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along with annexures

3-6

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49-61

62-63

64-65

66-67

68-107

108-110

111-112

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PRINCIPALEXECUTIVES

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Ms. KavithaGotru, ICASChief Vigilance Ofcer(W.e.f. 21.12.2016)

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Shri D.P. Srivastava,ISSChief Vigilance Ofcer(W.e.f.5.7.2013 to 21.12.2016)

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SENIOR EXECUTIVES

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Shri S.S.ShekhawatGeneral Manager

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Shri Dinesh Kumar AroraDy. General Manager(Mining)

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Shri R.Senthil KumarDy. General Manager(T)

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Shri Rajendra Singh RathoreAsst. General Manager (Mining)

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COMPANY SECRETARYdEiuh lfpo

Shri Siddharth KumarJh fl)kFkZ dqekj

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Mangu Singh Rajvi MargPaota “B'' Road, Jodhpur(Raj.)

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AUDITORys[kkijh{kd

M/s. Mertia Daga & AssociatesChartered AccountantsJodhpur

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BANKERSCkSadlZ

State Bank of India

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LVsV cSad vkWQ chdkusj ,.M t;iqjOriental Bank of Commerce

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Dear Shareholders,

On behalf of the Company FCI Aravali Gypsum and Minerals India Limited, Board of Directors, I am happy to welcome you to the 14th Annual General Meeting of your company. Thank you for your presence here today, and for your continued support and goodwill that is critical to the success of our company.

Our company's performance in the last fiscal illustrates the challenges facing the industry. There is a great impact of mining policies over the performance of the industry. However during this crucial period our company has tried is best to sustain its business. We hope during the next year we will regain our old position.

Now I take this opportunity to share my views on robust financial performance and future outlook of the company.

Financial & Physical Performance :

During the year under review, the company produced 581981 MT of gypsum as against 634097 MT of gypsum of the last year. Out of that the company sold 563926 MT of gypsum as against 729721 MT of last year. The sales turnover and profit has been Rs. 51.33 crore and Rs.55.19 crores as against Rs. 63.80 crore and Rs. 51.83 crore

CHAIRMAN SPEECH

3


respectively of last year. Due to lower offtake by UPBSN and HLRDC and lower off take from Mohangarh mines by cement industries, the sales turnover have come down as compared to previous year.

The Company is regularly interacting with our customers and employees encouraging them to share their suggestions and views that can promote the betterment of the Company. The company is also trying to expand its business in Bihar which if materialized, will increase the sales turnover.

Further keeping the view of DPE guidelines and consistence track record of payment of dividend, we would like to inform you that Board of Directors of your company has recommended a dividend of Rs. 11.87 crore @162.00% on paid up capital of the company. With the payment of this dividend, the Company would be paying Rs. 63.93 crores (i.e.872.26% of paid up capital of the Company) to the Government of India within a short span of 14 years.

Diversification and expansion :

Being a PSU under the administrative control of DOF, your company has focussed on two prongs strategies i.e. mining of minerals and production of SSP. For achieving the objectives and goal, the company had applied for mining lease of few gypsum mines, out of those Letter of Intent (LOI) of 7 mines have been sanctioned. Under MMRD Amendment Act 2015, Grant of Mineral concession is supposed to be allowed through auction route or through reservation for PSUs which obstruct the company to obtain fresh leases.

For this company is actively pursuing with the State Government of Rajasthan for mining leases of SMS Grade lime stone and Dolomite and with kind support of DOF we would be able to start mining of SMS grade lime stone, Dolomite and Feldspar in near future. The company also applied to MOEF, GOI for enhancing the capacity of 2 gypsum mines i.e. Padampura and Dhandra. The consent to operate for padampura mine has already been obtained during 2015-16 and consent to operate for Dhandra mines has been obtained on 10.11.2016.

The company got approval of Central Government for

establishing the SSP plant in Chittorgarh of 800 tpd at an

investment of Rs. 81.62 crore. For this, the company has

acquired 11.01 Ha of land in Pandauli village on Kapasan

Highway at Chittorgarh and obtained the permission for use

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4


of water from Gosunda Dam. Company also obtained the

environment clearance and consent to establish from

pollution control board and awarded the task of project

management consultant to M/s PDIL. Topographical Survey

and Geo-Technical Survey jobs were completed. The plant

will be commissioned by October 2018.

The company also intends to mine the white cement grade lime stone in Himachal Pradesh and establish the white cement plant there. For this it has applied for mining lease application, the file is pending with Himachal Pradesh Government.

Corporate Social Responsibil ity and Sustainable Development As a socially conscious corporate citizen, your company is in forefront in various CSR initiatives. For this every year your company appropriates some part of its profit towards Corporate Social Responsibility Fund which is spent for the welfare of the society nearby its mines. During this year, your company has spent Rs.101.12 lakh on various types of social welfare activities like promoting education, providing drinking water facilities, skill development and construction of community centre.

The company also understands the need of sustainable development which is a great phenomenon that must be pursued in a complex system of interrelated elements of business, society, and ecology. For this it is important to gain an understanding of these elements and the behaviour of the system. Therefore the company has installed at its head office as well as its mines office solar system to reduce the carbon foot print so far as company succeeded to save 5500 units of electricity every year.

Corporate Governance Corporate Governance is a system of structures, rights, duties, and obligations by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders. It is a mechanism for monitoring the

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5


actions, policies and decisions of corporations. Therefore in compliance with the DPE guidelines on Corporate Governance Guidelines-2010, the Government has appointed two independent directors Shri. C.V.R. Murti and Shri. Sunil Singhi . We expect that company will be benefited by their rich experience.

Finally, I would like to place on record the valuable guidance and support of the DOF, Ministry of Mines, State Government of Rajasthan and last but not the least to FAGMIL family who have contributed through enthusiastic efforts in the transformation of this company.

Thanking you.

Sd/-

(Alka Tiwari)Chairperson and Managing Director

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Vision

To become a leader in Mining of strategic minerals

including gypsum for reclamation of land improving the

health of the soil with sulphur nutrients, infrastructure

development through supply of ROM gypsum to cement

industries and producing various types of Fertilizers.

Mission

The Company's mission is to establish and carry on in

India or in any part of the World all kinds of business relating

to Gypsum and other minerals and their by-products and

manufacture of various types of fertilizers, all organic and

inorganic chemical compounds including by products,

derivatives and mixtures thereof.

Objectives

The main objective of the Company was to take over the

entire unit known as Jodhpur Mining Organization (JMO)

situated in the State of Rajasthan, being a Unit of Fertilizer

Corporation of India Limited and to carry into effect the stScheme of separation (de-merger) of JMO with effect from 1

April 2003, as approved by Honb'le BIFR/the Central

Government in this regard.

The other objectives of the company are as under :

(a) To mine and market Gypsum & other organic and

inorganic minerals efficiently and economically in an

environmental friendly manner.

(b) To effectively manage the assets & resources of the

company to ensure a reasonable return on investments

and maximize internal resources.

(c) To work out diversification / expansion schemes for the

growth and to increase the Profitability of the Company

and promote forward integration consistent with govt.

policies/ guidelines.

(d) To venture into Production of other fertilizers such as

SSP etc. in consistence with Govt. policies/ guidelines.

(e) To continuously upgrade the quality of human

resources and promote organizational and

Management development.

(f) To care for & protect the environment and also

improving on the standards laid down by Pollution

Control Authorities.

(g) To increase customers satisfaction by providing quality

products & services.

Vision, Mission and Objectives of the Company

7


FAGMIL/Notice/AGM-14/ 08.08.2017

N O T I C E

Notice is hereby given that the 14th Annual General Meeting of the members of the Company FCI Aravali Gypsum and Minerals India Limited will be held on Friday 1st September, 2017 at 4:00 p.m., at registered ofce of the company at Mangu Singh Razvi Marg, Paota B Road, Jodhpur to transact the following business:-

ORDINARY BUSINESS:

1. To receive, consider and adopt the audited Financial Statement of the Company for the nancial year ended March 31, 2017, the reports of the Board of Directors' and Auditors' thereon; and

2. To declare dividend on Equity Shares of the Company; and

3. To x the remuneration of auditors and to consider and if thought t, to pass the following resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to section 142 of Companies Act, 2013, the remuneration of Statutory Auditors of the Company, who would be appointed by the Comptroller & Auditor General of India (CAG) for the nancial year 2017-18, be xed by the Board of Directors of the Company."

SPECIAL BUSINESS:

4. To issue Bonus Shares:

To consider and if thought t, to pass, with or without modication, the following resolution as ordinary resolution:

"RESOLVED that pursuant to the applicable provisions of section 63 of the Companies Act 2013, Rule 14 of Companies (Share Capital and Debentures) Rules 2014 and Article 57 of the Articles of Association of the Company and such other approvals, permissions and sanctions as may be necessary and subject to such terms, conditions, alterations, modications, changes and variations as may be specied, the Board of Directors is hereby authorized to capitalize upto Rs. 22,67,02,000 out of 'Reserves and Surplus' and transfer to share capital account towards issue and allotment of equity shares not exceeding 2,26,70,200 equity shares of Rs. 10 each, as bonus shares credited as fully paid-up, to Government of India as on the date of closure of transfer books and that the bonus shares so issued and allotted be treated for all purposes as an increase of the nominal amount of the Equity Capital of the Company held by each such member/person and not as income and that the said Equity Shares be issued and allotted, inter-alia, on the following terms and conditions :

(a) The new Equity Shares of Rs.10 each to be issued and allotted as Bonus Shares shall be subject to the Memorandum and Articles of Association of the

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3- ;fn mi;qDr le>k tk, rks la'kks/ku lfgr ;k fcuk la'kks/ku ds fuEufyf[kr ladYi ij fopkj djuk %

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fo'ks"k O;kikj%4- Ckksul va'kks dks tkjh djus ds fy, %

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8


9


Company and shall rank pari-passu in all respects and carry the same rights as the then existing Equity Shares of the Company, notwithstanding the date or dates of allotment thereof, including entitlement to payment of dividend, if declared, for the nancial year in which the same are allotted.

(b) No letters of Allotment shall be issued for the Bonus Shares and the Share Certicates in respect thereof shall be delivered within 2 months from the date of their allotment.''

"RESOLVED FURTHER that the Board be and is hereby authorized to do all such acts, deeds, matters and things as may in its sole and absolute discretion, deem necessary, expedient, usual or proper and to settle any question, doubt or difculty that may arise with regard to the issue and allotment of Bonus Shares as aforesaid or any other matter incidental or consequential thereto.''

Dated: 08.08.2017 By order of the Board of DirectorsPlace: Jodhpur For FCI Aravali Gypsum &

Minerals India Limited

Sd/-(S.S.Shekhawat)General Manager

Note: A Member entitled to attend and vote at the meeting is entitled to appoint proxy to attend & vote instead of himself. A proxy need not be a shareholder of the company.

To,

Copy to:

All Shareholders & Board of Directors,

Mertia Daga & Associates,

Chartered Accountants, Statutory Auditors.

Plot No. 155, Patrakar Colony,

New Power House Road Crossing,

Jodhpur - 342003 (Rajasthan)

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E X P L A N A T O R Y S T A T E M E N T PURSUANT TO SECTION 102 OF THECOMPANIES ACT, 2013 FCI Aravali Gypsum and Minerals India Limited was formed as a result of de-merger from the then Fertilizer Corporation of India Limited in the year 2003. At the time of demerger, the Company was registered with an authorized capital of Rs. 10 crores divided into 1,00,00,000 equity shares of Rs. 10 each and paid up capital of Rs. 1 lakh. Presently the authorized capital is Rs. 30 crore divided into 3 crore equity shares of Rs. 10 each and paid capital is Rs. 7,32,98,000 divided into 73,29,800 equity shares of Rs. 10 each. The Guidelines no. 5/2/2016-Policy dated 27.05.2016 of Department of Investment and Public Assets Management, which was circulated by DPE vide its Ofce Memorandum number PP/14(005)/2016 dated 20.06.2016, stipulates that every CPSE should look into and analyze in their Board Meeting, the issue of bonus shares when their dened reserves and surplus are equal to or more than 5 times of its paid up equity share capital. In case if it is decided not to issue bonus shares, the nominee ofcial director shall ensure the board analyses the justication for the decision, and reasons for the same be recorded specically.

The company’s dened reserves & surplus are 28.79 times of the paid up capital as on 31.03.17.Therefore with a view to bring the Share Capital to a level commensurate with the approved guidelines, your Directors have proposed that sums not exceeding Rs. 22,67,02,000be drawn from the `Reserves and Surplus' of the Company and capitalized and transferred to Share Capital Account towards issue and allotment of Equity Shares not exceeding 2,26,70,200 Equity Shares of Rs. 10 each as Bonus Shares, credited as fully paid-up, to the members holding Equity Shares as on the Record Date to be specied in this behalf. After issuing the bonus shares of Rs. 22,67,02,000 the company’s dened reserves & surplus would be 6.28 times of the paid up capital, which will be within the approved guidelines. All the Bonus Shares will be issued to Government of India. The said Bonus Shares shall rank pari-passu with the then existing Equity Shares. Government has also approved the proposal for issue of 2,26,70,200 Equity Shares of Rs. 10 each as Bonus Shares vide its letter no. 18018/05/2014-FCA dated 24.07.2017.

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;g lHkh va'k Hkkjr ljdkj dks fuxZfer fd;s tk;sxsa vkSj orZeku va'kks ds cjkcj gksxsaA

Hkkjr ljdkj us Hkh :- 10 okys 2]26]70]200 va'k cksul va'k dh rjg tkjh djus ds izLrko dk vuqeksnu vius i= la[;k 18018@05@2014&PEM fnuakd 24-07-2017 dks dj fn;k gSA

9


DIRECTORS' REPORT(In accordance with the section 134(3) of the Companies Act, 2013)

Dear Members,

On behalf of Board of Directors, I take pleasure to present the audited accounts of the company along with Auditors' and Directors' Report in 14th Annual General Meeting for the year ended on 31st March, 2017.

1. FINANCIAL RESULTS & APPROPRIATIONS:

During the year under review, the company achieved turnover of Rs. 5133.23 lakh (previous year Rs. 6380.23 Lakh) with Prot before tax of Rs. 5519.02 lakh (previous year Rs. 5183.17 Lakh). Decrease in Sales over previous year are mainly due to volatile demand by cement industries from Mohangarh Mines, Imported gypsum, supplies by private players and lower off-take by HLRDC, UPBSN & UP Agro. Post-Tax prot stood Rs. 3603.38 lakh (previous year Rs. 3419.90 Lakh).The key gures relating to nancial performance of the company for the year 2016-17 are given below:-

Turnover

Profit before Depreciation, Prior Period, Exceptional, Extra-ordinary items, Interest & Tax

Depreciation

Interest Paid

Net Profit after Depreciation & Interest

Prior period adjustment

Profit before exceptional and extra-ordinary item and tax

Exceptional Items- Income/ (Expenditure)

Profit before extra-ordinary item and tax

Extra-ordinary item

Profit before Tax

Provision for Current Tax

Deferred tax Charge

Tax adjustment for previous year

Profit after Tax(PAT)

Transfer from P&L Account

Appropriations

Proposed Dividend

Tax on Dividend

Transfer to General Reserve

Transfer to Development Reserve

Net closing surplus carried to next year

ldy fcØhdj] C;kt] vlk/kkj.k] viokfnd en] iwokZof/k en] o ewY;âkl ls iwoZ ykHkewY;âkl C;kt ewY;âkl o C;kt i'pkr ykHkiwokZof/k lek;kstudj o viokfnd] vlk/kkj.k en o dj iwoZ ykHkviokfnd en&vk;@¼O;;½vlk/kkj.k en o dj iwoZ ykHkvlk/kkj.k en dj iwoZ ykHk orZeku o"kZ ds fy, dj izko/kku vkLFkfxr djfiNys o"kZ dk dj lek;kstudj i'pkr ykHkykHk gkfu [kkrs ls gLrkUrj.kfofu;kstuizLrkfor ykHkka'kykHkka'k ij dj lkekU; lap; esa gLrkUrfjr fodkl lap; esa gLrkUrfjr vxys o"kZ ys tk;k x;k 'kq) vf/kD;

(`) in lakh

5133.23

3659.18

(28.20)

(5.91)

3625.07

(0.30)

3624.77

1894.25

5519.02

0

5519.02

(1291.05)

(635.52)

10.93

3603.38

2940.02

1187.43

241.73

360.34

1521.96

3231.94

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fiz; lnL;x.kksa]

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¼1½ foRrh; ifj.kke ,oa fofu;kstu

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11


fooj.k Particulars 2016-17 2015-16

6380.23

4474.61

(29.87)

(0)

4444.74

(12.2)

4432.54

750.63

5183.17

0

5183.17

(1612.2)

(171.68)

20.62

3419.9

2626.57

1026.17

208.9

341.99

1529.37

2940.04

2. SHARE CAPITAL:

The Authorized Share Capital and paid up share capital has remained the same at the previous year's level of Rs. 30 crore and Rs. 7.33 crore respectively.

During the year the company has not made any type of issue of capital with reference to Differential rights, Employees Stock option and Sweat Equity either to its employees or other person.

However, the Board in its 82nd meeting recommended the proposal for issue of 2,26,70,200 equity shares @ Rs. 10 each as bonus issue to its existing shareholder Government of India.

3. DIVIDEND AND BONUS:

Your company has consistent track record of dividend payment so far. Therefore keeping in view the good performance of the company, your Directors have recommended a dividend of Rs.11,87,42,760/- @ 162.00% of paid up capital (Rs. 16.20 per share of Rs. 10/- each) for the year 2016-17 (Previous year Rs.10,26,17,200/-) which if approved at the ensuing 14th Annual General Meeting (AGM), will be paid to all those shareholders whose names appear in the Register of Members.

4. ACHIEVEMENTS:

a. MOU rating: MoU is a mutually negotiated agreement between the management of the Central Public Sector Enterprises (CPSEs) and the Government of India. Under this agreement, the CPSE undertakes to achieve the targets set in the agreement at the beginning of the year and the performance is rated every year on ve point scale.

Due to adverse business conditions (as mentioned above), your company has achieved "Good" MOU ranking with 66.74 score out of 100 for the year 2015-16. For the year 2016-17also, your company is supposed to achieve "Fair" MOU ranking.

b. MOU with State Government : The Company has also signed a MoU under Resurgent Rajasthan Partnership Summit, 2015 with the Government of Rajasthan on 16th of October, 2015 for investing an amount of Rs. 250 crore in the mining sector. However, State Government of Rajasthan has not yet agreed to reserve the blocks of SMS grade Limestone in Jaisalmer, Rock Phosphate in Banswara & Jaisalmer, and Dolomite in Jodhpur. Due to non-reservation of the areas, no progress could be made in this regard.

¼2½ va'kiwath

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¼4½ miyfC/k;k¡ %

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¼c½ jkT; ljdkj ds lkFk le>kSrk Kkiu % dEiuh us [kuu {k=s ea s 250 djkMs + :i;s dh jkf'k fuo's k djus ds fy, 16 vDVcw j 2015 dks jktLFkku ljdkj ds lkFk Resurgent Rajasthan

Partnership Summit, 2015 ds vUrxrZ ,d le>krS k Kkiu ij gLrk{kj fd, gAS gkykfa d jktLFkku ljdkj }kjk vHkh rd tlS yejs ea s ,l-,e-,l- xMsz ykbeLVkus ] ckl¡ okMk+ o tlS yejs ea sjkdW QkLQVs ] tk/s kijq ea s Mkys kes kbV ,oa vU; fofHkUu LFkkuka s ij ftIle ds dNq CykdW dks vkjf{kr djus ds fy, lgefr ugh nh

12


c. Miniratna Category: The Company has been making continuous prot since inception i.e. 2003-04. Therefore, keeping in view the consistent performance, the Government of India conferred the status of "Miniratna-II" category to the company on 06.06.2011 vide letter no. 18018/2/2011-FCA.

During the year 2014-15, 2015-16 and 2016-17 the company has achieved a PBT of Rs. 54.82 crore, Rs.51.83 crore and Rs. 55.19 crore which qualify the company to claim Miniratna-I status. For this the company has approached the Department of Fertilizers on 06.09.2013 but the status of Miniratna-I has not been accorded for requirement of minimum number of Independent Directors on the Board of the Company. Since two Independent Directors have already joined the company during 2016-17, the proposal will be sent again to DOF for approval.

d. ISO Certification: ISO helps us to ensure that customers get consistent and good quality of product and services under specied criteria and full the standard laid down for protection of health, safety and environment.

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o"kZ 2014&15] 2015&16 rFkk 2016&17 ds nkSjku dEiuh us ̀

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13

MoU for the year 2017-18, being exchanged betweenSecretary (Fert.), Smt. Bharathi Sivaswami Sihag and CMD, FAGMIL, Smt. Alka Tiwari


5. PERFORMANCE HIGHLIGHTS

a. Production / Sales Performance

During the year, the total production of Gypsum was 581981 MT as compared to 634097 MT production of previous year. The company sold 563926 MT (previous year 729721 MT) of gypsum to Uttar Pradsh Bhumi Sudhar Nigam Limited, HLRDC, Rajasthan State Marketing Co-operative Federation, DDSF and various other cement companies. Decrease in Sales over previous year is mainly due to volatile demand by cement industries from Mohangarh Mines, stiff competition with imported gypsum, supplies from private players and lower off-take by UP Agro, UPBSN & HLRDC.

The production and sales of last three years are as under:

Year Sales Production Capacity Production (MT) (MT) (MT) Capacity utilization

2014-15 837477 1026379 1075000 95.48%

2015-16 729721 634097 1160000 54.66%

2016-17 563926 581981 1225000 47.51%

Mine wise sales of current year in relation to previous year are given as under:-

Group of 2016-17 2015-16 Annual Achievement as

Mine Capacity a % of capacity

Mohangarh 1.65 1.78 5.50 30.00

Bikaner 0.44 1.21 1.05 41.90

Suratgarh 2.09 3.18 3.70 56.49

Ramsinghpur 1.46 1.12 2.00 73.00

Total 5.64 7.29 12.25 46.04

¼5½ izn'kZu¼v½ mRiknu@fcØh miyfC/k;ka fiNys o"kZ 634097eS0Vu ftIle mRiknu dh rqyuk esa bl o"kZ

ftIle dk dqy mRiknu 581981 eS0Vu jgk gSA blesa ls dEiuh us 563926 eS0Vu ¼fiNys o"kZ 729721 eS0Vu½ ftIle eSllZ ;w0ih0 LVsV ,xzks] mRrj izns'k Hkwfe lq/kkj fuxe] jktLFkku LVsV ekds Z f aVx dk svkij s fVo QsMj s'ku] ,p,yvkjMhlh] Mh Mh ,l ,Q ,oa vU; lhesaV dEifu;ks dks cspkA fiNys o"kZ dh rqyuk esa bl o"kZ fcØh esa deh eq[;r% eksgux<+ ls lhesaV b.MLVªht }kjk vfLFkj ekax] vk;frr ftIle ls izfr;ksfxrk] ;which,l,u ,oa ;wih LVsV ,xzks dh de ekax ds dkj.kksa ls gqbZ gSA fiNys nks o"kksZ dk mRiknu fLFkfr fuEu izdkj gSa %

o"kZ fcØh mRiknu {kerk {kerk dk

¼eS0Vu½ ¼eS0Vu½ iz;ksx

2014&15 837477 eS0Vu 1026379 1075000 95-48%

2015&16 729721 eS0Vu 634097 1160000 54-66%

2016&17 563926 eS0Vu 581981 1225000 47-51%

fiNys o"kZ dh rqyuk esa bl o"kZ dk izR;sd [kkuksa dh fcØh

fuEu izdkj gSA

[kku lewg 2016&17 2015&16 okf"kZd {kerk miyfC/k {kerk ¼yk[k eS0Vu½ ¼yk[k eS0Vu½ ds % :Ik es

eksgux<+ 1.65 1.78 5.50 30.00

chdkusj 0.44 1.21 1.05 41.90

lwjrx<+ 2.09 3.18 3.70 56.49

jkeflagiqj 1.46 1.12 2.00 73.00

dqy 5.64 7.29 12.25 46.04

14

vr% vius mRikn@lsokvksa dh xq.koRrk] LokLF;@i;kZoj.k dh lqj{kk dks lqfuf'pr djus ds fy, dEiuh us eksgux<+] lwjrx<+] jkeflagiqj o chdkusj [kku lewg ds ifjpkyu dk vads{k.k djok;k gS]ftUgs dh vkbZ- ,l- vks- izek.k&i= ls lq'kksfHkr fd;k x;k gSA

daiuh [kkuksa ds lHkh lewgks vkSj eq[; dk;kZy; ds fy, ,d ,dhÑr vkbZ-,l-vks- izek.k&i= izkIr djus dh izfØ;k esa gSA blds fy, vads{k.k Hkh nks pj.kksa 10&12-04-17 rFkk 20&25-04-2017 esa iwjk dj fy;k x;k gSA ;g izek.k i= Hkh 'kh/kz izkIr gks tk;sxkA

blds lkFk gh tks/kiqj fLFkr fuxfer dk;kZy; lfgr lHkh izeq[k [kkus mRre izcU/ku iz.kkyh ds vUrxZr vUrfuZfgr gks x;h gSA


Therefore the company got its establishment audited w.r.t. quality of product, services, health safety & environment and implemented the Integrated Quality Management System (IQMS) for Mohangarh, Suratgarh, Ramsinghpur and Bikaner group of mines which have been accredited by ISO certicates.

Company is also in process to get one integrated ISO certicate for all group of mines and head ofce. For this, the audit has been completed in two phase on 10-12.04.17 and 20-25.04.17. The certicate will be issued shortly.

With this all major mines including head Ofce at Jodhpur have been covered under Quality Management System (QMS).

(LMT)

b. Financial Performance

One of the most fundamental facts about businesses is that the operating performance should earn maximum revenue by way of its sale and prot. Therefore pursuing this objective, the Company has achieved Sales turnover and Prot before tax of Rs. 51.33 crores (previous year Rs. 63.80 crores) and Rs. 55.19 crore (Previous year Rs. 51.83 crore) respectively. The post-tax prot is at Rs. 36.03 crore (previous year Rs. 34.20 crore). Sales are low due to lower off take by UPBSN &HLRDC and lower off-take from Mohangarh Mines by Cement Industries.

c. Sales Promotion

Sales promotions are set of marketing activities undertaken to boost up the sales by persuading potential customers to buy the product. It not only includes advertising campaigns but also includes participation in various trade fairs etc. The Company does not take part or organize any agriculture mela directly, however through various agriculture universities it educates the farmers about the utility of mineral gypsum. During the year, the company participated in a fair organised by Laghu Udyog Bharti in Jaipur. The company also operates mobile testing van to make aware the farmer about the use of gypsum on various crops. The various committees regularly interact with our customer to boost up the sale.

6 PROCUREMENT FROM MSME:

In a major boost to the domestic Micro, Small and Medium Enterprises (MSMEs), the Government has decided to reserve 20 percent of all government purchases for the MSME sector. Therefore against Gazette notication no. 581(2) dated 23.03.12, FAGMIL purchased items worth of Rs. 26.76 lakh (66.10%) from micro and small enterprises out of total purchase of Rs. 40.48 lakh (excluding bags) during 2016-17. If the bag is considered in purchase, the total procurement is Rs. 348.31 lakh and share of procurement from MSMEs is 7.68%. The company has sought exemption from development commissioner (MSME) for grant of exemption in this regard through DoF.

7. CONTRIBUTION TO NATIONAL EXCHEQUER: The Company made a contribution of Rs. 44.95 crore

(previous year Rs. 41.99 crore) by way of Income Tax, Sales Tax, Excise duty, Service Tax, Royalty, Dead Rent, Service Charges, Land Tax, Environment & Health cess, Dividend and tax thereon etc. to the Central and State exchequer during the nancial year 2016-17.

8. STATUS OF EXISTING & PROPOSED MINING LEASES : The following are details of our existing mining lease:-

¼c½ foRrh; izn'kZu

fdlh Hkh O;olk; dk ewyHkwr rF; gksrk gS fd og foØ; ,oa ykHk ds ek/;e ls vf/kd ls vf/kd vk; vftZr djsaA vr% mi;qZDr mÌs'; dk vuqlj.k djrs gq, dEiuh us ` 51-33 djksM+ ¼fiNys o"kZ ` 63-80djksM½ dh fcØh o ` 55-19djksM+ ¼fiNys o"kZ ̀ 51-83 djksM½ dk dj iwoZ ykHk vftZr fd;k gSA dj i'pkr~ ykHk ̀ 36-03djksM ¼fiNys o"kZ ̀ 34-20 djksM½ dk jgkA fcØh esa deh eq[;r% eksgux<+ ls lhesaV dEifu;ks }kjk de eky fy, tkus ds dkj.k o ;wihch,l,u o ;wih LVsV ,xzks dh de ekax ds dkj.k gqbZ gSA

¼l½ foØ; lao/kZu

foØ; lao/kZu ,d ,slk xfrfof/k;ksa dk lewg gS ftlesa laHkkfor xzkgdks dks ryk'kus o xzkgdks dks mRikfnr oLrq dks [kjhnus ds fy, izsfjr fd;k tkrk gSA blesa u dsoy foKkiu oju~] O;kikfjd esyks esa Hkkxhnkjh Hkh fufgr gksrh gSA gkykfd fd dEiuh fdlh Hkh Ñf"k esys esa izR;{k :i ls Hkkx ugha ysrh vkSj u gh ,sls fdlh esys dk vk;kstu djrh gS ijUrq fofHkUu Ñf"k fo'ofo|ky;ksa ds ek/;e ls fdlkuksa ds chp ftIle dh mi;ksfxrk ls lacfU/kr izpkj lkefxz;ksa dks izlkfjr djrh gSAo"kZ ds nkSjku] daiuh us y?kq m|ksx Hkkjrh }kjk t;iqj esa vk;ksftr esys esa Hkkx fy;kA daiuh fofHkUu Qlyksa esa ftIle ds iz;ksx ds fy, eksckby ijh{k.k oSu Hkh lapkfyr djrh gSA fofHkUu lfefr;k¡ fu;fer :i ls fcØh dks c<+kok nsus ds fy, gekjs xzkgdksa ls laidZ djrh gSA

6- ,e ,l ,e bZ ls Ø;

?kjsyw lw{e] e/;e ,oa y/kq m|ksxks dks c<+kok nsus ds mÌs'; ls] ljdkj us lHkh izdkj ds Ø; dk 20 izfr'kr bu m|ksxks ls Ø; djus ds fy, jkti= fn'kk funsZ'k la- 581¼2½fnuakd% 23-03-2012 tkjh fd;kA o"kZ 2016&17 esa Qsxfey us dqy Ø; ̀

40-48yk[k ¼cSXl dks NksM+dj½ ds lkis{k ` 26-76 yk[k ¼66-1%½ dk Ø; lw{e ,oa y/kq m|ksxkas ls fd;k gSA ;fn cSXl dks Ø; esa 'kkfey fd;k tkrk gS rks dqy Ø; dh jkf'k ̀ 348-31 yk[k ds lkis{k lw{e] y?kq ,oa e/;e m|ksxksa ls Ø; dk izfr'kr 7-68% gSA daiuh us moZjd foHkkx ds ek/;e ls bl laca/k esa fodkl vk;qDr ¼,e-,l-,e-bZ-½ ls NwV dh LohÑfr ekaxh gSA

¼7½ jktdks"k esa va'knku%&

foRrh; o"kZ 2016&17 ds nkSjku dEiuh us dqy ̀ 44-95djksM ¼fiNys o"kZ ` 41-99 djksM½ dk ;ksxnku vk;dj] fcØh dj] mRiknu 'kqYd] lsok dj] vf/k'kqYd] lsok 'kqYd] Hkwfe dj] i;kZoj.k o LokLF; 'kqYd ,oa ykHkka'k ds vkfn ds :i esa dsUnzh; o jktdh; jktdks"kks esa fd;kA

¼8½ orZeku o izLrkfor [kuu iêks dh fLFkfr orZeku [kuu iêks dh fLFkfr bl izdkj gS %

15


S. Name & Location Lease Date of Capacity Remarks

No. of the Mines Area Grant of in MT

Mining

Lease

1 Mohangarh, 501.68 06.11.1967 450000

Jaisalmer

2 Mohangarh-1, 200.00 17.12.2007 100000 Mine is operational

Jaisalmer

3 Karnisar, 48.76 14.09.1966 40000 Mine is operational

Sriganganagar

4 RP-1, 95.10 14.09.1966 30000 Mine is operational

Sriganganagar

5 RP- Main, 81.29 14.09.1966 10000 Mine is operational

Sriganganagar

6 RP-III, 4.747 22.02.2010 50000 Mine is operational

Sriganganagar

7 Thethar, 100.81 16.05.2007 90000 Mine is operational

Sriganganagar

8 Padampura, 120.00 19.12.2008 50000 Mine is operational

Sriganganagar

9 Kishanpura-A 4.98 24.04.2014 50000 Mine is operational

10 Kishanpura-B 4.98 24.04.2014 50000 Mine is operational

11 Kaoni, Bikaner 250.53 14.09.1966 50000 Mine is operational

12 Bharru, Bikaner 111.49 14.09.1966 40000 Mine is operational

13 Randhisar, Bikaner 200.00 11.05.2007 15000 Mine is operational

14 Khal, 86.12 16.05.2007 50000 Mine is operational

Sriganganagar

15 Kupli, 4.8 07.07.2010 50000 Mine is operational

Sriganganagar

16 Dhandra, 132.37 25.08.1967 100000 Mine is operational

Sriganganagar

Total 1225000

Area held under GOI n o t i c a t i o n d a t e d 20.02.1964. Working as a g e n t o f G O I . Environment clearance o b t a i n e d . M i n e i s operational.

Status of existing Mines

Ø- [kku dk iês dk [kuu iêks {kerk fVIi.khl- uke o LFkku {ks= @dk;kZuqefr ¼eS0Vu½ ¼gsDVs;j½ dh LohÑfr frfFk

1 eksgux<+& tSlyesj 501-68 06-11-1967 450000

2 eksgux<+&I 200 17-12-2007 100000 [kku izpyu esa gSA tSlyesj

3 dj.khlj& 48-76 14-09-1966 40000 [kku izpyu es gSA Jhxaxkuxj

4 j/kqukFkiqjk&I 95-10 14-09-1966 30000 [kku izpyu es gSA Jhxaxkuxj

5 j/kqukFkiqjk& 81-29 14-09-1966 10000 [kku izpyu es gSA eq[; Jhxaxkuxj

6 j/kqukFkiqjk&III 4-747 22-02-2010 50000 [kku izpyu es gSA Jhxaxkuxj

7 BsBkj 100-81 16-05-2007 90000 [kku izpyu es gSA Jh xaxkuxj

8 ineiqjk 120-00 19-12-2008 50000 [kku izpyu es gSA Jh xaxkuxj

9 fd'kuiqjk&v 4-98 24-04-2014 50000 [kku izpyu es gSA

10 fd'kuiqjk&c 4-98 24-04-2014 50000 [kku izpyu es gSA

11 dkouh] chdkusj 250-53 14-09-1966 50000 [kku izpyu es gSA

12 Hkk:] chdkusj 111-49 14-09-1966 40000 [kku izpyu es gSA

13 j.k/khlj] 200-00 11-05-2007 15000 [kku izpyu es gSA chdkusj

14 [kky& 86-12 16-05-2007 50000 [kku izpyu es gSA Jh xaxkuxj

15 dqiyh] 4-8 07-07-2010 50000 [kku izpyu es gSA Jhxaxkuxj

16 /kk/kM+k] 132-37 25-08-1967 100000 [kku izpyu es gSA Jhxaxkuxj dqy 1225000

Hkkjr ljdkj ds fnuakd 20-02-1964 ds vf/klwpuk ds vUrZxr ,d vfuf'pr vof/k ds fy, /kkfjr {ks= rFkk Hkkjr ljdkj ds vfHkdrkZ ds :i esa dk;Zjr vr% iêk vuqca/k visf{kr ugha gSA i;kZoj.k vuqefr izkIr [kku izpyu esa gSA

16


9. DIVERSIFICATION AND EXPANSION:

Diversication and Expansion strive to smooth out unsystematic risk events in a business so that the positive performance of some minerals will neutralize the negative performance of others. It not only helps the company to increase revenue but also helps in achieving the set objectives, increases the market share, goodwill, reputation and gains new identity in corporate world.

Therefore keeping in view of the above, the company has made its diversication and expansion plan as under:

Gypsum

a. Most of the high grade gypsum deposits are depleting gradually, therefore new areas are required to be explored. In this connection, the company had applied for few gypsum mines at various places of Rajasthan but only Letter of Intent (LOI) of 7 leases have been sanctioned subject to clearance by MOEF and registered consent of land owner falling within area. Now Grant of Mineral concession under MMRD Amendment Act 2015, is supposed to be allowed through auction route or through reservation for PSUs only. Therefore, it has become very difcult to acquire new mining leases of gypsum in changed scenario.

b. To increase the existing production capacity, the Company applied to MOEF, GOI for enhancing the capacity of 2 gypsum mines i.e. Padampura, and Dhandra. The consent to operate for Padampura mine has already been obtained during 2015-16 and consent to operate for Dhandra mines has been obtained on 10.11.2016. The capacity of Dhandra Mines has been raised from 35000 MT to 100000 MT per year.

c. To reserve the 4 areas of gypsum in favour of FAGMIL, Ministry of Mines, Government of India has written to Government of Rajasthan vide reference number 4/11/2016-M-VI dated 27.02.2017, which is pending.

Single Super Phosphate (SSP)

The company got approval of Central Government for establishing the SSP plant in Chittorgarh of 800 tpd at an investment of Rs. 81.62 crores. For this, the company has acquired 11.01 Ha of land in Pandauli village on

¼9½ fofo/khdj.k vkSj foLrkj

izR;sd fofo/khdj.k o foLrkj vO;ofLFkr tksf[ke dks gVkus dk iz;kl djrk gS rkfd ldkjkRed izn'kZuks ds izHkko ls udkjkRed izn'kZuksa ds izHkko dks fu"Øh; fd;k tk ldsaA ;g u flQZ dEiuh dh vk; dks c<+krk gS cfYd mÌs';ksa dh izkfIr] cktkj esa fgLlsnkjh c<+kus] lk[k cukus o ubZ igpku izkIr djus esa Hkh dEiuh dh en~n djrk gSA

vr% mi;ZqDr dks /;ku esa j[krs gq, dEiuh us Hkh fofHkUu izdkj dhs fofo/khdj.k ;kstuk cuk;h gS] tks bl izdkj gSa%

ftIle

¼v½ mPp xq.koRrk okys vf/kdrj ftIle dk Hk.Mkj /khjs&/khjs de gks jgs gS] vr% u, ftIle {ks= dh[kkst djuk vko';d gSAbl lEcU/k esa dEiuh us dqN ftIle [kuu~ iÍksa ds fy, jktLFkku ljdkj ds ikl vkosnu fd;k Fkk] ysfdu dsoy 7 iÍsai;kZoj.k ,oa ou ea=ky; ds vuqeksnu rFkk {ks= ds vUrxZr vkus okys Hkwfe ekfydksa dh iathÑr lgefr ds fy, eatwj fd;s x;sA vc ,e-,e-vkj-Mh- la'kks/ku vf/kfu;e 2015 ds vUrxZrftIle dks lkoZtfud {ks= ds miØeksa dks dsoy uhykeh ekxZ ds tfj;s vFkok vkj{k.k ds tfj, iznku fd;k tk,xkA bl fy, u;s [kuu iÍks dks u;s ifjn`'; ds vuqlkj izkIr djuk eqf'dy gSA

¼c½ dEiuh us nks [kkuksa inEkiqjk o /kka/kM+k dh orZeku mRiknu {kerk c<+kus gsrq i;kZoj.k ,oa ou ea=ky; Hkkjr ljdkj ds le{k vkosnu fd;k gSA ineiqjk [kku esa dke djus gsrq lgefr o"kZ 2015&16 esa igys gh izkIr dh tk pqdh gS] rFkk /kk¡/kM+k [kku gsrq lgefr fnukad 10-11-2016 dks izkIr dj yh xbZ gSA /kk¡/kM+k [kku dh {kerk dks 35]000 eS0Vu ls 1]00]000 eS0Vu izfr o"kZ c<+k;k tk pqdk gSA

¼l½ Qsxfey ds i{k esa 4 ftIle ds {ks=ksa dks vkjf{kr djus ds fy, [kku ea=ky;] Hkkjr ljdkj }kjk jktLFkku ljdkj dks lanHkZ la[;k 4@11@2016&M&VI fnuakd 27-02-2017 ds ek/;e ls fy[kk x;k] tks fd yafcr gSA

flaxy lqij QkLQsV

dEiuh us 800 eS0Vu {kerk okys ̀ 81-62 djksM+ dh dher ds ,l ,l ih IykaV dks fpRrkSM+x<+ esa LFkkfir djus ds fy, dsUnz ljdkj dh vuqefr izkIr dj yh gSA blds fy, dEiuh us i.Mksyh xkao]

17


Kapasan Highway at Chittorgarh and obtained the permission for use of water from Gosunda Dam. The company has also obtained the Environment Clearance and Consent to Establish from Pollution Control Board and awarded the task of Project Management Consultant to M/s PDIL. Topographical Survey and Geo-Technical Survey jobs were completed. NIT for LSTK contract were oated. NIT for other civil jobs will be oated soon. The plant will be commissioned by October 2018.

Rock Phosphate, SMS Grade Lime Stone and Dolomite

The company has requested through Department of Fertilizers to Ministry of Mines for reserving the few blocks of SMS grade Lime Stone, Dolomite, Rock Phosphate. Ministry of Mines has requested to Government of Rajasthan for reserving the areas but there is no response from State Government of Rajasthan so far. To reserve one block each of Rock Phosphate, SMS Grade Lime Stone and Dolomite in favour of FAGMIL, Ministry of Mines, Government of India, has written to Government of Rajasthan vide reference number 4/11/2016-M-VI dated 27.02.2017, which is pending.

diklu gkbZos ds fudV fpRrkSM+x<+ esa 11-01 gsDVsvj Hkwfe rFkk lkFk gh xkslq.Mk cka/kls ty ds mi;ksx dh eatwjh jktLFkku ljdkj ls izkIr dj yh gSA dEiuh us i;kZoj.k vuqefr Hkh i;kZoj.k foHkkx ls izkIr dj yh gS ,oa eSllZ ih-Mh-vkbZ-,y dks bl ifj;kstuk ds fy, izkstsDV eSustes.V dUlYVasV ds rkSj ij dk;Z lkSi fn;k gSA VksiksxzkfQdy losZ ,oa Hkw&rduhdh losZ{k.k dk dk;Z iwjk fd;k x;k gSA ,y-,l-Vh-ds- vuqcs/k ds fy, fufonk tkjh dj nh x;h gSA vU; dk;ksZ ds fy;s fufonk tYn gh tkjh dh tk;sxhA la;a= dks vDVwcj 2018 rd 'kq: fd;k tk,xkA

jkWd QkLQsV],l,e,l xzsM pwuk iRFkj ,oa MksyksekbV

dEiuh us moZjd foHkkx ds }kjk [kku ea=ky; ds le{k pwuk iRFkj] MksyksekbV] jkWd QkWLQsV ds dqN CykWd vkjf{kr djus ds fy, vuqjks/k izLrqr fd;k Fkk ijUrq jktLFkku jkT; ljdkj ls vc rd dksbZ Hkh tokc ugh feyk gSA jkWd QkLQsV] ,l,e,l xzsM ykbe LVksu rFkk MksyksekbV ds izR;sd CykWd esa ls ,d CykWd Qsxfey ds i{k esa djus ds fy;s [kku ea=ky;] Hkkjr ljdkj }kjk lanHkZ la[;k 4@11@2016&M&VIfnuakd 27-02-2017 ds ek/;e ls jktLFkku ljdkj dks i= fy[kk gS tks fd yafcr gSA

Felicitation of FAGMIL by hon'ble Chief Minister Rajasthan Smt. Vasundhara Raje during State Level Bhamasaah Honour Ceremony

18


White cement grade lime stone

The company also applied for mining of white cement grade lime stone in Himachal Pradesh and intends to establish white cement plant in joint venture mode. For this the company applied for mining lease of white cement grade lime stone, the le is pending with Himachal Pradesh Government. Joint demarcation of applied area is under process.

10. HUMAN RESOURCE MANAGMENT:

HRM is a function in an organisation designed to maximize the employees' performance in achieving employer's strategic objects. HR is primarily concerned with management of people within organization, focusing on policies & systems. It is also responsible for welfare of employees by way of training & development, performance appraisal & reward. Therefore, to motivate the employees and implementing the welfare schemes, the company has taken various steps as under:

a. Employees' Welfare

The company has implemented recommendation of 2nd Pay revision committee with regard to IDA pattern of pay revision since January 2007 and took group term life insurance policy which protects the family of the employees in case of sudden demise or disablement of the employees. A new pension scheme for the benet of the employees has already been implemented. The retirement age of the employees of the company is 60 years.

b. Training & Development:

Training & Development are the educational process. People can learn new information, re-learn and reinforce existing knowledge and skills, and enables them to improve their effectiveness at work.

Therefore, to sustain in changing business environment and increase the effectiveness at work, the company provided 27 man-days and 12 man-days training to its executives and non-executives respectively by deputing employees for external and in house training programmes.

c. Implementation of welfare schemes in Company and Industrial Relation

The employer-employees relationship continued to be harmonious during the year. There was no loss of production due to any adverse situation.

lQsn lhesaV xzsM pwuk iRFkj

dEiuh us lQsn lhesaV ds [kuu~ dk;Z gsrq fgekapy izns'k esa vkosnu i= izLrqr fd;k gS ,oa lg&lg;ksx esa lQsn lhesaV Iyk.V yxkus dh Hkh bPNqd gSA blds fy, dEiuh us lQsn lhesaV xzsM pwuk iRFkj ds [kuu iÍsa ds fy, vkosnu fd;k gS] Qkby fgekpy izns'k ljdkj ds ikl yafcr gSA {ks= dh la;qDr lhekadu izfØ;k fØ;kUo;u esa gSA

¼10½ ekuo lalk/ku izcU/ku %

ekuo lalk/ku izcU/ku laxBu dk ,d egRoiw.kZ fØ;k gS ftls fd dEiuh ds mÌs';ksa dh izkfIr gsrq deZpkfj;ksa ds izn'kZu esa lq/kkj ds fy, fMtkbu fd;k x;k gSA bldk dk;Z laxBu esa uhfr;ks ds vUrxZr deZpkfj;ksa dks lqfu;ksftr rjhds ls O;ofLFkr djus dk gksrk gSA izf'k{k.k] fodkl] izn'kZu ewY;kadu ,oa iqjLdkj ds ek/;e ls deZpkfj;ksa ds dY;k.k gsrq ;g foHkkx nk;h gksrk gSA vr% deZpkfj;ksa dks izsfjr djus ,oa fofHkUu dY;k.kdkjh ;kstukvksa dks ykxw djus ds fy,] dEiuh us fofHkUu izdkj ds dne mBk;s gS%&

v- deZpkjh dY;k.k

dEiuh us vkbZ- Mh- ,- iSVuZ dh f}rh; osru iz.kkyh dh flQkfj'kksa dks tuojh 2007 ls ykxw fd;k gS ,oa deZpkfj;ksa ds vkdfLed fu/ku vFkok fodykax gksus dh n'kk esa muds ifjokj dh lqj{kk gsrq lkewfgd thou chek ikWfylh yh gSA blds vfrfjDr deZpkfj;ksa ds lsok fuo`r ykHk gsrq dEiuh us ias'ku Ldhe dks Hkh ykxw fd;k gSAdEiuh esa lsokfuo`r vk;q 60 o"kZ gSA

c- izf'k{k.k ,oa fodkl%&

izf'k{k.k ,oa fodkl fujUrj v|ru djus dh dyk gSA ftlds ek/;e ls deZpkjhx.k ubZ lwpuk;s] Kku] dkS'ky izkIr djrs gS tks mudh {kerkvksa dks csgrj djus o dk;Z dks izHkkoh <ax ls djus esa mudh lgk;rk djrk gSA

vr% bl cnyrs gq, O;kikfjd ifjos'k esa dk;Z dks izHkkoh <ax ls djus ds fy, dEiuh us vius vf/kdkfj;ksa ,oa deZpkfj;ksa dks ?kjsyw ,oa ckgjh Øe'k 27 o 12 fnolks dk izf'k{k.k fn;k gSA

l- dEiuh esa dY;k.k ;kstukvksa dk fØ;kUo;u ,oa vkS|ksfxd laca/k %&

o"kZ ds nkSjku fu;ksDrk o deZpkfj;ks ds lEcU/k lkSgknZiw.kZ cus jgs rFkk bl nkSjku fdlh Hkh izfrdwy fLFkfr ds dkj.k mRiknu dk dksbZ uqdlku ugh gqvk gSA

vuql w fpr tkfr@tutkfr] Hk wri wo Z l S fudk s ]

19


The company is also implementing various social schemes for the welfare of society and employees under which it provides scholarship, tuition fee (for 2 children) and reimburse the cost of study material to children of employees.

11. CONSERVATION OF ENERGY, TECHNOLOGY A B S O R P T I O N , F O R E I G N E X C H A N G E EARNINGS AND OUT GO:

Conservation of Energy: Under section 134 (3) of Companies Act, 2013 and Rule 8(3) of Companies (Accounts) Rules, 2014, it is hereby mentioned that the Company does not dea l in energy e fc ient manufacturing plants; therefore it is not applicable to the company. However, under Sustainable Development activities, the company has installed solar system at Jodhpur ofce and area ofces to save the carbon footprint which enabled the company to save 5000 units of electricity every year.

Technology absorption, adoption and innovation:

The Company did not procure any technology for its operation.

Research and Development (R & D): Refer Management Discussion and Analysis Report.

Foreign Exchange Earning and Outgo: Nil.

dEiuh us lekt o deZpkfj;ks ds dY;k.k gsrq fofHkUu izdkj dh lekftd ;kstuk, ykxw dh gS ftlds vUrZxr Nk=o`fr] vf/kdre nks cPpks ds fy, f'k{k.k 'kqYd] v/;;u lkexzh dh ykxr dh izfriwfrZ bR;kfn deZpkfj;ks ds cPpks dks iznku fd;k tkrk gSA

¼11½ ÅtkZ laj{k.k] izkS|ksfxd vo'kks"k.k] fons'kh fofue; dk vk; o fuxZeu%

dEiuh vf/kfu;e 2013 dh /kkjk 134¼3½ rFkk ÅtkZ laj{k.k % dEiuh y[s kk fu;eu 2014 ds fu;e 8¼3½ds rgr ;g mYy[s k fd;k tkrk gS fd dEiuh ÅtkZ dq'ky fofuekZ.k ;U=kdas k iz;kxs ugha djrh gSA vr% ;g dEiuh ij ykxw ugh gSA gkykfa d /kkj.kh; fodkl ds vUrxZr dEiuh us eq[; dk;kZy; tk/s kiqj e,as oa vU; dk;kZy;ks eas dkcZu QqVfizUV cpkus ds fy, lkSj ÅtkZ iz.kkyh LFkkfir fd;k gS] ftlds vUrxZr dEiuh izfr o"kZ 5000 ;fw uV fctyh dh cpr djrh gSA

izkS|ksfxdh vko'kks"k.k %

dEiuh us vius ifjpkyu ds fy, fdlh Hkh rduhd dks Ø; ugha fd;k gSA

vuqla/kku ,oa fodkl%Ñi;k icz U/k ,oa fo'y's k.k ifz rons u n[s kAs

fons'kh eqnzk vk; ,oa O;; % 'kwU;

vYila[;dks ,oa 'kkjhfjd :i ls fodykax O;fDr;ksa dh fu;qfDr;ksa ,oa inksUurh ls lacfU/kr vkj{k.k esa dEiuh ljdkj ds funs'kksZ dk /;ku j[krh gSA fnuakd 31-03-2017 dks dEiuh esa dqy 46 deZpkjh Fks ftlesa ls 29 vf/kdkjh o 17xSj vf/kdkjh deZpkjh FksA fnukad 31-03-2017 dks vkjf{kr oxZ ds jkstxkj ds lEcU/k esa fuEu fooj.k gS %&

The Company has been observing Government of India's directives on recruitment and promotions with regard to reservation of posts for SCs/STs, Ex-Servicemen, Minority and Physically Handicapped persons. Manpower strength of the company as on 31.03.2017 was 46 comprising 29 executive and 17 non-executives. Details regarding employment of reserved categories as on 31.3.2017 are given below:

Category No. of Employees % age

1 Schedule Castes 05 11

2 Schedule Tribes 01 2

3 Ex- Servicemen --

4 Minority --

5 Physically Handicapped --

6 OBCs 09 20

7 Women 04 9

8 Others 27 58

Total 46 100

Sl.

No.Ø-l- Js.kh deZpkfj;ks dh la[;k izfr'kr

1 vuqlwfpr tkfr 05 112 vuqlwfpr tutkfr 01 23 HkwriwoZ lSfud & & 4 vYila[;d & &5 'kkjhfjd :i ls fodykax & & 6 vU; fiNM+k oxZ 09 207 efgyk, 04 98 vU; 27 58 dqy 46 100

20


12. DETAILS OF EMPLOYEES

In accordance with section 197 of the Companies Act 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, No employee was in receipt of remuneration of Rs. 500,000/- pm or more (Rs. 60,00,000 pa) throughout the nancial year or part of the nancial year. Therefore, it is not applicable to the company.

13. RESPONSIBILITY STATEMENT OF BOARD OF DIRECTORS

In accordance to section 134(5) of Companies Act, 2013, your directors conrm that:

a. In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b. the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the nancial year and of the prot and loss of the company for that period;

c. the directors had taken proper and sufcient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d. The directors had prepared the annual accounts on a going concern basis;

e. The directors, in the case of a listed company, had laid down internal nancial controls to be followed by the company and that such internal nancial controls are adequate and were operating effectively.

f. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

14. IMPLEMENTATION OF OFFICIAL LANGUAGE:

For implementing the provisions of Ofcial Language Act, 1963 and policy of the Government of India. Hindi diwas/ saptah & pakhwara is celebrated every year in which Hindi workshop is organized. Hindi competitions like Hindi essay, Translation, Gyan Ganga, Hindi dictation etc

¼12½ deZpkfj;kas dk fooj.k % dEiuh vf/kfu;e 2013 dh /kkjk 197 ,oa dEiuh ¼izca/kdh;

dfeZ;ks dh fu;qfDr ,oa ifjJfed½ fu;eu 2014 ds vUrZxr] dEiuh ds fdlh Hkh O;fDr us ikap yk[k ekfld ;k blls vf/kd ¼lkB yk[k okf"kZd½ osru ugh fy;k gSA vr% ;s dEiuh ij ykxw ugha gSA

¼13½ funs'kd e.My dk mRrjnkf;Ro foojf.kdk

dEiuh vf/kfu;e] 2013 dh /kkjk 134 ¼5½ ds vUrxZr vkids funsZ'kd ;g izekf.kr djrs gS fd%&

v½ okf"kZd ys[kksa dks cukus esa ykxw ys[kk ekudksa dk iz;ksx fd;k x;k gS ,oa tgka dgh Hkh blls fopyu gqvk gS mldk fooj.k fn;k x;k gSA

c½ funs'kdksa us ys[kkadu uhfr;ksa dk fujarjrk ls ikyu fd;k gS ,oa tgk¡ Hkh vko';d gqvk ogk¡ ,sls fu.kZ; ,oa vuqeku yxk;s x;s gS tks fd ;qfDrlaxr ,oa foosdiw.kZ gS ,oa forh; o"kZ ds vUr esa dEiuh dh fLFkfr dk ,oa leh{kk/khu o"kZ ds fy;s dEiuh ds ykHk gkfu dk lgh ,oa vkSfpR;iw.kZ fooj.k nsrs gSA

l½ funs'kdks us dEiuh vf/kfu;e] 2013 ds izko/kkuksa ds vuqlkj mfpr ys[kk fjdkMksa ds j[k&j[kko] dEiuh dh ifjlEifÙk;ksa dh lqj{kk rFkk fdlh Hkh vfu;ferrk ,oa Ny diV dks idM+us rFkk cpko ds fy;s iwjh ,oa leqfpr lko/kkuh cjrh gSA

n½ fun's kdks us okf"kdZ [kkrs pkyw dEiuh ds :i ea s cuk;s x;s gAS

;½ ,d lwphc) dEiuh ds ekeys esa funsZ'kd ;g vk'oLr djrs gS fd dEiuh vkrafjd foÙkh; fu;=a.k dk i;kZIr :i ls vuqlj.k djrh gS ,oa vkSj ;g izHkkoh <ax ls dke dj jgh gSA

j½ funsZ'kdks us lHkh ykxw dkuwuksa ds izko/kkuksa dh vuqikyuk dks lqfuf'pr djus ds fy, ,d mfpr dk;Ziz.kkyh rS;kj dh gS tks izHkkoh <ax ls dk;Z dj jgh gSA

¼14½ jktHkk"kk dk;kZUo;u%&

jktHkk'kk vf/kfu;e 1963 ds izko/kkuksa ,oa ljdkj dh uhfr;ks dh iw.kZ ikyuk gsrqfgUnh fnol] lIrkg o i[kokM+k izfro"kZ euk;k tkrk gSA ftlesa fgUnh dk;Z'kkyk;sa o fofHkUu izdkj ds fgUnh izfr;ksfxrk,a tSls%& fgUnh fucU/k] vuqokn] Kku xaxk fgUnh Jqfrys[k bR;kfn vk;ksftr fd, tkrs gSA bl dk;Z'kkyk esa mRÑ"V fgUnh bLrseky djus okys dks iqjLÑr

21


Celebration of Rajbhasha Hindi Pakhwada

Celebration of Vigilance Awarenes week

22


are conducted and best performers are awarded. During ththis year “Hindi Pakhwada” was celebrated from 14

thSeptember 2016 to 28 September 2016.

15. V I G I L A N C E D E PA R T M E N T A C T I V I T I E S & ACHIEVEMENTS:

Vigilance is considered to be an integral part of the Management function. Shri D. P. Srivastava, ISS, was

thin additional charge as CVO, FAGMIL from 8 July 2013 stto 21 December 2016. Dr. Kavitha Gotru, Director

(FA), Department of Fertilizers has resumed the s tadditional charge of CVO, FAGMIL w.e.f. 21

December 2016. She provides direction, guidance and supervision over all the vigilance related activities of the Company. Manager (Vigilance) is assisting Chief Vigilance Ofcer.

The Company has adopted preventive vigilance as the main theme. The stress is on transparency and accountability in the working of the Company. Vigilance Notice Boards have been installed in all ofces/mines displaying the address and telephone numbers of the Chairman & Managing Director, Chief Vigilance Ofcer and Central Vigilance Commission along with e-mail IDs, who can be approached for complaints of corruption.

Agreed List and List of Ofcers of Doubtful Integrity for the year 2016-17 were prepared. A total of 31 surprise and regular inspections were carried out during the nancial year 2016-2017. On the basis of ndings of inspections and scrutinies, important suggestions were given to the Management for remedial action. A total of 45 vigilance clearances were accorded during this nancial year and 37 APRs were scrutinized.

To sensitize the employees about vigilance, Vigilance Calendar was prepared and 05 workshops were conducted at Mines / Jodhpur ofce.

The management has been advised for update Financial Handbook at the earliest.

In consonance with the directives of Central Vigilance Commission, “Vigilance Awareness Period –2016” was observed from 31.10.2016 to 05.11.2016 at the Registered Ofce and all the Area Ofces / Mines of the Company.

fd;k tkrk gSA o"kZ ds nkSjku 14 flrEcj 2016 ls 28 flrEcj 2016 rd fgUnh i[kokM+k vk;ksftr fd;k x;kA

¼15½ lrZdrk foHkkx dh xfrfof/k;ka ,oa miyfC/k;k¡

lrdZ rk foHkkx lia .w kZ icz U/kdh; fØ;k fof/k dk ,d egRoi.w kZ vxa gAS Jh Mh-ih-JhokLro] vkb]Z ,l] ,l] 8 tyq kbZ 2013 ls 21 fnlEcj 2016 rd e[q ; lrdrZ k vf/kdkjh] vfrfjDr iHz kkj] Qxs fey ds :i ea s FkAs Mk0W dfork xkFs k:] fun's kd ¼foÙk ,oa y[s kk½] mojZ d foHkkx us fnukda 21 fnlEcj 2016 ls e[q ; lrdrZ k vf/kdkjh ds :i ea s vfrfjDr dk;HZ kkj xgz .k fd;kA os dia uh dh lHkh lrdrZ k lca fa /kr xfrfof/k;ka s ij fun'Zs k] ekxnZ 'kuZ ,oa i;oZ {s k.k inz ku djrh gAS bu dk;ka Z s ea s icz /a kd ¼lrdrZ k½ e[q ; lrdrZ k vf/kdkjh dh lgk;rk djrh gAS

dEiuh us lrZdrk fuokj.k viuk eq[; fo"k; viuk;k gS ftlesa dh dEiuh }kjk ikjnf'kZrk ,oa tokcnsgh ij vf/kd Hkkj fn;k x;k gSA dEiuh ds v/;{k ,oa izcU/k funs'kd] eq[; lrZdrk vf/kdkjh] dsUnzh; lrZdrk vk;ksx dk fooj.k] muds irs o VsyhQksu uaEcj rFkk bZ&esy vkbZ-Mh-lfgr ,d fooj.k ifêdk lHkh dk;kZy;ks ,oa [kkuksa esa n'kZuh; LFkkuksa ij yxk;h xbZ gS] ftuls fd Hkz"Vkpkj ds laEcU/k esa f'kdk;r dh tk ldrh gSA

o"kZ 2016&17 ds nkSjku lafnX/k pfj= ¼bZeku½ okys deZpkfj;ksa dh lwph rS;kj dh xbZ ,oa fu;fer tk¡pks ds vfrfjDr dqy 31 vkdfLed tk¡ps dh xbZA Nkuchu o tk¡p ds nkSjku izkIr egRoiw.kZ lq>koks dks vkSipkfjd dk;Z gsrq izcU/ku dks lkSis x;sA o"kZ ds nkSjku dqy 45 vkKki= fn;s x;s o 37 ,-ih-vkj- dh Nkuchu dh xbZA

deZpkfj;ksa dks lrZdrk dh vksj vkSj vf/kd laosnu'khy cukus ds fy, lrZdrk dSys.Mj cuk;k x;k ,oa [kkuksa o dk;kZy;ksa ,oa eq[; dk;kZy; tks/kiqj esa 5 dk;Z'kkyk, vk;ksftr dh xbZA

izca/ku dks tYn ls tYn foÙkh; fooj.k iqfLrdk ds uohuhdj.k dh lykg nh x;h gSA

lrZdrk foHkkx us HkrhZ@inksUufr fu;eksa ,oa foÙkh; fooj.k iqfLrdk ds uouhdj.k dh lykg nhAftlesa ls HkrhZ@inksUufr fu;eksa dks blh o"kZ dEiuh us v|ru fd;k gSA dsUnzh; lrZdrk vk;ksx ds fn'kkfunsZ'kkuqlkj] lrZdrk tkx:drk lIrkg&2016 dks fnuakd% 31-10-2016 ls 05-11-2016 rd dEiuh ds iathÑr dk;kZy; o lHkh [kkuksa esa euk;k x;kA

23


16. REPORT ON CORPORATE GOVERNANCE: Company's Philosophy on Corporate Governance:

FAGMIL is committed to continue its efforts towards raising the standards in Corporate Governance and also review its procedure and system constantly in order to keep pace with fast changing environment in the country. Therefore the company always complies with the provisions of Corporate Governance Guidelines 2010 issued by DPE. The quarterly and yearly reports are also submitted within time to DPE through DOF. In compliance with the provisions, the Government has appointed Prof. C.V.R. Murty and Shri Sunil Singhi as Independent Directors on the Board of the company.

* Board of Directors:

a. The Board of Directors along with its committees provides leadership and guidance to Company's management and directly supervises & controls the performance of the Company. The Board of Directors presently comprises 5 members. Out of which one is Chairman & Managing Director, 2 are part time ofcial directors and rest 2 are non-ofcial directors. During the year under review ve board meetings were organized viz. 06.05.16, 09.06.16, 09.09.16, 07.11.16 and 20.01.17. The maximum gap between two Board Meetings has not exceeded 4 months.

b. Audit Committee:

The Audit Committee is one of the main pillars of the corporate governance system in companies charged with the principal oversight of nancial reporting and disclosure. The Audit Committee aims to enhance the condence in the integrity of the company's nancial reports and announcements, the internal control processes and procedures and the risk management systems. There are four members in Audit Committee. To review the working of the company during the nancial year under review four meetings of the audit committee have been held viz. 06.05.2016, 09.06.2016, 09.09.2016 and 20.01.2017.

Terms of reference of Audit Committee: As per DPE guidelines on Corporate Governance dated 14.05.2010.

c. Attendance at various meetings:

The Composition of Board, Audit Committee & attendance thereat during the nancial year & attendance at last Annual General Meeting are as follows:

¼16½ fuxfer iz'kklu ij izfrosnu% fuxfer 'kklu ij dEiuh ds n'kZu%

fuxfer iz'kklu ds Lrj dks Å¡pk mBkus o ns'k esa rsth ls cnyrs gq, okrkoj.k ds lkFk rkyesy cuk;s j[kus ds fy, dEiuh vius iz.kkyh ,oa izfØ;k dh yxkrkj leh{kk djrh jgrh gSA blfy;s daiuh ges'kk yksd m|e foHkkx ¼Mh ih bZ½ }kjk tkjh fd;s x;s fuxfer iz'kklu fn'kkfunsZ'k 2010 ds izko/kkuksa dk vuqikyu djrh gSA =Sekfld vkSj okf'kZd fjiksVZ Hkh le; ds Hkhrj moZjd foHkkx ds ek/;e ls yksd m|e foHkkx ¼Mh ih bZ½ dks tek djok nh tkrh gSA izko/kkuksa dk vuqikyu djus ds fy, ljdkj us daiuh ds cksMZ esa Lora= funs'kd ds :i esa izks-lh-oh- vkj ewrhZ ,oa Jh lquhy fla/kh dks fu;qDr fd;k gSA

funs'kd e.My

d- fun's kd e.My o mldh nlw jh milfefr;k¡ dEiuh ds icz U/ku dks muds drOZ ; ds fuokgZ ea s mfpr lg;kxs inz ku djrh gS ,oa dia uh ds dk;kZs ij fu;=a .k j[krh gAS oreZ ku ea sdEiuh ds fun's kd e.My ea s dyq ik¡p lnL; gAS ftles ,d v/;{k ,oa izcU/k funsf'kd egksn;k]nks v'a k dkfyd vkf/kdkfjd fun's kd ,oa 'k"s k nks xjS vkf/kdkfjd fun's kd gAS o"kZ ds nkjS ku fun's kd e.My dh ikpa lHkk;s fnuka d 06-05-2016] 09-06-16] 09-09-16] 07-11-16] 20-01-17 dks vk;kfs tr dh xbAZ buea s ls fdlh Hkh nks lHkkvks ds e/; 4 ekg ls vf/kd dk le; ugh jgkA

[k vads{k.k lfefr %

dkjiksjsV xoZusUl ds vUrZxr foÙkh; izfrosnuksa ds izdVhdj.k ,oa fujh{k.k ds lEcU/k esa ys[kk ijh{kk lfefr ,d eq[; LraEHk gSA dEiuh dh foÙkh; izfrosnuksa esa fo'okl c<+kuk] vkarfjd fu;U=.k izfØ;kvksa dks lqpk: :i ls pykuk o tksf[ke izcU/ku iz.kkyh dks ykxw djuk lfefr ds eq[; mÌs'; gksrs gSA vads{k.k lfefr esa pkj lnL; gSA dEiuh ds dk;Z dh leh{kk djus ds fy, leh{kk/khu foÙk o"kZ ds nkSjku lfefr dh pkj cSBds fnukad% 06-05-2016] 09-06-2016] 09-09-2016 ,oa 20-01-2017 dks lEiUu gqbZA

ys[kk ijh{kk lfefr ds fopkjkFkZ % fnukad 14-05-2010 dks fuxfer 'kklu ij Mh ih bZ ds fn'kk funsZ'kks ds vuqlkj A

x lHkkvkas esa mifLFkfr%

funs'kd i"kZn ,oa vads{k.k lfefr dh lajpuk o mu lHkkvksa esa lnL;ks dh mifLFkfr o okf"kZd vke lHkk essa funs'kdks dh mifLFkfr fuEu izdkj gS %

24


d. Appointments and Retirement: Prof. C.V.R. Murty and Shri Sunil Singhi have been appointed as Non-Ofcial Part time Director (Independent Director) on the Board of the company during the year 2016-17 on 21.06.16 and 30.09.16 respectively.

Dr. S. K. Das has been relieved from the post of CMD and Shri Dharam Pal, Joint Secretary, Department of Fertilizers, has been given additional charge of CMD in place of Dr. S. K. Das on 01.12.2016.

Smt. Alka Tiwari, Joint Secretary, Department of Fertilizers, has been given additional charge of CMD in place of Shri Dharam Pal on 14.06.2017.

?k- fu;qfDr ,oa lsokfuo`r% o"kZ 2016&17 ds nkjS ku ikz -s lh-oh-vkj- eFw khZ ,oa Jh luq hy fl/a kh dks Øe'k% 21-06-2016 vkjS 30-09-2016 dks dia uh ds ckMs Z ea s xjS vkf/kdkfjd v'a k dkfyd fun's kd ¼Lor=a fun's kd½ ds :i ea s fu;Dq r fd;k x;k gAS

MkW- ,l-d-s nkl dks v/;{k ,oa icz U/k fun's kd ds in ls eDq r fd;k x;k gS rFkk muds LFkku ij fnukda 01-12-2016 ls Jh /kje iky] l;a Dq r lfpo] mojZ d foHkkx dks vfrfjDr iHz kkj fn;k x;kA

lJq h vydk frokjh] l;a Dq r lfpo] mojZ d foHkkx dks fnuka d 14-06-2017 dks Jh /kje iky ds LFkku ij v/;{k ,oa icz /a k fun's kdk dk vfrfjDr iHz kkj lkiaS k x;kA Jh iHz kk'k

25


Name Designation Attend- Attend- Attend- Directorship/

ance at ance at ance at Chairmanship

BM ACM AGM in other

Companies

Smt. Alka CMD N.A. N.A. N.A. Rashtriya

Tiwari Chemicals and

Fertilizers

Limited.

Fertilizers and

Chemicals

Travancore

Limited

Shri Dharam Ex-CMD 1 N.A. N.A. National

Pal Fertilizers

Limited

Brahmputra Valley Fertilizers Corporation Limited

ICS Senegal

Dr. S. K. Das Ex-CMD 4 3 Yes Nil

Major Vikram Director 3 2 - ParadeepSingh Rana Phosphate Limited

Shri Prabhas Director N.A. N.A. N.A. Projects and Kumar Development India Limited,

Paradeep and Phosphate Limited

Shri Anilkumar Director 5 4 Yes Nil V. Patil

Prof. C.V.R. Director 1 - Yes NilMurty

Shri Sunil Director 2 N.A. N.A. NilSinghi

uke in funs'kdksa vds{k.k vke vU; dEifu;ksa dh lHkk lfefr lHkk esa esa lnL;rk@ esa lHkk esa mifLFkfr v/;{k in mifLFkfr mifLFkfr

Jherh v/;{k ,oa ykxw ykxw ykxw jk"Vªh; dsfedyvydk izcU/kd ugha ugha ugha ,.M QfVZykbtjfrokjh funs'kd fyfeVsM

QfVZykbtj ,.M dsfedy Vªkoudksj fy-

Jh /kje iwoZ v/;{k 01 ykxw ugha ykxw ugha us'kuyiky ,oa izcU/k QfVZykbtj fy- funs'kd czgkiq= oSyh QfVZykbtj dkWjiksjs'ku fy- vkbZ-lh-,l-] lsusxy

MkW- ,l- iwoZ v/;{k 04 03 gka 'kwU;ds- nkl ,oa izca/k funs'kd

ets j foØe fun's kd 03 02 & ijs knhi QkLQVs fy- flag jkuk

Jh izHkk'k funs'kd ykxw ugh aykxw ugha ykxw ugha izkstsDV ,.M dqekj MsoyiesaV bafM;k fy-

ijs knhi QkLQVs fy- Jh vfuy funs'kd 05 04 gkW 'kwU;dqekj oh- ikVhy

izks-lh-oh- funs'kd 01 & gkW 'kwU;vkj- ewFkhZ

Jh lquhy funs'kd 02 ykxw ugha ykxw ugha 'kwU;fla/kh

Shri Prabhas Kumar, Director, Department of Fertilizers has been appointed in placed of Major Vikram Singh Rana on 23.05.2017.

e. Last AGM held on 09th September, 2016 at registered ofce, Jodhpur.

f. Whistle blower Policy/ Vigil Mechanism

As per section 177(9) of Companies Act, 2013 and DPE Guidelines on Corporate Governance dated 14.05.2010, Our Company has “Whistle Blower Policy” for employees to report to management about instances of unethical behaviour, actual or suspected fraud or violation of the Company's code of conduct or ethics policy. No personnel of the Company have been denied access to the Audit Committee.

g. Nomination and Remuneration and Stake holders' Committee:

Being a Government Company and having status of Private Limited Company, section 178 of Companies Act 2013 is not applicable. However the Company has remuneration committee comprising of 1 Independent Director, 2 Government Directors, General Manager and Dy. Manager (F) for deciding the amount of PRP payable to employees. During the year one meeting of remuneration committee was held on 06.05.2016.

Further, the entire share capital is held by President of India therefore no stakeholder's committee is required.

h. CSR Committee:

Under Section 135 (2) of the Companies Act, 2013 and Corporate Soc ia l Respons ib i l i t ies and S u s t a i n a b l e D e v e l o p m e n t guidelines 2014, every company is required to have 2 tier CSR committee. Therefore in compliance with guidelines, the company has board level & below board level committees. The detailed reports have been given in annexure-1 & MDAR section.

i. Remuneration to Directors:

As per clause 5.6 of Corporate Guidelines 2010 issued

by DPE, During the year Dr. S. K. Das, Ex-CMD drew

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N- lkekftd nkf;Ro lfefr % dEiuh vf/kfu;e 2013 dh /kkjk

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t- funs'kdks dk ifjJfed %

dkjiksjsV xoZusal fn'kk funsZ'k&2010 ds micU/k 5-6 ds

26


Sh. S.S. Shekhawat, GM receieving second Price of

DoF's Hindi Salahakar Samiti for the year 2016-17 from

Hon'ble Minister Chemicals & Fertilizers for FAGMIL

total remuneration of Rs. 29,00,226/- comprising of Basic, DA, HRA, Professional Development allowance, Medical, Canteen, EL, LTC, PRP, Medical reimbursement, Contribution to PF, Uniform& Pension and other Income.

j. A certicate of compliance of Corporate Governance norms is attached at annexure-2

k. Means of communication:

Annual Financial Results are posted on Company's website www.fagmil.nic.in

17. Disclosures:

The company has not granted any loan or given guarantee for any loan or made any investment u/s 186 of Act which are required to be disclosed u/s 134(3)(g) of the Companies Act.

There were no related party transactions u/s 188 of Act, 2013 that may have a potential conict with the interests of Company and which are required to be disclosed u/s 134(3)(h) of the Act.

There was no case of non-compliance of statutory provisions of the Companies Act, 2013 or any other statutory authority. These authorities have not passed any strictures or imposed any penalty on the Company on any matter during last three years which are required to be disclosed u/s 134(3)(q) of the Act.

The company is not having subsidiary under Rule 8 (iv) of Companies Accounts Rule 2014 the reports of which are required to be disclosed u/s 134(3)(q) of the Act.

The Company has not taken any deposit from its member under Rule 8 (v) of Companies Accounts Rule 2014 which are required to be disclosed u/s 134(3)(q) of the Act.

No cases of sexual harassment of women at work place were reported during the year under Sexual Harassment of women at Workplace (Prevention, prohibition and Redressal) Act 2013.

The company has obtained the declaration from its Board Members and senior management ofcials that they have received, read and understood the Code of Business Conduct and Ethics for Board Members and Senior Management and afrmed that they had complied with and has not violated any of the provisions

stof the Code during the year ended 31 March 2017.

18. AUDITORS:

U/s 139(5) of the Act, the Comptroller & Auditor General

of India (CAG), vide order dated 04.08.2016, appointed

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r- lapkj ds ek/;e %

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dEiuh vf/kfu;e 2013 dh /kkjk 188 ds varxZr dEiuh us fdlh Hkh lEcfU/kr ikVhZ ls ,slk ysu&nsu ugha fd;k gS ftlls dEiuh ds fgrksa dks uqdlku igqWaps vkSj ftldk izdVhdj.k 134¼3½¼h½ ds varxZr fd;k tk;sA

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¼18½ vdsa{k.k % vf/kfu;e dh /kkjk 139¼5½ ds vUrxZr Hkkjr ds fu;a=d

27


28


M/s Mertia Daga & Associates, Chartered Accountant,

Jodhpur as statutory auditors of your Company for the

year 2016-17 and they have scrutinized the accounts for

the year 2016-17 and submitted the draft audit report

which is annexed separately herewith.

There are no adverse remarks in auditors' report, on

which comments of Directors are required to be

furnished u/s 134(3) and (4) of the Act.

Comments of the Comptroller & Auditor General of India

under section 143(6) of the Companies Act, 2013 is

given at annexure-3 to the Directors' Report.

19. MAINTENANCE OF COST RECORDS:

According to the provisions of section 148 (1) of the Companies Act, 2013 and Rule-3 of, the Companies (Cost Records and Audit) Rules- 2014, the company kept books of accounts relating to utilization of material, labour and other items of cost as applicable to our mining company.

20. ACKNOWLEDGEMENT:

Your Directors are grateful to the Government of India particularly the Department of Fertilizers, Ministry of Chemical & Fertilizers & Ministry of Mines, for their continued co-operation, support and guidance in effective management of Company's affairs and resources.

Your directors also place on record the appreciation received from State Governments of Rajasthan, Indian Railways, its vendors and various customers, bankers, during the year and look forward to continuance of this mutually supportive relation in future.

The Directors also convey their thanks to the Statutory Auditors M/s Mertia Daga & Associates and the Comptroller & Auditor General of India for their valued co-operation.

Your directors also wish to express their appreciation to all the members of FAGMIL family, whose dedication, hard work and co-operation have made it possible for the Company to show its performance.

For & on behalf of the Board of Directors

(Alka Tiwari) Chairperson & Managing Director

Date: 27.06.2017Place: New Delhi

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dEiuh vf/kfu;e 2013 dh /kkjk 143¼6½ ds varxZr Hkkjr

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¼20½ vkHkkj izn'kZu %

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Sd/-

vuqcU/k&I

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cksMZ Lrj dh lfefr cksMZ ls uhps ds Lrj dh lfefr

3- fiNys rhu o"kksZ dk vkSlr 'kq) ykHk fuEu izdkj gS%&

o"kZ dj iwoZ ykHk :- yk[k esa

2013&14

:- 5481.742014&15

:- 4499.29

Annexure-I

Annual report on Corporate Social Respon-sibilities Activities

1. A brief policy outline of the company's Corporate Social Responsibilities including overview of projects or programs being undertaken and proposed to be undertaken and a reference to the web-link to the CSR policy and projects or programs.

l Drinking Water facilityl Educationl Health and Family Welfarel Building of Roads, Pathways and Bridgesl Setting up of skill development centersl Electricity facilityl Construction of community centers/ Night shelters/ old age homes.

2. The composition of the CSR committee.

Shri S. S. Shekhawat, GMShri D. K. Arora, DGM(M)Shri R. Senthil Kumar, DGM (T)Shri D. S. Shukla, DM(Accounts)Shri A.K. Jain, SM (M)

Board Level Committee Below Board Level Committee

Shri Prabhas Kumar, Director Shri Anilkumar V.Patil, DirectorSmt. Alka Tiwari, CMDProf. Challa Venkata RamanaMurty, Director

3. Average net profit of the company for last three financial years.

Year PBT Amout in Rs./Lakh

4. Prescribed CSR Expenditure (two per cent, of

the amount as in item 3 above): Provisions has

been made of Rs. 101.10 Lakh.

5. Details of CSR spent during the financial year:

Rs. 101.12 Lakh

(a) Total amount to be spent for the financial year: Rs. 101.10 lakh as per Companies Act, 2013

(b) Amount unspent, if any: NA

4499.29

5183.17

5481.74

2013-14

2014-15

2015-16

4- vf/kfu;e ds vUrxZr lh ,l vkj ;kstukvksa ij lEHkkfor O;; ¼mi;qZDr dk 2%½ o"kZ ds nkSjku ̀ 101-10 yk[k dk izko/kku cuk;k x;k gSA

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c- v{k; jkf'k ¼;fn dkbs ½Z ] 'kUw ;

29


Jh ,l-,l- 'ks[kkor] egkizcU/kdJh Mh-ds- vjksM+k] miegkizcU/kd ¼[kuu½Jh lsfUFky dqekj] miegkizcU/kd ¼rduhdh½Jh Mh- ,l- 'kqDyk] miizcU/kd¼ys[kk½Jh ,-ds- tSu] ofj0 izcU/kd ¼[kuu½

Jh izHkk'k dqekj] funs'kdJh vfuy dqekj oh- ikVhy] funs'kdlqJh vydk frokjh] lh ,e Mh ,oa v-iz- funs'kdizks-lh-oh-vkj- ewFkhZ] funs'kd

:- 5183.172015&16

1- o"kZ ds nkSjku [kpZ dh xbZ jkf'k dk fooj.k % C. Manner in which the amount spent during the financial year is detailed below.

S.No.

lh-,l-vkj-ifj;kstuk

vuqlqph VII ds vuqlkj ifj;kstukdk {ks=

Projects or programs(1) Local area or other(2) Specify the stateand district where

projects or a programwas undertaken.

ifj;kstuk 1- LFkkuh;;k vU; 2- ifj;kstukfØ;kUo;u dk jkT;

o ftyk

Amount OutLay (Budget)

Project orPrograms

Wise

okf"kZd ctVifj;kstuk ,oadk;ZØe okj

Cumulativeexpenditure

upto thereportingperiod.

leh{kk/khuvof/k rdlap;h O;;

Amount Spent onthe projects or

programs Sub-heads1. Direct Exp. on

projects or programs2. Overhead (Rs.)

Ø-la-

CSR Projector activityidentified.

Sector inwhich theProject isCovered

under Sch. VII

O;; dh jkf'kizR;{k vFkok

fØ;kUo;u ,tsUlhds ek/;e ls

AmountSpent :

Direct or through

implementingagency

ifj;kstuk ij dk;ZØeksaij [kpZ dh xbZ jkf'k ¼1½ ifj;kstukvksa ij izR;{kO;; ¼2½ vizR;{kO;; ¼`½

1

* Give details of implementing agency :

6. In case the company has failed to spend the two per cent of the average net prot of the last three nancial years or any part thereof, the company shall provide the reasons for not spending the amount in its Board report.

7. A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the company.

We hereby declare that implementation and monitoring of CSR activities are in compliance with CSR objectives and policy of the company.

dk;kZUo;u ,tsalh dk C;kSjk %

6- ;fn dEiuh vius rhu foÙkh; o"kksZ ds vkSlr 'kq) ykHk dk nks izfr'kr lh-,l-vkj- enksa ij O;; djus esa vlQy jgrh gS rks mls funs'kd e.My ds izfrosnu esa dkj.k lfgr n'kkZuk gksxkA

7- lh,lvkj uhfr ,oa mÌs'; ds vUrZxr lh ,l vkj xfrfof/k;ksa ds mfpr fØ;kUo;u esa lfefr ds lnL;ks dk dFku %

;g mn~?kksf"kr fd;k tkrk gS fd lh-,l-vkj- xfrfof/k;ksa dk lapkyu o fujh{k.k dEiuh ds lh-,l-vkj- mÌs';ksa ,oa uhfr;ksa ds vUrxZr fd;k tk jgk gSA

30

Total Amountdqy jkf'k


Sd/-[Person specied under clause (d)of sub-section (1) of section 380 of the

Act] (wherever applicable)

Sd/-(Chief Executive

Ofcer or Managing Director or Director)

Sd/-(Chairman CSR

Committee)

g@&¼eq[; dk;Zdkjh vf/kdkjh��vFkok izcU/k funs'kdk½

�

g@&¼vf/kfu;e dh /kkjk 380 ¼1½ ¼d½ esa of.kZr O;fDr½

g@&lh ,l vkj lfefr

¼v/;{k½��

2

3

4

5

6

Making available safe Drinking Water

Contribution to Swachh Bharat Kosh

Promotion of Education

Ensuring environment sustainability-Providing solar Electricity

Contribution to NSDF

Restoration of building and sites of historical importance

Clause-i

Clause-i

Clause-ii

Clause-iv

Clause-vii

Clause-x

[k.M&(i)

[k.M&(i)

[k.M&(ii)

[k.M&(iv)

[k.M&(vii)

[k.M&(x)

ihus ;ksX; lqjf{kr ikuh miyC/k djokus gsrq

LoPN Hkkjr dks'k esa ;ksxnku

Jhxaxkuxj] tks/kiqj] tSlyesj] fcdkusj] ckMesj

Hkkjr ljdkj

f'k{kk dks c<+kok

i; k Z o j . k h; f L F k f jr k lqfuf'pr djuk lk Sj fctyh eqgS;k djkuk

Direct Expenditure

Direct Expenditure

Direct Expenditure

Direct Expenditure

Direct Expenditure

Through Gram Panchayat

6,41,676

15,00,000

33,51,148

13,53,000

5,00,000

27,65,985

10111809

Sriganganagr, Jodhpur, Jaisalmer Bikaner, Barmer

Government of India

Sriganganagr

Government of India

Jaisalmer

Sriganganagr, Jodhpur, Jaisalmer Bikaner.Jhxaxkuxj] tks/kiqj] tSlyesj] fcdkusj

Hkkjr ljdkj

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tSlyesj

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izR;{k O;;

izR;{k O;;

izR;{k O;;

izR;{k O;;

izR;{k O;;

izR;{k O;;}kjk xzke iapk;r

Annexure-II

Corporate Governance Compliance Certificate

The MembersFCI Aravali Gypsum and Minerals India LimitedMangu Singh Razvi Marg, Paota B Road,Jodhpur

We have examined all relevant records for the purpose of compliance of Corporate Governance norms of FCI ARAVALI GYPSUM AND MINERALS INDIA LIMITED for the year ended on 31st March 2017.

The compliance condition of Corporate Governance is the responsibility of the management. Our examination was limited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the nancial statements of the company.

In my opinion and to the best of our information and according to the explanations given to us, we certify that the Company has complied with the conditions of Corporate Governance as stipulated and mentioned in the Guidelines on Corporate Governance for Central Public Sector Enterprises 2010.

We further state that such compliance is neither an assurance as to the future viability of the Company nor the efciency or effectiveness with which the management has conducted the affairs of the Company.

For Pramod Kumar SharmaPracticing Company Secretaries

(Pramod Kumar Sharma)FCS:-5461

C.P. No.-4911Place: New DelhiDate: 27.06.2017

vuqcU/k&II

fuxfer 'kklu dk vuqikyu izek.k i=

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gekjh jk; o gesa fn, x, Li"Vhdj.k ds vuqlkj] ge ;g izekf.kr djrs gS fd dEiuh us dsUnzh; lkoZtfud {ks= ds m|eks ds fy, lkoZtfud m|e foHkkx }kjk fuxfer iz'kklu ij fn'kkfunsZ'kks dh vuqikyuk dh gSA

ge vkxs ;g Hkh O;Dr djrs gSa fd mi;qZDr vuqikyu Hkfo"; ds O;ogZrk ds fy, u rks vk'oklu gSa vkSj u gh Hkfo"; esa bldh n{krk dks izLrqr djrk gSa ftlds vk/kkj ij dEiuh ds izcU/ku us dk;Zdykiksa dks lapkfyr fd;k gSaA

izeksn dqekj 'kekZ¼dEiuh lfpo½

lnL;rk la[;k%5461lh ih ua- 4911

fnukad % 27 twu] 2017LFkku % ubZ fnYyh

31


Annexure-III

Comments of the Comptroller and Auditor General of India under section 143(6) (b) of the Companies Act, 2013 on the Financial Statement of FCI Aravali Gypsum and India Limited for the year ended 31st March, 2017.

The preparation of nancial statement of FCI Aravali Gypsum and Minerals India Limited for the year ended

st31 March 2017 in accordance with the nancial reporting framework prescribed under Companies Act, 2013 is the responsibility of the management of the company. The statutory auditor appointed by the Comptroller and auditor General of India under section 139(5) of the Act is responsible for expressing opinion on the nancial statements under section 143 of the Act based on independent audit in accordance with the Standards on Auditing prescribed under section 143(10) of the Act. This is stated to have been done by them vide their audit report

thdated 27 June, 2017.

I, on behalf of Comptroller and Auditor General of India have decided not to conduct the supplementary audit of the nancial statements of FCI Aravali Gypsum &

stMinerals India Limited for the year ended 31 March, 2017 u/s 143 (6) (a) of the Act.

(Nandna Mushi)

For and on behalf of the Comptroller and Auditor General of India

Director General of Commercial Audit &Ex-Ofcio Member, Audit Board-II

New Delhi.

Place: New DelhiDate: 07.08.2017

vuqcU/k&III

,QlhvkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsM ds 31 ekpZ] 2017 dks lekIr o"kZ ds fy, ys[kksa ij Hkkjr ds fu;U=d ,oa egkys[kk ijh{kd dh dEiuh vf/kfu;e &2013 dh /kkjk 143¼6½¼b½ ds vUrxZr fVIi.kh

dEiuh vf/kfu;e 2013 ds vUrxZr izpfyr foÙkh; izfrosnu dk;Z lajpuk ds vuqlkj 31 ekpZ 2017 dks lekIr gksus okys o"kZ ds fy, foÙkh; fooj.k dks rS;kj djuk dEiuh izcU/ku dk nkf;Ro gSaA vf/kfu;e /kkjk 139¼5½ ds vUrxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd }kjk fu;qDr lafof/kd ys[kk ijh{kdksa dk mÙkjnkf;Ro] /kkjk 143¼10½ esa fufnZ"V vads{k.k ekudksa ds vuqlkj] fu"i{k ys[kk ijh{kk ds vk/kkj ij vius fopkj O;Dr djuk gSA ftldks fd fnukad 27 twu] 2017 ds ys[kk ijh{kk fjiksVZ ds vUrxZr muds }kjk crk;k x;k gS fd mUgksus ;g dk;Z iw.kZ dj fy;k gSaA

eSausa Hkkjr ds fu;U=d ,oa egkys[kk ijh{kd dh vksj ls ,QlhvkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsMds 31 ekpZ] 2017 dks lekIr gksus okys o"kZ ds fy, rS;kj ys[kksa ds varZxr vuqiwjd ys[kk ugha djus dk fu.kZ; fd;k gSA

¼ uanuk eaq'kh ½

Hkkjr ds fu;U=d ,oa egkys[kk ijh{kd ds fy, ,oa dh vksj ls

egkfuns'kd okf.kT; ys[kk ijh{kk ,oa insu lnL; ys[kk cksMZ&AA] ubZ fnYyh

fnukad% 07-08-2017LFkku% ubZ fnYyh

32


Annexure-IV

Form No. MGT-9

Extract of Annual Return

for the year ended on 31.03.2017

Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12 (1) of the Companies

(Management and Administration) Rules, 2014.

1. Registration and other details

i. CIN: U14105RJ2003GOI018093

ii. Registration date: 14.02.2003

iii. Name of the Company: FCI Aravali Gypsum and

Minerals India Limited

iv. Category/ Sub category of the company: Private Limited

Company

v. Address of the registered office and contact details:

Mangu Singh Razvi Marg, Paota B Road, Jodhpur

vi. Whether Listed Company Yes/ No: No

vii. Name, address and contact details of Registrar and

Transfer Agent: Not applicable

2. Principal business activities of the company: All the business activities contributing 10% or more of the total turnover of the company shall be stated:-

vuqcU/k&IV

QkeZ ua-&,e-th-Vh&931-03-2017 dks lekIr gksus okys o"kZ ds

fy, okf"kZd fooj.kh

dEiuh vf/kfu;e 2013 dh /kkjk 92¼3½ ,oa

dEiuh ¼izca/ku vkSj iz'kklu½ fu;eu 2014 ds vuqlkj

1- iathdj.k vkSj vU; fooj.k%&

i. fuxe igpku la[;k% U14105 RJ 2003 GOI 018093

ii. iathdj.k fnukad% 14 Qjojh] 2013

iii. dEiuh dk uke% ,QlhvkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsM

iv. dEiuh dh Js.kh@mioxZ% izkbosV fyfeVsM dEiuh

v. eq[; dk;kZy; dk irk rFkk nwjHkk"k fooj.k%& ekaxw flag jktoh ekxZ] ikoVk ch jksM+] tks/kiqj

vi. lwfpc) dEiuh gkWa@ugha% ugha

vii. jftLVªkj vkSj VªkalQj ,tsaV dk uke@irk@nwjHkk"k fooj.k%& ykxw ugha

2- dEiuh dh eq[; O;kolkf;d xfrfof/k;kWa%& dEiuh dh dqy O;kolkf;d xfrfof/k;ksa ds vUrxZr 10 izfr'kr ;k vf/kd dk ;ksxnku djus okyh xfrfof/k;k¡%&

Ø-la-eq[; mRikn@lsokvksadk uke @ fooj.k

mRikn@lsokvksa dk,uvkbZlh dksM

dEiuh ds dqydkjksckj dk izfr'kr

1- ftIlu 25201010 100 izfr'kr

S.No.NIC code of the

products services% to total turnover

of the company

1.

Gypsum 25201010 100%

3. Particulars of holding, subsidiary and associate companies.

3- dEiuh dh fu;a=d] lgk;d rFkk lg;ksxh dEiuh dk fooj.k %&

Ø-la-

ugha ykxw

dEiuh dkuke o irk

CIN/GLNfu;a=d lgk;drFkk lg;ksxha va'k izfr'kr ykxw /kkjk,sa

Name and Descriptionof Main Products/

service

CIN/GLN

NIL

S.No.Holding

subsidiary and

associate

% of shares

held

Applicable

section

Name &

Address of

the Company

33


1

No. of Shares held at thebeginning of the year

No. of Shares heldat the end of the year

Category ofShareholders

'ks;j/kkjdksa dhJs.kh

o"kZ ds izkjEHk esa /kkfjr va'kksadh la[;k

Ø-la-S.

No.

o"kZ ds vUr esa/kkfjr va'kksa dh la[;k

Mh-eSV

Demat

HkkSfrdPhysical

dqyTotal

dqy va'kks dk izfr'kr% of Total

Shares

Mh-eSV

Demat

HkkSfrdPhysical

dqyTotal

dqy va'kksdk izfr'kr% of Total

Shares

v-A

1-

[k

x

?k

M+

p

da

b

c

d

e

f

Hkkjrh;Indian

O;fDr@,p-;w-,Q-Individuals / HUF

laLFkkidPromotors

dsUæh; ljdkj

jkT; ljdkj

fuxfer fudk;

cSad@foÙkh; laLFkku

vU; mi&dqy ¼d½ ¼1½

Central Government

State Government

Bodies Corporate

Bank/FIs

Any Other Subtotal A(1)

2- fons'khForeign

d ,u-vkj-vkbZ- O;fDrNRIs-Individualsa

[k vU; O;fDrOther-Individualsb

x fuxfer fudk;Body Corporate(s)c

?k cSad@,Q vkbZ foÙkh; la[;kBanks / FId

M+e

vU; mi&dqy ¼d½¼2½Any Other Subtotal (A)(2)

------ --- --- ------

------ --- --- ------

------ --- --- ------

------ --- --- ------

---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

7329800 7329800 7329800 1007329800

---

------ --- --- ------ ---

------ --- --- ------ ---

---

---

---

---7329800 7329800 7329800 1007329800 100

100

4. Shareholding Pattern (Equity share capital break-up as percentage of total equity)

i. Category-wise shareholding:

4- va'k/kkfjr fooj.k ¼dqy lkekU; va'kks ds vk/kkj ij lkekU; va'k iwath dk vyx&vyx fooj.k½

i. Js.kh okj fgLlsnkjh

34

o"kZ ds nkSjkuifjoZru¼izfr'kr½

% changeduring

theYear

---

---

---

---

---

---

---

---

---

---

---

---

---

---


35

v

A

laLFkkidksa dh dqy va'k/kkfjrk d ¼1½$¼2½Total Shareholdingof promoters A=A(1)+A(2)

Public Sharedoldingc lkoZtfud fgLlsnkjh

laLFkku

E;wP;wvy Q.M

cSad@foÙkh; laLFkku

dsUæh; ljdkj

jkT; ljdkj

mn~;e iwath fu/kh

chek daiuh

foÙkh; laLFkku

fons'kh mn~e; iwath dks"k

vU; mi dqy c ¼1½

B

Institution(s)

Mutual Funds

Bank / FI

Central Government

State Government

Venture Capital Funds

Insurance Companies

FIIS

Foreign Venture Capital Fund

Other (Specify) Subtotal B(1)

2 xSj laLFkkuNon Institutional

fuxfer fudk; Body Corporate(s)

Hkkjrh;Indian

fons'khOverseas

No. of Shares held at thebeginning of the year

No. of Shares heldat the end of the year

Category ofShareholders

'ks;j/kkjdksa dhJs.kh

o"kZ ds izkjEHk esa /kkfjrdh la[;k

Ø-la-S.

No.

o"kZ ds vUr esa/kkfjr dh la[;k

Mh-eSV

Demat

HkkSfrdPhysical

dqyTotal

dqy va'kks dk izfr'kr% of Total

Shares

Mh-eSV

Demat

HkkSfrdPhysical

dqyTotal

dqy va'kksdk izfr'kr% of Total

Shares

------ --- --- ------

------ --- --- ------

------ --- --- ------

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

--- --- --- --- --- --- ---

---

---

---

---

---

---

---

---

---

---

---

--- ------ --- --- ------ ---

---

---

---

o"kZ ds nkSjkuizfr'krifjoZru

% changeduring

theYear

---

---

---

---

---

---

---

---

---

---

--- 7329800 7329800 100 --- 7329800 7329800 100 ---

--- --- --- --- --- --- ------ ---

--- --- --- --- --- --- ------ ---

--- --- --- --- --- --- ------ ---

--- --- --- --- --- --- --- ---

------ --- --- ------ --- ---


1

d

[k

x

?k

M-

p

N

t

[k

d

x

O;fDr

1 yk[k :- rd va'k/kkjdksa}kjk /kkfjr ukfer iwath

vU; Other

dqy lkoZtfud v'ka/kkfjrk c¾c ¼1½$c ¼2½

dqy ;ksx ¼v$c$l½G. Total (A + B + C)

thMhvkj vkSj ,-Mh-vkj-ds }kjk /kkfjr va'kShares held bycustodian forGDRs and ADRs

Total sharedoldingof public B=B(1)+B(2)

l

C

Subtotal B(2)

1 yk[k :- ls vf/kd rdva'k/kkjdksa }kjk /kkfjrukfer iwathIndividual shareholdersholding nominal sharecapital in excess of Rs.1 Lakh

Individual shareholders

holding nominal share

capital up to Rs. 1 Lakh

Individual---

---

---

---

---

---

---

---

---

---

---

---

---

7329800

---

---

---

---

---

---

7329800

---

---

---

---

---

---

100

---

---

---

---

---

---

---

---

---

---

---

---

7329800

---

---

---

---

---

---

100

---

---

---

---

---

---

7329800

ii. Shareholding of promotersii. laLFkkidksa dh fgLlsnkjh

Ø-la- va'k/kkjddk uke

o"kZ dh izkjEHk esafgLlsnkjh

o"kZ ds var esafgLlsnkjh

o"kZ eas ifjorZudk izfr'kr

Hkkjr dsjk"Vªifr1- 7329800 100 0 001007329800

v'kksadh

la[;k

dEiuhdkdqyva'k%

HkkjxzLrfxjohva'kksadk%

va'kksadh

la[;k

dEiuhdkdqyv'ka%

HkkjxzLrfxjohva'kksadk%

o"kZ esafgLlsnkjh

esaifjorZu

S.No.Shareholder's

NameShareholding at thebeginning of the year

Shareholding atthe end of the year

% Change

during the year

1.Presidentof India

7329800 100 0 7329800 100 0 0

No.

of S

hare

s

% o

f tot

al s

hare

s of

the

com

pany

% o

f sha

res

pled

ged/

encu

mbe

red

to to

tal

No.

of S

hare

s

% o

f tot

al s

hare

s of

the

com

pany

% o

f sha

res

pled

ged/

encu

mbe

red

to to

tal

In s

hare

hold

ing

duri

ng th

e ye

ar

36

---

---

---

---

---

---

---


?k

mi dqy c ¼2½

--- --- --- --- --- --- --- --- ---

---

iii. Change in promoter's Shareholding (Please specify, if there is no change)

iv. Shareholding Pattern of top ten shareholders

(Other than Directors, Promoters and holders of

GDRs and ADRs)

S.No.Shareholder's Name

Shareholding at thebeginning of the year

Cumulative Shareholdingduring the year

7329800

7329800

100

100

100

100

7329800

7329800

1. At the beginning of the year

No. ofShares

% of total sharesof the Company


No. ofShares

At the end of the year

Date wise increase/Decreasein promoters shareholdingduring the year specifyingthe reasons for increase/decrease (e.g. allotment/transfer/bonus/sweat equityetc.)

S.No. For each of the

Top Ten

Shareholders


No. ofShares



No. ofShares


At the beginning of the year



1.

iii. laLFkkidksa dh va'k/kkfjrk esa ifjorZu ¼;fn dksbZ ifjorZu gks rks d`i;k fooj.k fn;k tk,s½

Ø-la- o"kZ dh 'kq:vkr esa va'k/kkjh o"kZ esa lap;h va'k/kkjh

iv. 'kh"kZ nl v'ka/kkjdksa dh v'ka/kkfjrk dk fooj.k ¼funs'kdksa] laLFkkidksa vkSj thMhvkj ,oa ,-Mh-vkj- /kkjdks ds vykok½

1- o"kZ ds vkjEHk esa 7329800

7329800

100

100

100

100

7329800

7329800

laLFkkidksa dh o"kZ dsnk Sjku ¼vko aVu@LFkkuk arj.k@ck sulLosVbafDoVh vkfn½ dsdkj.k gqbZ o`f)@dehdk frfFkokj fooj.k

o"kZ ds var esa

va'kksa dhla[;k

dEiuh dsdqy v'ka %

va'kksa dhla[;k

dEiuh dsdqy v'ka %

v'ka /kkjd dk uke

v. funs'kdkas vkSj izeq[k izca/kdh; dfeZ;kas dh fgLlsnkjh

Ø-la- 'kh"kZ nl va'k/kkjdksaesa ls izR;sd ds fy,

o"kZ esa lap;hv'ka/kkfjrk

o"kZ ds izkjEHk esava'k/kkfjrk

1 o"kZ ds izkjEHk esa

o"kZ ds nkSjku frfFk okj/kkjdksa dh v'ka/kkfjrkesa ¼[email protected]@LosVbafDoVhvkfn½ ds dkj.k gqbZo`f)@deh dk fooj.k

o"kZ ds vUr esa

va'kksa dhla[;k

dEiuh dsdqy v'ka %

dEiuh dsdqy v'ka %

va'kksa dhla[;k

Ø-la- izR;sd funs'kd ,oaizcU/k dfeZ;ksa dk

o"kZ esa lap;h v'ka/kkfjrko"kZ ds izkjEHk esa va'k/kkfjrk

1 o"kZ ds izkjEHk esa

o"kZ ds vUr esa

va'kksa dhla[;k

dEiuh dsdqy v'ka %

dEiuh dsdqy v'ka %

va'kksa dhla[;k

o"kZ ds nkSjku frfFkokj /kkjdksadh v'ka/kkfjrk esa ¼[email protected] cksul@LosVbafDoVhvkfn½ ds dkj.k gqbZ o`f)@dehdk fooj.k

v. Shareholding of Directors and Key Managerial Personnel

S.No.For each of the

Director

& KMP


No. ofShares



No. ofShares


At the beginning of the year1.



37


5- _.k dEiuh ij cdk;k@mikftZr C;kt lfgr _.k

foÙkh; o"kZ dsizkjEHk _.k

lqjf{kr _.ktek dksNksM+dj

vlqjf{kr _.k

tek dqy _.k

i. eq[; jkf'kii. C;ktcdk;k ysfduHkqxrku ughafd;kiii. C;kt ns;ysfdu cdk;kugha

dqy ¼i+ii+iii½

fofÙk; o"kZ esa_.k ifjorZul o`f)l deh'kq) ifjorZu

foÙkh; o"kZ dsvUr esa _.k

i. eq[; jkf'kii. C;ktcdk;k ysfduHkqxrku ughafd;kiii. C;kt ns;ysfdu cdk;kugha

funs'kdks ,oa izeq[k izca/kdh; dfeZ;ks dk ikfjJfedi. izca/kd funs'[email protected] funs'kdksa o izca/kdks dk ikfjJfed

Ø-la- ikfjJfed dkfooj.k

izca/kd funs'[email protected] funs'kdksao izca/kdksa ds uke

dqy jkf'k

MkW- ,l- ds- nkl¼v/;{k ,oa izca/kfuns'kd½

1- dqy osruv- vk;dj vf/kfu;e

5. Indebtness : Indebtness of the company including interest outstanding/ accrued but not due for payment.

SecuredLoans

excludingdeposits

UnsecuredLoans

Deposits TotalIndebtness

Indebtness atthe beginningof the Financialyeari. Principal Amountii. Interest due but not paidiii. Interest accrued but not due

NIL NIL NIL NIL

Total (i+ii+iii)

Change inIndebtnessduring thefinancialyear l Addition l Reduction

Indebtness atthe end of thefinancial yeari. Principal Amountii. Interest due but not paidiii. Interest accrued but not due

Net Change

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

6. Remuneration of Directors and Key Managerial Personnel

i. Remuneration to Managing Director, Whole Time Directors and/ or Manager :

S.No. Particulars ofRemuneration

Name of MD/WTD/Manager

Dr. S.K. Das(CMD)

Total Amount

1. Gross Salarya. Salary as per

38


1961 dh /kkjk 17¼1½ds vUrxZr osruc- vk;dj vf/kfu;e1961 dh /kkjk 17¼2½ds vUrxZr vuqykHkl- vk;dj vf/kfu;e1961 dh /kkjk 17¼3½ds vUrxZr osru ds,ot esa ykHk

LVkWd vkWI'ku2

LosV bfDoVh3

deh'ku& ykHk ij %

& vU;

4

2897226

&&&

&&&

2897226

&&&

&&&

dqy ¼A½

vU; ;fndksbZ gks rks

5

2900226 2900226

vf/kfu;e ds vUrxZrmPpÙke lhek

&&& &&&

&&& &&&

&&&&&&&&&

&&&&&&&&&

3000

ii. vU; funsZ'kdksa dk ikfjJfed

1-

2-

Lora= funsZ'kdv cksMZ lfefr esa Hkkx

ysus ds fy, 'kqYdv

v deh'kuv vU;

vU; xSj&dk;Zdkjhfuns'kdv cksMZ lfefr esa Hkkx

ysus ds fy, 'kqYdv

v deh'kuv vU;

Ø-la-ikfjJfed dk fooj.k funs'kdksa dk uke dqy jkf'k

dqy ¼1½

dqy ¼2½

dqy ¼1$2½

dqy izca/kdh; ikfjJfed

vf/kdre ds rgr mPpre lhek

3000

provisions containedin section 17(1) ofthe Income TaxAct, 1961b. Value of perquisitesu/s 17(2) or the incometax Act, 1961c. Profit in Lieu of salaryu/s 17(3) of the incomeTax Act, 1961

Stock Option

Sweat Equity

2

3

Commission - As % of profit - other (Specify)

4

5 Other, Please specify(Own arrangement)

Total (A)

Ceilingas per Act

2897226

--

--

--

--

--

--

2900226

2897226

--

--

--

--

--

--

2900226

ii. Remuneration to other Directors.

S.No. Particulars of Remuneration Name Directors Total Amount

1. Independent Directors

v Fee for attending

Board/Committeev

v Commission

v Other, Please specify

Total (1)

2. Other Non-Executive

Directors

v Fee for attending

Board/Committeev

v Commission

v Other, Please specify

Total (2)

Total (1+2)

Total Managerial Remuneration

Ceiling as per act

3000 3000

NIL NIL

NIL NIL

NIL NIL

NIL NIL

NIL NIL

NIL NIL

NIL NIL

39


ykxw ugha ykxw ugha

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

N.A. N.A.

Ø-la- izeq[k izca/kdh; dkfeZd

iii. izeq[k izca/kdh; dfeZ;ks dk ifjJfed izca/kdh; funsZ'kdks@izca/[email protected] funs'kdks dks NksM+dj

&&&

&&& &&&

&&& &&&

eq[; dk;Zdkjh vf/kdkjh dEiuh lfpo eq[; foÙkh; vf/kdkjh dqy ;ksx

&&& &&&

&&& &&&

1-

2- &&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

&&&

3-

4-

5-

iii. Remuneration to KMP other than MD / Manager / WTD

S.No. Particulars of remuneration

Key managerial personnel

CEO Company Secretary CFO Total

40


1030880 37636242732744

1032005 37714992739494

1125 78756750

dqy osruGross Salary

v- vk;dj vf/kfu;e 1961 dh /kkjk 17¼1½ ds vUrxZr osru

a. Salary as per provisionscontained in section a.

17(1) of the Income. Tax Act, 1961a.

c- vk;dj vf/kfu;e 1961 dh /kkjk 17¼2½ ds vUrxZr vuqykHk

b.Value of perquisites u/s 17(2) of the IncomeTax Act,1961

l- vk;dj vf/kfu;e 1961 dh /kkjk 17¼3½ ds vUrxZr osru ds ,ot esa ykHk

c. Profit in Lieu of salary . u/s 17(3) of the Income . Tax Act, 1961

LVkWd dk fodYiStock Option

LosV bfDoVhSweat Equity

deh'ku Commission

&& ykHk ij - As% of Porfit

&& vU; - Other (Specify)

vU; ;fn gks rksOther (Please Specify)

dqy Total

c- funs'kd

l- vU; nks"kh vf/kdkjh

n.M

n.M

ltk

ltk

le>kSrk

le>kSrk

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

&&

B. Directors

C. Other Officer in default

Penalty

Penalty

Punishment

Punishment

Compounding

Compounding

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

41


7. dEiuh ij yxk;k x;k n.M bR;kfn

izdkj dEiuhvf/kfu;edh /kkjk

laf{kIrfooj.k

n.M@ltkds vUrxZr

'kqYd

vf/kdkjh(RDN, CLTCOU, RT)

vihy ;fndh gksfooj.k

v- dEiuh

n.M

ltk

le>kSrk

&& && && && &&

&& && && && &&

&& && && && &&

7. Penalties/ Punishment/ Compounding of Offences

Type

A. Company

Penalty

Punishment

Section ofthe

CompaniesAct

BriefDescription

Details ofpenalty/

Punishment/compoundingfees imposed

Authority(RD/NCT/COU/RT)

Appealmade if

any (givedetails)

Compounding

NIL NIL NIL NIL NIL

NIL NIL NIL NIL NIL

NIL NIL NIL NIL NIL

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Introduction

The company FCI Aravali Gypsum & Minerals India limited (FAGMIL) was established in 2003 as a result of demerger from Fertilizer Corporation of India Limited (FCIL). Earlier the company was a unit of FCIL known as Jodhpur Mining Organization (JMO) which was engaged in mining of mineral gypsum for captive use in Sindri Unit. After demerger FAGMIL continued its operation of mining and marketing of mineral gypsum as cement grade and agriculture grade.

Mineral Gypsum is used mainly as a sulphur nutrient to the soil and for reclamation of sodic soil to make it fertile and also as an input raw-material in cement manufacturing. Over the years it reclaimed lacs of acres land in UP, Punjab, Haryana and Rajasthan.

Industry Structure & Development

During the year under review the company has responded to challenges by enhancing the customer focus and tried its best to expand its business by procuring protable orders through efcient sales and prompt delivery. But because of depression in Infrastructure sector, imported gypsum and supplies from Private Players cement Industries are lifting less material. Nevertheless, the company is optimistic about the long term opportunities while at the same time meeting the short term challenges. However there are many challenges that still need to be met.

There is a requirement of about 40 LMT per year mineral gypsum in Rajasthan which are fullled by your company, RSMML and other private parties. During the year 2016-17, RSMML produced and sold 8.99 LMT and 9.19 LMT respectively whereas our company have been able to produce and sale 5.82 LMT and 5.64 LMT respectively. This shows that both Government companies are having 37.02% and 37.08% of market share in terms of production and sales respectively.

Strength, Weakness, Opportunities and threats

Strength

The gypsum market has been witnessing an upward growth trend for past few years. The research study on use of gypsum has raised the demand and opened the market in new states also. New mines can mitigate the demand and

izcU/k ppkZ ,oa fo'ys"k.k fjiksVZ

izLrkouk

QfVZykbtj dkjiksjs'ku vkWQ bf.M;k ds fo?kVu ds QyLo:i o"kZ 2003 esa ,QlhvkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsM dh LFkkiuk dh xbZA blls igys dEiuh ,Q-lh-vkbZ dh ,d ;wfuV tks/kiqj [kuu laLFkku ¼ts-,e-vks-½ds :i esa dk;Zjr Fkh ftldk izeq[k dk;Z ftIle dk [kuu djds mls nksckjk mi;ksx ds fy, flUnjh ;wfuV Hkstuk FkkA ,Q-lh-vkbZ ls fo?kVu ds i'pkr~ dEiuh ¼Qsxfey½ us Ñf"k ;ksX; ,oa lhesaV xzsM ftIle ds [kuu o foi.ku dk dk;Z tkjh j[kkA

[kfut ftIle dk iz;ksx eq[;r% ikS/kks es lYQj rRo ds iks"k.k gsrq] e`nk ds iquZ:}kj gsrq o lhesaV m|ksxks esa lhesaV ds fuekZ.k dk;Z esa fd;k tkrk gSaA chrs dbZ o"kksZ esa dEiuh us mÙkj izns'k] iatkc o jktLFkku esa yk[kksa ,dM+ Hkwfe dk iquZ:)kj fd;k gSSaA

vkS|ksfxd lajpuk ,oa fodkl

vkykPs ; o"kZ ds nkjS ku dEiuh us xkz gd dUs nhz ;rk]mudhl[a ;k foLrkj dh dkfs 'k'k] fofHkUu ykHk nk;d vkn's kka s dks c<k+ us ,oa 'kh?kz forj.k ds }kjk vkus okyh fofHkUu puq kfS r;ka s dk lkeuk fd;k gAaS yfs du cfq u;knh <kpa k {k=s ea s volkn dh otg ls ,oa vk;kfrr ftIle rFkk futh ikfV;ka s }kjk vkifw rZ djus lls heVas m|kxs de lkexhz mBk jgs gAS vYidkfyd puq kfS r;ka s dk lkekuk djrs g,q dEiuh yEch vof/k ds voljka s ds ckjs ea s Hkh vk'kkoknh gAaS gkykfa d blds ckotnw mls vHkh dbZ puq kfS r;k dk lkeuk djuk gAaS

Hkkjr es yxHkx 40 yk[k eS0Vu ftIle dh vko';drk gksrh gSa ftldks dh vkidh dEiuh vkSj vkj-,l-,e-,e-,y- ,oa vU; futh ikfVZ;k feydj iwjk djrh gSaA o"kZ 2016&17 ds nkSjku vkj-,l-,e-,e-,y- us 8-99 yk[k eS0Vu dk mRiknu o 9-19 yk[k eS0Vu ftIle dk foØ; fd;kA tc fd gekjh dEiuh us 5-82 yk[k eS0Vu dk mRiknu o 5-64 yk[k eS0Vu ftIle dk foØ; fd;kA tksfd ;g n'kkZrk gS fd gekjh dEiuh dk mRiknu o foØ; dks ekdsZV 'ks;j 37-02 izfr'kr o 37-08 izfr'kr gSA

'kfDr] v'kfDr] volj o vfu"V

'kfDr %

ftIle dk cktkj fiNys dqN o"kksZ esa Åij dh vksj o`f) dk lk{kh jgk gSaA,d 'kks/k v/;;u us ftIle dh ekax dks ubZ jkg nh gSa vkSj u;s jkT;ksa esa Hkh blds fy;s cktkj [kksyk gSaA ubZ [kkuksa dh izkfIr ls

42


supply gap. Your company being a CPSE under the Ministry of Chemical and Fertilizers also carries on the mandate of the achieving Government's goal of becoming self-sufcient in producing the fertilizers.

Apart from that nancial strength i.e. high net worth, zero debt, good work culture, brand image of quality product and core competence in gypsum mining are the more stars in strengths of the company.

Weakness

Remote location and depletion of the mines, inconsistence quality of the product and Government Policies are acting as deterrent in attracting and retaining the talent. Constraints in applying for new gypsum mining leases and delay in forest and environmental clearance affect the time schedule.

Opportunities

The gypsum industry has been the potential for reasonable growth in the recent years because of great demand in agriculture and cement sector but the depletion of gypsum in some mines could results in lesser the production giving a competitive edge to importers and illegal mine owners. However new mining leases could mitigate this risk to some extent.

The company is continuously working towards its long term standing vision of developing the production capacity by manufacturing of phosphoric fertilizers i.e. SSP. Apart from that the Company also intends to diversify its mining activities into the eld of other minerals like Lime Stone, Dolomite, Rock Phosphate etc.

Threats

Apart from the above weakness the Government's mining policies, Imported Gypsum, delay & risk in diversication Plan and competition from small POP factories are the major threats to the company.

As a mining company it is subject to the extensive regulations surrounding health, safety and environmental issues. However the company tries best to full all the requirements of the statutory obligations.

ekax vkSj vkiwfrZ ds vUrj dks de djus esa enn fey ldrh gSaA jlk;u vkSj moZjd ea=ky; ds v/khu gksus ds dkj.k dEiuh dk eq[; y{; Hkkjr ljdkj ds eq[; y{; moZjd mRiknu esa vkRefuHkZj cuus dks iwjk djuk gSA

mijksDr ds vfrfjDr mPp fuoy ewY;] 'kwU; _.k] vPNh dk;Z laLd`fr vkSj mRiknu dh czkaM Nfo,oa ftIle [kuu dh ;ksX;rk dEiuh dh eq[; 'kfDr;ka gSaA

v'kfDr

nwjLr LFkkuksa ij mifLFkr [kkus xq.koÙkk dh folaxfr;k] ftIle ds dks"k esa deh vkSj mfpr izfrHkk dks vkdf"kZr u djus dh {kerk dEiuh dh izeq[k v'kfDr;ka gSaA u;s [kuu iV~Vsa izkIr djus ds fy, ck/kk,a o ou i;kZoj.k eatwjh esa nsjh bR;kfn dEiuh ds mRiknu ,oa le; lwph dks izHkkfor djrsa gSaA

volj

Ñf"k ,oa lhesaV {ks=ksa esa ekax ds dkj.k fiNys dqN o"kkZs esa ftIle ,oa blesa ikmMj m|ksx dk mfpr nj ls fodkl gqvk gSa] ijUrq ?kVrs gq, ftIle dks"kksa dh otg ls dEiuh dks vk;rdksa ,oa voS/k [knku ekfydksa ls O;kikfjd izfrLi/kkZ dk lkeuk djuk iM+ jgk gSaA gkykafd u;s [kuu iV~Vs dqN lhek rd bl tksf[ke dks de dj ldrs gSaA

dEiuh us vius nh?kZdkyhu y{; dh iwfrZ gsrq QkLQksfjd moZjd ,l ,l ih ds mRiknu dk fu.kZ; fy;k gSa] ftlds fy;s og yxkrkj vxzlj gSaA mi;qZDr ds vfrfjDr dEiuh vU; [kfutks tSls pwuk iRFkj] MksyksekbV] jkd QkLQsV ds [kuu ds }kjk viuh xfrfof/k;ksa esa fofo/krk ykus dks bPNqd gSA

vfu"V

mijksDr v'kfDr;ksads vfrfjDr ljdkj dh [kuu uhfr;ka]vk;frr ftIle] fofof/kdj.k ;kstukvksa esa nsjh ,oa ih-vks-ih dkj[kkus ls izfr;ksfxrk] dEiuh dh izeq[k vfu"V;ka gSaA

,d [kuu dEiuh ds :i esa ;g LokLF; lqj{kk vkSj i;kZoj.k eqn~nksa ds v/khu gSa] blds ckotwn dEiuh vius lHkh dkuwuh nkf;Roksa vkSj vko';drkvksa dks iwjk djus dh dksf'k'k djrh gSaA

43


Outlook for the future;

Keeping in view of demand and supply, the company has increased its capacity from10.75 LMT to 12.25 LMT during last two years. As a part of business transformation exercise, it has also chalked out the plan for increasing the sales turnover by establishing the SSP unit at Chittorgarh, Rajasthan. Apart from above, the company is also exploring the potential future in extraction of potash from feldspar. The preliminary research on economic viability for extraction of potash from feldspar is under process. If it is found good, this would bring great success in the path of company's diversication process.

Risk and concerns;

Future results including work program plan and schedule will be affected by change in market conditions especially from cement industries, regulatory developments and quality & quantity of material. The business of mining activity is highly speculative. There cannot be any perfect assurance towards quality and quantity (reserve) found in any mines. However your company continues to believe that managing risk is critical for its growth and sustenance. As such your company prepared a risk management plan for mitigation of controllable risk and lowering the impact of uncontrollable risk and monitoring the performance of the company keeping the view of both.

By its notication dated 10.02.2015, Central Government categorized the gypsum under minor mineral as against major mineral and thus it has come under the control of State Government. Government of Rajasthan has opened up the Gypsum for all miners as against State PSUs only, which has brought the company at competitive edge. Further 25 gypsum and 9 other mining leases become ineligible due to MMRD Amendment Act 2015 dated 12.01.2015 which hampered the efforts of the company to increase its capacity level.

State Government has also given special power to AME/SME to grant mining lease of gypsum up to 10000 MT per year to anybody for supply to POP industries and agriculture use. This enables the others to participate in the business and deplete the customer base of the company.

Further good quality of gypsum is being imported by cement industries, which is deteriorating the market position of the company.

Hkfo"; ds fy, n`f"Vdks.k

ekxa vkjS vkifw rZ dks /;ku ea s j[krs g,q fiNys nks o'kkZ s ds nkjS ku dEiuh us viuh {kerk ea s 10-75 yk[k e0S Vu ls 12-25 yk[k e0S Vu dh c<k+ rs jh dh gAS fofof/kdj.k vkjS dkjkcs kj dh fn'kk ifjoruZ ds i;z kl ea s dEiuh us fpRrkMS x<]+ jktLFkku ea s ,l-,l-ih- Iyk.V cukus dh ;kts uk cukbZ gAS blds vfrfjDr dEiuh us QYs Ml~ ikj ls ikVs k'k dk fu"d"k.Z k djus dh lHa kkouk O;Dr dh gAS bl ifj;kts uk dh vkfFkdZ O;ogk;rZ k ls lca fU/kr vulq /a kku dk;Z fopkjk/khu gAS vxj ;g ifj;kts uk vkfFkdZ :i ls lQy gkrs h gS rks ;g dEiuh dh fofo/khdj.k dh xfrfof/k;ka s ea s ,d lQy dne gkxs kA

'kadk vkSj O;kikfjd vfHk:fp

lheVas m|kxs ks ds gkykr eas ifjorZu] fofu;ked fodkl] lkexzh dh xq.koÙkk vkSj ek=k eas ifjorZu] dEiuh dh Hkfo"; dh ;kts ukvkas dks izHkkfor dj ldrk gSAa [kuu xfrfof/k;kas dk dkjkcs kj cgqr vf/kd dYiuk 'khy gSAa ogka ik;s tkus okys fdlh Hkh [kkukas eas ek=k ,oa xq.koÙkk dk lgh vk'oklu ugha fd;k tk ldrkA blds ckotnw dEiuh vius fodkl vkSj cktkj eas cus jgus ds fy, tkfs [ke izcU/ku dh uhfr;kas eas fo'okl j[krh gSAa bl rjg dEiuh us tkfs [ke ds 'keu ds fy;s ,d tkfs [ke izcU/ku ;kts uk rS;kj dh gSa ftleas dh fu;U=.kh; tkfs [ke dks gVk;k tkrk gSa vkSj vfu;U=.kh; tkfs [ke ds izHkko dks de fd;k tkrk gSAa

dsUnz ljdkj us vius vf/klwpuk fnukad% 10-02-2015 ds }kjk ftIle dks fuEu Js.kh ds [kfutks dh Js.kh esa LFkkukUrfjr dj fn;k gS] bl izdkj ;g jkT; ljdkj ds fu;a=.k esa vk x;kA jktLFkku ljdkj us ftIle ds [kuu dk dk;Z lHkh yksxks d vukjf{kr dj fn;k gS tks igys dsoy dsUnz@jkT; ljdkj ds miØeksa ds fy, vkjf{kr Fkk blls dEiuh dks izfrLi/kkZ dk lkeuk djuk iM+ jgk gSA blds vfrfjDr,e-,e-vkj-Mh ¼la'kksf/kr½ vf/kfu;e 2015 ds ykxw gksus ds dkj.k dEiuh dh 25 ftIle o 9 vU; [kfutksa dh [kkus jí gks x;h] blls fofo/khdj.k o {kerk o/kZu dh fn'kk esa dEiuh dks /kDdk yxk gSA

jktLFkku jkT; ljdkj us vius lgk;d@ofj'B [kuu~~ vfHk;Urkvks dks vU; O;fDr;ks dks 10]000 eS0Vu izfr o"kZ ftIle ds [kuu~~ vf/kdkj dks LohÑr djus dk vf/kdkj ns fn;k gS] ftldh otg ls dEiuh ds xzkgdks esa deh vk jgh gSA

blds vfrfjDr fofHkUu lhesaV fuekZrkvks ds }kjk mPp xq.koRrk okys ftIle dk vk;kr fd;k tk jgk gS ftldh otg ls Hkh dEiuh dh cktkj dh fLFkfr detksj gks jgh gSA

44


Recently, Government of Rajasthan has published Rajasthan Minor Mineral Concession Rules, 2017

th(RMMCR) on 28 February 2017 under which it has increased dead rent by 15 times in new Rajasthan Minor Minerals Concession Rules. Presently the company has 16 mining lease of 1947.66 ha, on which minimum of Rs. 5.84 crore is payable as dead rent.

Apart from that one time refundable mines security deposit equal to one fourth of dead rent and performance security equal to dead rent for existing mines is applicable. Additionally a non-refundable, premium charges equal to 2.5 times of dead rent is also payable every year for new mines.

The Rules also requires that if company intends to mine gypsum from private land then it has to either acquire the land or take the prior registered consent of land owner within a period of three months from the date of commencement of Rules, failing which the application shall be rejected and all sum paid will be forfeited.

The company has requested through Department of Fertilizers to Ministry of Mines for reserving the block of SMS grade Lime Stone, Dolomite, Rock Phosphate. Central/ State Governments are also intending to reserve few blocks of above mentioned minerals for PSUs only.

Internal control systems and their adequacy;

Your company has well established internal control system

with nature and size of its operation. Management is

responsible for establishing and maintaining the controlled

environment. Internal Auditor also plays a role in a system

of internal controls by performing evaluations and making

recommendations for improved controls. Internal audit

function of your company has been entrusted to well

experience person. The internal audit reports submitted by

the auditor are discussed with Chairman & Managing

Director at rst instance and then submitted to the Audit

committee for its review, analysis and advice to further

strengthen the internal control system covering all material

controls, nancial controls, compliance and risk

management system.

Action taken reports on observations of auditor on internal audit report are regularly submitted to Audit Committee.

gky gh esa jktLFkku ljdkj }kjk fnuakd% 28-02-2017 dks jktLFkku y?kq [kfut fj;k;rh fu;e 2017 ¼vkj ,e ,e lh vkj½ izdkf'kr fd;k x;k gSA ftlds vUrxZr u;s jktLFkku y?kq [kfut fj;k;rh fu;e esa vfuok;Z fdjk;s esa 15 xquk dh c<+ksrjh dh x;h gSA orZeku esa dEiuh ds ikl 1947-66 gsDVs;j ds 16 [kuu iV~Vs gS] ftl ij de ls de ̀ 5-84 djksM+ vfuok;Z fdjk;k ns; gSA

blds vykok] ,d ckj ykSVk;k tkus ;ksX; izfrns; [kku lqj{kk tek tks fd vfuok;Z fdjk;s dk ,d pkSFkkbZ gS rFkk ekStwnk [kkuksa ds fy;s vfuok;Z fdjk;s ds cjkcj izn'kZu lqj{kk jkf'k ykxw gSA

blds vfrfjDr u;s [kkuksa ds fy, vfuok;Z fdjk;s ds 2-5 xquk ds cjkcj izheh;e 'kqYd izfro'kZ xSj okilh ;ksX; ds :i esa ns; gksxkA fu;eks ds vUrxZr ;g Hkh vko';d gS fd vxj dEiuh futh tehu ls ftIle [kuu djus dh bPNk j[krh gS] rks og ;k rks Hkwfe vf/kxzg.k djsa ;k fu;eks ds vkjaHk ds rhu ekg dh vof/k ds Hkhrj tehu ds ekfyd dh iwoZ iathÑr lgefr ys] vU;Fkk vkosnu vLohdkj dj fn;k tk,xk vkSj Hkqxrku dh xbZ lEiw.kZ jkf'k Hkh tCr dj yh tk,xhA

dEiuh us moZjd foHkkx ds ek/;e ls [kku ea=ky; esa ,l ,e ,l xzsM pwuk iRFkj] MksyksekbV] jkWd QkLQsV ds CykWd dks vkjf{kr djus dk vuqjks/k fd;k gS] dsUnzh;@jkT; ljdkj Hkh mijksDr [kfutks ds dqN CykWdks dks ih ,l ;w ds fy, vkjf{kr djus dk fopkj dj jgh gSA

vkarfjd fu;a=.k iz.kkyh vkSj mldh i;kZIrrk

dEiuh esa blds izÑfr vkSj vkdkj ds vuqlkj lqO;fLFkr vkUrfjd fu;U=.k iz.kkyh gSaA izca/ku okrkoj.k dks LFkkfir djus ,oa fu;af=r cuk, j[kus ds fy, ftEesnkj gSA vkUrfjd ys[kk ijh{kd Hkh csgrj ewY;kadu izn'kZu vkSj flQkfj'kksa ds ek/;e ls vkarfjd fu;=a.k iz.kkyh esa ,d Hkwfedk fuHkkrs gSA vkidh dEiuh dh vkrafjd ys[kk izfØ;k dk dk;Z vuqHkoh O;fDr;ksa dks lkSik x;k gSA vkUrfjd ys[kk ijh{k.k fjiksVZ ij loZizFke v/;{k ,oa izcU/k funs'kd egksn; ls fopkj foe'kZ fd;k tkrk gSaA rnqijkar vads{k.k lfefr ds le{k leh{kk] fo'ys"k.k] lykg vkSj vkUrfjd fu;U=.k iz.kkyh dks etcwr cukus ds fy, izLrqr fd;k tkrk gSaA ftlesa fd lkexzh fu;U=.k] foÙk fu;U=.k] vuqikyu] tksf[ke izcU/ku iz.kkyh vkfn 'kkfey gksrh gSaA

vkUrfjd ys[kk ijh{k.k fjiksVZ ij vads{kd dh fVIif.k;ka fu;fer :i ls lfefr dks izLrqr dh tkrh gSaA

45


Analysis of finances and operations;

Details on nancial and physical performance are given in

Directors report.

Human resources, industrial relation and talent

management issues;

Details on Human resources, industrial relation and talent

management issues are given in Directors report.

E n v i r o n m e n t a l c o n s e r v a t i o n , S u s t a i n a b l e

Development, renewal use of energy and R& D issue;

E n v i r o n m e n t a l c o n s e r v a t i o n , S u s t a i n a b l e

Development, renewal use of energy

The company is committed towards protection of environment and it is reected in all its activities, product and services, providing safe and healthy working environment to all stakeholders. Strict compliance with safety rules and procedures is ensured in all the mines and a close monitoring is made in this regard. In conformity with this concern for environment, the company is also committed to sustainable development with environment friendly projects forming part of MOU with administrative ministry. The Company is regularly giving water to sapling planted nearby mines to develop the green belt. The Company has installed an environment monitoring system to measure the level of noise, water & air pollution. At different interval of time, the environment status is measured and constant efforts are made to control the pollution. The Company commissioned the water sprinkling system to control & suppress the dust. Apart from the above, periodically medical check-ups are conducted for employees engaged at mines sites. Mined out land are rehabilitated for cultivation by plantation of saplings.

The employees and casual labours both have been provided with safety equipment like helmet, safety shoes, goggles, dust-mask etc. The electric/ oil hazardous mining area have been provided with re extinguishers systems, siren system in case of emergency. Mohangarh Mines has been equipped with ambulance for the employees in case of emergency.

R&D issues

The company does not have in house research and development facility but time to time it undertakes the job of

foÙkh; vkSj HkkSfrd izn'kZu ij fo'ys"k.k

foÙkh; vkSj HkkSfrd izn'kZu ij fo'ys"k.k funs'kdksa ds izfrosnu esa fn;s x;s gSaA

ekuo lalk/ku] vkS|ksfxd izcU/ku vkSj izfrHkk izcU/ku

ekuo lalk/ku] vkS|ksfxd izcU/ku vkSj izfrHkk izcU/ku ds fooj.k funs'kdksa ds izfrosnu esa fn;s x;s gSaA

i;kZoj.k laj{k.k] lrr fodkl] ÅtkZ uohuhdj.k ,oa mi;ksx vkSj vuqla/kku ,oa fodkl

i;kZoj.k laj{k.k] lrr fodkl] ÅtkZ uohuhdj.k ,oa mi;ksx vkSj vuqla/kku ,oa fodkl

dEiuh i;kZoj.k laj{k.k ds izfr izfrc) gSa vkSj ;g dEiuh dh leLr xfrfof/k;ksa] mRikn ,oa lsokvksa lsa ifjyf{kr gksrk gSa ftlesa lHkh fgr/kkjdksa dks LoLF; vkSj lqjf{kr dke dk i;kZoj.k miyC/k djk;k tkrk gSaA lHkh [kkuksa esa lqj{kk fu;eksa vkSj izfØ;kvksa dk dM+kbZ ls vuqikyu lqfuf'pr fd;k tkrk gSa vkSj bu ij bl lEcU/k esa djhc ls fuxjkuh Hkh dh tkrh gSaA bl lEcU/k esa dEiuh us iz'kklfud ea=ky; ds lkFk gLrk{kfjr le>kSrk Kkiu esa Hkh i;kZoj.k laj{k.k ls lEcfU/kr micU/kksa dk Hkh mYys[k fd;k gSaA i;kZoj.k laj{k.k] lrr fodkl ,oa ÅtkZ uohuhdj.k ,oa mi;ksx gfjr iV~~Vh dks fodkflr djus ds fy, dEiuh fu;fer :i ls [kkuks ds vkl&ikl dh txg ij ikS/kks dks ikuh nsrh gSA dEiuh us ?ofu] ty vkSj ok;q iznq"k.k ds Lrj dks ukius ds fy, ,d i;kZoj.k fuxjkuh iz.kkyh LFkkfir fd;k gSA ftlesa le; le; ij i;kZoj.k dh fLFkfr dks ekik tkrk gSa vkSj iznw"k.k dks fu;af=r djus ds fy, fujUrj iz;kl fd;s tkrs gSasA

Jfedksa dks tkx:d djus ds fy, lqj{kk lanHkZ ij le; le; ij lsfeukjksa dk vk;kstu fd;k tkrk gSa o i;kZoj.k lqj{kk lIrkg euk;k tkrk gSaA deZpkfj;ksa ,oe~ vfu;fer etnwjksa dks lqj{kk&lacU/kh midj.k tSls flL=k.k] lqj{kk twrs] /kwi ds p'ek bR;kfn miyC/k djk;s tkrsa gSaA fo/kqr@rsy tksf[keh vkikrdkyhu fLFkfr esa vkx cq>kus dk ;U= rFkk lk;ju bR;kfn [kkuksa esa miyC/k djk;s x;s gSaA eksgux<+ [kku vkikrdkyhu fLFkfr ds fy, ,Ecqysal ls l`ftr gSaA

vuqla/kku vkSj fodkl

dEiuh esa vuqla/kku vkSj fodkl dh lqfo/kk miyC/k ugha gS] ysfdu le;≤ ij ;g fofHkUu ekU;rk izkIr fo'ofo|ky;ksa@

46


research activity through various recognized universities/ Institutes. The following projects are under progress:

- Research on direct application of low grade rock

phosphate in Odisha through Agriculture University rdas a source of P in acidic soils: 3 year nal report is

expected to be received till August 2017.

- The Economic viability study on extraction of ndPotash from Feldspar: 2 year nal report received.

- Formulation of nano sized gypsum and test their

efcacy on wheat. Final report is expected to be

received by April 2018.

The country is lacking the Phosphoric and Potasic fertilizers which are essential elements for the growth of the plants. From the above mentioned R&D projects, the company, on the one hand, would be able to explore the possibility of extracting the Potash from feldsapar thereby would be able to save the valuable foreign exchange of the country and on the other hand it would be able to extend the benets derived from R&D activities to farmers by providing them phosphoric fertilizers and gypsum at low cost.

Social responsibility issues for the company (CSR)

As a part of society, the company undertakes socio

economic and community development programs to

promote education, training and improvement of living

conditions in villages located in the vicinity of the mines. For

this your company developed a CSR scheme and spends at

least 2% of its average prot last three years, every year.

This year ̀ 101.12 lakh (previous year ̀ 97.96 lakh) against

target of `101.10 Lakh was spent on promoting Education,

making available drinking water facilities, Construction of

community centres, contribution to Swachh Bharat Kosh,

National Sports Development Fund and establishing solar

power packs.

Initiatives undertaken by company:

As most of the mines of your company are located in remote

areas, therefore various steps, like primary education,

health, drinking water, etc were taken up for improving the

social conditions of people in these areas. In this regard

laLFkkvks dks fofHkUu fo"k;ksa ij vuqla/kku dk;Z lSkirh gSaA fuEu ifj;kstuk, izxfr ij gSA

& vksfM'kk esa Ñf"k fo'ofo|ky; }kjk QkLQsV ds L=ksr ds :i esa fuEu xq.koRrk okys jkWd QkLQsV dk iz;ksx ,oa vuqla/kkudk;Z ¼r`rh; o"kZ vafre fjiksV vxLr 2017 rd izkIr gksus dh mEehn gSA ½

& QsYMlikj ls iksVk'k ds fudklh ij vkfFkZd O;ogk;Zrk v/;;uA f}rh; o"kZ dh varfje fjiksVZ izkIr dj yh x;hA

& uSuksa ds vkdkj ds ftIle ,oa xsgw¡ ij mudh izHkkodkfjrk ijh{k.k ¼vafre fjiksVZ vizSy 2018 rd izkIr gksus dh mEehn gSA½

ns'k esa ikS/kksa dh o`f) ds fy, vko';d iksVk'k ,oa QkLQksfjd moZjdksa dh deh gSaA vr% mijksDr vuqla/kku dk;ksZ ls,d vkSj tgka fons'kh eqnzk dh cpr gksxh ogha nwljh vksj blls mRiUu ykHk dks ckaV dj [ksrh dh ykxr dks de fd;k tk ldrk gSA

lekt ds izfr fuxe dk nkf;Ro

lekt dk ,d vax gksus ds dkj.k dEiuh [kku lewgksa ds vkl ikl fLFkr xkaoksa esa Lo;a lgk;rk lewg }kjk f'k{kk] izf'k{k.k] jgus dh fLFkfr esa lq/kkj vkfn dk;ZØeksa dks c<+kok nsus dk iz;Ru djrh gSa] ftlls xzkeh.k fodkl gks ldsA blds fy, dEiuh us ,d lh-,l- vkj ;kstuk fodflr dh gS ftlesa izfro"kZ dj iwoZ ykHk dk 2 izfr'kr gLrkUrfjr fd;k tkrk gSA bl o"kZ y{; ̀ 101-10yk[k ds vkSlr rhu o"kkZs ds fo:) `101-12 yk[k ¼fiNys o"kZ ` 97-96 yk[k½ lh-,l-vkj- fØ;kvksa tSls ihus ;ksX; ikuh dh lqfo/kkvksa] lkeqnkf;d dsUnzks ds fuekZ.k] LoPN Hkkjr dks"k esa ;ksx nku] jk"Vªh; [ksy fodkl fuf/k esa ;ksx nku rFkk lkSj ÅtkZ iSd dh LFkkiuk ij O;; fd;s x;sA

dEiuh }kjk dh xbZ igy

dEiuh dh vf/kdÙkj [kkus nwjLFk {ks=ks esa fLFkr gSa] vr% bu {ks=ksa esa izkFkfed f'k{kk] LokLF;] is;ty] oujksi.k vkfn dh lqfo/kk miyC/k djokus o yksxks dh lekftd fLFkfr esa lq/kkj ds fy,

47


nancial assistance in form of scholarship was given to

meritorious students of SC/ST/ OBC/disabled and

sports person. The various Government schools at

Suratgarh, Ramsinghpur, Mohangarh, Bikaner and

Jodhpur were given furniture. Drinking water facilities

were made available in few Government schools of

Jodhpur, Mohangarh, Kavas, Suratgarh and

Ramsinghpur group of mines. Community Centre was

constructed at Gram Panchayat Kupli at Ramsinghpur.

2 schools of Ramsinghpur and one school of Jodhpur

were given solar power packs. Apart from above, the

company also contributed a sum of ̀ 20 lakh to National

Sports Development Fund and Swachh Bharat Kosh.

The Company also installed a mobile soil testing van for testing the soil of villages near by its mines to make the farmers aware about the type of crops which could be sown in that climatic conditions and for that what type of fertilizers are required.

iz;Ru fd;k tkrk gSaA bl lEcU/k esa vuqlwfpr tkfr@vuqlwfpr tutkfr@vU; fiNM+k oxZ o fodykax Nk=ksa vkSj f[kykfM;ksa dks Nk=o`fÙk iznku dh xbZA lwjrx<+] jkeflgiqj] eksgux<+] fcdkusj vkSj tks/kiqj ds fofHkUu ljdkjh fo|ky; dks QuhZpj fn;k x;kA tks/kiqj] eksgux<+] dokl] lwjrx<+ vkSj jkeflagiqj [kku lewgksa ds dqN ljdkjh fo|ky;ksa esa is;ty lqfo/kk,Wa Hkh miyC/k djkbZ xbZA jkeflagiqj dqiyh xzke iapk;r esa leqnkf;d dsUnz dk fuekZ.k fd;k x;kA jkeflagiqj ds 2 fo|ky;ksa ,oa tks/kiqj ds ,d fo|ky; esa lkSj ÅtkZ iSd fn;k x;k gSA blds vfrfjDr daiuh us ` 20 yk[k dh jkf'k jk"Vªh; [ksy fodkl fuf/k vkSj LoPN Hkkjr dks"k esa Hkh ;ksxnku fd;k gSA

dEiuh us vklikl ds xkaoks esa e`nk ijh{k.k ds fy, ,oa pfyr e`nk ijh{k.k iz;ksx'kkyk LFkkfir dh gS] ftlesa fdlkuks dks fofHkUu tyok;q o ifjfLFkfr;ks esa cks;s tkus okyh Qlyks vkSj mlesa iz;qDr [kknks ds ckjs esa tkudkjh nh tkrh gSA

48


INDEPENDENT AUDITORS' REPORT

To

THE MEMBERS OF FCI ARAVALI GYPSUM &

MINERALS INDIA LTD.

Report on the Financial Statements

We have audited the accompanying nancial statements of FCI ARAVALI GYPSUM & MINERALS INDIA LTD. (“the company”), which comprise the Balance Sheet as at March 31,2017, the Statement of Prot and Loss, Cash Flow Statement for the year then ended, and a summary of signicant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134 (5) of the Companies Act, 2013 (“theAct”) with respect to the preparation of these nancial statements that give a true and fair view of the nancial position, nancial performance and cash ows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specied under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal nancial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the nancial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these nancial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are

Lora= ys[kk ijh{kdksa dh izfrosnulsok esalEekfur lnL;ksa],Q lh vkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsM]tks/kiqjA

foÙkh; fooj.kks ij izfrosnu

geus ,Q lh vkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsM dh 31 ekpZ] 2017 dks lekIr gksus okys o"kZ ds foÙkh; fooj.kks ftlesa rqyui=] ykHk gkfu [kkrk] udn izokg fooj.k egRoiw.kZ ys[kkdu uhfr;k¡ ,oa vU; O;k[;kRed tkudkfj;ks 'kkfey gS] dh leh{kk dh gSA

foÙkh; fooj.kksa ds fy, izcU/ku dk nkf;Ro

/kkjk 133 ds v/khu fuxZfer ys[kk ekudks o dEiuh ¼ys[kk½ fu;eu&2014 ds fu;e&7 ds vUrxZr rS;kj fd;s x;s foRrh; fooj.kks dh fLFkfr] fu"iknu o udn izokg dh lR;rk o fu"i{krk dk nkf;Ro vf/kfu;e dh /kkjk 134 ¼5½ ds vUrxZr funs'kd e.My dk gksrk gSA bl nkf;Ro esa ys[kksa dk j[k j[kko] lEifRr;ks dh lqj{kk] /kks[kk/kMh o vU; vfu;ferkvks dk laKku o jksdFkke] mfpr ys[kk uhfr;ks dk p;u] mfpr ,oa foosdiw.kZ QSlys o vuqeku] vkUrfjd fu;U=.k iz.kkyh dh lajpuk] ykxw djuk o j[k&j[kko] ys[kks dh 'kq)rk o iw.kZrk ,oa foÙkh; fooj.kksa dh lR;rk ,oa fu"i{krk 'kkfey gSA

vads{kdks dk nkf;Ro

gekjh ftEesnkjh gekjh tkap ds vk/kkj ij bu foÙkh; fooj.kkss ij ,d jk; vfHkO;Dr djus dh gSA

geus vads{k.k djus esa vf/kfu;e ds izko/kkuks ys[kk ,oa vads{k.k

49


required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards

on Auditing specied under Section 143(10) of the Act.

Those Standards require that we comply with ethical

requirements and plan and perform the audit to obtain

reasonable assurance about whether the nancial

statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the nancial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal nancial control relevant to the Company's preparation of the nancial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.

An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the nancial statements.

We believe that the audit evidence we have obtained is sufcient and appropriate to provide a basis for our audit opinion on the nancial statements

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid nancial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2017, and its Prot and its Cash Flow for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2016(“the Order”), as amended, issued by the Central Government of India in terms of sub-section(11) of section 143 of the Act, we give in the “Annexure A” a statement on the matters specied in paragraphs 3 and 4 of the Order.

izek.kksa o vf/kfu;e ds vUrxZr fuxZfer fu;eks dk /;ku j[kk gSA

gekjh ftEesnkjh gekjh tkap ds vk/kkj ij bu foÙkh; fooj.kkss ij ,d jk; vfHkO;Dr djus dh gSA geus gekjk vads{k.k vf/kfu;e dh /kkjk 143 ¼10½ ds vUrxZr fuxfer vads{k.k izekiks ds vuq:i fd;k gSA bu izekiks ds vuqlkj uSfrd vko';drk dh vuqikyuk ds lkFk&lkFk gesa bl rjg ls vads{k.k dh ;kstuk ij dk;Z djuk iM+rk gS rkfd ge lgh :i ls vk'oLr gks lds fd foÙkh; fooj.k fdlh Hkh xyr izn'kZu ls eqDr gSA

ys[kks dh leh{kk esa foÙkh; fooj.k ls lacf/kr rF; bR;kfn dks izkIr djus dh izfØ;k;s vkfn 'kkfey gksrh gSA lgh vFkok xyr p;fur izfØ;k;s] Hkys gh og fdlh =qfV dh otg ls gks vFkok foÙkh; fooj.k esa xyr lkexzh isl djus dh otg vFkok tksf[ke fu/kkZj.k dh gks] ys[kk ijh{kdks ds QSlys ij fuHkZj djrh gSA mu tksf[keks esa fu/kkZj.k ,oa ys[kk leh{kk dks cukus esa vds{k.k foÙkh; fooj.k dh rS;kjh esa iz;qDr izklafxd vkUrfjd fu;U=.k iz.kkyh dks mi;qDr le>rk gSA

foÙkh; fooj.k dh lexz izLrqfr ds ewY;kadu esa iz;qDr ys[kkdu uhfr;ks ,oa funs'kdks }kjk ys[kks dh rdZ laxrrk dk ewY;kadu Hkh vads{k.k esa 'kkfey gksrk gSA

ge ;g fo'okl djrs gS fd leh{kk ds nkSjku izkIr ys[kk ijh{kk lk{; foÙkh; fooj.kks ij gekjh jk; O;Dr djus ds fy, mfpr ,oa i;kZIr gSA

fopkj

gekjh jk; esa o gesa nh xbZ tkudkfj;ksa o Li"Vhdj.k] vf/kfu;e ds vUrxZr ekaxh xbZ tkudkfj;ksa o Hkkjr esa lkekU;r% ykxw ys[kk ekudks ds vuqlkj mi;qZDr foÙkh; fooj.k fnukad 31 ekpZ] 2017 dks lekIr gksus okys o"kZ ds fy, dEiuh ds dk;Z dykiksa dk fooj.k] ykHk gkfu [kkrs o udn izokg fooj.k lR; o mfpr rjhds ls n'kkZ;s x;s gSA

vU; dkuwuh vkSj fu;ked vko';drkvksa ij izfrosnu

¼1½dEiuh vf/kfu;edh /kkjk 143 ¼11½ ds vUrZxr Hkkjr ljdkj }kjk fuxZfer dEiuht ¼vads{k.k fjiksZV½ vkns'k] 2016 ds iSjk 3 o 4 ds vUrxZr ekaxh x;h tkudkfj;ksa dk fooj.k lkFk gh layXu fd;k tk jgk gSA

50


2. As required by section143(3) of the Act, we report that:

a. we have sought and obtained all the information and explanations which to the best to our knowledge and belief were necessary for the purpose of our audit;

b. In our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;

c. as per the information and explanations given to us, the Company has no branch ofce(s). Hence, no requirement to consider report of branch auditor and dealt with it in preparing our report.

d. the Balance Sheet, the Statement of Prot and Loss and the Cash Flow Statement dealt with by this Report are in agreement with the books of account

e. in our opinion, the aforesaid nancial statements comply with the Accounting Standards specied under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

f. in our opinion, there is no such observation which may have adverse effect on the functioning of the company.

g. Section 164 (2) of the Act is not applicable as per notication dated 05.06.2015.

h. There is no qualication, reservation or adverse remark relating to the maintenance of accounts and other matters connected there with.

i. With respect to the adequacy of the internal nancial controls over nancial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure B”.

j. With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11of the Companies (Audit and Auditors) Rules, 2014,in our opinion and to the best of our information and according to the explanations given to us:

¼2½ vf/kfu;e dh /kkjk 143 ¼3½ ds vulq kj] ge lfw pr djrs gS fd%&

¼d½ geus os leLr lwpuk,a ,oa Li"Vhdj.k izkIr dj fy, gS tks fd vads{k.k ds mÌs'; ls gekjh iw.kZ tkudkjh ,oa fo'okl ds vk/kkj ij vko';d FksA

¼[k½ gekjh jk; esa dEiuh us ys[kksa dh mfpr iqLrdsa j[kh gqbZ gS] tks dh dkuwu ds vUrxZr vko';d gS ,oa mu iqLrdksa dh gekjh tk¡p ls izrhr gqvk gSA

¼x½ ges nh xbZ tkudkjh ,oa Li"Vhdj.k ds vuqlkj dEiuh

dh dksbZ vU; 'kk[kk ugha gS vr% ;s ykxw ugha gSA

¼/k½ rqyui=] ykHkgkfu [kkrk ,oa udn cgko fooj.k] tks bl izfrosnu esa of.kZr gS] ys[kk iqLrdksa ds vuq:i gSA

¼M+½ gekjh jk; esa mi;qZDr foÙkh; fooj.k /kkjk 133 esa of.kZr ys[kkdau izekiksa ds ,oa dEiuh ¼ys[kk½ fu;eu&2014 ds fu;e&7 d vuq:i gSA

¼p½ geus ,slk dksbZ Hkh dk;Z voyksfdr ugha fd;k gS ftlls dEiuh dh fØ;kvks ij izfrdwy izHkko iMs+A

¼N½ vf/klwpuk fnukad 05-06-2015 ds }kjk vf/kfu;e dh /kkjk 164¼2½ dEiuh ij ykxw ugha gSA

¼t½ ys[kks ds j[kj[kko o mlls lEcfU/kr fdlh Hkh izdkj dh foijhr fVIi.kh O;Dr ugh dh xbZ gSA

¼>½ dEiuh esa vkUrfjd foRrh; fu;U=.k iz.kkyh dh i;kZIrrk o izHkko'khyrk ,oa dEiuh dh foRrh; fjiksfVax lkFk gh layXu gSA

¼¥½ dEiuht ¼vads{k.k o vads{kd½ fu;eu&2014 ds fu;e &11 ,oa gekjs ikl miyC/k tkudkjh ds vuqlkj] ge ;g izekf.kr djrs gS fd%&

51


i. The Company has disclosed the impact of pending litigations on its nancial position in its nancial statements Refer-Note 26 to the nancial statements;

ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Invest or Education and Protection Fund by the Company.

iv. The Company has provided requisite disclosure in its nancial statements as to holdings as well as dealings in Specied Bank Notes during the period from 8th November, 2016 to 30th December, 2016 and these are in accordance with the books of accounts maintained by the Company.

The denomination-wise SBNs and other notes as per the notication are as follows :

3. The details as required under the directions/sub directions issued by the C&AG of India under section 143(5) of the Companies Act, 2013 are attached in Annexure I & Annexure II.

i. dEiuh us foÙkh; fooj.k ds uksV la[;k 26 esa mfYyf[kr yafcr oknks ds foÙkh; izHkkoksa dk mfpr :i ls o.kZu fd;k gSA

ii. dEiuh esa dksbZ Hkh nh/kZ dkfyd vuqcU/k vFkok MsfjosfVOl ugha gS ftlesa dEiuh dks dksbZ uqdlku gksA

iii. dEiuh ds ikl fuos'kd laj{k.k dks"k esa LFkkukrafjr dh tkus okyh dksbZ jkf'k ugh gSA

iv. dEiuh us vius foRrh; fooj.k esa 8 uoEcj ls 30 fnlacj 2016 dh vof/k ds nkSjku fof'k"V cSad uksVks esa gksfYaMXl vkSj lkSns dk vko';d izdVhdj.k fd;k gS vkSj ;s dEiuh }kjk cuk, x, [kkrks dh iqLrdks ds vuqlkj gSA

vf/klwpuk ds vuqlkj fufnZ"V cSad uksV vkSj vU; uksV fuEukuqlkj gSA

¼3½ dEiuh vf/kfu;e dh /kkjk 143¼5½ ds rgr Hkkjr ds fu;U=d ,oa egkys[kk ijh{kd }kjk tkjh fd, x;s fn'kk&funsZ'k@mifunsZ'k ls lacf/kr vko';d fooj.k

I IIvuqyXud& rFkk vuqyXud& esa layXu fd, x;s gSA

52


fooj.k fof'k"V vU; dqy cSad uksV cSad uksV

08 uoEcj] 2016 dks udn 120000 19897 139897

vuqefr izkIr izfr 0 545026 545026

vuqeksfnr Hkqxrku ¼20500½ ¼456712½ ¼477212½

cSadksa esa tek jkf'k ¼99500½ 0 ¼99500½

30 fnlEcj] 2016 dks udn 0 108211 108211

eSllZ esM+fr;k Mkxk ,.M ,lksfl,V~llunh ys[kkdkj,Q vkj ,u% 002056C

g-¼[kq'kcw Mkxk½lk>snkjlnL;rk la[;k 521175


For and on behalf ofM/s. Mertia Daga & AssociatesChartered AccountantsFRN:002056C

Sig.(Khushboo Daga)PartnerM.No. 521175

Date : 27th June 2017Place : New Delhi

Particulars SBNs* Other Deno- Total

mination notes

Closing cash in han as 120000 19897 139897on November 08, 2016

Add Permitted receipts 0 545026 545026

Less Permited payments (20500) (456712) (477212)

Less Amount Deposited (99500) 0 (99500)

in Banks

Closing cash in hand as 0 108211 108211

on December 30, 2016

Annexure-I

Directions under section 143(5) of Companies Act 2013 for the year 2016-17.

1. Whether the company has clear title/lease deeds for freehold and leasehold respectively? If not please state the area of freehold and lease hold land for which title/lease deeds are not available?

As per the opinion obtained from an Advocate appointed by the management dt. 20.06.2013, the title of 4 pieces of lands in possession of the Company are clear, the registration formalities are in process for an area of 1337.76 sq. meters situated at Plot No 175 & 176, Transport Nagar, Anganwa Village, Jodhpur (allotted by Jodhpur Development Authority).

Apart from above, following two pieces of land were acquired by the company :

1. Land admeasuring 11.01 ha in village Pandoli, Distt. Chittorgarh for installation of SSP plant. The registration formalities have been completed and the land is in possession of the company.

2. Land admeasuring 1560 sq. mtrs. at Vivek Vihar, Jodhpur allotted by Jodhpur Development Authority for construction of ofce building has been registered in the name of the company during the year 2015-16 and the land is in the possession of company.

2. Whether there are any cases of waiver/ write off of debtors/loans/interest etc., if yes, the reasons there for and amount involved.

The Company has waived/written off ̀ 1,21,219/- against debtors. There are no cases for waiver/write off of interest etc. during the year under audit.

3. Whether proper records are maintained for inventories lying with third parties & assets received as gift/grant (s) from the Govt. or other authorities.

Yes, Proper records are maintained for inventories lying with third parties. No assets were received as gift/grant(s) from Government or other authorities.

vuqyXud&I

o"kZ 2016&17 ds fy, dEiuh vf/kfu;e 2013 dh /kkjk 143¼5½ ds vUrxZr fn'kk&funsZ'k%&

¼1½ D;k lHkh ÝhgksYM vFkok iÍk'kqnk Hkwfe dk LokfeRo dEiuh ds ikl miyC/k gS ;fn ugh rks mu Hkwfe dk fooj.k fn;k tk, ftudk LokfeRo miyC/k ugha gSA

izcU/k }kjk fu;qDr odhy dh jk; ds vuqlkj dEiuh ds ikl

4 Hkwfe dk Li"V LokfeRo miyC/k gS ,oa tks/kiqj izkf/kdj.k }kjk VªkUliksVZ uxj] vkaxuok xkao esa 1337-76 oxZ eh0 vkcafVr Hkwfe dk iathdj.k izfØ;k/khu gSA

mi;qZDr ds vfrfjDr nks Hkwfe ds dEiuh }kjk izkIr dj yh xbZ gS%&

1- ,l-,l-ih-IykaV dh LFkkiuk gsrq 11-01 gsDVsvj Hkwfe i.MkSyh xkao esa fpRrkSMx<+ es Ø; dh xbZA Hkwfe dk vf/kxzg.k dj fy;k x;k gS ,oa iathdj.k izfØ;k iw.kZ dj yh xbZ gSA

2- dEiuh us tk/s kijq fodkl ikz f/kdj.k ls foods fogkj ea sdk;kyZ ; Hkou fuek.Z k ds fy, 1560 oxZ eh- Hkfw e dk vf/kxgz .k fd;k gAS o"kZ 2015&16 ds nkjS ku ita hdj.k dh ifz Ø;k;s ija w h dj yh xbZ gS ,oa Hkfw e dEiuh ds vf/kdkj ea s gAS

¼2½ D;k dEiuh }kjk fdlh Hkh izdkj dk _.k vFkok ml ij

C;kt ekQ fd;k x;k gS ;fn gka rks dkj.k o jkf'k dks Li"V fd;k tk;sA

dEiuh us ` 1]21]219@& nsunkj ds fo:) ekQ fd;k ,oa o"kZ ds nkSjku NwV dk vkSj dksbZ ekeyk laKku esa ugha vk;kA

¼3½ D;k rhljs i{k ds ikl j[kh gqbZ jgfr;ks o ljdkj ;k

vU; izkf/kdj.kksa ls izkIr migkjksa dk ys[kk j[kk x;k gSA

gka] rhljs i{k ds ikl j[kh gqbZ jgfr;ksa dk ys[kk j[kk x;k gSA ljdkj vFkok vU; izkf/kdj.kksa ls fdlh Hkh izdkj ds migkj izkIr ugha fd;s x;s gSA

53


Annexure-II

Sub- Directions under section 143(5) of

Companies Act, 2013 for the year 2016-17.

On the basis of the Books of accounts of the Company, the reply to the following questions and/or information may be supplied:-

1. Mining Lease

a. Whether adequate provision has been made for closure of mines and restoration of environment cost?

Yes, all the provisions required for closure of mines have been made and funds have been allocated in the form of STDR as per estimation made in the Mines closure Plan approved by the concerned competent authority under rule 23A of MCDR 1988.

vuqyXud&II

fo"k;%& o"kZ 2016&17 ds fy, dEiuh vf/kfu;e dh /kkjk 143¼5½ ds vUrxZr fn;s x;s funsZ'k %

ys[kk iqLrdks ds vk/kkj ij fuEu iz'uksa ds izfr mRrj izLrqr gS%&

1- [kuu iÍs

¼v½ D;k [kuu can djus ,oa i;kZoj.k cgkyh ls lacaf/kr izko/kku cuk, x, gS\

gk¡] [kkuksa ds can djus ds fy, lHkh vko';d izko/kku fd;s x;s gS ,oa blds fy, ,elhMh fu;eu1988 ds fu;e 23, ,oa [kkuksa dh can ;kstuk ds vUrxZr vuqekfur jkf'k dks ,lVhMhvkj ds :i esa vkoafVr fd;k x;k gSA

54


"Annexure A”

To the Independent Auditors' Report

Referred to in paragraph 1 under the heading

'Report on Other Legal & Regulatory

Requirement' of our report of even date to the

financial statements of the Company for the

year ended March 31, 2017 :

1. (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of xed assets;

(b) The Fixed Assets of the company are physically veried by the Management. As per the information g iven by the Management , no mater ia l discrepancies were not iced during such verication. .

(c) The title deeds of immovable properties are held in the name of the company.

2. (a) The management has conducted the physical verication of inventory at reasonable intervals.

(b) No discrepancies noticed on verication between the physical stocks and book records.

3. The Company has not granted any loans, secured or unsecured to companies, rms, Limited Liability partnerships or other parties covered in the Register maintained under section189 of the Act. Accordingly, the provisions of clause3 (iii) (a) to (c) of the Order are not applicable to the Company and hence not commented upon.

4. In our opinion and according to the information and explanations given to us, the company has complied with the provisions of section185 and186 of the Companies Act, 2013 In respect of loans, investments, guarantees, and security.

5. The Company has not accepted any deposits from the public and hence the directives issued by the Reserve Bank of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules,2015 with regard to the deposits accepted from the public are not applicable.

vuqyXud *v*

LorU= ys[kk ijh{kd fjiksVZ

31 ekpZ 2017 dks lekIr gq, o"kZ esa ,QlhvkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsM ds foÙkh; fooj.k [kkrksa esa vU; dkuwuh vkSj fu;ked vko';drkvksa dh fjiksVZ ds iSjk 1 esa 'kkfey vuqca/k%

1- ¼v½ dEiuh us LFkk;h lEifRr;ksa ls lEcfU/kr iwjh lwpuk;s o mudh fLFkfr;ksa dk fooj.k ys[kk iqLrdks esa j[kk gSA

¼c½ izcU/ku }kjk LFkk;h lEifRr;ksa dk HkkSfrd lR;kiu djk;k tkrk gSA izcU/ku }kjk nh lwpukvksa ds vk/kkj ij lR;kiu ds nkSjku dksbZ cM+h folaxfr ugha ik;h x;hA

¼l½ LFkk;h lEifRr;ksa ij dEiuh dk LokfeRo gSA

¼2½ ¼v½ jgfrvksa dk HkkSfrd lR;kiuizca/ku }kjk mfpr vrajky esa fd;k tkrk gSA

¼c½ fdlh Hkh izdkj dh folaxfr eky ds HkkSfrd lR;kiu ,oa ys[kksa ds chp ugha ikbZ xbZA

¼3½ vf/kfu;e dh /kkjk 189 esa vko';d jftLVj ds ys[kksa ds vUrxZr dEiuh us fdlh Hkh izdkj dk dksbZ lqjf{kr] vlqjf{kr _.k fdlh Hkh dEiuh] QeZ] lhfer nkf;Ro okyh lk>snkjh QeZ ,oa vU; i{kksa dks ugh fn;k gS rn~uqlkj [k.M 3¼iii½ v ls l rd dEiuh ij ykxw ugha gS] vr% dksbZ Hkh fVIi.kh ugha nh tk jghaA

¼4½ gekjh jk; esa ,oa gesa nh xbZ lwpuk ,oa Li"Vhdj.k ds vuqlkj dEiuh vf/kfu;e 2013 dh /kkjk 185 ,ao 186 ds vUrxZr _.k] fuos'k] xkj.Vh] izfrHkwfr ls lEcfU/kr fu;eksa dh vuqikyuk djrh gSaA

¼5½ dEiuh us turk ls fdlh Hkh izdkj dh dksbZ tek,¡ Lohdkj ugha dh gS blfy, dEiuh vf/kfu;e dh /kkjk 73 ls 76 ds izko/kku o dEiuh ¼tek,¡ ,oa Lohdkj½ fu;eu] 2015 o fjtoZ cSad ls izkIr fn'kk funsZ'k dEiuh ij ykxw ugha gSA

55


6. The company has maintained cost records as prescribed under sub section (1) of section 148 of the Companies Act 2013.

7. (a) According to information and explanations given to us and on the basis of our examination of the book so far account, and records, the Company has been generally regular in depositing undisputed statutory dues including Provident Fund, Employees State Insurance, Income-Tax, Sales tax, Service Tax, Duty of Customs, Duty of Excise, Value added Tax, Cess and any other statutory dues with the appropriate authorities. According to the information and explanations given to us, no undisputed amounts payable in respect of the above were in arrears as at March 31,2017 for a period of more than six months from the date on when they become payable.

b) According to information and explanations given to us, there are no dues of income tax, sales tax, service tax, duty of customs, duty of excise, value added tax outstanding on account of any dispute.

8. The Company does not have any loans or borrowings from any nancial institution, banks or from the government and has not issued any debentures. Accordingly, paragraph 3 (viii) of the Order is not applicable.

9. Based upon the audit procedures performed and the information and explanations given by the management, the company has not raised moneys by way of initial public offer or further public offer including debt instruments and term Loans. Accordingly, the provisions of clause 3 (ix) of the Order are not applicable to the Company and hence not commented upon.

10. Based upon the audit procedures performed and the information and explanations given by the management, we report that no fraud by the Company or on the company by its ofcers or employees has been noticed or reported during the year.

11. Based upon the audit procedures performed and the information and explanations given by the management, the managerial remuneration has been paid or provided in accordance with the requisite approvals mandated by the provisions of section197 read with Schedule V to the Companies Act;

¼6½ dEiuh vf/kfu;e 2013 dh /kkjk 148¼1½ ds vUrxZr dEiuh ys[kk iqLrdks dk mfpr j[k&j[kko djrh gSA

¼7½ ¼v½ ges nh xbZ lwpuk ,oa Li"Vhdj.k ,oa dEiuh dhiqLrdks dh gekjh tk¡p ds vuqlkj] gekjh jk; esa dEiuh Hkfo"; fuf/k] deZpkjh jkT; chek] vk;dj] fcØh dj] lsokdj] mRikn 'kqYd] lEifr dj] oSV] vf/k'kqYd] midj ,oa vU; ykxw oS/kkfud ns;rkvksa dks mfpr izkf/kdj.kksa ds ikl fu;fer :i ls tek djokrh gSA ges nh xbZ lwpuk ,oa Li"Vhdj.k ds vuqlkj rFkk dksbZ Hkh mij fn;s x;s lkafof/kd ns; fnukad 31 ekpZ] 2017 ls N% eghus ls vf/kd ds cdk;k ugha gSA

¼c½ gesa nh xbZ lwpuk ,oa Li"Vhdj.k ds vuqlkj] dEiuh ij fdlh Hkh izdkj vk;dj] fcØh dj] lsokdj] lhek'kqYd] mRikn 'kqYd] oSV ls lEcfU/kr jkf'k cdk;k ugha gSA

¼8½ dEiuh us o"kZ ds nkSjku cSadksa] foÙkh; laLFkkvksa] vFkok vU;ksa ds }kjk fdlh Hkh izdkj dk _.k ,oa m/kkj ugha fy;k gS vkSj u gh _.ki= tkjh fd, gS vr% iSjk 3¼viii½ dEiuh ij ykxw ugha gSA

¼9½ ys[kk ijh{kk dh izfØ;k ,oa izca/ku }kjk nh xbZ tkudkjh ,oa Li"Vhdj.k ds vulqkj] dEiuh us fdlh Hkh izdkj dk lkoZtfud fuxZe]iqu% lkoZtfud fuxZe ,oa _.k i= lfgr vU; _.k mioU/kksa ds ek/;e ls fdlh Hkh izdkj dh jkf'k vftZr ugha dh xbZ gS] blfy, [k.M 3¼ix½ ds izko/kku dEiuh ij ykxw ugha gS vr% fdlh Hkh izdkj dh fVIi.kh ugha nh xbZ gSA

¼10½ ys[kk ijh{kk dh izfØ;k ,oa izca/ku }kjk fn, x, Li"Vhdj.k ds vk/kkj ij dEiuh ij mlds deZpkfj;ks ,oa vf/kdkfj;ksa }kjk vFkok dEiuh }kjk fdlh Hkh izdkj dh dksbZ Hkh /kks[kk/kMh dks laKku esa ugha fy;k x;k gS vkSj uk gh bldh fjiksVZ nh gSaA

¼11½ ys[kk ijh{kk dh izfØ;k ,oa izca/ku }kjk fn, x, Li"Vhdj.k ds vk/kkj ij izca/kdks dks izca/kdh; ikfjJfed dk Hkqxrku dEiuh vf/kfu;e dh /kkjk 197 dh vuqlwph V ds izko/kkuksa ds vuqlkj fd;k x;k gSaA

56


12. In our opinion, the Company is not a Nidhi Company. Therefore, the provisions of clause 4 (xii) of the Order are not applicable to the Company.

13. In our opinion, all transactions with the related parties are incompliance with section 177 and 188 of Companies Act, 2013 and the details have been disclosed in the Financial Statements as required by the applicable accounting standards.

14. Based upon the audit procedures performed and the information and explanations given by the management, the company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review. Accordingly, the provisions of clause 3 (xiv) of the Order are not applicable to the Company and hence not commented upon.

15. Based upon the audit procedures performed and the information and explanations given by the management, the company has not entered into any non-cash transactions with directors or persons connected withhim. Accordingly, the provisions of clause 3(xv) of the Order are not applicable to the Company and hence not commented upon.

16. In our opinion, the company is not required to be registered under section 45 IA of the Reserve Bank of India Act, 1934 and accordingly, the provisions of clause 3(xvi) of the Order are not applicable to the Company and hence not commented upon.

¼12½ gekjh jk; esa dEiuh ,d fuf/k dEiuh ugha gS] blfy, [k.M 4¼xii½ ds izko/kku dEiuh ij ykxw ugha gSaA

¼13½ gekjh jk; esa] lacaf/kr ikfVZ;ksa ds lkFk ysu&nsu dEiuh vf/kfu;e 2013 dh /kkjk 177 o 188 ds vuqlkj fd;k x;k gS] rFkk mudk iw.kZ C;kSjk foÙkh; fooj.k esa ykxw ys[kk ekudks ds vuq:i fd;k x;k gSA

¼14½ ys[kk ijh{kk dh izfØ;k ,oa izca/ku }kjk nh xbZ tkudkjh ,oa Li"Vhdj.k ds vuqlkj] dEiuh us fdlh Hkh izdkj dk iw.kZ ,oa vkaf'kd :i ls 'ks;j vkoaVu] futh IyslesaV] ifjorZuh; _.ki= o"kZ ds nkSjku fuxZfer ugha fd;k gSA rn~uqlkj vkns'k ds [k.M 3¼xiv½ dEiuh ij ykxw ugha gksrs gS vr% fVIi.kh ugha dh xbZ gSA

¼15½ ys[kk ijh{kk dh izfØ;k ,oa izca/ku }kjk nh xbZ tkudkjh ,oa Li"Vhdj.k ds vuqlkj] dEiuh us funs'kdksa ,oa muls lacaf/kr O;fDr;ksa ds lkFk fdlh Hkh izdkj dk xSj&udn ysunsu ugha fd;k gSA rn~uqlkj vkns'k ds [k.M¼xv½ ds izko/kku dEiuh ij ykxw ugha gS blfy, bl ij dksbZ fVIi.kh ugha dh xbZ gSA

¼16½ gekjh jk; esa] Hkkjrh; fjtoZ cSad vf/kfu;e 1934 dh /kkjk 45 IA ds vUrxZr dEiuh ds iathÑr gksus dh vko';drk ugha gSA rn~uqlkj vkns'k ds [k.M ¼xvi½ ds izko/kku dEiuh ij ykxw ugha gSA blfy, bl ij dksbZ fVIi.kh ugha dh xbZ gSaA

57








"Annexure B”

To the Independent Auditor's Report of even date on the Financial Statements of FCI ARAVALI GYPSUM & MINERALS INDIA LTD.

Report on the Internal Financial Controls under Clause(i) of Sub-section 3 of Section143 of the Companies Act, 2013 (“the Act”)

We have audited the internal nancial controls over nancial reporting of FCI ARAVALI GYPSUM & MINERALS INDIA LTD (“the Company”) as of March 31, 2017 in conjunction with our audit of the stand alone nancial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal nancial controls based on the internal control over nancial reporting criteris established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal nancial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India ('ICAI'). These responsibilities include the design, implementation and maintenance of adequate internal nancial controls that were operating effectively for ensuring the orderly and efcient conduct of its business, including adherence to company's policies, the safe guarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable nancial information, as required under the Companies Act, 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal nancial controls over nancial reporting based on our audit.

We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal nancial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that

vuqca/k *c*

,QlhvkbZ vjkoyh ftIle ,oa feujYl bf.M;k fyfeVsM ds foÙkh; fooj.k ij Lora= ys[kk ijh{kdks dh izfrosnu fjiksVZA

dEiuh vf/kfu;e 2013 dh /kkjk 143 dh mi /kkjk 3 ds [k.M ¼i½ ds vUrxZr vkrafjd foÙkh; fu;a=.k ij fjiksVZ

geus ,QlhvkbZ vjkoyh ftIle ,oa feujYl bf.M;k fyfeVsM dh 31 ekpZ] 2017 dks lekIr gksus okys o"kZ ds foÙkh; fooj.kksa dk vads{k.k ml frfFk dks lekIr gksus okys foRrh; fjiksVZ ij vkUrfjd foRrh; fu;U=.k iz.kkyh ds lkFk fd;k gSA

foÙkh; fooj.kksa ds fy, izcU/ku dk nkf;Ro

ICAI }kjk foRrh; fjiksVksZ ij vads{k.k ,oa vkUrfjd foRrh; fu;U=.k ls laEcfU/kr fn'kk funsZ'kks ds vUrxZr dEiuh us vkUrfjd fu;U=.k ds vko';d [k.Mks dks /;ku esa j[krs gq, LFkkfir foRrh; izfrosnuksa ij vkUrfjd foRrh; fu;U=.k iz.kkyh dks cuk;s j[kus ds fy, dEiuh dk izcU/ku nk;h gSA bu nkf;Roksa esa vkUrfjd foRrh; fu;U=.k iz.kkyh dh lajpuk] fØ;kUo;u ,oa mldks cuk;s j[kuk 'kkfey gS] tks fd dEiuh vf/kfu;e 2013 ds vuqlkj dEiuh dh uhfr;ks ds vUrxZr izHkko'kkyh rjhds ls O;kikj djus] lEifRr;ksa dh lqj{kk] /kks[kk /kM+h ,oa xyfr;ks dh jksdFkke ys[kk iqLrdks dh 'kq)rk ,oa iw.kZr;k rFkk le; ij fo'oluh; foRrh; fooj.kksa dh izLrqfr ds fy, vko';d gSA

vads{kdks dk nkf;Ro

gekjh ftEesnkjh o gekjh tk¡p ds vk/kkj ij gekjk nkf;Ro dEiuh dh foÙkh; fjiksVZ ij vkrafjd foÙkh; fooj.k ij viuh jk; vfHkO;Dr djus dh gSaA

geus gekjk vads{k.k vf/kfu;e dh /kkjk 143¼10½] ICAI ds }kjk vkUrfjd foRrh; fu;U=.k iz.kkyh ij tkjh vads{k.k izekiks ,oa blh ij mu fn'kk funsZ'kks ds vUrxZr fd;k gS tks fd dEiuh ij ykxw gSA bu izekiksa ,oa fn'kk funs'kksZ ds vuqlkj ges uSfrd vko';drk iwjh djus ds lkFk vads{k.k dh ;kstuk ij bl izdkj dk;Z djuk gS fd ge lgh :i ls vk'oLr gks lds fd foRrh; izfrosnuksa ij vkUrfjd foRrh; iz.kkyh izHkko'kkyh rjhds ls

58


we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal nancial controls over nancial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal nancial controls system over nancial reporting and their operating effectiveness. Our audit of internal nancial controls over nancial reporting included obtaining an understanding of internal nancial controls over nancial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material mis-statement of the nancial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufcient and appropriate to provide a basis for our audit opinion on the Company's internal nancial controls system over nancial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

A company's internal nancial control over nancial reporting is a process designed to provide reasonable assurance regarding there liability of nancial reporting and the preparation of nancial statements for external purposes in accordance with generally accepted accounting principles.

A company's internal nancial control over nancial reporting includes those policies and procedures that(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reect the transactions and dispositions of the assets of the company;(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of nancial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the nancial statements.

LFkkfir ,oa cuk;h j[kh xbZ gSA ys[kks dh leh{kk esa foÙkh; fooj.k esa vkrafjd foÙkh; fooj.k ls lacf/kr rF; ,oa muds izHkkoh lapkyu ls lacaf/kr rF; bR;kfn dks izkIr djus dh fjiksVZ izfØ;k;s vkfn 'kfey gksrh gSA

gekjs vads{k.k esa foRrh; izfrosnuks dh vkUrfjd foRrh; fu;U=.k iz.kkyh dh i;kZIrrk ,oa bldh izHkko'khyrk 'kkfey dh gSA gekjs vkUrfjd foRrh; fu;U=.k iz.kkyh ds vads{k.k esa bldh le>] tksf[ke dk vkadyu] bldh detksfj;k] :ijs[kk ,oa ijh{k.k ,oa tksf[ke ds vk/kkj ij bldh izHkko'khyrk 'kkfey gSA izfØ;kvksa dk p;u ys[kk ijh{kd ds QSlyks ds lkFk&lkFk foÙkh; fooj.k esa xyr c;ku ds tksf[keksa ds ewY;kadu ij Hkh fuHkZj djrk gSA

ge ;g fo'okl djrs gS fd leh{kk ds nkSjku izkIr lk{;] dEiuh dh foÙkh; fjiksVZ esa vkrafjd foÙkh; fu;=a.k iz.kkyh ij gekjh jk; O;Dr djus ds fy, mfpr ,oa i;kZIr gSaA

foÙkh; fjiksVZ ij vkrafjd foÙkh; fu;a=.k dk vFkZ

dEiuh dh foÙkh; fjiksVZ esa vkrafjd foÙkh; fu;=a.k ,d izfØ;k gS tks dh foÙkh; fjiksVZ o mlds fooj.k dh fo'oluh;rk dks cuk, j[kus ,oa ckgjh iz;kstuks ds fy, foÙkh; fooj.k dks ys[kkadu fl)karks ds vuqlkj rS;kj djus esa vko';d gSaA

dEiuh dh foÙkh; fjiksVZ ds vkarfjd foÙkh; fu;=a.k esa fuEu uhfr;ksa vkSj izfØ;kvksa dks Hkh lfEefyr fd;k gS ¼1½ vfHkys[kksa ds mfpr fooj.k ,oa j[k j[kko ls lacaf/kr fooj.k tks dh dEiuh dh lEifr;ksa ds ysunsu ds lgh LoHkko dks izfrfofcr djrh gSA ¼2½ mi;qZDr ysunsu vkerkSj ij ys[kkadu fl)karks ds vuqlkj gS] ,oa dEiuh dh izfIr;ka ,oa O;; dEiuh ds izca/ku ,oa dEiuh ds funs'kdks ds vuqlkj fd;k tk jgk gSaA ¼3½ dEiuh dh lEifRr;ksa ds mfpr iz;ksx]vukf/kÑr vf/kxzg.k o le; jgrs jksdFkke,oa izHkkoh ysunsu dks le; ij irk yxkus esa en~n djrk gS tks fd foÙkh; fooj.k dks izHkkfor djrh gSA

59


Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal nancial controls over nancial reporting, including the possibility of collusion or improper management over ride of controls, material mis-statements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal nancial controls over nancial reporting to future periods are subject to the risk that the internal nancial control over nancial reporting may be come in adequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal nancial controls system over nancial reporting and such internal nancial controls over nancial

streporting were operating effectively as at 31 March 2017, based on the internal control over nancial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal nancial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

foÙkh; fjiksVZ ij vkrafjd foÙkh; fu;=a.k ds fufgr lhek,¡

foÙkh; fjiksVZ ij vkrafjd fu;a=.k iz.kkyh dh lhekvksa] feyh Hkxr] vuqfpr izcU/ku] vR;f/kd fu;U=.k] foRrh; fooj.kksa esa xyr izn'kZu ds dkj.k /kks[kk /kM+h dks jksduk eqf'dy gSA cnyh gqbZ ifjfLFkfr;ksa] iwokZuqekuksa esa tksf[ke] uhfr;ksa ,oa izfØ;kvksa dh vuqikyuk bR;kfn ds dkj.k Hkh Hkfo"; esa foRrh; fjiksfVax dh vkUrfjd iz.kkyh vi;kZIr gksrh gSA

fopkj

gekjh jk; esa dEiuh esa foÙkh; fjiksfVZax ds vkrafjd foÙkh; fu;=a.k iz.kkyh dh leqfpr O;oLFkk gS ,oa ;g iz.kkyh fnuakd 31-03-2017 rd] ICAI }kjk bl lUnHkZ esa tkjh fn'kk funsZ'kks ds vUrxZr leqfpr :i ls dk;Z dj jgh FkhA

60








COMPLIANCE CERTIFICATE

We have conducted the audit of accounts of FCI ARAVALI

GYPSUM AND MINERALS INDIA LIMITED, JODHPUR for stthe year ended 31 March, 2017 in accordance with the

directions/ sub-directions issued by the C&AG of India under

Section 143(5) of the Companies Act, 2013 and certify that

we have complied with all the directions/ sub-directions

issued to us.

vuqikyuk izek.k&i=

geus 31 ekpZ 2017 dks lekIr gksus okys o"kZ esa ,Q lh vkbZ vjkoyh ftIle ,.M feujYl bf.M;k fyfeVsM] tks/kiqj ds [kkrks dk vads{k.k fd;k] ;g vads{k.k Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd }kjk tkjh fd, x, fn'kk&funsZ'kks@mifunsZ'kks ,oa dEiuh vf/kfu;e 2013 dh /kkjk 143 ¼5½ ds vuqlkj fd;k x;kA ge ;g izekf.kr djrs g S fd geus tkjh fd, x, lHkh fn'kk&funsZ'kks@mi&funsZ'kks dk ikyu fd;k gSA

61








BALANCE SHEET AS AT 31st MARCH, 2017

As at 31.03.17 As at 31.03.16

fnukad 31 ekpZ 2017 dk rqyu i=

¼1½ va'k vkSj nkf;Ro

1- va'k/kkjdksa dh fuf/k

v- va'k iwth

c- lap; vkSj vf/k'ks"k

l- va'k vf/ki=ksa ds

vUrxZr izkIr /ku

dqy ;ksx

¼2½ va'k vkosnu Ik= ds

vUrxZr yafcr /ku

¼3½ vpy nkf;Ro

v- nh?kZdkyhu _.k

c- LFkfxr dj nsunkfj;k ¼'kq)½

l- vU; nh?kZdkyhu nkf;Ro

n nh?kZdkyhu izko/kku

dqy ;ksx

¼4½ py nkf;Ro

v- vYidkfyu _.k

c- O;kikfjd nsunkfj;k

l- vU; py nkf;Ro

n vYidkyhu izko/kku

dqy ;ksx

;ksx

lEifÙk;ka

¼1½ vpy lEifÙk;ka

v- fLFkj lEifÙk;ka

1- ewrZ lEifÙk;ka

2- vewrZ lEifÙk;ka

3- iwathxr pkyw dk;Z

4- pkyw dk;Z ds vUrxZr

vewrZ lEifÙk;ka

dqy ;ksx

I EQUITY AND LIABILITIES

1 Share Holders' Funds

a. Share Capital 1

b. Reserves & Surplus 2

c . Money received against 3

share warrants

Sub total ( 1 to 3)

2 Share Application money

pending allotment

3 Non-current liabilities

a. Long-term borrowings 4

b. Deferred tax liabilities (Net) 5

c. Other long-term liabilities 6

d. Long term provisions 7

Sub total ( 4 to 7)

4 Current liabilities

a. Short-term borrowings 8

b. Trade payables 9

c. Other current liabilities 10

d. Short term provisions 11

Sub total ( 8 to 11)

Total

II ASSETS

1 Non-current assets

a. Fixed assets

i. Tangible assets 12

ii. Intangible assets 13

iii. Capital work in progress 14

iv. Intangible assets under 15

development


Note No.

62


73298000 73298000

2110529696 1893107370

0 0

2183827696 1966405370

0 0

0 0

4058096 7921083

0 0

4058096 7921083

0 0

99608590 60245469

139667229 352427383

160296339 145530389

399572158 558203241

2587457950 2532529694

82954212 85194824

527904 510048

61954632 57018896

0 0

145436748 142723768

As at 31.03.17 As at 31.03.16Note No.

c- vpy fofu;ksx

l- LFkfxr dj lEifÙk;ka ¼'kq)½

– nh?kZdkfyu _.k o vfxze

;- vU; vpy lEifÙk;ka

dqy ;ksx

2- py lEifÙk;ka

v- py fofu;ksx

c- jgfr;k

l- O;kikfjd izkfIr;ka

n- uxn o cSad 'ks"k

;- vYidkfyd _.k o vfxze

j- vU; py lEifÙk;ka

dqy ;ksx

;ksx

b. Non-current investment 16

c. Deferred tax assets(Net) 17

d. Long-term loans and advances 18

e. Other non-current assets 19


2 Current assets

a. Current investments 20

b. Inventories 21

c. Trade receivables 22

d. Cash & Bank Balance 23

e. Short-term loans & advances 24

f. Other current assets 25

Sub-total ( 20 to 25)

Total

63


0 0

58511266 122062977

5924978 4589747

30649692 15014170

240522684 284390662

0 0

35967674 58751703

85272150 114661324

2081273908 1983926993

71934391 9190729

72487143 81608283

2346935266 2248139032

2587457950 2532529694



fnukad % 27-06-2017LFkku % ubZ fnYyh

g-¼vfuydqekj oh- ikfVy½

funs'kd

g-¼vydk frokjh½

v/;{k,oa izcU/k funsf'kdk

g-¼fl)kFkZ dqekj½dEiuh lfpo

g-¼,l-,l- 'ks[kkor½

egk izcU/kd

M/s. Mertia Daga & AssociatesChartered AccountantsFRN:002056C


Date : 27.06.2017Place : New Delhi

Sig.(Anilkumar V. Patil)

Director

Sig.(Siddharth Kumar)

Company Secretary

Sig.

(Alka Tiwari)

CMD

Sig.

(S.S. Shekhawat)

General Manager

As per our report of even date.

STATEMENT OF PROFIT & LOSS FOR THE YEAR ENDED 31st MARCH, 2017

For the FY 2016-17

31 ekpZ 2017 dks lekIr gksus okys o"kZ ds fy, ykHk gkfu ys[kk

I. izpkyu ls vk;

II. vU; vk;

III. dqy vk;

IV. O;;

[kuu izpyu O;;

iz;qDr lkexzh dh ykxr

rS;kj eky] pkyw dk;Z o O;kikfjd LVkWd ds jfgfr;ksa esa ifjorZu

deZpkfj;ksa ij O;;

foRrh; O;;

ewY; ál vkSj ifj'kks/ku O;;

vU; O;;

iwoZ vof/k dh vk;@O;;

dqy O;;

V. vlk/kkj.k] viokfnd en] dj iw.kZ ykHk (III-IV)

VI. viokfnd en ¼vk;@ ¼O;;½

VII. vlk/kkj.k en o dj iwoZ ykHk (V-VI)

VIII. vlk/kkj.k] en

IX. dj iwoZ ykHk (VII-VIII)

X. dj

v- orZeku dj

c- LFkfxr dj

l- fiNys o"kksZ ds vk;dj lek;kstu

dqy dj O;;

XI. eSV tek vf/kdkj iwoZ ykHk

tksM+

eSV tek vf/kdkj

I Revenue from operations 27

II Other income 28

III Total Revenue (I+II) TOTAL

IV Expenses:

Mining operation expenses 29

Cost of material consumed 30

Change in inventories of 31

nished goods, WIP & Stock

in Trade

Employee benet expenses 32

Finance Costs 33

Depreciation and amortization expenses 34

Other expenses 35

Prior Period Expenditure/Income 36

Total expenses

V Profit before exceptional &

Extraordinary items and tax (III-IV)

VI Exceptional Items-Income/(Expenditure) 37

VII Profit before Extraordinary items and

Tax (V-VI)

VIII Extraordinary Items 38

IX Profit before tax (VII-VIII)

X Tax Expense:

(1) Current Tax

(2) Deferred Tax

(3) Income Tax Adjustment for

previous years

Total Tax Expenses

XI Profit before MAT credit

entitlement

Add : MAT Credit Entitlement

Note No.

64


For the FY 2015-16

513323475 638023014

170891047 175842542

684214522 813865556

167932553 208400203

28419220 39312191

22948702 8615196

49102392 60130217

590673 0

2819654 2987277

49893953 49946938

30458 1220036

321737605 370612058

362476917 443253498

189425296 75063186

551902213 518316684

0 0

551902213 518316684

129104937 161221495

63551711 17167802

(1092756) (2062260)

191563892 176327037

360338321 341989647

0 0

As at 31.03.17 As at 31.03.16Note No.

XII. izpyu ls vk;

XIII. cUn@izpyu ij ykHk@gkfu

XIV. cUn@izpyu ij dj

XV. cUn@izpyu ij dj i'pkr~ ykHk@gkfu (XIII-XIV)

XVI. o"kZ ds nkSjku ykHk (XII+XV)

XVII. izfrva'k miktZu

vk/kkjHkwr

nzfO;r

XVIII. vfrfjDr lwpuk,a

XIX. egRoiw.kZ ys[kk uhfr;ka

XII Prot for the period from continuing operations

XIII Prot/(Loss) for discontinuing operations

XIV Tax expense of discontinuing operations

XV Prot /(Loss) from discontinuing operations

(after tax) (XIII-XIV)

XVI Profit for the period (PAT)(XII+XV)

XVII Earning per equity share:

Basic

Diluted

XVIII Additional Information 39

XIX Significant accounting policies 40

65


360338321 341989647

0 0

0 0

0 0

360338321 341989647

49.16 46.66

49.16 46.66





funs'kd

g-¼vydk frokjh½




egk izcU/kd




Sig.(Anilkumar V. Patil)

Director

Sig.(Siddharth Kumar)

Company Secretary

Sig.

(Alka Tiwari)

CMD

Sig.

(S.S. Shekhawat)

General Manager

As per our report of even date.

CASHFLOW STATEMENT FOR THE YEAR ENDED 31st MARCH, 2017

For the Year 2015-16

31 ekpZ 2017 dks lekIr gksus okys o"kZ ds fy, udn izokg fooj.k

izpyu fØ;kvksa ls uxnh izokg

dj iwoZ ykHk@gkfu

lek;kstuk;s%

tksM+% foRrh; ykxr

ewY; ál

viokfnd O;;

LFkk;h lEifRr;ksa ds foØ; ij gkfu

?kVko% C;kt

okil fy;s x;s vf/kd izko/kku

lEifr;ksa ds foØ; ij ykHk

py iwath ifjorZu ls iwoZ ykHk

tksM+@?kVkuk

jgfr;ksa esa ¼c<+ksrjh½@dehO;kikfjd ikz fIr;ka s ea s ¼c<k+ rs jh½@deh vYidkyhu _.k ,oa vfxze ¼c<+ksrjh½@deh

vU; py lEifÙk;ka ¼c<k+ rs jh½@dehvYidkyhu ikz o/kkuka s ea s c<k+ rs jh@¼deh½vU; py nkf;Ro ea s c<k+ rs jh@¼deh½s O;kikfjd nkf;Roka s ea s c<k+ rs jh@¼deh½ viokfnd en ds fy, lek;kts ukizpyu fØ;kvksa ls mRiUu udnh?kVkuk % pqdk;k x;k dj

vkUrfjd ,oa ¼ckâ; cgko½ dsmijkar 'kq) udn

fofu;ksx fØ;kvksa ls jksdM+ cgko itaw hxr pkyw dk;kZ s ea s ¼c<k+ rs jh½@deh

iwathxr laifÙk dk Ø; iawathxr laifÙk dk foØ;

ewy ifjiDo tek esa deh ¼o`f)½ 3 ekg ls vf/kd okysizkIr C;ktfofu;kstu ds mijkar vkUrfjd ,oa ¼ckâ; cgko½ jksdM+ cgko


66


551902213 518316684

590673 0

2819654 2987277

0 2757452

12627 3422954 0 5744729

555325167 524061413

169823087 175028799

189432388 77818246

5535 359261010 2392 252849437

196064157 271211976

22784029 3949865

29389174 (54265682)

(62743662) (2902202)

(40254) (952310)

(4102809) (2823386)

(212760154) (68104644)

39363121 1494911

189432388 1321833 75060794 (48542654)

197385990 222669322

(116845387) (158490839)

80540603 64178483

(4935736) (1138218)

(679234) (59330410)

75244 17957

(72055173) (89441100)

167278101 89683202 174070218 24178447

170223805 88356930

foÙkh; fØ;kvksa ls jksdM+ cgko nh?kZdkyhu _.k ,oa vfxze ¼c<+ksrjh½@dehvU; vpy lEifÙk;ksa esa ¼c<+ksrjh½@dehvU; nh?kZdkyhu nkf;Ro c<+ksrjh@¼deh½

foRrh; ykxrykHkka'k

YkkHkka'k dj

foÙkh; fØ;kvkas ds mijkra vkUrfjd ,oa ¼ckâ; cgko½ jkds M+ cgko udnh o udnh ds led{k esa ifjorZu%

udnh o cSad dk vkjfEHkd 'ks"k

udnh o cdaS dk vfUre 'k"s k

udn o udnh ds led{k

udn gkFk esa

pSd] MªkV vuqlwfpr cSadks ds lkFk lUrqyu

pkyw [kkrksa esa ikjxeu esa isz'k.k

Cashflow from Financing Activities

(Increase)/Decrease in Long Term

Loans & Advances

(Increase)/Decrease in Other Non-

Current Assets

Increase/(Decrease) in Other long

Term Liabilities

Finance Cost

Dividend Paid

Dividend Tax Paid

Net Cash inflow/(outflow) after

Financing Activities

Net change in cash & Cash

Equivalents

Cash & Bank Balances Opening

Balance

Cash & Bank Balances Closing Balance

Components of Cash and Cash

Equivalents

Cash in Hand

Cheques, Drafts in Hand

Balances With Scheduled Banks

in Current Accounts

in Remittance in transit

"udnh izokg fooj.k" tgka Hkh vko';d gqbZ gSa] fiNys o"kZ ds vkdM+ks dks ,d:irk ykus ds fy, iquZxfBr fd;k x;k gSA "Cash Flow Statement" The Previous Year's Figures have been regrouped wherever necessary for uniformity in presentation.

67


For the Year 2015-16For the Year 2016-17

(1335231) 54261800

(15635522) (1276786)

(3862987) 90000

(590673) 0

(102617200) (93454950)

(20890450) (144932063) (18685495) (59065431)

25291742 29291499

25291742 29291499

39581100 10289601

64872842 39581100

64872842 39581100

51963 144406

0 41000

18820879 39395694

46000000 0

64872842 39581100

udnh izokg dk fooj.k ys[kk ekud 3 ¼la'kksf/kr½ ds rgr fu/kkfjr vizR;{k fof/k;ks ds vk/kkj ij rS;kj fd;k x;kA Cash Flow Statement has been prepared based on Indirect Method prescribed under Accounting Standard - 3 (Revised)





funs'kd

g-¼vydk frokjh½




egk izcU/kd




Sig.

(Anilkumar V. Patil)

Director

Sig.

(Siddharth Kumar)

Company Secretary

Sig.

(Alka Tiwari)

CMD

Sig.

(S.S. Shekhawat)

General Manager

7

7

6

6

300000000

73298000

73298000

a) The company is owned by Government of India and the entire share capital is held by the Hon'ble President of India.

The Authorised Share Capital of the company is Rs.30.00 crore consisting of 3,00,00,000 Equity Share of Rs.10 each. Out of the authorized capital, the number of equity shares issued were 7329800 @ Rs.10/- fully paid aggregating Rs.7,32,98,000/- in the year 2003-04 and no further issue of equity shares was made in subsequent years till 31.03.2017. All these shares are allotted to the Hon'ble President of India or his authorized nominees.

b) Reconciliation of number of equity shares outstanding at the beginning and at the end of the year:-

v- dEiuh Hkkjr ljdkj ds LokfeRo esa gS vkSj bldh lEiw.kZ va'k iwath Hkkjr ds jk"Vªifr ds uke es gSA

dEiuh dh vf/kÑr iwath ̀ 10 okys 3 djksM+ va'kks esa foHkkftr

gS] ftldk dqy ewY; 30 djksM+ gSA mi;qZDr vf/kÑr iwath esa ls 10 okys 7329800 lerk va'k o"kZ 2003&04 esa Hkkjr ds jk"Vªifr ds uke vFkok muds }kjk ukfer O;fDr;ksa ds uke esa fuxZfer fd;s x;s Fks tks fd iw.kZ nÙk gSA rRi'pkr fnukad 31-03-2017 rd dksbZ Hkh va'k fuxZfer ugha fd;s x;s gSA

c- o"kZ ds vkjaEHk o var esa lerk va'k iwth dk lek/kku fooj.k%

c) Rights, preference and restrictions attached to various classes of shares

7

7

6

6

68


300000000

73298000

73298000

(Nos.)

2016-17

69


2015-16 2014-15 2013-14 2012-13 2011-12

lw=/kkjh dEiuh vafre lw=/kkjh dEiuh o lgk;d dEiuh esa dEiuh dh va'k/kkfjrk

Note No. 2: Reserve & Surplus

The company has been transferring not less than 10% of Prot after Tax (PAT) to the General Reserve every year starting from 2003-04. Accordingly, during the year 2016-17, a 10% of PAT amounting to Rs.360.34 Lakh (Previous Year Rs.341.99 Lakh) has been transferred to the General Reserve. From the year 2004-05 onwards, 70% of PAT after appropriation to dividend and dividend tax has been transferred to Development Reserve to take care of the needs of the expansion programmes/ Projects of the Company. Accordingly, during the year 2016-17, a 70% of PAT (Net of Dividend & Tax thereon) amounting to Rs.1521.97 Lakh (Previous Year Rs.1529.37 Lakh) has been transferred to the Development Reserve.

The details of opening and closing balances in the reserves and surplus with additions/ deduction adjustment during the year 2016-17 and 2015-16 are as given below:

uksV la[;k 2%&lap; ,oa vf/k'ks"k

o"kZ 2003&04 ls izfro"kZ dEiuh vius dj i'pkr ykHk dk 10 izfr'kr lkekU; lap; esa gLrkUrfjr djrh gSA pkyw o"kZ ds nkSjku lap; esa ` 360-34yk[k ¼fiNys o"kZ ` 341-99 yk[k½ gLrkUrfjr fd;s x;s gSA

o"kZ 2004&05 ls ykHkka'k o ykHkka'k dj ds i'pkr ykHk dk 70 izfr'kr dEiuh izfro"kZ fodkl lap; esa Hkfo"; ds ifj;kstukvks ds fy, gLrkUrfjr djrh gSA rn~uqlkj dEiuh us o"kZ 2016&17 ds nkSjku ̀ 1521-97yk[k ¼fiNys o"kZ ̀ 1529-37 yk[k½ fodkl lap; esa gLrkUrfjr fd;s gSA

2016&17 o 2015&16 ds lap; ,oa vf/k'ks"k dk o"kZ ds izkjEHk o vUr esa 'ks"k o mlesa tqM+ko@?kVko dh jkf'k dk fooj.k fuEu gS%&

As at 31.03.17 As at 31.03.16

During the year a dividend of Rs.16.20 (previous year Rs.14.00) each equity share, being 32.95% (previous year 30.01%) of PAT is proposed.

70


444692128 410493163

36033832 34198965

0 0

480725960 444692128

1154412864 1001475466

152195628 152937398

0 0

1306608492 1154412864

294002378 262656744

172108861 154853284

466111239 417510028

118742760 102617200

24173235 20890450

323195244 294002378

2110529696 1893107370

102617200 93454950

20890450 18685495

NIL NIL

o"kZ ds nkSjku funs'kd e.My us `16-20 izfr va'k ¼fiNys o"kZ `14-00 izfr va'k½ dh nj ls dj i'pkr ykHk dk 32-95 izfr'kr ¼fiNys o"kZ 30-01 izfr'kr½ ykHkka'k izLrkfor fd;kA

As at 31.03.17 As at 31.03.16Particulars

71





10500 2895175 4047596 5025908

4058096 7921083

fooj.k Particulars

(`)

(a) Provision for employee benefits :

(B) Other Provisions :

¼v½ deZpkjh ds fy;s izko/kku %

¼c½ vU; izko/kku %&

dqy

0

0

0

0

0

0

uksV la[;k & 8 % vYidkyhu _.k

fooj.k Particulars

The Company does not have any outstanding short term borrowings whether secured or unsecured from public, banks, related parties and others.

dEiuh us cSadksa] lg;ksxh i{kks vkSj loZtu ls fdlh Hkh izdkj dk lqjf{kr o vlqjf{kr vYidkyhu _.k ugha fy;k gSA

(`)

uksV la[;k & 9 % O;kikfjd ns;rk;s % Note - 9 : Trade Payables.

fooj.k Particulars

1. Payable relating to Customers

2. Payable relating to Related parties

(BVFCL)

3. Payables relating to Suppliers /

Contractors

Total

1- xzkgdksa ls lEcfU/kr ns;rk;s2- lEcfU/kr ikfVZ;ksa ls lEcfU/kr ns;rk;s ¼ih-Mh-vkbZ-,y-½3- viwfrZdrkZ@Bsdsnkj ls lEcfU/kr ns;rk;s

dqy

(`)

0

0

0

0

Note - 8 : Short Term Brrowing

35847115

0

63761475

99608590

As at 31.03.17 As at 31.03.16

As at 31.03.17 As at 31.03.16

As at 31.03.17 As at 31.03.16

72


o"kZ 2007&08 ea s ih-vkj-ih- Hkxq rku ds fy, ̀ 22-96 yk[k dk ikz o/kku fd;k Fkk ,oa o"kZ 01-04-2003 ls 30-04-2005 rd ̀ 5-89 yk[k dk ikz o/kku ih-,Q- ij b-Z ,y- ds :i ea s nh?kdZ kyhu nkf;Roks ds :i ea sfd;k x;k Fkk ftldks fd vc okil ys fy;k x;k gS D;kfas d mudk Hkxq rku vc ugha fd;k tkrk gAS

fnukda 31-03-2017 dks vU; nh?kdZ kyhu nkf;Roks ea s ̀ 27-10 yk[k dk ek=kRed NVw ¼fnukda 31-03-2016 dks ̀ 27-10 yk[k½ 'kkfey gS tks fd fofHkUu xkz gdks dks n;s gS A

uksV la[;k & 7 % nh?kZdkyhu izko/kku

dEiuh us fuEufyf[kr nh?kdZ kyhu ikz o/kkuka s dk oxhdZ j.k fd;k g]S ftudk fooj.k uhps lkj.kh ea s fn;k gAS nh?kdZ kyhu ikz o/kkuka s dk fooj.k bl idz kj fd;k x;k gS fd ;g ryq u i= dh frfFk ls 12

Provision amounting to Rs. 22.96 lakh towards payment of PRP for the year 2007-08 and Rs. 5.89 lakh towards PF on leave encashment for the period from 01.04.2003 to 30.04.2005 withdrawn during the year from long term liability, as these are not payable.

Other Long Term Liability includes as on 31.03.2017 Rs. 27.10 Lakhs (As on 31.03.16 Rs. 27.10 Lakhs) towards Quantity Rebate payable to various clients / customers.

Note - 7 : Long Term Provisions

The company has classied the following as Long Term Provisions. The details of which are as given in the following table. The long term provision is based on the estimation that the amount will not be spent in next 12 months form the date of Balance sheet.

15347772

0

44897697

60245469

uksV la[;k & 10 % vU; py nkf;Ro Note - 10 : Other Current Liabilities

fooj.k Particulars As at 31.03.17 As at 31.03.16

The Company has other current liabilities as per the items listed at below :-

dEiuh esa vU; py nkf;Ro fuEu gS %&(`)

1- deZpkjh ls lacafU/kr ns;rk, 1. Payables related to employees

2- lh-,l-vkj- ls lacf/kr ns;rk, 2. Payables related to CSR

3- iwathxr dk;ks± ls lacf/kr ns;rk, 3. Payables related to Capital Works.

4- ljdkjh foHkkxls ls lacf/kr ns;rk, 4. Payables related to Govt. Departments.

5- oS/kkfud ns;rk, ¼tSls Hkwfe dj] 5. Payables relating to statutory liabilities

ih-,Q- VªLV fcØh dj] oSV vkfn½ (Such as Payment to Land Tax, PF Trust,

CST, Vat etc.)

6- y?kq ,oa e/;e miØeksa ls lacaf/kr 6. Payables related to Small and Medium

ns;rk, Enterprises (SMEs).

7- vfxze ,oa izfrHkwfr tek,a 7. Earnest Money & Security Deposit

Payables related to employees pertains to the salary and related outstanding payments for the month of March.

ns; nkf;Roksa esa deZpkfj;ksa dk ekpZ ds eghus dk cdk;k osru o vU; ns; ds Hkqxrku 'kkfey gSA

fuxe dk lkekftd nkf;Ro %dEiuh vf/kfu;e 2013 dh /kkjk 135 esa lh ,l vkj dks 'kkfey fd, tkus ds dkj.k] dEiuh dks vius iwoZ ds 3 o"kksZ ds]/kkjk 198 ds vUrxZr vftZr]vkSlr 'kq) ykHk dk 2% lh ,l vkj ij O;; djuk vko';d gSA ftlds vuqlkj dEiuh dks ̀ 101-09 yk[k ¼ ̀

93-91 yk[k½ fiNys o"kZ dk O;; djuk FkkA ftlesa ls ` 101-12 yk[k ¼fiNys o"kZ ̀ 97-97½ O;; fd;s x;sA

jkW;YVh %ljdkjh foHkkxksa ls lEcfU/kr ns;rkvksa esa [kuu foHkkx }kjk ;kfpr 5 gsDVsvj okyh dkouh ls lEcfU/kr ` 597-47 yk[k ¼fiNys o"kZ

` 597-47 yk[k½ lfEefyr gSA blds vfrfjDr ` 114-39 yk[k ¼fiNys o"kZ ̀ 114-39 yk[k½ odZ ijfeV ds fy, o ̀ 216-05 yk[k ¼fiNys o"kZ ` 217-21 yk[k½ o filkbZ esa gq, uqdlku ij vf/k'kqYd ds 'kkfey gSA

Hkwfe dj %oS/kkfud ns;rkvks esa ` 47-93 yk[k ¼fiNys o"kZ ` 1861-08 yk[k½ Hkwfe dj ds 'kkfey gSA o"kZ 2016&17 ds nkSjku ̀ 1813-17 yk[k dk izko/kku okfil fy;k x;k D;ksafd jktLFkku ljdkj }kjk yxk;s x, Hkwfe dj dks fnukad 1-04-2013 ls rhu o"kZ gks x, gSaA

73


2520592 3297047

454838 8304635

550450 0

113150996 138853216

9633098 190936944

1700 273105

13355555 10762436

139667229 352427383

CSR

Owing to the inclusion of CSR in new Companies Act, 2013 vide section 135, the company has to spent 2% of average net prots of immediately preceeding 3 years (as computed according to section 198), which amounts to Rs.101.09 lakh for 2016-17 (previous year Rs.93.91 lakh), against which Rs.101.12 lakh (previous year Rs.97.97 lakh) was spent during the year .

Royalty

Payable related to Govt. Departments includes Rs. 597.47 lakhs (Previous year Rs. 597.47 lakhs) being provision made as per the demand raised by DMG in respect of Kaoni 5 ha. Mines and Rs. 114.39 lakhs (Previous year Rs. 114.39 lakhs) towards production against working permits and Rs. 216.05 lakhs (Previous year Rs.217.21 lakhs) towards royalty on grinding losses and royalty on IBM rate differntial amount.

Land Tax

Payable relating to statutory liabilities mainly includes Rs.47.93 Lakh (Previous year Rs.1861.08 Lakh) towards Land Tax. During the year 2016-17 excess provision amounting to Rs.1813.17 lakhs has been withdrawn as three years has been lapsed from the date (01.04.2013) of abolition of land tax by the State Government of Rajasthan and there is no demand.

uksV la[;k & 11 % vYidkyhu izko/kku Note - 11 : Short term Provisions

The short term provisions on account of employee benefits, Corporate Tax, dividend and dividend tax is as given in the table below.

deZpkjh dY;k.k] fuxe dj] ykaHkk'k ij dj ds fy, fuEu fofHkUu vYidkyhu izko/kku fd;s x;s gS %&

The short term provision for employee benefit includes Rs.39.09 Lakh towards PRP pertaining to the years 2015-16 & 2016-17 as on 31.03.17 (previous year Rs.79.85 Lakh pertaing to the years 2014-15 and 2015-16 as on 31.03.2016) and Rs.100.00 lakhs (previous year Rs.100.00 lakhs) towards medical care corpus for retired employees.

An amount of Rs.1291.05 Lakh has been provided towards Corporate tax including interest u/s 234B & 234C for the year 2016-17 (Previous Year Rs.1612.21 Lakh) on the basis of assessable income at the tax rates applicable to the relevant assessment years. The amount of provision is adjusted against the advance tax and TDS on interest income amounting to Rs.1100.00 Lakh, Rs.169.14 Lakh respectively (Previous year Rs.1410.00 Lakh, & Rs.174.91 Lakh respectively)

1- deZpkjh dY;k.k ds fy, izko/kku Provision for employees benefits

2- isa'ku va'knku ds fy, izko/kku Provision Pension Contribution

3- funs'kd e.My }kjk izLrkfor ykHkak'k Dividend proposed by board of

directors for Current Year

4- ykHkka'k ij dj Dividend Tax

5- laifr;ksa ij gkfu ds izko/kku Provision for Losses (Fixed Assets)

6- fuxe dj Corporate Tax 2016-17 2015-16

orZeku o"kZ esa dj ds fy, izko/kku Provision for Taxation for Current Year 129104937 161221495

?kVko % pqdk;k x;k vfxze dj Less : Advance Tax Paid during the (110000000) 141000000

?kVko % cSadks }kjk Hkstk x;k vfxze dj Less : TDS remitted by banks (16913867) (17490839)

?kVko % eSV tek dk lek;kstu Less : MAT Credit Availment 0 0

2191070 2730656

dqy Total

15189274

0

118742760

24173235

0

2191070

160296339

Other Current Liabilities

The liability related to current maturities of long term debt, finance lease obligations, interest accrued but not due & due on borrowings, income received in advance, unpaid dividends, application money received for allotment of securities & due for refund & interest accrued thereon & unpaid matured deposits & debentures & interest accrued thereon are NIL.

fooj.k Particulars 2016-17

(`)

vU; py nkf;Ro %

nh?kZ dkyhu _.kksa dh ifjiDork ls lacfU/kr ns;rk,] foÙkh; iV~Vks ij nkf;Ro] mikftZr ,oa vuqikftZr C;kt] vfxze vk;] u pqdk;k x;k ykHkka'k] vkoaVu ds fy, izkIr vkosnu i= ds /ku ,oa mu ij vftZr C;kt] u pqdkuh x;h tek,] _.ki=ksa ,oa mu ij vftZr C;kt ds :i esa dEiuh ij dksbZ nkf;Ro ugha gSA

vYidkyhu izko/kkuksa esa fnuakd% 31-03-17 dks deZpkjh dY;k.k 'kh"kZd ds vUrZxr o"kZ 2015&16 o 2016&17 ds fy, ` 39-09 yk[k dk ns; PRP 'kkfey gS ¼fnukad 31-3-16 dks o"kZ 2014&15 o 2015&16 ds fy, ̀ 79-85 yk[k½A blds vfrfjDr ̀ 100 yk[k ¼fiNys o"kZZ ̀ 100 yk[k½ dk izko/kku lsokfuo`r deZpkfj;ksa ds fy, fpfdRlk ns[kHkky dks"k ds :i esa fd;k x;k gSA

o"kZZ 2016&17 ds fy, dj fu/kkZj.k vk; ij ykxw lEcfU/kr njksa ls] /kkjk 234 B ,oa 234 C ds vUrxZr fuxe dj o ml ij C;kt ds :i esa ̀ 1291-05 yk[k ¼fiNys o"kZZ ̀ 1612-21 yk[k½ dk izko/kku fd;k x;kA bl jkf'k dks vfxze dj 1100-00 yk[k ¼fiNys o"kZZ ` 1410-00 yk[k½ o L=ksr ij dj ` 169-14 yk[k ¼fiNys o"kZ ` 174-91yk[k ½ ds fo:) lek;ksftr fd;k x;kA

74


2015-16

19292083

0

102617200

20890450

0

2730656

145530389

uksV la[;k & 12 % vpy lEifÙk;k & ewrZ Note - 12 : FIXED ASSETS - TANGIBLE

1- [kf.Mr lEifRr;ka %

dEiuh esa fdlh izdkj dh VwVh&QwVh ¼[kafMr½ lEifÙk;k ugha gS vkSj bu ij gkfu Hkh 'kwU; gSA

2- O;kolf;d la;kstu }kjk IykUV]lEifr o midj.k dk vf/kxzg.k%&o"kZ ds nkSjku dEiuh esa fdlh Hkh izdkj dk IykUV] lEifÙk o midj.k dk vf/kxzg.k O;olkf;d la;kstu }kjkugha fd;k gS vr% bl ij 'kwU; izdVhdj.k gS

3- vpy lEifr;ks dk fuiVku % o"kZ ds nkSjku vpy lEifr;ksa] ftudk okLrfod ewY; `3-11 yk[k ¼fiNys o"kZ `3-07 yk[k½ Fkk ,oa ml ij âkflr ewY; `0-82 yk[k ¼fiNys o"kZ ̀ 0-36 yk[k½ Fkk dks ̀ 0-75yk[k ¼fiNys o"kZ ̀ 0-18 yk[k½ :i;s ij fuiVku fd;k x;k gSA

4- rqyu i= dh frfFk ij dEiuh ds ikl fdlh Hkh izdkj dh iV~Vs dh lEifr;k¡ ugha gSA

5- vpy lEifr;ksa dk izR;{k lR;kiu fd;k x;k gS ftu ij dksbZ cMh folaxfr;k ugh izkIr dh x;h vkSj ekewyh folaxfr;ks dk feyku fd;k x;k gS vkSj mUgs iznku fd;k x;k gSA

6- dEiuh ds ikl gehjk tSlyesj esa 25-10 ch/kk ¼41277-817 oxZ eh-½] jkeflagiqj Jhxaxkuxj esa 1-02 ch/kk ¼2780 oxZ ehVj½] lwjrx<+ Jhxaxkuxj esa 10000 oxZ xt ¼8361 oxZ ehVj½ o foosd fogkj tks/kiqj esa JDA }kjk vkoafVr 1560 oxZ ehVj Hkwfe o"kZ gSA dCts ,oa izys[ku lEcfU/kr lHkh izfØ;k;s iwjh dh tk pqdh gSA

1. IMPAIRED ASSETS:

There are no impaired assets in the Company and the accumulated impairments are NIL.

2. ACQUISITION OF PPE THROUGH BUSINESS COMBINATION :

There are no Plant , Property and Equipment (PPE) acquired by the Company through Business Combinations during the year and disclosure in this head are NIL.

3. DISPOSAL OF FIXED ASSETS:

During the year fixed assets having original value of Rs. 3.11 lakh (previous year Rs.3.07 lakh) with WDV of Rs.0.82 Lakh (previous year Rs.0.36 lakh) were disposed off for an amount of Rs. 0.75 lakh (previous year Rs.0.18 lakh).

4. There is no lease hold property acquired by the Company as on Balance Sheet date.

5. Physical verification of Fixed Assets was carried out and no major discrepancies are noticed and the minor discrepancies have been reconciled.

6. Free hold land measuring a) 25.10 Bigha (41277.817 Square Meters) at Hamira, District Jaisalmer, (b) 1.02 Bigha (2780 Square Meters ) at Ramsinghpur, District Sriganganagar and (c) 10,000 Square Yards (8361 Square Meters) at industrial area of Suratgarh City Distt. Sri Ganga Nagar , (d) 1560.00 square metres land acquired from JDA at Vivek Vihar, Jodhpur (Rajasthan) are in the possession of the Company and documentation is completed in all respect.

75


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kSjku á

l ¼vewr

Z lEifr;ka½

dqy ¼ykHk v

kSj g

kfu [

kkrs e

sa n'kkZ;k x;k½

2739

510

8014

4

2819

654

De

pre

cia

tion

Du

rin

g th

e Y

ea

r (T

an

gib

le A

sse

ts)

De

pre

cia

tion

Du

rin

g th

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ea

r (I

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ible

Ass

ets

)

Tota

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Pro

fit &

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ss A

/C)

2739

510

8014

4

2819

654

5100

48

5977

17

8570

4872

2937

7304

6338

52

5461

83

2061

2725

1791

6502

1143

900

1143

900

1063

1759

7

4729

3806

(`)

uksV la[;k & 14 % iwathxr pkyw dk;Z Note - 14 : Capital Work in Progress

1. SSP Project : Up to 31-3-2017 an amount of Rs. 593.56 lakhs (Previous year Rs. 563.17 lakhs) was incurred towards cost of land admeasuring 11.01 ha. acquired from State Government at Chittorgarh and other related expenses, including TEFR study amounting to Rs. 7.48 lakhs (previous year Rs. 7.48 lakhs), for installation of Single Super Phosphate( SSP) plant.

2. White Cement Project : Up to 31-3-2017 an amount of Rs 12.90 lakhs (including Rs. 3.12 lakhs on TEFR study) (Up to 31-3-2016 an amount of Rs 7.02 lakhs including Rs. 3.12 lakhs on TEFR study) was spent towards installation of White Cement Project in the state of Himachal Pradesh.

3. Office Building at Vivek Vihar, Jodhpur: Up to 31.03.2017 an amount of Rs.13.09 lakh was incurred on various acivities in relation to construction of office building.

1- ,l-,l-ih- ifj;kstuk %& ,l,lih l;a =a dh LFkkiuk ij fnukda 31-03-2017 rd 93-56 yk[k ¼fiNys lky ` 5 ` 563 '-17 yk[k½ dh jkf k eas jkT; ljdkj ls vf/kxzfgr fprkSMx< eas 11-01 gSDV;s j] Hkfw e dh ykxr] Vhb,Qvkj v/;;u dh jkf'k 7-48 yk[k ¼fiNys lky 7-48 yk[k½ ,oa ` ` vU; O;; 'kfey gSaA

2- lQsn lhesaV ifj;kstuk %& fgekpa y inz 's k ea s lQns lheVas Iyk.V dh LFkkiuk ij fnukda 31-03-2017 rd 12-90 yk[k ` dh jkf'k ¼fiNys o"kZ 3-12 yk[k½ Vhb,Qvkj v/;;u ds ` 'kkfey gAS ¼fnukda 31-03-2016 ea s 7-02 yk[k dh jkf'k O;; ` dh xbAZ ftlea s Vhb,Qvkj v/;;u ds 3-12 yk[k lfEefyr ` FkAs ½ ;g jkf'k fgekpa y inz 's k ea s lQns lheVas ifj;ktss uk ij O;; dh xbAZ

3- tks/kiqj foosd fogkj esa dk;kZy; dh bekjr %& 31-03-2017 rd 13-09 yk[k Hkou fuekZ.k lacaf/kr xfrfof/k;ksa esa `

,l- ,l- ih- ifj;kstuk lQsn lhesaV ifj;kstuk

dk;kZy; dh bekjr foosd fogkj

SSP Project

White Cement Project

Office Building at Vivek Vihar

Total

56316736

702160

0

57018896

(`)uksV la[;k & 15 % fodkl'khy vewrZ lEifÙk;k Note - 15 : Intangible Assets under Development

dEiuh ds ikl dksbZ Hkhvfodflr vewrZ lEifÙk ugha gSA

There are no intangible assets under

development in the CompanyTotal

NIL

0

NIL

0

(`)uksV la[;k & 16 % vpy fuos'k Note - 16 : Non Current Investments

The company has not invested in Equity instruments, Preference Shares, Government or Trust Securities, Debentures or Bonds, Mutual Funds, Partnership Funds or any other instruments whether secured or not in open market or in subsidiaries, associates, Joint Ventures or Controlled Special Purpose Entities. Therefore, the disclosure under this head as stipulated in the Schedule III of Company's Act, 2013 is Rs. Nil.

dEiuh us ljdkjh vFkok xSj ljdkjh lqjf{kr vFkok vlqjf{kr izfrHkwfr;ks tSls lerk va'kks] vf/kekuh va'kks] ljdkjh izfrHkwfr;k] _.k i= vFkok ckWM] E;wP;qvy QUM] lgk;d dEifu;ksa es fofuo'k] lglEcU/k] fo'ks"k iz;kstu ds fy, fufeZr dEiuh bR;kfn esa fofu;kstu ugha fd;k gS vr% daiuh vf/kfu;e 2013 dh vuqlwph III ds vUrxZr 'kwU; izdVhdj.k gSA

NIL NIL




78


59355793

1289567

1309272

61954632

fooj.k ParticularsDeferred Tax Assets

(-)/Liability (+) As on

31.03.2016

Provision for

the Year

(`)

uksV la[;k & 17 % LFkfxr dj Note - 17 : Deferred Tax Assets (Net)

17.1 In accordance with Accounting Standard – 22 relating

to “Accounting for Taxes on Income”, the deferred tax

Assets of 585.11 Lakh (Previous year 1220.63 Rs. Rs.

Lakh) and Tax expenses 635.52 Lakhs (Previous Rs.

year Tax Expenses 171.68 Lakh) has been Rs.

recognised. The components of Deferred Tax

liability/assets are given in the table below :

17.2 Deferred Tax Assets as per the details recognised in

the books as given below:-

Deferred Tax Assets

(-)/Liability (+) As on

31.03.2017

dEiuh vf/kfu;e ,oa vk; dj vf/kfu;e Difference between WDV as per

ds vuqlkj gkflr ewY; esa vUrj Company's Act / IT Act.

lafnX/k vxzheksa ds fy;s izko/kku Provision for Doubtful Advances

vizpfyr Hk.Mkjks ds fy, izko/ku Provision for Obsolescence of Stores

jkds dkj.k ds fy, ikz o/kku Provision for Leave Encashment

nkf;Ro /kkjk 45 ¼c½ ds vUrxZr Liability under Section 43 (B)

vk;dj ds vUrxZr Lohd`r O;; Exp. Allowable for Tax purpose

when paid

vkj- ,.M Mh- ds fy, izko/kku Provision for R&D

Hkwfe dj ds fy, izko/kku Provision for Land Tax

dqy Total

79


1370686 1138926 231760-

8329883 8329883 0- -

204423 204423 0- -

5241523 4925592 315931- -

- - 45201994 44484170 717824

47413 47413 0- -

64408427 1658711 62749716- -

- - 122062977 58511266 63551711

17-1 vk; ij dj ls lacfU/kr ys[kkdu ekud & 22 ds vUrxZr

` 585-11 yk[k ¼fiNys o"kZ ̀ 1220-63 yk[k½ dks LFkfxr dj

;ksX; lEifÙk] ` 635-52 yk[k ¼fiNys o"kZ `171-68 yk[k½

dks dj O;;ds :i esa fn[kk;k x;k gSA LFkfxr dj ds

nkf;Ro@lEifÙk;ksa ds ?kVd uhps lkj.kh es of.kZr gSA

17-2 LFkfxr dj lEifÙk;ks dks ys[kks esa fuEu izdkj ls fn[kk;k

x;k gSA

uksV la[;k&18 % nh?kZdkyhu _.k ,oa vfxze ¼vpy½ Note - 18 : Long term Loans & Advances (Non - Current)

(`)


80


¼v½ iwathxr vfxze (A) Capital Advances

¼i½ lqjf{kr&vPNs (i) Secured - Considered Good

¼ii½ vlqjf{kr&vPNs (ii) Unsecured - Considered Good

¼iii½ lafnX/k (iii) Considered Doubtful

¼iv½ ?kVko%[kjkc ,oa lafnX/k vfxze ds fy, izko/kku (iv) Less : Allowance for Bad & Doubtful Advance

dqy ¼v½ Total (A)

¼c½ lqjf{kr tek (B) Security Deposits

¼i½ lqjf{kr & vPNs (i) Secured - Considered Good

¼ii½ vlqjf{kr & vPNs (ii) Unsecured - Considered Good

¼iii½ lafnX/k &tek, (iii) Doubtful Deposits

¼iv½ ?kVko%[kjkc ,oa lafnX/k vfxze ds fy, izko/kku (iv) Less : Allowance for Bad & Doubtful Deposits

dqy ¼c½ Total (B)

¼l½ lacaf/kr i{kks ls _.k ,oa vfxze (C) Loans and advances to related parties



¼iii½ lafnX/k & ,Mokal (iii) Doubtful Advances

¼iv½ ?kVko%[kjkc ,oa lafnX/k vfxze ds fy, izko/kku (iv) Less : Allowance for Bad & Doubtful Advances

dqy ¼l½ Total (C)

¼n½ dEiuh ds fun's kdk]s vf/kdkfj;k]as Qek]±s futh (D) Loans and advances due by directors or

dEifu;ks ftlea s os fun's kd] lk>ns kj] lnL; gS officers of the company or any of them either

,dy vFkok la;qDr :ils ns; _.k vFkok vfxze severally or jointly with others or by firms or

private companies respectively in which any director is partner or a member.



¼iii½ lafnX/k & vfxze (iii) Doubtful Advances

¼iv½ ?kVko% [kjkc ,oa lfa nX/k vfxez ds fy, ikz o/kku (iv) Less : Allowance for Bad & Doubtful Advances

dqy ¼n½ Total (D)

¼;½ vU; (E) Other

¼i½ lqjf{kr&vPNs (i) Secured - Considered Good

¼ii½ vlqjf{kr&vPNs (ii) Unsecured - Considered Good

¼i½ fuxe dj (a) Corporate Tax

¼ii½ vU; (b) Other

¼iii½ eSV tek vf/kdkj (c) MAT Credit Entilement

¼iii½ lafnX/k (iii) Doubtful Advances

¼iv½ ?kVko% [kjkc ,oa lfa nX/k vfxez ds fy, ikz o/kku (iv) Less : Allowance for Bad & Doubtful Advances

dqy ¼;½ Total (E)

dqy tksM+ G.Total

1977745 1993645

0 0

0 0

0 0

1977745 1993645

0 0

1806288 1796256

0 0

0 0

1806288 1796256

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

2140945 799846

0 0

0 0

0 0

2140945 799846

5924978 4589747

Secured capital advance considered good Rs. 19.78 lakhs is for land at Aanganwa Village, Jodhpur (Previous year Rs. 19.94 lakhs (includes Rs. 19.78 lakhs for land at Aanganwa Village, Jodhpur and Rs. 0.16 lakhs towards fee for construction of office building at Vivek Vihar, Jodhpur). Formalities of execution of lease deed & registration for Aanganwa land is in process.

No amount is available for MAT credit for the year 2016-17 and 2015-16.

81


vf/kdkj dh dqy jkf'k Total Amount of MAT credit entitlement 0

(`)


0

1- fofo/k nsunkj 1. Sundry Debtors

2- iwoZnr O;; 2. Pre Paid Expenses

2- lewg minku ;kstuk 3. Group Gratuity Scheme

4- thou chek fuxe ea s tek ¼GLES½ 4. Deposit with LIC (GLES)

?kVko% GLES ds fy, izko/kku Less : Prov. For GLES

5- vpy & iSafdx lkexzh 5. Non Moving Packing Material

?kVko&vizpyu ds fy, izko/kku Less : Provision for Obsolescence

6- vpy Hk.Mkj ,oa itq Z s 6. Non Moving Packing Stores & Spares

?kVko % Less : Provision for Obsolescence

uksV la[;k & 19 % vU; vpy lEifÙk;k¡ Note No. 19 : Other Non - Current Assets (`)


16708157

-14232525

2475632

0

00

656312

-590681

65631

16867846

-15145409

1722437

0

00

656312

-590681

65631

0 0

1430357 1162534

1787647 2364941

2475632 1722437

0 0

65631 65631

Total 30649692

7. Balance with banks for guarantee having maturity of more than 12 months

a FDRs Pledged with Mining Departments

b FDRs pledged with Agriculture Deptt.of Rajasthan for hiring MSTL Van

c FDRs pledged for dedicated railway E-freight A/C

d FDRs pledged RSPCB

10261065

178260

13650000

801100

24890425

8907527

140000

0

651100

9698627 9698627

15014170

24890425

lqjf{kr iwathxr vfxze ̀ 19-78yk[k vkxuok xkao tks/kiqj ¼fiNys o"kZ ̀ 19-94 yk[k ¼` 19-78 yk[k vkxuok xkao tks/kiqj esa Hkwfe ds fy, ,ao ̀ 0-16 yk[k foosd fogkj Hkwfe ij dk;kZy; fuekZ.k dh 'kqYd ds 'kkfey gSA½ vkaxuok xkao fLFkr Hkwfe dk iathdj.k izfØ;kf/ku gSA

2016&17 ,oa 2015&16 ds fy, eSV ØsfMV ds fy, dksbZ jkf'k miyC/k ugh gSA

7- 12 ekg ls vf/kd dh ifjiDork j[kus okyh xkjaVh ds fy, cSadks ds lkFk 'ks"k

¼v½ [kuu foHkkxksa ds lkFk ,Q Mh vkj izfrHkwfr

¼c½ ,e ,l Vh ,y oSu dks ysus ds fy, jktLFkku ds Ñf"k foHkkx ds lkFk izfrHkwfr ¼l½ bZ&ÝsV ds fy, jsyos dks ,QMhvkj izfrHkwfr

¼n½ vkj ,l ih lh ch ds lkFk ,Q Mh vkj izfrHkwfr

The balance in the account of Group Leave Encashment

Scheme is Rs.167.08 Lakhs (Previous year Rs.168.68

Lakhs) out of this Rs.142.33 Lakh (Previous Year Rs.151.45

Lakh) is current liability and balance amount Rs.24.76 Lakh

(Previous Year Rs.17.22 Lakh) is recognized as Other Non

Current Assets. This fund is pursuant to the defined benefit,

post retirement plans of employees, details of which are

disclosed in the appropriate note on Employee Benefits of

P&L Account. Refer note no.32 for more details.

The value of Packing Materials amounting to Rs. NIL (

Previous Year Rs. NIL ) have been recognised as Non-

Current Inventory items which are not expected to be utilised

in the next 12 months (Operating Cycle). The value of Stores

& Spares amounting to Rs. 6.56 Lakhs ( Previous Year Rs.

6.56 Lakhs) have been recognised as Non-Current Inventory

items which are not expected to be utilised in the next 12

months (Operating Cycle). Against non moving stores &

spares of Rs. 6.56 lakh, a provision of Rs. 5.90 lakh was

made in previous years in the books towards obsolescence /

diminution in value. No further provision is required.

Balance with banks for guarantees having maturity of more

than 12 months has been classified as Non current assets

erstwhile apppearing in current assets.

FDRs amounting to Rs. 248.90 lakh (previous year Rs.

96.99 lakh) pledged with different government departments

are having a maturity period of more than 12 months are

given as security - Rs. 102.61 lakh to mining department,

Rs. 1.78 lakh to Agriculture Department Rajasthan for MSTL

Van, Rs. 136.50 lakh to Railway for e-freight facility, Rs. 8.01

lakh to Rajashan State Pollution Control Board.

ys[kksa es lewg jksd dj.k ;kstuk dk 'ks"k ` 167-08 yk[k ¼fiNys o"kZ ̀ 168-68 yk[k½ n'kkZ;k x;k gSA ftlesa ls ̀ 142-33 yk[k ¼fiNys o"kZ ̀ 151-45 yk[k½ py nkf;Ro gS vkSj 'ks"k ` 24-76 yk[k ¼fiNys o"kZ `17-22 yk[k½ dks vU; vpy lEifÙk;ks ds :i esa LohÑr fd;k x;k gSA ;g dks"k lsokfuo`Ùk i'pkr ykHk ls lEcfU/kr gS ftudk fooj.k ykHk&gkfu [kkrs ds deZpkjh dY;k.k 'kh"kZd esa fn;k x;k gSA Ñi;k uksV la- 32 dk voyksdu djsaA

vxys ckjg eghus esa iz;qDr u gks ldus okyh iSfdax lkexzh 'kwU; ¼fiNys o"kZ 'kwU;½ dks vpy jgfr;ksa esa n'kkZ;k x;k gSA vxys 12 eghus esa u iz;qDr gksus okys LVkslZ ,oa Lis;lZ lkexzh ` 6-56 yk[k ¼fiNys o"kZ ` 6-56 yk[k½ dks vpy jgfr;kas esa n'kkZ;k x;k gSA vpy LVkslZ ,oa Lis;lZ ds ̀ 6-56 yk[k esa ls] ̀ 5-90 yk[k dks VwVQwV ,oa ewY; ál ds :i esa fn[kk;k x;k gSA vkxs dksbZ Hkh izko/kku dh vko';drk ugha gSA

12 ekg ls vf/kd dh ifjiDork okys cSadks dh xkjaVh dks vpy laifr;ksa dks :i esa oxhÑr fd;k x;k gS tksfd igys py laifr;ksa ds :i esa fn[kkbZ tk jgh FkhA

` 248-90 yk[k ¼fiNys o"kZ ` 96-99 yk[k½ ds ,QMhvkj dh jkf'k dks fofHkUu ljdkjh foHkkxks ds ikl 12 eghus ls vf/kd dh ifjiDork vof/k dh lqj{kk xkjVa h ds :i eas nh xbZ gSA ftueas ls ̀ 102-61 yk[k [kuu foHkkx ds ikl ̀ 1-78 yk[k ,e ,l Vh ,y oSu ds fy, jktLFkku Ñf"k foHkkx ds ikl ̀

136-50 yk[k bZ&ÝVs dh lqfo/kk ds fy, jys os dks rFkk ̀ 8-01 yk[k jktLFkku jkT; izn"w k.k fu;=a .k ckMs Z ds ikl j[ks x, gSA

uksV la[;k & 20 % py fofu;ksx %& Note - 20 : Current Investment

The Company has neither invested in Trade Investments

nor in Non-Trade Investments (Quoted or Un Quoted). There

is no investment in equity instruments, preference shares,

debentures / bonds, Mutual Funds, Govt. or Trust Securities.

Therefore, the diminution in value of such instruments is NIL.

dEiuh us fdlh Hkh izdkj dk O;kikfjd ,oe~ xSj O;kikfjd

fofu;ksx fdlh Hkh izfrHkwrh esa tSls lerk va'kks] vf/kekuh va'kks]

_.k i=ks] ckWM~l] E;w+P;qy QaMl o ljdkjh izfrHkwfr;ksa esa ugh

fd;k x;k gS vr% bu ij ewY; gkl 'kwU; gSA

(`)


82


uksV la[;k & 21 % jgfr;k¡ Note - 21 Inventories

izcU/ku }kjk izekf.kr jgfr;k Inventories as valued & certified by the Management

1- dPph lkexzh@iSfdax lkexzh 1. Raw Materials / Packing

¼Bsdsnkj ds ikl ` 18]03]030@&½ Material (Lying with Contractors

¼fiNys o"kZ 30]28]595@&½ Rs. 18,03,030/-) (Previous Year 30,28,595/-)

?kVko % vpy jfgr;ksa dks vpy Less : Non-Moving Inventory

lEifÙk ekuk x;k considered as Non-current Assets

2- dk;Z izxfr ij 2. Work in Progress

3- rS;kj eky&ftIle 3. Finished Goods - Gypsum

4- LVkslZ vkSj Lis;j ikVZ~l ¼ekxZ esa 4. Stores & Spares Parts

` 'kwU;½ (Incl. In - Transit Rs. NIL) ?kVko % vpy jgfr;ks dks vpy Less :-Non-Moving Stores &

lEifÙk ekuk x;k Spares considered as Non- Current Assets

5- QqVdj vkStkj 5. Loose Tool

6- jn~nh 6. Scrap

dqy Total

16216458

0

723462

656312

16216458

19684066

67150

0

0

00

00

35967674

0

mijksDr Jsf.k;ksa ds ^ekxZ esa* ensa 'kwU; gSaA The Items in Transit in all the above categories are nil.

jgfr;ksa dk ewY;kadu iSfdax lkekxzh] LVkslZ vkSj Lis;lZ dk ewY;kadu Hkkfjr vkSlr ykxr ;k 'kq) olwyh ewY; tks Hkh de gks ds vk/kkj ij fd;k tkrk gSA pkyw dk;Z dk ewY;kadu ykxr vkSj 'kq) olwyh ;ksX; ewY; nksuksa esa ls tks de gks ml ij fd;k tkrk gSA rS;kj eky dk ewY;kadu Hkh ykxr ,oa 'kq) olwyh ;ksX; ewY; nksuksa esa ls tks de gks ml ij fd;k tkrk gSA o"kZ Hkj jgfr;ksa dk izR;{k lR;kiu fd;k x;k gS vkSj folaxfr;ks dks uhps of.kZr fd;k x;k gSA

¼1½ iSfdax lkexzh dh deh@vf/kdrk&'kwU; ¼fiNys o"kZ 'kwU;½

¼2½ rS;kj eky%&deh@vf/kdrk&'kwU; ¼fiNys o"kZ 'kwU;½¼3½ LVkslZ vkSj Lis;lZ&deh@vf/kdrk&'kwU; ¼fiNys

o"kZ 'kwU;½

vpy iSfdax lkefxz;ksa:- 'kwU; ¼fiNys o"kZ 'kwU;½ ,oa LVkslZ `

,oa Lis;lZ ewY; 6-56 ¼fiNys o"kZ 6-56 yk[k ½ dks vpy ` `

jgfr;ks ds :i esa uksV 19 esa of.kr fd;k x;k gSA

Valuation of Inventory

The valuation of the Packing materials and Stores and spares is done on weighted average cost or net realizable value whichever is lower. Work in Progress is valued at cost or net realizable value whichever is lower. The Valuation of inventory of finished goods is done at cost or net realizable value whichever is lower and as certified by the management

Physical verification of Inventories was carried out during the year and discrepancies noticed as given below.

i) Packing Material Shortages/ Excess Nil- ( Previous Year Nil.)

ii) Finished Goods: Shortages/ Excess Nil- ( Previous Year Nil.)

iii) Stores & Spares Shortages/ Excess Nil- ( Previous Year Nil.)

The value of Non-Moving Packing Material amounting to Rs. Nil (Previous year Rs.Nil ) and stores & Spares amounting to ` 6.56 lakhs (Previous year ` 6.56 Lakh) are treated as Non-Current Inventory items & disclosed in Other Non-Current Assets In Note No. -19.

(`)


16089002

0

686245

656312

0

0

00

16089002

42632768

29933

00

58751703

0

83


uksV la[;k & 22 % O;kikfjd izkO; Note No. - 22 Trade Receivables

¼v½ 6 efgus ls vf/kd O;kikfjd izkO; (A) Trade Receivables Outstanding for more than Six Months form the date they became due for payment¼1½ lqjf{kr & vPNs (1) Secured - Considered Good¼2½ vlqjf{kr & vPNs (2) Unsecured - Considered Good¼3½ lafnX/k (3) Considered Doubtful¼4½ ?kVko% cjq s ,oa lfa nX/k _.k ds fy, ikz o/kku (4) Less : Allowance for Bad & Doubtful Debtsdqy ¼v½ Total (A)

¼c½ vU; _.k (B) Other Debts¼1½ lqjf{kr & vPNs (1) Secured - Considered Good¼2½ vlqjf{kr & vPNs (2) Unsecured - Considered Good¼3½ lafnX/k (3) Considered Doubtful¼4½ ?kVko % cjq s ,oa lfanX/k _.k ds fy, ikz o/kku (4) Less : Allowance for Bad & Doubtful Debtsdqy ¼c½ Total (B)

dqy ¼v $ c½ Total (A + B)

mijksDr Included in the Above

¼1½ uksV%dEiuh ds funs'kdksa] vf/kdkfj;ksa (1) Note : Debts due by directors or officers of the¼,dy vFkok la;qDr :i ls½ QeksZ] futh company or any of them either severally or dEifu;ksa ftlesa os funs'kd] lk>snkj ;k jointly with others or by firms or privatelnL; gS] ls ns; _.k companies respectively in which any directors is a partner or a director or Member :

¼2½ O;kikfjd ikz O; ds 'k"s k dk ifq "Vdj.k ugha (2) Balances appearing as trade receivables arefd;k x;k gS gkyakfd vf/kdrj n'kkvksa esa subject to confirmation. However, in most of thebls 31-3-2017 ls igys gh izkIr dj case the amounts have been realized after thefy;k x;k gSA year ended on 31.03.2017

NIL NIL

(`)


0

1405490

0

0

1405490

0

83866660

0

0

83866660

85272150

(3) An amount of Rs.1.21 lakh (previous year Rs.NIL) due from M/s RajFED has been waived/written off during the year.

(4) The Unsecured Considered Good consists of outstanding dues from M/s UPBSN Rs. 850.73 lakh (previous year Rs. 1112.15 lakh), M/s HLRDC Rs. 1.23 lakh (previous yesr Rs. 31.25 lakh), M/s RajFed Rs.Nil (previous year Rs. 3.15 lakh), M/s Binani Cement Rs. 0.73 lakh (previous yar Rs. Nil) towards sale of gypsum.

¼3½ o"kZ ds nkSjku ` 1-21 yk[k dh jkf'k ¼fiNys o"kZ “kwY; ½ tks fd eSa jktQsM ftIle ls lacaf/kr Fkh NwV nh xbZ A ¼4½ vlqjf{kr &vPNs izkI;ksa esa ftIle dh fcØh ls lacaf/kr eS ;w-ih- ch-,l- ,u }kjk ` 850-73 yk[k ¼fiNys o"kZ ` 1112-15 yk[k½] eS0 ,p,yvkMhlh }kjk ̀ 1-23 yk[k ¼fiNys o"kZ ̀

31-25 yk[k½ eS0 jktQSM }kjk ` 'kwU; ¼fiNys o"kZ ̀ 3-15 yk[k½eS0 fcukuh lhesaV }kjk ̀ 0-73 yk[k ¼fiNys o"kZ ` 'kwU;½ dh cdk;k jkf'k Hkh lfEefyr gSA

84


0

1290688

0

0

1290688

0

113370636

0

0

113370636

114661324

uksV la[;k & 23 % uxn ,oa cSad 'ks"k Note No. - 23 Cash and Bank Balance1. The company has not received any security deposits from its

employees pursuant to the provisions of Companies Act,20132. The company has paid entire dividend declared by AGM within the

stipulated time and nothing is outstanding as unpaid and the account shows nil balance.

3. The company has not raised any money through Public Issue.4. The company has no money kept in Escrow Account for payment of

buyback consideration.5. The Value of FDRs pledged with Banks as guarantees and other

commitments to the Banks, as on the date of balance sheet are separately disclosed in the following Table.

1- dEiuh vf/kfu;e] 2013 ds izko/kku ds vuqlkj dEiuh us vius deZpkfj;ksa ls fdlh Hkh izdkj dk lqjf{kr tek izkIr ugh fd;k gSA

2- dEiuh us lEiw.kZ ykHkka'k dks le; lhek ds vUrxZr Hkqxrku dj fn;k gS vr% blesa dksbZ vn~r 'ks"k ugh gSA

3- dEiuh us lkoZtfud fuxZe }kjk dksbZ iSlk ugh fy;k gSA4- dEiuh us va'kks dks okil [kjhn ds fy;s dksbZ Hkh /ku LØks ,dkmUV

esa ugha j[kk gSA5- cdaS ks ds ikl iRz ;kHkfw r ,oa vU; ifz rc)ka s ds fy, dNq jkf'k ds

lokf/k tek i=ka s dks c/a kd j[kk x;k gS bldk fooj.k fuEu gAS

¼v½ udn ,oa udn rqY; (A) Cash & Cash equivalent

1- pSd Mªk¶V gkFk esa 1. Cheque, Drafts in Hand

2- udn gkFk esa 2. Cash on Hand

3- vU; bEizsLV 3. Other Cash with Impressed Holders

4- vU; cSadksa esa 'ks"k 4. Other Bank Balances

& - With PSU Banks ljdkjh cSad & - With other Cooperate Banks vU; fuxfer cSad & ikjxeu esa izs'kd - Remittance in transit*

5- 3 eghus rd dh cSadks ds 5. Bank deposits with original

'ks"k dh ifjiDork maturity upto 3 months

dqy (v½ Total "A"

¼c½ vU; cSad 'ks"k (B) Other Bank Balances

1- 12 efguksa ls vf/kd dh 1. Bank Deposits with More than

ifjiDork dk 'ks"k 12 months maturity

2- 3 ekg ls vf/kd ijarq 12 ekg original 2. Other Bank Deposits with

ls de dh ifjiDork dh maturity more than 3 months but less

vU; cSad esa tek jkf'k than 12 months

3- cSadksa ds le{k ca/kd 12 3 Balance with banks for guarantees

eghus ls de dh ifjiDork having maturity of less than 12 months

¼i½ UPBSN ds fy, cSad xkjaVh a for securing bank FDRs Pledged

gsrq tek lokf/kizek.k i= guarantee for UPBSN

¼ii½ jsyos bZ&eky HkkM+k ds fy, b FDRs pledged for dedicated

lefiar lokf/kizek.k i= railway E-freight A/C

0

13217

38746

64820879

0

64872842

0

18712713

108166

46000000

1948021066

68380000

0

68380000 68380000

2016401066

2081273908Grand Total "A+B"

(`)


85


41000

80133

64273

39395694

0

39581100

0

1865053224

79292669

1944345893

1983926993

57030000

22262669

79292669

37542439

1853255

0

Total "B"

*Remittance in transit is the amount remitted to various banks through RTGS on 31.03.2017 for parking of funds in FDR but the same was not credited to respective banks due to technical error, the same was credited as follows: Rs. 250.00 lakh on 03.04.2017 in ICICI Bank, Rs. 30.00 lakh on 03.04.2017 in Andhra Bank, Rs. 150.00 revert back in current account with SBI on 05.04.2017, Rs. 30.00 lakh on 07.04.2017 in PNB.

* fnukad 31-03-2017 dks dqN rduhfd dfe;ksa ds dkj.k vius vius cSad [kkrs esa ØsfMV ugh gks lds A gkykafd ;s QaM 31-03-2017 ds i'pkr fofHkUu voljksa ij vius vius [kkrksa esa ØsfMV gks x;s ftudk fooj.k fuEu gS %& fnukad 03-04-2017 dks ICICI cSd esa ̀ 250 yk[k ] fnukad 03-04-2017 dks vka/kzk cSad esa ̀ 30 yk[k ] fnukad 07-04-2017 dks iatkc us'kuy cSad esa ̀ 30 yk[k o fnukad 05-04-2017 dks ,lchvkbZ esa ̀ 150 yk[k okil vk x;s A

uksV la[;k 24 % vYidkyhu _.k ,oa vfxze Note No. - 24 Short Term Loans & Advances

¼v½ 1- lEcfU/kr nyks dks _.k ,oa vfxze (A) 1. Loans and Advances to Related Parties

lqjf{kr & vPNs Secured - Considered Goods

vlqjf{kr & vPNs Unsecured - Considered Goods

lafnX/k vfxze Doubtful Advances

?kVko % [kjkc ,oa lafnX/k vfxze ds fy, izko/ku Less : Allowance for Bad and doubtful Advances

dyq Total

2- funs'kd ,oa vf/kdkfj;ksa ¼,d vFkok l;qDr 2. Loans and advance due by directors or

:i ls½ ns; _.k vkSj vfxze vFkok mu futh officers of the company or any of them

dEiuh ls@lk>snkjh laLFkk] ftlesa og Lo;a either severally or jointly with others or by

vFkok fdlh ds lkFk v'ka/kkj.k djrs gSa firms or private companies respectively in

funs'kd gS vFkok lgHkkxh gS] ls ns; _.k which any director is a partner or a member.





3- deZpkjh dks _.k ,oa vfxze 3. Loans and advances to Employees





¼c½ vfxez ¼uxn vFkok udnh ds vU; :i (B) ADVANCES - (Advances recoverable in cash

ls olwyh ;ksX; vfxze½ or in kind for value to be received)

vlqjf{kr & vPNs UNSECURED - CONSIDERED GOOD

1- Bsdsnkjksa 1. Contractors

2- vkiwfrZdrkZvksa 2. Suppliers

3- vU; 3. Others

vlqjf{kr & lafnX/k & vU; UNSECURED - Considered Doubtful - Others

?kVko % cqjs o lafnX/k vfxze ds fy, izko/kku Less : Provision for Bad and Doubtful Advances

¼l½ tek,sa % (C) Deposit

jsyos] [kuu vkSj ljdkjh izkf/kdj.kksa esa Deposit with Rly., Mining Authorities

tek & Other Govt. Authorities

tek & vPNs Considered Good

tek & lafnX/k Deposits - Considered Doubtful

?kVko & izko/kku Less : Provisions dqy Total dEiuh ds funs'kdksa }kjk ns; _.k Debts due from Directors of the Company

o"kZ ds nkSjku fdlh le; vf/kdre 'ks"k Maximum balance due at any time during the year

0

0

0

0

0

0

0

0

0

0

0

39626

0

0

30044

0

71245721

7127576524069240

(24069240)

0

61900000

619000

(Previous Yr.)

(`)


0

0

0

0

0

0

50000

0

0

0

1427362

0

0

764719224069240

(24069240)

0

6617500

66175

50000/-

50000/-

50000

(Previous Yr.)

86


71934391 9190729

2061

7182

7637949

Rs. Nil

Rs. Nil

39626 1427362

1063250 1063250

70547026 68002040

876867 836613

5572430 5572430

6133950 6133950

(11706380) 0

0 11706380 0 11706380

2016-17* 2015-16

0 0

0 0

0 0

0 0

0 0 0 0

Total 72487143 81608283


(`)uksV la[;k & 25 % vU; py lEifÙk;ka Note No. - 25 Other Current Assets

ljdkj ls mikftZr vuqnku Accrued Government

lokf/k tek ij vftZr C;kt Interest Accrued on FDRS

iwoZnÙk O;; Prepaid Expenses

Corporate Taxfuxe dj Excess Deposited in Earlier Year 2013-142013&14 esa vfrfjDr tek

Excess Deposited in Earlier Year 2014-152014&15 esa vfrfjDr tek o"kZ ds nkSjku okfil@lek;kstu Refund/Adjustment during the Year

orZeku o"kZ esa djks dk izko/kku Provision for Taxation for Current Year

?kVko% o"kZ ds nkjS ku vfxez dj dk Hkxq rku Less : Advance Tax paid during the Year

?kVko % cSadksa }kjk Hkstk x;k VhMh,l Less : TDS remitted by banks

?kVko eSV izkI; vf/kdkj Less : MAT Credit Availment

As at 31.03.17 As at 31.03.16

87


dEiuh ds deZpkfj;ksa ,oa funs'kdks dks fn;s x;s vfxze esa dEiuh ds uhfr;ksa ds vuqlkj PRP ,ao TA dh jkf'k 'kkfey gSA

fnukWd 30 ekpZ 2007 dks tkjh v/;k;ns'k ls jktLFkku ljdkj us fnukad 1-4-2006 ls 30-03-2007 55@&eS0 Vu ds nj ls `

izR;kfir fodkl 'kqYd dks okil ys fy;k x;k gSA vr% bl ij fiNys N% o"kksZ ds nkSjku cdk;k 511-13 yk[k jktFkku ljdkj `

ls ns; gSA ijUrq jktLFkku ljdkj dks yxkrkj ;kn fnykus ds ckotwn mudh vksj ls dksbZ vuqdwy izfrmRrj izkIr ugh gqvk gSA vr% bl laca/k es o"kZ 2010&11 ds nkSjku mi;qZDr jkf'k 511-13 `

yk[k dk izko/kku fd;k gSA gkyakfd dfBu ifjJe ds mijkUr mi;qZDr jkf'k esa ls dqN jkf'k dEiuh vf/kdkj 'kqYd ,oa lsok'kqYd ds fo:) lek;ksftr djokus esa lQy jgh gSA [kuu foHkkx us mi;qZDr jkf'k esa ls 240-69 yk[k iqjkus vf/kdkj] lsok 'kqYd o `

mu ij C;kt ds :i fofu;ksftr djrs gq, 'ks"k jkf'k 270-43 `

yk[k dks lek;ksftr djus ds fy, dEiuh dks vkKk ns nh Fkh ftldks dh fiNys o"kksZ ds nkSjku lek;ksftr fd;k x;kA ijUrq dEiuh us 240-69 yk[k ds fy, Hkh okn izLrqr fd;k gS ftldks `

dh vxys 12 eghuks esa olwy gksus dh laHkkouk gSA

Advance to Directors and employees is towards PRP and TA etc. adjustable as per the policy of the company.

On 30th March, 2007 the Government of Rajasthan had withdrawn development charges at the rate of Rs.55/- per MT being levied on dispatches on Gypsum w.e.f. 01.04.2006 for which a claim, for the period from April 2006 to March 2007, amounting to 511.13 Lakh was pending with the Rs. Government of Rajasthan for last six years. Despite constant followup there was no favourable response from the State Government. Therefore, a provision of 511.13 Rs. lakh was made in the books during 2010-11 on this account. However due to vigorous followup, we could get the sanction of the Govt. of Rajasthan, to get the amount adjusted against the Royalty and service charges payable, on 27.12.2012. However, the DMG authorities have appropriated 240.69 Lakh towards old dues against Rs. royalty and interest on royalty etc. after allowing the same, the Company adjusted 270.43 Lakh towards royalty in Rs. the previous years. The Company has contested their claim for 240.69 Lakh, which are expected to be realised within Rs. 12 months.

* Same for the current year and previous year has been

dealt with in Note : 11 (Short Term Provisions)pkyw o"kZ ,oa fiNys o"kZ ds fy, bls uksV la- 11 ¼y?kq vof/k izko/kku½ esa crk;k x;k gSA

¼d½ vkdfLed nkf;Ro (A) Contingent Liabilities

v) nkosa a) Claims

i) dEiuh ij Bds ns kjka s o vU;ka s }kjk pyk;s i) Claims on the Company not acknowledged

x;s nkoa s tks fd U;k;ky; ea s fopkj/khu gS as debts from contractors & other

o ftUga s dEiuh us _.k ugha ekuk gAS under litigation before courts.

mÙkj izns'k jkT; o vU; State of UP & others

eS- vkuo dULVªD'ku M/s. Aanav Construction

Jh t;flag iq= Jh luokyflag Shri Jaisingh S/o Sanwalsingh

Jh /kesZ'k dqekj oh Qsxfey Shri Dharmesh Kumar V. Fagmil

lqJh 'osrk dksgyh Shaveta Kohli

jkt ftiLe m|ksx Raj Gypsum Udyog

ii) o"kZ 2013&14 eas Mh,eth ds }kjk ii) The difference of Royalty wrongly

dj.khlj [kku ds mRiknu ds ctk; assessed by DMG on dispatches instead

fMLiSp ij jkW;YVh dk ewY;kadu of production in respect of Karnisar Mine

fd;k x;k tks fd xyr gS For the year 2013-14

iii) vf/kdkjh 'kqYd dh vuqekfur ns;rkvksa iii) Estimated liability of Royalty on preliminary

ij dEiuh }kjk okn fookn fd;k assessments being contested by

tk jgk gSA the company.

fooj.k Particulars

(`)

As at 31.03.17 As at 31.03.16

2016-17 2015-16

uksV la[;k&26 % lafnX/k nkf;Ro o izfrc)rk,¼ftl lhek re bls ys[kksa esa ugha fn[kk;k x;k gSA½

Note No. - 26 : Contingent Liabilities & Commitments (to the Extent not provided for)

166000 166000

Not Ascertainable

Not Ascertainable

Not Ascertainable

Not Ascertainable

NIL

Matterresolved

Not Ascertainable

Not Ascertainable

296115 296115

12312519 12312519

166000 166000

Not Ascertainable

88


NIL

166000 166000

* Case decied by the Hon'ble High Cour t , Jodhpur and company complied with the court order.

mPp U;k;ky; tk/s kijq }kjk fn, x, vkn's k dk dia uh }kjk vuiq kyu djus dk QlS yk fd;k x;k


(`)

¼[k½ nkf;Ro dh lhek rd xkj.Vh (b) Guarantees to the extent of liability

1- ,e-,e-vkj-Mh- vf/kfu;e ds vUrxZr i. FDR's pledged to Mining

lqj{kk ,oa fofÙk; vk'oklu ds fy, Authorities towards security and

[kuu izkf/kdj.k ds le{k izLrqr financial assurance under MMRD

lokf/k tek izek.k i= act.

2- lqj{kk tek vkSj vfxze Hkqxrku ds ii. FDR's pledged with Bank for

fo:) ;w-ih- ch-,l-,u- y[kuÅ ds guarantee to UPBSN Lucknow,

le{k izLrqr lokf/k tek towards security deposit and against advance payment.

3- <qykbZ HkkM+k ds le>kSrs ds fy, iii. FDR's submitted to Bank for

mÙkj if'pe jsoys ds le{k lokf/k E-Freight agreement with NW

tek Railway

4- ,e-,l-Vh-,y- xkMh+ ds fy, df̀"k iv. FDR's pledged to Agriculture Deptt.

foHkkx] jktLFkku ljdkj ds le{k of Rajasthan towards MSTL Van.

lokf/k tek

5- vk-,l-ih-lh-ch- ds lfpo ds le{k v. FDR's pleged with M/s. Member

lokf/k tek Secretary, RSPCB

Hkk: Bharru

Hkk: Bharru

j.k/khlj Randhisar

dkWouh Kaoni

,l-,l-ih- SSP

¼x½ vU; nkf;Ro ftlds fy, dEiuh (c) Other Money for which Company

vkfLed :i ls nk;h gSA is contingently liable.

10261065 8907527

68380000 57030000

13650000 22262669

178260 140000

300000 195000

25000

131100 150000

801100 801100 651100

5246000 5246000i. The Office of the Director General

Foreign Trade, Jaipur have intimated that an amount of Rs. 27,26,268/- which was granted as duty drawback on deemed exports for the year 98-99, 99-00 & 2000-01 is recoverable from Company. In view of the demand by JDGFT, the amount of Rs.27.26 lakh have been provided as confirmed liability and the rest of the amount received towards duty drawback for the year 1994-95,1996-97, 1997-98 and 2001-02 amounting to Rs. 52.46 Lakh. for which there is no demand from JDGFT, have been treated as contingent liability.

1- fon's k O;kikj egkfun's kd] t;ijq ds dk;kyZ ; us lfw pr fd;k gS fd ̀ 27]26]268@& dh jkf'k tks fd o"kZ 1998&99] 1999&2000 vkjS 2000&01 ds fy;s ekfur vk;kr ij M;Vw h Mkª W cdS ds :i ea s eta jw h dh xbZ Fkh] dEiuh ls olyw h ;kXs ; gAS t0s Mh0 th0 ,Q0 Vh0 dh ekxa dks n[s krs g,q ̀ 27-26 yk[k dks fuf'pr nus nkjh ekuk x;k gS ,oa o"kZ 1994&95] 1996&97] 1997&98 vkjS 2001&02 ds fy, M;Vw h Mkª W cdS ds :i es ikz Ir g;q s 'k"s k ̀ 52-46 yk[k dks ftldh dkbs Z ekxa t0s Mh0 th0 ,Q0 Vh0 us ugh dh g]S mls lHa kkfor nus nkjh ds :i es ekuk x;k gAS

89


uksV la[;k & 27 % izpyu ls vk; Note No. - 27 Revenue From Operations

dEiuh ,dy [kfut ¼ftIle½ ds [kuu dk gh dke dj jgh gS vkSj ;g ,d mRikn 'kqYd ;ksX; eky ugh gSA vr% blls mRiUu vk; dks fcØh ewY; ij fn[kk;k x;k gSA dEiuh es vU; dksbZ izpyu vk; tSls lsok dh fcdzh] izfrHkwfr ds C;kt ls vk;] vf/k'kqYd vkSj ykHkak'k ds :i es ugh gSA vr% bls Hkkjrh; ys[kk ekud 9 ds vuqlkj vyx ls n'kZk;k x;k gSA

nks rjg ds ftIle dh fcdzh ls ¼vkj-vks-,e- o d`f"k ;ksX; ftIle ikmMj½ dEiuh jkT;Lo izkIr djrh gS] ftudk fooj.k fuEu gS %&

The Company is dealing in mining of a single mineral i.e.

Gypsum and it is not an excisable goods, therefore the

revenue from operation is shown at its sale value. There are

no other operating revenues on account of sale of goods or

services rendered or income on account of interest on

securities, royalties and dividends. The revenue is recognised

in accordance with the provisions of AS 9.

The revenue is received from two segments of single

product of Gypsum i.e. from sale of Run of Mines (ROM)

Gypsum and Agriculture Grade Gypsum Powder, the details

of which are as given below:-

¼[k½ izfrc)rk,W %

v iwath [kkrs ij fu"ikfnr gksus okys 'ks"k Bsds dh

vuqekfur jkf'k tks fuEu ds fy, iznku ugh

dh xbZA

& fprkSM+x<+ esa ,l ,l ih ifj;kstuk ds fy,

ih Mh vkbZ ,y }kjk ih ,e lh

& Jh xaxkuxj ftys ds lwjrx<+ esa dk;ZLFky

ij rkj dh ckM ds lkFk vkj lh lh LraHkks dh

vkiwfrZ ,oa fuekZ.k ls lacaf/kr

c vkaf'kd :i ls Hkqxrku fd, x, va'kks vkSj

vU; fuos'k ij nkf;Ro

l vU;

Total

B Commitments

a Estimated amount of contracts remaining to be executed on capital account and not provided for.

i) PMC to M/s PDIL for SSP Project at Chittorgarh

ii) Supply and erection of RCC Pillars with Barbed wire fencing at worksite nearby Suratgarh town District Sri Ganganagar

b Uncalled liability on shares and other investments partly paid

c Others


(`)

90


28510500 28510500

1005157 0

0 0

0 0

140806716 135522430

uksV la[;k & 28 % vU; vk; Note No. - 28 Other Income

lkoZtfud cSadksa es vYidkyhu lokf/k tek ij ` 705-47yk[k ¼fiNysa o"kZ ̀ 680-02 yk[k½s dks **vU; vk;** 'kh"kZd es n'kkZ;k x;k gSA fofHkUu cSadks us bl C;kt dh vk; ij ̀ 169-14 yk[k ¼fiNys o"kZ ̀ 174-91 yk[k ½ L=ksr ij dj dVkSrh dh gSA

dEiuh ds ikl lerk va'k] O;kth izfrHkwfr;k] e;qP;qvy QaM ds :i esa dksbZ Hkh izfrHkwfr ugha gS vr% dEiuh esa fdlh Hkh izdkj dk C;kt vFkok ykHkka'k izkIr ugh fd;k gSA

dEiuh fdlh Hkh la;qDr miØe] lk>snkjh QeZ ,oe~ fo'ks"k dk;Z ds fy, cuk;h xbZ laLFkkvks esa lnL; ugha gS]vr% dEiuh esa bl O;oLFkk ls lEcfU/kr fdlh Hkh izdkj dk ykHk ugha gSA

The other Income constitutes mainly of interest received on short term deposits held with scheduled commercial Banks (PSU Banks) which includes interest accrued amounting to 705.47 Lakh (Previous Year 680.02 Rs. Rs.Lakh) upto the date of Balance Sheet and TDS deducted by banks during the year on interest income amounting to Rs. 169.14 Lakh (Previous Year 174.91 Lakh).Rs.

The company neither has any investment in Equity Securities nor interest bearing securities, Mutual Funds, therefore there is no income on account of Dividends and Interest etc.,

The company is not having any Joint Ventures, Partnerships or any other controlled special purpose entities, therefore there is no income on account of "share of profits" from such arrangements.

vU; vk;ks dk fooj.k uhps of.kZr gS%& The details of Other Income are as given below :-

fooj.k Particulars For the Year 2016-17

(`)

1- vpy fuos'k ls vk; 1. Income From Non Current Investment

2- py fuos'k ls vk; 2. Income From Current Investment

3- vU; vk; 3. Other Income

& fdjk;ksa vkfn ls olwyh - Recovery of Rent etc.

& ifjogu 'kqYd ls olwyh - Recovery of Transport Charges

& vkokl _.k ij C;kt - Interest on Housing Loan

& vU; L=ksrks ls vk; - Income From Other Sources

& vU; L=ksrks ls vk; ¼mRikn 'kqYd½ - Income From Other Sources (Exc. Duty)

& vR;f/kd dj tek ls vk;� - Interest recieved on excess Tax paid

& tekvksa ls izkIr vk; - Interest Received on Deposits

& LØsi dh fcØh ls vk; 4. Sale of Scrap Material

dqy ;ksx TOTAL


0 0

0 0

0 5733

6265 9360

251 26503

1061444 772147

0 0

0 0

169823087 175028799

0 0

170891047 175842542

(`)

fooj.k Particulars

ftIlu dh fcØh Sale of Gypsum

1- d`f"k Js.kh 1. Agriculture Grade

2- vkj-vks-,e- ftIle 2. ROM Gypsum

dqy

For the Year 2015-16Quantity

M.T.Amount

Rs.


M.T.Amount

Rs.

141050.700 219666915

422874.930 293656560

563925.630 513323475

91


180716.050 264951788

549004.510 373071226

729720.560 638023014

uksV la[;k & 29 % [kuu dk;ks± esa O;; Note No. - 29 : Mining Operations Expenses

dEiuh us [kuu dk;kZs ls lEcfU/kr fuEukfyf[kr O;; tSls vf/k'kqYd] lsok 'kqYd] Hkwfe dj] LokLF; ,oe~ i;kZoj.k ds lEcU/k esa fd;k gS tks fd fuEu gS%&

The Company being in Mining of Mineral Gypsum has incurred the following expenses on account of Cost of operations of Mines, Service Tax, Royalty, Service Charges, Land Tax, Health & Environmental Cess etc., as given below:-

lsok dj %&

mi;qZDr lsok dj ftIle dh <qykbZ ifjogu ls lEcfU/kr gS

ftlesa ftIle dks fofHkUu [kkuks ls jsyos lkbZfMax rd igqpk;k

tkrk gSA

vf/k'kqYd %&

ftIle ds vk/kkj ewY; dk ̀ 125 izfr eS0Vu 'kq) ftIle ds [kuu dk jktLFkku ljdkj dks fn;k x;kA 06-01-2017 ls jktLFkku ljdkj }kjk yxk;s x, ` 10 izfr eS0Vu dh nj ls

i;kZoj.k ,oa LokLF; midj dks okil ys fy;k x;kA

jkT; ljdkj dks lsok 'kqYd %&

o"kZ 2015&16 ds nkSjku eksgux<+ [kku {ks= ls 'kq) ftIle ds [kuu ij jktLFkku ljdkj dks ̀ 50@& izfr eh- Vu ls fn;k tk jgk gS A lsok 'kqYd dks can dj fn;k x;k gSA ftldk iwoZ esa Hkh Hkqxrku fd;k tk jgk FkkA

lapkyu ykxr Operation Cost

ftIle ifjogu ij lsok dj Service Tax on Transportation of Gypsum

vf/k'kqYd ¼izns'k ljdkj dks½ Royalty to State Govt.

izns'k ljdkj dks lsok 'kqYd Service Charges to State Govt.

ftIle ij i;koZ j.k vkjS LokLF; midj.k Environment & Health Cess on Gypsum

HkkM+k o <qykbZ O;; Freight & Handling Charges

fofo/k [kuu O;; Misc. Expenses (Mines)

[kuu dh ;kstuk O;; Mining Plan Expenditure

fØ;kUo;u ds fy, lgefri= Fee For Consent to Operate & Establishment

i;kZoj.k O;; Environment Expenses

dqy Total Expenditure

SERVICE TAX :

The Service Tax stated above is to the extent leviable

on transportation portion of various contracts for

transporting gypsum within mine areas and upto the

Railway Siding of the Company.

ROYALTY :

Royalty on Gypsum was paid to State Government @

Rs.125/PMT as declared by the Government of Rajasthan.

Environment & Health Cess payable to State Government

@ Rs. 10 / MT on quantity despatched of Gypsum has been

withdrawn by government w.e.f. 06.01.2017.

SERVICE CHARGES TO STATE GOVT.:

Service charges was paid to State Government during

2015-16 towards high purity of Gypsum at Mohangarh Mine

@ of Rs. 50/- PMT as paid in the past. From 01.04.2016 the

same has been discontinued.

(`)

fooj.k Particulars For the Year 2015-16For the Year 2016-17

80244315

553866

78930377

0

3741636

8500

582745

117448

1062224

2691442

167932553

92


92486148

634406

94615429

8901106

7297211

581421

199749

312800

625574

2746359

208400203

uksV la[;k & 30 % eky dh [kir Note No. - 30 Material Consumed

dEiuh [kqyh gqbZ [kkuks ls ftIle ds [kuu dk dk;Z djrh gS vkSj blds vf/kdrj dk;Z dks Bsdsnkjks }kjk fd;k tkrk gSA vr% izpyu ls lacfU/kr 'kfDr o bZ/ku O;; 'kwU; gSA gkykfd Ñf"k ;ksX; ftIle dh fcØh ds fy, ,p-Mh-ih-bZ- cSx dh vko';drk gksrh gS ftldh izkjfEHkd jgfr;k] vafre jgfr;k o Ø; fuEu gSA HkkSfrd lR;kiu fjiksVZ ds vuqlkj [kir esa `1]14]205@& ewY; ds 9861 {kfrxzLr cSx ¼fiNys o"kZ `1]26]247@& ewY; ds 10614 {kfrxzLr cSx½ 'kkfey gSA

LVkslZ o Lis;lZ dh [kir ukxO; gSA

The Company is doing open cast mining of mineral gypsum and most of the operations are outsourced, therefore, no raw material, power and fuel is consumed. However, the agriculture grade gypsum powder requires HDPE Bags whose details, including opening stock, closing stock and purchases are given as here under. The Consumption value of bags includes an amount of 1,14,205/- being the Rs. value of 9,861 no. of bags (previous year 1,26,247/- Rs. being the value of 10,614 no. of bags) damaged as per the physical verification reports.

The Consumption of Stores and Spares is very minimal as shown below.

d- dPps ekyk dh [kir A. Raw Material Consumed

[k- 'kfDr o b±/ku dh [kir B. Power & Fuel Consumed

x- iSfdax lkexzh izkjfEHkd jgfr;ka C. Packing Material Opening Stock

izkjfEHkd jgfr;ka Opening Stock

tksM+ % Ø; Add Purchases

?kVko % vafre jgfr;k Less : Closing Stock

miHkksx Consumption

?k- LVkslZ ,oa Lis;lZ D. Stores & Spares

izkjfEHkd jgfr;ka Opening Stock

tksM+ % Ø; Add : Purchases

?kVko % vafre jgfr;k Less : Closing Stock

miHkksx Consumption

M+ cSax fujh{k.k izHkkj E. Bags Inspection Charges

dqy ;ksx G. Total

?kVko % vU; dks lkexzh gLrkUj.k Less : Transfer Credit for VAT/Issue

ij ewY; o`f) dj tek of Materials to Others

1- iSfdax lkexzh 1. Tr. Credit for Pack. Material VAT Input Credit

2- LVkslZ ,oa Lis;lZ 2. Stores & Spares

3- eky dh [kir 2. Tr. Credit For Material Consumed

dqy Total

'kq) miHkksx Net Consumption

(`)

Ñf"k ;ksX; ftIle esa iz;qDr cSx ij Hkqxrku fd;s x;s ewY; of/kZr dj dh jkf'k ̀ 15-24 yk[k ¼fiNys o"kZ ̀ 22-60 yk[k½ ls lkexzh dh [kir dh jkf'k dks de fd;k x;k gS vkSj lkFk gh ̀ 0-43 yk[k ,oa ̀ 1-71 yk[k ¼fiNys o"kZ ̀ 3-03 yk[k½ Bsdsnkjks ls lqj{kk twrs vkSj ,p Mh ih bZ cSx ds fy, olwy fd, x,A

The Consumption of material is reduced by the VAT credit Rs. Rs. 15.24 Lakh (Previous year 22.60 Lakh) availed on purchase of HDPE Bags consumed in the process of packing agriculture grade gypsum powder and by 0.43 Rs. lakh and 1.71 lakh (previous year 3.03 lakh) towards Rs. Rs. the amount recovered from the contactors towards safety shoes and HDPE bags repectively.


0

0

16089002

29472000

45561002

16216458

29344544

686245

675542

1361787

723462

638325

174365

30157234

1523921

42663

171430

1738014

28419220

93


0

0

11375744

45637952

57013696

16089002

40924694

734172

565745

1299917

686245

613672

336846

41875212

2260001

0

303020

2563021

39312191

uksV la[;k&31% rS;kj eky] pkyw eky dh jgfr;ksa esa ifjorZu

Note No. - 31 : Changes in Inventories of Finished Goods,WIP & Stock In Trade

rS;kj eky dks ykxr o olwyh ;ksX; ewY; nksuks es tks Hkh de gks] ij ewY;kadu fd;k x;k gSA ys[kk ekud 2 ds vuqlkj jgfr;ks es [kjhn dh ykxr] :ikarj.k ykxr o vU; ykxr ftl ij dh jgfr;ks dks orZeku LFkku rd yk;k tkrk gS] 'kkfey fd;s x;s gSA

The Stock of Finished goods is valued at the cost or net realisable value whichever is lower. The cost of inventories comprises of cost of purchase, cost of conversion and other costs incurred in bringing the inventories to their present location and condition according to AS 2.

(`)

fooj.k Particulars

ftIlu GYPSUM

[kkuksa ij jgfr;k Stock at Mines

eksgux<+ Mohangarh

lwjrx<+ Suratgarh

chdkusj Bikaner

jkeflagiqj Ramsinghpur

dqy v- Total "A"


M.T.Amount

Rs.


M.T.Amount

Rs.

izkjfEHk jgfr;k¡ OPENING STOCK

(`)

fooj.k Particulars

ftIlu GYPSUM

[kkuksa ij jgfr;k Stock at Mines

eksgux<+ Mohangarh

lwjrx<+ Suratgarh

chdkusj Bikaner

jkeflagiqj Ramsinghpur

dqy ̂v* Total "B"

dqy ¼v & c½ Net Total (A - B)


M.T.Amount

Rs.


M.T.Amount

Rs.

vfUre jgfr;k¡ CLOSING STOCK

147947.670

78674.660

2021.400

1254.600

229898.330

24647914.000

17383494.000

479072.000

122288.000

42632768

33484.110

50029.560

14208.500

33000.000

130722.170

99176.160

6301932

11066375

2290132

25627

19684066

22948702

94


226083.320

79751.000

18433.200

1254.600

325522.120

30105039.000

17973041.000

2820280.000

349604.000

51247964.000

147947.670

78674.660

2021.400

1254.600

229898.330

95623.790

24647914

17383494

479072

122288

42632768

8615196

o"kZ ds nkSjku diuh us eksgux<+ [kku ftIle ds 1]17]230-37 eS0Vu iqjkus LVkWd dks NksM fn;k D;ksafd mlesa 'kq)rk ugh Fkh ,oa og fcØh ;ksX; ugha FkkA dEiuh }kjk bl LVkWd ds fy, dksbZ Hkh [kpZ ugh fd;k x;k FkkA

uksV la[;k&32 % deZpkjh dY;k.k O;;

1- deZpkjh dY;k.k ys[kk ekud&15 ds vuqlkj deZpkjh dY;k.k ls lacfU/kr

fuEu izdVhdj.k gS %

During the year the compnay has written off 1,17,230.37 MT old stock of gypsum of Mohangarh mines which was having very low purity and was not saleable. No cost was incurred for this stock by the company.

Note No. - 32 Employee Benefit Expenses

1. EMPLOYEE BENEFITS :- As per Accounting Standard 15 "Employees

Benefits", the disclosures as defined in the Accounting Standard are given below :

v- Hkfo"; fuf/k % dEiuh ds lHkh deZpkjh Hkfo"; fuf/k ,oa fofo/k izko/kku vf/kfu;e] 1952 ds vUrZxr lfEefyr gS ,oa os budk ykHk izkIr djrs gSA dEiuh ,oa deZpkfj;ks ds }kjk ekfld osru dk 12 izfr'kr va'knku blds vUrZxr LFkkfir dks"k es fd;k tkrk gSA bl dks"k dks dEiuh ds ,d VªLV ds }kjk iz'kkflr fd;k tkrk gSA

c- minku %& dEiuh dss lHkh deZpkjh minku Hkqxrku vf/kfu;e 1972 ds vUrxZr lfEefyr gSA dEiuh us vius minku nkf;Ro dks iwjk djus ds fy, Hkkjrh; thou chek fuxe ls xzqi xzsP;qVh Ldhe yh gSA ;g minku ;kstuk deZpkfj;ks ds lsokfuo`r ;k LoSfPNd lsokfuo`r rd mikftZr muds vf/kokf"kZrk dks Hkqxrku dh xkjaVh nsrk gSA dEiuh thou chek fuxe ds }kjk izcaf/kr Q.M esa okf"kZd ;ksxnku ds ek/;e ls ;g ykHk iznku djrh gSA bl ;kstuk ds vUrxZr dEiuh Hkqxrku ds fy, nk;h jgrh gS tc fd chek dEiuh chekafdr vk/kkj ij Hkqxrku ds izhfe;e dk fu/kkZj.k djrh o mldk iz'kklu djrh gSA fu;ksftr lEifÙk dk fooj.k uhps uksV es vafdr gSA

2- vU; lsokfuo`r ykHk %&v- NqfV~V;ks dk jksddj.k %& dEiuh us vftZr vodk'k udn ,oa chekj vof/k udn ds fy, ;kstuk ifjHkkf"kr dh gSA vf/kdre 300 fnuksa ds cjkcj vftZr vodk'k ds fy, Hkqxrku ij izko/kku fd;k x;k gS ¼ewy osru vkSj egaxkbZ HkRrk o"kZ ds var esa ykHk gkfu fooj.k esa vkosf'kr fd, x,@v/kZ vftZr vodk'k dh tek jkf'k dks vftZr vodk'k ds vykok fn;k tkrk gS lexz vodk'k lhek 300 fnu gSA chekj vof/k vodk'k ds fy, ns; udn v/kZ NqV~Vh ij osru Iyl eagxkbZ HkRrk gksxh tksfd vftZr vodk'k esa deh cukus ds fy, cjkcj gksxhA bl izk;kstu ds fy, chekjh esa vodk'k ysus ij dksbZ Hkh deh ugh gh tk,xhA o"kZ 2016&17 ds vUrxZr nkf;Ro dk ewY;kdu fØ;k'khyrk ds vk/kkj ij fd;k x;k gSA dEiuh us lkewfgd vftZr vodk'k ;kstuk ds fy, Hkkjrh; thou chek fuxe ds lkFk vuqca/k fd;k gS vkSj blls lacaf/kr ikWfylh yh gS vkSj bl QaM esa lkykuk va'knku fd;k tkrk gSAftldk izca/ku fcek fuxe }kjk gh fd;k tkrk gS ftlesa osru rFkk etnwjh Hkh 'kkfey gSA ;kstukvksa dk fooj.k uhps uksV esa fn;k x;k gSA

c- isU'ku ;kstuk %& dEiuh us Hkkjr ljdkj ds i= la[;k 90@3@2010&

HR&1 fnuakd% 12-09-2013 ds }kjk isU'ku ;kstuk dk vuqeksnu izkIr dj fy;k gSA isU'ku ;kstuk thou chek fuxe ls 2013&14 esa fy;k x;k FkkA ftlesa osru dk 10% fu;ksDrk ds }kjk o 2% deZpkfj;ksa }kjk Hkqxrku fd;k tkrk gSA

(a) Provident Fund :

All the employees of the Company are covered under PF & Miscellaneous Provisions Act and receive benefits from provident fund. The employee and employer each make monthly contributions to the plan equal to 12% of the salary. The fund is administered by the exempted Trust formed by company.

(b) Gratuity :

The Gratuity Act 1972 applies to the company and all the employees on the rolls of the company are covered. To meet the requirement of the gratuity liability the company has taken a Group Gratuity Scheme under defined benefit plan of LIC of India. Gratuity Plan guarantees a payment computed as per gratuity act till their superannuation date unless the employee exits the company on resignation or VRS. The company provides the gratuity benefit through annual contributions to a fund managed by the Life Insurance Corporation of India. Under this plan, the settlement obligation remains with the Company, although the Insurer administers the plan and determines the contribution premium required to be paid by the Company on actuarial basis. The details of the plan assets are furnished below in the note.

2. OTHER SUPERANNUATION FUNDS.

(a) Encashable Leave.

The Company has defined plan for Earned Leave Encashment and Sick Leave Encashment. Provision for Encashment of Earned Leave equivalent to maximum 300 days (basic plus dearnesss allowance is provided at the year end and charged to Statement of Profit & Loss. The encashment of half pay leave is allowed in addition to encashment of earned leave subject to overall limit of 300 days (including earned leave). The cash equivalent payable for Sick leave would be equal to leave salary as admissible for half pay plus DA and to make up the shortfall in earned leave. No commutation of Sick leave shall be allowed for this purpose.The liability for the year 2016-17 is accounted on the basis of Acturial Valuation.The company has taken a Group Leave Encashment policy with LIC of India to meet the liability of Encashable leave and the annual contributions to the fund which is managed by LIC, are included in the Salaries and Wages. The details of the plan assets are as given in the note below.

(b) Pension Plan.

The Company got the approval from the Government of India vide order No.90/3/2010-HR-I dated 12th September, 2013 to go for a defined contribution pension plan. Accordingly, ension plan was taken from LIC of India a pduring the year 2013-14 where 10% of the salary is being contributed to the scheme by the company and minimum 2% of salary is being contributed by the employees.

95


(c) Performance Related Pay.

The company has a remuneration committee which fixes Performance Related Payment (PRP) in compliance with the guidelines of 2nd Pay Revision Committee and DPE guidelines.

Voluntary Retirement Scheme (VRS) :

The Company had introduced Voluntary Retirement Scheme (VRS), with a view to prune the excess manpower in Non-Technical discipline, during the year 2008-09, 2009-10 and 2010-11, in two spells of one month each. VRS scheme was not offered to employees during the year 2015-16 and 2016-17.

l- dk;Z fu"iknu lacU/kh osru ¼ih-vkj-ih-½ %

dEiuh dh ,d osru lfefr gS tks f}rh; osru lfefr o

lkoZtfud fuxe foHkkx ds fn'kk funsZ'kks ds vUrZxr ih-vkj-ih-

dk fu/kkZj.k djrh gSA

n- LoSfPNd lsok fuo`r ;kstuk %&

vf/kD; vrduhdh ekuo'kfDr dks de djus ds m)s'; ls

dEiuh us ,d&,d ekg ds nks pj.kks es o"kZ 2008&09] 2009&10]

2010&11 esa LoSfPNd lsokfuo`r ;kstuk izkjEHk dh A o"kZ 2015&16

o 2016&17 ds nkSjku dEiuh ds deZpkfj;ks ds fy, LoSfPNd lsok

fuo`r ;kstuk ugha LohÑr dh xbZA

osru vkSj ifjJe Salaries & Wages

HkÙks vkSj vuqykHk Perks & Allowances

dk;Z lEcfU/k Hkqxrku Performance Related Pay

dEiuh dk Hkfo"; fuf/k esa va'knku Co's Contribution to Provident Fund

lqewg mRiknu fuf/k esa va'knku Contribution to Group Gratuity Fund

dkexkj o vU; LVkQ ds fy, dY;k.kh O;; Workmen & Staff Welfare Expenses

LofS PNd los kfuof̀r ;kts uk Voluntary Retirement Benefit

isa'ku fuf/k va'knku Contribution for Pension Fund

fpfdRlk ns[kHkky ds fy, dks"k Contribution to Corpus for Medical Care

ls va'knku vkfn ¼lsokfuo`r deZpkjh½ etc. (Retired Employees)

dqy Total

fu;ksftr lEifÙk;ksa dk fooj.kifjHkkf"kr va'knku ;kstuk

DETAILS OF PLAN ASSETSDefined Contribution Plan

Hkfo"; fuf/k esa dEiuh dk va'knku Employer's Contribution to Provident Fund

Hkfo"; fuf/k dh i'a s ku ;kts uk ea s dEiuh dk ;kxs nku Employer's Contributions to E FP Scheme

lsokfuo`r ;kstuk isa'ku esa dEiuh dk ;ksxnku Employer's Contribution to Superannuation Fund (Pension Fund)

dqy Total

ifjHkkf"kr va'knku ;kstuk esa va'knku dks O;; ds :i esa ekU;rk nh xbZ gS tks fd fuEu gS%&

Contributions to Defined Contribution Plan, recognized as

expenses for the year are as under:-(`)

(`)


31293188

6181421

1350000

3703462

577294

3288701

0

2708326

0

49102392

fooj.k Particulars 31.03.2017

3017537

685925

3703462

2708326

6411788

31.03.2016

96


38946879

7359333

2680000

4249276

132885

3115945

0

3045508

600391

60130217

3533564

715712

4249276

3045508

7294784

ifjHkkf"kr ykHk ;kstuk %

deZpkfj;ks dh lewg miknku ;kstuk dks ifjHkkf"kr ykHk ;kstuk le>k x;k gSA bl ;kstuk ds vUrxZr dEiuh ds nkf;Ro ds orZeku ewY; dk fu/kkZj.k chekafdd ewY;kadu ds vuqekfur ØsfMV fof/k }kjk fd;k tkrk gS tks fd deZpkfj;ks }kjk iznku dh x;h izR;sd lsok ls deZpkfj;ks ds fy, vfrfjDr ykHk mRiUu djrk gS vkSj vafre nkf;Ro ekius ds fy, izR;sd bdkbZ dks vyx&vyx ekirk gSA jksddj.k ds nkf;Ro dks mlh rjg ekU;rk iznku dh xbZ gS ftl rjg ls miknku dh ekU;rk nh xbZ gSA

Defined Benefit Plan :-

The employees Gratuity fund scheme is a Defined

Benefit Plan. The present value of obligation is determined

based on actuarial valuation using the projected unit credit

method, which recognize each period of service as giving

rise to additional unit of employee benefit entitlement and

measures each unit separately to build up the final

obligation. The obligation for leave encashment is

recognized in the same manner as gratuity.

(`)

fooj.k Particulars

o"kZ ds izkjEHk esa ifjHkkf"kr Defined Benefit Obligation

ykHk nkf;Ro dk 'k"s k at the beginning of the year

C;kt Interest Cost

iwoZ lsok ewY; Past Service Cost

orZeku lsok ewY; Current Service Cost

ns; ykHk Benefits Paid

chekfdad ¼ykHk½@gkfu Actuarial (Gain)/Loss

dqy Total

Gratuity (Funded)

2016-17 2015-16

Earned Leave (Funded)

(`)

fooj.k Particulars2016-17

fu;kfs tr lEifÙk dk o"kZ ds ikz jEHk ea s mfpr eYw ; Fair Value of plan assets as at the beginning of the Yr.

vueq kfur vk; Expected Return

chekafdd ¼ykHk½@gkfu Actuarial (Gain)/Loss

fu;ksDrk }kjk va'knku Contribution by Employer

ns; ykHk Benefits Paid

fuiVku ewY; Settlement Cost

fu;ksftr lEifÙk dk o"kZ ds vUr esa mfpr ewY; Fair Value of plan assets as at the end of the year

fu;ksftr lEifÙk ij okLrfod izR;; Actual return on plan assets

Gratuity (Fund)

1. Reconciliation of opening and closing balances of Defined Benefit Obligation (DBO)

1- ifjHkkf"kr ykHk nkf;Ro ds 'ks"k dk o"kZ ds izkjEHk o vUr esa lek/kku fooj.k %&

2016-17 2015-16

18073619

1445890

0

563619

(4000000)

(124646)

15958481

15145408

1211633

0

939039

(1656964)

(1406592)

14232524

2- mfpr :i ls ewY;kafdr fu;ksftr lEifÙk dk o"kZ ds izkjEHko vUr esa lek/kku fooj.k %&

2. Reconciliation of Opening and closing balances of Fair Value of Plan Assets

20438560

1307569

0

0

(4000000)

0

17746129

(1307569)

97


2015-16

21913769

1753102

0

625136

(5924781)

(293607)

18073619

13376280

1070102

0

732424

(2792991)

2759593

15145408

24411595

1951746

0

0

(5924781)

0

20438560

(1951746)

(`)

fu;ksftr lEifÙk dk mfpr ewY; Fair Value of plan assets

nkf;Roksa dk orZeku ewY; Present Value of

obligation

chekfdad lek;kstu Actuarial Adjustment

rqyu i= ds uksV&19 esa n'kkZ;h Net assets/(liability)

xbZ 'kq) lEifÙk@¼nkf;Ro½ recognized in balance

sheet Ref. Note : 19

4. Expense Recognized during the period in profit & loss A/c.

4- o"kZ ds nkSjku ykHk@gkfu [kkrs esa fn[kkbZ xbZ jkf'k

(`)

C;kt Interest Cost

orZeku lsok ewY; Current Service Cost

chrk gqvk lsok ewY; Past Service Cost

fu;ksftr lEifÙk ij Expected return on

vuqekfur vk; plan assets dqy chekafdd Net Actuarial (gain)/loss

¼ykHk½@gkfu recognized during the period

ykHk gkfu esa n'kkZ;s Expenses recognized in the

x;s O;; statement of Profit & Loss

5. Actual Return on Plan Assets5- fu;ksftr lEifÙk ij okLrfod vk; %&(`)

fooj.k Particulars

fu;kstu lEifÙk ij Expected return on

vuqekfur vk; plan assets

chekfdad ¼ykHk½@gkfu Actuarial (gain)/loss

fu;ksftr lEifÙk ij Actual Return onokLrfod vk; Plan Assets

Gratuity (Funded)

2016-17 2015-16

(1307569)

0

(1307569)

3- rqyu i= esa fn[kkbZ x;h jkf'kvksa dk lek/kku fooj.k %&

3. Reconciliation of amount recognized in balance sheet

fooj.k ParticularsGratuity (Funded)

2016-17 2015-16


2016-17 2015-16


2016-17 2016-17


2016-17 2015-16

17746129

15958481

0

1787647

16708156

14232524

0

2475632

1445890

563619

0

(1307569)

(124646)

577294

1211633

939039

0

(1280873)

(1406592)

(536793)

98


20438560

18073619

0

2364941

16867845

15145408

0

1722437

1753102

625136

0

(1951746)

(293607)

132885

1070102

732424

0

(1314521)

2759593

3247598

(1951746)

0

(1951746)

6. Principal Actuarial Assumptions6- chekadu ekU;rk ds fl)kar

thou chek dh ekfld Mortality Table (LIC)

u'ojrk Js.kh NwV dh nj Discount Rate

Hkfo"; esa osru c<+ksrjh Future Salary Increase

U;wure fupyh nj Minimum Floor Rate

fu;ksftr lEifÙk ij Expected rate of return on

vuqekfur vk; dh nj Plan assets (AIR)

lsok fuo`r vk;q Retirement Age

okilh@fudklh nj Withdrawal Rate

1994-96 Ultimate

8%

10%

0.50%

7.55% to 7.90%

60 Yrs

1% to 3%

1994-96 Ultimate

8%

10%

0.50%

7.55% to 7.90%

60 Yrs

1% to 3%

(`)

vYidkyhu _.k ij C;kt Interest on Short term Loan 590673

590673

uksV la[;k & 33 % foÙkh; ewY; Note - 33 Finance Costs

dEiuh us o"kZ 2016&17 ds nkSjku fdlh Hkh izdkj dk vYidkyhu _.k vuqlqfpr cSad ls ,QMhvkj ds fo:) ugha fy;k gSaA gkaykfd dEiuh us fiNys o'kZ ,Q Mh vkj ds fo:) vuqlwfpr cSad ls ` 1639-64 yk[k ¼pkj voljks ij 225-00 yk[k 135-00 yk[k ` `` ` `1020-00 yk[k 179-64 yk[k 80-00 yk[k ½s 16 fnuksa dh ,d vkSlr vof/k ds fy, _.k fy;k Fkk] ftl ij 5-91 yk[k #i;s ` C;kt ds #i esa vnk fd;s A

The company has obtained short term loan against FDR from scheduled bank during the year 2016-17 of Rs. 1639.64 lakhs (on five occasions Rs. 225.00 lakh, Rs.135.00 lakh, Rs.1020.00 lakh, Rs.179.64 lakh, Rs. 80.00 lakh) for an average period of 16 days on which an amount of Rs. 5.91 Lakhs incurred towards interest, previous year no short term loan was obtained.

uksV la[;k & 34 % ewY;gkl Note No. - 34 Depreciation & Amortisation

dEiuh vf/kfu;e 2013 dh vulq pw h AA ds vUrxZ r y[s kk ekud 10 ds vulq kj erw Z lia fr;ka s ij ,oa y[s kk ekud 26 ds vulq kj verw Z ij lh/k&s lh/ks :i ls ál inz ku fd;k tkrk gS A rnkulq kj o"kZ 2016&17 ds fy, eYw ;ál yxk;k x;k gS A o"kZ ds nkjS ku iLq rdks ea s dyq ál ̀ 28-20 yk[k ¼fiNys o"kZ ̀ 29-87 yk[k ½ fn[kk;k x;kA l;=a vkjS e'khujh dh ukx.; dherks dks n[s krs g,q ?kVd eYw ;gkl mfpr ugh irz hr fd;k x;kA

The depreciation is provided on the Tangible Assets applying the rates of Schedule II of the Companies Act 2013 on SLM in compliance of AS-10 and on the Intangible Assets as per AS-26. Accordingly, the depreciation for the year 2016-17 has been charged. The aggregate depreciation and amortisation provided in the books during the year Rs.28.20 lakh (previous year 29.87 lakh). The component Rs. wise depreciation is not felt appropriate looking into insignificant value of items of plant & machinery.

(`)


2016-17 2015-16


2016-17 2015-16


99


1994-96 Ultimate

8%

10%

0.50%

8.00% to 8.85%

60 Yrs

1% to 3%

1994-96 Ultimate

8%

10%

0.50%

8.00% to 8.85%

60 Yrs

1% to 3%

0

0

uksV la[;k 35 % vU; O;; Note No. 35 : Other Expenses

¼1½ dEiuh dk lekftd nkf;Ro %&

dEiuh vf/kfu;e 2013 ,oa ljdkjh fn'kkfunsZ'kks ds vuqlkj] foxr 3 o"kksZa ds vkSlr ykHk dk U;wure 2 izfr'kr lh ,l vkj dk;ksZ ds fy, O;; fd;k tk,xkA fiNys rhu foRrh; o"kksaZ dk

i CORPORATE SOCIAL RESPONSIBILITY (CSR): As per the new Companies Act, 2013 and Government

directive’s, a minimum of 2% of immediately preceeding 3 years average profit shall be spent towards CSR. Average PBT of the company for last three financial

100


vkSlr dj iwoZ ykHk ¼ih ch Vh½ 5054-73 yk[k Fkk ftlds `

vuq:i lh ,l vkj dk y{; 101-09 yk[k Fkk tcfd o"kZ `

2016&17 ds nkSjku dEiuh us 101-12 yk[k [kpZ fd, tks `

fd lkoZtfud LokLF; vkSj fpfdRlk lkeqnkf;d gkWy ds fuekZ.k] f'k{kk] ikuh dh O;oLFkk bR;kfn ls lacaf/kr FksA foRrh; o"kZ ds nkSjku [kpZ dh xbZ jkf'k uhps nh xbZ gS%&

year is Rs. 5054.73 lakh, accordingly an amount of Rs.101.09 lakh was to be spent in the year 2016-17 against which actual amount spent was Rs.101.12 lakh towards CSR that aims to provide assistance for public health and medical relief, education and drinking water & sanitation facilities and construction of community halls, etc. The amount spent during the financial year is detailed below:-

Ø-l-

lh,lvkj ifj;kstuk,¡@ xfrfof/k;k¡

{ks= ftlesa ifj;kstuk

lfEefyr gSA

LFkku ftyksa ¼jkT;½

okf"kZd ifjO;; ¼ctV½

ifj;kstuk,¡ ¼`yk[k esa½

Ikfj;kstukvksa vkSj dk;ZØeksa ij [kpZ dh xbZ jkf'k miizeq[k ¼1½ ifj;kstuk ;k dk;ZØe ¼2½ Åijh [kpZ ij izR;{k O;;

vkokf/kd vof/k ds fy, lap;h O;; ¼`yk[k

esa½

dk;kZUo;u ,tsalh ds ek/;e ls fy, x,

izR;{k [kpZ

lqjf{kr ihus dk ikuh

miyC/k djokus gsrq

vuqlqfpr&VII

en la- i

Jh xaxkuxj] tks/kiqj] tSlyesj] chdkusj] ckM+esj ¼jkftLFkku½

6-42 6-42 6-42 izR;{k

LoPN Hkkjr dks'k esa ;ksxnku

vuqlqfpr&VII en la- i

15.00 15.00 15.00 izR;{k

f'k{kk dks c<+kok nsusgsrq

vuqlqfpr&VII

en la- ii

33.51 33.51 33.51 izR;{k ,oa LFkkuh; ljdkjh ,tsafl;k

Jh xaxkuxj] tks/kiqj] tSlyesj] chdkusj] ¼jkftLFkku½

i;kZoj.k fujarjrkvkSj lkSj ÅtkZ lslacaf/kr

vuqlqfpr&VII en la- iv

Jh xaxkuxj] tks/kiqj] ¼jkftLFkku½

13-53 13-53 13-53 izR;{k

,u ,l Mh ,Q esa ;ksxnku

vuqlqfpr&VII en la- vii

5.00 5.00 5.00 izR;{k

bZekjrks ,oa ,sfrgkfld egRo dh txgks ds iquZfuekZ.k ls lacaf/kr

vuqlqfpr&VII en la- x

27.66 27.66 27.66 xzke iapk;r ds ek/;e ls

Jh xaxkuxj] tks/kiqj] tSlyesj] chdkusj] ckM+esj ¼jkt-½

ubZ fnYyh

1

2

3

4

5

6

101


1 Making available Schedule VII Sri Ganganagar, 6.42 6.42 6.42 Direct Safe Drinking item i Jodhpur, Water Jaisalmer, Bikaner, Barmer (Rajasthan)

2 Contribution to Schedule VII New Delhi 15.00 15.00 15.00 Direct Swachha Bharat item i Kosh

3 Promotion of Schedule VII Sri Ganganagar, 33.51 33.51 33.51 Direct and Education item ii Jodhpur, Local Govt. Jaisalmer, agencies Bikaner (Rajasthan)

S.No.

CSR Projects/ Activities

Sector in which Project

is covered

Location Districts (State)

Annual outlay (budget) project

or programwise

(Rs. lakh)

Amount spent on the project or programs. Sub-heads (1) Direct

expenditure on project or program (2)

Overheads (Rs.lakh)

Cummulative Expenditure up to thereporting

period (Rs. lakh)

Amount spent direct or through

implementing agency

4 Ensuring Schedule VII Sri Ganganagar, 13.53 13.53 13.53 Direct Environment item iv Jodhpur, Sustanibility Solar (Rajasthan) Power

5 Contribution to Schedule New Delhi 5.00 5.00 5.00 Direct NSDF VII item vii

6 Restoration Of Schedule VII Jaisalmer 27.66 27.66 27.66 Through Buildings and item x (Rajasthan) Gram Sites of Historical Panchayat Importance Total 101.12 101.12 101.12

¼2½ vuqla/kku ,oa fodkl ij O;; ,oa ljdkj ls izkIr vuqnku%&o"kZ ds nkjS ku vulq /a kku ,oa fodkl ij u rks dkbs Z ikz o/kku fd;k x;k vkjS u gh fdlh idz kj dk dkbs Z Hkxq rku fd;k x;kA fiNys o"kkZ sea s fd, x, ikz o/kku es ls fiNys o"kZ ̀ 22-98 yk[k [kpZ fd, x, FkAs

2. Research And Development Expenditure & Grant Received From Govt. Of India Niether any proivision nor any payment was made during the

year on Reserach & Development. Previous year an amount of

Rs. 22.98 lakh was spent out of the provisions made in the previous years.

102


¼3½ vU; O;; 3. Other Expenses (`)

ejEer dk;Z Repairs & Maintenance

chek Insurance

fdjk;k Rent

nj o dj Rates & Taxes

fons'kh ;k=k lfgr ;k=k O;; Traveling Expenses including Foreign Tours

LFkkukUrj.k ij ;k=k O;; Traveling Expenses on Transfer

funs'kd ;k=k O;; Directors' Traveling Expenses

funs'kd fpfdRlk O;; Directors' Medical Expenditure

ek=kRed NwV@cV~Vk Quantitative Rebate/Discount

O;olk; fodkl O;; Business Development Expenses

fo'ks"kK ijke'kZ 'kqYd Expert Consultancy Fee

lqj{kk O;; Security Expenses 4561187 3772580

lqj{kk O;; ij lsok dj Service Tax on Security Expenses 637223 532340

5198410 4304920foKkiu O;; Advertisement

nwjHkk"k O;; Telephone Charges

fctyh O;; Electricity Charges

okgu fdjk;k O;; Hire Charges on Vehicle 1585940 1815506

okgu fdjk;k O;; ij lsok dj Service Tax on Hire Charges on Vehicle 97404 212630

1683344 2028136funs'kdksa dh cSBd 'kqYd Sitting Fee of Directors's

lh-,l-vkj- ds fy, izko/kku Expenditure on CSR

TEFR ij O;; Expense on TEFR

oS/kkfud vads{k.k 'kqYd Statutory Auditor Fee

dj ,oa vU; vads{k.k 'kqYd Tax & Other Audit Fee etc.

Bsds ij Je Cost of contract labour deployed 10465860 8439362

Bsds ij Je ij lsok dj Service Tax on Cost of Contract 1505596 1087626

Labour Deployed 11971456 9526988foØ; lao/kZu O;; Sale Promotion Expenses

vifyf[kr fd;s x;s fofo/k nsunkj Sundry Debtor Written off

iathdj.k o ykblsl 'kqYd Registration and Licence Fee

vU; fofo/k O;; Other Misc. Expenses

fooj.k ParticularsFor the Year

2015-16For the Year

2016-17

454572

171526

5154902

1355

2100615

147714

388915

160479

9951032

234563

1575703

5198410

2536783

916118

850712

1683344

38000

2262012

0

115000

83250

11971456

9878

121219

24835

3741560

49893953

680981

90545

7125694

2212

2316886

163885

445605

1201160

8112332

605959

1822413

4304920

2329259

1027769

825024

2028136

0

0

227232

115000

82070

9526988

19599

0

1957831

4935438

49946938

An amount of 1.21 lakh (previous year Rs.Nil ) due from Rs.M/s Raj Fed towards supply fo gypsum powder for the year 2016-17 has been waived/written off during the year.

o"kZ 2016&17 esa `1-21@&yk[k ¼fiNys o"kZ 'kwU;½ eSllZ jktQsM dks ftIle dh vkiwfrZ ds fy, o"kZ ds nkSjku vifyf[kr fd;s x;sA

Note No. - 36 Prior Period Adjustments

As per AS 5 the amounts are separately disclosed

under prior period expenses that were arising out of errors in

estimation in the previous years and are given below.

uksV la[;k & 36 % iwokZof/k lek;kstu

ys[kkdu ekuad&5 ds vuqlkj mu iwokZof/k O;;ks dks vyx

ls fn[kk;k tk jgk gS ftudk fiNys o"kZ lgh vuqeku ugha yxk;k

x;k FkkA

¼v½ O;; (A) Expenditure

1 osru rFkk etnwjh 1. Salaries & Wages

2- vU; O;; 2. Other Expenses

dqy Total

¼c½ vk; (B) Income

1- vU; vk; 1. Other Income

dqy Total

'kq) vk;@O;; Net Expenditure / Income

FY 2016-17

(`)

fooj.k Particulars

0

27100

27100

-3358

-3358

30458

` 0-27 yk[k fiNys o"kZ ls lacaf/kr gS A ftlds fy, dksbZ Hkh izko/kku ugha fd;k x;k FkkA rFkk ` 0-03 yk[k vf/kd C;kt dh vk; dks fiNys o"kksZ ds ys[kks esa n'kkZus ls lacaf/kr gSA

` 0.27 lakh relates to previous year for which no provision

was made and 0.03 lakh is towards excess interest ` income booked in previous year.

103


FY 2015-16

854524

365512

1220036

0

0

1220036

uksV la[;k & 37 % vlk/kkj.k ensa & vk;@¼O;;½ Note - 37 Exceptional Items - Income / (Expenditure)

okil fd;k x;k vfrfjDr izko/kku Excess Provision Written Back

lEifÙk;ksa ds fcØh ij ykHk Profit on Sale of Assets

lEifÙk;ksa ds fcØh ij gkfu Loss on Sale of Assets

vkbZ-ch-,e- ds jkW;YVh njksa esa vUrj Royalty rate difference (IBM)

dqy Total

189432388

5535

(12627)

0

189425296

(`)


2015-16For the Year

2016-17

77818246

2392

0

(2757452)

75063186

o"kZ ds nkSjku okil fy, vR;f/kd izko/kkuksa esa fiNys o"kZ ds nkSjku fd;s x;s vf/kd izko/kkuks dh fuEu jkf'k 'kkfey gS tSls ̀ 1813-16 yk[k Hkwfe dj]` 22-49 yk[k NEMT midj]` 12-22 yk[k vkiwfrZdrkvksa ,oa Bsdsnkjksa bR;kfn ls lEcfU/kr gS] ̀ 12-05 yk[k vfuok;Z fdjk;k] ̀ 28-51 yk[k ih-vkj-ih ds vR;f/kd izko/kku] ̀

5-89 yk[k ih-,Q ds vR;f/kd izko/kku ¼fiNys o"kZ ̀ 681-79 yk[k Hkwfe dj ds vR;f/kd izko/kku] ̀ 39-26 yk[k lsok dj ds vR;f/kd izko/kku] ̀ 1-27 yk[kMR 'kqYd ds izko/kku ̀ 28-71 yk[k jkW;YVh rFkk ̀ 27-15 yk[k vkiwfrZdrkvksa ,oa Bsdsnkjksa ls lEcfU/kr FksA½

Excess Provison written back during the year includes writing back of excess provision created in earlier years i.e. Rs.1813.16 lakh towards excess provision of Land Tax, Rs.22.49 lakh towards excess provision of NMET cess, Rs.12.22 lakh towards excess provision of contractors, suppliers etc., Rs.12.05 lakh towards dead rent, Rs.28.51 lakh towards exces provision of PRP, Rs.5.89 lakh towards excess provision of PF (previous year Rs.681.79 lakh towards excess provision of Land Tax, Rs.39.26 lakh towards excess provision of Service Tax, Rs.1.27 lakh towards excess provision for MR Cess, Rs.28.71 lakh towards excess provision of Royalty and Rs. 27.15 lakh towards excess provision created against Suppliers / Contractors).

(`)


2015-16For the Year

2016-17

uksV la[;k & 38 % vlk/kkj.k ens Note No. - 38 Extraordinary Items

0

0

0

0o"kZ ds nkSjku dksbZ Hkh vlk/kkj.k O;; ugha

fd, x, gSaA

There is no Extraordinary Items during

the year

uksV la[;k & 39 % vfrfjDr lwpuk

1- lacaf/kr i{kksa ls lacaf/kr fooj.k

lacaf/kr i{kks ds izdVhdj.k ij ys[kkadu ekud ¼,-,l-&18½ ds vuqlkj lwpuk uhps nh xbZ gS%&

dEiuh y[s kk ekud 18 ds vulq kj jklk;fud vkjS mojZ d e=a ky;] Hkkjr ljdkj ds }kjk fu;fa =r gS rFkk i'z kklfud fu;=.a k ds v/khu gAS

¼v½ izeq[k izca/kdh; dfe;k¡

¼1½ Jh /keiZ ky] v/;{k ,oa icz /a k fun's kd 01-12-2016 ls

¼2½ Mk-W ,l- d-s nkl] v/;{k ,oa icz /a k fun's kd 01-12-2016 rd

¼3½ Jh ,l-,l- 'k[s kkor] e[q ; f}rh; vf/kdkjh

¼4½ Jh fl)kFkZ deq kj] dEiuh lphoA

Åij crk, x, i{kks ls lca fa /kr fooj.k %

fooj.k 2016&17 2015&16

Jh /keiZ ky 0 0

Jh ,l- d-s nkl 29-00 55-67

Jh ,l-,l- 'k[s kkor 27-80 30-14

Jh fl)kFkZ deq kj 10-35 9-52

mijkDs r jkf'k ea s ors u] HkRr]s Hkfo"; fuf/k ea s ;kxs nku] i'as ku] fpfdRlk ifz rifw r]Z Nfq VV~ ;ka s dk idz Vhdj.k vkfn 'kkfey gAS mijkDs r ds vfrfjDr Hkkjr ljdkj ds fn'kkfun'Zs kks ds vulq kj ;s ykxs xjS &ekfS nd ykHkks ds Hkh ;kXs ; gAS

e[q ; icz /a ku dfe;ks ds ikfjJfed ea s xPsz ;Vq h ds ikz o/kku] udn NVq V~ h dks 'kkfey ugha fd;k tkrk g]S D;kfas d ;s dEiuh ds chekfa dd vk/kkj ij fu/kkfZ jr gkrs s gAS mijkDs r ds vUrxrZ dkbs Z Hkh cdk;k _.k ,oa vfxez _.k o"kZ ds vra ea s ugh gAS

¼2½ fof'k"V cSd uksVks ij izdVhdj.k%&

o"kZ ds nkjS ku dEiuh us ,e lh , (MCA) dh vf/klpw uk] th ,l

Note No. - 39 Additional Information1. Related Party Disclosure

Information as per Accounting Standard (AS-18) on

Related Party Disclosure is given below :

Company is under the administrative control of Ministry of

Chemical and Fertilizers, Government of India and is within the

meaning of state controlled enterprise as per para 10.13 of

Accounting Standard-18.

a. Key Management Personnel

(i) Shri Dharam Pal, Chairman & Managing Director from

01.12.2016

(ii) Dr. S.K.Das, Chairman & Managing Director upto 01.12.2016

(iii) Shri S.S.Shekhawat, Chief Financial Officer

(iv) Shri Siddharth Kumar, Company Secretary

Details relating to parties referred in above:

Remuneration:

Particulars For the year For the year

2016-17 2015-16

Shri Dharam Pal 0 0

Dr. S.K.Das 29.00 55.67

Shri S.S.Shekhawat 27.80 30.14

Shri Siddharth Kumar 10.35 9.52

The above amount includes salaries and allowances, contribution to Provident fund, pension etc. and actual paymentstowards leave encashment, medical reimbursement if any, . In addition to the above above they are eligible for non-monetary perquisites as per Government of India guidelines.

The remuneration to key management personnel does not include the provisions made for gratuity, leave encashmentas they are determined on an actuarial basis for the Company as a whole.There has been no outstanding loans and advances from the above referred parties as at year end.

2. Disclosure on Specified Bank Notes

During the year, the Company had Specified Bank Notes


104


105

vkj 308 ¼b½Z fnuka d 31 ekpZ 2017 ea s cdaS ukVs ,oa vU; fooj.k dks ukVs l~ ea s lfEefyr fd;k gAS

uoEcj 2016 ls fnlEcj 2016 dh vof/k ds nkjS ku fof'k"V cdS ukVs l~ dk fooj.k vk;kfs tr fd;k x;k gAS vf/klpw uk ds vulq kj ,l ch ,u ,oa vU; ukVs fuEukulq kj gAS

fooj.k ,l ch ,u vU; fooj.k dyq

uoEcj 2016 rd udn gkFk ea s 120000 19897 139897

tkMs %& vueq fr ikz Ir ifz Ir;k¡ 0 545026 545026

?kVko%& vueq fr ikz Ir Hkxq rku ¼20500½ ¼456712½ ¼477212½

?kVko%& cdaS ea s tek ¼99500½ 0 ¼99500½

fnlEcj 2016 dks udn gkFk e 0 108211 108211

bl [kMa ds ikz ;kts u e]as fof'k"V cdaS ukVs dk vFkZ oks gh gS tks Hkkjr ljdkj] for e=a ky;] vfFkdZ foHkkx ds ,l- vk-s 3407 ¼b½Z fnuka d 8 uoEcj] 2016 ea s fn;k x;k gAS

3- nsunkj o ysunku % nus nkjkas o yus nkjkas ds 'k"s k dk iqf"Vdj.k ckdh gS] yfs du

vf/kdrj n'kkvkas eas mUgas 31-03-2017 ls igys izkIr@ns fn;k x;k gSA

(SBNs) or other denomination notes as defined in the MCA notification, G.S.R. 308 (E), dated March 31, 2017.

The details of SBNs held and transacted during the period from November8, 2016 to December 30, 2016, the denomination-wise SBNs and other notes as per the notification are as follows:

Particulars SBNs * Other Total denomination notes

Closing cash in hand as 120000 19897 139897on November 08, 2016

Permitted receipts 0 545026 545026

Permitted payments (20500) (456712) (477212)

Amount Deposited in Banks (99500) 0 (99500)

Closing cash in hand 0 108211 108211as on December 30, 2016

For the purpose of this clause, the term 'Specified Bank Notes' shall have the same meaning provided in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E), dated November 8, 2016.

3. Debtors & Creditors :

Balances appearing as Debtors & Creditors are subject to

confirmation. However, in most of the cases the amounts

have been realized/paid after the year ended on

31.03.2017.

4. Current Assets :

In the opinion of the Management, current assets,

loans & advances have the value on realization in the

ordinary course of business equal to the amount at

which they are stated and all known liabilities have

been adequately provided for. Adequate provision for

loss on surplus/obsolete/non-moving items of

s tores/spares has been made based on

Management's assessment.

5. Value Added Tax : The Value Added Tax (VAT) has been made applicable

in the State of Rajasthan w.e.f. 01.04.2006, for which

the input credit is being granted against the total tax

payable. The company during the year has availed an

input credit of Rs. 15.24 Lakh (Previous year Rs. 22.60

Lakh) paid on packing material.

4- py ifjlEifÙk;ka %

izcU/ku dh jk; esa py lEifÙk;kas] _.kksa o vfxzeks dks lkekU; O;kikj dh n'kk esa izkI; ewY; ij fn[k;k x;k gS ,oa lHkh nkf;Roksa dk i;kZIr :i ls izko/kku fd;k x;k gSA LVkslZ ,oa Lis;lZ ij vf/kD;@vizpfyr@xSj izxfr'khy enks esa uqdlku gsrq izca/kdh; vkadyu ds vuqlkj i;kZIr :i ls izko/kku fd;k x;k gSA

5- ewY; of/kZr dj % jktLFkku jkT; esa 01-04-2006 ls ewY; of/kZr dj dks ykxw

fd;k x;kA ftlds fy, dqy ns; dj ij buiqV ØsfMV LohÑr fd;k tkrk gSA dEiuh us o"kZ ds nkSjku iSfdax lkexzh ij ̀ 15-24 yk[k ¼fiNys o"kZ ̀ 22-60 yk[k½ dh buiqV ØsfMV izkIr dh gSA

7- ykxr chek o HkkM+k ds vk/kkj ij vk;krksa dk ewY; %& 7. Value of Imports of CIF Basis(`)

fooj.k Particulars 2016-17

v- iwathxr lkeu a. Capital Goods 0 0

c- iqtsZ ,oa Li;slZ b. Components & Spare parts 0 0

l- iz;qDr lkexzh dk fooj.k %& c. Particulars of Materials Consumed

fooj.kParticulars

vk;frr Imported

ewY; ¼` yk[k½ Value (Rupees)

dqy mi;ksx dk izfr'kr% of Total Consumpiton

?kjsyw Indigenous

dqy mi;ksx dk izfr'kr% of Total Consumption

ewY; ¼` yk[k½ Value (Rupees)

dqy mi;ksxewY; ¼` yk[k½ Value of Total Consumption

(Rs.)

dPpk ekyRaw Material

iSfdax lkexzhPacking Material

LVkslZ ,oa Lis;lZStores &Spares

'kwU;Nil (Nil)

29344544

(40924694)

638325

(613672)

100% (100%)

100% (100%)

2015-16

(Figures in brackets are for the Previous Year)


106

'kwU;Nil (Nil)

'kwU;Nil (Nil)

'kwU;Nil (Nil)

'kwU;Nil (Nil)

'kwU;Nil (Nil)

'kwU;Nil (Nil)

'kwU;Nil (Nil)

'kwU;Nil (Nil)

6- lapkyu pØ % dEiuh dk lapkyu pØ 12 eghuksa dk gksrk gS o O;kikfjd

izkI; o jgfr;ks ds py o vpy gksus dk oxhZdj.k Hkh mlh ds vuqlkj fd;k tkrk gSA

n- fons'kh eqæk esa O;; %& d. Expenditure in Foreign Currency(`)

fooj.k Particulars 2016-17 2015-16

1- fMtkbZu] vfHk;kfU=dh] vxzg.k ykblsUl 1. Design, Engineering, Procurement License and know-how Nil Nil

2- vU; 2. Other Nil Nil

3- fons'kh eqæk esa vk; 3. Earnings in Foreign Currency Nil Nil

6. Operating Cycle : The Operating Cycle of the Company is 12 months and

the current and non-current classification of inventories

and Trade Receivables etc. was done accordingly.

29344544

(40924694)

638325

(613672)

7- iquZxBu 7. Regrouping

tgka vko';d Fkk fiNys o"kZ ds ys[kks dks iquZxfBr fd;k x;k gSA Previous year's figures have been recast/ rearranged &

regrouped wherever necessary to make them comparable

with current year figures.





funs'kd

g-¼vydk frokjh½




egk izcU/kd

M/s. Mertia Daga & Associates

C h a r t e r e d A c c o u n t a n t s

FRN:002056C

Sig.

(Khushboo Daga)

Partner

M.No. 521175

Date : 27.06.2017

Place : New Delhi

Sig.

(Anilkumar V. Patil)

Director

Sig.

(Siddharth Kumar)

Company Secretary

Sig.

(Alka Tiwari)

CMD

Sig.

(S.S. Shekhawat)

General Manager


107

uksV la[;k & 40 % egRoiw.kZ ys[kk uhfr;k¡ rFkk ys[kksa ijfVIif.k;k¡ ¼31 ekpZ] 2017 dks lekIr o"kZ ds fy;s½

FCI ARAVALI GYPSUM & MINERALSINDIA LTD., Jodhpur

Note 40 : Significant Accounting Policies and Noteson Accounts for the Ended 31st March 2017

A. SIGNIFICANT ACCOUNTING POLICIES :

1.0 GENERAL:

1.1 The financial statements have been prepared as of a

going concern on historical cost convention and on

accrual method of accounting, in accordance with the

generally accepted accounting principles and

applicable Accounting Standards in India and as per the

provisions of the Companies Act, 1956 upto F.Y. 2013-

14 and thereafter as per new Companies Act, 2013.

1.2 The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions to be made that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and differences between actual results and estimates are recognized in the periods in which the results are known/ materialized.

2.0 FIXED ASSETS:

2.1 Fixed Assets are stated at cost of acquisition inclusive

of inward freight, duties & taxes and incidental

expenses related to acquisition.

2.2 Assets are capitalized after they are certified to be

complete and put to use.

3.0 DEPRECIATION:

3.1 Depreciation on Fixed Assets is charged on straight-

line method on pro-rata basis at the rates specified in

schedule XIV of the Companies Act, 1956 till

31.03.2014 and according to Part C of Schedule III of

Companies Act, 2013.

3.2 Lease hold land is amortized over the lease period/

over the residual period from the date of possession.

3.3 Assets costing up to Rs. 5000/- each are fully

depreciated in the year of purchase till F.Y. 2013-14 and

w.e.f. 01.04.2014 at applicable rates keeping residual

value at 5% of the original cost.

¼d½ egRoiw.kZ ys[kk uhfr;k¡ %

1-0 lkekU; %

1-1 foÙkh; fooj.k pkyw dEiuh ds :i esa ,sfrgkfld ykxr ijEijk vkSj izksn~Hkou ys[kk i)fr ds varxZr cuk;s x;s gS ,oa lkekU;r% LohÑr ys[kk fl)kUrksa vkSj Hkkjr esa ykxw ys[kk ekudksa ds vuqlkj gS rFkk 2013&14 rd dEiuh vf/kfu;e] 1956 ds izko/kkuksa ds vuq:i gS mlds i'pkr~ dEiuh vf/kfu;e 2013 ds vuq#i gS A

1-2 foÙkh; fooj.k dks lkekU; :i ls ekU; ys[kkadu fl)kUrksa ds vuq:i cukus ds fy, vuqeku vkSj dYiuk dh vko';drk gksrh gS tksfd foÙkh; fooj.k dh frfFk dks ifjlEifÙk;ksa vkSj nsunkjh o vkdfLed nsunkjh dk izdVu ,oa jktLo vkSj O;; dk nf'kZr ewY; ml frfFk dks foÙkh; fooj.k dks izHkkfor djrk gSA okLrfod ifj.kke vkSj vuqeku fHkUu gks ldrs gS rFkk okLrfod ifj.kke vkSj vuqeku esa vUrj ftl le; irk pyk mlh le; og ys[kksa esa lekfgr fd;s x;s gSA

2-0 LFkk;h ifjlEifr;k¡ %

2-1 LFkk;h ifjlEifr;k¡ dks mudh vtZu ykxr ij fy;k x;k gS ftlesa vkod HkkM+k] 'kqYd ,oa dj rFkk vtZu ls lacf/kr vkdfLed O;; Hkh 'kkfey gSA

2-2 ifjlaifr;ksa dk iwathdj.k muds mi;ksx esa vkus ds izek.k i= ds ckn fd;k tkrk gSA

3-0 ewY;gkl %

3-1 LFkk;h ifjlEifr;kas ij eYw ;gkl fnukda 31-03-2014 rd dEiuh vf/kfu;e] 1956 eas fu/kkZfjr vuqlpw h XIV ds vuqlkj lh/kh njklas s rFkk fnukda 01-04-2014 ls dEiuh vf/kfu;e 2013 dh vuqlpw h AA ds Hkkx lh ds vuqlkj yxk;k x;kA

3-2 iV~Vk'kqnk Hkwfe dks iV~Vs dh vof/k ds vk/kkj ij@vf/kxzg.k dh vof/k ls 'ks"k cph gqbZ vof/k ds vk/kkj ij voysf[kr fd;k tkrk gSA

3-3 o"kZ 2013&14 rd 5000@& :i;a s eYw ; rd dh ifjlEifr;ka sdks [kjhns tkus ds o"kZ ea s gh ijw h rjg eYw ;gkflr dj fn;k tkrk Fkk yfs du 01-04-2014 ls ykxw ubZ njka s ds vulq kj eyw ykxr dk 5% vof'k"V eYw ; j[kk tkrk gS A


108

3.4 Depreciation is provided up to 95% of the cost of Plant & Machinery and 100% in respect of other assets leaving a balance of Re. 1/-.upto 31.03.2014, thereafter residual value of all tangible assets whose carrying amount (not less than 5% of original cost) exist in the balance sheet are kept at residual value 5% of original cost.

3.5 Depreciation on assets capitalized /disposed off during the year is provided proportionate to the date of addition /disposal/discard.

4.0 INVENTORIES:

4.1 Packing material, stores and spare parts are valued at weighted average cost or net realizable value whichever is lower.

4.2 Finished products are valued at lower of the cost of production or sale price. Closing balance of finished stock are accounted for on the basis of physically verified quantities.

5.0 SHORTAGE/EXCESS:

Shortages/Excesses of Packing materials, stores & spares and finished stock arising from physical verification are charged/adjusted to consumption/ production.

6.0 SALES:

Sales are accounted for on the basis of Quantity sold to the customers and is stated net of Sales Tax/VAT.

7.0 SUBSIDY:

Subsidy on Agriculture Grade Gypsum supplied, if any, in the State of Rajasthan is accounted for on accrual basis based on quantity sold through dealers as per the scheme of the State Govt. of Rajasthan, and is included in Sales Turn over.

8.0 CLAIMS:

Claims on underwriters, transporters including Railways for goods in transit based on the shortage certificate from the respective transporters (or railways) are accounted for in the year of lodgement of monetary claims.

9.0 PREPAID EXPENSES:

Expenditure up to 25000/- in each case is charged to revenue in the current year.

10.0 RETIREMENT BENEFITS:

10.1 Company's contribution under Provident Fund and Employees Family Pension Scheme are accounted for on accrual basis.

10.2 Liability for Gratuity is covered by group gratuity cum Life Assurance Scheme of Life Insurance Corporation of India and is administered through a separate Trust set up by the Company. The liability provided/paid on the basis of actuarial valuation of LIC of India.

3-4 fnukad 31-03-2014 rd la;a= ,oa e'khujh ij mldh ewy ykxr ls :- 95 izfr'kr rd ,oa vU; ifjlEifr;ksa dks mudh ewy ykxr dk 100 izfr'kr rd ¼,d :i;sa dk 'ks"k NksM+rs gq,½ ewY;gkflr dj fn;k tkrk FkkAijUrq ubZ njksa ds ykxw gksus ds i'pkr~ lHkh ewrZ lEifRr;ksa dks mldh okLrfod ykxr dk 5 izfr'kr vof'k"V ewY; ds :i esa fpV~Vs esa j[krs gSA

3-5 iw¡thÑr ifjlEifr;ksa@fuiVkbZ xbZ lEifr;ksa ij ewY;gkl vf/kxzg.k dh xbZ frfFk ls@fuiVku dh xbZ frfFk rd yxk;k tkrk gSA

4-0 oLrqlwfp;k¡ %4-1 iSfdax lkexzh] LVkslZ ,oa vfrfjDr iqtksZ dh ykxr xfr'khy

Hkkfjr vkSlr ij ;k fuoy olwyh ;ksX; ewY;] tks Hkh de gks] ij vk¡dh tkrh gSA

4-2 vafre mRikn ds LVkWd dk ewY;kadu Hkh mRikn dh ykxr ij ;k foØ; ewY; ij tks Hkh de gks ij fd;k tkrk gSA rS;kj eky ds vafre 'ks"k dk ys[kkadu izR;{k lR;kiu ds vk/kkj ij fd;k tkrk gSA

5-0 dfe;k¡@o`f);k¡ % iSfdax lkexzh] LVkslZ ,oa vfrfjDr iqtZs ,oa vafre mRikn esa

izR;{k lR;kiu ds vk/kkj ij vkWdh xbZ dfe;k¡@o`f);ksa dks miHkksx@mRiknu ds varxZr lek;kstu fd;k tkrk gSaA

6-0 fcØh % fcØh dks xkz gdka s dks cps h xbZ ek=k ds vk/kkj ij yfs [kr fd;k tkrk

gS vkjS fcØh dj@oVS dks fuoy :i ea s fu:fir fd;k tkrk gAS7-0 lfClMh % jktLFkku ljdkj dh ;kstuk ds varxZr jktLFkku jkT; esa

vkiwfjr dh xbZ Ñf"k Js.kh ftIle ij lafClMh dk ys[kkadu csph xbZ ek=k ds vuqlkj mikftZr vk/kkj ij fd;k tkrk gS vkSj bls dqy fcØh esa lekosf'kr fd;k tkrk gSA

8-0 nkos % ekxZLFk lkexzh ds fy, chek dEifu;kas ,oa jys os lfgr

ifjogdkas ij muls izkIr deh ds izek.k i= ds vk/kkj ij nkokas dk y[s kkda u vkfFkZd nkok izLrqr djus ds o"kZ es fd;k tkrk gSA

9-0 iwoZ pqdrk O;; % :i;s 25]000 ewY; rd ds izR;sd iwoZ nRr O;; dks mlh o"kZ esa

ysf[kr fd;k tkrk gS ftlesa os fd;s x;s gksaA10-0 lsokfuo`fÙk ykHk %10-1 Hkfo"; fuf/k ,oa depZ kjh ifjokj i'as ku ;kts uk ds vra xrZ dEiuh

ds v'a knku dk y[s kkda u mikftrZ vk/kkj ij fd;k tkrk gAS10-2 vkuqrksf"kd dh ns;rk dk izko/kku Hkkjrh; thou chek fuxe

ds xzqi xzsP;qVh de ykbQ ba';ksjsal ;kstuk ds varxZr vkrk gS vkSj dEiuh }kjk LFkkfir vyx VªLV }kjk lapkfyr gksrk gSA ns;rk dk fu/kkZj.k Hkkjrh; thou chek fuxe ds okLrfod chekdau ewY;kadu ds vk/kkj ij fd;k tkrk gSA


109


110

10.3 Liability for encashable leave (earned leave & sick leave)is accounted for on the basis of actuarial valuation of LIC of India (Who are the fund managers for group leave encashment life assurance scheme (GLES) taken by the Company).

10.4 The company has implemented the defined contribution pension scheme for the welfare of employees with LIC of India in which 10% & 2% of basic and dearness allowance is contributed by the company and employees respectively.

11.0 DEFERRED REVENUE EXPENDITURE:

The balances of expenditure incurred before the date of AS 26 becoming mandatory and appearing in the Balance Sheet are amortized and charged to expenses over a period of five years

12.0 DEFERRED TAXATION:

Deferred tax is recognized subject to consideration of prudence, on timing differences, being the difference between taxable income and accounting income that originate in one year and capable of reversal in one or more subsequent years.

13.0 RESEARCH AND DEVLOPMENT EXPENDITURE:

Revenue expenditure on Research and Development net of grants on accrual basis, if any is recognized as an expense in the year in which it is incurred.

Capital expenditure on R & D is shown as an addition to the Fixed Assets and such assets are depreciated at applicable rates.

14.0 GRANTS

“Govt. grants of revenue nature are recognized on accrual basis according to their spending and disclosed as deduction from the respective head of expenditure. Further, the grants of capital nature are recognized as “Deferred Govt. Grants” till utilization of grants.”

“Further Fixed Assets acquired out of capital grants are treated on the basis of income approach and are treated as deferred income and recognized in the P&L statement over the useful life of related assets and in proportion to which depreciation on these assets is provided.”

10-3 NqfV~V;ksa ds udnhdj.k ds fy, izko/kku dk ys[kkadu Hkkjrh; thou chek fuxe ¼tks fd dEiuh }kjk LohÑr xzqi vodk'k udnhdj.k thou chek ;kstuk ¼th-,y-bZ-,l-½ ds fuf/k izca/kd gS½ ds okLrfod ewY;kadu ds vk/kkj ij fd;k tkrk gSA

10-4 dEiuh us thou chek ls deZpkfj;ksa ds dY;k.k gsrq ,d isU'ku Ldhe ykxw dh gS ftlesa fd csfld o eagxkbZ HkRrs dk 10 izfr'kr dEiuh }kjk o 2 izfr'kr deZpkfj;ksa }kjk va'knku fd;k tkrk gSA

11-0 vkLFkfxr jktLo O;; % ys[kk ekud 26 ds vfuok;Z gksus dh frfFk ls igys fd;s x;s

[kpksZ dk 'ks"k tks rqyu&i= esa n'kkZ, x;s gS] mUgsa ik¡p o"kZ dh vof/k ds nkSjku O;; esa voysf[kr fd;k tkrk gSA

12-0 vkLFkfxr djkjksi.k % vkLFkfxr dj dk ys[kkadu le; ds varj ds vk/kkj ij fd;k

tkrk gSA le; esa varj] dk dkj.k dj ;ksX; vk; ,oa ys[kkdu vk; dk varj gS tks ,d o"kZ esa iSnk gksrk gS ,oa vkus okys ,d ;k vusd o"kkZs esa lekIr gks tkrk gSA

13-0 vuqla/kku vkSj fodkl O;; % vuqla/kku vkSj fodkl ij jktLo O;; dks] ljdkjh lgk;rk

;fn dksbZ gks] dks ?kVkdj ftl o"kZ esa og O;; gqvk gS] O;; esa fy;k x;k gSA

vuqla/kku vkSj fodkl ij iw¡thxr O;; dks LFkk;h ifjlEifRr esa vyx ls n'kkZ;k tkrk gS ,oa bu ifjlEifRr;ksa dks ykxw nj ij âkflr fd;k tkrk gSA

14-0 ljdkj }kjk izkIr jktLo % ljdkj }kjk izkIr vuqnku dks miktZu ds vk/kkj ij mlls

lEcfU/kr O;; ls dVkSrh dj ds iznf'kZr fd;k tkrk gS] iwathxr izÑfr ds vuqnku dks] tc rd mls mi;ksx esa u fy;k tk,] LFkfxr ljdkjh vuqnku ds :i esa n'kkZ;k tkrk gSA

iwathxr vuqnku ls izkIr iwath xr lEifRr;ksa dks vk; ds n`f"Vdks.k ds vk/kkj ij LFkfxr vk; ekudj bu lEifRr;ksa ij mi;ksxh thou ds vk/kkj ij vuqikfrd :i ls ewY; gkl ykHk gkfu [kkrs esa n'kkZ;k tkrk gSA

Form No. MGT-11

Proxy Form[Pursuant to section 105(6) of the Companies Act, 2013 and rules 19(3) of Companies (Management and Administration) Rules 2014]

Name of the Company : FCI Aravali Gypsum and Minerals India Limited,

Registered Office : Mangu Singh Razvi Marg, Paota B Road, Jodhpur.

Name of Member (s) :

Registered Address :

E-mail ID :

Folio No./Client ID :

DP ID :

I/We being a member(s) of.......................................shares of above named company, hereby appoint

Name :

Address :

E-mail ID :

Signature

or Failing him

Name :

Address :

E-mail ID :

Signature

As my/ our proxy to attend and vote (on poll) for me/ us on my/our behalf at the 14th Annual General

Meeting/ Extraordinary General Meeting of the company to be held on the 01.09.2017, at 4:00 p.m. at

Registered office of the company at Mangu Singh Razvi Marg, Paota B Road, Jodhpur and at

adjournment thereof in respect of such resolution as are indicated below:


111

S.No. Resolutions For Against

1.

3.

2.

To receive, consider and adopt the audited Financial Statement of the

Company for the financial year ended March 31, 2017, the reports of the Board

of Directors' and Auditors' thereon

To fix the remuneration of Auditors and to consider and if thought fit, to pass the

following resolution as an Ordinary Resolution

To declare dividend on Equity Shares of the Company

Signed this ……............... day of …....………2017.

Signature of Member

Signature of Proxy holder(s)

Note: This form of proxy in order to be effective should be duly completed and deposited at theregistered office of the company not less than 48 hour before the commencement of the meeting.


112

To issue bonus Shares4.

vuqyxudksa lfgr funs'kdksa dk izfrosnu

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