INDIA AND OVERSEAS OFFICES HEAD OFFICES LIBYA Kolkata INDIA, Chennai VA TECH WABAG - LIBYA VA TECH WABAG LIMITED VA TECH WABAG LIMITED DLF IT Park, Tower 1, 3rd Floor, 8, Major Arterial Road Branch Office Tripoli /Janzour sustainable solutions. for a better life. #11, Murray’s Gate Road, Alwarpet, Chennai 600 018 P.O. Box 91170-Dat Al-Emad Block A, New Town, Kolkata 700 156 Tel: +91 44 4223 23 23, Fax: +91 44 4223 2324 Tripoli /Libya Tel: +91 33 4005 5671 / 5688 / 5689 e-mail: [email protected] Phone: +218 (0) 21 715 8881 Fax: +91 33 4005 5690 AUSTRIA, Vienna Fax: +218 (0) 21 715 8881 Baroda VA TECH WABAG GmbH E-Mail: [email protected] Dresdner Str. 87-91, 1200 Vienna, Austria Internet: www.wabag.com VA TECH WABAG LIMITED Telephone: +43 (1) 25105 -0 Premises No. 401, 4th floor, Rubelite Hub, 32, Ajit NAMIBIA Fax: +43 (1) 25105 -130 Nagar, Co operative Society, Near Urmi Cross Road, WINGOC E-mail: [email protected] Akota, Vadodara-390 020 Gujarat, India Windhoek Goreangab Operating Company (PTY) Ltd. Tel : 91 0265 6544457 EUROPE Matshitshi Street, Goreangab Ext.3 CZECH REPUBLIC Windhoek, Namibia ASIA VA TECH WABAG Brno spol. s r.o. Telephone: +264 (0)61 27 2138 / 27 1742 SINGAPORE Železná 492/16, 619 00 Brno, Czech Republic Fax: +264 (0)61 27 2263 VA TECH WABAG (Singapore) PTE i Telephone:+420 (5) 45 427 - 710 E-mail: [email protected] 55 MARKET STREET #08-01 Bringing water back to life Fax:+420 (5) 45 427 - 736 Website: http://www.wingoc.com.na/ SINGAPORE (048941) (nicht operativ) GERMANY Ujams Wastewater Treatment Company (Pty) Ltd. HONGKONG VA TECH WABAG Deutschland GmbH Matshitshi Street, Goreangab Extension 3, VA TECH WABAG (Hong Kong) Limited Baumeisterallee 13-15, D-04442 Zwenkau Windhoek, Namibia Room 1704, 17/F., Jubilee Centre, 18 Fenwick Street, VA TECH WABAG LIMITED Telephone:+49 (34203) 43546 Wan Chai, Hong Kong (nicht operativ) Fax:+49 (34203) 43547 TUNISIA VA TECH WABAG Tunisie SARL CHINA Annual Report 2011-12 ROMANIA 21, Rue Abdelaziz MASTOURI Beijing VA TECH WABAG WABAG Water Services SRL El Menzah 9 - 1013 Ariana, TUNIS - TUNISIE Water Treatment Technology Co., Ltd. Dimitrie Pompeiu Blv., No 6E, 9th floor, 2nd District Tel: +216 71 883 433, Fax: +216 71 883 413 Rm. 1113, Tower B, Fulllink Plaza, No. 18, 20337 Bucuresti, Romania E-mail: [email protected] Chaoyangmenwai Street, Chaoyang District, 100020 Tel. +40-21-409 02 00, Fax +40-21-409 02 22 Beijing, P.R. China [email protected] MIDDLE EAST Telephone: +86 - 10 – 6588 6300 IRAN RUSSIA Fax: +86 - 10 – 6588 5100 VA TECH WABAG Office Tehran VA TECH WABAG GmbH E-Mail: [email protected] Sadr Express way (South of Qeytariyeith Park), No. 63 Office Moscow, Nizhegorodskaya, 32., Bld. 4, MACAU Office 510, 109029, Moscow, Russia Roushanaie Str., 19319 Tehran, Iran WABAG Water Services (Macau) Ltd. Tel.: +7 495 988 07 18 Telephone: +98 21 222 30 557 Coloane Waste Water Treatment Plant [email protected] or +98 21 222 4675/76 Fax: +98 21 222 03 462 Estrada Seac Pai Van, S/N SWITZERLAND Mobile: +98 912 123 0119 Etar de Coloane, R/C Coloane, Macau, PRC China WABAG Wassertechnik AG E-mail: [email protected] Director: Mr. Sean Kilker Bürglistrasse 31, Postfach, CH-8401 Winterthur Tel.: 00853 28882080 Telephone: +41 (52) 262 43 43 SAUDI ARABIA [email protected] Fax: +41 (52) 262 00 73 VA TECH WABAG GmbH E-maill: [email protected] Al Mutawa Building, Bldg. No. 3535, Office No. 6 INDONESIA Prince Fawaz Bin Abdulaziz Street, Al Rabwa VA TECH WABAG Indonesia WABAG Technique de l'Eau SA Representative Office Jakarta Avenue de la Rasude 2, 1006 Lausanne P.O. Box 13527, Riyadh 11414 A-403 Menera Kondiminum,J1 Terusan Gading Timur Tel. : +41 21 508 15 15. KINGDOM OF SAUDI ARABIA Tel.: +966 1 472 7345, Fax: +966 1 472 6925 Boulevard No. 88, Kelapa Gading, Jakarta, TURKEY INDONESIA VA TECH WABAG OMAN Phone + 62-21-46835715 SU TEKNOLOJĞSĞ VE TĞCARET LĞMĞTED ğĞRKETI VA TECH WABAG Ltd. (Oman Branch) Fax + 62-21-46835715 Oruç Reis Mah., Tekstilkent Cad. Koza Plaza Flat No. 32, Building No. P/22, Azaiba, Muscat, No:12 A-Blok Kat:8 D:29-32, 34235 Esenler, Ğstanbul Sultanate of Oman, PO Box 997, Postal Code 116 MALAYSIA Türkiye Tel.: + 968 2461 3320, Fax: + 968 2461 3321 VA TECH WABAG Tel: +90 212 438 12 26 e-mail: [email protected] 35, 1st Floor, Jalan 51/205, Highway centre, 46050, Petaling Jaya, Selangor Darul Ehsan, Malaysia AFRICA INDIA Phone : 00603 77853012, Fax : 0060377853016. ALGERIA New Delhi VA TECH WABAG Algérie SARL VA TECH WABAG LIMITED PHILIPPINES 2, Rue Bois des Pins S-14, 2nd Floor, Greenpark Extn. VA TECH WABAG (PHILIPPINES) INC. Kouba-16050 Alger, Algeria New Delhi 110 016 Unit 1005, 10th Floor, Security Bank Centre Telephone: +213 (21) 68 9315 Tel: +91 11 410 06635 6776 Ayala Avenue, Condominium Fax: +213 (21) 28 2372 Fax: +91 11 410 06637 Makati City, Philippines E-mail: [email protected] Pune VIETNAM EGYPT VA TECH WABAG Office Hanoi VA TECH WABAG Egypt LLC VA TECH WABAG LIMITED 3, EL MALEK EL AFDAL STREET, 2 nd FLOOR, FLAT Harsh Orchid Building Mr. Nguyen Van Khoa, Room 1005, HAREC Building, NR. 11, ZAMALEK, Cairo, Egypt Nagras Road / New DP Road, 04 Lang Ha Street, Ba Dinh District, Hanoi, Vietnam Telephone: +202 27 35 34 86/87 Aundh - Pune 411 007 Telephone: +84 4 772 4901, Fax: +84 4 7724903 Fax: +202 27 35 34 76 Tel: +91 20 3050 3333 E-mail: [email protected] E-Mail: [email protected] Fax: +91 20 3050 3222 Forward-looking statement In this annual report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, Corporate Information ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. Board of Directors Bankers We cannot guarantee that these forward-looking statements will be realised, although Bhagwan Dass Narang, Chairman State Bank of India we believe we have been prudent in our assumptions. The achievement of results is Rajiv Mittal, Managing Director ICICI Bank Limited subject to risks, uncertainties and even inaccurate assumptions. Should known or Sumit Chandwani unknown risks or uncertainties materialise, or should underlying assumptions prove Yes Bank Limited Jaithirth Rao inaccurate, actual results could vary materially from those anticipated, estimated or HDFC Bank Limited projected. Readers should bear this in mind. Guenter Heisler Revathi Kasturi IDBI Bank Limited We undertake no obligation to publicly update any forward-looking statements, Punjab National Bank whether as a result of new information, future events or otherwise. Chief Financial Officer Societe Generale Bank S Varadarajan Statutory Auditors Company Secretary Walker, Chandiok & Co., Rajiv Balakrishnan Chartered Accountants Registered & Corporate Office Registrar and Transfer Agents 11, Murray’s Gate Road, Karvy Computershare Private Limited Alwarpet, Chennai 600 018 Contents Vision and mission 01 Corporate identity 02 Our performance 04 Chairman’s message 06 Letter from the Managing Director 08 Directors’ Report 20 Management Discussion and Analysis 27 Corporate Governance Report 36 Auditor’s Report 51 Standalone Financials 54 Consolidated Auditor’s Report 81 Consolidated Financials 82 Financial Informations of Subsidiaries 108 A PRODUCT [email protected] Our Vision Our Mission WABAG shall be a professionally managed Indian We, at WABAG exist to provide total water solutions to our Multinational having Market Leadership in Emerging Markets valued customers. and significant position in the Global Market both in the EPC Our strong, capable, agile and customer focused team shall and Service Sector of Water Business. ensure that every customer solution is creative, priced WABAG shall encourage and practice a culture of Caring, competitively and provided in the agreed time frame with Trust and Continuous Learning while meeting Expectations of essence of quality at optimum cost. Employees, Stakeholders and Society. WABAG-ites shall be We, at WABAG, always have concern for the welfare of our an Innovative, Entrepreneurial and Empowered Team employees and shall do everything it takes to attract and committed to Total Customer Satisfaction and Value Creation. retain the best of the talent. Think Water. Think WABAG. WABAG possesses superior technology competence to transform contaminated water into perfectly potable. WABAG is more than just a water infrastructure company. An Indian multinational. A pure-play water technology company Engaged in end-to-end solutions Specialist in complex and cost-competitive business model Owns more than 100 processes and product patents WABAG brand has been in existence since 1924 Global presence through 18 subsidiaries across 17 countries Executed more than 2,250 projects in the last three decades 2 VA TECH WABAG LIMITED l Annual Report 2011-12 Presence Services Presence in India, the Middle East, The Company undertakes turnkey North Africa, Central and Eastern contracts for design, engineering, Europe, China and South East Asia procurement, construction, erection, R&D centres in India, Austria and commissioning and operation and Switzerland maintenance of the following: Present across Indian metropolitan Drinking water treatment cities through full-fledged offices in Pune, Industrial waste water treatment Delhi, Kolkata supported by multiple site Municipal waste water treatment Lineage offices. Industrial and process water treatment The Company has been in the water International engineering centres in Desalination (sea water and brackish treatment business in India since 1996 Pune and Vadodara water) Managed by a widely experienced Recycling (industrial and municipal management team waste water) 3 Our performance in 2011-12 Consolidated Financials Closing Order Book (Rs in million) Revenue (Rs in million) Revenue increased 16.24% from Rs.