HIRA FERRO ALLOYS LIMITED

HIRA FERRO ALLOYS LIMITED Annual Report 2009-2010

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ANNUAL REPORT 2009-10

COMPANY INFORMATION

BOARD OF DIRECTORS

Mr. G. B. Desai Chairman, Independent Director

Mr. N. P. Agrawal Managing Director

Mr. H. P. Agrawal Executive Director

Mr. B.L. Agrawal Non -Executive Director

Mr. Y. C. Rao Non- Executive Director

Mr. Umesh Agrawal Independent Director

COMPANY SECRETARY

Mr. Mohit Chande

Compliance Officer

AUDITORS

M/s. O.P. Singhania & Co.

Chartered Accountants, Raipur

BANKERS

State Bank of India

Allahabad Bank

Axis Bank Limited

IDBI Bank Limited

REGISTERED OFFICE

567B, Urla Industrial Area,

Raipur, Chhattisgarh,

Tel: +91 – 771 - 4082350/ 4082360

Fax: +91 – 771 - 4082440

CORPORATE OFFICE

First Floor, Hira Arcade, Near New Bus Stand,

Pandri, Raipur – 492 001, Chhattisgarh

Tel.: +91 – 771 – 4082000 / 4082001

Fax: +91 – 771 – 4057601

CONTENTS

Company Information 1Notice 2-4Report of the Director 5-9Management Discussion and Analysis 10-11Corporate Governce Report 12-19Auditor’s Certificate on Corporate Governance 20Auditor’s Report to the Shareholders 21-24Balance Sheet 25Profit and Loss Account 26Cash Flow Statement 27Schedules to the Accounts 28-44Balance Sheet Absttract 45

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NOTICE OF ANNUAL GENERAL MEETING

By Order of the Board

Mohit ChandeCompany Secretary

Place : RaipurDate : 30-05-2010

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NOTES :

,

The following are the details of dividends paid by the Company and respective due dates for transfer of

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By Order of the Board

Mohit ChandeCompany Secretary


iv) date of Appointment onthe Board of the Company

10. Chhattisgarh Captive CoalMining Ltd.

11. Krishna Global Minerals Ltd.12. SAG International Ltd.13. Ardent Steels Ltd.14. Shourya Power Private

Limited

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DIRECTORS’ REPORT

137.50 Lakhs

(Rs. in Lacs)

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For, and on behalf of the Board

G. B. DesaiChairman


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G. B. DesaiChairman


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MANAGEMENT DISCUSSION AND ANALYSIS

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Industrial


G. B. DesaiChairman


7

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CORPORATE GOVERNANCE REPORT

ExecutiveExecutive

2009-10

2 2

11

Private Llimited Companies.

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The promoter’s and promoter’s group has not pleged their shares.

PROCEEDS FROM PUBLIC ISSUES, RIGHT ISSUES, PREFERENTIAL ISSUES ETC.

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GENERAL INFORMATION :

Not Applicable

400 078 (M.H.)Phone : 022-25963838Fax : 022-25946969Website : www.linkintime.co.in

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10. SHARE TRANSFER SYSTEM

13. GROUP

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G. B. DesaiChairman


493 221

14. DEMATERIALIZATION OF SHARES :

15. LOCATION OF PLANT, REGISTERED AND CORPORATE OFFICES :

16. CEO / CFO CERTIFICATION

17. REPORT ON CORPORATE GOVERNANCE

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CERTIFICATE OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

N. P. AGRAWALManaging Director

Y. C. RAODirector

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For, O.P. Singhania & Co.Chartered Accountants

(SANJAY SINGHANIA)PARTNER

Membership No. : 076961FRN : 002172C


AUDITOR’S CERTIFICATE ON CORPORATE GOVERNANCE

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AUDITORS’ REPORT





(vi) In our opinion and to the best of our information and according to the explanations givento us, the said accounts give the information required by the Companies Act, 1956, inthe manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in india :

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ANNEXURE

Re : HIRA FERRO ALLOYS LIMITED

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(xix) According to the information and explanations given to us, during the year covered by our auditreport, the company has not issued any debentures, therefore, the provisions of clause 4(xix) ofthe Companies (Auditor’s Report) Order, 2003 are not applicable to the company.

(xx) The company has not raised any money by public issue during the year, therefore, the provisionsof clause 4(xx) of the Companies (Auditor’s Report) Order, 2003 are not applicable to thecompany.

(xxi) 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.

in

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BALANCE SHEET AS AT 31st MARCH, 2010

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PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2010

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CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH, 2010

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SCHEDULES FORMING PART OF THE ACCOUNTS

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AN

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SCHEDULE ‘E’. FIXED ASSETS

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3.

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Chhattisgarh Captive Coal Mining Ltd.

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(Y. C. RAO)Director

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SCHEDULE OF SEGMENT REPORTING AS PER AS-17 ANNEXED TO NOTE NO.8 OF SCHEDULE “S”“NOTES T O FINANCIAL STATEMENT”

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SCHEDULE OF RELATED PARTY DISCLOSURE AS PER AS-18

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(Y. C. RAO)Director

Additional information as required under Part IV of Scshedule VI to the Companies Act, 1956

BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE

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NOTES

AffixRe.1/-

Revenuestamp.

HIRA FERRO ALLOYS LIMITEDREGISTERED OFFICE :

567 B, URLA INDUSTRIAL AREA, RAIPUR, CHHATTISGARH, INDIA.

PHONE : +91-771-4082350 / 4082360, FAX : +91-771-4082440

CORPORATE OFFICE :FIRST FLOOR, HIRA ARCADE, NEAR NEW BUS STAND, PANDRI, RAIPUR, - 492 001

CHHATTISGARH, INDIA

PHONE : +91-771-4082000 / 4082001, FAX : +91-771-4057601

www.hiraferro.com

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HIRA FERRO ALLOYS LIMITED