Kalinga Cement Ltd

BSE: 531165 | NSE: NA | ISIN: NA 
Market Cap: [Rs.Cr.] 0 | Face Value: [Rs.] 10
Industry: Cement - South India

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Director's Report

1996 KALINGA CEMENT LIMITED DIRECTORS' REPORT Your Directors have pleasure in presenting the 13th Annual Report together with the Audited Accounts and Cash Flow Statement for year ended 31st March, 1996. The operating results during the period have shown a net profit of Rs. 51.77 lakhs which represents a significant increase (on an annualised basis) over the previous period. The production and sales have shown substantial improvements during the period under review. DIVIDENDS The accumulated losses in the Balance Sheet represent only the unabsorbed depreciation of earlier years; however until these are fully covered, the Company is constrained against declaring any Dividend. Accordingly, your Directors regret their inability to declare any Dividend for this year. PRODUCTION & SALES Particulars 1995-96 1994-95 (12 months) (6 months) Cement Production (MT) 29873 11420 Sales (MT) 30565 13196 Production during the period under review has shown an increase by 33% over the previous period and it is hoped that the trend of higher capacity utilisation will continue in the financial year 1996-97. EXPANSION & FUTURE OUTLOOK The Capital Expenditure plan for expansion of capacity is almost complete and a substantial part of the expanded capacity is expected to be commissioned in the current year. 1. Cement Manufacturing Capacity: Augmentation of cement manufacturing capacity is underway with only the main mill awaiting delivery. All the Drive systems, Venting systems and Pollution control Equipment are in transit. The main mill is expected to be delivered within the next few weeks. 2. Marketing: The company has been conducting vigorous marketing efforts, in anticipation of the expanded production. This strategy has paid off and most of the production has already been booked for sale; now areas of market thrust have included the N.E. India destinations and expansion of the neighboring Bihar Market. 3. Mining: Development of the existing Mines and the removal of overburden from the recently purchased land is almost complete and the current year should witness expanded activity from the Mining sector. Planned mining and handling equipment are already in place. Members will be pleased to learn that the Company's efforts to acquire mining lease rights over newer areas have been successful and mining lease execution orders over an additional area of 161 hectares have just been received from the State Government. INDUSTRIAL RELATIONS During the period, Industrial relations continued to be extremely cordial & healthy. Your Directors expect that the same cordial relations will be maintained in the years to come. It is hoped that Company's unstinted efforts to improve both production and productivity will receive the whole hearted support of all section of employees. Your Directors wish to record their appreciation of the performance and co-operation of all sections of employees towards the efficient working of the Company. DIRECTORS Shri R. K. Rath (IAS Retd.) and Shri B. R. Sengupta, directors of the company retire by rotation and are eligible for re-election. AUDITORS M/s. S. N. Adlakha & Co., Chartered Accountant, the Statutory Auditors of the company, retire at the conclusion of this Annual General Meeting and are eligible for re-appointment. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO: As required under section 217(1)(a) of the Companies Act,1956 read with Rule of the Companies (Disclosure of particulars in Report of Board of Directors) Rule, 1988 the particulars relating to the conservation of energy, technology absorption and foreign exchange earnings are as follows: I. Conservation of energy: Your company continued to give priority to conservation of energy and proposals are being implemented for reduction of energy consumption. II. Foreign exchange earnings and out go: The company has not used any foreign exchange during the period ended 31st March, 1996. However, modest beginnings have been accomplished in exports through Merchant Exporters. Approximate earnings of foreign exchange on this count are Rs.3.60 lakhs. PARTICULARS OF EMPLOYEES The particulars required pursuant to the provisions of section 217(2A) of the Companies Act,1956 read with the Companies (Particulars of Employees) Rule, 1975 as amended by the Companies (Amendment) Act, 1988 the name & other particulars of employees of the company who were in receipt of remuneration of not less than Rs. 3,00,000/- p.a. during the period ended 31st March, 1996 or not less than Rs. 25,000/- per month during the period under review was nil. ACKNOWLEDGEMENT The Board expresses its gratitude for the valuable guidance and assistance provided by the Financial Institutions viz. IPICOL, IDBI, OSFC and Company's Banker Punjab National Bank whose continued support enabled the Company to function effectively. BALBIR SINGH Chairman Place : Bhubaneswar Dated : 2nd September, 1996.
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Peer Comparison

Company Market Cap
(Rs. in Cr.)
The Ramco Cement 5,189.59 29.35 2.19 8.21 18.3 14.6 1.22
Chettinad Cement 2,710.48 20.19 2.27 5.75 12.1 11.9 0.92
India Cements 2,168.69 103.82 0.59 6.64 4.5 8.4 0.79
Orient Cement 1,052.16 8.82 1.39 0.00 42.8 56.7 0.20
K C P 412.48 50.79 1.15 6.07 8.9 11.5 0.97
Sri Vishnu Cem. 352.87 6.94 5.90 0.00 102.2 79.7 0.91
Sagar Cements 321.72 0.00 1.21 8.89 2.1 7.2 0.82
Andhra Cements 191.38 0.00 0.66 0.00 0.0 0.0 1.65
Deccan Cements 117.60 0.00 0.52 5.05 3.3 8.9 1.12
Anjani Portland 107.58 0.00 1.34 5.08 3.9 12.4 3.00
NCL Inds. 86.48 0.00 0.49 5.36 -6.3 5.9 1.32
Kakatiya Cement 64.26 6.03 0.39 1.32 10.1 14.7 0.00
Panyam Cement 53.03 0.00 1.56 3.62 -41.2 -3.5 3.99
Shiva Cement 39.64 21.20 0.43 6.50 2.9 6.1 0.21
Bheema Cements 31.80 0.00 0.29 20.37 0.0 0.0 1.22

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Key Information

Key Executives:

Balbir Singh , Chairman 

B S Bhasin , Managing Director 

J C Nayak - IPICOL , Nominee 

R N Dey - OSFC , Nominee 

Company Head Office / Quarters:
31-A Kharvela Nagar,
Phone : 91-674-404012
Fax : 91-674-505883
E-mail :
Web : http://
Computronics India Ltd
1 Mittal Chambers
Nariman Point

Mumbai - 400 021

Fund Holding

Scheme Name No. of Shares
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