hscc india ltd Management discussions
HSCC (INDIA) LIMITED
ANNUAL REPORT 2005-2006
MANAGEMENT DISCUSSION AND ANALYSIS
CAPITAL STRUCTURE:
During the year 2005-06, Authorised Share Capital remained at
Rs.2,00,00,000/- and Paid up Share Capital remained at Rs.1,60,01,200/- at
the end of the financial year, which includes Rs.1,20,00,900/- as Bonus
Share.
PERFORMANCE HIGHLIGHTS:
During the year 2005-06 HSCC was awarded the work of rendering Consultancy
Services for Design & Engineering, Project Management and procurement of
Medical Equipments, Drugs & Pharmaceuticals etc. for quite a few
prestigious projects. During the year HSCC has executed number of
Consultancy projects.
A list of major projects where HSCC is presently rendering its Consultancy
Services in the areas of Architectural Planning, Design & Engineering,
Project Management, Procurement & Information Technology is placed at
Annexure-I.
MEMORANDUM OF UNDERSTANDING:
The Company has been signing MOU with Ministry of Health & Family Welfare
over the last 10 years. The Company expects to be rated Very Good based
on the results for the year 2005-2006.
AWARDS:
The company has been accredited as ISO-9001: 1994 Company in August, 2000
and upgraded to ISO-9001:2000 in December, 2003.
For the year 1999-00, 2000-01 & 2001-02, the company has been bestowd with
Enterprise Excellence Award by the Indian Institution of Industrial
Engineering.
Institute of Economic Studies has conferred Udyog Rattan Award and Gold
Medal to HSCC for its outstanding performance in Productivity, Quality
Management and Innovation in the year 2002-03.
HSCC has been rated among BEST 5 Mini Ratnas Companies - by CRISIL-India
Today survey in their March, 05 publication.
Institute of Economic Studies has conferred Bharatiya Shiromani Puraskar
and Gold Medal to HSCC for its performance and contribution to
development of North East in June, 2005.
The company has been bestowed with the SILVER TROPHY by SCOPE for
Excellence and Outstanding contribution to Public Sector Management Smaller
Public Ent.Category for the year 2003-04 in January 2006.
Delhi Telugu Academy has conferred Excellence award for the valuable
contribution in the field of Public Sector to HSCC in March, 2006.
The Indian Institution of Industrial Engineering has awarded Performance
Excellence Award to HSCC for the excellent efforts put in by HSCC in May,
2006.
BUSINESS DEVELOPMENT:
In order to develop into atop class Consultancy Organisation, thrust is on
diversifying and expanding the field of operation and also the client base.
Company as a strategy has decided to explore business opportunities in
SAARC group of Countries as well as CIS group of countries. Efforts are
also onto tap the prospects in the Corporate Sector where large investments
are expected in the near future.
EXPENDITURE IN FOREIGN CURRENCY ON:
2005-06 2004-05
(Rs. in Lakhs) (Rs. in Lakhs)
i) Travelling 1.62 3.09
ii) Training, Seminar 0.52 -
and Others
iii) Import of Capital
goods on C.I.F
(on behalf of clients) 2177.47 1869.06
EARNING IN FOREIGN CURRENCY:
NIL NIL
INFORMATION REGARDING FOREIGN TOURS & EXPENDITURE THEREON:
2005-06 2004-05
Number of Tours 8 14
Expenditure 2.97 7.55
(Rs.in Lakhs)
HUMAN RESOURCE DEVELOPMENT:
SCC has identified Human Resource Development as one of the key areas for
facilitating achievement of the company goals. Ample opportunities are
provided to employees at all levels to enhance their knowledge and skills.
Apart from in-house training programmes, employees are sponsored for
external programmes of reputed management institutes apart from various
workshops, seminars and conferences. Further, to help employees gain
exposure to international management practices and strategies, overseas
training is also provided. The company believes that such HR initiatives
help not only in the growth of the individual but also of the company as
well.
INDUSTRIAL RELATIONS:
The Industrial Relations scene in the company continued to be cordial and
harmonious. Employees are encouraged to provide innovative suggestions for
continued betterment of the company.
WELFARE ACTIVITIES:
HSCC being a consultancy organisation, its strength lies in its manpower.
It is therefore of paramount importance that they remain motivated and
dedicated. The company provides various social benefits to the employees.
The company continues to organise sports meets, get-togethers, picnics,
annual day etc.
PROMOTION OF HINDI:
The usage of Hindi is being progressively increased in the company in
accordance with the Official Language Policy of the Government. The
companys quarterly in-house magazine now contains a number of
contributions in Hindi from the employees. Hindi Fortnight was also held in
the office during which various competitions were organized. Besides, the
company is also a member of the Town Rajbhasha Implementation Committee,
Noida under the Ministry of Home affairs, Government of India and is also
represented at various competitions, meeting, seminars etc.
VIGILANCE:
HSCC being a small Consultancy Organization, there is no separate Vigilance
Unit in the Company. Shri Sanjiv Sood, Executive Director has acted as part
time CVO till 17.07.06 and since then Shri A.K.Aggarwal, Chief General
Manager (F&A) assume charge as part-time CVO. Normal vigilance activities
and inspections are being carried out at Corporate office and Project sites
as a preventive measure and the instructions received from the Central
Vigilance Commission from time to time are being adhered to strictly.
SOCIAL RESPONSIBILITY:
The social advancement of the Scheduled Castes and Scheduled Tribes has
been one of the major policy approaches of the Government since
Independence. HSCC on its part is continuing in its endeavour towards
implementation of the government policies with respect to Welfare and
upliftment of SC/ST/OBCs & handicapped personnel.
HSCC has contributed Rs. 4.47 Lakhs and employees of HSCC has contributed
Rs.0.53 Lakhs to Prime Ministers Relief Fund for J&K Victims.