IFFCO at a Glance 2012-13

8/13/2019 IFFCO at a Glance 2012-13

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I am extremely happy to release updated edition of IFFCO at a Glance-a popular annual compilation providing key information of the Society in aconcise format. Its vital information is a ready reckoner of statistical data toIFFCO of cials and visitors.

Important information on overseas ventures, Vision 2015 and Informationfor International Guests are available at the end.

With best wishes

(Dr. U.S. AWASTHI) Managing Director

FOREWORD


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I N D E X

S.No. Chapters Page No.

1. IFFCO in Brief 1-11

2. IFFCO Plants and their Performance 13-37

3. Marketing and Sales Performance 39-53

4. Financial Performance 55-63

5. Human Resources, FDP and Bio/ 65-79 Water Soluble Fertilisers

6. Information and Communication Technology 80-87

7. Awards and Accolades 89-93

8. IFFCO Growth & JVs / Associates 95-122

9. Vision 2015 123-130

10. Information for International Guests 131-139


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IFFCO IN BRIEF


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ORIGIN OF IFFCO

Till mid sixties, Cooperatives in India had no productionfacilities despite marketing nearly 70% of fertilisers.

IFFCO was established as the farmers own initiative inCooperative Sector on 3rd Nov. 1967 with two proposed

plants at Kalol & Kandla. With the enactment of Multi State Co-operative Societies

Act 2002, IFFCO is deemed to be registered as a MultiState Co-operative Society.

The Society is fully owned by Cooperatives.


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3

PRODUCTION CAPACITY

(As on March 2013)

Largest producer of fertilisers in the country

No. of Plant Locations : Five

Installed/Revamped Annual Capacity ( '000 MT )

UREA - 4242.2

NP/NPK/DAP - 4335.4

TOTAL N - 2628.2

TOTAL P 2O5 - 1712.8

WSFs - 15.0

ZINC SULPHATE MONOHYDRATE - 30.0

Contributed about 21.4% to the total N and 36.4% to thetotal P 2O5 produced in the country during the year 2012-13.


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SHARE CAPITAL

(As on 31st March 2013)

( ` in Crore)

Authorised Share Capital : 1000.00

Subscribed & Paid up Capital : 425.88

(Entire Share Capital held by Cooperatives)


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GROWTH OF MEMBER SOCIETIES (As on 31st March)

2012-13

39368


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CUMULATIVE PRODUCTION TILL DATE


(In Lakh MT) UNIT PRODUCT PRODUCTION KALOL UREA 168.35 PHULPUR - I UREA 176.64 PHULPUR - II UREA 138.43 AONLA - I UREA 215.91 AONLA - II UREA 149.61 TOTAL UREA 848.94 KANDLA NPK 318.84 DAP 178.08 PARADEEP NP/NPK 44.83 DAP 49.52

TOTAL NPK/DAP 591.35 TOTAL FERTS. 1440.29 NUTRIENTS N 473.77 P 2O 5 207.49


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CUMULATIVE ACHIEVEMENTS TILL DATE


FERTILISER PRODUCTION 1440.29 Lakh MT

FERTILISER SALE 1705.11 Lakh MT

TURNOVER ` 2,11,809 Crore

PROFIT BEFORE TAX ` 10,586.77 Crore

PROFIT AFTER TAX ` 8,031.62 Crore

CONTRIBUTION TO EXCHEQUER ` 13,034 Crore


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8

HIGHLIGHTS OF 2012-13

Production of Fertilisers 79.02 lakh MT *(Best 85.83 lakh MT in 2010-11)Highest Production of Urea 45.10 lakh MT(Previous best 44.87 lakh MT in 2011-12)Highest Production of DAP 19.43 lakh MT(Previous best 14.92 lakh MT in 2011-12)

Production of NP/NPK/DAP/WSFs 33.92 lakh MT *(Best 41.81 lakh MT in 2010-11)Sale of Fertilisers 100.54 lakh MT $(Best 125.88 lakh MT in 2010-11)Sale of Urea 62.32 lakh MT(Best 68.23 lakh MT in 2010-11)

Sale of NP/NPK/DAP 38.22 lakh MT $(Best 57.65 lakh MT in 2010-11)

* Includes WSFs/ZnSO4 produced at Kandla Unit$ Includes ZnSO4 and Water soluble fertilisers (WSFs)

Contd...


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Highest Pro t Before Tax ` 1107.43 Crore(Previous best ` 1025.78 crore in 2010-11)

Pro t After Tax ` 728.72 Crore(Best ` 791.49 crore in 2010-11)

Sales Turnover ` 21673.36 Crore(Best ` 32933.30 crore in 2008-09)

Plant Productivity 1671 MT/Employee(Best 1724 MT/Emp. in 2011-12)

Marketing Productivity 7228 MT/Employee(Best 8622 MT/Emp. in 2010-11)

Lowest Composite Energy Consumption 5.764 Gcal/MT of Urea(Previous lowest 5.814 Gcal/MT of Urea in 2010-11)

Fertiliser Despatches(Best 126.55 lakh MT in 2010-11) 97.20 lakh MT


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GROWTH IN PRODUCTION CAPACITIES

('000 MT)

As on Date UREA NPK/DAP Total Ferts.Jan.75 - 415.6 415.6

Apr.75 396.0 415.6 811.6Mar.81 891.0 415.6 1306.6Sep.81 891.0 881.3 1772.3Jul.88 1617.0 881.3 2498.3Dec.96 2343.0 881.3 3224.3

Aug.97 2491.5 881.3 3372.8Dec.97 3217.5 881.3 4098.8

Aug.99 3217.5 1600.1 4817.6 Apr.01 3689.4 1973.6 5663.0 Apr.02 3689.4 2191.1 5880.5 Apr.04 3689.4 2415.4 6104.8Oct.05 3689.4 4335.4 8024.8Dec.08 4242.2 4335.4 8577.6

Apr.11 4242.2 4350.4 8592.6 Apr.12 4242.2 4380.4* 8622.6

* Include WSFs (15000 MT) and Zinc Sulphate (30000 MT)Contd...


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(Lakh MT)


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13

IFFCO PLANTS ANDTHEIR PERFORMANCE


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15

KALOL UNIT

YEAR OF COMMISSIONING : 1975INVESTMENT : ` 71.23 Crore

YEAR OF EXPANSION : 1997

INVESTMENT : ` 149.70 Crore

PRODUCT CAPACITY TECHNOLOGY

MTPD MTPA

AMMONIA 1100 3,63,000 M.W. KELLOG & HTAS

UREA 1650 5,44,500 STAMICARBON and H & GN 759 2,50,470

Kalol Unit is producing Neem coated Urea w.e.f. April 2011


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KANDLA UNIT

YEAR OF COMMISSIONING : 1975INVESTMENT : ` 24.26 CroreYEAR OF FIRST EXPANSION : 1981INVESTMENT : ` 28.60 CroreYEAR OF SECOND EXPANSION : 1999INVESTMENT : ` 205.30 Crore


MTPA P2O5 9,10,000 FOUR STREAMS (A,B,C & D) BASED ON TVA SLURRY GRANULATION PROCESS.

TWO STREAMS (E & F) BASED ON AZFPIPE REACTOR TECHNOLOGY.

N 3,51,540Kandla unit has added production capacity of Water Soluble Fertilisers(15000 MTPA) and Zinc Sulphate Monohydrate (30000 MTPA)


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PHULPUR UNIT

YEAR OF COMMISSIONING : 1981INVESTMENT : ` 205.2 Crore (Phulpur - I)

YEAR OF EXPANSION : 1997INVESTMENT : ` 1190 Crore (Phulpur - II)

YEAR OF DEBOTTLENECKING : 2008INVESTMENT : ` 185.3 Crore


MTPD MTPA AMMONIA 2955 9,75,150 KELLOG & HTASUREA 5145 16,97,850 SNAMPROGETTIN 2367 7,81,011

Phulpur-I is producing Neem coated Urea w.e.f. August 2011


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AONLA UNIT

YEAR OF COMMISSIONING : 1988INVESTMENT : ` 651.6 Crore (AONLA - I)

YEAR OF EXPANSION : 1996

INVESTMENT : ` 954.7 Crore (AONLA - II)

YEAR OF DEBOTTLENECKING : 2008INVESTMENT : ` 149.2 Crore


MTPD MTPA

AMMONIA 3480 11,48,400 HALDOR TOPSOEUREA 6060 19,99,800 SNAMPROGETTI

N 2788 9,19,908


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PARADEEP UNIT

INVESTMENT : ` 2237 Crore


MTPA

PHOS. ACID 8,75,000 JACOBS ENG.

SULPHURIC ACID 23,10,000 LURGI GmbH

P 2O5 (Fert. Grades) 8,02,800 JACOBS ENG.

N 3,25,200

POWER 2 x 55 MW

The unit also started production of NPK (10:26:26) on 3rd January 2013.


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KALOL EXPANSION PROJECT - II

IFFCO has envisaged setting up of 13 Lakh MT of Ureaplant at Kalol.

Project cost is likely to be about ` 4604 crore.

No objection certi cate has been received from Gujarat

Industrial Corporation. Environment clearance has been received from Ministry of

Environment and Forests (MoEF).

Pre Project activities have been completed.

Term Sheet signed with GAIL for supply of Gas (RLNG)


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PLANT HIGHLIGHTS OF 2012-13

KALOLProduced highest ever urea of over 6.00 lakh MT, with capacityutilisation of 110.2%. Achieved speci c energy consumption of5.824 Gcal/MT of Urea during 2012-13. Transferred 39169 MT ofsurplus Ammonia to Kandla Unit.

PHULPUR

Produced 16.65 lakh MT of Urea with capacity utilisation of 98.1%. Achieved Speci c Energy Cosumption of 6.112 Gcal/MT of Urea(Phulpur I + Phulpur II).Phulpur-I achieved lowest speci c energy consumption of 8.368Gcal/MT of Ammonia during 2012-13.

Contd...


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AONLAProduced highest ever 22.45 lakh MT of Urea with capacityutilisation of 112.3%. Also achieved lowest ever speci c energyconsumption of 5.49 Gcal/MT of Urea.

AonlaI produced highest ever 10.92 lakh MT of Urea with capacityutilisation of 109.2% and operated with lowest ever speci c energyconsumption of 5.615 Gcal/MT of Urea.

Aonla-II produced highest ever 11.53 lakh MT of Urea with capacityutilisation of 115.3% and operated with lowest ever speci c energyconsumption of 5.372 Gcal/MT of Urea.

Contd...


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KANDLAThe unit produced 19.12 lakh MT of NPK/DAP during 2012-13including 15644 MT of WSFs and Zinc Sulphate Monohydrates withcapacity utilisation of 78%.

PARADEEP

Produced 14.80 lakh MT of NP/NPK/DAP during the year 2012-13with capacity utilisation of 77%.

Paradeep Unit produced 13.57 lakh MT of Sulphuric Acid and 6.28

lakh MT of Phos. Acid during 2012-13. Paradeep unit also sold 3.29LMT of Gypsum and 5992 MWH of power during 2012-13.

Contd...


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TOTAL FERTILISER PRODUCTION

(Lakh MT)

71.68

81.98 85.83 84.42

79.02

2008-09 2009-10 2010-11 2011-12 2012-13


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PRODUCT WISE PRODUCTION PERFORMANCE

(Lakh MT)

31.00

40.68

71.68

38.74

43.24

81.98

41.81

44.02

85.83

39.55

44.87

84.42

33.92

45.10

79.02

2008-09 2009-10 2010-11 2011-12 2012-13

NPK/DAP UREA TOTAL


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NUTRIENT WISE PRODUCTION PERFORMANCE

(Lakh MT)

9.18

23.29

11.94

25.85

12.88

26.13

13.32

26.95

12.89

26.13

2008-09 2009-10 2010-11 2011-12 2012-13

P 2 O 5 N


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UNIT WISE PRODUCTION PERFORMANCE

UNIT PLANT 2008-09 2009-10 2010-11 2011-12 2012-13KALOL AMMONIA 3.28 3.84 3.95 3.88 3.86

UREA 5.60 6.00 6.00 6.00 6.00

PHULPUR-I AMMONIA 3.93 4.23 4.35 3.93 4.04

UREA 6.63 7.23 7.45 7.02 6.73

PHULPUR-II AMMONIA 4.76 5.84 5.89 6.69 5.62 UREA 8.41 10.00 10.26 11.33 9.92

AONLA-I AMMONIA 5.69 5.78 5.86 6.06 6.34

UREA 9.87 10.00 9.88 10.66 10.92

AONLA-II AMMONIA 5.90 5.84 5.90 5.78 6.67

UREA 10.18 10.00 10.43 9.87 11.53

TOTAL UREA 40.68 43.24 44.02 44.87 45.10

Contd...

(Lakh MT)


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UNIT PLANT 2008-09 2009-10 2010-11 2011-12 2012-13KANDLA 10:26:26 10.41 11.91 16.10 4.75 4.95 12:32:16 5.38 4.61 8.46 10.30 6.19 20:20:00 - - - 1.07 - DAP 2.15 7.23 0.60 4.97 7.83

NPK/DAP 17.94 23.74 25.19 21.14* 19.12*

PARADEEP NP 8.70 10.98 7.45 8.46 3.15 DAP 4.37 4.02 9.17 9.95 11.60 10:26:26 - - - - 0.05 NP/DAP 13.06 15.00 16.62 18.41 14.80TOTAL (KDL+PRD) 31.0 38.74 41.81 39.55 33.92TOTAL FERTS MATERIAL 71.68 81.98 85.83 84.42 79.02NUTRIENTS N 23.29 25.85 26.13 26.95 26.13

P 2O5 9.18 11.94 12.88 13.32 12.89

* Includes WSFs/ZnSO4

(Lakh MT)

UNIT WISE PRODUCTION PERFORMANCE


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PRODUCTION OF WSFs/ZnSO4 MONOHYDRATE

PRODUCT 2008-09 2009-10 2010-11 2011-12 2012-13

17:44:00 165 470 2385 5900 8556

18:18:18 - - - 125 1969

ZnSO4 - - - 114 5119

Total 165 470 2385 6139 15644

(Qty in MT)


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STREAM DAYS ACHIEVED

UNIT PLANT 2008-09 2009-10 2010-11 2011-12 2012-13

KALOL AMMONIA 336 344 354 353 349 UREA 331 345 348 348 346PHULPUR-I AMMONIA 328 346 359 323 331 UREA 319 331 353 331 328PHULPUR-II AMMONIA 293 344 329 365 316

UREA-I 299 342 322 359 315 UREA-II 301 346 327 363 316

AONLA-I AMMONIA 338 347 333 351 350 UREA-I 335 337 327 347 347 UREA-II 343 343 313 346 349

AONLA-II AMMONIA 346 322 344 329 355 UREA-I 331 318 345 328 350 UREA-II 334 316 350 328 354

Contd...


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UNIT PLANT 2008-09 2009-10 2010-11 2011-12 2012-13

KANDLA TRAIN A 206 259 312 277 252

TRAIN B 203 279 311 287 277

TRAIN C 218 306 302 283 230

TRAIN D 194 281 296 254 258

TRAIN E 206 288 300 265 265

TRAIN F 190 293 291 283 261

AVERAGE 203 @ 286 302 275@ 257@

@ Low due to shortage of raw materials


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UNIT PLANT 2008-09 2009-10 2010-11 2011-12 2012-13

PARADEEP

SAP TRAIN - I 248 316 334 318 218

TRAIN - II 271 316 291 327 254

PAP TRAIN - A 306 319 322 350 316

NP/DAP TRAIN A 232 261 268 263 246

TRAIN B 218 263 263 257 225

TRAIN C 220 262 278 277 227

AVERAGE 223 262 270 266 233


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CAPACITY UTILISATION @

(As Percentage)

UNIT PRODUCT 2008-09 2009-10 2010-11 2011-12 2012-13

KALOL UREA 103 110 110 110 110

PHULPUR-I UREA 109 104 107 101 96

PHULPUR-II UREA 93 100 103 113 99

AONLA-I UREA 106 100 99 107 109 AONLA-II UREA 109 100 104 99 115

KANDLA P2O5 60 87 79 78 75

PARADEEP P 2O5 47 50 71 78 74

TOTAL N 94 98 99 102 99 P 2O5 53 70 75 78 75

@ As per revamped capacity with effective dates.


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SPECIFIC ENERGY CONSUMPTION OF UREA PLANTS

ENERGY (Gcal/MT Urea)

2008-09 2009-10 2010-11 2011-12 2012-13

KALOL 5.949 5.796 5.731 5.935 5.824

PHULPUR I 6.895 6.687 6.670 6.680 6.697

PHULPUR II 5.988 5.666 5.669 5.574 5.716

AONLA I 5.697 5.690 5.676 5.690 5.615

AONLA II 5.522 5.544 5.522 5.578 5.372

CompositeEnergyconsumption

5.943 5.832 5.814 5.824 5.764

Contd...


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SPECIFIC ENERGY CONSUMPTION OF PHOSPHATIC PLANTS

2008-09 2009-10 2010-11 2011-12 2012-13

KANDLA 0.304 0.244 0.288 0.279 0.285

PARADEEP 2.111 1.784 1.104 1.526 1.848

ENERGY (Gcal/MT P 2O5)


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COMMITMENT TO BETTER ENVIRONMENT

All IFFCO Units and townships have attractive landscape,surrounded by thousands of trees.

IFFCO is committed to improvement of safety, healthand environment in and around its plants in line with

international norms.

More and more energy saving devices are being deployedin IFFCO premises all over India.


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QUALITY MANAGEMENT / CERTIFICATION

Kalol Unit has got IMS for ISO 9001-2008, ISO 14001 2004 and OHSAS 18001-2007 recerti ed by Bureau VeritasCerti cation (India).

Phulpur Unit is the rst in Fertiliser Sector to be accreditedwith BSEN 15001 Certi cation by BSI, for its EnergyManagement System.

Aonla Unit is certi ed with International Standard EN 16001-2009, ISO 9001-2008, ISO 14001-2004 and OHSAS 18001-2007 by M/S QS Zurich AG, Zurich.

Kandla Unit has got re-certi cation of ISO 14001-2004.

Paradeep Unit is having ISO 14001-2004 and OSHAS18001-2007 Certi cates from Bureau Veritas.


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MARKETING AND


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SALES PERFORMANCE


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SALES PERFORMANCE

Marketing Division of IFFCO achieved a sale of100.54 lakh MT of fertilisers during 2012-13. Best saleachievement was 125.88 lakh MT in 2010-11.

The Society achieved a sale of 62.32 lakh MT of Urea

and 38.22 lakh MT of NP/NPK/DAP/WSFs during 2012-13. Best sale was 68.23 lakh MT of Urea and 57.65 lakhMT of NP/NPK/DAP during 2010-11.


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MARKETING TERRITORIES OF IFFCO

A G C A S


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MARKETING CHANNELS

Distribution of fertilisers mainly through the CooperativeSystem:

State level Apex Cooperative Marketing Federationacts as wholesaler

Direct supplies to Societies in some States

IFFCO-NCDC Cooperative Societies

Small quantities to Institutional agencies like AgroIndustries Corporation etc

161 IFFCO Farmers Service Centres

DISTRIBUTION & WAREHOUSING


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DISTRIBUTION & WAREHOUSING

TRANSPORTATION

Both by Rail (91%) and Road (09%)

WAREHOUSING

Federations & Cooperative Godowns

Central Warehousing Corporation (CWC) and

State Warehousing Corporation (SWC)

DESPATCHES OF FERTILISERS


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2008-09 2009-10 2010-11 2011-12 2012-13

KALOL 5.60 6.00 6.00 6.00 6.00

KANDLA 17.89 23.85 25.25 21.37 18.88

PHULPUR 15.03 17.23 17.71 18.32 16.65

AONLA 20.05 20.00 20.30 20.52 22.39

PARADEEP 13.05 15.00 16.62 18.45 14.78

SUB TOTAL 71.62 82.08 85.88 84.66 78.70

IMPORTED 34.98 35.58 40.67 40.79 18.50TOTAL 106.60 117.66 126.55 125.45 97.20

(QTY. IN LAKH MT)

DESPATCHES OF FERTILISERS

TOTAL SALE OF FERTILISERS


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TOTAL SALE OF FERTILISERS(Lakh MT)

112.58 118.27 125.88 121.88

100.54

2008-09 2009-10 2010-11 2011-12 2012-13

SALES PERFORMANCE


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SALES PERFORMANCE(Lakh MT)

53.8958.69

54.92

63.35

57.65

68.23

54.00

67.88

38.22

62.32

2008-09 2009-10 2010-11 2011-12 2012-13

NPK/DAP UREA

SALES PERFORMANCE


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(In Lakh MT)

SALES PERFORMANCE

PRODUCT 2008-09 2009-10 2010-11 2011-12 2012-13

UREA OWN 40.71 43.22 43.74 44.77 45.48

IMPORTS 17.98 20.13 24.49 23.11 16.84

TOTAL 58.69 63.35 68.23 67.88 62.32

20:20:0 8.20 11.38 7.51 10.71 4.81

10:26:26 10.76 11.95 17.16 7.91 5.30

12:32:16 5.51 4.62 8.38 10.09 6.14

NP/NPK TOTAL 24.47 27.94 33.05 28.71 16.25

DAP OWN 6.63 11.13 9.85 14.19 19.67

IMPORTS 21.91 15.84 14.71 10.99 2.15

TOTAL DAP 28.54 26.98 24.56 25.18 21.81

MOP 0.88 0.00 0.00 0.00 0.00

NP/NPK/DAP/MOP TOTAL$ 53.89 54.92 57.65 54.00 38.22

TOTAL FERTS. 112.58 118.27 125.88 121.88 100.54

$ include water soluble fertilisers etc. and imported NP/NPK/DAP

SALES DURING KHARIF SEASON


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SALES DURING KHARIF SEASON(Lakh MT)

2008 2009 2010 2011 2012

29.22

27.35 28.7923.85

16.49

24.81 24.7 30.02 31.46

28.20

54.03 55.05

58.8155.31

44.69

NPK/DAP UREA TOTAL



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PRODUCT 2008 2009 2010 2011 2012

UREA 24.81 27.70 30.02 31.46 28.20

NP 3.75 4.57 3.34 5.62 2.66

NPK 10:26:26 6.49 3.12 7.95 2.32 1.88

NPK 12:32:16 2.96 1.48 5.97 4.93 2.79

NP/NPK 13.20 9.17 17.26 12.87 7.33

DAP/MAP 15.15 18.18 11.49 10.98 9.09

MOP 0.88 0.00 0.00 0.00 0.00

TOTAL NPK/DAP* 29.22 27.35 28.79 23.85 16.49

TOTAL FERTS.* 54.03 55.05 58.81 55.31 44.69

* Includes WSFs/ZnSO4 etc.

(In Lakh MT)

SALES DURING RABI SEASON


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SALES DURING RABI SEASON(In Lakh MT)

24.66

33.89

58.55

27.57

35.65

63.22

28.86

38.21

67.07

30.11

36.42

66.53

21.73

34.12

55.85

2008-09 2009-10 2010-11 2011-12 2012-13

NPK/DAP UREA TOTAL



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PRODUCT 2008-09 2009-10 2010-11 2011-12 2012-13

UREA 33.89 35.65 38.21 36.42 34.12

NP 4.45 6.81 4.17 5.08 2.15

NPK 10:26:26 4.27 8.83 9.21 5.59 3.42

NPK 12:32:16 2.55 3.14 2.41 5.17 3.35

NP/NPK TOTAL 11.27 18.78 15.79 15.84 8.92

DAP/MAP 13.39 8.79 13.07 14.20 12.72

TOTAL

NP/NPK/DAP # 24.66 27.57 28.86 30.11 21.73

TOTAL FERTS. # 58.55 63.22 67.07 66.53 55.85

# Include water soluble fertilisers etc.

(In Lakh MT)

HANDLING OF IMPORTED FERTILISERS


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HANDLING OF IMPORTED FERTILISERS

Particulars 2008-09 2009-10 2010-11 2011-12* 2012-13OMIFCO UREA 9.55 10.19 10.02 10.51 9.33

No. of VESSELS 30 32 31 27 23

UREA (GOI A/C) 7.82 10.33 14.49 13.83 6.58

No. of VESSELS 26 30 30 33 13

DAP 21.98 15.88 14.75 11.44 1.73No. of VESSELS 66 39 33 24 04

MAP/NPK 0.50 0.0 1.32 6.77 -

No. of VESSELS 7 0 4 19 -

TOTAL Fertilisers 39.85 36.40 40.58 42.55 17.64

No. of VESSELS 129 101 98 103 40

Qty. (Lakh MT)

* 2 vessels of NP transferred to Kandla Unit


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FINANCIAL PERFORMANCE


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Particulars 2008-09 2009-10 2010-11 2011-12 2012-13

SALES TURNOVER 32933.30 16808.57 21195.16 25598.97 21673.36

PROFIT BEFORE TAX 441.95 567.28 1025.78 1017.78 1107.43

PROFIT AFTER TAX 360.01 401.10 791.49 772.18 728.72

SHARE CAPITAL 426.28 426.24 425.95 425.80 425.88

RESERVES AND 3532.59 3844.26 4542.09 5219.57 5855.31SURPLUS

NETWORTH 3958.87 4270.50 4968.04 5645.37 6281.19

INVESTMENTS 914.00 892.33 1169.91 1300.16 1470.37

(In ` Crore)

PROFIT BEFORE TAX (PBT)


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(In ` Crore)

441.95

567.28

1025.78 1017.781107.43

2008-09 2009-10 2010-11 2011-12 2012-13

PROFIT AFTER TAX (PAT)


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(In ` Crore)

360.01 401.10

791.49 772.18728.72

2008-09 2009-10 2010-11 2011-12 2012-13

TURNOVER


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(In ` Crore)

32933

16809

21195

25599

21673

2008-09 2009-10 2010-11 2011-12 2012-13

NETWORTH


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(In ` Crore)

3959 4271

4968

56456281

2008-09 2009-10 2010-11 2011-12 2012-13

CREDIT RATINGS ASSIGNED TO IFFCO


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CRISIL Ratings :-

AA-(outlook stable) rating on IFFCOs Long Term BorrowingProgramme. This rating indicates high degree of safety withregard to timely payment of interest and principal on theinstrument.

A1+ rating to IFFCOs`

100 Crore Commercial PaperProgramme. This rating indicates that the degree of safetywith regard to timely payment of interest and principal on theinstrument is Very Strong.

Governance and Value Creation (GVC) rating at GVC Level2. This rating indicates that the capability of the Society withrespect to wealth creation for all its stakeholders, while adoptingsound corporate governance practices, is high.

Contd...

CREDIT RATINGS ASSIGNED TO IFFCO


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INDIA RATINGS (Formerly FITCH Ratings) :-

Long Term Rating of IND AA with stable outlook to the LongTerm Debt Programme of IFFCO. This rating indicates highdegree of safety with regard to timely payment of interest andprincipal on the instrument.

Short Term Rating of IND AA/ IND A1+ to IFFCOs workingcapital/short term borrowings. This rating indicates that the degree of

safety with regards to timely payment of interest and principal of theinstrument is very strong.CARE Ratings :-

AA (Double A) rating to long term borrowings; it indicateshigh degree of safety regarding timely servicing of nancialobligations.

A1+ (A one plus) rating to IFFCOs working capital facilities /ShortTerm Loans, which indicates very strong degree of safety regardingtimely payment of nancial obligations.


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human ResouRces FaRmeRs development pRogRamme

Bi / t R l Bl F Rtili R


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65

Bio/wateR soluBle FeRtiliseRs


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PLANT PRODUCTIVITY PER EMPLOYEE (MT)


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67

(Production Units)

1376

1608

1710 17241671

2008-09 2009-10 2010-11 2011-12 2012-13

SALE PRODUCTIVITY PER EMPLOYEE (MT)


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68

(Marketing Division)

7397 7885

8622 8532

7228

2008-09 2009-10 2010-11 2011-12 2012-13

FARMERS DEVELOPMENT PROGRAMMES (FDP)


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IFFCO is committed towards sustainable economicdevelopment of farmers and their families, the localcommunity and society at large to improve their quality oflife.

The Society has undertaken activities in the areas

of community development, environment protection,horticulture, health care, medical facilities and literacyenhancement/empowerment programme.

IFFCO spent Rs. 46.86 crore during 2012-13 on varioussocial and community development programmes.

SERVICE TO FARMERS


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Agricultural Extension and fertiliser use promotion programmes are

an integral part of the marketing activity. Programmes are conductedthrough Area/State/Zonal of ces under the able guidance of agriculturalscientists.

Programmes undertaken are :

Balanced Fertilisation programmes

Adoption of villages for all round socio-economic development

Farmers visit to various agricultural institutes and research farms

Farmers Meetings, Field Days and Crop Seminars

Static/Mobile Soil Testing Laboratories with Audio-visual aids

Contd...

SERVICE TO FARMERS


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PROGRAMME 2008-09 2009-10 2010-11 2011-12 2012-13

TWO PLOT 806 881 843 788 834DEMONSTRATION

FARMERS MEETINGS 3450 3586 3341 3269 3428

FIELD DAYS 807 825 800 783 810

CROP SEMINARS 124 153 155 165 165

CRITICAL INPUT 6842 8125 10929 27304 20024PACKAGES

SOIL TESTING 542 497 484 435 438CAMPAIGNS

Contd...

(Number)

(N b )

SERVICE TO FARMERS


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PROGRAMME 2008-09 2009-10 2010-11 2011-12 2012-13

VETERINARY 121 119 140 146 139CAMPAIGNS

MEDICAL CHECKUP 10 114 130 138 133

SALES POINT 1070 894 824 832 904PERSONNEL TRAINING

FARMERS' 5912 3711 5131 4474 4302TRAINING ANDVISITS (PP*)

VILLAGES ADOPTED 438 434 411 398 410

*PP Persons participated

Contd...

(Number)

SERVICE TO FARMERS( I L kh)


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ITEM 2008-09 2009-10 2010-11 2011-12 2012-13

GRANTS TO CORDET 225.16 236.54 251.75 243.75 256.85

DEMONSTRATION 249.01 347.67 340.88 463.35 495.02EXPENSES

BENEFIT TO FARMERS 2036.60 1793.34 1283.62 1846.44 2481.34

TRAINING EXPENSES 192.13 164.97 217.34 234.10 251.49OTHER PROM. 810.52 567.97 890.08 836.97 914.20PROG/CROPFILMS/IRDP ETC.

SANKAT HARAN 880.00 948.00 1248.00 1135.00 962.00BIMA YOJANA

TOTAL EXPENDITURE 4393.42 4058.49 4231.67 4760.01 5360.90

( ` In Lakh)

SERVICE TO FARMERS


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Other Social Activities/Development Programmes include:

Supply of fodder in drought prone areas

Veterinary Checkup and Distribution of Medicines

Human Health Checkup and Distribution of Medicines

Providing drinking water facilities

Assistance to School / School children

Watershed development projects

COOPERATIVE RURAL DEVELOPMENT TRUST (CORDET)


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PROMOTED BY IFFCO

LOCATION and Annual Capacity (Bio-Fertilisers) KALOL (165 MT from Nov. 2003, 200 MT from

April 2009, 330 MT from April 2011& 385 MT from July 2012)

PHULPUR (U.P.) (75 MT from March 1996, 325 MT

from April 2009 & 1000 MT from April 2011) KANDLA (GUJARAT)

ACTIVITIES OF CORDETFarmers TrainingSoil Testing

Production of Bio FertilisersDemonstration FarmingSeed Multiplication

PRODUCTION OF BIO - FERTILISERS

(Qty in MT)


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(Qty. in MT)

CORDET - PHULPUR & KALOL

STRAIN 2008-09 2009-10 2010-11 2011-12 2012-13

Rhizobium 11.70 14.54 17.14 20.49 15.05

Azotobacter 224.76 316.48 361.61 513.29 639.99

PSB 284.08 368.38 431.65 592.19 723.09

Azospirillium 7.03 9.36 13.59 14.80 1.10

Acetobacter 2.35 10.52 14.24 8.31 32.88

Total Production 529.91 719.28 838.23 1149.08 1412.10

Capacity Utilisation (%) 221 137 160 124 103

SALE OF BIO - FERTILISERS(Qty in MT)


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STRAIN 2008-09 2009-10 2010-11 2011-12 2012-13

Rhizobium 11.60 14.52 17.22 20.49 14.60

Azotobacter 235.61 302.71 364.91 503.07 660.40

PSB 283.05 353.35 441.34 588.55 741.47

Azospirillium 8.80 9.94 13.45 14.66 0.50

Acetobacter 2.64 10.52 14.16 8.39 32.88

Total Sale 541.10 691.04 851.08 1135.16 1449.85

(Qty. in MT)

(Qty. in Litre)

PRODUCTION & SALE OF LIQUID BIO - FERTILISERS


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(Qty. in Litre)

STRAIN

PRODUCTION 2009-10 2010-11 2011-12 2012-13

Azotobacter 3637.75 8081.25 19784.50 43324.00

PSB 3941.25 7984.00 17963.25 44649.25

TOTAL 7579.00 16065.25 37747.75 87973.25

Capacity Utilisation 124.5% 263% 199% 236%SALES

Azotobacter 1910.00 7603.50 18152.25 44857.00

PSB 2167.75 7759.25 16336.50 47501.50

TOTAL 4077.75 15362.75 34488.75 92358.50 Annual capacity :Phulpur : 5000 litre since Apr 2009;15000 litre since Apr 2011;17500 ltr (2012-13) Kalol : 1100 litre since Apr 2009;4000 litre since Apr 2011;25000 ltr since July12

WATER SOLUBLE FERTILISERS (WSFs)


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Increase in area under drip irrigation

Commercial production of WSFs at Kandla Unit started in April 2011

SALE OF WSFs /ZnSO4 etc. (in MT)Product 2010-11 2011-12 2012-13

17:44:00 1888.0 3527.1 4544.6

19:19:19 1911.8 1816.5 227.50:0:50 72.3 531.5 825.118:18:18 0.0 0.2 941.5SubTotal 3873.0 5875.3 6538.7ZnSO4 (33%) - 2.9 1864.6ZnSO4 (21%) - 543.2 167.0Sulphur Bentonite - 558.2 979.8Phospho Gypsum - 3303.3 5871.7Total 3873.0 10282.9 15421.8


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MAJOR ICT ACTIVITIES


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Wide Area Network (WAN) upto Area Of ce level with Corporate server at Delhi.

Redundant Multiple MPLS and Virtual Private Network (VPN) links connectingall plants of IFFCO.

IP Telephones available upto Area Of ce.

Video conferencing extensively used nationally and internationally.

First among Corporates to successfully implement e-procurement based onPublic Key Infrastructure, Digital Certi cate under legal framework of IT ACT2000.

Integrated ERP Applications in all Areas like HR, Finance, Marketing,Transportation, Materials, Maintenance, Production etc.

Biometrics Attendance Recording System introduced in Paradeep and AonlaUnits.

IFFCO IT team is providing regular support to all IFFCO JVs. Established Disaster Recovery Site at tier-IV Data Centre, Hyderabad.

Contd...

MAJOR ICT ACTIVITIES


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Most of the Software developed by in-house expertise, often

consulted by other organizations. HRMS, an in-house developed ERP, having 25 applications for

better Corporate Governance and internal work ow.

Intranet applications on Rules & Procedures, News, Weather,Crop growing periods, Notice Board, Technical Papers,Telephone, Blood Group, Software Project Monitoring, HardwareComplaints and Annual Con dential Reports etc.

Multilingual Agri Information Portal to extend bene t of ICT toCooperatives and farmers. More than 100 touch screen basedKiosks installed in 16 states.

Work ow applications implemented to reduce paper work.

Kisan call centre has become operational.Contd...

ICT ACTIVITIES DURING 2012-13


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Bandwidth of all MPLS-VPN links at Corporate of ce, New Delhi,

from Airtel, Tulip and BSNL were upgraded from 72 Mbps to 104Mbps and internet links were upgraded to 79 Mbps. High De nition LED based Tele-presence Video Conferencing

system has been installed at the Head Of ce and State Of cesfor conducting Video Conferencing between the Head Of ce & allMarketing Of ces. The Setup established can facilitate Video with 20

locations at one time. Oracle ERP system implemented in HO, MKCO, Phulpur, Kalol,

Kandla, Aonla and Paradeep Units, all State and Area MarketingOf ces.

Server Consolidation has been done at HO resulting in optimumresource utilization.

Upgraded LAN at Delhi on 10 Ghps redundant Fiber connectivity toeach oor with faster core switches and wi- access points.

Contd...

IP BASED HD VIDEO CONFERENCING SETUP


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Being heavily used for National and International internal meets, Departmental Interviews andReviews, Board Meetings etc.,Can connect upto 20 sites at a time. Received Green IT Award

Multi-site (20sites) HighDe nition(HD) VC unitwith Bridge atCorporate of ce,New Delhi.

IFFCO WIDE AREA NETWORK (WAN)


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87


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awaRds and accolades


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MAJOR AWARDS RECEIVED DURING 2012-13

IFFCO h b d l A d d i h 2012 13 Th j


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IFFCO has bagged several Awards during the year 2012-13. The major

Awards won by IFFCO were:IFFCO emerged as the only Cooperative amongst the top 100 companies.The Society was also ranked 4 th in this years Business Standards listingof 1000 unlisted companies.

IFFCO was accorded the rst prize for its publication Golden Harvest

by Public Relations Society of India. IFFCO also won the SKotch DigitalInclusion Award 2012.

C10100 Award was awarded to IFFCO. IFFCO IT was placed in Top 100CISCO award by InfoSecurity Magazine and iViZ Security for IT Security.IFFCO IT won 2012 Computer World Honors Laureate Award.

IFFCOs agriculture extension activities were also recognized by FAI.

Contd...


Ph l U i


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Phulpur Unit

Bagged the Best Production Performance Award for NitrogenousFertiliser Plant- 2012 from FAI. Selected for 2 nd prize in National Energy Conservation Award 2012 by

Bureau of Energy Ef ciency , Ministry of Power. Received National Award for Excellence in Energy Management 2012

by Confederation of India Industry (CII). Got Golden Peacock Environment Management Award for excellent

work done towards preservation of environment.Aonla Unit

Aonla Unit received Environment Protection Award for NitrogenousFertiliser Plant 2012 (Runner up) from Fertilisers Association of India(FAI), New Delhi, in the FAI Annual Seminar 2012.

Awarded NSCI Safety Award 2011 (Certi cate of Appreciation) from NSCI

for appreciable achievement in occupational Safety & Health during theassessment period of 3 years (2008-2010).

Contd...


R i d th 13 th l G t h E i t A d 2012 (G ld


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Received the 13 th annual Greentech Environment Award 2012 (Gold Award) in Fertiliser Sector, for outstanding achievement in EnvironmentManagement.

Bagged National Award for innovative Training Practices 2011-12(certi cate of merit) from Indian Society for Training & Development, NewDelhi, for innovative training practices at Aonla Unit.

Declared winner of the Golden Peacock National Training Award 2012 forinitiatives and achievements in the eld of training excellence.

Paradeep Unit

Environment Protection Award for NP/NPK Complex Fertiliser plantincluding Captive Acids Winner for the year 2012 from Fertilisers

Association of India (FAI). Best Technical Innovation Runner up for the year 2011-12 from FAI.

National Award for excellence in Water Management 2012 fromConfederation of India Industry (CII).


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94

iFFco's gRowth and jv /associates


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IFFCOs GROWTH

d l h


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As on Production

(000 MT)

Sales

(000 MT)

Turnover

( ` crore)

Net Worth

( ` crore)

01.04.1995(Before)

2935.6 3216.3 1931.93 1219.00

31.03.2000(During Vision 2000) 5275.6 5172.1 4688.93 2386.73

31.03.2005(During Mission 2005) 6153.7 6464.5 7396.98 3301.15

31.03.2010(During Vision 2010)

8197.8 11826.5 16808.57 4270.50

31.03.2015*(During Vision 2015)

15000 15000 30000 7500

AchievementsDuring 2012-13 7902 10054 21673.36 6281.19

* Targets

INVESTMENTS(As on 31.03.2013)


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JVs / SUBSIDIARIES / ASSOCIATES IFFCOs

Equity ( ` in Crore)

% of

Equity

Industries Chimiques du Senegal (ICS) 80.37 18.54

Indian Potash Limited (IPL) 2.68 34.00

IFFCO TOKIO General Insurance Company Ltd. (ITGI) 394.58 72.64

Oman India Fertiliser Company Ltd. (OMIFCO) 329.08 25.00

National Commodity and Derivatives Exchange Ltd. (NCDEX) 13.50 8.88

National Collateral Management Services Ltd. (NCMSL) 27.75 20.64

IFFCO Chhattisgarh Power Ltd. (ICPL) 66.60 74.00

Kisan International Trading FZE (KIT) 1.20 100.00

Jordan India Fertiliser Company (JIFCO) 440.26 27.00

IFFCO Kisan Sanchar Ltd. (IKSL) 3.65 72.99

Contd.

INVESTMENTS(As on 31.03.2013)

JV / SUBSIDIARIES / ASSOCIATES IFFCO % f


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JVs / SUBSIDIARIES / ASSOCIATES IFFCOs

Equity ( ` inCrore)

% of

Equity

IFFCO Kisan SEZ Ltd. 61.65 100.00

IFFCO Kisan Bazar and Logistics Ltd. 19.00 100.00

Universal Commodity Exchange Ltd. 15.00 15.00

Indian Farm Forestry Development Cooperative Ltd. 12.54 95.52

Grow Max Agri Corp 2.34 1.00

Maharashtra State Cooperative Bank Ltd. 0.10

Contd.....

INFRASTRUCTURAL INVESTMENTS

Project/Location Objective Project Cost


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Jetty at To handle liquid Raw Materials ` 24 CroreKandla Unit

Barge Jetty at To handle Solid RMs and ` 35 CroreKandla Unit * Imported Ferts.

Railway line/siding Speedy Movement of Fertilisers ` 46.5 Croreat Kandla and Paradeep*

Marine Cargo Transportation of Fertilisers ` 40 CroreTerminal at Paradeep *

* Work in progress

Contd...

INVESTMENT FOR CAPACITY INCREASE

In the year 1993, IFFCO initiated major Expansion


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101

y , j p

Projects for all the four operating units by setting up newplants or by way of expansion of existing plants

By the year 1999, all the four projects of IFFCO werecompleted at a cost of ` 2500 crore without any cost and

time overrun

Investment to the equity capital were made from internalresources of the Society

Production capacity of the Society was doubled

Contd...


Aonla project completed ahead of schedule in Dec 1996 at


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102

p j p

a cost of ` 955 crore. Commercial production started from25.12.1996

Kalol Ammonia and Urea Plants revamped in August 1997at an investment of ` 149.7 crore

Phulpur Expansion Project completed in December 1997within 32 months from the zero date at an investment of

` 1190 crore. Commercial Production started on 22.12.1997

Kandla Expansion completed at a Project costof ` 205.3 crore and commercial production started

on 5.8.1999; 77 days ahead of scheduleContd...


Energy Saving Project (ESP) implemented in all Ammonia


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and Urea Plants at Kalol, Phulpur and Aonla units withtotal investment of ` 412 Crore (USD 90 Million).

Capacity Enhancement Project (CEP) increased Ureacapacity to 42.42 lakh tonne from 36.89 lakh tonne.

Acquired NPK/DAP Plant of 2 Million MTPA at Paradeepalongwith Phosphoric Acid and Sulphuric Acid plant at acost of USD 505 Million in October 2005.

INDUSTRIES CHIMIQUES DU SENEGAL (ICS)

IFFCO holds 18.54 % equity in ICS as on March 31, 2013.


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Industries Chimiques du Senegal (ICS) was established following anagreement between the Government of India and Government of Senegal inMarch 1980.

The commercial production of the Phosphoric Acid plant at Darou, Senegalcommenced in April, 1984. The Darou plant had an initial installed capacityof 240,000 Tonne Per Annum (TPA) of Phosphoric Acid in terms of P 2O5 andthe Mbao Plant of 200,000 TPA NPK fertilizer.

The Darou plant was debottlenecked in 1991 to increase its capacity to330,000 TPA P2O5. ICS implemented Expansion Project to increase thecapacity of Phosphoric Acid to 660,000 TPA P 2O5 in February 2002.

ICS was recapitalized in April 2008 and a Consortium led by IFFCO took overthe management control of ICS. Since acquiring the management control,major investments have been taken up for rehabilitation of ICS plants.

ICS exported 3.64 lakh MT of Phosphoric Acid in terms of P 2O5 to IFFCOduring the year 2012.

INDIAN POTASH LIMITED (IPL)

IFFCO holds 34% equity in IPL as on March 31, 2013.


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IPL is primarily engaged in trading of imported Potassic,Phosphatic and nitrogenous Fertilisers.

IFFCOs demand of Potash for its complex fertilizer plant

at Kandla is also sourced from IPL.

IPL has also diversi ed into Dairy business.

During the year 2011-12, the company achieved salesturnover of ` 25773 Crore.

IFFCO-TOKIO GENERAL INSURANCE CO. LTD. (IFFCO TOKIO)

IFFCO TOKIO was established in the year 2000 in collaboration with TokioMarine Asia with opening of the Insurance Sector for private investment.


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p g p

IFFCO holds 72.64% equity in IFFCO TOKIO as on March 31, 2013.Indian Potash Ltd and Tokio Marine Asia hold 1.36% and 26% equity inIFFCO TOKIO, respectively.

The scope of operations of IFFCO TOKIO includes a mix of the following :

Rural Insurance Business. Fire Insurance Business. Marine Insurance Business. Miscellaneous Insurance Business.

During the nancial year 2012-13, IFFCO TOKIO recorded a GrossWritten Premium (GWP) of ` 2649 Crore with pro t before Tax of ` 197crore (provisional).

IFFCO-TOKIO has a 100% subsidiary called IFFCO-TOKIO InsuranceServices Ltd. which commenced its operations in Sept 2003.Contd...

106

OPERATIONS OF IFFCO TOKIO

Cooperative Institutions like State, District and Urban Cooperative Banks,C tt C ti D i C ti d S C ti


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Cotton Cooperatives, Dairy Cooperatives and Sugar Cooperatives areused for selling IFFCO TOKIO products.

To strengthen Cooperative Channels, IFFCO TOKIO is recruiting Agentsfrom Cooperative Societies so that the bene ts of Insurance reaches thevillage populace.

Cooperative Agents are trained and all the expenses are borne by IFFCO

TOKIO. The Society gets an additional income by way of commission. IFFCO TOKIO has been identi ed for Micro Insurance innovation

Grant by International Labour Organization (ILO) to carry out the CattleInsurance project called Pashudhan Bima.

The Company participated actively in Rashtriya Swasthya Bima Yojna

(RSBY) of Govt. Of India and extended health Insurance to more than 5lakh Below Poverty Line (BPL) Families.Contd...

Apart from meeting general insurance requirements of rural

INSURANCE PRODUCTS OF IFFCO TOKIO


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area like policies for Home, Shops, Tractors, Two Wheelers etc.,IFFCO TOKIO has also launched various products to caterto insurance needs of the farming community in rural areas:

Barish Bima Yojna Mausam Bima Yojna

Kisan Suvidha Bima Yojna Mahila Suraksha Bima Yojna Janta Bima Yojna Jansuraksha Bima Yojna Janswasthaya Bima Yojna

Sankat Haran Bima Yojna Fasal Bima Yojna

This Unique Policy which is linked with the purchase of

SANKAT HARAN BIMA YOJANA BY IFFCO TOKIO


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fertiliser bag from Cooperative Society and Sponsored byIFFCO has entered into its 13 th year.

Maximum liability limited to ` 1 lakh irrespective of thenumber of bags purchased.

Cash receipt is evidence of the insurance cover.

During the period, the Policy provided insurance cover toapproximately 76.51 lakh farmers.

Has disbursed claims to the tune of ` 80.14 crore sinceSeptember 2001.

Contd...

IFFCO KISAN SANCHAR LTD. (IKSL)

IFFCO holds 72.99 % equity in IKSL as on March 31, 2013.


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IKSL was incorporated in April 2007 with the objective to useInformation Communication Technology to empower farmersin rural India and to strengthen the cooperative network in thecountry.

During the year 201213, IKSL achieved a turnover of ` 225crore with provisional Pro t Before Tax of ` 8.25 crore.

ifasal, a special service on Airtel DTH Channel, started on23 rd October, 2012

During 2012-13, IKSL added 19.76 lakh new users of which11.5 lakh farmers actively avail of the voice message service.

Contd...

IKSL OPERATIONS

IKSL received the prestigious Business in the communitys


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(BITC) Award for Excellence 2011- Coffey International Award in UK.

IKSL received Best Jury Award at eWorld Forum 2011,SKOCH Digital Inclusion Award 2011 and Grand Jury Awardof the Manthan Award South Asia.

IKSL has been awarded for the work of establishing andoperating Kisan Call Centre (KCC) services by Departmentof Agriculture and Cooperation (DAC), Ministry of Agriculture,Government of India.

KISAN INTERNATIONAL TRADING FZE (KIT)

Kisan International Trading FZE (KIT), a wholly owned subsidiary ofIFFCO was set up as a trading and investment venture in Dubai in


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IFFCO was set up as a trading and investment venture in Dubai in April 2005 primarily to handle imports, exports and logistics supportfor various fertilizers, fertilizers, raw materials and intermediates for allround agricultural development and farmers welfare.

KIT actively trades in Rock Phosphates, Ammonia, Phosphoric Acid,

Urea, Di-Ammonium Phosphate (DAP), Mono-Ammonium Phosphate(MAP), NP Fertilisers, Sulphur, speciality Water Soluble Fertilisers likeSulphate or Potash, Iron Ore, Furnace Oil and Zinc Ash.

The Company also undertakes logistics for transportation of Ammoniato IFFCO under the Ammonia offtake Agreement of IFFCO with Oman

India Fertiliser Company (OMIFCO) at Sur in Oman.

Contd...

KIT has made strategic investments in leading organizations likeLegend International Holdings Inc Australia Americas Petrogas Inc

KISAN INTERNATIONAL TRADING FZE (KIT)


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Legend International Holdings Inc, Australia, Americas Petrogas Inc,Canada, Grow Max Agricorp, Canada, and Jordan India FertilizerCompany LLC (JIFCO).

KIT has also promoted IFFCO CANADA Enterprise Ltd. in Quebec,Canada with its Canadian partners to set up a Urea Project to produce

1.27 million tonne of Urea per annum with an investment of USD 1.2Billion ( ` 6500 crore)

IFFCO CANADA Enterprise Ltd., an ammonia-urea project, is expectedto be commissioned in 2017.

KIT has established a 100% subsidiary namely FERT COOP Trading

LLC, Dubai to deal in local trading activities in UAE.

OMAN INDIA FERTILISER COMPANY (OMIFCO)

IFFCO holds 25% equity in OMIFCO as on March 31,2013. OMIFCO has two-train Ammonia-Urea Fertiliser manufacturing plant


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g pwith Ammonia and Urea capacities of 2x1750 TPD and 2x2530 TPDrespectively at the Sur Industrial Estate in the Sultanate of Oman.

The Complex is designed to produce 1.652 million tonne per year ofgranulated urea and 0.25 million tonne per year of surplus Ammoniausing Natural Gas as feedstock.

The Commercial production started on July 14, 2005. Natural Gas is supplied by the Ministry of Oil and Gas, Sultanate of

Oman under long term Gas Supply Agreement. Entire production of Urea is being purchased by Government of India

under a long term Urea Offtake Agreement. The Surplus Ammoniais being purchased by IFFCO under a long term Ammonia Offtake

Agreement. The Company sold 1.80 million MT of Urea and 0.15 million MT of

surplus Ammonia during the year 2012.

114

NATIONAL COMMODITY AND DERIVATIVEEXCHANGE (NCDEX)

IFFCO holds 8.88% equity stake in NCDEX as on March 31, 2013.


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NCDEX is the leading Commodity Exchange promoted by NABARD,ICICI, NSE, LIC and IFFCO. Other Major Shareholders are JaypeeCapital Services Ltd., Shree Renuka Sugars Ltd., CRISIL, PNB,Canara Bank and Goldman Sachs.

NCDEX is a leading nationwide commodity exchange which providesonline trading platform for commodity futures.

NCDEX has over 865 Trading and Clearing Members and more than48000 trading terminals spread over 700 centers across the country.

Commodities traded on the Exchange stood at 29 comprising of21 agricultural products, 3 energy, 2 metals and 3 bullion as onMarch 31, 2013.

Contd...

NCDEX

NCDEX has accredited more than 780 warehouses with


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storage capacity of about 6 lakh MT.

The Company has 80 depository participants and 15clearing Banks.

The Average Daily Traded Value (ADTV) ON NCDEXplatform in 2012-13 was ` 5437 crore.

116

NATIONAL COLLATERAL MANAGEMENTSERVICES LTD. (NCMSL)

IFFCO holds the largest 20.64% equity stake in NCMSL as on March 31,2013.


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NCMSL was incorporated on 28th September, 2004 and is the rst Nationallevel Collateral Management Company.

NCMSL provides services in both, the Agricultural sector and the Industrialsector. On the Agricultural side, NCMSL provides services to the Farmerscommunity in the form of quality testing and warehousing facilities. In theIndustrial segment NCMSL offers Risk Management Solutions, FieldWarehousing Facility and Receivables Management Services.

NCMSL handles over 800 Warehouses across India covering all strategiclocations.

NCMSL has rmed up plan to acquire 216 acres of land for setting up its ownwarehouses across various sites in India.

For the year 2011-12, NCMSL achieved an income of ` 203.93 Crore withPro t after Tax of ` 10.15 Crore.

IFFCO KISAN BAZAR & LOGISTICS LTD.

The Company was incorporated on February 26, 2004


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as 100% owned subsidiary of IFFCO with the objectiveto provide one stop shop for farmers to cater to theirrequirements of fertilizers, seeds, agro chemicals,pesticides and agricultural tools etc.

The Company has included setting up and developmentof logistics, infrastructure, industrial and commercialstructures in its eld of business activities.

IKBLL has been identi ed as Special Purpose Vehicle(SPV) by IFFCO for setting up Barge Jetty for Solid CargoHandling at Kandla along with Kandla Port Trust.

118

IFFCO CHHATTISGARH POWER LTD. (ICPL)

IFFCO has diversi ed into the power sector by incorporating a jointventure company, named IFFCO Chhattisgarh Power Limited (ICPL) to


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set up a 1320 MW coal based Mega Power Plant in District Surguja ofChhattisgarh.

IFFCO, as the majority partner, holds 74% equity and Chhattisgarh StatePower Holding Company Limited (CSPHCL) holds 26% equity in ICPL.

Coal required for the project will be supplied through Tara Coal Blockclose to the Project Site. The mines have coal reserves of 252 million MT.The coal block is being developed by CMDC ICPL Coal Ltd (CICL), aJoint Venture of ICPL and Chhattisgarh Mineral Development CorporationLtd in which CMDC holds 51% share and ICPL holds 49% share in equity.

Private land acquisition is complete. Other statutory clearances, water

allocation, Power Purchase Agreement are already in place.

JORDAN INDIA FERTILIZER COMPANY (JIFCO)

IFFCO and Jordan Phosphates Mines Company Ltd. (JPMC), Jordanestablished Jordan India Fertiliser Company (JIFCO) on March 6,


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2008.

JIFCO is constructing a Phosphoric Acid Plant with Annual Capacityof 475,000 MT of P 2O5 at Eshidiya in Jordan.

IFFCO (27%) and Kisan International Trading FZE, Dubai (25%)together hold 52% equity, while JPMC holds 48% equity.

JPMC will make available the required quantity of Rock Phosphatefor the project, while KIT will purchase minimum 70% of Phosphoricacid Produced.

SNC Lavalin, France, is the Project Manager under Engineering,Procurement and Construction Management Contract. Projectimplementation activities commenced on October 14, 2010.

The Project is expected to start commercial production by July 2013.

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AMERICAS PETROGAS INC. (API), CANADA

IFFCO and Associates have acquired about 15% stake in AmericasPetro Gas Inc., Canada (API) along with 20% stake in its subsidiaryGrowmaxAgri Corp, Canada.


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API is a public listed Canadian Company having interests in Oil and Gaselds in Argentina and Potash reserves in Peru.

APIs 100% subsidiary Petrogas Argentina, C.A. holds working interestin 16 blocks having 2 million acres in Neuquen basin of Argentina forexploration of oil and gas. Production of Crude Oil commenced on

April 2010.

API has promoted Canadian subsidiary GrowmaxAgri Corp (Growmax).GrowMaxs 100% owned subsidiary, Americas Potash Peru (APP) issetting up Potash Mining Project at Bayovar, Peru of capacity 0.25 millionMT per annum. The Company holds about 820 sq. km of surface andsub-surface rights in the deposits of Potash in Sechura Province of Peru.

GrowMax has signed a Potash Offtake-Agreement with Kisan

International Trading FZE(KIT). As per the Offtake agreement, IFFCOand its associates would off-take up to 50% of the MOP produced fromthe project.

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IFFCO KISAN SEZ LTD. (IKSEZ)

IFFCO has set up an Agro-based Kisan SEZ in Nellore, AndhraPradesh through its wholly owned subsidiary namely IFFCO Kisan


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SEZ Limited (IKSEZ), with primary focus on Food Processing and Agri Based Industries.

The SEZ has 1023 Hectares (2527 Acre) of land owned by IFFCO,noti ed by Ministry of Commerce on 19th April, 2010.

All Central Government clearances, including the Environment

Clearance for SEZ and State Government approvals have beenobtained.

Project Proposals have been received relating to Aqua Foodprocessing, Poultry Processing, Logistics Infrastructure, ColdStorages and Vegetable & Fruits Processing, which are underconsideration.

SEZ became operational on 09.10.2012 with an Agri processing unitexporting processed onions and red chillies.

vision 2015


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BROAD VISION OF THE SOCIETY

To augment the incremental income of farmers by helping

h i h i d i i h h b l d


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them to increase their crop productivity through balanceduse of energy ef cient fertilisers

To maintain the environmental health

To make cooperative societies economically anddemocratically strong for professionalised services to thefarming community to ensure an empowered rural India.

To diversify into other pro table business areas, apart fromfertiliser sector, for sustained growth and adequate returnto member shareholders

VISION 2015

IFFCO successfully implemented its earlier Corporate Plans namelyVISION 2000, MISSION 2005 and VISION 2010 which resultedi b i f h l d d k f Ch i l


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in becoming one of the largest producer and marketer of ChemicalFertilisers by expansion of IFFCOs existing units, setting up jointventure companies overseas and diversi cation into new sectors.

IFFCO has now visualised a comprehensive Plan entitledVISION-2015 having objectives of :-

Production of fertilisers through expansion of existing units Setting up of fertiliser production facilities in India and abroad

Diversi cation into other pro table sectors

Strengthening its raw material sourcing through Strategic jointventures in India and abroad

Formulation of Strategic Alliances through IFFCO consortium

MAJOR SALIENT FEATURES OF VISION-2015

Become Global Leader in Fertilisers Production to cater toFood Security needs of the Nation.


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Maximise synergies of core business through Downstreamvalue Additions and Forward/Backward integration.

Enhance presence in International markets through strategic joint ventures and Synergistic Acquisitions.

Promote Integrated Nutrient Management to improve ef ciencyof fertiliser use and to promote location speci c research onef cient fertiliser practices.

Diversify into other pro table businesses to maximise returns

to stake holdersContd...

MAJOR SALIENT FEATURES OF VISION-2015

Bring sustainability and strategies to prevent climatechanges by reducing Energy consumption, improving

d bl


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Resources management and promoting RenewableEnergy sources.

Help Cooperative Societies to become economicallystrong, professionally managed and to equip Farming

community with advanced agricultural practices forimproved productivity to ensure empowered Rural India.

Achieve Fertilisers Production/Marketing target of15 million tonne per annum with an annual turnover of

` 30,000 crore.

Leverage State of the Art Technologies and Global bestpractices to retain its global competitiveness

MAJOR PROJECTS IN HAND

IFFCO CHHATTISGARH POWER LIMITED

JORDAN INDIA FERTILISER COMPANY


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JORDAN INDIA FERTILISER COMPANY

AMERICAS PETROGAS INC.

IFFCO KISAN SEZ LIMITED

IFFCO CANADA ENTERPRISES LIMITED

TARGETS UNDER VISION - 2015

Area of Operation Projected Target


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Production of Fertilisers 15 Million Tonne

Sale of Fertilisers 15 Million Tonne

Turnover USD 6500 MillionNetworth USD 1700 Million

INFORMATION FORinteRnational guests


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PRODUCTION PERFORMANCE('000 MT)


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('000 MT)

SALES PERFORMANCE


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FINANCIAL PERFORMANCE(USD Million)

2008-09 2009-10 2010-11 2011-12 2012-13

SALES TURNOVER 6055.11 3090.42 3896.94 4706.62 3984.86

PROFIT BEFORE TAX 81 26 104 30 188 60 187 13 203 61


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PROFIT BEFORE TAX 81.26 104.30 188.60 187.13 203.61

PROFIT AFTER TAX 66.19 73.75 145.52 141.97 133.98

SHARE CAPITAL 78.38 78.37 78.32 78.29 78.30

RESERVES &SURPLUS

649.50 706.80 835.11 959.67 1076.56

NETWORTH 727.88 785.17 913.42 1037.96 1154.86INVESTMENTS 168.05 164.06 215.10 239.05 270.34

The items have been stated at the current nancial year-end rate of ` 54.3893 per US$, to make the same comparable.

(USD Million)

PROFIT BEFORE TAX & PROFIT AFTER TAX

300

PBT PAT


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187.13203.61

73.75

145.52 141.97 133.98

188.60

104.30

66.19

0

50

100

150

200

250

2008-09 2009-10 2010-11 2011-12 2012-13

PBT PAT

81.26

TURNOVER AND NETWORTH(USD Million)

Turnover Networth


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6055.11

7 2 7 .

8 8

3090.42

7 8 5 .

1 7

3896.94

9 1 3 .

4 2

4706.62

1 0 3 7

. 9 6

3984.86

1 1 5 4

. 8 6

2008-09 2009-10 2010-11 2011-12 2012-13


Production of Fertilisers 7.90 Million MT(Best 8.58 million MT in 2010-11)


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Sales of Urea & NPK/DAP 10.05 Million MT(Best 12.59 million MT in 2010-11)

Highest Pro t Before Tax USD 203.61 Million(Previous best USD 188.60 million in 2010-11)

Pro t After Tax USD 133.98 Million(Best USD 145.52 million in 2010-11)

Sale Turnover USD 3984.86 Million(Best USD 6055.11 million in 2008-09)

CUMULATIVE ACHIEVEMENTS

FERTILISER PRODUCTION 144.03 Million MT

FERTILISER SALE 170 51 Million MT

(Till 31st March, 2013)


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FERTILISER SALE 170.51 Million MT

TURNOVER USD 38943.14 Million

PROFIT BEFORE TAX USD 1946.52 Million

PROFIT AFTER TAX USD 1476.76 Million

CONTRIBUTION TO USD 2396.43 MillionEXCHEQUER

(In Million MT)



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Indian Farmers Fertiliser Cooperative Ltd. bafM;u QkjelZ QfVZykbtj dksvkijsfVo fyfeVsM


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Designed & Compiled by:Management Services Department

Website : www.iffco.in, www.iffco.coop

Produced by:Publicity Department

Indian Farmers Fertiliser Cooperative Ltd.IFFCO Sadan, C-1, Distt. Centre, Saket Place, New Delhi-110 017

Printed at:Printocrat Inc. Pvt. Ltd.,

C111/2, Naraina Industrial Area Ph-I, New Delhi- 110 028(June 2013) (2500 Copies)

IFFCO at a Glance 2012-13

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Transcript of IFFCO at a Glance 2012-13