South Eastern Coalfields Limited (A Mini Ratna PSU)
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South Eastern Coalfields Limited (A Mini Ratna PSU) 9th 2 ANNUAL REPORT 2014-15 CONTENTS Vision & Mission ................................................................................... 002 SECL at a Glance .................................................................................. 003 Corporate Information .......................................................................... 004 Board of Directors ................................................................................ 005 The Year at a Glance ............................................................................ 006 Performance Trend ............................................................................... 007 Chairman’s Letter ................................................................................. 011 Awards & Accolades ............................................................................ 018 Operational Statistics ........................................................................... 019 Directors’ Pro le ................................................................................... 026 Our Management Team ........................................................................ 033 Our Presence ........................................................................................ 036 CORPORATE OVERVIEW Report of Board of Directors ............................................................... 037 Report on Performance of Subsidiaries ............................................. 100 Annual Report on CSR ......................................................................... 105 Auditors’ Report on MoU Parameters ................................................ 118 Secretarial Audit Report ...................................................................... 119 Information u/s 134(3)(m) of the Companies Act, 2013 ..................... 121 Report on Corporate Governance ....................................................... 123 Certi cate on Corporate Governance ................................................. 137 Management Discussion & Analysis Report ..................................... 138 Extract of Annual Return ..................................................................... 151 STATUTORY REPORT Comments of C&AG of India ............................................................... 161 Auditors’ Report ................................................................................... 162 Balance Sheet ....................................................................................... 172 Statement of Pro t & Loss .................................................................. 174 Cash Flow Statement ........................................................................... 176 Notes to Financial Statements ............................................................ 178 Comments of C&AG of India ( on Consolidated Financial Statements) ........................................................................................... 227 Auditors’ Report (on Consolidated Financial Statements) ............... 228 Balance Sheet (Consolidated) ............................................................. 238 Statement of Pro t & Loss (Consolidated) ........................................ 240 Cash Flow Statement (Consolidated) ................................................. 242 Notes to Financial Statements (Consolidated) .................................. 244 Statement containing Salient features of Financial Statements of Subsidiaries (AOC -1) ................................. 295 Annexure – I & IX under Clause 41 of Listing Agreement (as per SEBI Guidelines) ...................................................................... 296 FINANCIAL STATEMENTS CEO & CFO Certi cation ...................................................................... 302 NOTICE of 29th Annual General Meeting ........................................................... 303 CONTENTS Vision & Mission ................................................................................... 002 SECL at a Glance .................................................................................. 003 Corporate Information .......................................................................... 004 Board of Directors ................................................................................ 005 The Year at a Glance ............................................................................ 006 Performance Trend ............................................................................... 007 Chairman’s Letter ................................................................................. 011 Awards & Accolades ............................................................................ 018 Operational Statistics ........................................................................... 019 Directors’ Pro le ................................................................................... 026 Our Management Team ........................................................................ 033 Our Presence ........................................................................................ 036 CORPORATE OVERVIEW Report of Board of Directors ............................................................... 037 Report on Performance of Subsidiaries ............................................. 100 Annual Report on CSR ......................................................................... 105 Auditors’ Report on MoU Parameters ................................................ 118 Secretarial Audit Report ...................................................................... 119 Information u/s 134(3)(m) of the Companies Act, 2013 ..................... 121 Report on Corporate Governance ....................................................... 123 Certi cate on Corporate Governance ................................................. 137 Management Discussion & Analysis Report ..................................... 138 Extract of Annual Return ..................................................................... 151 STATUTORY REPORT Comments of C&AG of India ............................................................... 161 Auditors’ Report ................................................................................... 162 Balance Sheet ....................................................................................... 172 Statement of Pro t & Loss .................................................................. 174 Cash Flow Statement ........................................................................... 176 Notes to Financial Statements ............................................................ 178 Comments of C&AG of India ( on Consolidated Financial Statements) ........................................................................................... 227 Auditors’ Report (on Consolidated Financial Statements) ............... 228 Balance Sheet (Consolidated) ............................................................. 238 Statement of Pro t & Loss (Consolidated) ........................................ 240 Cash Flow Statement (Consolidated) ................................................. 242 Notes to Financial Statements (Consolidated) .................................. 244 Statement containing Salient features of Financial Statements of Subsidiaries (AOC -1) ................................. 295 Annexure – I & IX under Clause 41 of Listing Agreement (as per SEBI Guidelines) ...................................................................... 296 FINANCIAL STATEMENTS CEO & CFO Certi cation ...................................................................... 302 NOTICE of 29th Annual General Meeting ........................................................... 303 SECL (A Mini Ratna PSU) A Subsidiary of Coal India Limited VISION The vision of South Eastern Coalfields Limited (SECL) is to be one of the leading energy supplier in the country, by adopting the best practices and leading technology from mine to market. MISSION The mission of South Eastern Coalfields Limited (SECL) is to produce and market the planned quantity of coal and coal products efficiently and economically in an eco-friendly manner with due regard to safety, conservation and quality. SECL at a glance South Eastern Coalfields Limited (SECL) is single largest Coal producing company of India, with 128.28 Million Tonnes of coal production in 2014-15. Coal reserves of SECL are spread over the States of Chhattisgarh & Madhya Pradesh and the company is operating 85 mines (52 mines in CG & 33 in MP). 3.23% 8.71% ` 5659.54 ` 9398.86 ` 10174.95 Growth in Growth in Crore of Profit before Dividend Basic EPS Production output- Tax Per Share for for FY 2014-15 per-manshift FY 2014-15 (OMS) Corporate Information Board of Directors The year at a Glance Performance Trend Corporate Information Corporate Identification Number (CIN): U10102CT1985GOI003161 REGISTERED OFFICE LOCATION OF MINES: South Eastern Coalfields Limited State: Chhattisgarh Seepat Road, Districts: Korba Bilaspur (Chhattisgarh) - 495 006 Raigarh Tel: 07752 246379-399 Surguja Fax: 07752 246451 Koriya Website: www.secl.gov.in Surajpur Balrampur KEY MANAGERIAL PERSONNEL State: Madhya Pradesh Whole-Time Directors Districts: Shahdol Shri Om Prakash, CMD & CEO Anuppur Shri A. P. Panda, D(F) & CFO Umaria Shri R. P. Thakur, D(T)O Dr. R. S. Jha, D(P) BANKERS State Bank of India Company Secretary ICICI Bank Shri S. M. Yunus HDFC Bank Union Bank of India STATUTORY AUDITORS UCO Bank