achieving more together

A N N U A L R E P O R T 2 0 1 0 - 1 1A N N U A L R E P O R T 2 0 1 0 - 1 1

0%

20%

40%

60%

80%

100%

120%

0

2

4

6

8

10 (2009-10)(2010-11)(2008-09) %age change

Maharashtra UttarPradesh

Karnataka Tamil Nadu/Pondicherry

Gujarat AndhraPradesh

/Qtl Domestic$c/pound Global

26

29

32

35

38

2800285029002950300030503100

Oct 10 Nov10 Dec 10 Jan11 Feb11 Mar 11 Apr 11 May 11 Jun 11 Jul 11 Aug 11 Sep11

10%20%30%40%50%

5075

100125150175200

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

225250

60%70%80%SMP/FRPU.P. SAP

change in SAP v/s SMP/FRP

GAPSugar

5%

15%

25%

35%

45%

55%

2000

2200

2400

2600

2800

3000

3200

3600

3400

3800

4000

4200

Oct09

Dec09

Feb10

Apr10

Jun10

Aug10

Oct10

Dec10

Feb11

Apr11

Jun11

Aug11

Nov09

Jan10

Mar10

May10

Jul10

Sep10

Nov10

Mar11

Jan11

May11

Jul11

Sep11

Gur

As at Less: Trfd Additions Deductions/ Upto Less: Trfd For Deductions/ As at 01.10.2010 Pursuant to Adjustments 30.09.2010 Pursuant to the Year *3 Adjustments 30.09.2010

Scheme of Scheme of Arrangement Arrangement

Land - (Free Hold )*1 506.29 36.42 - 0.11 469.76 - - - - - 469.76 506.29Land - (Lease Hold) 39.08 - - - 39.08 0.01 - 2.39 - 2.40 36.68 39.07Buildings & Roads *2 2,861.82 332.58 79.24 2.02 2,606.46 406.36 47.41 70.33 1.13 428.15 2,178.31 2,455.46Railway Siding 0.02 - - - 0.02 0.02 - - - 0.02 - -Plant & Machinery 12,867.08 959.49 264.91 12.88 12,159.62 3,926.67 183.11 674.65 9.03 4,409.18 7,750.44 8,940.41Furniture & Fixture 182.54 67.20 9.20 5.20 119.34 67.45 14.63 7.15 0.27 59.70 59.64 115.09Computers 155.54 49.16 8.60 1.52 113.46 97.18 31.62 12.57 1.76 76.37 37.09 58.36Vehicles 56.36 5.74 12.04 7.44 55.22 25.52 3.14 4.54 4.28 22.64 32.58 30.84This Year 16,668.73 1,450.59 373.99 29.17 15,562.96 4,523.21 279.91 771.63 16.47 4,998.46 10,564.50 12,145.52

Previous Year 16,101.06 - 624.52 56.85 16,668.73 3,701.67 - 847.90 26.36 4,523.21 12,145.52 -

Capital Work in Progress*4 172.95 223.24

Includes:*1 Land costing 41.69 Million ( 41.69 Million) pending transfer in the name of the Company*2 'Cane yard outside' not owned by the Company costing 3.29 Million ( 3.29 Million)*3 Transferred to Revaluation Reserve 3.25 Million ( 3.25 Million).

*4 Advance against capital expenditure 78.55 Million ( 85.72 Million)

As at Upto As at30.09.2011 30.09.2011 30.09.2011

NET BLOCKGROSS BLOCK DEPRECIATION

As at Less: Trfd Additions Deductions/ Upto Less: Trfd During Deductions/ As at 01.10.2010 Pursuant to Adjustments 30.09.2010 Pursuant to the Year Adjustments 30.09.2010


Computer Software 208.81 79.37 27.25 8.49 148.20 157.78 69.35 32.71 8.48 112.66 35.54 51.03Designs & Drawings 43.16 43.16 - - - 22.07 22.07 - - - - 21.09Technical Know How 3.08 - - - 3.08 2.35 - 0.51 - 2.86 0.22 0.73This Year 255.05 122.53 27.25 8.49 151.28 182.20 91.42 33.22 8.48 115.52 35.76 72.85

Previous Year 244.03 - 16.35 5.33 255.05 143.46 - 44.07 5.33 182.20 72.85 -Note: Intangible assets have not incurred any impairment during the year.

As at Upto As at30.09.2011 30.09.2011 30.09.2011


Sl. No.

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re of

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sacti

onTT

LUB

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s -

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s -

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ratuit

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not in

clude

d as i

t is pr

ovide

d on a

ctuari

al va

luatio

n for

the en

tire Co

mpan

y.No

te:

Trans

actio

nswi

thTT

Lalso

includ

ethe

trans

actio

nsdu

ringt

hepe

riodb

etwee

nthe

appo

inted

date

andt

heeff

ective

date

ofde

merge

r.Furt

her,p

endin

gexec

ution

ofdo

cume

ntswi

ththe

bank

sinr

espect

ofloa

nstra

nsfer

redto

TTL,

pursu

antto

theSc

heme

ofArr

ange

ment,

term

loanr

epay

ments

andi

nteres

tthe

reonh

asini

tially

been

paid

bythe

Comp

any.

Grou

p - A

Grou

p - B

Grou

p -C

Grou

p-D

Grou

p -E

TOTA

L

(

as on

30.09

.2011

Notes

:

(i)In

acco

rdanc

ewith

theAc

coun

tingS

tanda

rd(A

S)17

"Seg

ment

Repo

rting"

,theC

ompa

ny'so

perat

ionsh

aveb

eenc

atego

rized

into5

major

busin

essseg

ments

, whic

h con

stitut

e 99.0

2% (9

9.54%

) of th

e tota

l turno

ver o

f the C

ompa

ny.

These

busin

ess se

gmen

ts are

clas

sified

unde

r the

two m

ajor

busin

esses

inwh

ichthe

Comp

anyis

enga

gedi

n,an

dare

briefl

ydesc

ribed

hereu

nder

:

Suga

r&Al

liedB

usine

sses

a)Su

gar:

TheC

ompa

nyis

aman

ufactu

rerof

white

crysta

lsug

ar,ha

vinga

nagg

regate

suga

rcane

crush

ingca

pacit

yof6

1,000

TCD

(tonn

escru

shed

perd

ay)s

pread

over

seven

manu

factur

ingpla

ntssit

uated

inthe

State

ofUt

tarPra

desh

.Afte

rmee

tingt

heca

ptive

requir

emen

ts,the

Comp

anya

lsosel

lsthe

surpl

usmo

lasses

andb

agas

se,wh

ichare

produ

cedas

aby-p

roduc

tinthe

manu

factur

eofsu

gar.

b)Co

-gen

eratio

n:Th

ebus

iness

segme

nt,ap

artfro

mme

eting

some

powe

rand

steam

requir

emen

tofs

ugar

unit,

alsoe

xport

spow

erto

theSta

tegri

d.Ith

asins

talled

capa

cityo

f68M

Wsp

reado

verK

hatau

liand

Deob

ands

ugar

mills

.

c)Dis

tillery

:The

160k

ilo-li

tersp

erda

ycap

acity

distill

eryloc

ateda

tMuz

affarn

agar,

Uttar

Prade

sh,u

sesthe

molas

sespro

duced

inma

nufac

ture

ofsu

gara

sthep

rincip

alraw

mater

ialin

produ

ction

ofva

rious

categ

ories

ofalc

ohol.

Engin

eerin

gBu

sines

ses

a)Hi

gh Sp

eed G

ears

: This

busin

ess se

gmen

t man

ufactu

res hi

gh sp

eed g

ears

and g

ear b

oxes

at the

man

ufactu

ring f

acilit

y loc

ated a

t Myso

re,

Karna

taka

b)Wa

ter/W

astew

aterT

reatm

ent:

Thisb

usine

ssseg

ment

opera

tesfro

mNo

ida,U

ttarP

radesh

andp

rovide

seng

ineere

dtoo

rderp

rocess

equip

ment

andc

ompre

hens

iveso

lution

sinthe

water

andw

astew

aterm

anag

emen

t.

(ii)Th

e'Othe

rOpe

ration

s'main

lyinc

ludet

rading

ofva

rious

packa

gedf

astm

oving

cons

umer

good

s(un

derth

eCom

pany

'sbran

dnam

e),inc

luding

suga

r.

(iii)

There

areno

geog

raphic

alseg

ments

asthe

volum

eofe

xport

sisno

tsign

ifican

tand

thema

jortur

nove

rofth

eCom

pany

takes

place

indige

nous

ly.Th

ereisn

omajo

rrelia

nceo

nafew

custo

merso

rsupp

liers.

(iv)

Inter-

segme

nttra

nsfer

arepri

cedba

sedon

comp

etitiv

emark

etpri

cesor

deter

mine

dtoy

ielda

desir

edma

rgino

ragre

edon

aneg

otiate

dbas

is.Th

eseare

thene

limina

tedon

cons

olida

tion.

(v)Se

gmen

tresu

ltist

heseg

ment

reven

ueles

sseg

ment

expen

ses.

Segm

ente

xpen

sesinc

ludea

llexp

enses

direct

lyatt

ributa

bleto

theseg

ments

and

portio

nofth

eente

rprise

expen

sestha

tcan

beall

ocate

dona

reaso

nable

basis

tothe

segme

nts.In

terest

expen

seis

notin

clude

dins

egme

ntexp

enses

anda

ccordi

ngly,

segme

ntlia

bilitie

sdon

otinc

ludea

nyco

rresp

ondin

gborr

owing

s.

( in

Milli

on)

SUGA

REN

GINE

ERIN

GOT

HERS

Suga

rCo

-gen

erat

ionDi

stille

ryTo

tal S

ugar

Stea

m Tu

rbine

sGe

ars

Water

Tota

l Eng

ineer

ingOt

her O

pera

tions

Elim

inatio

nsTo

tal

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.1130

.09.10

30.09

.10

REVE

NUE

Exter

nal S

ales

1304

5.05

1339

4.83

525.6

870

7.04

789.4

289

5.11

1436

0.15

1499

6.98

-59

10.02

1313

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8.16

1863

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07.38

3177

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35.56

174.6

410

8.25

--

1771

1.94

2344

0.79

Inter-

segme

nt Sa

les98

3.82

1252

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4.93

760.3

4-

0.23

1628

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13.18

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128

1.99

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r Inc

ome

59.00

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l Rev

enue

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1467

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1171

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68.92

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79.84

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911

3.01

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1781

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5.02

RESU

LTSe

gmen

t resu

lt73

.53(5

73.29

)36

5.52

270.0

589

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8.69

(222

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04.28

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5.28

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621

9.47

650.4

118

69.03

0.64

2.27

(47.6

5)32

.4811

32.09

1681

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alloc

ated e

xpen

ses (N

et)

(168

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(150

.24)

Oper

ating

prof

it96

3.48

1531

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erest

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)(8

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)Int

erest

incom

e23

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.38Div

idend

Inco

me,Pr

ofit o

n sale

of

unus

ed la

nd an

d Surp

lus on

disp

osal

41.80

446.1

5of

invest

ments

(Net)

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e tax

es(in

cludin

g defe

rred t

ax)

48.11

(264

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Net p

rofit

130.5

890

8.41

OTHE

R IN

FORM

ATIO

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gmen

t asse

ts13

061.6

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tal a

ssets

2206

0.29

2506

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Segm

ent li

abilit

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6.73

880.3

950

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alloc

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liabil

ities

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.11



Land - (Free Hold )*1 506.29 36.42 - 0.11 469.76 - - - - - 469.76 506.29Land - (Lease Hold) 39.08 - - - 39.08 0.01 - 2.39 - 2.40 36.68 39.07Buildings & Roads *2 2,861.80 332.58 79.24 2.00 2,606.46 406.36 47.41 70.33 1.13 428.15 2,178.31 2,455.44Railway Siding 0.02 - - - 0.02 0.02 - - - 0.02 - -Plant & Machinery 12,845.56 959.49 264.91 (8.65) 12,159.63 3,926.66 183.11 674.65 9.02 4,409.18 7,750.45 8,918.89Furniture & Fixture 182.67 67.20 9.20 5.33 119.34 67.56 14.63 7.15 0.38 59.70 59.64 115.11Computers 155.84 49.16 8.60 1.83 113.45 97.45 31.62 12.57 2.03 76.37 37.08 58.40Vehicles 56.65 5.74 12.04 7.73 55.22 25.65 3.14 4.54 4.41 22.64 32.58 31.00This Year 16,647.91 1,450.59 373.99 8.35 15,562.96 4,523.71 279.91 771.63 16.97 4,998.46 10,564.50 12,124.20

Previous Year 16,114.72 - 624.52 91.32 16,647.91 3,710.22 - 849.00 35.51 4,523.71 12,124.20 -

Capital Work in Progress*4 172.95 223.24

Includes:*1 Land costing 41.69 Million ( 41.69 Million) pending transfer in the name of the Company.*2 ‘Cane yard outside’ not owned by the Company costing 3.29 Million ( 3.29 Million).*3 Transferred to Revaluation Reserve 3.25 Million ( 3.25 Million).*4 Advance against capital expenditure 78.55 Million ( 85.72 Million).

As at Upto As at30.09.2011 30.09.2011 30.09.2011




Computer Software 208.90 79.37 27.25 8.58 148.20 157.87 69.35 32.71 8.57 112.66 35.54 51.03Designs & Drawings 43.16 43.16 - - - 22.07 22.07 - - - - 21.09Technical Know How 7.95 - - 4.87 3.08 7.22 - 0.51 4.87 2.86 0.22 0.73This Year 260.01 122.53 27.25 13.45 151.28 187.16 91.42 33.22 13.44 115.52 35.76 72.85

Previous Year 255.92 16.35 12.26 260.01 150.38 - 44.60 7.82 187.16 72.85 -Note: Intangible assets have not incurred any impairment during the year.

As at Upto As at30.09.2011 30.09.2011 30.09.2011


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ment

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major

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roup.

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gana

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name

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tyet

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