of FC! primarily relate to the Purchase, Storage, Movement, Distribution and Sale of foodgrains on behalf of the Government of India. tis also engaged in the Handling, Storage and Distribution of Sugar in North Eastern States and Jammu & Kashmir and two Union Territories Andaman & Nicobar islands and Lakshadweep Islands. ‘The Government of India fixes the Minimum Support Price (MSP) of foodgrains at which procurement is made from the farmers. The Central Issue Price (CIP) of foodgrains under different Government of India Schemes and allocations of quantity of foodgrains. under Targeted Public Distribution Scheme (TPDS) and other Welfare Schemes are also fixed by the Governmentof India at which foodgrains are issued by FCI. Difference between the Economic Cost (MSP plus post procurement and distribution cost) and the Central Issue Price is the operational loss of the Corporation which is reimbursed by the Government of India as food subsidy. Besides, Government of India also reimburses the cost of carrying of butfor stock of foodgrains maintained by FCI as a part of subsidy. PERFORMANCE HIGHLIGHTS: The sales during the year was Rs.38356.90 crore as against Rs.39849.73 crore for the year 2012-13. The purchases made by the Corporation increased to Rs,103947.80 crore in 2013-14 as compared to Rs.101923.27 crore in 2012-13. The Corporation handled 103.58 milion tonnes of foodgrains and sugar during the year 2013-14 as against 111.53 million tonnes during the previous year. Purchase of foodgrains by FCI wasin 2013-14: (Qty. in million tonnes) tate Govts. Wheat 3.43, 24.51 | 27.94 Rice 4.31 17.51 | 22.42 Paddy in terms of Rice | 0.34 [034 (Coarse Grain 5 aoa | 0.04 TOTAL: Ei 42,06 | 50.74 3. PURCHASES & SALES: 3.1 The Corporation procured wheat, paddy and rice for the Central Pool independently and also through the State Governments and their Agencies. Procurement of wheat and paddy was made under price support ‘scheme whereas rice was procured under levy as per levy orders issued by the State Governments.‘aredra Baggy oop zarer AY CORPORATION feuet © any (rr faferrt eat 4) Ria pore—4 | 2012-18 [201112 cc zea | sia] 2068 ade / Atel ATT 2246 23.46 27.98, art & oA aed 034 | 048 | 0a ai 003 | 040 | oa a sort | ssa | ott ‘wrten rar a, Raster atone are eet eR eS Te aise anita E81 3.2. Gre aA Aah, are RRR ET He oY / Are ater a fare ry ommter Bare, ar erebre FReTET search & erect cea RAAT Bore thre RY Re sey, Serene wrdpal, Meare sora ASA ear eA ars /afh aac. Fe TY aT eta skeet FE OR pa A RRere aP TeT Hees eB SETA At ata aaa & feet got aro fat a ag Fore A at zor @ ahs aig @ 2628 art ea erat ar alt feu | aorta Ra Pagan of (art are it #) fase ipors—14[2012—13]2014-19] nay tar a wae CS) 145.12] 1220 12520 rntat ter Soe fate fetiga}| of znzrl 1.57 riay Near & td (eng) [aaa] 152.35] _rse.a] [etal tear Se Ate feet iver) ol 22q azar] eee 239 ia 7150 si aa SSD | 0.7] sel 3.0 sic agra ater (egand) | aaa] e027] rae] 174/190 a feet (ee) | ova] 173) od 3.3. era ear qe aA (greseeT ), 2013, ‘gta rel Ger RAP eT para 14 TUR kg aftaren, Reh, fares wee, eo, ore, aie, cwrtrerrs, Here, Pr gore 8 Pree Pe a 212 ana ere Pere 3, signer comet St rE BH errata By ea TRH & ae FS wT de afte arora oft ea FP fare ere Pe ate THIET Fantie or wer aretha ‘te & FR Freeh iy oh wTorrent Ft Reet = lata ear dex Wetregarra twa ew [wie vee 22. ureofta Pore (ger): a 224 eros Rear (gers) Ket wae wath Feo " eee emer ah ele ae A AMT ETA a sen ee Steet defies ese gr ee 8 anf me eareeewe a Bea TAA z eb afer arch HRT Fra eA aT | [sts fea fhe Sex efter gate: | wha ree 22.2 caren Ft sh et a ee, eh a FT sat ae four Ravae it are Raa A ata A eak-ore Sere” te Gl wed eH aE eau ery aes be gle girs A gs er 8 rr Us aah PTET rat ie eben ara eee Rie ae ee [ithe we tae Broke gate fares Fae fae Fava lout afer gfe var her ea ae — [tes fske ere praca wit foo a ee) fk fre ae 116 [str eer fee Gee fke ete [eer a 49. weaft ara: is [p0.000 [Re fee ae 71640 Prete ara Pras wher amd, are ate andes Rowe sare cet Trghe cova Buh tad porate Re-centy grey (RRR ALA ei foo era oe fos sera we are wp feat 21.03.2013 7 ft GER GAR, afea (are ate AT RTT [Be fre nr fee), ser Tee st Se RE, TET sia Fare, seen ae Fre eee FT 20, seqsiert site Reve gen stare 201 sain sighs at & sore an ary ga sites Rare caPhtregers (sefaeffty) wear era | 202. wee wT Ser aA wT ATH er STARE -afoftrer (ete) wt ge wbea tn rer 1 ae TS sare, ae Aer ewe, Fra 3 a fee were sorrel ot wher wY cea gr Sa A ect eT GET a 21, Praia arora afta (agate) aura A agit a gfe 3 aha ar Pmt frame or yr aT eae wearer och ore 8 G8 AH Ar at mare eel Ge wr, ‘are, et af @ wre aa aN ara BY wueTATT 22.3 0H ere fates — Pree Rea area are Pera ae Sata wraters & fates at ats enve fates wife fear rar 1 erecegh 8 Pr ae re ape Rea 81 29, EET or arare aR, 2008 or Hae 281 Brg ge are Pr an Te Fa wat 2a2 rede are Pore & ora A areata of Raa at steine 24 3 kee @, Pe RAM sierar ae eT Heer are Per ob frre eit Fe A RS aa ae Ga TS Ry TARA ah ste Fen a SA 8Y Ww ster a GET a SOR Ta were man #1 ges oft, aretha are Pers sh) ar Hara & mre Ga B araRRal A oneehong gears /asihall a ser ke SET RETA RT 8 | rai 0.082014 Ta AAT aT aR PET, 2008SUC SSLAD ean Annual Report 18. SPORTS: 18.1 FCI Sports personnel participated in various Sports ‘events during the year and brought laurels as per details furnished below:- ‘Team Event - [Name of Tournament FCI's position [Al India inter institutional Table Tennis. | Bronze Medal Tournament [Al India inter Institutional Badminton [Tournament Runner up [All India Public Sector Badminton Tournament Bronze Medal ‘28th All India Bishamber Lal Sah 'Memorial Seven- A Side Cricket Tournament Winner [37th All india Lala Raghubir Singh [Memorial Hot Whether Cricket [Tournament Winner (40th All india Goswami Ganesh Dutt [Memorial Cricket Tournament Runner-up, [Al India Public Sector Cricket [Tournament Runner-up, 19. MEMORANDUM OF UNDERSTANDING: ‘The MoU for the year 2013-14, was signed between Ministry of Consumer Affairs, Food & Public Distribution and Food Corporation of India on 21.03.2013 by Shri Sudhir Kumar, Secretary (Food & Public Distribution), Govemment of India and Dr. Amar Singh, the then Chairman & Managing Director, FCI 20. RESEARCH & DEVELOPMENT AND STUDIES. CONDUCTED: 20.1 A study on Customer Satisfaction Survey was awarded to Indian Institute of Public Administration IPA), 20.2 Astudy on Labour Productivity was also entrusted to National Productivity Council (NPC) withthe object to ‘examine work norms, composition of Labour Gang incentive schemes of the labours in the Corporation and to suggest changes inthese areas, 21. CORPORATE SOCIAL RESPONSIBILITY(CSR): 21.1 By virtue of very nature ofits operations, major chunk. of the activities of the Food Corporation of India lies under the ambit of social responsibilty, such as providing Minimum Support Price(MSP) to farmers, ensuring availability of foodgrains to vulnerable sections of the society etc., which the Corporation performed efficiently 21.2 The Food Corporation also organised training programmes on storage techniques and quality ‘check of foodgrains for employees of State agencies, Training programmes were also organised for farmers for capacity building in storage and quality check. 22, SUSTAINABLE DEVELOPMENT (SD): 22.4 Sustainable Development (SD) is a pattem of resource use that aims to meet human needs while preserving the environment so that these needs can be met not only in the present, but also for generations to come. 22.2 In its endeavour for sustainable development, Food. Corporation of India has made amodest beginning by creating 'Rain Water Harvesting’ facility at godowns of FCI. The achievement isas.under- [Sustainable Target | Achievements [Development [Rain Water Harvesting including maintenance | Pits-100__| Completed-118 [Plantation in depots/ | 50,000 | Completed-71840 offices, ICCTV cameras ‘50 locations | Completed at 55 installed in FCI locations, \godowns 22.3 Groon House Building:- The FCI Regional Office building at Shillong has been identified as Green House building. Central Work Public Department has started construction work, 23, Implementation of Right to Information Act, 2005, 23.1 The Right to Information Act, 2005 implemented in the Corporation, 23.2 In order to promote transparency and accountability inthe working of FCI, a separate RTI mechanism has been formed to motivate and empower citizens to get the correct information with regard to any issue has been‘aredra Baggy oop zarer AY CORPORATION feuet © any ois omeciong eehberer /siftet & Risers a Raft renga @: Ce Seek Se ashe Sm rectors det wa] as1_| ous | ae | ao07 | _a52 jarnediong atte a | 2 | w | a | 2 24, Proeoy dwarven wr Prawwr anf zors—ta & fete fruit wher 8, Pte ats A ‘wecte frar fa — i) fate aw ot dar axl Fan] cele aret aT gar Pa san the gr aT Rt aT eT reatans “ferat / Srett at Femara fever rare | ii) Preeret aren Oe craters feet ay gar wen ste TS Fe a, Frat sare Fok ge tera Fag Te GS fee en fateqel F gen Gt fafa ef a went ve Para nian ae 9 ae ge oa & kT Fra & art ar afs & wan ¥ arate ote wee fear rgntel i) Pome oh RR at ga ote stent cer cxftatcensll er sen comet & feng wae Secon RRs sahara hg BP she A TRE eH IW) ara & ee Pt feo tre re Ty | 25. erste STU 254 fer, sh aot Pacer PARTON wR Pe & ope faq oad arpa urfadia ste weaker & fo wer Fore wre aan | rte ats ara aaR # fe aT te eirerth ger Rt we wa ATS, TL ste carte fae Fara car ana & Praia yd Are cat er res tk Md at FE ete ans are | 252 td, Bod, Won ae, Saha ae aT sare Pr, cere suet, eka grt ay, seth Perk ew, see Rete de tah 8 aad aaTS TER ATT ABT secre @ Fry re aren wT | 25.3 Pere ated, Perr & sifttanttal, antenftell ste shat geet bh ag Sash feng st woah were aT a | 254 Préwey ahé 3 ae of ares far fe Frm eh eet oe set atea at ger ach Bg sear Te eh ae seh aor fsmres at acre ay ar BTA GAT RATT | fawe ae @ fy wer saa aie & tt aaa ar (a farere) ag feet arene yal ater Preeras ‘fee: 19.12.2014SUC SSLAD ean Annual Report related with the functioning of FC! in particular or the society as a whole. Under this, FCI receives and disposes of RT! applications/appeals of Citizens of, India directly or through Ministry. The status of disposal of RTI applications/appeals under RTI Act, 2005 ason 30.03.2014is as under: CT Balance received rejected disposed Pr oe ert IRTI requests | 451 | aaas | 48 | ager | 352 lar ‘appeats | 26 | 203 | 16 | 277 | 26 24. DIRECTORS’ RESPONSIBILITY STATEMENT: In relation to the financial statements for the year 2013-14, the Board of Directors states tha |) The applicable Accounting Standards have been followed in preparation of the financial statements, ‘and departures from the said standards have been brought out in the disclosed Accounting Policies/ Notestothe Accounts. i) The Directors had selected such accounting policies and applied them consistently and made judgments, and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs ofthe Corporation at the end of the financial year and of the profitor loss of the Corporation for that period. lil) Proper and sufficient care has been taken for maintenance of adequate Accounting records for ‘safeguarding the Assets of the Corporation and for preventing and detecting fraud and other irregularities. |v) The financial statements have been prepared on a going concern basis. 25. ACKNOWLEDGEMENT: 25.1 The Corporation places on record its deep gratitude to all the outgoing Directors for their valuable guidance and contribution made for the development of the Corporation. The Board of Directors wishes to acknowledge the continued support and guidance received from different Ministries and Organisations of the Government of India and more particularly from the Ministry of Consumer Affairs, Food and Public Distribution and the Comptroller and Auditor General of India. 25.2 The Board appreciates the co-operation and help received from Railways, State Governments, Central & State Warehousing Corporations, Port Trusts, National Informatics Centre, Reserve Bank of India, State Bank of India and the members of the Consortium of Banks. 25.3 The Board of Directors also wishes to place on record its sincere appreciation of the services rendered by the officers, employees and the labourers of the Corporation, 25.4 The Board of Directors would also like to assure that, the Corporation would continue to make best efforts for fulfling its objectives and continue improving its performance atalllevels. For and on behalf of the Board of Directors Cote the (.C.VISWANATH ) CHAIRMAN & MANAGING DIRECTOR New Delhi Dated:- 19.12.2014‘aredra Baggy oop zarer AY CORPORATION feuet © any waded uRaaf cen favdsor Ras 4 4. Redwer ear gen Rene caf 2ong—14 @ aera, sree warer ers ger 27 94 PARE wag oh tae at ag oem 22.76 Perot oo IT fats af 1 ae 2013-14 & Sher gah atorn cen 5.01 Patera eT af afte sister ere fr oH Tg | 2. aft ate ennai waft: frre arr omertha eferey yftery oA. sree aren, Taste wa & cea ara, SR Fae aT, after ite eer AY eA gg ae teers wh egal Ege raf wae ay sft waste: frre 4 ag arr 4 dag & orn araefis el & te ah ah sre 81 are ae sate & a Pe “Arms ree garb ara oe wT WoT Ug wT a 2. eR ae @wRoaTgai ware are aor A eee era geen fee, 2013 (reo a ATL Ha 8 sity oeRICT a eR wT Bre Pe & arenes wae A af eT Fo hoger ape & esata et & fH Fors, eregha eet ean ofefra (TET) & cen sitet Sas EE EN 2) gh eran BHI be HATE | efengat aera eae pte: RH, AMT ee eat ae Pa 8 | seme A Tes aie & Re TET 2B) ton, sre, Reror we Rewer B eT a rear ehh et 81 ge we, A TET SH, FT 8) AGA AH serra BY GI we Bee TET wT eres TT eT | AT A aa AT AT ‘ae ee wh FRB Frees BT eh after & ft gfe ator Pease ere aA are a en Ber apc re rari a st, sere, Rare te Rarer Tt ine aioe am gt sie wT maT Reiser frat on vet & she Peters ener (OCP) chor ara @ oft @ afte wea aan wt sift, senor ate Pare ot Freee hg 8 cea, re wea afte cave § cae dota ofae & Te are GATE ares ANY BY aT A A Pe eR te er aPorstree ‘wife atte fray Pere, aera oh eH ah a] we wT ATT arene rer fret 8 ne Fg APY aa Er Se ame AE (GE) te eae Fer se (Sioa) B eres Rae Py oT Te ee a GT er) oer Fra Gren & | ATT CTE ENT arden fewer wench (Skétga) & er ahorarg eT eh & ceM eter aioe} ae oe AT aT aT sare ROR ETT ae a eh #1 orate Peta SA rT, ween ea A ats wae wR YAR eT ay, Prom a aa} wr one wet we Rar fae re | A Rae der: Pere grr era oma wer se wo Y wor sede var re 8 gee as wT | fates Praaer sont site ee wate Berar ah gem vents ert Fetter srt Fee, content fideo (stafte Gen—sten) } ony ant woe it eho wl gel ifaw Seat—aOe wr orl ator 2) fine ar otate Seraten fie, eR oT afer Sea—ueter Ate sfftae wear! wr ee | aE dem fog ay Sarat ote ster eet rs wT ‘ater, fern fer a soe wi oe fee Pe ae fa aie siteRera 61 RAedeeT ‘frre siteterel site Reha Petwensit ar atte, “wre oe ‘ye gfe: atte “acter edrmersit are rere Fee fear ratSUC SSLAD ean Annual Report MANAGEMENT DISCUSSION AND ANALYSIS REPORT ANALYSIS STRUCTURE AND DEVELOPMENT During the year 2013-14, the procurement of wheat by FClwas 27.94 million tones and rice procurement was 22.76 milion tonnes. 5.01 milion tonnes of additional storage capacity was, ‘created under PEG scheme during the year 2013-14. STRENGTH AND WEAKNESSES Strength: ‘The Corporation has the strength of high level of infrastructure like storage capacity, technically {qualified manpower, proper financial management, wall planned procurement and preservation policy. The ‘Management is committed towards sound corporate governance nail aspects of operations. Weaknesses: Depleting manpower due to large scale retirements followed by insufficient induction through direct recrultmentis the weakness ofthe Corporation which may adversely affect its operation. ‘OPPORTUNITIES AND THREATS Opportunities: The Government of India has introduced the National Food Security Act,2013 (NFSA). This will enhance the operation of the Corporation due to, higher coverage of the population. With the present ‘experience of the Corporation, itis expected that the Corporation can efficiently meet the enhanced level ‘of operation under NFSA. Threats: Production of foadgrains are largely dependent upon the factors like monsoon, Minimum Support Price ete. ‘There are wide variation in production which puts a challenge to handle the high level of procurement, storage, movement and distribution of foodgrains, Similarly, at the time of low production, the Corporation had to import foodgrains to meet PDS requirement. With depleting manpower these wide variation in operation puts a threat to manage the situation. OUT-LOOK FOR THE FUTURE ‘The Corporation manages the food policy of the Government of India which includes procurement, storage, movement and distribution of foodgrains. ‘These operations are gradually decentralized by the Government of india, by giving the responsibilty of procurement, storage and distribution to more and more State Governments through a mode of decentralized procurement (DCP) scheme. However, the Corporation would remain as a primary and strategic player in implementation of food policy of Government of India due to wide regional variation inpproduction and consumption of foodgrains. RISK AND CONCERNS. The Corporation is implementing the Government of India(Gol) food policy. Fixation of Minimum Support Price (MSP) of foodgrains to be procured from the farmers and the Central Issue Price (CIP) at which the foodgrains are to be distributed under Public Distribution System (PDS) are decided by the Government of India. The schemes under PDS are framed by the Gol and the quantity to be issued under each scheme is decided by Gol. While taking the above decisions, the additional impact of subsidy due to change in above policies are considered to be released as subsidy to the Corporation. Risk Management: Risk management is undertaken by the Corporation as a part of normal business practice and not as a separate task. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY ‘The Corporation has a well-established internal control system. The Corporation has entrusted its intemal audit function to a team of ts own employees headed by Executive Director (Internal Audit). The intemal audit wing of the Corporation conducts regular audits and physical verification of stocks. The details of audit and physical verification ‘conducted during the year have been elaborated at ‘S1No.8 of the Directors’ Report ANALYSIS OF FINANCE AND OPERATION Details of the operations and financial highlights of the Corporation are elaborated in the chapter "Operation ata Glance” and "Financial Highlights"Sy Perey We? Reoeencur fean, < Koann sara eiemer, abel Pre via ger ufo wine ara ge cide 9, Mere Red ob aor ei a1 oe fete @ ate mm! valawr veer, whee, wail er guar ce argeiare afte rare ra rr & otters ar afew seh GPR oe aE seed hig | Fre, AG re aR A alae Sot eae ax herwha sat ter oe war ote SAAT oer ae ear 1 PA, Sos oT IR GTA IE oro ere HGR aU OT Te aT aH FT apse (Rew) A Af oy Hy Pere A, emer @ deere Raxco d fay agetiga STH Senta Tea A UT mae reer ermnftres Forster or eater ‘Prater anf forerRat an athe, Parente a ve at oe Fear DAR TaN @SUC SSLAD ean Annual Report 8 HUMAN RESOURCES, INDUSTRIAL RELATIONS, AND TALENT MANAGEMENT ISSUES ‘This has been elaborated at SILNo.11 of the Directors’ Report. 9. ENVIRONMENTAL CONSERVATION, RENEWAL, ENERGY USE AND R&D ISSUES ‘The operations of the Corporation do not adversely impact environmental condition. The Corporation is generating and using renewable energy by installing solar panels in its godown complexes. The Corporation has also constructed rain water harvesting pits in its free-lands to increase ground water levels, The Corporation has also taken initiative to install computerized equipment for better analysis, of foodgrains, 10. CORPORATE SOCIAL RESPONSIBILITY STATEMENTS ‘The details of the corporate social responsibilities have been elaborated at SINo.21 of the Directors’ Report.‘aredra Baggy oop zarer AY CORPORATION feuet © any Fraftra aiftreret 2013-14 a feat sri ares Rvs, sweeten, Rleaat ste eae, rere aren Por BRU, 1954 Bes Pres eT a SA wea meade, ark Freres ofa she RATA eA aa ahd, som ard wart wr Prats wet H oeree ote arnt sequent & RA Fria rerees ray & ie SIR gem a Rett ita ces Raia oe ae ape we Rreatet ot steenfes oer ger agg wer a fe Te aE wf ar seh wR RA geal ERT AER ear # ot Bsa Saree are Pes # Pre afters at sea aT are arerfeeaTy é | te Ra A ahs & wea he aes ers & Fre trae ‘aie, Peet tore AN anf aH ape eA SAT aR ge Moan RT aver Phere oaezar a wae Patera fore Pree a rae Pe gee ero b se tas 8 mee ery, Se Fre trator Te aT & ae GTA GA eat ae NG are snr eae tt Sede el Bt wes fare Pree TERT | SS Pavia 9 a wwe ah went wR AS | Freee ale sare ares rea ee eats 8 ar Seam 8 Fore aS orate ara fom at, we ad are Pree moran, ctw wees, TEP FaTet afer Swe APT, Teste corfitat of afeat aren ¢ cen ged art Aromas At arte Reon ear, area aOR ae rg Peg oT corer ee reer 1 Fe ob PART aS A gw Seat, tae ereT TP sierenfw Preah wh ahh aera aK Per frderes ft wer ee, Pe fre eect a wats ie HR TB | Gah steer wren GEARY sera A ta ew 2 Hara or ARPA aed &, ses Pera AOE, t962 AA eT IA Ay aE A Yow El fee eT 8 | aes @, cars 3 re went ata are Pre ar ae Padre wet aT eran waa Prderat at ats oh ct tow ‘aaer ater ¢ ste ora oe Pde Shh Er men, fava at aT STS fry, 4000 /— aerate eres Fah ore aA 2ora14 & dhs the seed PROT & ae we are EL a Ase Sarr A & Rew. 9000 /— wr gow Fa eT | ated or citer Fre otters ee gern BACH 3a Fe ATA 2 sey, stay Pte tows Har 33S yw sea, Freee ates A arena eter, Peer cer Fe ST carey Pr ram men fare 1968 APA ae 8s TTT se amen dr ee FRB wh ge Hare a ae Soo eft ra a were @ we a a eT a a TN STE / Hose) rasa & he ahs oH ieee erga Be FET 07.08.2012 B 20052013 TH ies 2n052019 8 IRA Fay 29.10.2012 8 aT ae eee ae ane Bite Fata Sa, ‘ache ae, re stk ae fae ae a [ao we ahem | Reiw zos02002 8 oma aw Wed aR (eign afte (AR ea aA), weer ae, re fhe eae eer saree 3 | gerger | Rate size Geacrs oe | met ae | eigm afte GA, gar 6. | Wa_wenree | FRtiw 1507-2008 S sms aw Tar ae sraer Pde, da serge Pre 7, |a.a. tere | Resi ve.s02010 & sm a AR Re wea | wR (Te), ora TER 8, [we wa stor | Fete zo.02012 @ onoaz0 aw | Ae wwe were | wa wee (are), aT AOR o. | ata Ris quer | Retiw ta052019 & sm aw Fee we wees | of eae, Lert ahd oe. araragors | Rees io0e 2010 Wom Wa ARS eRe wees | eee COTE v1 [ ex simmer | Fate os09.2019 S oata2019 aw | Ae eRe wae | ee alte, are aTSUC SSLAD ean Annual Report Report on Corporate Governance for the year 2013-14 FCI is fully committed to promote and strengthen the principles of goal corporate governance norms through the adherence of highest standards of transparency, trust and integrity, responsiblity and accountability, performance orientation and professionalism. The organization adheres, to good corporate practices and constantly strives to improve the same. ‘The Corporate Governance in FCI has been strengthened by formulating and adopting suitable codes and policies like Code of conduct for Board Members and Senior Management, Whistle Blower Policy etc. Board of Directors FCI is managed by the Board of Directors, which formulates strategies and policies and also reviews its performance periodically. The Board of Directors of the corporation consists of a Chairman, three Directors to represent respectively the Ministries of the Central Government dealing with food, finance and Co-operation, the managing director of Central Warehousing Corporation established under section 3 of the warehousing corporations Act, 1962, ex-officio, a managing director and six other directors. However, one post of government nominee director and three posts of non-official directors were lying vacant during the fiscal year 2013-14. Board's Responsibility ‘The general superintendence, direction and management ofthe affairs and business ofthe corporation vests in board ‘The composition of Board during 2013-14 was as under er Bet ctor pats of directors which may exercise all such powers and do all such acts and things as may be exercised or done by the Corporation under the FC's Act, 1964 ‘The Board of Directors, in discharging ts functions, acts on business principles having regard to the interests of the producer and consumer and are guided by such instructions on questions of policy as may be given to it by the central government. The members of the Board apart from receiving Directors” remuneration, in case of CMD, FCI and sitting fees/TAIDA incase of Independent Directors, do not have any material pecuniary relationship or transaction with the company, ‘hich in the judgement of Board may affect independence ofjudgement of Directors. FCI is a Public Sector undertaking in which all the ‘members of the Board are appointed by the administrative ministry ie. the Ministry of Consumer Affairs, Food and Public Distribution, Government of India. Part time Government Nominee Directors are not paid any remuneration. They are also not pald any siting Fees for attending Board or Executive Committee or any other ‘meetings. Non-official Part-time independent directors are presently entitled toa sitting fees of Rs.4000/-for attending each meeting of the Board and Rs.3000i- for attending each meeting of any other committee constituted by the Board. Apart from sitting fees, every director, other than ‘whole time officer of the corporation or an officer of the Government are entitled for travaling/dally allowancel conveyance allowance as prescribed in Regulation 7 & 8 of the FC Rules & Regulations, 1965. 1. |Dr. Amar Singh 07-06-2012 to 28.05.2013 | Functional C&MD, FCI 2._[C. Viswanath 28.05.2013 to Till date Functional C&M, FCI '3._| Prabhas Kumar Jha 29.10.2012 to Till date Govi. Nominee | AS&FA, Mio CAF & PD 4._|U.K. S. Chauhan 29.10.2012 to til date Govt. Nominee | JS (P&FCI), Mio CAF&PD. 5._| Mukesh Khullar 23.11.2006 to 02.07.2013 | Govt. Nominee _|_JS (Agr), Mio Agriculture 6. |B. B. Pattanaik 15.07.2008 to til dato Ex-Officio MD, CWC 7. [D. 8. Grewal 18.10.2010 to til date Non-official | Secretary (Food), Govt. of Punjab 8, |S.L.Meena 79.10.2012 t901.08.2014 |” Non-ficial | Principal Secretary (Food), ‘vt. of Assam '9._| Surendra Singh Khurana | 19.06.2013 to til date Non-Official | Former Chairman, Railway Board 10.[ A. Gopalkrishnan 19.06.2013 to til date Non-Official | Chartered Accountant 11. [Rudra Gangadharan | 05.09.2013 10 09.10.2013 | Non-offical | Ex. Secretary, Govt. of Indiaates safitrat aoe “aie are Pree ais ste och atat H daat 3 By ferent free & | ar a eer / ew eT wr agi er wee are eh si eA aw Ee te omit ft ott) faftne acer sraeceet & fy, revert are Hh ooh omar A one 1 areata reer ar, RAT GRA sme oA aR Pog si 1 Rete ote arenes Recor Raga oes an wir toa A orgs, eign te Biber Ran fare / rte ob fag 8 ata we Rey are #1 side TA eR GST ‘array fra ora &, ss ara Arter aT AERA aera oe &, te FOR tomer ea Frere se fate Bua orga Roar sre 8 | ere aA ERT aS / A 2 aah 4 gular anrane oR fy aT EL aera, / sir agit a eh ah ornare we Paden & orga S 20.05.2013 ‘tone rege Fra aren 8 | Pe she rear oR A, x qaist ae WA segeta ars I aT ae / a A Ad Por om aE RA rho sone aad / oS eat A eEa GET ae ah eh rare fet @ feng gota fet a area eer by feemfter eto fry varia 1 tow # Preset ae wat ehh wid ae 4 ote Gey wwe ah Sf sR RUS ae a GAT TET # | ae Had ote sue 4 ba, 2019 3 31 are, 014 & Sher, ats HT sd AT feria 20 wg, 2012, 24 GATE, 2010, 26 RIM, 2012, 90 AR, ota, 19 RBxiae, 2012, 24 GEE, 2014 Ko TA, 2014 wh sree za =r pe a8 30 ze082018 hoa WL We. Farst 48 wher vm st 4. @. cere @. we dare u HuTegwrSUC SSLAD ean Annual Report BoardiCommittee meetings ‘The committee has defined guidelines for the meetings of the Board of Directors and committees thereof. The meetings are convened by giving appropriate advance notice after obtaining the approval of the chairman of the Board/committee. For specific urgent need, meetings are also called at a shorter notice. In case of exigency, resolutions are also passed by circulation. Detailed agenda containing the reports and explanatory statements are circulated in advance to facilitate ‘meaningful, informed and focused discussion/decision in the meetings. The agenda papers are prepared by the ‘concemed officials, concurred by the concerned Executive Directors and duly approved by the CMD. The approved agenda papers are then circulated amongst the members of the Board /Committee by the Secretary. Urgent confidential nature items are tabled with the approval of rere) Name of the Directors re Pee ery Seg CMD. In special and exceptional circumstances, supplementary nates to the agenda are also permitted. ‘The meetings of the Board/Committee are held at corporation's headquarters, New Delhi. ‘The members of the Board/committee have complete access to all the information and are free to recommend inclusion of any matter in agenda for discussion. Senior officials are called to provide additional inputs to the items. being discussedin the meetings, as and when required. Board Meetings & attendance During 1st April 2018 to 31st March, 2014, seven Board, meetings were held on 20th May, 2013, 24th July, 2013, 26th September, 2013, 30th October, 2013, 19th December, 2013, 24th January, 2014 and 05th March, 2014 respectively Name of the Directors who did not attend the meeting. Bei 2013 356 20.08.2013 Dr. Amar Singh Nil PK. Jha U.K.S. Chauhan B.B. Pattanaik S.L. Mewara Mukesh Khullar DS. Grewal 2013 357 24.07.2013 . Viswanath PK. Jha U.K.S. Chauhan B.B.Pattanaik, D.S. Grewal S.S. Khurana, A, Gopalirishnan S.L. Mewara 2013 358 26.09.2013 . Viswanath Kha, U.K.S. Chauhan 8. B. Pattanaik D. S.Grewal A. Gopalkrishnan S. S. Khurana SL. Mewara Rudra Gangadharanrecta Be FOOD waver POL Jy CORPORATION faucet © anu 20a 359 30.10.2013, Dea dete WH We Fag 48 eh ee te 4.8, cea 1 thrergert RL FIT 219 360 192.2013 a Rewer ww fag Reo qa we 4. ene WW. QT Be Rare q aireport 204 201 2aonz014 eh Pree ow. ders ao e theigert 4 & we tert wa wel Bagh 4.4 cor Wa. WH. Qe 2014 362 o50a2014 a, Reerner = hae ao we det 4.4 We. Ue. QT we dere Barer Resa — tee vem Figeral or ar tse ) curdatte gam sort eh @ ad, wit Pte wd fot wrt @) reer ree ee Pre / a fare ome #1 sare aE aorta) |e aieregerT 10007 = i) Peter eee er ek ar wha EL sera 9S (aorta) | wa EGET 7000 7= radi A set) | wa we Get 600/— OF oud fees oun tam Daw mene ore (88 1 Goon) [ages [m7 fer d. ah Pere 8 Re oy EL seat ate (00.10.19) | WH GAT 1000/— wt aoe 5 a seca rE (reas) |e Fiore +000 /— 1) ef aoa se of a He ae a a me (19.12.13) x oager 600 /—aftfe far PE tag A al oy eee ee rey Se ee eee nee een cs Ao eo 2013 359 20.10.2013 . Viswanath, D. 8. Grewal PK, Jha 8. L, Mewara U.K.S. Chauhan Rudra Gangadharan 8.B. Pattanaik A. Gopalkrishnan S.S. Khurana 2013 360 19.12.2013 C. Viswanath 8. L. Mewara PK. Jha U.K.S. Chauhan B.B. Pattanaik S.8, Khurana D. S. Grewal ‘A. Gopalkrishnan 2014 361 24.01.2014 C. Viswanath D.S. Grewal P.K. Jha ‘A. Gopalkrishnan U.K.S. Chauhan 8. L. Mewara B.B. Pattanaik S.S. Khurana 2014 362 05.03.2014 C. Viswanath, Nil PK. Jha U.K.S. Chauhan B.B, Pattanaik S.S. Khurana D. 8. Grewal ‘A. Gopalkrishnan Notes: [Meeting Number | Name of the Director] Sitting |) The organization being a PSU, all directors are Sishri appointed/nominated by the Administrative Ministry. [357° Bob (24.07.13) | A Gopalkrishnan 1000/- ii) Directors are not perse related to each other. [357° BoD (24.07.13) | SS. Khurana 71000/- ii) Directors do not have any pecuniary relationships or 44" Ac (25.00.18) | S.S. Khurana 00! transaction with the Corporation except the receipt of remuneration by CMD, FCI 358" BoD (26.09.13) | A. Gopalkrishnan 1000/- |v) Sitting Fees paid to Non-Official Directors during the [359 BoD (30.10.13) | S.S. Khurana 10001. period 2013-14. '360" BoD (19.12.13) | A. Gopalkrishnan 1000/- 4 Remuneration ‘Committee 19.12.13)| A. Gopatkrishnan 600/-ace dem Prtaet or ar ton wd fat wt @) sit gah (9.209) | serena e00/- seodt a (19.1213) | wa ve GET 600/- ers waa PARR (09.12.19) we get 600/- sal wet (ozs) | ya we gear 600 /- serdt aS (exorta) | ge we. Ge 600/- seadt aS (sae) | q sree 4000/— feat eh osoa4) | seer ‘3000/— seatt até (50a) | wa We GAT 4000/— ati «eh (sonra) | wa we Geer ‘3000/— AE AO low A gf orkatal d origa a) col wear aR / AR aA as aw a ren orig ah co Root ‘aren & one at gee as rea erp PPT ST 8 Roe ge a / aaa A TT toes A aT 1 i seo rar rg rg arcige ay dae GRerer A got fra TT tr argacta da (wret— ara Aah ron) ard /aiaft ah teat Reena a as Pvhti argtat /Padet ow at af antag @ fag tow & are seh age, oe ff, RUE aoa ar sae @ as} Pe ee, afte wat sere wt tes tert ge PRA fret A Psa ony antag Faget & ora aed i ord oentteat & aes on are alae ota Tat aware nf ee ess 3 ah wh errr TAT | arqurer cas weer, FAR, Pract ote Renee one we ST reer oy argues GPiRaa wet & fey Reser 81 a, remy fay ar eH Pra a gor Ree A afr ier ae & sear Fs sateen & ees eM STATS Tr HIM eter BoA ahs Glee SMUT sey rar ren #1 char sem fee et Prater Pai afterert & gS onaemermsit & org a Kee RS rar 8 serene wearer reg aiftrn rae areca care frra & fairer sitet wearit ere ordre er ot Row ener ved B te eT aA Fy PTs 2B eh a ARR wo GT OW Ra ARTE TTA SA Prue & forge oe Gaara | cared are Pere a Gia sede AB tet Tete errs err HY vier Se are A fee aT ‘arr 8, career Fara care & eer itty wt ene ort & atte ae ar ee oe oh eT fog OTB ard a aftr Bush dread Prater i) arfard ae i) Seater aA ii) Rae ae wrdeor® aR ats ae afer ands are fore at orden aia referee attr era ere — i) reese st FRR, shar ere Pe i) roe afte ye fr ii) igor afte (AR ea LFA) iv) aie (ara), tora ae Fates at & eras Pris, Prderr otk oer & ont, wren, Fey ORAL sie Fe A eH Sa wanted aS Rye | ad or aft, eniord ae afters we orl oe ear oP free are wh seri (eet) tow A rq ay Pte org, aad 2012-14 ehers eo aber GARY wr eiehort Rat rer fore) fers wen ata Pee €] wd oH Frege 8 — i) Ag steerer, ands yaniv — ora i) gt ew. char, eg afte A ee “Serer STS, ae ti aba Re aT ii) Dw we Gen, we ad ae as da, ear ae AA alta oo Ha aSUC SSLAD ean Annual Report [Mecting Number | Name of the Director | Sitting sishri Foos(®) [sth AC (19.12.13) _| A. Gopalkrishnan 600/- ‘360th BoD (19.12.13)| S.S. Khurana ‘600/- Fist Remuneration [Committee (19.12.13)| S.S. Khurana 600/- sth AC (19.12.13) | SS. Khurana 600/- 361st Bob (24.01.14) | SS. Khurana ‘600/- [362nd Bob (05.03.14) A. Gopalkrishnan -40007- ethAC (05.03.14) _| A Gopalkrishnan 3000/- [362nd Bob (05.03 14)| SS. Khurana “4000 fist AC (05.03.14) | S.S. Khurana 3000/- Recording minutes of proceedings at the Board meetings. ‘Minutes of the proceedings of each Board/committee are recorded. The draft minutes are approved by the Chairman, of the Board which is confirmed in the next Board Committee meeting. The finalized minutes are entered in, the Minutes Book Follow-up mechanism ‘The guidelines for the Board/Committee meetings provide for an effective post meeting follow-up, review and reporting process for the action taken on decisions/ instructionidirections of the Board. As per the Board's decision, the secretary intimates the action points arising from deliberations during the meeting to the concemed divisional heads who in turn provide updates to be ‘apprised to the Board on the areas of their responsibilities in the next meeting. The follow-up Action Taken report is submittedin thenext meeting ‘Compliance ‘The Senior Management is responsible to ensure adherence to all the applicable Provisions of laws, rules, and guidelines etc. The Board periodically reviews ‘compliance reports of all laws applicable to the corporation, and a certificate to compliance to Corporate Governance guidelines is obtained from the practicing Company ‘Secretary on quarterly basis. The quarterly reports on ‘compliance with Corporate Governance requirements prescribed by DPE is also sent to the Administrative Ministry regularly. Risk management FCI is fully equipped to mitigate risks involved in various operating divisions by providing effective counter ‘measures to look into every aspect of risks involved while performingjits tasks. The Risk Management Policy of FCI educates and sensitizes the working level people on the requirement and, listing of the Risks and the mitigating measures in place at their respective areas of operations. Board committee The Corporation has the following committees of the Board:- i) Executive Committee ii) Auditcommittee ili) Remuneration Committee Executive committee The Executive committee of FCI, constituted by the Board, comprises of the following i) C&MD, For il) AS&FA li) JS(PaFcl iv) Secretary (Food), Govt. of Punjab Subject to the general control, direction and superintendence of the Board of Directors, the Executive Committee is competent to deal with any matter within the ‘competence of the Corporation. ‘Secretary to the Board functions as the Secretary to the Executive Committee, Audit Committe ‘As per the decision taken in the 357° adi.) BOD meeting, the constitution of Audit Committee was modified as follows during the year 2013-14 with two-third of its members Independent Directors, namely — i) Shri A. Gopalkrishnan, Chartered Accountant - Chairman li) ShriU.K.S. Chauhan, Joint Secretary (Policy & FCI), Ministry of CA, F&PD-Member lil) Shri$.8. Khurana, Former Chairman, Railway Board,‘aredra Baggy oop zarer AY CORPORATION feuet © any safe wid, state Peta worst at Pere wed & ce Bota wet Heater aS fr Sra he wy ota 1 Rees oP — are are aide Fore a ofthe Tate # acta # tr A area tere enter @, forre aTr Pr=IgE e— i) Myte Reg — sexe ) Sui - we iii) AB. gat Hater - wee a A stone wala Pree wet cer ate ates Rafe ame o ata & or A art at Er cea warftat & te ae Rae ont oe Aska ay EAT ETT fre sare & tse aren Fee ob ee et aoe 2B Frain chet seg arr / sir eg se ee oT ATTRA Te AES weet & Pay ara eRe saredra are Pr, arate Arar sea Aa SGT cond oat & fay nftag #1 ate ane frie ovr22011 Te aren iter a offers fear mary sere fer a at dh eer Fre a) SagaTge wweeweb.nicin SMES ae ag 2 and deh weed ote ae se are eae at het ree eo sequen aA ge aera ater afer carafe ara fra oy ower are, are aie arduie fave sarara wae gy GH. } sige, Fete ats A anode 8 akg get hee ii ae) TGA fH usar Pear TT “Pro, ata & fag ya da ea we oh seth AER, ate gua vite erawgt cm Fe STE ST Aiken aA ow arava Renita or weve wet aR sds ah Pra Bak a wget we @ Rg AIL eT, oa Re a SHED AT IAB, Ge # Ream wale Gen Ye aeTy SaAh aT TCH anise wh a Sets at Shh ge To HTMATT aL TH A da waft we, dren 3 oige da ar siftere GagM oT a ‘waft fear arg wea ak & has, Patera sire ser err we aia er 1 fire rare ar area (Refkas Ae) 3x BH gar fro ‘aera Rea are ee ae saetha ara From, dee Prat area ar TST ae we a gues & fay Pree sare & ae Sw were Flor (Ag) ant ore Bla ewan B erduie da B sana S fey Freer siPterer 2ovo wide ReanPSet wy sand rae weer Tar 8 | vara ara sats santa ere Pre, yams, 16-20 anrerrar 2, ag fect — 110001SUC SSLAD ean Annual Report -MemberiSecretary to the Board acts asa Secretary tothe Audit Committee ‘Audit committee overseas the internal control systems and theiradequacy to bring transparency in decision making Remuneration Committee The Remuneration Committee of the corporation constituted by the Board, presently comprises of three non-official directors namely — |) Shri Surendra Singh Khurana - Chairman i) ShriA. Gopalkrishnan - Member ii) Shri D.S. Grewal - Member ‘The Committee is chaired by an Independent Director and Secretary to the Board acts a Secretary to the Remuneration Committee. However, the remuneration & salaries etc, of the employees are decided by the Central Government and Officers and Staff of FCI are appointed either on IDA/CDAscale of pay. Code of Conduct for the Members of the Board FCI is committed to conduct business in accordance with the highest standards of business ethics. A code of conduct was adopted by the Board w.e.f 01.12.2011. A. ‘copy of the code has been uploaded on FCI website www fciweb.nic.in {All members of the Board and Senior Management have confirmed compliance with the code of conduct for the year under review. Whistle Blower Policy ‘As per MoU entered between FCI and Ministry of ‘Consumer Affairs Food & Public Distribution, a Whistle Blower Policy was finalized by the Board in the 338th BOD. ‘meeting asunder: "The Corporation may establish a mechanism for ‘employees to report to the management concems about unethical behaviour, actual or suspected fraud, or violation of the Corporation's general guidelines on conduct or ‘ethics policy. This mechanism could also provide for adequate safeguards against victimization of employees who avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in ‘exceptional cases. Once established, the existence of the mechanism may be appropriately communicated within the organization’. Disclosures During the year, there were no transactions of material nature with the Directors or the Management or relatives. that had potential conflict ofinterest with the organization. FCI adheres to good corporate practices and constantly strives to improve the same as the organization has adopted the Guidelines on Corporate Governance 2010 for CPSEs issued by the Department of Public Enterprises (DPE) on mandatory basis. Address for Correspondence: Secretary Food Corporation of India, Headquarters, 16-20 Barakhamba Lane, New Delhi-110001,FOOD fee) tel T vale) aN Ashi Jain F-429,UG, Lane No.6, Pandav Nager, Company Secretary ‘oyur Vihur-t, Delhi-21 Phi+91-9810360007 ¢Sashiain@emeil.com cactising Company Seereturies’ Certificate on Corporate Govermnce thes Mernibers apd Gerporatten china we have examined ihe compliance of conditions af Corporate Goverance by Food Corparasion of Inca (er the year ended on March. $4, 2014, as stipalntod in Clause 49 of the Living Agenement of the Campuny with the Stock Exckanges and the DPE Caidelines on "vernance of Central Pubitc Sector Enterprises OPE Guilcelnes) Chapmcate ‘The coraptiance of the conditions of Corporate Governance js the responsiblity of the svanageneat, Our examination was limited 79 a review af procedures and implementation thersof, adapted by the Conpeay for ensuring:the cumpliance of the condtions of Corpererr Govemance. Tes neither an audit nor aa expression of opinion en the finaicial sso! the Company. stulers fui opiniaa andl to the best of our informatios and aecarding to the explanations giver lo tis ané the cepraseatafions made 9y the Directors and the management, we cert that as a $1.93.2014, the Company fas co.upKedl with al the conditions of Corporeta Governance do sliguiazed in the alaave mentioned Listing Agraetment ard DPE Guidelines Wa sfote Uhat such evupilance is neliver on assurance as te die future viabi the etliciency ar effectiveness wish which the management has conducted es Company. For Ashi [ain & Associates Peaetising Cam pany Secretaries Mew Belli -exsuly 2014DP aur OF INDIAaftfe far PE tag A al EL r eee ee)fee) tel T vale) aN PAafte Rar Annual Report «| Ca ANNUAL ACCOUNTS 2013-14‘aredra Baggy oop zarer AY CORPORATION Cane 31 Ard, 2014 @T Get Wa (. arat #) (@) sie oh 1 287595.20 267295.20 (a) galt AB ste sara 2 2092.45 -49898.84 (0) See ae fh rer er ahr eshidert afr freer andes afta 21 Aout, Bay (@) ef oat sure (@) area ex zag (Rae) @) a @e oat tay 3 1617484,66 897031.58 (2) Oe sia srs 1 are, Quay (@) sfea-arat® were 4 e7s3tss.95 | 6285521.26 (@) aaa wah ert 5 183991358 | — 1781794.70 (7) oma ara, Sag 6 1253704.63 114662.92 (a) sour ret att (Hata) 10729761.57 9296406.82 1 uReiaterat we tara, uhtetattra -m) vem alah i) easy oft? 7 49226.68 41774.89 i) sore Ree 664.51 793.74 iit 38 phere ar 5341.98 5737.25 iv) Para & onda awmcuat aftethrat 2) Tory, Pe sa) amare ax Raa (Pree) ve) ert seat ser ate ie 8 348647 66 282410.13 3) ora Arora, aera 8 2772.98 3740.84SUC SSLAD ean Annual Report BALANCE SHEET AS AT 31ST MARCH, 2014 in lakh) Pure Figures as at the Figures as at the Copter er eae) eT ae Period ‘A EQUITY AND LIABILITIES ‘Shareholders’ funds (a) Share capital 1 267595.20 267295.20 (0) Reserves and surplus 2 2092.45 ~19898.84 (c) Money received against share warrants, Share application money pending allotment 8 Non-current liabilities (a) Long-term borrowings 3 1617484.66 897031.58 (6) Deferred Tax Liablity (Net) {c) Other Long term tabilties (d) Long-term provisions © Current liabilities (2) Short-term borrowings 4 6753155.95 6285521.26 {(b) Trade payables 5 1899913.58 1781794.70 {¢) Other Current liabilities 6 253704.63 114862.92 (4) Short-term provisions TOTAL (A+B+C) 10729761.57 9296406.82 1. ASSETS D Non-current assets a) Fixed assets, |) Tangible assets 7 4926.68 4174.89 ii) Intangible assets 664.51 793.74 il) Capital work in progress 5341.38 8737.25 'v) Intangible assets under development »b) Non-current investments ©) Deferred Tax assets ( net) 4) Long term loans & advances 8 34864766 282410.13 ) Other non-current assets 9 2772.98 3740.84Sy Perey We? Reoeencur fean, < Koann 31 ard, 2014 ef get 4a (oI) (. rat ¥) SINGS Si SS cd a) egy 10 8148687.28 514789283 1m) arora saferat a) 4990880.88 3681624.29 1) sree she sre ere 2 336.39 4694.26 1) sree co ae iit 13 193053.81 27588.59 9) ora achart aftetarat 14 180.00 150.00 val (a48) 40729761.57 (9296406.82 aaah Sates Atrat 15 “ararea ReaPra 16 Bee. /— eee. /— Be. / (eft Tara) (af. sh) (@.ga. Herma) 3a Fendas (era) ea Hers (ere) are’) Freer (Fart) wee. /— wee. /— (8a. ater) (ef. reat) Peers went ea a Pre far a fact eater : 19 fea, 2014SUC SSLAD ean Annual Report BALANCE SHEET AS AT 31ST MARCH, 2014 (Contd.) (Rin lakh) Urey Figures as at the Figures as at the Peer ee) eT te i E Current assets a) Current Investments b) Inventories 10 5148687 28 5147892.83, ©) Trade Receivables " 4990880.88 3581624.29 d) Cash & Cash equivalents 2 336.39 4694.26 ©) Short -term loans & advances 13 183053.81 227588.59 #) Other current assets 14 150,00 10,00 TOTAL (D+E) 10729761.57 '9296406.82 Significant Accounting Policies 15 General Notes 16 sdl- Sai. Sdl- (RASHMI GULAT! ) (0.P. DANI) {B. S. MOHAPATRA) DY. GENL. MANAGER (AICS) CHIEF GENL. MANAGER (A/CS) EXECUTIVE DIRECTOR(FIN.) sdi- Sdi- (U.K.S. CHAUHAN) (C. VISWANATH) DIRECTOR CHAIRMAN & MANAGING DIRECTOR Place : New Delhi Dated : 19” December,2014pags FOOD Perey We? Reoeencur ef aN =) Pat = 383569019 | 3984973.26 a) rer wy we @ sodg2t427 | — 8056318.15 7) oer safer 7 6099.71 43134.05 2 sa sma u 0114.75 1507.15 3 eq qh Hawa / wea s 85650 | 222127.24 ala (@) 12851975.42 | 12368059.85 fe am: + ate a 1039479.95 | 10192327.72 2 ARR see 3924.98 8421.17 3. ag . 7est34.17 | 70718667 4 ae a a 41745068 | 339367.76 5 ieRat h Rear aren Res Aer at a 20801302 | — 219735.07 6 mam x 21404006 | 215910.26 7 Sm we ype et ce ofehere -@) vem ola 3690.85 2977.84 a) someuer oie 302.38 165.38 sam z 719072.28 | __639207.14 ‘abt (@) 12802408.37 | 12368699.01 ‘ara @ sift ora oe sata 49567.05 639.16 8 Rea at 8 Heita ara /(era)(Fae) = ~1760.66 203,85 10 ae frukeor 8 yf ar (ah) 4780639 435,31 11 Go A sia af a a / (a9) 4780639 435.31 we. /— wen /— we. /— (ef yer) GA. sh) (@.ga. Hera) a mend (Fea) yet renaies (em) contort Pees (ft) we /— ee /— (aa. der) (ef. Peeartrey) wart ag Ret freee went ea va Pree Feat : 10 ferrer, 2014SUC SSLAD ean Annual Report STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2014 in lakh) Pon oe eo iS ett eee foe period ‘A. INCOME : 1. Revenue a) Sale A '3835690.19 3984973.26 ») Subsidy on Foodgrains 8 894921427 8056318.15 €) Other Reciepts c 6099.71 43134.05 2 Other income D 6011475 61507.15 3 Accretion/(Decretion) in Inventories E 856.50 222127.24 TOTAL (A) 12851975.42 12368059.85, B_ EXPENDITURE: 1. Purchase F 1039477995] 10192327.72 2 Milling Charges 53924.98 8421.17 3 Freight 6 793134.17 707186.67 4 Handling Expenses H 41745068 339367.76 5. Employees Remuneration & benefits 1 206013.02 219735.07 6 Other Expenses J 214040.06 218310.26 7. Depreciation and Amortisation on a) Fixed Assets 3690.85 2977.84 b) Intangible Assets 302.38 165.38 8 Interest K 719072.28 639207.14 TOTAL (B) 12802408.37_ 12368699.01 Excess of Income over Expenditure 49567.05 $39.46 9 Income/(Expense) pertaining to Prior Years (Net) L ~1760.66 203.85, 10 Profit((Loss) before tax 47806.39 436.31 ‘11 ProfitL.oss forthe year carried to the Balance Sheet 47806.39 436.31 ‘Sd/- Sdi- Sdi- (RASHMI GULAT!) (OP. DANI) (B.S. MOHAPATRA) DY. GENL. MANAGER (AICS) CHIEF GENL. MANAGER (ACS) EXECUTIVE DIRECTOR(FIN.) Sd sd (U.K. CHAUHAN) (C. VISWANATH) DIRECTOR CHAIRMAN & MANAGING DIRECTOR Place :New Deh Dated : 19” December,2014FOOD zarer AY CORPORATION ef We aN ral Peat a ed 435.31 3143,22| 639207.14| 10948,37| 20.08| 435.31 “1.24 -7.28| 653300.35| -222163.16| -971630.56| 733.49] 6807.08 323497.91 -105475.46| 20580.13 -49248.02 -50.86| 435.31 -418962.57| 31 Hrd, 2014 @ warer af CASH FLOW STATEMENT FOR THE oe Smt wares @rfwarat @ ateél ware /Cash flow from operating activities: we Prater a yd Prac ar / (ef) Net Profit(loss) before taxation ‘fae eb fg euros /Adjustments for :- {ypu ET /Depreciation ‘ZITa AHH /Interest expense ‘aE at # sre 7a FET [Debts written off, a8 ard # ren oo one wo ae Deferred Revenue Expenciture writen off ‘eft cer rete sent, Se Te sa, AT TAT ora ary eral & fore TTS Allowances for Bad & Doubtful Debt, Loans & Advances, Deposits & other Claim Receivable ‘uftemaftrat a (8) ge AMF /Profit on sale of Asset ‘ateft faftwrr sie (Foreign exchange variance ardetia yal A uaa ea gf wares arr Operating profit before working capital changes in SIE (Stocks ‘amrareret siférat /Trade Receivable seu ucieres uff /Other Current Assets sao sift, ag oi se reT Teh Loans and Advances, Deposits & Other Claim Receivables “aurea ar Trade Payable ‘itil aga erarét@r a4 Sugar Price Equalisation Fund ffi TAT [Deposits Repayable ‘ta mu /Interest Payable fefter ara (a are ar erate ah fry STP a eer TH) Misc. Expenditure (To the extent not written off or adjusted) ‘gift we snffrae erat (Reserve and Surplus Account srarert wrterert & aftr Pret “rae Net Cash generated from operating activities (@. areal 1) (in tak) aig at md 47806.39 3993.23, 719072.28 2322.91 32.80 -47806.39 67.66 0.00 725353.56 794.45 -1411879.50 1072.04 -66554.73 393163.81 4759.16 36424.82 5025.04 48.16 47808.39, -225368.02SUC SSLAD ean Annual Report @ fay aod ware fear YEAR ENDED 31st MARCH, 2014 (@. areal 1) @intakn) Cel Current Year eI Gore’ Previous Year Prater farwara ¥ =62) sare /Cash flow from Investing activities: 20.03 | wird ufteinftrat #7 fax /Sale of fixed assets 11.63 -7403.74 | ward ufteiuitait zi wit< /Purchase of Fixed Assets -10863.89 500000.00 | sea apr & sna 8 here ure /Long term borrwoing through GO! | —00000.00 Pae erieard a scale a ag Para aadd 492616.29 | Net Cash used in Investing activities 709147.74 ‘fer weer @refeerul a awd) ware / Cash flow from Financing activities: 2328.00 | ana We@oN ENT sift GEM \Capital subscribed by Goverment of India 300.00 567566.10 | tat % ura 201 @ Gif /Loans and Advances from Banks. 150634.69 -639207.14 | zara oR fact sare} ATE /Net outflow on Interest -719072.28 fara afafatrat ¥ eon at ag faa aod -69313.04 | Net cash used in financing activities -568137.59 Tee Ten THe wages (er) ¥ Praw gfe 4340.68 | Net Increase/(Decrease) in Cash and cash equivalents 4357.87 ai 8 afer A ee oer ae aga 352.58 | Cash and cash equivalents atthe beginning ofthe year 460426 at @ aia aed ak ted wager 4694.26 | Cash and cash equivalents at the end ofthe year 326.9 Be. /— ee. /— weM. /— (Re yar (ats, eh) (@.a, wera) By Fepnine (ere) eI Henrdew (era) ortore Pee (iq) ‘Sd/- Sdi- ‘Sdi- (RASHMI GULATI ) (0.P. DANI) (B. S. MOHAPATRA) DY.GENL.MANAGER (NCS) CHIEF GENL. MANAGER (ACS) EXECUTIVE DIRECTOR(FIN.) Fem /— Bee. /— (8.08. ater) (A. ‘freer aromas a war Pera errs: Rea sal. sd). foe oe (UKs. CHAUHAN) (c. VISWANATH) * aoe DIRECTOR CHAIRMAN & MANAGING DIRECTOR Place : New Delhi Dated : 19" December,2014FOOD zarer AY CORPORATION “=? GM aryfaar a) gat 7a NOTES FORMING PART OF ews ion: Note-1 CAPITAL: (@. areat #) (in takh) SRE PRuLe Pe et Ome Pees suftige sist {sf /Authorised Share Capital (ara fs aifftam s904 8 ats-s & ont ana weaR eer a ah are Gah) (Capital under Section § ofthe Food Corporations Act, 1964 to be contributed by the Government of India) ai Year sift Go / Initial Capital 1984-65 1000.00 rea aet ches Py ay sig Addition during : 1975-76 1000.00 1976-77 5000.00 1985-86 5000.00 1994-95 0000.00, 1999-00 +100000.00 2008-09, +100000,00 350000.00 | 350000.00 afirem wer Et sft Subscribed and Paid up Capital 267595.20 | 267295.20 ata TOTAL 267595.20 | 267295.20 eer Note: wm fer ah feet draeysh wh ata a tear A ae ater an 2 The Equity Share Capital of Corporationisnotcistrbuted inthe number of shares. ab} ahr, woo a, ce we ee veo are A Pe ed & are Boe ae aN A PergTe sapere Rear During the year, Ministy of Consumer Affairs, Food & Public Distribution has contibuted inthe subscribed and paid up capital vide sanctions which are as under~ a 7 ioe Poe) 1 cafe inayat ate meet At ‘Opening Balance of the subscribed and paid-up capital as at 01.04.2013, 267295.20 2 | ste: a & starr tga /Adition: During the year vide sanctions 221/2013—THEN|| PEt 26092014 | 2-1/2013-FC-l Dated 26.03.2014 300,00 3 | sios2014 ah gfteia Closing Balance as at 31,03.2014 267595.20SUC SSLAD ean Annual Report oat & BALANCE SHEET Reuwh—2 ger PRY ee aera (@. stat ¥) Note-2 RESERVES & SURPLUS Cin lakh) ee weeny eee er Cer eee) ‘ara et PY a ar eae STATEMENT OF PROFIT AND LOSS ACCOUNT fwd gar va Forge ‘As per last Balance Sheet -49898.84 ~49463.53, AS: a er OF ea eer oe a Add: Profit transferred from the Statement of Profit & Loss Account 47806.39 495.31 vila (TOTAL 2092.45 ~49890.04 euwhiNote ‘sect ares Per 9 a 2006-07 eer arate er eer eit ob fory ah storia sl aerer a_| Priaen ed Hereteat wdera & EF 4, 2007-08 8 areca are ss re ya eI heat A orate en eRe aevt & fery store fy TE | cared a) (Red Fry arabe ce wae acl & Fy ora ary any 2 ) see ware Pee @ eh aVarfkel A aaa TG aT ae aa A Te ATE eT ATR ARTE aTeT BBS SB wT A HATS a STE ‘2. FCI was not making allowance for the Bad & Doubtful Debis tll the year 2006-07. At the instance of C&AG, allowance forbad and doubtful debts, were made in the Profit and Loss Account of FCIw.e f. 2007-08. The claims {against which Bad & Doubtful Debts allowance were made),are to be recovered from the defaulting officers of FClorrequired tobe written-off and reimbursed as subsidy by Govt. of India a aA /ak re reese Heer re & ArT FB af 2007—o6 a 2012-13 «fy sioRIe wae TG | gw ‘afi Be7e06 39 ste B a ART a ee A GEL ee TAB He Ger HR eter” Ne eee er seoe cere ae |e tet eh ea A ce fT kere eh eee ae eee A aT A GS ‘ser omen & b, The procedure of recoveryiwriting off, consumes time for which the allowance made from 2007-08 to 2012-13 amounting to 47806. 38 lakh were accumulating year after year and have been depicted as accumulated loss in "Reserve and Surplus” head of balance sheet. This does not reflect the correct postion of such claims which would be utimatety recovered either from the employees or from Govt. of Indiaas subsidy. a ae 2013-14 9 “ata Oe snftar aie 8 ga aeTere ae otk Tage gers A shor aia a a eg veh a eave ae Reem me Lat org—4 eae cea iRer eT & fore ores El Foe TERT, cea, ae aagh thea are ag aah gS erat at a ee Berea oT ote FY Sem ewe PT TET | . Inthe year 2013-14, this negative balance under head "Reserve & Surplus” and correspondingly deduction from the current assets in the balance sheet have been eliminated. From 2013-14 onwards, there shall be no allowance for Bad & Doubtful Debts, however, the amount treated as non-recoverable would be charged to Profit & Loss Account, by writting-off such claim. ve, fetes Rec faecheg cael ory & seat Meee aor et we fry Seats Ae A ae Altea wf 2013-14 fer ae a 1 4, This deviation in Accounting Policy has been made in the year 2013-14. for better presentation ofthe state of affairs of FCI inthe financial statements Saf Gen a@t Roun aa eter ot rey often, fey cea ered ead aansn ater A eet Bom ear ater Gd fae 8 ger aR rs NH A TET | ‘e. Had it not been done the current assets, advances & claims would have been reduced by €48061.81 lakh and reserves & surplus would have a negative balance for the same amount.FOOD zarer AY CORPORATION “=? GM feowh: 3 Aare, trary (@. areata) Note-3 NON-CURRENT LIABILITIES (in lakh) 31 are 31 are pare) pares) et As at 31st eens Cer ee ee) ‘deta were LONG TERM BORROWINGS @) igs (are eR IRE HiRes oft AeA & A GA a) Bonds ( Secured against Mortgage of property 812100.00 891450.00 ‘& Guaranteed by Govt of India) 2) ag (ate ste ree BTR ERT TR TT) b) Bonds (Unsecured & Guaranteed by Govt of India) 8000.00, 0.00 vi) oer fom & fry fade rere ©) Sundry Creditors for other finances 5384.66 5581.58 ‘aa TOTAL 1617484.66 897034.58 FREPHINote Rees a1 03.2004 BY aera, er Tee eta aT a whe RTI — a Thedelails of Govt. ofindia guaranteed Bonds outstanding as on 31.03.2014isas ollows:- (@. reat #)@ in takh) Ea anol Pinel coc B Date of allotment____Series__Bonds allotted __ Coupon Rate Maturity date 1 22.03.2013 VB 470000 8.80. 22.03.2028, 2 22.03.2013 VA, 30000 8.62 22,03,2023 3 07.03.2014 vi ‘800000 9.95 ‘07.03.2022 4 46.12.2005 Vv 312100 7.58. 16.12.2015 aH TOTAL 1612100 Ger, HAR! eH Hl MA ¥. 169145000 (6. 891450.00) aire ah & FERRY w. g00000.00 ere wT AE EKER a fen ee) en fase aS, oa Hs a Pog Te a b. Outstanding Government of India guarantee for issue of Bonds stands at%1691450 00 lakh (%891450.00) lakh including the additional GO! guaranteed of € 800000.00 lakh against which bonds was issued in March 2014 a tare ah waren aan ara ge aRReaa otk Samat ah arg ste te ares Aha wig Par Tae | ¢. Assets and Liablities are classified between current and non-current considering 12 month as operating te. Sree by Re Sa he Rr Pte PAP ere et 9 i re ca ere ah ae arg Ba ar eB | 4. Sundry creditors for other finance represents balance under Benevolent Fund & Medical Assistance ‘Schemeto the extentof 90% considered as non currentSUC SSLAD ean Annual Report feat: « area arate wae (e. areata) Note-4 SHORT TERM BORROWINGS Ein lakh) Pc) rawr Paro Pry rey eee) @) Sagat dat 8 em ate ifr Gata Awa, et wie at aes ced) ae ae RTE ETT HTT TET a) Loans and advances from Scheduled Banks 5128131.84 4977099.16 (Secured against hypothecation of stocks in trade, Stores & Spares and Guarantee provided by the Government of India) @) agape at Soe oa sem ate aif (ont) b) Short term Loans & Advances from Scheduled Banks (unsecured) 1625000.00 1308000.00 5) ag ard & sinha aera ¢) Balance under Curent Account 2am 422.10 ‘ala TOTAL e7ss1s5.05 | 628552126 fem / Note: “yet ah er he caf eel bree era wo, Mer eT ew THAT are I rt aT gH HT EB | ‘a. Amount shown under the head "Loans and advances from Scheduled Banks" has been arrived after adjusting interest receivable from the Banks towards discrepantitems. ] are exer 4, Are A aristler Gol al oraeamersil A yf 8g aa yar oer & fey 63 Fel S yw Sa grad as ‘&. 54,49,600.00 oT (. 54,49,500.00 crea) aap aH are Gere een & feng a ee dam a Rehr FepToS ANE ETT AE | The Government of India has provided single default guarantee to State Bank of India for Cash Credit Limit upto ‘%54,49,500.00 lakh (€54,49,500.00 lakh) provided by a consortium of 63 Banks to finance the working capital requirement of the Corporation. sak 2013-16 & aha mam / a TT oR aT AT ¢. Range ofintereston Loansicash credit limit during 2013-1 ET eee [orate det & orerenttre ae Ter ae | a95% & 10.29% a at 1) _| Short Term Loans & Advances from schediuled banks 9.95% to 10.25% p.a._ | Unsecured a) [agate tat See ver oe 075% 8 10.90% SRR STITT wR, ere saftiar ae soul af dea Ta eT TET SOR ERI wa BE MCT b) | Loan & Advances from Schedule Banks | 10.75% to 10.90% on _| Secured against hypothecation of monthly rest stocks in trade, stores & spares and Guarantee provided by the GO.eons anurera 2uar (@. areata) Note-5 TRADE PAYABLE (Fin lakh) Pol Pl Cora 2014 ae Pe Pet As at 31st As at 31st Doce Lae ee} ware Ue Rest fry fA Sree ‘a. Sundry Creditors for goods and services 139473742, 136440424 ea ome ter fy FAA Sree b. Sundry Creditors for other finances 146229.26 154868.48 fa re . Deposits repayable 298946.80 262521.98 ‘at TOTAL 1839913.58 1781794.70 feuf / Note: fare ah maT wp ar gy OReRIct of amt at arg, otk A amg de aig Poe vate Assets and Liabilities are classified between current and non-current consic ig 12 month as operating cycle.SUC SSLAD ean Annual Report feephte wen are, fae (@. ama a) Nole-6 OTHER CURRENT LIABILITIES in lakh) Be ace onl Ere Por Prey ronnie’ rns CSO eee) wm) | atear sarr oh es rat seer oe 2a ET BST a) | Interest accured but not due on short term Loan 1158551 0482.54 @ | tam b) | Interest payable 7092272 8000.65 a) | ora daar ©) | other Payable 9846.40 3717973, 2) | ats Gera ercere ere tage ote ety abitor by rg) 4) | Bonds ( Guaranteed by Govt of India & secured 79350.00 0.00 against Mortgage of Property) il TOTAL 25s704.63 | 114062.92 ‘feeyNote 12 a rarer war are ge aah stk tarsl aharg ote Ae aS Ata aig RATE | a. Assets and abilities are classified between currentand non-current considering 12 month as operating cycle. dae es aes Near ais ote sera seas aor Sw Baa eM | ». Interest payable includes amount payable towards Govt of India guaranteed Bonds and short term unsecured loan va, a Ba, hee ae arent BPs er, ere the arr gare aN ©. OtherPayable represents payment pertaining toemployees Ike salar, arrear & wage revision ete xu, Rei 21.03.2014 a acre, seer arco ape ages a 2o1a—15-8 hr Res aT ATT | 6 The details of Govt. of India quaranteed Bonds outstanding as on 31.03.2014 to be redeemed during the year 2014-15:- (@. arat 4) (Rin lakh) oI Sn Prong Co OM CCC ORD POCee ree ras EC Mon Ce ocr aimee cue) Cee 1 28.02.2005 Il 18330 7.30 28.02.2015 2 34.03.2005 u 61020 127 31.03.2015 “av TOTAL 79350FOOD fee) tel T vale) aN rerh uefa, soca oReraferai ews FIXED ASSETS, INTANGIBLE ASSETS GROSS BLOCK ee ee emer Ck a SUL R PALL OE Or mn ere ore OE MA Rl ee RIB roe cert card 3{P4 LAND sietss af Free Hold Land 8474.60 8990.75 eat Lease Hold Land 2130.40 2131.50 7151 BUILDINGS deers wer ster Warehouses & Godowns 7288797 | 8673.17 78389.72 awrafera et Office Building 6031.47} 2060.65 8095.68 ete were Staff Quarters 1926.11 0.00 1926.11 tact a Factory Building 1982 0.00 1982 Purely Temporary Erections 5278.39] 50.51 5313.53, are ae safe MACHINERY & PLANT Railway Sidings 1471072 18549.59 tage ste ote safer Weightridges & Weighing Mach 5404.94 5656.98 sat ser ae Machinery & Plant 1301.33, 1672.75 fey Sere Electrical installations 8482.72 5725.81SUC SSLAD ean Annual Report wen wea we Yoitra wre AND CAPITAL WORK IN PROGRESS array & 3) (in Lakh) aeuere/ atest Pra sare Pathe ean Peg tet 01.04.2013, Saray awe ERC Ce EEOC Co TOA Oy at ry Ore ror ery roy Cree) Perec) Reet TRE TEC IE? Erg 0.00 0.00 0.00 0.00 | 2990.75 8474.60 348,27 0.00 9.26 357.53 1773.97 1782.13 54797,99 96.76 1002.21 5580606 | 2492.76 1759.98 2918.17 0.00 246.08 a1s125 | 49443 3116.30 1319.11 0.00 3042 1349.53 576.58 607,00 1761 0.00 022 17.83 1.99 224 988 3408 5300.00 2.59 13657.01 0.00 146.57 13803.58 1746.01 1053.71 3445.96 “157 288.96 3723.35 1993.61 1958.98 1058.17 “351 7398 1128.59 544.16 243.16 4471.80 -0.83 163.66 4634.63 1091.18 1010.92FOOD fee) tel T vale) aN war aReafeai, sicuer ufearaferai FIXED ASSETS, INTANGIBLE ASSETS Dern) GROSS BLOCK ee ee err Ck re a SUL PACC OE mn enact eS Cre Em mee Ce ht TREC ro ee Te) Cor aerator SHER (e) Office equipments. 6425.35 793.85 7194.48 (a) agg 0 Computer 9657.51 | 641.53 3767 | 9261.37 (8) ae (0) Vehicles 617.05 2.08 e162} 587.47 way ate ae IV. FURNITURE & FIXTURES 4159.33} 308.67 108,28) 4576.28 sear ag ag a we Not put to Use 4050.01) 220.85 999.93 | 289.93, a alt (6) Sub Total (A) 144237.72 | 1208497 970.99 | 155351.70 be (&. anal a) (in lakh) roca Ree oe Coot Ce ae CR sane ise ‘OPENING STOCK 1) aurea tere ‘Stock in trade -: 3) we 2) Foodgrains 5110597.63 4988208.12 a) ther eat ) Coarse grains 0.00 7892 a) at c) Sugar 6941.46 9327.87 2) eh wer dad = Stores & Spares 3) aa a) Gunnies 28092.41 6510.44 23) sere we sieet ») Stores and Spares 2188.05 1530.99 a) ora ef ©) Other Stores 61.20 oar att TOTAL 5147790.75 4925663.51SUC SSLAD ean Annual Report feof = ag yt A wea / (Hea) (@. are a) Note: E ACCRETION/(DECRETION) IN INVENTORIES : @in lakh) Coe froar at at Coreen a afay sisre 8 CLOSING sTocK 4) amma sre — Stock in trade @) wre a) Foodgrains: 5083982.31 5110537.63 3) tet ert b) Coarse grains 6320.86 0.00 a) a ©) Sugar 26:35 6941.46 2) ete cen eat Stores & Spares @) afta a) Gunnies 5814.86 28092.41 a) eh ger dart b) Stores and Spares 2410.56 (2158.05 a) ort ee ©) Other Stores 92.31 6120 ‘ala / TOTAL §148647.25 5147790.75 3 ERE ¥ aga (Hea) ‘Aceretion/(Decretion) in inventories 856.50 222127 24FOOD zarer AY CORPORATION “=? GM Ronfeg ete: (@. arait 4) Note-F PURCHASE : (@ in lakh) ce Previous Year wale —2efta_ [Purchases -indigenous (1) | aavarenr siete ‘Stock in trad are a. Foodgrains tosie098.55 | 9717910.91 @ arate ere b. Imported Foodgrains 0.00 60.00 a, ther oF ©. Coarse grains 7959.12 442.54 aot 4. Sugar 6613.63 9897.35 “4 ahs /Sub Total 1033367130 | 9798310.80 ©) | whet ae etucl — /Stores & Spares aa a. Gunnies 50158.74 387677 54 =, eh ser eet ». Stores and Spares 2049.91 6339.38 att TOTAL, 10394779.95 10192327.72 feet / Note ‘afta ¥ men fires arae a aeons & AMT H at 2008-09 F 2013-14 & fare 6906.69 HT S “WMT Te WET rae mr rr ro eee / AR wh Fe Agee pe era a fee are oc ye BRON ENT Fetter Fraett wr ores Ae flog As wre Sara fey Se STAT aes ATE B | In case of procurement of custom milled rice in Haryana, "Custody and Maintence Charges" of 6906.69 lakh for 2008-09 to 2013-14 which were payable tothe Stale Govemment/Agencies had nether been paid nor provided as lability due tononfufling ofcondtions laid down by the Govt. of India for claiming the same.SUC SSLAD ean Annual Report fui—s wer: (@. eet 1) Note-G FREIGHT: (in lakh) ca Co Ce oe anos ee Men TRC 1 35 ATST Rall freight 64412557 563217.79 2 A TGT/Road freight 12309258 120657.09 3 ‘=i TBI /Steamer freight 1987.75 1286.33 4 -ararara 8 Transport subsidy -e) récha arora feast a) Hill Transport Subsidy 6241.64 7966.45 ‘a) sear Pratare cer ae wae b) For Andaman Nicobar & Lakshadweep Islands 0.00 16.59 5 fia yew / Reet sere /Demurrage/Diversion charges 1786.63 1408242 al) TOTAL, 79313417 707186.67 feof: sina ora (s. ara %) Note-H HANDLING EXPENSES (in lakh) Cane frawor Cl Co ears ae Me em TRC 1 ‘art fat a Rear ar tert Salary of Departmental Labour 195984.78 143778.71 2 euch et sea awl) Re sa ert Wages of DPS & other Labour 79860.26 72485.57 3 satay Seba @) Peer aren yprar Payment to handling Contractor 12005762 96212.76 4 sofa PARE A rar are skeet ge a Contributions to Provident Fund & Others 21188.80 20371.94 5 afte BIT BE Workmen Welfare Expenses 389.22 558.78 TOTAL 417450.68 333367.76 ear Note = sa zona fy fare fet era ge aha ere wos we ane aa a rot @ Rrao00 /— sad ah wea Mw 2 feng wst4s 18 rer at ata ore Tr Salary of Departmental Labour and Wages for DPS Includes provision for PL| @18000/-per annum amounting to %B145.18 ak forthe year2013-14FOOD zarer AY CORPORATION “=? GM feuph sy aeferftat wt fear aren anRetra ger feet aT (@. red 9%) Note:1 EMPLOYEES REMUNERATION & BENEFITS : @ in tak) COs Pe oad Conran Officer 6050252 63979.50 eitere Staff 124874.64 134036.28 wer: Sihrer Less: Capitalised 283.29 198.83 ‘alt / Total 185093.87 197876.95 2 acer eh Medical Reimbursement 5320.47 5041.82 3 cater FAR A ear are keer eT Contribution to Provident Fund & Others 1278657 19211.83 4 ‘wxfar®) ee aI Staff Welfare Expenses 2043.11 2804.47 alt ‘TOTAL 206013.02 (219735.07 feorh Note + ab z019—1e & fry siRtanRtatae aoterRat era me tH gard ig & 10000 /— fat ae We w A046 40 TTT arora TPIS eT Salary Wages and Allowances for Officers and staff includes provision for PLI @€18000/-per annum amounting to 4046.40 lakh for the year 2013-14, 2 ART EER & BS eve 9 at 2n1o—41 3 ore—t8 a a at eg remot hE a te uate ante & fry wa00 /— B w18000 /— wer & fry wro171 wets wH sifSfoet See a ATAU EH fare | ‘Subject to the approval by the Government of India, Corporation has not provided for the additional liabilities of 291.71 crore on account of limit enhanced for PL! from %6300/- to ®18000/- per employee for the period from 2010-1110 2012-13.SUC SSLAD ean Annual Report fem 3 sia ara: (. are? ¥) Note:J OTHER EXPENSES : (@in Lakh) mat Seni Particulars Crna 1 | Raga, gat are ore Power, Fuel & Electricity 251791 270.56 2 | era Rent 205282.63 183272.38 =) se a) Godowns 202661.42 147001.18| ‘@) wrote Tem ar b) Offices and others 2621.21 6271.20| 3 | sea ge eee / Repair & Maintenance 16492.04 10896.28, 9) sham a) Godowns 12317.62 5256.77 | a) oraea uftey cen ery ware b) Office Building & Staff Quarters 911.40 502.86 1) aha ast ait wt ae ah ee ) Machinery including weigh bridge 2245.68 44488,00 d) Others 857.34 647.60] 274.52 265.53 5 | @a Insurance 1689 21.50 6 | ae wa my Rates and taxes, 1659.73 1376.03 7 | arat ara /Travelling expenses 4955.92 4794.74 8 | site ote wen ara ara ‘Ausit foe and travelling expenses 1059.62 859.93 ) sie wre a) Audit Fee 972.60, 759.36 a) aftr FRY a sie ») Audit of Provident Fund 1.38 278FOOD zarer AY CORPORATION “=? GM Fort sr are (@ wat Note :J OTHER EXPENSES : in Lakh) Corea Cen a) wat oe ¢) Travelling Expenses 85.67 97.79 9 Wee Te Tae Public relations and publicity 34.69 36.59 10 aad 4 aa Ty e/a Debisiclaims written off 2322.91 10948.37 co a ard 4 ara ay areata core ara Deferred revenue expenses written off 32.80 20.08 12 | ater ven vif, act ere, ene er sell otk ast & farg cee Allowance for Bad & Doubtful Debts, Claims, Deposits and Loans -47808.39 435.31 & Advances 19 | fatter are (femme 1 wr eieah i) Miscellaneous Expenses (Refer Note J 1) 27256.78 30114,01 abt / TOTAL 214040.06 (215310.26 Tah NOTES , Gosg62 ES Sen whe Yow A Pear eer aa a.The Audit fee of 1059.62 lakh includes: (Rin Lakh) wr a. Pas Cre pare 1 ‘RAT Ga ow “Audit fee 952.42 | 729.42 2 | face FARE ws a7 Gear wth /AUAit of Provident Fund 1.35 278 3 | ar ed / Traveling Expenses s5e7 | 9779 4 | siiafte Sar wear & fare Sar wer Ew J Audi fee for Internal Aucit tras | 25.48 8 | te Bq dat ae Yee (Audit fo for VAT 234 137 6._| 2am safe dy Sear wen Sw Audit fee for Tax Ault 0.00 3.09 ‘ala [Total 1059.62 859.93SUC SSLAD ean Annual Report fear sea axe (ar): (~. aret 4) Noto) OTHER EXPENSES (Contd): ein Lax) acter & fey # Prefiter enftie B b. Godown rent includes :- Fr 2012-13 1 eh & eat oa ‘Owned by CWC 41735.20 33081.73 2 eat $ wah ay ‘Owned by SWC 11618534 87787.95 3 ‘dex sien Port Authority 1991.00 1695.81 4 ‘fait orét Private Parties 15661.15 1471.48 5 = Others 27088.73 10304,21 satt/ TOTAL 202661.42 147001.18 ar ae ere 29.10.2016 @ wa @ eae Ya gre esp / GerEeGA w yTUTE oy OTA Ta AST AT et 8) 01.04.2012 2 0, a, ah ade a FE 307 8 agra ae ame Rear 8 ge TAT er saa azote 15 a] aT sa ier Fre gh ear Poa fee a1 ¢ Government of India has revised storage charges rates payable by FCI to CWC/SWC from 3.07 to 3.38 for 50 Kgs. bag per month w.e/ 01.04.2012 vide lelter dated 29.10.2074. Accounting impact of the same has been takenin the year of decision i.e. 2014-15.area FOOD wie QP Bae “=? GM 10 " 2 B 4 15 16 Penh 1 Note-J1 Fae ara pr Rawr DETAIL OF MISCELLANEOUS EXPENSES Co ori’ ert Advertisement et ote a3 wa Books and periodical etenftat at aaa val & are at wfergit Reimbursement of cost of Newspapers to Employees icone sreirser / aru — arferre Entertainment Allowance /Expense- Executives Fate gow ote aeent wae Legal fees and Professional charges fea sitceret ae wre Expenditure incurred on Hindi Promotion ita 8 atarer abe hees Ge ae eT ora Ge aT Expenditure on CISF and others posted in Godowns orgeiars ge Rare we er Expenditure on research & development area sere oe doe ha sheifes Geen ey se ory a aT Expenditure on CISF and others posted at other points eee fae ‘Sundry expenses Training erafara 8 er ry fer eg Sundry aticles for office use pita seer 3b fry Fae Sundry articles for use in godowns orate pe / safer oe Pere ater Rr Tar at Expenditure on holiday home/guest house including rent arti ert APRA oe Fra ay aT Expenditure on Parliamentary Standing Committee Pe ert oe ara erat Expenditure on daily wages-Ofice parr aah ae Rar arr ara rater (areeel) Expenditure on security guards-ofice (outsource) cree eos wares af & aed ended Beta) 1503.12 48.36 29.40 32.95 694.79 77.45 4812.74 0.00 301.62 145.65 284.81 379.11 77.42 176.19 653.82 1040.64 (e. erat a) in takh) Bee) ERR ruc ended EIR TIE) 1330.40 36.45 27.76 31.20 629.57 55.84 4482.88 119.76 162.26 245.16 192.69 275.35 56.76 176.51 804.86 1461.96SUC SSLAD ean Annual Report Feoroh—31 1 after ara wr Reaeer (@. seat) Note -J1 DETAIL OF MISCELLANEOUS EXPENSES in lakh) ee a biplane Cer AN fa Eee See) 17 | geen arate fren er axa stare ree) Expenditure on security guards-godown (outsource) 2180.50, 995.71 18 fae ote wen ora ap sR Bank commission and olher Bank charges 651.80 541.18 49° laren /careh at aera wh anf whe / ater FeeiCommission paid to ArrangeriTrustec 779.48 621.10 20. |e ay ara ota water ar A a Reimbursement of travelling and other related expenses to retirees 36.09 “a7 24 forsee son Per eh Ferg gem wee Transport charges for furniture and Mise, tems 68.80 68.48 22. {are feat Postages 166.08 163.03 23. fame ven 2a Telegram and Telex 0.00 2559 24 [eres sae ses sen thee ite Telephone including mobile & Fax 607.80 558.25 25 {seer ye ase a ee eR oA UR (reir) Reimbursement of conveyance charges to Officers & Staff (Office) 59.83 4387 26 |srenfeen are fei Serit wh Frey ae Fry aT a RR Remuneration for hiring of services for contingent job 665.76 384.92 27 |sagetgorg stg a prart fon man Tere Stipend paid to Trainees of ICAL 212.30 62.19 28 laa ed der ae Printing and Stationery 774.04 724.89 rater ce sarar ah (Serre) Te aE Frame Te Stevedoring and Port clearance charges on export 4759.85 276.89 es aah 8 a8 ard A sre arg reer / care erat a are Refund of unclaimed/un-disbursed amounts written back in earlier years 336.60] 1257.19 31 [atte after AB orga ah Pree Rt ar gra inspection charges paid to Regional Provident Fund Gommissione 40.97 29.24 32. [grea Peter we EPS inspection charges 382,08 383.77