99th Annual Report & Accounts 2019-2020 THE SINGARENI COLLIERIES COMPANY LIMITED (A Government Company) Registered Office: Kothagudem Collieries (P.O.) - 507 101 Bhadradri Kothagudem District, Telangana, India. THE SINGARENI COLLIERIES COMPANY LIMITED www.scclmines.com CIN: U10102TG1920SGC000571 (A GOVERNMENT COMPANY) OUR MISSION Ø To retain our strategic role of a premier Coal Producing Company in the country and excel in a competitive business environment. Ø To strive for self-reliance by optimum utilisation of existing resources and earn adequate return on the capital employed. Ø To exploit the available mining blocks with maximum conservation and utmost safety by adopting suitable technologies & practices and constantly upgrading them Sri K.Chandrasekhar Rao Chief Minister is greeted by Sri N.Sridhar C&MD against international benchmarks. SCCL on the occasion of handing over dividend cheque Ø To supply reliable and qualitative coal in adequate quantities and strive to satisfy customers needs by constantly sharing their experience and customising our product. Ø To emerge as a model employer and maintain harmonious industrial relations within the legal and social framework of the State. Ø To emerge as a responsible Company through good Corporate Governance, by laying emphasis on protection of environment & ecology and with due regard for corporate social obligations. Sri N.Sridhar C&MD receiving BHARATIYA MAHANTAM PURASKAR 2019-20 (THE LEADER) award at Bangkok (Thailand) on February 7, 2020 THE SINGARENI COLLIERIES COMPANY LIMITED 99th Annual Report & Accounts for the year 2019-2020 THE SINGARENI COLLIERIES COMPANY LIMITED (A Government Company) 99TH ANNUAL REPORT & ACCOUNTS FOR THE YEAR 2019-2020 C O N T E N T S Performance indicators at a glance 1 Notice 2 Board’s Report 6 Comments of C&AG and Management replies 64 Independent Auditors’ Report and Management replies on the standalone Financial Statements 67 Independent Auditors’ Report and Management replies on the Consolidated Financial Statements 85 Stand alone Financial Statements: - Balance sheet 95 - Statement of Profit & Loss 97 - Cash flow statement 100 - Notes 102 Statement on subsidiary & JV Companies in Form AOC-I 176 Consolidated Financial Statements 178 BANKERS: Location of mining areas: State Bank of India Indian Bank Khammam & Bhadradri Canara Bank Union Bank of India Kothagudem Districts Yellandu Rudrampur STATUTORY AUDITORS: Manuguru M/s. Ramamoorthy (N) & Co., Chartered Accountants, 4-1-1229, Peddapalli District Gulshan Manzil, Ramagundam (Godavarikhani) Bogulkunta, Hyderabad – 500 001, Telangana State. Mancherial & Komarambheem Asifabad Districts Srirampur Mandamarri SECRETARIAL AUDITOR: Sri K.V.Chalama Reddy, Bellampalli Company Secretary, Flat No.301, Madhava Apts., Jayashankar Bhoopalpalli District Hill Colony, Khairatabad, Hyderabad – 500 004. Bhoopalpalli i THE SINGARENI COLLIERIES COMPANY LIMITED 99th Annual Report & Accounts for the year 2019-2020 BOARD OF DIRECTORS 1. Chairman & Managing Director Sri N. Sridhar (From 1.1.2015 FN) 2. Director (Operations) Sri S. Chandrasekhar (From 2.5.2017 AN) 3. Director (Personnel, Administration & Welfare) Sri S. Chandrasekhar (FAC) (From 4.6.2018) 4. Director (Finance) & CFO Sri N. Balram (From 05.12.2018) 5. Director (Planning & Projects) Sri N.Balram (FAC) (From 01.08.2020) Sri B. Bhaskara Rao (From 2.5.2017 AN to 31.07.2020) 6. Director (Electrical & Mechanical) Sri D.Satyanarayana Rao (From 25.09.2020 AN) Sri S. Shankar (From 1.2.2017 to 31.07.2020) 7. Sri R.R. Mishra (From 7.12.2015) Chairman-cum- Managing Director, Western Coalfields Ltd., Nagpur 8. Sri PSL Swami (From 26.06.2019) Dy. Secretary, Ministry of Coal, Govt. of India, New Delhi Sri J.S.Bindra (From 9.6.2017 to 05.03.2019) Director, Ministry of Coal, Govt. of India, New Delhi 9. Sri Ajitesh Kumar (From 05.06.2020) Dy. Secretary, Ministry of Coal, Govt. of India, New Delhi Sri Mukesh Chudhary (From 11.01.2019 to 04.06.2020) Director, Ministry of Coal, Govt. of India, New Delhi 10. Sri K.Rama Krishna Rao (From 28.6.2014) Principal Secretary, Finance Dept., Govt. of Telangana. 11. Sri Sandeep Kumar Sultania (From 28.08.2020) Secretary, Energy Dept., Govt. of Telangana. Sri Ajay Misra (From 20.12.2016 to 31.07.2020) Special Chief Secretary, Energy Dept., Govt. of Telangana. Sri B. Muralidhara Rao Sri M. Narasimha Reddy G M (Corporate Affairs) & Company Secretary General Manager (Finance & Accounts) ii THE SINGARENI COLLIERIES COMPANY LIMITED 99th Annual Report & Accounts for the year 2019-2020 BOARD OF DIRECTORS as on 30.12.2020 Sri N. Sridhar Chairman & Managing Director Sri S. Chandrasekhar Sri N. Balram Sri D. Satyanarayana Rao Director (Operations) & (PA&W) (FAC) Director (Finance) & (Planning & Projects) (FAC) Director (E&M) Sri K. Rama Krishna Rao Sri Sandeep Kumar Sultania Sri R.R. Mishra Sri PSL Swami Sri Ajitesh Kumar Director Director Director Director Director iii Net Sales (Rs. in crore) 19822.50 20000 18854.12 17156.77 16000 13127.01 12570.37 12000 8000 4000 0 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) Profit before tax Net worth (Rs. in crore) 9000 8346.62 8000 7557.87 7000 6055.77 6000 5106.29 4898.59 5000 4000 2844.54 3000 2822.48 2000 1518.92 888.08 THE SINGARENI COLLIERIES COMPANY LIMITED 1000 99th Annual Report & Accounts for the year 2019-2020651.15 0 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) Production O-take (Million Tonnes) 67.67 Graphs Indicating Important Statistics 70 64.40 64.62 64.04 62.47 Production 62.01O-take (Million61.3 Tonnes)4 60.79 60.38 Production O-take (Million Tonnes) 58.72 Contribuon to Exchequer: Govt. of Telangana Govt. of India (Rs. in crore) 60 67.67 70 64.04 62.47 64.40 67.67 62.01 64.62 70 64.62 61.34 60.79 60.38 4000 3680.45 50 64.04 62.47 64.40 62.01 61.34 60.79 58.72 3504.23 60 60.38 58.72 3330.22 3348.40 3438.72 60 3500 40 50 2887.60 50 3000 30 2453.38 2492.60 40 2500 40 1906.47 2030 2000 1802.63 30 1020 1500 20 1000 010 10 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 500 0 0 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 0 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 2019-202018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) Productivity (OMS) (Tonne / Man shift) Social overheads (Rs. in crore) 4.89 5.00 4.83 4.74 582.96 Productivity (OMS) (Tonne / Man shift) 600 565.66Social overheads (Rs. in crore) 4.89 Productivity (OMS) (Tonne / Man4.74 shift) Social overheads (Rs. in crore) 5.00 4.83 514.63 509.10 4.89 4.83 3.86 4.74 3.77 4.005.00 500 582.96582.96 461.82 600600 565.66565.66 3.86 4.00 3.77 514.63514.63 509.10509.10 3.86 3.77 400 3.004.00 500500 461.82461.82 300 3.00 400 2.003.00 400 300200 2.00 300 1.002.00 200100 1.00 200 0.001.00 1000 2019-202018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 0.00 100 0 0.00 2019-202018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 2019-202018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 0 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) Manpower (Nos.) Debtors (Rs. in crore) 58491 60000 Manpow54043er (Nos.) 56282 10000 9461.92 58491 Debtors (Rs. in crore) 60000 48942 Manpower (Nos.) 50000 54043 56282 58491 60000 46021 10000 9461.92 48942 54043 56282 8000 Debtors (Rs. in crore) 50000 40000 46021 48942 50000 10000 9461.92 46021 80006000 5346.27 40000 30000 40000 4195.85 60008000 5346.27 3807.23 30000 4000 3131.29 20000 4195.85 30000 3807.23 20000 4000 3131.29 10000 20006000 5346.27 20000 4195.85 10000 2000 3807.23 0 40000 10000 2019-20 2018-19 (r/s)2017-183131.29 (r/s)2016-17 (r/s)2015-16 (r/s) 0 2019-202018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) Net Sales (Rs. in crore) 0 0 2019-202018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 19822.50Net Sales (Rs. in crore) 2000 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 20000 2019-202018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 18854.12 19822.50 20000 17156.77 18854.12 Debtors as No.of Months Sales (No of Months) 17156.77 0 4.99 16000 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 13127.01 5.00 16000 12570.37 Debtors as No.of Months Sales (No of Months) 4.99 12000 13127.01 12570.37 5.004.00 12000 8000 4.00 2.98 3.00 2.65 8000 Debtors as No.of Months Sales (No of2.48 Months) 4.99 2.98 4000 3.005.00 2.65 2.00 1.76 2.48 4000 0 2.00 1.76 1.004.00 0 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) 2.98 1.003.00 2.65 0.00 2.48 2019-20 2018-19 (r/s)2017-18 (r/s)2016-17 (r/s)2015-16 (r/s) Profit before tax Net worth (Rs.