An Report ECIL 2014-15 2nov H-E

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Secure Programmable Logic Controller delivered toSatish Dhawan Space Centre, Sriharikota

Antenna Platform Unit forLight Combat Aircraft Programme

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Vision“To contribute to the nation in achieving self reliance in

Strategic Electronics”

Mission“To strengthen its status as a valued technology provider

to the nation particularly in the areas of Strategic

Electronics meeting the requirements of Atomic Energy,

Defence, Space, Civil Aviation, Security and such other

sectors of strategic, economic and social importance”

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CONTENTS

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1. {ZXoeH$ _§S>b 5Board of Directors

2. à_wI H$m ©nmbH$JU 6Key Executives

3. AÜ`jr` dŠVì` 12Chairman’s Statement

4. {ZXoeH$m| H$s [anmoQ>© 18Directors’ Report

5. {ZJ_r` A{êmgZ 70Corporate Governance

6. df© 2014-15 Ho$ {bE boIm 84Accounts for 2014-15

7. boImnarjH$m| H$s [anmoQ>© 154Auditors’ Report

8. {Z §ÌH$ Ed§ _hmboImnarjH$ H$s {Q>ßn{U`m± 182Comments of the C & AG

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Late Dr. APJ Abdul Kalam was a great visionary and an inspiration to every

Indian. He was a personification of high technological acumen,

ethical value system and staunch nationalism.

We at ECIL are greatly indebted to

Dr Kalam for his outstanding contributions

in laying strong foundation for the development of

indigenous technologies in Strategic electronics as the member

of our Board of Directors between 1986 and 1992.

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Remembering Dr. APJ Abdul Kalam

Shri Kishor Rungta, Director (Finance) Shri VSB Babu, Director (Personnel)

Smt. Nisha Singh, IASJt. Secretary

Branch Secretariat, DAE, New DelhiFrom 28.11.2014

Lt Gen. Nitin Kumar KohliAVSM, VSM

Signal Officer-in-ChiefDirectorate General of Signals

Shri K Jagannath, OSExecutive Director (E&I)

NPCIL

Shri S S SundaramDistinguished Scientist,

Former Director General (ECS),DRDO

Shri D Chakrapani, IAS (Retd.)Director-CIPS

Administrative Staff College of IndiaUpto (10.05.2015)

Shri Jai Bhagwan SharmaCompany Secretary

Shri P Sudhakar, Chairman & Managing Director

Shri R A Rajeev, IASJt. Secretary (Finance),

Department of Atomic EnergyFrom 20.11.2014

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48th Annual Report 2014-15 7

Key Executives (As on date of AGM)

Corporate Office

SHRI P SUDHAKARChairman & Managing Director

SHRI KISHOR RUNGTADirector (Finance)

SHRI V S B BABUDirector (Personnel)

SHRI M SURYA PRAKASH, IFSChief Vigilance Officer

SHRI D KAMESWARA RAOHead (Systems & Quality Assurance Group)

SHRI Y V SUBBA RAOHead (Corporate Business Development Group)

SHRI M R K NAIDUHead (Corporate R & D)

SHRI P SURYAKANTHHead (Corporate Planning & PerformanceMonitoring)

SHRI JAI BHAGWAN SHARMACompany Secretary

Aerospace Systems Group

SHRI Ch V R S GOPALAKRISHNAExecutive Director (Aerospace Systems Group,Information Technology & Telecom Group &EMI/EMC Test Facility)

SHRI M P RAMESH KUMARHead (Antenna Products & Satcom Division)

Defence Systems Group

BRIGADIER A UMAR FAROOK, VSM (Retd.)General Manager (Defence Systems Group)

SHRI G V REDDYHead (Special Products Division)

Communication Systems Group

SHRI T V S KISHORE KUMARGeneral Manager (Communication Systems Group)

Control Systems Group

SHRI N SYAMASUNDARHead (Control & Automation Division)

SHRI T BALASWAMYHead (Radiation Detectors &Instrumentation Division)

SHRI P V S VARA PRASADHead (Control & Instrumentation Division)

Instruments & Systems Group

SHRI B MAHAVEERAGeneral Manager (Instruments Group & ControlSystems Group)

SHRI R MAHENDRANHead (Electronic Manufacturing & ServicesDivision)

Information Technology &Telecom Group

SHRI K S SHESHADRIHead (Business Systems Division & InformationTechnology Services Division)

SHRI G K SATYANARAYANAHead (Telecommunication Division)

Finance & Accounts Group

SHRI Y NAGESWARA RAOHead ( Finance & Accounts Group)

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Others

SHRI M C VENKATASUBBAIAHHead (Components Division)

SHRI A V RAJUHead (Customer Support Division)

SHRI L VASUDEVA MURTHYHead (Computer Education Division)

SHRI DILIP SAHAHead, (National Population Register Project)

Zonal Offices

SHRI SANKAR DEYGeneral Manager (North), New Delhi

SHRI D R VENKATASUBBUZonal Manager (South), Bangalore

SHRI A K TIWARIZonal Manager (West), Mumbai

SHRI D DEBNATHDy. Zonal Manager (East), Kolkata

AUDITORS

M/s Umamaheswara Rao & Co.,Chartered Accountants

BANKERS

STATE BANK OF INDIA

STATE BANK OF HYDERABAD

BANK OF MAHARASHTRA

ANDHRA BANK

BANK OF BAHRAIN & KUWAIT BSC

ICICI BANK

PUNJAB NATIONAL BANK

10 48dt dm{f©H$ [anmoQ>© 2014-15

ã`m¡am / Particulars 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

gH$b Q>Z©Amoda / Gross Turnover 678 967 965 1008 1104 1298 1474 1729 1456 1320

{Zdb Q>Z©Amoda / Net Turnover 652 918 942 975 1058 1266 1417 1678 1390 1265

A§{V_ AmXoe nwñVH$ 443 652 1045 1041 1490 1148 2425 1756 1932 1719Closing Order Book

InV gm_J«r 389 474 432 604 713 728 911 1081 754 706Material Consumed

H$_©Mmar nm[al{_H$ 175 193 242 318 296 382 357 365 344 340Employee Remuneration

_yë`ömg / Depreciation 8 12 13 10 8 9 10 18 19 26

H$a-nyd© bm^ / Profit Before Tax 52 193 201 19 54 22 55 31 68 66

H$a hoVw n«mdYmZ / Provision for Tax 10 65 67 6 12 (1) 18 5 21 16

H$a-níMmV bm^ / Profit after Tax 42 128 134 13 42 23 37 26 47 50

n«{V eo a Am` (én o _|) 284 821 821 83 257 140 224 158 290 307Earnings per Share (in Rupees)

B©pŠdQ>r ny±Or / Equity Capital 155 155 163 163 163 163 163 163 163 163

Ama{jV Ed§ A{Yeof 208 301 397 405 430 443 469 486 522 550Reserves & Surplus

gH$b ãbm°H$ / Gross Block 198 199 204 232 237 242 259 284 318 311

_mbgyMr / Inventory 77 69 69 127 195 157 198 162 165 171

XoZXma / Debtors 389 463 498 641 846 809 1011 1159 1177 1207

Mmby ny±Or / Working Capital 280 372 633 685 660 - - - - -

Mmby ny±Or / Working Capital - - - - - 430 343 233 412 379(g§emo{YV AZwgyMr VI Ho$ AZwgma)(as per Revised Schedule VI)

ZoQ> dW© / Net Worth 363 456 560 568 593 606 629 647 682 714

nrAmadr / PRV 653 912 936 994 1114 1226 1442 1678 1374 1270

d{Y©V _yë` / Value Addtion 264 438 504 390 401 498 531 597 620 564

(én o H$amo‹S>mo§ _|) (` in crores)

Financial Performance at a glance-ECIL{dÎmr` {ZînmXZ n[aX¥í` - B©grAmB©Eb


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A§{V_ AmXoe nwñVH$ / Closing Order Book

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Dear Shareholders,

I take pleasure in presenting the forty eighthannual report and the audited statement ofaccounts of the company for the year ended 31stMarch 2015. Like the preceding year, 2014-15has also been challenging and characterised byexpenditure controls and consequent deferringof procurement decisions. Your company’sturnover slid from ` 1456 crores in 2013-14 to` 1320 crores. However, due to the sustainedefforts at improving productivity and cost control,the company has been able to maintain the profitat the last year’s level despite a decrease inturnover.

Performance during 2014-15

The company recorded a turnover of ` 1320crores with IT & e-Governance contribution 34%to the turnover with a large part coming fromElectronic Voting Machines for State ElectionCommission. The defence sector contributed25% to the turnover with radios, and C4I systemsbeing the mainstay. The nuclear sectorcontributed 20% mainly from the supplies of

Chairman’s Statement

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Nuclear Instrumentation for 700MW power plantsand Radiation Detection Equipment. Securitysystems and Aerospace contributed 9% and 2%respectively to the turnover with the balance 10%coming from other areas.

Electronics industry is characterised by shortproduct life cycles and a high rate of innovation.Investment in R&D is crucial for the long termsustainability of an organisation in this industry.Your company makes significant investments inR&D every year to come out with new products,add new features and also improve productionprocesses to reduce costs so as to be in tunewith the changing market dynamics. The newproducts introduced includes a new Area GammaMonitor, custom-built LVDTs, security gadgetslike Road Blockers, Tyre Killers and crash-ratedShifting Gates in addition to X-band PolarimetricDoppler Weather Radar System.

Outlook for 2015-16

Your company has a target of ` 1620 crores netturnover with a gross operating margin of ` 220crores for the year 2015-16 in the MoU enteredwith the Department of Atomic Energy. Thecompany’s efforts on order booking in the lastfew months have borne fruit with ` 568 croreworth orders flowing in during the five months ofthis financial year. There are quite a few newopportunities on the horizon which, if convertedinto orders, will not only help the company tomeet its target this year but would leave asignificant order book for the coming years. Themajor opportunities being pursued includeUniversal Electronic Fuzes, C4I systems formissiles, Radios, Electronic Warfare Systems,Integrated Security Systems, Electronic VotingMachines and Voter Verifiable Paper Audit Trailprinters which have the potential of adding morethan ` 1000 crores to the order book.

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Challenges

As stated in the last AGM, the most significantchallenge being faced by the company is therapid depletion in manpower at all levels due tonormal attrition and the mismatch between theskill sets of the existing manpower vis-à-vis theskill sets required. The age of the employees isa crucial factor to be considered in redeploymentand retraining of the available manpower. Thecompany is, therefore, making significantinvestment in training to improve the technical,as well as the managerial skills, to address thisissue. Lateral recruitments are also beingundertaken, to fill the gaps. The company is alsorestructuring operations to get the best out ofthe available resources.

Yet another significant challenge before thecompany relates to upgrading the infrastructureof the company so that it is commensurate withthe needs of the future. To this end, the companyhas entered into an agreement with BARC lastyear to facilitate the establishment of newfacilities which would enable the company toproduce products based on the technologiesbeing developed at BARC and other nationallaboratories. The agreement is for the XII andXIII Five Year Plan period and significantprogress has been made in its implementationin the last one year.

Corporate Governance

Your company takes pride in constantly adoptingand maintaining the highest standards of valuesand principles. It believes that all operations mustbe spearheaded toward enhancing stakeholdervalue. The policies and procedures of thecompany are constantly reviewed and updatedto ensure transparency in all aspects of thecompany’s working. Sustainability in ECIL is thecontinuing commitment to behave ethically andcontribute towards economic development whileimproving the quality of life of all stakeholders.

In conclusion, I would like to inform you that theimmediate outlook for the company hassignif icantly improved in the recent past,especially in terms of the opportunities on thenew business front. The steps taken by themanagement to address the various challenges,especially on the infrastructure and humanresources fronts have started yielding results.While we still have a long way to go we can,however, look towards the future with much moreconfidence today.

Thank You

P SudhakarChairman & Managing Director

16 48dt dm{f©H$ [anmoQ>© 2014-15

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CDAC to Shri P. Sudhakar, C&MD, ECIL

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Directors’ Report

ToThe Shareholders ofElectronics Corporation of India Limited

Gentlemen

Your Directors have immense pleasure in presenting the Forty Eighth Annual Report of your Companyfor the year ended 31st March, 2015.

Performance Highlights:(` in crores)

Financial Year

2014-15 2013-14

a) Turnover (Gross) 1320 1456b) Production at realisable value 1270 1374c) Profit before depreciation, interest, tax and prior period items 142 170d) Prior period expenses 14 37e) Profit before depreciation, finance costs and tax 128 133f) Finance costs 36 46g) Depreciation 26 19h) Profit before tax 66 68i) Provision for tax 15 21j) Profit after tax 50 47k) Net worth 714 682l) Capital employed 510 563m) Value added 564 620

Financial Highlights :During the year, the Company recorded a grossturnover of ` 1320 cr compared to ` 1456 cr.achieved in the previous year. The decline in theGross turnover has been mainly due to nonavailability of executable order. Company hasachieved the Profit before tax of ` 66 cr.compared to ` 68 cr. achieved in the previousyear. However, there is increase of 6% in profitafter tax (PAT of 50.18 crores) over the previousyear (previous year ` 47.39 crores). Theimproved profitability has been achieved throughefficiency in manufacturing operations alongwithsubstantial savings in financial costs.

Share Capital & Unsecured Loans:The authorised share capital of the Company hasremained unchanged at ` 200 crore. The calledup and paid up Share capital as on 31.03.2015stood at ` 163.37 Crores. No loans were takenfrom the Government during the year.

Dividend:Your Directors are pleased to recommend adividend @ ` 61.43 per share of ` 1000/-amounting to ` 10.04 crores for the year 2014-15.

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Significant Achievements:

Major Orders ExecutedDuring the year 2014-15, the nuclear segmentposted a turnover of ` 258 crore which is 20% ofthe company’s net turnover. The majorcontributions have come from NuclearInstrumentation, Radiation Detection Equipment,Switched Mode Power Supplies, Cameraelectronics for Major Atmospheric CherenkovExperiment (MACE) telescope and Control &Instrumentation equipment for Prototype FastBreeder Reactor.

The defence business of the company spansintegrated communication system, militaryradios, electronic warfare systems, C4I systemsfor missiles and universal electronic fuzes forart i l lery. In the year 2014-15, this sectorcontributed ` 320 crores forming 25% of thecompany’s turnover with major contributions fromM7 radios and maintenance of electronic warfareand missile systems.

The major products of the company catering tothe aerospace segments include ship-borneterminals, airborne satellite communication units,Cockpit Voice Recorders internal sensors likegyros, synchros and actuators. This businesssegment did business worth ` 101 crores duringthe year forming 8% of the net turnover of thecompany.

The homeland security business added ` 118crores to the company’s turnover in 2014-15. Themajor contributors have been the integratedvideo surveillance systems, mobile gamma raycontainer scanning system, access controlsystems, attendance recording systems andjamming equipments.

The e-Governance segment generated ` 433crores which forms 34% of the company’sturnover in 2014-15 with the multi post multi voteElectronic Voting Machines (EVM) contributinga major share. Your company has made a lot ofprogress in implementing the National PopulationRegister and Socio-Economic Caste Censusprojects. The outlook for the segment continues

to be bright due to the projected largerequirement of EVMs and VVPAT (VoterVerifiable Print Audit Trail).

New Products Introduced:The new products introduced during the yearcover the major sectors in which the companyoperates. Some of the new products introducedduring the year include Area Gamma Monitor withTFT screen, X-band Polarimetric DopplerWeather Radar System for India MeteorologicalDepartment, a manufacturing system to weld twometals with different melting points usingelectromagnetic techniques, long stroke lengthLinear Variable Differential Transformer (LVDT),security gadgets like Road Blockers, Tyre Killersand crash-rated Shifting Gates. Details of newproducts introduced during the year are part ofthe annexure attached to this report.

MoUYour Company has been signing a Memorandumof Understanding (MoU) every year with theDepartment of Atomic Energy, Government ofIndia. The performance of your company for theyear 2013-14 has been rated ‘VERY GOOD’. TheMoU self-evaluation report for 2014-15 has beensubmitted to the Department of PublicEnterprises and the rating is under finalizationby the Government.

Order Book PositionYour company had an opening order bookposition of ` 1719 crores as on 1st April, 2015out of which ` 1012 crores are executable duringthe year 2015-16. The Company has booked thetotal orders of ` 1290.79 cr. during the year.

Research and DevelopmentResearch and Development is crucial to thesurvival of an electronics organisation due to itsfast changing nature, continuous technologychanges and competition. ECIL has alwaysaccorded a high priority for R&D with focus oninnovation and continual improvement inproducts and processes. While each strategicbusiness unit carries out development activitiesin its areas of interest, the Corporate R&D unit

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g§gyMH$ gw{dYm nar{jV {H$`m h¡&

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Jmo H$m {ddaU O¡gm {H$ H§$nZr (boIm) {Z`_mdbr, 2014 Ho$ gmW

n[RV H§$nZr A{Y{Z`_, 2013 H$s Ymam 134(3) (E_) _| Ano{jV

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coordinates with all the SBUs for undertakingdevelopment activities which involve more thanone SBU.

Your company also collaborates closely withseveral national laboratories and premierengineering institutions and converts thetechnologies developed by them into commercialproducts. Your company also enlists their supportin developing new products as well asenhancements to the existing products to meetthe changing customer requirements. The newproducts and enhancements introduced duringthe year are provided in the Annexure to thisreport.

QualityAll the strategic business units of your companyare certified for ISO 9001 Quality ManagementSystem. Your company is also certified forIntegrated Safety, Health and Environment (SHE)management system. The calibration andmeasurement laboratory of your company hasreceived accreditation from NABL. The softwareactivities of your company are certified to CMMiLevel 3.

ERP Implementation with the SAP business suiteis in progress across the three business unitscomprising the nuclear vertical and one unit inthe defence vertical apart from the Finance andHuman Resource areas.

New Facilities:The company has established manufacturingfacility for production of Smart Card Readers(PRAMANIKA). It has established disposal/destruction of vintage EVMs. The company hascommissioned a new detector facility based onBF3.

Conservation of Energy, TechnologyAbsorption and Foreign ExchangeEarnings and Outgo:The company’s init iat ives in sustainabledevelopment led to a reduction of consumptionof water and power.

Particulars of conservation of energy, technologyabsorption and foreign exchange earnings andoutgo as required pursuant to Section 134(3)(m)of the Companies Act, 2013 read with Rule 8 ofthe Companies (Accounts) Rules, 2014 are givenin Annexure - ‘A’ to this report.

Particulars of Employees:Pursuant to Section 197(12) of the CompaniesAct, 2013, read with Rule 5 (1) of the Companies(Appointment and Remuneration of ManagerialPersonnel) Rules, as amended, none of theemployees of the Company were in receipt ofremuneration in excess of limits prescribed underthe said rules.

Extract of Annual Return:Extract of the Annual Return in Form MGT-9 isannexed herewith as Annexure ‘B’ to this Report.

Management Discussion and AnalysisThe Management Discussion and AnalysisReport required under the guidelines issued bythe Department of Public Enterprises,Government of India on Corporate Governancefor Central Public Sector Enterprises (CPSEs)is annexed as Annexure ‘H’ to this report.

Human ResourcesYour company considers its human resource asits most vital asset and has been makingsignificant investments in its training and skilldevelopment of the organization. Theperformance has been improving year after yeardue to investment in enhancement of knowledgethrough training and skill development. Yourcompany believes that, in the current dynamicscenario, the assessment of human resourcerequirement and the skill sets to meet theemerging business requirements should be anon-going process. Accordingly, the managementcontinuously monitors the situation and puts inplace appropriate recruitment and trainingpolicies to address the depletion on account ofsuperannuation as well as the need for new skillsets.

24 48dt dm{f©H$ [anmoQ>© 2014-15

df© Ho$ Xm¡amZ n«{V{Z wpŠV Ho$ AmYma na Mma A{¾e_Z Xb Am¡a

EH$ Cƒ {Z wpŠV Ho$ Vm¡a na _w»` gVH©$Vm A{YH$mar g{hV Hw$b

Xg ì`pŠV`m| H$s {Z wpŠV H$s JB©&

df© Ho$ Xm¡amZ H§$nZr Ho$ Hw$b 354 (VrZ A{¾e_Z Xb g{hV)

H$_©Mmar AbJ AdH$me n«má hmo JE&

AmnH$s H§$nZr _| {XZm§H$ 31-03-2015 VH$ Xmo {ZXoeH$ EH$

AÜ`j Ed§ n«~§Y {ZXoeH$ Am¡a 7 A{¾e_Z Xb g{hV 2863

H$_©Mmar h¡& AmajU Ho$ g§~§Y _| AmnH$s H§$nZr gaH$mar {Xem-

{ZX}em| H$m AZwnmbZ H$a ahr h¡& 31 _mM©, 2015 VH$ AZwgy{MV

Om{V/AZwgy{MV OZOm{V H$_©Mm[a`m| H$m dJ©-dma {ddaU {ZåZ

n«H$ma h¡…

df© 2014-15 Ho$ Xm¡amZ ì`mnm[aH$ {ejm Am¡a {dH$mg Ho$ÝÐ Zo

VH$ZrH$s, H$m`m©Ë_H$, n«~§YH$s` Am¡a ZoV¥Ëd `mo½`Vm Ho$ {dH$mg _|

AnZm n« wËd Omar aIm& Bg CX²Xoí` go, AmgÞ g§H$m`m| Ûmam

{d{dY dV©_mZ é{M Ho$ VH$ZrH$s, n« moOZr` Am¡a n«~§YZ {df`m|

na 14-A§VaJ¥h n«{ejH$ H$m ©H«$_m|/g§Jmo{ð>`m| (08 VH$ZrH$s Ed§

06 J¡a VH$ZrH$s) H$m Am`moOZ {H$`m& nyU©V: 1287 _mZd-{Xdg

B§Q>aZoQ> n«{ejH$ Ho$ _mÜ`_ go n«má {H$`m h¡ {OgHo$ n[aUm_ñdê$n

é. 27,12,662/- IM© hþE&

df© Ho$ Xm¡amZ, {ZJ_r` AÜ``Z Am¡a {dH$mg Ho$ÝÐ Zo n«{ejU Ho$

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{H$`m h¡ {OgHo$ n[aUm_ ñdê$n é. 6,14,795/- IM© hþE&

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go O¡go {ZJ_r` n«~§YZ g{_{V, n«^mJr` CËnmXZ g{_{V H$s

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loUr dJ©-E dJ©-~r dJ©-gr dJ©-S>r

Hw$b H$_©Mmar 1205 661 732 262

AZwgy{MV Om{V 204 88 113 65(16.92%) (13.31) (15.43%) (24.80%)

AZwgy{MV OZOm{V 68 54 65 08(5.64%) (8.16%) (8.87%) (3.05%)

H$mo {deof ê$n go Am`mo{OV {H$`m OmVm h¡& H$_©Mm[a`m| Am¡a CZHo$

n[adma go g§~§{YV bmoJm| Ho$ {bE {d{^Þ gm§ñH¥${VH$ H$m ©H«$_m| H$m

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n«~§YZ _| H$m_Jmam| H$s gh^m{JVm:

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H$mo g§ wŠV \$moa_ Ho$ _mÜ`_ go ZrMo Xem© m J`m h¡:

E) n«Ë oH$ _mh AZw mJr`/ n« mJr` CËnmXZ g{_{V ~¡R>H$m| H$m

Am`moOZ {H$`m OmVm h¡ {OZHo$ _mÜ`_ go H$m © `moOZm,

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g{_{V (grE_gr) H$s ~¡R>H$m| _| {deof Am_§{ÌV gXñ` Ho$

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_hËdnyU© Zr{V`m| H$m {ZYm©aU H$aVr h¡&


During the year total of ten persons have beenappointed (including one CVO and four fire staffofficials on deputation).

A total of 354 (including three fire staff ondeputation) employees separated from thecompany during the year.

Your company employed 2863 persons, includingthe two Directors and one C&MD. It also includesseven fire staff on deputation as on 31-3-2015.Your company has been earnestly implementingthe Government directives regardingreservations. The group-wise details of SC / STemployees in the company as on 31 March 2015are as under:

Category Group A Group B Group C Group D

Total employees 1205 661 732 262

Scheduled Castes 204 88 113 65(16.92%) (13.31) (15.43%) (24.80%)

Scheduled Tribes 68 54 65 08(5.64%) (8.16%) (8.87%) (3.05%)

During the year 2014-15 Corporate Learning andDevelopment Center has continued its emphasison developing the technical, functional,managerial and leadership competencies. Forthis purpose it has organized 14 in-house trainingprogrammes/seminars (08 Technical & 06 nontechnical) on various technical, functional andmanagement topics of current interestby immenent faculty. In all 1287 training man-days have been achieved through internaltraining which resulted an expenditure of` 27,12,662/-.

During the year, Corporate Learning andDevelopment Center has proposed nominationsof 104 employees for participating in the trainingprogrammes organized by various reputedtraining organizations on Technology andManagement Development themes resulting in265 man days of training which resulted anexpenditure of ` 6,14,795/-.

Employee relations continued to be smooth andharmonious across the company. Regularinteractions took place among the management,executives and the workmen through the variousforums such as the Corporate ManagementCommittee at the apex level and the DivisionProduction Committees.

Various welfare programmes were organized forthe benefit of employees and their familiesincluding programmes addressing specific needsof sections of employees, such as women.Various cultural programmes and sports meetshave been organized for the recreation of theemployees and their families.

Workers’ Participation in Management:The participation of workmen and officers’representatives in the joint forums is as givenbelow:

a) Participation in Sectional/DivisionalProduction Committee meetings in which theperformance of the Division, working plans,targets set for production, sales & orderbooking and the present position would bereviewed every month.

b) Participation of President & GeneralSecretary of ECIL Staff and Workers’ Unionand President and Secretary of ECOA inCorporate Management Committee(CMC)as special invitees. CMC is a high levelpolicy making body at Corporate levelchaired by C&MD and consists of FunctionalDirectors, Executive Directors, Heads ofGroups. The Committee meets regularly anddeliberates on the major policy issuesincluding performance of the Company.

26 48dt dm{f©H$ [anmoQ>© 2014-15

H$_©Mmar g§~§Y pñW{V :

df© 2014-15 _| Am¡Úmo{JH$ pñW{V gm_mÝ` Wr Am¡a df© Ho$ Xm¡amZ

{H$gr ^r n«H$ma H$s _mZd {Xdg H$s j{V Zht hþB©&

An§J A{Y{Z`_, 1995 H$m H$m`m©Ýd`Z

df© Ho$ Xm¡amZ, H§$nZr Zo A{Yemgr J«oS>- _| gmV [apŠV`m| Ho$ {nN>bm

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narjm Am`mo{OV {H$`m J`m Am¡a Amdí`H$ gw{dYmE± O¡go ìhrb

Hw$gu BË`m{X g^r narjm Ho$ÝÐm| na Amdí`H$ Aä`{W© m| H$mo n«XmZ

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n«_mUnÌ Ho$ gË`mnZ Ho$ níMmV OëX hr Omar {H$`m OmEJm&

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h¢& Hw$b 66 AZwamoYm| na gyMZm n«XmZ H$s JB©, 29 AmdoXZm| H$mo

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{ZñVmaU Ho$ {bE eof h¢&

amO^mfm Zr{V H$m H$m`m©Ýd`Z :

amO^mfm A{Y{Z`_, 1963 Am¡a amO^mfm {Z`_, 1976 Ho$ n«mdYmZm|

Ho$ AZwgaU _| H§$nZr {hÝXr H$mo amO^mfm Ho$ ê$n _| H$m`m©pÝdV H$aZo

hoVw n«{V~Õ h¡ VWm bJmVma nhb H$a ahr h¡& df© Ho$ Xm¡amZ

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J`m& {hÝXr _| H$m ©gmYH$ kmZ n«má H$m{_©H$m| Ho$ {bE n«{ejU hoVw

""n« moOZ_ybH$ {hÝXr Ed§ y{ZH$moS> n«Umbr Am¡a VH$ZrH$s boIZ''

na Mma H$m ©embmAm| H$m Am`moOZ {H$`m J`m& amÁ` {Zdm©MZ

Am`moJ, _Ü`n«Xoe Ed§ amÁ` {Zdm©MZ Am`moJ, N>ÎmrgJ‹T> hoVw

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a{OñQ>a hoVw "n«_m{UH$m Cn`mo{JVm nwpñVH$m' {hÝXr _| n«H$m{eV

{H$`m J`m& "B©grAmB©Eb Jm¡ad' AY©dm{f©H$ {hÝXr n{ÌH$m {Z`{_V

ê$n go n«H$m{eV {H$`m Om ahm h¡&

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H$m ©ñWb na _{hbmAm| Ho$ b¢{JH$ CËnr‹S>Z (amoH$Wm_,{ZfoY Am¡a {ZdmaU) A{Y{Z`_, 2013 Ho$ A§VJ©Vn«H$Q>rH$aU

H§$nZr _| H$m ©ñWb na _{hbmAm| Ho$ b¢{JH$ CËnr‹S>Z (amoH$Wm_,{ZfoY Am¡a {ZdmaU) A{Y{Z`_, 2013 H$s Amdí`H$VmAm| Ho$gmW b¢{JH$ CËnr‹S>Z {damoYr Zr{V h¡& Am§V[aH$ {eH$m`V g{_{V(AmB©grgr) b¢{JH$ CËnr‹S>Z g§~§Yr n«má {eH$m`Vm| Ho$ {ZdmaU hoVwJ{R>V {H$`m J`m h¡& Bg Zr{V Ho$ A§VJ©V (ñWm`r, g§{dXm, AñWm`r,n«{ejw) g^r H$_©Mmar em{_b h¢&

df© 2014-15 _| b¢{JH$ CËnr‹S>Zo§ {eH$m`V n«má/{ZnQ>mZ H$mgmam§e {ZåZ{b{IV h¡• n«má {eH$m`Vm| H$s g§»`m : eyÝ`• {ZnQ>mE JE {eH$m`Vm| H$s g§»`m : eyÝ`

g§ wŠV ZdmoÚ_ :

g§ wŠV ZdmoÚ_ H$n§Zr Zo 95 H$amo‹S> én o Ho$ bú` Ho$ gmnoj 97H$amo‹S> én o (AboImnar{jV) H$m Q>Z©Amoda (AñWm`r) n«má {H$`mh¡& Q>Z©Amoda H$m _w»` ^mJ é. 40 H$amo‹S> EŠg-ao ~¡JoO {ZarjUn«Umbr Ed§ A{V[aŠV go Am¡a é. 57 H$amo‹S> godmE± Ed§ nËVZZmJ[aH$ H$m © g{hV AÝ` Am` go AmVm h¡& {nN>bo df© é. 10.61H$amo‹S> H$s VwbZm _| Bg df© _yë`ömg Ho$ níMmV Ed§ H$a go nyd©H§$nZr H$m bm^ é. 13.80 H$amo‹S> (AñWm`r/ AboImnar{jV) h¡&g§ wŠV ZdmoÚ_ H§$nZr {nN>bo df© go dV©_mZ df© _| 10% d¥{Õ H$mbú` H$a ahr h¡&

{ZJ_r` A{êmgZ :

bmoH$ CnH«$_ {d^mJ Zo Ho$ÝÐr` gmd©O{ZH$ joÌ Ho$ CnH«$_m| Ho$ {bE{ZJ_r` A{êmgZ H$m {Xem-{ZX}e {X`m h¡& na_mUw D$Om© {d^mJ,


Employee Relations Situation:The Industrial situation was normal during theyear 2014-15 and there has been no loss of mandays during the year. The Employees relationsituation has been cordial during the year.

Implementation of Persons withDisablities Act, 1995:During the year, the Company has given theadvertisement to fill up the back-log of sevenvacancies in Executive Grade-II. A written testwas conducted in four metro cities of the countryand necessary amenities e.g. wheel chair etc.have been provided to the required candidatesat all the test Centres. The offer of Appointmentsto all the seven candidates will be issued shortlyafter verification of their disability certificate.

Implementation of RTI Act:The Company has received 111 RTI requests forinformation during the year 2014-15 in additionto the 15 requests carried forward from theprevious year. Information was provided against66 requests, 29 applications were returned dueto non conformity and the balance 31 werepending for disposal as on 31st March, 2015.

Implementation of Official LanguagePolicy:In consonance with the provisions of OfficialLanguages Act, 1963 and Official LanguageRules, 1976, your Company is committed andtaking continuous initiatives to promote theimplementation of Hindi as Official Language.During the year, the provisions of the OfficialLanguage policy have been implemented inevery area. Four workshops on ''Functional Hindi& Unicode system and Technical writing'' havebeen conducted to impart training to those havinga working knowledge of Hindi. Electronic VotingMachine (EVM) manual for State ElectionCommission (SEC), Madhya Pradesh and SEC,Chhattishgarh; 'Pramanika User Manual' forNational Population Register (NPR) have beenpublished in Hindi. 'ECIL Gaurav' bi-annual Hindimagazine is being published regularly.

The documents placed before committees ofParliament and various notes submitted to theGovernment have been prepared in bilingual.The company has been awarded 'RajbhashaShield (1st Prize)' by the Town Official LanguageImplementation Committee (TOLIC-PSUs),Hyderabad- Secunderabad for outstandingimplementation of Official Language policy.

Disclosure under the Sexual Harassmentof Women at Workplace (Prevention,Prohibition and Redressal) Act, 2013.The Company has in place an Anti SexualHarassment Policy in line with the requirementsof the Sexual Harassment of Women at theWorkplace (Prevention, Prohibition & Redressal)Act, 2013. Internal Complaints Committee (ICC)has been set up to redress complaints receivedregarding sexual harassment. All employees(permanent, contractual, temporary, trainees) arecovered under this policy.

The following is a summary of sexual harassmentcomplaints received and disposed off during theyear 2014-15

• No of complaints received: Nil• No of complaints disposed off: Nil

Joint Venture:The JV Company has achieved a turnover(provisional) of ` 97 crore (un-audited) against atarget of 95 crore. The turnover consists mainlyof ` 40 crore from sale of X-Ray BaggageInspection Systems (XBIS) and Spares and ` 57crore towards servicing and other incomeincluding port civi l work. The profit afterdepreciation & before tax of the Company for theyear is ` 13.80 crore (provisional/ unaudited),compared to ` 10.61crore for the previous year. The JV Company is targeting for current financialyear a growth of 10% over the previous year.

Corporate Governance:The Department of Public Enterprises has laiddown the Guidelines of Corporate Governancefor CPSEs. The Department of Atomic Energy

28 48dt dm{f©H$ [anmoQ>© 2014-15

B©grAmB©Eb Ho$ n«emg{ZH$ _§Ìmb`m| _| AZwXoem| H$m AZwnmbZ H$aZoH$m {ZXoe {X`m&

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(DAE), the Administrative Ministry of ECIL askedto comply with the instructions.

The Board Members and senior managementhave reaffirmed the compliance with the Codeof conduct. A report on Corporate Governanceis given as Annexure ‘C’.

The Company has obtained a Certificate fromShri N.V.S.S. SURYANARAYANA RAO,Practicing Company Secretary regardingcompliance of condit ions of Corporate

Governance as indicated in the DPE Guidelines.The Compliance certificate is annexed to thisreport as annexure ‘D’

Sustainability Report:The DPE guidelines on SustainableDevelopment for CPSEs require CPSEs todisclose their Sustainable Development effortsin a 'Stand Alone Report' or as a separate chapterin the Annual Report. Pursuant to thisrequirement, the following activities have beenundertaken during the year 2014-15:

S. Sustainability Project AchievementNo. undertaken by the Company

1. Energy conservation ECIL has replaced 150 Nos of HPMV based street light fittings withLED based Street light fittings.

2. Second effluent treatment Design, drawings and civil works for the second ETP have beenplant (ETP) completed. The installation of equipments and its commissioning work

is in progress. Expected to be operational shortly.

Statutory Auditors:The Statutory auditors of your Company havebeen appointed by the Comptroller and AuditorGeneral of India. M/s. Umamaheswara Rao &Co., Chartered Accountants have been appointedas statutory auditors of the company for the year2014-15. The company’s responses to thestatutory auditors’ qualifications/reservations onthe accounts of the company for the year ended31.3.2015 are furnished at Annexure ‘E’ to thisreport.

Comments of the Comptroller andAuditor General of IndiaThe Annual Accounts for the year ended 31stMarch, 2015 were reviewed by Comptroller andAuditor General (C&AG) of India. There are nilcomments from the Comptroller and AuditorGeneral of India under Section 143(6) of theCompanies Act, 2013 on the Accounts of yourCompany for the year 2014-15 as given inAnnexure ‘F’ to this report.

Cost Auditors:Pursuant to Section 148 of the Companies Act,2013 read with the Companies (Cost Recordsand Audit) Rules, 2014 (as amended), the costrecords maintained by the Company in respectof its manufacturing activities are required to beaudited by the Cost Auditor. Your Directors had,on the recommendation of the Audit Committee,appointed M/s Nageswara Rao & Co., CostAccountants, Secunderabad as Cost Auditors forthe Financial Year 2014-15. The due date forfiling Cost Audit Reports for the FY 2014-15 withthe Cost Audit Branch of MCA is 27th September2015 and the same will be filed within thestipulated time.

Vigilance :The Vigilance Department has an independentChief Vigilance Officer supported by GroupVigilance Officers in each of the SBUs. While thefocus of vigilance department is preventivevigilance with respect to procurement processes,they also conduct CTE l ike inspections,investigate issues referred to them and providesuitable suggestions for improvement of thesystems.

30 48dt dm{f©H$ [anmoQ>© 2014-15

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g^r n«H$ma H$s boIm§H$Z n«{d{Y`m| H$mo AnZm`m J`m h¡&

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{ZJ_r` gm_m{OH$ Xm{`Ëd :

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VII Ho$ A§VJ©V {H$E OmVo h¡ Omo h_mao g§emo{YV {ZJ_r` gm_m{OH$


During the year gone by, the vigi lancedepartment held structured review meetings withthe CVO every quarter which have yieldedseveral benefits. Implementation of e-procurement and ERP continued to be the thrustareas.

The Vigilance Department received twelvecomplaints during the year of which three havebeen disposed off and inquiries are in progressin the others. In addition, two complaints referredby CVC as well as DAE are being enquired into.

Related Party Transactions:There were no materially significant related partytransactions with the Company’s Promoters,Directors, Management or their relatives, whichcould have had a potential conflict with theinterests of the Company. Transactions withrelated parties that were entered into during thefinancial year were on an arm’s length basis andwere in the ordinary course of business. AllRelated Party Transactions are placed before theAudit Committee as also the Board for approval,if required. Members may refer to the notes tothe accounts for details of related partytransactions.

The transactions entered into with related partiesare reviewed on a quarterly basis by the AuditCommittee.

Changes in the Board of Directors:The fol lowing changes took place in theDirectorship of the Company:

Shri K A P Sinha, Joint Secretary, (SecretariatBranch), DAE ceased to be Director with effectfrom 16th September, 2014

The Directors would like to place on record theirappreciation for the services rendered by himduring his tenure.

Shri R A Rajeev, IAS, Joint Secretary (F), DAEhas been appointed as a Director with effect from20th November, 2014

Smt Nisha Singh, IAS, Joint Secretary,(Secretariat Branch), DAE has been appointedas a Director with effect from 28th November,2014

Directors’ Responsibility StatementPursuant to Section 134(3)(c) of the CompaniesAct, 2013, your Directors confirm:

(a) that in preparation of accounts for thefinancial year ended 31st March, 2015, theapplicable accounting standards have beenfollowed excepting a few minor deviationsdue to practical constraints, which havebeen disclosed in the notes forming part ofthe Accounts as per Sec. 129(5) of theCompanies Act, 2013;

(b) that the Directors have selected such of theaccounting policies, applied themconsistently and made judgments andestimates, that are reasonable and prudentso as to give a true and fair view of the stateof affairs of the Company as on 31.3.2015and of the profit and loss of the companyfor the year ended on that date;

(c) that the Directors have taken proper andsufficient care for the maintenance ofadequate accounting records in accordancewith the provisions of Companies Act, 2013for safeguarding the assets of the Companyand for preventing and detecting fraud andother irregularities; and

(d) that the Directors have prepared theAccounts for the financial year ended 31stMarch, 2015 on a ‘going concern’ basis.

Corporate Social Responsility:Pursuant to the provisions of Section 135 of theCompanies Act, 2013 and The Companies(Corporate Social Responsibility) Rules, 2014read with various clarifications issued by Ministryof Corporate Affairs & DPE Guidelines theCompany has undertaken various activities asper the CSR Policy. The programmes / initiatives/ projects are taken up in line with the Schedule-

32 48dt dm{f©H$ [anmoQ>© 2014-15

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h¡Xam~mX nr. gwYmH$a16-09-2015 AÜ`j Ed§ n«~§Y {ZXoeH$


VII of the Companies Act, 2013, which are dulyincorporated in our revised CSR policy and formsthe guiding principle for all our programmes. TheCompany has a Corporate Social ResponsibilityPolicy which has approval of the Board ofDirectors

Pursuant to the Rule 8 of The Companies(Corporate Social Responsibility) Rules, 2014 areport on CSR activities for financial year 2014-15 is annexed herewith as Annexure ‘G’.

AcknowledgementYour Directors acknowledge with thanks thesupport and encouragement received from theDepartment of Atomic Energy and its constituentunits such as Bhabha Atomic Research Centre,Indira Gandhi Centre for Atomic Research,RRCAT, VECC, NFC, AMD, AERB, NPCIL andBHAVINI, Defence Research and DevelopmentOrganization, Ministry of Defence and itsconstituent units, Indian Space ResearchOrganization, Election Commission, Department

of Information Technology, Department ofScience and Technology, Ministry of Shipping,Ministry of Finance, Ministry of Civil Aviation,Department of Corporate Affairs, Ministry ofHome Affairs, Department of Public Enterprisesand other ministries and departments ofGovernment of India, the Government of AndhraPradesh & Telangana, Statutory Auditors, theChairman and members of the Audit Committeeand the office of the Principal Director ofCommercial Audit, bankers, foreigncollaborators, all the customers and agencies,who are directly or indirectly associated with yourCompany.

The Board wishes to place on record itsappreciation of the efforts and invaluablecontribution made and excellent co-operationextended by the employees and executives atall levels which has resulted in the companyachieving a good performance during the yearand hopes that the Company would scale greaterheights in the years to come.

For and on behalf of the Board of Directors

Hyderabad P Sudhakar16.09.2015 Chairman and Managing Director

34 48dt dm{f©H$ [anmoQ>© 2014-15

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gr. D$Om© InV H$mo H$_ H$aZo Ho$ {bE Cn w©ŠV (E) Am¡a(~r) Cnm`m| H$m n« md Am¡a n[aUm_ñdê$n dñVwAm| Ho$CËnmXZ bmJV na n« md

i) dm{f©H$ D$Om© InV gyMZm n«m¡Úmo{JH$s Ed§ Xya g§Mma dJ© ^dZ_| D$Om© BboŠQ´>m{ZH$ n« moJembm, amï´>r` OZg§»`m a{OñQ>a,ZmbÝXm H$m°åßboŠg BË`m{X _| S>oQ>m Ho$ÝÐ O¡gr ZB© gw{dYmAm|Ho$ `moJ Am¡a n« moOZr`Vm Ho$ H$maU Am¡a \¡$ŠQ´>r _| CËnmXZJ{V{d{Y`m± ~‹T>Zo Ho$ H$maU ^r 11,23,940 KWH y{ZQ>VH$ ~‹T>r h¡&

S>r. n«m¡Úmo{JH$s AmË_gmVrH$aU

\$m_© "~r' Ho$ AZwgma n«m¡Úmo{JH$s AmË_gmVrH$aU hoVw n« mg {H$EJE h¡&

\$m_©- ~rE) AZwg§YmZ Ed§ {dH$mg

1. {deof joÌ {OZ_| AZwg§YmZ Ed§ {dH$mg {H$`m J`mE) Zm{^H$s` CnH$aU~r) B©Z{H«$ßeZ n«Umbrgr) g§Mma CnñH$aS>r) gwajm n«UmbrB©) BboŠQ´>m{ZH$ _VXmZ _erZ

2. Cn w©ŠV AZwg§YmZ Ed§ {dH$mg go {ZåZ{b{IV bm^n«má hþE

E) {dH${gV Zm{^H$s` CnH$aU Zo Am`mV ñWmnZ, {dXoer_wÐm H$m ~MV VWm bmJV _| H$Q>m¡Vr H$mo g{H«$` {H$`mh¡ Am¡a {Oggo H§$nZr H$s Am°S©>a ~wH$ pñW{V _| gwYmahþAm h¡&

~r) {dH${gV BZ{H«$ßeZ n«Umbr gm_[aH$ Cn`moJH$Vm©Am|hoVw gwa{jV g§Mma ZoQ>d{Hª$J g{H«$` {H$`m O~{H$ `hAm°S©>a ~wH$ _| gmW©H$VmnyU© `moJXmZ Xo ahm h¡&

g§b¾H$-"E'


Information required to be disclosed inaccordance with Section 134(3)(m) of theCompanies Act, 2013 read with Rule 8(3) ofthe Companies (Accounts) rules, 2014regarding conservation of energy, technologyabsorption and foreign exchange earningsand outgo.

A. Conservation of Energy

Energy conservation measures taken duringthe year 2014-15.

i) Preventive maintenance of Sub-Stationequipments l ike LT panels, Air circuitbreakers, protection relays were carried outperiodically to minimize the power losses inthe HT & LT distribution systems.

ii) Solar water heating system maintenance iscarried out periodically for betterperformance of the system.

iii) Filtration of Transformer Oil to improve theperformance of Transformer therebyimproving the eff iciency of PowerDistribution.

iv) Replacement of Window Air conditionerswith Star rated Energy Efficient Split AirConditioners in rooms and labs.

B. Additional investments and proposals, ifany being implemented for reduction ofconsumption of energy.

i) Replacement of conventional type lightingsystem with Energy efficient lighting systemin the new and renovation projects in theorganization.

ii) Replacement of 100 Nos of 80W Tube lightfixture with 36W LED lighting fixtures inAdmn Bldg.

iii) Replacement of 15-20MVA Power Transformerwith new 10MVA Power Transformer withOn-Load-Tap-Changing facility.

iv) Installation of new Microprocessor relayprotection based Air Circuit Breaker Panelin Sub-station

Annexure – ‘A’

v) Replacement of old LT Power Distributionpanels in 10Nos of Control rooms ofproduction divisions.

C. Impact of measurements at (a) and (b)above for reduction of energy consumption andconsequent impact on the cost of productiongoods.

i) Annual energy consumption is increased by11,23,940 KWH units due to addition andfunctioning of new facilities like PowerElectronics Lab in IT&TG Bldg., Data Centrein NPR, Nalanda complex etc. and also dueto increase in the production activities in theFactory.

D. Technology absorptionEfforts made in technology absorption as perForm B

Form B

A. Research & Development (R&D)

1. Specific Areas in which R&D is carriedouta) Nuclear Instruments

b) Encryption systems

c) Communication equipment

d) Security systems

e) Electronic Voting Machines

2. Benefits derived as a result of the aboveR&D

a) The nuclear instruments developedhave enabled import substitution,savings in foreign exchange as well asreduction in costs and have resulted inimprovement of order book position ofthe company

b) The encryption systems developedhave enabled secure communicationnetworking for strategic users whilecontributing significantly to the orderbook.

36 48dt dm{f©H$ [anmoQ>© 2014-15

gr) g§Mma _| {H$E JE H$m © BboŠQ>m{ZH$ wÕ-H$m¡eb n«Umbr_| AZwn« moJ aI|Jo Am¡a AmJm_r ^{dî` _| H§$nZr hoVw~‹So> Adgam| H$s AJwAmB© H$aZo H$s g§ mdZm h¡&

S>r) gwajm J¢OoQ>m| Ho$ {dH$mg H§$nZr hoVw n`m©á bmJV ~MVAm¡a EH$sH¥$V gwajm n«Umbr _| AnZr n«{V`mo{JVmË_H$Vm~‹T>mVm h¡&

B©) ~hþ-nmoñQ> ~hþ-dmoQ> _erZ H$m {dH$mg df© 2014-15_| n`m©á ì`mnma n«má {H$`m VWm AmZo dmbo dfm] _| ^rg_ ~ohVa n`m©á n«má hmoZo H$s Amem h¡&

3. ^{dî` H$ma©dmB© H$s moOZm (CËnmX Am¡a n«m¡Úmo{J{H$`m|_| AZwg§YmZ Ed§ {dH$mg)

E) Zm{^H$s` gw{dYmAm| Ho$ {bE ZE CnH$aUm| H$m {dH$mgAm¡a ì`má CnH$aUm| H$m {dñVma H$aZm

~r) H¥${f Am¡a ñdmñÏ` O¡go gm_m{OH$ AZwn«`moJm| hoVwCnH$aUm| H$m {dH$mg

gr) BboŠQ´>m{ZH$ wÕ-H$m¡eb CnñH$a _| mo{JH$ {deofVmAm|Ho$ ZE _m°S>çyb Am¡a g_m{dï> H$m {dH$mg

4. AZwg§YmZ Ed§ {dH$mg na ì``(én o H$amo‹S> _|)

2014-15 2013-14i) ny§Or 2.56 4.34ii) AmdVu 42.90 44.02iii) Hw$b 45.46 48.36iv) Hw$b Q>Z©Amoda % _| AZwg§YmZ

Ed§ {dH$mg na Hw$b ì`` 3.59 3.48%

~r. n«m¡Úmo{JH$s Am_obZ, AmË_gmVrH$aU Ed§ ZdmoÝ_of:

1. n«m¡Úmo{JH$s Am_obZ, AmË_gmVrH$aU Am¡a ZdmoÝ_ofgo g§~§{YV n« mgm| H$mo g§jon _| {X`m Om ahm h¡ :-

E) AmaAmagrEQ>r Am¡a ~rEAmagr O¡go na_mUw D$Om© {d^mJH$m n« moJembmAm| go A{YJ«{hV gwdmø EŠg-ao ~¡JoO{ZarjU n«Umbr Am¡a wao{Z`_ {díbofH$ O¡go CnH$aUm|Ho$ {bE VH$ZrH$s ZO[a`m± ì`mdgm{`H$ CËnmXm| _|A{^`m§{ÌV {H$`m J`m&

~r) {ZåZ{b{IV {dH${gV n«m¡Úmo{JH$s Ho$ A{YJ«hU hoVwgr-S>m°Q> Ho$ gmW g_Pm¡Vm kmnZ hñVmj[aV {H$`mJ`m&

1. kmZ goVw, ñWmZr` ^mfm _| B©-godmE± CnbãY H$amZohoVw EH$ B§Q>aZoQ> AmYm[aV [a`b Q>mB©_ g§Mma n«m¡Úmo{JH$s

2. Qo>am{~Q> amCQ>a Am¡a ~«moS>~¢S> Vma {d{hZ Q>{_©Zb

3. \o$Oa _mnZ BH$mB© Am¡a AmB©amoO ñH¡$S>m gmâQ>do a

Cn w©ŠV n«m¡Úmo{JH$s Ho$ AdemofU Am¡a CÝh| CËnmX _| n[adV©Z H$s{H«$`m n«J{V na h¡&

2. Cn w©ŠV n« mgm| go bm^ hþAm O¡ogo : CÞV CËnmXZ,bmJV _| H$_r Am¡a Am`mV n«{VñWmnZ BË`m{X

AZwg§YmZ Ed§ {dH$mg Am¡a n«m¡Úmo{JH$s n«{V~§Y H§$nZr Ho$ n«ñVwV ZECËnmX Ed§ _yë` A{^`m§{ÌH$s Ho$ H$maU n«{V`mo{JVmË_H$ Xa na{nN>bo CËnmXm| Ho$ CÞV g§ñH$aU Am¡a n[aUm{_V bmJV H$Q>m¡Vr _|n[aUm{_V h¡& Hw$N> ZE CËnmX {dXoer _wÐm Ho$ ~MV _| Am`mVn«{VñWmnZ n[aUm_ h¡&

Am`m{VV n«m¡Úmo{JH$s Ho$ g§~§Y _| ({dËVr` df© Ho$ n«ma§ go {dJV 5 dfm] _| Am`mV):

{dJV 5 df© _| Am`m{VV n«m¡Úmo{JH$s ({dËVr` df© Ho$ n«ma§ go)

H«$. H$mobm~moaoQ>a H$m Zm_ CËnmX Am`mV Am`m{VV Š`m n«m¡Úmo{JH$s `{X nyar VahAm¡a nVm H$m df© n«m¡Úmo{JH$s nyar Vah Am_o{bV Zht

Am_o{bV hmo JB© hþB© Vmo H$maU

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c) The work done in communications willhave applications in electronic warfaresystems and are likely to lead to largeopportunities for the company in thenear future.

d) The development of security gadgetswould result in substantial cost savingsfor the company and increase itscompetit iveness in the integratedsecurity systems.

e) The development of multi-post multi-vote machines have yielded substantialbusiness during the year 2014-15 withan even greater potential in thesubsequent years.

3 Future plan of action (for R&D inProducts and Technologies)

a) Development of new instruments andenhancement of existing instruments fornuclear facilities.

b) Development of instruments for societalapplications like agriculture and health.

c) Development of new modules andincorporation of additional features inthe electronic warfare equipment.

4. Expenditure on R&D(` Crores)

2014-15 2013-14

i) Capital 2.56 4.34

ii) Recurring 42.90 44.02

iii) Total 45.46 48.36

iv) Total R&D expenditure as 3.59 3.48% percentage of total turnover

B. Technology absorption, adaptation andinnovation

1. Efforts in brief made towards technologyabsorption, adaptation and innovation

a) The know-how for instruments likeUranium Analyzer and Portable X-RayBaggage Inspection systems acquiredfrom DAE laboratories such as RRCATand BARC have been engineered intocommercial products.

b) MoUs have been signed with C-DoT foracquiring the following technologiesdeveloped by them

1. Gyan Sethu, an internet based real timeinformation system for providinge-services in local languages

2. Terabit Router and Broadband WirelessTerminal

3. Phasor Measurement Unit and iRoseSCADA software.

Absorption of the above technologies andconverting them into products is under progress.

2. Benefits derived as a result of the aboveefforts e.g. Product Improvement, CostReduction, Import Substitution etc.

The R&D and technology tie-ups have resultedin the company offering new products andupgraded versions of earl ier products atcompetitive prices due to the value engineeringand the resultant cost reduction. Some of the newproducts are import substitutes result in savingsin foreign exchange.

In case of imported technology (imported during last 5 years reckoned from beginning offinancial year)

Technology imported during the last 5 years (reckoned from the beginning of the financial year)

Sl. Name & Address Product Year of Technology Has Tech. If not fullyNo. of the collaborator Import Imported been fully absorbed

absorbed give reasons

Nil

38 48dt dm{f©H$ [anmoQ>© 2014-15

gr) {dXoer _wÐm Am` Am¡a ì`` :

I. df© Ho$ Xm¡amZ, H§$nZr Zo AnZo CËnmX H$m Hw$b é. 0.38 H$amo‹S>{Z`m©V (Vrgar nmQ>u {Z`m©V g{hV) {H$`m&

II. Hw$b _wÐm ì`` Am¡a Am`(én o H$amo‹S> _|)

{ddaU 2014-15 2013-14{dXoer _wÐm ì`` 313.64 228.23{dXoer _wÐm Am` 0.38 2.40

ZE CËnmX :H§$nZr AnZo H$mo gm_[aH$ Am¡a g§~Õ joÌm| _| CËH¥$ï>Vm Ho$ÝÐ Ho$ ê$n_| ñWm{nV H$aZo hoVw ZdrÞV n«m¡Úmo{JH$s n«ñVwV H$a ahr h¡, O~{H$,O{Q>b Am¡a EH$ n«H$ma H$s n«Umbr Ho$ EH$sH$aU gpå_{bVn[a`moOZmAm| H$m {Zdm©h H$aZm Omar h¡& AÝ` AZwg§YmZ Ed§ {dH$mgAm¡a na_mUw D$Om© {d^mJ g§ñWmZm| Ho$ gmW gh^m{JVm _| ZECËnmXm| Ho$ {dH$mg hoVw MoVZ n« mg {H$`m J`m h¡& H§$nZr Ûmam df©2014-15 _| Zm{^H$s`, ajm, dm§V[aj, gwajm, gyMZm n«m¡Úmo{JH$sEd§ B©-A{êmgZ joÌm| g{hV ZE CËnmX bmE JE&

n[aewÕVm {d{H$aU _m°ZrQ>an[aewÕVm {d{H$aU _m°ZrQ>a Zm{^H$s` {dÚwV Ed§ nwZgªgmYZ g§ §Ìm|_| g§XyfU joÌ H$mo _mnZo hoVw n« moJ {H$`m OmVm h¡& `h Agm_mÝ`pñW{V _| ñH«$sZ na X¥í` Abm_© g§Ho$V Xem©Vm h¡&

CÞV Ý yQ´>m°Z g§gyMH$`h _§X Ý yQ´>m°Z g§gyMZ hoVw J¡g âr hþB© AZwnm{VH$ J{UV Ho${gÕm§V na H$m © H$aVr h¡& `h (n,α) n«{V{H«$`m Ûmam Ý yQ´>m°ZâbŠg J¡g namdVu Am`ZZ H$s nhMmZ H$aVm h¡& ^m^m na_mUwD$Om© AZwg§YmZ Ho$ÝÐ go _yb VH$ZrH$s ZO[a`m Ho$ gmW EH$ nyU©AmYma-g§aMZm g§gyMH$m| H$mo n«ñVwV H$aZo hoVw B©grAmB©Eb ÛmamV¡ ma {H$`m J`m h¡& `h g§gyMH$ Zm{^H$s` D$Om© g§ §Ìm| Am¡anËVZm| _| Cn`moJ {H$E OmVo h¡&

C. Foreign Exchange Earnings and outgo:I. During the year, the Company exported

(including third party exports) ` 0.38 croresworth of its products, which includes Safeand arm devices to South Africa.

II. The total exchange used and earned(` Crores)

PARTICULARS 2014-15 2013-14

Foreign exchange used 313.64 228.23

Foreign exchange earned 0.38 2.40

New Products:The company has been pursuing the state-of-the-art technologies to establish itself as a Centreof Excellence in strategic and allied sectors, evenwhile continuing to take up projects involvingintegration of complex and one-of-a-kindsystems. A conscious effort also has been madeto develop new products in association with otherR&D and DAE institutes. The new productsintroduced by the company in the year 2014-15includes Nuclear, Defence, Aerospace, Security,IT, Telecom & e-Governance sectors.

Precision Radiation MonitorPrecision Radiation Monitor used is in NuclearPower and Reprocessing Plants for measuringwork area contamination. Visual alarms areactivated when the preset threshold values areexceeded.

Advanced Neutron DetectorI t works on the principle of Gas Fil ledProportional Counter for slow neutron detection.It senses the neutron flux by the (n,α) reactionand the subsequent ionization of the gas. Withbasic know-how from BARC a completeinfrastructure is built at ECIL to produce thedetectors. These detectors are used in NuclearPower Plants and Ports.

Precision RadiationMonitor Gas filled Neutron Detectors

n[aewÕVm {d{H$aU _m°ZrQ>aJ¡g Ym[aV Ý yQ´>m°Z g§gyMH$


Uranium AnalyserUranium Analyser is used to detect and monitortraces of Uranium in liquid samples and inPetroleum ore extraction process.

The instrument is widely used in different DAEUnits to identify and evaluate Uranium resourcesin various stages of Atomic Energy Programme.The Uranium Analyser is developed withtechnology know-how from RRCAT, Indore.

Regional over Power ProtectionAmplifier Unit (ROP AMPLIFIER)The ROP amplifier is used to measure thermalneutron flux in Power Range of Nuclear reactor.It has built-in test facility and also provision toassess the insulation resistance (IR) of detectorand cable. The unit is qualified for environmentaland EMl/EMC tests.

Linux based ECSCADA ServerSoftwareECSCADA Server Software, is a client-serverarchitecture developed on Linux platform. Thesoftware supports wide range of protocols suchas Modbus (Serial,TCP/IP), DNP3.0 (Serial,TCP/IP), IEC60870-5-104/101, SRTP, ICCP andOPC UA.

Data trend viewer screen shot

Urnanium Analyser

yao{Z`_ {díbofH$

yao{Z`_ {díbofH$ Vab Z_yZm| Am¡a noQ´>mo{b`_ A`ñH$ {ZîH$f©Un«{H«$`m _| yao{Z`_ Ho$ g§gyMZ Am¡a _m°ZrQ>a {ZJamZr hoVw Cn`moJ{H$`m OmVm h¡&

`h CnH$aU na_mUw D$Om© H$m ©H«$_m| Ho$ {d{dY ñVam| _| yao{Z`_ómoVm| H$s nhMmZ Am¡a _yë`m§H$Z hoVw {^Þ na_mUw D$Om© {d^mJBH$mB`m| _| {dñV¥V ê$n go n« moJ H$s OmVr h¡& yao{Z`_ {díbofH$AmaAmaH¡$Q, BÝXm¡a Ûmam àm¡Úmo{JH$snaH$ VH$ZrH$s kmZ Ho$ gmW{dH${gV {H$`m OmVm h¡&

joÌr` D$Om© nm°da g§ajU BH$mB© (AmaAmonr n«dY©H$)

AmaAmonr n«dY©H$ Zm{^H$s` [aEŠQ>a Ho$ D$Om© joÌ _| W_©b Ý yQ´>m°ZâbŠg _mnZo Ho$ {bE n« moJ {H$`m OmVm h¡& Bgo narjU gw{dYm hoVwV¡ ma {H$`m J`m h¡ Am¡a Cn wŠV amoYZ n«{VamoY Ûmam amoYZ n«{VamoYHo$ g§gyMZ Am¡a Ho$~b {ZYm©aU H$m ^r n«mdYmZ h¡& BH$mB© n`m©daUAm¡a B©E_AmB©/B©E_gr narjU gw{dYm hoVw n«_m{UV h¡&

{bZŠg AmYm[aV B©gr-ñH¡$S>m gd©a gm°âQ>do a

B©gr-ñH¡$S>m gd©a gm°âQ>do a brZŠg ßb¡Q>\$m°_© na {dH${gV EH$J«mhH$-gd©a dñVwH$bm h¡& h gm°âQ>do a Z`mMma H$s {dñV¥V J«mhH$O¡go _m°S>~g (H«${_H$, Q>rgrnr/AmB©nr), S>rEZnr 3.0 (H«${_H$,Q>rgrnr/AmB©nr),AmB©B©gr 60870-5-104/101, EgAmaQ>rnr,AmB©grgrnr Am¡a Amonrgr yE _| gh`moJ H$aVr h¡&

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ROP amplifier

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S>mQ>m Q´>oÝS> X{e©V ñH«$sZ e°mQ>

40 48dt dm{f©H$ [anmoQ>© 2014-15

Q>rS>rE_ {g¾b {díbofH$ Ed§ S>r-_pëQ>ßboŠga

Q>rS>rE_ {g¾b {díbofH$ Ed§ S>r-_pëQ>ßboŠga Q>rS>rE_ {g¾b{díbofU, J{V{d{Y g§gyMZ, {d_m°S>çybZ, M¡Zb {dH$m°S>Z{S>ñH«o$å~qbJ, S>r-_pëQ>ßbopŠg§J Ed§ _mZH$ ómoV {dH$m°S>Z Am¡aIw{\$`m§ gyMZm Ho$ {ZîH$f©U hoVw 50 E_~r/ goHo$ÊS> VH$ Ho$ Xa naJ¡a _mZH$ Q>rS>rE_ g§MaUm| H$m {ZînmXZ H$aVm h¡& BgHo$ AZwn« moJajm, Am§V[aH$ gwajm Am¡a n¡am-{_{bQ>ar A{^H$aUm| _| h¡&

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hmB© nm°da gm°{bS> ñQ>oQ> pñdMm| H$m n« moJ BboŠQ´>m{ZH$ wÕ-H$m¡ebn«Umbr Am¡a g§Mma ao{S>`mo _| EME\$/drEME\$/ yEME\$ {g¾bpñdMZ Ho$ H$m_ _| AmVm h¡& gm°{bS> ñQ>oQ> pñdM| 50 gyú_ goHo$ÊS>go H$_ H$s pñdMZ VoOr Ho$ gmW 1.5KW {ZaÝVa dod AmaE\$ D$Om©Ho$ hñVaZ _| gj_ h¡& `h pñdM| H$_ bmJV Am`{VV n«{VñWmnZh¡&

gm°{bS> ñQ>oQ> A§H$s` dr{S>`mo [aH$m°S©>a n«Umbr(EgEgS>rdrAmaEg)

gm°{bS> ñQ>oQ> A§H$s` dr{S>`mo [aH$m°S©>a n«Umbr 120 {_ZQ> H$s Ad{YVH$ dm w mZ _| dr{S>`mo VWm Am°{S>`mo {g¾b, ao{S>`mo Am¡a dm w mZ/hobrH$m°ßQ>a/b‹S>mHy$ {d_mZm| _| C‹S>mZ Ho$ g_` AmR> n¥WH$ pñW{V{g¾b na [aH$m°S©> H$aVm h¡&

TDM Signal Analyzer & De-multiplexer

TDM Signal Analyzer & De-multiplexerThe TDM Signal Analyser & Demultiplexerperforms TDM Signal Analysis, Activity Detection,Demodulation, Channel Decoding/Descrambling, De-multiplexing and Sourcedecoding of standard and non-standard TDMtransmissions up to 5OMb/sec for extraction ofintelligence information. It has applications inDefence, Internal Security and Para-militaryagencies.

HF/VHF/UHF High Power Solid StateSwitchesHigh Power Solid State Switches are used forswitching HF/VHF/UHF signals in ElectronicWarfare and communication radios. The SolidState Switches are capable of handling 1.5kWContinuous Wave RF power with a switchingspeed of less than 50 micro sec. These switchesare low cost import substitutes.

Solid State Digital Video RecorderSystem (SSDVRS)The Solid State Digital Video Recorder System(SSDVRS) records the video along with audiosignals, radio and eight discrete status signalsduring flight in the Aircrafts/Helicopters/Fighterjets for duration of 120 minutes.

High Voltage and HighSpeed Driver

Solid State Digital Video RecorderQ>rS>rE_ {g¾b {díbofH$ Ed§ S>r-_pëQ>ßboŠga gm°{bS> ñQ>oQ>> A§H$s` dr{S>`mo [aH$m°S©>a

CÀM dm°ëQ>oO Am¡aCƒ ÐþV S>mBda

1.5 kW HF TIR kW

VHFSP4T pñdM| / switches

1.5 Kw VHF SP4T

pñdM| / switches


Security Gadgets (Sliding Gate, TyreKiller, Road Blocker)Sliding Gate, Tyre Killer and Road blockerprovide a high level of security to controlmovement of unauthorized vehicles. These areused for protecting Strategic Establishments andIconic Buildings.

Portable X-Ray Baggage InspectionSystem (XPBIS)Portable X-Ray Baggage Inspection System(XPBIS) reveal the contents of parcels, baggage,boxes, crates, vehicle tyres, Body panels andmany other targets from a safe distance. It is alsoused as valuable aid in assessing and defusingimprovised explosive devices (IEDs) andunexploded ordnance (UXO). This product isdeveloped with technology know-how fromBARC.

ñbmBqS>J JoQ> / Sliding Gate

Q>mà {H$ëba / Tyre killer

gwajm J¡OoQ> (ñbmBqS>J JoQ>, Q>mà {H$ëba, amoS ãbm°H$a)

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gwdmø EŠg-a o ~ ¡J oO {ZarjU n «Umbr(EŠgnr~rAmB©Eg)

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amoS> ãbm°H$aRoad Blocker

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gwdmø EŠg-ao ~¡JoO {ZarjU àUmbr

42 48dt dm{f©H$ [anmoQ>© 2014-15

Multi-Post EVM for State ElectionCommissionsMulti-Post EVM is used for local body electionsin various states. It has security features likeDetachable Memory Module (DIMM), Lasermarked serial numbers, tamper resistant andtamper detection features customized for StateElection Commissions.

True Random Number Generator(TRNG) ASICsTRNG ASICs are used in a wide range of cryptosystems, which require very high degree ofapparent randomness. Indigenous technologydesigned by ECIL and fabricated at STARC(SITAR), Bengaluru.

FPGA Based Key Search Engine forCryptanalysis of AESFPGA based key search engine is designedfor AES. AES decryption logic with multipleengines running in parallel on multiple FPGAswith pipelined technique on a FPGA Clustermachine.

FPGA based Key Search Engine

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Local Global Matching Results

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Network Based FingerprintIdentification Software for NODRSNetwork Based Fingerprint Identif icationSoftware used to monitor and control the dosesreceived by radiation workers within nuclear fuelestablishment through fingerprint identification.The software is deployed across all NPCIL sitesand other DAE units.


Hyderabad P Sudhakar16.09.2015 Chairman and Managing

Director

44 48dt dm{f©H$ [anmoQ>© 2014-15

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1. grAmB©EZ: CIN: U32100AP1967GOI001149

2. n§OrH$aU {XZm§H$ 11.04.19673. H§$nZr H$m Zm_ BboŠQ´>m{ZŠg H$manmoaoeZ Am\$ B§{S>`m {b{_Qo>S>4. H§$nZr H$s loUr/ Cn-loUr n«mBdoQ> {b{_Qo>S>5. n§OrH¥$V H$m`m©b` H$m nVm Ed§ AÝ` ã`m¡ao B©grAmB©Eb (nmo.), h¡Xam~mX - 500 0626. Š`m gyMr~X²Y H§$nZr h¡ Zht7. a{OñQ´>ma Ed§ ñWmZm§VaU A{^H$Vm© H$m Zm_, An«`moÁ`

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Annexure – ‘B’EXTRACT OF ANNUAL RETURN

As on financial year ended on 31.03.2015Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company

(Management & Administration) Rules, 2014.

FORM No. MGT 9

Nuclear, Defence and Securities Equipmentand E-Governance Projects consists morethan 90% of the Turnover.

I. Registration & Other Details:

1. CIN CIN: U32100AP1967GOI001149

2. Registration Date 11.04.1967

3. Name of the Company Electronics Corporation of India Limited

4. Category/Sub-category of the Company Private Limited

5. Address of the Registered office & contact details ECIL Post, Hyderabad - 500062

6. Whether listed company No

7. Name, Address & contact details of the Registrar & N.ATransfer Agent, if any.

II. Principal Business Activities of the Company(contributing 10 % or more of the total turnover of the company)

S. Name and Description of main NIC Code of the % to total turnover of the companyNo. products / services Product/service

1 Nuclear Equipment -

2 Defence Equipment -

3 Security Equipment -

4. E-governance -

III. Particulars of Holding, Subsidiary and Associate Companies

S Name and Address CIN/GLN Holding/ % of ApplicableNo. of the Company Subsidiary/ shares Section

Associate held

1 ECIL Rapiscan Ltd U99999TG1995PLC019129 Associate 49% 2(6)

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54 48dt dm{f©H$ [anmoQ>© 2014-15

V) F$UJ«ñVVm - ~H$m`m / n«moX² yV ã`mO g{hV H§$nZr H$s F$UJ«ñVVm {H$ÝVw wJVmZ Ho$ {bE eof Zht h¡&

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{dËVr` df© Ho$ n«ma§ _| F$UJ«ñVVmi) n«YmZ am{e 267,60,19,103 267,60,19,103ii) ã`mO eof {H$ÝVw Ad¡V{ZH$iii) ã`mO n«moX² yV {H$ÝVw eof Zht

Hw$b (i+ii+iii) 2676019103 267,60,19,103

{dËVr` df© Ho$ Xm¡amZ F$UJ«ñVVm_| n[adV©Z

* `moJ 15,00,00,000 450,00,00,000 465,00,00,000* H$_r 13,00,000 350,00,00,000 350,13,00,000

{Zdb n[adV©Z 14,87,00,000 100,00,00,000

{dËVr` df© H$s g_m{á na F$UJ«ñVVmi) n«YmZ am{e 248,89,97,047 100,00,00,000 348,89,97,047ii) ã`mO eof {H$ÝVw Ad¡V{ZH$ -iii) ã`mO n«moX² yV {H$ÝVw eof Zht 12,28,646 - 12,28,646

Hw$b (i+ii+iii) 249,02,25,693 100,00,00,000 349,02,25,693

VI. {ZXoeH$m| Am¡a _w»` n«~§YH$s` H$m{_©H$m| H$m nm[al{_H$-

E. n«~§Y {ZXoeH$, nyU©H$m{bH$ {ZXoeH$ Am¡a/`m n«~§YH$ H$m nm[al{_H$:

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1 gH$b doVZ ` 29,04,092/- ` 26,16,976/- ` 26,02,826/- ` 81,23,894/-

E) Am`H$a A{Y{Z`_, 1961 H$s Ymam 17(1) ` 29,04,092/- ` 26,16,976/- ` 26,02,826/- ` 81,23,894/-_| {Z{hV n«mdYmZm| Ho$ AZwgma doVZ

~r) Am`H$a A{Y{Z`_, 1961 H$s Ymam 17(2) eyÝ` eyÝ` eyÝ` eyÝ`Ho$ A§VJ©V AZwbpãY`m| H$m _yë`

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A{Y{Z`_ Ho$ AZwgma CƒV_ gr_m An« moÁ` An« moÁ` An« moÁ` An« moÁ`


V) INDEBTEDNESS -Indebtedness of the Company including interest outstanding/accrued butnot due for payment (in `)

Secured Loans Unsecured Deposits Totalexcluding deposits Loans (`) Indebtedness

Indebtedness at the beginningof the financial yeari) Principal Amount 267,60,19,103 267,60,19,103ii) Interest due but not paidiii) Interest accrued but not due

Total (i+ii+iii) 2676019103 267,60,19,103

Change in Indebtedness duringthe financial year

* Addition 15,00,00,000 450,00,00,000 465,00,00,000* Reduction 13,00,000 350,00,00,000 350,13,00,000

Net Change 14,87,00,000 100,00,00,000

Indebtedness at the end of thefinancial yeari) Principal Amount 248,89,97,047 100,00,00,000 348,89,97,047ii) Interest due but not paid -iii) Interest accrued but not due 12,28,646 - 12,28,646

Total (i+ii+iii) 249,02,25,693 100,00,00,000 349,02,25,693

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

S Particulars of Remuneration Name of MD/WTD/ Manager Total Amount

No Sh. P. Sh. Kishor Sh. VSBSudhakar, Rungta, Babu,C& MD Director (F) Director (P)

1 Gross salary ` 29,04,092/- ` 26,16,976/- ` 26,02,826/- ` 81,23,894/-

(a) Salary as per provisions ` 29,04,092/- ` 26,16,976/- ` 26,02,826/- ` 81,23,894/-contained in section 17(1) of theIncome-tax Act, 1961

(b) Value of perquisites u/s 17(2) Nil Nil Nil NilIncome-tax Act, 1961

(c) Profits in lieu of salary under Nil Nil Nil Nilsection 17(3) Income- tax Act, 1961

2 Stock Option Nil Nil Nil Nil

3 Sweat Equity Nil Nil Nil Nil

4 Commission Nil Nil Nil Nil- as % of profit- others, specify…

5 Others, please specify Nil Nil Nil Nil

Total (A) ` 29,04,092/- ` 26,16,976/- ` 26,02,826/- ` 81,23,894/-

Ceiling as per the Act N.A N.A N.A N.A

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1 gH$b doVZ eyÝ` ` 12,11,936/- eyÝ` ` 12,11,936/-

(E) Am`H$a A{Y{Z`_, 1961 H$s Ymam 17(1) _| {Z{hV n«mdYmZm| Ho$ AZwgma doVZ eyÝ` eyÝ` eyÝ` eyÝ`(~r) Am`H$a A{Y{Z`_, 1961 H$s Ymam 17(2) Ho$ A§VJ©V AZwbpãY`m| H$m _yë` eyÝ` eyÝ` eyÝ` eyÝ`(gr) Am`H$a A{Y{Z`_, 1961 H$s Ymam 17(3) Ho$ A§VJ©V doVZ Ho$ gmnoj bm^ eyÝ` eyÝ` eyÝ` eyÝ`

2 ñQ>m°H$ {dH$ën eyÝ` eyÝ` eyÝ` eyÝ`

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5 AÝ`, H¥$n`m {Z{X©ï> H$a| eyÝ` eyÝ` eyÝ` eyÝ`

Hw$b eyÝ` ` 12,11,936/- eyÝ` ` 12,11,936/-


B. Remuneration to other directors

S Particulars of Remuneration Name of Directors Total Amount

No Sh. D Sh. S SChakrapani Sundaram ----

1 Independent Directors

Fee for attending boardcommittee meetings ` 10,000/- Nil ` 10,000/-

Commission Nil Nil Nil

Others, please specify Nil Nil Nil

Total (1) ` 10,000/- Nil ` 10,000/-

2 Other Non-Executive Directors

Fee for attending boardcommittee meetings Nil Nil Nil

Commission Nil Nil Nil

Others, please specify Nil Nil Nil

Total (2) Nil Nil Nil

Total (B)=(1+2) ` 10,000/- Nil ` 10,000/-

Total Managerial Remuneration ` 81,33,894/-

Overall Ceiling as per the Act N.A N.A N.A N.A

C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD

S Particulars of Remuneration Key Managerial Personnel

CEO CS CFO Total

1 Gross salary Nil ` 12,11,936/- Nil ` 12,11,936/-

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 Nil Nil Nil Nil

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 Nil Nil Nil Nil

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961 Nil Nil Nil Nil

2 Stock Option Nil Nil Nil Nil

3 Sweat Equity Nil Nil Nil Nil

4 Commission Nil Nil Nil Nil- as % of profit Nil Nil Nil Nilothers, specify… Nil Nil Nil Nil

5 Others, please specify Nil Nil Nil Nil

Total Nil ` 12,11,936/- Nil ` 12,11,936/-

58 48dt dm{f©H$ [anmoQ>© 2014-15

VII. AnamY H$m AW©X§S> / X§S>/ g_Pm¡Vm:

n«H$ma H§$nZr g§{já bJmE JE n«m{YH$ma `{X H$moB©A{Y{Z`_ H$s {ddaU AW©X§S> / X§S>/ (AmaS>r / Anrb hmoYmam g_Pm¡Vo H$m EZgrEbQ>r/ ({ddaU Xo)

{ddaU Ý`m`mb`)

E. H§$nZr

AW©X§S> eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`X§S> eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`

g_Pm¡Vm eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`

~r. {ZXoeH$JU

AW©X§S> eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`X§S> eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`g_Pm¡Vm eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`

gr. AnamY _| AÝ` H$moB© A{YH$mar

AW©X§S> eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`X§S> eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`g_Pm¡Vm eyÝ` eyÝ` eyÝ` eyÝ` eyÝ`


VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section Brief Details of Authority Appealof the Description Penalty / [RD/NCLT/ made,Companies Punishment/ COURT] if anyAct Compounding (give

fees imposed Details)

A. Company

Penalty Nil Nil Nil Nil Nil

Punishment Nil Nil Nil Nil Nil

Compounding Nil Nil Nil Nil Nil

B. Directors




C. Other Officers in Default




60 48dt dm{f©H$ [anmoQ>© 2014-15

Shri P. Sudhakar, C&MD along with other members of the Board of Directors and senior officials of ECILduring tree plantation under the Haritha Haaram programme of the Government of Telangana

Dr. Sekhar Basu, Director, BARC taking keen interest in ECIL products

S>m°. eoIa ~gw, {ZXoeH$, ^mnAH|$; B©grAmB©Eb Ho$ CËnmXm| _| {deof é{M {XImVo hþE

lr nr. gwYmH$a, An«{Z VWm ~moS©> Ho {ZXoeH$JU Am¡a B©grAmB©Eb Ho$ d[að> A{YH$marJU Vob§JmZm gaH$ma Ho$"h[aVm hma_' H$m ©H«$_ Ho$ A§VJ©V d¥jmamonU H$aVo hþE


Dr. Nasim Zaidi, Chief Election Commissioner, Election Commission of India and his team taking keeninterest in the manufacturing facilities for Electronic Voting Machine (EVM) at ECIL

Dr. MYS Prasad, Director, SHAR flagging off the Programmable Logic Controller system indigenouslydeveloped by ECIL for ISRO

S>m°. Zgr_ ‹O¡Xr, _w»` {Zdm©MZ Am wŠV, ^maV {Zdm©MZ Am`moJ VWm CZH$s Q>r_ B©grAmB©Eb _|BboŠQ´>m{ZH$ _VXmZ _erZ (B©drE_) hoVw {d{Z_m©U gw{dYmAm| _| {deof é{M {XImVo hþE

S>m°. E_.dmB©.Eg. n«gmX, {ZXoeH$, ema; B©grAmB©Eb Ûmam Bgamo Ho$ {bE ñdXoer {dH${gVn«moJ«m_H$mar bm°{OH$ {Z §ÌU n«Umbr H$mo n«ñWm{ZV H$aVo hþE

62 48dt dm{f©H$ [anmoQ>© 2014-15

g§b¾H$- "gr'{XZm§H$ 31-03-2015 VH$ H§$nZr _| Zm¡ {ZXoeH$ Wo& Xmo nyU©H$mbrZ {ZXoeH$ Am¡a N>h J¡a - H$m ©nmbH$ {ZXoeH$ h¢& ~moS©>{ZpíMV Ad{Y _| ~¡R>H$ Am`mo{OV H$aVm h¡ VWm H§$nZr H$mo C{MV_mJ©Xe©Z Am¡a n«~§YZ Ho$ {bE CËVaXm`r h¡&

{dËVr` df© Ho$ Xm ¡amZ gmV ~m oS © > ~¡R>H$m | H$m Am`m oOZ23-07-2014, 13-09-2014, 27-11-2014 VWm23-03-2015 H$mo {H$`m J`m& {ZXoeH$m| H$m H$m°ånmoOreZ VWm{nN>br dm{f©H$ gmYmaU ~¡R>H$ g{hV {dËVr` df© Ho$ Xm¡amZ CZH$sCnpñW{V H$m {ddaU Bg n«H$ma h¡&

{ZJ_r` A{êmgZ

H§$nZr AnZo n«MmbZm| _| nmaX{e©Vm Ho$ {bE {d{^Þ Cnm`m| na H$m ©H$a ahr h¡& H§$nZr AnZr H$m ©n«Umbr {ZJ_r` A{êmgZ Ho$ Cƒ_mZH$m| na H$m © H$aVr h¡& H§$nZr Ho$ n«~§YZ H$s _mÝ`Vm h¡ {H${ZJ_r` A{êmgZ Ho$ Cƒ _mZH$m| Ho$ n[anmbZ go AmZo dmbrMwZm¡{V`m| H$m g\$bVmnyd©H$ gm_Zm {H$`m Om gH$Vm h¡&

{ZXoeH$ ~moS©>

H§$nZr A{Y{Z`_, 2013, Ymam 2 (45) Ho$ A§VJ©V B©grAmB©EbgaH$mar H§$nZr h¡ BgH$s nyar n«XËV ny§Or BgHo$ Zm{_H$m| Ho$ VrZeo a g{hV ^maV Ho$ amï´>n{V Ho$ nmg h¢&

Zm_ Am¡a pñW{V ~moS©> ~¡R>H|$ {nN>br EOrE_, AÝÀd{Y Ho$ Xm¡amZ CnpñW{V {XZm§H$ 13-09-2014 {ZXoeH${enAm`mo{OV ~¡R>H|$ _| CnpñW{V g§.

nyU©H$mbrZ H$m ©aV {ZXoeH$

lr nr. gwYmH$a, AÜ`j Ed§ n«~§Y {ZXoeH$ 4 4 hm± 1

lr {H$emoa é§JQ>m, {ZXoeH$ ({dËV) 4 4 hm± 1

lr dr.Eg.~r. ~m~w, {ZXoeH$ (H$m{_©H$) 4 4 hm± eyÝ`

J¡a - H$m ©nmbH$ {ZXoeH$

lr Ho$.E.nr. {gÝhm (16-09-2014 VH$) 2 1 hm± eyÝ`

lr Ama.E. amOrd (20-11-2014 go) 2 1 - 4

lr_Vr {Zem qgh (28-11-2014 go) 1 eyÝ` - eyÝ`

lr Ho$. OJÞmW 4 3 - eyÝ`

lr S>r. MH«$nm{U 4 eyÝ` - eyÝ`

bo.OZab {Z{VZ Hw$_ma H$mohbr 4 eyÝ` - 1

lr Eg.Eg. gw§Xa_ 4 3 - eyÝ`

nyd©H$mbrZ H$m ©aV {ZXoeH$m| Ho$ {bE nm[al{_H$ ^maV gaH$ma Ûmam{Z`V {H$`m J`m h¡& lr S>r. MH«$nm{U ñdV§Ì {ZXoeH$ h¢& CZH$mon«{V ~¡R>H$ 10,000/- én o {X`m OmVm h¡& AÝ` g^r {ZXoeH$gaH$ma/ gmd©O{ZH$ joÌ Ho$ CnH«$_m| go h¢, AV: CZH$mo n«Ë oH$~¡R>H$ _| ^mJ boZo Ho$ {bE ewëH$ Zht {X`m OmVm h¡&

~moS©> n«{H«$`mE± :

~moS©> gXñ`m| H$mo EOoÝS>m nhbo hr {dV[aV {H$`m OmVm h¡& EOoÝS>m Ho$_Xm| _| C{MV {ZU© boZo hoVw ~moS©> H$mo n¥ð> y{_ H$s {dñV¥V gyMZmXr OmVr h¡& ~moS©> H$mo n«_wI H$m ©H«$_m|/ _Xm| Am¡a Ohm± Amdí`H$hmo, {bE JE AZw_moXZm| go gy{MV H$a {X`m OmVm h¡& AÜ`j Ed§


Annexure ‘C’

Corporate Governance

The Company continues to take severalmeasures to enhance the openness andtransparency of all its operations. The Company’sbusiness philosophy appreciates the need ofupholding the highest standard of CorporateGovernance in its operations. The managementof the Company believes that strong and soundcorporate governance practices would enable itto face the challenges of sustainable growtheffectively and successfully.

Board of Directors

In terms of Sec 2(45) of the Companies Act,2013, ECIL is a Government Company. The

entire paid up capital of the Company is held bythe President of India, including the 3 shares heldby his nominees.

The Board, as at 31.03.2015, comprises of nineDirectors - three Whole-time Functional Directorsand six Part time Non-Executive Directors. TheBoard meets at regular intervals and isresponsible for the proper direction andmanagement of the Company.

During the financial year, four Board Meetingswere held on 23.07.2014, 13.09.2014,27.11.2014, and 23.03.2015. The composition ofthe Directors, their attendance at the BoardMeetings during the financial year and at the lastAnnual General Meeting is as follows:

Board Meetings Attendance No. of otherName & Position Held during Attended at last Director-

the tenure AGM held on ships13.09.2014

Whole-Time Functional Directors

Shri P SudhakarChairman & Managing Director 4 4 Yes 1

Shri Kishor RungtaDirector (Finance) 4 4 Yes 1

Shri V S B Babu, Director (Personnel) 4 4 Yes Nil

Part time Non-Executive Directors

Shri KAP Sinha (upto 16.09.2014) 2 1 Yes Nil

Shri R A Rajeev (From 20.11.2014) 2 1 - 4

Smt. Nisha Singh (from 28.11.2014) 1 Nil - Nil

Shri K Jagannath 4 3 - Nil

Shri D Chakrapani 4 Nil - Nil

Lt. Gen. Nitin Kumar Kohli 4 Nil - 1

Shri S S Sundaram 4 3 - Nil

The remuneration of the Whole-time FunctionalDirectors is fixed by the Government of India.Shri D Chakrapani is independent Directors andhas been paid sitting fees of Rs. 10,000/- permeeting. All other part-time Directors on theBoard are officials from the Government / otherPSUs and, therefore, are not paid any sitting feesfor the meetings attended.

Board procedures:The Agenda is circulated well in advance to theBoard members. The items in the Agenda arebacked by comprehensive backgroundinformation to enable the Board to takeappropriate decisions. The Board has been keptinformed of major events/items and approvalstaken wherever necessary. Chairman &

64 48dt dm{f©H$ [anmoQ>© 2014-15

n«~§Y {ZXoeH$/ {ZXoeH$ ({dËV), ~moS©> ~¡R>H$ _| H§$nZr Ho$ g§nyU©{ZînmXZ go ~moS©> H$mo AdJV aIVo h¡&

AmMma g§{hVm

AmnH$s H§$nZr Ho$ {ZXoeH$ _§S>b Zo g^r ~moS©>- gXñ`m| Am¡a H§$nZrn«~§YZ Ho$ d[að> gXñ`m| Ho$ {bE AmMma g§{hVm H$m {ZYm©aU {H$`mh¡& AmMma g§{hVm H$mo H§$nZr H$s do~gmBQ> _| nmoñQ> {H$`m J`m h¡&g^r ~moS©> gXñ`m| Am¡a d[að> n«~§YZ gXñ`m| Zo df© 2014-15 Ho$Xm¡amZ AmMma g§{hVm Ho$ AZwnmbZ H$m ñdrH$aU {H$`m h¡&

~moS©> H$s {ZåZ{b{IV Cn g{_{V`m± h¢…1. g§{dXm Am¡a H«$` na ~moS©> Cn g{_{V&2. nm[al{_H$ na ~moS©> Cn g{_{V3. {ZJ_r` gm_m{OH$ {Oå_oXmar Am¡a g§YmaU na ~moS©> Cn- g{_{V4. boImnarjm g{_{V

boImnarjm g{_{V

31 _mM©, 2015 H$mo lr Eg.Eg. gw§Xa_, lr S>r. MH«$nm{U Ed§lr Ho$. OJÞmW H$mo gpå_{bV H$aHo$ boImnarjm g{_{V H$m JR>Z{H$`m J`m& lr Eg.Eg. gw§Xa_ g{_{V Ho$ AÜ`j Wo, {ZXoeH$({dËV), {ZXoeH$ (VH$ZrH$s) Ed§ gm§{d{YH$ boIm narjH$ ~¡R>H$ _|{deof ê$n go Am_§{ÌV h¢& Am§V[aH$ boImnarjm Ho$ n«_wI H$mo ^r{dMma- {d_e© Ho$ {bE Am_§{ÌV {H$`m OmVm h¡& boImnarjm g{_{VHo$ gXñ` AZw dr h¢ VWm n[a`moOZm {dÎm, boIm Am¡a {ZJ_r`{d{Y H$m gå`H$ kmZ aIVo h¢&

df© Ho$ Xm¡amZ, 4 (Mma) ~¡R>H$m| H$m 22 OwbmB©, 2014, 13 {gV§~a,2014, 27 Zd§~a, 2014 Am¡a 23 _mM©, 2015 H$mo Am`moOZ {H$`mJ`m& boImnarjm g{_{V H$m JR>Z Am¡a {dËVr` df© Ho$ Xm¡amZCZH$s CnpñW{V Bg n«H$ma h¡:

Zm_ Am¡a pñW{V boImnarjm g{_{V ~¡R>H$H$m`m©d{Y Ho$ Xm¡amZ Am`mo{OV ~¡R>H|$ CnpñW{V

lr Eg.Eg. gw§Xa_ 4 3

lr S>r. MH«$nm{U 4 1

lr Ho$.E.nr. {gÝhm (16-09-2014 go) 2 2

lr Ho$. OJÞmW (27-11-2014 go) 2 2

boImnarjm g{_{V boIm§H$Z _mZH$m|, boImnarjm H$m ©H«$_m| Am¡aAm§V[aH$ boImnarjm [anmoQ©> Ho$ H$m`m©Ýd`Z H$s g_rjm H$aVr h¡&g{_{V Zo gm§{d{YH$ boIm narjH$m| Ho$ gmW dm{f©H$ {dËVr` {ddaUna {dMma- {d_e© {H$`m Vm{H$ {dËVr` A{^boIm| Ho$ aI- aImdVWm bmJV boIm§H$Z {Z`_mdbr Ho$ A§VJ©V Am¡a gwYma bm`m OmgHo$& boIm narjm g{_{V Ho$ {Z~§YZ Ho$ g§X © A{Y{Z`_ 2013H$s Ymam 177 H§$nZr Am¡a S>rnrB© {Xem {ZX}em| Ho$ AZwgma h¡&

nm[al{_H$ g{_{V~moS©> Zo 23 OwbmB©, 2014 H$mo Am`mo{OV 258dt ~¡R>H$ Am¡a {\$a27 Zd§~a, 2014 H$mo Am`mo{OV 260dt ~¡R>H$ _| nm[al{_H$ g{_{VH$m JR>Z {H$`m J`m& nm[al{_H$ g{_{V Ho$ g§{dYmZ Ho$ {Xem-

{ZX}em| H$mo g§emo{YV H$aZo Ho$ {bE {ZåZ gXñ`m| H$s g{_{V H$mJR>Z {H$`m J`m…

1. lr Eg.Eg. gw§Xa_ AÜ`j

2. lr S>r. MH«$nm{U gXñ`

3. lr Ho$. OJÞmW gXñ`

g{_{V Zo {dËVr` df© 2014-15 Ho$ Xm¡amZ eyÝ` ~¡R>H$ H$m Am`moOZ{H$`m J`m&

AÜ`j Ed§ n«~§Y {ZXoeH$ VWm AÝ` {ZXoeH$m| H$mo {X`m J`mnm[al{_H$ Bg n«H$ma h¡ :


Managing Director/ Director (F), at the BoardMeetings, keep the Board apprised of the overallperformance of the Company.

Code of ConductThe Board of Directors of your Company has laiddown a Code of Conduct for all Board Membersand Senior Management of the company. TheCode of Conduct has been posted on thecompany’s website www.ecil.co.in. All the Boardmembers and the Senior Management personnelhave affirmed compliance with the Code ofconduct during the year 2014-15.

The following are the Sub Committees of theBoard:1. Board Sub Committee on Contract and

Purchase2. Board Sub Committee on remuneration3. Board Sub Committee of CSR4. Audit Committee

Audit CommitteeAs on 31st March, 2015, the Audit Committeeconsisted of Shri S S Sundaram, Shri DChakrapani and Shri K. Jagannath. Shri S SSundaram was the Chairman of the Committee.Director (F), Director (T) and the StatutoryAuditors were the special invitees for all themeetings. The Head of the Internal AuditDepartment has also been invited forparticipation in discussions. The members of theAudit Committee are experienced and have a fairknowledge of project finance, accounts andcorporate law.

During the year, 4 (four) meetings were held on22nd July, 2014, 13th September, 2014, 27thNovember, 2014 and 23rd March, 2015. Thecomposit ion of the Audit Committee andtheir attendance during the financial year is asfollows:

Name & Position Audit Committee Meetings

Held during the tenure Attended

Shri S S Sundaram 4 3

Shri D Chakrapani 4 1

Shri K A P Sinha (from 16.09.2014) 2 2

Shri K Jagannath (from 27.11.2014) 2 2

The Audit Committee reviewed theimplementation of the Accounting Standards,Audit Programmes and Internal Audit Reports.The Committee perused the Annual FinancialStatements and interacted with the StatutoryAuditors for improvement in the systems formaintaining financial records as well as the dataunder Cost Accounting Record Rules. The termsof reference of the Audit Committee are in linewith Section 177 of the Companies Act, 2013 andDPE Guidelines.

Remuneration CommitteeThe Board at its 258th Meeting held on 23rd July,2014 and again at its 260th Meeting held on 27thNovember, 2014 has reconstituted the

Remuneration Committee with the followingmembers taking into consideration the revisedguidelines on constitution of the RemunerationCommittee:

1. Shri S S Sundaram Chairman

2. Shri D Chakrapani Member

3. Shri K Jagannath Member

The Committee had Nil meeting during thefinancial year 2014-15.

Details of remuneration paid to the Chairman &Managing Director and other Directors are givenbelow:

66 48dt dm{f©H$ [anmoQ>© 2014-15

H«$.$ {ZXoeH$ H$m Zm_ {ZXoeH$m| H$mo {X`m J`mg_ñV nm[al{_H$

(én`m| _|)1. lr nr. gwYmH$a, 29,04,092/-

AÜ`j Ed§ n«~§Y {ZXoeH$

2. lr {H$emoa é§JQ>m, 26,16,976/-{ZXoeH$ ({dÎm)

3. lr dr.Eg.~r. ~m~w, 26,02,826/-{ZXoeH$ (H$m{_©H$)

{ZJ_r` n«~§YZ g{_{V

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{ZXoeH$m| H$m gwn[a{MVrH$aU Ed§ narjU H$m ©H«$_

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n«H$Q>rH$aU :

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2. g§~§Yr nmQ>u H$mo boZ-XoZ Omo EEg 18 Ho$ AZwgma {H$`m J`mh¡ CgH$mo ZmoQ> _| Xem© m J`m h¡ VWm df© 2014-15 Ho$ {bEH§$nZr Ho$ dm{f©H$ boIm _| ^r BgH$m C„oI h¡& Bg n«H$ma Ho$boZ-XoZ H$mo boImnarjm g{_{V Ho$ g_j n«ñVwV {H$`m J`mWm&

3. {dJV VrZ dfm] _| Eogm H$moB© r _m_bm Zht Am`m h¡ Ohm§ naOmar {H$E JE _mJ©Xe©Z H$m AZwnmbZ Zht {H$`m J`m hmoAm¡a H§$nZr na {H$gr ^r _m_bo _| {H$gr gm§{d{YH$ n«m{YH$maÛmam H$moB© X§S>/ Adjon Zht bJm`m J`m Wm&

4. H§$nZr Zo grnrEgB© Ho$ {bE {ZJ_r` A{êmgZ Ho$ {Xem-{ZX}em| H$m g§H$bZ {H$`m h¡& `h na_mUw D$Om© {d^mJ ÛmambmoH$ CÚ_ {d^mJ Ho$ {Xem-{ZX}em| Ho$ AZwê$n Omar {H$`mJ`m h¡, VWm nD${d H$mo {V_mhr [anmoQ©> oOr OmVr h¡&

5. B©grAmB©Eb _| Omo{I_ n«~§YZ `hm§ Ho$ n«~§YZ n«Umbr H$mEH$ A§J h¡& `h g§ajm Ho$ gVV²> {Xem-{ZX}em| na AmYm[aVh¡& Omo{I_ n«~§YZ H$s Zr{V`m| H$mo {ZJ_r` A{êmgZ Ho${Xem {ZX}em| Ho$ AZwgma bmJy {H$`m OmVm h¡&

6. AnZo ì`mnma `m KQ>ZmAm| go gmnoj ê$n g§~§{YV, AnZoH$_©Mm[a`m|/nyd© H$_©Mm[a`m| Ho$ H$ë`mU hoVw ì``, AnZo {ZJ_r`gm_m{OH$ Xm{`Ëdm| H$mo H$aZo Ho$ A{V[aŠV, ì`` H$m H$moB© _XboIm ~wH$ go {X`m J`m h¡&

7 {ZXoeH$ _§S>b Am¡a n«_wI n«~§YZ hoVw {H$`m J`m ì`` H§$nZrHo$ {Z`_m| Ho$ A§VJ©V AZw_m{ZV doVZ, ^ËV|, AZwbpãY`m|,bpãY`m| Am¡a ~¡R>H$ ewëH$ H$s n«H¥${V _| AmVm h¡& H$moB© ^rAÝ` ì``, Omo n«mH¥${VH$ ê$n go ì`pŠVJV h¡, {ZXoeH$ _§S>bAm¡a n«_wI n«~§YZ Ho$ {bE ì`` {H$`m J`m Wm&

8. {dËVr` df© 2014-15 hoVw n«emg{ZH$ Am¡a H$m`m©b`r ì``{nN>bo df© 4.87% H$s VwbZm _| Hw$b ì`` H$m 4.60% h¡&

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Sl Name of Director All elements ofNo remuneration of

Directors (in `.)

1. Shri P Sudhakar, 29,04,092/-C&MD

2. Shri Kishor Rungta, 26,16,976/-Director (F)

3. Shri V S B Babu, 26,02,826/-Director (P)

Corporate Management CommitteeThe Corporate Management Committee is a highlevel policy making body at the Corporate levelwhich is headed by the Chairman & ManagingDirector. The Committee consists of al lFunctional Directors, Executive Directors,General Managers and Heads of Divisions. TheCommittee meets regularly and deliberates uponthe major policy issues including performanceof the Company. The President and GeneralSecretary of ECS&WU and President andSecretary of ECOA are the special invitees.

Familiarisation & TrainingProgrammes of DirectorsAt the time of induction of a new Director, awelcome letter is addressed to him along withdetails of business profile of the Company.Relevant Disclosures are taken from the Directorand the management of the Companyfamiliarises the new Director about the Company,its operations, various policies and processes ofthe Company, various divisions of the Companyand their role and responsibi l i t ies, thegovernance and internal control processes andother relevant important information concerningthe Company. Directors are also regularlyencouraged and sponsored for attendingimportant training programmes relating to Boardrelated practices and orientation programmesetc. conducted by various institutes of repute.

Disclosures:1. During the year, there is no transaction of

material nature with the Directors or theirrelatives or the Management that hadpotential conflict with the interest of theCompany.

2. A statement of related party transactionsduring the year as per AS 18 is given inNotes forming part of Annual Accounts of theCompany for the year 2014-15. Details ofthese transactions were also placed beforethe Audit Committee meeting.

3. There were no instances on non-complianceon any matter related to any guidelinesissued by the Government during the lastthree years and no penalties / strictures wereimposed on the Company by any StatutoryAuthority on any matter.

4. In ECIL, risk management is a part ofmanagement system based on safetyconscious approach. A policy on riskmanagement is being implemented inaccordance with the Guidelines onCorporate Governance.

5. The Company being PSU, Central VigilanceCommission Guidelines are applicable,which provide adequate safeguard againstvictimization of employees. No person hasbeen denied access to the Audit Committee.

6. No items of expenditure, other than thosedirectly related to its business or incidentalthereto, those spent towards the welfare ofits employees / ex-employees, towardsfulfilling its Corporate Social Responsibility,were debited in books of accounts.

7. Expenses incurred for the Board of Directorsand Top Management are in the nature ofsalaries, allowances, perquisites, benefitsand sitting fees as permissible under therules of the Company. No other expenses,which are personal in nature, were incurredfor the Board of Directors and TopManagement.

8. Administrative and office expenses for thefinancial year 2014-15 is 4.60% of the totalexpenses as compared to 4.87% of previousyear.

Presidential Directives and GuidelinesThe Company has been fol lowing thePresidential Directives and guidelines issued bythe Govt. of India from time to time regardingreservation for SCs, STs and OBCs in letter and

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spirit. Officials dealing with the subject wereprovided necessary training to enable them toupdate their knowledge on the subject andperform their job effectively.

ECIL has implemented the Presidential Directiveissued by the Government of India regardingimplementation of Executives Pay Revisioneffective from 1st Jan, 2007.

Means of Communications1. The company displays the Accounts and

other relevant information including thoserequired under the Right to information Acton its website www.ecil.co.in.

2. Matters of interest to employees arecirculated internally in the form of notices,office orders and instructions.

General Shareholders InformationECIL is not listed at any Stock Exchange in Indiaor abroad. The entire share capital of theCompany is held by the President of India andher nominees.

General Body MeetingsThe details the last three Annual General Meetingof the Company are given below:

Year Date Time Venue

2012-13 27.08.2012 1200 hours Registered Office,2013-14 25.09.2013 1400 hours ECIL Post office,2014-15 13.09.2014 14.30 hours Hyderabad- 500062

No special resolution was passed in any of the last three Annual General meeting.

Postal BallotAt the ensuing Annual General Meeting, there isno resolution proposed to be passed by PostalBallot. However, the Company will extend thefacility of voting by postal ballot, as and whendecisions of shareholders will be sought. (onmatters of critical nature and notified by theGovernment of India)

Annual General Meeting48th Annual General Meeting for the financialyear 2014-15 will be held on 16th September,2015 at Registered Office of the Company atHyderabad

Whistle Blower policyWith a view to establish a mechanism for theemployees to report to the Management abouttheir concerns regarding unethical behavior andthe cases of actual or suspected fraud, violationof Company’s general guidelines on Conduct and

Ethics, the Company implemented the WhistleBlower Policy. The Policy ensures that adequatesafeguards are provided to the genuine WhistleBlower against victimization.

ComplianceThe Company has complied with the Guidelineson Corporate Governance for CPSEs issued bythe Department of Public Enterprises,Government of India. The Company is alsosubmitting quarterly compliance report regularlyto the Department of Atomic Energy, Governmentof India. The certificate received from theCompany Secretary in Practice on compliancewith the DPE Guidelines is enclosed with thisreport.

The DPE guidelines on Corporate Governancefor CPSEs provide that the CPSEs would begraded on the basis of their compliance with theguidelines. DPE has graded ECIL as “Excellent”for the year 2013-14.



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Annexure - ‘D’

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é. 5,157.12 bmI

é. 103.14 bmI

é. 70.65 bmI

é. 103.14 bmI

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S. Item descriptionNo

1 A brief outline of the company’s CSR policy,including overview of projects or programsproposed to be undertaken and a reference tothe web-link to the CSR policy and projects orprograms.

2 The Composition of the CSR Committee.

3 Average net profit of the company for last threefinancial years

4 Prescribed CSR Expenditure (two per cent ofthe amount as in item 3 above)

5a) Details of CSR spent during the financial year

a) Total amount to be spent for the financial year

b) Amount unspent, if any

c) Manner in which the amount spent during thefinancial year detailed below

Annexure ‘G’Annual Report on CSR Activities for the year 2014-15

Information

ECIL is committed towards holistic welfare of theSociety by undertaking CSR activities within the ambitof Schedule-VII of the Companies Act 2013,Companies (CSR Policy) Rules 2014 and theGuidelines on CSR issued by DPE, Govt. of India.Out of the thrust areas mentioned in the Schedule-VII of the Companies Act 2013, priority will be givento under privileged, neglected and weaker section ofthe Society.

The Company shall give preference to the local areasfor spending at least 75% of the amount earmarkedfor CSR activities. The remaining amount will beutilized beyond local areas. At least 75% of the newproposals (i.e. CSR Proposals approved for the firsttime on or after 01.04.2014) shall be taken up inProject mode. The provisions of the Companies Act,2013 and CSR Rules made thereafter shall haveoverriding effect vis-à-vis the provisions of this Policy.

The First Level Committee on CSR shall ensuremonitoring, co-ordination and supervision of all theProjects/activities of CSR during its implementation.

Sh. D Chakrapani, Independent Director, ChairmanSh. Kishor Rungta, Director (Finance)Sh. VSB Babu, Director (Personnel)

` 5,157.12 Lakhs

` 103.14 Lakhs

` 70.65 Lakhs

` 103.14 Lakhs

` 32.49 Lakhs

As given in the Annexure.

74 48dt dm{f©H$ [anmoQ>© 2014-15

S. Item descriptionNo

Information

6 In case the company has failed to spend thetwo per cent of the average net profit of thelast three financial years or any part thereof,the company shall provide the reasons for notspending the amount in its Board report.

7 A responsibi l i ty statement of the CSRCommittee that the implementation andmonitoring of CSR policy, is in compliance withCSR objectives and Policy of the company.

The Company has incurred nearly 70% of allocatedamount during the year. However, the remainingamount to the extent of 30% could not be incurreddue to longer gestation of projects involving activitieslike construction of rooms & toilets etc., where thepermission to construct from the local authorities takeslong period. All these jobs are expected to becompleted before Sep. 2015.

The CSR Committee has been taking proper care inimplementation and monitoring of CSR activities, isin compliance with CSR objectives and Policy of thecompany.

Sd/ Sd/ Sd/Chairman & Managing Director Chairman, CSR Committee Director (Personnel)



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ECIL has signed an MoU with BDL for addressing the upcoming major Defence programmes

C&MD, ECIL explaining about the Environment Radiation Monitors at DAE’sPublic Outreach Programme held at the National Institute Technology (NIT), Warangal

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Annexure ‘H’Management Discussion and Analysis

Industry Structure and DevelopmentsThe year gone by was marked by a slowdown inglobal growth with emerging markets like Chinawitnessing a sharp fall in growth. The domesticmarket was characterized by improved sentimentafter the general elections and resulted in a slightincrease in GDP growth, moderate inflation andreduced volatility on the exchange rate front. Thebusiness confidence improved in the first half ofthe year but has been dipping since then due tothe implementation measures falling short of thehigh expectations. However, the Government’semphasis on “Make in India” is likely to open upnew opportunities and improve the businessprospects for the future.

The operating environment during the yearcontinued to be challenging with the marketcharacterized by a slowdown, increasedcompetition, slow decision making by customersand deferring of procurements due to spendingrestrictions during the latter half of the financialyear 2014-15.

Despite the turnover of your company comingdown in relation to the previous year, it may stillbe considered satisfactory in view of the difficulteconomic situation. The continued emphasis oncost reduction has however enabled thecompany to maintain the profit level at aroundthe same figure.

SWOT Analysis

Strengths

• Multi-disciplinary core competency coveringmechanical, electrical, electronics, RF,controls, communications, computers, IT, e-governance areas – all in one campus

• Valuable legacy of indigenous productdevelopment

• Close linkages with BARC and other R&Dcentres of DAE, DRDO and ISRO

• Durability and long-term support

• Joint development with technology partnersfor complementary technologies

• Excellent infrastructure and manufacturingfacilities

• Systems and procedures suitable for themost stringent requirements

• Skilled manpower with excellent domainknowledge

Weaknesses

• Own product base has dwindled

• One-of-kind, R&D intensive projects withlong cycle times

• No captive product or reserved market

• Delay in collection of sundry debts fromGovt. customers

• Lack of pro-active marketing and productdevelopment

• Overdependence on a few markets (nuclear,defence and security)

• Long product development cycles leading tolarge lead time to market

• Low value addition in system integrationprojects which form bulk of the turnover

• Inability to attract and retain top talent

Opportunities

• Growth in Indian Nuclear Power Program

• Growth in Missile Programs such as Akash,BrahMos and EW Sytems

• Growth in defence up gradation programmes

• Growth in homeland security business

• Growth in Information Security business

• Access to latest technologies developed inlaboratories of DAE, MoD and DoS

• Growing defence budget allocation

78 48dt dm{f©H$ [anmoQ>© 2014-15

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MwZm¡{V`m±

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2015-16 Ho$ {bE n[aí`

H§$nZr H$m {dídmg h¡ {H$ 2015-16 _| 1800 H$amo‹S> én o H$m Q>Z©Amoda n«má H$a {b`m OmEJm& `Ú{n Bg g_` AmS©>a ~wH$ H$spñW{V H$m\$s AÀN>r h¡& bo{H$Z AZoH$ Eogo _hËdnyU© Adga h¡ OmoQ>Z© Amoda _| ~hþV AÀN>m n« md S>mb|Jo& Bg_| g~go AÀNo> Adga^maVr` {Zdm©MZ Am`moJ Ûmam n«ñVm{dV nwamZo BboŠQ´>m{ZH$ _VXmZ_erZm| H$mo {ZañV H$a Am_ MwZmd 2019 hoVw ZdrZV_ _erZm| H$sIarX, g§Mma ao{S>`mo, O¡_g©, 700MW {~Obr g§`§Ì Ho$ {bEZm{^H$s` CnH$aUrH$aU, {X„r nw{bg Ho$ {bE \o$g-IV H$s EH$sH¥$Vgwajm n«Umbr, gr~rAmaEZ n«moQo>ŠeZ n«Umbr, BboŠQ´>m{ZH$ â yOAm¡a EànmoQ©>g Ho$ {bE {d{H$aU g§gyMH$& H§$nZr H$mo {dídmg h¡ BZAdgam| H$mo AmS©>a _| ~XbZo go Z Ho$db Bg df© Q>Z©Amoda n«máhmoJm, ~pëH$ AmZo dmbo dfm] Ho$ Q>Z©Amoda _| ^r _hËdnyU© `moJXmZhmoJm&

joÌdma {ZînmXZ Am¡a n[aX¥í`

Zm{^H$s`

H§$nZr Ho$ Zm{^H$s` ì`mnma Ho$ {Z §ÌU Am¡a CnH$aUrH$aU n«Umbr,{g_wboQ>g©, Zm{^H$s` Am¡a {d{H$aU CnH$aU Am¡a Zm{^H$s` {~Obrg§ §Ìm| Ho$ {bE _mZrQ>[a¨J n«Umbr AmVr h¡& BgHo$ A§VJ©V nyar BªYZgmBH$b, A`ñH$ n«{d{Y, BªYZ \¡${~«Ho$eZ, ñnoÝQ> â yb [an«m°goqgJ,nyU© Zm{^H$s` BªYZ MH«$ A`ñH$ n«{H«$`m Ho$ Abmdm W_©b D$Om©

g§ §Ì Am¡a n«{d{Y CÚmoJ Am¡a g§ §Ìm| H$m doñQ> B_mo~mbmBOoeZ ^rAmVm h¡& `h gh`moJ Zm{^H$s` g§ §Ìm| Vmnr` {~Obr g§ §Ìm| Am¡an«m°gog B§S>ñQ´>rO Ho$ {bE ^r {Z §ÌU Am¡a CnH$aUrH$aU H$aVm h¡&2014-15 _| Bg joÌ Zo é. 258 H$amo‹S> H$m Q>Z©Amoda {X`m OmoH§$nZr Ho$ Hw$b Q>Z©Amoda H$m 20% h¡& _w»` `moJXmZ CnH$aU Am¡a{Z §ÌU n«Umbr go EQ>rdr n[a`moOZm, {d{H$aU g§gyMH$ CnH$aU Ho$gh`moJ Am¡a Zm{^H$s` goJ_oÝQ> hoVw n[aí` H$_ Adgam| Ed§ Ý yZAm°S©>a ~wH$ Ho$ H$maU Bg df© ~§X hmoZo H$s g§ mdZm h¡& n«ê$n VoOn«OZH$ [aEŠQ>a Am¡a 700MW Cƒ Xmdr Ob [aEŠQ>a n[a`moOZm goAm`m h¡&

ajm

H§$nZr H$s ajm ì`dgm` Ho$ A§VJ©V g§Mma AmgyMZm n«Umbr,{d{dY {_gmBb H$m ©H«$_ hoVw gr4AmB© (C4I) n«Umbr, BboŠQ´>m{ZH$H$ë`mU n«Umbr Am¡a Vmonm| Ho$ {bE BboŠQ´>m{ZH$ â yOoO AmVr h¡&df© 2014-15 _| H§$nZr Ho$ Q>Z©Amoda H$m 25% _| 320 H$amo‹S> én oH$m `moJXmZ Bg joÌ H$m ahm& {Og_| _w»` `moJXmZ g¡{ZH$ ao{S>`moAm¡a {_gmBb hoVw gr4AmB© (C4I) n«Umbr H$m h¡&

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• Government’s emphasis on indigenousdevelopment and manufacture

Threats

• Opening up Nuclear C&I segment tocompetition

• Non-level playing field in defence sector

• Rapid technological obsolescence

• Difficulty in sourcing few critical technologies

Outlook for 2015-16

The company is confident of meeting its turnovertarget of ` 1800 crores for 2015-16 despite theorder book position not being robust enough asthere are several promising opportunities whichhave the potential to contribute significantly tothis year’s turnover. The major opportunitiesinclude the Election Commission of India’sproposal to phase out the old EVMs and procurethe latest machines for the 2019 generalelections, Communication Radios, Jammers,Nuclear Instrumentation for 700MW powerplants, Phase IV of the Integrated SecuritySystem for Delhi Police, CBRN Protectionsystem, Electronic Fuzes and RadiationDetection Equipment for Airports. The companybelieves that the materialization of theseopportunities into orders would not only enablethe company to meet its turnover target for thisyear but also contribute significantly to targetingand achieving a much higher turnover in the nextyear.

Segment –wise performance andoutlook

Nuclear

The nuclear business of the company comprisesof control and instrumentation systems,simulators, nuclear and radiation instruments andmonitoring systems for nuclear power plants,thermal power plants and process industriesapart from the complete nuclear fuel cycleencompassing ore processing, fuel fabrication,spent fuel reprocessing and wasteimmobilization. During the year 2014-15, this

segment posted a turnover of ` 258 crorescontributing 20% of the company’s net turnover.The major contributions have come frominstrumentation and control systems for 700MWPHWR nuclear power plants and ATV project,radiation detection equipment, control and Theoutlook for the nuclear segment is expected tobe muted this year due to low order book andfew opportunities which are likely to matureduring the course of the year.

Defence

The defence business of the company spanscommunication and communication intelligencesystems, C4I systems for missile programs,electronic warfare systems and universalelectronic fuzes for artillery. In the year 2014-15, this sector contributed ` 320 crores forming25% of the company’s turnover with majorcontributions coming from military radios and C4Isystems for missile programmes.

The Defence Procurement Policy (DPP)advocating greater participation to privatecompanies and the enthusiastic response fromthe global defence manufacturers to meet thedefence requirements present challenges to theexisting suppliers including your company.However, the recent success in winning the fuzeorder has opened up further opportunities in thefuze business. Similarly, new opportunities arecoming up in the C4I systems. Therefore, theoutlook for this segment is likely to be positive inthe near future and the segment is expected toincrease its share in the overall business of thecompany in the near future.

Security

The security business suite of your companycomprises of the integrated security system forphysical and perimeter protection, includingvideo-surveillance, access control and jammers,and the information security suite comprising ofECR series Carrier Ethernet Switch routers,Secure Network Access Systems, IntegratedThreat Management Appliance andMPROGICON series Programmable LogicControllers.

80 48dt dm{f©H$ [anmoQ>© 2014-15

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AmnH$s H§$nZr Zo ì`mnma Ho$ AmH$ma Am¡a n«H¥${V Ho$ AZwê$n Am§V[aH${Z §ÌU Ho$ n«Umbr H$mo g»Vr go ñWm{nV {H$`m h¡& Am§V[aH$ {Z §ÌUgm§{d{YH$ Amdí`H$VmAm| Ho$ gmW h¡ Am¡a AZm{YH¥$V n« moJ H$moamoH$Zo Am¡a {ZnQ>mZ hoVw n[ag§npËV`m| Ho$ gwajm hoVw A{^H$pënV h¡&{Z`§ÌU H$m`©{d{Y _| XñVmdoOr, Zr{V Ed§ n«{H«$`mE± Am§V[aH$boImnarjm Ed§ n«~§YZ g_rjm g{Þ{hV h¡& Am§V[aH$ {Z §ÌU H$moBg n«H$ma {S>OmBZ {H$`m J`m h¡ {H$ g^r A{^boI, {dËVr` VWm


The homeland security business added ` 118crores to the company’s turnover in 2014-15. Themajor contributors have been the integratedvideo surveil lance systems and jammingequipment.

The outlook for security business has becomechallenging and there are causes for concern asseveral projects have failed to take off. Despitethis, the segment is expected to maintain itsshare in the company’s turnover during 2015-16.

In the information security space, themPROGICON PLC is making inroads into thenuclear and aerospace sectors. The leads for theECR routers and Secure Network AccessSystems are not getting translated into ordersdespite intensive efforts. The company continuesto be hopeful that these products wouldcontribute their due share to the company’sturnover in the years to come.

Aerospace

The major products of the company catering tothe aerospace segment include earth station andother antennas, cockpit voice recorders andelectromechanical sub-systems like gyros,synchros and actuators. In the year gone by, thecompany has successfully completed the prooftesting of the MACE telescope which is nowbeing installed at Hanle. The outlook for thissegment is uncertain in the short run but isexpected to improve due to increase inrequirements of antennas, cockpit voicerecorders and actuators for unmanned aerialvehicles.

e-Governance

The e-Governance suite of your companyincludes products like the Electronic VotingMachines (EVM), Voter Verifiable Paper AuditTrail (VVPAT) printers. The solutions suiteencompass computerisation of operations inareas involving the interaction of the commonpublic with the Government such as sales taxadministration, motor vehicle licensing andintegrated check posts. In addit ion, yourcompany is a member of the consortium

implementing the National PopulationRegister(NPR) and Socio-Economic CasteCensus (SECC) projects. The e-Governancesegment generated ` 433 crores which forms42% of the company’s turnover in 2014-15 withthe multi post multi vote Electronic VotingMachines contributing a major share. TheElection Commission of India’s proposal to phaseout the old EVMs and procure the latestmachines for the 2019 general elections willprovide substantial business for the next 3-4years. The outlook for the EVMs will continue tobe bright while the other products may see adecline.

Risks and concerns

Apart from the regular business risks inherent inany business, there are certain risks specific tostrategic electronics industry in India. Thegovernment and its agencies are the exclusivecustomers for the nuclear, defence, aerospaceand e-Governance segments. Concernsregarding inflationary trends not only affectavailability of credit but also increase interestexpense. They also lead to deferment ofprocurements by the government organisations.Unexpected delays and cost overruns due todelays in execution of projects where multipleagencies are involved constitute an on-going riskas do the delays in release of payments by thecustomers.

The depreciation of the rupee with respect tomajor currencies like the dollar is likely to be amajor risk as it increases the cost of importswithout a concomitant increase in the sellingprice which will have an adverse impact onprofitability.

Inflation and interest rate changes are othercauses for concern.

Internal control systems and their adequacy

Your company has a robust system of internalcontrols in place which are commensurate withthe size and nature of the business. The internalcontrols are in l ine with the statutoryrequirements and are designed to safeguard theassets against loss from unauthorized use or

82 48dt dm{f©H$ [anmoQ>© 2014-15

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disposal and ensure recording and reporting ofall transactions. The control framework includesdocumented policies and procedures, internalaudits and management review. The internalcontrols are designed to ensure that all records,financial or otherwise, are reliable for preparingfinancial information and accountability of assets.

Apart from the monitoring mechanisms institutedinternally, an auditing firm has also beenappointed to conduct internal audit of thecompany’s operations as per the audit planapproved by the Audit Committee. This auditingfirm presents its observations to the AuditCommittee which is chaired by an independentdirector. The internal auditors providereassurance to the affirmations given by themanagement regarding the adequacy andeffectiveness of the control systems. Thestatutory auditors, as well as the internal auditors,also review the IT systems for the effectivenessof the controls. These observations are reviewedits Audit Committee.

Regular systems audits, including process andtransaction audits are performed on the basis ofan annual audit plan which covers all high riskand critical areas at least once in a year. Theareas covered by the annual audit plan include

material procurement, inventory management,operations review and contract management.

Cautionary Statement

The statements made in this managementdiscussion and analysis describing thecompany’s projections, estimates andexpectations may be considered as “forwardlooking statements” that involve risks anduncertainties. The Company undertakes noobligation to publicly update or revise anyforward-looking statements, whether because ofnew information, future events or otherwise.Actual results, performances and achievementscould differ materially from those expressed orimplied in such forward looking statements.Readers are cautioned not to place unduereliance on these forward-looking statements thatspeak only as of their date. The foregoingdiscussion and analysis should be read inconjunction with the Company's f inancialstatements included in this report and the notesthereto The important developments that couldaffect the company’s operations includesignificant developments in the political andeconomic environment in the country, rise in inputcosts, exchange rate and interest ratefluctuations, environment standards, tax lawsand labour relations.



84 48dt dm{f©H$ [anmoQ>© 2014-15

(én o bmIm| _|)

ã`m¡am ZmoQ> g§. 31 _mM©, 2015 31 _mM©, 2014

I. B©pŠdQ>r Ed§ Xo VmE±(1) eo aYm[a`m| H$s {Z{Y`m±

(E) eo a ny±Or 2 16,337.12 16,337.12(~r) Ama{jV Am¡a A{Yeof 3 55,049.43 71,386.55 51,833.05 68,170.17(gr) eo a dmaoÊQ> Ho$ VhV Ðì` - -

(2) eo a ApßbHo$eZ Ðì` b§{~V A~§Q>Z - -

(3) An«M{bV Xo VmE±(E) XrK© H$mbrZ F$U - -(~r) AmñW{JV H$a Xo VmE± ({Zdb) - -(gr) AÝ` XrK©H$mbrZ Xo VmE± 4 32,432.76 17,581.88(S>r) Aën H$mbrZ n«mdYmZ 5 5,398.85 37,831.61 4,137.57 21,719.45

(4) Mmby Xo VmE±(E) Aën H$mbrZ F$U 6 35,398.83 26,760.19(~r) ì`mnma Xo VmE± 7 44,247.47 46,667.73(gr) AÝ` Mmby Xo VmE± 8 45,308.03 60,219.82(S>r) Aën H$mbrZ n«mdYmZ 9 6,618.60 131,572.93 6,947.91 140,595.65

Hw$b 240,791.09 230,485.27

II. n[ag§npËV`m±(1) An«M{bV n[ag§npËV`m±

(E) AMb n[ag§npËV`m± :(i) _yV©-n[ag§npËV`m± 10E 12,499.15 14,190.88(ii) A_yV© n[ag§npËV`m± 10~r 616.00 924.00(iii) ny±OrJV Mmby H$m © 11 878.71 555.58(iv) {dH$mgmYrZ A_yV© n[ag§npËV`m± 12 926.75 14,920.61 926.75 16,597.21(~r) An«M{bV {Zdoe 13 164.64 164.64(gr)AmñV{JV H$a n[ag§npËV`m± ({Zdb) 14 6,361.80 4,620.10(S>r) XrK©H$mbrZ F$U Ed§ A{J«_ 15 3,689.07 3,516.54(B©) AÝ` An«dmhr n[ag§npËV`m± 16 46,191.10 23,945.02

(2) Mmby n[ag§npËV`m±(E) Mmby {Zdoe - -(~r) _mbgyMr 17 17,142.41 16,494.86(gr) ì`mnma n«mß` 18 91,460.68 115,274.99(S>r) ZH$X Am¡a ~¢H$ emImE± 19 27,873.73 27,708.34(B©) Aën H$mbrZ F$U Ed§ A{J«_ 20 18,795.97 16,162.80(E\$) AÝ` Mmby n[ag§npËV`m± 21 14,191.08 169,463.87 6,000.77 181,641.76

Hw$b 240,791.09 230,485.27

III. [dÎmr` [ddaU H$m ZmoQ> ~ZmZo H$m ^mJ 1-36

BboŠQ´>m{ZŠg H$manmoaoeZ Am\$ B§{S>`m {b{_Qo>S>31 _mM©, 2015 H$mo pñWV VwbZ-nÌ

h_mar g_-{XZm§{H$V g§b¾ [anmoQ©> Ho$ AZwê$nH¥$Vo Ed§ ~moS©> H$s Amoa go H¥$Vo C_m_hoída amd EÊS> H§$nZr

MmQ©>[aV boImH$maE\$AmaEZ 004453S

hñVm/-nr gwYmH$a {H$emoa é§JQ>m O` ^JdmZ e_m© nm©Q>Za : grE. Or H$moQo>ída amd

AÜ`j Ed§ n«~§Y {ZXoeH$ {ZXoeH$ ({dÎm) H§$nZr g{Md E_.g§. : 226795

ñWmZ: _w§~B©{XZm§H$ : 29-07-2015


(` in Lakhs)

Particulars Note No. As at As at31st March, 2015 31st March, 2014

I. EQUITY AND LIABILITIES(1) Shareholders' Funds

(a) Share Capital 2 16,337.12 16,337.12(b) Reserves and Surplus 3 55,049.43 71,386.55 51,833.05 68,170.17(c) Money received against share warrants - -

(2) Share application money pending allotment - -

(3) Non-Current Liabilities(a) Long-term borrowings - -(b) Deferred tax liabilities(net) - -(c) Other Long term liabilities 4 32,432.76 17,581.88(d) Long-term provisions 5 5,398.85 37,831.61 4,137.57 21,719.45

(4) Current Liabilities(a) Short-term borrowings 6 35,398.83 26,760.19(b) Trade Payables 7 44,247.47 46,667.73(c) Other Current Liabilities 8 45,308.03 60,219.82(d) Short-term provisions 9 6,618.60 131,572.93 6,947.91 140,595.65

Total 240,791.09 230,485.27

II. ASSETS(1) Non-Current Assets

(a) Fixed Assets :(i) Tangible Assets 10A 12,499.15 14,190.88(ii) Intangible Assets 10B 616.00 924.00(iii) Capital Work-in-Progress 11 878.71 555.58(iv) Intangible Assets under Development 12 926.75 14,920.61 926.75 16,597.21(b) Non-Current Investments 13 164.64 164.64(c) Deferred Tax Assets(net) 14 6,361.80 4,620.10(d) Long-term Loans and Advances 15 3,689.07 3,516.54(e) Other Non-Current Assets 16 46,191.10 23,945.02

(2) Current Assets(a) Current Investments - -(b) Inventories 17 17,142.41 16,494.86(c) Trade Receivables 18 91,460.68 115,274.99(d) Cash and Bank Balances 19 27,873.73 27,708.34(e) Short-term Loans and Advances 20 18,795.97 16,162.80(f) Other current assets 21 14,191.08 169,463.87 6,000.77 181,641.76

Total 240,791.09 230,485.27

III. Notes forming part of the Financial Statements 1-36

Electronics Corporation of India LimitedBalance Sheet as at 31st March, 2015

As per our report of even date attachedFor and on behalf of the Board For UMAMAHESWARA RAO & CO.

Chartered Accountants,FRN 004453S

P SUDHAKAR KISHOR RUNGTA JAI BHAGWAN SHARMA Partner :Chairman & Managing Director Director (Finance) Company Secretary CA. G. KOTESWARA RAO

M.No. : 226795Place: MumbaiDate: 29.07.2015

86 48dt dm{f©H$ [anmoQ>© 2014-15

(én o bmIm| _|)

ã`m¡am ZmoQ> g§. 31 _mM©, 2015 31 _mM©, 2014H$mo g_má df© hoVw H$mo g_má df© hoVw

I g§{H«$`mAm| go n«má amOñd (gH$b)CËnmXm| H$s {~H«$s 91,987.32 94,172.20godmAm| H$s {~H«$s 39,996.63 131,983.95 51,445.45 145,617.65

KQ>m |: CËnmX ewëH$ 5,504.47 6,574.79

g§{H«$`mAm| go n«má amOñd ({Zdb) 126,479.48 139,042.86AÝ` àMmbZ amOñd 22 4.71 2.07

àMmbZm| go amOñd 126,484.19 139,044.93

II AÝ` Am` 23 4,318.49 3,426.77

III Hw$b amOñd (I+II) 130,802.68 142,471.70

IV ì``:Cn wŠV gm_J«r H$m Xa 24 70,538.48 75,351.57V¡ ma _mb, "{dn' Ed§ V¡ ma _mb H$s _mbgy{M`m| _| n[adV©Z 25 (499.19) 1,648.09H$_©Mmar {hVbm^ ì`` 26 34,023.04 34,439.29{dËV bmJV 27 3,558.76 4,608.46_yë`ömg Ed§ F$U_wpŠV ì`` 2,604.20 1,923.54AÝ` ì`` 28 12,497.28 14,006.97{ZJ_r` gm_m{OH$ Xm{`Ëd na ì``(ZmoQ> 35 H$m g§X © bo§) 29 70.65 -

Hw$b ì`` 122,793.22 131,977.92

nydm©d{YH$ _Xm| go nhbo Am` 8,009.46 10,493.78

KQ>m o§: nyd© Ad{Y _X (Am`/ì``) 30 (1093.97) (1525.25)

V AndmXmË_H$ Ed§ {d{eï> _Xm| VWm H$a go nhbo bm^(III-IV) 6,915.49 8,968.53

VI AndmXmË_H$ _X| : bm^ / (ì``) 31 (364.10) (2135.82)

VII AndmXmË_H$ Ed§ {d{eï> _Xm| VWm H$a go nhbo bm^ (V-VI) 6,551.39 6,832.71

VIII KQ>m o§: {d{eï> _X| - -

IX H$a go nhbo bm^ (VII-VIII) 6,551.39 6,832.71

X H$a ì``:(1) Mmby df© H$a 2,923.00 3,332.00(2) Ý yZV_ d¡H$pënH$ H$a F$U nmÌVm - (80.43)(3) AmñW{JV H$a (1,436.08) (1707.46)(4) {nN>bo df© hoVw 46.70 1,533.62 549.45 2,093.56

XI Ad{Y go gVV²> g§{H«$`mAm| go bm^ (IX-X) 5,017.77 4,739.15

XII Ag§VV g§{H«$`mAm| go bm^ - -

XIII Ag§VV g§{H«$`mAm| go H$a ì`` - -

XIV Ag§VV g§{H«$`mAm| go bm^ (H$a Ho$ ~mX) - -

XV Ad{Y _| bm^ (XI+XIV) 5,017.77 4,739.15

XVI n«Ë oH$ eo a na H$_mB©: é. é.(1) _yb 307.14 290.08(2) nVbm 307.14 290.08

XVII [dÎmr` [ddaU H$m ZmoQ> ~ZmZo H$m ^mJ 1-36

BboŠQ´>m{ZŠg H$manmoaoeZ Am\$ B§{S>`m {b{_Qo>S>31 _mM©, 2015 VH$ H$m bm^ VWm hm{Z boIm





ñWmZ: _w§~B©{XZm§H$ : 29-07-2015


(` in Lakhs)

Particulars Note No. For the year ended For the year ended31st March, 2015 31st March, 2014

I Revenue from operations (Gross)Sale of Products 91,987.32 94,172.20Sale of Services 39,996.63 131,983.95 51,445.45 145,617.65

Less : Excise duty 5,504.47 6,574.79

Revenue from operations (Net) 126,479.48 139,042.86Other Operating Revenues 22 4.71 2.07

Revenue from Operations 126,484.19 139,044.93

II Other Income 23 4,318.49 3,426.77

III Total Revenue (I+II) 130,802.68 142,471.70

IV Expenses:Cost of Materials Consumed 24 70,538.48 75,351.57Changes in inventories of finished goods,wip and traded goods 25 (499.19) 1,648.09Employee Benefits Expense 26 34,023.04 34,439.29Finance Costs 27 3,558.76 4,608.46Depreciation and Amortization Expense 2,604.20 1,923.54Other Expenses 28 12,497.28 14,006.97Expenditure on Corporate Social Responsibility(Refer Note 35) 29 70.65 -

Total Expenses 122,793.22 131,977.92

Profit Before Prior Period items 8,009.46 10,493.78

Less : Prior Period Items : Income/(Expenses) 30 (1093.97) (1525.25)

V Profit before exceptional and extraordinaryitems and tax (III-IV) 6,915.49 8,968.53

VI Exceptional Items : Income / (Expenditure) 31 (364.10) (2135.82)

VII Profit before extraordinary items and tax (V-VI) 6,551.39 6,832.71

VIII Less: Extraordinary Items - -

IX Profit before tax (VII-VIII) 6,551.39 6,832.71

X Tax Expense:(1) Current Year Tax 2,923.00 3,332.00(2) Minimum Alternate Tax Credit Entitlement - (80.43)(3) Deferred Tax (1,436.08) (1707.46)(4) For Earlier Years 46.70 1,533.62 549.45 2,093.56

XI Profit for the period from continuing operations (IX-X) 5,017.77 4,739.15

XII Profit from discontinuing operations - -

XIII Tax expense of discontinuing operations - -

XIV Profit from discontinuing operations - -(after tax) (XII-XIII)

XV Profit for the period (XI+XIV) 5,017.77 4,739.15

XVI Earnings per equity share: Rs. Rs.(1) Basic 307.14 290.08(2) Diluted 307.14 290.08

XVII Notes forming part of the Financial Statements 1-36

Electronics Corporation of India LimitedStatement of Profit & Loss for the year ended 31st March, 2015





88 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> H$mo g_má df©g§. 31 _mM©, 2015 31 _mM©, 2014

E. n«MmbZ J{V{d[Y`m| go ZH$X n«dmhH$a go nhbo {Zdb bm^/ (hm{Z) Ed§ AgmYmaU _X| 6,551.39 6,832.71Ho$ {bE g_m`moOZ:

_yë`õmg 2,604.20 1,923.54ã`mO ì`` 3,558.76 4,608.46n«má bm^m§e (44.10) (36.75)Aënmd{Y O_m agrXm| na n«má ã`mO (2,315.68) (2,438.79){ZJ_r` gm_m{OH$ Xm{`Ëd {H«$`mH$bmnm| na ì`` 70.65 -pñWa n[ag§npËV`m| na amBQ> Am°\$ 0.66 10.44

Mmby ny±Or n[adV©Zm| go nyd© n«MmbZ bm^ 10,425.88 10,899.61_mbgy{M`m| _| d¥{Õ/ H$_r (1,212.35) (323.52)\w$Q>H$a XoZXmam| _| d¥{Õ/ H$_r (3,016.39) (13,095.85)F$Um| Ed§ A{J«_m| _| d¥{Õ/H$_r (6,081.02) 1,203.90AÝ` Mmby n[ag§npËV`m| _| d¥{Õ/ H$_r (3,018.69) 12,275.19Mmby Xo VmAm| _| d¥{Õ/ H$_r (3,324.53) 3,525.83n«mdYmZm| _| d¥{Õ/ H$_r 833.05 382.16

n[aMmbZm| go CËnÞ ZH$X (5,394.06) 14,867.32wŠV n«Ë`j H$a - (180.00)

grEgAma J{V{d{Y`m| na ì`` (70.65) (74.65)n«má AZwXmZ 3,000.01 26.42AZwXmZ Cn`mo{JVm (2,165.49) (2,596.52)

AgmYmaU _Xm| go nyd© ZH$X n«dmh (4,630.19) 12,042.57AgmYmaU _X| - -n«MmbZ J{V{d{Y`m| go ZH$X n«dmh (4,630.19) 12,042.57

~r. {Zdoe J{V{d{Y`m| go ZH$X n«dmh{Z`V n[ag§n{Îm`m| H$s IarX {é. 195.19 bmI H$m AZwXmZ g{hV (1,198.67) (4,201.93)({dJV df© é. 341.07 bmI )}_mJ©ñW pñWa n[ag§npËV Ed§ ny±OrJV Mmby H$m © (323.13) 1,392.31{dH$mg Ho$ AV§J©V A_yV© n[ag§npËV`m§ - (926.75)n«má ã`mμO 2,293.49 1,267.79n«má bm^m§e 44.10 36.75

{Zdoe J{V{d{Y`m| go {Zdb ZH$X 815.79 (2,431.83)

gr. {dÎmr` J{V{d{Y`m| go ZH$X n«dmh~¢H$m| Ho$ gmd{YH$ F$U go Am` 8,638.64 (8,239.81)ã`mO ì`` (3,549.92) (4,849.30)wŠV bm^m§e (947.84) (647.00)wŠV bm^m§e H$a (161.09) (109.96)

{dÎmr` J{V{d{Y`m| _| Cn wŠV {Zdb ZH$X 3,979.79 (13,846.07)

ZH$X Ed§ ZH$X Vwë` _| {Zdb d¥{Õ 165.39 (4,235.33)ZH$X Ed§ ZH$X Vwë` (AW eof) 19 27,708.34 31,943.67ZH$X Ed§ ZH$X Vwë` (A§V eof) 19 27,873.73 27,708.34

S>r. [dÎmr` [ddaU H$m ZmoQ> ~ZmZo H$m ^mJ 1-36ZmoQ>:1. ã`mO, bm^m§e, {Z`V AmpñV`m| H$m H«$` Ed§ {~H«$s VWm H$am| H$mo N>mo‹S>H$a Omo ZH$X Ho$ dmñV{dH$ MbZ Ho$ AmYma na {dMma {H$E JE h¢, n[ag§npËV`m| Ed§

Xo VmAm| _| g§~§{YV g_m`moOZ Ho$ gmW An«Ë`j nÕ{V Ho$ A§VJ©V Cn w©ŠV {ddaU V¡ ma {H$`m J`m h¡&2. {ZJ_r` gm_m{OH$ Xm{`Ëd ì`` na ZmoQ> 29 Ed§ 35 XoIoŸ&

BboŠQ´>m{ZŠg H$manmoaoeZ Am\$ B§{S>`m {b{_Qo>S>31 _mM©, 2015 H$mo g_má df© H$s "ZH$X n«dmh {ddaU'





ñWmZ: _w§~B©{XZm§H$ : 29-07-2015

(én o bmIm| _|)


Note For the year ended onNo.

31st March, 2015 31st March, 2014

A. CASH FLOW FROM OPERATING ACTIVITIESNET PROFIT/(LOSS) BEFORE TAX & EXTRAORDINARY ITEMS 6,551.39 6,832.71Adjustments for :

Depreciation 2,604.20 1,923.54Interest expense 3,558.76 4,608.46Dividends received (44.10) (36.75)Interest received on Short Term Deposit Receipts (2,315.68) (2,438.79)Expenditure on Corporate Social Responsibility Activities 70.65 -Write off of Fixed Assets 0.66 10.44

Operating profit before Working Capital changes 10,425.88 10,899.61Increase/Decrease in Inventories (1,212.35) (323.52)Increase/Decrease in Sundry debtors (3,016.39) (13,095.85)Increase/Decrease in Loans and advances (6,081.02) 1,203.90Increase/Decrease in Other Current Assets (3,018.69) 12,275.19Increase/Decrease in Current liabilities (3,324.53) 3,525.83Increase/Decrease in Provisions 833.05 382.16

Cash generated from operations (5,394.06) 14,867.32Direct taxes paid - (180.00)Expenditure on Corporate Social Responsibility Activities (70.65) (74.65)Grants received 3,000.01 26.42Grants utilisation (2,165.49) (2,596.52)

Cash flow before extraordinary items (4,630.19) 12,042.57Extraordinary items - -Net cash from operating activities (4,630.19) 12,042.57

B. CASH FLOW FROM INVESTING ACTIVITIESPurchase of fixed assets { including from grant `. 195.19 lakhs (1,198.67) (4,201.93)(previous year `.341.07 Lakhs) }Fixed assets in transit and capital work in progress (323.13) 1,392.31Intangible Assets under development - (926.75)Interest received 2,293.49 1,267.79Dividend received 44.10 36.75

Net cash from investing activities 815.79 (2,431.83)

C. CASH FLOW FROM FINANCING ACTIVITIESProceeds from term loan from Banks 8,638.64 (8,239.81)Interest expense (3,549.92) (4,849.30)Dividend paid (947.84) (647.00)Dividend tax paid (161.09) (109.96)

Net cash used in financing activities 3,979.79 (13,846.07)

Net increase in cash and cash equivalents 165.39 (4,235.33)Cash and cash equivalents (Opening Balance) 19 27,708.34 31,943.67Cash and cash equivalents (Closing Balance) 19 27,873.73 27,708.34

D. Notes forming part of the Financial Statements 1-36

Note:1 The above statement has been prepared under indirect method except in case of interest, dividend, purchase and sale of

investments, Fixed assets and Taxes which have been considered on the basis of actual movement of cash, withcorresponding adjustments in Assets and Liabilities.

2 Refer Note no. 29 & 35 on Corporate Social Responsibility Expenditure.

Electronics Corporation of India LimitedCash Flow Statement for the year ended 31st March, 2015 (` In Lakhs)





90 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ>-1 : _hËdnyU© boIm§H$Z Zr{V`m±

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gr. amOñd _mÝ`Vm:(i) {~H«$s _| CËnmX ewëH$ em{_b Am¡a {~H«$s H$a/ _yë` g§d{Y©VH$a (d¡Q> H$a) Ed§ godm H$a And{O©V, Am¡a amOñd H$mon«moX² >dZ Ho$ AmYma na AÝ` ~mVm| Ho$ gmW {ZåZ{b{IV_m_bm| _| _mÝ`Vm Xr JB© h¢:

E) E\$AmoAma bú` Ho$ _m_bm| _|, amOñd H$s _mÝ`Vm{S>ñn¡M Ho$ g_`, `{X boIm Ad{Y _| hr _mb AnZoJ§Vì` ñWmZ _| nhþ±MZo H$s g§ mdZm hmo Vmo H$s OmEJr&

~r) nyd© H$m ©, E\$AmoQ>r H$m ©, E\$AmoAma H$m © Am{X Ho$_m_bm| _| amOñd H$s _mÝ`Vm _mb H$mo IarXXma H$mon«gaU hoVw dmhH$ H$mo hñVm§V[aV H$aZo na H$s OmEJr&

gr) Amny{V© Ed§ godmAm| go Ow‹S>r g^r g§ wŠV g§{dXmAm|Ohm± md {df`H$ ã`m¡am CnbãY h¡, Amny{V© go g§~§{YVamOñd H$s _mÝ`Vm Xr OmVr h¡, O~ _mb {~Zm eV©J«mhH$m| H$mo Amny{V© {H$`m OmVm h¡ Am¡a godmAm| Ho$g_mnZ Ho$ AmYma na Am` H$mo _mÝ`Vm Xr OmVr h¡&Ohm± ^md {df`H$ ã`m¡am CnbãY Z hmo dhm± amOñd H$s_mÝ`Vm g§{dXm _yë` Ho$ AZwgma {~Zm eV© n«XmZ H$sJBª godmAm| Ed§ Amny{V© m| Ho$ {bE AZw_m{ZV Ho$ AmYmana Xr OmEJr&

>S>r) _w»` XemAm|/ ñdrH$m ©VmAm|/ nmd{V`m| H$s g_m{áHo$ gmnoj n«XmZ H$s JB© godmAm|/ gmâQ>do a go g§~§{YV

31.03.2015 H$mo g_mßV df© Ho$ {dÎmr` {ddaU Ho$ ZmoQ

amOñd H$s, Ohm± n«Ë oH$ {gñQ>_/ n¡Ho$O Ho$ {bE g§{dXm_| ^md {df`H$ ã`m¡am CnbãY h¡: VH$ZrH$s AZw_mZHo$ AmYma na _mÝ`Vm Xr OmVr h¡, Ohm± ^md {df`H$ã`m¡am CnbãY Zht h¡&

B©) {~H«$s ^md na A§{V_ {ZU© boZm b§{~V ahZo na,g§ m{dV _yë` Ho$ AmYma na amOñd H$s _mÝ`Vm XrOmVr h¡&

(ii) "~m±È> ñQo>mg©' H$mo joÌ- narjU hoVw b§{~V ahZo H$mo ñWmZm§V[aV(ajm Ho$ {bE) H$aZo na n«má amOñd H$s _mÝ`Vm Xr OmVr&

(iii) g§{dXm _| n«mdYmZ `{X hmo Vmo, J«mhH$ Ho$ nyd© {ZarjU Ed§ñdrH¥${V nyU© hmoZo na, J«mhH$ Ho$ AZwamoY na H§$nZr Ho$ {hamgV_| gwa{jV aIo _mb na ^r amOñd H$s _mÝ`Vm Xr OmVr h¡&

(iv) O{Q>b CnñH$a/ n«Um{b`m| Ho$ Q>Z©H$s/ g_J« g§{dXmAm| Ho$_m_bo _|, Ohm± n[any{V© H$mb gm_mÝ`Vm: 12 _hrZm| goÁ`mXm h¡, n«Ë`m{eV KmQo> Ho$ {bE n«mdYmZ Ho$ AYrZ, g§{dXmHo$ Hw$b AZw_m{ZV bmJV Ho$ {bE [anmo{Qª>J VmarI VH$ dmñV{dVg§{dXm bmJV H$s n«{VeVVm Ho$ AmYma na {Z{_©V "g_mnZn«{VeV' {d{Y Ho$ AmYma na amOñd H$s _mÝ`Vm (H$a Ed§ewëH$ H$mo N>mo‹S> H$a) Xr OmVr h¡&

S>r. Am±V[aH$ ny±OrH$aU Ed§ A§Va-dJ© A§VaU:

i) Am±V[aH$ Cn`moJ Ho$ {bE {d{Z{_©V CnñH$am| H$mo bmJV ny±OrH¥$V{H$`m J`m h¡&

ii) B§Q>a Ed§ B§Q´>m g_yh A§VaU A§JrH¥$V A§VaU _yë` Ho$ AmYmana {H$`m OmVm h¡& `Ú{n, df© Ho$ A§V _| _mbgyMr Ho$ ê$n _|{dÚ_mZ BZ _Xm| Ho$ An« wŠV _mb H$mo CZHo$ bmJV `mEZAmadr Ho$ AmYma na, Omo H$m_ hmo, _yë`m§{H$V {H$E OmVoh¡&

B©. _mbgyMr

I) H$ƒr gm_{J« m±, ÊS>ma VWm A{V[aŠV nwO} Ed§ g§KQ>H$ bmJVna (grB©EZ/d¡Q>/d¡Q> H$s {Zdb) "^ma Am¡gV bmJV' gyÌ `mEZAmadr, Omo ^r H$_ hmo, Ho$ AmYma na _yë`m§{H$V {H$EOmVo h¢& _mbgyMr Omo JV VrZ df© go AMb h¡ Am¡a {OZH$sAmdí`H$Vm ^{dî` _| Zht h¡, Ho$ {bE {deof n«mdYmZ {H$`mJ`m h¡: AÝ` _mbgy{M`m| (3 df© go ^r H$_) Ho$ _m_bm| _|


A. BASIS OF ACCOUNTING:The financial statements are prepared andpresented under the historical cost convention,in accordance with Generally AcceptedAccounting Principles in India (IGAAP) and theprovisions of the Companies Act, 2013.

B. USE OF ESTIMATES:The preparation of financial statementsrequires estimates and assumptions (includingrevisions, if any) that affect the reportedamount of assets and liabilities on the date offinancial statements and the reported amountof revenues and expenses during the reportingperiod. Differences between the actual resultsand estimates are recognized in the period inwhich the results are known / materialized.

C. RECOGNITION OF REVENUE:(i) Sales include Excise Duty and exclude Sales

Tax / Value Added Tax and Service Tax andrevenue is recognized on accrual basis inter-alia in the following cases :

a) In case of FOR destination cases,Revenue is recognized on dispatch ifthere is reasonable expectation of thegoods reaching the destination within theaccounting period.

b) In case of Ex-works, FOT Works, FORWorks etc. contracts, revenue isrecognized when the goods are handedover to the carrier for transmission to thebuyer.

c) In respect of composite contractsinvolving supply and services where pricebreakup is available, revenue in respectof supplies are recognized when goodsare del ivered to customersunconditionally and service income isrecognized based on completion ofservices. And where price breakup is notavailable, revenue is recognized as percontract value duly providing for serviceson estimated basis for the supplies madeunconditionally.

Notes to the financial statements for the year ended 31.03.2015

Note 1: Significant Accounting Policies

d) Revenue is recognized in respect ofservices / software against completion ofmilestones / acceptance /acknowledgement, where breakup valuesfor each system / package are availablein contract or based on technicalestimates where such break up valuesare not available.

e) If the sale price is pending finalization,revenue is recognized on the basis ofprice expected to be realized.

(ii) Revenue is recognized on transfer of items(for Defence) to the bonded stores awaitingfield-testings.

(iii) Revenue is recognized on completion ofcustomer’s prior inspection and acceptance incase the contract so provides, even if thegoods are retained in the custody of theCompany at the request of the customer.

(iv) In case of turnkey / composite contracts ofcomplex equipment / systems, where thenormal cycle time for completion is more than12 months, subject to provision of anticipatedlosses, revenue is recognized (excluding taxesand duties) based on percentage completionmethod based on the percentage of actualcontract cost incurred upto the reporting dateto the total estimated cost of the contract.

D. INTERNAL CAPITALISATION AND INTER-GROUP TRANSFERS:

i) Equipment manufactured for internal use iscapitalized at cost.

ii) Inter and Intra group transfers are made atagreed transfer price. However, unutilizedstock of such items at the year end lying asinventory is valued at Cost or NRV whicheveris lower.

E. INVENTORY:I) Raw materials, stores and spares and

components are valued at cost (net ofCENVAT/VAT) by using weighted average cost

92 48dt dm{f©H$ [anmoQ>© 2014-15

n«mdYmZ CZ na H$s JB© VH$ZrH$s _yë`m§H$Z Ho$ AmYma na{X`m J`m h¡&

II) {d{^Þ CËnmX/ n[a`moOZmAm| H$s Mmby H$m © H$mo "\¡$ŠQ>arbmJV' `m "EZAmadr' Omo ^r H$_ hmo na _yë`m§{H$V {H$`mOmVm h¡ Am¡a `h _yë`m§H$Z n«J{V ñVa H$s X¥{ï> go {H$E JEVH$ZrH$s AZw_mZ na AmYm[aV h¡&

III) V¡ ma _mbm| H$mo "\¡$ŠQ>ar bmJV' `m "{Zdb dgybr `mo½`_yë`', Omo ^r H$_ hmo, Ho$ AZwgma _yë`m§{H$V {H$`m OmVm h¡&

IV) {Zdb dgybr `mo½` _yë`' Ho$ AZwgma "ñH«¡$n' H$m _yë`m§H$Z{H$`m OmVm h¡&

E\$. ñWm`r n[ag§npËV`m± Ed§ n[ag§npËV`m| H$m _yë`õmg:

i) E) ñWm`r n[ag§npËV`m| H$m C„oI g³d¡Q>/ d¡Q> H$s {ZdbEo{Vhm{gH$ bmJV Ho$ A§VJ©V {H$`m J`m h¡, `{X hmoVmo&

~r) grYr aoIm nÕ{V Ho$ AmYma na Ad_yë`Z n« m[aV{H$`m OmVm h¡& df© Ho$ Xm¡amZ {H$E JE n[adY©Z/{dbmonZm| Ho$ {bE "_m{gH$ `WmZwnmV' Ho$ AmYma naAd_yë`Z n« m[aV {H$`m OmVm h¡& H§$nZr Ûmam AnZm`rJB© _yë`h«mg Xg H§$nZr A{Y{Z`_, 1956 H$sAZwgyMr- Ho$ AZwgma h¡, {g\©$ {ZåZ{b{IV _m_bm|H$mo N>mo‹S>H$a:

(i) Ohm± n[ag§npËV H$s bmJV é.10,000/- `m CggoH$_ h¡ (01-04-2003 Ho$ ~mX A{YJ«hU {H$E JEn[ag§npÎm`m| Ho$ {bE) dhm± _yë`õmg ZoQ> ãbm°H$ _|n«{VYm[aV bmJV é.1/- H$s 100% Vwë` _yë` h¡&

(ii) H§$ß yQ>a {ejU n« mJ Ûmam A{YJ¥hrV H§$ß yQ>am| Ed§^m‹So> na oOo JE m n«Xe©Z Ho$ {bE oOo JE m \¡$ŠQ>arHo$ ~mha n« moJ Ho$ {bE oOo JE H§$ß yQ>am| na 50% H$sXa go _yë`h«mg {H$`m OmVm h¡&

(iii) BboŠQ´>m{ZH$ {d{Z_m©U godm n« mJ Ûmam (i) g§ §Ì Ed§_erZar Ed§ (ii) BboŠQ>m{ZH$ narjU Ed§ _mnU CnñH$aHo$ erf©H$m| Ho$ A§VJ©V A{YJ¥{hV n[ag§npËV`m| na50% H$s Xa go _yë`õmg {H$`m OmVo h¢&

(iv) g§aMZmE±, BaoŠeÝg, JmoXm_m|, {dÚwV n«{Vð>mnZm| Ed§n[a`moOZm ñWb/gmB©Q> na AÝ` g_mZ g{H«$`Vm H$m ©na _yë`õmg CZHo$ g§{dXm Ad{Y Ho$ AZwê$n {H$EOmVo h¡&

(v) EZnrAma Ed§ EgB©grgr n[a`moOZm H$mo nyam H$aZo Ho${bE A{YJ¥{hV "S>mQ>m n«mogoqgJ CnñH$am| na 50% H$sXa go _yë`h«mg {H$`m OmVm h¡&

ii) n[ag§npËV`m| H$s hm{Z: n«Ë oH$ VwbZ nÌ VmarI Ho$ A§V _|n[ag§npËV`m| H$s dhZ am{e _| `h g_rjm H$s OmVr h¡ {H$dh {H$gr n«H$ma H$s hm{Z H$mo B§{JV H$aVm h¡ {H$ Zht& `{X"AZw_m{ZV dgybr `mo½` am{e' CgH$s "dhZ am{e' go H$_nmB© JB© Vmo Cg "hm{Z' KmQ> H$mo _mÝ`Vm Xr OmVr h¡ Am¡a Cgo"dgybr `mo½` am{e' Ho$ ZrMo C{„{IV {H$`m OmVm h¡&

Or. n«r-noS> ì`` Ed§ nyd© Ad{Y ì``/ Am`:n«r-no‹S> Ed§ nyd© Ad{Y ì`` `m é. 1,00,000/- Am¡a CggoH$_ _yë` Ho$ _Xm| go n«má Am` H$mo ImVm| H$s "ZoMwab hoS>g'Ho$ A§VJ©V n« m[aV {H$E OmVo h¢&

EM. A_yV© n[ag§npËV`m±:

E) gm°âQ>do a H$s bmJV (Omo g§~§{YV H$m hmS©>do a nyU© ^mJ Zhth¡), {OgH$mo Am§V[aH$ n« moJ Ho$ H$m_ _| bm`m OmVm h¡ gmWhr CgH$m n« moJ AÝ` {deof Am{W©H$ bm^m| Ho$ {bE {H$`mOmVm h¡ CgH$mo boIm nwñVH$ _| A_yV© n[agånpÎm OmZm OmVmh¡& O~ `h n« moJ Ho$ {bE V¡ ma hmo OmEJm V~ "ñQo>Q> bmBZ'nÕ{V go VH$ZrH$s _yë`m§H$Z Ho$ AmYma na g§~§{YV df© Ho${bE BgH$mo H«${_H$ AnmH$aU {H$`m OmEJm&

Eogr A_yV© n[agånpÎm`m§, Omo A^r n« moJ Ho$ {bE V¡ ma Zhth¢ CZH$mo VwbZnÌ _| "{dH$mgmYrZ A_yV© n[agånpËV' dJuH¥$V{H$`m OmVm h¡&

~r) VH$ZrH$s OmZH$mar na {H$E JE ì`` (ewëH$, gm°âQ>do a,H$m{_©H$m| Ho$ n«{ejU Am{X) H$s amOñd H$mo ^maJ«hU Ho$AmYma na "MmO©²S> Am°\$' {H$`m J`m h¡& `Wmo{h, Q>rHo$EM_m_bm| _| ZE CËnmXm| na {H$E JE n« ma `m CZHo$ CÞ`ZhoVw {H$E OmZo dmbo ì`` H$m n[aemoYZ nm±M df© go A{YH$Am w dmbo n[a`moOZmAm| na VH$ZrH$s _yë`m§H$Z H$aZo Ho$ ~mX{H$E OmVo h¢&

AmB©. {db§~ ewëH$ Ed§ KmQ> ewëH$:g^r Am`mVm|, Mmho do ny±OrJV hmo `m AÝ`Wm, H$s {db§~ewëH$ Am¡a/ `m KmQ> ewëH$ na {H$E JE ì`` amOñd Ho$ gmW"MmO©²S> Am°\$' {H$`m J`m h¡&

Oo. {dXoer _wÐm boZ-XoZ Ed§ d¡{^Þ {d{Z`_Z:

{dXoer _wÐm _| boZ-XoZ {XZm§H$ na n«M{bV "{d{Z`_Z Xa'Ho$ AZwgma boIm§{H$V {H$`m OmVm h¡& {d{Z`_Z Xa H$s


formula or NRV whichever is lower. Inventorieswhich are non-moving for more than 3 yearsand which may not be required for further useare suitably provided and in the case ofinventories which are less than 3 years old,provision is made as assessed technically.

II) Work in Progress of products / projects isvalued at Factory Cost or NRV whichever islower and such valuation is based on technicalestimate as to the stage of progress.

III) Finished goods are valued at “factory cost” or“net realizable value” whichever is lower.

IV) Scrap is valued at “net realizable value”.

F. FIXED ASSETS & DEPRECIATION OFASSETS:

i) a) Fixed Assets are stated at historical costnet of CENVAT/VAT, if any.

b) Assets are depreciated on straight linemethod and depreciation is charged onmonthly prorata basis for the additions /deletions during the year. The useful lifeof the assets adopted are as perSchedule II to the Companies Act, 2013,except in the following cases:

(i) Where the cost of the asset is Rs.10, 000/- or below (for assets acquired after01.04.2003) depreciation is at 100% ofthe cost retaining Re.1/- in the net block.

(ii) Computer Systems acquired by CED andsystems sent on hire or for demonstrationor for use outside factory is depreciated@50%.

(iii) Assets acquired by ElectronicManufacturing Services Division underthe heads of (i) Plant and Machinery and(ii) Electronic Testing and MeasuringEquipment which are depreciated at arate of 50%.

(iv) Structures, erections, Warehouses,Electrical Installations and other similarenabling works at projects / sites aredepreciated considering the tenure of thecontracts.

(v) Data processing equipment acquired forexecution of NPR & SECC Project isdepreciated @ 50%.

ii) Impairment of Assets: As at the end of eachBalance Sheet date, the carrying amount ofassets is assessed as to whether there is anyindication of impairment. If the estimatedrecoverable amount is found less than itscarrying amount, the impairment loss isrecognized and assets are written down totheir recoverable amount.

G. PREPAID EXPENSES AND PRIOR PERIODEXPENSE / INCOME :Prepaid expenses and Prior period expenses/ income of items of Rs.1,00,000 and beloware charged to natural heads of accounts.

H. INTANGIBLE ASSETS:a) The cost of software(which is not an integral

part of the related hardware) acquired forinternal use, together with outsourced cost ofdevelopment / implementation, resulting insignif icant future economic benefi ts isrecognized as an intangible asset in the booksof accounts when the same is ready for useand will be amortized on straight line methodover a period to be specified as per thetechnical evaluations from the year the assetis put to use.

Intangible assets that are not yet ready for theirintended use as at the Balance sheet date areclassif ied as “ Intangible Assets underDevelopment”

b) Expenditure on Technical Knowhow fees,Software, Training of Personnel etc. arecharged off to revenue on incurrence.However, in case of TKH charges incurred fornew product lines or upgradations expenditureis amortised, based on technical assessmentover the life cycle of the Project not exceeding5 years.

I. DEMURRAGES AND WHARFAGES:Expenditure on demurrages and / orwharfages on all imports, whether capital orotherwise, is charged off to revenue.

J. FOREIGN CURRENCY TRANSACTIONSAND EXCHANGE VARIATIONTransactions in foreign currencies areaccounted at the exchange rate prevailing on

94 48dt dm{f©H$ [anmoQ>© 2014-15

ApñWaVm go g§ m{dV bm^/ hm{Z H$mo VËH$m{bH$ bm^ Ed§hm{Z boIm _| _mÝ`Vm Xr OmVr h¡&

df© Ho$ A§V VH$ _m¡{ÐH$ dñVwAm| Ho$ g§~§Y _| {dXoer _wÐm _|hmoZo dmbr ApñWaVmAm| H$mo bm^/ hm{Z Ho$ ê$n _| bm^ Ed§hm{Z boIm _| boIm§{H$V {H$`m J`m h¡&

Ho$. gaH$mar AZwXmZ:{d{eï> AMb n[ag§npËV`m| go g§~§{YV gaH$mar AZwXmZg§~§{YV n[ag§npËV`m| Ho$ "gH$b _yë` go K{Q>V' Ho$ ê$n _|{XIm o JE h¢ Am¡a amOñd go g§~§{YV AZwXmZm| H$mo Cg df©Ho$ "g§~§{YV ì`` ImVm| go Km{Q>V' Ho$ ê$n _| {XImVo JE h¢,{Og df© _| CŠV am{e H$m IMm© {H$`m J`m h¡&

AZwXmZ H$s eVm] _| n«mdYmZ ahZo na, nyU©ê$noU {Z{YVn[ag§npËV`m| H$mo "Zm°_}b d¡ë y' _| Xem© m J`m h¡, O~{H$Am§{eH$ ê$n go {Z{YV n[ag§npËV`m| H$mo AZwXmZ am{e H$moKQ>mZo Ho$ ~mX Xem© m J`m h¡&

Eb. AZwgÝYmZ Ed§ {dH$mg ì``:

AZwgÝYmZ Ed§ {dH$mg ì`` H$s amOñd n«H¥${V H$mo amOñd na"MmO²©S> Am°\$' {H$`m J`m h¡, `Wmo{h ny±OrJV n«H¥${V wŠVamOñd H$mo ny±OrH¥$V {H$`m J`m h¢&

E_. H$_©Mm[a`m| H$m bm^:i) H$_©Mm[a`m| H$mo Nw>Q²>Q>r ZH$XrH$aU Ho$ {bE Xo Vm Ed§ J«mÀ wQ>rHo$ {bE n«mdYmZ df© Ho$ A§V VH$ H$s ~r_m§{H$H$ _yë`m§H$Z Ho$AmYma na {H$`m J`m h¡& ~r_m§{H$H$ bm^ Ed§ hm{Z H$mo "bmÊd§ hm{Z' {ddaU _| Am` `m ì`` Ho$ ê$n _| _mÝ`Vm Xr JB©h¡&

ii) "ñd¡pÀN>H$ godm{Zd¥pËV `moOZm' (drAmaEg) Ho$ A§VJ©V H$sOmZo dmbr n«{Vny{V© H$mo amOñd na "MmO²©S> Am°\$' {H$`m J`mh¡&

EZ. CYma boZo H$s bmJV:

CYma boZo H$s bmJV H$s gmjV g§~§Y _mh Ho$ A§V VH$ny±OrH¥$V A{YJ«hU, mo½` n[ag§npËV`m| H$m {Z_m©U m CËnmXZgo h¡, {Og_| n[ag§npËV CgH$s bmJV Ho$ ^mJ Ho$ ê$n _|n« moJ H$aZo Ho$ {bE V¡ ma h¡& Ad{Y _| AÝ` CYma boZo H$sbmJV Cgr _hrZo Ho$ ì`` Ho$ ê$n _| _mÝ` {X`m OmVm h¡{Og _hrZo _| CŠV ì`` {H$`m J`m h¡&

Amo. AmñW{JV H$a:"AmñW{JV Am` H$a' VwbZ nÌ {XZm§H$ VH$ H$s g^r "Q>mB©q_J{S>\$aoÝgog' na "Xm{`Ëd {d{Y' Ho$ AmYma na n«XmZ {H$`mOmVm h¡&

"AmñW{JV Am` H$a' Ed§ Xo VmAm| H$s JUZm VwbZ nÌVmarI go ñdVÝÌê$noU A{^ZrV H$a Xa VWm H$a {d{Y Ho$AZwgma {H$`m OmVm h¡&

nr. {Zdoe:

XrKm©d{Y {Zdoe Xa na {H$E OmVo h¡& BZ {Zdoem| Ho$ _yë` _|,ApñWa H$mo N>mo‹S>H$a, KmQo> Ho$ {bE n«mdYmZ aIm J`m h¡&

Š y. brμO:

E) n[aMmbZmË_H$ brμO na Xr JB© n[ag§npËV`m| H$mo ny±OrH¥$V{H$`m J`m h¡ Am¡a Ad{Y Ho$ Xm¡amZ BZ brOm| go n«máAm` H$mo n«moX^mdZ Ho$ AmYma na "Am`' Ho$ ê$n _|_m{ZV {H$`m J`m h¡& bm^ Ed§ hm{Z boIm _| n«moØdZHo$ AmYma na "brμO' d "g~-brμO' Ho$ g§~§Y _| n«mábrμO ^m‹So> Ed§ Xo am{e H$m H$mo H«$_e: Am` Ed§ ì``Ho$ ê$n _| bm^ Ed§ hm{Z boIm _| _mÝ`Ÿ&

[dÎmr` brμO na Xr JB© n[ag§npËV`m| H$mo gm_mÝ`{~H«$s Xa/ewX²Y _yë`/ {Zdb dV©_mZ _yë` Ho$ A§VJ©V"{~H«$s' Ho$ ê$n _| _mÝ`Vm Xr JB© h¡& brO Ad{Y Ho$Xm¡amZ {dËVr` Am` H$mo _mÝ`Vm {X`m J`m h¡& "n«ma§{^H$gmjmV Xa' H$mo Cgr df© "EŠgnoÝg²S> Am°\$' {H$`mJ`m h¡ {Og df© CZH$m ì`` {H$`m J`m Wm&

Ama. n[a{ZYm©[aV ZwH$gmZ:

H§$nZr Ho$ {déÕ n[a{ZYm©[aV ZwH$gmZ g§~§Yr Xmdo H$mo _mÝ`Vmn«má amOñd n[agr_m VH$ {dMma _| {bE OmVo h¢ {gdm` CZ_m_bm| _| {OÝho n«~§YZ Xo Zht A{nVw "naH«$må` `mo½`'_mZVm h¡& VWm{n, BÝh| "AmH$pñ_H$ Xm{`Ëd' Ho$ ê$n _| _mZmOmVm h¡&

Eg. n«mdYmZ, AmH$pñ_H$ Xo`VmE± Ed§ AmH$pñ_H$n[ag§npËV`m±:

nyd© KQ>ZmAm| Ho$ n[aUm_ ñdê$n dV©_mZ Xm{`Ëd ahZo VWmAm{W©H$ g§gmYZm| H$s ~{hdm©h hmoZo H$s g§ mdZm ahZo na_mnZ H$m © _| n`m©á AZw_mZ go Ow‹So> n«mdYmZm| H$mo _mÝ`VmXr OmVr h¡& {dËVr` {ddaU _| AmH$pñ_H$ n[ag§npËV`m| H$moZ Vmo _mÝ`Vm Xr JB© h¡ Z {H$ CÝh| Xem© m J`m h¡&


the date of transactions. Gains / losses arisingout of the fluctuations in the exchange rateare recognized in the Statement of Profit &Loss in the period in which they arise.

The foreign currency fluctuations relating tomonetary i tems at the year ending areaccounted as gains / losses in the Statementof Profit & Loss.

K. GOVERNMENT GRANTS:Govt. Grants related to specific fixed assetsare shown as a deduction from the gross valueof the assets concerned and those related toRevenue are deducted from the relevantexpense accounts in the year in which theexpenditure is incurred.

Subject to the conditions of the Grants, fullyfunded assets are shown at nominal value,while partially funded assets are shown afterreduction of the grant amount.

L. RESEARCH & DEVELOPMENTEXPENDITURE:Research and development expenditure ofrevenue nature is charged off to revenue whenincurred, while of capital nature is capitalised.

M. EMPLOYEE BENEFITS:i) Provisions for gratuity and leave encashment

liability to employees are made on the basisof actuarial valuation as at the year end.Actuarial gains and losses are recognized inthe Statement of Profit and Loss as income orexpense.

ii) Compensation under VRS is charged off torevenue in the year of incurrence.

N. BORROWING COSTS:Borrowing costs directly attributable to theacquisition, construction or production ofqualifying assets are capitalised till the monthin which the asset is ready to use as part ofthe cost of that asset. Other borrowing costsare recognised as an expense in the period inwhich these are incurred.

O. DEFERRED TAXES:Deferred Income Tax is provided using theliability method on all timing differences at theBalance Sheet date.

Deferred tax assets and l iabi l i t ies aremeasured using tax rates and the tax laws thathave been substantively enacted by theBalance Sheet date.

P. INVESTMENTS:Long term investments are carried at cost.Provision is made for diminution, other thantemporary, in the value of such investments.

Q. LEASES:a) Assets given on operating lease are

capitalized and related lease income isrecognized as income, over the leaseperiod, on accrual basis. In respect oflease and sub-lease arrangement, thelease rental received and payable arerecognized as income and expenditurerespectively in the Statement of Profit &Loss on accrual basis.

b) Assets given on f inance lease arerecognized as sale at normal sale price /fair value / Net Present Value. Financeincome is recognized over the leaseperiod. Initial direct costs are expensedoff in the year of incurrence.

R. LIQUIDATED DAMAGES:Claims for liquidated damages against theCompany are considered as and whencontractually due except those which areconsidered by Management as negotiable andnot payable. However, the same are treatedas Contingent Liability.

S. PROVISIONS, CONTINGENT LIABILITIESAND CONTINGENT ASSETS:Provisions involving substantial degree ofestimation in measurement are recognizedwhen there is a present obligation as a resultof past events and it is probable that there willbe an outf low of economic resources.Contingent Liabilities are not recognized butare disclosed in the notes. Contingent Assetsare neither recognized nor disclosed in thefinancial statements.

96 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 2 : eo a ny±Or (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

n«m{YH¥$V ny±Or20,00,000 ({dJV df© 20,00,000) à{V BpŠdQ>r eo a 20,000.00 20,000.00é. 1000

Omar A{^XËV Ed§ n«XËV ny±Orn«Ë oH$ eo a- é. 1,000/- Ho$ {hgm~ go 16,33,712 (JV df© 16,33,712) 16,337.12 16,337.12BpŠdQ>r eo a; nyU© ê$n go n«XËV

Hw$b 16,337.12 16,337.12

E) df© Ho$ n«ma§ VWm A§V _| ~H$m`m BpŠdQ>r eo a H$s g§»`mH$m {_bmZ

31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

df© Ho$ n«ma§ _| ~H$m`m eo a 16,33,712 16,33,712

Omo‹So>:1 df© Ho$ Xm¡amZ "nyU© n«XËV ~moZg eo a' Ho$ ê$n _| Am~§{Q>V eo am| H$s g§»`m - -

2 df© Ho$ Xm¡amZ g§{dXm Ho$ AZwê$n "ZH$X wJVmZ' Ho$ ~J¡a "nyU© n«XËV' Ho$ ê$n _| - -

Am~§{Q>V eo am| H$s g§»`m

3 B©EgAmonr / B©EgnrAm| Ho$ AZwê$n H$_©Mm[a`m| H$mo Am~§{Q>V eo am| H$s g§»`m - -

4 "npãbH$ Bí y' Ho$ AZwgma ZH$X Ho$ {bE Am~§{Q>V eo am| H$s g§»`m - -

KQ>m`|:1 df© Ho$ Xm¡amZ dmng IarXo JE eo am| H$s g§»`m - -

df© Ho$ A§V _| ~H$m`m eo am| H$s g§»`m 16,33,712 16,33,712

~r) H§$nZr _| 5% go A{YH$ eo a aIZo dmbo eo aYmaH$m| _| go n«Ë oH$ eo aYmaH$ Ho$AYrZ {dÚ_mZ eo am| H$s g§»`m

i) eo aYmaH$ H$m Zm_ ^maV Ho$ amï´>n{V ^maV Ho$ amï´>n{V

ii) H§$nZr _| {bE JE eo am| H$s g§»`m 16,33,712 16,33,712

iii) {bE JE eo am| H$s n«{VeVVm 100% 100%

gr) g§»`m H$m Am¡gV

i. ZH$X Ho$ A{V[aŠV {dMmamW© Am~§{Q>V eo a eyÝ` eyÝ`

ii. ~moZg eo a Ho$ ê$n _| Omar Am~§{Q>V eo a eyÝ` eyÝ`

iii. [anmo{Q>ªJ {V{W go R>rH$ nm±M df© nyd© dmng bmE JE eo a eyÝ` eyÝ`


Note 2 : Share Capital (` in Lakhs)

Particulars As at 31st As at 31stMarch, 2015 March, 2014

Authorised Capital20,00,000 (Previous year 20,00,000) Equity Shares 20,000.00 20,000.00of Rs.1000 each

Issued, Subscribed & Paid-up Capital16,33,712 (Previous Year 16,33,712) Equity Shares 16,337.12 16,337.12of Rs.1000 each fully paid up

Total 16,337.12 16,337.12

A) Reconciliation of No.of Equity Shares Outstanding at theBeginning and at the end of the year:

As at 31st As at 31stMarch, 2015 March, 2014

Shares outstanding at the beginning of the year 16,33,712 16,33,712

Add :1 No.of shares allotted as fully paid up bonus shares - -

during the year

2 No.of shares allotted during the year as fully paid up - -pursuant to a contract without payment being receivedin cash

3 No.of shares allotted to employees pursuant to ESOPs/ - -ESPs

4 No.of shares allotted for cash pursuant to public issue. - -

Less :1 No.of shares bought back during the year - -

No. of Shares outstanding at the end of the year 16,33,712 16,33,712

B) No.of Shares held by each shareholder holding morethan 5% shares in the Company:

i) Name of the Shareholder President Presidentof India of India

ii) No.of shares held in the company 16,33,712 16,33,712

iii) Percentage of shares held 100% 100%

C) Aggregate number of

i. shares allotted for consideration other than cash NIL NIL

ii. shares allotted as bonus shares issued NIL NIL

iii. shares bought back NIL NILduring the period of five years immediately precedingthe reporting date

98 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 3 : Ama{jV Ed§ A{Yeof (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

(E) gm_mÝ` Ama{jVAW eof 2,650.00 2,650.00Omo‹S>|… bm^ Ed§ hm{Z {ddaU go A§VaU - -

2,650.00 2,650.00KQ>mE±… õmg H$m g_m`moOZ (593.54) 2,056.46 - 2,650.00(H§$nZr A{Y{Z`_, 2013 H$s AZwgyMr-II Ho$A§VH$m©brZ àmdYmZm| Ho$ AZwgma)

(~r) "bm^ Ed§ hm{Z boIm' {ddaU _| A{YeofAW eof 49,183.05 45,695.01OmoS|>: df© H$m bm^ 5,017.77 4,739.15

54,200.82 50,434.16

KQ>m |: {d{Z`moOZ

gm_mÝ` Ama{jV hoVw A§VaU - -

grEgAma {Z{Y H$mo ñWmZm§VaU - 142.18

bm^m§e Ho$ {bE n«mdYmZ 1,003.55 947.84

bm^m§e H$a Ho$ {bE n«mdYmZ 204.30 161.09

bm^ Ed§ hm{Z {ddaU _| {Zdb A{Yeof 52,992.97 49,183.05

Hw$b 55,049.43 51,833.05

ZmoQ> 4 : AÝ` XrK©H$mbrZ Xo VmE± (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

(E) ì`mnma XoZXm[a`m± - -

(~r) AÝ` :1) ì`` Ho$ {bE {d{dY boZXma 2,222.94 2,551.142) ny±OrJV _Xm| Ho$ {bE {d{dY boZXma 972.43 1,549.053) J«mhH$m| go {bE JE A{J«_ 21,928.00 11,099.754) O_m 357.85 196.855) brμO n[aga Ho$ {bE gwajm O_m am{e 1,069.20 1,069.206) AÝ` 5,882.34 1,115.89

Hw$b 32,432.76 17,581.88


Note 3 : Reserves and Surplus (` in Lakhs)

Particulars As at As at31st March, 2015 31st March, 2014

a General ReserveOpening Balance 2,650.00 2,650.00Add: Transfer from Statement of Profit and Loss - -

2,650.00 2,650.00Less: Adjustment of Depreciation (593.54) 2,056.46 - 2,650.00(as per Transitional Provisions of Schedule IIto Companies Act, 2013)

b Surplus in the statement of Profit and lossOpening Balance 49,183.05 45,695.01Add : Profit for the year 5,017.77 4,739.15

54,200.82 50,434.16

Less : Appropriations

Transfer to General Reserve - -

Transfer to CSR Fund - 142.18

Provision for Dividend 1,003.55 947.84

Provision for Dividend Tax 204.30 161.09

Net surplus in the Statement of Profit and loss 52,992.97 49,183.05

Total 55,049.43 51,833.05

Note 4 : Other Long - Term Liabilities (` in Lakhs)


(a) Trade Payables - -

(b) Others :1) Sundry Creditors for Expenses 2,222.94 2,551.142) Sundry Creditors for Capital items 972.43 1,549.053) Advances from customers 21,928.00 11,099.754) Deposits 357.85 196.855) Security Deposit for lease Premises 1,069.20 1,069.206) Others 5,882.34 1,115.89

Total 32,432.76 17,581.88

100 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 5 : XrK©H$mbrZ n«mdYmZ (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

(E) H$_©Mmar {hV- bm^ Ho$ {bE n«mdYmZ:Nw>Q²>Q>r ZH$XrH$aU 2,652.71 1,787.54

(~r) AÝ`dmaÊQ>r Ho$ {bE n«mdYmZ 2,746.14 2,350.03

Hw$b 5,398.85 4,137.57

ZmoQ> 6 : AënH$mbrZ F$U (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

(E) _m±J na n«{VXo F$U~¢H$m| go - -AÝ` go - -

(~r) g§~§{YV nm{Q©>`m| go F$U Am¡a A{J«_ - -

(gr) O_m - -

(S>r) AÝ` F$U Am¡a A{J«_

~¢H$m|o go:

i) ZH$Xr F$U (gwa{jV) 2,687.79 4,585.29

ii) gmd{Y O_m (gwa{jV) Ho$ gmnoj Amoda S´>mâQ> 22,711.04 22,174.90

iii) Amd{YH$ F$U (Agwa{jV) 10,000.00 -

Hw$b 35,398.83 26,760.19

ZH$Xr F$U goŠ ya {H$`m J`m E) "H§$nZr Ho$ g_ñV Mmby n[ag§npËV`m| AWm©V H§$nZr Ho$ g_ñV _mb, CËnmXZ Ed§ {d{Z_m©U (grEg Am¡a Eg),go Ag§~Õ ^ÊS>ma VWm nwOm], {~b n«mß` Ed§ ~wH$ F$U Am¡a AÝ` g_ñV Mb n[ag§npËV`m| na {Jadr' Ho$ O[aE;~r) "B©grAmB©Eb, h¡Xam~mX _| {dÚ_mZ EH$‹S> 278.05 JwÊQ>m O_rZ VWm oa©_ aoS>²>S>r nmbo_, ao{UJw§Q>m _§S>b, {MËVya {Obo _| {dÚ_mZ EH$‹S> 25.10goÝQ> O_rZ na BpŠdQ>r _mQ}>O' Ho$ O[aE&{Z~§YZ Am¡a eV] :i. ^maVr` ñQ>oQ> ~¢H$ go ZH$X CYma {b`m J`m VWm _m±J na 10.4% ã`mO na dmngr H$s OmEJrŸ&ii. ^maVr` ñQ>oQ> ~¢H$ go gmd{Y O_m Ho$ gmnoj 21224.04 bmI én o H$m Amoda S´>mâQ> {H$`m J`mŸ& n[anŠdVm na gmd{Y O_m ã`mO Xa Ho$ D$na

0.4% ã`mO na dmngr H$s OmEJrŸ&ñQ>oQ> ~¢H$ Am°\$ h¡Xam~mX go gmd{Y O_m Ho$ gmnoj 1487 bmI én o H$m Amoda S´>mâQ> {H$`m J`mŸ& n[anŠdVm na gmd{Y O_m ã`mO Ho$ D$na0.49% ã`mO na dmngr H$s OmEJrŸ&

iii. EMS>rE\$gr ~¢H$ go 90 {XZ H$s Ad{Y Ho$ {bE F$U boZo H$s {V{W go 10% à{Vdf© ã`mO H$s Xa go AënH$mbrZ F$U {b`m J`m &


Note 5 : Long - Term Provisions (` in Lakhs)


(a) Provision for Employee BenefitsLeave Encashment 2,652.71 1,787.54

(b) OthersProvision for Warranty 2,746.14 2,350.03

Total 5,398.85 4,137.57

Note 6 : Short Term Borrowings (` in Lakhs)


(a) Loans repayable on demandFrom Banks - -From Others - -

(b) Loans and advances from related parties - -

(c) Deposits - -

(d) Other loans and advances :

From Banks:

i) Cash Credit (Secured) 2,687.79 4,585.29

ii) Overdraft against Fixed Deposits (Secured) 22,711.04 22,174.90

iii) Term Loans (Unsecured) 10,000.00 -

Total 35,398.83 26,760.19

Cash Credit is secured by way of a) hypothecation of all current assets of the Company viz., stocks, stores andspares not relating to Plant &Machinery (Consumable Stores & Spares), bills receivables and book debts andall other movable assets of the Company, both present and future andb) Equitable Mortgage on the land situated at ECIL, Hyderabad to an extent of Ac278.05gnts and Ac25.10centslocated at Yerram Reddy Palem, Renigunta Mandal, Chittoor District.

Terms & Conditions :i. The Cash Credit was availed from State Bank of India and is repayable on demand carrying an interest

rate of 10.4%ii. The Overdraft of `.21224.04 lakhs against fixed deposits is from State Bank of India and is repayable on

the maturity carrying an interest rate of 0.4% above the fixed deposit interest rate.The Overdraft of `.1487 lakhs against fixed deposits is from State Bank of Hyderabad and is repayable onthe maturity carrying an interest rate of 0.49% above the fixed deposit interest rate.

iii. The short term loans are from HDFC Bank with a tenor period of 90 days from the date of availment,carrying an interest rate of 10% per annum.

102 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 7 : ì`mnma XoZXm[a`m± (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) _mb Ho$ {bE \w$Q>H$a boZXm[a`m± 44,247.47 46,667.73gyú_, bKw Ed§ _Ü`_ CÚ_m| H$mo Xoé. 3800.84 bmI(JV df© é. 3344.05 bmI)

Hw$b 44,247.47 46,667.73

ZmoQ> 8 : AÝ` Mmby Xo VmE± (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

(E) F$U na Cnm{O©V Ed§ ~H$m`m ã`mO 8.84 -

(~r) AÝ` XoZXm[a`m±

i) ì`` Ho$ {bE \w$Q>H$a boZXma 23,431.09 26,694.26

ii) gaH$mar ghm`Vm - AZwXmZ 905.53 71.00

iii) O_m 492.49 765.01

iv) J«mhH$m| go A{J«_ 14,254.86 25,006.82

v) AÝ` XoZXm[a`m± 6,215.22 45,299.19 7,682.73 60,219.82

Hw$b 45,308.03 60,219.82

ZmoQ> 9 : AënH$mbrZ n«mdYmZ (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) H$_©Mmar Ho$ {hV bm^ Ho$ {bENw>Q>²>Q>r Ho$ ZH$XrH$aU hoVw n«mdYmZ 4,595.68 4,858.05

~r) AÝ`n«ñVm{dV bm^m§e hoVw 1,003.55 947.84

n«ñVm{dV bm^m§e na H$a hoVw 204.30 161.09

dma§Q>r n« ma hoVw 815.07 2,022.92 980.93 2,089.86

Hw$b 6,618.60 6,947.91


Note 7 : Trade Payables (` in Lakhs)


a) Sundry Creditors for goods 44,247.47 46,667.73Dues to Micro, Small & Medium Enterprises` 3800.84 lakhs(Previous year ` 3344.05 lakhs)

Total 44,247.47 46,667.73

Note 8 : Other Current Liabilities (` in Lakhs)


(a) Interest accrued and due on borrowings 8.84 -

(b) Other Payables :

i) Sundry Creditors for expenses 23,431.09 26,694.26

ii) Government Grants-in-Aid 905.53 71.00

iii) Deposits 492.49 765.01

iv) Advance from Customers 14,254.86 25,006.82

v) Other payables 6,215.22 45,299.19 7,682.73 60,219.82

Total 45,308.03 60,219.82

Note 9 : Short Term Provisions (` in Lakhs)


a) For Employee BenefitsProvision for Leave Encashment 4,595.68 4,858.05

b) OthersFor Proposed Dividend 1,003.55 947.84

For Tax on proposed Dividend 204.30 161.09

For Warranty Charges 815.07 2,022.92 980.93 2,089.86

Total 6,618.60 6,947.91

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S>r) B©grAmB©Eb Zo Am±M{bH$ H$m`m©b`, _w§~B© Ho$ yVb Am¡a n«W_ Vb Ho$ 12,820 dJ© \$sQ> joÌ\$b _ogg© B§{S>`Z ao a AÏg©{b{_Qo>S>, ^maV gaH$ma Ho$ CnH«$_ H$mo 20 dfm] Ho$ {bE 14 \$adar, 2000 go n« mdr H$mo é. 1070/- df© Ho$ {H$amE Am¡a é.1069.20 bmI Ho$ ì`mO-_wŠV {gŠ`mo[aQ>r na brO na {X`m h¡&

(ii) na_mUw D$Om© {d^mJ VWm ^maV gaH$ma H$s AZw_moXZm| go A[YJ¥hrV é. 195.19 bmI _yë` H$s n[ag§npËV`m| (JV df© é.341.07) Am¡a é. 14.34 bmI (JV df© é. 50.81 bmI) _yë` H$s n[ag§npËV`m|: Hw$b é. 209.53 bmI (JV df© é.391.88 bmI) _yë` H$s n[ag§npËV`m| H$mo pñWa n[ag§npËV H$s AZwgyMr-9 _| A{V[aŠV Ed§ H$Q>m¡Vr erf©H$ Ho$ VhV Xem© mJ`m h¡& Eogo n[ag§npËV`m| Ho$ A§{H$V _yë` é. 57/- (JV df© é. 74/-) bmI) AMb g§npËV AZwgyMr g§. 9 _| `moJ Ed§KQ>md XoIm J`m h¡&

(iii) An«M{bV n[ag§npËV`m±, {OZH$s {Zdb _yë` é. 0.66 bmI (JV df© é. 10.44 bmI) h¡, H$mo gH$b ãbm°H$ go KQ>m`m J`mh¡& {XZm§H$ 31.03.2015 VH$ BZ g^r n[ag§npËV`m| H$m Hw$b gH$b _yë` é. 2050.96 bmI (JV df© é. 861.73 bmI)h¡&

(iv) é. 21.53 bmI (JV df© é. 257.47 bmI) H$s am{e df© 2014-15 Ho$ Xm¡amZ ^maVr` {Zdm©MZ Am`moJ go n«má Am°S©>a Ho${ZînmXZ hoVw é. 340.65 Am¡Omam| Ho$ bmJV Ho$ n«mnU Ho$ n[aemoYZ Ho$ {bE {Z{_©V B©drE_ Ho$ AmYma na Ad_m[ZV H$a XrJB©& eof é. 61.65 bmI (JV df© é. 83.18 bmI) B©drE_ {d{Z_m©U Ho$ AmYma na AmJm_r df© _| Ad_m[ZV H$a {XEOmE§Jo&


Note : 10 C

(i) a. The Department of Atomic Energy (DAE) vide letter no:5/10(5)/2000-PSU/Vol.III/61 dated10.01.2002 conveyed the approval of the President of India for transfer of ownership to thecompany at free of cost of the land on which the factory is located at Hyderabad admeasuring278 acres. Thereafter, “Deed of Grant” for the land admeasuring 229.01acres was issuedby DAE in accordance with President of India’s approval for transfer of ownership of landto ECIL at free of cost through letter dated 06.01.2006.The said land of 229.01acres hasbeen mutated in the name of ECIL on 19.05.2010 and necessary entries are made in the‘Record of Rights Amendment Register’ by the Revenue Authorities. The said ‘Deed ofGrant’ indicated that 31 acres and 10 guntas of land (with specified S.Nos in 223/7, 228,711&24) will be transferred in ECIL’s name as and when the said land is transferred in the nameof DAE .Thereby, ECIL is entitled to get further 17 acres 29 guntas as per the above ‘Deedof Grant’. However, ECIL is in excess possession of land in the survey nos. relating togrant of 229 acres 01 gunta, to the extent of 20 acres 300 guntas which was not allotted byDAE.

b. Conveyancing of land at Moula-ali admeasuring 2.65 acres of land which involves 2.11acres of exchange and purchase of 0.533 acres at cost of ` 1,65,103 in favour of thecompany from APIIC is yet to be completed .

c. The Department of Atomic Energy (DAE) vide letter no : 5/10(5)/2000-PSU/Vol.III/61 dated10.01.2002 conveyed the approval of the President of India for transfer of ownership ofLand admeasuring 2773.50sq. yards and Buildings (Zonal Office ) situated at Prabhadevi,Mumbai at free of cost to the company .The conveyance of the property is under process.

d. ECIL had executed Deeds of lease in favour of M/s Indian Rare Earth’s Limited, a Govt .ofIndia Undertaking, for Leasing out a part of Zonal office building at Mumbai, admeasuring12,820 Sq.Ft in Ground Floor & First Floor for a period of 20 years with effect from 14thDay of February, 2000 at an Annual Rent of ` 1070/- per annum and interest free securitydeposit of ` 1069.20 lakhs.

(ii) Assets acquired out of Grants by DAE, Government of India amounting to ` 195.19 lakhs(previous year ` 341.07 lakhs)and assets funded by BARC amounting to ` 14.34 lakhs(Previous year ` 50.81 lakhs) aggregating to ` 209.53 lakhs (previous year ` 391.88 lakhs)have been shown in additions& deductions in Fixed Assets Schedule No: 10. The nominalvalue of such Assets included in Gross Block for the year is ` 57/- (Previous year ` 74/-)

(iii) Obsolete assets having a net value of 0.66 lakhs (previous year 10.44 lakhs) are reducedfrom Gross Block. Aggregate Gross Value of all these assets as at March 31, 2015 is` 2050.96 lakhs (previous Year ` 861.73 lakhs)

(iv) An amount of ` 21.53 lakhs (previous year ` 257.47 lakhs) has been charged off based onthe EVMs manufactured during the year 2014-15 towards amortization of Tools costamounting to ` 340.65 procured for execution of order received from Election Commissionof India. The balance cost of ` 61.65 lakhs (previous year ` 83.18 lakhs) will be charged offin the forthcoming years based on EVMs manufactured.

108 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 11 : ny±OrJV Mmby - H$m ©(én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

1. ny±OrJV nmadhZ - CnñH$a 52.08 95.57

2. ny±§OrJV Mmby - H$m © 826.63 460.01

Hw$b 878.71 555.58

ZmoQ> 12 : {dH$mgmYrZ A_yV© n[agånpËV`m§(én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

1. CÚ_ g§gmYZ `moOZm AZwk{á`m± Ed§ H$m`m©Ýd`Z 926.75 926.75

Hw$b 926.75 926.75

ZmoQ> 13 : An«M{bV {Zdoe(én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

J¡a- CÕ¥V (ì`mnma H$mo N>mo‹S>H$a) - XrKm©d{Y (Xa na)

E) g§ wŠV CÚ_m| _| {Zdoe

1. _ogg© B©grAmB©Eb - a¡{nñH$m°Z _| é 10/-73.5073.50 73.50 73.50n«Ë oH$ Ho$ _yë` na nyU© ê$n go n«XËV 14,70,000 BpŠdQ>r eo a,{Og_| 7,35,000 ~moZg eo a ^r gpå_{bV

~r) BpŠdQ>r CnH$aUm| _| {Zdoe1. _ogg© Am§Y« n«Xoe J¡g nm°da

H$manmoaoeZ {b{_Qo>S>:267940 BpŠdQ>r eo a : n«Ë oH$ 10 én o26.8026.80 26.80 26.801,92,960 ~moZg eo a : n«Ë oH$ 10 én o 0.00 0.00268000 BpŠdQ>r eo a : é. 24/- n«{V eo a H$s Xa go 64.32 91.12 64.32 91.12n«Ë oH$ 10 én o

2. B©grAmB©Eb EåßbmB©O H$ÝÁ y_g© H$mo-Am°nao{Q>d gmogmB©Q>r 0.02 0.02{b{_Qo>S> _| é 10/- n«Ë oH$ Ho$ _yë` na nyU© ê$n gon«XËV 250 BpŠdQ>r eo a

Hw$b 164.64 164.64


Note 11 : Capital Work-in-Progress (` in Lakhs)


1. Capital Equipment-in-Transit 52.08 95.57

2. Capital Work-in-progress 826.63 460.01

Total 878.71 555.58

Note 12 : Intangible Assets Under Development: (` in Lakhs)


1. Enterprise Resource Planning Licenses and Implementation 926.75 926.75

Total 926.75 926.75

Note 13 : Non Current Investments (` in Lakhs)


Unquoted (Other Than Trade) - Long Term (At Cost)

A) Investment in Joint Venture

1. 14,70,000 equity shares inclusive of Bonus 73.50 73.50shares of 7,35,000 ` 10/- each fully paid upin M/s. ECIL - Rapiscan Ltd.

B) Investment in Equity Instruments1. Investment in M/s Andhra Pradesh Gas Power

Corporation Limited :267940 equity shares of ` 10/- each 26.80 26.801,92,960 Bonus shares of ` 10/- each 0.00 0.00268000 equity shares of ` 10/- each 64.32 91.12 64.32 91.12at ` 24/- per share.

2. 250 shares of ` 10/- each fully paid up in 0.02 0.02ECIL Employees Consumer Co-operativeSociety Limited

Total 164.64 164.64

110 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 14 : AmñW{JV H$a ({Zdb n[ag§npËV) (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

AmñW{JV H$a Xo Vm:

E) _yë`ömg 3272.77 5020.80

gH$b AmñW{JV H$a Xo Vm 3272.77 5020.80

AmñW{JV H$a n[ag§npËV:

E) g§{X½Y F$U Ed§ A{J«_ Ho$ {bE n«mdYmZ 8725.17 6575.06

~r) 43~r J¡a- ^ËVo 13175.83 11988.57

gr) AÝ` 88.46 49.70

gH$b AmñW{JV H$a n[ag§npËV 21989.46 18613.33

{Zdb AmñW{JV H$a n[ag§npËV Ed§ Xo VmE± 18716.69 13592.53

gH$b AmñW{JV H$a n[ag§npËV Hw$b 6361.80 4620.10

ZmoQ> 15 : XrK©H$mbrZ F$U Ed§ A{J«_ (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) ny±OrJV A{J«_ (Agwa{jV `mo½` _mZo JE) 193.45 72.70(E) 193.45 72.70

~r) O_m :gwa{jV `mo½` _mZo JE - -Agwa{jV `mo½` _mZo JE 3,366.89 3,369.66g§{X½Y 70.19 68.18 -g§{X½Y O_m Ho$ {bE n«mdYmZ (70.19) - (68.18) -

(~r) 3,366.89 3,369.66

gr) nm{Q>© m| go g§~§{YV F$U Ed§ A{J«_ - -

S>r) AÝ` F$U Ed§ A{J«_:H$_©Mmar A{J«_ (Agwa{jV `mo½` _mZo JE) 43.91 41.89gm_mZ Am¡a godmAm| Ho$ {bE Amny{V©H$mam| H$moA{J«_ (g§e`) 315.35 286.61H$_: g§e` wŠV A{J«_m| Ho$ {bE n«mdYmZ (315.35) - (286.61) -AÝ` (Agwa{jV `mo½` _mZo JE) 73.05 32.29n«m{YH$m[a`m| Ho$ nmg A{Yeof 11.77 -g§{X½Y 5.41 -g§{X½Y F$U Ed§ A{J«_ Ho$ {bE n«mdYmZ (5.41) - - -

(gr) 128.73 74.18

Hw$b (E+~r+gr) 3,689.07 3,516.54


Note 14 : Deferred Tax (Net Asset) (` in Lakhs)


Deferred Tax Liability :

a) Depreciation 3272.77 5020.80

Gross Deferred Tax Liability 3272.77 5020.80

Deferred Tax Asset :

a) Provision for Doubtful Debts and Advances 8725.17 6575.06

b) 43B Disallowances 13175.83 11988.57

c) Others 88.46 49.70

Gross Deferred Tax Asset 21989.46 18613.33

Net of Deferred Tax Asset & Liabilities 18716.69 13592.53

Net Deferred Tax Asset Total 6361.80 4620.10

Note 15 : Long Term Loans and Advances (` in Lakhs)


a) Capital Advances (Unsecured considered good) 193.45 72.70(A) 193.45 72.70

b) Deposits :Secured considered good - -Unsecured considered good 3,366.89 3,369.66Doubtful 70.19 68.18Provision for doubtful deposits (70.19) - (68.18) -

(B) 3,366.89 3,369.66

c) Loans and advances to related parties - -

d) Other Loans & Advances:Employee advances (Unsecured considered good) 43.91 41.89 Advance to Suppliers for Goods &Services (doubtful) 315.35 286.61Less: Provision for Doubtful Advances (315.35) - (286.61) -Others (Unsecured considered good) 73.05 32.29Balances with authorities 11.77 -Doubtful 5.41 -Provision for doubtful Loans & Advances (5.41) - - -

(C) 128.73 74.18

Total (A+B+C) 3,689.07 3,516.54

112 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 16 : AÝ` An«M{bV n[ag§npËV`m± (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) XrK© H$mbrZ ì`mnma n«mß`

gwa{jV, `mo½` _mZo JE - -

Agwa{jV, `mo½` _mZo JE 29,248.88 2,418.18

g§{X½Y 11,925.00 9,431.50

KQ>mE±: g§{X½Y F$U Ho$ {bE n«mdYmZ (11,925.00) 29,248.88 (9,431.50) 2,418.18

~r) AÝ`_mbgyMr 564.80 -

{~b-a{hV amOñd 15,911.85 21,521.94

n«máZr` gm_mZ Xmdo 465.57 4.90

g§e` wŠV n«máZr` Xmdo 5.31 2.89

KQ>mE±: g§e` wŠV Xmdm| Ho$ {bE n«mdYmZ (5.31) - (2.89) -

Hw$b 46,191.10 23,945.02

ZmoQ> 17 : _mbgyMr (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) H$ƒm _mb 7,775.05 8,221.59(_mJ©ñW gm_J«r é. 1667.32 bmIJV df©… é. 1260.79 bmI em{_b)

~r) Mmby- H$m © 6,085.15 6,897.19

gr) V¡ ma _mb 2,046.92 741.94

S>r) §S>ma Ed§ nwO} 1,157.35 609.65(_mJ©ñW é.eyÝ`: JV df© é. eyÝ`)

B©) byO Am¡Oma 7.95 5.45

E\$) AÝ` :i) n¡qH$J gm_{J« m± 63.74 19.04

ii) ñH«¡$n 6.25 -

Hw$b 17,142.41 16,494.86


Note 16 : Other Non-Current Assets (` in Lakhs)


a) Long term trade Receivables

Secured considered good - -

Unsecured considered good 29,248.88 2,418.18

Doubtful 11,925.00 9,431.50

Less: Provision for Doubtful debts (11,925.00) 29,248.88 (9,431.50) 2,418.18

b) OthersInventories 564.80 -

Unbilled Revenue 15,911.85 21,521.94

Claims Receivable good 465.57 4.90

Claims Receivable Doubtful 5.31 2.89

Less: Provision for Doubtful claims (5.31) - (2.89) -

Total 46,191.10 23,945.02

Note 17 : Inventories (` in Lakhs)


a) Raw Materials 7,775.05 8,221.59(includes Material in transit ` 1667.32 lakhsPrevious year : ` 1260.79 lakhs)

b) Work-in-Progress 6,085.15 6,897.19

c) Finished Goods 2,046.92 741.94

d) Stores & Spares 1,157.35 609.65(includes in transit ` Nil Previous Year : Nil)

e) Loose Tools 7.95 5.45

f) Others :

i) Packing Materials 63.74 19.04

ii) Scrap 6.25 -

Total 17,142.41 16,494.86

114 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 18 : ì`mnma n«mß` (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) N>h _hrZm| go A{YH$ ~H$m`m ì`mnma n«mß`

gwa{jV, `mo½` _mZo JE - -

Agwa{jV, `mo½` _mZo JE 35,607.66 54,903.82

g§{X½Y - -

KQ>mE±: g§{X½Y F$U Ho$ {bE n«mdYmZ - 35,607.66 - 54,903.82

~r) AÝ` :gwa{jV, `mo½` _mZo JE - -

Agwa{jV, `mo½` _mZo JE 55,853.02 60,371.16

g§{X½Y - -

KQ>mE±: g§{X½Y F$U Ho$ {bE n«mdYmZ - 55,853.02 - 60,371.16

Hw$b 91,460.68 115,274.99

ZmoQ> 19 : ZH$X Ed§ ~¢H$ eof (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

i. ZH$X Ed§ ZH$X VwëÈ) ~¢§H$m| _| eof:i) Mmby ImVo 462.65 723.04ii) VrZ _hrZm| go H$_ _oMw[aQ>r wŠV O_m - 462.65 - 723.04

~r) CnbãY MoH$ Ed§ S´>mâQ> 353.95 181.84gr) hmW _| ZJX 3.11 2.33S>r) AÝ` :

i) _mJ©ñW MoH$ - -ii) ~¢H$m| _| {_`mXr O_m - -iii) CnbãY ñQ¢>n - -iv) A{YH$m[a`m| Ho$ nmg ZH$Xr 0.30 0.41v) _mJ©ñW n«o{fV YZ 53.72 54.02 0.72 1.13

ii. AÝ` ~¢H$ eof

E) ~¢H$m| _| CnbãY {M{•V eof - -

~r) ~¢§H$m| _| ~mah _hrZm| go H$_ n[anŠdVm H$mb wŠV O_m 27,000.00 26,800.00

gr) ~¡H$m| _| ~mah _hrZm| go Á`mXm n[anŠdVm H$mb wŠV O_m - -

Hw$b 27,873.73 27,708.34


Note 18 : Trade Receivables (` in Lakhs)


a) Trade Receivables outstandingfor a period exceeding six months

Secured Considered good - -

Unsecured Considered good 35,607.66 54,903.82

Doubtful - -

Less : Provision for Doubtful Debts - 35,607.66 - 54,903.82

b) Others :


Unsecured Considered good 55,853.02 60,371.16

Doubtful - -

Less : Provision for Doubtful Debts - 55,853.02 - 60,371.16

Total 91,460.68 115,274.99

Note 19 : Cash and Bank Balances (` in Lakhs)


i. Cash and Cash equivalentsa) Balances with banks:i) On current accounts 462.65 723.04ii) Deposits with original maturity of less than - 462.65 - 723.04

three monthsb) Cheques, drafts on hand 353.95 181.84c) Cash on hand 3.11 2.33d) Others :

i) Cheques in-transit - -ii) Fixed Deposit with banks - -iii) Stamps on hand - -iv) Imprest cash with officers 0.30 0.41v) Remittance-in-transit 53.72 54.02 0.72 1.13

ii. Other Bank Balancesa) Earmarked balances with bank - -b) Bank deposits with less than twelve 27,000.00 26,800.00

months maturityc) Bank deposits with more than twelve - -

months maturity

Total 27,873.73 27,708.34

116 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 20 : AënH$mbrZ F$U Ed§ A{J«_ (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) g§~§{YV nm{Q©>`m| H$mo F$U Ed§ A{J«_

gwa{jV `mo½` _mZo JE - -

Agwa{jV, `mo½` _mZo JE - -

g§{X½Y - -

KQ>mE±: AemoÚ Ed§ g§{X½Y F$U Ho$ {bE gw{dYmE± - - - -

~r) O_m 2,342.74 2,218.20

gr) CnbãY H$a gmI 4,135.62 4,214.54

S>r) AÝ`:

H$_©Mm[a`m| H$mo A{J«_ (gwa{jV, `mo½` _mZo JE) - 0.77

H$_©Mm[a`m| H$mo A{J«_(Agwa{jV, `mo½` _mZo JE) 234.34 65.99

Amny{V©H$Vm©Am| H$mo _mb Ed§ godmAm| Ho$ {bE {XE JE A{J«_ 8,501.74 5,674.22

A{J«_ H$a/ Q>rS>rEg(Am`H$a Ho$ {bE {Zdb n«mdYmZ) 2,836.88 3,453.62

AÝ` A{J«_ 744.65 535.45

{ZXoeH$JU `m A{YH$m[a`m| Ûmam Xo F$U - -

Hw$b 18,795.97 16,162.80

ZmoQ> 21 : AÝ` n«M{bV n[ag§npËV`m± (én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

1. {~b a{hV amOñd 9,302.71 893.90

2. a{MV Am` 4,316.70 4,104.76

3. J«mhH$m| Ho$ Xmdo 571.67 1,002.11

Hw$b 14,191.08 6,000.77


Note 20 : Short Term Loans & Advances (` in Lakhs)


a) Loans & Advances to related parties


Unsecured Considered good - -

Doubtful - -

Less : Allowance for bad & doubtful debts - - - -

b) Deposits 2,342.74 2,218.20

c) Tax Credits available 4,135.62 4,214.54

d) Others :

Advance to Employees (Secured and good) - 0.77

Advance to Employees(Unsecured Considered good) 234.34 65.99

Advance to Suppliers for Goods & Services 8,501.74 5,674.22

TDS & Advance Tax(Net of Provision for Income Tax) 2,836.88 3,453.62

Other Advances 744.65 535.45

Debts due by Directors or Officers - -

Total 18,795.97 16,162.80

Note 21 : Other Current Assets (` in Lakhs)


1. Unbilled Revenue 9,302.71 893.90

2. Accrued Income 4,316.70 4,104.76

3. Claims with Customers 571.67 1,002.11

Total 14,191.08 6,000.77

118 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 22 : amOñd Ed§ AÝ` àMmbZ (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog_má df© hoVw g_má df© hoVw

AÝ` àMmbZ amOñd

E) _¡ZwAb H$s {~H«$s 1.66 2.07

~r) gr_m ewëH$ dgybr 1.18 -

gr) {dXoer {d{Z_` Xmdo 1.87 4.71 - 2.07

Hw$b 4.71 2.07

ZmoQ> 23 : AÝ` Am` (én o bmIm| _|)


1. ......na ã`mO

E) H$_©Mmar A{J«_ 3.53 0.75

~r) {~Obr O_m (EnrEgB©~r) 5.03 5.07

gr) gmd{Y O_m agrX| 2,315.68 2,438.79

S>r) AÝ` 975.12 3,299.36 227.36 2,671.97

2. g§ wŠV ZdmoÚ_ H§$nZr go bm^m§e 44.10 36.75(B©grAmB©Eb -a¡{nñH$m°Z {b{_Qo>S>)

3. AÝ` J¡a-àMmbZ Am`

E) {H$am`m 80.82 31.18

~r) ~r_m Xmdo 2.02 0.70

gr) dmng {H$E J¡a-Xmdm XoZXm[a`m± 136.15 262.25

S>r) Amny{V©H$Vm© {~b na dgyb EbS>r 479.25 205.00

B©) {d{dY 276.79 975.03 218.92 718.05

Hw$b 4,318.49 3,426.77


Note 22 : Revenue from other Operations (` in Lakhs)

Particulars For the Year Ended For the Year Ended31st March, 2015 31st March, 2014

Other Operating Revenue

a) Sale of Manuals 1.66 2.07

b) Customs Duty Realisation 1.18 -

c) Foreign Exchange Claims 1.87 4.71 - 2.07

Total 4.71 2.07

Note 23 : Other Income (` in Lakhs)


1. INTEREST ON

a) Staff advances 3.53 0.75

b) Electricity Deposits (APSEB) 5.03 5.07

c) Term Deposit Receipts 2,315.68 2,438.79

d) Others 975.12 3,299.36 227.36 2,671.97

2. DIVIDEND FROM JOINT VENTURE COMPANY 44.10 36.75(ECIL - Rapiscan Ltd.)

3. OTHER NON-OPERATING INCOME

a) Rent 80.82 31.18

b) Insurance Claims 2.02 0.70

c) Unclaimed liabilities written back 136.15 262.25

d) LDs Recovered on supplier bills 479.25 205.00

e) Miscellaneous 276.79 975.03 218.92 718.05

Total 4,318.49 3,426.77

120 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 24 : Cn wŠV gm_{J« m| H$s bmJV (én o bmIm| _|)


1. Cn wŠV H$ƒr gm_J«r, Agoå~brO Ed§ g§KQ>H$

Ama§{^H$ _mb 6,960.80 5,269.10

Omo‹So>: {dH«$` ({~H«$s Am¡a g_m`moOZ Ho$ ~mX) 70,959.71 78,621.97

Omo‹S>: {d^mJr` ñWmZm§VaU- CËnmXZ 382.78 203.87

78,303.29 84,094.94KQ>mE±: bmon Ho$ {bE n«mdYmZ (38.72) 78,264.57 - 84,094.94KQ>mE±: A§V eof §S>ma 6,587.77 6,960.80

71,676.80 77,134.14

2. .....H$m Cn^moJE) §S>ma Ed§ A{V[aŠV nwO} 524.80 94.12~r) n¡qH$J gm_J«r 16.55 39.48gr) Am¡Oma 38.44 579.79 123.24 256.84

3. Cn wŠV CngmYZm| Ed§ A{V[aŠV nwOm] H$s bmJV 394.06 216.04

Cn - Hw$b 72,650.65 77,607.02

KQ>mE±: ghm`Vm AZwXmZ Ho$ gmnoj H¥$V ì`` Am¡a AÝ` (2,112.17) (2,255.45)

Hw$b 70,538.48 75,351.57

ZmoQ> 25 : V¡ ma _mb Ed§ S>ãë yAmB©nr H$s _mbgyMr _| n[adV©Z (én o bmIm| _|)


A§{V_ _mbi) V¡ ma _mb 2,046.92 741.94

ii) Mmby H$m © 6,085.15 6,897.19

iii) ñH«¡$n 6.25 -

8,138.32 7,639.13KQ>mE±: Ama§{^H$ _mb

i) V¡ ma _mb 741.94 828.28

ii) Mmby H$m © 6,897.19 8,449.55

iii) ñH«¡$n - 9.39

7,639.13 9,287.22

A{^d¥{Õ(+)/H$_r(-) (499.19) 1,648.09


Note 24 : Cost of Materials Consumed (` in Lakhs)


1. CONSUMPTION OF RAW MATERIALS,ASSEMBLIES AND COMPONENTS

Opening Stock 6,960.80 5,269.10Add: Purchases (after sales and adjustments) 70,959.71 78,621.97Add: Departmental transfers - Production 382.78 203.87

78,303.29 84,094.94Less: Provision for obsolescence (38.72) 78,264.57 - 84,094.94Less: Closing Stock 6,587.77 6,960.80

71,676.80 77,134.14

2. CONSUMPTION OFa) Stores and Spares 524.80 94.12b) Packing materials 16.55 39.48c) Tools 38.44 579.79 123.24 256.84

3. COST OF ACCESSORIES & 394.06 216.04SPARES CONSUMED

Sub - Total 72,650.65 77,607.02

Less: Expenditure against Grants-in-Aid & Others (2,112.17) (2,255.45)

Total 70,538.48 75,351.57

Note 25 : Changes in Inventories of Finished Goods & WIP (` in Lakhs)


Closing Stocksi) Finished Stock 2,046.92 741.94

ii) Work-in-progress 6,085.15 6,897.19

iii) Scrap 6.25 -

8,138.32 7,639.13Less: Opening Stocks

i) Finished Stock 741.94 828.28

ii) Work-in-progress 6,897.19 8,449.55

iii) Scrap - 9.39

7,639.13 9,287.22

Decretion(+)/Accretion(-) (499.19) 1,648.09

122 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 26 : H$_©Mmar {hV bm^ ì`` (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 31 _mM©, 2014H$mo H$mo

g_má df© hoVw g_má df© hoVw

E) doVZ, _μOXyar Ed§ ~moZg 29,634.95 30,251.74

~r) ^{dî` {Z{Y _| n«emg{ZH$ n« ma g{hV `moJXmZ 2,543.41 2,577.07

gr) CnXmZ Ho$ {bE n«mdYmZ 638.94 728.03

S>r) H$ë`mU ì`` 1,205.74 882.45

Hw$b 34,023.04 34,439.29

ZmoQ> 27 : {dÎm bmJV (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 31 _mM©, 2014H$mo H$mo


1. ã`mO ì`` 3,554.42 4,486.28

2. AÝ` CYma boZo H$s bmJV 4.34 122.18

3. {dXoer _wÐm boZ-XoZ Ed§ ì`mnma na bmJy {Zdb bm^/hm{Z - -

Hw$b 3,558.76 4,608.46


Note 26 : Employee Benefit Expenses (` in Lakhs)

Particulars For the For theYear Ended Year Ended


a) Salaries,Wages and Bonus 29,634.95 30,251.74

b) Contribution to Provident Fund including administrative charges 2,543.41 2,577.07

c) Provision for Gratuity 638.94 728.03

d) Welfare expenses 1,205.74 882.45

Total 34,023.04 34,439.29

Note 27 : Finance Costs (` in Lakhs)

Particulars For the For theYear Ended Year Ended


1. Interest Expense 3,554.42 4,486.28

2. Other Borrowing costs 4.34 122.18

3. Applicable net gain/loss on foreign currecny transactionand translation - -

Total 3,558.76 4,608.46

124 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 28 : AÝ` ì`` (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog_mßV df© hoVw g_mßV df© hoVw

1. {~Obr Ed§ BªYZ 678.23 421.33

2. Ob n« ma 700.33 409.17

3. noeda Ed§ nam_e© ewëH$ 1,856.70 2,385.56

4. `mÌm Ed§ g§dhZ ì`` 2,187.47 2,306.09

5. _aå_V Ed§ AZwajUE) ^dZ 306.00 256.43

~r) g§ §Ì Ed§ _erZar 13.43 4.50

gr) AÝ` 275.46 594.89 318.32 579.25

6. §S>ma, AmH$pñ_H$- AmdH$ 1,649.39 1,289.59

7. {H$am`m 258.22 239.21

8. Xa Ed§ H$a 199.71 233.14

9. ~r_m 124.79 87.58

10. _wÐU Ed§ boIZ gm_J«r 90.20 106.03

11. S>mH$, Vma, Qo>{b\$moZ VWm \¡$Šg 111.90 112.97

12. {dkmnZ 65.25 51.74

13. A{V{W J¥h g§~§Yr ì`` 64.29 71.21

14. _Zmoa§OZ ì`` 16.73 8.90

15. nwñVH$ Ed§ nÌ- n{ÌH$mE± 9.28 13.76

16. dmhZ ì`` 309.34 336.54

17. H$_©Mmar n«{ejU ì`` 36.88 33.47

18. gwajm ì`` 1,175.91 1,047.93

19. {ZXoeH$m| Ho$ ewëH$ Ed§ `mÌm ì`` 0.65 7.90

20. boImnarjH$m| H$mo wJVmZE) boImnarjH$ H$mo 13.24 13.24

~r) H$amYmZ _m_bm| hoVw 1.24 0.45

gr) H§$nZr {d{Y _m_bm| Ho$ {bE - 0.48

S>r) n«~§YZ godmAm| hoVw 6.09 6.35

B©) AÝ` godmAm| hoVw 1.74 0.56

E\$) ì`` H$s n«{Vny{V© Ho$ {bE 2.86 25.17 0.13 21.21

21. {d{Z_` Xa n[adV©Z (573.62) 245.59

22. ~¢H$ n« ma 28.71 34.83

23. ~¢H$ Jma§Q>r na H$_reZ 106.66 104.34

24. {dH«$` ì`` 486.91 398.27

25. {dH«$` EOoÝQ>m| Ho$ H$_reZ 16.00 4.48

26. ^m‹S>m OmdH$ 59.20 149.53

27. dmaÊQ>r na ì`` 963.08 1,279.12

28. n[a{ZYm©[aV ZwH$gmZr 2,411.72 2,291.18

29. {d{dY 297.13 412.97

30. AZwgÝYmZ Ed§ {dH$mg ì`` 2,319.90 2,146.63


Note 28 : Other Expenses (` in Lakhs)


1. Power and Fuel 678.23 421.33

2. Water Charges 700.33 409.17

3. Professional and Consultancy charges 1,856.70 2,385.56

4. Travelling and Conveyance expenses 2,187.47 2,306.09

5. Repairs & Maintenance

a) Buildings 306.00 256.43

b) Plant & Machinery 13.43 4.50

c) Others 275.46 594.89 318.32 579.25

6. Stores Incidentals-Inwards 1,649.39 1,289.59

7. Rents 258.22 239.21

8. Rates and Taxes 199.71 233.14

9. Insurance 124.79 87.58

10. Printing & Stationery 90.20 106.03

11. Postage, Telegram, Telephones & Telex 111.90 112.97

12. Advertisement 65.25 51.74

13. Guest House expenses 64.29 71.21

14. Entertainment expenses 16.73 8.90

15. Books and Periodicals 9.28 13.76

16. Vehicle expenses 309.34 336.54

17. Staff training expenses 36.88 33.47

18. Security Expenses 1,175.91 1,047.93

19. Directors` fees and travelling expenses 0.65 7.90

20. Payment to Auditors

a) As Auditor 13.24 13.24

b) For Taxation Matters 1.24 0.45

c) For Company Law Matters - 0.48

d) For Management Services 6.09 6.35

e) For Other Services 1.74 0.56

f) For Reimbursement of Expenses 2.86 25.17 0.13 21.21

21. Exchange Rate Variation (573.62) 245.59

22. Bank Charges 28.71 34.83

23. Commission on Bank Guarantees 106.66 104.34

24. Selling Expenses 486.91 398.27

25. Commission to Selling Agents 16.00 4.48

26. Freight Outwards 59.20 149.53

27. Expenditure on Warranty 963.08 1,279.12

28. Liquidated Damages 2,411.72 2,291.18

29. Miscellaneous 297.13 412.97

30. Research & Development Expenses 2,319.90 2,146.63

126 48dt dm{f©H$ [anmoQ>© 2014-15

31. n«mdYmZg§{X½Y A{J«_ 44.32 -

AàM{bV ñQ>m°H$ hoVw 38.72 -

g§{X½Y F$U - {d{dY XoZXma 1,263.31 1,346.35 2,496.69 2,496.69

32. n[aË`mÁ` am{ei) n[aË`mÁ` AZwn`moJ F$U 2106.45 2,071.65

KQ>mE±: n«mdYmZ dmng {bE JE (2105.89) 0.56 (1,951.50) 120.15

ii) n[aË`mÁ` pñWa n[ag§npËV`m± 0.66 10.44

iii) AÝ` n[aË`mÁ` 1.59 7.29

KQ>mE±: n«mdYmZ dmng {bE JE - 1.59 - 7.29

33. AÝ` ImVm| H$mo A§VaUE) AZwg§YmZ Ed§ {dH$mg na ì`` (2,319.90) (2,146.63)

~r) ny±OrJV Cn`moJ Ho$ {bE Am§V[aH$ H$m © - (6.71)

gr) AmH$pñ_H$ d¡{^Þ IarX - (3.39)

S>r) dmaÝQ>r n« ma (84.54) (104.81)

B©) {d^mJr` ñWmZm§VaU- CËnmXZ (382.78) (203.87)

E\$) godm H$a BÝnwQ> H«o${S>Q> (2,277.81) (2,991.71)

Or) _aå_V Ed§ AZwajU (Am§V[aH$) (53.71) -

EM) AÝ` (4.16) (5,122.90) - (5,457.12)

Hw$b 12,497.28 14,006.97

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog_mßV df© hoVw g_mßV df© hoVw

ZmoQ> 29 : {ZJ_r` gm_m{OH$ Xm{`Ëd na ì``


E) H§$ß yQ>a {ejm gw{dYmAm| H$m CÝZ`Z 48.17 -

~r) H§$ß yQ>a {ejm gw{dYmAm| H$mo CnbãY H$amZm 21.73 -

gr) AÝ` 0.75 -

Hw$b 70.65 -


31. Provisions:

Doubtful Advances 44.32 -

For Obsolete Stock 38.72 -

Doubtful Debts-S.Debtors 1,263.31 1,346.35 2,496.69 2,496.69

32. Amounts Written off

i) Bad Debts written off 2106.45 2,071.65

Less : Provisions withdrawn (2105.89) 0.56 (1,951.50) 120.15

ii) Fixed Assets written off 0.66 10.44

iii) Other write offs 1.59 7.29

Less : Provisions withdrawn - 1.59 - 7.29

33. Transfer to other Accounts

a) Expenditure on Research & Development (2,319.90) (2,146.63)

b) Internal Jobs for capital use - (6.71)

c) Purchase incidental variation - (3.39)

d) Warranty Charges (84.54) (104.81)

e) Departmental Transfers- Production (382.78) (203.87)

f) Service Tax Input Credit (2,277.81) (2,991.71)

g) Repairs & Maintenance (Internal) (53.71) -

h) Others (4.16) (5,122.90) - (5,457.12)

Total 12,497.28 14,006.97


Note 29 : Expenditure On Corporate Social Responsibility (` in Lakhs)


a) Upgradation of Computer Education Facilities 48.17 -

b) Providing Computer Education Facilities 21.73 -

c) Others 0.75 -

Total 70.65 -

128 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 30 : AÝ` nydm©d{YH$ _X| (én o bmIm| _|)

ã`m¡am 1 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog_má df© hoVw g_má df© hoVwo

1. nydm©d{YH$ AmÈ) {~H«$s Ed§ godmE± (1314.36) (1460.96)

~r) AÝ` n«m{á`m± 0.00 (1314.36) 2.40 (1458.56)

2. nydm©d{YH$ ì`È) _yë`ömg - 20.78~r) {d{dY ì`` - (2.14)gr) Cn wŠV gm_J«r (181.61) (18.10)S>r) AÝ` (38.78) (220.39) 66.15 66.69

nydm©d{YH$ Am` (ì``) Hw$b (1,093.97) (1525.25)

ZmoQ> 31 : AndmXmË_H$ _X| (én o bmIm| _|)

ã`m¡am 1 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog_má df© hoVw g_má df© hoVwo

I) Am`:E) n[aË`mÁ` A`mo½` F$Um| na dgybr 2.05 15.99~r) dmng {bE JE n«mdYmZ 2,133.85 2,135.90 1,628.85 1,644.84

II) ì``:E) g§{X½Y F$U Ho$ {bE n«mdYmZ (2,500.00) (3,780.66)

Hw$b (364.10) (2,135.82)


Note 30 : Prior Period Items (` in Lakhs)


1. Prior Period Income:

a) Sales & Services (1314.36) (1460.96)

b) Other Receipts 0.00 (1314.36) 2.40 (1458.56)

2. Prior Period Expenses :a) Depreciation - 20.78b) Miscellaneous Expenses - (2.14)c) Material Consumed (181.61) (18.10)d) Others (38.78) (220.39) 66.15 66.69

Prior Period Income (Expense) Total (1,093.97) (1525.25)

Note 31 : Exceptional Items (` in Lakhs)


I) Income :a) Recovery from bad debts written off 2.05 15.99b) Provisions withdrawn 2,133.85 2,135.90 1,628.85 1,644.84

II) Expenditure :a) Provision for Doubtful Debts (2,500.00) (3,780.66)

Total (364.10) (2,135.82)

130 48dt dm{f©H$ [anmoQ>© 2014-15

ZmoQ> 32 :

i. H§$nZr A{Y{Z`_, 2013 Ho$ AZwgyMr-III Ho$ AZwê$n 01-04-2014 go n« mdr {ZJ_r` _m_bm| Ho$ _§Ìmb` Ûmam noe H$s JB©Amdí`H$VmAm| Ho$ AZwgma {dÎmr` {ddaUm| H$mo V¡ ma {H$`m J`m h¡& H§$nZr H$s ì`mnma n«H¥${V VWm {d{^Þ g§{dXm Ad{Y Ho$ n[aMmbZMH«$ na AmYm[aV n[ag§npÎm`m| Am¡a XoZXm[a`m| H$mo dV©_mZ Am¡a J¡a dV©_mZ Ho$ ê$n _| dJuH¥$V {H$`m J`m h¡&

ii. boIm§H$Z Zr{V`m| _| n[adV©Z Ho$ H$maU n« md :

E) H§$nZr A{Y{Z`_, 2013 Ho$ n«mdYmZm| _| n[adV©Z Ho$ AZwgma H§$nZr Zo ñWmB© n[ag§npÎm na _yë`õmg boIm§H$Z Zr{V`m| _| n[adV©Z{H$`m h¡& boIm Zr{V 1-E\$ XoIo& n[adV©Z Ho$ AZwdVu df© Ho$ Xm¡amZ bm^ Am¡a hm[Z Ho$ dŠVì` hoVw n« m[aV _yë`ömg H$s am{eé. 831.47 bmI go A{YH$ Am¡a 31 _mM©, 2015 VH$ ñWmB© n[ag§npÎm é. 1730.63 go H$_ h¡& AmJo, é. 593.54 bmI(AmñW{JV H$a H$m {Zdb é. 305.62) n[ag§npÎm H$m Iwbm hm{gb _yë` h¡ {OgH$m Cn`moJr OrdZ eyÝ` h¡& H§$nZr A{Y{Z`_,2013 n«_wI AmajUm| Ed§ A{Yerf© Ho$ A§VJ©V gm_mÝ` AmajUm| Ho$ {bE g_m`mo{OV {H$`m OmVm h¡& (ZmoQ> g§. 3 XoIo§)

~r) {ZînmX` g§{dXmAm| Ho$ `moJ _| A{ZînmX` g§{dXmAm| na n[a{ZYm©[aV ZwH$gmZr Ho$ {bE n«mdYmZ ~ZmZo Ho$ g§~§Y _| boIm Zr{V _|~Xbmd Ho$ H$maU boIm§H$Z Zr{V 1-Ama XoIo, bm^ Am¡a hm[Z Ho$ dŠVì` hoVw df© Ho$ {bE n« m{dV am{e é. 468.08 bmI h¡&

ZmoQ> 33: n«H$Q>rH$aU go Ny>Q>

H§$nZr bm^ Am¡a hm[Z Ho$ dŠVì` H$mo V¡ ma H$aZo hoVw gm_mÝ` AZwXoem| Ho$ A§VJ©V H§$nZr A{Y{Z`_, 2013 Ho$ AZwgyMr- Ho$ ^mJ - Ho$ n¡am5 Ho$ A§VJ©V {ZpíMV ã`moam| Ho$ n«H$Q>rH$aU go Ny>Q> H$s _m±J H$s h¡& My±{H$ H§$nZr na_mUw D$Om© {d^mJ Ho$ A§VJ©V EH$ gm_[aH$ BboŠQ´>m{ZH$sjoÌ _| Zm{^H$s`, ajm, dm§V[aj BË`m{X joÌm| _| godmE± n«XmZ H$aVr h¡ Am¡a {nN>bo dfm] Ho$ {bE {ZJ_r` _m_bm| Ho$ _§Ìmb` Ûmam _§Oya Ny>Q>Ho$ AmYma na, g§doXZerb n«H¥${V H$mo Ü`mZ _| aIVo hþE {dËVr` dŠVì` _| {ZåZ g§X{ ©V ã`moamo, H§$nZr A{Y{Z`_, 2013 H$s Ymam 129 (6)Ho$ A§VJ©V b§{~V AZw_moXZm| H$mo H§$nZr Zo n«H$Q> Zhr§ {H$`m&

n¡am ã`m¡am

5(ii)(E) {d{Z_m©U H§$n{Z`m| Ho$ _m_bm| _|5(ii)(E)1 ì`mnH$ erf© Ho$ A§VJ©V H$ƒr gm_J«r5(ii)(E)2 ì`mnH$ erf© Ho$ A§VJ©V IarXo JE _mb

5(ii)(~r) Qo>qS>J H§$nZr Ed§ H§$n{Z`m| Ho$ ì`mnH$ erfm] Ho$ A§VJ©V ì`mnma {H$E OmZo dmbo _mb Ho$ g§~§Y _| H¥$V H«$` Ho$ _m_bm| _|&

5(ii)(gr) godm n«XmZ `m Amny[aV {H$E OmZo dmbr H§$n{Z`m|, ì`mnH$ erfm] Ho$ A§VJ©V n«XËV `m Amny[aV godmAm| go H$_m o JE{Zdb Am` Ho$ _m_bm| _|&

5(ii) (S>r) D$na (E), (~r) Ed§ (gr) {d^mJm| _| go H$_ go H$_ EH$ go A{YH$ {d^mJm| Ho$ A§VJ©V AmZo dmbo H§$n{Z`m| Ho$ _m_bo_|; AnZr godmAm| Ho$ A§VJ©V {H$E JE H«$`, {dH«$` Ed§ H$ƒr gm_{J« m| Ho$ Cn^moJ Am¡a n«má {Zdb Am` g§~§Yr OmZH$marH$mo ì`mnH$ erfm] Ho$ A§VJ©V Xem©Zm n`m©á hmoJm&

5(iii) Mmby H$m © Ed§ ì`mnH$ erfm] Ho$ A§VJ©V Mmby H$m © go g§~Õ g^r _m_bo&


NOTE: 32

i. The financial statements have been prepared in line with the requirements of the Schedule III ofthe Companies Act, 2013 as introduced by the Ministry of Corporate Affairs effective from01.04.2014. Assets and liabilities are classified between current and non-current based on theoperating cycle of its various contract periods and having regard to the Company’s nature ofbusiness.

ii. Impact due to changes in Accounting Policies :

a) The Company has changed the Accounting Policy on Providing for Depreciation on FixedAssets in line with the changes in the Provisions of Companies Act, 2013 [Refer AccountingPolicy 1-F]. Consequent to the change, the amount of Depreciation charged to the Statementof Profit and Loss during the year is higher by `. 831.47 lakhs and Fixed Assets as at 31stMarch 2015 are lower by `.1730.63 lakhs. Further, an amount of `. 593.54 Lakhs (net ofdeferred tax of `.305.62 lakhs) being the opening written down value of the Assets whoseuseful life has become `.Nil as per the transitional provision of Schedule-II of the CompaniesAct, 2013 has been adjusted to the General Reserves under the head Reserves and Surplus(refer Note no.3).

b) Due to the change in Accounting Policy regarding making provision for Liquidated Damageson unexecuted contracts in addition to the executed contracts [refer Accounting Policy 1-R],the amount charged for the year to the Statement of Profit and Loss is higher by `.468.08Lakhs.

NOTE 33: EXEMPTION FROM DISCLOSURE:

The company has sought exemption from disclosure of certain details under para 5 of part II of scheduleIII of the Companies Act, 2013 under general instructions for preparation of Statement of Profit andLoss. As the company is in Strategic Electronic sector under aegis of the Department of Atomic Energycatering to the needs of Nuclear, Defence and Aero Space Sectors etc., and based on the exemptiongranted by Ministry of Corporate Affairs for earlier years, the company has not disclosed, in view ofsensitive nature, the below referred details in the financial statements, pending approval under section129(6) of the Companies Act, 2013.

Para Particulars

5(ii)(a) In the case of manufacturing companies

5(ii)(a) 1 Raw materials under broad heads

5(ii)(a) 2 Goods purchased under broad heads

5(ii)(b) In the case of trading companies, purchases in respect of goods traded in by thecompany under broad heads

5(ii)(c) In the case of companies rendering or supplying services, gross income derived fromservices rendered or supplied under broad heads

5(ii)(d) In the case of a company which falls under more than one of the categories mentionedin (a) (b) and (c) above, it shall be sufficient compliance with the requirements hereinif purchases, sales and consumption of raw material and the gross income from servicesrendered is shown under broad heads

5(iii) In the case of all concerns having work in progress, works in progress under broadheads

132 48dt dm{f©H$ [anmoQ>© 2014-15

5(viii) bm^ Am¡a hm{Z boIm _| {ZåZ gyMZmE± ^r {Q>ßn{U`m| Ho$ ê$n _| A§V{Z©{hV h¢& VWm:-

E) BZ _m_bm| Ho$ g§~§Y _| {dËVr` df© Ho$ Xm¡amZ H§$nZr Ûmam bmJV ~r_m ^m‹S>m Ho$ AmYma na AmH${bV Am`mVm| H$m_yë`&I) H$ƒr gm_J«rII) g§KQ>H$ Ed§ A{V[aŠV nwO]III) ny±OrJV _mb

~r) {dXoer _wÐm _| {dËVr` df© Ho$ Xm¡amZ am° ëQ>r, VH$ZrH$s kmZ, ì`mdgm{`H$ Ed§ nam_e© ewëH$, ã`mO Ed§ AÝ`_m_bm| _| {H$E OmZo dmbo ì``&

gr) {dËVr` df© Ho$ Xm¡amZ Am`m{VV H$ƒr gm_J«r, A{V[aŠV nwO] Ed§ Cn wŠV g§KQ>H$ H$m nyU© _yë` Am¡a Hw$b InV_| ha EH$ H$s n«{VeVVm&

ZmoQ> 34 : boIm _mZH$ (EEg) H$m AZwnmbZ

[H§$nZr A{Y{Z`_, 2013 H$s Ymam 133 Ho$ AZwgaU _| H§$n{Z`m| (boIm) {Z`_, 2014 Ho$ {Z`_ 7 Ho$ gmW n{R>V]

E) {Z_m©U g§{dXmAm|, boIm§H$Z _mZH$ EEg-7 g§~§Yr gyMZm (nwZar{jV 2002) :

E) boIm§H$Z Zr{V g§»`m E (iv) Ho$ AZwgma é. 28130.84 bmI (JV df© é. 30869.08 bmI) H$s g§{dXm amOñd H$s AZw_m{ZV Hw$bbmJV na CnJV dmñV{dH$ bmJV H$s n«{VeVVm Ho$ AmYma na _mÝ`Vm Xr JB© h¡&

(én o bmIm| _|)

31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

~r) CnJV bmJV H$s g§H${bV am{e Am¡a _mÝ`Vm n«má bm^(_mÝ`Vm n«má hm{Z KQ>m |) 158932.50 200083.23

gr) n«má A{J«_ Am¡a ~H$m`m 29616.85 31257.97

S>r) J«mhH$m| go Xo gH$b am{e ({~b Z {H$`m J`m amOñd) 54831.41 53673.82

B©) J«mhH$m| H$mo Xo gH$b am{e eyÝ` eyÝ`

E\$) n«{VYmaU, `{X H$moB© hmo 2258.29 6342.55

df© Ho$ Xm¡amZ {Z_m©U H$m © Ho$ g§~§Y _| Hw$b bmJV Am¡a Hw$b amOñd H$s g_`-g_` na g_rjm VWm AÚVZ H$s Om ahr h¡ Am¡a Mmbydf© Ho$ ImVo _| Amdí`H$ g_m`moOZ {H$E Om aho h¡& H§$nZr Ûmam {bE JE g§{dXmAm| H$s g§»`m A{YH$ h¡ Am¡a AmH$bZm| VWm H$m © n«H¥${V_| hþB© n[adV©Zm| Ho$ H$maU g§{dXmAm| Ho$ AZw_m{ZV bmJV _| d¥{Õ hþB© h¢& AV: boIm§H$Z _mZH$ EEg-7 Ho$ VhV g§{dXmAm| _| n«má amOñdH$mo _mÝ`Vm n«XmZ H$aVo g_` AmH$bZm| _| g§ m{dV n[adV©Zm| AWdm n[aUm_m| H$m C„oIZ H$aZm Aì`mdhm[aH$ h¢&


5(viii) The profit and loss account shall also contain by way of a note the following informationnamely :-

a) Value of import calculated on CIF basis by the Company during the financial yearin respect of

I) Raw materials

II) Components and spare parts

III) Capital goods

b) Expenditure in foreign currency during the financial year on account of royalty,know how, professional and consultation fees, interest and other matters.

c) Total value of all imported raw materials, spare parts and components consumedduring the financial year and the total value of all indigenous raw materials, spareparts and components similarly consumed and the percentage of each to the totalconsumption.

NOTE 34: COMPLIANCE TO ACCOUNTING STANDARDS (AS)(Pursuant to Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies(Accounts) Rules, 2014.

A) Information in respect of Construction Contracts, Accounting Standard -7 (Revised 2002):

a) In terms of Accounting Policy No. A (iv) Contract Revenue of `.28130.84 Lakhs (previous year`.30869.08 Lakhs) is recognized based on the percentage of actual costs incurred to theestimated total cost of the Contracts.

(`.in Lakhs)

As at As at31st March, 2015 31st March, 2014

b) Aggregate amount of costs incurred andrecognized profits (Less Recognized losses) 158932.50 200083.23

c) Advances received and outstanding 29616.85 31257.97

d) Gross amount due from customers(Unbilled Revenue) 54831.41 53673.82

e) Gross amount due to customers Nil Nil

f) Retentions, if any 2258.29 6342.55

The estimates of total costs and total revenue in respect of construction contracts are reviewed andupdated periodically and necessary adjustments are made in the current year’s account. The contractsundertaken by the company are large in number and the total estimated cost of contracts undergoesa change on account of change in estimates as well as due to change in scope of work. Hence, it isimpracticable to specify the nature and quantify the amount of change in the accounting estimatesmade while recognizing the revenue from contracts with respect to Accounting Standard-7.

134 48dt dm{f©H$ [anmoQ>© 2014-15

~r) amOñd _mÝ`Vm (EEg-9):

E) df© Ho$ {bE {~H«$s _| em{_b :

i) gwnwX©Jr Ho$ {bE `mo½` hmbV _| Am¡a J«mhH$m| Ho$ AZwamoY na AnZo nmg aIo JE _mb H$m _yë` é. 603.25 bmI (JV df© é.3637.92 bmI)

ii) ^maVr` {Zdm©MZ Am`moJ Ûmam Xa {ZYm©aU/ g§emoYZ H$m A§{V_ ê$n b§{~V hmoZo na ^maVr` {Zdm©MZ Am`moJ H$mo H§$Q´>mob y{ZQ>m|Ho$ 10532 y{ZQ> (JV df© 1,00,078 y{ZQ>) Am¡a ~¡bQ> y{ZQ>m| Ho$ 39,393 y{ZQ> (JV df© 1,09,947 y{ZQ>) Amny{V© H$aZohoVw é. 3954.27 bmI (JV df© é.17431.59 bmI) Ho$ AñWm`r _mÝ`Vm h¡&

gr) ghm`Vm AZwXmZ (EEg-12)

^maV gaH$ma go {d{dY AZwg§YmZ Ed§ {dH$mg n[a`moOZmAm| Ho$ g§MmbZ hoVw n«má ghm`Vm AZwXmZ am{e _| 31.03.2015 VH$ ~Mo eofam{e é. 905.53 bmI én`m| (JV df© é. 71.00 bmI) H$mo VwbZ-nÌ _| AÝ` Mmby Xo VmAm| Ho$ A§Xa Xem©E JE h¢&

(én o bmIm| _|)

H«$. ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog§. g_má df© hoVw g_má df© hoVw

1 AW eof 71.00 2641.102 df© Ho$ Xm¡amZ Hw$b n«m{á`m± 3000.01 26.423 df© Ho$ Xm¡amZ Hw$b AmhaU 0.00 0.004 df© Ho$ Xm¡amZ dmñV{dH$ ê$n Ho$ gmnoj n« moJ {H$E JE E) amOñd _X| 1970.30 2255.45 ~r) ny±OrJV _X| 195.19 341.07

5 A§V eof 905.53 71.00

S>r) H$_©Mmar bm^- (EEg-15)

E) ^{dî` {Z{Y: H§$nZr Ho$ Va\$ go EH$ {deof Q´>ñQ> H$mo ^{dî` {Z{Y Ho$ {bE EH$ {Z{X©ï> am{e A§eXmZ Ho$ ê$n _| {XE Om aho h¢, {Ogodh AZw_[V goŠ y[aQ>rO _| {Zdoe H$a aho h¡& g§~Õ A{YH$m[a`m| H$mo "n[adma n|eZ ñH«$s_' Ho$ {bE A§eXmZ {XE Om aho h¢& H§$nZr Ho$é. 2543.41 bmI (JV df© é. 2577.07 bmI) én`m| H$m A§eXmZ (n«emgZ n« ma g{hV) H$mo ì`` Ho$ ê$n _| _mÝ`Vm XoH$a df©Ho$ bm^-hm{Z {ddaU _| MmO© H$s Om ahr h¡& ^maV gaH$ma Ho$ {ZX}emZwgma H§$nZr Ho$ H$_©Mm[a`m| H$mo Ý yZV_ ã`mO Xa CnbãY H$amZmH§$nZr H$m H$V©ì` h¡& df© Ho$ Xm¡amZ "gm§{d{YH$ ã`mO wJVmZ' H$s Amdí`H$Vm go "g_ñV ã`mO AO©Z Ed§ g§Mr` ~oer' A{YH$ h¡&

~r) CnXmZ: CnXmZ EH$ \$ÊÈ> {S>\¢$S> {hV moOZm h¡ Omo mo½` H$_©Mm[a`m| H$mo H§$nZr go ~mha OmVo g_` {XE OmVo h¢& BgH$m n«~§YZ maVrÒrdZ ~r_m {ZJ_ Ho$ "B§ßbmB©O J«wn CnXmZ - gh - ^maVr` OrdZ ~r_m {ZJ_' Ho$ _mÜ`_ go "B©grAmB©Eb CnXmZ \$ÊS>' Zm_H$ EH$Q´>ñQ> Ûmam {H$`m Om ahm h¡&

{S>\$mBÊS> AmpãbJoeZ Am¡a nÕ{V Mmby godm bmJV Ho$ dV©_mZ _yë` na Am{lV {Z{Y Ho$ H§$nZr ha gmb dm{f©H$ A§eXmZ Xo ahr h¡ OmoVwbZ nÌ Ho$ {XZm§H$ na H¥$V OrdZm§H$H$ _yë §mH$Z go _m{nV h¡& {OgH$s Xo Vm H$m {ZYm©aU "n«jo{nV y{ZQ> O_m nÕ{V' Ûmam H$s Omahr h¡&


B) REVENUE RECOGNITION (AS-9):

Sales for the year includes :

i) Goods which are in deliverable condition and are retained by the Company at the instance ofthe customers for an amount of `. 603.25 Lakhs (previous year `. 3637.92 Lakhs).

ii) Provisional recognition of income of `.3954.27 Lakhs (previous year `.17431.59 Lakhs)towards supply of 10532 units of Control Units (Previous Year 1,00,078 units) and 39,393units of Ballot Units (Previous Year 1,09,947 units) to Election Commission of India (ECI)pending finalization of price fixation/revision by ECI.

C) GRANTS–IN–AID (AS-12)

Unspent balance of .905.53 Lakhs as on 31.03.2015 (Previous year . 71.00 Lakhs) out of Grants-in-Aid received from Government of India (GOI) for undertaking various Research & DevelopmentProjects is shown under other current liabilities in the Balance sheet.

(`. In Lakhs)

Sl. Particulars For the year ended For the year endedNo 31st March, 2015 31st March, 2014

1 Opening Balance 71.00 2641.10

2 Total receipts during the year 3000.01 26.42

3 Refund/Withdrawals during the year 0.00 0.00

4 Actually utilized during the year towardsa) Revenue Items 1970.30 2255.45b) Capital Items 195.19 341.07

5 Closing balance 905.53 71.00

D) EMPLOYEE BENEFITS (AS-15):

a) Provident Fund: Company pays fixed contribution to provident fund at predetermined rates to aseparate trust, which invests the funds in permitted securities. Contribution to family pensionscheme is paid to the appropriate authorities. The contribution of `. 2543.41 lakhs (Previous year`. 2577.07 lakhs) including administrative charges is recognized as expense and is charged inthe Statement of Profit and Loss. The obligation of the Company is to make such fixed contributionand to ensure a minimum rate of return as specified by GOI to the members. The overall interestearnings and cumulative surplus is more than the statutory interest payment requirement duringthe year.

b) Gratuity: Gratuity is a funded Defined Benefit Plan payable to the qualifying employees onseparation. It is managed by a separate trust, ECIL Employees Gratuity Fund through ‘EmployeesGroup Gratuity cum Life Assurance Scheme’ of the Life Insurance Corporation of India.

Company makes annual contribution to the Fund based on the present value of the Definedobligation and the related current service costs which are measured on actuarial valuation carriedout as on Balance Sheet date. The liability has been assessed using Projected Unit Credit Method.

136 48dt dm{f©H$ [anmoQ>© 2014-15

31-03-2015 H$mo g_má df© _| {S>\$mBÊS> {hV Xm{`Ëd H$m dV©_mZ _yë` H$s AW VWm A§V eof H$m {_bmZ {ZåZdV h¡&

(én o bmIm| _|)

I. {hV Xm{`Ëd _o n[adV©Z: 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

n«ma§ _| Xm{`Ëd H$m dV©_mZ _yë` 16143.33 18018.47E) ã`mO bmJV 1291.47 1441.48~r) Mmby godm bmJV 189.83 264.53gr) wJVmZ {H$E JE {hV 3273.22 3827.64S>r) dmñV{dH$ (bm^) / hm{Z 275.01 246.48

Ad{Y Ho$ A§V VH$ Xm{`Ëd H$m dV©_mZ _yë` 14626.41 16143.33

(én o bmIm| _|)

II. `moOZm n[ag§npËV`m| Ho$ C{MV _yë` _| n[adV©Z 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

df© Ho$ Ama§ _| `moOZm n[ag§npËV`m| H$m C{MV _yë` 13847.07 13150.25E) `moOZm n[ag§npËV na g§ m{dV [aQ>Z© 1117.36 1220.73~r) A§eXmZ 57.22 3303.73gr) wJVmZ {H$E JE {hV 3273.22 3827.64S>r) `moOZm n[ag§npËV`m| _| bm^/hm{Z eyÝ` eyÝ`

Ad{Y Ho$ A§V _| `moOZm n[ag§npËV`m| H$m C{MV _yë` 11748.42 13847.07`moOZm n[ag§npËV`m| na Xm{`Ëdm| H$s A{YH$Vm 2877.99 2296.26

(én o bmIm| _|)III. bm^ Ed§ hm{Z {ddaU _| ì`` H$s _mÝ`: 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo


E) Mmby godm bmJV 189.83 264.53

~r) ã`mO bmJV 1291.47 1441.48

gr) `moOZm n[ag§npËV`m| na g§ m{dV [aQ>Z© 1117.36 1220.73

S>r) Ad{Y _| _mÝ`Vm n«má {Zdb dmñV{dH$ (bm^) / hm{Z 275.01 246.48

bm^ Ed§ hm{Z {ddaU _| _mÝ`Vm n«má ì`` 638.94 731.76

(én o bmIm| _|)

IV. am{e, {OgH$s _mÝ`Vm VwbZ nÌ _| Xr JB© h¡ 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

E) Ad{Y Ho$ A§V VH$ Xm{`Ëdm| H$m dV©_mZ _yë` 14626.41 16143.33

~r) Ad{Y Ho$ A§V VH$ `moOZm n[ag§npËV`m| Ho$ C{MV _yë` 11748.42 13847.07

gr) \$ÊÈ> pñW{V (2877.99) (2296.26)

S>r) VwbZ nÌ _| _mÝ`Vm n«má Xo Vm ** 2930.02 2348.29** Cn w©ŠV am{e é.52.03 bmI g{hV nyd© H$_©Mm[a`m| H$mo Xo h¡ Omo CZHo$ Ûmam 31-03-2015 VH$ Xm{dV Zht H$s JB©&


Reconciliation of opening and closing balances of the present value of the defined benefit obligationas at the year ended 31.03.2015 are as follows.

(`. in Lakhs)

I. Change in Benefit obligation As at As at31st March, 2015 31st March, 2014

Present value of obligation as at the beginning 16143.33 18018.47

a) Interest Cost 1291.47 1441.48

b) Current Service Cost 189.83 264.53

c) Benefits paid 3273.22 3827.64

d) Actuarial (gain) / loss 275.01 246.48

Present value of obligation at the end of the period 14626.41 16143.33

(`. in Lakhs)

II. Change in Fair value of plan assets As at As at31st March, 2015 31st March, 2014

Fair value of Plan Assets at the beginning of the year 13847.07 13150.25a) Expected return on plan assets 1117.36 1220.73b) Contributions 57.22 3303.73c) Benefits paid 3273.22 3827.64d) Actuarial gain/loss on plan assets NIL NIL

Fair value of plan assets at the end of the period 11748.42 13847.07

Excess of Obligation over Plan Assets 2877.99 2296.26

(`. in Lakhs)

III. Expenses recognized in the statement of For the year ended For the year endedProfit & Loss 31st March, 2015 31st March, 2014

a) Current service Cost 189.83 264.53b) Interest Cost 1291.47 1441.48c) Expected return on Plan Assets 1117.36 1220.73d) Net Actuarial (gain)/loss recognized 275.01 246.48

in the periodExpenses recognized in the statement of 638.94 731.76Profit & Loss

(`. in Lakhs)

IV. Amounts recognized in the Balance Sheet As at 31st As at 31stMarch, 2015 March, 2014

a) Present value of Obligation as at the end of the period 14626.41 16143.33 b) Fair value of Plan Assets at the end of the period 11748.42 13847.07 c) Funded Status (2877.99) (2296.26) d) Liability recognized in Balance Sheet ** 2930.02 2348.29

** The above amount includes `. 52.03 Lakhs towards gratuity payable to ex-employees whichis not claimed by them as at 31-3-2015.

138 48dt dm{f©H$ [anmoQ>© 2014-15

IV. `moOZm n[ag§npËV`m| Ho$ _w»` loUr:

bmJy Zht h¡& `Wmo{h {Z{Y H$mo; {Z{Y n«~§YH$, Ho$ÝÐr` H$m`m©b`, ^maVr` OrdZ ~r_m {ZJ_ Ho$ {d{Zdoe {d^mJ _| {Zdoe {H$`m J`mh¡&

V. n«_wI AdYmaUmE± 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

E) Ny>Q> H$s Xa 8% 8%

~r) doVZ d¥{Õ Xa 6% 4%

gr) `moOZm n[ag§npËV`m| na g§ m{dV [aQ>Z© H$s Xa 9.15% 9.05%

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B©) Nw>Q²>Q>r ZH$XrH$aU :

A{O©V Nw>Q²>Q>r/ì`dgm` Nw>Q²>Q>r H$mo H$_©Mmar Ho$ O_m Nw>Q²>Q>r Ho$ A{YH$V_ 50% Nw>Q²>Q>r Bg pñW{V _| ZH$XrH¥$V H$a gH$Vm h¡ {H$ EH$ ~ma _|ZH$XrH¥$V H$s OmZo dmbr Nw>Q>²>Q>r 10 {XZ go H$_ Z hmo Am¡a A{O©V Nw>Q²>Q>r H$s pñW{V _| A{YH$V_ 54 {XZ, ì`dgm` Nw>Q²>Q>r H$s pñW{V _|A{YH$V_ 90 {XZm| go A{YH$ Z hmo& `Ú{n, H$_©Mmar A{Yd{f©Vm/ drAma/ Ë`mJ nÌ/ g_mnZ hmoZo na A{YH$V_ 180/300 {XZ godm§V{hVbm^ Ho$ hH$Xma h¡& `moOZm A{Z{YV Am¡a Xo Vm dmñV{dH$ _yë`Z Ho$ AmYma na _m{ZV h¡& é. 7248.39 bmI (JV df© é. 6645.59bmI) na 31-03-2015 VH$ Nw>Q²>Q>r ZH$XrH$aU Xo Vm Ho$ dmñV{dH$ _yë`Z Ho$ AZwgma Nw>Q²>>Q>r Xo Vm aIZo Ho$ {bE df© 2014-15 Ho$ Xm¡amZé.2376.31 bmI (JV df© é. 1982.05 bmI) n«XmZ {H$`m J`m&

doVZ ~‹T>moËVar H$s dmñV{dH$ nyd©YmaUm 6% (JV df© 4%) Am¡a Ny>Q> 8% (JV df© 8%) h¡&

E\$) gJo_oÝQ> [anmo{Qª>J (EEg-17)

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V. Major Category of plan assets:

Not applicable as the funds were invested through Fund Manager, Central Office, InvestmentDepartment of Life Insurance Corporation of India.

VI. Principal Assumptions As at As at31st March, 2015 31st March, 2014

a) Discounting Rate 8% 8%

b) Salary Escalation rate 6% 4%

c) Expected rate of return on plan assets 9.15% 9.05%

The estimates of future salary increase considered in actuarial valuation have factored in inflation,seniority, promotion and other relevant factors.

E) Leave Encashment:

Earned Leave/Vocation Leave can be encashed to a maximum of 50% of the leave at the credit of theemployee subject to the condition that the leave encashed at a time shall not be less than 10 days andshall not be more than 54 in case of Earned Leave, 90 days in case of Vocation Leave. However,employees are entitled to a maximum of 180 / 300 days towards the terminal benefits on superannuation/VR/Resignation/Termination. The scheme is unfunded and liability is recognized on the basis of actuarialvaluation. An amount of `.2376.31 lakhs (previous year `.1982.05 lakhs) has been provided duringthe year 2014-15 to keep the leave liability as per the actuarial valuation of leave encashment liabilityas on 31st March, 2015 at `.7248.39 lakhs (previous year `. 6645.59 lakhs).

The actuarial assumption for salary rise is 6% (Previous Year 4%) and discount rate is 8% (PreviousYear 8%).

F) SEGMENT REPORTING (AS-17)

The company is engaged mainly in electronic products and services and considered as a single segmentfor the purpose of Accounting Standard -17 as per strategic reasons. The Company has sought forexemption from disclosure with particular reference to Para 5(ii)(a) to 5(ii)(c) of Schedule II to theCompanies Act, 2013 as stated vide Note no.33 above.

During the year under report, substantial part of the Company’s business has been carried in India.The conditions prevailing in India being uniform, no separate geographical disclosures are considerednecessary.

140 48dt dm{f©H$ [anmoQ>© 2014-15

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lr nr. gwYmH$a AÜ`j Ed§ n«~§Y {ZXoeH$ Am¡a 21.91 2.28 4.85 29.04{ZXoeH$ (VH$ZrH$s) (19.94) (2.06) (5.85) (27.85)

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Hw$b `moJ 73.26 7.61 12.48 93.35(58.08) (5.99) (12.16) (76.23)

*H§$nZr A{Y{Z`_, 2013 Ho$ A§VJ©V _w»` n«~§YZ H$m{_©H$ Ho$ {ZíM`Z _| n[adV©Z Ho$ H$maU Omo JV df© em{_b Zht {H$E JE do {dËVr`df© 2014-15 go n« mdr h¡&

ii) _ogg© B©grAmB©Eb-a¡{nñH$mZ, Amo.Eg.AmB©. Ho$ gmW EH$ gr{_V g§ wŠV ZdmoÚ_ (Oo.dr.) H§$nZr H$s BpŠdQ>r eo a ny±Or _| H§$nZr H$mo49% eo a h¡&

boZXoZ H$m ã`m¡am: (én o bmIm| _|)


_mb H«$` 356.94 331.81

_mb H$s {~H«$s eyÝ` 2.45

Oo.dr. H$mo n«XmZ H$s JB© godmE± eyÝ` 1.40

Oo.dr. go n«má godmE± 921.06 573.08

EoOoÝgr n«~§YZ (_mZd epŠV) 1675.00 1289.70

Oo.dr. H$mo Xo am{e 467.24 453.51

Oo.dr. H$mo n«mß` am{e 11.43 26.38


G) RELATED PARTY TRANSACTIONS (Pursuant to Section 188 of the Companies Act, 2013) &RELATED PARTY DISCLOSURE (AS-18):

i) Remuneration to Key Management Personnel – `. 93.35 Lakhs (Previous year 76.23 Lakhs) asdetailed below:

(`. in Lakhs)

Name of the Key Position Held Salary Contribution Pension TotalManagement to PF and otherPersonnel benefits

Shri P Sudhakar C&MD and Director 21.91 2.28 4.85 29.04(Technical) (19.94) (2.06) (5.85) (27.85)

Shri Kishor Rungta Director (Finance) 20.92 2.17 3.07 26.16(19.22) (1.98) (2.98) (24.18)

Shri V S B Babu Director (Personnel) 20.81 2.16 3.06 26.03(18.92) (1.95) (3.33) (24.20)

Shri Jai Bhagwan Company Secretary 9.62 1.00 1.50 12.12Sharma *

Grand Total 73.26 7.61 12.48 93.35(58.08) (5.99) (12.16) (76.23)

*not included in the previous year as the change in definition of Key Management Personnel underCompanies Act, 2013 is effective from F.Y 2014-15.

ii) The Company has 49% stake in the equity share capital of M/s ECIL-Rapiscan Limited, a jointventure with OS Inc.

Details of transactions:(`. In lakhs)

Particulars For the year ended For the year ended31st March, 2015 31st March, 2014

Purchase of Goods 356.94 331.81

Sale of goods Nil 2.45

Services rendered to JV Nil 1.40

Services received from JV 921.06 573.08

Agency arrangements (manpower) 1675.00 1289.70

Amounts payable to JV 467.24 453.51

Amounts receivable from JV 11.43 26.38

142 48dt dm{f©H$ [anmoQ>© 2014-15

EM) brμO boZXoZ (EEg-19):

brμO Ho$ AmYma na n[aMmbZ hoVw {XE JE n[ag§npËV`m± (én o bmIm| _|)

31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog_má df© hoVw g_má df© hoVw

n[ag§npËV`m| H$s loUr ^dZ ^dZ

df© Ho$ Xm¡amZ A{O©V brμO aoÝQ>b 80.82 31.18

J¡a-{ZañVaU `mo½` brμOm| na n«má Ý yZV_ brμO aoÝQ>b:

EH$ gmb go Á`mXm Zht 41.95 52.38

EH$ gmb go Á`mXm VWm nm±M gmb go H$_ 152.33 169.32

nm±M gmb go Á`mXm 83.07 83.07

n[ag§npËV`m| H$s {Zdb _yë` 186.55 53.86

Mmby df© _| _yë`ömg 2.89 0.87

g§{MV _yë`ömg 67.94 30.92

gH$b _yë` 118.61 22.94

H§$nZr Ho$ ZdrH$aU brO AZw~§Y _| n«doe H$aZo go H$m`m©b` n«m§JU n«MmbZ brO na {X`m h¡& brO {H$amE Ho$ g§~§Y _| d¥{Õ brO AZw~§Y Ho$AZwgma Ohm± ^r bmJy hmo _mÝ`Vm Xr JB© h¡&

n[aMm{bV brμO na br JB© n[ag§npËV`m± (én o bmIm| _|)

31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mog_má df© hoVw g_má df© hoVw

n[ag§npËV`m| H$s loUr ^dZ ^dZ

df© Ho$ Xm¡amZ CnJV brμO aoÝQ>b 278.21 272.77

J¡a-{ZañVaU `mo½` brμOm| na n«má Ý yZV_ brμO aoÝQ>b:

EH$ gmb go Á`mXm Zht 233.74 220.49

EH$ gmb go Á`mXm VWm nm±M gmb go H$_ 380.98 183.38

nm±M gmb go Á`mXm 107.75 -

H§$nZr ZdrZrH¥$V brO AZw~§Y _| n«doe Ûmam n«MmbZ brO na H$m`m©b` n«m§JU, A{V{W J¥h Amdg {b`m h¡& brO Ho$ g§~§Y _| d¥{Õ Ho$ gmWAZw~§Y Ho$ AZwgma Ohm± ^r bmJy hmo _mÝ`Vm H$s JB© h¡&

H§$nZr Zo {H$gr n[ag§npËV H$mo {dËVr` brμO Ho$ VhV Zht br `m Xr h¡&


H) LEASE TRANSACTIONS (AS-19):

Assets given on Operating Lease: (`.in Lakhs)

For the year ended For the year ended31st March, 2015 31st March, 2014

Class of Assets Buildings Buildings

Lease Rental Earned during the year 80.82 31.18

Minimum Lease Rental on Non-cancellable Leases:

Not later than One year 41.95 52.38

Later than one year and not later than five years 152.33 169.32

Later than Five Years 83.07 83.07

Gross Value of Assets 186.55 53.86

Current Year Depreciation 2.89 0.87

Accumulated Depreciation 67.94 30.92

Net Value 118.61 22.94

The Company has leased out office premises on operating lease by entering into renewable leaseagreements. Escalation with respect to lease rentals have been considered wherever applicable, asper the lease agreements.

Assets Taken on Operating Lease: (`.in Lakhs)

For the year ended For the year ended31st March, 2015 31st March, 2014

Class of Assets Buildings Buildings

Lease Rental Incurred during the year 278.21 272.77

Minimum Lease Rental on Non-cancellable Leases:

Not later than One year 233.74 220.49

Later than one year and not later than five years 380.98 183.38

Later than Five Years 107.75 -

The Company has taken office premises, guest house accommodations on operating lease by enteringinto renewable lease agreements. Escalation with respect to lease rentals have been consideredwherever applicable, as per the lease agreements.

The company has not taken or given any assets under Finance Lease.

144 48dt dm{f©H$ [anmoQ>© 2014-15

AmB©) n«{V eo a AO©Z (EEg-20):

EEg-20 Ho$ AZwgma JUZm H$s JB© Am` n«{V eo a ZrMo Xem©B© JB© h¡&


Ý y_aoQ>a :bm^ Ed§ hm{Z {ddaU Ho$ AZwgma H$a Ho$ ~mX gH$b bm^ é.5017.77 bmI é. 4739.15 bmI

{S>Zm°{_ZoQ>a :BpŠdQ>r eàm| H$s g§»`m 1633712 (g§»`m _|) 1633712 (g§»`m _|)

df© Ho$ Xm¡amZ Am~§{Q>V BpŠdQ>r eo am| H$s g§»`m eyÝ` eyÝ`

Am` n«{V eo a H$s JUZm Ho$ {bE BpŠdQ>r eo am| H$s ^m[aV Am¡gV 1633712 (g§»`m _|) 1633712 (g§»`m _|)g§»`m (_yb Ed§ VZwH¥$V)

BpŠdQ>r eo a Ho$ gm_mÝ` _yë` é. 1000/- é. 1000/-

H$_mB© n«{V eo a (_yb Ed§ VZwH¥$V) é. 307.14 é. 290.08

Oo) {dH$mgmYrZ A_yV© n[ag§npÎm`m± (EEg-26) :

g§JR>Z Ho$ {ZpíMV joÌm| _| B©Amanr _m°S>çyb Ho$ b§{~V H$m`m©Ýd`Z, CÚ_ g§gmYZ `moOZm (bmBg|g Am¡a H$m`m©Ýd`Z hoVw) na {H$`m J`m nyU©ì`` ZmoQ> g§. 12 Ho$ A§VJ©V {dH$mgmYrZ A_yV© n[ag§npÎm`m| Ho$ A§VJ©V aIm OmVm h¡ Am¡a df© Ho$ Xm¡amZ H$moB© ^r am{e n[aemo{YV Zht H$sJB© h¡&

Ho$) n[ag§npÎm H$s hm{Z (Eg-28):

Am§V[aH$ Ed§ dmh² H$maH$m| Ho$ _yë`m§H$Z Ho$ AmYma na n[ag§npÎm H$s hm{Z Ho$ {bE H$moB© n«mdYmZ Amdí`H$ Zht g_Pm J`m h¡, `Wmo{hn[ag§npËV`m| H$s aI - aImd _yë` go A{YH$ h¡&

Eb) n«mdYmZ, n«mg§{JH$ Xo VmE± VWm n«mg§{JH$ n[ag§npÎm`m± (EEg-29)

E) EEg-7 Ho$ AZwgma CËnmX {~H«$s na 0.5% Ed§ {Z_m©U g§{dXmAm| H$s amOñd _mÝ`Vm na 2% H$s dma§Q>r ì`` Ho$ {bE n«mdYmZ aIm J`mh¡& n«mdYmZm| Ho$ {ddaU {ZåZdV h¡:

(én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

CËnmX EEg-7 Ho$ CËnmX EEg-7 Ho${~H«$s na A§VJ©V {~H«$s na A§VJ©V

g§{dXmAm| na g§{dXmAm| na

AW eof 782.27 2548.70 694.01 2380.55

df© Ho$ Xm¡amZ {H$E JE n«mdYmZ 305.65 664.27 345.76 581.98

n« wŠV / AdpñWV am{e 454.41 285.27 257.50 413.83(AWm©V n«mdYmZ Ho$ gmnoj CnJV Ed§ n« m[aV)

A§V eof 633.51 2927.70 782.27 2548.70


I) EARNINGS PER SHARE (AS-20):

Earnings per share as per AS-20 are calculated as shown below:


Numerator :Net Profit after tax as per Statement of Profit and Loss `. 5017.77 Lakhs `. 4739.15 Lakhs

Denominator :Number of equity shares 1633712 Nos 1633712 Nos

Number of equity shares allotted during the year NIL NIL

Weighted average number of equity shares forcalculation of earnings per share (Basic & Diluted) 1633712 Nos 1633712 Nos

Nominal value of equity share `.1000/- `.1000/-

Earnings per share (Basic & Diluted) `. 307.14 `. 290.08

J) INTANGIBLE ASSETS UNDER DEVELOPMENT (AS-26):

Pending implementation of ERP modules in specific areas of the Organization, the entire expenditureincurred on Enterprise Resource Planning (towards Licenses and Implementation) is kept underIntangible Assets under development under Note no.12 and no amount has been amortized during theyear.

K) IMPAIRMENT OF ASSETS (AS-28):

Based on the assessment of internal and external factors, no provision for impairment of assets isconsidered necessary as the realizable value of assets is more than the carrying cost of the assets.

L) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS (AS-29):

(a) Provision is made for warranty expenditure at 0.5% on product sales and at 2% on revenuerecognized on Construction contracts under AS-7, the details of provisions made are as under:

(`. In Lakhs)

Particulars As at As at31st March,2015 31st March,2014

On On On Onproduct contracts product contractssales under AS-7 sales under AS-7

Opening Balance 782.27 2548.70 694.01 2380.55

Provisions made during the year 305.65 664.27 345.76 581.98

Amounts used / reversed (i.e, incurred andcharged against provision) 454.41 285.27 257.50 413.83

Closing balance 633.51 2927.70 782.27 2548.70

146 48dt dm{f©H$ [anmoQ>© 2014-15

~r) n«mg§{JV Xo VmE± VWm ny±OrJV n«{V~ÕVm(én o bmIm| _|)

H«$. ã`m¡am 31 _mM©, 31 _mM©,g§. 2015 H$mo 2014 H$mo

i) n«mg§{JV Xo VmE± (gr_m§V VH$ n«XmZ Zht H$aZo Ho$ {bE)

E) H§$nZr Ho$ {déÕ Xmdo, F$U Ho$ ê$n A{^ñdrH¥$V Zht {H$E JE

i) Ý`m`mb`/ A{Y{ZU© Ho$ _wH$X_| 652.86 697.71

ii) gaH$mar n«m{YH$aUm| Ûmam H$s JB© _m±Jo Ed§ H§$nZr Ho$ {déÕ XO© Anrbo; 13541.83 9497.12H$amYmZ g§~§Yr _m_bm| Ho$ {bE n«mdYmZ Zht {H$E JE(é. 3945.56 bmI _yë` H$s am{e em{_b JV df© é. 224.90 bmIOmo g§{dXm H$s eVm] Ho$ AZwgma Cn-g§{dXmH$mam| go dgybr `mo½` h¡)

~r) AÝì) gmI- nÌ 5341.93 3853.47ii) AÝ` 1715.79 2693.69iii) {ZJ_r` Jma§Q>r 30251.62 15967.83iv) j{Vny{V© ~m§S> 21549.98 30546.46

gr) H$moB© ^r n«mdYmZ H$a H$s AJbr Cƒ Xa na AmH${bV é.781.90 bmI H$s {d oXH$ {~H«$s H$a Xo Vm Ho$ g§~§Y _| Amdí`H$ _mÝ`h¡ Omo {H$ df© 2012-13 go 2014-15 (JV df© é. 1112.97 bmI) Ho$ {bE b§{~V {ZYm©aU Ho$ g§~§Y _| gm§{d{YH$ \$m°_© Ho$An«m{á Ed§ n«ñVwVr Ho$ {bE H§$nZr go Ow‹S> gH$Vo h¡, O¡gm {H$ H§$nZr ì`mdgm{`H$ H$a {d^mJ hoVw AmJo n«ñVwVr Ho$ {bE J«mhH$m| gogm§{d{YH$ \$m°_© g§J«hU H$aZo hoVw AmídñV h¡&

S>r) {X. 31.03.2015 VH$ Zm{^H$s` j{V na Ag¡{ZH$ Xm{`Ëd, A{Y{Z`_, 2010 H$s eVm] Ho$ A§VJV© AmZo dmbr {H$gr n«H$ma H$sgK{ZV `m n«mg§{JH$ Xo VmE± _m¡OyX Zht h¡&

ii) ny±OrJV n«{V~ÕVm (én o bmIm| _|)

H«$. ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014 H$mo

ny±OrJV ImVo _| Ag§nyU© g§{dXmAm| H$s AZw_m{ZV am{e, {OZHo$ {bE 1778.34 2165.56n«mdYmZ Zht h¡ (A{J«_m| H$s {Zdb)

ZmoQ> 35 : {ZJ_r` gm_m{OH$ Xm{`Ëd (grEgAma)

H§$nZr A{Y{Z`_, 2013 H$s Ymam 135 Am¡a {ZJ_r` gm_m{OH$ Xm{`Ëd H$s J{V{d{Y`m| Ho$ A§VJ©V ~ZmE JE {Z`_m| Ho$ AZwgma B©grAmB©EbZo {dËVr` df© 2014-15 Ho$ Xm¡amZ {ZJ_r` gm_m{OH$ Xm{`Ëd H$s J{V{d{Y`m| Ho$ {bE é. 70.65 bmI én o n«má Am¡a bm^-hmZr Ho$ H$WZgo H$Q>m¡Vr H$s h¡& O~{H$ JV df© é. 74.65 bmI H$s am{e Cn w©ŠV ê$n go Ama{jV _| go {b`m J`m Wm&


(b) Contingent Liabilities and Capital Commitments(`. in Lakhs)

Sl. PARTICULARS As at 31st As at 31stNo. March,2015 March,2014

i) Contingent liabilities (to the extent not provided for)

a) Claims against the company not acknowledged as debt

i) Court/Arbitration cases 652.86 697.71

ii) Demands from Government authorities and appeals 13541.83 9497.12filed against the Company not provided for in respectof taxation matters (includes an amount of`.3945.56 Lakhs (previous year `.224.90 Lakhs)recoverable from sub-contractor as per the termsof the contract)

b) Othersi) Letters of Credit 5341.93 3853.47ii) Others 1715.79 2693.69iii) Corporate Guarantees 30251.62 15967.83iv) Indemnity Bonds 21549.98 30546.46

c) No provision is considered necessary in respect of the differential sales tax liability of `.781.90lakhs estimated at next higher rate of tax that may devolve on the Company for non-receipt &submission of statutory forms in respect of pending assessments for the years 2012-13 to2014-15 (previous year `.1112.97 lakhs), as the company is confident of collecting the statutoryforms from the customers for onward submission to Commercial tax department.

d) There exists no liability whether crystallized or contingent as on 31.03.2015 in terms of the CivilLiability for Nuclear Damage Act, 2010.

ii) Capital Commitments: (`.in Lakhs)

Sl. PARTICULARS As at 31st As at 31stNo. March,2015 March,2014

Estimated amount of contracts remaining to be executed 1778.34 2165.56on capital account and not provided for (net of advances)

NOTE 35: Corporate Social Responsibility (CSR)

As per Section 135 of the Companies Act, 2013 and rules made there under on CSR Activities, ECILhas incurred an amount of `.70.65 lakhs towards Corporate Social Responsibility activities during theFinancial Year 2014-15 and debited to Statement of Profit and Loss while for the previous year anamount of `.74.65 lakhs was appropriated out of Reserves.

148 48dt dm{f©H$ [anmoQ>© 2014-15

{ZJ_r` gm_m{OH$ Xm{`Ëd H$s J{V{d{Y`m| na IM© H$s OmZo hoVw ì`` am{e Am¡a {dËVr` df© 2014-15 Ho$ {bE H§$nZr A{Y{Z`_, 2013Ho$ AZwgma {dËVr` ã`m¡am {ZåZ h¡ :-

H«$.g§. {ddaU am{e bmIm| _|

1 H§$nZr A{Y{Z`_, 2013 H$s Ymam 198 Ho$ AZwgma {nN>br VrZ {dËVr` dfm] Ho$ 15471.35Hw$b {Zdb bm^

2 Hw$b bm^ H$m Am¡gV 5157.12

3 {ZJ_r` gm_m{OH$ Xm{`Ëd hoVw H§$nZr A{Y{Z`_, 2013 Ho$ A§VaYmam 135 {M{•V n«{VeV 2%

4 {dËVr` df© 2014-15 Ho$ {bE {ZJ_r` gm_m{OH$ Xm{`Ëd na ì`` H$s JB© am{e 103.14

5 {dËVr` df© 2014-15 Ho$ Xm¡amZ {ZJ_r` gm_m{OH$ Xm{`Ëd na dmñV{dH$ n«má am{e 70.65

AmB©grEAmB© Ûmam {ZJ_r` gm_m{OH$ Xm{`Ëd na Omar {ZXoeZ ZmoQ> 17(~r) n¡am Ho$ AZwgma grEgAma J{V{d{Y`m| na B©grAmB©Eb Ûmam {H$EJE ì`` H$m ã`m¡am {ZåZ n«H$ma h¡ :-

(én o bmIm| _|)

H«$.g§. {ddaU ZH$X ZH$X wJVmZ Ho$ {bE eof Hw$b

(i) {Z_m©U/ A{YJ«hU H$s n[ag§npËV eyÝ` eyÝ` eyÝ`(ii) Cn w©ŠV (i) Ho$ Abmdm 55.37 15.28 70.65

ZmoQ> 36: AÝ`

i. {dXoer _wÐm _| ì``(n«mdYmZ em{_b Zht)(n«H$Q>rH$aU go Ny>Q> Xr JB© _Xm| H$mo N>mo‹S> AÝ` _X|- {Q>ßnUr g§. 31 XoI|)

(én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014g_má df© hoVw H$mo g_má df© hoVw

{dXoer `mÌm 19.71 55.61

Hw$b 19.71 55.61

ii. {Z`m©Vm| Ûmam AO©Z: (_m{ZV {Z`m©V em{_b) (én o bmIm| _|)

ã`m¡am 31 _mM©, 2015 H$mo 31 _mM©, 2014g_má df© hoVw H$mo g_má df© hoVw

{Z`m©V - CËnmX 38.42 240.28

Hw$b 38.42 240.28

iii. ì`mnma XoZXm[a`m| _| é. 3800.84 bmI (JV df© é. 3344.05 bmI) em{_b h¡ Omo gyú_ VWm bKw CÚ_m| H$mo Xo h¡&


The amount of expenditure to be spent on CSR activities and financial details as per the CompaniesAct, 2013 for the F.Y 2014-15 are as under:

S.No Particulars Amount `. in Lakhs

1 Aggregate net profits of last three financial years as perSection 198 of the Companies Act, 2013 15471.35

2 Average of net profits 5157.12

3 Earmarked percentage U/s 135 of the Companies Act, 2013towards CSR Activities 2%

4 Amount to be spent towards CSR Activities for the F.Y 2014-15 103.14

5 Amount actually incurred on CSR Activities during F.Y 2014-15 70.65

As per Paragraph 17(b) of the Guidance Note on CSR issued by ICAI, the details of expenditureincurred by ECIL on CSR activities are as follows:

(`.in Lakhs)

S.No Particulars In Cash Yet to be paid in Cash Total

(i) Construction/Acquisition of asset Nil Nil Nil

(ii) Other than (i) above: 55.37 15.28 70.65

NOTE 36: OTHERS

i. Expenditure in Foreign Currency (excluding provision)(Other than exempted from disclosure – refer note no.31)

(`. in Lakhs)


Foreign Travel 19.71 55.61

TOTAL 19.71 55.61

ii. Export Earnings: (including Deemed Exports)(`. in Lakhs)


Exports – Products 38.42 240.28

TOTAL 38.42 240.28

iii. Trade Payables include an amount of `.3800.84 Lakhs (previous year `.3344.05 lakhs) towardsthe outstanding dues to Micro Enterprises and Small Enterprises.

150 48dt dm{f©H$ [anmoQ>© 2014-15

gyú_ VWm bKw CÚ_m| go g§~Õ n«H$Q>rH$aU ZrMo {X`m J`m h¡:(én o bmIm| _|)

ã`m¡am 31 _mM©, 31 _mM©,2015 H$mo 2014 H$mo

E) boIm§H$Z df© Ho$ A§V VH$ Amny{V©H$Vm© H$mo ~H$m`m _yb am{e 3800.84 3344.05

~r) boIm§H$Z df© Ho$ A§V VH$ Amny{V©H$Vm© H$mo _yb am{e na ~H$m`m ã`mO 51.86 62.56

gr) boIm§H$Z df© Ho$ Xm¡amZ {Z`V {XZ Ho$ Cnam§V wJVmZ H$s JB© am{e Ho$ eyÝ` eyÝ`gmW-gmW E_EgE_B©S>r A{Y{Z`_, 2006 H$s Ymam 16 Ho$ AZwgma wJVmZH$s JB© ã`mO H$s am{e

S>r) Xoar go wJVmZ H$aZo na Cg Ad{Y Ho$ {bE Xo ã`mO am{e (df© Ho$ Xm¡amZ{OgH$m wJVmZ Vmo {H$`m J`m h¡, naÝVw {Z`V {V{W Ho$ ~mX), A{Y{Z`_ _|C{„{IV ã`mO H$mo g_m{hV {H$E ~J¡a& eyÝ` eyÝ`

B©) n«Ë oH$ boIm§H$Z df© Ho$ A§V VH$ Cnm{O©V VWm eof ã`mO am{e 51.86 62.56

E\$) wJVmZ Ho$ {bE eof/ Xo am{e {OgH$m wJVmZ AmZo dmbo dfm] _| ^r, eyÝ` eyÝÒ~ VH$ bKw CÚ_m| H$mo Xo ã`mO am{e nyU© ê$n go wJVmZ Zht {H$E OmVo,{H$`m OmZm h¡&

iv. _mbgy{M`m| _| gpå_{bV:Cn g§{dXmH$mam| Ho$ AYrZ {dÚ_mZ eyÝ` (JV df© é. 83.72 bmI) _yë` H$s gm_J«r VWm é. 3.51 bmI (JV df© é. 3.74 bmI)_yë` H$s V¡ ma _mb n«Xe©Z /AZw_moXZ Ho$ {bE oOr JB©&

v. CnH$aU Am¡a n«Umbr dJ© _| F$Um| H$s g_P _| O{Q>bVmAm| Amd¥V Ho$ AmYma na H§$nZr Zo bm^ Am¡a hm{Z Ho$ n«mdYmZ _| g§XohmñnX F$Um|Am¡a AndmX _Xm| Ho$ A§VJ©V Omo {XIo é. 2500 bmI (JV df© CnH$aU Am¡a n«Umbr dJ© Am¡a gyMZm n«m¡Úmo{JH$s Ed§ Xya g§Mma dJ© Ho$gmW é. 3780.66 bmI) H$m nyU© n«mdYmZ ~Zm`m&

vi. _ogg© ^maV S>m`Zm{_Šg {b{_Qo>S> Ho$ Am°S©>a Ho$ gmnoj V¡ ma H$s JB© Xmo E_grdr Am¡a EH$ E_grnr, {OgH$s {~H«$s _m{ZV H$s JB© WrJ«mhH$ Ho$ AZwamoY na 10 dfm] go ^r A{YH$ g_` go H§$nZr Ho$ n[aga _| aIm J`m h¡ Am¡a H§$nZr H$mo J«mhH$ go é. 23.94 bmI Xoh¡&

vii. \w$Q>H$a boZXmZ, XoZXma, n«má/ wJVmZ {H$E JE A{J«_ erf©H$ Ho$ A§VJ©V Xem©E JE eof ñnï>rH$aU Ed§ AZwdVu g_m`moOZ (`{X hmoVmo) Ho$ `mo½` h¡§&

viii. `{X hmo Vmo, JV df© erf©H$ Ho$ A§VJ©V Xem©E JE Am±H$S|> nwZd©JuH¥$V {H$E JE Ohm± Mmby df© H$s CnbpãY H$mo AbJ {XImZm h¡&

* * * * * * *


The disclosure relating to Micro and Small Enterprise is given below:(`. in Lakhs)

PARTICULARS As at 31st As at 31stMarch,2015 March,2014

a) The principal amount remaining unpaid to any supplier as 3800.84 3344.05at the end of the accounting year

b) The interest due thereon remaining unpaid to any 51.86 62.56supplier as at the end of the accounting year

c) The amount of interest paid in terms of section 16 of NIL NILMSMED Act, 2006 along with the amount of paymentmade beyond the appointed day during the accounting year

d) The amount of interest due and payable for the period NIL NILof delay in making payment (which have been paid butbeyond the appointed day during the year) but without adding the interest specified under the Act.

e) The amount of interest accrued and remaining unpaid 51.86 62.56at the end of each accounting year

f) The amount of further interest remaining due and NIL NILpayable even in the succeeding years, until such datewhen the interest dues as above are actually paid tothe small enterprise

iv. Inventories include:Material with sub contractors amounting to `. Nil (previous year `. 83.72 lakhs) and Finishedgoods amounting to `.3.51 lakhs (previous year `.3.74 lakhs) sent on demonstration/exhibition/approval.

v. On account of complexities involved in realization of debts in Instruments and Systems Group,the Company has made an aggregate provision of `.2500 lakhs (Previous Year `.3780.66 lakhscomprises of Instruments & Systems Group and Information Technology & Telecom Groups)towards doubtful debts and shown under exceptional items in the Statement of Profit and Loss.

vi. Two MCV and one MCP against the order of M/s. Bharat Dynamics Limited on which sale wasrecognized has been retained in the premises of the Company for more than 10 years at therequest of the customer and an amount of `. 23.94 lakhs is due from the customer.

vii. The balances shown under Sundry Debtors, Sundry Creditors, Advances Received and AdvancesPaid are subject to confirmation and consequent reconciliation, if any.

viii. Figures relating to previous year are either suitably regrouped or recast wherever considerednecessary to confirm to the current year’s classification.

* * * * * * *

152 48dt dm{f©H$ [anmoQ>© 2014-15

Shri P Sudhakar, C&MD, ECIL explaining the working of EVM and VVPAT printer toShri Bandaru Dattatreya, Hon’ble Minister of State for Labour & Employment

Dr. R. Chidambaram, Principal Scientific Advisor to the Govt. of India with Shri P. Sudhakar, C&MD, ECIL andother Directors at the Photo exhibition on Dr.A.S. Rao organized as part of

Dr. AS Rao’s Birth Centenary Celebrations at ECIL

lr nr. gwYmH$a, An«{Z, B©grAmB©Eb; lr ~§S>mê$ XÎmmÌo , _mZZr` l_ Ed§ amoOJma amÁ`_§Ìr H$moB©drE_ VWm drdrn¡Q> {n«ÝQ>a H$m H$m © n«Umbr g_PmVo hþE

S>m°. Ama. {MX§~a_, n«YmZ d¡km{ZH$ gbmhH$ma, ^maV gaH$ma B©grAmB©Eb _| Am`mo{OV S>m°. E.Eg. amd, OÝ_-eVmãXr g_mamoh Ho$ Adgana lr nr. gwYmH$a, An«{Z, B©grAmB©Eb Ed§ AÝ` {ZXoeH$m| Ho$ gmW S>m°. E.Eg. amd na {MÌ-n«Xe©Zr H$mo XoIVo hþE


Distribution of school bags to the students of Zilla Parishad High School, Kapra byShri P. Sudhakar, C&MD, ECIL under CSR initiative in the presence of Shri VSB Babu, Director (P), ECIL;

Shri NVSS Prabhakar, Member of Legislative Assembly, Uppal Constituency

Medical camp for girl students at Mandal Parishad Primary School organised by ECIL as a CSR activity

lr nr. gwYmH$a, An«{Z, B©grAmB©Eb Ûmam {ZJ_r` gm_m{OH$ Xm{`Ëd H$m ©H«$_ Ho$ A§VJ©V lr dr.Eg.~r. ~m~w, {ZXoeH$ (H$m{_©H$),B©grAmB©Eb VWm lr EZdrEgEg n« mH$a, {dYm`H$, Cßnb {dYmZ g^m joÌ H$s CnpñW{V _| {Obm n[afX hmB©ñHy$b,

H$mnam Ho$ N>mÌm| H$mo "ñHy$b ~¡J' {dVaU

B©grAmB©Eb Ûmam {ZJ_r` gm_m{OH$ Xm{`Ëd {H«$`mH$bmn Ho$ A§VJ©V _§S>b n[afX n«mW{_H$ {dÚmb` H$s N>mÌmAm| hoVw {M{H$Ëgm H¡$ån

154 48dt dm{f©H$ [anmoQ>© 2014-15

g§b¾H$-"B©'

ñdV§Ì boImnarjH$m| H$s [anmoQ©>

godm _|,gXñ`JU,BboŠQ´>m{ZŠg H$manmoaoeZ Am\$ B§{S>`m {b{_Qo>S>,h¡Xam~mX

{dÎmr` {ddaUm| na [anmoQ>©

h_Zo 31 _mM©, 2015 VH$ BboŠQ´>m{ZŠg H$manmoaoeZ Am\$ B§{S>`m {b{_Qo>S> (B©grAmB©Eb), (""X H§$nZr''), h¡Xam~mX Ho$ VwbZ nÌ Ed§ Cgr{XZm§H$ H$mo g_má df© H$s bm^-hm{Z {ddaU Am¡a ZH$Xr n«dmh {dVaU VWm Cggo g§b¾ _hËdnyU© boIm§H$Z Zr{V`m| Ed§ AÝ`{ddaUmË_H$ gyMZmAm| H$s boImnarjm H$s h¡&

{dËVr` {ddaUm| Ho$ {bE n«~§YZ H$m Xm{`Ëd :-

H§$nZr Ho$ {ZXoeH$ _§S>b {dËVr` H$WZm| H$s V¡ m[a`m| Ho$ gmW H§$nZr A{Y{Z`_, 2013 (""A{Y{Z`_'') H$s Ymam 134 (5) _| C„o{IVVÏ`m| Ho$ {bE {Oå_oXma h¡ {H$ H§$nZr (boIm) {Z`_m|, 2014 Ho$ {Z`_m| Ho$ gmW n{R>V> A{Y{Z`_ H$s Ymam 133 Ho$ A§VJ©V {ZpíMVboIm§H$Z _mZH$m| g{hV& ^maV gaH$ma Ûmam AnZmE JE gm_mÝ` boIm§H$Z {gÕm§Vm| _| AZwê$nVm Ho$ gmW H§$nZr H$s {dËVr` pñW{V,{dËVr` {ZînmXZ Am¡a amoH$‹S> n«dmh H$s gË` Am¡a gQ>rH$ OmZH$mar X|& `h {Oå_oXm[a`m§ YmoImYam| g§gyMZ Ed§ amoH$Zo Ho$ {bE Am¡a H§$nZrH$s n[ag§npËV`m§ Ho$ g§a{jV ~Mmd Ho$ {bE A{Y{Z`_ Ho$ n«mdYmZm| Ho$ gmW g_mZwê$nVm _| n`m©ßV boIm§H$Z [aH$m°S©> Ho$ AZwajU VWmAÝ` A{Z`{_VVm; gQ>rH$ boIm§H$Z Zr{V Ho$ M`Z Ed§ AmdoXZ; {ZU© Am¡a AmH$bZ V¡ ma H$aZm Omo V{H©$H$ Ed§ {ddoH$nyU© hmo; Am¡aA{^H$ënZ H$m`m©Ýd`Z Ed§ n`m©á Am§V[aH$ {dËVr` {Z §ÌU H$m AZwajU {Ogo boIm§H$Z [aH$m°S©> H$s `WmW©Vm Ed§ nyU©Vm gw{ZpíMV H$aZoHo$ {bE n« mdr ê$n go g§Mm{bV {H$`m J`m hmo, {dËVr` H$WZm| H$s V¡ mar Am¡a n«Xe©Z go g§~§{YV Omo ghr Am¡a C{MV ê$n XoZm Am¡aAW`mW© gm_mZ go _wŠV, `Ú{n, H$nQ>> `m JbVr Ho$ H$maU g{hV h¡&

boImnarjH$ H$m Xm{`Ëd

Bg {dËVr` {ddaUm| na AnZo boImnarjm Ho$ AmYma na h_mam _V n«H$Q> H$aZm h_mar {Oå_oXmar h¡&

h_Zo boIm§H$Z Ed§ boImnarjU _mZH$ Am¡a VÏ`m| H$mo A{Y{Z`_ Ho$ n«mdYmZm| na {b`m h¡ Omo A{Y{Z`_ Ho$ n«mdYmZm| Am¡a BgHo$ A§VJ©V~ZmE JE {Z`_m| Ho$ A§VJ©V boImnarjm [anmoQ©> _| e{_b H$aZm Amdí`H$ h¡&

AmB©grEAmB© Ûmam Omar {H$E JE boIm narjm Ho$ _mZH$m| Ho$ AZwê$n h_Zo boIm narjU {H$`m h¡& A{Y{Z`_ H$s Ymam 143(10) Ho$A§VJ©V `h _mZH$ Anojm H$aVo h¡ {H$ VH©$g§JV AmídmgZ n«má H$aZo Ho$ {bE h_ Zr{VJV AnojmAm| Ed§ `moOZm Ho$ AZwgma boIm narjmH$a| Am¡a `h XoI| {H$ {dËVr` {ddaU gm_J«r {_gñQ>oQ>>_|Q²>g go _wŠV hmo&

{dÎmr` H$WZm| _| CX²>Km{Q>Vm| Am¡a am{eAm| Ho$ ~mao _| boImnarjm g~yV n«má H$aZo hoVw EH$ boImnarjm H$s nmbZ n«{H«$`m em{_b H$s JB©&boImnarjH$ Ho$ {dMmam| Ho$ AmYma na {dÎmr` H$WZ Ho$ _¡Qo>[a`b A`WmW© H$WZ Ho$ Omo{I_ Ho$ _yë`m§H$Z g{hV YmoIm Am¡a Ìw{Q>`m| Ho$


Annexure-E

Independent Auditors’ Report

ToThe MembersElectronics Corporation of India Limited,Hyderabad

Report on the Financial Statements

We have audited the accompanying financial statements of Electronics Corporation of India Limited(ECIL), (“the company”), Hyderabad, which comprise the Balance Sheet as at 31st March, 2015,the Statement of Profit & Loss, the Cash Flow Statement for the year then ended, and a summaryof the significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements:

The Company’s Board of Directors is responsible for the matters stated in Section 134 (5) of theCompanies Act, 2013 (“the Act”) with respect to the preparation of these financial statements thatgive a true and fair view of the financial position, financial performance and cash flows of theCompany in accordance with the accounting principles generally accepted in India, including theAccounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies(Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accountingrecords in accordance with the provisions of the Act for safeguarding the assets of the companyand for preventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable and prudent;and design, implementation and maintenance of adequate internal financial controls, that wereoperating effectively for ensuring the accuracy and completeness of the accounting records, relevantto the preparation and presentation of the financial statements that give a true and fair view andare free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards andmatters which are required to be included in the audit report under the provisions of the Act and therules made there under

We conducted our audit in accordance with the Standards on Auditing specified under Section143(10) of the Act.

Those standards require that we comply with ethical requirements and plan and perform the auditto obtain reasonable assurance about whether the financial statements are free from materialmisstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosuresin the financial statements. The procedures selected depend on the auditor’s judgment, including

156 48dt dm{f©H$ [anmoQ>© 2014-15

H$maU {ZpíMV n«{H«$`mE§ H$s OmVr h¡& BZ Omo{I_m| Ho$ _yë`m§H$Z _|, boImnarjH$, boImnarjm H$s ê$naoIm H$s n«{H«$`mAm| _| {dÎmr` H$WZm|Ho$ H§$nZr H$s V¡ m[a`m| Am¡a ghr n«Xe©Z hoVw Am§V[aH$ {Z §ÌU g§~§Ym| H$mo VaOrh XoVm h¡ Omo KQ>ZmAm| H$s X¥{ï> go gQ>rH$ h¢& {H$ÝVw H§$nZrH$s Am§V[aH$ {Z §ÌU n« mdm| na {dMma n«H$Q> H$aZo Ho$ CX²Xoí` go Zht h¡& EH$ boImnarjm, boIm Zr{V`m| Ho$ Cn`moJ Ho$ g{R>H$Vm Am¡a_yë`m§H$Z ^r em{_b h¡ Am¡a {dËVr` H$WZm| Ho$ nyU© n«Xe©Z H$a _yë`m§H$Z Ho$ gmW-gmW n«~§YZ Ûmam boIm-AmH$bZ Vm{H©$H$ ~Zm`m J`m&

h_| {dídmg h¡ {H$ h_mao `mo½` boImnarjm am` Ho$ {bE Omo boImnarjm gmú` n«má {H$`m J`m dh EH$ AmYma n«XmZ H$aZo Ho$ {bE C{MVEd§ n`m©á h¡&

`mo½` {dMma Ho$ {bE AmYma:

ì`mnma n«mß`, {d{dY boZXma, Amny{V©H$Vm©Am| H$mo {d{dY XoZXma A{J«_m|, J«mhH$m| go n«má A{J«_m|, B©E_S>r Ed§ gwajm O_mE±, dgybr `mo½`Xmdo, b§{~V nw{ï>`m±, gwbh Ed§ n[aUm_ñdê$n g_m`moOZ, `{X H$moB© hmo Vmo, Eogo ~H$m`m| H$m bm^ Ed§ hm{Z {ddaU VWm VwbZ nÌ na hmoZodmbo n« md _mnZ `mo½` Zht h¡&

A{^_V:

h_mao {dMma Am¡a CnbãY gyMZmAm| VWm "_mZo OmZo `mo½` {dMmam| Ho$ {bE AmYma' Ho$ n¡am _| {XE JE _m_bm| Ho$ A{V[aŠV {XE JE h_|{ddaU Ho$ AZwgma {dÎmr` {ddaU Bg n«H$ma H$s gyMZm XoVo h¢ {H$ do ^maV _| gm_mÝ`V: _mZo OmZo dmbo boIm§H$Z {gÕm§Vm| Ho$ AZwê$n31 _mM©, 2015 VH$ H§$nZr Ho$ ì`dhmam| go g§~§{YV bm^ Ed§ BgHo$ ZH$X àdmh Ho$ _m_bm| _| ghr Am¡a gQ>rH$ h¢&

{df` H$m _hËd

h_ {dËVr` H$WZm| Ho$ ZmoQ>mo _| {ZåZ {df`m| na Ü`mZ XoVo h¡§ :-

E) ZmoQ> 34(~r)(ii) Omo ^maVr` {Zdm©MZ Am`moJ Ûmam Xam| Ho$ b§{~V A§{V_ ê$n, BboŠQ´>m{ZH$ dmoqQ>H$ _erZ go g§~§{YV H§$Q´>mob y{ZQ>Am¡a ~¡bQ> y{ZQ> Ho$ Amny{V© Ho$ {bE Am` H$s AZ§{V_ _mÝ`Vm d{U©V H$aVo h¡Ÿ&

~r) ZmoQ> 33 {ZpíMV ã`moam ì`ŠV Z H$aZo Ho$ g§~§Y _| {ZJ_r` _m_bm| Ho$ _§Ìmb` go _m±Jr JB© Ny>Q> Ho$ b§{~V AZwXmZ O¡gm H§$nZrna_mUw D$Om© {d^mJ Ho$ VËdmdYmZ _| gm_[aH$ BboŠQ´>m{ZH$s joÌ _| H$m ©aV h¡&

h_mam _V BZ _m_bm| Ho$ g§~§Y _| `mo½` Zht h¡&

AÝ` {d{YH$ Ed§ {d{Z`m_H$ Amdí`H$VmAm| na [anmoQ©>

1) H§$nZr A{Y{Z`_, 2013 H$s Ymam 143 (11) Ho$ {Z`_m| _| Ho$ÝÐr` ^maV gaH$ma Ûmam Omar H§$nZr (boImnarjH$ [anmoQ©>) AmXoe,2015 (AmXoe) Ûmam Amdí`H$ Am¡a CZ ~¢H$m| Ho$ MoH$ Ho$ AmYma na Am¡a H§$nZr Ho$ [aH$m°S>m] na h_| gQ>rH$ Am¡a {XE JE gyMZmAm|Am¡a ñnï>rH$aU Ho$ AZwgma _mZVo h¡, h_ AmXoe Ho$ n¡am 3 Am¡a 4 _| {ZpíMV {df`m| na H$WZ AZwb¾H$ _o| XoVo h¢&

2) ^maV Ho$ {Z §ÌH$ Am¡a _hmboImnarjH$ Ûmam Omar {ZX}em| go g§~§{YV A{Y{Z`_ H$s Ymam 143(5) Ûmam Wmno{jV, h_ [anmoQ©> H$aVoh¢ {H$ :-


the assessment of the risks of material misstatement of the financial statements, whether due tofraud or error. In making those risk assessments, the auditor considers internal financial controlrelevant to the Company’s preparation of the financial statements that give a true and fair view inorder to design audit procedures that are appropriate in the circumstances, but not for the purposeof expressing an opinion on whether the Company has in place an adequate internal financialcontrols system over financial reporting and the operating effectiveness of the such controls. Anaudit also includes evaluating the appropriateness of accounting polices used and thereasonableness of the accounting estimates made by Company’s Directors, as well as evaluatingthe overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide abasis for our opinion on the financial statements.

Basis for Qualified Opinion

The balances appearing under Trade Receivables, Sundry Creditors, Advances to Suppliers andAdvances from Customers include certain amounts which are long outstanding. Pendingconfirmations, reconciliations and consequent adjustments, if any, of such balances, the impact ofthe same on the Statement of Profit and Loss and Balance Sheet, is not quantifiable.

Opinion:In our opinion and to the best of our information and according to the explanations given to us,except for the effects of the matter described in the ‘Basis for qualified Opinion’ paragraph, theaforesaid financial statements give the information required by the Act in the manner so requiredand give a true and fair view in conformity with the accounting principles generally accepted inIndia, of the state of affairs of the Company as at 31st March, 2015 and its Profit and its cash flowsfor the year ended on that date.

Emphasis of Matter:We draw attention to the following matters in the Notes to the financial statements:

a. Note 34(B)(ii) which describes the provisional recognition of income towards supply of ControlUnits and Ballot units pertaining to Electronic Voting Machines, pending finalization of price byElection Commission of India.

b. Note 33 regarding non-disclosure of certain details, pending grant of exemptions sought fromMinistry of Corporate Affairs as the company is in Strategic Electronics sector under aegis ofDepartment of Atomic Energy.

Our opinion is not qualified in respect of these matters.

Report on Other Legal and Regulatory Requirements1) As required by the Companies (Auditor’s Report) Order, 2015 (“the Order”), issued by the

Central Government of India in terms of Section 143(11) of Companies Act, 2013, and on thebasis of such checks of the books and records of the Company as we considered appropriateand according to the information and explanations given to us, we give in the Annexure astatement on the matters specified in paragraphs 3 and 4 of the Order.

2) As required by section 143(5) of the Act, with regard to the directions issued by the Comptrollerand Auditor General of India, we report that:-

158 48dt dm{f©H$ [anmoQ>© 2014-15

E) H§$nZr H$mo A~ VH$ {H$gr n«H$ma Ho$ {d{Zdoe _| Zhr§ nm`m J`m h¡&

~r) H§$nZr H$mo {nN>bo df© _| J«mhH$m| Ûmam n[a{ZYm©[aV ZwH$gmZr Ho$ A{YamonU Am¡a H§$nZr Ûmam JUZm, Aën g_` X§S> ómoV ñVago H$a H$Q>m¡Vr go g§~§{YV _m_bm| Ho$ boIm _| Ag_mZVm, {d oXH$ H$a BË`m{X Ho$ H$maU dgybr Z hmoZo na df© Ho$ Xm¡amZ Iam~Am¡a g§XohmñnX F$Um| Ho$ ê$n _| é. 2106.45 bmI H$m ZwH$gmZ hþAm h¡& Cgr n«H$ma é. 2,105.89 bmI VH$ Ho$ Iam~ Am¡ag§XohmñnX F$Um| Ho$ {bE {nN>bo df© _| g¥{OV n«mdYmZ Ho$ gmnoj _| g_m`mo{OV h¡ Am¡a eof é. 0.56 bmI Iam~ Am¡ag§XohmñnX F$Um| Ho$ ZwH$gmZ Ho$ ê$n _| bm^ Am¡a hm{Z Ho$ H$WZ go MmO© Am°\$ {H$`m J`m Wm&

gr) H§$nZr Zo Vrgar nmQ>u H$s _mb gy{M`m§ Am¡a gaH$ma Ed§ AÝ` n«m{YH$ma go nwañH$ma Ho$ ê$n _| n«má n[ag§npËV`m| Ho$ g§~§Y _|g_w{MV [aH$m°S©> aIm h¡&

S>r) b§{~V hmoZo Ho$ H$maU g{hV 70 b§{~V {d{Y/{ddmMZ _m_bm| H$s df©-dma {díbofU gyMr-1 Ho$ gmW g§b¾ h¡& H§$nZr g^rH$mZyZr _m_bm| Ho$ {bE ì`` Ho$ CnJV Ho$ {bE AmídñV _m°ZrQ>aU §Ì h¡& H$moB© ^r {dXoer H$mZyZr _m_b| b§{~V Zht h¡&

3) H§$nZr A{Y{Z`_, 2013 H$s Ymam 143(5) Ûmam `Wmno{jV h_ [anmoQ©> H$aVo h¡ {H$ :-

E) h_Zo _m±J H$s Am¡a `mo½` d¡Mm[aH$ n¡amJ«m\$ Ho$ AmYma na d{U©V {df` Ho$ n« md Ho$ Abmdm dh gmar OmZH$mar Ed§ ñnïr>H$aUn«má H$a {b`m h¡, Omo h_mar OmZH$mar Am¡a {dídmg Ho$ AZwgma boImnarjm Ho$ n« moOZ hoVw Amdí`H$ h¡;

~r) Cn w©ŠV mo½` d¡Mm[aH$ n¡amJ«m\$ Ho$ AmYma na d{U©V {df` Ho$ g§ m{dV n« md Ho$ Abmdm boIm ~wH$ Ho$ narjU Ho$ ~mX h_H$mo`h n«VrV hmoVm h¡ {H$ H§$nZr Zo AnZr boIm {hgm~ H$mo H$mZyZr X¥{ï> go Ano{jV T§>J go n«ñVwV {H$`m h¡&

gr) Bg [anmoQ©> _| {ZnQ>m o JE VwbZ nÌ, bm^ Ed§ hm{Z {ddaU VWm ZH$Xr n«dmh {ddaU boIm ~wH$ VWm h_mao g§~§Y Ho$ {~ZmemImAm| _| n«má [aQ>Z© go gmjV AZw~§{YV h¢&

S>r) d{U©V VÏ`m| Ho$ n« mgm| Ho$ N>mo‹S>H$a, VwbZ nÌ, `mo½` {dMmam| Ho$ AmYma na AZwÀNo>X H$m H$WZ, h_mao {dMmam| _| Am¡a Bg[anmoQ©> Ho$ AZwnmbZ hm{Z Am¡a amoH$‹S> n«dmh H$WZ Ho$ gmW ì`mnma Am¡a H§$nZr A{Y{Z`_

B©) O¡gm {H$ H§$nZr EH$ gaH$mar H§$nZr h¡, `h {ZJ_r` _m_bm| Ho$ _§Ìmb`, ^maV gaH$ma Ûmam A{YgyMZm OrAmaEg-B© {XZm§H$5 OyZ, 2015 H$mo Omar {ZXoeH$m| H$s Am`mo½`Vm g§~§Yr A{Y{Z`_ H$s Ymam 164 (2)Ho$ n«mdYmZm| go _wŠV h¡&

E\$) boIm| Ho$ AZwajU Am¡a BgHo$ gmW AÝ` {df`m| go g§~§{YV `mo½`Vm O¡gm {H$ Cn w©ŠV `mo½` d¡Mm[aH$ n¡amJ«m\$ Ho$ AmYma naì`ŠV {H$`m OmVm h¡&

Or) AÝ` {df`m| H$mo Ü`mZ _| aIVo hþE h_mao {dMma Ed§ h_mao gyMZmAm| Am¡a h_| {XE JE ñnï>rH$aUm| Ho$ AZwgma H§$nZr(boImnarjm Ed§ boImnarjH$) {Z`_, 2014 Ho$ {Z`_ 11 Ho$ AZwê$nVm _| boImnarjH$m| H$s [anmoQ©> g_m{hV {H$`m OmVmh¡&

i. H§$nZr Ho$ {dËVr` H$WZm| Ho$ {bE AnZo H$WZm| - g§X © ZmoQ> 34 Eb (~r)(i)(E) _| AnZr {dËVr` pñW{V 31 _mM©,2015 VH$ b§{~V _wH$X_m| Ho$ n« md Ho$ n«H$Q> {H$`m h¡;

ii. H§$nZr Zo b§~r Ad{Y g§{dXm - g§X © ZmoQ> - 5, 8, 9 Am¡a 34 Eb (E) na gm_J«r nyd© AZw_m{ZV hm{Z`m| Ho$ {bEn« moÁ` {d{Y Am¡a boIm§H$Z _mZH$m| Ho$ A§VJ©V Amdí`H$ n«mdYmZ ~ZmE h¡&


a. The company has not been selected for disinvestment till date.

b. The company has written off ` 2106.45 lakhs as bad and doubtful debts during the yearon account of non recoverability due to imposition of liquidated damages by the customersin earlier years and not accounted by the company, down time penalties, mismatch onaccount of issues relating to tax deducted at source, differential taxes etc,. The same isadjusted against the provision created in earlier years for bad and doubtful debts to theextent of ` 2,105.89 lakhs and the balance of 0.56 lakhs was charged off to the statementof profit and loss as write-off of bad and doubtful debts.

c. The company has maintained proper records in respect of inventories lying with the thirdparties and assets received as gift from Government and other authorities.

d. The age-wise analysis of 70 pending legal/arbitration cases including reasons for pendencyis enclosed vide Schedule-I. The company has a satisfactory monitoring mechanism forincurring of expenses for all legal cases. There are no pending foreign legal cases.

3) As required by Section 143(3) of Companies Act, 2013, we report that:

a. We have sought and, except for the effects of the matter described in the Basis of QualifiedOpinion paragraph, obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purposes of our audit;

b. Except for the possible effects of the matter described in the Basis for Qualified Opinionparagraph above, in our opinion proper books of account as required by law have beenkept by the Company so far as it appears from our examination of those books.

c. The Balance Sheet, the Statement of Profit & Loss and the Cash Flow Statement dealtwith by this Report are in agreement with the books of account and with the Returnsreceived from Branches not visited by us;

d. Except for the possible effects of the matter described in the Basis for Qualified Opinionparagraph, in our opinion, the Balance Sheet, Statement of Profit and Loss and CashFlow Statement comply with the Accounting Standards specified under Section 133 of theAct, read with Rule 7 of the Companies (Accounts) Rules, 2014.

e. As the Company is a Government Company, it is exempted from the provisions of Section164 (2) of the Act regarding disqualification of Directors vide Notification GSR-E dt. 5thJune, 2015 issued by the Government of India, Ministry of Corporate Affairs.

f. The qualification relating to the maintenance of accounts and other matters connectedtherewith are as stated in the Basis for Qualified Opinion paragraph above.

g. With respect to the other matters to be included in the Auditor’s Report in accordance withRule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the bestof our information and according to the explanations give to us;

i. The Company has disclosed the impact of pending litigations as at 31st March, 2015on its financial position in its financial statements – Refer Note 34L(b)(i)(a) to thefinancial statements;

ii. The Company has made provision as required under the applicable law and accountingstandards, for material foreseeable losses, on long term contracts – Refer Notes 5, 8,9 and 34L (a). The company has no derivative contracts.

160 48dt dm{f©H$ [anmoQ>© 2014-15

iii. H$moB© am{e Zht h¡ {Ogo 31 _mM©, 2015 H$mo g_má df© _| H§$nZr Ûmam {ZdoeH$ {ejm Am¡a g§ajm {Z{Y Ho$ ñWmZm§V[aVH$aZm Amdí`H$ Wm&

H¥$Vo C_m_hoída amd EÊS> H§$nZrMmQ©>[aV boImH$maE\$AmaEZ 004453S

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i. (E) H§$nZr Zo pñWa n[ag§npËV go g§~§{YV g_w{MV [aH$mS©> aIm h¡, Omo CgH$s pñW{V VWm _mÌmË_H$ {ddaUm| Ho$ gmW nyU© ã`m¡amXem©Vm h¡&

(~r) H§$nZr Zo VrZ df© _| EH$ ~ma pñWa n[ag§npËV`m| H$m n«Ë`j gË`mnZ H$aZo Ho$ {bE EH$ MaU~Õ H$m ©H«$_ H$s aMZm H$s h¡,VXZwgma EH$ ~mhar EOoÝgr Zo df© Ho$ Xm¡amZ n«Ë`j gË`mnZ H$m © {H$`m& h_mao {dMma _|, n«Ë`j gË`mnZ H$s Amd{V©Vm _|H§$nZr Ho$ AmH$ma Am¡a BgHo$ {ZpíMV n[ag§npËV`m| H$s n«H¥${V _| Vm{H©$H$ g§~§Y aIVm h¡& BZ gË`mnZm| _| {H$gr n«H$ma H$sgm_J«r {^ÞVm ZmoQ> Zht H$s OmVr Wr&

ii. (E) n[adhZ _| gm_mZ Am¡a Vrgar nmQ>u Ho$ nmg ñQ>m°H$ Ho$ Abmdm _mbgyMr Ho$ ^m¡{VH$ gË`mnZ J¥h Am§V[aH$ boImnarjm {d^mJÛmam df© Ho$ Xm¡amZ Am`mo{OV H$s OmVr h¡& h_mam _mZZm h¡ {H$ gË`mnZ H$s `h Amd¥pËV {d{Y C{MV h¡&

(~r) H§$nZr _mbgy{M`m| H$m C{MV [aH$mS©> aI ahr h¡ Am¡a n«Ë`j gË`mnZ Ho$ Xm¡amZ g§{dXmH$mam| Ho$ AYrZ {dÚ_mZ gm_{J« m| H$moN>mo‹S>, {OZH$m gË`mnZ Zht {H$`m J`m h¡, AÝ` H$maUm| go CËnÞ hmoZo dmbr Ag§J{V`m| H$mo g_w{MV ‹T§>J go {ZnQ>m`m Om ahmh¡&

(gr) H§$nZr _mbgy{M`m| H$m C{MV [aH$mS©> aI ahr h¡ Am¡a n«Ë`j ñQ>m°H$ Am¡a ~wH$ [aH$m°S©> Ho$ ~rM gË`mnZ _| nm`r JB© {^ÞVm_yV© Zht {H$E JE Am¡a do boIm ~wH$ C{MV ê$n go {ZnQ>mE JE h¡§&

iii. H§$nZr Zo {H$gr H§$nZr, \$_© `m H§$nZr A{Y{Z`_, 2013 H$s Ymam 189 Ho$ A§VJV© aIo JE a{OñQ>a _| gyMr~Õ H$moB© AÝ` nmQ>ugo/ H$mo F$U {b`m Zht/ n«XmZ Zht {H$`m h¡&

iv. H§$nZr Ho$ AmH$ma Ho$ AZwê$n n`m©á Am§V[aH$ {Z §ÌU n«Umbr Am¡a gm_mZm| Ho$ H«$` go g§~§{YV ì`mdgm` H$s n«H¥${V Am¡a gm_mZm|H$s {~H«$s Am¡a godmE§ h¡& h_Zo df© Ho$ Xm¡amZ H§$nZr H$s Am§V[aH$ {Z §ÌU n«Umbr _| H$moB© _hËdnyU© H$_Omoar Zhr§ nmB© h¡&


iii. There are no amounts which were required to be transferred to the Investor Educationand Protection Fund by the Company during the year ended 31st March, 2015.

For Umamaheswara Rao & Co.,Chartered AccountantsFirm Registration No. 004453S

(CA. G. Koteswara Rao)PartnerMembership No.226795

Place: MumbaiDate : 29-07-2015

ANNEXURE TO THE INDEPENDENT AUDITORS’ REPORTON THE FINANCIAL STATEMENTS

The annexure referred to in the Independent Auditors’ Report of even date to the Membersof Electronics Corporation of India Limited (ECIL) (“the Company”), on the FinancialStatements for the year ended 31st March 2015, we report that:

i. (a) The Company has maintained proper records showing full particulars including quantitativedetails and situation of fixed assets.

(b) The Company has a phased program of physical verification of its Fixed Assets once inthree years and accordingly external agencies have carried out physical verification duringthe year. In our opinion, the periodicity of physical verification is reasonable having regardto the size of the Company and the nature of its fixed assets. No material discrepancieswere noted on such verification.

ii. (a) Physical verification of inventories except goods-in-transit and stock lying with third parties,has been conducted during the year by the in-house Internal Audit Department. In ouropinion the frequency of verification is reasonable.

(b) In our opinion, the procedures of physical verification of stocks followed by the Managementare reasonable and adequate in relation to the size of the Company and nature of itsbusiness.

(c) The Company is maintaining proper records of the inventory. The discrepancies noticedon verification between the physical stocks and book records were not material and theyhave been properly dealt with in the books of account.

iii. The Company has not granted any loans, secured or unsecured, to companies, firms or otherparties covered in the register maintained under Sec. 189 of the Companies Act, 2013.

iv. There is adequate internal control system commensurate with the size of the company and thenature of the business with regard to purchase of inventory and fixed assets and for the sale ofgoods and services. We have not observed any major weaknesses in the Internal Controlsystem of the company during the year.

162 48dt dm{f©H$ [anmoQ>© 2014-15

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v. h_mao {dMma VWm n«má gyMZm VWm ñnï>rH$aUm| Ho$ AZwgma, H§$nZr Zo {H$gr ^r gm_y{hH$ ómoVm| go H$moB© O_m am{e ñdrH$ma Zht {H$`mh¡&

vi. h_Zo H§$nZr Ûmam AZwa{jV boIm {hgm~m| H$mo ^maVr` Ho$ÝÐ gaH$ma Ûmam H§$nZr A{Y{Z`_, 2013 H$s Ymam 148 H$s Cn-Ymam (1)Ho$ A§VJ©V {ZYm©[aV "bmJV Ho$ A{^boIm| H$m aI-aImd' Ho$ {Z`_m| H$mo Ü`mZ _| aIVo hþE g_rjm H$s h¡& h_mam {dMma `h h¡ {H$`h boIm n«W_ X¥ï>çmm {ZYm©[aV {Z`_m| Ho$ AZwê$n aIm J`m h¡& `Úm{n, h_Zo Am±H$‹So> H$m {dñV¥V narjU V¡ ma Zht {H$`m h¡&

vii. (E) h_| {XE JE gyMZmAm| Am¡a ñnï>rH$aU Ho$ AZwgma Am¡a H§$nZr H$s [aH$m°S>m] Ho$ ~mø-narjU Ho$ AmYma na, ^{dî` {Z{Y,H$_©Mmar amÁ` ~r_m, Am` H$a, {~H«$s H$a, g§npËV H$a, godm H$a, gr_m-ewëH$, CËnmX ewëH$, _yë` A{V[aŠV H$a Am¡a AÝ`gm§{d{YH$ gm_J«r Xo am{e g{hV A{ddm{XV g§~§{YH$ Xo am{e Ho$ g§~§Y _| ImVm ~{h`mo _| K{Q>V/n«moØÿV am{e {Z`{_V ê$ngo C{MV àm{YH$aU Ho$ gmW H§$nZr Ûmam df© Ho$ Xm¡amZ O_m H$s OmVr h¡&

h_| {XE JE gyMZmAm| Am¡a ñnï>rH$aU Ho$ AZwgma ^{dî` {Z{Y, H$_©Mmar amÁ` ~r_m, Am` H$a, {~H«$s H$a, g§npËV H$a,gr_m-ewëH$, CËnmX ewëH$, _yë` A{V[aŠV H$a Am¡a AÝ` gm§{d{YH$ gm_J«r Xo am{e Ho$ g§~§Y _| H$moB© A{ddm{XV Xo am{eCZHo$ Xo hmoZo H$s {V{W go 6 _mh H$s Ad{Y Ho$ {bE 31 _mM©, 2015 VH$ ~H$m`m Wr&

(~r) h_| Xr JB© gyMZm Am¡a ñnï>rH$aU Ho$ AZwgma, g§npËV H$a _| H$moB© ~H$m`m Zht h¡ {Ogo {ddmX Ho$ ñVa na C{MV n«m¡Úmo{JH$sHo$ gmW O_m Zht {H$`m J`m hmo& h_| Xr JB© gyMZm Am¡a ñnï>rH$aU Ho$ AZwgma, {ZåZ{b{IV Am` H$a, {~H«$s H$a, godm H$a,gr_m-ewëH$ Am¡a _yë` A{V[aŠV H$a H$m ~H$m`m {ddm{XV ñVa na H§$nZr Ûmam O_m Zht {H$`m J`m h¡&

n[a{Z`_ H$m Zm_ Xo H$s n«H¥${V am{e am{e g§~§Yr \$moa_ Ohm± {ddmX b§{~V h¡(é.bmIm| _|) Ad{Y

Am`H$a A{Y{Z`_, 1961 Am`H$a 711.00 2002-03 AmÝY« àXoe CÀM Ý`m`mb`424.37 1986-87 Ho$ÝÐr` àË`j H$a ~moS>©103.61 2010-11 Am`H$a Am wŠV (Anrb)

Hw$b 1,238.98

gr_m ewëH$ A{Y{Z`_,1962 gr_m ewëH$ 134.42 1994-95 Am wŠV, _w§~B©Hw$b 134.42

Ho$ÝÐr` CËnmX ewëH$ CËnmX ewëH$ 90.48 1994-95 ^maV H$m gdm}ÀM Ý`m`mb`>A{Y{Z`_,1944

764.88 1995-9734.16 2000-01 gr_m ewëH$ CËnmX godm H$a89.33 2002-03 Anrb A{YH$aU, ~|Jbyé120.94 2006-07

82.26 2005-06 go Am wŠV, h¡Xam~mX2007-08

Hw$b 1,182.05


v. In our opinion and according to the information and explanations given to us, the Companyhas not accepted any deposits from the public.

vi. We have broadly reviewed the books of account maintained by the Company pursuant to therules prescribed by the Central Government of India for maintenance of cost records undersub-section (1) of Section 148 of the Companies Act, 2013 and are of the opinion that primafacie, the prescribed accounts and records have been made and maintained. However, wehave not made a detailed examination of the records.

vii. (a) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company, amounts deducted/accrued in the books ofaccount in respect of undisputed statutory dues including provident fund, employees’ stateinsurance, income tax, sales tax, wealth tax, service tax, duty of customs, duty of excise,value added Tax and other material statutory dues have been regularly deposited duringthe year by the Company with the appropriate authorities.

According to the information and explanations given to us, no undisputed amounts payablein respect of Provident fund, Employees’ State Insurance, Income-tax, Sales-tax, WealthTax, Service Tax, Duty of Customs, Duty of Excise, Value added tax and other materialstatutory dues were in arrears as at 31st March, 2015 for a period exceeding 6 monthsfrom the date they become payable.

(b) According to the information and explanations given to us, there are no dues in respect ofWealth Tax which have not been deposited with the appropriate authorities on account ofany disputes. According to the information and explanations given to us, the followingdues of Income Tax, Sales Tax, Service Tax, Duty of Customs, Duty of Excise and Valueadded Tax have not been deposited by the Company on account of disputes.

Nature of the Amount Period to whichName of the Statute Dues (` in the amount Forum where the dispute is pending

lakhs) relates

The Income Tax Act, 1961 Income Tax 711.00 2002-03 High Court of Andhra Pradesh424.37 1986-87 Central Board of Direct Taxes103.61 2010-11 Commissioner of Income Tax (Appeals)

Total 1,238.98

The Customs Act, 1962 Customs Duty 134.42 1994-95 Commissioner, Mumbai

Total 134.42

The Central Excise Duty 90.48 1994-95 The Supreme Court of IndiaExcise Act, 1944

764.88 1995-9734.16 2000-01 Customs Excise Service Tax89.33 2002-03 Appellate Tribunal, Bangalore120.94 2006-07

82.26 2005-06 to Commissioner, Hyderabad2007-08

Total 1,182.05

}}

164 48dt dm{f©H$ [anmoQ>© 2014-15

{dÎm A{Y{Z`_, 1994 godm H$a 253.83 2007-08 go gr_m CËnmX godm H$a2008-09 Anrb A{YH$aU, MoÝZ¡

3,675.18 2003-04 go gr_m CËnmX godm H$a2012-13 Anrb A{YH$aU, ~|Jbyé

Hw$b 3,929.01

AmÝY« àXoe _yë` d{Y©V {~H«$s H$a 7.31 1997-98 AmÝY« àXoe CÀM Ý`m`mb`H$a A{Y{Z`_, 2005

313.29 2005-062006-07 {~H«$s H$a Anrb A{YH$aU,2007-08 Vob§JmZm2008-09

90.38 2008-0935.12 2009-10 Anrb Cnm wŠV,39.49 2010-11 Vob§JmZm228.97 2011-12

n{íM_ ~§Jmb _yë` d{Y©V {~H«$s H$a 14.81 2009-10 {~H«$s H$a Anrb A{YH$aU,H$a, 2003 n{íM_ ~§Jmb

{Xëbr _yë` d{Y©V {~H«$s H$a 14.68 1993-94 {~H«$s H$a Anrb A{YH$aU, ZB© {XëbrH$a, 2004

1,273.69 2008-092009-102010-11 Am wŠV (Anrb), ZB© {Xëbr2012-13

Ho$ab _yë` d{Y©V {~H«$s H$a 213.88 2007-08 CÀM Ý`m`mb`, Ho$abH$a, 2003Hw$b 2,231.62

n[a{Z`_ H$m Zm_ Xo H$s n«H¥${V am{e am{e g§~§Yr \$moa_ Ohm± {ddmX b§{~V h¡(é.bmIm| _|) Ad{Y

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(gr) H§$nZr A{Y{Z`_, 1956 (1956 H$m 1) Ed§ ~ZmE JE {Z`_m| Ho$ A§VJ©V gwg§JV àmdYmZm| Ho$ AZwgma Eogr H$moB© YZam{e Zht Wr{Ogo H§$nZr Ûmam 31 _mM©, 2015 H$mo g_mßV df© H$s Ad{Y Ho$ Xm¡amZ {ZdoeH$ {ejm Ed§ g§ajU {Z[Y _| A§V[aV H$aZm Amdí`H$WmŸ&

viii. H§$nZr H$mo {dËVr` df© Ho$ A§V VH$ H$moB© g§M{`V hm{Z Zht h¡& {dËVr` df© Am¡a VËH$mb nyd©dVu {dËVr` df© _| ZH$X hm{Z CnJVZht h¡&

ix. h_mam _mZZm Am¡a h_| {XE JE gyMZm Am¡a ñnï>rH$aU Ho$ AZwgma, H§$nZr AnZo ~¢H$am| H$mo ~H$m`m Ho$ yJVmZ _| MyH$ Zht h¡&

df© Ho$ Xm¡amZ H§$nZr Ho$ nmg {H$gr {dËVr` g§ñWm `m {S>~|MaYmaH$ Ho$ Xo am{e H$m ~H$m`m Zht Wm&

x. h_| {XE JE gyMZm Am¡a ñnï>rH$aU Ho$ AZwgma, H§$nZr Zo ~¢H$m| `m {dËVr` g§ñWmAm| go AÝ` Ûmam {bE JE F$U H$s Jma§Q>r ZhtXoVr h¡&


The Finance Act, 1994 Service Tax 253.83 2007-08 to Customs Excise Service Tax2008-09 Appellate Tribunal, Chennai

3,675.18 2003-04 to Customs Excise Service Tax2012-13 Appellate Tribunal, Bangalore

Total 3,929.01

The Andhra Pradesh Sales Tax 7.31 1997-98 High Court of Andhra PradeshValue Added Tax Act, 2005

313.29 2005-062006-07 Sales Tax Appellate Tribunal,2007-08 Telangana2008-09

90.38 2008-0935.12 2009-10 Appellate Deputy Commissioner,39.49 2010-11 Telangana228.97 2011-12

The West Bengal Sales Tax 14.81 2009-10 Sales Tax Appellate Tribunal,Value Added Tax, 2003 West Bengal

The Delhi Sales Tax 14.68 1993-94 Sales Tax Appellate Tribunal, New DelhiValue Added Tax, 2004

1,273.69 2008-092009-102010-11 Commissioner (Appeals), New Delhi

2012-13

The Kerala Sales Tax 213.88 2007-08 High Court, KeralaValue Added Tax, 2003

Total 2,231.62

(c) There are no amounts which were required to be transferred to the Investor Education andProtection Fund by the Company, during the year ended 31st March, 2015, in accordance withthe relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made there under.

viii. The Company do not have any accumulated losses at the end of the financial year and has notincurred cash losses in the financial year and in the immediately preceding financial year.

ix. In our opinion and according to the information and explanations given to us, the Companyhas not defaulted in repayment of dues to its bankers.

The Company did not have any outstanding dues to any financial institution or debentureholders during the year.

x. According to the information and explanations given to us the company has not given anyguarantee for loans taken by others from banks or financial institutions.

Nature of the Amount Period to whichName of the Statute Dues (` in the amount Forum where the dispute is pending

lakhs) relates

}

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166 48dt dm{f©H$ [anmoQ>© 2014-15

xi. H§$nZr Zo df© Ho$ Xm¡amZ {_`mXr F$U Zhr§ {b`m h¡& AV: H§$nZr (boImnarjH$ [anmoQ©>) AmXoe, 2015 Ho$ I§S> 3(xi) Ho$ n«mdYmZH§$nZr na bmJy Zht hmoVo h¢&

xii. n«má gyMZm Ed§ ñnï>rH$aU Ho$ AZwgma boImnarjm Ad{Y Ho$ Xm¡amZ H§$nZr Ûmam {H$E JE m AÝ` ómoVm| go H§$nZr H$mo {H$E JE {H$grn«H$ma H$m N>b g§kmZ _| Zht Am`m h¡ `m [anmoQ©> Zht {H$`m J`m h¡Ÿ&

H¥$Vo C_m_hoída amd EÊS> H§$nZrMmQ©>[aV boImH$ma\$_© n§OrH$aU g§»`m 004453S

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xi. The company has not availed term loans during the year. Therefore, the provisions of clause3(xi) of the Companies (Auditor’s Report) Order, 2015 are not applicable to the company.

xii. According to the information and explanations given to us, no fraud on or by the Company hasbeen noticed or reported during the course of our audit.

For Umamaheswara Rao & Co.,Chartered AccountantsFirm Registration No. 004453S

(CA. G. Koteswara Rao)PartnerMembership No.226795

Place: MumbaiDate : 29-07-2015

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ADDENDUM TO DIRECTORS’ REPORTCompany’s reply to observation of Statutory Auditors in their Audit Report

Auditors’ Observation

The balances appearing under TradeReceivables, Sundry Creditors, Advances toSuppliers and Advances from Customersinclude certain amounts which are longoutstanding. Pending confirmations,reconciliations and consequent adjustments,if any, of such balances, the impact of thesame on the Statement of Profit and Loss andBalance Sheet, is not quantifiable.

Company’s Reply

Present review mechanism wil l bestrengthened for reviewing the longoutstanding dues. Confirmation of balancesfor customers/suppliers will be sent for thebalances outstanding as on 30th Septemberas per the existing practice and will befollowed up.


Place : Hyderabad (P.SUDHAKAR)Date : 16.09.2015 Chairman & Managing Director

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