ANNUAL REPORT 2019-20 BHARAT COKING COAL LIMITED A MINI RATNA COMPANY CONTENT 005 006 008 009 Vision & Mission Management Notice Statement During the year Bankers & Auditors 011 012 015 Board of Directors Chairman’s Statement Operational Statistics 016 025 123 130 Financial R&D and Report on Directors’ Report CSR Report Statistics Corporate Governance 135 144 146 Management Discussion CEO And CFO Statutory Auditor’s Report and Analysis Report Certification and replies of Management 192 194 197 Comptroller & Auditor Secretarial General of India Report Auditor’s Report Balance Sheet 199 201 203 Profit & Loss Statement of flow of Cash Statement of Account and Cash Equivalent changes in equity 205 206 230 Corporate Significant Accounting Notes to Balance Information Policy Sheet 255 264 297 299 Notes to Profit &Loss Additional Notes Regulation 33 of Other Details Account on Accounts SEBI (Enclosures) BHARAT COKING COAL A MINI RATNA LIMITED COMPANY Vision The vision of Bharat Coking Coal Limited (BCCL) is to emerge as a global player in the primary energy sector committed to provide energy security to the country by attaining environmentally & socially sustainable growth through best practices from mine to market. Mission The mission of Bharat Coking Coal Limited (BCCL) 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. Annual Report 2019-20 5 A MINI RATNA BHARAT COKING COAL COMPANY LIMITED पं.का.:-कोयला भवन कोयला नगर, भारत कोककं ग कोल कलकिटेड धनबाद- 826005 BHARAT COKING COAL LIMITED Regd. Off: Koyla Bhawan, Koyla Nagar (A Mini Ratna Company) Dhanbad – 826005 (A Subsidiary of Coal India Ltd.) CIN: U10101JH1972GOI000918 (www.bcclweb.in) दरभाषू : 0326-2230190/ फ़ेक㔸 -0326-2230050 ईमेल: [email protected] वोड㔡 सकिवालय/Board Secretariat Ref. No.BCCL:CS:F-AGM/2020/333 Dated: 03.08.2020 NOTICE Notice is hereby given to all the Shareholders, Directors and Auditors including Secretarial Auditor of Bharat Coking Coal Limited that the 49th Annual General Meeting of Bharat Coking Coal Limited will be held at its Registered Office, Koyla Bhawan, P.O. Koyla Nagar, Dhanbad onFriday the 7th August, 2020 at 10.00 AM through Video Conference (VC)/ Other Audio Visual Means (OAVM) to transact the following businesses: ORDINARY BUSINESS 1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2020 including the Audited Balance Sheet as at 31st March, 2020 and Statement of Profit & Loss for the year ended on that date together with the Reports of Board of Directors, Statutory Auditor and Comptroller & Auditor General of India thereon. 2. To appoint a Director in place of Shri Rakesh Kumar, DIN No. 08392007 who retires by rotation in terms of Section 152(6) of the Companies Act 2013 and being eligible, offers himself for re- appointment. 3. To appoint a Director in place of Shri Binay Dayal, DIN No. 07367625 who retires by rotation in terms of Section 152(6) of the Companies Act 2013 and being eligible, offers himself for re- appointment. SPECIAL BUSINESS: ITEM NO. 4. To consider and if thought fit, to pass with or without modifications, the following resolutions as Ordinary Resolution: Resolved that pursuant to the provisions of Section 148(3) of the Companies Act, 2013 read with rule 14 of the Companies (Audit and Auditors) Rules, 2014 (including any other statutory modification(s) or re-enactment thereof for the time being in force), the remuneration of Cost Auditors for the financial year 2019-20 (inclusive of out of pocket expenses) of ₹2087000.00 (Rupees twenty lakh eighty seven thousand only) GST extra, as applicable as approved by the Board of Directors of the Company vide resolution no. 355.6D of 355th Board meeting held on 27.09.2019 be and is hereby ratified. ANNEXURE TO NOTICE EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013 As required by Section 102 of the Companies Act, 2013, the following explanatory statement sets out all material facts relating to the business mentioned under Item No. 1, 2 & 3 of the accompanying notice dated 03.08.2020. Annual Report 6 2019-20 BHARAT COKING COAL A MINI RATNA LIMITED COMPANY ITEM NO. 4 RATIFICATION OF THE REMUNERATION OF COST AUDITOR APPOINTED BY THE BOARD U/S 148 OF COMPANIES ACT, 2013 The Board of Directors approved the appointment of Cost Auditors of the Company for the Financial Year 2019-20 in its 355th meeting held on 27.09.2019. The Board also approved the remuneration (inclusive of out of pocket expenses) of the Cost Auditors for the financial year 2019-20. Pursuant to Section 148 of the Companies Act, 2013 read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014, the remuneration of the Cost Auditors recommended by the Audit Committee and approved by the Board of Directors needs to be ratified subsequently by the Shareholders. The Board of Directors approved the remuneration of Cost Auditors for ratification by the shareholders of the Company. None of the Directors, Key Managerial Personnel and their relatives are concerned or interested in the said resolution except to the extent of shares held by them in the Company. By Order of the Board Sd/- (B.K. Parui) Company Secretary REGISTERED OFFICE: Koyla Bhawan, P.O.: Koyla Nagar, Dist.: Dhanbad Dated: 03.08.2020 1. In view of the current extraordinary circumstances due to the pandemic caused by Covid 19 prevailing in the Country, in accordance of the provisions of section 108 of the Companies Act, 2013 read with rule 18 of the Companies (Management and Administration) Rules, 2014 and with General Circular No. 14/2020, dated 8th April, 2020 General Circular No. 17/2020 13th April, 2020 and General Circular No. 20/2020 dated 5th May’ 2020 respectively issued by Ministry of Corporate Affairs, Govt. of India (including any statutory modification or re-enactment thereof for the time being in force) and other applicable laws and regulations, Shareholders, Directors and Auditors including Secretarial Auditor of Bharat Coking Coal Limited are entitled to attend and/or vote at the meeting may also attend and /or vote at the meeting through video conferencing (VC) or other audio visual means(OAVM) to covey their assent or dissent only at such stage on items considered in the meeting by sending e-mails to [email protected]. The facility of appointment of proxies by members will not be available. However, in pursuance of sections 112 and 113 of the Companies Act, 2013 representatives of the members may be appointed for participation and voting through VC or OAVM. For attending meeting through VC or OAVM, link shall be provided from the companies authorized mail id well in advance and the facility for joining the meeting shall be kept open at least 15 minutes before the time scheduled to start the meeting and shall not be closed 15 minutes after such scheduled time. 2. The shareholders are requested to give their consent for calling the Annual General Meeting at a shorter notice pursuant to the provisions of section 101(1) of the Companies Act, 2013. Copy to: i. All Directors of BCCL ii. M/s N.C. Banerjee & Co., Chartered Accountants, Statutory Auditor iii. M/s JK Dass & Associates, Company Secretaries, Secretarial Auditor iv. M/s Datta Ghosh Bhattacharya & Associates, Cost Auditor Annual Report 2019-20 7 A MINI RATNA BHARAT COKING COAL COMPANY LIMITED MANAGEMENT DURING THE YEAR 2019-20 CHAIRMAN-CUM-MANAGING DIRECTOR Shri P. M. Prasad : (From 02.08.2019; continuing) Shri Shekhar Saran : (From 18.04.2019 to 02.08.2019) Shri Gopal Singh : (From 18.10.2018 to 17.04.2019) FULL TIME DIRECTORS Shri R.S. Mahapatra : Personnel (From 22.12.2017 to 31.05.2020) Shri Rakesh Kumar : Technical (From 12.03.2019; continuing) Shri Samiran Dutta : Finance (From 18.07.2019; continuing) Shri K.R. Vasudevan : Finance (From 01.06.2019 to 18.07.2019) Shri K.S. Rajashekar : Finance (From 01.03.2015 to 31.05.2019) Shri Chanchal Goswami : Technical (From 04.11.2019; continuing) Shri Jai Prakash Gupta : Technical (From 14.08.2019 to 04.11.2019) Shri P.M. Prasad : Technical (From 09.05.2019 to 02.08.2019) Shri K.K.Mishra : Technical (From 14.03.2019 to 08.05.2019) PART TIME DIRECTORS Shri Binay Dayal : D (T), CIL, Kolkata (From 09.11.2017; continuing) Shri B.P.Pati : Joint Secretary, Ministry of Coal, Govt. Nominee (From 03.10.2018; continuing) INDEPENDENT DIRECTORS Dr.(MS) K.S. Khobragade : (From 06.09.2017; continuing) Shri Narendra Singh : (From 10.07.2019; continuing) Dr. A.K. Lomas : (From 17.11.2015 to 16.11.2019) Dr. Hari Singh Yadav : (From 17.11.2015 to 16.11.2019) Shri Bishnu Prasad Das : (From 02.02.2017 to 01.02.2020) Annual Report 8 2019-20 BHARAT COKING COAL A MINI RATNA LIMITED COMPANY BANKERS & AUDITORS BANKERS STATE BANK OF INDIA I.C.I.C.I BANK H.D.F.C. BANK ORIENTAL BANK OF COMMERCE ANDHRA BANK BANK OF INDIA CANARA BANK UNION BANK OF INDIA UCO BANK BANK OF MAHARASHTRA SYNDICATE BANK BANK OF BARODA AXIS BANK CORPORATION BANK ALLAHABAD BANK PUNJAB NATIONAL BANK UNITED BANK OF INDIA INDIAN BANK INDIAN OVERSEAS BANK AUDITORS Statutory Auditors M/s. N.C. Banerjee & Co. Chartered Accountants, Bokaro BRANCH AUDITORS M/s. Sushil Kumar Sharma & Co. Chartered Accountants, Ranchi M/s. Manmohan Singh & Co. Chartered Accountants, Patna M/s. RKGSLV & Co. Chartered Accountants, Dhanbad M/s.