BOARD OF DIRECTORS
Chairman Mr. R. Anand Directors Mr. Vinodrai V. Goradia Mr. G.D.L.S.N.Raju (upto 31 /05/ 2011) Mr. M. Bhaskara Rao (IREDA Nominee) Mr. M. Kanna Reddy Mr. K. Madhu Mr. Ashven Datla (from 01/06/ 2011) Mr. Kamlesh Gandhi Mr. P.S. Reddy Mr. K. Gautam - Executive Director Mr. P.N. Raju Mr. S .S. Raju Mr. K. Ravi - Executive Director - Joint Managing Director (upto 31 /05/ 2011) - Managing Director

FACTORIES
CEMENT DIVISION
UNIT – I Simhapuri, Mattampally Mandal, Nalgonda Dist Andhra Pradesh Pincode - 508204 UNIT – II Kadimpothavaram, Village, Kondappalli, Krishna District, Andhra Pradesh Pincode - 521228

BOARDS DIVISION
UNIT – I Simhapuri, Mattampally Mandal, Nalgonda Dist Andhra Pradesh Pincode - 508204 UNIT– II Bhothanwali Village, Paonta Sahib, Sirmour District, Himachal Pradesh Pincode - 173025

PREFAB DIVISION
UNIT – I Plot No. 34/A, IDA, Jeedimetla, Hyderabad Andhra Pradesh Pincode - 500 055 UNIT – II Bhothanwali Village, Paonta Sahib, Sirmour District, Himachal Pradesh Pincode - 173025

COMPANY SECRETARY
Mr. T. Arun Kumar

AUDITOR
P.V. Ratnam Chartered Accountant

ENERGY DIVISION BANKERS
Axis Bank Ltd Limited Axis Canara Bank Bank Canara Central Bank Bank of of India India Central Corporation Bank Bank Corporation Indian Renewable Energy Dev. Agency Ltd. IDBI Bank Ltd Oriental Bank of Commerce Indian Renewable Energy Dev. Agency Ltd State Bank of Hyderabad Oriental Bank of Commerce State Bank of Hyderabad India State State Bank Bankof ofIndia Mysore State State Bank of Mysore Axis Bank Limited State Bank of Hyderabad UNIT – I Pothireddypadu, Head Regulator, Chabolu Village, Pothulapadu Post, NandikotkurTQ. Kurnool District Andhra Pradesh Pincode - 518402 UNIT – II RBHLC Zero Mile Point, Tungabhadra Dam, Tungabhadra Board, Amaravathi Village, Hospet Karnataka Pincode - 583225

Regd. & Admn. Office
7th Floor, Raghava Ratna Towers, Chirag Ali Lane, Abids, Hyderabad - 500 001. Tel : 91 (040) - 23203637, 23202548, 23204243 Fax : 91 (040) - 23202496, 23203417 E-mail : ncl@nclind.com Website : www.nclind.com

1

C O N T E N T S
Notice Directors Report Report on Corporate Governance Management Discussion & Analysis Report Auditors Report Balance Sheet Profit & Loss Account Cash Flow Statement Schedules Balance Sheet Abstract Proxy Form 03 09 12 20 23 25 26 27 28 41 43

AGM on Friday the 30th September, 2011 at 10.30 A.M. at Bharatiya Vidya Bhavan, King Koti Road, Hyderabad- 500 029.
2

pass.per Month) Commission: 1. be and is hereby approved.per month (with an annual increment of Rs. To consider and if thought fit.Reddy who retires by rotation and is eligible for re-appointment. 2011 at the following terms. 5.000/. the 30th September. the following resolution as an Ordinary Resolution. Telephone/Cell Phone: Free. To declare dividend. 1962 and Rules made there under. with or without modification. Entertainment Expenses: He shall be entitled to reimbursement of entertainment expenses actually and properly incurred for the business of the Company.NOTICE Housing/HRA: @ 40% of the salary Notice is hereby given that the 30th Annual General Meeting of NCL Industries Limited will be held on Friday. Perquisites: In addition to salary. 309 read with Schedule XIII and other applicable provisions. Encashment of Leave: One full pay and allowances not exceeding onemonth’s leave for every twelve months of service. 1956. pass. 310 read with Schedule XIII of the Companies Act. 269. To appoint Auditors and fix their remuneration.00.500 029. Leave Travel Concession: for self and family subject to ceiling of one month’s salary in each year. P. dependent children and dependent parents of Mr. except for personal long distance calls which shall be billed. the revision in remuneration of Mr. which at present is Rs. perquisites allowed as follows: Medical Reimbursement: Expenses incurred for self and family subject to a ceiling of one month’s salary in each year or 3 months salary in a block of 3 years.30 AM at Bharatiya Vidya Bhavan. 2. and other applicable provisions. the remuneration payable to him shall be limited to the applicable ceiling prescribed under Schedule XIII to the Companies Act. the following resolution as a Special Resolution. Ashven Datla who was appointed as an Additional Director of the Company with effect from1st June 2011.Kamlesh Gandhi who retires by rotation and is eligible for re-appointment. 1956 (Para B of Section II). Conveyance: Free use of Company’s car with driver for Company’s business. To appoint a Director in place of Mr. subject to the condition that the leave accumulated. To consider and if thought fit. if any of the Companies Act 1956.000/.S. ‘Family’ means wife.P. 4.00. liable to retire by rotation. ORDINARY BUSINESS 1. if any of the Companies Act 1956. King Koti Road.” Salary: Rs. Executive Director with effect from 1st April. pass. “RESOLVED that Mr.” “FURTHER RESOLVED that in the case of inadequacy of profits in any year. To appoint a Director in place of Mr. 309.” 8. the re-appointment of Mr. Company’s contribution to Provident Fund and Superannuation Fund shall be as allowed under the Income Tax Act and Rules and as per the Rules of the company. to transact the following business. K. He will not be eligible for any sitting fees of the Company’s Board/Committee Meetings. To receive. 2011 at 10. SPECIAL BUSINESS 6. with or without modification.000/. Raju.N.Ravi. To consider and if thought fit. 1956. Hyderabad. and holds office till the date of this meeting in terms of Section 260 of the Companies Act.” 7. 4. with or without modification.” 3 . 1956. be and is hereby approved. but not availed of shall be dealt with as per the Income Tax Act. 60. consider and adopt the audited Balance Sheet of the company as at 31st March 2011 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon. Gratuity: Equal to half month’s salary for each completed year of service asper the Rules of the Company. K Ravi as Managing Director for a period of five years with effect from 1st April 2011 at the following remuneration. “RESOLVED that in accordance with the provision of Sections 198. 3. “RESOLVED that in accordance with the provisions of Section 198. be and is hereby appointed as a Director.5 % of the net profit of the Company computed in a manner laid down under section 198 of the Companies Act. the following resolution as an Ordinary Resolution. 4.per Month.

To consider and if thought fit.NOTICE Salary: Rs.000/. if 4 .Gautam Executive Director with effect from 1st April. Conveyance: Free use of Company’s car with driver for Company’s business. 2.” “FURTHER RESOLVED that the above remuneration be paid as Minimum Remuneration in the event of inadequacy of profits. ‘Family’ means wife. pass with or without modification. dependent children and dependent parents of Mr. but not availed of shall be dealt with as per the Income Tax Act. Leave Travel Concession: for self and family subject to ceiling of one month’s salary in each year. 2011 at the following terms. except for personal long distance calls which shall be billed.” “FURTHER RESOLVED that the above remuneration be paid as Minimum Remuneration in the event of inadequacy of profits. ‘Family’ means wife. the following resolution as an Ordinary Resolution. Conveyance: Free use of company’s car with driver for company’s business. 10. Company’s contribution to Provident Fund and Superannuation Fund shall be as allowed under the Income Tax Act and Rules and as per the Rules of the company/equivalent Special Allowance as may be opted by the appointee.per month) annual any of the Companies Act 1956.per month) Perquisites: In addition to salary.000 /.N. the following resolution as a Special Resolution.per month (with an annual increment of Rs.Raju. Company’s contribution to Provident Fund and Superannuation Fund shall be as allowed under the Income Tax Act and Rules and as per the Rules of the company.00.000/. 1956. To consider and if thought fit. Encashment of Leave: One full pay and allowances not exceeding one month’s leave for every twelve months of service.K.Gautam.P. and other applicable provisions. Gratuity: Equal to half month’s salary for each completed year of service as per the Rules of the Company. 1956. except for personal long distance calls which shall be billed. He will not be eligible for any sitting fees of the company’s Board/Committee meetings. the payment of a Commission: 0. “RESOLVED that pursuant to the provisions of Section 314(1). 310 read with Schedule XIII of the Companies Act. Sec 314(1B) and other applicable provisions. but not availed of shall be dealt with as per the Income Tax Act.” Salary: Rs. 1956.00.K. the revision in remuneration of Mr.000 /. subject to the condition that the leave accumulated. “RESOLVED that in accordance with the provision of Sections 198. Gratuity: Equal to half month’s salary for each completed year of service as per the Rules of the Company. Telephone/Cell Phone: Free. be and is hereby approved. perquisites allowed as follows: Housing/HRA: @ 40% of the salary Medical Reimbursement: Expenses incurred for self and family subject to a ceiling of one month’s salary in each year or 3 months salary in a block of 3 years. Telephone/Cell Phone: Free. 1. 30. if any. 309.” 9. Encashment of Leave: One full pay and allowances not exceeding one month’s leave for every twelve months of service. pass. of the Companies Act. Perquisites: In addition to salary. subject to the condition that the leave accumulated.per month (with an increment of Rs.” 10. dependent children and dependent parents of Mr. He will not be eligible for any sitting fees of the Company’s Board/Committee meetings. 1962 and Rules there under. 1962 and Rules there under. with or without modification.5 % of the net profit of the company computed in a manner laid down under section 198 of the Companies Act. perquisites allowed as follows: Housing/HRA: @ 40% of the salary Medical Reimbursement: Expenses incurred for self and family subject to a ceiling of one month’s salary in each year or 3 months salary in a block of 3 years. Leave Travel Concession: for self and family subject to ceiling of one month’s salary in each year.

per month from 1st November. 4. 5 . or to their nominees.2011 to 30th September.” 11. 6.” “FURTHER RESOLVED that the Board of Directors be and is hereby authorized to grant such increments as they may deem fit to Mr. the following resolution as a Special Resolution. 1956.” “FURTHER RESOLVED that the Board of Directors be and is hereby authorized to grant such increments as they may deem fit to Mr. In terms of clause 49(IV)(G) of the Listing Agreement. 1956. The Register of Members and Share Transfer Registers will remain closed from 23 rd September.per month from 1st June. Shareholders holding shares in physical form may write to the Registrar for assistance. 2011 on a Cost to the Company basis to Mr.NOTES remuneration of Rs. Vice President (Exports) be and is hereby approved. 2011 on a Cost to the Company basis to Mr. Members holding shares in physical mode are requested to provide their Bank Account Number. within the ceilings prescribed by Section 314 of the Companies Act. of the Companies Act. completed and signed and must be received by the company not less than 48 days before the Annual General Meeting. Explanatory Statements pursuant to Section 173(2) of the Companies Act. the payment of a remuneration of Rs. Managing Director proposed to be re-appointed under the Special Business is included as a part of Explanatory Statement to Item 7.101/. Individual shareholders can avail the facility of nomination. etc to our Registrars and Share Transfer Agents Address to enable us to send all future communications including Annual Reports through e-mode. Members holding shares in electronic form are requested to inform the changes. Proxies in order to be effective should be duly stamped. 5. in respect of the Special Business is annexed hereto. in order to prevent against fraudulent encashment of dividend. Shareholders seeking any information with regard to accounts are requested to write to the Company at an early date so as to enable the Management to keep the information ready. A member entitled to attend and vote at the meeting is entitled to appoint a proxy instead of himself to attend and vote only in a poll and the proxy need not be a member. Shareholders holding in electronic form may approach their DP with whom they maintain their account. and Rs. if approved at the Meeting. will be paid to those members whose names appear on the Register of Members as on 30th September 2011. 84. Nirmal Goradia. 9. as per details to be furnished by the depositories for the purpose. 2010. 10. pass with or without modification. To consider and if thought fit. K Ravi. Members are also requested to lodge their e-mail ID’s along with name and Folio/Client ID No. brief resumes of Directors proposed to be re-appointed at the Meeting are given. 1956. within the ceilings prescribed by Section 314 of the Companies Act. Nirmal Goradia. Utkal Goradia. if any.. 3. 57. 75. The resume of Mr. 8.per month from 1st June. Utkal Goradia. 2. 7. dividend will be paid to the beneficial owners as at the end of business on 22nd September 2011. to the Depository Participant with whom the demat account is maintained. “RESOLVED that pursuant to the provisions of Section 314(1) and other applicable provisions.” By Order of the Board For NCL INDUSTRIES LIMITED Place: Hyderabad Date : August 12. In respect of shareholding in dematerialised form. Manager (Materials) be and is hereby approved. The Dividend as recommended by the Board. Name and Address of the Bank / Branch to the Registrar of the Company to enable the company to incorporate the same in the dividend warrant. in their address or bank particulars etc. if any. 1956. 2011 T. 2011 (both days inclusive) on account of the Annual General Meeting and Dividend payment.000/.188/. ARUN KUMAR Company Secretary NOTES: 1.

Kamlesh Gandhi (61 years) has extensive experience spanning over 35 years in the field of Capital and Financial markets in India and has been a member of BSE for over 14 years.000/ per month. The Board recommends this resolution for your approval. 1956 together with requisite deposits have been received from some members proposing the candidature of Mr. high net worth and Institutional Investors. A brief resume of Mr. 1956.Centrum Capital Limited and Religare Capital Markets Limited. 6 Mr. K.5% of the Net Profits and other perks as detailed in the resolution. S. setting up Investment Management Services division and ramping up the stockbroker activities of two well known stock broking and investment banking firms in India . He is currently on the Board of Bhagyanagar India Limited. 1956.Ravi as Managing Director for a period of 5 years w.P. however. he was employed with several prestigious organizations like GE. Managing Director. the remuneration fixed is well within the ceiling prescribed by Section 198 of the Companies Act. Over the last 20 years he runs a Investment Banking advisory firm and has been associated with a number of mid sized companies.He has been involved in raising funds in over 320 capital issues placement of equities of several companies with retail. Notice pursuant to Section 257 of the Companies Act.Best & Cromption Engineering projects Ltd.f. both domestic and overseas. Lalbawa Investment& Trading Company (P) Ltd and Ogene Systems India (P) Ltd. be obtained in the ensuing General Meeting of the Company for payment of the above remuneration as Minimum Remuneration in the event of inadequacy of profits. Bodhtree Consulting Ltd . Section II to Schedule XIII of the Companies Act.Brief Resume of Directors proposed to be appointed/ re-appointed. He is at present a director in Khandaleru Power Company Ltd. the re-appointment of Managing Director requires the approval of the shareholders in General Meeting by way of a Special Resolution.Ashven Datla Mr. According to Section 269 of the Companies Act. K Madhu may be treated as interested in the proposed resolution. read with Para B. Bank of America and Deloitte. He currently holds 25. NCL-VST Infra Ltd.Ashven Datla was appointed as an Additional Director by the Board of Directors in its meeting held on 30 May. as warranted by Para 1(B). 1956. he holds office up to the ensuing Annual General Meeting.00. Kirloskar Electric Company Limited.and Nagarjuna Cerachem Pvt. ITEM NO.S.e. K Ravi and his brother Mr. K Ravi. Section II of Schedule-XIII to the said Act. Ashven Datla to the office of Director. Part II. Reddy (58 years) is a graduate in commerce and an associate member of Indian Institute of Bankers. also decided that the consent of the shareholders.37. The information as required under Schedule XIII to the Companies Act. Based on the Net Profits for the year ended 31st March 2011. 1956 is as under:- 6 . Ashven Datla is already given as a part of this notice. CT. he has been responsible for initiating and building the capabilities to offer Equity related capital market services to companies. Ltd. He does not hold any equity shares in the Company. Explanatory Statements pursuant to Section 173(2) of the Companies Act. He is currently holding 1.e. He was also on the Board of Directors of Association of Merchant Bankers of India (AMBI) for 4 years since its inception and was again Director of AMBI for 2 years from 2004 to 2006. 1956 ITEM NO. Mr. Part II. Hence Mr. Bhoruka power Corporation Ltd. Kamlesh Gandhi Mr. Thereafter he was heading the Merchant Bank for Western and Southern India before turning entrepreneur in 1990. 2011. as per the recommendation of the Remuneration Committee and as prescribed in Schedule XIII of the Companies Act. IBM.162 shares in the Company. The Board. Mumbai. 1956. Further. 2011. He is also one of the founder Directors of Stock Brokers Underwriters Association and served the organization for 6 years. Earlier. Mr. Ashven Datla is a MBA(Finance) from University of Hortford. Mr. Commission of 1. He started his career as a Commercial Banker with SBI in 1975 and later moved to Citibank in 1987 to set up the Investment Bank for Citibank in South India. 1st June.f 1st April. Starting his career with Champaklal Investment & Financial Consultancy Ltd.Ravi has been fixed at a Salary of Rs.7 At its meeting held on 30th May.Reddy Mr. 4. Ashven Datla is the son in Law of Mr. (CIFCO). P.218 Equity shares in the Company Mr. USA and Managing Director of NCL Wintech India Limited. K. According to Section 260 of the Companies Act 1956. w. the Board of Directors have re-appointed Mr. 2011. 2011. the remuneration of Mr.

563.Ravi holds directorship in Khandaleru Power Company Ltd.lakhs Rs.as set out in the resolution for the Item No 7 . if any . Subject to the superintendence.64 2985.08 15%* 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 (6) Foreign investments or collaborators.FOB basis for the financial year 2010-11.25/. (7) Pecuniary relationship directly or indirectly with the company. direction and control of the Board.71 2341.64 4279. 95.Ravi is the overall in. (5) Remuneration proposed . (4) Financial Performance: (Rs.K. Ltd and Vikram Chemicals Private Ltd. profile of the position and person: The proposed remuneration is comparable to the remuneration being paid to the Managing Director or other companies of similar size and operations.13 1170.61 Lakhs Foreign Currency Earnings.Besides.I. and has over 25 years experience in managing industrial units. Ltd.66 2452.50 20% 27648.69 739. size of the company.78 25% 42639. 1984. Austria for erecting high rise building using the VST Technology.The remuneration proposed to be paid to the Managing Director has the approval of the Remuneration Committee. which is basically a multipurpose Cement Bonded Particle Board (CBPB) in Technical Collaboration with BISON WERKE of Germany. Boards.75 10% 56566. II.47. 79.. In Lakhs) Financial Parameters Turnover Net Profit (as computed u/s.. He successfully implemented the hydel power project of NCL Energy Ltd. (2) Past remuneration Financial Year 2010-11 2009-10 2008-09 Total Remuneration (Rs.47 4458. (2) Date of commencement of commercial operation – 16th February. Mr. 198) Net profit as per profit and loss Account Amount of Dividend paid# Rate of dividend Declared # including dividend Tax * Dividend Proposed (5) Export performance: Rs. Prefab products and Hydel Power.57 2764.lakhs (3) Recognition or awards: Not Applicable (4) Job profile and his suitability – Mr.. Mr. the day to day management and administration of the Company is vested with the Managing Director.lakhs Rs. K Ravi 7 . (6) Comparative remuneration profile with respect to industry. Apart from being the Managing Director of NCL Industries Ltd. A joint venture company called NCL VST infra limited has been formed to take up the activity.Mr. Kakatiya Industries Pvt. (3) In case of new companies.93 965. K Ravi (57 years). 55.25 3017.07/.20 2968. expected date of commencement of activities as per project approved by financial institutions appearing in the prospectus – Not Applicable.29 609. the remuneration proposed.47 2956. or relationship with managerial personnel. is a Diploma holder in Electrical Engineering.charge of operations of the Company. and his holding of 16.08 989. if any – (a) The Company manufactures Bison Panel. (b) The Company has entered into a Joint Venture agreement with VST-Verbundschalungstechnik Gmbh.18 25% 34113. NCL-VST Infra Ltd. Deccan Nitrates Pvt. INFORMATION ABOUT THE APPOINTEE: (1) Background Details . 19589. Ltd.625 equity shares in the Company. Nagarjuna Cerachem Pvt.78 408. GENERAL INFORMATION: (1) Nature of Industry – The Company is operating in four segments -Cement.) Rs.40/.

K.50. 8 Mr. Mr.000/.2010 approved the appointment and re-designated Mr. 1956. Your directors recommend that the resolution be passed. the Board approved payment of an increased remuneration of Rs. Item 11 Members may recall that at the Extra-Ordinary General Meeting held on 30th July. Your directors recommend that the resolution be passed.f. 57. 2011 has decided to increase his remuneration with effect from 1st April 2011. R. Subsequently.e. 1956. At the meeting held on 12th August. None of the Directors. 1 August. Mr.R.K. According to Section 310 of the Companies Act. increased his salary w. subject to the approval of Central Government since the approval of the Central Government was required for any payment beyond Rs. Nirmal Goradia shall draw the remuneration to the extent permitted by Section 314. Your Directors seek your approval for the above remuneration paid/payable to Mr. 1956. Vinodrai Goradia. K. Utkal Goradia is the grandson of Mr. 2007 they have passed a Special Resolution approving the appointment of Mr. 9 Mr.000/. and the payment of remuneration of Rs.2009. revising his remuneration to Rs. 01. the Ministry of Corporate Affairs enhanced the ceiling of payment of remuneration with the approval of the Special Resolution upto Rs 2. This Section requires the approval of the shareholders and/ or the approval of the central government if the remuneration is beyond prescribed ceilings. 8 . Director. Subsequently. This remuneration is subject to the approval of the Shareholders through a Special Resolution.per month. 2009. Nirmal Goradia as Vice President (Commercial) at a salary of Rs. and considering the growth achieved by the Company. they have passed a Special Resolution approving the appointment of Mr. 1956.188/. None of the Directors. Nirmal Goradia is the son of Mr. Nirmal Goradia as Vice President (Exports) with enhanced responsibilities.Raju is interested in the proposed resolution.357 (E) Dated 2nd May. as required by Section 314 of the Companies Act. and grant him increments within the ceilings prescribed under the provisions of Section 314 of the Companies Act. increase in remuneration validly made by resolution of the Board of Directors needs to be ratified in the next General Meeting of the Company. ITEM NO. Utkal Goradia as Manager.per month with effect from 1st June. Holding of any office of profit by and payment of remuneration to a relative of any director are governed by the provisions of Section 314 of the Companies Act.000/.S.e. Director. None of the Directors except Mr. 84. Holding of any office of profit by and payment of remuneration to a relative of any director are governed by the provisions of Section 314 of the Companies Act. the Board at its meeting held on 13 th November. 2011 the Board of Directors of the Company granted an increment to Mr. 101/. The Board recommends this resolution for your approval. 1956.Ravi deemed to be interested in the proposed resolution. Your Directors recommend that the resolution be passed. Madhu. At its meeting held on 12th August. your Board of Directors had in their meeting held on 30th May 2011.Madhu and Mr. G. 30. The increase is in accordance with the conditions specified in Schedule XIII of the Companies Act. 1956. and considering the growth achieved by the Company. 2011. his brother are interested in the proposed resolution. Your Directors recommend that the resolution be passed.900/ . ITEM NO. Nirmal Goradia.N. K. Nirmal Goradia.604/. Utkal Goradia. In recognition of the contribution made by him.N.per month. 2011.(Administration)at a salary of Rs. Item 10 Members may recall that at the 28th Annual General Meeting held on 29th September 2009. Utkal Goradia. Your Directors seek your approval for the above remuneration paid/payable to Mr. K.does not have any other pecuniary relationship with the Company. 1956. the Board in its Meeting held on 30th May. 2011. increase in remuneration validly made by resolution of the Board of Directors needs to be ratified in the next General Meeting of the Company.Raju was re-appointed as an Executive Director by the Board of Directors of the Company for a period of 5 years w.per month. 75.f 1st April 2011. except Mr.per month to Mr. 50.e.f. 1956. read with schedule XIII of the said Act. The Board also decided that till the approval of the enhanced remuneration by the Central Government. Ravi and Mr. except Mr. without the approval of the Central Government. P.. 1956.08.per month Mr. The Resolution also authorized the Board to grant him increments so that his total remuneration would not exceed Rs.P. with effect from 1st June. According to Section 310 of the Companies Act. This Section requires the approval of the shareholders and/or the approval of the central government if the remuneration is beyond prescribed ceilings. 50.per month(on cost to the company basis).Gautam was appointed as Executive Director of the Company for a period of 5 years w. and grant him increments within the ceilings prescribed under the provisions of Section 314 of the Companies Act. read with schedule XIII of the said Act.000/. The increase in remuneration is in accordance with the conditions specified in schedule XIII of the Companies Act 1956. 49. 2011.per month as per the prevailing ceilings under Section 314(1B) of the Companies Act. Vinodrai Goradia. vide Notification No. In recognition of the contribution made by him.

P.f 1st June. P V Ratnam be re-appointed as Auditor. AUDITORS Mr.Ratnam. Your directors are also contemplating establishment of a thermal power plant to cater to the needs of the power requirements of the company and also sell surplus power. DIVIDEND In view of the higher profitability.Kamlesh Gandhi Directors retire by rotation at the ensuing Annual General Meeting and are eligible.S. As soon as the plans are crystallized.S. 1700.e. 2011.L. EXPANSION/DIVERSIFICATION/JOINT VENTURES Your Directors are pleased to report that your company has entered into a Joint Venture Agreement with VSTVerbundschalungstechnik Gmbh.S.DIRECTORS’ REPORT Your Directors have pleasure in presenting their Report for the financial year ended March 31. R.670.V. and Mr. Joint Managing Director and Mr.44 2. INVESTOR EDUCATION & PROTECTION FUND 607. the Directors propose a transfer of an amount of Rs.00 3. FIXED DEPOSITS As on 31st March 2011. The Company has repaid all the matured deposits that have been claimed.339.S. Your Directors propose that Mr. Mr. and 100 % in the Net Profit compared to the previous year. the Profit & Loss Account for the year ended on that date and the report of the Auditors thereon are being circulated with this report.113.L.700.The Company also proposed to set up Ready Mix Concrete units in Andhra Pradesh.63 1.65 Lakhs of Public Deposits are outstanding. Austria for erecting high rise building using the VST Technology.S. 9 . Srinivasa Rao. Cost Accountant.79 519.075.441. the existing auditor of the Company retires at the conclusion of this Annual General Meeting and is eligible for re-appointment.79 Lakhs relating to unpaid Dividend for the Financial Year 2002-03 to the Investor Education & Protection Fund. 2011. 2011.D.094.N. for re-appointment.74 1.Raju.170.Reddy. the dividend being free from income tax in the hands of the shareholders.500. the existing Cost Auditor of the Company has been re-appointed to conduct the Cost Audit pertaining to the Cement Division as well as the Energy Division of the company for the year 2011-2012.Raju. The salient features of the financial results are as follows: (Rs.N. Raju during their long tenure on the Board of the Company.73 1.187.P. Chartered Accountant.566.1. Director have resigned w. DIRECTORS Mr.66 2. Boards and Energy Division turnover and spectacular performance in the last quarter of the financial year 2010-11. compared to the 10% dividend declared in the previous year. COST AUDITORS Mr.50/.20 2.44 lakhs in the previous year) including the dividend tax.60 3.153.16 441. in lakhs) 2010 – 2011 2009 – 2010 Gross Income Profit Before Tax Provision for Tax Net Profit Profit brought forward from Previous Year Profit available for Appropriation Appropriations Provision for Dividend & Dividend Tax Transfer to General Reserve Balance carried forward 56.41 1168. the Directors will report the details. A joint venture company called NCL-VST Infra Limited has been formed to take up the activity. Your Board wishes to place on record its appreciation of the valuable contribution made by Mr. your Directors are pleased to recommend a higher dividend of 15%. FINANCIAL RESULTS The Audited Balance Sheet of your Company as at March 31.D. Out of the profits.00 lakhs to the General Reserve. there has been a 66 % increase in the gross turnover.6.860.89 34. The dividend payout for the year 2010-11 will be Rs.78 2. G.50 2.60 During the year under review.29 1.73 lakhs (Rs.78 The Company has transferred Rs.G.per share absorbing a sum of Rs 607. S S Raju and Mr.153. The substantial increase in turnover and profits compared to the previous year was mainly due to overall increase in Cement.494. Rs 2.341.00 1.

The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act 1956. CORPORATE GOVERNANCE A separate Report of compliance with the provisions relating to Corporate Governance as required by Clause 49 of the Listing Agreement with the Stock Exchanges is enclosed as Annexure ‘A’ to this Report. Managing Director has been re-appointed as Managing Director for a period of five years w. That the Directors prepared the Annual Accounts on a going concern basis. ANAND Chairman 10 . IDBI Bank and Central and State Government Departments. SBI. ACKNOWLEDGEMENTS Your Directors wish to place on record their appreciation of the support and co-operation extended by IREDA. MANAGEMENT DISCUSSION AND ANALYSIS REPORT The Management Discussion and Analysis Report is annexed as Annexure ‘B’ to this Report. ADDITIONAL INFORMATION The information required to be disclosed in terms of Sec. Place: Hyderabad Date: August 12.e. for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities. 1975 as amended is annexed as Annexure –C to this Report. OBC. Canara Bank.2011 Appropriate resolutions for their appointment/re-appointment are proposed in the Annual General Meeting..217 (1) (e) of the Companies Act. PARTICULARS OF EMPLOYEES The details of employees who have been in receipt of the remuneration envisaged by Section 217(2A) of the Companies Act. SBH.Ashven Datla has been appointed as Additional Director w. technology absorption and foreign exchange etc. Your Directors also wish to place on record their appreciation of the excellent enthusiastic support received from the shareholders. III. Mr. Consumers and Depositors.Mr. Axis Bank. Your Directors have pleasure in acknowledging the excellent co-operation received from the team of dedicated executives and employees who have contributed handsomely to the operations of the company. DIRECTORS’ RESPONSIBILITY STATEMENT In accordance with the provisions of Section 217 (2AA) of the Companies Act. the Directors of your Company confirm: I.f 1st April. 2011 and of the profit of the Company for the year ended on that date. IV. Corporation Bank. 1956. 1956 read with the Companies (Particulars of Employees) Rules.Ravi. 2011 R. For and on behalf of the Board II.f 1st June. 1956 relating to conservation of energy. Dealers.K. 2011. Stockiest. is furnished in Form A & B and forms part of this report. State Bank of Mysore.e. Central Bank of India. That all applicable accounting standards have been followed in the preparation of annual accounts and that there are no material departures That the Directors selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at 31st March.

In Lakhs) Average Rate/Tonne(Rs) 3 FIRE WOOD Quantity ( MT ) Total Cost ( Rs.37 9. Purchased Units . ANAND CHAIRMAN 11 . (R&D) A Reasearch and Development ( R&D) B Technology Absorption. In Lakhs ) Average Rate/Tonne(Rs) 4 CONSUMPTION PER MT OF PRODUCTION Electricity .17 * 770 95.60 101795 2681 2634 2 Place : Hyderabad Date : August 12. FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO TECHNOLOGY ABSORPTION. 2011 R.19 97.42 10.Lakhs Total Amount ( Rs. FORM-A FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY Current Year 2010-11 Previous Year 2009-10 A. adoption and innovation : Not Applicable : Not Applicable For and on behalf of the Board 94. Own Generation Through Diesel Generator ( Units Kwh Lakhs) Total Amount ( Rs.I.13 0.MT (Cement Division) Kcal/Kg clinker *Per MT of equivalent Ordinary Portland Cement FORM-B II.76 1. POWER AND FUEL CONSUMPTION 1 ELECTRICITY a.In Lakhs) Rate/Unit( Rs ) b.25 * 125.In Lakhs ) Rate/Unit( Rs ) COAL Quantity ( Tonnes ) Total Cost (Rs.Units Cement Division Boards Division Coal .36 0.17 * 772 18766 544 2896 4750 111 2337 1024 3853 3.97 12.97 * 176.63 19.25 177762 5541 3117 625 2105 3.

Executive Director 12 .GDLSN Raju.Raju S.2011. of memberships of other Committees **as as Chairman Member 3 1 1 1 R. AGM and committees where he is a Director / Member. Anand M.e. 1st June. your Board of Directors had 12 Directors. Mr.V.f 1st June.Gautam P.e.RAJU# K. 2010 (5) 31st Jan 2011 (3) 30th Sep 2010 (7) 24th Feb 2011. 2010 (4) 13th Nov 2010 (2) 13th Aug.Ashven Datla has been inducted as Additional Director w. Director of the Company have resigned w.L. 2011. b) Number of Board Meetings held during the year along with dates of the meetings: Six Board Meetings were held during the year 2010-2011. Ravi - - - **As per the explanation to clause 49I(C). c) Attendance of Directors at Board Meetings. including the Chairman are independent.S.Non-Executive Director # Resigned w.f 01/06/2011 ED .REPORT ON CORPORATE GOVERNANCE (in compliance with Clause 49 of the Listing Agreement) 1) Company’s philosophy on Corporate Governance Annexure “A” The Company’s philosophy on Corporate Governance is to conform to the code of corporate governance in letter and spirit as an aid for efficient conduct of its business and in meeting its obligations to shareholders.N.only Audit committee and Shareholders grievance committee have been considered for the purpose * I & NED Independent and Non Executive Director NED . Rajui# K.Raju.N.S.S. Joint Managing Director and Mr. 2) Board of Directors: a) Constitution & Size of the Board During the year under review. The dates on which the said meetings were held are as under: (1) 30th May.D.S.Reddy G.S. Kanna Reddy M. Bhaskara Rao Kamlesh Gandhi V. Mr.e. Goradia K Madhu P. Name of the Director Categories Of Directorship* I & NED I & NED I & NED I & NED NED NED I & NED NED ED ED JMD MD No of Board Attendance Directorship Meeting at last in other attended AGM Companies 4 6 3 5 4 6 4 4 6 5 6 6 Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes 6 2 2 2 2 6 7 6 1 No.f. Five of the Non Executive Directors. 4 being Executive Directors and 8 NonExecutive Directors.

S. 13th August 2010. Name M. Madhu P. 4) Remuneration Committee: The Board also has a Remuneration Committee constituted in pursuance of Clause 49 of the Listing Agreement. The role of the Audit Committee includes the following: a) Overseeing the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct.Kanna Reddy M. the annual financial statements before submission to the board for approval d) Reviewing the adequacy of internal audit function and the adequacy of the internal control systems. re-appointment and.Reddy Remuneration Policy The remuneration policy of the Company is to make the compensation payable to the executive directors comparable to industry standards and commensurate with the performance of the Company. 13th November 2010. This Committee considers and recommends the remuneration payable to Executive Directors. sufficient and credible. 2010. four meetings of the audit committee were held on the following dates: 30th May. The terms of reference of the Audit Committee are in accordance with the provisions of Clause 49 of the Listing Agreement.Kanna Reddy M. Executive Directors and the President (Finance & Accounts) are permanent invitees to this Committee. Joint Managing Director. 31st January 2011. During the year under review. if required. with the management. During the year under review. Bhaskara Rao K. The constitution of the committee and attendance of each member at the audit committee meetings held during the year under review is given below Name M. the appointment. Bhaskara Rao K. Madhu Kamlesh Gandhi Designation Chairman Member Member Member Category Independent Independent (IREDA Nominee) Non Executive Independent Committee meetings attended 4 2 4 4 The Managing Director. the replacement or removal of the statutory auditor and the fixation of audit fees. while adhering to the ceilings prescribed under the Statute. Remuneration paid to Executive Directors During the period under review.The constitution of the committee is given hereunder.3) Audit Committee: The Board has an Audit Committee constituted pursuant to Clause 49 of the Listing Agreement. b) Recommending to the Board. the remuneration paid/payable to the executive directors including the Managing Director is as follows: Designation Chairman Member Member Member Category Independent Independent (IREDA Nominee) Non Executive Independent 13 . no committee Meeting was convened . c) Reviewing.

000 25. The sitting fees paid to the Directors during the year under review was as follows: Name of Director M.07 29. · Commission payable to MD (at 1.000 45.N. Madhu M.V.D S. During the year under review.65. Goradia K. No.218 No.000 20. Remuneration paid to Non Executive Directors The Non-Executive Directors were paid sitting fees for attending the meetings of the Board or the Committees thereof at the rate of Rs. In addition they are entitled to commission at the rate of not exceeding 1% of the net profits of the Company in terms of the resolution approved by the shareholders at the AGM held on 29th September. Raju K Madhu Kamlesh Gandhi P. Bhaskara Rao V.98 6.56 Commission 44.N. Contribution to PF etc.S.000 55.629 NIL 1. 1956 which is separately shown in Notes to Accounts.D. E.Reddy 5) Investor’s Grievance Committee : This committee comprises of three members namely Mr. of Shares 540 NIL 4.M.S.25% of the net profits aggregating Rs. E.V.(Rs.18 19.53 Total 79. Bhaskara Rao Ashven Datla Kamlesh Gandhi P.Anand M.40 Perquisites 9.D K.L.7.Anand G.S.D.N.Reddy Total Sitting Fees Paid Shareholdings of Non Executive Directors as on 12th August.Raju.162 NIL 25.80 6.000 14 .000 25.000 20.Raju.000 2. Raju as its members.Kanna Reddy M.Gautam. M. Kanna Reddy as its Chairman and Mr.42 Lakhs which will be paid on approval of accounts at the ensuing AGM. Goradia R. M. Jt.37.S.D P.470 11.per Board/Committee Meeting.5000/.S. Kanna Reddy V.D Salary 24. of Board/ Committee meetings attended 11 5 4 4 5 11 9 4 Sitting Fees paid (Rs) 55. K.25.30 2.10 8. Ravi.03. in lakhs) Name of the Director K.87 9. 2011: Non-executive Directors R.000 20.5% of Net profits of the company) computed in accordance with Section 198 Companies Act.67 19.96 Perquisites include HRA. G. 2009. they will receive@0. The Committee is formed for the purpose of complying with the guidelines on Corporate Governance to monitor redressal of complaints received from the shareholders. Madhu and Mr.20 12.L.

Kanna Reddy K. Hyderabad Bharatiya Vidya Bhavan. the Committee met once on 13th December. Name M.Raju Executive Director c) Revision of remuneration payable to Mr.09. Nirmal Goradia as Vice President(Commercial) f) Remuneration by way of commission payable to Non-Executive Directors 2007 .P.D.2008 at 11. Ravi. Aswin Goradia as Regional Manager f) Appointment of Mr. i) Sl No 1 2 3 4 Details of Investors letters / complaints received during the year ended 31st March 2011.09.2009 Gist of the Resolutions NIL a) Appointment of Mr.L. Sandeep as Management Trainee 15 .2008 a) Revision of remuneration payable to Mr.00 AM Place Bharatiya Vidya Bhavan. T.Executive Director e) Appointment of Mr. P. Raju Compliance Officer Mr.2010 at 10. King Koti.S. K.N.Raju .Executive Director d) Remuneration payable to Mr. G. Non – Receipt of Annual Report Miscellaneous – others ii) Number of Complaints pending with the Company: All the complaints / letters received during the financial year were replied / resolved to the satisfaction of the shareholders.N.Gautam as Director c) Remuneration payable to Mr. K.Receipt of Share certificates after transfer / duplicate.Reddy as Director b) Appointment of Mr. The attendance details of the members are given hereunder.S.Raju Executive Director d) Appointment of Mr.2009 at 10.2010 2008 .N. Kamlesh Gandhi as Director e) Appointment of Mr. Hyderabad Received 32 4 2 Disposed 32 4 2 Pending Nil Nil Nil Nil Designation Chairman Member Member Category Independent NED NED Committee meeting attended 1 1 1 b) Details of Special Resolutions passed in last three AGMs Year 2009 .P. 2010.During the period under review.00 AM 29. 7) General Body Meetings: a) Details of the location of the last 3 Annual General Meetings (AGM) are given hereunder: Year 2009-2010 2008-2009 2007-2008 Date & Time of AGM 30.K.09. Arun Kumar. Madhu G. Nature of letter / complaints Non-receipt of Dividend warrant(s) Non . 6) Subsidiaries: There are no subsidiaries of the Company.S. Hyderabad Bharatiya Vidya Bhavan. Company Secretary of the company is also designated as the Compliance Officer. T. King Koti. King Koti.S.00 AM 29. Managing Director b) Revision of remuneration payable to Mr.Gautam.

d) The Company has complied with the mandatory requirements stipulated under clause 49 of the listing agreement entered into with the stock exchanges. nor is there any proposal this year for passing any special resolution by postal ballot. King Koti. However. 9) Means of communication: I. April 1st to March 31st next. and Andhra Prabha .30 AM Bharatiya Vidya Bhavan. No. Directors. iii.com 10) Shareholders information: i) AGM Date Time Venue Financial Year Date of Book Closure Dividend payment date Listing on Stock Exchanges A) Script Code B) Demat ISIN No in NSDL & CDSL for equity shares C) Corporate Id. III.nclind. if they desire to bring any matter to the notice of the Committee. Quarterly / Half yearly financial results of the Company are forwarded to the stock exchanges and published in Business Standard/and Andhra Prabha. There have been no related party transactions that may have conflict with the interest of the Company at large. The Company has also been conforming with the non mandatory requirements stipulated in clause 49 of the listing agreement to the extent applicable and suitable as determined by the Board. 23/09/2011 to 30/09/2011. Independent Directors: The independent directors appointed by the Board are qualified and possess the requisite experience to guide the Company in their capacity as independent directors. 8) Disclosures a) The related party transactions made by the Company with its Promoters. II. : : : : 30th Annual General Meeting 30th September. NSE – NCLIND INE 732CO1016 L33130AP1979SGC002521 ii) iii) iv) v) vi) 16 . the employees have free access to Audit Committee. b) During the last three years there were no strictures or penalties imposed by either the SEBI or the Stock Exchanges or any statutory authority for non-compliance of any matter related to the capital markets. 2011 10. HYDERABAD. Half yearly report is not sent to each household of shareholders as the results are published in the news papers. Audit qualifications: The Board endeavours to present unqualified financial statements. (both days inclusive) Within 30 days from the date of declaration BSE & NSE BSE. There are no audit qualifications in the Auditors’ report for the financial year ended 31 March. Financial Express. 2011. The results and other official news releases are also published in the Company’s website – www.502168. The quarterly and half yearly financial results are published in any two of the national and local dailies such as Business Standard. ii. They are: i. Remuneration committee: The Company has a duly constituted remuneration committee that reviews the terms of appointment and the remuneration packages for the executive directors. detailed in this report. c) The Company does not have a formal whistle blower policy.c) There was no special resolution passed last year through postal ballot.. Management or Relatives are disclosed in the Notes to the Accounts.

59.90 44.11 Feb .) 47.00 Close (Rs.10 Nov .00 33.607 11.40 Low (Rs.10 Sep .064 viii) Address of Registrar and Share Transfer Agents Venture Capital & Corporate Investments (P)Ltd 12-10-167 (MIG).2011 Ordinary Shares held Up to 5001 10001 20001 30001 40001 5000 10000 20000 30000 40000 50000 No.44.02.00 36.179 4.84.984 12.10 Aug .152 1.890 5.80 32.62.50 37.) 35.97.30 25.) 41. x) Distribution of Shareholding as on 31.75 28.50 33.119 6.637 15.com ix) Share transfer system: Transfer of securities in physical form is registered and the duly transferred share certificates are despatched within 30 days of receipt provided the transfer documents are in order.10.10 May . Company Secretary.922 4.262 7.78.95 31. of Shareholders 39.546 207 93 48 20 17 26 45 40.17.100000 100001 & ABOVE TOTAL 17 .04.04 0.69.03.10 Jun .20 32. of Sharesheld 1.85.28.65 28.00 No.05 27.60.37. transmissions.80 29.20 34.85 33.49.30 28.35 2.95 31.00 100.05 0.26.70 32.335 % 29.10 Jul .07 0.25 31.00 36.508 17.20 32.210 1.70 33.80 29.50 No of Shares Traded (in Lakhs) 18.86 0.00 31.11 50.11 High (Rs. folio considerations etc to Mr.31 3.90 37.07.006 6.72.28 4.658 3.30 23.vii) Stock Market Data SHARE PRICE (BSE) Month & Year Apr .Arun Kumar.07.71 3. K. Director and Mr.01 2.10 Dec .50 26.573 3.74.45 31.10 Jan .968 6.002 % 98.75 27.00 25.23 5.80 34. The Board of Directors has delegated powers to approve the transfer.11 Mar .37.23 0.554 7.Madhu.060 3. Bharath Nagar HYDERABAD 500 018 Phones: 040-23818475/76&23868023 Fax : 040-23868024 E-mail: info@vccilindia.68.11 100.40 35.10 26.00 50001 .652 2.04.12 0.T.10 Oct .52 0.872 1.

Andhra Pradesh. of Shares 2. there were no outstanding GDRs or ADRs. Himachal Pradesh .07. xiv) Plants Location: CEMENT UNIT – I : Simhapuri. Depository 1) NSDL 2) CDSL Total No. Andhra Pradesh.2011 No. ENERGY UNIT – I : Pothireddypadu. 34/A. the Company has no outstanding convertible instruments. Andhra Pradesh UNIT – II : Bhothanwali Village. Andhra Pradesh UNIT – II : Kadimpothavaram Village. ADRs or Warrants or Convertible Instruments: During the year under review.58.521228.583225.10.675 45.87% of shares of the Company were held in Dematerialized form with the following depositories.72% 86. Paonta Sahib.083 42. NandikotkurTQ.93.173025. Abids. Tungabhadra Dam.71. 03. Chabolu Village.167 Percentage 73.11.1 lakh Body Corporates Mutual Funds/FI’s NRI’s TOTAL xii) Dematerialization of Shares The shares of the Company are compulsorily traded in DEMAT form by all categories of investors. Tungabhadra Board. The Company has arrangements with National Securities Depositories Ltd (NSDL) and Central Depository Services India Ltd (CDSL) to establish electronic connectivity of shares for script-less trading. Krishna District.190 1. UNIT – II : Bhothanwali Village.518402.31 5.94 12.15% 13. Nalgonda Dist-508204. Paonta Sahib.983 3. of Shares held Promoters Individuals Body Corporates Financial Institutions/Banks Public shareholding Individuals holding nominal share capital upto Rs. As on the date of this Report.500001 E-mail : cs@nclind.50 17. UNIT – II : RBHLC Zero Mile Point. xv) Address for Investor’s Correspondence Secretarial Department NCL Industries Limited 7th Floor. Head Regulator.380 60.765 44. Mattampally Mandal.77 0.500 055.xi Shareholding Pattern As on 31. Karnataka.1 lakh Individuals holding nominal share capital in excess of Rs.13 0. Kurnool District.58. Himachal Pradesh . Nalgonda Dist-508204. Mattampally Mandal.com 18 . IDA.37.14.03.48.173025 PREFAB UNIT – I : Plot No.184 47. Amaravathi Village.87 % 1. Hospet .55.868 20. Jeedimetla Hyderabad. Hyderabad . Andhra Pradesh BOARDS UNIT – I : Simhapuri. As on 31st March 2011. Sirmour District.400 31. Raghava Ratna Towers Chirag Ali Lane. .73 0.974 3.49 100.48.00 1.335 31. Kondappalli. 52.13 Percentage xiii) Outstanding GDRs. Pothulapadu Post. Sirmour District.49. 86.

2011 19 . We further state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the management has conducted the affairs of the Company. and such statement of allegiance is being obtained on an Annual basis from all the Directors. P. RAVI Managing Director Date: August 12. as stipulated in Clause 49 of the Listing Agreement of the said Company with stock exchanges. Our examination has been limited to a review of the procedures and implementations thereof adopted by the Company for ensuring compliance with the conditions of the Corporate Governance as stipulated in the said Clause. The above Report was adopted by the Board of Directors at their meeting held on 12th August. I hereby declare that the Company has adopted a Code of Conduct for Directors and Senior Management Personnel of the company at the meeting of the Board of Directors held on 15. for the year ended on 31. we certify that the Company has complied with the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement. CERTIFICATE ON CORPORATE GOVERNANCE To the Members of NCL INDUSTRIES LIMITED We have examined the compliance of conditions of Corporate Governance by NCL Industries Limited. 2011. Ratnam Chartered Accountant Membership No.2011. A statement of allegiance to the Code of Conduct has been obtained from all the senior management personnel and functional heads.V.2005. It is neither an audit nor an expression of opinion on the financial statements of the Company.xvi) CEO/CFO Certification The CEO/CFO of the Company have issued a certificate to the Board on the matter specified under clause 49 (v) of the Listing Agreement. and based on the representations made by the Directors and the Management. DECLARATION FOR COMPLIANCE WITH CODE OF CONDUCT Pursuant to Clause 49 I (D) (ii) of the Listing Agreement. 2011. In our opinion and to the best of our information and according to the explanations given to us.03. The compliance of conditions of Corporate Governance is the responsibility of the Management. As required by the Guidance Note issued by the Institute of Chartered Accountants of India we have to state that no investor grievances were pending for a period of one month against the Company as per the records maintained by the Shareholders/ Investor’s Grievance Committee. Senior Management Personnel and the functional heads. K. : 9281 Place: Hyderabad Date: August 12.12.

your Company has entered into a Joint Venture Agreement with VST Verbundschalungstechnik Gmbh. prices are expected to stabilize or decline in the near future. OPPORTUNITIES AND THREATS The high-growth trajectory and buoyancy in sectors such as real estate. as per provisional data released by Cement Manufacturer’s Association (CMA). •Growth in the real estate market in the region. in Andhra Pradesh the fall in consumption of cement during the first quarter of the current financial year 2011-12 has been on account of political instability and little progress in construction and infrastructure activity Cement prices have witnessed an upward trend across regions over the past few years due to a constricted supply scenario and an increase in input costs. To upgrade the technology. termites. Prefab Your Company is a pioneer in the manufacture and supply of prefab shelters widely accepted by both public and private sector undertakings.2013-14 The cement production touched 14. Boards Your Company is the only manufacturer of Cement Bonded Particle Boards (CBPB) in the country A cost effective alternative to conventional cement and mortar walls and partitions. The Indian cement industry has become a forerunner in energy-efficient cement manufacturing in the world with some of the plants operating at the lowest energy consumption levels.VST Infra Limited has been formed to take up the activity. The country’s cement production is projected to grow at a compound annual growth rate (CAGR) of around 12 per cent during 2011-12 . your Company is exploring opportunities of setting up a coal based power plant that shall cater to the requirement of the cement manufacturing units. while the cement despatches quantity was registered at 14. However. one of the major components used in prefabricated structures. the sector is expected to add an additional capacity of 92. since the technology aims at cutting down construction time and achieving substantial savings on labour costs. The south zone has witnessed increased capacity in last few years due to its rich limestone reserves. However. coupled with the development of key infrastructure projects such as airport and metro rail. The Industry Structure and Developments in respect of each of the Divisions are briefly discussed below: Cement India’s cement industry has witnessed tremendous growth on the back of continuously rising demand from the housing sector. However. with the entry of a number of players in the unorganised sector.They are also resistant to fire. and construction boom.28 MT during April 2011. Your Directors foresee bright prospects for the joint venture. The industry has witnessed continuous modernization and adoption of new technologies (93% of the total capacity is based on eco friendly dry process technology). B.50 MT.MANAGEMENT DISCUSSION AND ANALYSIS REPORT MANAGEMENT DISCUSSION AND ANALYSIS REPORT The Company’s performance during the year ended 31st March. has resulted in increased demand for cement in this region. increased activity in infrastructure. with an installed capacity of about 236 million tons (MT) in 2009 – 10. as supply rises as a result of capacity expansions and players focus on captive power generation to reduce input costs. A joint venture company called NCL.3 MT by 2013. In this direction.75 MW it is a small player in this field. INDUSTRY STRUCTURE AND DEVELOPMENT Your Company has four operating Divisions with Cement being the major revenue contributor. and impact abuse. water. the DGS &D rates have become unviable. the particle boards can be installed with standard carpentry tools. Hydel Energy Your Company is at present having two small hydel power projects. 2011 and the Management’s view on future outlook are detailed below: A. and your company is concentrating more on project housing and institutional orders. infrastructure and construction during the 20 . The second largest cement producer in the world. With a total capacity of 15. Austria for erecting high rise building using the VST Technology. In-house manufacture of CBPB. is an added advantage.

07 5294. depressing prices and realizations.35 33. The projections or expectations are subject to market uncertainties and vicissitudes. SEGMENT–WISE PERFORMANCE.63 MU 6145. Emphasis of internal controls prevails across functions and processes covering the entire gamut of activities including finance. I. the growing market awareness of the advantages of the Cement Bonded Particle Boards offers a tremendous opportunity. any slowing down in the investment poses a threat of increased supplies. Revival of infrastructure and real estate projects especially in rural areas increased funds and tax related incentives offered to infrastructure sector around the country contributed to improving in demand for cement. marketing etc. the industry is likely to benefit from the enhanced demand. The Management continuously reviews the internal control systems and procedures to ensure orderly and efficient conduct of business. and management assumes no responsibilities for the variances if any in the actual scenario emerging. DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE. supply chain. This aspect has been covered in the analysis of the Segment-wise performance in the previous paragraphs. However. As on 31st March 2011. the company has 714 employees working in its factories and various offices. The industry is now passing through a stage of demandsupply adjustment. F. OUTLOOK Cement sales have revived across regions since December 2010. based on the perceptions and views of the management.323Sq. CAUTIONARY STATEMENT Some of the statements made in this Report are forward looking.Mtrs 21 . However the emergence of substitute products to the Boards Division constitutes a constant threat. sales. keeping the company on its toes to maintain its overall market share. In the Boards Division.12 1141. INCLUDING NUMBER OF PEOPLE EMPLOYED. distribution. Shareholders and investors are advised to form their own opinion. your company expects a boost in the sale of the Boards Division concurrently with the expected growth of the prefab activity of the joint venture with the VST. The Company has cordial relations with employees and staff. Further. The performance of the various segments during the period under review is as follows: (Rs.155 MT 47088. OR PRODUCT-WISE D.80 768. G. In Lakhs) Segments Percentage contribution to Total Turnover Quantity of Turnover Segment production Profit before Interest & Tax Cement Boards Prefab Energy 83. Hydro projects can be unreliable during prolonged droughts and dry seasons when rivers dry up or reduce in volume. Your Company does not perceive any serious risks and concerns apart from the normal business risks connected with the industries in which it operates.03 10. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY. If the investment in infrastructure projects keep pace with the projections. H. RISKS AND CONCERNS. E.86 10.58 48098 MT 50.12 819. Hence the performance of the Energy Division is closely linked to the vagaries of the weather.73 1775. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT. C.76 3.22. It finds itself in rather paradoxical situation of concurrent opportunity and threat.95 2.16 43.past four years resulted in further investments and creation of additional capacity in cement over the past two years. The Company has proper and adequate systems for internal controls in place.

of year of experience Remuneration Last employment held Nature of employment Percentage of equity shares held in the company as on12/08/2011 Mr. commission and . 1975 as amended and forming part of the Directors’ Report for the year ended 31st March 2011. Ravi 57 years Diploma holder in Electrical Engineering Managing Director Since 11th January 2003 over 26 years Rs. 2011 R. 1956. Anand Chairman 22 .07 Lakhs Per Annum. As per the terms approved by the shareholders 4. contribution to provident. For and on behalf of the Board Place : Hyderabad Date: August 12. read with the Companies (Particulars of Employees) Rules. taxable value of perquisites in terms of their appointment and all expenses incurred by the company in providing amenities and benefits to the employees.68 % Notes: **Remuneration as shown above includes salary. ** Managing Director of NCL Energy Ltd.79. Name: Age Qualification Designation: Date of commencement of employment No. K.Annexure ‘C’ Statement of Particulars of Employees pursuant to Section 217 (2A) of the Companies Act.

the Balance Sheet. My responsibility is to express an opinion on these financial statements based on my audit. An audit also includes assessing the accounting principles used and significant estimates made by management. I believe that the audit provides a reasonable basis for my opinion. and the related Profit and Loss Account and Cash Flow Statement for the year ended on that date annexed thereto. (b) In my opinion. evidence supporting the amounts and disclosures in the financial statements. 2. to companies. (a) The Company has maintained adequate records showing full particulars including quantitative details and situation of fixed assets. 2003 as amended by the Companies (Auditor’s Report) (Amendment) Order. 1956 I give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. the frequency of verification is reasonable.RATNAM Chartered Accountant Membership No. The rate of interest and other terms and conditions are prima facie not prejudicial to the interest of the company. Profit and Loss Account and Cash Flow Statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act 1956.AUDITORS REPORT To the Members of NCL INDUSTRIES LIMITED 1. An audit includes examining. I report that: (a) I have obtained all the information and explanations. The discrepancies noticed on physical verification of inventory as compared to book records were not material. as on March 31. proper books of account as required by law have been kept by the Company so far as it appears from my examination of those books. Those Standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. : 9281 ANNEXURE TO AUDITOR’S REPORT: [Referred to in paragraph 3 of the Auditor’s Report to the members of NCL Industries Limited on the financial statements for the year ended 31st March. As required by the Companies (Auditor’s Report) Order. (b) In my opinion. (c) On the basis of my examination of the inventory records. of the state of affairs of the Company as at 31st March 2011. firms or other parties covered under the section 301 of the Act. 2011] 1. secured or unsecured . 4. of the cash flows for the year ended on that date. In respect of inventory lying with third parties. (e) On the basis of written representations received from the directors. the procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. Place : Hyderabad Dated : 30. fixed assets disposed off by the Company during the year were not substantial and therefore do not effect the going concern assumption.1055 lakhs from NCL Alltek & Seccolor Ltd and repaid the entire amount during the year. the said financial statements together with the notes thereon and attached thereto give in the prescribed manner the information required by the Act and give a true and fair view in conformity with the accounting principles generally accepted in India: l in the case of the Balance Sheet. Further to my comments in the Annexure referred to in paragraph 3 above. 2. Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account. These financial statements are the responsibility of the Company’s management. 2011 and taken on record by the Board of Directors. (b) A substantial portion of the fixed assets of the Company has been physically verified by the management during the year and no material discrepancies between the book records and the physical inventory have been noticed. necessary for the purposes of my audit. In my opinion. (f) In my opinion and to the best of my information and according to the explanations given to me. as well as evaluating the overall financial statement presentation. (c) The Balance Sheet. 2004 (the ‘Order’) issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act. on a test basis. (d) In my opinion. In my opinion.2011 P. l in the case of the Profit and Loss Account. none of the directors is disqualified as on that date from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Act. these have substantially been confirmed by them. the frequency of verification is reasonable. I have audited the attached Balance Sheet of NCL Industries Limited. of the profit for the year ended on that date. (a) The inventory (excluding stocks with third parties) has been physically verified by the management during the year.V. I conducted the audit in accordance with the auditing standards generally accepted in India. and l in the case of the Cash Flow Statement. the Company is maintaining proper records of inventory. in my opinion. The repayments are regular. 3. as at 31st March 2011. (b) the company has taken Inter Corporate Deposits aggregating to Rs. which to the best of my knowledge and belief. 3. 23 .05. (c) In my opinion and according to the information and explanations given to us. According to the information and explanations given to me(a) the company has not granted any loans.

2011 24 . having regard to the explanation that certain items purchased are of special nature for which suitable alternative sources do not exist for obtaining comparative quotations. 12. The Company is not a dealer or trader in shares. on the basis of my examination of the books and records of the Company. 18. P. nor have I been informed of such case by the management. I have neither come across any instance of fraud on or by the Company. employees’ state insurance. 13. which have been used for long-term investment. 20. 3. where pursuant to the Rules made by the Central Government of India. debentures and other investments. incometax. relevant provisions of the Act and the rules framed there under. in my opinion. The Company has not defaulted in repayment of dues to any financial institution or bank as at the balance sheet date. 58AA. 17.V.83 279. where applicable.RATNAM Chartered Accountant Membership No.22 83. investor education and protection fund. The company has not made any public issue during the year. 14. Nature of Dues Sales Tax Act Sales Tax (APGST & VAT) Forum Amount where (Rs. 2011 and it has not incurred any cash losses in the financial year ended on that date or in the immediately preceding financial year. during the year. 4.05. and according to the information and explanations given to me. [b] The disputed statutory dues not deposited on account of matters pending before appropriate authorities are as under: Sl. however. In my opinion and according to the information and explanations given to me. for payment of interest and refund of deposits falling due. statute 1. According to the information and explanations given to me. wealth tax. 8. According to the information and explanations given to me. the Company has adequate internal audit system commensurate to the size and operations of the company. cess and other material statutory dues as applicable with the appropriate authorities. sales-tax. and vice versa. According to the information and explanations given to me. 11. and (b) the transactions made in pursuance of such contracts or arrangement has been made at prices which are reasonable having regard to the prevailing market prices at the relevant time. the provisions of clause 4 (xiv) of the Order are not applicable. carried out in accordance with the generally accepted auditing practices in India. have been complied with. the Company is generally regular in depositing the undisputed statutory dues including provident fund. 14. service tax. 9.P. 15. Further. There are no debenture holders as at the balance sheet date The Company has not granted any loans and advances on the basis of security by way of pledge of shares. I have not.In Pending Lakhs) Tribunal 25.83 2. Therefore.43 23. : 9281 Place : Hyderabad Dated : 30. 21. customs duty. for loans taken by others from banks or financial institutions during the year. During the course of my examination of the books and records of the Company. The provisions of any special statute applicable to chit fund / nidhi / mutual benefit fund/ societies are not applicable to the Company as it is not in such business.56 Area Service Tax Disputed Service CEC 44. 16. the term loans have been applied for the purposes for which they were obtained. the maintenance of cost records has been prescribed under clause (d) of sub-section (1) of Section 209 of the Act and are of the opinion that prima facie. I have neither come across nor have been informed of any continuing failure to correct major weaknesses in the aforesaid internal control procedures. I have broadly reviewed the books of account maintained by the Company in respect of products. free from charge or lien.15 ACCT (Appeals) DCCT (Appeals) Tribunal High Court CEC High Court A. In my opinion and according to the information and explanations given to me(a) the particulars of contracts or arrangement referred in section 301 of Act have been entered in the register required to be maintained under that section. no guarantee is given by the Company. Central Excise Disputed Excise Dues Nala Tax Non-Agriculture Tax on Mining 43. No order has been passed by Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any Tribunal regarding the Deposits 7. excise duty. In my opinion. debentures and other securities. The Company has accepted deposits from public and directives issued by the Reserve Bank of India and the provisions of Section 58A. 6. The Company has not made any preferential allotment of equity shares during the year. and according to the information and explanations given to me. [a] According to the information and explanations given to me and the records of the Company examined by me. fixed assets and for the sale of goods. on an overall basis. there are no funds raised on a short-term basis. 5. made a detailed examination of the records with a view to determine whether they are accurate or complete. According to the information and explanations given to me. 19. securities.52 29.4. sufficient balances are maintained in collection accounts. 10. the prescribed accounts and records have been made and maintained. Name of the No.06 Ta x The Company has no accumulated losses as at March 31. The Company has not issued any debentures during the year. there are adequate internal control procedures commensurate with the size of the Company and the nature of its business for the purchase of inventory.

086. Vice President (F&A) R.658.45 36.824.775.284.21 15.873.94 3 4 5 28.205.74 38.581.151.08 3. Anand Chairman T.443.406.107.V. Arun Kumar Company Secretary 9 47.285.908.Ratnam Chartered Accountant Membership No.905.78 MISCELLANEOUS EXPENDITURE TOTAL NOTES ON ACCOUNTS As per my report of even date 16 For and on behalf of the Board K.94 45. Ravi Managing Director P.V.392.10 2.205.899.108.89 1 2 3.58 14.74 10.G.23 28.285.47 5.717.527.01 55.14 47.54 37.38 As at 31-3-2011 As at 31-3-2010 25 .088.495.: 9281 Place : Hyderabad Dated: 30th May 2011 N.23 23.49 14.77 7.96 55. LOANS AND ADVANCES a) b) c) d) e) Inventories Sundry Debtors Cash & Bank Balances Other Current Assets Loans & Advances 57.63 7.151.48 5.46 55.317.100.01 453.44 4.99 46.01 6.37 5.15 6 59.39 324. Prasad Sr.46 55.62 LESS: CURRENT LIABILITIES & PROVISIONS a) b) Liabilities Provisions 8 7.67 4.205.034.226.48 32.493.16 17.097.300.723.07 817.896.73 10.S.60 45.73 12.998.190.894. 2011 Rs.60 600.84 9.75 1.493.24 CURRENT ASSETS.794.494.75 4.64 149.61 7. In Lakhs Schedule SOURCES OF FUNDS SHAREHOLDERS FUNDS: a) Share Capital b) Reserves and Surplus LOAN FUNDS: a) Secured Loans b) Unsecured Loans Deferred Tax TOTAL APPLICATION OF FUNDS FIXED ASSETS: a) b) c) d) Gross Block Less: Depreciation Net Block Capital Work-in-progress 7 5.65 13.36 6.BALANCE SHEET AS AT 31st MARCH.G.44 3.

Administration.914.G.80 4.89 6.19 33.59 397.670.11 For the year ended 31-3-2010 33.81 2.78 2.60 3.612.860.339.066.35 15 16 For and on behalf of the Board K.60 1.153.83 23.: 9281 Place : Hyderabad Dated: 30th May 2011 N.37 59.PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH.V.670.G. Selling and Other Expenses Interest Stock Variation Depreciation.02 1.94 9.56 21.38 5.78 5.700.00 3.15 10 36.74 32. In Lakhs Schedule INCOME: Gross Turnover Less: Inter Segment Transfers Less: Taxes and Duties Net Turnover Other Income TOTAL E XPENDITURE : Manufacturing.89 1.055.934.01 2.087.500.019.237.196.471.113.075.494.33 2.Ratnam Chartered Accountant Membership No.170.79 10.17) 2. Prasad Sr.29 1.187. Vice President (F&A) 26 . Obsolescence & Amortisation TOTAL Profit before Prior Year Adjustments Net Prior Year Adjustments Profit Before Tax Income Tax .049.850. Arun Kumar Company Secretary P.114.79 509.Earlier Years Income Tax .50 10.271.00 397.78 42.033.793.Current Year Less: MAT Credit Entitlement Account Profit After Tax Deferred Tax Net Profit Profit brought forward from previous year PROFIT AVAILABLE FOR APPROPRIATIONS APPROPRIATIONS: Transfer to General Reserve Excess Provision of Dividend Tax (FY 2009-10) Provision for Dividend Provision for Dividend Tax BALANCE CARRIED TO BALANCE SHEET Earnings Per Share (In Rs.33 2.V.) Basic Diluted NOTES ON ACCOUNTS As per my report of even date For the year ended 31-3-2011 56.528. Anand Chairman T.70 6.82 1.70 36.05 11 12 13 14 27.28 (392.66 2. Ravi Managing Director R.72 110.494.77 199.818.24 (425.69 2.150.28 23.41 415.78 3.242.513.35) 524. 2011 Rs.50 2.153.41 101.00 (1.228.70 17.60 3.16 3.S.59 2.06 85.69 349.341.38 1.39 3.90) 3.78 2.

87) (940.08 7.81 (88.72) (1.23 9.19 42.CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH.791.039.778.62 2.382.00) 453.V.96 (407.82) (238.081.79 (5.03.387.24 1.23 AUDITORS CERTIFICATE I have verified the above Cash Flow Statement of NCL Industries Ltd from the Audited Annual Financial Statements for the Year Ending 31st March 2011 and 31st March 2010 and found the same in accordance therewith and also with the requirements of caluse 32 of the Listing Agreements with Stock Exchanges.94 (346.92 378.46 502.90 3. Vice President (F&A) R.196.633.58) 1.205.03.021.27 14.2011 CASH FLOW FROM OPERATIONS Net Profit / (Loss) before Tax & Extra .77) (1.69 (1.: 9281 Place : Hyderabad Dated: 30th May 2011 N.91 (1.34) 1.82) (129.162.00 1. In Lakhs 31.82 5.185.35) 44.396.56 110. Anand Chairman T.033.10 3.59) 34.925.S.48 4.046.78) 1. Ravi Managing Director P.87 (15.78 1.33 (10.09) (10.90 1.06 (4.283.262.81 453.56) 1.Ordinary Items Adjustments for: Depreciation.534.G.98) 30.063. As per my report of even date For and on behalf of the Board K.269.99) 124.86) (373.18) (15.20 3.40) 134.64) (2.735.23 324. Obsolescence & Amortisation Net Prior Year Adjustments Profit / (Loss) on Sale of Fixed Assets Operating Profit before Working Capital Changes Adjustments for changes in: Receivables Inventories Other Current Assets Current Liabilities Bank Borrowings Net Cash Flow from Operations (A) Cash Flow from Investing Activities : Sale of Net Fixed Assets Purchase of Fixed Assets & WIP Miscellaneous Expenditure Net Cash Flow from Investing Activities (B) Cash Flow from Financing Activities : Sales Tax Deferrment Loan Proceeds from Issue of Share Capital Subscription for Share Warrants Capital Investment Subsidy Term Loans Deposits / Unsecured Loans Hire Purchase Loans Dividend & Tax Income Tax Interest Income Net Cash Flow from Financing Activities (C) Net Increase in Cash & Cash Equivalents (A+B+C) Opening Cash & Cash Equivalents Closing Cash & Cash Equivalents 2.114.2010 2.G.292.55 (1. Arun Kumar Company Secretary 27 .10 (18.087.11) 5.V.19 (995.01 49. Prasad Sr.92 2.791.179.Ratnam Chartered Accountant Membership No.72) (858.940.71 3.40) (407.38) (841.77) 31. 2011 Rs.

46 3.16 1.106.325.91 0.each ISSUED AND SUBSCRIBED 3.49.322.63 25.00 3.65 20.00.85 7.90 32.65 4.26 2.14 0.000 (Previous Year 6.96 2.00 0.153.493.96 391.00 2.54 3.73 3.00 2. In Lakhs As at 31-3-2010 6.4 UNSECURED LOANS: Sales Tax Deferrment Loan Deposits from Public & Shareholders Deposits / Loans from Stockists and Others TOTAL SCHEDULE .300.494.618.00.500.81 6.495.10/.36 994.200.612.00 0.3 SECURED LOANS: Rupee Term Loans Working Capital Borrowings (Cash Credits) Lease / Hire Purchase Loans TOTAL SCHEDULE .21 6.335 (Previous Year 3.00 6.285.Depreciation NET DEFERRED TAX Rs.25 7.96 28 .52 955.I SHARE CAPITAL : AUTHORISED 6.91 210.45 870.95 2.604.00 240.16 12.00 6.73 3.405.60 10.10/.335) Equity Shares of Rs.37.493.800.724.65 576.285.106.896.20.37.775.73 3.700.00 1.086.91 30.335 (Previous Year 3.00 1.094.04 6.each PAID UP CAPITAL 3.86 28.493.10/.49.493.14 8.18 4.591.each TOTAL SCHEDULE .20.37.075.37.034.493.493.00 1.14 2.187.74 240.49.46 0.714.73 240.91 2.106.74 0.2 RESERVES AND SURPLUS CAPITAL RESERVE : As per last Balance Sheet Add: Central Subsidy Received SHARE PREMIUM As per last Balance Sheet Add: Received During the Year GENERAL RESERVE : As per last Balance Sheet Add: Transfer from Profit and Loss Account Profit and Loss Account Balance TOTAL SCHEDULE .800.000) Equity Shares of Rs.49.00 1.00 3.775.73 3.5 DEFERRED TAX ASSET : Others LIABILITY : Arising on account of timing difference .335) Equity Shares of Rs.SCHEDULES As at 31-3-2011 SCHEDULE .200.73 3.

161.824.47 2.75 1.72 10.21 39.738.89 11.083.88 59.54 9.78 1.09 3.15 5.69 181.04.45 15.974.723.04.89 39.107.88 PREVIOUS YEAR 48.96 203.252.2010 1.99 10.204.03.140.55 89.89 1.99 6.22 36.92 3.65 46.88 149.90 1.053.00 959.42 59.45 7.99 8.64 14.60 21.979.205.32 79.72 947.60 45.096.727.31 432.46 1.54 2.341.2011 01.69 2.27 38.921.85 0.607.70 533.83 4.18 58.097.90 5.51 79.64 149.78 4.231.03.09 139.94 14.386.120.74 1.16 1.472.24 47.873.18 1.998.738.78 6.2011 31.84 15. In Lakhs Net Block As at As at As at 31.88 1.204.58 10.64 15.136.046.391.097.14 47.108.923.92 2.41 45.2011 31.19 48.32 53.496.108.998.62 218.99 Transfer Depreciation Rs.06 45.03 0.SCHEDULE .2010 Year ended 344.06 29 .93 9.97 6.13 Description of the Asset As at 01.108.97 6.174.478.386.20 6.54 0.71 879.90 FREE HOLD LAND BUILDINGS PLANT AND MACHINERY 86.100.03.134.41 2.100.2010 1.49 7.03.391.205.64 49.66 41.94 519.94 10.82 969.998.13 FURNITURES AND FIXTURES OFFICE APPLIANCES & EQUIPMENT VEHICLES 57.14 Capital Work in Progress TOTAL 58.87 964.87 123.6 SCHEDULES FIXED ASSETS Gross Block As at As at For the Additions Transfer 31.

Claims Receivables 7.09 5.11 5.30 24.49 1.43 4.56 1.894.899.963.01 35. LOANS & ADVANCES CURRENT ASSETS : Inventories a) b) c) d) e) Stores & Spares Raw Materials Other Materials Work-in-process Finished Goods SUB TOTAL Sundry Debtors (Unsecured & Considered good) a) Debts outstanding for a period exceeding six months b) Other Debts SUB TOTAL Cash and Bank Balances a) Cash on Hand b) Bank Balances (with Scheduled Banks) i) ii) iii) iv) Current Account No Lien Current Account Branch Accounts Deposits With Banks 109. MAT Credit Entitlement Account 3.04 417.23 23.01 479.235.190.91 4.166.95 0.16 9.18 SUB TOTAL Accrued Interest LOANS AND ADVANCES : (Unsecured .49 14.55 705.15 30 .10 4.443. Deposit with Electricity Board and Others 5.7 CURRENT ASSETS.47 1.26 317.726.61 403.83 460.23 28. Prepaid Expenses 6.16 928.623.40 654.06 5.SCHEDULES Rs.797.39 157.Considered Good) 1.82 205.09 4.75 As at 31-3-2010 168.59 347.406.00 2.62 1.09 4.63 9.05 1.518.10 0.03 5.52 453. Advances for Purchase of Goods and Services 2. Prepaid Taxes & Duties 4.16 17.71 35.226.44 810. Sales Tax paid Under protest SUB TOTAL TOTAL 324.741.30 22.54 784.37 241.67 7.71 3.02 167.285.48 632.05 7.00 1. In Lakhs As at 31-3-2011 SCHEDULE .85 397.69 409.28 5.658.410.

034.01 37.317.78 (1.77) (2.25 134.011.06 139.62 3.78 7.241.12 199.77 TOTAL 7.46 47.26 408.SCHEDULES Rs.717.60 As at 31-3-2010 SCHEDULE .62 (12.9 MISCELLANEOUS EXPENDITURE Mining and Prospecting TOTAL 47.85) 159. In Lakhs As at 31-3-2011 SCHEDULE .191.75 600.87 287.Income TOTAL 34.47) 344.8 CURRENT LIABILITIES & PROVISIONS A: CURRENT LIABILITIES : Creditors for : Goods and Services Capital Goods Expenses Interest accrued but not due Advances from Stockists and Others Unpaid Dividend Statutory Liabilities 2.01 6.74 3.70 44.11 273.299.69 609.10 OTHER INCOME Interest Received Net Profit / (Loss) on Sale of Assets Gain / (Loss) on Exchange Fluctuation Scrap Sales & Misc.28 31 .088.46 37.07 152.01 SCHEDULE .06 566.84 191.65 829.31 2.38 520.07 B: PROVISIONS : Gratuity Dividend & Dividend Tax 208.61 2.109.16 62.08 817.10 5.38 3.49 415.55 179.06 49.905.

16 11.60 594.25 0.35 88.43 66.12 78.29 For the Year ended 31-3-2010 15.S.577.09 35.74 2.64 2. & E.852.303.92 18.350.87 1.60 47.052.566.42 62.59 69.20 49.65 23.229.02 70.33 32 .94 107. In Lakhs For the Year ended 31-3-2011 SCHEDULE .21 10.30 118.10 4.51 16.73 10.94 6.890.97 112.21 1.15 0.69 121.53 743.22 3.017.20 450.49 835.528.35 44.98 207.Wages and other Employee Benefits b) Contribution to P.20 10.65 0.87 1.10 4.20 12.SCHEDULES Rs.202.78 5.I.75 79.73 3.92 61. Rents. SUB TOTAL C: ADMINISTRATION EXPENSES a) Directors’ Remuneration b) Travelling & Conveyance c) Directors’ Travelling & Conveyance d) Directors’ Sitting fees e) Printing & Stationery f) Postage and Telephones g) Legal & Professional Charges h) Retainer Charges i) Insurance j) Auditors’ Remuneration i) Statutory Audit Fees ii) Cost Audit Fee iii) Tax Audit Fees iv) Certification & Reimbursement of Expenses k) Internal Auditors’ Remuneration l) Staff Recruitment and Training m) Licences.792.52 64.11 11.305.25 0.77 1.13 74.058.65 20.84 26.15 863.38 2.09 1.73 131.91 1.34 10.02 765.99 49.494.11 62.91 6.515.11 7.96 74.25 0.65 20.85 236.06 14.50 55.52 5.38 89.08 11.63 16.81 1.40 3.A MANUFACTURING EXPENSES Consumption of Raw Materials Consumption of Stores and Spares Consumption of Trading Goods SUB TOTAL Less: Consumption of Inter Segment Transfer Materials Net Consumption of Materials Power Fuel Packing Materials & Expenses Direct Manufacturing Expenses: a) Labour Charges b) Erection & Fabrication Charges c) Others Repairs and Maintenance SUB TOTAL B: STAFF COSTS a) Salaries.92 230. Rates & Taxes n) Bank Charges o) Vehicle Maintenance p) Office Maintenance q) Donations r) Bad Debts written off s) Security Services t) Miscellaneous Expenses SUB TOTAL 143.81 6.604.65 0.330.587.04 1.F.63 59.78 5.700.019.14 989.39 1.70 9.11 1.

055.519.15 5.65 460.83 4. In Lakhs For the Year ended 31-3-2011 D SELLING & DISTRIBUTION EXPENSES a) b) c) Advertisement & Publicity Commission & Selling Expenses Transport & Handling TOTAL SCHEDULE .69 33 .59 34.083.28 34.097.19 945.59 4.28 479.13 48. Term Loans 2.56 1.976.65 (392.67 1.SCHEDULES Rs.81 1.06 2.14 DEPRECIATION.898.09 1.89 896.55 (425.78 535. Provision for Impairment 3.49 1.645.01 145.299.66 For the Year ended 31-3-2010 SUB TOTAL 2.6 2.90) 85.26 6.049.09 1.27 3.997.28 145.10 2.12 INTEREST: 1.814.56 5.39 321.68 571. Amortisation TOTAL SCHEDULE .59 110.37 5. Deprecaition as per Schedule . Working Capital 3.997.518.087.605.01 2.55 4.15 NET PRIOR PERIOD INCOME / (EXPENSES) INCOME : (PROVISIONS NO LONGER REQUIRED) Taxes & Duties Power Others TOTAL EXPENSES: Others TOTAL NET PRIOR YEAR ADJUSTMENTS 138.963.80 141. Deposits & Others TOTAL SCHEDULE .77 11.52 512.25 6.56 1.15 27.518.17) 3.24 1.25 42. OBSOLOSCENCE & AMORTISATION: 1.620.57 10.033.56 32.48 479.18 17.423.114.513.30 2.13 STOCK VARIATION Opening Stock i) Work in progress ii) Finished Goods Closing Stock i) Work in progress ii) Finished Goods DECREASE / (INCREASE) SCHEDULE .19 2.21 2.

06 lakhs (NIL) 2.No A Facility Term Loans from Banks and Financial Institutions Hire Purchase Loans Nature of Security pari passu first charge on fixed assets of the Company & second charge on current assets of the Company (both present & future) except receivables of Energy Division.69 lakhs) for which appeals have been filed by the company. 63. Secured Loans: (1) Term Loans: S. Counter-Guarantees given to Financial Institutions / Banks – Rs.245. (iii) Work-in-Process at cost of material plus labour and other overheads and (iv) Finished Goods at cost or net realisable value whichever is lower.44. B 1. 1. ACCOUNTING POLICIES AND NOTES ON ACCOUNTS SIGNIFICANT ACCOUNTING POLICIES Accounting Concepts Accounts are based on historical cost convention and prepared in accordance with the Generally Accepted Accounting Principles and applicable Accounting Standards in India.56 lakhs) Disputed Service Tax Liability Rs.43. NOTES ON ACCOUNTS: Contingent Liabilities not provided for i. 392.57 lakhs (Rs.03. iii. ii. A. Foreign Currency Transactions Loss or gain due to fluctuations in foreign currencies is recognized as required in AS-11.1994 issued by Ministry of Power (Department of Power).51 lakhs (Rs. except assets of Energy Division. Inventories: Inventory of (i) Raw materials and other materials are valued at weighted average cost (ii) stores & spares at cost.58 lakhs) for which appeals have been filed by the company. Depreciation on fixed assets of Energy Division is provided on straight line method at the rates and in the manner prescribed as per notification no. Fixed Assets and Depreciation Fixed Assets are stated at cost of acquisition and putting to working condition. 5. Retirement Benefits: Employee retirement benefits are provided on actuarial valuation as required in AS-15. Hypothecation of respective assets financed B 34 . 1956. v. 3. Depreciation on Buildings and Plant & Machinery is provided on Straight Line Method and on other assets on Written Down Value method as per the Companies Act. iv. 4. 6. Taxes on Income Deferred tax is provided as required in AS-22.NOTES TO ACCOUNTS 16.08 lakhs) Disputed Sales tax liability Rs. Central Excise liability Rs.56 lakhs (Rs. 345. 43. Disputed Nala Tax regarding Non Agricultural Tax on Mining areas Rs. 388.41 lakhs (Rs. 2. 48.151 dated 29.

07 56. Boards.2011 1 Segment Revenue/Income (Gross) a) b) c) d) Cement Division Boards Division Prefab Division Energy Division TOTAL Less : Inter Segment Transfers Net Sales/Income from Operations 2 Segment Results: PROFIT BEFORE INTEREST & TAX a) b) Cement Division Boards Division 5.00 678.528. No.29 349.2010 Units Rs. In lakhs No.35 0.00 349.646. Segments are identified and reported as required in AS -17: A.70 0.019. of shares used in computing basic earnings per share Basic Earnings per Share (a/b) Effect of potential equity shares for preferential allotment Weighted average no.145.150.170.03.294. 3. 2010 1. Cement. PRIMARY DISCLOSURES: Year Ended 31.04 35 .72 33.99 3. 2011 2.70 0.85 47. 03.775.60 Rs.38 349. Earnings per share: Basic Earning per share has been computed by dividing net profit after tax by the weighted average number of shares outstanding for the period.03.56 26.341. The above term loans and working capital are guaranteed by promoter directors in their personal capacity.50 10.38 4.78 28. of Shares in Lakhs Rs Rs Year Ended 31.37 6.771.73 1.141. Particulars a b c d e f g 4.12 1.292.088.NOTES TO ACCOUNTS 2) 1. In Lakhs Year Ended 31.78 344.068. IDBI Bank Ltd & Axis Bank Ltd Nature of Security S.37 3.35 3. Prefab and Energy Divisions.00 Year Ended 31 .39 4.914. of Shares in Lakhs No.58 6. Working Capital: Working Capital From SBH.03.No Pari passu first charge on current assets of the Company excluding receivables of Energy Division (both present & future) and second charge on fixed assets of the company .37 6. The reconciliation between basic and diluted earnings per share is as under. Net Profit after Tax Weighted average no.60 2.385. of Shares in Lakhs Rs.94 46.68 906. Diluted earning per share has been computed using the weighted average number of shares and dilutive potential equity shares outstanding during the period.80 768.130.38 5. of shares used in computing diluted Earnings per Share Diluted earnings per share Effect of potential equity shares for preferential allotment (c-f) Segment Reporting: The company operates in four segments namely.

82 5.916.12 819.07 1. b) Segment revenue and expenses: Segment revenue and expenses are taken directly as attributable to the segment.158.NOTES TO ACCOUNTS c) d) Prefab Division Energy Division TOTAL Less: i) Interest ii) Other un-allocable expenses net off un-allocable income TOTAL PROFIT BEFORE TAX 3 Capital Employed (Segment Assets – Segment Liabilities) a) b) c) d) d) Cement Division Boards Division Prefab Division Energy Division Unallocated TOTAL B. borrowings.339.513.03 4.13 4. interest expense.553.860. cash and bank balances.136.055. It does not include interest income on inter-corporate deposits. profit on sale of investments.20 1.812. the accounting policies in relation to segment accounting are as under: a) Segment assets and liabilities: Segment assets include all operating assets used by the segment and consist principally of fixed assets.79 (201.69 2.54 4.907.158.181.28 2.41 Segment accounting policies: In addition to the significant accounting policies applicable to the business as set out in Schedule 16A – Notes to Accounts.084.17) 604. reserves and surplus.10 41.875.58 3.355.56 55. provision for contingencies and income tax (both current and deferred). inventories. sundry debtors and loans & advances less current liabilities.73 55.63 1.01 4. inter corporate deposits.76 6.27 4. SECONDARY DISCLOSURES: Revenue from external customers by location of customers Carrying amount of segment assets by location of assets Costs to acquire tangible and intangible fixed assets by location of assets.852.24 2.207.114. Segment assets and liabilities do not include investments.43 33. 36 . provision for contingencies and income tax. Other disclosures: Basis of pricing Inter segment transfers and any change therein Types of products and services in each business segments Inter division transfers of goods are at market price (1) (2) (3) (4) OPC/PPC/53 S Cement Plain and Laminated Cement Bonded Particle Boards Prefab Shelters Generation of Hydel power All manufacturing units are located in India The main customer base of company’s products are in India only 42.

78 0.78 6.04 CALCULATION OF COMMISSION PAYABLE TO MANAGING DIRECTOR/NON-EXECUTIVE DIRECTORS Rs.54 101.42 PREVIOUS YEAR 1.00 0.30 19.53 7.116.77 2.535.43 8.00 500.30 3. K.24 Total 79.50 12. NCL Alltek & Seccolor Limited 2. S.15 3774. In Lakhs DESCRIPTION CURRENT YEAR PREVIOUS YEAR i) ii) iii) iv) v) vi) Sale of Finished Goods Purchases / Services ICD Received ICD Repaid Interest Expenses Reimbursement 37.00 2. Enterprises controlled by key management personnel/relatives of key management Personnel 1.80 1.00 Others 1.S. Gautam Managing Director Jt.13 36.083.56 3.968. 8.13 37 .00 5.39 2.87 4.10 3.36 0. Ravi.In Lakhs 6.083.00 14.083.39 1055.89 4. NCL Wintech India Limited.96 lakhs ii.07 lakhs Rs.097.96 3.32 250. Ravi Mr.68 7.65 1.54 2.77 49.452. Kakatiya Industries (P) Limited 4.00 0. Managing Director Related Party Transactions for the year ended 31st March 2011.30 6.80 6.50 143.71 179. b) Transactions of Enterprises controlled by Key Management Personnel / Relatives of Key management Personnel Rs.30 3. Raju Mr.10 16. NCL Homes Limited 3.71 3.77 3.80 Commission 44.78 2.147.80 11.07 55.90 Rs. Key Management personnel Mr. Key Management Personnel i) Remuneration to key management personnel Remuneration to relatives of key management personnel Rs.00 70.47 2.90 7.00 1055.364.NOTES TO ACCOUNTS 5. K.20 17.67 12.67 2.62 3. 79.12 3.30 1.25 19. a) Related Party Disclosures List of Related Parties & Relationships i. Raju Mr. A)MANAGERIAL REMUNERATION: Particulars B) Mr.18 1.56 0.65 11.71 44. P.53 36.73 2.40 2. K.40 29.066.25% CURRENT YEAR 2341.19 212.170.77 10.65 14.54 0. Managing Director Executive Director Executive Director 2010-11 2009-10 2010-11 2009-10 2010-11 2009-10 2010-11 2009-10 Salary 24.00 HRA 9.N. In Lakhs Net Profit as per P & L A/c ADD: Depreciation under section 350 Provision for Income Tax Deferred Tax Directors Remuneration Sitting fee Loss on Assets sold / discarded Impairment Loss LESS: Depreciation under section 350 Profit on sale of Assets Commission @ 1.00 0.81 1.50% Commission @ 0. Nagarjuna Cerachem (P) Limited 5.18 26.00 509.82 107.097.

000 (2) Paonta sahib M. 12.11) 8.2010 Current Service cost Interest Cost Actuarial Loss /(Gain) Past Service Cost Settlements Gratuity 26.42 lakhs (Rs.13 lakhs) being 0. 29.00 12.40 (5.66 16. Small and Medium Enterprises outstanding for more than 45 days as at 31st March 2011 is Rs. 203.69 Lakhs (Rs. 397. i) CAPACITY AND PRODUCTION: Rs. In Lakhs PRODUCTS UNITS INSTALLED CAPACITY PRODUCTION (QTY) 2010-2011 2009-2010 2010-2011 2009-2010 a) Cement (1) Simhapuri M.000* (2) Kondapalli M.46) 0.2011 186.47) lakhs on plant and machinery of Boards Division pursuant to order of CESTAT dated March 24. 80.T 50.47 (Rs.T 9.40 (5. In Lakhs Particulars Current Service cost Interest Cost Net Actuarial Loss/(Gain) Past Service Cost Total Cost b) Particulars Present value of obligations as at 01.58 (8. Cumulative total amount of Rs. 55.46) 0.T 9.827 22.00 (14.74. Employee Retirement benefit plans as per actuarial valuation: a) Expense recognized in profit and loss account for the year ended 31.2011 and Changes in present value obligations Present value of obligations as at 31.11) 8.496 21.000 MTs and for Line . of days in operation 4.47 38 . 570.NOTES TO ACCOUNTS An amount of Rs.52 Gratuity 166.T 30.08 Lakhs) are deducted from Power and Taxes & Duties respectively.000 8.6.Mtr ----d) Energy MU 53 53 * Line 1 . 8. Creditors etc were not received.59 lakhs) on the profit for the current year.000 MTs and for Line . Nil (Rs.04 12. Additional Information required under Part II of Schedule VI .97.000 3.30.602 43. Refund of Adhoc Custom Duty of Rs.25% of the profits earned by the Company calculated in the above manner is provided towards commission payable to non executive directors of the Company. of Andhra Pradesh) receivable for the year amounting to Rs.3. no provision is made for MAT amounting to Rs.2.81. 258.781 40. Based on the information available with the Company.01 (18. Amounts of incentives from Industries Department (Govt. 10.92 Lakhs (Rs.04 12.39 13.57.000 c) Prefab Sq.43 Lakhs (Rs.25.000 30. Nil).411. 7. As per Guidance note of The Institute of Chartered Accountants of India MAT for the year is to be recognised on payment. amount of dues to Micro. 9.70 Lakhs) receivable is included in claims receivable.58 (8.000 50.04.01 38. 7.2 Proportionate to the no.15 1.328 15. 11.17 lakhs (Rs.15 1.82) Leave Encashment 16.03.2 Proportionate to the no. of days in operation ** Line 1 .323 50.03.47.753 5. 29.08.13.000** b) Cement Boards (1) Simhapuri M.314 3. Confirmations of balances from all Debtors.402 26.62 Lakhs) & Rs. 09 Leave Encashment 24.2011 Rs.63 2. 783.90.36) Liability recognized in the Balance Sheet as at 31.60 26.710 38.30 22.03. 2005 is yet to be received.

13 1. In Lakhs 2009-2010 Qty 6.906 1.000 20.Ts) 622. Energy (MU) f.27 33.68 906. Prefab structures (Sq Mtr) e.900 Value 1.732 MTs p.33 4.528 1. Cement {Incl 27.33 16.38 — — — 0 0 0 1.311 0 1.87.153.55 Rs.77.500 41.16.07 27.963.09 211.992 48.775.48.781 40.483 42.42 146.73 1. Clinker c.NOTES TO ACCOUNTS ii) TURNOVER AND STOCKS: TURN OVER PRODUCTS UNITS 2010-2011 QTY VALUE (M.45 17.14 “ “ “ 33.152 117.30.05 22.Ton “ “ “ “ “ “ 11.42 464.772 4.340. Trading Turnover TOTAL 21.03.50 123.86 5.13 43. In Lakhs STOCKS As on 31.2011 QTY VALUE (M.49 2.228 24.89 32.153.71 721.06 — — — 25.02 282.357.999.311 3.55 475.167 31.36 25.Ts) 5.616.56.021 M.80.264 1. SPARE PARTS AND CONSUMABLES a) RAW MATERIALS CONSUMED Unit CEMENT DIVISION Limestone Al.2010 QTY VALUE (M.63 — 1.Mtr M.056 23.19 6.539.61 2009-2010 QTY VALUE (M.767.828.04.14 43.66 325.914.54 613.49 88.11.323 50.068.90 a.94 Rs.120 170.Ts) 10.85 168.379 96.30 309.150.630 1.695 As on 31.70 0 1.031 1.60.141.34 59.375.59 2010-2011 Qty M.138 812.Ton 1.77.840 4.080. STORES.52 9.Ts (3344 MTs) for self consumption) d.Laterite Gypsum Iron Ore / Powder Fly Ash Clinker Purchased/Transfer from Mattapally Plant. Cement Transfer to Kondapalli Plant.577.06 12.12 42.y) for self consumption} b.03.65 211.585 1.127.Ts) 5.09 iii) RAW MATERIALS.478 38.628.72 30.19 77.891 21.23 8.47 — 2.525. Cement Boards (incl 4434 M.161.403 38.26 408.239 2.50 38.017.78 15.940 8.07 56.518. BOARDS DIVISION Cement Wood Chemicals(Boards) Paper Chemicals (Lam) PREFAB DIVISION Cement Boards Steel Others TOTAL Sq.01 123.88 1.96 4.06 0 — 1.89 39 .034 13.469.Ts (27.470 Value 837.

90 % 6.84 2010-2011 QTY VALUE 467.20 25. In Lakhs 2009-10 Nil 11.88 0.95 Nil 86. SIGNATURES TO SCHEDULES 1 TO 16 For and on behalf of the Board K.99 99.73 0.: 9281 Place : Hyderabad Dated: 30th May 2011 N.87 9. Vice President (F&A) 40 .452. In Lakhs 2009-2010 2.18 93.15 96.79 12.577.48 % 0.00 101.G.81 Rs.V. Prasad Sr.V.98 iii) Capital Goods iv) Trading Goods TOTAL c) VALUE OF IMPORTED AND INDIGENOUS RAW MATERAILS.14 1. Previous year numbers are regrouped wherever necessary to be comparable to those of current year.01 100 Rs. Anand Chairman T. 2010-2011 2009-2010 Value 80. 15.452.225.46 563.41 123.22 Nil _ — — Rs.61 2010 .2011 3.81 102. COMPONENTS ETC. Ravi Managing Director R. STORES & SPARE PARTS CONSUMED. In Lakhs Imported Indigenous TOTAL iv) EARNINGS IN FOREIGN EXCHANGE: PRODUCT Export of goods FOB basis 1. Arun Kumar Company Secretary As per my report of even date attached P.65 13. Cement Boards (MT) 2. SPARES. Numbers shown in parenthesis are of previous year.81 — 20.92 989.017.70 35.NOTES TO ACCOUNTS b) i) ii) IMPORTS AT CIF VALUE 2010-2011 Raw Materials Components & Spares Nil _ — — Nil 102.90 3.Ratnam Chartered Accountant Membership No.G.577.S.017.96 Nil 9.28 Nil 24.87 15.82 100 Value 9.68 0. Rs.305.73 979.14 9. Prefabricated Structures TOTAL v) EXPENDITURE IN FOREIGN CURRENCY: i) ii) iii) iv) v) Traveling Expenses Trading Goods Import of Capital Goods Import of Stores and Spares Others TOTAL 14.65 2009-2010 QTY 732 VALUE 102.70 1. In Lakhs UNITS RAW MATERIALS 2010-2011 2009 – 2010 Value % 100 100 Value 15.14 % 100 100 STORES.

Expenditure Accumulated Losses Profit After Tax Dividend Rate (%) : : : : : NIL 4746 NIL 234129 15% : : 349373 2889663 Reserves & Surplus Unsecured Loans Deferred Tax : : : 1203421 749545 328546 : 5520548 Total Assets : 5520548 : : : : 01 NIL NIL NIL Capital raised during the year (Rs. Expenditure: IV Turnover (Net) & Other Income Profit Before Tax Earnings per Share (in Rs.) V.70 Cement 25232901 Cement Bonded Particle Board 6808000 Prefab House 94060001 Distribution and Generation of Hydel Power Not Applicable Investments Misc. in Thousands) Total Liabilities Sources of Funds Paid. : : : : 2521 31.Up Capital Secured Loans Apppication of funds Net Fixed Assets Net Current Assets Deferred Rev. (CIN) Balance Sheet II. Public Issue Bonus Issue III. Product Description Item Code No 4. Product Description Item Code : : : : : : : : : : : : : : 4587324 928478 NIL 3661211 286079 6. 1. in Thousands) Generic Name of Three Principal Products/Services of Company 41 .03. in Thousands) Performance of Company (Rs. Product Description Item Code No 3.BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE I. Product Description Item Code No 2. Registration Details Registration No.2011 NIL NIL State Code Right Issue Private Placement Warrrants issue Position of Mobilization and Deployment of funds (Rs.

Sign up to vote on this title
UsefulNot useful