AR0910 Design FINAL ARTWORK (02 July
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** 2007-0 * actuarial overs gains/lossesfor losses, impairment lossesonborrowings (net), exchange foreign otherincome, EBITDAexcludes 8 figures includes Rs. 4 includesRs. figures 2005-06 2005-06 2005-06 2005-06 100.45 16.41 16% 3638 103.11 19.91 19% 3998 2006-07 2006-07 2006-07 2006-07 111.07 20.65 17% 3946 8 Standalone Standalone Standalone Standalone EBITDA Margin Turnover Book Value per share Value Book EPS** 17% 5763 7 crores profit onsaleofinvestments. profit 7 crores 119.52 23.62 2007-08 2007-08 2007-08 2007-08 152.64 42.82 19% 4036 158.96 43.51 18% 5982 Consol Consol Consol Consol 2008-09 2008-09 2008-09 2008-09 164.11 19.25 12% 8362 202.81 27.59 16% 12652 2009-10 2009-10 2009-10 2009-10 176.07 18.38 17% 5412 193.89 25.61 19% 9448 2005-06 2005-06 2005-06 2005-06 2168 511 593 5675 2219 601 752 2006-07 2006-07 (Rs. in Crores except pershare dataandEBITDAmargin) inCrores except (Rs. 2006-07 2006-07 2393 634 670 Market Capitalisation Market Standalone 4452 Standalone Standalone 994 EBITDA* Net Worth 2572 748 Tax** before Profit 2007-08 eas pension liabilitiesandrestructuring costs. 2007-08 2007-08 Standalone 2007-08 3572 1157 750 6571 3718 1176 1050 Consol Consol Consol 2008-09 2008-09 2008-09 2008-09 3859 660 980 3329 4770 917 2002 2009-10 2009-10 2009-10 2009-10 4283 588 897 7982 4716 933 1837 Revenue Breakup - Standalone Revenue Breakup - Consolidated Others Other Income Other Income STPP Others 8% 2% 4% Soda Ash 1% STPP 7% 16% Cement 1% 2% Cement Vacuum Salt Urea 3% Soda Ash 11% 12% 45% Urea 20% Complex Fertilisers 24% Complex Fertilisers Vacuum Salt 36% 7% Revenue Breakup Consolidated - Chemicals & Fertilizers Geographical Revenue - Consolidated America 17% Fertilizers Africa 41% 2% Europe 14% Chemicals Asia 59% 67% Expenditure Breakup-Standalone Expenditure Breakup - Consolidated Exceptional Dividend Retention Dividend Items 4% Exceptional Items Retention Financial 3% 2% 2% 2% 4% 4% Financial Taxes 4% 3% Taxes Overheads 3% 8% Overheads Distribution 13% 9% Materials Materials Distribution Employee 63% 52% 12% 4% Employee 8% CORPORATE INFORMATION Board of Directors Members of the Executive Committee R. Mukundan Managing Director Ratan N. Tata Kapil Mehan Executive Director (Chairman) P. K. Ghose Executive Director & CFO De Lyle Bloomquist President (Global Chemicals) R. Gopalakrishnan B. Sudhakar Chief Human Resources Officer (Vice-Chairman) Dr. Murali Sastry Chief Scientific Officer Dr. Arup Basu Chief Operating Officer (Chemicals - India) Nusli N. Wadia Ashvini Hiran Chief Operating Officer (Consumer Products) Company Secretary Prasad R. Menon Rajiv Chandan Registrar & Share Transfer Agent Nasser Munjee TSR Darashaw Limited 6-10 Haji Moosa Patrawala Industrial Estate, 20, Dr. E. Moses Road, Dr. Yoginder K. Alagh Mahalaxmi, Mumbai 400 011. Debenture Trustees Dr. M. S. Ananth IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R Kamani Marg, Ballard Estate, Mumbai 400 001 Eknath A. Kshirsagar Axis Trustee Services Limited Maker Tower ‘F‘, 6th Floor, Cuffe Parade, Colaba, Dr. Y. S. P. Thorat Mumbai 400 005 Solicitors R. Mukundan AZB & Partners, Mumbai Managing Director Mulla & Mulla and Craigie Blunt & Caroe, Mumbai. Auditors Kapil Mehan Deloitte Haskins & Sells, Chartered Accountants Executive Director N. M. Raiji & Co., Chartered Accountants Works P. K. Ghose India Overseas Executive Director & CFO Mithapur, Gujarat Wyoming, USA Babrala, Dist. Badaun, U.P. Northwich, Cheshire, U.K. Haldia, West Bengal Magadi, Kenya Registered Office Bombay House, Bankers Bank of America, Bank of Baroda, Citibank N.A., Deutsche Bank, 24, Homi Mody Street, HDFC Bank Limited, Standard Chartered Bank, State Bank of Fort, Mumbai 400 001 India, The Hongkong and Shanghai Banking Corporation Ltd., Tel: 022-66658282 ICICI Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., DBS Bank. Fax: 022-66658143 Visit us at: www.tatachemicals.com Company Identification No. CIN L24239MH1939PLC002893 CHEMICALS Seventy FirstCHEMICALS annual report 2009-2010 Seventy First annual report 2009-2010 Tata Chemicals Limited Contents Page No. Page No. Notice 1 Consolidated Financial Statements Directors’ Report 6 - Auditors’ Report 95 Management Discussion and Analysis 18 - Balance Sheet 96 Corporate Governance Report 38 - Profit & Loss Account 97 Auditors’ Report 52 - Cash Flow Statement 98 Balance Sheet 56 - Schedules to the Profit and Loss Account 100 Profit and Loss Account 57 - Schedules to the Balance Sheet 102 Cash Flow Statement 58 - Notes to Consolidated Schedules to the Profit and Loss Account 60 Balance Sheet and Profit and Loss Account 108 Schedules to the Balance Sheet 64 Financial Statistics 126 Notes to the Balance Sheet and Profit and Loss Account 73 Balance Sheet Abstract and Company’s General Business Profile 92 Statement pursuant to Section 212 of the Companies Act, 1956 93 Financial Highlights — Last Decade 94 Annual General Meeting : August 09, 2010 Time : 3.00 p.m. Venue : Birla Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg, Mumbai - 400 020 BOOK CLOSURE DATES JULY 06, 2010 — JULY 26, 2010 NOTICE NOTICE IS HEREBY GIVEN THAT THE SEVENTY FIRST ANNUAL GENERAL MEETING OF TATA CHEMICALS LIMITED will be held on Monday, August 09, 2010 at 3.00 p.m. at Birla Matushri Sabhagar, 19 Sir Vithaldas Thackersey Marg, Mumbai 400 020, to transact the following businesses: - 1. To receive, consider and adopt the Audited Profit and Loss Account for the year ended March 31, 2010 and the Balance Sheet as at that date, together with Reports of the Board of Directors and the Auditors thereon. 2. To declare dividend on Ordinary Shares. 3. To appoint a Director in place of Mr. Ratan N. Tata, who retires by rotation and is eligible for re-appointment. 4. To appoint a Director in place of Mr. Nusli N. Wadia, who retires by rotation and is eligible for re-appointment. 5. To appoint a Director in place of Mr. Prasad R. Menon, who retires by rotation and is eligible for re-appointment. 6. To appoint auditors and fix their remuneration. 7. APPOINTMENT OF DR. Y. S. P. THORAT AS A DIRECTOR To consider and, if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT Dr. Y. S. P. Thorat , who was appointed by the Board of Directors as an Additional Director of the Company with effect from January 8, 2010 and who holds office up to the date of the forthcoming Annual General Meeting of the Company, in terms of Section 260 of the Companies Act, 1956 (“the Act”) and in respect of whom the Company has received a notice in writing from a Member under Section 257 of the Act, proposing his candidature for the office of Director of the Company, be and is hereby appointed as a Director of the Company liable to retire by rotation.” Notes: 1. The relative Explanatory Statement pursuant to Section 173 of the Companies Act, 1956, in respect of the business under items 6 & 7 set out above is annexed hereto. 2. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY. PROXIES, IN ORDER TO BE EFFECTIVE, MUST BE RECEIVED BY THE COMPANY NOT LESS THAN 48 HOURS BEFORE THE MEETING. 3. Members / Proxies should bring the enclosed attendance slip duly filled in, for attending the Meeting, along with the Annual Report. Book Closure and Dividend: 4. The Register of Members and the Share Transfer Books of the Company will be closed from July 06, 2010 to July 26, 2010, both days inclusive. 5. The dividend, if declared at the Annual General Meeting, will be paid on or after August 10, 2010 to those persons or their mandates: (a) whose names appear as Beneficial Owners as at the end of the business hours on July 05, 2010 in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in electronic form; and (b) whose names appear as Members in the Register of Members of the Company on July 05, 2010 after giving effect to valid share transfers in physical form lodged with the Company / Registrar and Share Transfer Agents on or before the aforesaid date. 1 CHEMICALS Seventy First annual report 2009-2010 Tata Chemicals Limited 6. Nomination Facility: Members holding shares in physical form may obtain the Nomination forms from the Company’s Registrar and Share Transfer Agents. Members holding shares in electronic form may obtain the Nomination forms from their respective Deposi- tory Participants. 7. National Electronic Clearing Service (NECS) Reserve Bank of India has initiated National Electronic Clearing Service (NECS) for credit of dividend directly to the bank account of Members. Members holding shares in dematerialised form are requested to provide their latest bank account details (Core Banking Solutions enabled account numbers, 9 digit MICR and 11 digit IFS code) with their Depository Participants. Members holding shares in Physical Form are requested to provide their latest bank account details (Core Banking Solutions enabled account numbers, 9 digit MICR and 11 digit IFS code) alongwith their Folio Number to the Company’s Registrar and Share Transfer Agents, TSR Darashaw Limited. 8. Members holding shares in physical form are requested to consider converting their holdings to dematerialised form to eliminate all risks associated with physical shares and for ease in portfolio management. Members can contact the Company’s Registrar and Share Transfer Agents, TSR Darashaw Limited, for assistance in this regard. 9. Unclaimed Dividends: Transfer to General Revenue Account Pursuant to Section 205A(5) of the Companies Act, 1956, all unclaimed dividend upto the financial year ended March 31, 1995 have been transferred to the General Revenue Account of the Central Government.