To
THE
SHAREHOLDERS
Your Directors have pleasure in presenting their Report and
audited Accounts of the Company for the financial year ended
30th September, 2007.
FINANCIAL &
OPERATIONAL RESULTS
(Rs. in
Lacs)
FINANCIAL RESULTS
For the Financial For the financial
Year ended Year ended
30th
September, 2007
30th
September,2006
(a)
Operating Profit(Loss) Before Interest and
Depreciation (28.60 )
1872.40
(b)
Interest
623.12
637.10
(c)
Cash
Accruals
(651.72)
1235.30
(d)
Depreciation
429.60
402.50
(e)
Profit ( Loss) Before Tax
(1,081.32) 832.80
(f) Provision for Tax -
Current Tax (MAT)
(10.38) 69.88
-
Deferred
Tax
(222.69) 22.47
- Fringe Benefit
Tax 7.25
6.13
(f)
Net Profit ( Loss) After
Tax
(855.50) 734.32
(g)
Balance Brought Forward from last
year
534.43 370.05
--------
--------
(321.07) 1104.37
---------
---------
Appropriations:
(a)
Transfer to General
Reserve
---
500.00
(b)
Proposed Dividend on Equity Shares
---
61.34
(c)
Corporate Tax on Proposed
Dividend ---
8.60
(d)
Balance Carried to Balance
Sheet (321.07)
534.43
--------- --------
(321.07) 1104.37
-------- -------
DIVIDEND:
Keeping
in mind loss incurred by the company your Directors do not
recommend payment of dividend.
OPERATIONAL RESULTS
SUGAR UNIT
The
comparative figures in regard to duration of season, cane
crush and sugar recovery for the year/season 2006-07 and
2005-06 in respect of the Sugar Factory of your Company are
given below:-
Financial Year Financial Year
ended
ended
30th September, 2007 30th
September, 2006
___________________________
____________________________
1.
Duration of crushing (gross
days)
202
156
2.
Cane crushed (Lac Qtls.)
62.42
52.07
3.
Recovery
(%)
8.05
9.35
4. Production (Lac Qtls.)
– From Sugarcane 5.07
4.87
-
From Raw Sugar --
0.10
5. Total Production
5.07
4.97
During
the year under review the company exported the balance 7,670
Qtls. of sugar under advance license obligation after
lifting of ban on sugar by the government.
After
equilibrium production in 05-06 of 192 Lac MT which balanced
demand and supply, sugar production during the season 06-07
touched an all time high of 283 Lacs MT, equivalent to 18
months consumption which resulted into drastic fall in sugar
prices by about 30%. On the other hand sugarcane price which
accounts for more than 70% of the cost of production of
sugar were allowed to increase. These factors led to huge
losses to sugar Industry across the board and resulted into
massive sugarcane price arrears.
The
Government’s ban on export of sugar (from July, 06 to Jan,
07), specially when the international sugar prices were
bullish, added woe to industry leaving no outlet for surplus
sugar. During this period of 6 months the international
sugar prices fell from US$ 450 to US$ 330 per MT, thus
Indian Sugar Industry lost the opportunity to sell and make
profit.
The Sugar
Factories based in
Bihar faced
another problem of drastic fall in recovery by about 0.8%
during the season 06-07. But your factory had to suffer
sharpest decline in sugar recovery from 9.35% in earlier
season to 8.05% in the season 06-07 due to longer duration
of crushing season stretched through hot summer months in
May and June when factory had to operate at day temperature
of 43ºC.
The Bihar
sugar Industry had demanded cane price subsidy from state
government in view of lower recovery, fall in sale price and
higher cane price. The Government of Bihar after careful
consideration announced later announced cane price subsidy
for the sugar season 06-07 payable by the company to farmers
for their sugarcane supply and the company has recognized
the said subsidy in its books of account.
Expansion of Sugar Plant Capacity
The
expansion project of sugar factory from 3500 TCD to
4500/5000 TCD has been completed and will operate in ensuing
season 07-08 and expected to stabilize the production at
enhanced capacity of 5000 TCD in 08-09.
DISTILLERY UNIT
The
Distillery Unit of your company produced 91.64 lacs B.L. of
Industrial Alcohol during the financial year 06-07 as
against 62.55 Lac B.L. during previous year.
The New
Ethanol Plant of the factory commenced commercial operation
from 4th April, 2007 and have supplied during the year 4.20
Lacs B.L. to Oil companies at different locations in Bihar
and Jharkhand for admixing with Petrol.
The
company has achieved newly prescribed Zero Discharge norms
of CPCB by adopting following measures:
(a)
Installing R.O. Membranes Plant for filtration of
Digester treated effluent from Distillery thus reducing BOD/COD
level.
(b)
Increased the capacity of Bio-Composting which uses
distillery treated effluent which not only result into zero
discharge but also produce bio-fertiliser whose marketing is
on increasing trend.
The
fresh water generating from effluent treatment is recycled/
reused. With aforesaid measures company have achieved full
capacity utilization and thus have been able to increase
production substantially.
INDUSTRY STRUCTURE
Sugar Industry, is seasonal in nature and directly dependent
on monsoons for availability of adequate sugar cane for
production. India is the largest consumer and second largest
producer of sugar in the world, contributing over 15 percent
of the world’s sugar production through over 450 sugar
factories situated in different parts of the country. The
sugar Industry is second largest agro based industries in
India. This industry also provides valuable by-products like
bagasse, molasses and press mud. The availability of these
by-products had led to setting up of
Alcohol/Ethanol/co-generation of Power and Organic Manure
plants. Over 4 Crore farmers and their families besides
large mass of agricultural labour are involved in sugarcane
cultivation and its harvesting operations. The growth of
sugar industry has a powerful impact on the rural economy.
It enjoys annual turnover of Rs. 30,000 Crore and contribute
about Rs. 2300 Crore to the Government Exchequer every year
by way of Taxes and Duties. Sugar Industry accelerates rural
development through farm employment as well as business
opportunities in transport and communication.
The Indian sugar industry is
characterized by cycle of high and low sugar production,
typically resulting in surplus and deficit over a period of
5-7 years. This cyclicality is broadly of two types viz.
Natural cyclicality comprising climatic variation, water
availability and pest attacks. The other is induced
cyclicality which have sequence of- Higher sugar production-
Decline in sugar prices & Lower profitability- higher
sugarcane arrears- decline in area under cultivation & Lower
cane production- Lower sugar production- lower sugar
availability & increase in sugar prices- improved
profitability & low cane arrears- Higher cane production-
Higher sugar production and so on. Every time the
cyclicality reaches its low government have to step in to
provide Fiscal support in the form of Export subsidy, Buffer
Stock creation, Interest Free Loans etc.
The Industry feel for long
term development of the industry there is need to:
·
Minimize the
government intervention for managing cyclicality
•
Operate through
market interventions rather than regulatory interventions
•
Enable mills to pay
the SMP to farmers by supporting the sugar price
•
Minimize the need for
subsidies and support for the industry
•
Enable sale of excess
production in export markets for surplus production
•
Minimize the need for
imports in case of deficit production
The “strategic stock” could
be an alternate policy mechanism that can help achieve these
objectives and could pave the way for subsequent de-control
of the industry. This can be done through creation of SPV.
Sugar has been declared as an ‘essential commodity’ under
the Essential Commodities Act, 1955. Under Sugarcane
(Control) Order 1966, the Government of India fixes the
Statutory Minimum Price (SMP) for sugarcane every year based
on the recommendations of the Commission on Agricultural
Costs & Prices. However the states government intervention
to fix higher cane price arbitrarily causes distortion in
the industry. The Government of India has also been
following a dual pricing policy for sugar, whereas 10% is
“levy sugar” for distribution to consumers through Fair
Price shops under Public Distribution System. The rest of
the sugar, referred to as “free sale sugar”, though allowed
to be sold in the open market, is regulated through monthly
release mechanism, whereby the Government determines the
quantum of sugar that can be released and sold in the open
market every month. This is done by Government to maintain
balance in sugar aviability in the country through out the
year at reasonable level at fair market price to the
consumer as the sugar is made in season during 5-6 months
but consumed throughout the year.
The government procure levy sugar at fixed price for
distribution to BPL family. But during the period when open
market price is higher than levy price the sizable quantity
of levy sugar lifted by state government nominee is diverted
by unscrupulous traders in the open market and not actually
goes to intended poor family. As such Industry demand that
government should directly procure sugar from open market
like other crops and sell to the BPL consumers as it is
their responsibility and the industry should not be compel
to extend subsidy. When the market price fall below Levy
price during current downtrend the allotted levy were not
lifted by the government nominees and thus factories were
affected adversely.
Movement and distribution of Molasses and Alcohol
(co-products) are governed by the State Governments. Here
also due to lack of clear cut cohesive policy which varies
from state to state it take considerable time to even allot
the own sugar factory’s molasses to Distillery and allotment
of finished goods of Alcohol due to several bureaucratic
hurdles. The permission to produce Ethanol out of alcohol
also takes considerable time from state authority due to
perceptible fear of losing revenue and meeting state
requirement for potable. These impediments put the
Distillery of own state at disadvantageous position whose
benefit are exploited by distillery outside state. There
should be uniform policy all over India regarding molasses
allotment, Alcohal and Ethanol.
KPMG, a leading global consultancy firm came out with
research study report on sugar industry in June, 07,has
demolished some long standing myths like that of impact of
higher sugar prices on the lower income & BPL consumers- it
has clearly established the fact that about 70% of sugar
consumption is led by institutions & not by households. It
has thus proven that when the Government attempts to depress
sugar prices in the interest of lower income group of
consumers, what it effectively ends up doing is rewarding
the institutions and bulk consumers with lower sugar cost
and larger profits. The present very high weightage for
sugar in WPI has itself, thus, become incongruous, requiring
a steep downward changes. KPMG report has also illustrated
the irrationality of fixing increasingly higher mandatory
sugarcane prices without any linkage to the sugar price. The
report also advocate decontrol of industry to facilitates
natural and competitive growth and also suggest sugar mill
to develop co-generation and ethanol facilities for
de-risking the industry from sugar cycle. The Government in
August, 07 has appointed a Group of Expert headed by Dr.
Vijay Kelkar to examine various options available for the
growth and development of the sugar economy and to suggest a
blue print of action.
CANE & SUGAR POLICY
-
The
Statutory Minimum Cane Price (SMP) for the season 06-07
was fixed by the Central Government at Rs.80.25 per Qtl.
linked with basic recovery of 9.0% against Rs.79.50 per
qtl. for the previous season 05-06 thereby hike of Re.
0.75 per qtl. In the case of the sugar factory of your
Company, the SMP was fixed at Rs. 83.85 per Qtl. as
against Rs. 83.02 per Qtl. for the season 05-06. However
your company paid 3 tier cane price of Rs.120 (Early
variety), Rs.115 (Normal variety) and Rs.111 (Rejected
variety) for season 06-07 against uniform price of Rs.108
in previous season. For out-centre supply of cane the
company deducted Rs.8.50 per qtl.
-
The Government of India vide Notification dated 7th December 2007
has announced a “Scheme for extending financial assistance
to Sugar Undertakings” by the Banks. According to scheme
the Banks will grant interest free loans equivalent to the
notional Central Excise Duty payable on total production
of sugar during season 2006-07 and 2007-08 seasons. The
purpose of the loan is for payment of cane price for the
seasons 2006-07 and 2007-08. The loan will be for a
duration of 4 years including 2 years’ moratorium and
repayable in 24 equal installments. Full interest
subvention on the loan will be provided to all scheduled
commercial banks by the Central Government, subject to a
limit of 12% per annum. For the purpose Nodal Agency Banks
have been appointed with whom the claim of interest
subvention will be filed by the lending Bank(s). Security
against the said loan will be residual charges on the
fixed assets of the Sugar Undertaking and personal
guarantee of the Promotor. This loan will be over and
above the existing Cash Credit limit(s) provided by the
Bank(s).
-
The
Government has mandated doping of 5% ethanol from 1st
October, 2007, and increased the level to 10% from 1st
October, 2008.
INDUSTRY
OVERVIEW
The
sugar year 06-07 opened with a stock of 39 lac M/T against
40 lac M/T in 05-06. The production for the season 06-07 was
at 283 lac M/T as against 193 lac MT during previous season.
The domestic consumption of sugar for 06-07 is estimated at
190 lac M/T. The export of sugar was 17 Lac MT against 11
Lac MT in previous year. The closing stock is at 115 lac MT
which is equivalent to more than 7 months of Domestic
consumption.
OPPORTUNITIES AND THREATS
OPPORTUNITIES
Sugar
Inspite
of lower international sugar price export of sugar is
continued unabated and sizable quantity of export has been
taking place. India has also started exporting raw sugar
which has major international market. This will reduce the
domestic inventory and will help to firm the price.
Alcohol
The
mandatory provision of ethanol doping of 5% and its proposed
increase to 10% will definitely boost up the demand and
strengthen bottom-line of the sugar companies.
Bio-Compost Fertiliser
The
bio-compost and vermi-compost fertilizer being produced by
the company have got immense scope of demand in all major
agriculture cultivation as it not only preserve the soil
from excessive use of chemical fertilizer but also increase
its fertility. The company is using distillery effluent and
press mud from sugar and other agricultural waste to produce
bio-compost which is very cost efficient. Thus the company
apart from treatment of effluent and zero discharge adding
value and thus expect good cash flow in near future.
THREATS
Sugar
The
expected further record production of sugar in season 07-08
near to level of last season 06-07 are likely to add further
woe to the sugar industry as the inventory level
will become very high.
SEGMENT-WISE PERFORMANCE:
In
06-07, sugar segment contributed 77 percent of net sales of
the company whereas Distillery (with newly added Ethanol)
accounted for 23 percent. The company identified two
business segments in line with the Accounting Standard on
Segment Reporting, Segment-wise Revenue, Results and Capital
Employed is stated in Note No.15 of Schedule 14 of Audited
Accounts enclosed with the Annual Report.
FUTURE PROSPECTS/OUTLOOK
The record
production for next season 07-08 near to level of last
season 06-07 is reason for worry. However export is
continued to pick up fast on the back of gradually firming
international market and government support and thus
inventory can be manageable. Moreover such higher production
of sugar will have positive impact by way of utilization of
by-products for production of Alcohal, Ethanol and Power.
The Government’s move to allow the factories to convert
juice into ethanol would still take some time before it
could bail out the industry in reaping additional revenues.
Fall in Indian output expected for 2008-09 which will firm
up the realisation.
Global Scenario:
Fundamentally, the market remained oversupplied and weak. The
bearish fundamentals are, however, masked by a continuing
weakness of USD, on the one
hand, and booming commodity markets in general, on the other
hand.
World sugar production in 07-08 is expected at 169 Millions
MT i.e 2.4 Million MT higher than 06-07. World sugar
consumption in 07-08 is expected to rise by 3.8 Million MT
to 156 Million MT. The season 06-07 is expected to close
with a stock of 85 Million MT which is 10.5 Million MT
higher than last year. This stock amount to 55% of estimated
consumption, which is quite high.
For season 07-08 Brazil’s
sugar output is anticipated to decrease. The ISO expect that
India will overtake Brazil as the
world’s largest sugar producer. Brazil, the world's largest
grower of sugar cane, is using less of the crop to make
sweeteners as it accelerates production of ethanol to keep
pace with surging demand for alternative-fuel cars.
Australia,
one of the world's largest raw sugar exporters is expected
lower production this year due to drop in harvesting due to
seasonal factor.
Indonesia
may not need to import white sugar next year due to
high sugar stocks and an expected increase in domestic
output.
New record high outputs are foreseen in China,
Indonesia, Pakistan, the Philippines, and Vietnam.
Thailand’s production is expected to be near last record.
The reform
of the EU sugar regime and the consequent drastic reduction
of volumes of European white sugar delivered to the channels
of international trade, and even possible cessation of EU
exports is not so distant future, represent an important
structural change in the world sugar economy.
Substantial
weakening of the US Dollar pushing down the world price of
sugar in real terms.
In 2008-09, India is likely
to enter the downward phase in its production cycle. This
alone would remove some part of the bearish pressure from
the market although it will take time to ward-off surplus
stocks.
First
tentative indications show that next season’s 08-09 gap
between world production and consumption may disappear and
even a small (less than 1 mln tonne) global deficit comes
into view.
Company’s Plan:
SUGAR
The
expansion of sugar factory will ensure higher production by
the company with increase in recovery. This will also
increase the production of molasses which will help to
produce higher alcohol and Ethanol and reduce the
dependence on molasses from outside factory.
For the
season 07-08 the cane price has been reduced by about Rs. 22
per Qtls. that will have significant impact on reduction of
cost of production of sugar. The Government’s decision to
extent interest free loan equivalent to excise duty will not
only help the liquidity, but will also save interest cost.
The softening of Fed interest rate will further help the
company to reduce interest incidence on FCNR
borrowings.
DISTILLERY & ETHANOL:
The newly commenced ethanol plant has evoked good demand from
oil companies at fixed price of Rs. 21.50 per Ltr. plus
excise and transportation charges. This is not only
increasing the overall production of Distillery but also
better realization adding bottom-line of the company.
RISK AND
CONCERN
SUGAR
(a)
Any delay
in evolving a rational Sugarcane Pricing Policy could be
detrimental to growth of the industry.
(b)
The output
of sugar, an agro-based product, is influenced by climatic
vagaries.
DISTILLERY
Lack of consistent policy in the implementation of the
Ethanol Blending Programme and the State Government’s time
consuming regulation of the movement and distribution of
molasses and alcohol, are major concerns in respect of
Distillery operations.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
Your
Company has adequate systems and internal control procedures
to safeguard the assets of the company and to ensure
maintenance of proper accounting records. Computersied
Information System is available to capture, present and
analyse the data for management information and
decision-making. The company has installed ERP system for
entire factory operation including sugarcane, raw material,
Store, manpower, sales, accounting Management. The
management and control of factory operation is also under
computerization and automation. There is also an Internal
Audit System in place which reviews the key business and
controls and also test checks on routine transactions and
reports deviations. Besides, an Audit Committee
periodically reviews the functioning of the entire system.
FIXED
DEPOSITS:
The company has not
accepted/renewed any Fixed Deposits during the year. There
is no overdue Fixed Deposit or Interest thereon at the end
of the year.
AUDITORS’ REPORT:
The
Notes on the Statement of Accounts referred to in the Report
of the Auditors have been suitably explained by way of
‘Notes on Accounts’.
COST
AUDIT:
Cost
Audit of Accounts of the Company for the year ended 30th
September, 2007 is being conducted by M/s. Mani & Co., Cost
Accountants, Kolkata, and necessary Report will be submitted
to the Department of Company Affairs, Government of India,
well in time.
DIRECTORS:
Mr J.J.
Bhagat, Director retires by rotation at the ensuing Annual
General Meeting and being eligible offer himself for
re-appointment.
Mr.
Rahul Pasari , Director who retires by rotation at the
ensuing Annual General Meeting and being eligible offer
himself for re-appointment.
DIRECTORS’ REPONSIBILITY STATEMENT:
Pursuant to the provisions
of Section 217(2AA) of the Companies Act, 1956, as amended,
with respect to the Directors’ Responsibility Statement, it
is hereby confirmed:
(i) That
in preparation of accounts for the year ended 30th
September, 2007, the applicable accounting standards have
been followed along with proper explanation relating to the
material departures;
(ii) That
the Directors of the Company have selected such accounting
policies and applied them consistently and made judgements
and estimates that are reasonable and prudent so as to give
a true and fair view of the state of affairs of the Company
as at 30th September, 2007 and of the loss of
the Company for the year ended 30th September,
2007.
(iii) That
the Directors of the Company have taken proper and
sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of the Companies
Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.
(iv) That
the Directors of the Company have prepared the accounts of
the Company for the year ended 30th September,
2007 on ‘going concern’ basis.
CORPORATE GOVERNANCE:
The Corporate Governance
form an integral part of this Report and are set out as
separate annexures to this Report. The certificate from the
Auditors of the company certifying compliance of condition
of Corporate Governance stipulated in Clause 49 of the
Listing Agreement with the Stock Exchanges is also annexed
to Report on Corporate governance.
PERSONNEL:
There was no employee of
the Company getting remuneration so as to attract the
provisions of Section 217(2A) of the Companies Act, 1956
read with the Companies (Particulars of Employees) Rules,
1975 as amended as on date.
LISTING OF SHARES:
The Shares of the Company
are listed on the Stock Exchanges of Calcutta and Mumbai.
The Company has been regularly paying the Listing Fees to
each Stock Exchanges.
CONSERVATION OF ENERGY:
Particulars in respect of
conservation of energy, technology absorption and Foreign
Exchange earning and outgo as required under Section
217(1)(e) of the Companies Act, 1956 are given in a separate
annexure hereto and forming part of this report.
AUDITORS:
M/s. K.N. Gutgutia & Co.,
Chartered Accountants, Kolkata, Auditors of the Company,
retire and being eligible offer themselves for
re-appointment.
APPRECIATION:
Your Directors express
their appreciation for the support and contribution by Cane
Growers, Financial Institutions, Bankers, Central and State
Government, Suppliers, Customers and the valuable services
rendered by the Employees at all levels.
For and on behalf of the Board,
Kolkata,
Dated: 31st
December, 2007
O.P. Dhanuka
Chairman & Managing Director
Information pursuant to the Companies (Disclosure of
particulars in the report of Board of Directors) Rules, 1988
and forming part of the Directors’ Report for the year ended
30th September, 2007:
A.CONSERVATION OF ENERGY:
Energy Conservation measures taken:
a)
Your Company continues to give priority to
conservation of energy on an ongoing basis.
b)
Total energy consumption and energy consumption per
unit of production – Given separately in Form ‘A’ annexed
hereto.
B.
TECHNOLOGY ABSORPTION:
Research
& Development ( R & D):
a)
Specific areas in which R & D is being carried out by
the Company:
Agriculture Development:
1)
Soil Analysis and Nutrition
2)
Soil Testing Lab is being planned
3)
Tissue Culture
4)
Ferti-Irrigation
5)
Biological Control of Cane Crop
6)
Heat Treatment Therapy to treat Sugarcane Seeds
7)
Pest Control Measures to protect Sugar Cane from
diseases.
8)
Multiplication of foundation Cane Seeds by rearing in
Nurseries
9)
Ratoon Management for Sugar Cane crops.
10)
Plantation of Jhatropa- a Bio- Diesel Plant
Manufacturing Process:
1)
Increase in operational efficiency of the Plant
2)
Reduction of Sugar losses in process
3)
The Company has implemented the Technological
Upgradation-cum-Capacity Optimisation Scheme as per advice
from the Sugar Technology Mission of the Government of
India. The Scheme on implementation has resulted in saving
in Power and Steam, improvement in recovery and Sugar
quality, apart from increasing the per day crushing rate.
Utilisation of by-products:
1)
Manufacture of Bio-Compost & Vermi- Compost by using
Pressmud and Distillery Effluents.
2)
One time land application of treated Distillery
Effluent Water for increasing the fertility of Agricultural
Land under.
b)
Benefits derived as a result of above R & D:
1)
By the measures under caption “Agricultural
Development”:
Availability of high yielding disease-free cane and higher
financial return to the Cane Growers.
2)
By the measures under caption “Manufacturing
Process”:
Improvement in production efficiency and reduction in sugar
losses and achievement of zero discharge level and air water
pollution level much below the maximum norms set by
government.
3)
By the measures under caption “utilisation of
by-products”:
Advent
of Bio-Fertilizer and cheaper duly treated Effluent Water,
rich in nutrients, which are beneficial to the farmers,
factory and environment and achievement of zero water
discharge and pollution level much below the maximum norms
set by government.
c)
Future Plans of Actions:
1)
Continuous research of better yielding disease-free
variety of cane.
2)
Contemplating scheme to reduce sugar loss in the
process and simultaneously increasing operational
efficiencies.
d)
Expenditure on R & D:
1) Capital : Rs.2.50 lac
2) Recurring : Rs. 9.50 Lacs
approx. per annum
3) Total : Rs. 12.00 Lacs
approx.
4) Total R & D Expenditure: 0.14% of total
turnover.
as percentage of total
turnover
e)
Technology absorption, Adaptation and Innovation:
i)
Efforts, in brief, made towards technology
absorption, adaptation and innovation:
The
Research & Development Department and Technical Personnel
keep themselves abreast of the technical developments and
innovations relating to the Company’s product and/or
products and bring about improvement in operation for better
quality and cost effectiveness
ii)
Benefits derived as a result of the above efforts:
The
Modernisation and expansion of Plant and smooth working
ensured.
iii)
Imported Technology
None
during the year
C.
FOREIGN EXCHANGE EARNING AND OUTGO:
2006-07 2005-06
Current year Previous year
1)
Activities relating to exports initiative Export
done by road Export done by road taken to
increase export to
to
Bangladesh
Bangladesh
2)
Development of new Export Market
Nil Nil
For
products and services of export plan
3)
Total Foreign Exchange
Earnings Nil
Nil
4) Used (Rs. in Lacs)
90.38 117.29
FORM’A’
SUGAR
2006-07 2005-06
Current year Previous year
A.
Power & Fuel consumption
(In the
process of manufacture):
-
Electricity:
a)
Purchased:
Units
NIL NIL
Total amount (Rs.)
NIL NIL
Rate/Unit
N.A. N.A.
b)
Own Generation:
i)
Through Diesel Generator:
Units
4,53,045 5,23,354
Units/Litres of Diesel
Oil 3.24
3.25
Diesel Oil Cost/Unit Rs.
10.30 11.56
ii) Through Steam Turbine:
Units
1,63,93,346 1,28,29,703
Units/Qtl. of Bagasse
20.20 20.20
iii)
Cost/Unit : Bagasse being
byproduct, not ascertainable.
-
Coal,
Furnace Oil & Ors: : Not directly
consumed in production.
B.
Consumption per Unit of Production:
Production (in Lac Qtls.)
5.07 4.95
Electricity (per Qtl. of Sugar)(Units)
33.19 26.06
FERTILISER
Power
& Fuel Consumption:
2005-06 2004-05
Current year Previous year
1.
Electricity
A. Purchase
(Units)
-- 26,563
Total Value (Rs.)
-- 1,14,486
Rate per Unit (Rs.)
--
4.31
B. Own Generation:
Through Diesel
Generation (Units)
13,497 2,515
Unit per Litre of
Diesel Oil
7.65
4.79
Diesel Oil
Cost/Unit
4.36 7.84
2.
Coal, Furnace Oil & Others
(1) Production of
Fertiliser (Qtls.)
16,794 17,709
(2) Electricity Power
Consumed Unit/Qtls.
0.80
1.64
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