8/21/2019 MA Project (1)

1/200

PARTICULARS NOTES

EQUITY AND LIABILITIES

(1) Shareholder's Funds

(a) Share Capital 971.41

(b) Reserve and Surplus 60176.58

61147.99

(2) Hybrid Perpetual Securities 2275.00

(3) Non-Current Assets

(a) Long-term borrowings 23808.9

(b) Deferred tax liabilities (net) 2038.98

(c ) Other long-term liabilities 983.52

(d) Long-term provisions 1905.0528736.45

(4) Current Liabilities

(a) Short-term borrowings 43.69

(b) Trade payables 8263.61

(c ) Other current liabilities 8671.67

(d) Short-term provisions 1902.81

18881.78

TOTAL EQUITY AND LIABILITIES 111041.22

ASSETS

(5) Non-Current Assets

(a) Fixed Assets 11 | 12

(i) Tangible Assets 24064.43

(ii) Intangible Assets 201.32

(iii) Capital work-in-progress 18509.4

Total Fixed Assets 42775.15

(b) Non-current investments 52318.56

(c ) Long-term loans and advances 4080.07

(d) Other non-current assets 302.03

99475.81

(6) Current Assets (a) Current Investments 2343.24

(b) Inventories 6007.81

(c ) Trade receivables 770.81

(d) Cash and bank balances 961.16

(e ) Short-term loans and advances 1299.2

(f) Other current assets 182.38

11564.6

TOTAL ASSETS 111040.41

2013-14

TATA STEELSTANDALONE BALANCE SHEET ( in

8/21/2019 MA Project (1)

2/200

971.41 971.41

54238.27 51245.05

55209.68 52216.46

2275.00 2275

23565.57 21353.2

1843.74 970.51

380.87 298.03

2113.42 1851.327903.6 24473.04

70.94 65.62

6363.66 5883.92

8509.79 8716.57

1544.26 2172.38

16488.65 16838.49

101876.93 95802.99

24650.54 11142.36

224.51 223.9

8722.29 16046.75

33597.34 27413.01

49984.8 49078.35

6574.15 6301.08

215.79 190.98

90372.08 82983.42

434 1204.17

5257.94 4858.99

796.92 904.08

2192.36 3946.99

2207.83 1829.25

615.8 76.09

11504.85 12819.57

101876.93 95802.99

2012-13 2011-12

INR CRORES)

8/21/2019 MA Project (1)

3/200

PARTICULARS NOTES

Revenue

Revenue from Operations 21

Less : Excise Duty

Net Revenues

Add : Other Income 22

Total Revenue

Expenses

Raw Materials Consumed 23

Purchase of finished, semi-finished and other products 24

Changes in inventories of finished goods, work in progress and stock-in trade 25

Employee benefits expense 26

Depreciation and Amortization Expense 27Finance Costs 28

Other Expenses 29

Less : Expenditure (other than interest) transferred to capital and other accounts

Total Expenses

Profit Before Exceptional Items and Tax

Exceptional Items 30

Profit of sale of non-current investments

Provision for dimunition of the value of investment / doubtful advances

Total Exceptional Items

Proft Before Tax

Tax Expenses

Current Tax

MAT Credit

Deferred Tax

Total Tax

Profit After Tax

Nominal Value Per Share

Basic Earnings per Share

Diluted Earnings per Share

TATA STEELSTANDALONE INCOME STATEMENT (in INR CROR

8/21/2019 MA Project (1)

4/200

2013-14 2012-13 2011-12

46309.34 42317.24 37005.51

4598.31 4117.81 3072.25

41711.03 38199.43 33933.26

787.64 902.04 886.43

42498.67 39101.47 34819.69

9677.71 9877.4 8014.37

352.63 453.34 209.52

-155.18 -404.6 -220.72

3673.08 3602.27 3047.26

1928.7 1640.38 1151.441820.58 1876.77 1925.42

16375.81 14420.91 11824.49

1029.92 876.13 478.23

32643.41 30590.34 25473.55

9855.26 8511.13 9346.14

0 12.33 511.01

-141.76 -686.86 0

-141.76 -674.53 511.01

9713.5 7836.6 9857.15

3098.02 1770.54 3115.11

0 -399.84 0

203.29 1402.93 45.82

3301.31 2773.63 3160.93

6412.19 5062.97 6696.22

10 10 10

64.21 50.28

64.21 20.28

S)

8/21/2019 MA Project (1)

5/200

2013-14 2012-13 2011-12

Sale of Products ( Note 21A ) 44,884.60 41,013.90 35,655.99

Sale of Power and Water 897.99 875.29 980.44

Income from town, medical and other services 86.96 75.60 50.70

Other operating income 439.79 352.45 318.58

Revenue From Operations 46309.34 42317.24 37005.71

2013-14 2012-13 2011-12

Saleable Steel ( Finished) 36056.57 31817.79 27587.53

Agrico Products 159.52 166.04 156.14

Semi-finished Steel and Scrap 1376.2 1647.61 1427.84Welded Steel Tubes 2095.56 1933.34 1895.28

By-Products 427.02 333.14 346.63

Raw Materials

`- Ferro Manganese 210.95 186.1 140.69

`-Charge Chrome / Ferro Chrome 1103.72 1523.81 1157.61

`- Other Raw Materials 3172.98 3130.52 2677.68

Bearings 187.77 180.14 193.9

Metallurgical Machinery 36.27 91.23 67.55

Sales of Purchased Materials

`- Saleable Steel (Finished/Converted) 51.89 0 0

`- Raw Materials / Scrap / Other Materials 6.15 4.18 5.14

Sale of Products 44884.6 41013.9 35655.99

2013-14 2012-13 2011-12

Dividend Income

`- Investment in Subsidiaries 352.97 627.6 46.18

`- Investment in Joint Ventures and Associates 69.36 12.51 9.11

`- Other non-current nvestments 58.69 62.24 62.21

`- From current investments 13.42Interest Income 153.64 109.09 433.26

Net gain/(loss) on sale of investments

`- On sale of other non-current investments 24.78 221.53 430.57

`- On sale of current investments 181.4 0 0

Profit on sale of capital assets -48.61 -3 -52.98

Gain/ (loss) on cancellation of forwards, swaps and options -18.01 -127.93 -41.92

Other Income 787.64 902.04 886.43

NOTE 21 - Revenue From Operations (in INR Crores)

TATA STEELNOTES - 21, 21A, 22

NOTE 21A - Additional Information - Details of Product Solds (in INR Crores)

NOTE 22 - Other Income (in INR Crores)

8/21/2019 MA Project (1)

6/200

Iron Ore

Coal

Coke

Limestone and Dolomite

Ferro Manganese

Zinc and Zinc Alloys

Sulphur and Other Materials

Less : Charged to Wages and Salaries

Raw Materials Consumed

For Resale

`- Finished/Semi-Finished Steel Materials

`- Finished/Semi-Finished Steel Materials - Agrico and Tubes

For Own Consumption

`- Finished/Semi-Finished Steel Materials

`- Others

Purchase of Finished, Semi-Finished and Other Products

Inventory at the begininng of the year

`- Work-in-Progress

`- Finished Goods

`- Stock-in-Trade of Goods acquired for trading

Total Invetory at the beginning of the year

Inventory at the end of the year

`- Work-in-Progress

`- Finished Goods

`- Stock-in-Trade of Goods acquired for tradingTotal Invetory at the end of the year

Change In Inventory

NOTE 23 - Raw Materials Consumed (i

TATA STEELNOTES - 23, 24, 25

NOTE 24 - Purchase of Finished, Semi-Finished and Ot

NOTE 25 - Change in Inventories of Finished Goods, Work-in-Pro

8/21/2019 MA Project (1)

7/200

2013-14 2012-13 2011-12

1977.51 1746.21 1203.83

1238.51 1145.26 1382.27

5637.89 6397.85 5234.48

738 663.93 510.63

181.14 132.21 109.28

267.56 259.59 251.35

2181.77 1834.21 1409.45

2544.67 2301.86 2086.92

9677.71 9877.4 8014.37

2013-14 2012-13 2011-12

52.34 3.3 4.35

33.41 20.6 16.6

252.36 418.65 178.03

14.52 10.79 10.54

352.63 453.34 209.52

2013-14 2012-13 2011-12

65.88 53.83 81.19

2032.34 1639.83 1391.91

0.8 0.76 0.6

2099.02 1694.42 1473.7

35.99 65.88 53.83

2216.14 2032.34 1639.83

2.07 0.8 0.762254.2 2099.02 1694.42

-155.18 -404.6 -220.72

n INR Crores)

her Products (in INR Crores)

ress and Stock-in-Trade (in INR Crores)

8/21/2019 MA Project (1)

8/200

2013-14 2012-13 2011-12

Salaries and Wages, including bonus 3230.6 2916.69 2646.21

Contribution to provident and other funds 365.9 418.9 299.29

Staff welfare expenses 76.58 266.68 101.76

Employee Benefits Expense 3673.08 3602.27 3047.26

2013-14 2012-13 2011-12

Depreciation on Tangible Assets 1780 1568.8 1095.83

Amortization on Intangible Assets 148.7 71.58 55.61

Depreciation and Amortization Expense 1928.7 1640.38 1151.44

2013-14 2012-13 2011-12

Interest Expense

`- Debentures/Bonds and fixed loans 1946.46 1846 1993.61

`- Others 99.66 119.38 110.55

Other Borrowing Costs 85.12 85.52 105.75

Less: Interest Capitalized 310.66 174.13 284.49

Finance Costs 1820.58 1876.77 1925.42

NOTE 26 - Employee Benefits Expense (in INR Crores)

TATA STEELNOTES - 26, 27, 28

NOTE 27 - Depreciation and Amortization Expense (in INR Crores)

NOTE 28 - Finance Costs (in INR Crores)

8/21/2019 MA Project (1)

9/200

2013-14 2012-13 2011-12

Consumption of Stores and Spares 2611.23 2090.89 1693.48

Repairs to Buildings 74.46 85.42 61.08

Repairs to Machinery 1733.92 1381.08 1162.95

Relining Expenses 44.06 38.49 28.87

Fuel Oil Consumed 207.7 189.06 186.44

Purchase of Power 2564.61 2321.11 1803.72

Conversion Charges 2003.63 1955.19 1513.97

Freight and Handling Charges 2755.08 2260.76 1703.98

Rent 46.04 33.63 30.88

Royalty 1129.8 1152.43 912.43

Rates and taxes 508.61 423.18 371.71

Insurance 44.06 41.77 36.48Commission, discounts and rebates 163.98 142.67 128.42

Provision of wealth tax 2 2 1.7

Provision of doubtful debts and advances 60.53 11.15 -5.41

Excise Duty 80.32 134.97 94.95

Others 2345.78 2157.11 2098.84

Other Expenses 16375.81 14420.91 11824.49

TATA STEELNOTES - 29

NOTE 29 - Other Expenses (in INR Crores)

8/21/2019 MA Project (1)

10/200

TANGIBLE ASSETS

Freeholds Land and Roads 559.98

Leasehold Land 194.77

Buildings 2847.15

Leasehold Buildings 0.9

Plant and Machinery 34335.76

Furniture and Fixtures 49.18

Office Equipments 149.63

Vehicles 228.23

Railway Sidings 452.8

TOTAL 38818.4

INTANGIBLE ASSETS

Software Costs 142.06

Development of Property 683.59

TOTAL 825.65

PARTICULARSFor the year ended

March 31, 2014

8/21/2019 MA Project (1)

11/200

533.1 467.79 177.45 171.17

191.65 191.65 17.64 15.45

2747.15 1262.08 568.2 484.21

0.9 0.9 0.76 0.74

33541.99 20384.62 13590.01 12148.78

47.69 38.76 45.43 43.4

135.8 113.18 116.12 102.12

227.88 195.38 107.78 103.71

405.62 203.32 130.58 111.65

37831.78 22857.68 14753.97 13181.23

119.09 81.52 92.13 79.97

581.05 546.43 532.2 395.66

700.14 627.95 624.33 475.63

TATA STEEL - NOTE 11 / 12Gross Block Depreciation and Amortiz

For the year ended

March 31, 2013

For the year ended

March 31, 2012

For the year ended

March 31, 2014

For the year ended

March 31, 2013

8/21/2019 MA Project (1)

12/200

161.78 382.53 361.93 306.01

13.27 177.13 176.2 178.38

415.04 2278.95 2262.94 847.04

0.72 0.14 0.16 0.18

10813.36 20745.75 21393.21 9571.26

36.3 3.75 4.29 2.46

86.28 33.51 33.68 26.9

93.58 120.45 124.17 101.8

94.99 322.22 293.97

11715.32 24064.43 24650.55 11034.03

71.08 49.93 39.12 10.44

332.97 151.39 185.39 213.46

404.05 201.32 224.51 223.9

tion Net Block

For the year ended

March 31, 2012

For the year ended

March 31, 2014

For the year ended

March 31, 2013

For the year ended

March 31, 2012

8/21/2019 MA Project (1)

13/200

PARTICULARS

For the year ended

March 31, 2014 (in

INR crores)

For the year ended

March 31, 2013 (in

INR crores)

Direct MaterialRaw Materials Consumed 9677.71 9877.4

Direct Labor

Salaries and Wages, including bonus 3230.6 2916.69

Contribution to provident and other funds 365.9 418.9

Total Direct Labor 3596.5 3335.59

Manufacturing Overhead

Consumption of Stores & Spares 2611.23 2090.89

Staff welfare expenses 76.58 266.68

Repairs to buildings 74.46 85.42

Repairs to machinery 1733.92 1381.08

Relining Expenses 44.06 38.49

Insurance 44.06 41.77

Rent 46.04 33.63

Power & Fuel 2772.31 2510.17

Conversion Charges 2003.63 1955.19

Freight and Handling Charges 2755.08 2260.76

Depreication on Tangible Assets 1780 1568.8

Amortization on Intangible assets 148.7 71.58

Rates & Taxes 508.61 423.18Total Manufacturing Overhead 14598.68 12727.64

Total Manufacturing Costs 27872.89 25940.63

Work In Progress, April 1 65.88 53.83

Sub total 27938.77 25994.46

Deduct: Work in Progress, Mar 31 35.99 65.88

Cost of Goods Manufactured 27902.78 25928.58

Schedule of Cost Of Goods Manufactured

8/21/2019 MA Project (1)

14/200

8/21/2019 MA Project (1)

15/200

For the year ended

March 31, 2012(in

INR crores)

PARTICULARS

8014.37 Finished Goods inventory, April 1 (Beginning)

Add: Stock in trade inventory, April 1 (Beginning)

Add: Cost of Goods Manufactured

2646.21 Add : Purchase of Finished/Semi-Finished Goods

299.29 Cost of Goods available for sale

2945.5 Less: Finished Goods inventory, March 31 (Closing)

Less: Stock in trade inventory, March 31 (Closing)

1693.48 Cost of Goods Sold

101.76

61.08

1162.95

28.87

36.48

30.88

1990.16

1513.97

1703.98

1095.83

55.61

371.719846.76

20806.63

81.19

20887.82

53.83

20833.99

Schedule

8/21/2019 MA Project (1)

16/200

8/21/2019 MA Project (1)

17/200

For the year ended

March 31, 2014 (in

INR crores)

For the year ended

March 31, 2013 (in

INR crores)

For the year ended

March 31, 2012(in

INR crores)

2032.34 1639.83 1391.91

0.8 0.76 0.6

27902.78 25928.58 20833.99

352.63 453.34 209.52

30288.55 28022.51 22436.02

2216.14 2032.34 1639.83

2.07 0.8 0.76

28070.34 25989.37 20795.43

f Cost of Goods Sold

8/21/2019 MA Project (1)

18/200

8/21/2019 MA Project (1)

19/200

PARTICULARS

For the year ended

March 31, 2014 (in

INR crores)

Gross Sales 44884.6

Less : Excise Duty 4598.31

Net Sales Revenue 40286.29

Less: Variable COGS & Operating Expenses

Raw Materials Consumed 9677.71

Consumption of Stores & Spares 2611.23

Relining Expenses 44.06

Depreciation and Amortization Expenses 148.7

Power & Fuel 2772.31

Conversion Charges 2003.63

Freight and Handling Charges 2755.08

Change in Inventories of WIP, Finished Goods & Stock-in-Trade -155.18

Purchase of Finished/Semi-Finished Goods 352.63

Commission, discounts and rebates 163.98

20374.15

Contribution Margin 19912.14

Less : Fixed COGS & Operating Expenses

Employee benefits expense 3673.08Repairs to buildings 74.46

Repairs to machinery 1733.92

Insurance 44.06

Rent 46.04

Depreciation and Amortization Expenses 1780

Rates & Taxes 508.61

Royalty Expenses 1129.8

Excise Duty 80.32

9070.29

Add : Operating IncomeSale of Power and Water 897.99

Income from town, medical and other services 86.96

Other operating income 439.79

1424.74

Operating Profit 12266.59

Contribution Income Statement

8/21/2019 MA Project (1)

20/200

Add : Non Operating Income

Other Income 787.64

Capitalized Expenditure 1029.92

Interest Capitalized ( Interest Income) 310.66

Profit of sale of non-current investments 0

2128.22

Less : Non Operating Expense

Finance Costs (other than Interest Expense) 85.12

Provision of wealth tax 2

Provision of doubtful debts and advances 60.53

Provision for dimunition of the value of investment / doubtful advances 141.76

Others 2345.78

2635.19

Earning Before Interest and Taxes 11759.62

Less : Interest

Finance Costs ( only Interest Costs ) 2046.12

2046.12

Earning Before Taxes 9713.5

Less : Tax Expenses 3301.31

Net Income 6412.19

8/21/2019 MA Project (1)

21/200

For the year ended

March 31, 2013 (in

INR crores)

For the year ended

March 31, 2012(in

INR crores)

41013.9 35655.99

4117.81 3072.25

36896.09 32583.74

9877.4 8014.37

2090.89 1693.48

38.49 28.87

71.58 55.61

2510.17 1990.16

1955.19 1513.97

2260.76 1703.98

-404.6 -220.72

453.34 209.52

142.67 128.42

18995.89 15117.66

17900.2 17466.08

3602.27 3047.2685.42 61.08

1381.08 1162.95

41.77 36.48

33.63 30.88

1568.8 1095.83

423.18 371.71

1152.43 912.43

134.97 94.95

8423.55 6813.57

875.29 980.44

75.6 50.7

352.45 318.58

1303.34 1349.72

10779.99 12002.23

8/21/2019 MA Project (1)

22/200

902.04 886.43

876.13 478.23

174.13 284.49

12.33 511.01

1964.63 2160.16

85.52 105.75

2 1.7

11.15 -5.41

686.86 0

2157.11 2098.84

2942.64 2200.88

9801.98 11961.51

1965.38 2104.16

1965.38 2104.16

7836.6 9857.35

2773.63 3160.93

5062.97 6696.42

8/21/2019 MA Project (1)

23/200

Sale Revenues ( INR Crores) FY 2013-14 FY 2012-13 FY 2011-12

Steel 38107.47 34055.81 29585.69

Ferroy Alloys and Materials 4493.8 4844.61 3981.12

Tubes 2095.56 1933.34 1895.28Bearings 187.77 180.14 193.9

44884.6 41013.9 35655.99

Sales ('000 metric tonnes unit) FY 2013-14 FY 2012-13 FY 2011-12

Steel 8516 7482 6632

Ferroy Alloys and Materials 1004 1152 1351

Tubes 418 387 377

Bearings 35 32 35

9973 9053 8395

Sale Price per metric tonne (INR) FY 2013-14 FY 2012-13 FY 2011-12

Steel 44748.09 45516.99 44610.51

Ferroy Alloys and Materials 44758.96 42053.91 29467.95

Tubes 50133.01 49957.11 50272.68

Bearings 53648.57 56293.75 55400.00

Average Sale Price per unit (INR) 45006.12 45304.21 42472.89

Cost-Volume-Profit Analysis of TATA Steel

8/21/2019 MA Project (1)

24/200

Sales Mix ( Revenue ) FY 2013-14

Steel 0.8490

Ferroy Alloys and Materials 0.1001

Tubes 0.0467Bearings 0.0042

1

Sales Mix ( Quantity ) FY 2013-14

Steel 0.8539

Ferroy Alloys and Materials 0.1007

Tubes 0.0419

Bearings 0.0035

1

CVP Analysis - Results FY 2013-14

Average Sale Price per unit (INR) 45006.12

Average Variable Costs per unit (INR) 20429.31

Average Contribution Margin per unit (INR) 24576.81

Fixed Costs (INR Crores) 9070.29

Cost-Volume-Profit Analysis of TATA Steel - Product W

8/21/2019 MA Project (1)

25/200

FY 2012-13 FY 2011-12

0.8303 0.8298

0.1181 0.1117

0.0471 0.05320.0044 0.0054

1 1

FY 2012-13 FY 2011-12

0.8265 0.7900

0.1273 0.1609

0.0427 0.0449

0.0035 0.0042

1 1

FY 2012-13 FY 2011-12

45304.21 42472.89

20982.98 18007.93

24321.23 24464.96

8423.55 6813.57

se

8/21/2019 MA Project (1)

26/200

Break-Even Sales Revenue ( INR Crores) FY 2013-14 FY 2012-13 FY 2011-12

Steel 14101.98 13028.92 9815.02

Ferroy Alloys and Materials 1662.97 1853.43 1320.73

Tubes 775.48 739.65 628.76Bearings 69.49 68.92 64.33

Total Break-Even Sales Volume ('000 metric tonnes units) 16609.91 15690.91 11828.84

Break-Even Sales Volume ('000 metric tonnes units) FY 2013-14 FY 2012-13 FY 2011-12

Steel 3151 2862 2200

Ferroy Alloys and Materials 372 441 448

Tubes 155 148 125

Bearings 13 12 12

Total Break-Even Sales Volume ('000 metric tonnes units) 3691 3463 2785

CVP Analysis - Results FY 2013-14 FY 2012-13 FY 2011-12

Break-Even Sales Volume ( '000 tonnes unit) 3691 3463 2785

Break-Even Sales Revenue ( INR Crores ) 16609.91 15690.91 11828.84

Operating Leverage 1.6233 1.6605 1.4552

Safety Margin (in INR Crores) 28274.69 25322.99 23827.15

Cost-Volume-Profit Analysis of TATA Steel - Product Wise

8/21/2019 MA Project (1)

27/200

FY 2013-14 FY 2012-13

Sales Revenues (in INR Crores) 44884.6 41013.9

Sales Volume (in metric tonnes) 9973000 9053000

Sales Price per unit metric tonne (INR) 45006.12 45304.21

Direct Labour per unit metric tonne (INR) 9703.91 10910.64

Direct Materials per unit metric tonne (INR) 3606.24 3684.51

Maunfacturing Overhead per unit metric tonne (INR)

Consumption of Stores & Spares 2618.30 2096.55

Staff welfare expenses 76.79 267.40

Repairs to buildings 74.66 85.65

Repairs to machinery 1738.61 1384.82

Relining Expenses 44.18 38.59

Insurance 44.18 41.88

Rent 46.16 33.72

Power & Fuel 2779.82 2516.97

Conversion Charges 2009.05 1960.48

Freight and Handling Charges 2762.54 2266.88

Depreication on Tangible Assets 1784.82 1573.05

Amortization on Intangible assets 149.10 71.77

Rates & Taxes 509.99 424.33

Total Manufacturing Overhead ( INR) 14638.20 12762.10

Total Manufacturing Costs (INR) 27948.35 28654.18

COGM Analysis of TATA Steel

8/21/2019 MA Project (1)

28/200

FY 2011-12

35655.99

8395000

42472.89

9546.60

3508.64

1698.06

102.04

61.25

1166.10

28.95

36.58

30.96

1995.55

1518.07

1708.59

1098.80

55.76

372.72

9873.42

24784.55

8/21/2019 MA Project (1)

29/200

FY 2013-14 FY 2012-13 FY 2011-12

TATA Steel 45006.12 45304.21 42472.89 TATA Steel

SAIL 42778.03 44381.84 44201.91 SAIL

JSW Steel 41122.58 43685.31 44347.83 JSW Steel

Bhusan Steel 51623.28 47890.75 49859.87 Bhusan SteelKalyani Steel 53227.03 54856.89 53377.70 Kalyani Steel

FY 2013-14 FY 2012-13 FY 2011-12

TATA Steel 9703.91 10910.64 9546.60 TATA Steel

SAIL 7823.28 7668.61 6869.87 SAIL

JSW Steel 627.46 711.53 748.28 JSW Steel

Bhusan Steel 1456.47 1146.90 1279.17 Bhusan Steel

Kalyani Steel 2804.23 2677.83 2031.02 Kalyani Steel

FY 2013-14 FY 2012-13 FY 2011-12

TATA Steel 3606.24 3684.51 3508.64 TATA Steel

SAIL 15739.78 18821.48 18838.18 SAIL

JSW Steel 22630.87 25458.73 26819.62 JSW Steel

Bhusan Steel 26335.27 24496.55 26262.49 Bhusan Steel

Kalyani Steel 28449.03 30538.28 33124.65 Kalyani Steel

FY 2013-14 FY 2012-13 FY 2011-12TATA Steel 14638.20 12762.10 9873.42 TATA Steel

SAIL 9472.21 10007.20 8100.01 SAIL

JSW Steel 16668.69 22925.74 16792.28 JSW Steel

Bhusan Steel 10207.02 7599.55 6779.36 Bhusan Steel

Kalyani Steel 15527.32 15611.24 15336.37 Kalyani Steel

Direct Labour per Metric Tonne (in INR) Break-Even

Sales Price per Metric Tonne (in INR)

Direct Materials per Metric Tonne (in INR) Break-E

Manufacturing Overhead per Metric Tonne (in INR) Sales Reven

8/21/2019 MA Project (1)

30/200

FY 2013-14 FY 2012-13 FY 2011-12 FY 2013-14 FY 2012-13

1.6233 1.6605 1.4552 TATA Steel 19912.14 17900.2

2.1234 1.8502 1.9016 SAIL 7353.67 7630.35

1.0243 1.1385 1.1497 JSW Steel 7290.91 5280.21

2.2572 1.6880 1.6848 Bhusan Steel 2709.95 3317.661.4711 1.3095 0.7825 Kalyani Steel 286.49 162.54

FY 2013-14 FY 2012-13 FY 2011-12 FY 2013-14 FY 2012-13

3690589 3463456 2785033 TATA Steel 12266.59 10779.99

4429624 3712671 4267093.5 SAIL 3463.23 4124.11

1023785 766122 738926 JSW Steel 6349.46 4533.84

1050370 982854 848164 Bhusan Steel 1200.58 1965.45

77623 68896 94535 Kalyani Steel 186.26 104.36

FY 2013-14 FY 2012-13 FY 2011-12 FY 2013-14 FY 2012-13

16609.91 15690.91 11828.84 TATA Steel 6412.19 5062.97

18125.01 15692.22 17893.59 SAIL 2616.48 2170.35

4172.15 3345.84 3269.41 JSW Steel 1334.51 1801.22

5422.35 4706.96 4228.94 Bhusan Steel 61.96 908.89

413.17 377.94 504.61 Kalyani Steel 58.59 23.87

FY 2013-14 FY 2012-13 FY 2011-12 FY 2013-14 FY 2012-1344884.6 41013.9 35655.99 TATA Steel 20374.15 18995.89

52375.7 49986.9 51036.16 SAIL 39344.74 36967.91

48090.15 38751.98 34578.73 JSW Steel 37238.56 30107.42

10172.42 11336.34 10454.67 Bhusan Steel 428.01 463.67

1100.90 774.70 882.20 Kalyani Steel 826.89 638.04

Sale Volumes (in Metric Tonnes) Operating Profit ( in INR Crore

Operating Leverage Contribution Margin

ven Sale Sales (in INR Crores) Net Profit (in INR Crores)

e of Steel Products (in INR Crores) Variable Costs (in INR Crores)

8/21/2019 MA Project (1)

31/200

FY 2011-12 FY 2013-14 FY 2012-13 FY 2011-12

17466.08 TATA Steel 9070.29 8423.55 6813.57

7337.1 SAIL 3890.44 3506.24 3478.68

4934.53 JSW Steel 941.45 746.37 704.63

3230.37 Bhusan Steel 2334.34 2110.46 2371.40186.75 Kalyani Steel 102.83 66.67 63.70

FY 2011-12 FY 2013-14 FY 2012-13 FY 2011-12

12002.23 TATA Steel 0.4424 0.3951 0.4112

3858.42 SAIL 0.3802 0.3581 0.3422

4229.90 JSW Steel 0.1516 0.1363 0.1427

1917.32 Bhusan Steel 0.2664 0.2927 0.3090

142.31 Kalyani Steel 0.2602 0.2098 0.2117

FY 2011-12 FY 2013-14 FY 2012-13 FY 2011-12

6696.42 TATA Steel 24576.81 24321.23 24464.96

3542.72 SAIL 8782.78 9443.98 8152.34

1626.16 JSW Steel 9195.78 9742.18 9535.87

1023.47 Bhusan Steel 18444.69 18475.62 19465.72

22.04 Kalyani Steel 13247.88 9677.18 6738.19

FY 2011-12 FY 2013-14 FY 2012-13 FY 2011-1215117.66 TATA Steel 9973000 9053000 8395000

39004.69 SAIL 12243599 11262918 11546144

27126.24 JSW Steel 11800618 8873328 7815215

337.97 Bhusan Steel 1970511 2367126 2096811

770.83 Kalyani Steel 206831.00 141222.00 165275.00

) Contribution Margin Ratio

Fixed Costs

Contribution Margin per unit (in INR)

Sales Volume ( In Metric Tonnes)

8/21/2019 MA Project (1)

32/200

FY 2013-14 FY 2012-13 FY 2011-12

TATA Steel 28274.69 25322.99 23827.15

SAIL 28274.69 25322.99 23827.15

JSW Steel 43918.00 35406.14 31309.32

Bhusan Steel 4750.07 6629.38 6225.74Kalyani Steel 687.73 396.76 377.59

Safety Margin (in INR Crores)

8/21/2019 MA Project (1)

33/200

PARTICULARS NOTES

EQUITY AND LIABILITIES

(1) Shareholder's Funds

(a) Share Capital 4130.53 4130.53

(b) Reserve and Surplus 38535.82 36894.11

42666.35

(2) Non-Current Assets

(a) Long-term borrowings 13632.22 13485.55

(b) Deferred tax liabilities (net) 2040.46 1728.53

(c ) Other long-term liabilities 1381.3 1271.12

(d) Long-term provisions 3901.28 4204.16

20955.26

(3) Current Liabilities

(a) Short-term borrowings 10634.48 8015.02 (b) Trade payables 3205.34 3322.04

(c ) Other current liabilities 12478.51 8654.7

(d) Short-term provisions 2021.95 2512.7

28340.28

TOTAL EQUITY AND LIABILITIES 91961.89

ASSETS

(4) Non-Current Assets

(a) Fixed Assets 1

(i) Tangible Assets 25256.52 15234.63

(ii) Intangible Assets 1514.13 1542.77

(iii) Capital work-in-progress 33650.54 35890.85

Total Fixed Assets 60421.19 52668.25

(b) Non-current investments 720.2 718.36

(c ) Long-term loans and advances 3794.32 3176.96

(d) Other non-current assets 135.43 568.46

65071.14

(6) Current Assets

(a) Current Investments

(b) Inventories 15200.82 16008.21

(c ) Trade receivables 5481.98 4424.18 (d) Cash and bank balances 2855.95 3850.35

(e ) Short-term loans and advances 1160.51 988.73

(f) Other current assets 2191.49 1814.96

26890.75

TOTAL ASSETS 91961.89

Balance Sheet

2013-14 201

8/21/2019 MA Project (1)

34/200

8/21/2019 MA Project (1)

35/200

4130.53

35680.79

41024.64 39811.32

11586.66

1644.48

1089.9

3513.44

20689.36 17834.48

4510.553190.42

8681.46

2308.79

22504.46 18691.22

84218.46 76337.02

15717.45

1409.93

28049.14

45176.52

684.94

2003.4

40.87

57132.03 47905.73

13742.37

4761.326415.7

1385.77

2126.13

27086.43 28431.29

84218.46 76337.02

2-13 2011-12

8/21/2019 MA Project (1)

36/200

8/21/2019 MA Project (1)

37/200

PARTICULARS NOTES 2013-14 2012-13 2011-12

Revenue

Revenue from Operations 2 52375.7 49986.9 51036.16

Less : Excise Duty 5677.29 5388.64 4694.37

Net Revenues 46698.41 44598.26 46341.79

Add : Other Income 4 881.41 964.44 1622.98

Total Revenue 47579.82 45562.7 47964.77

Expenses

Cost of Materials Consumed 5 19271.16 21198.48 23020.82

Purchase of Stock in Trade 0.78 3.21 4.88

Changes in inventories of finished goods, work in progress and s 6 894.63 -2016.09 -1368.51

Employee Benefits Expense 7 9578.51 8637.2 7932.05

Depreciation and Amortization Expense 8 1716.69 1402.98 1567.03

Finance Costs 9 967.64 747.66 677.7Other Expenses 10 13035.06 12160.81 10707.37

Total Expenses 45464.47 42134.25 42541.34

Add: Adjustments pertaining to Earlier Years 150.08 41.53 -10.54

Profit Before Exceptional Items and Tax 2265.43 3469.98 5412.89

Exceptional Items

Foreign Exchange Loss (-) -97.14 -229.32 -466.93

Compensation received for Non Performance of Contract 1056.26 0 204.91

Total Exceptional Items 959.12 -229.32 -262.02

Proft Before Tax 3224.55 3240.66 5150.87

Tax Expenses

Current Tax 683.26 1057.96 1501.03

MAT Credit -520.11 0 0

Deferred Tax 331.97 12.44 113.42

Earlier Years 112.95 -0.09 -6.3

Total Tax 608.07 1070.31 1608.15

Profit After Tax 2616.48 2170.35 3542.72

Statement of Profit & Loss

8/21/2019 MA Project (1)

38/200

8/21/2019 MA Project (1)

39/200

2013-14 2012-13

Sale of Products 51865.99 49349.69

SALE OF SERVICES 25.91 34.88

Other operating income 483.8 602.33

Revenue From Operations 52375.7 49986.9

2013-14 2012-13

Saleable Steel

Flat Products and PET (Pipes, Electrical sheets,Tin plates) 52 50

Long Products 38 41

Integrated Steel Plants Mild Steel 90 91

Alloy & Special Steel Plants - Alloy & Special Steel 6 5Total Saleable Steel 96 96

Secondary Products (Pig Iron, Scrap, Coal Chemicals etc.) 4 4

Total 100 100

2013-14 2012-13

INTEREST INCOME

Customers 159.12 142.88

Employees 24.77 30.36

Term Deposits 360.27 635.67

Others 39.97 17.55

Dividend income

Dividend from other investments 124.91 59.46

Other Non-operating income

Subsidy, relief and concession 16.51 13.14

Grant-in-aid 0 0.02

Profit on sale of fixed assets (net) 7.78 25.44

Other Non-operating income 5.05 59.66

Write back of Other liabilities 73.19 75.19

Liquidated damages 23.4 30.99Less: Expenses attributable to non-operating income -1.17 -1.94

PROVISIONS NO LONGER REQUIRED WRITTEN BACK

Loans & Advances 14.59 3.78

Sundry Debtors 13.14 8.23

Stores & Spares 8.45 5.19

Others 11.43 13.5

Other Income 881.41 1119.12

Note 2: Revenue From Operations

Note 3: Additional Information - % of Sales value

Note 4: Other Income

8/21/2019 MA Project (1)

40/200

8/21/2019 MA Project (1)

41/200

2011-12 2013-14

50348.4 Iron Ore 3238.63

26.62 Coal 14443.74

661.14 Coke 644.34

51036.16 Limestone 1021.69

Dolomite 431.47

Ferro Manganese 547.1

Ferro Silicon 168.5

2011-12 Silico Manganese 744.34

Intermediary Products 2.7

52 Zinc 97.09

39 Aluminium 247.06

91 Others 1443.09

5 Less : Inter Account adjustments -3758.5996 Raw Materials Consumed 19271.16

4

100

2013-14

Inventory at the begininng of the year

2011-12 Work-in-Progress 1960.82

Finished Goods 7976.53

106.22 Total Invetory at the beginning of the year 9937.35

33.96

1304.73 Inventory at the end of the year

19.31 Work-in-Progress 2437.42

Finished Goods 6534.1

57.48 Total Invetory at the end of the year 8971.52

Less : Excise Duty on accretion(-) /Depletion to stock 71.2

13.92

Net Accretion(-)/Depletion to stock 894.63

20.11

20.96

10.52

7.62

28.15

1622.98

Note 5: Raw Materials Consumed

Note 6: Change in Inventories of Finished Goods, Work-in-Progress an

8/21/2019 MA Project (1)

42/200

8/21/2019 MA Project (1)

43/200

2012-13 2011-12 2013-14

3279.85 2666.96 Salaries & Wages 7398.69

13526.35 16663.11 Leave Encashment 240.18

2977.51 1848.23 Company's contribution to Provident & other Fu 861.56

887.2 718.5 Travel Concession 128.32

406.8 324.22 Welfare Expenses 51.57

510.33 499.37 Gratuity 898.34

157.97 174.62 Less : Grants in Aid received from Government o -0.15

745.98 688.21 Employee Benefits Expense 9578.51

0.52 1.02

75.86 404.02

242.41 69.77

1423.44 230.61 2013-14

-3035.74 -2537.81 PLANTS, MINES & OTHERS21198.48 21750.83 Computer Software 18.55

Mining Rights 1595.54

SOCIAL FACILITIES

Computer Software 104.33

2012-13 2011-12 Depreciation and Amortization Expense 1716.69

2178.27 1490.51

5468.18 4641.57

7646.45 6132.08 NOTE 9: Finance Costs

2013-14

Interest Cost

1960.82 2004.76 Foreign Currency Loans 130.48

7976.53 5641.69 Non Convertible Bonds 145.61

9937.35 7646.45 Bank Borrowings - working capital 71.52

-274.81 -145.86 Steel Development Fund Loans 3.33

Others 166.29

-2016.09 -1368.51 Other Borrowing Cost 447.74

Interest under Income Tax Act 2.67

Total 967.64

NOTE 7: Employee Benefits Expense

NOTE 8: Depreciation and Amortization Ex

d Stock-in-Trade

8/21/2019 MA Project (1)

44/200

8/21/2019 MA Project (1)

45/200

2012-13 2011-12

6137.34 5843.08

779.77 555.36

554.61 531.5

33.77 330.66

486.56 440.63

645.3 231.07

-0.26 -0.25

8637.09 7932.05

2012-13 2011-12

30.81 36.3

1211.92 1373.56

104.33 104.33

1402.98 1567.03

2012-13 2011-12

124.81 91.87

108.25 89.42

21.65 29.35

3.85 4.32

197.29 531.37

291.79 31.84

0.02

747.66 778.17

pense

8/21/2019 MA Project (1)

46/200

8/21/2019 MA Project (1)

47/200

2013-14 2012-13 2011-12

Consumption of Stores & Spares Parts

Consumption of Stores & Spares Parts 4153.33 4065.52 1810.59

Less: Departmentally manufactured stores -973.95 -953.24

Less: Finished products internally consumed as stores and spares -839.35 -979.06

Power and Fuel 4942.15 4830.44 3300.01

REPAIRS & MAINTENANCE

Buildings 216.07 178.79 161.93

Plant & Machinery 533.71 481.2 486.64

Others 181.75 164.47 165.64

Freight Outward 976.43 950.23 754.86

Handling Expenses

Raw Material 251.79 198.76 237.19

Scrap Recovery 224.85 163.63 146.23Royalty and Cess 915.56 975.48 851.56

Conversion Charges 277.65 328.76 339.67

Excise Duty on Inter-Plant Transfer / Internal Consumption 461.94 385.47 237.45

Demurrage & Wharfage 93.72 55.99 61.84

Water Charges & Cess on Water Pollution 92.75 76.57 85.97

Insurance 17.06 16.31 9.9

Postage, Telegram & Telephone 20.6 19.78 23.64

Printing & Stationery 9.4 10.12 10.92

Rates & Taxes 67.72 65.68 47.42

Rent 24.77 13.84 14.84

Security Expenses 344.04 310.05 293.82

Travelling Expenses 184.18 210.87 196.49

Training Expenses 38.81 25.75 20.32

Directors' Fees 0.4

Remuneration to Auditors

Audit Fees 1.43 1.33 1.31

Tax Audit Fees 0.43 0.42 0.4

In other Services 0.92 0.96 1

Out of Pocket Expenses 0.79 0.68 0.75

Cost Audit Fee and Reimbursement of Expenses 0.15 0.14 0.3

ProvisionsDoubtful Debts, Loans and Advances 63.04 29.06 22.5

Stores , Spares and Sundries 135.42 24.25 43.47

Write-Offs - Miscellaneous 7.71 0.34 1.09

Voluntary Retirement Compensation 0.01 0.23 100.88

Handling Expenses - Finished goods 121.73 119.8 60.88

Cash Discount (net) 75.28 64.81 6.39

Commission to Selling Agents 7.6 7.59 24.34

Export Sales Expenses 25.36 18.37 0.43

NOTE 10: Other Expenses

8/21/2019 MA Project (1)

48/200

Miscellaneous 380.21 294.53 285.61

Total 13035.06 12157.92 9806.68

8/21/2019 MA Project (1)

49/200

TANGIBLE ASSETS

PLANTS, MINES & OTHERS

Land(including cost of development)

Freehold Land 180.3 257.4 182.42 0.86 0.87

Leasehold Land 297.62 356.05 34.15 64.86 79.33

Buildings 2260.73 2798.5 2228.95 1219.8 1280.09

Plant & Machinery

Steel Plant 31624.24 41868.53 31293.45 20546.42 21677.52

Others 2448.73 2505.72 2395.88 1635.2 1720.68

Furniture & Fittings 105.55 124.8 100.56 79.38 81.66

Vehicles 1162.82 1214.35 1045.24 533.67 577.7Office Equipments 55.87 56.53 34.11 34.86

Miscellaneous Articles 266.77 283.12 310.89 170.51 175.74

Roads,Bridges & Culverts 211.17 217.7 206.19 64.85 68.65

Water Supply & Sewerage 421.31 583.1 383.22 283.04 296.44

EDP Equipments 382.56 392.73 332.3 257.13 285.68

Railway Lines & Sidings 304.26 464.98 268.5 195.22 206.89

Sub-total 'A 39721.93 51123.51 38830.23 25085.05 26486.11

SOCIAL FACILITIES

Land(including cost of development)

Freehold Land 10.92 10.92 10.24 - -

Leasehold Land 6.89 6.89 6.89 5.54 5.66

Buildings 593.49 613.3 583.1 247.74 257.23

Plant & Machinery - Others 124.26 129 73.39 78.61 81.26

Furniture & Fittings 26.19 24.14 24.59 16.8 16.03

Vehicles 11.94 11.41 7.71 8.57 8.7

Office Equipments 4.16 4.29 2.14 2.25

Miscellaneous Articles 190.84 199.4 183.61 98.87 105.67

Roads,Bridges & Culverts 64.37 77.97 54.32 24.03 25.17

Water Supply & Sewerage 117.84 117.67 116.26 104.11 105.13

EDP Equipments 15 12.63 15.95 12.24 10.5Sub-total 'B' 1165.9 1207.62 1127.03 598.65 617.6

ASSETS RETIRED FROM ACTIVE USE

Unserviceable / Obsolete Assets 30.5 29.1 - -

Total 40918.33 52360.23 39957.26 25683.7 27103.71

Assets NOTE 11 / 12Gross Block Depreciation and Am

PARTICULARSFor the

year

For the

year

For the

year

For the

year

For the

year

8/21/2019 MA Project (1)

50/200

8/21/2019 MA Project (1)

51/200

0.83 257.4 179.44 181.59

45.73 276.72 232.76 -11.58

1164.76 1518.41 1040.93 1064.19

19395.85 20191.01 11077.82 11897.6

1555.26 785.04 813.53 840.62

77.41 43.14 26.17 23.15

489.26 636.65 629.15 555.9821.67 21.76 0

195.02 107.38 96.26 115.87

62.1 149.05 146.32 144.09

271.4 286.66 138.27 111.82

226.38 107.05 125.43 105.92

187.86 258.09 109.04 80.64

23663.03 24637.4 14636.88 15167.2

- 10.92 10.92 -

5.39 1.23 1.35 1.5

238.7 356.07 345.75 344.4

77.01 47.74 45.65 -3.62

15.96 8.11 9.39 8.63

8.08 2.71 3.37 -0.37

2.04 2.02 0

93.46 93.73 91.97 90.15

23.17 52.8 40.34 31.15

102.94 12.54 13.73 13.32

12.07 2.13 2.76 3.88576.78 590.02 567.25 550.25

0

29.1 30.5 0

24239.81 25256.52 15234.63 15717.45

ortization Net Block

For the

year

For the

year

For the

year

For the

year

8/21/2019 MA Project (1)

52/200

PARTICULARS

For the year ended

March 31, 2014 (in

INR crores)

For the year ended

March 31, 2013 (in

INR crores)

Direct Material

Raw Materials Consumed 19271.16 21198.48

Direct Labor

Salaries and Wages, including bonus 9578.51 8637.09

Total Direct Labor 9578.51 8637.09

Manufacturing Overhead:

Consumption of Stores & Spares 2340.03 2133.22

Staff welfare expenses 51.57 486.56

Repairs to buildings 216.07 178.79

Repairs to machinery 533.71 481.2

Other repairs 181.75 164.47

Insurance 17.06 16.31

Rent 24.77 33.63

Power & Fuel 4942.15 4830.44

Conversion Charges 277.65 328.76

Freight and Handling Charges 251.79 198.76

Depreication on Tangible Assets 1716.69 1402.98

Freight Outward 976.43 950.23

Rates & Taxes 67.72 65.68

Total Manufacturing Overhead 11597.39 11271.03

Total Manufacturing Costs 40447.06 41106.60

Work In Process, April 1 65.88 53.83

Sub total 40512.94 41160.43

Deduct: Work in process, Mar 31 35.99 65.88

Cost of Goods Manufactured 40476.95 41094.55

Schedule of Cost Of Goods Manufactured

8/21/2019 MA Project (1)

53/200

8/21/2019 MA Project (1)

54/200

For the year ended

March 31, 2012(in

INR crores)

PARTICULARS

21750.83 Finished Goods inventory, April 1 (Beginning)

Add: Cost of Goods Manufactured

7932.05

7932.05 Cost of Goods available for sale

Less: Finished Goods inventory, March 31 (Closing)

1810.59

440.63 Cost of Goods Sold

161.93

486.64

165.64

9.9

30.88

3300.01

339.67

237.19

1567.03

754.86

47.42

9352.39

39035.27

81.19

39116.46

53.83

39062.63

Schedule

8/21/2019 MA Project (1)

55/200

8/21/2019 MA Project (1)

56/200

For the year ended

March 31, 2014 (in

INR crores)

For the year ended

March 31, 2013 (in

INR crores)

For the year ended

March 31, 2012(in

INR crores)

7976.53 5468.18 4641.57

40476.95 41094.55 39062.63

48453.48 46562.73 43704.20

6534.1 7976.53 5641.69

41919.38 38586.20 38062.51

f Cost of Goods Sold

8/21/2019 MA Project (1)

57/200

8/21/2019 MA Project (1)

58/200

PARTICULARS

For the year ended

March 31, 2014 (in

INR crores)

Revenue from Operations 52375.7Less : Excise Duty 5677.29

Net Sales Revenue 46698.41

Less: Variable COGS & Operating Expenses

Raw Materials Consumed 19271.16

Changes in inventories of finished goods, work in progress and stock-in trad 894.63

Employee benefits expense 9578.51

Consumption of Stores & Spares 2340.03

Power & Fuel 4942.15

Raw Material 251.79

Scrap Recovery 224.85

Royalty and Cess 915.56

Conversion Charges 277.65

Excise Duty on Inter-Plant Transfer / Internal Consumption 461.94

Demurrage & Wharfage 93.72

Water Charges & Cess on Water Pollution 92.75

39344.74

Contribution Margin 7353.67

Less : Fixed COGS & Operating Expenses

Insurance 17.06

Postage, Telegram & Telephone 20.6

Printing & Stationery 9.4

Rent 24.77

Security Expenses 344.04

Depreciation and Amortization Expense 1716.69

Repair of Buildings 216.07

Repair Plant & Machinery 533.71

Others 181.75

Freight Outward 976.43

Add: Adjustments pertaining to Earlier Years -150.08

3890.44

Operating Profit 3463.23

Add : Non Operating Income

Other Income 881.41

4344.64

Contribution Income Statement

8/21/2019 MA Project (1)

59/200

Less : Non Operating Expense

Foreign Exchange Loss (-) -97.14

Compensation received for Non Performance of Contract -1056.26

Doubtful Debts, Loans and Advances 63.04

Stores , Spares and Sundries 135.42

Write-Offs - Miscellaneous 7.71Voluntary Retirement Compensation 0.01

Handling Expenses - Finished goods 121.73

Cash Discount (net) 75.28

Commission to Selling Agents 7.6

Export Sales Expenses 25.36

Miscellaneous 380.21

Audit Fees 1.43

Tax Audit Fees 0.43

In other Services 0.92

Out of Pocket Expenses 0.79

Cost Audit Fee and Reimbursement of Expenses 0.15

Purchase of Stock in Trade 262.78

Travelling Expenses 184.18

Training Expenses 38.81

152.45

Earning Before Interest and Taxes 4192.19

Less : Interest

Finance Costs ( only Interest Costs ) 967.64

3224.55

Earning Before Taxes 3224.55

Current Tax 683.26

MAT Credit -520.11

Deferred Tax 331.97

Earlier Years 112.95

Less : Tax Expenses 608.07

Net Income 2616.48

8/21/2019 MA Project (1)

60/200

For the year ended

March 31, 2013 (in

INR crores)

For the year ended

March 31, 2012(in

INR crores)

49986.9 51036.165388.64 4694.37

44598.26 46341.79

21198.48 25003

-2016.09 -1000.87

8637.2 7932.05

2133.22 1810.59

4830.44 3300.01

198.76 237.19

163.63 146.23

975.48 851.56

328.76 339.67

385.47 237.45

55.99 61.84

76.57 85.97

36967.91 39004.69

7630.35 7337.1

16.31 9.9

19.78 23.64

10.12 10.92

13.84 14.84

310.05 293.82

1402.98 1567.03

178.79 161.93

481.2 486.64

164.47 165.64

950.23 754.86

-41.53 -10.54

3506.24 3478.68

4124.11 3858.42

964.44 1622.98

5088.55 5481.4

8/21/2019 MA Project (1)

61/200

-229.32 -466.93

527.21 -651.28

29.06 22.5

24.25 43.47

0.34 1.090.23 100.88

119.8 60.88

64.81 6.39

7.59 24.34

18.37 0.43

294.53 285.61

1.33 1.31

0.42 0.4

0.96 1

0.68 0.75

0.14 0.3

3.21 4.88

210.87 196.49

25.75 20.32

1100.23 -347.17

3988.32 5828.57

747.66 677.7

3240.66 5150.87

3240.66 5150.87

1057.96 1501.03

0 0

12.44 113.42

-0.09 -6.3

1070.31 1608.15

2170.35 3542.72

8/21/2019 MA Project (1)

62/200

FY 2013-14 FY 2012-13 FY 2011-12

Sale ( metric Tonnes)

Main Steel PlantsPig Iron 166888 118432 115457

Steel Ingots 2056 48 98

Saleable steel 11611314 10745823 11007984

ALLOY STEELS PLANTS

Pig Iron 2798 12001 7798

Saleable steel 460543 386614 414807

Total 12243599 11262918 11546144

FY 2013-14 FY 2012-13 FY 2011-12

Sale Revenues ( INR crore)

Main Steel Plants

Pig Iron 423.34 314.01 306.39

Steel Ingots 5.64 0.14 0.27

Saleable steel 46923.37 44873.54 45597.9

ALLOY STEELS PLANTS

Pig Iron 8.62 36.49 23.17

Saleable steel 2737.05 2380.41 2489.77Total 50098.02 47604.59 48417.5

FY 2013-14 FY 2012-13 FY 2011-12

Price per tonne

Main Steel Plants

Pig Iron 25366.71301 26513.9489 26537.1524

Steel Ingots 27431.90661 29166.6667 27551.0204

Saleable steel 40411.76563 41759.0537 41422.5711

ALLOY STEELS PLANTS

Pig Iron 30807.7198 30405.7995 29712.7469

Saleable steel 59430.93262 61570.7139 60022.3719

Sales price per unit 40917.72362 42266.6577 41933.9132

Variable Cost per unit 32134.9466 32822.6753 33781.5724

Average Contribution margin 8782.777025 9443.98246 8152.34073

Cost-Volume-Profit Analysis

Cost-Volume-Profit Analysis

Cost-Volume-Profit Analysis

8/21/2019 MA Project (1)

63/200

Fixed Cost 3890.44 3506.24 3478.68

Break even sales volume 4429624.012 3712671.02 4267093.48

Break even sales revenue 18125.01311 15692.2195 17893.5928

8/21/2019 MA Project (1)

64/200

FY 2013-14 FY 2012-13 FY 2011-12

Qunatity percentage

Main Steel PlantsPig Iron 0.013630633 0.010515215 0.009999615

Steel Ingots 0.000167924 4.26177E-06 8.48768E-06

Saleable steel 0.948357913 0.954088718 0.9533905

ALLOY STEELS PLANTS

Pig Iron 0.000228528 0.001065532 0.000675377

Saleable steel 0.037615002 0.034326273 0.03592602

Total 1 1 1

FY 2013-14 FY 2012-13 FY 2011-12

Sales percentage

Main Steel Plants

Pig Iron 0.008450234 0.006596213 0.006328084

Steel Ingots 0.000112579 2.94089E-06 5.5765E-06

Saleable steel 0.936631228 0.942630532 0.941764858

ALLOY STEELS PLANTS

Pig Iron 0.000172063 0.000766523 0.000478546

Saleable steel 0.054633896 0.050003792 0.051422936Total 1 1 1

Quantity percentage

Sales percentage

8/21/2019 MA Project (1)

65/200

8/21/2019 MA Project (1)

66/200

FY 2013-14 FY 2012-13 FY 2011-12

Break even volume

Main Steel PlantsPig Iron 60378.57758 39039.53261 42669.29395

Steel Ingots 743.8423104 15.82256118 36.21773307

Saleable steel 4200868.985 3542217.537 4068206.389

ALLOY STEELS PLANTS

Pig Iron 1012.291238 3955.96993 2881.89676

Saleable steel 166620.3157 127442.1597 153299.6857

Total 4429624.012 3712671.022 4267093.483

FY 2013-14 FY 2012-13 FY 2011-12

Break even sales

Main Steel Plants

Pig Iron 153.1606049 103.5092174 113.2321555

Steel Ingots 2.04050128 0.046149137 0.09978355

Saleable steel 16976.45329 14791.96525 16851.55684

ALLOY STEELS PLANTS

Pig Iron 3.118638481 12.02844286 8.56290689

Saleable steel 990.2400758 784.670476 920.1410741Total 18125.01311 15692.21953 17893.59276

Break even sales (crores)

Break even volume (tonnes)

8/21/2019 MA Project (1)

67/200

FY 2013-14 FY 2012-13 FY 2011-12

Sale ( metric Tonnes)

Main Steel Plants

Pig Iron 166888 118432 115457

Steel Ingots 2056 48 98Saleable steel 11611314 10745823 11007984

ALLOY STEELS PLANTS

Pig Iron 2798 12001 7798

Saleable steel 460543 386614 414807

Total 12243599 11262918 11546144

FY 2013-14 FY 2012-13 FY 2011-12

Sale Revenues ( INR crore)

Main Steel Plants

Pig Iron 423.34 314.01 306.39

Steel Ingots 5.64 0.14 0.27

Saleable steel 46923.37 44873.54 45597.9

ALLOY STEELS PLANTS

Pig Iron 8.62 36.49 23.17

Saleable steel 2737.05 2380.41 2489.77

Total 50098.02 47604.59 48417.5

FY 2013-14 FY 2012-13 FY 2011-12

Price per tonne

Main Steel Plants

Pig Iron 25366.71 26513.95 26537.15

Steel Ingots 27431.91 29166.67 27551.02

Saleable steel 40411.77 41759.05 41422.57

ALLOY STEELS PLANTS

Pig Iron 30807.72 30405.80 29712.75

Saleable steel 59430.93 61570.71 60022.37

Sales price per unit 40917.72 42266.66 41933.91

Cost-Volume-Profit Analysis

Sales in quantity

Sales in volume

8/21/2019 MA Project (1)

68/200

FY 2013-14 FY 2012-13 FY 2011-12

Qunatity percentage

Main Steel Plants

Pig Iron 0.013630633 0.010515215 0.009999615

Steel Ingots 0.000167924 4.26177E-06 8.48768E-06Saleable steel 0.948357913 0.954088718 0.9533905

ALLOY STEELS PLANTS

Pig Iron 0.000228528 0.001065532 0.000675377

Saleable steel 0.037615002 0.034326273 0.03592602

Total 1 1 1

FY 2013-14 FY 2012-13 FY 2011-12

Sales percentage

Main Steel Plants

Pig Iron 0.008450234 0.006596213 0.006328084

Steel Ingots 0.000112579 2.94089E-06 5.5765E-06

Saleable steel 0.936631228 0.942630532 0.941764858

ALLOY STEELS PLANTS

Pig Iron 0.000172063 0.000766523 0.000478546

Saleable steel 0.054633896 0.050003792 0.051422936

Total 1 1 1

FY 2013-14 FY 2012-13 FY 2011-12

Sales price per unit 40917.72362 42266.65772 41933.91317

Variable Cost per unit 32134.9466 32822.67526 33781.57245

Average Contribution margin 8782.777025 9443.982456 8152.34073

Fixed Cost 3890.44 3506.24 3478.68

Break even sales volume 4429624.012 3712671.022 4267093.483

Break even sales revenue 18125.01311 15692.21953 17893.59276

Operating Leverage 2.1234 1.8502 1.9016

Sales percentage

Quantity percentage

8/21/2019 MA Project (1)

69/200

FY 2013-14 FY 2012-13 FY 2011-12

Break even volume

Main Steel Plants

Pig Iron 60378.58 39039.53 42669.29

Steel Ingots 743.84 15.82 36.22Saleable steel 4200868.98 3542217.54 4068206.39

ALLOY STEELS PLANTS

Pig Iron 1012.29 3955.97 2881.90

Saleable steel 166620.32 127442.16 153299.69

Total 4429624.01 3712671.02 4267093.48

FY 2013-14 FY 2012-13 FY 2011-12

Break even sales

Main Steel Plants

Pig Iron 153.16 103.51 113.23

Steel Ingots 2.04 0.05 0.10

Saleable steel 16976.45 14791.97 16851.56

ALLOY STEELS PLANTS

Pig Iron 3.12 12.03 8.56

Saleable steel 990.24 784.67 920.14

Total 18125.01 15692.22 17893.59

Break even volume (tonnes)

Break even sales (crores)

8/21/2019 MA Project (1)

70/200

FY 2013-14 FY 2012-13

Sales Revenues (in INR Crores) 52375.7 49986.9

Sales Volume (in metric tonnes) 12243599 11262918

Sales Price per unit metric tonne (INR) 42778.03 44381.84

Direct Labour per unit metric tonne (INR) 7823.28 7668.61

Direct Materials per unit metric tonne (INR) 15739.78 18821.48

Maunfacturing Overhead per unit metric tonne (INR)

Consumption of Stores & Spares 1911.23 1894.02

Staff welfare expenses 42.12 432.00

Repairs to buildings 176.48 158.74

Repairs to machinery 435.91 427.24

Other repairs 148.44 146.03

Insurance 13.93 14.48

Rent 20.23 29.86

Power & Fuel 4036.52 4288.80

Conversion Charges 226.77 291.90

Freight and Handling Charges 205.65 176.47

Depreication on Tangible Assets 1402.11 1245.66

Freight Outward 797.50 843.68

Rates & Taxes 55.31 58.32

Total Manufacturing Overhead 9472.21 10007.20

Total Manufacturing Costs (INR) 33035.27 36497.29

COGM Analysis of Bhusan Steel

8/21/2019 MA Project (1)

71/200

FY 2011-12

51036.16

11546144

44201.91

6869.87

18838.18

1568.13

381.63

140.25

421.47

143.46

8.57

26.74

2858.11

294.18

205.43

1357.19

653.78

41.07

8100.01

33808.06

8/21/2019 MA Project (1)

72/200

Note No As at March 2014

2 1067.19

3 23216.9924284.18

4 21054.32

5 1908.51

6 466.4

7 40.67

23469.9

8 3920.66

9 9991.25

10 6415.97

11 343.72

20671.6

68425.68

12

37225.12

69.96

6789.6667.81

44152.55

13 4312.85

14 4961.47

15

53426.87

16 67.7

17 6196.57

18 2218.74

19 465.72

14 6050.08

14998.81

68425.68

Balance SheetParticulars

Equity and Liabilities

(1) Share holders fund

Share Capital

Reserves and Surplus

(3)Current Liabilities

Short-term borrowings

Trade Payable

Other current liabilites

Short term Provisions

(2) Non Current Liabilities

Long-term borrowings

Deffred tax liabilities(Net)

Other long term liabilities

Long term provision

Tangible Assets

Intangible Assets

Capital Work-in- ProgressIntangible Assets under development

Non-Current Investment

Total

Asset

(1) Non Current assets

Fixed asset

Trade Receivable

Cash and cash equivalent

Short term loan and advances

Total

Long term loans and adavnces

Other non-cuurent assets

(2)Current Assets

Current Investment

Inventories

8/21/2019 MA Project (1)

73/200

Note No

For the year

ended 31 March

2014

20 49295.43

3997.71

45297.7221 331.05

45628.77

26705.82

494.81

22 -244.1

23 799.58

24 2740.13

12 2725.88

25 8759.02

41981.14

3647.63

26(8) 1692.3

1955.33

409.8

620.82

-409.8

620.821334.51

26(16)

53.86

53.86

1

For the year

ended 31st March

2014

39541.77

8985.41

48527.18

3997.71

Total revenue

Expenses:

Cost of Material Consumed

Purchases of stock-in-trade

Changes in inventories of finished goods,work in

progress stock in trade

Employee benefits expense

Income Statement

Particulars

Revenue from operations

Less:Excise Duty

Other Income

Exchange loss(net)

Profit before tax

Tax Expense

Current tax

Deffered tax

Less:MAR credit entitlment

Fianance costs

Depreciation and amortization

Other expenses

Total expenses

Profit before exceptional items and tax

Eceptional items

Note 20 :Revenue from Operations

Particulars

Sales of Products

Domestic turnover

Export turnover

Profit for the year

Earning per equity share:

Basic

Diluted(see note)

Significant Accounting Policies

Less Excise duty

8/21/2019 MA Project (1)

74/200

44529.47

460.85

307.4

768.25

45297.72

For the year

ended 31March

2014

245.16

22.23

17.15

6.56

6.49

33.46

331.05

For the year

ended 31March

2014

1679.5

282.91

1.54

0.12

1964.07

1694.96

563.87

2258.83

-294.76

50.66

-244.1

Note 21: Other Income

Particulars

Interest Income

Dividend income from long-term investment

Other Operating Revenue

Carbon Credits

Gain on prepayment of deffered value added/sales tax

Miscellaneous income

Particulars

Opening StockSemi finished/finished goods

Work in progress

Increase on acquisition

Semi finished/finished goods

Profit on sale of current investment

Profit on sale of long term invetment

Provision for doubtful debts/Loans/adavances written back(net)

Miscellaneous income

Note 22: Changes in inventories of finished goods, Work in progress and stock in ta

Excise duty on stock of finished goods(net)

*Opening stock is after adjustment of composite Scheme of Amalgamation and arrangemen

Work in progress

Closing stock

Semi finished/finished goods

Work in progress

8/21/2019 MA Project (1)

75/200

For the year

ended 31March

2014

706.78

33.66

59.14

799.58

For the year

ended 31March

2014

2584

156.13

2740.13

For the year

ended 31March

2014

2035.84

3313.64

30.58

947.34

26.23

19.08

68.59

42.7

1443.68

244.86

20.29

270.21

3.93

287.59

4.46

8759.02

Note 24: Finance Costs

Particulars

Interest Expenses

Othere Borrowing Costs

Note 23: Employee Benefits Expense

Particulars

Salaries and wages

Contribution to provident and other funds

Expenses on employees stock option scehmeStaff welfare expense

Plants & Machinery

Buildings

Others

Insurance

Rates and taxes

Carraige and freight

Note 25: Other Expenses

Particulars

Consumption of stores and spares

Power and fuel

RentRepairs & Maintenanace

Loss on sale of fixed assets(net)

Provision for dimunition in value of investments

Jobwork and processing charges

Commission on sales

Exchange loss(net)

Donations & Contribution

Miscellaneous expenses

Provision for doubtful debts/loans/advances(net)

8/21/2019 MA Project (1)

76/200

For the year

ended 31March2014

1334.51

32.65

1301.86

241722044

241722044

53.857727653.8577276

10

For the year

ended 31March

2014

11100.76

50.06

11150.82

FY-2013-14

223.94

33466.07

21.27

3709.49

0

01052.15

7492.24

2124.99

48090.15

FY-2013-14

Note 26(8)

Exception items respresents effects of signficant movement and voalatility in the value of th

Note 26(16) Earnings per share (EPS)

Earnings per share -basic(A/B)Earnings per share -diluted(A/B)

Nominal value per share

Note 12 : Depreciation and Amortization

Particulars

Depreciation on Tangilbe Assets

Particulars

Profit after tax

Less:Dividend on preference shares(including corporate dividend tax)

Profit after tax for equity shareholders(numerator)- basic/diluted (A)

Weighted average number of equity shares for basic EPS (denominator

)(B)

Weighted average number of equity shares for diluted EPS

(denominator )(C)

Galvanized Coils /Sheets

Cold Rolled Coils/Sheets

Hot Rolled Steel plates

Colour coating coils/sheetsSteel billets & blooms

Long rolled products

Amortization on Intangible Assets

Depreciation and Amortization Expense

Manufactured Goods:Class

Sales Revenue(INR Crore)

MS Slabs

Hot rolled coils/steel plates/sheets

Others

Manufactured Goods:Class

8/21/2019 MA Project (1)

77/200

60973

8797975

3428

850056

0

0278584

1809602

NA

11800618

As at March 31

2014

1226.59

462.83

6811.46

49885.3

121.08

192.62

43.42

825.6459568.94

121.12

37.74

4.45

3.78

167.09

59736.03

Galvanized Coils /Sheets

Cold Rolled Coils/Sheets

Hot Rolled Steel plates

Colour coating coils/sheetsSteel billets & blooms

Long rolled products

Sales Units(Tonnes)

MS Slabs

Hot rolled coils/steel plates/sheets

Tangibles

Freehold Land

Leasehold Land

Buildings

Plant & Machinery

Furniture & Fixture

Others

Particulars

Licence Fees

Mining Consession

Port Concession

Intangible Total(B)

Total(A+B)

Vehicle & Aircraft

Office Equipment

Mining Development and ProjectsTangible Total(A)

Intangilbes

Software

8/21/2019 MA Project (1)

78/200

As at March 2013 As at 31 March 2012

563.18 563.18

19374.19 17934.3119937.37 18497.49

15434.26 11528.09

3450.23 3012.09

194.06 82.72

39.51 32.9

19118.06 14655.8

1109.53 774.13

9274.36 9184.45

4873.98 7182.52

302.05 226.92

15559.92 17368.02

54615.35 50521.31

27604.47 27071.69

34.32 18.89

5033.97 2476.7740.57 27.04

32713.33 29594.39

4495.61 4212.2

3083.99 2651.44

0.08 1.58

40293.01 36459.61

140.45 201.22

4799.1 5179.08

1862.2 1284.62

1401.79 2956.02

6118.8 4440.76

14322.34 14061.7

54615.35 50521.31

8/21/2019 MA Project (1)

79/200

For the year ended

31 March 2013

For the year ended

31 March 2012

38867.59 34720.67

3375.78 2598.01

35491.81 32122.66260.88 179.3

35752.69 32301.96

22590.37 20960.11

10 77.5

-172.46 -297.81

670.97 625.87

1724.48 1186.41

1973.89 1708.17

6084.11 5126.19

32881.36 29386.44

2871.33 2915.52

367.21 820.96

2504.12 2094.56

501.4 402.39

495.6 753.8

-294.1 -687.49

702.9 468.71801.22 1625.86

79.28 71.42

79.28 71.42

For the year ended

31st March 2013

For the year ended

31st March 2012

31166.4 28769.9

7597.01 5888.88

38763.41 34658.78

3375.78 2598.01

8/21/2019 MA Project (1)

80/200

35387.63 32060.77

17.07 13.37

87.11 48.82

104.18 62.19

35491.81 32122.96

For the year ended

31March 2013

For the year ended

31March 2012

222.41 138.46

5.89 8.67

16.79 14.9

15.79 16.45

0.74

0.08

260.88 179.3

For the year ended

31March 2013

For the year ended

31March 2012

1465.78 1378.5

507.16 263.74

1972.94 1642.24

1920.54 1465.78

287.28 507.16

2207.82 1972.94

-234.88 -330.7

62.42 32.89

-172.46 -297.81

rde

8/21/2019 MA Project (1)

81/200

For the year ended

31March 2013

For the year ended

31March 2012

592.98 538.68

38.38 46.12

5.7 10.2833.91 30.79

670.97 625.87

For the year ended

31March 2013

For the year ended

31March 2012

1644.26 1107.19

80.22 79.22

1724.48 1186.41

For the year ended

31March 2013

For the year ended

31March 2012

1592.75 1359.86

1964.09 1683.84

11.91 9.68

728.98 609.01

71.98 46.88

16.06 14.59

49.81 55.14

13.68 13.94

1222.87 919.91

96.36 81.86

22.53 39.82

3.16 2.97

282.71 287.32

4.34

2.3

0.58 1.37

6084.11 5126.19

8/21/2019 MA Project (1)

82/200

For the year ended31March 2013

For the year ended31March 2012

1801.22 1625.86

32.43 32.43

1768.79 1593.43

223117200 223117200

223117200 223117200

79.27627274 71.4167262879.27627274 71.41672628

10 10

For the year ended

31March 2013

For the year ended

31March 2012

14182.45 7968.46

69.5 31.97

14251.95 8000.43

FY-2012-13 FY-2011-12

308.8 725.05

18888.33 15914.19

3984.45 4006.12

3811.76 3113.42

305.12 392.23

1100.29 1049.16671.7 786.98

7407.21 6098.93

2274.32 2492.65

38751.98 34578.73

FY-2012-13 FY-2011-12

Indian rupee against US dollar

8/21/2019 MA Project (1)

83/200

77768 198529

5031453 4173888

779810 795997

844491 715157

74629 92543

176497 171730179671 210395

1709009 1456976

NA NA

8873328 7815215

As at March 31 2013 As at March 31 2012

As at March 31

2014 As at March 31 2013

As at March 31

2012

301.32 252.24 18.48 18.48 18.48

219.82 219.13 10.79 4.59 3.6

5859.88 5606.04 1242 1024.51 843.71

37036.52 34351.37 12737.65 9913.27 7867.41

106.41 100.66 63.51 53.26 46.51

178.83 174.27 71.45 60.57 49.2

23.75 20.85 11.33 6.37 5.08

722.01 649.59 27.24 19.71 10.944448.54 41374.15 14182.45 11100.76 8844.89

72.21 48.37 59.65 44.05 29.9

25.29 16.53 9.85 6.01 2.66

4.03 3.79 0 0 0

3.23 2.69 0 0 0

104.76 71.38 69.5 50.06 32.56

44553.3 41445.53 14251.95 11150.82 8877.45

Note 12:Fixed AssetsGross Block Depreciation & Amortization

8/21/2019 MA Project (1)

84/200

8/21/2019 MA Project (1)

85/200

8/21/2019 MA Project (1)

86/200

8/21/2019 MA Project (1)

87/200

8/21/2019 MA Project (1)

88/200

8/21/2019 MA Project (1)

89/200

As at March 31

2014

As at March 31

2013

As at

March 31

2012

1208.11 282.84 233.76

452.04 215.23 215.53

5569.46 4835.37 4762.33

37147.65 27123.25 26483.96

57.57 53.15 54.15

121.17 118.26 125.07

32.09 17.38 15.77

798.4 702.3 638.6945386.49 33347.78 32529.26

0 0 0

61.47 28.16 18.47

27.89 19.28 13.87

4.45 4.03 3.79

3.78 3.23 2.69

97.59 54.7 38.82

45484.08 33402.48 32568.08

Net Block

8/21/2019 MA Project (1)

90/200

For the year ended

March 31, 2014 (in

INR crores)

26705.82

706.78

33.66

740.44

2035.84

59.14

0

947.34

26.23

19.08

3313.64

30.58

68.59

42.7

1443.68

244.86

287.5911100.76

50.06

19670.09

47116.35

282.91

0.12

47399.38

563.87

46835.51

For the year ended

March 31, 2014 (in

INR crores)

1679.5

Schedule of Cost of Goods Manufactured

Particulars

Direct Material

Raw Materials Consumed

Direct labour

Staff Welfare Expense

Expense on Employee stock option schemeRepair and Maintenance

Plant & Machinery

Building

Others

Salaries and Wages

Contribution to provident and other funds

Total Direct Labour

Manfturing Overhead

Consumption of stores and spares

Miscellaneous expensesDepreciation on tangible assets

Amortization on Intangible assets

Total manufaturing Overhead

Total Manufacturing Cost

Power and Fuel

Rent

Insurance

Rates & Taxes

Carraige and Freight

Job Work and Processing Charges

Particulars

Finished goods inventory,April 1 (Beginning)

Work in progress,April 1

Work in progress,Increase in Acquisition

Sub Total

Less:Work in Progress ,March 31

Cost of Goods Manufactured

Cost of Goods Sold

8/21/2019 MA Project (1)

91/200

1.54

46835.51

494.81

49011.36

1694.96

47316.4

For the year ended

March 31, 2014 (in

INR crores)

48527.18

3997.71

44529.47

2035.84

26705.82

2725.88

3313.64

947.34

26.23

19.081443.68

-244.1

20.29

244.86

37238.56

7290.91

68.59

42.7

30.58

799.58

941.45

768.25

6349.46

Add:Increase on Acquisition

Add:Cost of Goods Manufactured

Add:Purchase of Stock in trade

Revenue from Operations

Less:Excise Duty

Net Sales Revenue

Less: Variable COGS & Operating Expense

Cost of Goods Avaiable for Sale

Less:Finished goods inventory ,March 31(Closing)

Cost of Goods Sold

Contribution Income Statement

Particular

Buildings

OthersCarraige and freight

Changes in inventories of finished goods,work in progress stock in trade

Commission on sales

Jobwork and processing charges

Consumption of stores and spares

Cost of Material Consumed

Depreciation and Amortization

Power and Fuel

Repair and Maintenance

Plants & Machinery

Rates and taxes

Rent

Employee Benefits and expense

Add: Other Operating Revenue

Operating profit

Contribution Margin

Less: Fixed COGS & Operating Expense

Insurance

Add: Non Operating Income

8/21/2019 MA Project (1)

92/200

331.05

7448.76

156.13

3.93

270.21

287.590

4.46

0

494.81

1692.3

2909.43

4539.33

2584

1955.33

620.82

1334.51

Donation and Contribution

Exchange Loss

Miscellaneous ExpenseProvision for doubtful debts/loans/advances(net)

Loss on sale of fixed assets(net)

Provision for dimunition in value of investments

Other Income

Less: Non operating Expense

Other Borrowing Cost

Net Income

Less: Interest Expense

Earning Before taxes

Less: Tax Expense

Purchases of stock-in-trade

Exceptional-Exchange loss(net)

Earning Before Interest and taxes

8/21/2019 MA Project (1)

93/200

For the year ended

March 31, 2013 (in

INR crores)

For the year ended

March 31, 2014 (in

INR crores)

22590.37 20960.11

592.98 538.68

38.38 46.12

631.36 584.8

1592.75 1359.86

33.91 30.79

5.7 10.28

728.98 609.01

71.98 46.88

16.06 14.59

1964.09 1683.84

11.91 9.68

49.81 55.14

13.68 13.94

1222.87 919.91

96.36 81.86

282.71 287.3214182.45 7968.46

69.5 31.97

20342.76 13123.53

43564.49 34668.44

507.16 263.74

0 0

44071.65 34932.18

287.28 507.16

43784.37 34425.02

For the year ended

March 31, 2013 (in

INR crores)

For the year ended

March 31, 2014 (in

INR crores)

1465.78 1378.5

8/21/2019 MA Project (1)

94/200

0 0

43784.37 34425.02

10 77.5

45260.15 35881.02

1920.54 1465.78

43339.61 34415.24

For the year ended

March 31, 2014 (in

INR crores)

For the year ended

March 31, 2014 (in

INR crores)

38763.41 34658.78

3375.78 2598.01

35387.63 32060.77

1592.75 1359.86

22590.37 20960.11

1973.89 1708.17

1964.09 1683.84

728.98 609.01

71.98 46.88

16.06 14.591222.87 919.91

-172.46 -297.81

22.53 39.82

96.36 81.86

30107.42 27126.24

5280.21 4934.53

49.81 55.14

13.68 13.94

11.91 9.68

670.97 625.87

746.37 704.63

104.18 62.19

4533.84 4229.9

8/21/2019 MA Project (1)

95/200

260.88 179.3

4898.9 4471.39

80.22 79.22

3.16 2.97

0 0

282.71 287.324.34 0

2.3 0

0.58 1.37

10 77.5

367.21 820.96

750.52 1269.34

4148.38 3202.05

1644.26 1107.19

2504.12 2094.86

702.9 468.7

1801.22 1626.16

8/21/2019 MA Project (1)

96/200

FY-2013-14 FY-2012-13

223.94 308.8

35591.06 21162.65

21.27 3984.453709.49 3811.76

0 305.12

0 1100.29

1052.15 671.7

7492.24 7407.21

48090.15 38751.98

FY-2013-14 FY-2012-13

60973 77768

8797975 5031453

3428 779810

850056 844491

0 74629

0 176497

278584 179671

1809602 1709009

11800618 8873328

FY-2013-14 FY-2012-13

36727.73 39707.85

40453.70 42060.71

62047.84 51095.14

43638.18 45136.77

0.00 40884.91

0.00 62340.44

37767.78 37385.00

41402.70 43342.14

40752.23 43672.43

31556.45 33930.25

9195.78 9742.18

941.45 746.37

Cost-Volume-Profit Analysis of JSW

Sales Revenue(INR Crore)

MS Slabs

Hot rolled coils/steel plates/sheets

Galvanized Coils /SheetsCold Rolled Coils/Sheets

Hot Rolled Steel plates

Colour coating coils/sheets

MS Slabs

Steel billets & blooms

Long rolled products

Sales Units(Tonnes)

Hot rolled coils/steel plates/sheets

Galvanized Coils /Sheets

Cold Rolled Coils/Sheets

Hot Rolled Steel plates

Colour coating coils/sheets

Steel billets & blooms

Long rolled products

Sales Price Per Unit(INR)

MS Slabs

Hot rolled coils/steel plates/sheets

Galvanized Coils /Sheets

Cold Rolled Coils/Sheets

Hot Rolled Steel plates

Contribution Margin Per Unit Tonnes(INR)

Colour coating coils/sheets

Steel billets & blooms

Long rolled products

Overall Sales Price Per Unit Tonnes(INR)

Variable Cost Per Unit Tonnes(INR)

Fixed Cost (INR Crores)

8/21/2019 MA Project (1)

97/200

1023784.70 766121.79

4172.15 3345.84

1.15 1.16

43918.00 35406.14

Break Even Sales Volume(Tonnes)

Safety Margin

Break Even Sales (INR Crores)

Operating Leverage

8/21/2019 MA Project (1)

98/200

FY-2011-12

725.05

18406.84

4006.123113.42

392.23

1049.16

786.98

6098.93

34578.73

FY-2011-12

198529

4173888

795997

715157

92543

171730

210395

1456976

7815215

FY-2011-12

36521.11

44099.99

50328.33

43534.78

42383.54

61093.58

37404.88

41860.20

44245.40

34709.52

9535.87

704.63

Cost-Volume-Profit Analysis of JS

Sales Mix Ratio (Volume)

MS Slabs

Hot rolled coils/steel plates/sheets

Galvanized Coils /SheetsCold Rolled Coils/Sheets

Hot Rolled Steel plates

Colour coating coils/sheets

MS Slabs

Steel billets & blooms

Long rolled products

Sales Mix Ratio (Quantity)

Hot rolled coils/steel plates/sheets

Galvanized Coils /Sheets

Cold Rolled Coils/Sheets

Hot Rolled Steel plates

Colour coating coils/sheets

Steel billets & blooms

Long rolled products

Break-Even Sales(INR Crores)

MS Slabs

Hot rolled coils/steel plates/sheets

Galvanized Coils /Sheets

Cold Rolled Coils/Sheets

Hot Rolled Steel plates

MS Slabs

Colour coating coils/sheets

Steel billets & blooms

Long rolled products

Total Break-Even Sales(INR Crores)

Break-Even Volume(Tonnes)

Hot rolled coils/steel plates/sheets

Galvanized Coils /Sheets

8/21/2019 MA Project (1)

99/200

738925.51

3269.41

1.17

31309.32

Cold Rolled Coils/Sheets

Hot Rolled Steel plates

Colour coating coils/sheets

Steel billets & blooms

Long rolled products

Total Break-Even Volume(Tonnes)

8/21/2019 MA Project (1)

100/200

FY-2013-14 FY-2012-13 FY-2011-12

0.0047 0.0080 0.0210

0.7401 0.5461 0.5323

0.0004 0.1028 0.11590.0771 0.0984 0.0900

0.0000 0.0079 0.0113

0.0000 0.0284 0.0303

0.0219 0.0173 0.0228

0.1558 0.1911 0.1764

1 1 1

FY-2013-14 FY-2012-13 FY-2011-12

0.0052 0.0088 0.0254

0.7456 0.5670 0.5341

0.0003 0.0879 0.1019

0.0720 0.0952 0.0915

0.0000 0.0084 0.0118

0.0000 0.0199 0.0220

0.0236 0.0202 0.0269

0.1533 0.1926 0.1864

1 1 1

FY-2013-14 FY-2012-13 FY-2011-12

19.43 26.66 68.55

3087.77 1827.18 1740.36

1.85 344.02 378.78

321.82 329.11 294.37

0.00 26.34 37.09

0.00 95.00 99.20

91.28 57.99 74.41

650.00 639.54 576.65

4172.15 3345.84 3269.41

FY-2013-14 FY-2012-13 FY-2011-12

5289.83 6714.48 18770.84

763284.79 434414.89 394639.47

297.40 67328.68 75261.20

-Product Wise

8/21/2019 MA Project (1)

101/200

73748.20 72913.22 67617.81

0.00 6443.46 8749.90

0.00 15238.72 16237.00

24169.08 15512.77 19892.76

156995.41 147555.58 137756.51

1023784.70 766121.79 738925.51

8/21/2019 MA Project (1)

102/200

FY 2013-14FY 2012-13FY 2011-12

Sales Revenues (in INR Crores) 48527.18 38763.41 34658.78

Sales Volume (in metric tonnes) 11800618 8873328 7815215

Sales Price per unit metric tonne (INR) 41122.58 43685.31 44347.83

Direct Labour per unit metric tonne (INR) 627.46 711.53 748.28

Direct Materials per unit metric tonne (INR) 22630.87 25458.73 26819.62

Maunfacturing Overhead per unit metric tonne (INR)

Consumption of stores and spares 1725.20 1794.99 1740.02

Staff Welfare Expense 50.12 38.22 39.40

Expense on Employee stock option scheme 0.00 6.42 13.15

Repair and Maintenance

Plant & Machinery 802.79 821.54 779.26

Building 22.23 81.12 59.99

Others 16.17 18.10 18.67

Power and Fuel 2808.02 2213.48 2154.57

Rent 25.91 13.42 12.39

Insurance 58.12 56.13 70.55

Rates & Taxes 36.18 15.42 17.84

Carraige and Freight 1223.39 1378.14 1177.08

Job Work and Processing Charges 207.50 108.60 104.74

Miscellaneous expenses 243.71 318.61 367.64

Depreciation on tangible assets 9406.93 15983.24 10196.09

Amortization on Intangible assets 42.42 78.32 40.91

Total manufaturing Overhead 16668.69 22925.74 16792.28

COGM Analysis of Bhusan Steel

8/21/2019 MA Project (1)

103/200

Total Manufacturing Costs 39927.02 49096 44360.19

8/21/2019 MA Project (1)

104/200

Particulars Note No.

I. Equity and Liabilities:

1. Shareholder's Funds: 2

a)Share Capital 3

b)Reserves and Surplus

2. Non-current Liabilities:

a)Long Term Borrowings 4

b)Deferred Tax Liabilities(net) 5

c)Other Long Term Liabilities 6

d)Long Term Provisions 10

3. Current Liabilities

a)Short Term Borrowings 7

b)Trade Payables 8

c)Other Current Liabilities 9

d)Short Term Provisions 10

TOTAL

II. Assets:

1. Non-curent Assets:

a)Fixed Assets:

i)Tangible Assets 11

ii)Capital Work-in-Progress

iii)Intangible Asset Under Development

b)Non Current Investments 12

c)Long Term Loans and Advance 13

2. Current Assets:

a)Inventories 14

b)Trade Receivables 15

c)Cash & Bank Balances 16

d)Short Term Loans and Advanc 13

e)Other Current Assets 17

TOTAL

Particulars For The Year Ended 31st March, 2014

8/21/2019 MA Project (1)

105/200

Freehold Land 83,793,501

Leasehold Land 25,303,064

Buildings 843,077,099

Plant and Machinery 5,413,128,577

Office Equipment 2,440,670

Furniture and Fixtures 55,214,972

Vehicles 18,188,058

8/21/2019 MA Project (1)

106/200

8/21/2019 MA Project (1)

107/200

As At 31st March, 2014 As At 31st March, 2013

218,644,367 218,644,367

3,759,987,745 3,327,334,8553,978,632,112 3,545,979,222

1,266,804,045 1,251,572,566

436,152,625 382,751,345

918,695,733 795,015,963

2,383,162 5,793,681

2,624,035,565 2,435,133,555

584,078,106 266,224,370

2,445,820,553 1,513,389,978

550,903,721 516,779,160

161,648,561 82,800,027

3,742,450,941 2,379,193,535

10,345,118,618 8,360,306,312

3,390,489,905 3,371,435,138

81,848,128 129,098,654

18,825,072 14,243,083

3,491,163,105 3,514,776,875

311,559,970 487,299,970

921,039,416 575,900,995

4,723,762,491 4,577,977,840

1,709,305,899 1,282,632,536

3,316,250,064 1,794,717,663

167,961,960 89,578,705

363,923,911 522,067,183

63,914,293 93,332,385

5,621,356,127 3,782,328,47210,345,118,618 8,360,306,312

For The Year Ended 31st March, 2013 For The Year Ended 31st March, 2012

Gross Block

Balance Sheet(in Rs.)

8/21/2019 MA Project (1)

108/200

83,793,501 83,793,501

25,303,064 25,303,064

847,552,382 396,790,124

5,070,521,461 3,826,955,373

1,894,290 1,615,938

36,401,208 30,345,691

18,188,058 18,188,058

8/21/2019 MA Project (1)

109/200

8/21/2019 MA Project (1)

110/200

As At 31st March, 2012

218,644,367

3,165,264,4483,383,908,815

831,073,334

321,524,719

526,447,665

2,037,821

1,681,083,539

1,095,596,405

1,136,913,662

619,865,907

58,183,078

2,910,559,052

7,975,551,406

1,906,354,361

595,822,324

NA

2,502,176,685

687,299,970

687,299,970

3,903,608,296

1,177,048,751

1,984,355,015

90,074,892

638,215,827

82,248,625

4,071,943,1107,975,551,406

For The Year Ended 31st March, 2014 For The Year Ended 31st March, 2013

Note 11: TANGIBLE ASSETS

Depreciation and Amortization

8/21/2019 MA Project (1)

111/200

0 0

24,526,264 23,062,489

149,510,667 121,974,558

2,833,149,196 2,528,005,538

1,452,827 1,401,888

28,477,510 25,940,696

13,539,572 11,833,657

8/21/2019 MA Project (1)

112/200

8/21/2019 MA Project (1)

113/200

For The Year Ended 31st March, 2012 For The Year Ended 31st March, 2014

8/21/2019 MA Project (1)

114/200

0 83,793,501

21,598,714 776,800

107,761,211 693,566,432

2,311,039,185 2,579,979,381

1,425,963 987,843

24,684,573 26,737,462

10,127,742 4,648,486

8/21/2019 MA Project (1)

115/200

8/21/2019 MA Project (1)

116/200

Particulars

INCOME:

Sales, gross

Less:Excise Duty

Sales, netOther Operating Revenue

Sale of Services

Revenue from Operations(net)

Other Income

Total Revenue

EXPENSES:

Cost of Raw Material Consumed

Purchases of Traded Goods

(Increase)/Decrease in inventories of Finished Goods and work-in-progress

Employees benefits expense

Finance Costs

Depreciation and Amortisation Expenses

Other Expenses

Profit Before Exceptional Items and Tax

Exceptional Items

Profit Before Tax

Tax Expenses:

Current Tax

Deferred Tax

Add/(Less): Excess provision for taxation in earlier years

Profit After Tax

Earnings per share: Basic and Diluted (Face Value of Rs.5)

For The Year Ended 31st March, 2013

Net Block

8/21/2019 MA Project (1)

117/200

83,793,501

2,240,575

725,577,824

2,542,515,923

492,402

10,460,512

6,354,401

8/21/2019 MA Project (1)

118/200

8/21/2019 MA Project (1)

119/200

Note No. As At 31st March, 2014 As At 31st March, 2013

13,959,