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NATIONAL HANDLOOM DEVELOPMENTCORPORATION LIMITED

30th Annual Report

2012-13

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2012&13

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MISSION

To serve as a National level agency for the promotion and development of the handloom sector.

CORPORATE OBJECTIVE

1. To enhance its competitive edge in providing quaility raw material i.e. yarn, dyes & chemicals

through improved supply chain management

2. To maintain viability of operations through effective utilization of available resources.

3. To take up the development programms so as to contribute to increasing the awareness of

schemes/products/appropriate technology and marking avenues etc.

4. To continue to act as a channel for routing Central Government funds, loans & grants to handloom

agencies to aid in speedy implementation of Programmes for development of the sector.

5. To ensure increasing contribution from personnel through training/counselling and to ensure career

progression opportunity.

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CHAIRMAN’S SPEECH

Dear Shareholders,

It gives me immense pleasure to welcome you all to the 30th Annual General Meeting of the corporation. The

notice convening the AGM, Balance Sheet and Directors’ Report for the year ended 31st March 2013 are

already with you and with your permission, I take them as read. I consider it as my privilege to address and

share my views on performance of the corporation and future scenario.

PERFORMANCE OVERVIEW:

Your corporation achieved a turnover of Rs.1375.47 crore (Previous year – Rs.1101.07 crore) during 2012-

13. The net profit after tax has increased to Rs.6.97 crore in FY 2012-13 as against Rs.2.82 crore during

the previous year.

Your corporation has recommended a dividend of Rs.1.41 crore for the year 2012-13 as against Rs.0.57

crore during the previous year.

It is a matter of great satisfaction that your corporation is a debt free corporation and the treasury functions

are so well managed that the entire working capital is met out from its internal resources and there is no

burden of interest cost on the corporation, which is the silver lining, considering the thin contribution margins

of the corporation.

FUTURE SCENARIO:

The last decade has seen path breaking initiative to provide support to the handloom sector. During the FY

2006-07, the office of DC (Handlooms) has revised the depot scheme, wherein, the depot charges were

increased from 1% to 2.5% keeping the transportation reimbursement at similar level. Further, in order to

mitigate the cost disadvantage of handloom sector, the office of DC (Handlooms) has allowed 10% price

subsidy on cotton hank and domestic silk yarn to be distributed in the handloom sector under MGPS and

also increased the transportation re-imbursement on yarn other than silk & jute from 1% to 2.5% w.e.f. 06th

Jan., 2012.

The corporation has also undertaken organisational restructuring and redeployed more and more officers

and staff to the field offices to generate more business. This has resulted in increase in turnover from

Rs.417.16 crore during the FY 2006-07 to Rs.1375.47 crore during the FY 2012-13, increasing it more

than three folds just in a span of 6 years.

The corporation is supplying approximately 20% of the total hank yarn production and there is a huge

business opportunity to capture the remaining 80% of the untapped hank yarn supplies. The availability of

this huge business opportunity makes your corporation more confident and ambitious. However, we need

to spruce up our work style and aggressively look for more business opportunities.

CORPORATE GOVERNANCE:

Your corporation believes that good corporate governance practices in the long term leads to creation of

wealth to all the stakeholders. A report on corporate governance practices, being followed by the corporation

and management discussion and analysis report are placed before you as Annexure to the Directors’ Report.

ACKNOWLEDGEMENT:

Any accomplishment requires human contribution and the growth of NHDC has no different story. I, on my

behalf and on behalf of the Board place on record appreciation for hard work of our committed and competent

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employees, whose sincere and continuous efforts have yielded ‘Good’ results. I am grateful to the members

of the Board, shareholders, Ministry of Textiles, other government departments, C&AG auditors, Statutory

and Branch Auditors for their continuous guidance and support. I also express sincere gratitude to various

bankers, user agencies, spinning mills, manufacturers of dyes & chemicals and business associates, who

have reposed confidence in your corporation.

I look forward to your continued support for corporation’s growth in the future.

Sd/-

( Balvinder Kumar )

ChairChairChairChairChairmanmanmanmanman

Dated: 6-9-2013

Place: New Delhi

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CONTENTS

Page No.

fo"k; lwph

MISSION & CORPORATE OBJECTIVES 2-3

CHAIRMAN'S SPEECH 4-7

NOTICE 9-9

BOARD OF DIRECTORS 10-10

DIRECTOR'S REPORT 11-25

ANNEXURE TO THE DIRECTOR'S REPORT 26-49

AUDITOR'S REPORT 50-53

ANNEXURE OF THE AUDITOR'S REPORT 54-59

Comments of the comptroller & 60-61

Auditor General of India under section

619(4) of the Companies Act, 1956

ANNUAL ACCOUNTS

Accounting Policies 62-65

Balance Sheet 66-67

Statement of Profit & Loss 68-71

Notes on Accounts 72-121

Cash flow Statement 122-123

Information of Part IV of Schedule VI

to the Companies Act 1956 124-125

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Notice for Thirtieth Annual General Meeting

Notice is hereby given that the Thirtieth Annual General Meeting of the

Corporation will be held on 27 Sept., 2013 at 11 a.m. at 10th Floor, Vikas

Deep, 22-Station Road, Lucknow-226001, to transact the following

business :-

1. To receive, consider and adopt the Director’s Report, the Audited

Profit & Loss Account and cash flow for the year ended 31st March,

2013 and the Balance sheet as at that date annexed herewith and

the Auditor’s Report thereon.

2. To appoint Directors, in place of those retiring, if any.

3. To declare dividend.

SPECIAL BUSINESS

4. To note appointment of Shri Sarvepalli Srinivas as Managing Director

for a period of 5 years w.e.f. 01st May, 2013 as per communication

no. 40/10/1/2012-DCH-NHDC dated 22nd Jan. 2013, received

from the office of Development Commissioner for Handlooms, Ministry

of Textiles. Government of India.

By the order of the Board of Directors

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LTD.

Sd/

(Jai Gopal Mahajan)

Company Secretary

Place : Lucknow

Date : 6th Sept., 2013

NOTE :1. A member entitled to attend and vote at the meeting is entitled to

appoint a proxy and vote instead of himself & a proxy need not be

a member of the Corporation.

2. Explanatory statement to item no. 4 as required u/s 173 of

Companies Act, 1956 is furnished as under

3. Explanatory Statement U/s 173 of Companies Act :

In terms of Article 94(2) of the Articles of Association, Managing

Director shall be appointed by the Company with prior approval of

the President of India. Corporation has received sanction of the

President of India vide order no. 40/10/1/2012-DCH/NHDC dated

22nd Jan. 2013 through the Office of Development Commissioner

(Handlooms), Ministry of textiles, Government of India regaridng

appointment of Shri Sarvepalli Srinivas as Managing Director w.e.f.

01st May, 2013 for a period of 5 years or unitl further orders.

Members are requested to note the same. The aforesaid order of

the President of India is also placed for perusal of the Members. No

director except Shri Sarvepalli Srinivas, Managing Director is

interested in the resolution

To,

Shareholders / Statutory Auditors

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BOARD OF DIRECTORS (AS ON 27-9-2013)

Shri. Balvinder Kumar Chairman

Development Commissioner (Handlooms)

Ministry of Textiles, Govt. of India

Shri A.K. Sharma

Dy. Secretary, I.F.W., Ministry of Textiles, Govt. of India

Shri Sarvepalli Srinivas Managing Director

COMPANY SECRETARY/

CHIEF MANAGER (F&A)

Shri Jai Gopal Mahajan

STATUTORY AUDITORS

M/s K. Kanjaria & Co.

Chartered Accountants, Lucknow

BRANCH AUDITORS

M/s G.P.H.K. & Associates, Hyderabad

M/s R. Tulsian & Company, Kolkata

M/s G.G.A. & Associates , Coimbatore

M/s J.K. Verma & Co., Panipat

M/s George & Regi, Kannur

PRINCIPAL BANKERS

Indian Bank

United Bank of India

Union Bank of India

Punjab & Sindh Bank

Indian Overseas Bank

HDFC Bank

Axis Bank

REGISTERED OFFICE

10th & 11th Floors, 'Vikas Deep'

22- Station Road,

Lucknow-226 001

11

funs'kd e.My dk izfrosnu

BOARD OF DIRCTORS' REPORT

12

funs'kdkas dk izfrosnufuns'kdkas dk izfrosnufuns'kdkas dk izfrosnufuns'kdkas dk izfrosnufuns'kdkas dk izfrosnulsok esa]

va'k/kkjd x.k]va'k/kkjd x.k]va'k/kkjd x.k]va'k/kkjd x.k]va'k/kkjd x.k]vkids funs'kd e.My dks] fuxe ds dk;Zdykiksa ij 30ok¡ okf"kZd izfrosnu rFkk mlds lkFk 2012&2013 dks lekIr foRrh;

o"kZ dk laijhf{kr ys[kk izLrqr djrs gq, vR;Ur izlUurk gSA

foRrh; ifj.kke %foRrh; ifj.kke %foRrh; ifj.kke %foRrh; ifj.kke %foRrh; ifj.kke % ¼#- yk[k esa½

2012&132012&132012&132012&132012&13 2011&122011&122011&122011&122011&12

fcØh VuZ vksoj 137546.57 110106.93

dj ds mijkUr ykHk 697.39 282.24

fofu;ksx %fofu;ksx %fofu;ksx %fofu;ksx %fofu;ksx %l izLrkfor ykHkka'k 141.00 57.00

l fodkl dk;ksZa gsrq vkjf{kr 15.05 11.75

l lsok fuo`fRr mijkUr fpfdRlk dkjikl esa vUrj.k 4.12 6.41

vkjf{kr 2163.90 1647.49

2- ,e-vks-;w- esa Js.kh %,e-vks-;w- esa Js.kh %,e-vks-;w- esa Js.kh %,e-vks-;w- esa Js.kh %,e-vks-;w- esa Js.kh %lkoZtfud m|e foHkkx ¼MhihbZ½ }kjk o"kZ 2011&12 ds fy, vkids fuxe ds dk;Z fu"iknu dks ^mRre* Js.kh nh x;h gS

rFkkfi o"kZ 2012&13 esa le>kSrk Kkiu ds ekin.M ekudks ds vuqlkj vkids fuxe ds fu"iknu dks ^mRd`"V* ekuk x;k gSA3- ykHkka'k ykHkka'k ykHkka'k ykHkka'k ykHkka'k %%%%%

vkids fuxe us #- 141 yk[k ykHkkaa'k d laLrqfr dh gS ;g dj mijkUr ykHk dk 20-22% rFkk iznRr bfDoVh iwath dk7-42% gSA

4- gFkdj?kk ifjn`"; %gFkdj?kk ifjn`"; %gFkdj?kk ifjn`"; %gFkdj?kk ifjn`"; %gFkdj?kk ifjn`"; %Hkkjrh; vFkZO;oLFkk esa gFkdj?kk {ks= dk vf}rh; LFkku gSA gFkdj?kk dyk ,d ih<+h ls nwljh rd gLrkUrfjr gksrs gq,

vkt Hkh thfor gSA gFkdj?kk cqukbZ] Hkkjr ds lcls cM+s vkfFkZd dk;Zdykiksa esa ls ,d gS tgka cM+h la[;k esa yksxksa dks] [kkl rkSjij xzkeh.k {ks=ksa esa jkstxkj miyC/k gSA gFkdj?kk tux.kuk 2009&10 ds vuqlkj gFkdj?kk {ks= esa 43-4 yk[k cqudjksa dks jkstxkjfeyk gqvk gS ftlesa ls 35 izfr'kr va'kdkfyd cqudj gSaA tux.kuk ls ;g Hkh irk pyrk gS fd cM+h la[;k esa cqudjksa ds ifjokjlekt ds oafpr rcds esa 'kqekj gSA 10 izfr'kr cuqdj vuqlwfpr tkfr] 18 izfr'kr vuqlwfpr tutkfr rFkk 45 izfr'kr vU;fiNM+s oxksZa ds gSaA 87 izfr'kr cqudjksa ds ifjokj xzkeh.k ifjokj gSaA bl {ks= dh 'kfDr mlds vuwBsiu] yphysiu] uohurk dsizfr [kqysiu] xzkgdksa dh t:jrksa dks Lohdkjus rFkk viuh ijEijk esa fufgr gSA

gFkdj?kk fodkl vk;qDr ds dk;kZy; }kjk gFkdj?kk {ks= ds fodkl ds fy, dbZ dk;ZØe o ;kstuk,as ykxw dh x;h gSaorZeku esa ykxw ;kstuk,sa bl izdkj gSaA ¼i½ l?ku gFkdj?kk fodkl ;kstuk ¼ii½ gFkdj?kk cuqdj O;kid dY;k.k ;kstuk

13

DIRECTDIRECTDIRECTDIRECTDIRECTORS’ORS’ORS’ORS’ORS’ REPOR REPOR REPOR REPOR REPORTTTTTTo,

The Shareholders,

Your Directors have pleasure in presenting the Thirtieth Annual Report on the working of the Corporation

together with the audited accounts for the financial year 2012-13.

1. FINANCIAL RESULTS:

(Rs. in lac)

2012-13 2011-12

Sales Turnover 137546.57 110106.93

Profit after tax 697.39 282.24

Appropriations:

• Proposed dividend 141.00 57.00

• Reserve for Developmental Activities 15.05 11.75

• Transfer to Post Retirement Medical Corpus 4.12 6.41

Reserve 2163.90 1647.49

2. PERFORMANCE RATING UNDER MOU:

The performance of your Corporation has been rated as ‘Good’ by the Department of Public Enterprise

(DPE) for the year 2011-12. However, for the year 2012-13 the performance of your corporation qualifies

‘Excellent’ rating based on the Memorandum of Understanding (MOU) measurement criteria.

3. DIVIDEND:

Your Corporation has recommended a dividend of Rs.141 lac, which is 20.22% of post tax profits and

7.42% of paid up equity capital.

4. HANDLOOM SCENARIO:

The handloom sector has a unique place in the Indian economy. It has been sustained by transferring of

skills from one generation to another. Handloom weaving is one of the largest economic activities in India

providing large scale employment to weavers mostly from rural areas. As per handloom census 2009-10,

about 43.4 lakh persons are employed in the handloom sector, out of which nearly 35% are part time

weavers. The census also shows that a large population of weavers’ households belongs to disadvantaged

strata of society, 10% of weavers belong to schedule castes, 18% belong to schedule tribes and 45%

belong to other backward classes. Around 87% weaver households are rural households. The strength of

the sector lies in its uniqueness, flexibility of production, openness to innovations, adaptability to the

customer’s requirement and the wealth of its tradition.

The Office of the Development Commissioner for Handlooms has been implementing various schemes

and programmes for the development of handlooms sector. The schemes currently under implementation

are – (i) Integrated Handloom Development Scheme; (ii) Handloom Weavers Comprehensive Welfare

14

¼iii½ foi.ku o fu;kZr lao/kZu ;kstuk ¼iv½ fey xsV ewY; ;kstuk ¼v½ fofo/khd`r gFkdj?kk fodkl ;kstuk rFkk ¼vi½ gFkdj?kk{ks= ds iquthZou] lq/kkj o iqfuZek.k gsrq iSdstAo"kZ 2012&13 esa 'kq: fd, x, u, dk;ZgFkdj?kk {ks= ds fy, iquthZou]lq/kkj o iqufuZek.k iSdst

vkjvkjvkj iSdst esa] ik= gFkdj?kk lgdkjh lfefr;ksa rFkk i`Fkd&i`Fkd cqudjksa ij 31 ekpZ 2010 rd ds iqjkus _.ko C;kt esa ,d ckj dh ekQh ¼ewy /ku ij 100% rFkk C;kt ij 25%½ lfEefyr gSA bl iSdst esa thou{ke rFkk lEHkkforthou{ke gFkdj?kk lgdkjh lfefr;k¡ dk iquiwZathdj.k] gFkdj?kk lgdkjh lfefr;ksa rFkk cqudjksa dks izR;sd u, _.k ij 3 o"kZds fy, 3% C;kt vuqnku ds }kjk NwV ls doj u;k vuqnkfur _.k] tks fd _.k xkjUVh rFkk gFkdj?kk cuqdj lgdkjh lfefr;ksads fy, foRrh;] fof/kd rFkk laLFkkxr ÝseodZ esa lq/kkj ds lfgr gS] lfEefyr gSA

gFkdj?kk {ks= ds fyf, laLFkkxr <k¡pk

Hkkjr ljdkj us fnlEcj o"kZ 2011 esa gFkdj?kk {ks= ds fy, laLFkkxr _.k* ds u, la?kVd dks vuqeksfnr fd;k gS rkfdcSadksa ls vuqnkfur _.k izkfIr dk ekxZ [kqy ldsA cqudjksa dks cuqdj ØsfMV dkMZ tkjh fd, x, gS rFkk Hkkjr ljdkj izR;sd cqudjdks #- 4200@& ekftZu /kujkf'k lgk;rk] cSadksa }kjk fn, x, _.k ij 3 o"kZ rd 3% vuqnkiu rFkk CGTMSE ds ekè;els bl _.k ij 3 o"kksZa dh _.k xkjUVh ns jgh gSA

mDr ds vykok Hkh foRr ea=h us ctV vfHkkHkk"k.k 2013&14 esa gFkdj?kk {ks= ds fy, 6% dh nj ls _.k dh ?kks"k.kk dhgSA

esxk DyLVj

4 esxk gFkdj?kk DyLVj ftudk dk;kZUo;u@fodkl gks jgk gS ds vfrfjDr vkU/kz izns'k ds izkdkle rFkk xqUVwj ftys esarFkk nwljk >kj[k.M ds xksM~Mk rFkk lehiorhZ ftyksa esa nks vkSj esxk DyLVj Lohd`r fd, x, gSaAu, cqudj lsok dsUnz

vHkh rd ns'k ds fofHké Hkkxksa esa 25 cqudj lsok dsUnz] gFkdj?kk cqudjksa dks rduhdh lgk;rk igqapkus ds fy, py jgsgSa rFkk vc ctV ?kks"k.kk 2012&13 ds vuqlkj] fetksje] ukxkyS.M rFkk >kj[k.M esa ,d ,d cqudj lsok dsUnz LFkkfir fd,tk jgs gSaA

mi;qZDr mik;ksa ls gFkdj?kk lgdkjh lfefr;ksa rFkk i`Fkd i`Fkd cqudjksa ds u dsoy foRrh; thou {kerk o iqufuekZ.k esalq/kkj gksxk cfYd cuqdj lfefr;ksa o cuqdjksa ds fy, dk;Z'khy iwath gsrq _.k dh i;kZIr miyC/krk Hkh lqfuf'pr gksxhA

5- fu"iknu leh{kk %fu"iknu leh{kk %fu"iknu leh{kk %fu"iknu leh{kk %fu"iknu leh{kk %Hkkjr ljdkj }kjk vkids fuxe ds ek/;e ls feyxsV ewY; ;sktuk dk fØ;kUo;u fd;k tk jgk gS rkfd cqudjksa dks lwr]

mfpr ewY;ksa ij fujUrj lqyHk gks lds rFkk cuqdj leqnk; dh vkfFkZd fLFkfr lqn`<+ gks ldsA gFkdj?kk {ks= esa yPNh lwr dklokZfèkd iz;ksx fd;k tkrk gSA lkFk gh cktkj dh ekax o izkFkfedrk dks ns[krs gq, cqudjksa }kjk lwr dh vU; fdLeksa dk Hkh iz;ksxfd;k tkrk gSA

lwr dh fujUrj o lgt miyC/krk lqfuf'pr djkus gsrq gFkdj?kk laLFkkvksa ds ek/;e ls lwr fMiks Hkh LFkkfir fd, x,gSaA e.My }kjk vuqeksfnr ekin.Mksa ds vuqlkj 31-3-2013 rd 676 fMiks ¼31 ekpZ 2012 rd 678½ dks fLFkj vf/klwfprfd;k x;k gSA foxr o"kksZa esa LFkkfir fd, x, mUgha fMiks dks fLFkj ekuk tkrk gS] tgka ij fd foxr 12 eghuksa ds nkSjku U;wurenks lkSns fd, x, gksa rFkk orZeku o"kZ esa LFkkfir fd;s x;s os fMiks ftuls U;wure ,d lkSnk fd;k x;k gSA

15

Scheme; (iii) Marketing & Export Promotion Scheme; (iv) Mill Gate Price Scheme; (v) Diversified Handloom

Development Scheme, and (vi) Revival, Reform and Restructuring (RRR) package for handloom sector.

New initiatives taken during 2012-13

Revival, Reform and Restructuring (RRR) package for handloom sector

The RRR package included one-time waiver of overdue loans and interest (100% principal and 25% of

interest) of eligible handloom cooperative societies and individual weavers as on 31st March, 2010,

recapitalization of viable and potentially viable handloom cooperative societies, provision of fresh subsidized

credit to handloom cooperative societies and weavers covered by waiver by providing interest subsidy of

3% for a period of 3 years for each fresh loan with credit guarantee and reform of the financial, legal and

institutional framework for the handloom weaver cooperative societies.

Institutional Credit for the handloom sector :

The Government of India in December, 2011 approved a new component of “Institutional Credit for handloom

sector” to ensure access to subsidized credit from banks. The weavers are issued Weavers credit card

and Government of India provide margin money assistance @ Rs.4,200/- per weaver, 3% interest subsidy

for 3 years on loans extended by banks, and credit guarantee to such loans for 3 years through CGTMSE.

Further, Finance Minister in his budget speech for 2013-14, has announced loan to handloom sector at 6%

interest rate.

Mega Clusters-

In addition to 4 mega handloom clusters which are under implementation/ development, further two more

mega clusters - One at Prakasam and Guntur districts in Andhra Pradesh and the other at Godda and

neighbouring districts in Jharkhand have been sanctioned.

New Weavers Service Centers

At present, 25 Weavers Service Center are running in different parts of the country for providing technical

support to the Handloom weavers. Now, as per the budget announcement of the year 2012-13, 3 new

WSCs are being set up, one each in Mizoram, Nagaland and Jharkhand.

The above steps would not only improve the financial viability and re-structuring of handloom cooperative

societies & individual weavers but also ensure adequate flow of credit for working capital to weaver’s

societies as well as weavers.

5. PERFORMANCE REVIEW:

The Government of India has been implementing the ‘Mill Gate Price Scheme’ (MGPS) through your

corporation, facilitating the uninterrupted and easy availability of yarn at reasonable prices so as to maintain

the economic viability of the weaving community. Cotton hank yarn is the major consumed variety in the

handloom sector. Other varieties of yarn have also been used based on the demand and preferences

received through market feed back by the handloom weavers.

Depots are also set up through handloom agencies for ensuring easy and uninterrupted supplies. Uptill

31st March, 2013, the number of depots notified as stabilized as per Board approved criteria are 676 nos.

(678 nos. as on 31st March, 2012). Depots are considered as stabilized, where there are atleast two

transactions during the last 12 months in case the depot was allotted in earlier years and atleast one

transaction where the depot was allotted during the current year.

16

gFkdj?kk {ks= esa ewY;ksa dh izfrdwyrkvksa dks de djus ds fy, Hkkjr ljdkj us 06-01-2012 ls fey xsV ewY; ;kstukds varxZr gFkdj?kk {ks= esa yPNh lwr ds forj.k ij 10% dh NwV vuqeU; dh gSA ykHkkfFkZ;ksa ds chtdksa ij NwV ds fooj.k dksn'kkZ;k tk,xkA fuxe] ;kstuk ds varxZr] gFkdj?kk cqudjkas dks lwr vkiwfrZ gsrq ik= lfefr;ksa esa ls ,d lfefr gSA

o"kZ 2012&13 esa #- 135328-69 yk[k ewY; ds 1088-69 yk[k fdyks lwr dh vkiwfrZ dh x;h ftlesa ls #-131856-32yk[k ewY; ds 1070-78 yk[k fdyks lwr dh vkiwfrZ] fey xsV ewY; ;kstuk ds vUrxZr dh x;h tcfd bldh rqyuk esa foxr foRrh;o"kZ 2011&12 esa #- 108111-75 yk[k ewY; ds 965-16 yk[k fdyks lwr dh vkiwfrZ dh x;h FkhA ftlesa #- 104132-46 yk[kewY; ds 942-69 yk[k fdyks lwr dh vkiwfrZ fey xsV ewY; ;kstuk ds vUrxZr FkhA o"kZ 2011&12 esa feyxsV ewY; ;kstuk ds10 izfr'kr ewY; vuqnku la?kVd ds vUrxZr #- 28668-02 yk[k ewY; ds 130-95 yk[k fdyksxzke lwr dh vkiwfrZ dh x;hA¼bls mi;qZDr lwr vkiwfrZ;ksa esa 'kkfey fd;k x;k gSA½ tcfd o"kZ 2011&12 esa #- 471-33 yk[k ewY; ds 3-42 yk[k fdyksxzkelwr dh vkiwfrZ dh x;h FkhA o"kZ 2011&12 esa 10% ewY; vuqnku ;kstuk la?kVd 06 tuojh 2012 ls ykxw fd;k x;k FkkA

fuxe }kjk gFkdj?kk cuqdjksa ds ykHkkFkZ vPNh xq.koRk ds jaxksa dh vkiwfr Hkh dh tk jgh gS foRrh; o"kZ 2012&13 ds nksjku2090-33 yk[k ewY; ds 27-62 yk[k fdyks jaxksa dh vkiwfrZ dh x;h tcfd foxr foRrh; o"kZ 2011&12 esa #- 1833-13 yk[kewY; ds 29-29 yk[k fdyks jax dh vkiwfrZ dh x;h FkhA

gFkdj?kk cqudjksa dks izfr;ksxh@lLrh njksa ij lwr miyC/k djkus gsrq fuxe }kjk cM+h ek=k esa lwr Ø; djkus gsrqvkiwfrZdrkZvkas ls lwr dh lLrh njksa gsrq dsUnzh; Lrj ij ckrphr dh tkrh gSA rn~uqlkj lsr dh njsa fuxe dh osclkbV ij izR;sdegk viyksM dh tkrh gSa rkfd cuqdjksa dks ;g njsa Kkr gks ldasA blls csgrj ikjnf'kZrk Hkh cuh jgrh gSA6- fodklkRed xfrfof/k;ka rFkk foi.ku lg;ksx %fodklkRed xfrfof/k;ka rFkk foi.ku lg;ksx %fodklkRed xfrfof/k;ka rFkk foi.ku lg;ksx %fodklkRed xfrfof/k;ka rFkk foi.ku lg;ksx %fodklkRed xfrfof/k;ka rFkk foi.ku lg;ksx %¼i½ fuxe }kjk gFkdj?kk cqudjksa ds ykHkkFkZ] vuqla/kku rFkk fodklkRed dk;ksZa ds vUrxZr fofHké izdkj ds lwr dk iz;skx djds

u, mRiknksa dks rS;kj djuk izkjEHk fd;k x;k gSA o"kZ ds nkSjku bl izdkj ds 08 mRikn ¼foxr o"kZ 12 mRikn½ fuxe }kjkfodflr fd, x, ftl ij #- 3-56 yk[k ¼foxr o"kZ #- 4-69 yk[k½ [kpZ fd, x, tks iwoZorhZ o"kZ ds dj mijkUr yk Hk¼ih-,-Vh-½ dk 1-26% ¼foxr o"kZ 1-09%½ gSA

¼ii½ /kkj.kh; fodklkRed xfrfof/k;ksa ds varxZr fuxe cqudjksa dks f'kf{kr djus ,oa muds vk/kqfudre jaxlkth Kku dks c<+kusgsrq xq.koRrk jaxlkth izf'k{k.k dk;ZØeksa dk vk;kstu dj jgk gSA o"kZ ds nkSjku fuxe }kjk bl rjg ds 16 ¼foxr o"kZ20 dk;ZØeksa½ dk vk;kstu fd;k x;kA ftlesa #- 3-19 yk[k O;; gq, ¼foxr o"kZ #- 3-91 yk[k½ tks fd iwoZorhZ o"kZds dj i'pkr ykHk ¼ih-,-Vh-½ dk 1-13% ¼foxr o"kZ 0-91%½ gSA

¼iii½ csgrj xq.koRrk ds lwr dh miyC/krk c<+kus rFkk oSdfYid vkiwjd feyksa dh p;u lqfo/kk iznku djus ds mís'; ls fuxe}kjk o"kZ ds nkSjku mRrj iwohZ {ks=ksa 02 ¼foxr o"kZ 03½ Øsrk foØsrk feyu dk vk;sktu fd;k x;k rFkk o"kZ ds nkSjku mRrjiwoZ {ks=ksa ds vykok vU; LFkkuksa ij 08 ¼foxr o"kZ 07½ Øsrk foØsrk feyu dk vk;kstu fd;k x;kA

¼iv½ gFkdj?kk cqudjksa ds ykHkkFkZ] fodkl vk;qDr gFkdj?kk ds dk;kZy;] oL= ea=ky; }kjk pyk;h tk jgh ;kstukvksa ds izpkjo izlkj gsrq fuxe }kjk 09 ¼foxr o"kZ 09½ ,d fnolh; lqxzkfgdrk dk;ZØeksa dk vk;kstu tEew rFkk d'ehj] fgekpyizns'k] mRrjkapy rFkk mRrjh&iwohZ jkT;ksa esa fd;k x;kA mDr ds vfrfjDr ljdkjh ;kstukvksa ds izlkj gsrq >kj[k.M rFkkjktLFkku esa Hkh ,d fnolh; 02 lqxzkfgdrk dk;ZØe vk;ksftr fd, x,A

¼v½ fuxe }kjk fof'k"V gFkdj?kk izn'kZfu;ksa ds ek/;e ls gFkdj?kk cqudjksa dks foi.ku esa lg;skx fd;k x;k tgka os lh/ksmiHkksDrkvksa dsk csgrj ewY;ksa ij vius mRiknksa dh fcØh dj ldrs gSaA o"kZ ds nkSjku 17 flYd QSc ¼foxr o"kZ 18½

17

To mitigate the cost disadvantage of Handloom sector, the Government of India has allowed 10% price

subsidy on hank yarn to be distributed in the handloom sector under MGPS w.e.f. 06th Jan., 2012. The

subsidy is being provided upfront in the invoice to the beneficiaries. Corporation is one of the eligible

agencies for supplying the yarn to the handloom weavers under the scheme.

The yarn supplies during the year 2012-13 were 1088.69 lac kg. valuing Rs. 135328.69 lac which include

1070.78 lac kg. valuing Rs. 131856.32 lac under Mill Gate Price Scheme as compared to supplies of

965.16 lac kg. valuing Rs.108111.75 lac which include 942.69 lac kg. valuing Rs.104132.46 lac under the

Mill Gate Price Scheme during the last financial year 2011-12. The yarn supplies under the 10% Price

Subsidy Component of Mill Gate Price Scheme (included in the yarn supplies mentioned above) during the

year 2012-13 were 130.95 lac kg. valuing Rs. 28668.02 lac as compared to 3.42 lac kg. valuing Rs. 471.33

lac during the last financial year 2011-12. During the year 2011-12 the 10% Price Subsidy Component of the

Scheme was in operation for a part of the year only i.e. w.e.f. 06th Jan, 2012.

Corporation is arranging quality dyes for the benefit of handloom weavers and the supplies during the

financial year 2012-13 were 27.62 lac kg. valuing Rs. 2090.33 lac as compared to supplies of 29.29 lac kg.

valuing Rs.1833.13 lac during the last financial year 2011-12.

Corporation is negotiating the yarn rates with the suppliers centrally for purchase of bulk quantities to obtain

bulk quantity discounts with a view to provide the yarn to Handloom weavers at competitive/ lowest rates.

Rates are placed on corporation’s website as well on monthly basis for access by the weaver agencies,

resulting in better transparency.

6. DEVELOPMENTAL ACTIVITIES AND MARKETING SUPPORT:

i.) Under the research and developmental activities, the corporation has undertaken Development

of new products by using different kinds of yarn for the benefit of handloom weavers. During the

year 08 nos. (Previous year - 12 nos.) of such products have been developed by the corporation,

incurring an expenditure of Rs.3.56 lac (Previous year – Rs. 4.69 lac), which comes to 1.26%

(Previous year – 1.09%) of Profit After Tax (PAT) of the preceding year.

ii.) Under the Sustainable Development Activities, the corporation has undertaken the organization

of Quality Dyer’s Training Programme to educate the weavers and upgrade their knowledge

with latest dyeing techniques to increase the market sustainability. During the year 16 nos.

(Previous year – 20 nos.) such programmes were organized by the corporation, incurring an

expenditure of Rs. 3.19 lac (Previous year Rs. 3.91 lac) which comes to 1.13% (Previous year

– 0.91%) of Profit After Tax (PAT) of the preceding year.

iii.) In order to increase the availability of better quality yarn and also the options in the form of

alternative supplier mills, the corporation has organized 02 nos. (Previous year – 03 nos.) Buyers’

Seller Meets in North Eastern Region and 08 nos. (Previous year - 07 nos.) Buyers’ Seller Meets

in other than North Eastern Region during the year.

iv.) In order to disseminate/ propagate the various schemes run by the office of DC (Handlooms),

Ministry of Textiles for the benefit of handloom weavers, corporation has organized 9 nos. (Previous

year - 09 nos.) One Day Sensitization Programmes on dissemination of Government Scheme

in the states of Jammu & Kashmir, Himachal Pradesh, Uttaranchal and North Eastern region.

Besides 02 nos. One Day Sensitization Programmes on dissemination of Government Scheme

has been organized in the states Jharkhand and Rajasthan also.

v.) Corporation has provided marketing support to the handloom weavers through organization of

exclusive exhibitions, wherein, they can sell their products directly to the consumers at better

18

izn'kZfu;k¡] psUubZ] eqEcbZ] lwjr] vgenkckn] tcyiqj] te'ksniqj] dksydkrk] fldUnjkckn] p.Mhx<+] y[kuÅ] t;iqj]Hkksiky] dks;EcVwj] bUnkSj] ukxiqj] iVuk] rFkk fot;okM+k esa yxk;h x;ha rFkk o"kZ ds nkSjku 02 owy QSc ¼foxr o"kZ 03½izn'kZfu;k¡] y[kuÅ o Hkksiky esa yxk;h x;haAizn'kZfu;ksa esa gq;h fcØh Hkh mRlkgtud jgh rFkk izfro"kZ buesa Hkkxhnkjksa dh la[;k esa o`f) gks jgh gSA o"kZ ds nkSjku dqy84-25 djksM+ ¼foxr o"kZ 85-99 djksM+½ dh fcØh gq;hA

¼vi½ o"kZ 2012&13 ds nkSjku lwr vkiwfrZ dh ek=k c<+h gS foxr o"kZ ls iwoZ tEew o d'ehj esa 17-29% ¼foxr o"kZ 65%½mRrjkapy rFkk fgekUpy izns'k esa 42-75% ¼foxr o"kZ 347%½ rFkk mRrjhiwohZ jkT;ksa esa 20-18% ¼foxr o"kZ ¼&½ 30%½FkhA

7- dEI;wVjhdj.k dEI;wVjhdj.k dEI;wVjhdj.k dEI;wVjhdj.k dEI;wVjhdj.k %%%%%fuxe }kjk 01 vizSy 2009 ls vius lHkh {ks=h; dk;kZy;ksa esa lwr vkiwfrZ ls lEcfU/kr dk;ksZa dks VSyh bZvkjih&09 ij

lapkfyr fd;k tk jgk gSA rn~uqlkj lHkh izdkj ds MkVk iafpax] VSyh bZvkjih&09 ij fd, tk jgs gS rFkk tgka dgha Hkh vc rdgLrfyf[kr dk;Z gks jgk Fkk mls vc cUn dj fn;k x;k gSA Hkkjr ljdkj }kjk 06 tuojh 2012 dks ?kksf"kr fey xsV ewY; ;sktukds vUrxZr] yPNh lwr ij 10% ewY; vuqnku ;kstuk dsk Hkh o"kZ 2012&13 esa VSyh bZvkjih&09 ij fd;k tk jgk gSA lHkh fjikVksZadks vfUre :i nsdj fLFkj dj fn;k x;k gSA

vc LVkd j[k&j[kko dks Hkh VSyh bZvkjih&09 esa lfEefyr dj fy;k x;k gS tks fd iwoZ esa VSyh esa 'kkfey ugha FkkAVSyh bZvkjih9 dks dk;kZfUor djus ls lwr dk;Zdykiksa ls lEcfU/kr vk¡dM+s igyh ckj ,d IysVQkeZ ij vk x, gSa rFkk

eq[;ky; esa Hkh bUgsa fdlh Hkh le; ns[kk tk ldrk gS blls le;kuqlkj lgh&lgh fooj.k lqYkHk gq, gS rFkk gLrfyf[kr dk;ksZao vfHkys[kksa dks nksgjko cUn gqvk gSSA8- uSxfed vfHk'kklu %uSxfed vfHk'kklu %uSxfed vfHk'kklu %uSxfed vfHk'kklu %uSxfed vfHk'kklu %

vkidk fuxe vius izR;sd dk;Zdyki] ftlesa mlds va'k/kkjdksa dh lEifÙk dk l`tu gksrk gS] eas] ikjnf'kZrk] tokcnsgh]rFkk lekurk ij iwjk fo'okl j[krk gS rFkk mls lokZf/kd egRo nsrk gSA fuxe }kjk vuqikyu dh tk jgh uSxfed vfHk'kkluiz.kkyh rFkk izcU/ku fopkj foe'kZ o fo'ys{k.k dh fjiksVZ funs'kdksa ds izfrosnu ds lkFk layXu dh x;h gSaA

o"kZ 2011&12 ds lkoZtfud m|e losZ{k.k ds vk¡dM+s lkoZtfud m|e foHkkx dks 06 flrEcj 2012 dks izLrqr fd, x,rFkk o"kZ 2011&12 dk fuxe dk laijhf{kr ys[kk fuxe dh osclkbV ij 06 tqykbZ] 2012 dks yxk fn;k x;k Fkk rFkk o"kZ2012&13 ds nkSjku uSxfed vfHk'kklu ij lHkh frekfg;ksa dh fjikVZ] ftls frekgh lekfIr ds 15osa fnu izLrqr djuk gksrk gSdks frekgh lekfIr ds 05osa fnu ;k blls igys lkoZtfud m|e foHkkx dks izLrqr dj nh x;h gSA

o"kZ 2012&13 gsrq lkoZtfud m|e foHkkx dks uSxfed vfHk'kklu ij izsf"kr dh x;h okf"kZd ewY;kadu fjiksVZ esa okf"kZdizkIrkad ¼frekgh fjiksVZ ds vkSlr ij vk/kkfjr½ 89% vFkkZr ^mRd`"V* gSA9- uSxfed lkekftd mRrjnkf;Ro %uSxfed lkekftd mRrjnkf;Ro %uSxfed lkekftd mRrjnkf;Ro %uSxfed lkekftd mRrjnkf;Ro %uSxfed lkekftd mRrjnkf;Ro %

fuxe }kjk lkoZtfud m|e foHkkx ds funsZ'kksa ds vuqlkj o"kZ 2012&13 ds nkSjku uSxfed lkekftd mRrjnkf;Ro dk;ksZadks tkjh j[kk x;k gS ftlds vUrxZr fetksje] fgekapy izns'k rFkk mRrjkapy ds xjhch js[kk ls uhps ds cqudjksa dks 25 dj?kksa dkforj.k fd;k x;kA cqudj viuk dke fujUrj :i ls tkjh j[k ldsa blds fy, mUgsa izkFkfed dPpk eky Hkh fu%'kqYd miyCèkdjk;k x;k gSA fuxe us vklke] ef.kiqj] fg0iz0] mRrjkapy rFkk vkU/kzizns'k ds xjhch js[kk ds uhps ds cqudjksa dks xzkeiapk;r@jkT; funs'kky; ¼gFkdj?kk½@jkT; fuxe ds ek/;e ls lgk;d midj.kksa ds 310 lsV Hkh forfjr fd, gSaA

19

price. In this regard, 17 nos. ‘SILKFAB’ exhibitions (Previous year - 18 nos.) were organized at

Chennai, Mumbai, Surat, Ahmedabad, Jabalpur, Jamshedpur, Kolkata, Sikandrabad, Chandigarh,

Lucknow, Jaipur, Bhopal, Coimbatore, Indore, Nagpur, Patna and Vijayawada, while 2 nos.

‘WOOLFAB’ exhibitions (Previous year - 3 nos.) were organized at Lucknow and Bhopal during

the year.

Sale during the exhibitions was quite encouraging and number of participants has been increasing

on year to year basis. The total sale in the Exhibitions during the year was Rs. 84.25 crore

(Previous year - Rs. 85.99 crore).

vi.) The increase in yarn supplies in quantitative terms during 2012-13 over the previous year in the

state of Jammu & Kashmir was 17.29% (Previous year - 65%), in the states of Uttaranchal and

Himachal Pradesh was 42.75% (Previous year - 347%) and in north eastern region was 20.18%

[Previous year - (-)30%].

7. COMPUTERISATION:

Corporation has implemented the Tally ERP9 with effect from 01st April, 2009 for yarn activity at all its

Regional Offices. Accordingly, all the data punching is being done in Tally ERP9 now and the manual

system, wherever, used earlier has been discontinued. The 10% price subsidy on hank yarn under MGPS

announced by the Govt. of India on 6th Jan., 2012, has also been incorporated in Tally ERP9 during the year

2012-13. All the reports have been finalized and stabilized.

Further, the stock handling is also being incorporated in Tally ERP9, which was kept out of Tally earlier.

By implementation of Tally ERP9, for the first time the data of the entire corporation for the yarn activity has

been placed on the same platform and it can be accessed any time at the Head Office as well. It has

resulted in timely and accurate information, elimination of manual records and avoiding duplicity of work.

8. CORPORATE GOVERNANCE:

Your corporation firmly believes and accords highest importance to transparency, accountability and equity

in all facets of its operations, which leads to creation of wealth for its stakeholders. A report on ‘Corporate

Governance Practices’ being followed by the corporation and ‘Management Discussion and Analysis Report’

are annexed to the Directors’ Report.

The Public Enterprises Survey data for the year 2011-12 was submitted to the department of Public

Enterprises on 06th Sept., 2012 and the audited accounts of the corporation for the year 2011-12 were

placed on the website of the corporation on 06th July, 2012. Further, the quarterly progress reports on

Corporate Governance for all the quarters during the year 2012-13 have been submitted to Department of

Public Enterprises on or before 05th day after the close of the quarter against the due date of 15th day after

the close of the quarter.

The annual score (Based on the average of quarterly reports) in the annual evaluation report on

Corporate Governance submitted to the Department of Public Enterprises for the year 2012-13 comes to

89% i.e. ‘Excellent’.

9. CORPORATE SOCIAL RESPONSIBILITY (CSR):

As per DPE guidelines on CSR, the corporation continued the CSR activity during the year 2012-13 and

distributed 25 handlooms alongwith accessories to the Below Poverty Line (BPL) weavers in the states of

Mizoram, Himachal Pradesh and Uttaranchal. The weavers were also provided the start-up raw material

(yarn) free of cost, so as to enable them to carry on the activity on sustainable basis. The corporation has

also distributed 310 sets of ‘add on’ equipments/ accessories to the Below Poverty Line (BPL) weavers in

the states of Assam, Manipur, Himachal Pradesh, Uttaranchal and Andhra Pradesh through Gram Panchayats/

20

o"kZ ds nkSjku bu mís';ksa ds fy, vkids fuxe us #- 9-95 yk[k ¼foxr o"kZ 13-76 yk[k½ O;; fd, gSa tks iwoZorhZ o"kZds dj mijkUr ykHk dk 3-53% ¼foxr o"kZ 3-19%½ gSA

10- dfeZd fodkl vkSj vkS|ksfxd lEcU/k %10- dfeZd fodkl vkSj vkS|ksfxd lEcU/k %10- dfeZd fodkl vkSj vkS|ksfxd lEcU/k %10- dfeZd fodkl vkSj vkS|ksfxd lEcU/k %10- dfeZd fodkl vkSj vkS|ksfxd lEcU/k %fuxe }kjk ekuo lalk/ku fodkl dks vR;kf/kd egRo iznku fd;k tkrk jgk gS ,oa blh Üka[kyk esa fuxe esa dk;Zjr dfeZ;ksa

dh dk;Zn{krk esa mUu;u gsrq fuxe }kjk fujUrj lg;ksx iznku fd;k tk jgk gS] bl gsrq dkfeZdksa ds fy, ^bu gkml* izf'k{k.kdk;ZØeksa dk vk;kstu fd;k tkrk gS rFkk mUgsa [;kfr izkIr laLFkkvksa }kjk vk;ksftr fd;s x;s fof'k"V dk;ZØeksa@xksf"B;ksa@dk;Z'kkykvksaesa ukfer fd;k tkrk gSA o"kZ 2012&13 ds nkSjku fofHké izdkj ds izf'k{k.kksa@xksf"B;ksa esa 44 dehZ okf.kT; foHkkx ls] 24 dehZ foRr,oa ys[kk foHkkx ls rFkk 11 dehZ dkfeZd ,oa iz'kklu foHkkx ls ukfer fd, x,A

fuxe }kjk LoSfPNd lsokfuo`fRr ;kstuk ¼oh vkj ,l½ dks ykxw fd;k x;k gSA rFkkfi o"kZ 2012&13 ds nkSjku fdlh deZpkjh}kjk LoSfPNd lsok fuo`fRr ;kstuk ¼oh vkj ,l½ ds fodYi dk ykHk ugha mBk;k x;k gSA fuxe esa fnukad 31 ekpZ 2013 dksdqy deZpkfj;ksa dh la[;k 199 ¼foxr o"kZ 203½ Fkh ftlesa fd 20 vuqlwfpr tkfr ¼,l lh½] 06 vuqlwfpr tutkfr ¼,l Vh½24 vU; fiNM+k oxZ Jsf.k;k¡ ¼vks ch lh½] 03 fodykax ¼ih ,p½ ls gSA

izfrdehZ VuZ vksoj #- 6-91 djksM+ ¼foxr o"kZ 5-42 djksM+½ rFkk ewY; gzkl] C;kt rFkk dj ds iwoZ izfrdehZ ykHk#-5-27 yk[k ¼foxr o"kZ #- 2-11 yk[k½ gSA

2012&13 o"kZ ds nkSjku 04 cSBdsa dh x;h rkfd izcU/ku o deZpkfj;ksa ds e/; lkSgknZiw.kZ lEcU/k csgrj cusA 22 Qjojh]2013 dks fuxe dk 30oka LFkkiuk fnol euk;k x;kA

leh{kk o"kZ ds nkSjku vkS|ksfxd lEcU/k 'kkUr lkSgknZiw.kZ jgsA

11- fgUnh dk izxkeh iz;ksx %11- fgUnh dk izxkeh iz;ksx %11- fgUnh dk izxkeh iz;ksx %11- fgUnh dk izxkeh iz;ksx %11- fgUnh dk izxkeh iz;ksx %fuxe vius fnu izfrfnu ds dk;ksaZ esa fgUnh ds izxkeh iz;ksx ds fy;s izfrc) gSA fuxe }kjk izfro"kZ ÞjktHkk"kk lqjfHkÞ dk

izdk'ku v/kZokf"kZd vk/kkj ij ekg flrEcj vkSj ekpZ esa fd;k tkrk jgk gSAo"kZ ds nkSjku ^uxj jktHkk"kk dk;kZUo;u lfefr y[kuÅ* }kjk fgUnh ds izxkeh iz;ksx gsrq fuxe dks uxj esa fLFkr 168

dk;kZy;ksa ds e/; yxkrkj 15oha ckj ^fof'k"V dk;kZy;* dk iqjLdkj iznku fd;k x;k gSA

12- lkafof/kd lwpuk %12- lkafof/kd lwpuk %12- lkafof/kd lwpuk %12- lkafof/kd lwpuk %12- lkafof/kd lwpuk %

dEiuh fu;ekoyh 1975 ds lkFk ifBr daiuh vf/kfu;e 1956 dh /kkjk 217 ¼2 ,½ ds lkFk la'kksf/kr fu;e ds varxZr;FkkokafNr deZpkfj;ksa dk fooj.k 'kwU; gSA

daiuh vf/kfu;e dh /kkjk 217 ¼i½ ¼bZ½ ds vUrxZr ÅtkZ laj{k.k ls lEcfU/kr fooj.k dh ?kks"k.kk fu/kkZfjr izi= ,^ esa rFkkizkS|ksfxdh dk lekos'ku izi= ^ch* dk fooj.k leh{kk vof/k esa daiuh ij ykxw ugh gSA

13- ys[kk ijh{kd rFkk mudk izfrosnu %13- ys[kk ijh{kd rFkk mudk izfrosnu %13- ys[kk ijh{kd rFkk mudk izfrosnu %13- ys[kk ijh{kd rFkk mudk izfrosnu %13- ys[kk ijh{kd rFkk mudk izfrosnu %daiuh vf/kfu;e 1956 dh /kkjk 619 ¼4½ ds varxZr fu;a=d egkys[kk ijh{kd dh fVIi.kh ds lkFk

lkafof/kd ys[kk ijh{kdksa dh fVIi.kh ij funs'kd e.My dk mRrj funs'kd e.My ds izfrosnu ds lkFk layXu gSA

21

State Directors (Handlooms)/ State Government. Corporation has spent an amount of Rs.9.95 lac (Previous

year – Rs.13.76 lac) for this purpose during the year, which comes to 3.53% (Previous year 3.19%) of Profit

After Tax (PAT) of the preceding year.

10. PERSONNEL DEVELOPMENT & INDUSTRIAL RELATIONS:

Corporation has been laying a lot of emphasis on development of Human Resource and in this context, it

has been extending support for up-gradation of the skill through organization of In-house Training Programmes

as well as deputing its personnel to specific programmes/ seminars/ workshops organized by the outside

agencies of repute, wherein, 44 employees from Commercial Department, 24 employees from Finance &

Accounts Department and 11 employees from Personnel & Administration Department have been nominated

for different type of trainings/ seminars during the year 2012-13.

Corporation had introduced Voluntary Retirement Scheme (VRS), which was in operation during the year

2012-13 but none of the employee opted VRS during the year. Total number of employee of the Corporation

as on 31st March, 2013 now stands at 199 (Previous year - 203) which include 20 employees belonging to

Scheduled Castes (SC) category, 06 employees belonging to Scheduled Tribes (ST) category, 24 employees

belonging to Other Backward Classes (OBC) category, 03 employees of Physically Handicapped (PH)

category.

The turnover per employee is Rs. 6.91 crore (Previous year – Rs. 5.42 crore) and the Profit before depreciation

interest and tax (PBDIT) per employee is Rs. 5.27 lac (Previous year Rs. 2.11 lac).

04 meetings were organized during the year 2012-13 so as to improve cordial relations between management

and staff. 30th Foundation Day of the corporation was celebrated on 22nd Feb., 2013.

The Industrial relations have been cordial and remained peaceful during the year under review.

11. PROGRESSIVE USE OF HINDI:

Corporation is committed to the progressive use of Hindi in its day to day working. Corporation has been

publishing “RAJBHASHA SURABHI” magazine on half yearly basis i.e. in the month of September and March.

Further Corporation has been awarded trophy for outstanding performance for the year continuously for the

15th time among 168 offices for progressive use of Hindi by the ‘Nagar Rajbhasha Karyanvayan Samiti’,

Lucknow.

12. STATUTORY INFORMATION:

The particulars of employees as required under section 217(2A) of the Companies Act, 1956 read with the

Companies (particulars of employees) Rules 1975 with amended rules is NIL.

Disclosures of particulars with respect to Conservation of Energy in Form - A and absorption of Technology

in Form - B prescribed under section 217(i)(e) are not applicable to the corporation for the period under

review.

13. AUDITORS’ & THEIR REPORT:

The report of Statutory Auditors’ alongwith comments of C&AG U/s 619(4) of Companies Act, 1956 is

placed in the Annual report.

22

14- funs'kky; %14- funs'kky; %14- funs'kky; %14- funs'kky; %14- funs'kky; %gFkdj?kk fodkl vk;qDr ds dk;kZy;] oL= ea=ky; Hkkjr ljdkj ls izkIr lwpuk ds vk/kkj ij fuxe ds funs'kd e.My

esa] foxr okf"kZd egklHkk ds i'pkr fuEufyf[kr ifjorZu fd;s x;sA1 Jherh eksfudk ,l xxZ v/;{k 03-01-2013 rd2 Jh cyfoUnj dqekj v/;{k 03-01-2013 ls3 Jherh lkUFkk FkEih funs'kd 12-12-2012 rd4 Jh ,-ds- 'kekZ funs'kd 12-12-2012 ls5 Jh ts-ds- ckostk izcU/k funs'kd 30-04-2013 rd6 Jh loZsiYyh Jhfuokl izcU/k funs'kd 01-05-2013 lsvkids funs'kdx.k] Jherh eksfudk ,l xxZ] Jherh lkUFkk FkEih rFkk Jh ts-ds-ckostk }kjk jk gk fo fu funs'kd e.My

ds Øe'k% v/;{k] funs'kd rFkk izcU/k funs'kd ds :i esa vius lsokdky ds nkSjku fn, x, ekxZn'kZu o cgqewY; lsokvksa ds izfrvkHkkj O;Dr djrs gSaA15- ys[kk ijh{kk lfefr %15- ys[kk ijh{kk lfefr %15- ys[kk ijh{kk lfefr %15- ys[kk ijh{kk lfefr %15- ys[kk ijh{kk lfefr %

dEiuh vf/kfu;e 1956 dh /kkjk 292 ¼,½ esa ;Fkk okafNr leh{kk/khu o"kZ ds nkSjku ys[kk ijh{kk lfefr dh cSBd dkvk;kstu fd;k x;kA ys[kk ijh{kk lfefr esa fuEufyf[kr funs'kd gSa1 Jherh eksfudk ,l xxZ] & v/;{k

la;qDr lfpo@fo0vk0¼g0½ oL= ea=ky;] Hkkjr ljdkj ¼12-6-2012 ls 03-01-2013 rd½2 Jh cyfoUnj dqekj] & v/;{k

fodkl vk;qDr ¼gFk0½ oL= ea=ky;] Hkkjr ljdkj ¼03-01-2013 ls½3 Jherh lkUFkk FkEih & lnL;

funs'kd] vkbZ ,.M ,Q foax] oL= ea=ky;] Hkkjr ljdkj ¼30-6-2009 ls 12-12-2012 rd½4 Jh ,-ds- 'kekZ & lnL;

milfpo] vkbZ,.M ,Q foax] oL= ea=ky;] Hkkjr ljdkj ¼12-12-2012 ls½5 Jh ts-ds- ckostk & lnL;

izca/k funs'kd] jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ¼3-7-2007 ls 30-4-2013 rd½6 Jh ,l-Jhfuokl & lnL;

izca/k funs'kd] jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ¼01-05-2013 ls½16- ifjlEifÙk;ksa dh izlkafxdrk %16- ifjlEifÙk;ksa dh izlkafxdrk %16- ifjlEifÙk;ksa dh izlkafxdrk %16- ifjlEifÙk;ksa dh izlkafxdrk %16- ifjlEifÙk;ksa dh izlkafxdrk %

ikfVZ;ksa ls izkIr C;kt #- 64-08 yk[k gSA ¼foxr o"kZ #- 49-58 yk[k½ tks fof/kd dk;Zokgh ds vUrxZr gSA

17- funs'kdx.kksa ds mÙkjnkf;Ro dk fooj.k %17- funs'kdx.kksa ds mÙkjnkf;Ro dk fooj.k %17- funs'kdx.kksa ds mÙkjnkf;Ro dk fooj.k %17- funs'kdx.kksa ds mÙkjnkf;Ro dk fooj.k %17- funs'kdx.kksa ds mÙkjnkf;Ro dk fooj.k %daiuh vf/kfu;e ¼la'kksf/kr½ 2000 ds izkfo/kkuksa ds ifjizs{; esa vkidk funs'kd e.My ,rn~}kjk ?kks"k.kk djrk gS fd]

i½ okf"kZd ys[kk rS;kj djrs le; iz;ksT; ys[kk ekudksa dk vuqlj.k fd;k x;k gSAii½ funs'kdx.kksa us ,slh ys[kkuhfr;ksa dk p;u djds mUgsa lqlaxr <ax ls ykxw fd;k gS rFkk fy;s x;s fu.kZ; o vkdyu mi;qDr

o foosdiw.kZ gSa ftuls 31-3-2013 dks lekIr o"kZ ds var esa dEiuh ds dk;Zdykiksa o ykHk dk lgh&lgh o fu"i{k ys[kktks[kk izkIr gksrk gSA

23

14.14.14.14.14. DIRECT DIRECT DIRECT DIRECT DIRECTORAORAORAORAORATE:TE:TE:TE:TE:

As per communication received from the Office of Development Commissioner for Handlooms, Ministry of

Textiles, Government of India, following changes had taken place among directors on Board of NHDC Ltd.,

since last Annual General Meeting :

1. Smt. Monika S Garg Chairperson Upto 03.01.2013

2. Shri Balvinder Kumar Chairman From 03.01.2013

3. Smt. Santha Thampi Director Upto 12.12.2012

4. Shri A K Sharma Director From 12.12.2012

5. Shri J K Baweja Managing Director Upto 30.04.2013

6. Shri Sarvepalli Srinivas Managing Director From 01.05.2013

Your Directors place on record the appreciation for guidance and valuable services rendered by Smt. Monika

S Garg, Smt. Santha Thampi and Shri J K Baweja, during their tenure as Chairperson, Director and Managing

Director respectively on the Board of NHDC.

15. AUDIT COMMITTEE:

In accordance with the requirement of section 292(A) of the Companies Act, 1956, the Meetings of the Audit

Committee were held during the year under review. Audit Committee consists of following directors:

1. Smt. Monika S Garg, Jt. Secretary/ Development Commissioner (Handlooms) - Chairperson (From

Ministry of Textiles, Govt. of India 12.06.2012 to 03.01.2013)

2. Shri Balvinder Kumar, Development Commissioner (Handlooms), - Chairman (From 03.01.2013)

Ministry of Textiles, Govt. of India

3. Smt. Santha Thampi, Director, IFW, Ministry of Textiles, Govt. of India - Member

(From 30.06.2009 to 12.12.2012)

4. Shri A K Sharma, Dy. Secretary, IFW, Ministry of Textiles, Govt. of India - Member (From 12.12.2012)

5. Shri J K Baweja, Managing Director, NHDC Limited - Member

  (From 03.07.2007 to 30.04.2013)

6. Shri Sarvepalli Srinivas, Managing Director, NHDC Limited - Member (From 01.05.2013)

16. CONTINGENT ASSETS:

Interest receivable from the parties under legal proceedings is Rs. 64.08 lac (Previous year-Rs. 49.58 lac).

17. DIRECTOR’S RESPONSIBILITY STATEMENT:

In view of provisions of the Companies (Amendment) Act, 2000, your Directors hereby declare:-

i) that in the preparation of the annual accounts, the applicable accounting standards had been followed.

ii) that 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 corporation at the end of the financial year and of the profits of the corporation

for the year ended 31st March, 2013.

24

iii½ funs'kdx.kksa }kjk dEiuh dh ifjlEifÙk;ksa vkSj lqj{kk izkfo/kkuksa ds vuqlkj ys[kk vfHkys[kksa ds mi;qDr j[kj[kko ,oe~

èkks[kkèkM+h o vU; vfu;ferrkvksa dh jksdFkke gsrq i;kZIr lko/kkuh j[kh x;h gSA

iv½ funs'kdx.kksa us fujUrj tkjh jgus okys dkjksckj ds vk/kkj ij okf"kZd ys[kksa dks rS;kj fd;k gSA

18- vkHkkj %18- vkHkkj %18- vkHkkj %18- vkHkkj %18- vkHkkj %

vkidk funs'kd e.My] daiuh dh xfrfof/k;ksa vkSj dk;ksZ dks iwjk djus esa oL= ea=ky;] fodkl vk;qDr gFkdj?kk ds dk;kZy;]Hkkjr ljdkj rFkk dsUnz o jkT; ljdkj ds vU; ea=ky; foHkkxksa@LFkkuh; ljdkjh fudk;ksa }kjk fn;s x;s leFkZu o ekxZn'kZu ds fy;svkHkkj O;Dr djrk gSA

vkidk funs'kd e.My Hkkjr ds fu;a=d ,oa egkys[kkijh{kd] ys[kk ijh{k.k cksMZ ds lnL;ksa] lkafof/kd ,oe~ 'kk[kk ys[kkijh{kdksa vkSj cSdlZ la?k ds izfr muds lg;ksx o lgk;rk ds fy, vkHkkjh gSA

vkidk funs'kd e.My fofHkUu mi;skxdrkZ laLFkkvksa@ vU; lEcfU/kr laLFkkvksa ds izfr muds leFkZu vkSj fuxe eas muds}kjk O;Dr fo'okl ds fy, gkfnZd vkHkkj O;Dr djrk gS rFkk Hkfo"; es ijLij ykHkizn lEcU/kksa dh vk'kk j[krk gSA

vkidk funs'kd e.My lHkh drkbZ feyksa] jaxksa o jlk;uksa rFkk diM+k fuekZrkvksa ,oe~ muds laxfBr laLFkkuksa ls feys lrr~lg;ksx ds fy;s mudk vkHkkj O;Dr djrk gSA vkidk funs'kd e.My] jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ifjokj ds lHkh lnL;ksads izfr muds mRlkg] dk;Zfu"Bk o lg;skx ds fy;s gkfnZd vkHkkj O;Dr djrk gS rFkk muls lrr~ lg;ksx dh vk'kk j[krk gSA

funs'kd e.My ,oa mudh vksj lsgLrk{kj

(cyfoUnj dqekj)(cyfoUnj dqekj)(cyfoUnj dqekj)(cyfoUnj dqekj)(cyfoUnj dqekj)v/;{k

fnukad % 6-9-2013fnukad % 6-9-2013fnukad % 6-9-2013fnukad % 6-9-2013fnukad % 6-9-2013LFkku % ubZ fnYyhLFkku % ubZ fnYyhLFkku % ubZ fnYyhLFkku % ubZ fnYyhLFkku % ubZ fnYyh

25

iii) that the Directors had taken proper and sufficient care for the maintenance of adequate accounting

records in accordance with the provisions of this Act for safeguarding the assets of the corporation

and for preventing and detecting fraud and other irregularities.

iv) that the directors had prepared the annual accounts on a going concern basis.

18. ACKNOWLEDGEMENT:

Your Board is thankful to the Ministry of Textiles, Office of Development Commissioner for Handlooms,

Government of India and other Ministries and departments in Central and State governments for their support

and guidance given to the corporation in carrying out its activities and operations.

Your Directors are grateful to the Comptroller & Auditor General of India, Members of Audit Board, Statutory

and Branch Auditors and Bankers for their help, cooperation and guidance.

Your Board expresses sincere gratitude to the various user agencies/ other concerned agencies for their

support and confidence reposed in the organization and looks forward to mutually rewarding relationship in

future.

Your Directors wish to place on record their appreciation for the continued co-operation received from all

the Spinning Mills and Manufacturers of dyes & chemicals and fabrics directly as also through their organised

set-ups. Your Board also wishes to record its deep gratitude to all the members of NHDC family for their

enthusiasm, dedicated work and cooperation and look for their continuous involvement.

For and on behalf of Board of Directors

Sd/-

((((( Balvinder Kumar )

Chairman

Dated: 6-9- 2013Place: New Delhi

26

funs'kdksa ds izfrosnu dk vuqyXuduSxfed vfHk'kklu ij fjiksVZ

1- uSxfed vfHk'kklu ij fuxe dk n'kZu %uSxfed vfHk'kklu ij fuxe dk n'kZu ;g gS fd vius dk;Z{ks= ds leLr igyqvksa esa rFkk va'k/kkjdksa] dfeZ;ksa] cSadlZ]

ys[kk ijh{kdkas o 'kklu lfgr vius lHkh i.k/kkfj;ksa ¼LVsd gksYMlZ½ ls ijLij fofue; esa vf/kd ls vf/kd ikjnf'kZrk rFkktokcnsgh cuk, j[kk tk,A fuxe }kjk uSxfed vfHk'kklu ds loksZPp Lrj dks izkIr djus ds fy, fujUrj iz;Ru fd;k tkrk gSrkfd nh?kZdkyhu i.k/kkfjr ewY;ksa esa o`f) gks rFkk uSxfed vfHk'kklu dk vPNk Lrj cuk jg ldsA2- funs'kd e.My %

Lora= funs'kdksa dh fu;qfDr ds vfrfjDr fuxe dk funs'kd e.My HkyhHkkafr lajpukc) gS] ftlds fy, iz'kkklfudea=ky; ls vuqjks/k fd;k tk pqdk gSA orZeku esa blds 03 lnL; gSa] ftlesa ls 02 ljdkjh lnL; Hkkjr ljdkj }kjk ukfergSa ¼v/;{k lfgr½ vkSj ,d dk;Z'khy funs'kd gS ¼izcU/k funs'kd½ Hkkjr ljdkj }kjk funs'kd e.My esa funs'kdksa dh fu;qfDr fuxeds] ^laLFkk ds vUrfuZ;e* ¼vkfVZdYl vkQ ,lksfl,'ku½ ds vuqPNsn 94 ds rgr dh x;h gSAfuns'kd e.My ds la?kVd rFkk lEcf/kr lwpuk,a fuEuor gSa &

funs'kdksa ds uke o Js.khfuns'kdksa ds uke o Js.khfuns'kdksa ds uke o Js.khfuns'kdksa ds uke o Js.khfuns'kdksa ds uke o Js.kh foxr okf"kZd egklHkkfoxr okf"kZd egklHkkfoxr okf"kZd egklHkkfoxr okf"kZd egklHkkfoxr okf"kZd egklHkk foxr okf"kZdfoxr okf"kZdfoxr okf"kZdfoxr okf"kZdfoxr okf"kZd 31 ekpZ] 2013 rd31 ekpZ] 2013 rd31 ekpZ] 2013 rd31 ekpZ] 2013 rd31 ekpZ] 2013 rd 31ekpZ 2013 rd31ekpZ 2013 rd31ekpZ 2013 rd31ekpZ 2013 rd31ekpZ 2013 rd(((((AGM) ls vc rd) ls vc rd) ls vc rd) ls vc rd) ls vc rd egklHkkegklHkkegklHkkegklHkkegklHkk vU; fdrus LFkkuksavU; fdrus LFkkuksavU; fdrus LFkkuksavU; fdrus LFkkuksavU; fdrus LFkkuksa vU; fdruksa esavU; fdruksa esavU; fdruksa esavU; fdruksa esavU; fdruksa esafuns'kd e.My dhfuns'kd e.My dhfuns'kd e.My dhfuns'kd e.My dhfuns'kd e.My dh ( ( ( ( (AGM) esa) esa) esa) esa) esa ij funs'kd gSaij funs'kd gSaij funs'kd gSaij funs'kd gSaij funs'kd gSa e.My lfefre.My lfefre.My lfefre.My lfefre.My lfefrcSBdksa esa mifLFkfrcSBdksa esa mifLFkfrcSBdksa esa mifLFkfrcSBdksa esa mifLFkfrcSBdksa esa mifLFkfr mifLFkfrmifLFkfrmifLFkfrmifLFkfrmifLFkfr lnL;@v/;{k gSalnL;@v/;{k gSalnL;@v/;{k gSalnL;@v/;{k gSalnL;@v/;{k gSa

ljdkjh funs'kdljdkjh funs'kdljdkjh funs'kdljdkjh funs'kdljdkjh funs'kdv-Jh cyfoUnj dqekj 3@3 ykxw ugha 02 &

v/;{k] jk-g-fo-fu- ¼,ubZ,p,pMhlh fyfeVsM]fodkl vk;qDr gFkdj?kk ,pbZihlh½oL= ea=ky;funs'kd igpku la 01647940(03 tuojh] 2013 ls)(03 tuojh] 2013 ls)(03 tuojh] 2013 ls)(03 tuojh] 2013 ls)(03 tuojh] 2013 ls)

c- lqJh eksfudk ,l- xxZlqJh eksfudk ,l- xxZlqJh eksfudk ,l- xxZlqJh eksfudk ,l- xxZlqJh eksfudk ,l- xxZ 1@1 gk¡ 04 01v/;{k] jk-g-fo-fu- ¼lh,lch] fu¶V ¼fu¶V½la;qDr lfpo oL= ea=ky; VsDlVkby desVh]funs'kd igpku la[;k % 00836402 ,lohihvkbZ](3 tuojh 2013 rd)(3 tuojh 2013 rd)(3 tuojh 2013 rd)(3 tuojh 2013 rd)(3 tuojh 2013 rd) ,lVh,e½

l-Jh vkj-,u- pkScs ykxw ugha ykxw ugha 02 &v/;{k] jk-g-fo-fu- ¼,ubZ,p,pMhlh fyfeVsM]fodkl vk;qDr gFkdj?kk ,pbZihlh½oL= ea=ky;funs'kd igpku la- 00911833(12 twu] 2012 rd)

27

ANNEXURE TO DIRECTORS' REPORT

REPORREPORREPORREPORREPORT ON CORPORAT ON CORPORAT ON CORPORAT ON CORPORAT ON CORPORATE GOTE GOTE GOTE GOTE GOVERNVERNVERNVERNVERNANCEANCEANCEANCEANCE

1. COMPANY'S PHILOSOPHY ON CORPORATE GOVERNANCE:

NHDC's philosophy on Corporate Governance envisages attainment of highest level of transparency and

accountability in all facets of operations and all its interactions with its stakeholders including shareholders,

employees, bankers, auditors and the Government. The corporation constantly endeavours to achieve the

highest levels of standards of corporate governance in order to enhance the long term stakeholders' value

and maintain good standards of Corporate Governance.

2. BOARD OF DIRECTORS:

The Board of the corporation is well structured except the appointment of independent directors, for which,

request has been made to the Administrative Ministry for their induction on the Board. Presently, it consists

of 3 members, of whom, two are the government nominee of the government of India (including Chairman)

and one is the Functional Director (i.e. Managing Director). The Directors on the Board are appointed by the

Government of India in terms of Article 94 of the Articles of Association of the corporation.

Constitution of Board of Directors and the related information is placed herein below:

Name & category No. of Board Attendance No. of outside No. of outside

of the Director meetings with in last AGM Directorships as on board committeeattendance 31st March, membership/

since last AGM 2013 chairmanshipas on 31st March,

2013

Government Director:

a. Shri Balvinder Kumar 3/3 - N.A. - 02

Chairman-NHDC (NEHHDC Ltd., -

DC (Handlooms), HEPC)

Ministry of Textiles,

DIN No. 01647940

(From 03rd Jan., 2013)

b. Ms. Monika S Garg 1/1 Yes 04 01

Chairperson-NHDC

DC (Handlooms)/ Jt. Secretary, (CSB, NIFT, Textile (NIFT)

Ministry of Textiles, Committee,

DIN No.00836402 SVPISTM)

(Till 03rd Jan., 2013)

c. Shri R N Choubey - N.A. - - N.A. - 02 -

Chairman-NHDC (NEHHDC Ltd.,

DC (Handlooms), HEPC)

Ministry of Textiles,

DIN No. 00911833

(Till 12th June, 2012)

28

n- Jh ,-ds- 'kekZ] milfpo 2@3 ykxw ugha 01 -,dhd`r foRr izHkkx] ¼lhlhvkbZlh fyfeVsM]oL= ea=ky; ,p,pbZlh fyfeVsM]funs'kd igpku la- 06471388 chvkbZlh fyfeVsM](12 fnlEcj] 2012 ls) VsDlVkby desVh] eqacbZ

rFkk ljnkj oYyHkHkkbZiVsy b.Vj us'kyu LdwyvkQ eSustesaV dks;EcVwj½

;- lqJh lkUFkk FkEihlqJh lkUFkk FkEihlqJh lkUFkk FkEihlqJh lkUFkk FkEihlqJh lkUFkk FkEih 0@1 gk¡ 04 -funs'kd] ,dhd`r foRr izHkkx ¼lhlhvkbZlh fyfeVsM]oL= ea=ky;] ,p,pbZlh fyfeVsM]funs'kd igpku la- 02731117 VsDlVkby desVh eqacbZ(12 fnlEcj 2012 rd) rFkk ljnkj oYyHkHkkbZ

iVsy b.Vjus'kuy Ldwy vkQ eSustesaV] dks;EcVwj½

dk;Z'khy funs'kddk;Z'khy funs'kddk;Z'khy funs'kddk;Z'khy funs'kddk;Z'khy funs'kdn-Jh losZiYyh Jhfuokl 2@2 ykxw ugha & &

izcU/k funs'kdfuns'kd igpku la- 02292051(01 ebZ] 2013 ls)

y-Jh tks-dq- ckostk 2@2 gk¡ & &izcU/k funs'kdfuns'kd igpku la- 01660198(30 vizSy 2013 rd)

o"kZ 2012&13 esa fuxe ds funs'kd e.My dh fu;fer vUrjky ij 04 cSBdsa ¼ 11twu] 2012] 05 flrEcj] 2012]04 fnlEcj] 2012] rFkk 02 ekpZ 2013½ dh x;ha rFkk lkoZtfud m|+e foHkkx ¼MhihbZ½ dh ekxZ funZsf'kdkvksa ds vuq:i lHkhokafNr lwpuk;sa e.My ds le{k izLrqr dh x;haA

funs'kd e.My ds funs'kdksa dk laf{kIr fooj.k &(i) Jh cyfoUnj dqekj (56o"kZ) vkbZ,,l (m-iz- 1981)

vki oL= ea=ky; Hkkjr ljdkj esa fodkl vk;qDr gFkdj?kk gSaA vkius 03 tuojh 2013 ls jk"Vªh; gFkdj?kk fodklfuxe fyfeVsM ds insu v/;{k dk dk;ZHkkj xzg.k fd;kA blls iwoZ vki Hkkjr ljdkj esa vR;Ur egRoiw.kZ inksa tSls la;qDr lfpo]jlk;u ,oa moZjd ea=ky; rFkk vij lfpo d`f"k ,oa lgdkfjrk ea=ky; esa dk;Zjr jgsA blds vfrfjDr vki vU; egRoiw.kZinksa tSls fd izcU/k funs'kd ;w-ih- LVsV b.MfLVª;y MsoyiesaUV dkjiksjs'ku ¼;wih,lvkbZMhlh½ eq[; vf/k'kklh vf/kdkjh uks;Mk]mik/;{k y[kuÅ fodkl izkf/kdj.k ¼,yMh,½] dkjkxkj egkfujh{kd] fo'ks"k lfpo] ;w-ih- vkS|ksfxd fodkl rFkk xksiuh; foHkkxrFkk mRrj izns'k ljdkj esa eq[; lfpo ds LVkQ vkfQlj Hkh jgs pqds gSaA

29

d. Shri A K Sharma, 2/3 N.A. 01 -

Dy. Secretary, (CCIC Ltd., HHEC

Integrated Finance Wing Ltd., BIC Ltd.,

Ministry of Textiles, Textile Committee -

DIN No. 06471388 Mumbai and Sardar

(From 12th Dec., 2012) Vallabh Bhai Patel

International School

of Management -

Coimbatore)

e. Smt. Santha Thampi 0/1 Yes 04 -

Director, (CCIC Ltd.,

Integrated Finance Wing HHEC Ltd.,

Ministry of Textiles, Textile Committee -

DIN No. 02731117 Mumbai and Sardar

(Till 12th Dec., 2012) Vallabh Bhai Patel

International School

of Management -

Coimbatore)

Functional Director:

f. Shri Sarvepalli Srinivas 2/2 - N.A. - - -

Managing Director

DIN No. 02292051

(From 01st May, 2013)

g. Shri J K Baweja 2/2 Yes - -

Managing Director

DIN No. 01660198

(Till 30th April, 2013)

The Board of the corporation met 04 times during the year 2012-13 at regular intervals (11th June, 2012, 05th

Sept., 2012, 04th Dec., 2012 & 02nd March, 2013) and all the information required in accordance with DPE

guidelines were placed before the Board.

Brief resume of the directors on the Board:

(i.) Shri Balvinder Kumar (56 years), IAS (UP: 1981) is Development Commissioner for Handlooms

in Ministry of Textiles, Government of India. He joined the National Handloom Development Corporation

(NHDC) as ex-officio chairman w.e.f. 3rd January, 2013. Before this, he held various important positions

in the Government of India which include Joint Secretary in Ministry of Chemical & Fertilizers and

Addl. Secretary in Ministry of Agriculture & Cooperation. In addition to this, he also held other important

assignments such as MD, U.P. State Industrial Development Corporation (UPSIDC), CEO - NOIDA,

Vice-Chairman, Lucknow Development Authority (LDA), Inspector General of Prisons, Special

Secretary, U.P. Industrial Development & Confidential Deptt. and Staff Officer to Chief Secretary in

Government of Uttar Pradesh.

30

vki fnYyh fo'ofo|ky; ls ouLifr 'kkL= esa ijkLukrd rFkk ,e-fQy- gSaA Jh cyfoUnj dqekj gFkdj?kk fu;kZr laoèkZuifj"kn rFkk mRrj iwoZ gLrf'kYi rFkk gFkdj?kk fodkl fuxe ds e.My esa ukfer funs'kd Hkh gSaA(ii) Jh ,-ds- 'kekZ (54 o"kZ)

vki ,dhd`r foRr izHkkx] oL= ea=ky; Hkkjr ljdkj esa milfpo gSaA vkius fuxe esa 12 fnlEcj 2012 dks ukferfuns'kd ds :i esa dk;ZHkkj xzg.k fd;kA vki okf.kT; Lukrd gSaA vki dsUnzh; lfpoky; lsok ¼lh,l,l½ ds vf/kdkjh gSaA vkiusdsUnzh; lfpoky; lsok ds varxZr flrEcj 1984 esa x`g ea=ky; esa dk;ZHkkj xzg.k fd;kA

uoEcj 2012 esa oL= ea=ky; esa milfpo dk dk;ZHkkj xzg.k djus ds iwoZ vkius iz/kkuea=h dk;kZy; esa ¼9 o"kkZsa lsvfèkd½] dkfeZd ,oa izf'k{k.k foHkkx esa ¼6 o"kksZa ls vf/kd½] x`g ea=ky;] LokLF; ea=ky; rFkk foRr ea=ky; ¼7 o"kksZa ls vf/kd½esa dk;Z fd;kA vki vf/kdrj LFkkiuk@dkfeZd] laln rFkk foRr ekeyksa ds dk;ksZa ls lEcfU/kr jgs gSaA orZeku esa og oL= ea=ky;ds ,dhd`r foRr iz;kx dk dk;Z lapkfyr dj jgs gSaA

vki Hkkjrh; dikl fuxe fyfeVsM ,p,pbZlh fyfeVsM] chvkbZlh fyfeVsM rFkk oL= lfefr eqacbZ ¼lkafof/kd fudk;½rFkk ljnkj oYyHkHkkbZ iVsy b.Vjys'kuy Ldwy vkQ eSustesaV] dks;EcVwj ds e.My esa ukfer funs'kd Hkh gSaA(iii) Jh loZsiYyh Jhfuokl (51 o"kZ)

vki us 01 ebZ 2013 ls jk"Vªh; gFkdj?kk fodkl fuxe ds u, izca/k funs'kd ds :i esa dk;ZHkkj xzg.k dj fy;k gSAJh losZiYyh Jhfuokl dkelZ xzstq,V gSa rFkk Hkkjrh; tu lapkj laLFkku] ubZ fnYyh ls foKkiu ,oa tulEidZ esa iksLV xsztq,VfMIyksek /kkjd gaSA

vius nks n'kd ds dSfj;j esa vkius vxz.kh lkoZtfud {ks= ds miØeksa vkSj futh {ks= dh dEifu;ksa ftuesa ikojbfDoiesaV~l] ykWftfLVd] dsfedYl] Økbfll dE;qfuds'ku rFkk cSafdax] dkjiksjsV dE;wfuds'kal] czkaM fcfYMax] dkjiksjsV vQs;lZ rFkklaLFkkxr lEcU/k fodflr djus tSls {ks=ksa esa O;kid vuqHko gkfly fd;k gSA vius bl dk;ZHkkj ls iwoZ Jh Jhfuokl] fu;kZr vk;krcSad vkQ bf.M;k] eqacbZ esa egkizca/kd ds in ij dk;Zjr FksA(iv) Jherh eksfudk ,l- xxZ (48 o"kZ) &¼03 tuojh] 2013 rd½ 1989 cSp dh mRrj izns'k dSMj dh Hkkjrh; iz'kklfudlsok dh vf/kdkjh gSa rFkk orZeku esa js'ke rFkk js'ke mRiknu] dsUnzh; js'ke cksMZ] fu¶V rFkk ,lohihvkbZ,lVh,e] , ,.M ,e,eVhlfgr QS'ku o oL= izf'k{k.k] oL= lfefr o lslehjk (Sasmira)@ea=k (Mantra) dk dk;Z ns[k jgh gSaA vki vizSy] 2009 lsea=ky; dh eq[; lrZdrk vf/kdkjh gSaA mDr ds lkFk&lkFk vki dsUnzh; js'ke cksMZ dh ekpZ] 2010 ls v/;{k gSa rFkk,lohihvkbZ,lVh,e] VSDlVkby desVh esa funs'kd rFkk fu¶V ds cksMZ vkQ xoulZ dh lnL; gSaA

blds iwoZ vki Hkkjr ljdkj esa fofHké egRoiw.kZ inksa ij fu;qDr jgh gSaA vDVwcj 2010 ls ebZ 2012 rd vki jk"Vªh;QS'ku izkS|ksfxdh laLFkku ¼fu¶V½ dh Mk;jsDVj tujy jgh gSaA

vkius fodkl vk;qDr gFkdj?kk rFkk insu v/;{k jk"Vªh; gFkdj?kk fodkl fuxe ds in ij 12 twu 2012 dks dk;Zxzg.k fd;kAvkius mRrj izns'k ljdkj esa] eq[; dk;Zdkjh vf/kdkjh (CEO) uks;Mk] izcU/k funs'kd] Hkwfe lq/kkj fuxe] ftykf/kdkjh] jkeiqj

o dkuiqj nsgkr] eq[; fodkl vf/kdkjh dkuiqj rFkk egkizcU/kd mRrj izns'k foRr fuxe tSls egRoiw.kZ inksa ij dk;Z fd;k gSAvki fo'ofo|ky; Vkij gSa rFkk iatkc fo'ofo|ky; ls Lukrd rFkk HkkSfrd 'kkL= esa LukrdksRrj dh ijh{kk mRrh.kZ dhA

rnksijkar vkius ikfVZdyh HkkSfrdh esa ,e fQy fd;kA vkius foRr izcU/ku esa fo'ks"kKrk ds lkFk ,e-ch-,- dh fMxzh Hkh izkIr dhAvkidks] efgykvksa ds lkekftd] vkfFkZd mRFkku ds mRd`"V ;ksxnku ds fy, Hkkjr ljdkj }kjk 08 ekpZ 2010 dks L=h

'kfDr iqjLdkj 2010 (nsoh vfgY;kckbZ gksYdj ,okMZ) ls lEekfur fd;k x;kA(v) Jherh lkUFkk FkEih (60 o"kZ) (12 fnlEcj] 2012 rd)

vki ,dhd`r foRr foHkkx oL= ea=ky;] Hkkjr ljdkj esa funs'kd gSaA vkius 05 tqykbZ 2009 dks fuxe esa ukfer funs'kd ds

31

He did M.Sc. and M.Phil. in Botany from Delhi University. Shri Balvinder Kumar is also nominee

Director on the Board of Handloom Export Promotion Council and North Eastern Handicrafts &

Handloom Development Corporation.

(ii.) Shri A K Sharma (54 years) is Deputy Secretary, Integrated Finance Wing of the Ministry of Textiles,

Government of India. He joined the corporation as a nominee Director w.e.f. 12th Dec., 2012. He is

a Commerce Graduate and is a Central Secretariat Service (CSS) Officer. He joined Central

Secretariat Service in September, 1984 in the Ministry of Home Affairs.

Before joining in Ministry of Textiles as Deputy Secretary in Nov., 2012, he has worked in Prime

Minister's Officer (for over 9 years), Department of Personnel and Training (over 6 years), Ministry of

Home Affairs, Ministry of Health and Ministry of Finance (over 7 years). He has mostly dealt in

Establishment/ Personnel, Parliament and Finance matter. Presently, he is handling Integrated Finance

Wing of the Ministry of Textiles.

He is also a nominee Director on the Board of CCIC Ltd., HHEC Ltd., BIC Ltd., and Textile Committee

- Mumbai (Statutory Body) and Sardar Vallabh Bhai Patel International School of Management -

Coimbatore.

(iii.) Shri Sarvepalli Srinivas: (51 years), joined the corporation as Managing Director on 01st May,

2013. He is a graduate in Commerce and holds a Post Graduate Diploma in Advertising & Public

Relations from the Indian Institute of Mass Communications, New Delhi.

In a career spanning over two decades, he has experience in leading public and private sectors inpower equipment, logistics, chemicals, crisis communication and banking, handling corporate

communications, brand building, corporate affairs and fostering international linkages. He was General

Manager, Export - Import Bank of India, Mumbai prior to joining NHDC.

(iv.) Smt. Monika S Garg: (48 years) [Till 03rd Jan., 2013] an IAS officer of 1989 batch of Uttar Pradesh

Cadre, is Joint Secretary in the Ministry of Textiles, Government of India w.e.f. 02nd April, 2009.

In Ministry of Textiles, she is looking after Silk & Sericulture, Central Silk Board, Fashion & Textiles

Education including NIFT and SVPISTM, A&MMT, Textiles Committee and SASMIRA/ MANTRA. She

is the Chief Vigilance Officer of the Ministry since April, 2009. In addition, she is Chairperson, Central

Silk Board w.e.f. March, 2010 and she is also Director in SVPITSM, Textiles Committee and member

of Board of Governors of NIFT.

Before this, she held various important positions in the Government of India which include Director

General, National Institute of Fashion Technology (NIFT) from October, 2010 to May, 2012.

She joined as Development Commissioner for Handlooms and ex-officio Chairperson of National

Handloom Development Corporation w.e.f. 12th June, 2012.

She has held various important positions in Government of Uttar Pradesh as CEO - NOIDA, M.D. -

U.P. Bhumisudhar Nigam, District Magistrate of Rampur and Kanpur Dehat, CDO - Kanpur and G.M.

- UP Financial Corporation.

A University topper, she has done her Graduation and Post Graduation in Physics from Punjab

University - Chandigarh, followed by M. Phil in Particle Physics. She also possesses the degree of

MBA with specialisation in Financial Management.

She was awarded of 'Stree Shakti Puraskar 2010' (Devi Ahilyabai Holkar Award) by Government of India on

08th March, 2010 for her outstanding contribution towards the Socio - Economic Development of Women.

(v.) Smt. Santha Thampi: (60 years) [Till 12 Dec.'2012], is Director, Integrated Finance Wing of the

Ministry of Textiles, Government of India. She joined the corporation as a nominee Director w.e.f.

32

:i esa dk;Zxzg.k fd;k gSA vki ijkLukrd ¼izk.kh foKku½ gS rFkk dsUnzh; lfpoky; lsok dh vf/kdkjh gSa vkius okf.kT; ea=ky; esa twu1977 dks dsUnzh; lfpoky; lsok esa dk;Zxzg.k fd;k rFkk 2006 rd viuh lsok ds vf/kdka'k o"kksZa rd vki okf.kT; ea=ky; esa dk;Zjrjgha] o"kZ 1981 ls 1991 ds nl e/;orhZ o"kksZa esa vki ml le; ds oL= ea=ky; tks rc okf.kT; ea=ky; dk gh vax Fkk esa dk;Zjr jghaAvki uoEcj 2006 ls ebZ 2009 rd gkse vQs;lZ ea=ky; esa lsokjr jgh rFkk ebZ 2009 esa vius oL= ea=ky; esa dk;Zxzg.k fd;kA

vkius eq[; :i ls oL=] [kfut] lkoZtfud {ks= cgqi{kh; rFkk f}i{kh; O;kikj vuqca/k&vUrjkZ"Vªh; O;kikj laxBu rFkkfons'kh ifj;kstukvksa ds vkS|ksfxd lEcU/kh eqn~nksa ij dk;Z fd;k gSA ebZ 2009 ls vki oL= ea=ky; ds bUVhxzsVsM QkbusUl foaxdk dk;Z ns[k jgh gSaA

vki lsUVªy dkVsu bUMfLVª;y dkjiksjs'ku rFkk gLrf'kYi o gFkdj?kk fu;kZr fuxe ¼lkoZtfud miØe½ rFkk oL= lfefr eqacbZ¼lkafof/kd fudk;½ rFkk ljnkj cYyHk HkkbZ iVsy bUVjus'kuy Ldwy vkQ eSustesUV] dks;EcVwj ds funs'kd e.My dh ukfer funs'kd FkhaA(vi) Jh tks-dq- ckostk (60 o"kZ) (30 vizSy] 2013 rd)

vkius 03 tqykbZ 2007 dks fuxe ds izcU/k funs'kd dk inHkkj xzg.k fd;kA vkius 1974 esa lqizfl) fcM+yk bULVhV~;wV]Vh vkbZ Vh fHkokuh ls cqukbZ esa fo'ks"kKrk ds lkFk oL= rduhd esa Lukrd dh mikf/k izkIr dh gSa vkius o"kZ 1984 esa ukxiqjfo'ofo|ky; ls fctusl eSustesaUV esa ijkLukrd dh ijh{kk mRrh.kZ dhA

vius viuk dSfj;j ,isjkfUVl lqijokbtj ls 'kq: dj izcU/k funs'kd ds in rd mUufr dh gSA fuxe esa dk;Z xzg.k djusls iwoZ Jh tks-dq- ckostk ds ikl] oL= m|ksx dk le`) ,oa oSfo/;iw.kZ vuqHko gSA vkius foxr 09 o"kksZa rd jk"Vªh; oL= fuxe ¼,uVh lh½ eqacbZ esa foi.ku izeq[k ds :i esa dk;Z fd;k rFkk mlls igys vkius jk"Vªh; oL= fuxe dh fofHké bdkbZ;ksa rFkk futh {ks= dhdEifu;ksa esa bZdkbZ izeq[k rFkk mRiknu izeq[k ds :i esa dk;Z fd;k FkkA oL= m|ksx ds foi.ku rFkk rduhdh {ks= dk O;kid vuqHkogksus ds dkj.k vki fuxe ds vkiwjd rFkk miHkksDrk vk/kkj dks c<+kus esa lQy jgs gSaA vkids 06 o"kkZsa ds dk;Zdky esa fuxe dk dkjksckjo"kZ 2006&2007 esa #- 417 djksM+ ls yxHkx rhu xquk c<+dj o"kZ 2012&13 esa #- 1375 djksM+ gks x;k gSA3- ys[kk lfefr %

lkoZtfud {ks= ds fy, lkoZtfud m|e foHkkx ¼Mh ih bZ½ ds ekxZfunsZ'kksa esa ;Fkk izLrkfor uSxfed vfHk'kklu dksys[kklfefr dh 08 fnlEcj] 2010 dks vk;ksftr 23oha cSBd esa ys[kk lfefr ds fopkjkFkZ fo"k; esa uksV fd;k x;kA ys[kk lfefrds la?kVu rFkk lEcfU/kr lwpuk;sa fuEufyf[kr gSa &

uke@Js.khuke@Js.khuke@Js.khuke@Js.khuke@Js.kh ys[kk lfefrys[kk lfefrys[kk lfefrys[kk lfefrys[kk lfefr mifLFkfr lfgr cSaBdksa dh la[;kmifLFkfr lfgr cSaBdksa dh la[;kmifLFkfr lfgr cSaBdksa dh la[;kmifLFkfr lfgr cSaBdksa dh la[;kmifLFkfr lfgr cSaBdksa dh la[;kJh cyfoUnj dqekjJh cyfoUnj dqekjJh cyfoUnj dqekjJh cyfoUnj dqekjJh cyfoUnj dqekj v/;{k 1@1ljdkjh funs'kd ¼03 tuojh] 2013 ls½

Jherh eksfudk ,l-xxZJherh eksfudk ,l-xxZJherh eksfudk ,l-xxZJherh eksfudk ,l-xxZJherh eksfudk ,l-xxZ v/;{k 2@2ljdkjh funs'kd ¼03 tuojh 2013 rd½

Jh vkj-,u- pkScsJh vkj-,u- pkScsJh vkj-,u- pkScsJh vkj-,u- pkScsJh vkj-,u- pkScs v/;{k 1@1ljdkjh funs'kd ¼12 twu 2012 rd½

Jh ,-ds- 'kekZJh ,-ds- 'kekZJh ,-ds- 'kekZJh ,-ds- 'kekZJh ,-ds- 'kekZ lnL; 1@1ljdkjh funs'kd ¼12 fnlEcj] 2012 ls½

33

05th July, 2009. She is a post graduate (Zoology) and is a Central Secretariat Service (CSS) Officer.

She joined Central Secretariat Service in June, 1977 in the Ministry of Commerce and major portion

of her service till October, 2006, was in the Department of Commerce, with an intervening spell of 10

years from 1981 to 1991 in the then Department of Textiles, which was a part of the Ministry of

Commerce. From Nov., 2006 to May, 2009 she worked in the Ministry of Home Affairs and joined

Ministry of Textiles in May, 2009.

She has mainly dealt with industry related issues of Textiles, Minerals, Public Sectors, Multi lateral

and Bilateral Trade Agreements, International Trade Organisations and Overseas Projects. Since

May' 2009, she was handling Integrated Finance Wing of the Ministry of Textiles.

She was a nominee Director on the Board of CCIC Ltd., HHEC Ltd. and Textile Committee - Mumbai

(Statutory body) and Sardar Vallabh Bhai Patel International School of Management, Coimbatore.

(vi.) Shri J K Baweja: (60 years) [Till 30th April'2013], joined the corporation as Managing Director on

03rd July, 2007. He did his graduation in Textile Technology in the year 1974 with specialisation in

weaving from the renowned Birla institute viz; T.I.T - Bhiwani. He did his post graduate diploma in

Business Management from Nagpur University in the year 1984.

He started his carrier as Apprentice supervisor and risen to the post of Managing Director. Shri J.K.

Baweja has rich and varied experience in Textile industries before joining the corporation. He was

working as Marketing Head of NTC (Mumbai) for 9 years, while he was in NTC and prior to that he

has worked in various units of NTC and Private sector companies as unit head and production head.

With his extensive experience in Technical and Marketing area of Textile industry, he has been

successful in increasing the supplier base as well as customer base of the corporation. During his

tenure of 6 years in the corporation, the turnover of the corporation has gone up 3 folds from Rs.417

crore during the year 2006-07 to Rs.1375 crore during the year 2012-13.

3. AUDIT COMMITTEE:

The terms of reference of the Audit Committee, as proposed in the DPE guidelines on Corporate Governance

for CPSEs was noted by the Audit Committee in its 23rd meeting held on 08th Dec., 2010. The composition

of Audit Committee and the related information is placed herein below:

Name/ category Position in Audit Committee No. of meetings with attendance

Shri Balvinder Kumar Chairman 1/1

Government Director

(w.e.f. 03rd Jan., 2013)

Smt. Monika S Garg Chairperson 2/2

Government Director

(Uptill. 03rd Jan., 2013)

Shri R N Choubey Chairman 1/1

Government Director

(Till 12th June, 2012)

Shri A K Sharma Member 1/1

Government Director

(w.e.f. 12th Dec., 2012)

34

Jherh lkUFkk FkEihJherh lkUFkk FkEihJherh lkUFkk FkEihJherh lkUFkk FkEihJherh lkUFkk FkEih lnL; 2@3ljdkjh funs'kd ¼12 fnlEcj 2012 rd½

Jh losZiYyh JhfuoklJh losZiYyh JhfuoklJh losZiYyh JhfuoklJh losZiYyh JhfuoklJh losZiYyh Jhfuokl lnL; ykxw ughadk;Z'khy funs'kd ¼01 ebZ] 2013 ls½

Jh tks-dq- ckostkJh tks-dq- ckostkJh tks-dq- ckostkJh tks-dq- ckostkJh tks-dq- ckostk lnL; 4@4dk;Z'khy funs'kd ¼30 vizSy] 2013 rd½

o"kZ 2012&13 esa ys[kk lfefr dh 04 cSBdsa ¼11 twu 2012] 07 vxLr] 2012] 04 fnlEcj 2012] rFkk 02 ekpZ]2013½ fu;fer vUrjky ij dh x;haA4- ikfjJfed lfefr %

pw¡fd fuxe ,d ,slk laxBu gS tks lkekftd mís';ksa ds fy, dke djrk gS] mldk v'aknku bruk vYi gS fd mlls ogdsoy vius Åijh [kpksZa dks gh iwjk dj ikrk gS og vius dfeZ;ksa dks fu"iknu lEcU/kh Hkqxrku ¼ih vkj ih½ djus esa l{ke ughagS vr% ikfjJfed lfefr ds lUnHkZ esa uSxfed vfHk'kklu ij Mh ih bZ ekxZ funsZf'kdkvksa ds izkfo/kku] fuxe ij ykxw ugha gksrsgSa lkFk gh dfeZ;ksa dh la[;k Hkh vYi gS ¼31 ekpZ 2013 rd 199 dehZ gSaA½

mijksDr dks ns[krs gq, i`Fkd ikfjJfed lfefr cukus dh vko';drk vuqHko ugha dh x;h rFkk ikfjJfed lEcU/kh ;fndksbZ ekeyk gS rks mls lh/ks funs'kd e.My dks izLrqr fd;k tkrk gSA5- tujy ckMh ehfVax %

foxr 03 okf"kZd egklHkk ¼, th ,e½ dh cSBdksa dk fooj.k fuEuor~ gSA

foRrh; o"kZ ds fy, ,th,efoRrh; o"kZ ds fy, ,th,efoRrh; o"kZ ds fy, ,th,efoRrh; o"kZ ds fy, ,th,efoRrh; o"kZ ds fy, ,th,e frfFk o le;frfFk o le;frfFk o le;frfFk o le;frfFk o le; LFkkuLFkkuLFkkuLFkkuLFkku

2011&12 27 flrEcj 2012 @ vijkUg 4-30 m|ksx Hkou] ubZ fnYyh

2010&11 29 flrEcj 2011 @ vijkUg 3-00 iathd`r dk;kZy;] y[kuÅ

2009&10 21 flrEcj 2010 @ izkr% 11-00 iathd`r dk;kZy;] y[kuÅ6- izdVhdj.k %i½ dk;Z'khy funs'kd dks Hkqxrku fd, x, ikfjJfed dk fooj.k fuEufyf[kr gSA ¼#-yk[k esa½

dk;Z'khy funs'kd dk uke osru (ewy osru$egaxkbZ HkRrk) ifjyfC/k;k¡ dqy

Jh tks-dq- ckostk izcU/k funs'kd 15-18 3-96 19-14

ii½ o"kZ ds nkSjku fdlh lEcfU/kr ikVhZ ls ysu&nsu ugha fd;k x;kAiii½ iqu% iqf"V dh tkrh gS fd fdlh Hkh lkafof/kd laLFkk }kjk dksbZ n.M ugha vkjksfir fd;k x;k gSAiv½ fuxe ds funs'kd e.My ls fof/kor~ vuqeksfnr ^fOgfly Ckykssvj uhfr* gS tks fuxe ds leLr dfeZ;ksa dks ifjpkfyr dj nh

x;h gS rFkk fuxe dh oscokbV www.nhdcltd.co.in ij Hkh yxk nh x;h gSA iqu% ;g iqf"V dh tkrh gS fd fdlh Hkh dkfeZd

dks] ys[kk ijh{kk lfefr rd igqapus ls ugha jksdk x;k gSA

35

Smt. Santha Thampi Member 2/3

Government Director

(Uptill 12th Dec., 2012)

Shri Sarvepalli Srinivas Member NA

Functional Director

(w.e.f. 01st May, 2013)

Shri J K Baweja Member 4/4

Functional Director

(Uptill. 30th April, 2013)

The Audit Committee met 4 times during the year 2012-13 at regular intervals (11th June, 2012, 07th Aug.,

2012, 04th Dec., 2012 & 02nd March, 2013).

4. REMUNERATION COMMITTEE:

Since, the corporation is an organisation with social objectives having very thin contribution margin just

sufficient to meet its overheads, it is not able to pay the Performance Related Payment (PRP) to its employees.

Thus, the provisions of DPE guidelines on Corporate Governance in respect of Remuneration Committee

do not apply to the corporation. Further, the number of employees in the corporation is also small (i.e. 199

as on 31st March, 2013).

In view of above, no need has been felt to have a separate remuneration committee and the other matters

relating to remuneration, if any, are placed directly to the Board of Directors.

5. GENERAL BODY MEETING:

The last 03 Annual General Meetings (AGMs) were held as under:

AGM for the FY Date & time of AGM Venue of the AGM

2011-12 27th Sept., 2012/ 4.30 P.M. Udhyog Bhawan, New Delhi

2010-11 29th Sept., 2011/ 03 P.M. Registered Office, Lucknow

2009-10 21st Sept., 2010/ 11 A.M. Registered Office, Lucknow

6. DISCLOSURES:

(i.) Details of remuneration paid to the Functional Director are as under: (Rs. in lac)

Name of Functional Director Salary (Basic + DA) Perquisites Total

Shri J K Baweja, Managing Director 15.18 3.96 19.14

(ii.) During the year, there was no related party transaction.

(iii.) It is reaffirmed that no penalty has been imposed by any of the statutory body.

(iv.) The corporation has a Whistle Blower Policy duly approved by the Board, which has been circulated

to all the employees of the corporation and also placed on the website www.nhdcltd.co.in of the

corporation. Further, it is affirmed that no personnel has been denied access to the Audit Committee.

36

v½ fuxe] uSxfed vfHk'kklu ij lkoZtfud m|e foHkkx }kjk ;FkkokafNr lHkh funsZ'kksa] flok; Lora= funs'kdksa dh fu;qfDr ds]dk ikyu dj jgh gSA ftlds fy, iz'kklfud ea=ky; ls vko';d dkjZokbZ dk vuqjks/k fd;k x;k gSA tgka rd ikfjJfedlfefr dh ckr gS rks mldk Li"Vhdj.k Åij fn;k tk pqdk gSA

vi½ fuxe }kjk Hkkjr ljdkj }kjk tkjh jk"Vªifr ds funZs'kksa dk ikyu o"kZ ds nkSjku fd;k x;k rFkk foxr 03 o"kkZsa eas Hkh vuqikyu

lqfuf'pr fd;k x;k gSA

vii½ o"kZ ds nkSjku fuxe dh ys[kk cfg;ksa esa ,slk dksbZ O;; fodfyr ugha fd;k x;k gS tks djksckj ls lEcfU/kr ugha gksA

viii½o"kZ ds nkSjku] funs'kd e.My rFkk 'kh"kZ izcU/ku ds fy, O;fDrxr izd`fr dk dksbZ O;; ugha fd;k x;kA

ix½ o"kZ ds nkSjku iz'kklfud rFkk dk;kZy; O;;] dqy [kpZ dk 11-01% gS tcfd foxr o"kZ ;g 14-92% FkkA foRrh; [kpsZa ux.k;

gS D;ksafd fuxe ,d _.k eqDr fuxe gSA

7- lEizs"k.k ds ek/;e %fuxe dh lexz iznRr iwath Hkkjr ljdkj }kjk /kkfjr gSA fuxe dk okf"kZd ys[kk] okf"kZd fjiksVZ lfgr Hkkjr ljdkj dks

Hkst fn;k x;k gS rFkk fuxe dh osclkbV www.nhdcltd.co.in ij yxk fn;k x;k gSA8- ys[kk vgZRkk %

dEiuh vf/kfu;e 1956 dh /kkjk 619¼4½ ds vUrxZr 31 ekpZ] 2013 dks lekIr o"kZ gsrq Hkkjr ds ys[kk egkfu;U=ddh fVIi.kh] okf"kZd fjiksVZ esa layXu dh x;h gSA9- fun'skd e.My dks izf'k{k.k %

fuxe] funs'kdksa dks fuxe esa dk;Zxzg.k djrs le;] QksYMj ds :i esa nLrkostksa dk ,d lsV miyC/k djkrk gSA ftlesafuxe ds dk;Zdyki vkSj fu"iknu ds egRoiw.kZ vkadM+s] funs'kd e.My ds fy, O;kikj dh vkpj.k o uhfr lafgrk] uSxfedvfHk'kklu ds fn'kk funsZ'k bR;kfn j[ks gksrs gSsaA10- fOgfly Cyksvj uhfr %

fuxe us] funs'kd e.My ds fof/kor~ vuqeksnu ls ,d fOgfly Cyksvj uhfr rS;kj dh gSA ;g uhfr] lHkh dfeZ;ksa ds eè;ifjpkfyr dj nh x;h gS rFkk fuxe dh osclkbV www.nhdcltd.co.in ij Hkh yxk;h x;h gSA11- vkpj.k lafgrk %

fuxe us funs'kdksa rFkk ofj"B izcU/ku ds fy, dkjksckj dh vkpj.k ,oa uhfr lafgrk cukbZ gS ftls fuxe dh osclkbVwww.nhdcltd.co.in ij iznf'kZr fd;k x;k gSA funs'kd e.My ds lHkh lnL;ksa rFkk izeq[k vf/kdkfj;ksa us vkpj.k dh vuqikyudh iqf"V dh gSA lEcfUèkr ?kks"k.kk,sa bl fjiksVZ ds lkFk layXu gSA12- vuqikyu izek.k&i= %

;g fjiksVZ] lkoZtfud {ks= ds miØeksa ds fy, funsZf'kdkvksa] uSxfed vfHk'kklu ij tkjh ekxZ funsZ'kksa dk ;FkkokafNr]fofèkor~ vuqikyu djrh gSa rFkk mldh ekxZ funZsf'kdkvksa ds vuqyXud&VII esa mfYyf[kr lHkh lq>koksa dks lfEefyr djrh gSAlkoZtfud m|e foHkkx }kjk fufnZ"V uSxfed vfHk'kklu ds vuqikyu dh frekgh fjiksVZ iz'kklfud ea=ky; dks fu;fer :i lsHksth x;h gSA dsUnzh; lkoZtfud {ks= ds miØeksa ds fy, uSxfed vfHk'kklu ij ekxZ funsZf'kdkvksa dh 'krksZa ds vuqikyu ds lEcUèkesa is'ksoj dEiuh lfpo ls izkIr izek.k&i= bl fjiksVZ ds lkFk layXu gSA

37

(v.) The corporation is complying with all the requirements of the Guidelines on Corporate Governance

for CPSEs except the appointment of independent Directors, for which a request has been sent to

the Administrative Ministry for the needful. As regards, the Remuneration Committee, the same has

been explained above.

(vi.) The Presidential directives issued by the Government of India has been complied by the corporation

during the year and also during the last 3 years.

(vii.) During the year, no expenditure has been debited in the books of accounts which are not for the

purposes of business.

(viii.) During the year, no expenses which are of personal nature have been incurred for the Board of

Directors and top management.

(ix.) Administrative and Office Expenses during the year is 11.01% of the total expenses as against

14.92% last year. Further, the Financial Expenses are negligible, since corporation is a debt free

corporation.

7. MEANS OF COMMUNICATION:The entire paid up share capital of the corporation is held by the Government of India. The Annual report

including annual accounts of the corporation are sent to the Government of India and also placed on the

website www.nhdcltd.co.in of the corporation.

8. AUDIT QUALIFICATIONS:

The comments on accounts for the year ended 31st March, 2013 by the Comptroller & Auditors General of

India under section 619(4) of the Companies Act 1956 are placed in the Annual report.

9. TRAINING OF BOARD OF DIRECTORS:The corporation furnishes a set of documents in a folder form to the directors on their joining the Board. This

includes important data about the functioning and performance of the corporation, Code of Business Conduct

& Ethics for the Board members, Corporate Governance Guidelines etc.

10. WHISTLE BLOWER POLICY:The corporation has laid down a Whistle Blower Policy duly approved by the Board. The policy has been

circulated to all the employees of the corporation and also placed on the website www.nhdcltd.co.in of the

corporation.

11. CODE OF CONDUCT:

The corporation has laid down the Code of Conduct & Business Ethics for the Board members and senior

management of the corporation. A copy of the Code is displayed on the website www.nhdcltd.co.in of the

corporation. All the Board members and key officers have affirmed their compliance to the code. A declaration

to this effect is annexed to this report.

12. COMPLIANCE CERTIFICATE:

This report duly complies with the requirements of the Guidelines on Corporate Governance for CPSEs

and covers all the suggested items mentioned in the Annexure - VII of the Guidelines. The quarterly/

annual reports on the compliance with the Corporate Governance requirements prescribed by the

DPE are also sent to the Administrative Ministry regularly/ timely. The certificate obtained from the

Practicing Company Secretary regarding compliance to the conditions of guidelines on Corporate

Governance for CPSEs has been annexed to the report.

38

uSxfed vfHk'kklu izek.k&i=

lsok esa]lHkh lnL;]jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM10oka ry] fodklnhi] 22 LVs'ku jksM] y[kuÅ&226 001

a geus Hkkjh m|ksx rFkk lkoZtfud miØe ea=ky;] Hkkjr ljdkj ds lkoZtfud m|e foHkkx }kjk dsUnzh; lkoZtfud m|eksads fy,] uSxfed vfHk'kklu gsrq tkjh ekxZfunsZf'kdk,sa 2010 ¼ftls vkxs ekxZfunsZf'kdk;sa dgk x;k gSA½ esa vuqc) 'krksZa] ftlsvuqyXud esa n'kkZ;k x;k gS] ds vuqlkj 31 ekpZ 2013 dks lekIr o"kZ esa] jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ¼ftls vkxsfuxe dgk x;k gS½ }kjk uSxfed vfHk'kklu dh 'krksZa ds vuqikyu dk ijh{k.k fd;k gSAA

uSxfed vfHk'kklu dh 'krksZa ds vuqikyu dk mRrjnkf;Ro izcU/ku dk gksrk gSA gekjk ijh{k.k mijksDrkuqlkj fn'kk funZs'kksaesa vuqc) uSxfed vfHk'kklu dh 'krksZa ds vuqikyu dks lqfuf'pr djus gsrq fuxe }kjk viuk;h x;h izfØ;kvksa rFkk mudsfØ;kUo;u rd lhfer FkkA ;g uk rks fuxe ds foRrh; fooj.k ij gekjk er gS u gh ys[kk ijh{kk gSA

gekjh jk; esa rFkk gesa miyC/k djk;h x;h tkudkjh o Li"Vhdj.k ds vk/kkj ij ge ,rn~}kjk ;g izekf.kr djrs gSa fdfuxe }kjk mfYyf[kr ekxZfunsZf'kdkvksa esa vuqc) uSxfed vfHk'kklu dh 'krksZa dk vuqikyu fd;k x;k gS] flok; lEcfU/kr ea=ky;}kjk i;kZIr la[;k esa Lora= funs'kdksa dh fu;qfDr u fd;s tkus ds dkj.k] funs'kd e.My] ys[kk lfefr rFkk ikfjJfed lfefr dkxBu rFkk tksf[ke izcU/ku ;kstuk dk izkfo/kku ugha fd;k x;k gSA

gesa vkxs ;g dguk gS fd ;g vuqikyu u rks fuxe dh Hkfo"; dh lEHkkoukvksa dk u gh mldh dk;Z{kerk o izHkko]ftlds lkFk izcU/ku }kjk fuxe dk O;olk; pyk;k x;k gS] dk vk'oklu gSA

d`rs vfer xqIrk ,.M ,lksfl;sV~ldEiuh lfpogLrk{kj(vfer xqIrk)ekfydlh ih la[;k 4682fnukad & 20-08-2013LFkku & y[kuÅ

39

CORPORATE GOVERNANCE CERTIFICATE

To,

The Members,

National Handloom Development Corporation Limited,

10th Floor, ‘Vikas Deep’, 22-Station Road, Lucknow : 226 001.

We have examined the compliance to the conditions of Corporate Governance by National Handloom

Development Corporation Limited, (hereinafter referred as ‘the corporation’) for the year ended on 31st

March, 2013 as stipulated in the ‘Guidelines on Corporate Governance for Central Public Sector Enterprises,

2010’ of Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government

of India and annexure mentioned there under (hereinafter referred as ‘Guidelines’).

The compliance to the conditions of corporate governance is the responsibility of the Management. Our

examination was limited to the procedures and implementation thereof, adopted by the Corporation for

ensuring the compliances to the conditions of Corporate Governance as stipulated in above mentioned

guidelines. It is neither an audit nor an expression of opinion on the financial statement of the Corporation.

In our opinion and to the best of our information and according to the explanations given to us, we hereby

certify that the Corporation has complied with the conditions of Corporate Governance as stipulated in the

above mentioned Guidelines except the provisions regarding composition of Board, Audit Committee and

remuneration committee due to non-appointment of adequate number of Independent Directors by the

concerned Ministry & risk management plan.

We further state that such compliances is neither an assurance as to the future viability of the Corporation

nor the efficiency or effectiveness with which the Management has conducted the affairs of the Corporation.

For Amit Gupta & Associates

Company Secretaries

Sd/-

(Amit Gupta)Proprietor

CP no.4682

Date: 20/8/2013

Place: Lucknow

40

foRrh; o"kZ 2012&13 ds nkSjku funs'kd e.My ds lnL;ksa rFkk ofj"B izca/ku }kjk] vkpj.klafgrk ds vuqikyu ds lEcU/k esa izcU/k funs'kd }kjk dh x;h /kks"k.kk

eSa] losZiYyh Jhfuokl] izcU/k funs'kd] jk"Vªh; gFkdj?kk fodkl fuxe fy- ,rn~}kjk ;g ?kks"k.kk djrk gw¡ fd funs'kd e.My

ds lHkh lnL;ksa rFkk fuxe ds ofj"B izcU/ku us foRrh; o"kZ 2012&13 ds nkSjku O;kikj vkpkj lafgrk rFkk uSfrdrk ds vuqikyu

dh iqf"V dh gSA

gLrk{kj(losZiYyh Jhfuokl)

izcU/k funs'kdLFkku % y[kuÅfnukad % 09-07-2013

41

Declaration by the Managing Director regarding Compliance with the Code of

Conduct by the Board Members and Senior Management during the Financial

Year 2012-13.

I, Sarvepalli Srinivas, Managing Director, National Handloom Development Corporation Limited, do hereby

declare that all the Members of the Board of Directors and the Senior Management Team of the corporation

have affirmed their compliance to the Code of Business Conduct and Ethics of the Corporation during the

FY 2012-13

Sd/-(Sarvepalli Srinivas)

Managing Director.

Place: LucknowDated: 09.07.2013

42

funs'kdksa ds izfrosnu dk vuqyXudizcU/k fopkj foe'kZ ,oa fo'ys"k.k izfrosnu

1- gFkdj?kk ifjn`";Hkkjrh; vFkZO;oLFkk esa gFkdj?kk {ks= dk vf}rh; LFkku gSA gFkdj?kk dyk ,d ih<+h ls nwljh rd gLrkUrfjr gksrs gq,

vkt Hkh thfor gSA gFkdj?kk cqukbZ Hkkjr ds lcls cMs vkfFkZd dk;Zdykiksa esa ls ,d gS] tgka cM+h la[;k esa yksxksa dks [kkl rkSjij xzkeh.k {ks=ksa esa jkstxkj miyC/k gSA gFkdj?kk tux.kuk 2009&10 ds vuqlkj gFkdj?kk {ks= esa 43-4 yk[k cqudjksa dks jkstxkjfeyk gqvk gSA ftlesa ls 35% va'kdkfyd cqudj gSaA tux.kuk ls ;g irk pyrk gS fd cM+h la[;k esa cqudjksa ds ifjokj lektds oafpr rcds esa 'kqekj gSa 10% cqudj vuqlwfpr tkfr] 18% vuqlwfpr tutkfr rFkk 45% vU; fiNM+s oxksZa ds gSaA 87%

cqudjksa ds ifjokj xzkeh.k ifjokj gSA bl {ks= dh 'kfDr mlds vuwBsiu yphysiu] uohurk ds izfr [kqysiu] xzkgdksa dh t:jrksadks Lohdkjus rFkk viuh ijEijk esa fufgr gSA

gFkdj?kk fodkl vk;qDr ds dk;kZy; }kjk gFkdj?kk {ks= ds fodkl ds fy, dbZ dk;ZØe o ;kstuk,sa ykxw dh x;h gSa orZekuesa ykxw ;kstuk,sa bl izdkj gSA ¼i½ l?ku gFkdj?kk fodkl ;kstuk ¼ii½ gFkdj?kk cqudj O;kid dY;k.k ;kstuk ¼iii½ foi.ku o fu;kZrlac/kZu ;kstuk ¼iv½ fey xsV ewY; ;kstuk ¼v½ fofo/khd`r gFkdj?kk fodkl ;kstuk rFkk ¼vi½ gFkdj?kk {ks= ds iquthZou] lq/kkjo iqufuekZx iSdstA

o"kZ 2012&13 esa 'kq: fd, x, u, dk;Z

gFkdj?kk {ks= ds fy, iquthZou] lq/kkj o iquZfuekZ.k iSdst

vkjvkjvkj iSsdst esa ik= gFkdj?kk lgdkjh lfefr;ksa rFkk i`Fkd&i`Fkd cqudjksa ij 31 ekpZ 2010 rd ds iqjkus _.ko C;kt esa ,d ckj dh ekQh ¼ewy /ku ij 100% rFkk C;kt ij 25%½ lfEefyr gSA bl iSdst thou {ke rFkk lEHkkforthou{ke gFkdj?kk lgdkjh lfefr;k¡ dk iquiwZathdj.k] gFkdj?kk lgdkjh lfefr;ksa rFkk cqudjksa dks izR;sd u, _.k ij 03 o"kZds fy, 3% C;kt vuqnku ds }kjk NwV ls doj] rFkk u;k vuqnkfur _.k] tksfd _.k xkjUVh rFkk gFkdj?kk cqudj lgdkjhlfefr;ksa ds fy, foRrh;] fof/kd rFkk laLFkkxr ÝsaeodZ esa lq/kkj ds lfgr gS] lfEefyr gSA

gFkdj?kk {ks= ds fy, laLFkkxr <kapk

Hkkjr ljdkj us fnlEcj o"kZ 2011 esa ßgFkdj?kk {ks= ds fy, laLFkkxr _.kÞ ds u, la?kVd dks vuqeksfnr fd;k gS rkfdcSadksa ls vuqnkfur _.k izkfIr dk ekxZ [kqy ldsA cqudjksa dks cqudj ØsfMV dkMZ tkjh fd, x, gS rFkk Hkkjr ljdkj izR;sd cuqdjdks #- 4200@& ekftZu /kujkf'k lgk;rk] cSadksa }kjk fn, x, _.k ij 03 o"kZ rd 03% vuqnku rFkk CGTMSE ds ek/;els bl _.k ij 3 o"kksZa dh _.k xkjUVh ns jgh gSA

mDr ds vykok Hkh foRr ea=h us ctV vfHkHkk"k.k 2013&14 esa gFkdj?kk {ks= ds fy, 06% dh nj ls _.k dh ?kks"k.kkdh gSAesxk DyLVj

04 esxk gFkdj?kk DyLVj] ftudk dk;kZUo;u@fodkl gks jgk gS ds vfrfjDr vkU/kz izns'k ds izkdkle rFkk xqUVwj ftysesa rFkk nwljk >kj[k.M ds xksM~Mk rFkk lehiorhZ ftyksa esa nks vkSj esxk DyLVj Lohd`r fd, x, gSaA

43

ANNEXURE TO DIRECTORS’ REPORT

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

1. HANDLOOM SCENARIO:

The handloom sector has a unique place in the Indian economy. It has been sustained by transferring of

skills from one generation to another. Handloom weaving is one of the largest economic activities in India

providing large scale employment to weavers mostly from rural areas. As per handloom census 2009-10,

about 43.4 lakh persons are employed in the handloom sector, out of which nearly 35% are part time

weavers. The census also shows that a large population of weavers’ households belongs to disadvantaged

strata of society, 10% of weavers belong to schedule castes, 18% belong to schedule tribes and 45%

belong to other backward classes. Around 87% weaver households are rural households. The strength of

the sector lies in its uniqueness, flexibility of production, openness to innovations, adaptability to the

customer’s requirement and the wealth of its tradition.

The Office of the Development Commissioner for Handlooms has been implementing various schemes

and programmeas for the development of handlooms sector. The schemes currently under implementation

are – (i) Integrated Handloom Development Scheme; (ii) Handloom Weavers Comprehensive Welfare

Scheme; (iii) Marketing & Export Promotion Scheme; (iv) Mill Gate Price Scheme; (v) Diversified Handloom

Development Scheme, and (vi) Revival, Reform and Restructuring (RRR) package for handloom sector

New initiatives taken during 2012-13

Revival, Reform and Restructuring (RRR) package for handloom sector

The RRR package included one-time waiver of overdue loans and interest (100% principal and 25% of

interest) of eligible handloom cooperative societies and individual weavers as on 31st March, 2010,

recapitalization of viable and potentially viable handloom cooperative societies, provision of fresh subsidized

credit to handloom cooperative societies and weavers covered by waiver by providing interest subsidy of

3% for a period of 3 years for each fresh loan with credit guarantee and reform of the financial, legal and

institutional framework for the handloom weaver cooperative societies.

Institutional Credit for the handloom sector :

The Government of India in December, 2011 approved a new component of “Institutional Credit for handloom

sector” to ensure access to subsidized credit from banks. The weavers are issued Weavers credit card

and Government of India provide margin money assistance @ Rs.4,200/- per weaver, 3% interest subsidy

for 3 years on loans extended by banks, and credit guarantee to such loans for 3 years through CGTMSE.

Further, Finance Minister in his budget speech for 2013-14, has announced loan to handloom sector at 6%

interest rate.

Mega Clusters-

In addition to 4 mega handloom clusters which are under implementation/ development, further two more

mega clusters - One at Prakasam and Guntur districts in Andhra Pradesh and the other at Godda and

neighbouring districts in Jharkhand have been sanctioned.

44

u, cqudj lsok dsUnzvHkh rd ns'k ds fofHké Hkkxksa esa 25 cqudj lsok dsUnz] gFkdj?kk cqudjksa dks rduhdh lgk;rk igqapkus ds fy, py jgs

gSa rFkk vc ctV ?kks"k.kk 2012&13 ds vuqlkj] fetksje] ukxkyS.M rFkk >kj[k.M esa ,d ,d cqudj lsok dsUnz LFkkfir fd,tk jgs gSaA

mi;qZDr mik;ksa ls gFkdj?kk lgdkjh lfefr;ksa rFkk i`Fkd i`Fkd cqudjksa ds u dsoy foRrh; thou {kerk o iqufuekZ.k esalq/kkj gksxk cfYd cqudj lfefr;ksa o cqudjksa ds fy, dk;Z'khy iwath gsrq _.k dh i;kZIr miyC/krk Hkh lqfuf'pr gksxhA

2- 'kfDr ,oa nqcZyrk,as %vius 05 {ks=h; dk;kZy;ksa] 2 tksuy dk;kZy;ksa rFkk 33 'kk[kk dk;kZy;ksa ds ek/;e ls ns'k ds 29 jkT;ksa@dsUnz 'kkflr izns'kksa

esa fuxe dk jk"Vªh; usVodZ gSA gFkdj?kk {ks= esa vU; fdlh laLFkk dk ns'k esa bruk foLr`r usVodZ ugha gSA yPNh lwr dh njksa dkslUrqfyr j[kus ds fy, dks lwr cktkj ij izkbosV O;kikfj;ksa dk ,dkf/kdkj lhfer djus esa] fuxe dh mifLFkfr] cktkj esa gLr{ksi dk,d izHkkoh gfFk;kj gSA fuxe ,d ,sls vlaxfBr {ks= ftlesa xjhc dkjhxj@gFkdj?kk cqudj tks mRd`"V Hkkjrh; laLd`frd fojklro ijEijkxr ewY;ksa ds oL=ksa dks mRiknu djrs gSa] dh lsok dj lkekftd mRrjnkf;Ro dk ,d viwoZ dk;Z dj jgk gSA

vkxkeh dqN o"kksZa esa fuxe esa fofHké Lrjksa ds dbZ deZpkjh lsokfuo`Ùk gks tk,saxs ftlds QyLo:i cuus okys 'kwU; dksHkjus ds fy, fuxe us u dsoy e/;orhZ dfeZ;ksa dks mPprj nkf;Ro ogu djus gsrq izf'kf{kr@vuqdwy cukus dh ;kstuk cuk;hgS cfYd izkjfEHkd o ofj"B Lrj ij vko';drkuqlkj u;h HkfrZ;k¡ Hkh dh tk jgh gSaA foxr 10 o"kksZa esa 2010&11 ls igys u;hHkfrZ;k¡ ux.; gSaaA vk'kk gS laxBukRed vuqHko j[kus okys fuorZeku dehZ o ckgjh vuqHko okys u;s dfeZ;ksa ds esy ls fuxe esau, tks'k dk lapkj gksxkA

3- lqvolj ,oa vk'kadk,as %fuxe vHkh gFkdj?kk {ks= ds dqy yPNh lwr mRiknu ds 20% ¼yxHkx½ dh vkiwfrZ dj jgk gSA tcfd dqy yPNh lwr

mRiknu dh 80% [kir djus okys vuNq,s gFkdj?kk {ks= rd igqap cukdj dkjksckj c<+kus dh O;kid lEHkkouk,sa gSaA bl lEcUèkesa u;h laLFkkvksa esa o`f) ds }kjk dojst c<+kus ds iz;kl fd, tk jgs gSaA

lwr cktkj ,d iw.kZ fodflr cktkj gS tgka futh O;kikfj;ksa ls izfr;ksfxrk djuh gksrh gS tks fd cktkj esa HkyhHkkafr izfrf"BrgSa rFkk cqudjksa ds fy, muds ikl csgrj _.k o vU; lqfoèkk,as gSaA buls izfr;ksfxrk djus ds fy, fuxe] eq[;ky; Lrj ij lwrdh njksa dks eaxkrk gS rFkk ml ij eksy&Hkko dj o`gr ek=k dh [kjhn dj NwV izkIr djrk gS rkfd gFkdj?kk cqudjksa dks ogizfr;ksxh@U;wure njksa ij lwr vkiwfrZ dj ldsA ;g njsa fuxe dh osclkbV ij Hkh ekfld vk/kkj ij nh tkrh gSa rkfd gFkdj?kkcqudj laLFkk,as bUgsa ns[k@tku ldsaA ifj.kkeLo:i csgrj ikjnf'kZrk cuh jgrh gSA

4- nqf"Vdks.k %fuxe dks fo'okl gS fd og fujUrj mUufr dh vksj vxzlj jgrs gq, o"kZ izfr o"kZ u;h ÅapkbZ;k¡ izkIr djsxkA viuh

fLFkfr dks etcwr cuk, j[kus ds fy, fuxe viuh 'kfDr;ksa vkSj nqcZyrkvksa dk vkdyu djrk jgrk gS rFkk mlds vuqlkj viuhO;kikj ;kstuk rS;kj djrk gS ftlls mUufr ds u, voljksa dks igpku djus esa l{ke jgsxkA

5- {ks=okj rFkk mRiknu okj dk;Zfu"iknu %gFkdj?kk {ks= dsk vkiwfrZ fd;k tkus okyk eq[; dPpk eky] lwr gS rFkk ;gh fuxe ds dkjksckj dk Hkh eq[; {ks= gSA o"kZ

45

New Weavers Service Centers

At present, 25 Weavers Service Center are running in different parts of the country for providing technical

support to the Handloom weavers. Now, as per the budget announcement of the year 2012-13, 3 new

WSCs are being set up, one each in Mizoram, Nagaland and Jharkhand.

The above steps would not only improve the financial viability and re-structuring of handloom cooperative

societies & individual weavers but also ensure adequate flow of credit for working capital to weaver’s

societies as well as weavers.

2. STRENGTH AND WEAKNESSES:

Corporation has a national network having presence in 29 States/ Union Territories through 5 Regional

Offices, 2 Zonal Offices and 33 Branch Offices. No other body in the handloom sector has such a wide

presence in the country. The presence of the corporation serves as an effective tool to intervene the market

so as to restrict the monopolistic character of the private traders, in order to keep the hank yarn rates within

a reasonable level. Corporation serves a noble cause of social responsibility by catering to a sector, which

consists of poor artisans/ handloom weavers in unorganised sector, engaged in the production of items of

high cultural heritage and traditional value of Indian culture.

Quite a few numbers of employees are going to superannuate at various levels in the next few years. To fill

the vacuum that may be created by the superannuation of the employees at various levels, corporation has

planned not only to train/ gear up its middle level executives to take up the higher responsibilities but also

making fresh recruitments at the induction level as well as senior levels depending upon the requirements.

During the last 10 years prior to the year 2010-11, the recruitment of fresh employees is negligible. It is

hoped that the fresh recruitment will imbibe new blood in the corporation with a better mix of existing

employees having organisational experience and new employees with outside experience.

3. OPPORTUNITIES AND THREATS:

Presently, the corporation is catering to 20% (approximately) of the total hank yarn production to the handloom

sector and there is a large scope to expand the business by reaching the untapped handloom sector

consuming 80% of the total hank yarn production. In this regard the efforts are being made to increase the

coverage by accessing new agencies.

The yarn market is well developed and there is a competition with the private traders which are already well

established and offer comparatively better credit and other services to the weavers. To combat the same,

the corporation is obtaining and negotiating the yarn rates centrally at head office for bulk quantity discounts

with a view to provide yarn to the handloom weavers at competitive/ lowest rates. Rates are placed on the

corporation’s website as well on monthly basis for access by the handloom weavers’ agencies, resulting in

better transparency.

4. OUTLOOK:

The corporation believes that it will continue to be on its growth platform achieving new heights year by year.

To further strengthen its position the corporation keep re-assessing its strengths and weaknesses and

preparing its business plan accordingly which shall enable the corporation to identify its new growth area.

5. SEGMENT-WISE AND PRODUCT WISE PERFORMANCE:

Yarn, being the main raw material supplied to the handloom sector continues to be the highest contributor

46

2011&12 esa fuxe ds dqy dkjksckj esa lwr vkiwfrZ dk ;ksxnku 98-19% Fkk tks 2012&13 esa c<+dj 98-39% gks x;k gSAjax o jlk;u vkiwfrZ ls lEcfU/kr dkjksckj o"kZ 2011&12 esa 1-66% ls ?kVdj 2012&13 esa 1-52% jg x;k gSA fuxe dsdk;Zlapkyu dk [k.Mokj fo'ys"k.k fuEuor gS & ¼#- djksM+½

Øe la-Øe la-Øe la-Øe la-Øe la- {ks=@mRikn{ks=@mRikn{ks=@mRikn{ks=@mRikn{ks=@mRikn 2012&132012&132012&132012&132012&13 2011&122011&122011&122011&122011&12

dkjksckjdkjksckjdkjksckjdkjksckjdkjksckj izfr'krizfr'krizfr'krizfr'krizfr'kr dkjksckjdkjksckjdkjksckjdkjksckjdkjksckj

1- lwr 1353-29 98-39% 1081-12 98-19%

2- jax o jlk;u 20-90 1-52% 18-33 1-66%

3- oL= 1-28 0-09% 1-62 0-15%

dqydqydqydqydqy 1375-471375-471375-471375-471375-47 100-00100-00100-00100-00100-00% 1101-071101-071101-071101-071101-07 100-00100-00100-00100-00100-00%

6- vkUrfjd fu;U=.k iz.kkyh o mldh i;kZIrrk %fuxe }kjk vius vkdkj ds leuq:i vkUrfjd fu;U=.k iz.kkyh fodflr dh x;h gSA vkUrfjd fu;U=.k dks vf/kd

izHkkoh cukus ds fy, O;kid vkUrfjd ys[kk ijh{kk fu;ekoyh ds vfrfjDr vkUrfjd ys[kk ijh{kdksa dsk le;&le; ijvko';drkuqlkj u, tkap fcUnqvksa dk lq>ko Hkh fn;k tkrk gSA fuxe dh vkarfjd ys[kk ijh{kk] fuxe ds vkrafjd ijh{kk nyrFkk ckgjh Lora= pkVsZM ,dkmUVsV }kjk dh tkrh gSA ys[kk ijh{kk lfefr ds fu.kZ;kuqlkj izR;sd o"kZ {ks=h; dk;kZy;ksa dh ys[kk ijh{kk]vkUrfjd ys[kk ijh{kk foax rFkk ckgjh foax }kjk ckjh&ckjh ls dh tkrh gS ys[kk ijh{kk lfefr }kjk vkfof/kd :i ls vkUrfjdys[kk ijh{kk rFkk ys[kk ijh{kk iz.kkyh dh leh{kk dh tkrh gS rFkk fujUrj lq/kkj ds fy, tgka vko';d gS ogka lq/kkj ds mik; fd,tkrs gSaA

7- dk;Z lapkyu ds lEcU/k esa foRrh; fu"iknu ij ppkZ %foxr o"kZ dh rqyuk esa fuxe ds VuZ vksoj esa 25% c<ksRrjh gq;h gS ;g foRrh; o"kZ 2011&12 esa #- 1101-07 djksM+

Fkk tks fd foRrh; o"kZ 2012&13 esa #- 1375-47 djksM+ gks x;k gSAVuZvksoj esa c<+ksRrjh ds dkj.k] dj iwoZykHk esa 150% dh c<+r gq;h gS ;g foRrh; o"kZ 2011&12 esa #- 4-12 djksM+

Fkk tks fd foRrh; o"kZ 2012&13 esa c<+dj #- 10-32 djksM+ gks x;k gS rFkk dj i'pkr 'kq) ykHk esa 147% dh o`f) gqbZ gStks fd foRrh; o"kZ 2011&12 esa #- 2-82 djksM+ Fkk rFkk ;g foRrh; o"kZ 2012&13 esa #- 6-97 djksM+ gks x;k gSA fuxe dk'kq) ewY; foRrh; o"kZ 2011&12 ds 35-08 djksM+ ls c<+dj foRrh; o"kZ 2012&13 esa #- 40-22 djksM+ gks x;k gSA

fuxe ds iwathxr <kaps esa dksbZ ifjorZu ugha gqvk gS o"kZ 2012&13 esa iznRr iwath #- 19 djksM+ ds izfr #- 100@&ds 19 yk[k bfDoVh 'ks;j gSaA pwafd fuxe lkekftd mís'; ds fy, dke dj jgk gS] vr% mlus bfDoVh ds 7-42% ewY; ds#- 1-41 djksM+ ds ykHkka'k dh laLrqfr dh gS rFkkfi ykHkka'k] 'kq) ykHk dk 20-22% gSA

lkoZtfud m|e C;wjks }kjk fuxe dks o"kZ 2011&12 esa ^mRre* Js.kh nh x;h gSA ;|fi le>kSrk Kkiu ¼,evks;w½ewY;kadu ekid ds vk/kkj ij o"kZ 2012&13 gsrq fuxe ds dk;Zfu"iknu dks ^mRd`"V* Js.kh esa ekuk x;k gSA

;g vR;Ur lUrks"k dk fo"k; gS fd fuxe ,d _.keqDr fuxe gS rFkk viuh dk;Z'khy iwath dk vo';drk dks viusvkUrfjd lalk/kuksa ls iwjk djus esa l{ke gSA

%

47

to the turnover of the corporation. Its contribution has increased marginally from 98.19% of the total turnover

of the corporation during the year 2011-12 to 98.39% during the year 2012-13. The percentage share of the

dyes and chemicals has declined from 1.66% during the year 2011-12 to 1.52% during the year 2012-13.

The segment wise analysis of the operations of the corporation is placed herein below:

(Rs. in crore)

S.No. Segment/ product 2012-13 2011-12

Turnover Percentage Turnover Percentage

1. Yarn 1353.29 98.39% 1081.12 98.19%

2. Dyes & chemicals 20.90 1.52% 18.33 1.66%

3. Fabric 1.28 0.09% 1.62 0.15%

Total 1375.47 100.00% 1101.07 100.00%

6. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The corporation has evolved a system of internal control commensurate with the size of the corporation. In

order to make the internal control more effective, besides comprehensive internal audit manual, the new

check points are also advised to the internal auditors from time to time on need basis. The internal audit of

the corporation is conducted by the internal audit team of the corporation as well as outside independent

Chartered Accountants. As per the decision of the Audit Committee, the regional offices of the corporation

are audited by the internal audit wing and outside Chartered Accountants alternatively every year. The

internal control and audit systems are being reviewed periodically by the Audit Committee and corrective

measures are taken, wherever necessary, for continuous improvement.

7. DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL

PERFORMANCE:

The turnover of the corporation has gone up by 25% over the previous year from Rs. 1101.07 crore in the

FY 2011-12 to Rs. 1375.47 crore in the FY 2012-13.

The profit before tax has gone up by 150% from Rs. 4.12 crore in the FY 2011-12 to Rs. 10.32 crore in the

FY 2012-13 and the net profit after tax has gone up by 147% from Rs. 2.82 crore in the FY 2011-12 to Rs.

6.97 crore in the FY 2012-13 on account of increase in turnover. The net worth of the corporation has gone

up from Rs. 35.08 crore in the FY 2011-12 to Rs. 40.22 crore in the FY 2012-13.

The capital structure of the corporation remained unchanged with the paid up capital of Rs.19 crore divided

into 19 lac equity share of Rs.100/- each in the FY 2012-13. Since the corporation has been working with

social objective, it has recommended a dividend of Rs.1.41 crore being 7.42% of equity. However, the

dividend pay out as a percentage of Net Profit comes to 20.22%.

The performance of the Corporation has been rated as ‘Good’ by the Department of Public Enterprise

(DPE) for the year 2011-12. However, for the year 2012-13, the performance of the corporation qualifies

‘Excellent’ rating based on the Memorandum of Understanding (MOU) measurement criteria.

It is a matter of great satisfaction that the corporation is a debt free corporation and is able to manage its

entire working capital requirement from its internal resources.

48

8- fu;ksftr O;fDr;kas dh la[;k lfgr ekuo lalk/ku fodkl %fuxe dk iwjk /;ku vius dkfeZ;ksa dh dk;Z{kerk ij dsfUnzr jgrk gSA fuxe dfeZ;ksa dh dk;Zdq'kyrk esa o`f) ds fy,

rduhdh] izcU/kdh; rFkk lwpuk izkS|ksfxdh ij fofHké dk;ZØeksa dk vk;kstu fd;k x;kA o"kZ 2012&13 ds nkSjku] fofHkéizf'k{k.k@xksf"B;ksa esa fuxe ds 79 ¼foxr o"kZ 64 dehZ½ dkfeZdksa dks ukfer fd;k x;kA

31 ekpZ] 2013 dks fuxe ds dqy dfeZ;ksa dh la[;k 199 ¼foxr o"kZ 203½ gSA o"kZ ds nkSjku dfeZ;ksa ds lkFk lEcU/kln~Hkko ,oa lkSgknZiw.kZ jgsA

9- uSxfed lkekftd mRrjnkf;Ro (lh ,l vkj) %fuxe }kjk o"kZ 2012&13 ds nkSjku lkoZtfud m|e foHkkx ds funsZ'kksa ds vuqlkj uSxfed lkekftd mRrjnkf;Ro ;kstuk

tkjh j[kh x;hA ftlds varxZr fetksje] fgekpy izns'k] mRrjkapy rFkk vle] ef.kiqj fgekUpy izns'k] mRrjkapy rFkk vka/kzizns'kds xjhch js[kk ls fupys Lrj ¼ch ih ,y½ ds cqudjksa dks Øe'k% fu%'kqYd 'kq:vkrh dPps eky ds lkFk 25 gFkdj?ks rFkk 310lgk;d midj.k dk forj.k fd;k x;kA fuxe us mDr lh ,l vkj dk;ksZa ij o"kZ ds nkSjku #- 9-95 yk[k ¼foxr o"kZ #- 13-76 yk[k½ O;; fd,A

10- lpsrd fooj.k %izcU/ku fopkj&foe'kZ ds fooj.k rFkk fuxe ds mís';ksa] iz{ksi.kksa rFkk izR;k'kkvksa dk o.kZu djrs gq, nh x;h fo'ys"k.k fjiksVZ]

fof/k fofu;eu ds iz;ksT; vFkZ esa ^Hkkoh izR;k'kk dk oDrO;* gks ldrh gSA buesa vfHkO;Dr fd, x, vFkok miyf{kr fd, x,fooj.k ls okLrfod ifj.kke dkQh fHké gks ldrs gSaA fuxe ds dk;Zlapkyu dks izHkkfor dj ldus okyh ifjfLFkfr;ksa esa Hkkjr dhjktuSfrd rFkk vkfFkZd fLFkfr;ksa rFkk gFkdj?kk dk;Zdykiksa esa Hkkjh myVQsj ftuds dkj.k fof/kd dk;Zokgh dh vko';drk iM+s 'kkfeygSaA

49

8. DEVELOPMENT IN HUMAN RESOURCE INCLUDING NUMBER OF PERSONSEMPLOYED:

Employees’ efficiency has been the key focus of the corporation. Various training programmes in technical,

managerial and IT areas are organized for upgrading the skills of the employees of the corporation. Total 79

employees (Previous year - 64 employees) have been nominated for different types of trainings/ seminars

during the year 2012-13.

Total no. of employees of the corporation as on 31st March, 2013 is 199 (Previous year – 203 nos.).

Employees’ relation during the year remained harmonious and cordial.

9. CORPORATE SOCIAL RESPONSIBILITY (CSR):

Corporation has continued the CSR activity as per DPE guidelines during the year 2012-13, which include

distribution of 25 handlooms together with start up raw material (yarn) free of cost and 310 ‘Add on’

accessories/ equipments to the Below Poverty Level (BPL) handloom weavers in the states of Mizoram,

Himachal Pradesh, & Uttaranchal and Assam, Manipur, Himachal Pradesh, Uttaranchal & Andhra Pradesh

respectively. Corporation has spent Rs.9.95 lac (Previous year – Rs.13.76 lac) during the year for the said

CSR activity.

10. CAUTIONARY STATEMENT:

Statements in the Management Discussion and Analysis Report describing the corporation’s objectives,

projections and expectations may be ‘forward looking statements’ within the meaning of applicable laws

and regulations. The actual results may, however, differ substantially or materially from those expressed or

implied. Important developments that could affect the corporation’s operations include significant changes

in the political and economic environment in India that involves litigations and handloom activity in the

country.

50

ys[kk ijh{kdksa dk izfrosnulsok esa]

lnL;x.kjk"Vªh; gFkdj?kk fodkl fuxe fyfeVsMy[kuÅ

foRrh; fooj.kksa ij izfrosnu

geus jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] y[kuÅ ds layXu foRrh; fooj.kksa ftlds varxZr 31 ekpZ 2013 rdds fLFkfr i=d vkSj ml fnukad dks lekIr gq;h vof/k ds ykHk o gkfu ds ys[kksa rFkk udnh izokg ,oa egRoiw.kZ ys[kkuhfr;ksa dslkjka'k rFkk vU; O;k[;kRed lwpukvksa dh ys[kk ijh{kk dh gSA

05 {ks=h; dk;kZy;ksa ds ys[kksa dh ijh{kk ljdkj ds egkys[kk fu;a=d }kjk cuk, x, fofu/kku ds vuqlkj 'kk[kk ys[kkijh{kdksa }kjk dh x;h gSA eq[;ky; rFkk eq[;ky; ds lesfdr ys[kksa dh ijh{kk gekjs }kjk dh x;h gSA 'kk[kk ys[kk ijh{kdksa dsizfrosnuksa rFkk eq[;ky; esa miyC/k djk;h x;h tkudkjh vkSj ,sls vU; fooj.kksa dks Hkh /;ku esa j[kk x;k gSA

foÙkh; fooj.kksa gsrq izcU/ku dk mRrjnkf;Ro %&

bu foRrh; fooj.kksa dks rS;kj djus dk mRrjnkf;Ro izcU/ku dk gS tks fd dEiuh vf/kfu;e 1956 ¼vf/kfu;e½ dh èkkjk211 dh mièkkjk ¼3 lh½ esa lanfHkZr ys[kk ekidksa ds vuqlkj dEiuh ds foRrh; izokg rFkk foRrh; fu"iknu foRrh; fLFkfr dh lR;vkSj fu"i{k Nfo izLrqr djsaA bl mÙkjnkf;Ro esa foRrh; fooj.kksa dh rS;kjh ls lEcfU/kr :ijs[kk dk;kZUo;u rFkk vkarfjd fu;a=.kls lEcfUèkr vuqj{k.k lfEefyr gSa tks fd lR; vkSj fu"i{k] Nfo izLrqr djsa rFkk ;g xyr vkfFkZd fooj.kksa ls eqDr gSa tks fdèkks[ksckth ;k xyfr;ksa ds dkj.k gksrs gSaA

ys[kk ijh{kdksa dk mÙkjnkf;Ro %&

gekjk ;g mÙkjnkf;Ro gS fd bu foRrh; fooj.kksa ij tks fd gekjs }kjk dh x;h ys[kk ijh{kk ij vk/kkfjr gS] ds ckjs esavius fopkj O;Dr djsaA gekjs }kjk dh x;h ys[kk ijh{kk bULVhV~;wV vkQ pkVsZM ,dkmUVsUV~l vkQ bf.M;k }kjk fuxZr ys[kk ijh{kkekudksa ds vk/kkj ij dh x;h gSA bu ekudksa esa ;g okafNr gS fd ge uhfrijd vko';drkvksa dk vuqikyu djsa rFkk ys[kk ijh{kkdh ;kstuk rFkk mlds fu"iknu gsrq mfpr] vk'oklu dks izkIr djsa fd D;k foRrh; fooj.k xyr vkfFkZd fooj.kksa ls eqDr gSA

ys[kk ijh{kk esa foRrh; fooj.k dh /kujkf'k;ksa vkSj izdVhdj.k ls lEcfU/kr ys[kk ijh{kk] lk{; izkIr djus dh dkjZokghdh tkrh gSA izfØ;kvksa dk p;u ys[kk ijh{kdksa dk fu.kZ; gksrk gS ftlesa] foRrh; fooj.kksa ij vkfFkZd xyrc;kuh] pkgs os /kks[ksvFkok pwd ds dkj.k gq, gksa] ds tksf[ke dk ewY;k¡du djrs le; ys[kk ijh{kk] dEiuh dh foRrh; fooj.kksa dh rS;kjh rFkk lR;rS;kjh ls lEcfU/kr vkUrfjd fu;U=.k dk;Ziz.kkyh ij Hkh fopkj djrk gS rkfd ifjfLFkfr;ksa ds vuq:i ys[kk ijh{kk dk;Ziz.kkyh cuk;htk,A ys[kk ijh{kk esa izcU/ku }kjk iz;ksx dh x;h ys[kkuhfr;ksa dh mi;qDrrk rFkk ys[kk izkDyu ds vkSfpR;] lkFk gh lkFk foRrh;fooj.k ds lexz izLrqfrdj.k dk ewY;k¡du Hkh lfEefyr gSA

gesa fo'okl gS fd gekjh ys[kk ijh{kk er dks ,d vk/kkj miyC/k djkus ds fy, gekjs }kjk izkIr fd, x, ys[kk ijh{kklk{; i;kZIr rFkk leqfpr gSaA

51

AUDITOR’S REPORTTo,

The Members,National Handloom Development Corporation Limited,

Lucknow.

Report on the Financial Statements

We have audited the accompanying financial statements of National Handloom Development

Corporation Limited, Lucknow which comprise the Balance Sheet as at March 31, 2013, and the Statement

of Profit and Loss and Cash Flow Statement for the year ended on that date and a summary of significant

accounting policies and other explanatory information.

The Audit of Accounts of 5 Regional Offices has been carried out by the Branch Auditors in accordance

with the allocation made by the Comptroller and Auditor General of India (C& AG). We have carried out the

Audit of Head Office and Consolidation of Accounts at Head Office. Reports of Branch Auditors have been

taken into consideration together with other particulars and information made available to us by the Head

Office.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair

view of the financial position, financial performance and cash flows of the company accordance with the

Accounting Standards referred to in Sub – Section (3C) of section 211 of the Companies Act, 1956 (“ the

Act”). This responsibility includes the design, implementation and maintenance of internal control relevant

to the preparation of the financial 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 financial statements based on our audit. We

conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered

Accountants of India. Those Standards require that we comply with ethical requirements and plan and

perform the audit to obtain reasonable assurance about whether the financial statements are free from

material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures

in the financial statements. The procedures selected depend on the auditor’s judgment, including the

assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

In making those risk assessments, the auditor considers internal control relevant to the company’s preparation

and fair preparation of the financial statements in order to design audit procedures that are appropriate in

the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and

the reasonableness of the accounting estimates made by management, as well as evaluating the overall

presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis

for our audit opinion.

52

er %&gekjs er ls rFkk gekjh loksZRre tkudkjh vkSj gesa fn, x;s Li"Vhdj.kksa ds vqulkj foRrh; fooj.kksa ls izkIr lwpuk

tSlk fd vf/kfu;e }kjk visf{kr gS mlh Hkkafr nh x;h gS rFkk Hkkjr o"kZ esa Lohdk;Z ys[kk fl)kUrksa ds vuq:i lR; ,oa fu"i{kgSaA

v½ tgka rd 31 ekpZ 2013 dks fLFkfr i=d ls jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds dkjksckj ls lEcfU/kr gSAc½ tgka rd ml fnukad dh lekIr gq, o"kZ ds fy, ykHk o gkfu ds ys[kk fooj.k ls dEiuh ds ykHk lEcfU/kr gS vkSjc½ udnh izokg dk fooj.k ml fnukad dh lekIr gq, o"kZ ds fy, dEiuh ds udnh fooj.k ls lEcfU/kr gSaA

vU; dkuwuh rFkk fofu;ked vko';drkvksa ij izfrosnu1½ vf/kfu;e 227 dh mi/kkjk ¼4,½ ds izkfo/kkuksa ds vuqlkj Hkkjr ljdkj }kjk tkjh fd, x, vkns'k 2003 ¼vkns'k½ ¼ys[kk

ijh{kdksa dk izfrosnu½ ds vuqlkj ge mDr vkns'k ds vuqPNsn ¼4½ vkSj ¼5½ esa fofufnZ"V ekeyksa ij vuqyXud esa ,d fooj.klayXu djrs gSaA

2½ vf/kfu;e dh /kkjk 227¼3½ ds izkfo/kkuksa ds vuqlkj ge izfrosnu nsrs gSa %&geus og lHkh lwpuk;sa ,oa Li"Vhdj.k izkIr dj fy, gSa tks gekjh tkudkjh vkSj fo'okl ds vuqlkj gekjh ys[kkijh{kk gsrqvko';d FksAv½ geus og lHkh lwpuk;sa ,oa Li"Vhdj.k izkIr dj fy, gSa tks gekjh tkudkjh vkSj fo'okl ds vuqlkj gekjh ys[kk ijh{kk

gsrq vko';d gSAc½ gekjs er ls ,oa tSlk fd gekjs }kjk ys[kk cfg;ksa dk ijh{k.k fd;k x;k gS ml ds vuqlkj fuxe }kjk ;Fkkfof/k okafNr

ys[kk cfg;ksa dk mfpr j[k j[kko fd;k x;k gSAl½ bl fjiksVZ esa mfYyf[kr fLFkfr i=d ykHk@gkfu dk ys[kk vkSj udnh izokg fooj.k ys[kk cfg;ksa ls esy [kkrk gSAn½ gekjs er ls fLFkfr i=d ykHk@gkfu dk ys[kk vkSj udnh izokg fooj.k bl izfrosnu ls lEcfU/kr dEiuh vf/kfu;e

1956 dh /kkjk 211 ds vuqPNsn ¼3lh½ esa lanfHkZr vfuok;Z ys[kk ekudksa dks iwjk djrk gSA;½ fnukad 31 ekpZ] 2013 dh funs'kdksa ls izkIr fyf[kr izfrosnuksa ds vk/kkj ij rFkk ftUgsa funs'kdksa ds e.My }kjk

vfHkfyf[kr fd;k x;k gS] dEiuh vf/kfu;e 1956 dh /kkjk 274 dh mi/kkjk ¼1½ ds [k.M ¼th½ esa fufgr izkfo/kkuksa dsvuqlkj ftUgsa 31 ekpZ 2013 rd funs'kd ds :i esa fu;qDr fd;k x;k gS muesa ls dksbZ Hkh funs'kd v;ksX; ugha gSA

d`rs & ds- datkfj;k ,.M dEiuhpkVZsM ,dkmUVsUV~l

g0@&(deys'k dqekj)

lnL;rk la[;k 017510QeZ iathdj.k la[;k 000449lh

LFkku % y[kuÅfnukad % 27-7-2013

53

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the

financial 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:

a) In the case of the Balance Sheet, of the state of affairs of the National Handloom Development

Corporation Limited, Lucknow as at March 31, 2013;

b) in the case of the Statement of Profit and Loss, of the Profit for the year ended on that date; and

c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date;

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order, 2003 (“the order”) issued by the Central

Government of India in terms of Sub – section (4A) of Section 227 of the Act, we give in the Annexure a

statement on the matters specified in paragraphs 4 and 5 of the order.

2. As required by section 227(3) of the Act, we report that :

a. We have obtained all the information and explanations which to the best of 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 National Handloom

Development Corporation Limited, Lucknow, as far as appears from our examination of these

books

c. The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this

Report are in agreement with the books of accounts;

d. In our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement comply

with the Accounting Standards referred to in sub – section (3C) of section 211 of the Companies

Act, 1956;

e. On the basis of written representations received from the directors as on March 31, 2013, and taken

on record by the board of Directors, none of the Directors is disqualified as on March 31, 2013, from

being appointed as s director in terms of clause (g) of sub – section (1) of section 274 of the

Companies Act, 1956.

For K. Kanjaria & Co.

Chartered Accountants

Sd/-

(Kamlesh Kumar)

Partner

M.No. 017510

FRN 000449CPlace : Lucknow

Date : 27.07.2013

54

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds 31 ekpZ] 2013 dks lekIr o"kZ ds ys[ksij ys[kk ijh{kdksa ds izfrosnu (gekjs lefrfFk ds izfrosnu ds vuqyXud dh /kkjk&1ds vuqPNsn ßvU; dkuwuh rFkk fofu;ked ekaxÞ) esa mfYyf[kr

1 ¼v½ fuxe us LFkk;h ifjlEifÙk;ksa dk leqfpr vfHkys[k j[kk gS ftlesa iw.kZ fooj.k ds lkFk&lkFk ifjlEifÙk;ksa dh ek=k o LFkkudks Hkh iznf'kZr fd;k x;k gSA

¼c½ tSlk fd gedks lwpuk iznku dh x;h gS fd o"kZ ds nkSjku izcU/ku }kjk LFkk;h ifjlEifÙk;ksa dk HkkSfrd lR;kiu djk;kx;k] gekjs er ls ;g lR;kiu dEiuh ds vkdkj vkSj mldh ifjlEifÙk;ksa dh izd`fr ds vuqlkj mfpr gSA bl lR;kiuesa dksbZ folaxfr ugha ik;h x;h gSA

¼l½ o"kZ ds nkSjku fuxe }kjk viuh LFkk;h ifjlEifÙk;ksa ds fdlh egRoiw.kZ fgLls dh fcØh ugha dh x;h gSA2 ¼v½ tSlk fd gedks lwfpr fd;k x;k fd o"kZ dh lekfIr ij izca/ku }kjk lEifÙk lwph dk HkkSfrd lR;kiu fd;k x;k FkkA gekjs

er ls lR;kiu dh ckjEckjrk mfpr gSA¼c½ gekjs er ls rFkk gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe ds vkdkj rFkk dkjksckj dh izd`fr

dks ns[krs gq, dEiuh }kjk lEifÙk lwph ds HkkSfrd lR;kiu gsrq viuk;h x;h izfØ;k mi;qDr gSA¼l½ gekjs er ls rFkk gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe }kjk laEifÙk lwph ds vfHkys[kksa dk

mfpr j[k j[kko fd;k tk jgk gSA gesa lwfpr fd;k x;k gS fd lEifÙk lwph ds HkkSfrd lR;kiu ds nkSjku dEiuh ds ekyesa fdlh izdkj dh folaxfr laKku esa ugha vk;hA

3 gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe }kjk ,slh dEifu;ksa] QkeksZa vFkok vU; ikfVZ;ksa dks dksbZHkh izfrHkwr vFkok vizfrHkwr _.k iznku ugha fd;k x;k gS] ftUgsa dEiuh vf/kfu;e 1956 dh /kkjk 301 ds v/khu j[khx;h iaftdk esa lwphc) djuk okafNr gksA vr% /kkjk 4¼iii½ch] 4¼iii½lh] 4¼iii½Mh] 4¼iii½,Q rFkk 4¼iii½th fuxe ij ykxwugha gSA

4 gekjs fopkj ls rFkk gesa nh x;h lwpuk o Li"Vhdj.k ds vuqlkj lEifÙk lwph vkSj LFkk;h ifjlEifÙk;ksa dh [kjhn o lkekudh fcØh rFkk lsokvksa ls lEcfU/kr vkarfjd fu;a=.k izfØ;k;sa dEiuh ds vkdkj ,oa O;kikj dh izd`fr ds vuqlkj i;kZIrgSA ys[kk ijh{kk ds nkSjku gesa vkUrfjd fu;U=.k dh cM+h nqcZyrkvksa ds lq/kkj esa yxkrkj foQyrk ugha fn[kkbZ nh gSA

5 gekjs fopkj ls rFkk gesa nh x;h lwpuk o Li"Vhdj.k ds vuqlkj dEiuh vf/kfu;e 1956 dh /kkjk 301 esa fufnZ"V ,slkdksbZ vuqcU/k vFkok le>kSrk ugha fd;k gS ftldh izfof"V mDr vuqPNsn ds vUrxZr cuk, x, jftLVj esa dh tkuhpkfg,A

6 gekjs er ls rFkk gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe }kjk turk ls dksbZ tek Lohdkjugha fd;k gS ftlds fy, dEiuh vf/kfu;e 1956 dh /kkjk 58, rFkk 58,, vkSj blds varxZr cuk;s fu;e ykxw gksaA

7 tSlk fd gesa Li"V fd;k x;k gS fd dEiuh ds vkdkj ,oa O;kikj dh izd`fr ds vuq:i fuxe dh viuh vkarfjd ys[kkijh{kk dh mi;qDr iz.kkyh gSA

8 tSlk fd gesa lwfpr fd;k x;k gS fd dsUnz ljdkj }kjk dEiuh vf/kfu;e 1956 dh /kkjk 209¼1½ ¼Mh½ ds varxZr ykxrvfHkys[k j[kuk vknsf'kr ugha gSA

55

ANNEXURE TO AUDITORS’ REPORT ON THE ACCOUNTS OF NATIONAL HANDLOOMDEVELOPMENT CORPORATION LIMITED FOR THE YEAR ENDED 31.03.2013. (REFERRED

TO IN CLAUSE 1 OF PARA OF “REPORT ON OTHER LEGAL AND REGULATORY

REQUIREMENT” OF OUR REPORT OF EVEN DATE)

1. (a) The corporation has maintained  records  showing  full particulars, including quantitative details and

 situation of  its fixed assets..

(b) As informed to us, physical verification of fixed assets has been carried out by the management

during the year which, in our opinion, is reasonable having regard to the size of the corporation and

nature of its assets and no material discrepancies were noticed on such verification.

(c) During the year, the corporation has not disposed off a substantial part of its fixed assets.

2. (a) As informed to us, the physical verification of inventory was conducted by the management at year-

end. In our opinion, the frequency of verification is reasonable.

(b) In our opinion and according to the information and explanations given to us, the procedures of

physical verification of inventory followed by the management were found reasonable and adequate

in relation to the size of the corporation and nature of its business.

(c) In our opinion and according to the information and explanations given to us, the corporation is

maintaining proper records of inventory. We were informed that no material discrepancies were

noticed on physical verification of inventory.

3. According to the information and explanations given to us, the corporation has neither taken nor

granted any loans, secured or unsecured from/ to companies, firms or other parties covered in the

register required to be maintained under section 301 of the Companies Act, 1956. Hence, the provisions

of clause 4(iii)(b), 4(iii) (c), 4(iii)(d), 4(iii)(f) & 4(iii)(g) are not applicable to the corporation.

4. In our opinion and according to the information and explanations given to us, there are adequate

internal control systems commensurate with the size of the corporation and the nature of its business

for the purchase of the inventory and fixed assets and for sale of goods and services. In the course

of our audit we have not observed any continuing failure to correct major weaknesses in internal

controls.

5. In our opinion and according to the information and explanations given to us, the corporation has not

entered into any contracts or arrangements referred to in section 301 of the Companies Act, 1956

that need to be entered into a register required to be maintained under that section.

6. In our opinion and according to the information and explanations given to us, the corporation has not

accepted any deposits from the public to which the provisions of sections 58A and 58AA or any other

relevant provisions of the Companies Act, 1956 and rules framed there under would be applicable.

7. As explained to us, the corporation has an internal audit system commensurate with the size of the

corporation and the nature of its business.

8. We have been informed that the Central Government has not prescribed maintenance of cost records

under section 209(1)(d) of the Companies Act, 1956.

56

9 ¼v½ dEiuh ds vfHkys[kksa ds vuqlkj fuxe }kjk Hkfo"; fuf/k ns;rkvksa dks deZpkjh Hkfo"; fuf/k ;kstuk ds fy, vius U;klesa fu;fer tek fd;k x;k gSA gesa nh x;h tkudkjh o Li"Vhdj.k ds vuqlkj lkafof/kd cdk;ksa ds en esa ns; ,slk dksbZHkh vfookfnr Hkqxrku tks 31 ekpZ] 2013 rd ns; gks rFkk ns;rk dh frfFk ls Ng ekg dh vof/k ls vf/kd dk gks] cdk;kugha gSA

¼c½ izca/ku }kjk miyC/k djk;h x;h lwpuk vkSj Li"Vhdj.k ds vuqlkj fcØhdj@vk;dj@laifÙkdj@lsokdj@lhek'kqYd@mRikn 'kqYd@midj ls lEcfU/kr ,sls cdk;s tks fd fookfnr gSa rFkk ftUgsa tek ugha fd;k x;k gS dk fooj.kfuEufyf[kr gS &

lkafof/k dk uke cdk;ksa dh izd`fr /kujf'k* vof/k Qksje tgk¡ okn yfEcr gSS(#- yk[k esa)

vk;dj vf/kfu;e vk;dj 0-15 2000&01 ¼ew0o0½ mik;qDr vk;dj y[kuÅ ds ikl yfEcr1961 0-37 2004&05 ¼ew0o0½ rnSo

0-26 2005&06 ¼ew0o0½ rnSo1-16 2006&07 ¼ew0o0½ rnSo

m0iz0 O;kikj dj O;kikj dj 0-70 2008&09 ¼ew0o0½ mik;qDr lsDVj&19 y[kuÅ ds ikl yfEcrvf/kfu;e 13-67 2009&10 ¼ew0o0½ rnSo

*vk;dj vf/kfu;e 1961 esa fufgr izkfo/kuksa ds varxZr ns; C;kt dks NksM+dj10 foRrh; o"kZ dh lekfIr ij dEiuh dks dksbZ lafpr ?kkVk ugha gqvk gS rFkk fjiksVZ vk/khu foRrh; o"kZ o bl o"kZ ds Bhd

iwoZorhZ o"kZ ds nkSjku dksbZ udn ?kkVk Hkh ugha gqvk gSA11 gesa nh x;h tkudkjh o Li"Vhdj.k ds vuqlkj dEiuh] cSadksa foRrh; laLFkkuksa ;k _.ki= /kkjdksa dk iqu% Hkqxrku djus

esa cdk;knkj ugha gSA12 gesa miyC/k djk;h x;h lwpuk rFkk Li"Vhdj.kksa ds vuqlkj izfrHkwfr;ksa dks ca/kd j[kdj fdlh _.k vfxzeksa dks Lohd`r

ugha fd;k gSA13 gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.kksa ds vuqlkj fpVQ.M ij ykxw fdlh Hkh izdkj dk fo'ks"k lkafof/k izkfoèkku

fuxe ij ykxw ugha gSA14 tSlk fd gesa Li"Vhdj.k iznku fd;k x;k gS] ds vuqlkj dEiuh 'ks;lZ] izfrHkwfr;ksa vkSj vU; fuos'kksa ds O;kikj esa layXu

ugha gSA vr% /kkjk ¼xiv½ ds vuqPNsn 4 dk izkfo/kku ykxw ugha gSA15 gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.kksa ds vuqlkj dEiuh }kjk vU; ikfVZ;ksa gsrq cSad ;k foRrh; laLFkku ls _.k

izkIr fd, tkus ij dksbZ tekur ugh yh x;h gSA16 gekjs Kku ,oa fo'okl rFkk gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.kksa ds vuqlkj dEiuh }kjk o"kZ ds nkSjku fdlh

Hkh izdkj dk vof/k _.k ugha fy;k x;k gSA17 gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.kksa rFkk fuxe ds fLFkfr i=d ds laiw.kZ ijh{k.k ds i'pkr ge fjiksVZ djrs

gSa fd vYikof/k vk/kkj ij dh x;h fuf/k;ksa dh mxkgh dk miHkksx izFke n`"V;k fdlh nh?kZdkyhu fuos'k esa ugha fd;k x;kgSA

57

9. (a) According to the records of the company, the corporation has been regular in depositing Provident

Fund dues with its own Trust for the Employees Provident Fund Scheme. According to the information

and explanations given to us, there is no undisputed amount payable in respect of statutory dues

which have remained outstanding as at 31st March, 2013 for the period of more than six months from

the date they become payable.

(b) According to the information furnished to us by the management, the details of dues of Income Tax/

Sales Tax/ Wealth Tax/ Service Tax/ Custom duty/ Excise Duty/ Cess which have not been deposited

on account of any dispute are given hereunder:

Name of the Nature of the Amount* Period Forum where dispute is

Statute dues (Rs. in lacs) pending

Income Tax Income Tax 0.15 2000-01(AY) Matter pending with DCIT,

Act, 1961 Lucknow

0.37 2004-05(AY) - do -

0.26 2005-06(AY) - do -

1.16 2006-07(AY) - do -

UP Trade Trade Tax 0.70 2008-09 Matter pending with DC,

Tax Act Sector-19, Lucknow

13.67 2009-10 - do -

*Exclusive of interest payable under the provisions of the Income Tax Act, 1961.

10. The corporation does not have any accumulated losses as at the end of the financial year and it has

neither incurred any cash losses during the financial year under audit nor in the immediately preceding

financial year.

11. According to the information and explanations furnished to us, the corporation has not defaulted in

repayment of dues to banks, Financial Institutions or debenture holders.

12. According to the information and explanations furnished to us, the corporation has not granted any

loans and advances on the basis of security by way of pledge of shares, debentures and other

securities.

13. According to the information and explanations furnished to us, the provisions of any special statute

applicable to chit fund are not applicable to the corporation.

14. As explained to us, the corporation is not dealing or trading in shares, securities, debentures and

other investments. Therefore, the provision of Clause (XIV) of paragraph 4 is not applicable.

15. According to the information and explanations furnished to us, the corporation has not given any

guarantee for loans taken by others from banks and financial institutions.

16. To the best of our knowledge and belief and according to the information and explanations given to

us, no term loan has been availed by the corporation during the year.

17. According to the information and explanations given to us and on overall examination of the balance

sheet of the corporation, we report that funds raised on short- term basis has, prima facie, not been

used for long term investment.

58

18 gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.kksa ds vuqlkj dEiuh }kjk foRrh; o"kZ ds nkSjku fdlh Hkh izdkj ds 'ks;jksadk vf/kekU; vkoaVu ugha fd;k x;k gSA

19 gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.kksa ds vuqlkj dEiuh }kjk foRrh; o"kZ ds nkSjku fdlh Hkh izdkj ds _.ki=ksa dks fuxZr ugha fd;k x;k gSA

20 lEijhf{kr foRrh; o"kZ ds nkSjku dEiuh us lkoZtfud fuxZeksa }kjk fdlh Hkh izdkj ds /ku dh mxkgh ugha dh gSA21 gekjs }kjk fd, x, ijh{k.k ds vk/kkj ij rFkk gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.kksa rFkk gekjs }kjk dh x;h

ys[kk ijh{kk ds nkSjku fuxe ds lkFk vFkok fuxe }kjk fdlh Hkh izdkj dh /kks[ksckth dh lwpuk ;k fjiksVZ izkIr ugh gq;hgSA

d`rs & ds- datkfj;k ,.M dEiuhpkVZsM ,dkmUVsUV~l

g0@&(deys'k dqekj)

lnL;rk la[;k 017510QeZ iathdj.k la[;k 000449lh

LFkku % y[kuÅfnukad % 27-7-2013

59

18. According to the information and explanations given to us, the corporation has not made any

preferential allotment of shares during the year.

19.   According to the information and explanations given to us, the corporation has not issued any

debentures during the year.

20. The corporation has not raised any money by way of public issues during the year under audit.

21.   On the basis of our examination and according to the information and explanations furnished to us,

no fraud, on or by the corporation has been noticed or reported during the year.

For K. Kanjaria & Co.Chartered Accountants

Sd/-

(Kamlesh Kumar)Partner

M.No. 017510

FRN 000449CPlace: Lucknow

Date: 27.07.2013

60

dEiuh vf/kfu;e 1956 esa fu/kkZfjr foRrh; izfrosnu <kpsa ds vUrxZr 31 ekpZ] 2013 dks lekIr o"kZ ds fy, jk"Vªh;

gFkdj?kk fodkl fuxe fyfeVsM ds foRrh; fooj.k rS;kj djuk izcU/ku dk mRrjnkf;Ro gSA daiuh vf/kfu;e 1956 dh /kkjk

619¼2½ ds varxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd }kjk fu;qDr fd;s x;s lkafof/kd ys[kk ijh{kdksa dk ;g mRrjnkf;Ro gS fd

dEiuh vfèkfu;e 1956 dh /kkjk 227 ds varxZr bu foRrh; fooj.kksa ij viuh jk; O;Dr djsa tks fd mudh ,d O;kolkf;d laLFkk

bULVhV~;wV vkQ pkVsZM ,dkmUVsUV~l vkQ bf.M;k }kjk fu/kkZfjr ys[kk ijh{kk ,oa vk'oklu ds vuqlkj Lora= ys[kk ijh{kk ij vkèkkfjr

gS gesa ;g dguk gS fd ;g dk;Z muds }kjk dj fy;k x;k gSA lUnHkZ gsrq ys[kk ijh{kk izfrosnu fnukad 27 tqykbZ] 2013 dks ns[ksaaA

eSaus Hkkjr ds fu;a=d ,oa egkys[kkijh{kd dh vksj ls ;g fu.kZ; fy;k gS fd 31 ekpZ] 2013 dks lekIr o"kZ gsrq jk"Vªh;

gFkdj?kk fodkl fuxe fyfeVsM ds ys[kksa ij lkafof/kd ys[kk ijh{kk dh fjiksVZ dh leh{kk u dh tk, rFkk blfy, dEiuh vfèkfu;e

1956 dh /kkjk 619¼4½ ij dksbZ Hkh fVIi.kh ughaa nh x;h gSaA

d`rs Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh vksj lsd`rs Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh vksj lsd`rs Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh vksj lsd`rs Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh vksj lsd`rs Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh vksj ls

gLrk{kjgLrk{kjgLrk{kjgLrk{kjgLrk{kj

(uSuk ,- dqekj)(uSuk ,- dqekj)(uSuk ,- dqekj)(uSuk ,- dqekj)(uSuk ,- dqekj)izeq[k funs'kd okf.kfT;d

ys[kk ,oa insu lnL;] ys[kk ijh{kk cksMZ AA

ubZ fnYyhLFkku & ubZ fnYyhLFkku & ubZ fnYyhLFkku & ubZ fnYyhLFkku & ubZ fnYyhLFkku & ubZ fnYyhfnukad & 23-08-2013fnukad & 23-08-2013fnukad & 23-08-2013fnukad & 23-08-2013fnukad & 23-08-2013

fnukad 31 ekpZ 2013 dks lekIr o"kZ gsrq jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ys[kksa ij]fnukad 31 ekpZ 2013 dks lekIr o"kZ gsrq jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ys[kksa ij]fnukad 31 ekpZ 2013 dks lekIr o"kZ gsrq jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ys[kksa ij]fnukad 31 ekpZ 2013 dks lekIr o"kZ gsrq jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ys[kksa ij]fnukad 31 ekpZ 2013 dks lekIr o"kZ gsrq jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ys[kksa ij]

daiuh vf/kfu;e] 1956 dh /kkjk 619(4) ds varxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dhdaiuh vf/kfu;e] 1956 dh /kkjk 619(4) ds varxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dhdaiuh vf/kfu;e] 1956 dh /kkjk 619(4) ds varxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dhdaiuh vf/kfu;e] 1956 dh /kkjk 619(4) ds varxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dhdaiuh vf/kfu;e] 1956 dh /kkjk 619(4) ds varxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh

fVIif.k;k¡AfVIif.k;k¡AfVIif.k;k¡AfVIif.k;k¡AfVIif.k;k¡A

61

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION

619 (4) OF THE COMPANIES ACT, 1956 ON THE ACCOUNTS OF NATIONAL HANDLOOM

DEVELOPMENT CORPORATION LIMITED FOR THE YEAR ENDED 31 MARCH, 2013.

The preparation of financial statements of National Handloom Development Corporation Limited

for the year ended on 31 March, 2013 in accordance with the financial reporting framework prescribed

under the Companies Act, 1956 is the responsibility of the management of the company. The Statutory

Auditors appointed by the Comptroller and Auditor General of India under Section 619(2) of the

Companies Act, 1956 is responsible for expressing opinion on these financial statements under section

227 of the Companies Act, 1956 based on independent audit in accordance with the auditing and

assurance standards prescribed by their professional body the Institute of Chartered Accountants of

India. This is stated to have been done by them vide their Audit Report dated 27th July, 2013.

I, on behalf of the Comptroller and Auditor General of India have decided not to review the

report of the Statutory Auditor on the accounts of National Handloom Development Corporation Limited

for the year ended 31 March, 2013 and as such have no comment to make under section 619(4) of the

Companies Act, 1956

For and on behalf of theComptroller and Auditor General of India

Sd/-

(Naina A. Kumar)

Principal Director of Commercial Audit

& Ex-Officio Member, Audit Board-II

New Delhi

Place:New Delhi

Date: 23.08.2013

62

egRoiw.kZ ys[kk uhfr;kaegRoiw.kZ ys[kk uhfr;kaegRoiw.kZ ys[kk uhfr;kaegRoiw.kZ ys[kk uhfr;kaegRoiw.kZ ys[kk uhfr;kays[kk uhfr;k¡ %&ys[kk uhfr;k¡ %&ys[kk uhfr;k¡ %&ys[kk uhfr;k¡ %&ys[kk uhfr;k¡ %&

foRrh; fooj.k ,sfrgkfld ykxr ys[kk fl)kUrksa dEiuh vf/kfu;e 1956 ds izkfo/kkuksa rFkk bULVhV~;wV vkQ pkVsZM,dkmUVsUV~l vkQ bf.M;k ¼vkbZlh,vkbZ½ }kjk tkjh iz;ksT; ys[kk ekudksa ds vuqlkj rS;kj fd, x, gSALFkk;h ifjlEifRr;ka %&LFkk;h ifjlEifRr;ka %&LFkk;h ifjlEifRr;ka %&LFkk;h ifjlEifRr;ka %&LFkk;h ifjlEifRr;ka %&

vf/kxzghr@Ø; dh x;h ifjlEifRr;ksa dk vfHkys[k] Ø;ewY; ds vk/kkj ij fd;k tkrk gSAewY; gzkl ,oa {kfr %&ewY; gzkl ,oa {kfr %&ewY; gzkl ,oa {kfr %&ewY; gzkl ,oa {kfr %&ewY; gzkl ,oa {kfr %&

LFkk;h ifjlEifÙk;ksa ij ewY; gzkl] ljy js[kk fof/k ls izHkkfjr fd;k tkrk gSA gzkl dh x.kuk o"kZ ds nkSjku ifjlEifRr;ksa esa gq;h of)ij vkuqikfrd vk/kkj ij ml o"kZ esa dh x;h gS ftl o"kZ eas ifjlEifRr;ksa dks mi;ksx esa yk;k x;k gS@izHkkfjr fd;k x;k gSA vfèkxzghrdh x;h ,slh ifjlEifRr;ksa ij 100% ewY; gzkl yxk;k x;k gS ftudk vyx&vyx ewY; #0 5000 ¼#i;s ikap gtkj ek=½ ls vfèkdugha gSA dEiuh vf/kfu;e 1956 dh vuqlwph XIV esa fu/kkZfjr ewY; gzkl dh nj dks viuk;k x;k gSA]

lEifÙk;ksa ds vxzsuhr ewY; dh tkap izR;sd fLFkfr i=d dh frfFk ij dh tkrh gS rkfd ;fn dksbZ {kfr gS rks mldk fu/kkZj.kfd;k tk lds vFkok foxr vof/k;ksa esa Kkr gq;h {kfr dk ;fn vko';d gks rks foi;;Z fd;k tk ldsAvuqnku %&vuqnku %&vuqnku %&vuqnku %&vuqnku %&

fof'k"V mn~ns';ksa ds fy, izkIr lgk;rk vuqnku ds le{k fd;s x;s O;; dks ljdkj ls izkIr fof'k"V vuqnku jkf'k esa rn~uqlkjlek;ksftr fd;k x;k gSA ljdkj ls vuqnku izkfIr;kss a ds fuf'pr :i es izkIr gks tkus dh izR;k'kk esa bls lEHkwfr vk/kkj ijekU;rk nh xbZ gSAlEifÙk lwph %&lEifÙk lwph %&lEifÙk lwph %&lEifÙk lwph %&lEifÙk lwph %&

LVkWd dk ewY;kadu] ykxr ;k 'kq) olwyh ewY; vFkok cktkj ewY; tks Hkh de gks] ds vk/kkj ij fd;k x;k gSA foØ; okilhds dkj.k vFkok vU; fdlh dkj.k] ekxZLFk eky dks Ø; ewY; ij ewY;k¡fdr fd;k x;k gSAfoØ; %&foØ; %&foØ; %&foØ; %&foØ; %&

lwr] jaxksa o jlk;uksa vkSj diM+ks dk foØ; xzkgdksa dks izsf"kr eky ds ewY; dks n'kkZrk gSAO;; dk oxhZdj.k %&O;; dk oxhZdj.k %&O;; dk oxhZdj.k %&O;; dk oxhZdj.k %&O;; dk oxhZdj.k %&

leLr vk; o O;; dks LokHkkfod ys[kk 'khZ"kks ds varxZr ys[kkd`r fd;k x;k gS] tgkW vko';d gqvk gS O;; dk vkoaVufØ;kRed vk/kkj ij fd;k x;k gSAvfrns; fcyksa ij C;kt %&vfrns; fcyksa ij C;kt %&vfrns; fcyksa ij C;kt %&vfrns; fcyksa ij C;kt %&vfrns; fcyksa ij C;kt %&

fu/kkZfjr dh x;h m/kkj dh 'krksZa ds vuqlkj vfrns; fcyksa ij C;kt dks foyafEcr Hkqxrku izkfo/kkfur fd;k x;k gSA olwyu gq;s vfrns; C;kt dks vkLFkfxr lEHkwr C;kt ds :i esa n'kkZ;k x;k gSAfoRRk izHkkj %&foRRk izHkkj %&foRRk izHkkj %&foRRk izHkkj %&foRRk izHkkj %&

izkfIr dh vfuf'prrk ds dkj.k jax o jlk;u ds xzkgdksa ij yxk;s x;s foRr izHkkj dks izkfIr vk/kkj ij jktLo ekuk x;kAlsokfuo`fRr fgrykHkksa dk ys[kkdj.k %&lsokfuo`fRr fgrykHkksa dk ys[kkdj.k %&lsokfuo`fRr fgrykHkksa dk ys[kkdj.k %&lsokfuo`fRr fgrykHkksa dk ys[kkdj.k %&lsokfuo`fRr fgrykHkksa dk ys[kkdj.k %&¼v½ vkuqrksf"kd dh ns;rk dk izkfo/kku] AS-15 ds vuqlkj chekafdr ewY;kadu ij vk/kkfjr gSA

¼c½ vodk'k udnhdj.k dh ns;rk dk izkfo/kku] AS&15 ds vuqlkj chekafdd ewY;k¡du ij fd;k x;k gSA

63

SIGNIFICANT ACCOUNTING POLICIES

ACCOUNTING CONVENTIONS:

The financial statements have been prepared under historical cost convention in accordance with the

Generally Accepted Accounting Principles, the provisions of Companies Act’ 1956 and applicable

Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).

FIXED ASSETS:The assets acquired/ purchased are recorded on the basis of purchase value.

DEPRECIATION AND IMPAIRMENT OF ASSETS:Depreciation on fixed Assets is charged on straight-line method. Depreciation is calculated on pro-

rata basis on all additions made during the year in which the assets are put to use/ brought on charges.

However, 100% depreciation is charged on the assets acquired during the year where individual cost

does not exceed Rs.5000/-. Rate of depreciation prescribed in SCHEDULE XIV of the Companies

Act, 1956 has been adopted.

The carrying amount of assets is tested at each Balance Sheet date for impairment so as to determine

and provide for the impairment loss, if any, required or the reversal, if any, required for impairment

loss recognized in previous periods.

GRANTS:The expenses against Grants-in-aid have been incurred on specific purposes and are adjusted

accordingly in specific grant received from Government. Grants/ Receivables from Government are

recognized on accrual basis keeping in view the certainty of its ultimate collection.

INVENTORIES:

The valuation of stocks is at cost or net realizable value, whichever is lower. Goods-in-transit due to

sales return or otherwise are valued at purchase price.

SALES:The sales of yarn, dyes & chemicals and fabrics represent the value of goods dispatched to customers.

CLASSIFICATION OF EXPENDITURE:

All expenses and Incomes are accounted for under natural heads of account. Wherever necessary,

allocation of expenditure on the functional basis has been made.

INTEREST ON OVERDUE BILLS:

Interest on overdue bills has been provided for delayed payments as per terms of credit decided with

them. The unrealized overdue interest has been shown as Deferred Accrued Interest.

FINANCE CHARGES:

Finance charges levied on customers of Dyes & Chemicals are recognized as revenue on receipt

basis in view of uncertainty in its ultimate collection.

ACCOUNTING OF RETIREMENT BENEFITS:(a) Liability towards Gratuity is provided based on the actuarial valuation as per AS - 15.

(b) Liability towards Leave Encashment is provided based on the actuarial valuation as per AS-15.

64

¼l½ fuxe ds fu;eksa ds vuqlkj vodk'k ;k=k lqfo/kk ¼,yVhlh½ vuqeU; dh tkrh gS ,oa ftl o"kZ ds nkSjku deZpkfj;ksa }kjkbldk mi;ksx fd;k tkrk gS] bls ys[kksa esa n'kkZ;k tkrk gSA

iwoZ vof/k lek;kstu %&iwoZ vof/k lek;kstu %&iwoZ vof/k lek;kstu %&iwoZ vof/k lek;kstu %&iwoZ vof/k lek;kstu %&

iwoZ vof/k ls lEcfU/kr lek;kstu os lek;kstu gSa tks ewyHkwr =qfV;ksa @pwdksa esa gq;s la'kks/ku ds dkj.k iwoZ vof/k ls iz;ksT;gSA

fodkl dk;ksZa ds fy;s vkjf{kr /ku %&fodkl dk;ksZa ds fy;s vkjf{kr /ku %&fodkl dk;ksZa ds fy;s vkjf{kr /ku %&fodkl dk;ksZa ds fy;s vkjf{kr /ku %&fodkl dk;ksZa ds fy;s vkjf{kr /ku %&

fuxe }kjk fodkl dk;ksa Z ij vius lzksr ls fd;s x;s O;;] rFkk Hkkjr ljdkj ls izkIr lgk;rk vuqnku ls vf/kdfd;s x;s O;; dks] fodkl dk;ksZ a ds fy, vkjf{kr dks"k ls lh/ks izHkkfjr fd;k x;k gS rFkk ftls fuxe ds ykHk esa ls fofu;ksftrfd;k x;k gSA

[k.M ys[kk uhfr %&[k.M ys[kk uhfr %&[k.M ys[kk uhfr %&[k.M ys[kk uhfr %&[k.M ys[kk uhfr %&

dEiuh dh ys[kk uhfr ls lEc) gSA [k.M fjiksfV±x ds fy;s fuEufyf[kr fo'ks"k ys[kk uhfr dk vuqlj.k fd;k x;k gSA

¼v½ [k.M jktLo esa [k.M ds lkFk izR;{k :i ls vfHkKs; rFkk vkoafVr fcØh o vU; vk; lfEefyr gS ftlesa vUr[kZ.MjktLo dks Hkh lfEefyr fd;k x;k gSA dEiuh dh og vk; tks [k.Mksa esa vkoafVr ugha gS] dks vU; xSj vkoafVr vk;dh en esa j[kk x;k gSA

¼c½ [k.M ifj.kke dk fu/kkZj.k djrs le; [k.M ds lkFk izR;{kr% vfHkKs;@vkoafVr [kpks± dks Hkh /;ku esaa j[kk x;k gSA dEiuhds ,sls lEiw.kZ [kpsZ tks [k.Mks dks vkoafVr ugh gS] mUgs vU; xSj vkoafVr [kpks± dh en esa j[kk x;k gSA

¼l½ [k.M lEifRr rFkk ns;rkvksa ds vUrxZr lEcfU/kr [k.Mksa ds lHkh vfHkys[k lEifÙk;ka vkSj ns;rk;sa lfEefyr gSaA xSj vkoafVruSxfed lEifÙk rFkk ns;rkvksa dk rkRi;Z dEiuh dh mu lexz lEifÙk vkSj ns;rkvksa ls gS tks fdlh [k.M dks vkoafVrugha gSA

vk; ij dj %&vk; ij dj %&vk; ij dj %&vk; ij dj %&vk; ij dj %&orZeku vof/k ds fy;s dj vk; dk fu/kkZj.k] vk;dj vf/kfu;e 1961 ds izkfo/kkuksa ds vuq:i] laxf.kr dj ;ksX; vk;

rFkk dj tek ij ewY;kadu@vihy ds lEHkkfor ifj.kke dks /;ku esa j[kdj fd;k x;k gSAvkLFkfxr dj dk fu/kkZj.k] o"kZ dh ys[kkdj.k vk; rFkk dj ;ksX; vk; ds e/; le; fu/kkZj.k ds vUrj ij fd;k x;k

gS rFkk bldk ifjekiu] dj dh njksa] dkuwuh v/;kns'kksa rFkk rqyui= dh frfFk rd fof/kdj.k fd;s x;s v/;kns'kkas ds vk/kkjij fd;k x;k gSA

vkLFkfxr dj lEifRr dks ml lhek rd Lohdkj rFkk vxzsuhr fd;k x;k gS tgk¡ rd Hkfo"; esa i;kZIr dj ;ksX; vk; dkizkIr gksuk dkQh gn rd fuf'pr gS] ftlds le{k bl vkLFkfxr dj lEifRr dh olwyh dh tk ldsA

65

(c) Leave travel concession is allowed as per rules of the corporation and booked in accounts in

the year in which it is availed by the employees.

PRIOR PERIOD ADJUSTMENTS:Prior Period Adjustments are those adjustments applicable to prior periods arising from correction of

fundamental errors & omissions.

RESERVE FOR DEVELOPMENTAL ACTIVITIES:

Expenditure incurred by the Corporation on developmental activities from its own sources including

expenditure incurred over and above the grant-in-aid received from Government of India are charged

to Reserve for Developmental Activities directly which have been appropriated out of profits of the

Corporation.

SEGMENT ACCOUNTING POLICY:Segment Accounting policies are in line with the accounting policies of the corporation. However, the

following specific accounting policies have been followed for segment reporting:

a) Segment Revenue includes sales and other income directly identifiable with/ allocable to the

segments including inter-segment revenue. The income, which relate to the corporation as a

whole and not allocable to the segments is included in “Other Un-allocable Income”.

b) Expenses that are directly identifiable with/ allocable to the segments are considered for

determining the segment’s result. The expenses, which relate to the corporation as a whole

and not allocable to the segments are included under “Other Un-allocable Expenditure”.

c) Segment assets and liabilities include those directly identifiable with the respective segments.

Un-allocable corporate assets and liabilities represent the assets and liabilities that relate to

the corporation as a whole and not allocable to any segment.

TAXES ON INCOME:

Tax income for the current period is determined on the basis of taxable income and tax credits computed

in accordance with the provisions of Income Tax Act 1961 and based on the expected outcome of

assessments/ appeals.

Deferred tax is recognized on timing difference between the accounting income and the taxable income

for the year and quantified using the tax rates and laws enacted or substantively enacted as on the

Balance Sheet date.

Deferred tax assets are recognized and carried forward to the extent that there is reasonable certainty

that sufficient future taxable income will be available against which such deferred tax assets can be

realized.

66

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM31 ekpZ] 2013 dk fLFkfr i=d

fooj.k uksV la[;k orZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dh lekfIr ij vkadM+s (#-) lekfIr ij ij vkadM+s (#-)

1 2 3 4I- bfDoVh rFkk nkf;Ro

1- v'ka/kkjdksa dh fuf/k;kav½ va'k iwath 1 190000000 190000000

c½ vkjf{kr rFkk vf/k'ks"k 2 216390201 1647485892- xSj pkyw nkf;Ro

v½ vkLFkfxr dj ds nkf;Ro ¼'kq)½ 3 -11235175 -5437157c½ vU; yEch vof/k ds nkf;Ro ¼dkjil½ 4 210819053 190529903l½ vU; yEch vof/k ds nkf;Ro 4 - -n½ yEch vof/k ds izkfo/kku 5 - -

3- pkyw nkf;Rov½ de vof/k dh m/kkfj;ka 6 - -c½ O;kikj ns;rk;sa 7 1416897629 1191999888l½ vU; pkyw nkf;Ro 8 727549320 332589544

n½ de vof/k ds izkfo/kku 9 162323734 87194199

;ksx;ksx;ksx;ksx;ksx 2912744762 2151624966

II. ifjlEifÙk;ka1- XkSj pkyw ifjlEifÙk;ka

v½ LFkk;h ifjlEifÙk;ka¼i½ okLrfod ifjlEifÙk;ka 10 25566717 25201902¼ii½ vizR;{k ifjlEifÙk;ka 11 449755 507494¼iii½ dk;Z esa yxh iawth 12 16520592 16142471c½ nh?kZ dkyhu _.k 13 313392 256017l½ vU; xSj pkyw ifjlEifÙk;ka ¼dkjil½ 14 210819053 190529903

2- pkyw ifjlEifÙk;kav½ lEifÙk lwfp;ka 15 8070315 17524238c½ O;kikj izfIr;ka 16 1308087751 1143963403l½ udn rFkk udnh ds led{k 17 1034743957 454499075

n½ vYidkyhu _.k rFkk vfxze 18 282872241 291123380

;½ vU; pkyw ifjlEifÙk;ka 19 25300989 11877083

;ksx;ksx;ksx;ksx;ksx 2912744762 2151624966

pkyw fjiksfVZax vof/k dh lekfIr ij uksV la[;k 01 ls 30 rFkk egRoiw.kZ ys[kkuhfr;ksa dks fLFkfr i=d ds lkFk layXu fd;k x;k gS rFkkml fnukad dks lekIr o"kZ gsrq ykHk rFkk gkfu dk fooj.k ,oa udnh izokg ys[kksa dk vfuok;Z fgLlk gSA

gLrk{kj gLrk{kj gLrk{kj(t; xksiky egktu) (losZiYyh Jhfuokl) (cyfoUnj dqekj)

eq[; izca/kd (fo-,oa ys-)@dEiuh lfpo izcU/k funs'kd v/;{kgekjs lefrfFk ds izfrosnu ds vuqlkj

d`rs& ds- datkfj;k ,.M dEiuhpkVZsM ,dkmUVsUV~l

gLrk{kj(deys'k dqekj)

HkkxhnkjlnL;rk la[;k 017510

QeZ iathdj.k la[;k 000449lh

LFkku % y[kuÅfnukad % 27-7-2013

67

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED, LUCKNOWBalance Sheet as at 31st March, 2013

PARTICULARS NOTE NO. Figures as at Figures as atthe end of current the end of the previous

reporting period(Rs.) reporting period(Rs.)

1 2 3 4

I. EQUITY AND LIABILITIES1 Shareholder’s funds

a) Share Capital 1 190000000 190000000

b) Reserves and Surplus 2 216390201 164748589

2 Non- current liabilitiesa) Deferred tax liabilities ( Net) 3 -11235175 -5437157

b) Other long term liabilities ( Corpus) 4 210819053 190529903

c) Other long term liabilities 4 - -

d) Long term provisions 5 - -

3 Current liabilitiesa) Short term borrowings 6 - -

b) Trade payables 7 1416897629 1191999888

c) Other current liabilities 8 727549320 332589544

d) Short term provisions 9 162323734 87194199

TOTAL 2912744762 2151624966

II. ASSETS1 Non current assets

a) Fixed Assets

i) Tangible assets 10 25566717 25201902

ii) Intangible assets 11 449755 507494

iii) Capital work in progress 12 16520592 16142471

b) Long term loans and advances 13 313392 256017

c) Other non current assets(Corpus) 14 210819053 190529903

2 Current assetsa) Inventories 15 8070315 17524238

b) Trade receivable 16 1308087751 1143963403

c) Cash and cash equivalents 17 1034743957 454499075

d) Short term loans and advances 18 282872241 291123380

e) Other current assets 19 25300989 11877083

TOTAL 2912744762 2151624966

Note 1 to 30 and significant Accounting Policies annexed to Balance sheet as at the end of current reporting period and

Statement of Profit and Loss and cash flow for the year ended on that date form an integral part of Accounts

Sd/- Sd/- Sd/-Jai Gopal Mahajan Sarvepalli Srinivas Balvinder Kumar

Ch. Manager (F&A)/ Company Secretary Managing Director Chairman As per our Report of even date

For K. Kanjaria & Co.Chartered Accountants

Sd/-Kamlesh Kumar

PartnerPlace: Lucknow M.No. 017510Date: 27-7-2013 F.R.No. 000449C

68

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM31 ekpZ 2013 dks lekIr gq, o"kZ gsrq ykHk rFkk gkfu dk ys[kk fooj.k

fooj.k uksV la[;k orZeku fjiksfVZax foxr fjiksfVZax vof/k

vof/k ds vkadM+s (#-) ds vkadM+s (#-) 1 2 3 4

I- v½ dk;Z lapkyu ls izkIr jktLo 20 13754656813 11010692987

c½ ,ethih,l ds varxZr gq, [kpksZa dh 20 952518108 522542707

izfriwfrZ ds le{k vuqnku lgk;rkII- vU; vk; 21 85299686 33457328

III- dqy jktLo ¼I+II½ 14792474607 11566693022

IV- [kpsZO;kikj esa eky dk Ø; 22 14023908812 10996169643

ifjogu@fMiks vf/kHkkj dh izfriwfrZ 23 452092596 364119290

O;kikj esa eky dh lEifÙk lwfp;ksa esa ifjorZu 24 -1239782 743971

deZpkjh dY;k.k [kpZ 25 180884964 133999202

foRrh; ykxr 26 13899 8177

gzkl rFkk _.k ifj'kks/ku [kpZs 10 & 11 1727537 1625761

vU; [kpsZ 27 27315947 27191317

dqy [kpsZ 14684703973 11523857361

V fof'k"V rFkk vlk/kkj.k rFkk dj ds

iwoZ ykHk (III-IV) 107770634 42835661

VI fof'k"V ensa 28 4550216 1627824

VII vlk/kj.k enksa rFkk dj ds iwoZ ykHk 103220418 41207837

VIII vlk/kkj.k ensa rFkk dj ds iwoZ ykHk (V-VI)

IX vlk/kkj.k ensa (VII-VIII) 103220418 41207837

X dj ds [kpsZ

1½ pkyw dj 29 39279262 14391824

2½ vLFkfxr dj 3 -5798018 -1408355

XI tkjh lapkyr vof/k gsrq ykHk ¼gkfu½ (IX-X) 69739174 28224368

XII lapkyu lekIr gksus ls ykHk@gkfu

XIII lapkyu lekIr gksus ls dj ds [kpsZ

XIV lapkyu u gksus ls ykHk@gkfu¼dj ds i'pkr½ (XII-XIII)

69

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED, LUCKNOW

Statement of Profit & Loss for the year ended 31st March, 2013

PARTICULARS NOTE NO. Figures for the Figures for the

current reporting previous reporting

period (Rs.) period (Rs.)

1 2 3 4

I. a) Revenue from operations 20 13754656813 11010692987

b) Grant in aid against reimbursement 20 952518108 522542707

of expenditure under MGPS

II. Other Income 21 85299686 33457328

III. Total Revenue ( I+II) 14792474607 11566693022

IV. Expenses:

Purchases of stock in trade 22 14023908812 10996169643

Reimbursement of Transportation 23 452092596 364119290

/depot charges

Changes in inventories/stock in trade 24 -1239782 743971

Employee benefits expenses 25 180884964 133999202

Finance costs 26 13899 8177

Depreciation and 10 & 11 1727537 1625761

amortization expenses

Other expenses 27 27315947 27191317

Total Expenses 14684703973 11523857361

V. Profit before exceptional and 107770634 42835661

extraordinary items and tax ( III-IV)

VI. Exceptional items 28 4550216 1627824

VII. Profit before extraordinary items and tax ( V-VI) 103220418 41207837

VIII. Extraordinary Items

IX. Profit before tax ( VII- VIII) 103220418 41207837

X Tax expense:

1 Current Tax 29 39279262 14391824

2 Deferred Tax 3 -5798018 -1408355

XI. Profit ( Loss) for the period from 69739174 28224368

continuing operations ( IX - X)

XII. Profit/loss from discontinuing operations

XIII. Tax expenses of discontinuing operations

XIV. Profit/(loss) from discontinuing

operations ( after tax) ( XII-XIII)

70

fooj.k uksV la[;k orZeku fjiksfVZax foxr fjiksfVZax vof/kvof/k ds vkadM+s (#-) ds vkadM+s (#-)

1 2 3 4

XVvof/k gsrq ykHk ¼gkfu½ (XI-XIV) 69739174 28224368

XVI i) izfr bfDoVh va'k izkfIr;ka ¼vlk/kkj.k enksa ls iwoZ½1½ csfld 39.10 15.71

2½ ruwd`r ¼Mk;Y;wVsMsM½ 39.10 15.71

ii) izfr bfDoVh va'k izkfIr;kavlk/kkj.k enksa ds i'pkr1½ csfld 36.70 14.85

2½ ruwd`r ¼Mk;Y;wVsMsM½ 36.70 14.85

pkyw fjiksfVZax vof/k dh lekfIr ij uksV la[;k 01 ls 30 rFkk egRoiw.kZ ys[kkuhfr;ksa dks fLFkfr i=d ds lkFk layXu fd;k x;k gSrFkk ml fnukad dks lekIr o"kZ gsrq ykHk rFkk gkfu dk fooj.k ,oa udnh izkokg ys[kksa dk vfuok;Z fgLlk gSA

gekjs lefrfFk ds izfrosnu ds vuqlkjd`rs & ds- datkfj;k ,.M dEiuh

pkVZsM ,dkmUVsUV~lgLrk{kj

(deys'k dqekj)Hkkxhnkj

lnL;rk la[;k 017510QeZ iathdj.k la[;k 000449lh

LFkku % y[kuÅfnukad % 27-7-2013

gLrk{kj gLrk{kj gLrk{kj(t; xksiky egktu) (losZiYyh Jhfuokl) (cyfoUnj dqekj)

eq[; izca/kd (fo-,oa ys-)@dEiuh lfpo izcU/k funs'kd v/;{k

71

PARTICULARS NOTE NO. Figures for the Figures for thecurrent reporting previous reporting

period (Rs.) period (Rs.)

1 2 3 4

XV. Profit( Loss) for the period ( XI + XIV) 69739174 28224368

XVI. i) Earnings per equity share ( Before extra ordinary items)

1) Basic 39.10 15.71

2) Diluted 39.10 15.71

ii) Earnings per equity share ( After extra ordinary items)

1) Basic 36.70 14.85

2) Diluted 36.70 14.85

Note 1 to 30 and significant Accounting Policies annexed to Balance sheet as at the end of current reporting

period and Statement of Profit and Loss and cash flow for the year ended on that date form an integral part

of Accounts.

Sd/- Sd/- Sd/-Jai Gopal Mahajan Sarvepalli Srinivas Balvinder Kumar

Ch. Manager (F&A)/ Company Secretary Managing Director Chairman

As per our Report of even date

For K. Kanjaria & Co.

Chartered Accountants

Sd/-Kamlesh Kumar

Partner

Place: Lucknow M.No. 017510

Date: 27-7-2013 F.R.No. 000449C

72

fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vofèkdh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#)

vf/kdr

&izfr bfDoVh 'ks;j #0 100@& 20,00,00,000 20,00,00,000

ewY; ds 20]00]000 'ks;j ¼foxr o"kZ 20]00]000 'ks;j½

fuxZfer] vfHknRr ,oa iznRr

iw.kZr;k udn Hkqxrku fd;s x;s #0 100@& izfr

'ks;j ds 18]98]465 ds bfDoVh 'ks;j

fodkl vk;qDr gFkdj?kk dk;kZy; ds ek/;e

ls Hkkjr ljdkj ds ikl /kkfjr

¼foxr o"kZ izfr #0 100@& 189846500 189846500

ewY; ds 18]98]465 'ks;j izR;sd½

#0 100@& ds 1535 bfDoVh 'ks;j

fcuk udn Hkqxrku izkIr gq, iw.kZr;k iznRr

dEiuh ds fuxZeu O;; ds

le{k gFkjd?kk fodkl vk;qDr ds dk;kZy;

ds ek/;e ls Hkkjr ds jk"Vªifr dks vkoafVr 'ks;j

¼foxr o"kZ izfr #0 100@& ds 1535 bfDoVh

'ks;j ½ 153500 19,00,00,000 153500 19,00,00,000

;ksx 19,00,00,000 19,00,00,000

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsMys[kksa ij fVIif.k;ka

1- va'k iawth

73

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED, LUCKNOW

Notes of Account

1 - SHARE CAPITAL

Figures at the Figures at the

end of Current end of Previous

reporting period(Rs) reporting Period(Rs)

Authorised

20,00,000 Equity shares (Previous year 20,00,00,000 20,00,00,000

20,00,000 Equity shares) of Rs. 100/- each

Issued, Subscribed & Paid-up

18,98,465 Equity shares of Rs. 100/- each

fully paid in cash held by Government of

India through DCH office (Previous year

18,98,465 Equity shares of Rs. 100/- each) 189846500 189846500

1,535 Equity shares of Rs. 100/- each

fully paid up without payment being

received in cash. Shares alloted to The

President of India through DCH Office

against Company’s incorporation expenses,

(Previous year 1,535 equity shares of

Rs. 100/- each) 153500 19,00,00,000 153500 19,00,00,000

TOTAL 19,00,00,000 19,00,00,000

74

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM2& vkjf{kr ,oa vf/k'ks"kfooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#-)

v) vkjf{kr

¼i½ foxr fLFkfr i=d ds vuqlkj fodklkRed

xfrfof/k;ksa gsrq vkjf{kr 2500070 2496231

tksM+k & ykHk ,oa gkfu [kkrs ls vUrfjr /kujkf'k 1505000 1175000

?kVk;k & o"kZ ds nkSjku mi;ksx 1505101 1171161

;ksx ¼i½ 2499969 2500070

¼ii½ foxr fLFkfr i=d ds vuqlkj lsokfuo`fÙk

mijkUr fpfdRlk dkjil 1408028 1013145

tksM+k & ykHk ,oa gkfu [kkrs ls vUrfjr /kujkf'k 412000 641000

tksM+k & miftZr O;kt 276572 -

?kVk;k & o"kZ ds nkSjku mi;ksx 372738 246117

;ksx ¼i½ 1723862 1408028

;ksx ¼i+ii½ 4223831 3908098

(c) vf/k'ks"k

foxr fLFkfr i=d ds vuqlkj 160840491 141056813

tksM +k& ykHk ,oa gkfu [kkrs ls vUrfjr /kujkf'k

orZeku o"kZ dk ykHk 69739174 28224368

?kVk;k & izLrkfor ykHkka'k 14100000 5700000

ykHkka'k ij uSxfed dj 2396295 924690

fodklkRed xfrfof/k;ksa ds fy,

vkjf{kr en esa /kujkf'k vUrj.k 1505000 1175000

lsokfuo`fÙk mijkUr fpfdRlk dkjikl esa varj.k 412000 641000

vf/k'ks"k (c) 212166370 160840491

;ksx (v$c) 216390201 164748589

izLrkfor ykHkka'k izfr bfDoVh 'ks;j 7.42 3.00

75

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED, LUCKNOW

2 - RESERVES & SURPLUS

Figures at the Figures at the

end of Current end of Previousreporting period (Rs) reporting Period(Rs)

(A) RESERVES:

(I) Reserve for developmental Activities

as per last Balance sheet 2500070 2496231

Add : Amount transferred from Statement of

Profit & Loss 1505000 1175000

Less: Utilisation during the year 1505101 1171161

Total(i) 2499969 2500070

(II) Post Retirement Medical Corpus

as per last Balance sheet 1408028 1013145

Add : Amount transferred from Statement of 412000 641000

Profit & Loss

Add : Interest Accrued 276572 -

Less: Utilisation during the year 372738 246117

Total(ii) 1723862 1408028

Total(i+ii) 4223831 3908098

(B) SURPLUS

As per last Balance sheet 160840491 141056813

Add : Amount transferred from Statement

of Profit & Loss

Current year profit 69739174 28224368

Less:-

Proposed Dividend 14100000 5700000

Corporate Tax on Dividend 2396295 924690

Amount transferred to reserve for 1505000 1175000

developmental activity

Transferred to post retirement medical corpus 412000 641000

SURPLUS(B) 212166370 160840491

TOTAL (A+B) 216390201 164748589

Proposed Dividend per Equity Share 7.42 3.00

76

#0 412000 ¼foxr o"kZ #0 641000½ dh /kujkf'k tks fd foRrh; o"kZ 2011&12 gsrq dj iwoZ ykHk ¼ihchVh½ dk 1% gS dks foRrh;

o"kZ 2012&13 ds nkSjku lsokfuo`fÙk mijkUr fpfdRlk dkjil esa va'knku fd;k x;k gSAa mDr dkjil dk miHkksx djds lsokfuo`Ùk

dfeZ;ksa dks lsokfuo`fÙk mijkUr fpfdRlk ;kstuk ds varxZr fpfdRlk ykHk vuqeU; gksaxsA

3& vkLFkfxr dj nkf;Ro ('kq¼)

pkyw fjiksfVZax vof/k dh lekfIr ij vkLFkfxr dj nkf;Ro dk fo'ys"k.k ¼cszd vi½ fuEufyf[kr gSA

vkLFkfxr dj ifjlEifÙk;ka rFkkvkLFkfxr dj ifjlEifÙk;ka rFkkvkLFkfxr dj ifjlEifÙk;ka rFkkvkLFkfxr dj ifjlEifÙk;ka rFkkvkLFkfxr dj ifjlEifÙk;ka rFkk pkyw fjiksfVZax vof/k dh lekfIr ij pkyw fjiksfVZax vof/k dh lekfIr ij pkyw fjiksfVZax vof/k dh lekfIr ij pkyw fjiksfVZax vof/k dh lekfIr ij pkyw fjiksfVZax vof/k dh lekfIr ij

vkLFkkfxr dj nkf;Ro ds la?kVdvkLFkkfxr dj nkf;Ro ds la?kVdvkLFkkfxr dj nkf;Ro ds la?kVdvkLFkkfxr dj nkf;Ro ds la?kVdvkLFkkfxr dj nkf;Ro ds la?kVd vkLFkfxr dj ifjlEifÙk;kavkLFkfxr dj ifjlEifÙk;kavkLFkfxr dj ifjlEifÙk;kavkLFkfxr dj ifjlEifÙk;kavkLFkfxr dj ifjlEifÙk;ka vkLFkkfxr dj nkf;RovkLFkkfxr dj nkf;RovkLFkkfxr dj nkf;RovkLFkkfxr dj nkf;RovkLFkkfxr dj nkf;Ro(#0)(#0)(#0)(#0)(#0) (#0)(#0)(#0)(#0)(#0)

vkLFkfxr dj nkf;Roys[kk cfg;ksa ds vuqlkj ewY; gzkl ifjlEifÙk;ksa dk cgh 6371137

ewY; rFkk dj gkzl ds vafdr ewY; ds e/; vUrjle; vUrjky dks c<+krs gq, ij vU; vkLFkfxr dj nkf;Ro 5818911

vkLFkfxr dj ifjlEifÙk;ka

lafnX/k _.kksa rFkk vfxzeksa bR;kfn gsrq izkfo/kku 6889559

vodk'k osru gsrq izkfo/kku 16472903

le; vUrjky esa of)dj vU; vkLFkfxr dj ifjlEifÙk 62761

;ksx 23425223 12190048

pkyw fjiksfVaZx vof/k dh lekfIr ij ¼ifjlEifÙk½@'kq) vkLFkfxr dj nkf;Ro -11235175

77

An amount of Rs.412000 (Previous year Rs.641000) being 1% of the profit before tax (PBT) for FY 2011-12

has been contributed to the “ Post Retirement Medical Corpus” during FY 2012-13. The medical benefit

under “Post Retirement Medical Scheme” shall be allowed to the superannuated employees by utilising the

said corpus.

3 DEFERRED TAX LIABILITY ( Net)

The break up of net deferred tax liability as at the end of current reporting period is as under:

Components of Deferred Tax Assets As at the end of current reporting periodand Deferred Tax Liability Deferred Tax Deferred Tax

Assets ( Rs.) Liability (Rs.)

Deferred Tax Liabilities

Difference between book value of depreciable 6371137

assets as per books of accounts and written

down value as per tax depreciation

Other deferred tax liability giving rise to timing difference 5818911

Deferred Tax Assets

Provision for doubtful debts and advances etc. 6889559

Provision for leave salary 16472903

Other deferred tax asset giving rise to timing difference 62761

Total 23425223 12190048

Net Deferred Tax Liability/ (Asset) as at the end of current reporting period -11235175

78

4& xSj pkyw nkf;Ro & vU; nh?kZdkyhu nkf;Ro

1) vU; nh?kZ dkyhu nkf;Ro (dkjil)

orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kdh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#-)

(v) dkjil fuf/k (foi.ku dsUnz)

d) Hkkjr ljdkj ls izkfIr;ka 82580850 82580850

[k) ?kVk;k & lfefr;ksa dh vksj ls foi.ku dsUnzksa eas LFkku 88292028 87658221

vf/kxzg.k ds fy, Hkqxrku dh x;h /kujkf'k

x) tksM+k & lfefr;ksa ls izkIr /kujkf'k ftlesa 94354957 93492963

lek;kstu lfEefyr gSA

?k) ?kVk;k & ljdkj dks okil@lek;ksftr 48158949 48158949

dh x;h /kujkf'k

³) ljdkj dks okil dh x;h ewy /kujkf'k ¼d&?k½ 34421901 34421901

p) lfefr;ksa ls izkfIr ;ksX; ¼[k&x½ -6062929 -5834742

N) vf/k'ks"k ¼d&[k$x&?k½ ;k ¼³&p½ 40484830 40256643

t) fofo/k [kpsZ ?kVkdj mikftZr C;kt /kujkf'k 96130619 83000634

;ksx & (N$t) 136615449 123257277

(c) d) Hkkjr ljdkj ls izkIr 65000000 65000000

[k) ?kVk;k % esxk lewg esa miHkksx gsrq 7500000 7500000

/kukjkf'k dk varj.k

x) vf/k'ks"k ¼d&[k½ 57500000 57500000

?k) fofo/k [kpZs ?kVkdj mikftZr C;kt /kujkf'k 16703604 9772626

;ksx & (x$?k) 74203604 67272626

dqy ;ksx & (v$c) 210819053 190529903

79

4 NON CURRENT LIABILITIES – OTHER LONG TERM LIABILITIES

I) Other Long Term Liability ( Corpus)

Figures at the Figures at theend of Current end of Previous

reporting period(Rs.) reporting Period (Rs.)

(A) Corpus Fund ( Marketing Complex)

a) Receipt from Govt. of India 82580850 82580850

b) Less: Amount paid for acquisition of space for

complexes on behalf of agencies 88292028 87658221

c) Add: Amount realised from agencies 94354957 93492963

including adjustments

d) Less: Amount adjusted/ refunded to Govt. 48158949 48158949

e) Principle amount refundable to Govt. (a-d) 34421901 34421901

f) Recievable from agencies (b-c) -6062929 -5834742

g) Balance (a-b+c-d) or (e-f) 40484830 40256643

h) Amount of Interest accrued less 96130619 83000634

miscellaneous expenditure

Total (g+h) 136615449 123257277

(B) Corpus Fund ( Mega Cluster )

a) Receipt from Govt. of India 65000000 65000000

b) Less: Amount transferred for utilisation 7500000 7500000

in Mega Cluster

c) Balance (a-b) 57500000 57500000

d) Amount of Interest accrued less 16703604 9772626

miscellaneous expenditure

Total (c+d) 74203604 67272626

GRAND TOTAL ( A+B) 210819053 190529903

80

II) vU; nh?kZdkyhu nkf;RoorZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#-)

izfrHkwfr tek & &

dqy 0 0

i½ miHkksDrk lfefr;ksa dh vksj ls eqEcbZ] bankSj rFkk u;h fnYyh esa foi.ku dsUnzkas dh iDdh [kjhn gsrq] Hkkjr ljdkj }kjk tkjh/kujkf'k dks] ljdkjh funsZ'kkuqlkj igys mls dkjil fuf/k [kkrs esa tek djus ds mijkUr] lEcfU/kr laLohd`fr vkns'k dh'krksZa ds vuqlkj mldk mi;ksx fd;k x;kA foi.ku dsUnkssa dh LFkkiuk ij gq, O;; dks dkjil fuf/k ls izHkkfjr fd;k x;kAlfefr;ksa ls izkIr /kujkf'k rFkk LFkk;h tek ij izkIr C;kt dks Hkh dkjil fuf/k esa tek fd;k x;k gSA

ii½ miHkksDrk lfefr;ksa ls Hkwry fdjk;k rFkk Ø; ewY; ds le{k olwyh ;ksx dqy /kujkf'k #-88292028 ¼foxr o"kZ #-87658221½ FkhA pkyw foRrh; o"kZ dh lekfIr ij 2 lfefr;ksa ¼foxr o"kZ 3 lfefr;ksa½ ij #-1522241 dh /kujkf'k ¼foxro"kZ #- 1631515½ cdk;k gS rFkk fnYyh foi.ku dsUnz esa 2 [kkyh nqdkuksa ¼foxr o"kZ 2½ ds le{k #-4631286 ¼foixro"kZ #- 4589032½ yfEcr gSA pkyw foRrh; o"kZ dh lekfIr rd lfefr;ksa ls izkIr /kujkf'k esa #- 500000 ¼foxr o"kZ #-500000½ lfEefyr gS tks fd ,d lfefr ls izkIr gq;h gSaA ¼foxr o"kZ ,d ,tsUlh½ ftUgksaus nqdku [kkyh dj nh gSA

iii½ okjk.klh rFkk f'kolkxj dyLVj ds gFkdj?kk cqudjksa dks lwr dh vkiwfrZ gsrq ßvkorZudkjh dk;Z'khy iwathÞ ds :i esa iz;ksxdjus gsrq Hkkjr ljdkj }kjk tkjh fuf/k dks lEcfU/kr laLohd`fr vkns'k dh 'krksZa ds vuqlkj mi;ksx fd;k x;k gSaA bl dks"kdk iz;ksx jkT; funs'kd ¼gFkdj?kk½ }kjk dh x;h laLrqfr;ksa ds vk/kkj ij gFkdj?kk laLFkkuksa dks lwr dh vkiwfrZ gsrq dk;Z'khyiwath ds :i esa fd;k x;k gSA LFkk;h tek ij izkIr C;kt esa ls QqVdj [kpsZ ¼;fn dksbZ gS½ dks lek;ksftr djrs gq, mls mDrdk;Z'khy iwath dks"k esa tek dj fn;k x;k gSA

5- xSj orZeku nkf;Ro & nh?kZdkyhu izkfo/kku

fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#-)

0

0

6- orZeku nkf;Ro & vYidkyhu m/kkfj;ka

fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#-)

izfrHkwfr _.k py ifjlEifÙk;ksa rFkk cgh

_.k ds le{k cSadksa ls - -

0 0

fuxe }kjk lkfof/k tek ds le{k eq[;ky; y[kuÅ gsrq #- 7000000 rFkk {ks=h; dk;kZy; ikuhir gsrq #- 2000000 vksoj

Mªk¶V lhek yh x;h gSaA {ks=h; dk;kZy; dksydkrk dks #- 7000000 esa ls #- 3500000 milhek iznku dh x;h gSA

81

II) Other Long Term Liabilities

Figures at the Figures at the

end of Current end of Previous

reporting period(Rs) reporting Period(Rs)

Security Deposit - -

Total 0 0

i) As per Government directives, funds released by the Government of India for outright purchases

of Marketing Complexes on behalf of user agencies at Mumbai, Indore and New Delhi, after initially

crediting them to corpus fund account have been utilized as per terms of relevant sanction order. The

expenditure incurred on setting up of marketing complexes has been charged to corpus fund. The

amount received from the agencies and interest earned on fixed deposits has been credited thereto.

ii) Further, out of Rs. 88292028 (Previous year Rs.87658221) being total amount recoverable from user

agencies against purchase cost and ground rent, an amount of Rs.1522241 (Previous year Rs. 1631515)

is outstanding as at the end of current reporting period from 2 nos. agencies (Previous year 3 nos.

agencies) and Rs.4631286 (Previous year Rs.4589032) pending against vacant shops – 2 nos. (Previous

year 02 nos.) at Delhi marketing complex. Amount received from agencies till the end of current reporting

period includes Rs. 500000 (Previous year Rs. 500000) received from 1 no. agencies (Previous year

01 no. agency), who have now opted out.

iii) As per Government directives, the funds released by Govt. of India for use as ‘rotating working capital’

for supply of yarn to the Handloom weavers in Varanasi and Sivsagar Mega cluster have been utilised

as per terms of relevant sanction order. The fund has been used as working capital for supplying yarn

to the Handloom agencies recommended by the State Director ( Handlooms). The amount of interest

earned on fixed deposits after adjusting the Misc. expenditure if any, has been credited thereto.

5. NON - CURRENT LIABILITIEIS - LONG TERM PROVISION

Figures at the Figures at the end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

0 0

6. CURRENT LIABILITIEIS - SHORT TERM BORROWINGS

Figures at the Figures at the

end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

Secured LoansFrom banks against hypothecation

of book debts and moveable assets - -

0 0

Corporation has taken an over-draft limit of Rs. 7000000 at Head Office Lucknow & Rs. 2000000 at

Regional Office Panipat against security of Fixed Deposits. Out of Rs. 7000000 a sub limit of Rs. 3500000

has been given to Regional Office Kolkata.

82

7- orZeku nkf;Ro & O;kikj ns;rk;saorZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#-)

fofo/k ysunkj ¼,l,lvkbZ bdkbZ dks ns; 1348573462 1128112393

¼#- 789725907 lfEefyr bdkb;ka &foxr o"kZ #- 514082426 xzkgdksa@vU; ls vfxze 68324167 63887495

dqy 1416897629 1191999888

¼i½ cdk;k iqf"V fujUrj izfØ;k gSA pkyw fjiksfVZax vof/k dh lekfIr ij o"kZ ds vUr ds cdk;ksa dks iqf"V gsrq izsf"kr fd;k x;k gS rFkkfiizkIr cdk;k iqf"V fuEufyf[kr gS &

fooj.k ;ksx pkyw fjiksfVZax vof/k pkyw fjiksfVZax vof/kdh lekfIr izkIr iqf"V dh lekfIr ij

cdk;ksa dh iqf"V dk %,tsUlh cdk;k ,tsUlh cdk;k /kujfk'k cdk;kdh la- /kujkf'k #- dh la- /kujkf'k #- dh la- /kujkf'k #-

ysunkj 482 1348573462 133 684174748 27.59 50.73

xzgdksa@vU;ksa ls vfxze 1389 68324167 25 7432185 1.80 10.88

mijksDrkuqlkj n'kkZ, x, cdk;ksa dh iqf"V esa mUgsa lfEefyr ugha fd;k x;k gS] ftu ij dksbZ fookn gks] dsoy mUgha cdk;ksa dks ftuesa fdizfof"V;ksa ds vUrj@lek/kku nksuksa ikfVZ;ksa dks ekU; gks dks gh lfEefyr fd;k x;k gSA cdk, tks fd iqf"V gsrq yfEcr gS mudh ;Fkk le; leh{kk rFkklek/kku fd;k tk;sxk rFkk ;fn bu ekeyksa esa dksbZ lek/kku okafNr gksxk rks mls djus ds i'pkr budk lek;kstu fd;k tk;sxkAii½ fofo/k nsunkj ftlesa fd y?kq m|ksxksa dks ns; /kujkf'k #- 299234610 ¼foxr o"kZ #- 119032362½ tks pkyw fjiksfVZax vofèk dh lekfIr ij 30

fnolksa ls vf/kd le; ls cdk;k gSAmijksDrkuqlkj /kujkf'k ftlds ysunkj y?kq m|ksx gSa ftls muds lkFk r; O;oLFkk ds vk/kkj ij jksd fn;k x;k gS dk Hkqxrku lEcfU/kr

nsunkjksa ls Hkqxrku izkIr gksus ds i'pkr fuxZr fd;k tk;sxkAiii½ mi;qZDr ds vfrfjDr dksbZ ,sls lw{e rFkk y?kq m|ksx ugha gS ftudk fuxe ij pkyw fjiksfVaZx vof/k dh lekfIr ij 45 fnolksa ls vf/kd ds cdk;k

gksaA bl lwpuk dk izdVhdj.k tks lw{e] y?kq rFkk e/;e miØe fodkl vf/kfu;e 2006 ds varxZr okaNuh; gS dks fuxe ds ikl miyC/k lwpukds vk/kkj ij ikfVZ;ksa dks fu/kkZfjr rFkk fpfUgr fd;k x;k gSA bl lwpuk ij ys[kk ijh{kdksa }kjk Hkjkslk fd;k x;k x;k gSA

8- pkyw nk;fRo & vU; pkyw nkf;RoorZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vkadM+s (#-) dh lekfIr ij vkadM+s (#-)

izfrHkwfr tek 613722 613722

ljdkjh vuqnku@Hkkxhnkjh /ku ¼fooj.k fuEuor gS½ 16477029 32475812

izfr/kkj.k /ku 341649 341649

cdk;k /ku 488762 471762

dkjil fuf/k ¼lewg fodkl½ 114790437 106567663

dkjil fuf/k ¼esxk lewg½ 7500000 7500000

,ethih,l ds la?kVd10% lwr vuqnku ds le{k vfxze 314536517 0

ifjogu rFkk fMiks ns; 253500908 167081839

vU; nkf;Ro 19300296 17537097

;ksx 727549320 332589544

83

7 CURRENT LIABILITIES – TRADE PAYABLESFigures at the Figures at the

end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

Sundry creditors 1348573462 1128112393

(Includes Rs 789725907 payable to

S.S.I units – Previous year Rs.514082426 )

Advance from customers/others 68324167 63887495

Total 1416897629 1191999888

i) The balance confirmation is a continuous process. The year end balances as at the end of current reporting period has

been sent to all the creditors and other parties for confirmation, however, confirmation has been received as follows:-

Particulars Total Confirmation received % of Confirmation of

as at the end of current balances as at the end of

reporting period current reporting period

No. of Amount No. of Amount No. of Amount

Agencies outstanding ( Rs.) Agencies outstanding( Rs.) Agencies ( %) outstanding ( %)

Creditors 482 1348573462 133 684174748 27.59 50.73

Advance from customers/ others 1389 68324167 25 7432185 1.80 10.88

The confirmed balances shown above do not include those, where there is any dispute, but only those balances where the entries on

account of difference/ reconciliation are acceptable to both the parties. The balances which are pending for confirmation will be reviewed and

reconciled in due course and the adjustment, if any, required in these cases will be made as soon as reconciled.

ii) Sundry Creditors include amount of Rs. 299234610 (Previous year Rs. 119032362) payable to Small Scale Industries, outstanding for more

than 30 days as at the end of current reporting period.

The amount due to creditors being small scale industries as above has been withheld based on the arrangement with them, wherein, the

payment will be released to them only after getting the payment from the corresponding debtors.

iii) Besides above, there are no micro and small enterprises, to whom the company owes dues which are outstanding for more than 45 days as

at the end of current reporting period. This information is required to be disclosed under the Micro, Small and Medium Enterprises Development

Act, 2006, has been determined to the extent such parties had been identified on the basis of information available with the corporation. This

has been relied upon by the auditors.

CURRENT LIABILITIES – OTHER CURRENT LIABILITIES

Figures at the Figures at the

end of Current end of Previousreporting period (Rs) reporting Period (Rs)

Security deposits 613722 613722

Govt. grants/participation money (See detail below) 16477029 32475812

Retention money 341649 341649

Earnest money 488762 471762

Corpus fund (Cluster development) 114790437 106567663

Corpus fund (Mega Cluster) 7500000 7500000

Advance against 10% Yarn Sunsidy component of MGPS 314536517 0

Transportation and depot payable 253500908 167081839

Other Liabilities 19300296 17537097

Total 727549320 332589544

84

i) vuqnku fooj.kpkyw fjiksfVax vof/k gsrq ljdkjh vuqnku rFkk Hkkxhnkjh /ku dk fooj.k

+Ø- fooj.k 1-4-20121-4-20121-4-20121-4-20121-4-2012 o"kZ ds nkSjku izkfIr;ka ;ksx o"kZ ds nkSjku dk;Z lapkyu ;ksx 31-3-2031-3-2031-3-2031-3-2031-3-201313131313la- dks ljdkj Hkkxhnkjksa O;; okilh@ dksdksdksdksdks

izkjfEHkd ls ls lek;kstu cdk;kcdk;kcdk;kcdk;kcdk;k'ks"k varj.k

1 2 3 4 5 6 (3+4+5) 7 8 9(7+8) 10(6-9)

1 foi.ku izn'kZuh [kpsZ

ddddd flYd QSc dks;EcVwj 0 1000000 635933 1635933 2495270 -859337 1635933 0

[k[k[k[k[k flYd QSc p.Mhx<+ 0 1906914 617085 2523999 2523999 0 2523999 0

xxxxx flYd QSc t;iqj 0 1000000 952007 1952007 2867357 -915350 1952007 0

?k?k?k?k?k flYd QSc te'ksniqj 0 1437118 535817 1972935 1972935 0 1972935 0

³³³³³ flYd QSc tcyiqj 0 1921332 941250 2862582 2862582 0 2862582 0

ppppp flYd QSc eqEcbZ 0 1926364 2805652 4732016 4732016 0 4732016 0

NNNNN flYd QSc Hkksiky 0 1000000 778562 1778562 2337460 -558898 1778562 0

ttttt flYd QSc vgenkckn 0 1956452 1373933 3330385 3330385 0 3330385 0

>>>>> flYd QSc lwjr 0 1922126 818165 2740291 2740291 0 2740291 0

´k´k´k´k´k flYd QSc iVuk 0 1000000 1142809 2142809 3090675 -947866 2142809 0

VVVVV flYd QSc dksydkrk 0 1927084 1221717 3148801 3148801 0 3148801 0

BBBBB flYd QSc bUnkSj 0 1000000 1440101 2440101 3375729 -935628 2440101 0

MMMMM flYd QSc ukxiqj 0 1000000 644453 1644453 2238810 -594357 1644453 0

<<<<< flYd QSc psUubZ 0 1992849 1571829 3564678 3564678 0 3564678 0

.k.k.k.k.k flYd QSc fldUnjkckn 0 1971895 1632530 3604425 3604425 0 3604425 0

rrrrr flYd QSc y[kuÅ 0 1865052 1012448 2877500 2877500 0 2877500 0

FkFkFkFkFk flYd QSc jkaph ¼11&1211&1211&1211&1211&12½ 977657 925699 582083 2485439 2485439 0 2485439 0

nnnnn owy QSc Hkksiky 0 1352593 263723 1616316 1616316 0 1616316 0

/k/k/k/k/k owy QSc y[kuÅ 0 1000000 311931 1311931 2158466 -846535 1311931 0

uuuuu flYd QSc fot;okM+k 0 1000000 47500 1047500 1096467 -48967 1047500 0

iiiii flYd QSc psUubZ ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

QQQQQ flYd QSc eqEcbZ ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

ccccc flYd QSc lwjr ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

HkHkHkHkHk flYd QSc te'ksniqj ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

eeeee flYd QSc fo'kk[kkiVue ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

;;;;; flYd QSc cSaxyksj ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

jjjjj flYd QSc ,ukZdqye ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

yyyyy flYd QSc jkaph ¼2011&12½¼2011&12½¼2011&12½¼2011&12½¼2011&12½ 1000000 0 0 1000000 0 0 0 1000000

(#-)

85

i) Grant Statement

DETAILS OF GOVERNMENT GRANTS & PARTICIPANTS MONEY FOR CURRENT REPORTING PERIOD

Sl. PARTICULARS Opening Received During the year Total Transaction During the Year Total Balance

No. Balance From From Expenses Refund/ as on

1.4.2012 Govt. Partic- Adjustment/ 31.3.2013

ipants Transfer

1 2 3 4 5 6 (3+4+5) 7 8 9(7+8) 10(6-9)

1 Marketing Exhibition Expenses

a Silk Fab, Coimbatore 0 1000000 635933 1635933 2495270 -859337 1635933 0

b Silk Fab, Chandigarh 0 1906914 617085 2523999 2523999 0 2523999 0

c Silk Fab, Jaipur 0 1000000 952007 1952007 2867357 -915350 1952007 0

d Silk Fab, Jamshedpur 0 1437118 535817 1972935 1972935 0 1972935 0

e Silk Fab, Jabalpur 0 1921332 941250 2862582 2862582 0 2862582 0

f Silk Fab Mumbai 0 1926364 2805652 4732016 4732016 0 4732016 0

g Silk Fab Bhopal 0 1000000 778562 1778562 2337460 -558898 1778562 0

h Silk Fab, Ahemdabad 0 1956452 1373933 3330385 3330385 0 3330385 0

i Silk Fab, Surat 0 1922126 818165 2740291 2740291 0 2740291 0

j Silk Fab, Patna 0 1000000 1142809 2142809 3090675 -947866 2142809 0

k Silk Fab Kolkata 0 1927084 1221717 3148801 3148801 0 3148801 0

l Silk Fab Indore 0 1000000 1440101 2440101 3375729 -935628 2440101 0

m Silk Fab Nagpur 0 1000000 644453 1644453 2238810 -594357 1644453 0

n Silk Fab Chennai 0 1992849 1571829 3564678 3564678 0 3564678 0

o Silk Fab Secunderabad 0 1971895 1632530 3604425 3604425 0 3604425 0

p Silk Fab Lucknow 0 1865052 1012448 2877500 2877500 0 2877500 0

q Silk Fab Ranchi (11-12) 977657 925699 582083 2485439 2485439 0 2485439 0

r Wool Fab, Bhopal 0 1352593 263723 1616316 1616316 0 1616316 0

s Wool Fab, Lucknow 0 1000000 311931 1311931 2158466 -846535 1311931 0

t Silk Fab Vijaywada 0 1000000 47500 1047500 1096467 -48967 1047500 0

u Silk Fab Chennai 2011-12 1000000 0 0 1000000 0 0 0 1000000

v Silk Fab Mumbai 2011-12 1000000 0 0 1000000 0 0 0 1000000

w Silk Fab Surat 2011-12 1000000 0 0 1000000 0 0 0 1000000

x Silk Fab Jamshedpur ( 2011-12) 1000000 0 0 1000000 0 0 0 1000000

y Silk Fab Visakhapatnam ( 2011-12) 1000000 0 0 1000000 0 0 0 1000000

z Silk Fab Banglore ( 2011-12 ) 1000000 0 0 1000000 0 0 0 1000000

aa Silk Fab Earnakulam ( 2011-12) 1000000 0 0 1000000 0 0 0 1000000

ab Silk Fab Ranchi ( 2011-12) 1000000 0 0 1000000 0 0 0 1000000

(Rs)

86

+Ø- fooj.k 1-4-20121-4-20121-4-20121-4-20121-4-2012 o"kZ ds nkSjku izkfIr;ka ;ksx o"kZ ds nkSjku dk;Z lapkyu ;ksx 31-3-20131-3-20131-3-20131-3-20131-3-20133333la- dks ljdkj Hkkxhnkjksa O;; okilh@ dksdksdksdksdks

izkjfEHkd ls ls lek;kstu@ cdk;kcdk;kcdk;kcdk;kcdk;k'ks"k varj.k

1 2 3 4 5 6(3+4+5) 7 8 9(7+8) 10(6-9)

2 lewg fodkl dk;ZØe (onZoku)2 lewg fodkl dk;ZØe (onZoku)2 lewg fodkl dk;ZØe (onZoku)2 lewg fodkl dk;ZØe (onZoku)2 lewg fodkl dk;ZØe (onZoku) 0 1402000 1402000 1402000 0 1402000 0

33333 izf'k{k.k dk;ZØe gFkdj?kkizf'k{k.k dk;ZØe gFkdj?kkizf'k{k.k dk;ZØe gFkdj?kkizf'k{k.k dk;ZØe gFkdj?kkizf'k{k.k dk;ZØe gFkdj?kk

ddddd okjk.klh gS.Mywe esxk lewg 04 485362 0 0 485362 565914 -80552 485362 0

foLrkj iVy

[k[k[k[k[k lwpuk f'k{kk rFkk lapkj 18640000 0 0 18640000 12923146 0 12923146 5716854

gsrq vuqnku

xxxxx gFkdj?kk ds fgLlksa dh vkiwfrZ gsrq vuqnku 0 2000000 0 2000000 0 0 0 2000000

?k?k?k?k?k ljdkjh ;kstukvksa ds izpkj ij xks"Bh 0 0 0 0 421112 -421112 0 0

dk vk;kstu

³³³³³ xq.koRrk jaxlkth izf'k{k.k dk;ZØe 0 0 0 0 318659 -318659 0 0

ppppp mRikn fofo/krk 0 0 0 0 355523 -355523 0 0

NNNNN dUuwj] Hkqous'oj] gSnjkckn esa 0 124500 0 124500 221719 -97219 124500 0

Øsrk foØsrk feyu

ttttt dsk;EcVwj esa Øsrk foØsrk feyu 0 92000 0 92000 184000 -92000 92000 0

>>>>> xkSgkVh esa Øsrk foØsrk feyu 0 224100 0 224100 322824 -98724 224100 0

ttttt bEQky esa Øsrk foØsrk feyu 0 0 0 0 354922 -354922 0 0

VVVVV fg-iz- rFkk t- o dk- mÙkjkapy esa Øsrk foØsrk feyu 0 150000 0 150000 276353 -126353 150000 0

44444 leqfpr izkS|ksfxdh ij izn'kZuhleqfpr izkS|ksfxdh ij izn'kZuhleqfpr izkS|ksfxdh ij izn'kZuhleqfpr izkS|ksfxdh ij izn'kZuhleqfpr izkS|ksfxdh ij izn'kZuh

ddddd l0izkS0iz0 tEew 284660 0 0 284660 -2340 287000 284660 0

5 cqudj tkx:drk dSEi5 cqudj tkx:drk dSEi5 cqudj tkx:drk dSEi5 cqudj tkx:drk dSEi5 cqudj tkx:drk dSEi 2919586 0 0 2919586 2159411 0 2159411 760175

6 cqudj LokLF; chek6 cqudj LokLF; chek6 cqudj LokLF; chek6 cqudj LokLF; chek6 cqudj LokLF; chek 1168547 0 0 1168547 22682 1145865 1168547 0

;ksx;ksx;ksx;ksx;ksx 32475812 33098078 19329528 84903418 74645526 -6219137 68426389 16477029

i) vuqnku fooj.kpkyw fjiksfVax vof/k gsrq ljdkjh vuqnku rFkk Hkkxhnkjh /ku dk fooj.k (#-)

87

i) Grant Statement

DETAILS OF GOVERNMENT GRANTS & PARTICIPANTS MONEY FOR CURRENT REPORTING PERIOD

Sl. PARTICULARS Opening Received During the year Total Transaction During the Year Total Balance

No. Balance From From Expenses Refund/ As On

1.4.2012 Govt. Partic- Adjustment/ 31.3.2013

ipants Transfer

1 2 3 4 5 6(3+4+5) 7 8 9(7+8) 10(6-9)

2 Cluster Dev. Programme (Burdwan) 0 1402000 1402000 1402000 0 1402000 0

3 Training Programme

a Varanasi H/LMega Cluster 04 485362 0 0 485362 565914 -80552 485362 0

Extension Counter

b Grant For Information Education 18640000 0 0 18640000 12923146 0 12923146 5716854

& Communication

c Grant For Supply of H/L Parts 0 2000000 0 2000000 0 0 0 2000000

d Organising Seminar on Dissemination 0 0 0 0 421112 -421112 0 0

of Govt.Schemes

e Quality DyeingTraining Programme 0 0 0 0 318659 -318659 0 0

f Product Diversification 0 0 0 0 355523 -355523 0 0

g Buyer Seller Meet at Kannur 0 124500 0 124500 221719 -97219 124500 0

Bhubaneshwar, Hyderabad

h Buyer Seller Meet at Coimbatore 0 92000 0 92000 184000 -92000 92000 0

j Buyer Seller Meet at Guwahati 0 224100 0 224100 322824 -98724 224100 0

j Buyer Seller Meet at Imphal 0 0 0 0 354922 -354922 0 0

k Buyer Seller Meet - HP,J&K,Uttaranchal 0 150000 0 150000 276353 -126353 150000 0

4 Appropriate Technology Exhibition

a. ATE JAMMU 284660 0 0 284660 -2340 287000 284660 0

5 Weavers Awareness Camp 2919586 0 0 2919586 2159411 0 2159411 760175

6 Weavers Health Insurance 1168547 0 0 1168547 22682 1145865 1168547 0

TOTAL 32475812 33098078 19329528 84903418 74645526 -6219137 68426389 16477029

(Rs)

88

(ii) Hkkjr ljdkj dh ,dhdr gFkdj?kk lewg fodkl ;kstuk ds varxZr lwr vkiwfrZ gsr dkjil fuf/k ds :i esa 340 lewgksa ls ¼foxro"kZ 309 lewgksa½ dkjil fuf/k ¼lewg fodkl½ ds :i esa #- 114790437 ¼foxr o"kZ #- 106567663½ izkIr gqbZA

(iii) 2 esxk lewgksa gsrq ¼foxr o"kZ 2 esxk lewg½ dkjil fuf/k ¼esxk lewg½ /kujkf'k #- 7500000 ¼foxr o"kZ 7500000½ ftlsmDr esxk lewgksa ds gFkdj?kk cqudjksa dks lwr vkiwfrZ dh lqfo/kk iznku djus gsrq lEcfU/kr {ks=h; dk;kZy;ksa dks varfjr fd;kx;kA

(iv) vU; ns;rkvksa lfefr;ksa ls izn'kZfu;ksa esa Hkkxhnkjh 'kqYd gsrq izkIr okilh ;ksX; /ku #- 8095183 ¼foxr o"kZ #- 9386558½lfEefyr gSA ekax@vfUre fuLrkj.k ds le{k /kujkf'k dks okil dj fn;k tk;sxkA

(v) fuxe dks ,ethih,l ds la?kVd 10 izfr'kr lwr vuqnku ds le{k ¼vkns'k la[;k 2@1@2011&12@Mhlh,p@,pokbZ,l@,euhih,e ds }kjk½ #- 620500000 vfxze ds :i esa izkIr gq, ftlesa fd pkyw foRrh; o"kZ ds nkSjku#- 305963483 dk miHkksx fd;k x;k rFkk pkyw foRrh; o"kZ dh lekfIr ij #- 314536517 'ks"k jgs gSaA

9- orZeku ns;rk;sa & vYidkyhu izkfo/kku (#-)foxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZax o"kZ ds nkSjkuo"kZ ds nkSjkuo"kZ ds nkSjkuo"kZ ds nkSjkuo"kZ ds nkSjku ;ksx;ksx;ksx;ksx;ksx HkqxrkuHkqxrkuHkqxrkuHkqxrkuHkqxrku o"kZ ds nkSjkuo"kZ ds nkSjkuo"kZ ds nkSjkuo"kZ ds nkSjkuo"kZ ds nkSjku pkyw fjiksfVaZxpkyw fjiksfVaZxpkyw fjiksfVaZxpkyw fjiksfVaZxpkyw fjiksfVaZx

fooj.k vof/k dh lekfIrvof/k dh lekfIrvof/k dh lekfIrvof/k dh lekfIrvof/k dh lekfIr lfEefyrlfEefyrlfEefyrlfEefyrlfEefyr dk miHkksxdk miHkksxdk miHkksxdk miHkksxdk miHkksx iqujkaduiqujkaduiqujkaduiqujkaduiqujkadu vof/k dh vof/k dh vof/k dh vof/k dh vof/k dhij cdk;kij cdk;kij cdk;kij cdk;kij cdk;k @izHkkfjr@izHkkfjr@izHkkfjr@izHkkfjr@izHkkfjr lekfIrlekfIrlekfIrlekfIrlekfIr

fd;k x;kfd;k x;kfd;k x;kfd;k x;kfd;k x;k ij cdk;kij cdk;kij cdk;kij cdk;kij cdk;k

vk;dj 14330000 39279262 53609262 14334262 39275000

miftZr vodk'k 47101045 23498274 70599319 7012744 63586575

minku ns;rk gsrq izkfo/kku 6676464 29353864 36030328 6676464 29353864

,Dlxszfl;k gsrq izkfo/kku 12462000 13612000 26074000 12441105 20895 13612000

izLrkfor ykHkka'k 5700000 14100000 19800000 5700000 14100000

izLrkfor ykHkka'k ij uSxfed dj 924690 2396295 3320985 924690 2396295

TOTAL 87194199 122239695 209433894 47089265 20895 162323734

(i) pkyw fjiksfVaZx vof/k gsrq izLrkfor ykHkka'k dk izfr bfDoVh va'k #- 7-42 gS ¼foxr o"kZ #- 3-00½(ii) ikfjHkkf"kr ykHk ;kstuk

vodk'k udnhdj.k rFkk minku dh nsunkjh dh ekU;rk iqujhf{kr ys[kk ekud ,,l&15 ds vuqlkj izkstsDVsM ;wfuV eSFkM+fof/k ls chekafdd ewY;kadu }kjk] nsunkjh ds orZeku ewY;ksa ds fu/kkZj.k ij vk/kkfjr gSAvodk'k udnhdj.k rFkk minku ds lEcU/k esa ifjHkkf"kr ykHk nkf;Ro ds izkjfEHkd rFkk vfUre 'ks"k dk fuiVku fuEuor~ gS&

vodk'k udnhdj.k

pkyw fjiksfVZax foxr fjiksfVaZxvof/k gsrq vof/k gsarq

chekafdd ewY;kadu ds vuqlkj o"kZ ds izkjEHk esa ikfjHkkf"kr ykHk nsunkjh 47101045 42451496

tksM+k & vU; lkoZtfud miØeksa ls ubZ Hkjrh bR;kfn ij izkIr /kujkf'k 226751 0

tksM+k & orZeku o"kZ ds [kpksZa ds izHkkj }kjk miyC/k djk;h x;h /kujkf'k 23498274 8081591

?kVk;k & ykHkksa dk Hkqxrku@vodk'k udnhdj.k 7239495 3432042

o"kZ dh lekfIr ij ikfjHkkf"kr ykHk nsunkjh 63586575 47101045

(#-)

89

ii) Corpus Fund ( Cluster Development) amounting to Rs. 114790437 ( Previous year Rs.106567663 )

received from 340 clusters ( Previous year 309 clusters ) as Corpus Fund for supply of yarn under the

Integrated Handloom Cluster Development Scheme of Govt. of India.

iii) Corpus Fund ( Mega Cluster ) amounting to Rs. 7500000 ( Previous year Rs. 7500000) in respect of 2

Mega Clusters ( Previous year 2 Mega Cluster) has been transferred to the concerned field offices for

facilitating the supply of yarn to the handloom weavers in those Mega Clusters.

iv) Other liabilities include Rs.8095183 ( Previous year Rs.9386558) refundable on account of participation

money received towards exhibition from agencies. The amount shall be refunded against demand/ final

settlement.

v) Corporation has received a sum of Rs. 620500000 as advance against 10% Yarn Subsidy component

of MGPS (vide Sanction No- 2/1/2011-12/DCH/P&S/HYS/MGPS) out of which during the current financial

year a sum of Rs. 305963483 has been utilised & the remaining balance of Rs. 314536517 is lying as at

the end of current reporting period.

9 CURRENT LIABILITIES – SHORT TERM PROVISIONS

Balance as at Addition during Total Payment Written back Balance as at

Particulars the end of the year utilisation/ during the the end of

previous charged off year current

reporting reporting

period period

Income tax 14330000 39279262 53609262 14334262 39275000

Accrued leave 47101045 23498274 70599319 7012744 63586575

Provision for gratuity liability 6676464 29353864 36030328 6676464 29353864

Provision for ex-gratia 12462000 13612000 26074000 12441105 20895 13612000

Proposed dividend 5700000 14100000 19800000 5700000 14100000

Corporate tax on proposed dividend 924690 2396295 3320985 924690 2396295

TOTAL 87194199 122239695 209433894 47089265 20895 162323734

i) The Proposed dividend per equity share for the current reporting period is Rs. 7.42 ( Previous year

Rs.3.00).

ii) Defined Benefit PlanThe obligation for leave encashment and gratuity is recognized based on the present value of obligation

determined by actuarial valuation using the Projected Unit Credit Method as per revised AS-15.

The reconciliation of opening and closing balances of defined benefit obligation in respect of leave

encashment and gratuity is as below:-( Rs.)

Leave Encashment

For the current For the Previous

reporting period reporting Period

Defined benefit obligation at the beginning of the year as per actuarial valuation 47101045 42451496

Add: Amount received from new joinee etc. from other PSU. 226751 0

Add: Amount provided by charging to current year’s expenses 23498274 8081591

Less : Benefit paid/ leaves en-cashed 7239495 3432042

Defined benefit obligation at year end 63586575 47101045

( Rs.)

90

fuxe }kjk Hkkjrh; thou chek fuxe ds ikl minku dks"k cuk;k x;k gS] ftlesa thou chek fuxe }kjk fu/kkZfjr /kujkf'k ds vk/kkj ij dks"k esaokf"kZd va'knku fd;k tkrk gS rFkkfi fuxe }kjk o"kZ ds vUr esa ,-,l-&15 ds vuqlj Lora= chekadd ls chekafdd ewY;kadu djk;k tkrk gSA pkyw fjiksfVZaxvof/k dh lekfIr rd minku dks"k ¼thou chek fuxe ds ikl LFkkfir½ esa miyC/k jkf'k ls vf/kd dh minku ns;rk dk izkfo/kku] fuEufyf[kr gS& (#-)(#-)(#-)(#-)(#-)

fooj.k fooj.k fooj.k fooj.k fooj.k minku minku minku minku minku

pkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZax foxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrq vof/k gsrvof/k gsrvof/k gsrvof/k gsrvof/k gsr

Hkkjrh; thou chek fuxe ds lkFk] o"kZ ds izkjEHk esa ikfjHkkf"kr ykHk nsunkjh 69297589 58112936

tksM+k & Hkkjrh; thou chek fuxe ds lkFk fuf/k;ksa ij vftZr C;kt 6827795 5704866

tksM+k & pkyw o"kZ ds [kpksZa esa izHkkfjr ,oa Hkqxrku fd;k x;k va'knku 6858856 9781477

?kVk;k & ykHk dk Hkqxrku@nkok fuLrkj.k 3118178 4301690

thou chek fuxe ds lkFk o"kZ dh lekfIr ij ikfjHkkf"kr ykHk&nsunkjh 79866062 69297589

tksM+k & minku dks"k va'knku gsrq vkxs cuk;s x;s izkfo/kku 29353864 6676464

izkfo/kku ds i'pkr o"kZ dh lekfIr ij ikfjHkkf"kr ykHk nsunkjh 109219926 75974053

chekafdd iwokZuqekuchekafdd iwokZuqekuchekafdd iwokZuqekuchekafdd iwokZuqekuchekafdd iwokZuqekuminku vodk'k udnhdj.kminku vodk'k udnhdj.kminku vodk'k udnhdj.kminku vodk'k udnhdj.kminku vodk'k udnhdj.k

pkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZax foxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZax pkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZax foxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrq vof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrq vof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrq vof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrq

e`R;q la[;k rkfydkNwV dh nj 8.00% 8.50% 8.00% 8.50%

Hkkoh osru o`f) 11.00% 7.50% 11.00% 7.50%

o`f)nj 2.00% 2.00% 2.00% 2.00%

pkyw fjiksfVZax vof/k ij jk0g0fo0fu0 minkupkyw fjiksfVZax vof/k ij jk0g0fo0fu0 minkupkyw fjiksfVZax vof/k ij jk0g0fo0fu0 minkupkyw fjiksfVZax vof/k ij jk0g0fo0fu0 minkupkyw fjiksfVZax vof/k ij jk0g0fo0fu0 minkuI. iwokZuqeku iwokZuqeku iwokZuqeku iwokZuqeku iwokZuqeku pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

fiNys o"kZ ij NwV 8.50%

fiNys o"kZ vk;kstuk lEifÙk ij vk;nj 8.60%

fiNys o"kZ osru o`f) 7.50%

fiNys o"kZ dh o`f) nj 2.00%

orZeku o"kZ dh NwV nj 8.00%

orZeku o"kZ vk;kstuk lEifÙk ij vk; nj 8.70%

orZeku o"kZ osru o`f) 11.00%

orZeku o"kZ dh o`f)nj 2.00%

II. ykHk ns;rk esa gq;s ifjorZu dh lkj.kh ykHk ns;rk esa gq;s ifjorZu dh lkj.kh ykHk ns;rk esa gq;s ifjorZu dh lkj.kh ykHk ns;rk esa gq;s ifjorZu dh lkj.kh ykHk ns;rk esa gq;s ifjorZu dh lkj.kh pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

o"kZ ds vkjEHk esa ns;rk 75974053

C;kt ykxr 6457795

orZeku lsok ykxr 3448847

iwoZ lsok 'kqYd ¼xSj fufgr ykHk½ 0

iwoZ lsok 'kqYd ¼fufgr ykHk½ 0

fuiVku esa vUrfjr ns;rk 0

fuiVku ls vUrfjr ns;rk 0

ykHk dk Hkqxrku -3118178

ns;rkvksa ij chekafdd ¼ykHk@gkfu½ 26457409

o"kZ ds vUr esa ns;rk 109219926

91

Corporation is maintaining a Gratuity fund with M/s LIC wherein annual contribution is made to the fund based on

the amount determined by it. However, the corporation is also getting the actuarial valuation done from an independent

actuary, as per AS-15 at the year end. The gratuity liability in excess of the amount available in the Gratuity fund (maintained

with M/s LIC) as at the end of current reporting period has been shown as provision for gratuity liability as under:-

(Rs.)

Particulars GRATUITY

For the current For the previous

reporting period reporting period

Defined benefit obligation at the beginning of the year with LIC 69297589 58112936

Add : Interest earned on funds with LIC 6827795 5704866

Add : Contribution paid and charged to current year’s expenses. 6858856 9781477

Less : Benefit paid/ claim settled. 3118178 4301690

Defined benefit obligation at year end with LIC. 79866062 69297589

Add : Further provision made against contribution towards Gratuity fund. 29353864 6676464

Defined benefit obligation at year end after provision. 109219926 75974053

ACTURIAL ASSUMPTION

GRATUITY LEAVE ENCASHMENT

For the current For the previous For the current For the previousreporting period reporting period reporting period reporting period

Mortality table

Rate of discounting. 8.00% 8.50% 8.00% 8.50%

Future salary rise. 11.00% 7.50% 11.00% 7.50%

Attrition rate. 2.00% 2.00% 2.00% 2.00%

NHDC GRATUITY AS AT THE END OF CURRENT REPORTING PERIOD

I. ASSUMPTIONS: For the current reporting period( Rs.)

Discount rate Previous year 8.50%Rate of return on Plan Assets Previous year 8.60%Salary Escalation Previous year 7.50%Attrition Rate Previous year 2.00%Discount Rate Current year 8.00%Rate of return on Plan Assets Current year 8.70%Salary Escalation Current year 11.00%Attrition Rate Current year 2.00%

II. Table showing change in Benefit Obligation For the current reporting period ( Rs.)

Liability at the beginning of the year 75974053Interest cost 6457795Current Service Cost 3448847Past Service Cost (Non vested Benefit) 0

Past Service Cost (Vested Benefit) 0Settlement Liability Transfer in 0Settlement Liability Transfer out 0Benefit Paid -3118178Actuarial (gain) / loss on obligations 26457409

Liability at the end of the year 109219926

92

III. vk;kstuk lEifRr dh mfpr ewY; lkj.khvk;kstuk lEifRr dh mfpr ewY; lkj.khvk;kstuk lEifRr dh mfpr ewY; lkj.khvk;kstuk lEifRr dh mfpr ewY; lkj.khvk;kstuk lEifRr dh mfpr ewY; lkj.kh pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)o"kZ ds vkjEHk esa vk;kstuk lEifÙk dk mfpr ewY; 69297589

vk;kstuk lEifÙk ij lEHkkfor vk; va'knku 5959593

va'knku 6858856

vU; dEiuh ls vUrfjr 0

vU; dEiuh dks vUrfjr 0

ykHk dk Hkqxrku -3118178

vk;kstuk lEifÙk ij chekafdr miyfC/k@¼gkfu½ 868202

o"kZ ds vUr esa vk;kstuk lEifÙk dk mfpr ewY; 79866062

IV. vUroZrhZ ns;rk dh LohdfrvUroZrhZ ns;rk dh LohdfrvUroZrhZ ns;rk dh LohdfrvUroZrhZ ns;rk dh LohdfrvUroZrhZ ns;rk dh Lohdfr pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

izkjEHk esa vuoZrhZ ns;rk 0

o"kZ ds nkSjku Lohdkj dh x;h vUroZrhZ ns;rk 0

vU; esa vUorZrhZ ns;rk 0

V. vk;kstuk lEifÙk ij lEHkkfor vk;vk;kstuk lEifÙk ij lEHkkfor vk;vk;kstuk lEifÙk ij lEHkkfor vk;vk;kstuk lEifÙk ij lEHkkfor vk;vk;kstuk lEifÙk ij lEHkkfor vk; pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

vk;kstuk lEifÙk ij lEHkkfor vk; 5959593

vk;kstuk lEifÙk ij chekafdr miyfC/k@¼gkfu½ 868202

vk;kstuk lEifÙk ij chekafdr miyfC/k@¼gkfu½ 6827795

VI. fLFkfr i=d esa Lohdkj dh x;h /kujkf'kfLFkfr i=d esa Lohdkj dh x;h /kujkf'kfLFkfr i=d esa Lohdkj dh x;h /kujkf'kfLFkfr i=d esa Lohdkj dh x;h /kujkf'kfLFkfr i=d esa Lohdkj dh x;h /kujkf'k pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

o"kZ ds vUr esa ns;rk 79866062

o"kZ ds vUr esa vk;kstx lEifÙk dk mfpr ewY; -109219926

vUrj -29353864

iwoZ lsok 'kqYd tks Lohdkj ugha fd;k x;k 0

vUrorhZ ns;rk tks Lohdkj ugh dh x;h 0

fLFkfr i=d esa Lohdkj dh x;h /kujkf'k -29353864

VII. vk; fooj.k esa Lohdr O;;vk; fooj.k esa Lohdr O;;vk; fooj.k esa Lohdr O;;vk; fooj.k esa Lohdr O;;vk; fooj.k esa Lohdr O;; pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

orZeku lsok ykxr 3448847

C;kt ykxr 6457795

vk;kstuk lEifÙk ij lEHkkfor vk; -5959593

iwoZ lsok ykxr ¼xSj fufgr ykHk½ tks ekU; fd;s x;siwoZ lsok ykxr ¼fufgr ykHk½ tks ekU; fd;s x;s 0

vUroZrh; ns;rk dh Lohd`fr 0

chekfdr ¼miyfC/k½ vFkok gkfu 25589207

ykHk gkfu [kkrs esa Lohdkj O;; 29536256

93

III. Tables of fair Value of Plan Assets For the current reporting period( Rs.)

Fair Value of Plan Assets at the beginning of the year 69297589

Expected Return on Plan Assets 5959593

Contributions 6858856

Transfer from other company 0

Transfer to other company 0

Benefit Paid -3118178

Actuarial gain/ (loss) on Plan Assets 868202

Fair Value of Plan Assets at the end of the year 79866062

IV. Recognition of Transitional Liability For the current reporting period( Rs.)

Transitional Liability at start 0

Transitional Liability recognized during year 0

Transitional Liability at end 0

V. Actual Return on Plan Assets For the current reporting period( Rs.)

Expected Return on Plan Assets 5959593

Actuarial gain/ (loss) on Plan Assets 868202

Actual Return on Plan Assets 6827795

VI. Amount Recognition in the Balance sheet For the current reporting period( Rs.)

Liability at the end of the year 79866062

Fair Value of Plan Assets at the end of the year -109219926

Difference -29353864

Unrecognized Past Service Cost 0

Unrecognized Transition Liability 0

Amount Recognized in the Balance sheet -29353864

VII. Expenses Recognized in the Income statement For the current reporting period( Rs.)

Current Service Cost 3448847

Interest Cost 6457795

Expected Return on Plan Assets -5959593

Past Service Cost (Non vested Benefit) recognized 0

Past Service Cost (Vested Benefit) recognized 0

Recognition of Transition Liability 0

Actuarial (Gain) or Loss 25589207

Expense recognized in Statement of Profit & Loss 29536256

94

VIII. fLFkfr i=d fuiVkufLFkfr i=d fuiVkufLFkfr i=d fuiVkufLFkfr i=d fuiVkufLFkfr i=d fuiVku pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

vkjfEHkd 'kq) ns;rk 6676464

mijksDrkuqlkj O;; 29536256

vU; dEiuh ls varj.k ¼'kq)½ 0

vU; dEiuh dks varj.k ¼'kq)½ 0

fu;ksDrk va'knku -6858856

fLFkfr i=d esa ekU; jkf'k 29353864

IX. fLFkfr i=d fuiVkufLFkfr i=d fuiVkufLFkfr i=d fuiVkufLFkfr i=d fuiVkufLFkfr i=d fuiVku pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)lsok vof/k ds izR;sd o"kZ ds 15 fnolksa ds osru dh nj ls minku ns; gS 0

ftldh vf/kdre lhek #- 10]00]000@& gS

chekafdr ykHk@gkfu dh x.kuk mlh o"kZ esa dh x;h gS ftl o"kZ esa ykHk@gkfu gqbZ gS 0

pwafd fuos'k ftl chek dEiuh esa fd, x, gSa muds fuos'k dh lwph miyC/k ugha

vr% tksf[ke eqDr fuos'k tSlh ih ih ,Q ij izkIr lEHkkfor vk; iwokZuqeku gSA 0

izksUufr rFkk deZpkfj;ksa dh ekax o vkiwfrZ dks ns[krs gq, m|ksx izFkk ds vuq:i osru 0

o`f) dks] tSlk fd dEiuh }kjk foosfpr gS] /;ku esa j[kk x;k gSA

lnL;ksa dh la[;k 198

osru izfrekg 7426928

vxys o"kZ ds fy, va'knku 7426928

X. ifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.kh pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

Hkkjr ljdkj dh ifjlEifÙk;ka 0

dkjiksjsV ckaM 0

fo'ks"k tek ;kstuk 0

jkT; ljdkj 0

lEifÙk 0

vU; 0

chekdrkZ lapkfyr dks"k 79866062

;ksx;ksx;ksx;ksx;ksx 79866062

XI. ifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.khifjlEifRr;ksa dh Js.kh pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)pkyw fjiksfVZax vof/k gsrq (#-)

vk;kstuk ns;rk ij ¼ykHk½ gkfu 6679229

vk;kstuk lEifÙk ij ykHk ¼gkfu½ 868202

95

VIII. Balance sheet reconciliation For the current reporting period( Rs.)

Opening Net Liability 6676464

Expenses as above 29536256

Transfer from other company (Net) 0

Transfer to other company (Net) 0

Employer’s contribution -6858856

Amount recognized in Balance sheet 29353864

IX. Other Details For the current reporting period( Rs.)

Gratuity is payable at the rate of 15 days salary 0

for each year of service subject to maximum of

Rs.10,00,000/-.

Actuarial gain/ loss is accounted in the year of occurrence. 0

As the investment is with the insurance 0

company, list of investment is not available

so expected return is assumed to be available

on risk free investment like PPF.

Salary Escalation is considered as advised by 0

the company which is in line with the industry

practice considering promotion and demand &

supply of the employees.

No. of members. 198

Salary per month 7426928

Contribution for next year 7426928

X. Category of Assets For the current reporting period( Rs.)

Government of India Assets 0

Corporate Bonds 0

Special Deposits Scheme 0

State Government 0

Propert 0

Other 0

Insurer Managed Funds 79866062

Total 79866062

XI. Experience Adjustment For the current reporting period( Rs.)

On Plan liability (Gain)/ Loss 6679229

On Plan asset (Loss)/ Gain 868202

96

1010101010 xSj orZeku ifjlEifÙk;ka & okLrfod ifjlEifÙk;k¡xSj orZeku ifjlEifÙk;ka & okLrfod ifjlEifÙk;k¡xSj orZeku ifjlEifÙk;ka & okLrfod ifjlEifÙk;k¡xSj orZeku ifjlEifÙk;ka & okLrfod ifjlEifÙk;k¡xSj orZeku ifjlEifÙk;ka & okLrfod ifjlEifÙk;k¡ (#-)(#-)(#-)(#-)(#-)

pkyw fjiksfVZax vof/k gsrq vkadM+s pkyw fjiksfVZax vof/k gsrq vkadM+s pkyw fjiksfVZax vof/k gsrq vkadM+s pkyw fjiksfVZax vof/k gsrq vkadM+s pkyw fjiksfVZax vof/k gsrq vkadM+s foxr o"kZ foxr o"kZ foxr o"kZ foxr o"kZ foxr o"kZ

ldy Cykdldy Cykdldy Cykdldy Cykdldy Cykd HkwfeHkwfeHkwfeHkwfeHkwfe HkouHkouHkouHkouHkou QuhZpjQuhZpjQuhZpjQuhZpjQuhZpj dk;kZyh;dk;kZyh;dk;kZyh;dk;kZyh;dk;kZyh; okguokguokguokguokgu dEI;wVjlZdEI;wVjlZdEI;wVjlZdEI;wVjlZdEI;wVjlZ ;ksx;ksx;ksx;ksx;ksx dh fjiksfVZaxdh fjiksfVZaxdh fjiksfVZaxdh fjiksfVZaxdh fjiksfVZax

rFkkrFkkrFkkrFkkrFkk rFkk fo|qrrFkk fo|qrrFkk fo|qrrFkk fo|qrrFkk fo|qr vof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrqvof/k gsrq

fQDpjfQDpjfQDpjfQDpjfQDpj midj.kmidj.kmidj.kmidj.kmidj.k vkadMsvkadMsvkadMsvkadMsvkadMs

o"kZ ds izkjEHk esa 3976644 19865850 4415230 5562836 2556625 8869209 45246394 43495197

o"kZ ds nkSjku vfHko`f) 0 0 146387 585208 0 1292511 2024106 2547947

o"kZ ds nkSjku varj.k@fcØh@lek;kstu 0 0 0 -69196 0 -224514 -293710 -796750

o"kZ dh lekfIr ij 3976644 19865850 4561617 6078848 2556625 9937206 46976790 45246394

gzklgzklgzklgzklgzkl

o"kZ ds vkjEHk esa 0 7237559 3153433 2166652 963786 6523062 20044492 19102704

o"kZ ds nkSjku varj.k@fcØhlek;kstu 0 0 0 -46971 0 -213287 -260258 -613831

o"kZ ds nkSjku gzkl 0 294513 175782 257098 241120 657326 1625839 1555619

o"kZ dh lekfIr ij 0 7532072 3329215 2376779 1204906 6967101 21410073 20044492

'kq¼ Cykd'kq¼ Cykd'kq¼ Cykd'kq¼ Cykd'kq¼ Cykd

o"kZ ds izkjEHk esa 3976644 12628291 1261797 3396184 1592839 2346147 25201902 24392493

o"kZ dh lekfIr ij 3976644 12333778 1232402 3702069 1351719 2970105 25566717 25201902

LFkk;h ifjlEifÙk;ka ftlesa dk;kZy; Hkou] lEifÙk] gLrkarj.k dh yfEcr vkSipkfjdrk,a rFkk leqfpr izkf/kdkfj;ksa ds lkFk iath;u vkfn lfEefyrgS] eqEcbZ esa #0 2163000 ¼foxr o"kZ #0 2163000½ dh /kujkf'k ftlls ifjlj dk dCtk izkIr dj fy;k x;k gS] ijUrq bl gsrq iath;u vf/kHkkjks dksO;; ds i'pkr gh iathd`r fd;k tk,xkA

ml lEifÙk dks {kfriw.kZ ekuk tkrk gS ftlds j[kj[kko dk [kpZ mlds olwyh ;ksX; ewY; ls vf/kd gks tk,A bl izdkj dh {kfr dks ml o"kZ ds ys[ksesa izHkkfjr fd;k tkrk gS ftl o"kZ ml lEifÙk dks {kfriw.kZ fpfUgr dj fn;k tkrk gSA o"kZ ds vUr esa fuxe dh ys[kk cfg;ksa esa n'kkZ;h x;h lEifÙk dkogh ewY; gS ftl ewY; ij mUgsa ogka fn[kk;k x;k gS rFkk ;fn dksbZ {kfr gS rks mls fLFkfr i=d ds uksV la[;k 28 esa n'kkZ;k x;k gSA

11 xSj orZeku ifjlEifÙk;ka & xSj okLrfod ifjlEifÙk;kaxSj orZeku ifjlEifÙk;ka & xSj okLrfod ifjlEifÙk;kaxSj orZeku ifjlEifÙk;ka & xSj okLrfod ifjlEifÙk;kaxSj orZeku ifjlEifÙk;ka & xSj okLrfod ifjlEifÙk;kaxSj orZeku ifjlEifÙk;ka & xSj okLrfod ifjlEifÙk;ka (#-) (#-) (#-) (#-) (#-)

dEI;wVj lk¶Vos;jdEI;wVj lk¶Vos;jdEI;wVj lk¶Vos;jdEI;wVj lk¶Vos;jdEI;wVj lk¶Vos;j

pkyw fjiksfVZax vof/kpkyw fjiksfVZax vof/kpkyw fjiksfVZax vof/kpkyw fjiksfVZax vof/kpkyw fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/k

ldy Cykdldy Cykdldy Cykdldy Cykdldy Cykd gsrq vkadM+sgsrq vkadM+sgsrq vkadM+sgsrq vkadM+sgsrq vkadM+s gsrq vkadM+sgsrq vkadM+sgsrq vkadM+sgsrq vkadM+sgsrq vkadM+s

o"kZ ds izkjEHk esa 2349401 2154401

o"kZ ds nkSjku vfHko`f) 43959 195000

o"kZ ds nkSjku varj.k@fcØh@lek;kstuo"kZ ds lekfIr ij 2393360 2349401

gzklgzklgzklgzklgzkl

o"kZ ds izkjEHk esa 1841907 1771765

o"kZ ds nkSjku lek;kstu 0

o"kZ ds nkSjku gzkl 101698 70142

o"kZ dh lekfIr ij 1943605 1841907

'kq¼ Cykd'kq¼ Cykd'kq¼ Cykd'kq¼ Cykd'kq¼ Cykd

o"kZ ds izkjEHk esa 507494 382636

o"kZ dh lekfIr ij 449755 507494

97

10 NON CURRENT ASSETS- TANGIBLE ASSETS (Rs.)

For the current reporting period For the

Gross Block Land Building Furniture Office & Vehicle Computers Total previous

& Fixture Electrical reporting

Equipment period

As at beginning of the year 3976644 19865850 4415230 5562836 2556625 8869209 45246394 43495197

Addition during the year 0 0 146387 585208 0 1292511 2024106 2547947

Transfer/ Sale/ Adjustments 0 0 0 -69196 0 -224514 -293710 -796750

during the year

As at end of the year 3976644 19865850 4561617 6078848 2556625 9937206 46976790 45246394

DEPRICIATION

As at beginning of the year 0 7237559 3153433 2166652 963786 6523062 20044492 19102704

Transfer/ Sale/ Adjustments 0 0 0 -46971 0 -213287 -260258 -613831

during the year

Depriciation during the year 0 294513 175782 257098 241120 657326 1625839 1555619

As at end of the year 0 7532072 3329215 2376779 1204906 6967101 21410073 20044492

NET BLOCK

As at beginning of the year 3976644 12628291 1261797 3396184 1592839 2346147 25201902 24392493

As at end of the year 3976644 12333778 1232402 3702069 1351719 2970105 25566717 25201902

Fixed Assets include office building, pending transfer formality of the property and registration with the AppropriateAuthorities, amounting to Rs.2163000 (Previous year Rs.2163000) at Mumbai, for which possession has been taken ofthe premises but Registration charges for the same will be capitalized as and when incurred.

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment lossis charged to the statement of profit and loss in the year in which the asset is identified as impaired. The assets asappearing in the books of accounts of the corporation at year end have the value at which they are appearing therein and

the impairment, if any, has been shown in the Note 28, to the balance sheet.

11 NON CURRENT ASSETS- INTANGIBLE ASSETS (Rs.)

COMPUTER SOFTWARE

For the current For the previous

GROSS BLOCK reporting period reporting period

As at beginning of the year 2349401 2154401

Addition during the year 43959 195000

Transfer/ Sale/ Adjustments during the year

As at end of the year 2393360 2349401

DEPRICIATION

As at beginning of the year 1841907 1771765

Adjustment during the year 0

Depriciation during the year 101698 70142

As at end of the year 1943605 1841907

NET BLOCK

As at beginning of the year 507494 382636

As at end of the year 449755 507494

98

12 xSj oeZeku ifjlEifÙk;ka & iwathxr dk;Z esa izxfr12 xSj oeZeku ifjlEifÙk;ka & iwathxr dk;Z esa izxfr12 xSj oeZeku ifjlEifÙk;ka & iwathxr dk;Z esa izxfr12 xSj oeZeku ifjlEifÙk;ka & iwathxr dk;Z esa izxfr12 xSj oeZeku ifjlEifÙk;ka & iwathxr dk;Z esa izxfr

orZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dh lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

iwathxr dk;Z esa izxfr 16520592 16142471

;ksx;ksx;ksx;ksx;ksx 16520592 16142471

13 xSj orZeku ifjlEifÙk;ka & nh?kZdkyhu ½.k rFkk vfxze13 xSj orZeku ifjlEifÙk;ka & nh?kZdkyhu ½.k rFkk vfxze13 xSj orZeku ifjlEifÙk;ka & nh?kZdkyhu ½.k rFkk vfxze13 xSj orZeku ifjlEifÙk;ka & nh?kZdkyhu ½.k rFkk vfxze13 xSj orZeku ifjlEifÙk;ka & nh?kZdkyhu ½.k rFkk vfxze

orZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dh lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

izfrHkwfr tek 313392 256017

;ksx;ksx;ksx;ksx;ksx 313392 256017

14 vU; xSj orZeku ifjlEifÙk;ka (dkjil)14 vU; xSj orZeku ifjlEifÙk;ka (dkjil)14 vU; xSj orZeku ifjlEifÙk;ka (dkjil)14 vU; xSj orZeku ifjlEifÙk;ka (dkjil)14 vU; xSj orZeku ifjlEifÙk;ka (dkjil)

orZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dh lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

v ½v ½v ½v ½v ½ dkjil fuf/k dk fu;kstu ¼foi.ku dsUnz½dkjil fuf/k dk fu;kstu ¼foi.ku dsUnz½dkjil fuf/k dk fu;kstu ¼foi.ku dsUnz½dkjil fuf/k dk fu;kstu ¼foi.ku dsUnz½dkjil fuf/k dk fu;kstu ¼foi.ku dsUnz½pkyw [kkrs esa 575342 552586

lkof/k tek [kkrk esa 131821837 118800000

lkof/k tek ij miftZr C;kt fdUrq izkI; ugha 4218270 3904691

;ksx (v);ksx (v);ksx (v);ksx (v);ksx (v) 136615449 123257277

orZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dh lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

c½ dkjil fuf/k dk fu;kstu ¼esxk lewg½pkyw [kkrs esa 25000 25000

lkof/k tek [kkrk esa 67677140 61682772

lkof/k tek ij miftZr C;kt fdUrq izkI; ugha 6501464 5564854

;ksx (c);ksx (c);ksx (c);ksx (c);ksx (c) 74203604 67272626

dqy ;ksx (v$c)dqy ;ksx (v$c)dqy ;ksx (v$c)dqy ;ksx (v$c)dqy ;ksx (v$c) 210819053 190529903

15 orZeku ifjlEifÙk;ka & lkexzh rkfydk,a15 orZeku ifjlEifÙk;ka & lkexzh rkfydk,a15 orZeku ifjlEifÙk;ka & lkexzh rkfydk,a15 orZeku ifjlEifÙk;ka & lkexzh rkfydk,a15 orZeku ifjlEifÙk;ka & lkexzh rkfydk,aorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dh lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

¼tSlk fd izcU/ku }kjk xzghr] ewY;kafdr rFkklR;kfir fd;k x;k gSA½

& O;kikj esa eky & ykxr ij ¼vizkIr gksus ds dkj.k cV~Vs [kkrs esa Mkyk x;k½ vFkok 'kq) olwyh ;ksX; ewY; tks Hkh de gks 8070315 6830533

- ekxZLFk eky 0 10693705

;ksx;ksx;ksx;ksx;ksx 8070315 17524238

99

12 NON CURRENT ASSETS - CAPITAL WORK IN PROGRESS

Figures at the Figures at the end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

Capital work in progress 16520592 16142471

TOTAL 16520592 16142471

13 NON CURRENT ASSETS - LONG TERM LOAN AND ADVANCES

Figures at the Figures at the end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

Security Deposit 313392 256017

TOTAL 313392 256017

14 OTHER NON CURRENT ASSETS (CORPUS)

Figures at the Figures at the end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

(A) Deployment of Corpus Fund (Marketing Complexes)In Current account 575342 552586

In Fixed deposit account 131821837 118800000

Interest accrued but not due on fixed deposit 4218270 3904691

TOTAL( A) 136615449 123257277

Figures at the Figures at the end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

(B) Deployment of Corpus Fund (Mega Cluster)In Current account 25000 25000

In Fixed deposit account 67677140 61682772

Interest accrued but not due on fixed deposit 6501464 5564854

TOTAL(B) 74203604 67272626

GRAND TOTAL(A+B) 210819053 190529903

15 CURRENT ASSETS - INVENTORIESFigures at the Figures at the

end of Current end of Previousreporting period (Rs) reporting Period (Rs)

(As taken, valued and certified

by the management)

- Stock-in-trade - At cost (less written off

for obsolescence) or net realisable value 8070315 6830533

whichever is less.

- Goods in Transit 0 10693705

TOTAL 8070315 17524238

100

16 orZeku ifjlEifÙk;ka & O;kikj izkfIr;ka16 orZeku ifjlEifÙk;ka & O;kikj izkfIr;ka16 orZeku ifjlEifÙk;ka & O;kikj izkfIr;ka16 orZeku ifjlEifÙk;ka & O;kikj izkfIr;ka16 orZeku ifjlEifÙk;ka & O;kikj izkfIr;ka

orZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhlekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

fofo/k nsunkjfofo/k nsunkjfofo/k nsunkjfofo/k nsunkjfofo/k nsunkjii½ ½ ½ ½ ½ Ng ekg ls vf/kd& lqjf{kr ekus x, 90584222 94593422

& lafnX/k ekus x, 17593310 15858418

108177532 110451840

& ?kVk;k & lafnX/k _.k gsrq izkfo/kku -17593310 90584222 -15858418 94593422

ii) vU; ¼lqjf{kr ekus x,½vU; ¼lqjf{kr ekus x,½vU; ¼lqjf{kr ekus x,½vU; ¼lqjf{kr ekus x,½vU; ¼lqjf{kr ekus x,½ 1217503529 1049369981

;ksx;ksx;ksx;ksx;ksx 1308087751 1143963403

i) cdk;k iqf"V ,d lrr izfØ;k gSA pkyw fjiksfVZax vof/k dh lekfIr ij cdk;ksa dks iqf"V gsrq lHkh O;kikj izkfIr;ksa ds ikl Hkstk x;k gS] rFkkfi fuEufyf[kriqf"V izkIr gq;h gS %&

fooj.kfooj.kfooj.kfooj.kfooj.k ;ksx;ksx;ksx;ksx;ksx pkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dh pkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dhpkyw fjiksfVZax vof/k dhlekfIr ij iqf"VlekfIr ij iqf"VlekfIr ij iqf"VlekfIr ij iqf"VlekfIr ij iqf"V lekfIr ij iqf"V dk izfr'krlekfIr ij iqf"V dk izfr'krlekfIr ij iqf"V dk izfr'krlekfIr ij iqf"V dk izfr'krlekfIr ij iqf"V dk izfr'kr

lfefr;ksalfefr;ksalfefr;ksalfefr;ksalfefr;ksa cdk;kcdk;kcdk;kcdk;kcdk;k lfefr;ksalfefr;ksalfefr;ksalfefr;ksalfefr;ksa cdk;kcdk;kcdk;kcdk;kcdk;k lfefr;ksalfefr;ksalfefr;ksalfefr;ksalfefr;ksa cdk;kcdk;kcdk;kcdk;kcdk;kdh la[;kdh la[;kdh la[;kdh la[;kdh la[;k /kujkf'k (#-)/kujkf'k (#-)/kujkf'k (#-)/kujkf'k (#-)/kujkf'k (#-) dh la[;kdh la[;kdh la[;kdh la[;kdh la[;k /kujkf'k (#-)/kujkf'k (#-)/kujkf'k (#-)/kujkf'k (#-)/kujkf'k (#-) dh la[;k (dh la[;k (dh la[;k (dh la[;k (dh la[;k (%))))) /kujkf'k (/kujkf'k (/kujkf'k (/kujkf'k (/kujkf'k (%)))))

O;kikj izkfIr;ka 1200 1325681061 209 747889003 17.42 56.42

mijksDrkuqlkj n'kkZ;s ,oa iqf"V fd;s x;s cdk;ksa esa ,sls cdk;ksa dks ugha n'kkZ;k x;k gS tks fd fookfnr gksa dsoy mUgha cdk;ksa dh izfof"V;ka dh x;hgSa tgk¡ erHksn@fuiVku nksuksa ikfVZ;ksa dks ekU; gSA mu cdk;ksa dk fuiVku ftudh iqf"V yfEcr gS ;Fkk le; mudh leh{kk rFkk fuiVku fd;k tk,xkrFkk bu ekeyksa esa ;fn dksbZ lek;kstu okafNr gS rks tSls gh mudk fuiVku gks tk,xk mUgsa lek;kstu dj fy;k tk,xkA

ii) O;kikj izkfIr;ksa esa #0 1325681061 ¼foxr o"kZ 1159821821½ ftlesa fd #- 17136753 ¼foxr o"kZ 13915073½ dk og /kujkf'k lfEefyr gSa ftldsfy, fuxe }kjk leqfpr U;k;ky;ksa esa okn nk;j fd;s x;s gSa rFkk O;kikj izkfIr;ksa esa #0 21345787 ¼foxr o"kZ 19300053½ dh og /kujkf'k lfEefyrgS tks oL= vkiwfrZ ds le{k izkIr gksuh gS] rn~uqlkj fuxe }kjk ijorhZ cdk;ksa dk Hkqxrku dsoy olwyh ds i'pkr ysunkjksa dks fd;k tk,xkA oL=ysunkjh #0 22820090 ¼foxr o"kZ 21558743½ dk gSA O;kikj izkfIr;ksa esa #0 59595399 ¼foxr o"kZ 66281578½ dk og /kujkf'k Hkh lfEefyr gStks fd fuxe }kjk dkjil fuf/k ¼lewg fodkl½ ds :i esa izkIr vfxze ds le{k vkiwfrZ;k¡ dh x;h gSA

iii) lafnX/k O;kikj izkfIr;ksa ds izkfo/kku dk fooj.k fuEufyf[kr gS ( #-)( #-)( #-)( #-)( #-)

fooj.k foxr fjiksfVZax vof/k o"kZ ds nkSjku ;ksx olwyh@lek;ksftr o"kZ ds nkSjku pkyw fjiksfVZax vof/k

dh lekfIr ij cdk;k lfEefyr dh x;h /kujkf'k iqujkadu dh lekfIr ij cdk;k

lafnX/k O;kikj izkfIr;ksa dk izkfo/kku 15858418 3146679 19005097 1411787 0 17593310

1717171717 orZeku ifjlEifÙk;ka & udnh dk udnh ds lerqY;orZeku ifjlEifÙk;ka & udnh dk udnh ds lerqY;orZeku ifjlEifÙk;ka & udnh dk udnh ds lerqY;orZeku ifjlEifÙk;ka & udnh dk udnh ds lerqY;orZeku ifjlEifÙk;ka & udnh dk udnh ds lerqY;

orZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dh lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

vuqlwfpr cSad esa vf/k'ks"k 294940814 179182108

xSj vuqlwfpr cSad esa vf/k'ks"k 912817 362782

gLrs udnh rFkk LVkEl 99092 51904

cSad tek 12 eghuksa gsrq 738791234 274902281

cSad tek 12 ekg ls vf/kd - -

;ksx ;ksx ;ksx ;ksx ;ksx 1034743957 454499075

101

16 CURRENT ASSETS- TRADE RECEIVABLE

Figures at the Figures at the end of Current end of Previous

reporting period (Rs) reporting Period (Rs)

SUNDRY DEBTORS (unsecured)i) Over six months- Considered good 90584222 94593422

- Considered doubtful 17593310 15858418

108177532 110451840

- Less: Provision for doubtful debts -17593310 90584222 -15858418 94593422

ii) Others (Considered good) 1217503529 1049369981

TOTAL 1308087751 1143963403

i) The balance confirmation is a continuous process. The year end balances as at the end of current reporting period

has been sent to all the Trade Recievables for confirmation, however, confirmation has been received as follows:-

Particulars Total Confirmation received as % of Confirmation ofthe end of current balances as at the end ofreporting period current reporting Period

No. of Amount No. of Amount No. of Amount

agencies outstanding (Rs.) agencies outstanding (Rs.) agencies (%) outstanding (%)

Trade Recievables 1200 1325681061 209 747889003 17.42 56.42

The confirmed balances shown above do not include those, where there is any dispute, but only those balanceswhere the entries on account of difference/ reconciliation are acceptable to both the parties. The balances whichare pending for confirmation will be reviewed and reconciled in due course and the adjustment, if any, required inthese cases will be made as soon as reconciled.

ii) Trade Recievables for Rs.1325681061 (Previous year Rs.1159821821) include a sum of Rs. 17136753 (Previousyear: Rs.13915073) for which suits have been filed by the corporation with appropriate courts. Further, TradeRecievables include Rs.21345787 (Previous year Rs. 19300053) receivable against supply of fabric wherein thecorporation is having corresponding dues to creditors, payable only after realization. The fabric creditors are Rs.22820090 (Previous year Rs. 21558743). Trade Recievables also includes a sum of Rs. 59595399 (Previous yearRs.66281578) wherein supplies have been made against the revolving advance received by the corporation asCorpus Fund (Cluster Development)

iii) The details of provision for doubtful Trade Recievables is placed herein below :- ( Rs.)

Particulars Balance as at the Addition during Total Amount realized/ Written off Balance as as at the

end of previous the year adjusted during end of current

reporting period the year reporting period

Provision for doubtful Trade Recievables. 15858418 3146679 19005097 1411787 0 17593310

17 CURRENT ASSETS - CASH & CASH EQUIVALENTS

Figures at the end of Figures at the end of Current reporting period (Rs) Previous reporting Period (Rs)

Balances with scheduled bank 294940814 179182108

Balances with non- scheduled bank 912817 362782

Cash and stamps in Hand 99092 51904

Bank deposits upto 12 month 738791234 274902281

Bank deposit exceeding 12 month - -

Total 1034743957 454499075

102

18- orZeku ifjlEifÙk;ka & vYi vof/k ½.k rFkk vfxze18- orZeku ifjlEifÙk;ka & vYi vof/k ½.k rFkk vfxze18- orZeku ifjlEifÙk;ka & vYi vof/k ½.k rFkk vfxze18- orZeku ifjlEifÙk;ka & vYi vof/k ½.k rFkk vfxze18- orZeku ifjlEifÙk;ka & vYi vof/k ½.k rFkk vfxzeorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh fffffoxr fjiksfVZax vof/k dhoxr fjiksfVZax vof/k dhoxr fjiksfVZax vof/k dhoxr fjiksfVZax vof/k dhoxr fjiksfVZax vof/k dhlekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

(i) izfrHkwfr ½.k (lqjf{kr ekus x;s)& okguksa ds ca/kd ij deZpkfj;ksa dks okgu _.k 353429 254075

(ii) vfxze (vizfrHkwr)¼udn o vU; :i ls olwyh ;ksX; vFkok ewY; ekud dh olwyh½& vkiwfrZdrkZvksa dks vfxze

& lqjf{kr ekus x;s 4477484 3226770

& lafnX/k ekus x;s 1621099 1233533

6098583 4460303

& ?kVk;k % lafnX/k vfxzeksa gsrq izkfo/kku -1621099 4477484 -1233533 3226770

(iii) deZpkfj;ksa dks vfxze& lqjf{kr ekus x;s 1109043 994068

& lafnX/k ekus x;s 134470 134470

1243513 1128538

& ?kVk;k % lafnX/k vfxzeksa gsrq izkfo/kku -134470 1109043 -134470 994068

(iv) vU;ksa dks vfxze& lqjf{kr ekus x;s 2696943 3960236

& lafnX/k ekus x;s 135151 193676

2832094 4153912

& ?kVk;k % lafnX/k vfxzeksa gsrq izkfo/kku -135151 2696943 -193676 3960236

(v) iwoZ iznRr O;; 429498 359516

(vi) lzksrksa ij dj dh olwyh lfgr vfxze dj 37000000 13000000

(vii) tek (vizfrHkwr ijUrq lqjf{kr)& ljdkjh foHkkxksa ds ikl - -

& foi.ku dsUnzks@vU;ksa ds fdjk;s gsrq& lqjf{kr ekus x;s 841892 879892

& lafnX/k ekus x;s 86130 86130

928022 966022

& ?kVk;k % lafnX/k vfxzeksa gsrq izkfo/kku -86130 841892 -86130 879892

(viii) izkfIr;kaizkfIr;kaizkfIr;kaizkfIr;kaizkfIr;ka& Hkkjr ljdkj ls lgk;rk vuqnku ds le{k 231648579 256587438

& izkfIr ;ksX; nkos 4024761 11590047

& foi.ku dsUnzksa@vU; ij cdk;k& lqjf{kr ekus x;s 290612 271338

& lafnX/k ekus x;s 1664419 1664419

1955031 1935757

& ?kVk;k % lafnX/k vfxzeksa gsrq izkfo/kku -1664419 290612 -1664419 271338

(ix) miHkksDrk laLFkkvksa ij cdk;k C;ktvkLFkfxr lEHkwr C;kt& lqjf{kr ekus x;s - -

& lafnX/k ekus x;s 17934694 17934694

17934694 17934694

& ?kVk;k % lafnX/k vfxzeksa gsrq izkfo/kku -17934694 0 -17934694 0

;ksx;ksx;ksx;ksx;ksx 282872241 291123380

103

18. CURRENT ASSETS - SHORT TERM LOANS AND ADVANCES

Figures at the Figures at the

end of Current end of Previousreporting period (Rs) reporting Period (Rs)

(i) Secured loans (considered good)

- Vehicle loan to staff against hypothecation of vehicles 353429 254075

(ii) Advances (Unsecured )

(Recoverable in cash or kind or for value to be received)

- Advance to suppliers

- Considered good 4477484 3226770

- Considered doubtful 1621099 1233533

6098583 4460303

- Less: Provision for doubtful advances -1621099 4477484 -1233533 3226770

(iii) Advance to staff

- Considered good 1109043 994068

- Considered doubtful 134470 134470

1243513 1128538

- Less: Provision for doubtful advances -134470 1109043 -134470 994068

(iv) Advance to others

- Considered good 2696943 3960236

- Considered doubtful 135151 193676

2832094 4153912

- Less: Provision for doubtful advances -135151 2696943 -193676 3960236

(v) Prepaid expenses 429498 359516

(vi)Advance income tax including tax deducted at source 37000000 13000000

(vii)DEPOSITS (Unsecured but considered good)

- With Government departments - -

- For rent of complexes/ others

- Considered good 841892 879892

- Considered doubtful 86130 86130

928022 966022

- Less: Provision for doubtful deposits -86130 841892 -86130 879892

(viii)RECEIVABLES

- From the Government of India against grant-in-aid 231648579 256587438

- Claims receivable 4024761 11590047

- Outstanding against marketing complex/ others

- Considered good 290612 271338

- Considered doubtful 1664419 1664419

1955031 1935757

- Less: Provision for doubtful receivables -1664419 290612 -1664419 271338

(ix) Interest outstanding from user Agencies

Deferred accrued Interest

- Considered good - -

- Considered doubtful 17934694 17934694

17934694 17934694

- Less: Provision for doubtful interest -17934694 0 -17934694 0

TOTAL 282872241 291123380

104

i) lafnX/k ifjlEifÙk;ksa gsrq izkfo/kku dk fooj.k fuEufyf[kr gS (Rs.)

fooj.kfooj.kfooj.kfooj.kfooj.k foxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZaxfoxr fjiksfVZax o"kZ dso"kZ dso"kZ dso"kZ dso"kZ ds ;ksx;ksx;ksx;ksx;ksx olwyh@olwyh@olwyh@olwyh@olwyh@ o"kZ dso"kZ dso"kZ dso"kZ dso"kZ ds pkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxpkyw fjiksfVZaxvof/k dh lekfirvof/k dh lekfirvof/k dh lekfirvof/k dh lekfirvof/k dh lekfir nkSjkunkSjkunkSjkunkSjkunkSjku lek;ksftr dhlek;ksftr dhlek;ksftr dhlek;ksftr dhlek;ksftr dh nkSjkunkSjkunkSjkunkSjkunkSjku vof/k dh lekfIrvof/k dh lekfIrvof/k dh lekfIrvof/k dh lekfIrvof/k dh lekfIr

ij cdk;kij cdk;kij cdk;kij cdk;kij cdk;k lfEefyrlfEefyrlfEefyrlfEefyrlfEefyr x;h /kujkf'kx;h /kujkf'kx;h /kujkf'kx;h /kujkf'kx;h /kujkf'k iqujkaduiqujkaduiqujkaduiqujkaduiqujkadu ij cdk;k ij cdk;k ij cdk;k ij cdk;k ij cdk;k

v½ vkiwfrZdrkZvksa dks lafnX/k vfxzeksa gsrq izkfo/kku 1233533 411579 1645112 24013 0 1621099

c½ deZpkfj;ksa dks lafnX/k vfxzeksa gsrq izkfo/kku 134470 0 134470 0 0 134470

l½ vU;ksa dks lafnX/k vfxzeksa gsrq izkfo/kku 193676 0 193676 58525 0 135151

n½ lafnX/k tek gsrq izkfo/kku 86130 0 86130 0 0 86130

;½ lafnX/k izkfIr;ksa gsrq izkfo/kku 1664419 0 1664419 0 0 1664419

j½ lafnX/k vkLFkkfxr lEHkwr C;kt gsrq izkfo/kku 17934694 0 17934694 0 0 17934694

;ksx;ksx;ksx;ksx;ksx 21246922 411579 21658501 82538 0 21575963

ii) fofHké ;kstukvksa gsrq nkos ftUgsa pkyw fjiksfVZax vof/k dh lekfIr ij izLrqr fd;k x;k] os Hkkjr ljdkj ls izkIr lgk;rk vuqnku ds le{k gS ftlds vUrxZr#- 1052988 ¼foxr o"kZ #- 1892104½ lfEefyr gSA mi;qZDr jkf'k esa #- 421112 ¼foxr o"kZ #- 1638699½ lfEefyr gS ftldk 'kklukns'k vHkh rdizkIr ugha gqvk gSA

iii) o"kZ ds nkSjku vkiwfrZdrkZvksa dks #- 6098583 ¼foxr o"kZ #- 4060303½ fn, x, vfxze esa #- 726947 ¼foxr o"kZ #- 726947½ Hkh lfEefyr gS ftldsfy, fuxe us leqfpr U;k;ky;ksa esa okn nkf[ky fd, gSaSA

iv) funs'kdksa dks _.k o vfxze #- 'kwU; ¼foxr o"kZ 'kwU;½ gSA o"kZ ds nkSjku fdlh Hkh le; funs'kdksa ij vf/kdre ns; /kujkf'k #- 112383 ¼foxr o"kZ#- 194092½ Fkh] tks ;k=k chtdksa ds le{k vfxze ds :i esa gSA

v) izkfIr ;ksX; nkos #- 4024761 ¼foxr o"kZ #- 11590047½ gS ftlesa #- 4024761 ¼foxr o"kZ #- 11590047½ ds os nkos lfEefyr gS ftudh /kujkf'k vk;djfoHkkx }kjk okil dh tkuh gSA ftldh ,d cM+h /kujkf'k iwoZorhZ o"kksZa esa dh x;h ekax ds vk/kkj ij fuxe }kjk izfrjks/k lfgr tek dj nh x;h gSA

vi) vkLFkfxr lEHkwr C;kt #- 17934694 ¼foxr o"kZ #- 17934624½ ftls Åij n'kkZ;k x;k gS ds lEcU/k esa fuxe }kjk leqfpr U;k;ky; esa okn nk;j fd;k x;k gSAvii) izcU/k dh jk; esa pkyw lEifÙk;ksa] _.kksa rFkk vfxzeksa dk ewY; O;kikj esa lkekU; :i esa olwyh fd;s tkus ij ml /kujkf'k ds led{k gS tks fLFkfr i=d esa

muds fy, n'kkZ;h x;h gSA19& pkyw ifjlEifÙk;ka & vU; pkyw ifjlEifÙk;ka19& pkyw ifjlEifÙk;ka & vU; pkyw ifjlEifÙk;ka19& pkyw ifjlEifÙk;ka & vU; pkyw ifjlEifÙk;ka19& pkyw ifjlEifÙk;ka & vU; pkyw ifjlEifÙk;ka19& pkyw ifjlEifÙk;ka & vU; pkyw ifjlEifÙk;ka

orZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dhorZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhfoxr fjiksfVZax vof/k dhlekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-) lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)lekfIr ij vkadM+s (#-)

tek ij lEHkwr C;kt fdUrq izkI; ugha 23577127 10469055

lsokfuo`fÙk mijkUr fpfdRlk dks"klsokfuo`fÙk mijkUr fpfdRlk dks"klsokfuo`fÙk mijkUr fpfdRlk dks"klsokfuo`fÙk mijkUr fpfdRlk dks"klsokfuo`fÙk mijkUr fpfdRlk dks"k

& fpfdRlk dks"k ds le{k LFkk;h tek ¼FDR½ 1650000

& fpfdRlk dks"k ij lEHkwr C;kt 37752

& vuqlwfpr cSadksa ds pkyw [kkrksa esa vf/k'ks"k 36110 1723862 1408028 1408028

25300989 11877083

2020202020 dk;Z lapkyu ls jktLodk;Z lapkyu ls jktLodk;Z lapkyu ls jktLodk;Z lapkyu ls jktLodk;Z lapkyu ls jktLoorZeku fjiksfVZax vof/k dsorZeku fjiksfVZax vof/k dsorZeku fjiksfVZax vof/k dsorZeku fjiksfVZax vof/k dsorZeku fjiksfVZax vof/k ds foxr fjiksfVZax vof/k dsfoxr fjiksfVZax vof/k dsfoxr fjiksfVZax vof/k dsfoxr fjiksfVZax vof/k dsfoxr fjiksfVZax vof/k ds

vkadM+s (#-) vkadM+s (#-) vkadM+s (#-) vkadM+s (#-) vkadM+s (#-) vkadM+s (#-)vkadM+s (#-)vkadM+s (#-)vkadM+s (#-)vkadM+s (#-)

v ½v ½v ½v ½v ½ fjVuZ ?kVkdj foØh & lwr & ,ethih,l 13472312643 10417958272

?kVk;k & yPNh lwr ij 10% dh NwV -286680244 13185632399 -4713273 10413244999

lkekU; ;kstuk 347237069 397930120

& jax rFkk jlk;u 209032957 183312943

& oL= 12754388 16204925

;ksx (v);ksx (v);ksx (v);ksx (v);ksx (v) 13754656813 11010692987

105

i) The details of provision for doubtful assets is placed herein below:- (Rs.)

Particulars Balance as at Addition Total Amout Written Balance as at

the end of during realized/ off during end of the

Previous the Year adjusted the year Current

reporting period reporting period

a) Provision for doubtful advances to suppliers. 1233533 411579 1645112 24013 0 1621099

b) Provision for doubtful advances to staff. 134470 0 134470 0 0 134470

c) Provision for doubtful advances to others. 193676 0 193676 58525 0 135151

d) Provision for doubtful deposits. 86130 0 86130 0 0 86130

e) Provision for doubtful receivables. 1664419 0 1664419 0 0 1664419

f) Provision for doubtful deferred accrued interest. 17934694 0 17934694 0 0 17934694

Total 21246922 411579 21658501 82538 0 21575963

ii) Receivable from Government of India against grant-in-aid includes Rs. 1052988 ( Previous year Rs.1892104) in respect of projects whereinclaims are to be submitted to the Government as at the end of current reporting period. The above amount includes Rs.421112 ( Previous yearRs.1638699) wherein no GO has yet been received.

iii) Advances to suppliers of Rs. 6098583 (Previous year Rs. 4460303 ) include a sum of Rs.726947 (Previous year Rs.726947 ) for which suithave been filed by the Corporation with appropriate courts.

iv) Loans and advances to Directors is Rs.Nil (Previous year Rs.Nil). Maximum amount due from directors at any time during the year wasRs.112383 (Previous year Rs.194092) being advance against Travelling bills.

v) Claims receivables Rs. 4024761 (Previous year Rs.11590047) includes Rs. 4024761 (Previous year Rs.11590047 ), which is due to berefunded by the income tax authorities, wherein, the major amount has been deposited by the corporation under protest based on the demandfor earlier years.

vi) In respect of Deferred accrued interest for Rs.17934694 (Previous year Rs.17934694) as shown above, the suit has been filed by thecorporation with appropriate court.

vii) In the opinion of management, current assets, loans and advances have a value on the realization in ordinary course of business atleast equal

to the amount at which they are stated in the balance sheet.

19 CURRENT ASSETS - OTHER CURRENT ASSETSFigures at the Figures at the

end of Current end of Previousreporting period (Rs) reporting Period (Rs)

Interest accrued but not received 23577127 10469055

Post Retirement Medical Corpus

-FDR against Medical Corpus 1650000

-Accrued Interest on Medical Corpus 37752

-Balance with Scheduled Bank in Current Account 36110 1723862 1408028 1408028

25300989 11877083

20 REVENUE FROM OPERATIONSFigures for the Figures for the

Current Previous

reporting period (Rs) reporting Period (Rs).

(a) Sales less returns

-Yarn - Mill Gate Price Scheme (MGPS) 13472312643 10417958272

Less: 10% subsidy on Hank yarn -286680244 13185632399 -4713273 10413244999

General Scheme 347237069 397930120

-Dyes & chemicals 209032957 183312943

-Fabrics 12754388 16204925

Total (a) 13754656813 11010692987

106

c½ fey xsV ewY; ;kstuk ds varxZr gq, [kpksZa dh izfriwfrZ ds le{k vuqnku lgk;rk 651503704 517593770

yPNh lwr ij 10% dh NwV 286680244 4713273

fey xsV ewY; ;kstuk ds varxZr 10% lwr NwV ds le{k lsok vf/kHkkj 14334160 235664

;ksx (c);ksx (c);ksx (c);ksx (c);ksx (c) 952518108 522542707

;ksx (v$c);ksx (v$c);ksx (v$c);ksx (v$c);ksx (v$c) 14707174921 11533235694

i) fey xsV ewY; ;kstuk ds varxZr dh x;h lwr vkiwfrZ ds [kpksZa dh izfriwfrZ ds le{k vuqnku lgk;rk dh /kujkf'k #- 952518108 ¼foxr o"kZ #- 522542707½

dh x.kuk laHkwfr vkèkkj ij dh x;h gSA buesa ls dqy nkos #- 334112590 ¼foxr o"kZ #- 153992677½ tks fd prqFkZ frekgh ls lEcfU/kr gS] ;g pkyw

fjiksfVZax vof/k dh lekfIr ij ljdkj dks izsf"kr fd, tkus gsrq yfEcr FksA

ii) gFkjd?kk {ks= eas ykxr de djus ds fy, Hkkjr ljdkj us 'kklukns'k la[;k&6@1@2007 Mhlh,p@ih,.M,l] fnukad 06-01-2012 ds }kjk ,ethih,l ds

varxZr gFkdj?kk {ks= esa yPNh lwr ds forj.k gsrq 10% ewY; NwV dh vuqefr iznku dh gSA ykHkkfFkZ;ksa dks ;g NwV muds chtd esa iznku dh tk,xhA bl

;kstuk ds vUrxZr gFkdj?kk {ks= esa lwr vkiwfrZ gsr fuxe ,d ik= laLFkk gSA

21 vU; vk;21 vU; vk;21 vU; vk;21 vU; vk;21 vU; vk;

orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

ifjlEifÙk;ksa ds foØ; ij ykHk 0 1916

fofo/k izkfIr;k¡@fufonk 'kqYd 250377 309007

cSad@okgu _.k@vU;ksa ls izkIr C;kt 74626971 26056297

udn NwV@deh'ku 524170 726500

vfrns; chtdksa ij ikfVZ;ksa ls izkIr C;kt 6551309 5481376

ljdkjh vuqnku ij lsok vf/kHkkj 366735 49098

ns;rk,sa@vfrfjDr izkfo/kkuksa dk iqujkadu 1485799 306328

izkfo/kku ftudk iqujkadu vc vko';d ugha gSA 1494325 526806

;ksx;ksx;ksx;ksx;ksx 85299686 33457328

cSad@okgu _.k@vU; ls C;kt dh /kujkf'k c<+h gS tks eq[;r% ,e th ih ,l ds 10% lwr vuqnku la?kVd ds le{k yxHkx #- 33955247 ¼foxro"kZ 'kwU;½ vfxze ij izkIr@izkI; C;kt ds dkj.k gSA22 O;kikj esa eky Ø;22 O;kikj esa eky Ø;22 O;kikj esa eky Ø;22 O;kikj esa eky Ø;22 O;kikj esa eky Ø;

orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

okilh ?kVkdj Ø; & lwr 13814699913 10810116246

& jax rFkk jlk;u 196788277 170297695

& oL= 12420622 15755702

;ksx;ksx;ksx;ksx;ksx 14023908812 10996169643

107

(b) Grant-in-aid against reimbursement ofexpenditure under Mill Gate Price Scheme 651503704 51759377010% Subsidy on Hank yarn 286680244 4713273Service charges against 10% yarn subsidy component under Mill Gate Price Scheme 14334160 235664Total (b) 952518108 522542707

TOTAL (a+b) 14707174921 11533235694

i) Grant in aid against reimbursement of expenditure under Mill Gate Price Scheme amounting to Rs. 952518108

(Previous year Rs.522542707) on account of supply of yarn has been accounted for on accrual basis. Out of which,

claims totaling Rs. 334112590 (Previous year Rs.153992677 ) relating to 4th quarter & that of Varanasi- Lucknow

Branch relating to current year pending for submission to the government as at the end of current reporting period.

ii) To mitigate the cost disadvantage of Handloom sector, the Govt. of India has allowed 10% price subsidy on Hank

yarn to be distributed in the Handloom sector under MGPS vide G.O. No. 6/1/2007-DCH/P&S dt. 06.01.2012. The

subsidy will be provided upfront in the invoice to the beneficiaries. The corporation is one of the eligible agencies for

supply of the yarn to Handloom sector under the scheme.

21 OTHER INCOME

Figures for the Figures for the Current Previous

reporting period (Rs) reporting Period (Rs)

Profit on sale of assets 0 1916

Miscellaneous receipt/ tender Fees 250377 309007

Interest from bank/ vehicle loan/ others 74626971 26056297

Cash discount/ commission 524170 726500

Interest received from parties on overdue bills 6551309 5481376

Service charges on government grant 366735 49098

Liabilities/ excess provisions written back 1485799 306328

Provision no longer required written back 1494325 526806

TOTAL 85299686 33457328

The amount of Interest from bank/ vehicle loan/ others has gone up mainly on account of interest received/receivable

worth Rs. 33955247 approx. (Previous year NIL) on advance against 10% Yarn Subsidy component of MGPS.

22PURCHASES OF STOCK IN TRADE

Figures for the Figures for the

Current Previous

reporting period (Rs) reporting Period (Rs)

Purchases less returns -Yarn 13814699913 10810116246

-Dyes & chemicals 196788277 170297695

-Fabrics 12420622 15755702

TOTAL 14023908812 10996169643

108

23 ifjogu@fMiks vf/kHkkj23 ifjogu@fMiks vf/kHkkj23 ifjogu@fMiks vf/kHkkj23 ifjogu@fMiks vf/kHkkj23 ifjogu@fMiks vf/kHkkj

orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

ifjogu vf/kHkkj 192157223 163374011

fMiks vf/kHkkj 259935373 200745279

;ksx;ksx;ksx;ksx;ksx 452092596 364119290

fey xsV ewY; ;kstuk ds vUrxZr ds lwr vkiwfrZ gsrq ifjogu rFkk fMiks izHkkj #- 452092596 ¼foxr o"kZ #- 364119290½ dh x.kuk lEHkwfr

vkèkkj ij dh x;h gSA ftlesa ls prqFkZ frekgh rFkk okjk.klh&y[kuÅ 'kk0dk0 ls lEcfU/kr orZeku o"kZ ds [kpksZa ds dqy nkos #- 140843144 ¼foxr o"kZ

#- 106605805½] ljdkj dks orZeku fjiksfVZax o"kZ ds var esa izLrqr fd, tkus gsrq yfEcr gSaA miHkksDrk lLFkkvksa dks ns; fMiks izHkkj o ifjogu 'kqYd dk

izkfo/kku] ;kstuk ds vuqlkj fd;k x;k gSA

24&rS;kj eky ds O;kikj LVkd dh /kVr o c<+r24&rS;kj eky ds O;kikj LVkd dh /kVr o c<+r24&rS;kj eky ds O;kikj LVkd dh /kVr o c<+r24&rS;kj eky ds O;kikj LVkd dh /kVr o c<+r24&rS;kj eky ds O;kikj LVkd dh /kVr o c<+r ( #-)

izkjfEHkd LVkdizkjfEHkd LVkdizkjfEHkd LVkdizkjfEHkd LVkdizkjfEHkd LVkd vfUre LVkdvfUre LVkdvfUre LVkdvfUre LVkdvfUre LVkd of¼ of¼ of¼ of¼ of¼ (-)/foxr fjiksfVax vof/kfoxr fjiksfVax vof/kfoxr fjiksfVax vof/kfoxr fjiksfVax vof/kfoxr fjiksfVax vof/k orZeku fjiksfVax vof/korZeku fjiksfVax vof/korZeku fjiksfVax vof/korZeku fjiksfVax vof/korZeku fjiksfVax vof/k dehdehdehdehdeh (+)

dh lekfIr ijdh lekfIr ijdh lekfIr ijdh lekfIr ijdh lekfIr ij dh lekfIr ijdh lekfIr ijdh lekfIr ijdh lekfIr ijdh lekfIr ij

lwr 325837 372707 -46870

jax rFkk jlk;u 6504696 7697608 -1192912

oL= 0

;ksx;ksx;ksx;ksx;ksx 6830533 8070315 -1239782

izkjfEHkd LVkdizkjfEHkd LVkdizkjfEHkd LVkdizkjfEHkd LVkdizkjfEHkd LVkd vfUre LVkdvfUre LVkdvfUre LVkdvfUre LVkdvfUre LVkd of¼ of¼ of¼ of¼ of¼ (-)/1-4-2011 dks1-4-2011 dks1-4-2011 dks1-4-2011 dks1-4-2011 dks 31-3-2012 dks31-3-2012 dks31-3-2012 dks31-3-2012 dks31-3-2012 dks dehdehdehdehdeh (+)

lwr 267600 325837 -58237

jax rFkk jlk;u 7306904 6504696 802208

oL= 0

;ksx;ksx;ksx;ksx;ksx 7574504 6830533 743971

109

23TRANSPORTATION/ DEPOT CHARGES

Figures for the Figures for the Current Previous

reporting period (Rs) reporting Period (Rs)

Transportation Charges 192157223 163374011

Depot Charges 259935373 200745279

TOTAL 452092596 364119290

Transportation and depot charges under Mill Gate Price Scheme amounting to Rs. 452092596 (Previous year Rs.

364119290) on account of supply of yarn has been accounted for on accrual basis. Out of which, claims for expenses

totaling Rs. 140843144 (Previous year Rs.106605805) relating to 4th quarter & that of Varanasi- Lucknow Branch relating

to current year were pending for submission to the government as at the end of current reporting period. Provision for

transportation and depot charges payable to the user agencies has been made in accordance with the scheme.

24 CHANGES IN INVENTORIES OF FINISHED GOODS, WORK IN PROGRESS AND STOCK IN TRADE( In Rs.)

OPENING CLOSING INCREASE (-)/STOCK STOCK DECREASE (+)

as at the end of as at the end ofprevious reporting current reporting

period period

YARN 325837 372707 -46870

DYES & CHEMICALS 6504696 7697608 -1192912

FABRICS 0

TOTAL 6830533 8070315 -1239782

OPENING CLOSING INCREASE (-)/STOCK STOCK DECREASE (+)

ON 1.4.2011 ON 31.3.2012

YARN 267600 325837 -58237

DYES & CHEMICALS 7306904 6504696 802208

FABRICS 0

TOTAL 7574504 6830533 743971

110

2525252525 deZpkjh dY;k.k [kpsZdeZpkjh dY;k.k [kpsZdeZpkjh dY;k.k [kpsZdeZpkjh dY;k.k [kpsZdeZpkjh dY;k.k [kpsZ

orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

v) osru rFkk ikfjJfedv) osru rFkk ikfjJfedv) osru rFkk ikfjJfedv) osru rFkk ikfjJfedv) osru rFkk ikfjJfedosru rFkk HkRrs 92092380 85001441

osru rFkk HkRrs ¼izcU/k funs'kd½ 1679644 1506291

vodk'k udnhdj.k] mikftZr vodk'k gsrq izkfo/kku lfgr¼izcU/k funs'kd gsrq lfEefyr #- 'kwU; foxr o"kZ #- 347745½ 23498274 8081591

,Dlxszf'k;k ¼izcU/k funs'kd gsrq lfEefyr #- 238471foxr o"kZ #- 21545½ 13612000 12462000

cky f'k{kk O;;ksa dh izfriwfrZ ¼izcU/k funs'kd gsrq 'kwU; 455734 504086

lfEefyr&foxr o"kZ 'kwU;½ifjogu izfriwfrZZ 546796 578704

HkrhZ [kpsZ 695112 336606

vodk'k ;k=k lqfo/kk@udnhdj.k¼izcU/k funs'kd gsrq 'kwU;&foxr o"kZ #- 'kwU;½ 473525 793603

fpfdRlk O;; ¼izcU/k funs'kd gsrq #- 25460foxr o"kZ #- 23530½ 5326512 6094695

deZpkfj;ksa dks izf'k{k.k 138989 255577

mi ;ksx (v)mi ;ksx (v)mi ;ksx (v)mi ;ksx (v)mi ;ksx (v) 138518966 115614594

c)c)c)c)c) Hkfo"; fuf/k rFkk vU; fuf/k esa va'knkuHkfo"; fuf/k rFkk vU; fuf/k esa va'knkuHkfo"; fuf/k rFkk vU; fuf/k esa va'knkuHkfo"; fuf/k rFkk vU; fuf/k esa va'knkuHkfo"; fuf/k rFkk vU; fuf/k esa va'knkuva'knk;h Hkfo"; fuf/k o ifjokj isU'ku fuf/k@bZMh,yvkbZ esa fu;ksDrk dk va'knku¼iz0fu0 gsrq #- 182153@& foxr o"kZ #- 203639@& lfgr½ 11138871 10042957

minku 29575626 6914042

mi&;ksx (c)mi&;ksx (c)mi&;ksx (c)mi&;ksx (c)mi&;ksx (c) 40714497 16956999

l)l)l)l)l) deZpkjh dY;k.k O;;deZpkjh dY;k.k O;;deZpkjh dY;k.k O;;deZpkjh dY;k.k O;;deZpkjh dY;k.k O;;deZpkjh dY;k.k O;; ¼ekuns;] ikfjrksf"kd rFkk onhZ lfEefyr½ 1599493 1372137

lkewfgd O;fDrxr nq?kZVuk chek 52008 55472

mi&;ksx (l)mi&;ksx (l)mi&;ksx (l)mi&;ksx (l)mi&;ksx (l) 1651501 1427609

;ksx (v$c$l);ksx (v$c$l);ksx (v$c$l);ksx (v$c$l);ksx (v$c$l) 180884964 133999202

ys[kk ekud 15 ds vuqlkj deZpkjh ykHkksa dk izdVhdj.k tSlk fd ys[kk ekudksa esa ikfjHkkf"kr gS fuEufyf[kr gSAikfjHkkf"kr va'knku ;kstukikfjHkkf"kr va'knku ;kstukikfjHkkf"kr va'knku ;kstukikfjHkkf"kr va'knku ;kstukikfjHkkf"kr va'knku ;kstuk

ikfjHkkf"kr va'knku ;kstuk esa va'knku ftUgsa o"kZ gsrq [kpZ ekuk x;k gS fuEufyf[kr gS &orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/k

ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

va'knk;h Hkfo";fuf/k ,Q-ih-,Q-@bZ-Mh-,y-vkbZ- ;kstuk esa fu;ksDrk dk va'knku 11138871 10042957

deZpkjh Hkfo";fuf/k vf/kfu;e 1952 dh /kkjk 17 ds varxZr fuxe ds Hkfo";fuf/k dks"k dks bl 'krZ ds lkFk NwV izkIr gS fd fu;ksDrk }kjk fof/kdC;kt nj ds le{k U;kl }kjk ?kksf"kr C;kt nj esa vk;h deh dks ;fn gks] iwjk fd;k tk,xkA26&foRr ykxr26&foRr ykxr26&foRr ykxr26&foRr ykxr26&foRr ykxr

orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

cSad@vU; dks C;kt 13899 8177

vU; m/kkjh ykxr;ksx;ksx;ksx;ksx;ksx 13899 8177

111

25 EMPLOYEE BENEFITS EXPENSESFigures for the Figures for the

Current reporting period (Rs) Previous reporting Period (Rs)

a) Salary & Wages

Salary and allowances 92092380 85001441

Salary and allowances (Managing Director) 1679644 1506291Leave encashment-Including provision for accrued leave( includes Rs. NIL for MD -Previous year Rs.347745) 23498274 8081591Ex-Gratia (Includes Rs.238471 for MD -Previous year Rs.211545) 13612000 12462000Children education reimbursement (includes 455734 504086Rs.NIL for MD - Previous year Rs.NIL)Conveyance reimbursement 546796 578704Recruitment Expenses 695112 336606Leave travel concession/encashment(Includes Rs. Nil for MD-Previous year Rs. Nil) 473525 793603Medical expenses (Includes Rs. 25460 for MD-Previous year Rs 23530) 5326512 6094695Trainning to personnel 138989 255577

Sub Total ( a) 138518966 115614594

b) Contribution to PF & other FundEmployers contribution to CPF & FPF/EDLI scheme( Includes Rs.182153 for MD- Previous year Rs.203639) 11138871 10042957Gratuity 29575626 6914042

Sub Total ( b) 40714497 16956999

c) Staff Welfare expensesStaff welfare expenses (including honorarium,reward uniform & liveries) 1599493 1372137Group personal accident insurance 52008 55472

Sub Total ( c) 1651501 1427609

Total ( a+b+c) 180884964 133999202

As per Accounting Standard -15 “Employee Benefits”, the disclosures of Employee Benefits as defined in the

Accounting Standard is given below:-

Defined Contribution PlanContribution to Defined Contribution Plan, recognized as expense for the year is as under:

Figures for the Figures for the

Current reporting period (Rs) Previous reporting Period (Rs)

Employer’s contribution to CPF/ FPF & EDLI Schemes. 11138871 10042957

Corporation’s provident fund is exempted u/s 17 of Employee’s Provident Fund Act, 1952. Condition to exemptionsstipulates that the employer shall make good deficiency, if any, in the interest rate declared by the trust against thestatutory rate.

26 FINANCE COSTSFigures for the Figures for the

Current reporting period (Rs) Previous reporting Period (Rs)

Interest to bank/ others 13899 8177

Other Borrowing cost - -

Total 13899 8177

112

27& vU; [kpsZ27& vU; [kpsZ27& vU; [kpsZ27& vU; [kpsZ27& vU; [kpsZorZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/k

ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

(v) iz'kklfud O;;(v) iz'kklfud O;;(v) iz'kklfud O;;(v) iz'kklfud O;;(v) iz'kklfud O;;

;k=k O;; ¼izcU/k funs'kd gsrq #- 827965&foxr o"kZ #- 1010419½ 6122302 6258671

ys[kk ijh{kdksa dks Hkqxrku 115106 129379

funs'kd e.My dh cSBd ls lEcfU/kr O;; - -

iqLrdksa vkSj if=dk;sa 92252 87420

ifjogu O;; 1419200 1605631

fo|qr@ty izHkkj 1549155 1293721

chek 67914 53012

fof/kd ,oa O;olkf;d izHkkj 1318585 4032477

lnL;rk 'kqYd vkSj va'knku 45251 24175

dk;kZy; j[k j[kko 979460 830400

NikbZ rFkk LVs'kujh 2704307 2233163

Mkd@rkj@nwjHkk"k o VsysDl 3312205 2994342

fdjk;k 'kqYd o dj ¼olwfy;ksa ds i'pkr 'kq)½ 2636251 2054104

¼izcU/k funs'kd ds vkokl gsrq iV~Vk fdjk;k #- 'kwU;&foxr o"kZ 'kwU;½ejEer rFkk vuqj{k.k 1292419 1344784

okgu vuqj{k.k O;; 838104 722508

lqj{kk [kpZ 396155 367298

fofo/k O;; 38867 11470

;ksx (v);ksx (v);ksx (v);ksx (v);ksx (v) 22927533 24042555

i))))) ys[kk ijh{kdksa dks fuEufyf[kr Hkqxrku fd, x,ys[kk ijh{kdksa dks fuEufyf[kr Hkqxrku fd, x,ys[kk ijh{kdksa dks fuEufyf[kr Hkqxrku fd, x,ys[kk ijh{kdksa dks fuEufyf[kr Hkqxrku fd, x,ys[kk ijh{kdksa dks fuEufyf[kr Hkqxrku fd, x,ys[kk ijh{kk 'kqYd 75000 62000

vU; /kkfjr 33041 51234

;k=k O;; 7065 16145

;ksx;ksx;ksx;ksx;ksx 115106 129379

c) O;kikjc) O;kikjc) O;kikjc) O;kikjc) O;kikj

orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

foKkiu o izpkj 100050 166443

O;kikj izksUufr 1510 3202

NwV] deh'ku o fjcsV 1872811 1564573

cSad izHkkj 137462 77871

HkkM+k vkSj vU; izHkkj 77695 7222

cSBd O;; 808821 919173

fufonk 'kqYd 6050 4825

fcØh dj 795768 -

eky ifjogu ij chek 107247 69326

lk¶V~os;j fØ;kUo;u@vuqj{k.k O;; 481000 336127

;ksx (c);ksx (c);ksx (c);ksx (c);ksx (c) 4388414 3148762

;ksx (v$c);ksx (v$c);ksx (v$c);ksx (v$c);ksx (v$c) 27315947 27191317

113

27 OTHER EXPENSESFigures for the Figures for the

Current Previous

reporting period (Rs) reporting Period (Rs)

(a) ADMINISTRATIVE EXPENSESTravelling expenses 6122302 6258671

(Including Rs. 1187741 for MD - Previous year Rs.827965)

Payment to auditors 115106 129379

Board meeting expenses - -

Books & periodicals 92252 87420

Conveyance expenses 1419200 1605631

Electricity/water charges 1549155 1293721

Insurance 67914 53012

Legal & professional charges 1318585 4032477

Membership fees & subscription 45251 24175

Office upkeep 979460 830400

Printing & stationery 2704307 2233163

Postage/telegram/telephone & telex 3312205 2994342

Rent, rates & taxes (net of recoveries) 2636251 2054104

(includes lease rent for residential accomodation

of MD Rs. Nil Previous year - Rs. NIL)

Repair & maintenance 1292419 1344784

Service vehicle expenses 838104 722508

Security expenses 396155 367298

Miscelleneous expenses 38867 11470

TOTAL (a) 22927533 24042555

i) Payment made to auditors is as below:-

Audit Fee 75000 62000

Other Capacity 33041 51234

Travelling Exp. 7065 16145

TOTAL 115106 129379

(b) TRADE

Figures for the Figures for the Current Previous

reporting period (Rs) reporting Period (Rs)

Advertisement & publicity 100050 166443

Business promotion 1510 3202

Discount, commission & rebate 1872811 1564573

Bank charges 137462 77871

Freight & other charges 77695 7222

Meeting expenses 808821 919173

Tender fees 6050 4825

Sales tax 795768 -

Transit Insurance on goods 107247 69326

Software implementation/ maintenance expenses 481000 336127

TOTAL (b) 4388414 3148762

TOTAL (a+b) 27315947 27191317

114

28&fof'k"V ensa28&fof'k"V ensa28&fof'k"V ensa28&fof'k"V ensa28&fof'k"V ensaorZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/k

ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)v)v)v)v)v) izkfo/kku] cV~Vk bR;kfnizkfo/kku] cV~Vk bR;kfnizkfo/kku] cV~Vk bR;kfnizkfo/kku] cV~Vk bR;kfnizkfo/kku] cV~Vk bR;kfn

ifjlEifÙk;ksa ds foØ; ij ?kkVk 17145 113633

ifjlEifÙk;ksa dks {kh.k djus ij gqvk ?kkVk - -

lafnX/k nsunkjksa dk izkfo/kku 3146679 2560610

vkiwfrZdrkZvksa dks lafnX/k vfxzeksa dk izkfo/kku 411579 39157

mi & ;ksxmi & ;ksxmi & ;ksxmi & ;ksxmi & ;ksx 3575403 2713400

c)c)c)c)c) foxr vof/k ds lek;kstu -20027 -2461650

l)l)l)l)l) oh-vkj-,l- izfriwfrZ - -

n)n)n)n)n) uSxfed lkekftd nkf;Ro (lh,lvkj ij xfrfof/k;ksa) ij O;; 994840 1376074

mi & ;ksx mi & ;ksx mi & ;ksx mi & ;ksx mi & ;ksx (v$c$l$n)(v$c$l$n)(v$c$l$n)(v$c$l$n)(v$c$l$n) 4550216 1627824

iwoZ o"kksZa ds lek;kstuksa ¼'kq)½ #- 20027 tek ¼foxr o"kZ #- 2461650 tek½ dk fooj.k fuEufyf[kr gS &(#-)

fooj.kfooj.kfooj.kfooj.kfooj.k MsfcVMsfcVMsfcVMsfcVMsfcV

1 1 1 1 1 vkiwfrZdrkZ ds lkFk fuiVku 8600

2 2 2 2 2 vkdk'k ds chtdksa esa dVkSrh 31829

;ksx;ksx;ksx;ksx;ksx 40429

?kVk;k?kVk;k?kVk;k?kVk;k?kVk;k

1 1 1 1 1 ,ethih,l vuqnku 60456

'k¼ /kujkf'k'k¼ /kujkf'k'k¼ /kujkf'k'k¼ /kujkf'k'k¼ /kujkf'k -20027

2929292929 dj O;; vf/kHkkj&orZeku djdj O;; vf/kHkkj&orZeku djdj O;; vf/kHkkj&orZeku djdj O;; vf/kHkkj&orZeku djdj O;; vf/kHkkj&orZeku dj

orZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/korZeku fjiksfVZax vof/k foxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kfoxr fjiksfVZax vof/kds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-) ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)ds vkadM+s (#-)

orZeku o"kZ gsrq vk;dj 39275000 14330000

foxr o"kksZa ds fy, vk;dj 4262 61824

;ksx;ksx;ksx;ksx;ksx 39279262 14391824

vuqlj.k dh tk jgh i)fr ds leuq#i #- 39275000 ¼foxr o"kZ #- 14330000½ ds vkLFkkxfr lEHkwr C;kt dks /;ku esa j[kdj o"kZ ds ys[ks esa #- 'kwU;¼foxr o"kZ #- 61577½ ds vk;dj dk izkfo/kku fd;k x;k gSA o"kZ ds nkSjku vkLFkkfxr lEHkwr C;kt ds :i esa ntZ vk; #- 'kwU; ¼foxr o"kZ #- 'kwU;½ gSA

115

28EXCEPTIONAL ITEMSFigures for the Figures for the

Current Previous

reporting period (Rs) reporting Period (Rs)

a) PROVISION, WRITE OFF ETC.Loss on sale of assets 17145 113633

Loss on impairment of assets - -

Provision for doubtful debtors 3146679 2560610

Provision for doubtful advances to supplier 411579 39157

Sub Total 3575403 2713400

b) Prior Period Adjustments -20027 -2461650

c) VRS Compensation - -

d) Expenses on Corporate Social Responsibility (CSR) Activity 994840 1376074

TOTAL ( a+b+c+d) 4550216 1627824

Details of Prior Year Adjustments (Net) for Rs.20027 – Credit (Previous year Rs 2461650 – Credit) are as under:-

( Rs.)

Particulars Debit

1 Reconciliation/adjustment with supplier 8600

2 Deduction in ACASH billing 31829

Total 40429

Less:

1 MGPS subsidy 60456

Net Amount -20027

29 TAX EXPENSES- Current Tax

Figures for the Figures for the Current Previous

reporting period (Rs) reporting Period (Rs)

Income Tax for current year 39275000 14330000

Income Tax for earlier year 4262 61824

Total 39279262 14391824

During the year provision for income tax of Rs. 39275000 (Previous year Rs. 14330000 ) has been made in the

accounts after considering the deferred accrued interest realized for Rs. NIL (Previous Year Rs. 61577) as per practice

followed on consistent basis. The deferred accrued interest booked as income in the accounts during the year is Rs. Nil

116

3030303030 vU; fVIif.k;kavU; fVIif.k;kavU; fVIif.k;kavU; fVIif.k;kavU; fVIif.k;ka

1 vkd1 vkd1 vkd1 vkd1 vkdfLed nkf;Ro o izfrc¼rkfLed nkf;Ro o izfrc¼rkfLed nkf;Ro o izfrc¼rkfLed nkf;Ro o izfrc¼rkfLed nkf;Ro o izfrc¼rk

(v)vkdfLed nkf;Ro(v)vkdfLed nkf;Ro(v)vkdfLed nkf;Ro(v)vkdfLed nkf;Ro(v)vkdfLed nkf;Ro

¼v½ fcØhdj #- 1392409 ¼foxr o"kZ #- 56723880½foRrh; o"kZ 2008&2009 rFkk 2009&2010 esa QkeZ&lh rFkk bZ&1 izLrqr u fd, tkus ij] mRrj izns'k O;kikj dj foHkkx ls #- 1392409@&¼'kq) ns;rk #- 44460½ dh ek¡x dh x;h gSA leqfpr izkf/kdkjh ds ikl] ewY;kadu dkjZokgh ds i'pkr bu nks o"kkZsa ds fy, izkIr QkeZ&lh rFkkQkeZ&bZ&1 ds Lohdkj djus gsrq vihy nkf[ky dh x;h gSA blds vfrfjDr ;wih oSV vf/kfu;e dh /kkjk 9¼2½ ds vUrxZr fj;k;r izkIr fcØhds le{k jkgr ds nkoksa gsrq ,oa vkosnu Hkh nkf[ky fd;k x;k gSA

¼c½ fuxe ds fo#) nkoksa@ekaxksa dks _.k ugha ekaxk x;k gSA¼i½ vkiwfrZdrkZvksa }kjk cdk;k nkoksa ij C;kt #- 293000 ¼foxr o"kZ #- 293000½¼ii½ fuxe ds fo:) U;k;ky; okn #- 2843000 ¼foxr o"kZ #- 3002000½¼iii½esllZ dukZVd flYd ekdZsfVax cksMZ ds i{k esa fuxZr cSad izfrHkwfr #- 2000000 ¼foxr o"kZ #- 2000000½

(c) izfrc¼rk(c) izfrc¼rk(c) izfrc¼rk(c) izfrc¼rk(c) izfrc¼rk

iw¡th ys[ks esa tks vcuqcU/k vHkh fu"ikfnr gksus 'ks"k gSa mudh vuqekfur /kujkf'k #- 1296000 ¼foxr o"kZ 1239755½22222 lEcfU/kr fcØhdj vf/kdkjh ds ikl ewY;kadu dk fu/kkZj.k yfEcr jgus ds dkj.k] /kujkf'k fuf'pr ugha gS vr% dsUnzh; rFkk fofHké jkT;ksa ds fcØhdj

vf/kfu;e ds varxZr lwr jax o jlk;u rFkk oL=ksa dh fcØh ij] fcØhdj ns;rk ;fn dksbZ gS rks mldk izkfo/kku ugha fd;k x;k gSA

33333 o"kZ ds nkSjku fuxe ds izcU/k funs'kd dks xSj ljdkjh ;k=kvksa gsrq fuxe dh dkj dks #- 325 izfrekg ds Hkqxrku ij iz;ksx djus dh vuqefr iznkudh x;h Fkh

44444 dEiuh vf/kfu;e 1956 dh vuqlwph&VI, Hkkx&II ds vuqlj.k esa vfrfjDr lwpukv½ mRiknu dh LFkkfir {kerk rFkk ykblsal&ykxw ughaAc½ vkjfEHkd LVkd] Ø;] foØ; rFkk vfUre LVkd dh ifj.kkekRed lwpuk fuEu gSA

(bdkbZ yk[k fdxzk-)(bdkbZ yk[k fdxzk-)(bdkbZ yk[k fdxzk-)(bdkbZ yk[k fdxzk-)(bdkbZ yk[k fdxzk-)(ewY; #- esa)(ewY; #- esa)(ewY; #- esa)(ewY; #- esa)(ewY; #- esa)

Ø-l- fooj.kØ-l- fooj.kØ-l- fooj.kØ-l- fooj.kØ-l- fooj.k lwrlwrlwrlwrlwr jax o jlk;ujax o jlk;ujax o jlk;ujax o jlk;ujax o jlk;u oL=oL=oL=oL=oL=bdkbZbdkbZbdkbZbdkbZbdkbZ ewY;ewY;ewY;ewY;ewY; bdkbZbdkbZbdkbZbdkbZbdkbZ ewY;ewY;ewY;ewY;ewY; bdkbZbdkbZbdkbZbdkbZbdkbZ ewY;ewY;ewY;ewY;ewY;

1 izkjfEHkd LVkd & orZeku o"kZ 0.001 325837 0.351 6504696 - -

& foxr o"kZ 0.001 267600 0.515 7306904 - -

2 Ø; & orZeku o"kZ 1088.690 13814699913 27.646 196788277 - 12420622

& foxr o"kZ 965.161 10810116246 29.127 170297695 - 15755702

3 foØ; & orZeku o"kZ 1088.688 13532869468 27.617 209032957 - 12754388

& foxr o"kZ 965.161 10811175119 29.291 183312943 - 16204925

4 vfUre LVkd & orZeku o"kZ 0.003 372707 0.380 7697608 - -

& foxr o"kZ 0.001 325837 0.351 6504696 - -

l½ lh-vkbZ-,Q- vk/kkj ij ¼i½ jax o jlk;u #- 'kwU; ¼foxr o"kZ #- 'kwU;½ rFkk ¼ii½ dPpk eky ¼iii½ Lis;lZ iqtZs rFkk midj.k ¼iv½ iawthxreky #- 'kwU; ¼foxr o"kZ #- 'kwU;½

n½ fons'kh eqnzk esa vk; #- 'kwU; ¼foxr o"kZ #- 'kwU;½;½ fons'kh eqnzk esa fd;k x;k O;; #- 'kwU; ¼foxr o"kZ #- 'kwU;½j½ o"kZ ds nkSjku vk;kfrr dPps eky] Lis;lZ iqtsZ o midj.kksa dk ewY; #- 'kwU; ¼foxr o"kZ #- 'kwU;½

117

(Previous Year Rs. Nil).

30 OTHER NOTES

1 CONTINGENT LIABILITIES & COMMITMENTS :-

(A) Contingent Liabilities:-

(a) Sales tax- Rs. 1392409 (Previous year Rs.56723880).

The demand for F.Y. 2008-09 and 2009-10 for Rs. 1392409/- (net of liability credited for Rs. 44460)

received from the Trade Tax Department, Uttar Pradesh on account of non submission of C and E1

forms. The appeals have been filed with the appropriate authorities for accepting the C and E1 forms

received after the assesment proceeding for these two years. Besides, application has been filed u/s

9(2) of UPVAT Act to claim relief against exempted sales.

(b) Claims/ demands against the corporation not acknowledged as debts.

(i)Interest on outstanding claimed by the suppliers Rs. 293000 (Previous year Rs.293000)

(ii)Court cases against the company - Rs. 2843000 (Previous year Rs.3002000)

(iii)Bank guarantee issued in favour of M/s Karnataka Silk Marketing Board - Rs. 2000000 (Previous

year Rs.2000000).

(B) Commitment:-Estimated amount of contract remaining to be executed on capital account is Rs. 1296000 (Previous

year Rs. 1239755).

2 Since the amount is not ascertainable pending finalization of assessment by the concerned sales tax authorities,

no provision for sales tax liability, if any, under the provision of Central and various State Sales Tax Acts has

been made in respect of sales of yarn, dyes & chemicals and fabrics.

3 The Managing Director was allowed the use of Company Car during the year for non-duty journeys on payment

of Rs.325/- per month.

4 Additional information pursuant to Schedule VI, Part II to the Companies Act, 1956:-

A) Licensed and installed capacity of production - Not applicable.

B) Quantitative information in respect of Opening Stock, Purchases, Sales and Closing stock are as under:-

(UNIT IN LAC KGS)

(VALUE IN RS.)

Sl. No. PARTICULARS YARN DYES & CHEMICAL FABRIC

Unit Value Unit Value Unit Value

1 Opening Stock - Current Year 0.001 325837 0.351 6504696 - -

- Previous Year 0.001 267600 0.515 7306904 - -

2 Purchase - Current Year 1088.690 13814699913 27.646 196788277 - 12420622

- Previous Year 965.161 10810116246 29.127 170297695 - 15755702

3 Sale - Current Year 1088.688 13532869468 27.617 209032957 - 12754388

- Previous Year 965.161 10811175119 29.291 183312943 - 16204925

4 Closing Stock - Current Year 0.003 372707 0.380 7697608 - -

- Previous Year 0.001 325837 0.351 6504696 - -

C) Value of Import on CIF basis in respect of (i) Dyes & chemicals is Rs. Nil (Previous year Rs.Nil) and in

respect of (ii) Raw Material (iii) Components & spare parts (iv) Capital goods is Rs. Nil (Previous year – Rs.

Nil).

D) Earnings in foreign currency – Rs. Nil (Previous Year- Rs.Nil).

E) Expenditure incurred in foreign currency - NIL (Previous year - Rs. Nil).

F) Value of imported raw material, spare parts and components consumed - Rs. Nil (Previous year - Rs. Nil).

118

55555 o"kZ ds nkSjku vkbZ-lh-,-vkbZ- }kjk fuxZr [k.M fjiksVZ ys[kk ekud&17 ds vuqlkj dk;Zdykiksa dh foRrh; lwpuk [k.M fjiksVZ ftlesa fd lwr] jax ojlk;u rFkk diM+s dh lwpuk,sa Hkh 'kkfey gSa] fuEufyf[kr gSa (#-) (#-) (#-) (#-) (#-)

lwrlwrlwrlwrlwr jax o jlk;ujax o jlk;ujax o jlk;ujax o jlk;ujax o jlk;u oL=oL=oL=oL=oL= ;ksx;ksx;ksx;ksx;ksx

v) izkFkfed lwpukv) izkFkfed lwpukv) izkFkfed lwpukv) izkFkfed lwpukv) izkFkfed lwpuk

1 [k.M ds vuqlkj jktL; 13532869468 209032957 12754388 13754656813

2 [k.M ds vuqlkj ifj.kke 153736190 -5621811 333766 148448145

3 xSj vkoafVr Åijh [kpZ - - - -113414934

4 cSadksa rFkk vU; ls C;kt - - - 67663378

5 vU; vk; - - - 523829

6 iwoZ vof/k@lek;kstu - - - 0

7 izkfo/kku@dqy gkfu bR;kfn - - - 0

8 dj iwoZ ykHk - - - 103220418

9 dj dk izkfo/kku foxr o"kZ ds lek;kstu lfgr - - - -39279262

10 vkLFkfxr dj - - - 5798018

11 dj i'pkr ykHk 69739174

12 [k.Mokj ifjlEifÙk;k¡ 1457702440 79203947 21345787 1558252174

13 xSj vkoafVr uSxfed lEifÙk;ka¼foRrh; ifjlEifÙk lfgr½ - - - 1354492588

14 dqy ifjlEifÙk;k¡ - - - 2912744762

15 [k.Mksa ds vuqlkj ns;rk;sa] cSad m/kkjh lfgr 1748019428 30973547 22820090 1801813065

16 [k.Mokj] xSj vkoafVr] uSxfed ns;rk;sa - - - 704541496

¼cSad m/kkjh lfgr½17 dqy ns;rk;sa - - - 2506354561

18 [k.Mksa ds vuqlkj ewY; gzkl 959387 100727 - 1060114

Notes:-

i) [k.Mokj jktLo esa vUrZ[k.M dkjksckj lfEefyr gSAii) [k.Mokj ifj.kkeksa esa vfrns; chtdksa ij@vkLFkfxr lEHkwfr C;kt #- Rs.6551309 yk[k lfEefyr gSAiii) [k.Mokj ifj.kke esa #- 2854071/- ¼tek½ ds iqujkadu izkfo/kku@ns;rk,a] foxr o"kZ lek;kstu #-20027/- ¼tek½ rFkk #- 3558258/

- ¼ukes½ dk izkfo/kku o cV~Vk bR;kfn lfEefyr gSA (#-)(#-)(#-)(#-)(#-)

c)c)c)c)c) xkS.k lwpukxkS.k lwpukxkS.k lwpukxkS.k lwpukxkS.k lwpuk {ks= dk uke{ks= dk uke{ks= dk uke{ks= dk uke{ks= dk uke [k.M jktLo[k.M jktLo[k.M jktLo[k.M jktLo[k.M jktLo

1 HkkSxksfyd {ks=Qy }kjk ml [k.M ds fy, [k.M jktLo ftudk {ks- dk;kZ-] dks;EcVwj 4848940610

jktLo lHkh HkkSxksfyd {ks=ksa ds dqy jktLo dk 10% ;k vf/kd gSA {ks- dk;kZ-] ikuhir 6151508615

{ks- dk;kZ-] gSnjkckn 1497434634

2 [k.Mksa dh HkkSxksfyd fLFkfr ds vuqlkj ml [k.M dh ifjlEifÙk;ka {ks- dk;kZ-] dks;EcVwj 293920663

tks fd HkkSxksfyd [k.Mksa dh dqy ifjlEifÙk;ksa dk 10% ;k vf/kd gS {ks- dk;kZ-] ikuhir 966100690

{ks= dk uke{ks= dk uke{ks= dk uke{ks= dk uke{ks= dk uke LFkkbZ ifjlEifÙk;kasa esa o`f¼LFkkbZ ifjlEifÙk;kasa esa o`f¼LFkkbZ ifjlEifÙk;kasa esa o`f¼LFkkbZ ifjlEifÙk;kasa esa o`f¼LFkkbZ ifjlEifÙk;kasa esa o`f¼

3 mlk [k.M dh LFkk;h ifjlEifÙk;ksa esa o`f) ftldh lEifÙk lHkh {ks- dk;kZ-] dksydkrk 767458

HkkSxksfyd [k.Mksa dh dqy ifjlEifÙk;ksa dh 10% ;k vf/kd {ks- dk;kZ-] dks;EcVwj 164246

{ks- dk;kZ-] ikuhir 428828

119

5 In accordance with the requirements of AS-17, i.e.Segment Reporting as issued by ICAI, Activity wise financial

information as reporting segments consisting of Yarn, Dyes & Chemicals and Fabric is as under:- (Rs.)

Yarn Dyes & Chemicals Fabrics Total

A) Primary information

1 Segment wise Revenue 13532869468 209032957 12754388 13754656813

2 Segment wise Results 153736190 -5621811 333766 148448145

3 Unallocated overheads - - - -113414934

4 Interest from Bank & others - - - 67663378

5 Other Income - - - 523829

6 Prior period adjustments - - - 0

7 Provision/ write off etc. - - - 0

8 Profit before tax - - - 103220418

9 Provision for Tax including earlier - - - -39279262

year adjustments

10 Deferred tax - - - 5798018

11 Profit after tax 69739174

12 Segment-wise assets 1457702440 79203947 21345787 1558252174

13 Unallocable Corporate Assets

(Including Financial Assets). - - - 1354492588

14 Total Assets - - - 2912744762

15 Segment wise liabilities includes 1748019428 30973547 22820090 1801813065

Bank Borrowing

16 Unallocable Corporate liabilities - - - 704541496

(Including Bank Borrowings)

17 Total liabilities - - - 2506354561

18 Depreciation segment-wise 959387 100727 - 1060114

Notes:-

i) There is no inter segment transaction in segment-wise revenue.

ii) Segment- wise result includes interest on overdue bills/ deferred accrued interest for Rs.6551309/-

iii) Segment-wise result includes liabilities/ provisions written back for Rs.2854071/- (Credit), previous year

adjustments for Rs.20027/- (Credit) and provisions & write off etc. for Rs.3558258/-(Debit). (Rs.)

B) Secondary Information Name of the Region Segment Revenue

1 Segment revenue by geographical area for RO Coimbatore 4848940610

the segment whose revenue is 10% or more of RO Panipat 6151508615

total revenue of all geographical segments. RO Hyderabad 1497434634

2 Segment assets by geographical location of RO Coimbatore 293920663

assets of the segment whose assets are 10% RO Panipat 966100690

or more of total assets of all geographical

segments.

Name of the Region Addition to Fixed Assets

3 Additions to fixed assets for the segment where RO Kolkata 767458

assets are 10% or more of the total assets of RO Coimbatore 164246

all geographical segments. RO Panipat 428828

120

66666 fVIi.kh 1 ls 30] orZeku fjiksZfVax vof/k dh lekfIr ij fLFkfr i=d esa layXu ys[kkdj.k uhfr;ka ,oa ykHk o gkfu dk fooj.k rFkk ml frfFk dks

lekIr o"kZ dk udnh izokg orZeku fjiksZfVax vof/k ds ys[kkas dk vfHkUu vax gSA

77777 pkyw o"kZ ds vkadM+ksa ls rqyuh; cukus ds fy, tgk¡ vko';d Fkk ogka foxr o"kZ ds vkadM+ksa dks iqufuZ/kkfjr@iqulZewghd`r fd;k x;k gSA

88888 jkf'k;ksa dks fudVre #i;s rd iw.kkZafdr fd;k x;k gSA

gekjs lefrfFk ds izfrosnu ds vuqlkjd`rs & ds- datkfj;k ,.M dEiuh

pkVZsM ,dkmUVsUV~lgLrk{kj

(deys'k dqekj)Hkkxhnkj

lnL;rk la[;k 017510QeZ iathdj.k la[;k 000449lh

LFkku % y[kuÅfnukad % 27-7-2013

gLrk{kj gLrk{kj gLrk{kj

(t; xksiky egktu) (losZiYyh Jhfuokl) (cyfoUnj dqekj)eq[; izca/kd (fo-,oa ys-)@dEiuh lfpo izcU/k funs'kd v/;{k

121

6 Note 1 to 30 and significant Accounting Policies annexed to Balance sheet as at the end of current reporting period

and Statement of Profit and Loss and Cash Flow for the year ended on that date form an integral part of Accounts.

7 The figures of previous year have been re-casted/ re-grouped wherever necessary to render them comparable with

figures of current year.

8 Figures have been rounded off to the nearest rupee.

Sd/ Sd/ Sd/

(Jai Gopal Mahajan) (Sarvepalli Srinivas) (Balvinder Kumar)Ch. Manager (F&A)/ Company Secretary Managing Director Chairman

As per our Report of even date

For K. Kanjaria & Co.

Chartered Accountants

Sd/-

Kamlesh Kumar

Partner

Place: Lucknow M.No. 017510

Date: 27-7-2013 F.R.No. 000449C

122

fooj.kfooj.kfooj.kfooj.kfooj.k 2012&132012&132012&132012&132012&13 2011&122011&122011&122011&122011&12(A)(A)(A)(A)(A) dk;Z lapkyu ls udnh izokgdk;Z lapkyu ls udnh izokgdk;Z lapkyu ls udnh izokgdk;Z lapkyu ls udnh izokgdk;Z lapkyu ls udnh izokg

dj iwoZ ykHk 103220418 41207837lek;kstu %

i ewY; gzkl 1727537 1625761ii fodkl dk;ksZa@fpfdRlk dks"k ij fd;k x;k O;; tks fodkl dks"k ls izHkkfjr fd;k x;k -1601267 -1417278

lapkyu ykHk] dk;Z'khy iwath ifjorZu ls iwoZlapkyu ykHk] dk;Z'khy iwath ifjorZu ls iwoZlapkyu ykHk] dk;Z'khy iwath ifjorZu ls iwoZlapkyu ykHk] dk;Z'khy iwath ifjorZu ls iwoZlapkyu ykHk] dk;Z'khy iwath ifjorZu ls iwoZ 103346688 41416320

dk;Z'khy iwath esa ifjorZu dk;Z'khy iwath esa ifjorZu dk;Z'khy iwath esa ifjorZu dk;Z'khy iwath esa ifjorZu dk;Z'khy iwath esa ifjorZu ¼udn@cSad 'ks"k ds vfrfjDr½

?kVr@c<+ri lkexzh rkfydk,a 9453923 182918ii cgh _.k -164124348 -339631367iii _.k vkSj vfxze -13715014 -5919265iv izkfIr;ka 32484871 -33512024v O;kikj o vU; ns;rk;sa 660170448 412299052

dk;Z lapkyu ls miftZr udnh 627616568 74835634?kVk;k&Hkqxrku fd;k x;k vk;dj -38334262 -16636824

dk;Z lapkyu ls dqy udnh izokg (v)dk;Z lapkyu ls dqy udnh izokg (v)dk;Z lapkyu ls dqy udnh izokg (v)dk;Z lapkyu ls dqy udnh izokg (v)dk;Z lapkyu ls dqy udnh izokg (v) 589282306 58198810

(c)(c)(c)(c)(c) fuos'kh dkZ lapkyu ls dqy udnh izokgfuos'kh dkZ lapkyu ls dqy udnh izokgfuos'kh dkZ lapkyu ls dqy udnh izokgfuos'kh dkZ lapkyu ls dqy udnh izokgfuos'kh dkZ lapkyu ls dqy udnh izokgi LFkk;h ifjlEifÙk;ksa dh fcØh 33452 182920

ii LFkk;h ifjlEifÙk;ksa esa o`f)@MCyw-vkbZ-ih- -2446186 -13460603

fuos'kh dk;Z lapkyu ls dqy udnh izokg (c)fuos'kh dk;Z lapkyu ls dqy udnh izokg (c)fuos'kh dk;Z lapkyu ls dqy udnh izokg (c)fuos'kh dk;Z lapkyu ls dqy udnh izokg (c)fuos'kh dk;Z lapkyu ls dqy udnh izokg (c) -2412734 -13277683

(l)(l)(l)(l)(l) foRrh; dk;ksZa ls udnh izokgfoRrh; dk;ksZa ls udnh izokgfoRrh; dk;ksZa ls udnh izokgfoRrh; dk;ksZa ls udnh izokgfoRrh; dk;ksZa ls udnh izokgi ykHkka'k dk Hkqxrku -6624690 -10111360

foRrh; dk;kZsa ls dqy udnh izokg (l)foRrh; dk;kZsa ls dqy udnh izokg (l)foRrh; dk;kZsa ls dqy udnh izokg (l)foRrh; dk;kZsa ls dqy udnh izokg (l)foRrh; dk;kZsa ls dqy udnh izokg (l) -6624690 -10111360

(n)(n)(n)(n)(n) udnh rFkk udnh ds led{k esa 'kq¼ ifjorZu (v$c$l)udnh rFkk udnh ds led{k esa 'kq¼ ifjorZu (v$c$l)udnh rFkk udnh ds led{k esa 'kq¼ ifjorZu (v$c$l)udnh rFkk udnh ds led{k esa 'kq¼ ifjorZu (v$c$l)udnh rFkk udnh ds led{k esa 'kq¼ ifjorZu (v$c$l) 580244882 34809767

(;)(;)(;)(;)(;) udnh vkSj udnh ds led{k (izkjfEHkd 'ks"k)udnh vkSj udnh ds led{k (izkjfEHkd 'ks"k)udnh vkSj udnh ds led{k (izkjfEHkd 'ks"k)udnh vkSj udnh ds led{k (izkjfEHkd 'ks"k)udnh vkSj udnh ds led{k (izkjfEHkd 'ks"k) 454499075 419689308

(j)(j)(j)(j)(j) ;ksx;ksx;ksx;ksx;ksx 1034743957 454499075

(o)(o)(o)(o)(o) udnh vkSj udnh ds led{k var'ks"kudnh vkSj udnh ds led{k var'ks"kudnh vkSj udnh ds led{k var'ks"kudnh vkSj udnh ds led{k var'ks"kudnh vkSj udnh ds led{k var'ks"k 1034743957 454499075udnh vkSj udnh ds led{k rkRi;Z

1 gLrs udnh 99092 519042 cSadksa rFkk pkyw ,oa lkof/k tek [kkrksa esa vf/k'ks"k 1034644865 454447171

;ksx;ksx;ksx;ksx;ksx 1034743957 454499075

uksV&uksV&uksV&uksV&uksV& 1- udnh izokg dk ;g fooj.k bULVhV~;wV vkQ pkVZsM ,dkmUVsUVl vkQ bf.M;k }kjk tkjh ekud&3 esa fu/kkZfjr vizR;{k iz.kkyh ls rS;kj fd;k x;k gSA2- foxr o"kZ ds vkadM+ksa dks tgka dgha Hkh iz;ksT; gSa iqulZewghd`r@iquoZxhZd`r fd;k x;kA

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] y[kuÅ31 ekpZ 2013 dks lekIr o"kZ ds fy, udnh izokg fooj.k

gLrk{kj gLrk{kj gLrk{kj(t; xksiky egktu) (losZiYyh Jhfuokl) (cyfoUnj dqekj)

eq[; izca/kd (fo-,oa ys-)@dEiuh lfpo izcU/k funs'kd v/;{kgekjs lefrfFk ds izfrosnu ds vuqlkj

d`rs & ds- datkfj;k ,.M dEiuhpkVZsM ,dkmUVsUV~l

gLrk{kj(deys'k dqekj)

HkkxhnkjlnL;rk la[;k 017510

QeZ iathdj.k la[;k 000449lh

LFkku % y[kuÅfnukad % 27-7-2013

(#-)

123

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LTD, LUCKNOW

CASH FLOW STATEMENT FOR THE YEAR ENDING 31st MARCH 2013

PARTICULARS 2012-13 2011-12

(A) CASH FLOW FROM OPERATING ACTIVITIESProfit before tax 103220418 41207837Adjustments :

i Depreciation 1727537 1625761ii Expenditure on developmental activities/medical corpus

charged to Development Fund -1601267 -1417278

OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 103346688 41416320

CHANGES IN WORKING CAPITAL (Excluding Cash & Bank Balances)

Increase/Decrease in:i Inventories 9453923 182918ii Book-debts -164124348 -339631367iii Loans & Advances -13715014 -5919265iv Receivables 32484871 -33512024v Trade & other Payables 660170448 412299052

Cash Generated from Operations 627616568 74835634Less : Income Tax paid -38334262 -16636824

NET CASH FLOW FROM OPERATING ACTIVITES (A) 589282306 58198810

(B) CASH FLOW FROM INVESTING ACTIVITIESi Sale of Fixed Assets 33452 182920

ii Addition to Fixed Assets/W.I.P -2446186 -13460603

NET CASH FLOW FROM INVESTING ACTIVITIES (B) -2412734 -13277683

(C) CASH FLOW FROM FINANCIAL ACTIVITIESi Payment of Dividend -6624690 -10111360

NET CASH FLOW FROM FINANCING ACTIVITIES (C) -6624690 -10111360

(D) NET CHANGES IN CASH AND CASH EQUIVALENT (A+B+C) 580244882 34809767(E) CASH AND CASH EQUIVALENT- OPENING BALNACE 454499075 419689308

(F) TOTAL 1034743957 454499075

(G) CASH AND CASH EQUIVALENT- CLOSING BALANCE 1034743957 454499075

Cash & Cash Equivalent represent :1 Cash in Hand 99092 519042 Balance with Banks in Current & Fixed deposit Account 1034644865 454447171

TOTAL 1034743957 454499075

Notes : 1 Cash flow statement has been prepared under the indirect method as set out in the AS-3, issued by the ICAI.

2 Previous year’s figures have been regrouped / re-classified wherever applicable.

Sd/- Sd/- Sd/-Jai Gopal Mahajan Sarvepalli Srinivas Balvinder Kumar

Ch. Manager (F&A)/ Company Secretary Managing Director Chairman As per our Report of even date

For K. Kanjaria & Co.Chartered Accountants

Sd/-Kamlesh Kumar

PartnerPlace: Lucknow M.No. 017510Date: 27-7-2013 F.R.No. 000449C

(Rs.)

124

dEiuh vf/kfu;e 1956 dh dEiuh vf/kfu;e 1956 dh dEiuh vf/kfu;e 1956 dh dEiuh vf/kfu;e 1956 dh dEiuh vf/kfu;e 1956 dh VI vuqlwph ds Hkkx vuqlwph ds Hkkx vuqlwph ds Hkkx vuqlwph ds Hkkx vuqlwph ds Hkkx IV ds vuqlj.k esa lwpuk] fLFkfr i=d dk lkjka'k vkSj dEiuh dsds vuqlj.k esa lwpuk] fLFkfr i=d dk lkjka'k vkSj dEiuh dsds vuqlj.k esa lwpuk] fLFkfr i=d dk lkjka'k vkSj dEiuh dsds vuqlj.k esa lwpuk] fLFkfr i=d dk lkjka'k vkSj dEiuh dsds vuqlj.k esa lwpuk] fLFkfr i=d dk lkjka'k vkSj dEiuh dslkekU; dkjksckj dh fLFkfrlkekU; dkjksckj dh fLFkfrlkekU; dkjksckj dh fLFkfrlkekU; dkjksckj dh fLFkfrlkekU; dkjksckj dh fLFkfri) iathdj.k fooj.kiathdj.k fooj.kiathdj.k fooj.kiathdj.k fooj.kiathdj.k fooj.k

iathdj.k la[;k 5974/83

jkT; dksM 20

fLFkfr i=d dk fnukad 31-03-2013

ii) o"kZ ds nksjku mxkgh Hkkjr ljdkj }kjk vfHknRr (/kujkf'k #- esa)o"kZ ds nksjku mxkgh Hkkjr ljdkj }kjk vfHknRr (/kujkf'k #- esa)o"kZ ds nksjku mxkgh Hkkjr ljdkj }kjk vfHknRr (/kujkf'k #- esa)o"kZ ds nksjku mxkgh Hkkjr ljdkj }kjk vfHknRr (/kujkf'k #- esa)o"kZ ds nksjku mxkgh Hkkjr ljdkj }kjk vfHknRr (/kujkf'k #- esa) -

iii) fuf/k;ksa ds fu;kstu o xfr'khyrk dh fLFkfr (/kujkf'k #- esa)fuf/k;ksa ds fu;kstu o xfr'khyrk dh fLFkfr (/kujkf'k #- esa)fuf/k;ksa ds fu;kstu o xfr'khyrk dh fLFkfr (/kujkf'k #- esa)fuf/k;ksa ds fu;kstu o xfr'khyrk dh fLFkfr (/kujkf'k #- esa)fuf/k;ksa ds fu;kstu o xfr'khyrk dh fLFkfr (/kujkf'k #- esa)dqy ns;rk,asdqy ns;rk,asdqy ns;rk,asdqy ns;rk,asdqy ns;rk,as dqy lEifÙk;kadqy lEifÙk;kadqy lEifÙk;kadqy lEifÙk;kadqy lEifÙk;ka2912744762 2912744762

fuf/k;ksa ds lzksrfuf/k;ksa ds lzksrfuf/k;ksa ds lzksrfuf/k;ksa ds lzksrfuf/k;ksa ds lzksrvfHknRr iwath 190000000vkjf{kr o vf/k'ks"k 216390201vkLFkfxr dj nkf;Ro ¼'kq)½ -11235175dkjil fuf/k ¼foi.ku dsUnz rFkk esxk DyLVj½ 210819053vU; xSj pkyw mÙkjnkf;Ro 0pkyw nkf;Ro 2306770683fuf/k;ksa dk fofu;ksxfuf/k;ksa dk fofu;ksxfuf/k;ksa dk fofu;ksxfuf/k;ksa dk fofu;ksxfuf/k;ksa dk fofu;ksx'kq) LFkk;h ifjlEifÙk;ka & okLrfod 25566717

& xSj okLrfod 449755iwathxr dk;Z izxfr esa 16520592dkjil fuf/k dk fu;kstu&¼foi.ku dsUnz rFkk esxkDyLVj½ 210819053vU; xSj pkyw ifjlEifÙk;ka& 313392

pkyw ifjlEifÙk;ka 2659075253

iv) dEiuh dk dk;Z fu"iknudEiuh dk dk;Z fu"iknudEiuh dk dk;Z fu"iknudEiuh dk dk;Z fu"iknudEiuh dk dk;Z fu"iknu

VuZvksoj 13754656813

dqy O;; 13651436395

dj iwoZ ykHk 103220418

dj mijkUr ykHk 69739174

izfr va'k vk; #i;s esa 36.70

ykHkka'k ¼va'k iwath dk izfr'kr½ 7.42%

v) dEiuh ds eq[; mRiknksa ds lk/kkj.k ukedEiuh ds eq[; mRiknksa ds lk/kkj.k ukedEiuh ds eq[; mRiknksa ds lk/kkj.k ukedEiuh ds eq[; mRiknksa ds lk/kkj.k ukedEiuh ds eq[; mRiknksa ds lk/kkj.k uke

mRiknu fooj.k Item Code No. (ITC Code)

lwr 5208(Cotton)

jax vkSj jlk;u 3204(Dyes)

oL= N.A.gLrk{kj gLrk{kj gLrk{kj

(t; xksiky egktu) (losZiYyh Jhfuokl) (cyfoUnj dqekj)eq[; izca/kd (fo-,oa ys-)@dEiuh lfpo izcU/k funs'kd v/;{k

gekjs lefrfFk ds izfrosnu ds vuqlkjd`rs & ds- datkfj;k ,.M dEiuh

pkVZsM ,dkmUVsUV~lgLrk{kj

(deys'k dqekj)Hkkxhnkj

lnL;rk la[;k 017510QeZ iathdj.k la[;k 000449lh

LFkku % y[kuÅfnukad % 27-7-2013

125

INFORMATION PURSUANT TO PARA IV OF SCHEDULE VI TO THE COMPANIES ACT, 1956,

BALANCESHEET AND COMPANY’S GENERAL BUSINESS PROFILE.i) Registration details:

Registration No. 5974/83

State Code 20

Date of Balance sheet 31-03-2013

ii) Capital raised during the year (Amount in Rs.) subscribed by Government of India. -iii)Position of Mobilization and Deployment of Funds (Amount in Rs.)

Total Liabilities Total Assets2912744762 2912744762

Sources of FundsPaid up Capital 190000000

Reserve & Surplus 216390201

Deferred tax liability (net) -11235175

Corpus Fund (Marketing Complex & Mega Cluster) 210819053

Other Non Current liabilities 0

Current liabilities 2306770683

Application of FundsNet Fixed Assets - Tangible 25566717

- Intangible 449755

Capital work in progress 16520592

Deployment of Corpus Fund (Marketing Complex & Mega Cluster) 210819053

Other Non Current Assets 313392

Current Assets 2659075253

iv)Performance of the companyTurnover 13754656813

Total Expenditure 13651436395

Profit before Tax 103220418

Profit after Tax 69739174

Earning per share in Rupees 36.70

Dividend (% age of Share Capital) 7.42%

v) Generic name of the principal product of the companyProduct description Item Code No. (ITC Code)

Yarn 5208(Cotton)

Dyes & Chemicals 3204(Dyes)

Fabric N.A.

Sd/- Sd/- Sd/-

Jai Gopal Mahajan Sarvepalli Srinivas Balvinder KumarCh. Manager (F&A)/ Company Secretary Managing Director Chairman

As per our Report of even date

For K. Kanjaria & Co.

Chartered Accountants

Sd/-Kamlesh Kumar

Partner

Place: Lucknow M.No. 017510

Date: 27-7-2013 F.R.No. 000449C