jkVªh; gFkdj?kk fodkl fuxe fyfeVsM › UPLOAD › AnnualAccount › Annual... · 2017-03-20 ·...

1

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsMbdrhlok¡ okf"kZd çfrosnu

2013-14

NATIONAL HANDLOOM DEVELOPMENTCORPORATION LIMITED

31st Annual Report

2013-14

2

y{;

gFkdj?kk dh mUufr o fodkl ds fy;s jk"Vªh; Lrj dh laLFkk ds :i esa viuh lsok;sa miyC/k djkukA

uSxfed mís';

1- la'kksf/kr vkiwfrZ Üka[kyk çcU/ku ¼lIykbZ psu eSustesaUV½ ç.kkyh ds ek/;e ls vPNh xq.koÙkk dk dPPkk eky tSls fd lwrrFkk jax o jlk;u vkfn miyC/k djkdj viuh çfr;ksxh {kerk dks iSuk djukA

2- miyC/k lalk/kuksa ds leqfpr mi;ksx }kjk vius dk;Z lapkyu dks vkSfpR;iw.kZ cuk, j[kukA

3- fodkl dk;ZØeksa dk lapkyu bl çdkj djuk fd ;kstukvksa@mRiknksa@leqfpr rduhd rFkk foi.ku ek/;eksa vkfn dsfo"k; es cqudjksa dh tkudkjh c<+kus esa lgk;rk feysA

4- gFkdj/kk {ks= ds fodkl gsrq] dk;ZØeksa ds Rofjr fØ;kUo;u ds fy;s dsUæ ljdkj dh fuf/k;ksa] _.kksa rFkk vuqnku vkfndks gFkdj?kk laLFkkvksa rd igq¡pkus dk ek/;e cus jgukA

5- çf'k{k.k rFkk ijke'kZ ds ek/;e ls dkfeZdksa ds ;ksxnku esa o`f) djuk rFkk mudh thfodko`fÙk esa çxfr ds lqvoljksa dkslqfuf'pr djukA

3

MISSION

To serve as a National level agency for the promotion and development of the handloom sector.

CORPORATE OBJECTIVE

1. To enhance its competitive edge in providing quality raw material i.e. yarn, dyes & chemicals through

improved supply chain management.

2. To maintain viability of operations through effective utilization of available resources.

3. To take up the development programmes so as to contribute to increasing the awareness of

schemes/products/appropriate technology and marking avenues etc.

4. To continue to act as a channel for routing Central Government funds, loans & grants to handloom

agencies to aid in speedy implementation of Programmes for development of the sector.

5. To ensure increasing contribution from personnel through training/counselling and to ensure career

progression opportunity.

4

fç; va'k/kkjd]

fuxe dh 31oha okf"kZd lk/kkj.k lHkk esa vki lHkh dk Lokxr djrs gq, eq>s vikj g"kZ gks jgk gSA lk/kkj.k okf"kZd lHkkds vk;kstu dh lwpuk 31 ekpZ 2014 dh lekIr o"kZ gsrq fLFkfr i=d rFkk funs'kdksa dh fjiksVZ igys ls gh vkids ikl gSvkidh vuqefr ls eSa bls i<+ jgk gw¡] eSa bls viuk lkSHkkX; ekurk gw¡ fd eq>s vkidks lacksf/kr djus rFkk fuxe ds dk;Zfu"iknu ,oa Hkfo"; ds ifjn`'; ij vius fopkj O;Dr djus dk lqvolj feyk gSA

fu"iknu ifjn`'; %

o"kZ 2013&14 ds nkSjku vkids fuxe us #- 1840-03 djksM+ ¼foxr o"kZ #- 1375-47 djksM+½ dk VuZvksoj izkIrfd;k gSA foxr o"kZ ds nkSjku #- 6-97 djksM+ ds le{k foÙkh; o"kZ 2013&14 esa dj i'pkr~ 'kq) ykHk c<+dj #- 12-03djksM+ gks x;k gSA

foxr o"kZ ds nkSjku #-1-41 djksM+ ds le{k fuxe }kjk o"kZ 2013&14 gsrq #- 2-41 djksM+ ykHkka'k dh laLrqfr dhxbZ gSA

;g iw.kZ larqf"V dh ckr gS fd vkidk fuxe _.k ls eqDr gS rFkk fuf/k laca/kh dk;Z vR;Ur O;ofLFkr gS ,oa lEiw.kZdk;Z'khy iwath vius vkarfjd L=ksrksa ls izkIr dj yh tkrh gS] ftlls fd C;kt dk dksbZ vf/kHkkj fuxe ij ugha gSA dkjksckjesa fuxe dks izkIr vYi ekftZu dks ns[krs gq, ;g ,d vk'kk dh fdj.k gSA

Hkfo"; dk ifjn`'; %

foxr n'kd esa gFkdj?kk {ks= dks ,d vyx rjg ls lg;ksx nsus dh igy dh x;h gSA fodkl vk;qDr gFkdj?kk dsdk;kZy; }kjk foÙkh; o"kZ 2006&07 ds nkSjku fMiks ;kstuk esa la'kks/ku fd, x, Fks ,oa blh Lrj ij ifjogu izfriwfrZ dks j[krsgq, fMiks vf/kHkkjksa esa 1% ls 2-5% dh c<+ksÙkjh dh xbZ gS lkFk gh ykxr dh vf/kdrk ds dkj.k gFkdj?kk {ks= dh vykHkdkjhfLFkfr dks de djus ds fy, fodkl vk;qDr gFkdj?kk ds dk;kZy; }kjk 06 tuojh 2012 ls fey xsV ewY; ;kstuk ds varxZrgFkdj?kk {ks= dks forfjr fd, tkus okys lwrh yPNh lwr rFkk ?kjsyw js'ke lwr ij 10% ewY; lfClMh rFkk twV ,oa js'ke dsvykok vU; lwr ij 1% ls 2-5% rd ifjogu izfriwfrZ vuqeU; dh xbZ gSA

O;kikj esa o`f) gsrq fuxe }kjk laxBukRed iqulZjapuk ds lkFk&lkFk {ks=h;@tksuy dk;kZy;ksa esa vf/kd ls vf/kdvfèkdkfj;ksa ,oa deZpkfj;ksa dh rSukr dh xbZ gSA ifj.kke Lo:i VuZvksoj esa foÙkh; o"kZ 2006&07 ds nkSjku #- 417-16 djksMls foRrh; o"kZ 2013&14 ds nkSjku 1840-03 djksM+ rd dh c<+ksÙkjh gqbZ gS] ek= lkr o"kksZa esa pkj xquk ls vf/kd dh o`f)gSA

fuxe dqy yPNh lwr ds mRiknu dk yxHkx 21% vkiwfrZ dj jgk gSA gekjs lkeus ;g vHkh cgqr cM+k O;kikfjd voljgS fd 'ks"k 79% yPNh lwr vkiwfrZ;ksa ds O;kikj ij Hkh ge vf/kdkj izkIr dj ldsaA bl cgqr cM+s O;kikfjd volj dh miyCèkrkls vkids fuxe dk vkRefo'okl rFkk egRokdka{kk c<+sxh rFkkfi gesa viuh dk;Z i)fr esa lq/kkj djus rFkk O;kikfjd voljksadk vf/kd vkØkedrk ds lkFk ykHk mBkus dh vko';drk gSA

v/;{k dk Hkk"k.k

5

CHAIRMAN'S SPEECH

Dear Shareholders,

It gives me immense pleasure to welcome you all to the 31st Annual General Meeting of the corporation.

The notice convening the AGM, Balance Sheet and Directors' Report for the year ended 31st March, 2014

are already with you and with your permission, I take them as read. I consider it as my privilege to address

and share my views on performance of the corporation and future scenario.

PERFORMANCE OVERVIEW :

Your corporation achieved a turnover of Rs. 1840.03 crore (Previous year - Rs. 1375.47 crore)

during 2013-14. The net profit after tax has increased to Rs. 12.03 crore in FY 2013-14 as against Rs.

6.97 crore during the previous year.

Your corporation has recommended a dividend of Rs. 2.41 crore for the year 2013-14 as against

Rs. 1.41 crore during the previous year.

It is a matter of great satisfaction that your corporation is a debt free corporation and the treasury

functions are so well managed that the entire working capital is met out from its internal resources and

there is no burden of interest cost on the corporation, which is the silver lining, considering the thin

contribution margings of the corporation.

FUTURE SCENARIO :

The last decade has seen path breaking initiative to provide support to the handloom sector. During

the FY 2006-07, the office of DC (Handlooms) has revised the depot scheme, wherein, the depot charges

were increased from 1% to 2.5% keeping the transportation reimbursement at similar level. Further, in

order to mitigate the cost disadvantage of handloom sector, the office of DC (Handlooms) has allowed

10% price subsidy on cotton hank and domestic silk yarn to be distributed in the handloom sector under

MGPS and also increased the transportation re-imbursement on yarn other than silk & jute from 1% to

2.5% w.e.f. 06th Jan, 2012.

The corporation has also undertaken organisational restructuring and redeployed more and more

officers and staff to the field offices to generate more business. This has resulted in increase in turnover

from Rs. 417.16 crore during the FY 2006-07 to Rs. 1840.03 crore during the FY 2013-14, increasing it

more than four folds just in a span of 7 years.

The corporation is supplying approximately 21% of the total hank yarn production and there is a

huge business opportunity to capture the remaining 79% of the untapped hank yarn supplies. The availability

of this huge business opportunity makes your corporation more confident and ambitious. However, we

need to spruce up our work style and aggressively look for more business opportunities.

6

vkUrfjd fu;a=.k iz.kkyh o mldh i;kZIrrk %

fuxe }kjk vius vkdkj ds leuq:i vkUrfjd fu;a=.k iz.kkyh fodflr dh x;h gSA vkUrfjd fu;a=.k dks vf/kd izHkkohcukus ds fy;s O;kid vkUrfjd ys[kkijh{kk fu;ekoyh ds vfrfjDr vkUrfjd ys[kk ijh{kdksa dks le;≤ ij vko';drkuqlkju, tkap fcUnqvksa dk lq>ko Hkh fn;k tkrk gSA fuxe dh vkUrfjd ys[kk ijh{kk] fuxe ds vkUrfjd ijh{kk ny rFkk ckgjh Lora=pkVsZM ,dkmUVsUV }kjk dh tkrh gSA ys[kk ijh{kk lfefr ds fu.kZ;kuqlkj izR;sd o"kZ {ks=h; dk;kZy;ksa dh ys[kk ijh{kk vkUrfjdys[kk ijh{kk foax }kjk ckjh&ckjh ls dh tkrh gS ys[kk ijh{kk lfefr }kjk vkfof/kd :i ls vkUrfjd ys[kk ijh{kk rFkk ys[kk ijh{kkiz.kkyh dh leh{kk dh tkrh gS rFkk fujUrj lq/kkj ds fy;s tgka vko';d gS ogka lq/kkj ds mik; fy;s tkrs gSaA

uSxfed vfHk'kklu %

vkidk fuxe nh?kZdkyhu mi;qDr uSxfed vfHk'kklu dh izFkkvksa] ftlls fd i.k/kkfj;ksa dks vkfFkZd ykHk izkIr gks esafo'okl djrk gSA uSxfed vf/k'kklu dh izFkkvksa ij] ftldk vuqlj.k fuxe }kjk fd;k tk jgk gS] fd fjiksVZ rFkk izca/kuokrkZ ,oa fo'ys"k.k fjiksVZ] funs'kdksa dh fjiksVZ ds vuqyXud ij vkids voyksdukFkZ izLrqr gSa

vkHkkj %

fdlh Hkh miyfC/k dks izkIr djus ds fy, ekuoh; lg;ksx vko';d gS] jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds fodkldk o`rkUr blls fHké ugha gSa eSa] viuh vksj ls rFkk funs'kd e.My dh vksj ls l{ke dfeZ;ksa tks fd dfBu ifjJe gsrq izfrc)gaS ds izfr vkHkkj vfHkfyf[kr djrk gw¡] ftuds }kjk fu"BkiwoZd fd, x, lrr~ iz;klksa ds ifj.kkeLo:i fuxe dks mÙke ifj.kkeizkIr gq, gSaA eSa funs'kd e.My ds lnL;ksa] v'ak/kkjdksa] oL= ea=ky;] vU; ljdkjh foHkkx] Hkkjr ds fu;a=d ,oa egkys[kkijh{kd] lkafofèkd rFkk 'kk[kk ys[kk ijh{kdksa ds lrr~ ekxZn'kZu ,oa lg;ksx gsrq vkHkkj O;Dr djrk gw¡A eSa fofHké cSadjksa] miHkksDrklfefr;ksa] drkbZ feyksa] jaxksa rFkk jlk;uksa ds fuekZrk rFkk mu lHkh O;kikfjd laxBuksa ds izfr Hkh d`rKrk O;Dr djrk gw¡ ftUgksausgekjs fuxe ds izfr fo'okl O;Dr fd;kA

Hkfo"; esa fuxe dh o`f) esa gesa vkidk lrr~ lg;ksx okaNuh; gSA

g0@&

¼fnus'k dqekj½ v/;{kfnukad % 1 flrEcj] 2014

LFkku % ubZ fnYyh

7

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY :

The corporation has evolved a system of internal control commensurate with the size of the

corporation.In order to make the internal control more effective, besides comprehensive internal audit

manual, the new check points are also advised to the internal auditors from time to time on need basis.

The internal audit of the corporation is conducted by the internal audit team of the corporation as well as

outside independent Chartered Accountants. As per the decision of the Audit Committee, the head office

and regional offices of the corporation are audited by the internal audit wing and outside Chartered

Accountants alternatively every year. The internal control and audit systems are being reviewed periodically

by the Audit Committee and corrective measures are taken, wherever necessary, for continuous

improvement.

CORPORATE GOVERNANCE :

Your corporation believes that good corporate governance practices in the long term leads to creation

of weath to all stakeholders. A report on corporate governance practices, being followed by the corporation

and management discussion and analysis report are placed before you as Annexure to the Directors'

Report.

ACKNOWLEDGEMENT :

Any accomplishment requires human contribution and the growth of NDHC has no different story. I

on my behalf and on behalf of the Board place on record appreciation for hard work of our committed and

competent employees, whose sincere and continuous efforts have yielded 'Good' results. I am grateful to

the members of the Board, shareholders, Ministry of Textiles, other government departments, C&AG

auditors, Statutory and Branch Auditors for their continuous guidance and support. I also express sincere

gratitude to various bankers, user agencies, spinning mills, manufacturers of dyes & chemicals and

business associates, who have reposed confidence in your corporation.

I look forward to your contiuned support for corporation's growth in the future.

Dated : 01st Sept., 2014

Place : New Delhi

Sd/-

(Dinesh Kumar)

Chairman

8

fo"k; lwph CONTENTS

y{; o uSxfed mn~ns';v/;{k dk Hkk"k.klwpukfuns'kd e.Myfuns'kdksa dk izfrosnufuns'kdksa ds izfrosnu dk vuqyXudys[kk ijh{kdksa dk izfrosnuys[kk ijh{kdksa ds izfrosnu dk vuqyXud

dEiuh vf/kfu;e 1956 dh /kkjk 619¼4½ ds vUrZxrHkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh fVIif.k;kWa

okf"kZd ys[ks ys[kk uhfr;k¡ fLFkfr i=d ykHk&gkfu dk fooj.k

ys[kksa ij fVIif.k;ka

udnh izokg fooj.k dEiuh vf/kfu;e 1956 dh vuqlwph VI ds Hkkx IV ds vuqlkj lwpuk

Mission & Corporate Objectives 2-3

Chairman's Speech 4-7

Notice 9

Board of Directors 10

Director's Report 11-25

Annexure to the Director's Report 26 -47

Auditor's Report 48-53

Annexure of the Auditor's 54-59

Report

Comments of the Comptroller & 60-61

Auditor General of India under section

619 (4) of the Companies Act, 1956

ANNUAL ACCOUNTS

Accounting Policies 62-65

Balance Sheet 66-67

Statement of Profit & Loss 68-71

Notes of Accounts 72-121

Cash flow statement 122-123

Information of Part IV of 124-125

Schedule VI to the

Companies Act 1956

9

Notice is hereby given that the Thirty First

Annual General Meeting of the Corporation will be

held on 30th Sept. 2014 at 12.00 Noon at 10th floor,

Vikas Deep, 22-Station Road, Lucknow-226001,

to transact the following business :-

1. To receive, consider and adopt the Directors'

Report, the Audited Statement of Profit &

Loss and Cash Flow for the year ended 31st

March, 2014 and the Balance Sheet as at

that date annexed herewith and the Auditor's

Report thereon.

2. To appoint Directors, in place of those

retiring, if any.

3. To declare dividend.

By the order of the Board of Directors

bdÙkhloha (31oh a) okf"kZd lk/kkj.k lHkkdh lwpuk

lwfpr fd;k tkrk gS fd fuxe dh bdÙkhloha ¼31oha½okf"kZd lk/kkj.k lHkk dk vk;kstu fnukad 30 flrEcj]2014 dks vijkUg 12-00 cts 10ok¡ ry] fodkl nhi]22& LVs'ku jksM] y[kuÅ 226001 esa fuEufyf[kr dk;ksZa dkslEikfnr djus gsrq fd;k x;k gS %&

1- 31 ekpZ 2014 dks lekIr gq;s o"kZ ds fy;s funs'kdksads izfrosnu] lEijhf{kr ykHk o gkfu ds ys[kss] udnhizokg vkSj blds lkFk layXu mlh frfFk ds fLFkfri=d o ml ij ys[kk ijh{kdksa ds izfrosnu dks izkIrdjuk] ml ij fopkjdjuk ,oa mls vaxhdkj djukA

2- ,sls funs'kd tks vodk'k izkIr dj pqds gSa mudsLFkku ij funs'kdksa dh fu;qfDr] ;fn dksbZ gksA

3- ykHkka'k dh ?kks"k.kkA

Notice for Thirty First AnnualGeneral Meeting

funs'kd e.My ds vkns'k lsjk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM

g0@&¼t; xksiky egktu½

LFkku % y[kuÅ dEiuh lfpofnukad % 01 flrEcj] 2014

National Handloom Development

Corporation Ltd.

Sd/-

(Jai Gopal Mahajan)

Place : Lucknow Company Secretary

Date : 01st September, 2014

NOTE :

A member entitled to attend and vote at the

meeting is entitled to appoint a proxy and vote

instead of himself and a proxy need not be a

member of the corporation.

fVIi.kh %og lnL; tks cSBd esa Hkkx ysus rFkk ernku djus ds fy,

vf/kd`r gS og vius LFkku ij viuk izfrfuf/k fu;qDr djldrk gS ,oa vius LFkku ij mls oksV nsus gsrq Hkh vfèkd`r djldrk gS rFkk ;g vko';d ugha gS fd og izfrfuf/k fuxe dklnL; gksAlsok esa]va'k/kkjd@lkafof/kd ys[kk ijh{kd

To,

Shareholders/Statutory Auditors

10

funs'kd e.My (30-9-2014 dks)funs'kd e.My (30-9-2014 dks)funs'kd e.My (30-9-2014 dks)funs'kd e.My (30-9-2014 dks)funs'kd e.My (30-9-2014 dks)

Jh fnus'k dqekj v/;{kfodkl vk;qDr ¼gFkdj?kk½oL= ea=ky;] Hkkjr ljdkjJh vkj-oh-,l-ef.kmi lfpo] vkbZ-,Q- MCY;w-] oL= ea=ky;] Hkkjr ljdkj

Jh losZiYyh Jhfuokl izcU/k funs'kd

dEiuh lfpo ,oami egkizcU/kd ¼foRr ,oa ys[kk½Jh t; xksiky egktu

lkafof/kd ys[kk ijh{kd,- JhokLro ,.M dEiuhpkVsZM ,dkmUVsUV~l] y[kuÅA

'kk[kk ys[kk ijh{kdesllZ ts-ds- oekZ ,.M dEiuh] ikuhiresllZ d`".kk vuqjkx ,.M dEiuh] okjk.klhesllZ vkj- rqyfl;ku ,.M dEiuh] dksydkrkesllZ Mh-ds- jko ,.M ,lksfl,Vl] gSnjkcknesllZ th-th-,- ,.M ,lksfl,V~l] dks;EcVwjesllZ tkWtZ ,.M jsxh] dUuwj

çeq[k cSadlZbf.M;u cSad;qukbVsM cSad vkWQ bf.M;k;wfu;u cSad vkWQ bf.M;kbf.M;u vksojlht cSad,p-Mh-,Q-lh- cSad,fDll cSad

iathdr dk;kZy;10ok¡ ,oa 11ok¡ ry] ^fodkl nhi*22&LVs'ku jksM]y[kuÅ & 226 001lh-vkbZ-,u- u-% U17299UP1983GOI005974

BOARD OF DIRECTORS (As on 30.9.2014)

Shri. Dinesh Kumar Chairman

Development Commissioner (Handlooms)

Ministry of Textile, Govt. of India

Shri R.V.S. Mani

Dy. Secretary, I.F.W., Ministry of Textiles, Govt of India

Company Secretary and

Dy. General Manager (F&A)

Shri Jai Gopal Mahajan

BRANCH AUDITORS

M/s J.K. Verma & Co., Panipat

M/s Krishna Anurag & Co., Varanasi

M/s R. Tulsian & Company, Kolkata

M/s D.K. Rao & Associates, Hyderabad

M/s G.G.A. & Associates, Coimbatore

M/s George & Regi, Kannur

PRINCIPAL BANKERS

Indian Bank

United Bank of India

Union Bank of India

Indian Overseas Bank

HDFC Bank

Axis Bank

REGISTERED OFFICE

10th & 11th Floors, 'Vikas Deep'

22-Station Road,

Lucknow-226 001

CIN No.: U17299UP1983GOI005974

Shri Sarvepalli Srinivas Managing Director

STATUTORY AUDITORS

A. Srivastava & Co.

Chartered Accountants, Lucknow

11

funs'kd e.My dk çfrosnuBOARD OF DIRECTORS' REPORT

12

funs'kdksa dk izfrosnulsok esa]va'k/kkjdx.k

vkids funs'kd e.My dks] fuxe ds dk;Zdykiksa ij bdÙkhloha ¼31oha½ okf"kZd izfrosnu rFkk mlds lkFk 2013&14 dkslekIr foÙkh; o"kZ dk laijhf{kr ys[kk izLrqr djrs gq;s vR;Ur izlérk gSA1- foÙkh; ifj.kke

¼#- yk[k esa½2013&14 2012&13

fcØh VuZ vksoj 184003-11 137546-57dj ds mijkUr ykHk 1203-28 697-39fofu;ksx %

• izLrkfor ykHkka'k 241-00 141-00• fodk; dk;ksZa gsrq vkjf{kr 15-80 15-05• lsok fuo`fÙk mijkUr fpfdRlk dkWjil esa vUrj.k 10-32 4-12 vkjf{kr 3066-68 2163-90

2- ,e-vks-;w- esa Js.kh %lkoZtfud m|e foHkkx ¼MhihbZ½ }kjk o"kZ 2012&13 ds fy;s vkids fuxe ds dk;Z fu"iknu dks mRd`"V* Js.kh nh x;h

gS rFkkfi o"kZ 2013&14 esa le>kSrk Kkiu ds ekin.M ekudksa ds vuqlkj vkids fuxe ds fu"iknu dks ^mRd`"V* ekuk x;kgSA

3- ykHkka'k %vkids fuxe us #- 241 yk[k ykHkka'k dh laLrqfr dh gS ;g dj mijkUr ykHk dk 20-03% rFkk iznÙk bfDoVh iwath

dk 12-68% gSA

4- gFkdj?kk ifjn`'; %d`f"k ds i'pkr~ gFkdj?kk {ks= ,d lcls cM+k vlaxfBr vkfFkZd dk;Zdyki gS vkSj ;g xzkeh.k ,oa v/kZxzkeh.k vkthfodk

dk vfHké vax gSA bl {ks= ls 43 yk[k ls vf/kd cqudjksa vkSj lgk;d Jfedksa dks izR;{k ,oa vizR;{k jkstxkj gkfly gksrk gSAgFkdj?kk {ks= ds rst] vf/kd lekos'kh vkSj fVdkÅ fodkl dks izkIr djus ds mís'; ls] Hkkjr ljdkj dsfUær] yphyk

vkSj iw.kZrkijd n`f"Vdks.k ckjgoha iapo"khZ; ;kstuk ds nkSjku viuk jgk gS] ftldk mís'; ?kjsyw ,oa oSf'od cktkj dh pqukSfr;ksadks iwjk djuk] izfrLi/khZ ewY; i)fr ds ek/;e ls lexz foLrklj djrs gq, ?kjsyw ,oa vUrjkZ"Vªh; cktkj esa o`f) djuk] oSf'od,oa ?kjsyw cktkj esa czk.M fuekZ.k djuk] gFkdj?kk mRiknksa dk foi.ku lqfuf'pr djuk] Lolgk;rk lewgksa ds v/khu cqudjksa dkslaxfBr dj mudk l'kfDrdj.k djuk] izf'k{k.k iznku djuk] {kerk fuekZ.k vkSj c<+h gqbZ ek=k esa m|ferk lg;ksx nsuk] fMtkbugLr{ksi djrs gq;s ubZ ,oa lelkef;d fMtkbuksa dh 'kq:vkr djuk vkSj blds lkFk&lkFk mRikn fofo/khdj.k] vuqla/kku ,aofodkl lg;skx] fj;k;rh njksa ij dPpk eky miyC/k djuk] {kerkvksa esa o`f) djuk] ftuesa lkekftd lqj{kk csgrj LokLF;]thou chek] odZ 'ksM~l vkSj lcls egRoiw.kZ lqyHk _.k miyC/krk fuEu C;kt nj ij lqfuf'pr djuk vkfn 'kkfey gSA

13

DIRECTORS' REPORT

To,The Shareholders,

Your Directors have pleasure in presenting the Thirty first Annual Report on the working ofthe Corporation together with the audited accounts for the financial year 2013-14.

1. FINANCIAL RESULTS:(Rs. in lac)

2013-14 2012-13

Sales Turnover 184003.11 137546.57

Profit after tax 1203.28 697.39

Appropriations:

• Proposed dividend 241.00 141.00

• Reserve for Developmental Activities 15.80 15.05

• Transfer to Post Retirement Medical Corpus 10.32 4.12

Reserve 3066.68 2163.90

2. PERFORMANCE RATING UNDER MOU :

The performance of your Corporation has been rated as 'Excellent' by the Department of Public Enterprise

(DPE) for the year 2012-13. However, for the year 2013-14 also the performance of your corporation

qualifies 'Excellent' rating based on the Memorandum of Understanding (MOU) measurement criteria.

3. DIVIDEND :

Your Corporation has recommended a dividend of Rs.241 lac, which is 20.03% of post tax profits and

12.68% of paid up equity capital.

4. HANDLOOM SCENARIO:

The handloom sector is one of the largest unorganized economic activities after agriculture and

constitutes an integral part of the rural and semi-rural livelihood which provides direct and indirect

employment to more than 43 lakh weavers and allied workers.

With the vision to achieve the objective of faster, more inclusive and sustainable growth of handloom

sector, the Government of India is adopting focused, flexible and holistic approach during 12th Plan to

meet the challenges of domestic and global market, expansion of overall market through competitive

pricing to increase domestic and international market share, brand building in global and domestic market,

facilitation of marketing of handloom products, empowerment of weaver's by organizing them under self

help groups, training, capacity building and enhanced entrepreneurial support, infusion of new and

contemporary designs through design intervention as well as product diversification, R&D support, easy

access to raw material at subsidized prices, enhancing capabilities including social security, better

healthcare, life insurance, worksheds and most significantly by ensuring easy credit flow at low interest

rate.

14

bls ns[krs gq,] ckjgoha iapo"khZ; ;kstuk ds nkSjku dk;kZfUor djus gsrq fuEufyf[kr ;kstuk;sa vuqeksfnr dh x;h gS %¼1½ jk"Vªh; gFkdj?kk fodkl dk;ZØe %

,u,pMhih dk;ZØe dsUæh; izk;ksftr dk;ZØe ds :i esa gFkdj?kk ds fodkl gsrq dk;kZfUor fd;k tk jgk gS vkSj bldsfuEufyf[kr ?kVd gS%

¼i½ lexz gFkdj?kk fodkl ;kstuk ¼X;kjgoha iapo"khZ; ;kstuk dh rhu ;kstuk;sa dk bl ;kstuk esa foy; dj fn;k x;kgSA ;g ;kstuk;sa ,dhd`r gFkdj?kk fodkl ;kstuk] foi.ku ,oa fu;kZr lao/kZu ;kstuk vkSj fofo/khd`r gFkdj?kk fodkl ;kstuk Fkh½A

¼ii½ gFkdj?kk {ks= ds fy, iqu%izorZu] lq/kkj ,oa iquxZBu ¼vkj-vkj-vkj-½ iSdst ykxw fd;k x;k gSA blds vUrxZrgFkdj?kk lfefr;ksa ,oa O;fDrxr cqudjksa ds _.kksa esa NwV iznku djuk rFkk fj;k;rh _.k iznku djuk gSA¼2½ gFkdj?kk cqudj lexz dY;k.k ;kstuk %

gFkdj?kk fodkl vk;qDr ds dk;kZy; }kjk gFkdj?kk cqudj] O;kid dY;k.k ;kstuk ykxw dh tk jgh gS] ftldsfuEufyf[kr nks ?kVd gS%

¼i½ gFkdj?kk cqudjksa vkSj muds ifjokjksa dks LokLF; lsok;sa iznku djus gsrq LokLF; chek ;kstuk ¼,pvkbZ,l½¼ii½ gFkdj?kk cqudjksa dks LokHkkfod@nq?kZVuk tU; ekSr gksus] nq?kZVuk ds dkj.k iw.kZ@vkaf'kd fodykaxrk dh fLFkfr esa

chek lqj{kk iznku djus gsrq egkRek xka/kh cqudj chek ;kstuk ¼,ethchchokbZ½A¼3½ lwr vkiwfrZ ;kstuk %

bl ;kstuk dk mís'; jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ek/;e ls fey xsV ewY; ij ik= gFkdj?kk cqudjksadks lHkh izdkj ds lwr miyC/k djkuk gSA bl ;kstuk ds vUrxZr Hkkjr ljdkj lwr vkiwfrZ ds ifjogu ls lacaf/kr O;; dhizfriwfrZ djrh gS] fMiks ifjpkyu izHkkj iznku djrh gS vkSj lwrh gSad lwr] ?kjsyw js'ke rFkk ifjek.k lhekvksa ds vUrxZr Åuds ewY; ij 10% lfClMh iznku djrh gSA

ckjgoha iapo"khZ; ;kstuk ds nkSjku ;g funsZ'k fn;k x;k gS fd ,u,pMhlh 10 lwr fMiks&lg&Hk.Mkj x`gksa dh LFkkiukdjs] rkfd udnh vk/kkj ij mi;ksxdrkZvksa dks Bhd le; ij vkiwfrZ lqfuf'pr dh tk lds vkSj blds lkFk gh mu O;fDrxrcqudjksa dk Hkh /;ku j[kk tk lds ftUgsa vYi ek=k esa lwr dh vko';drk gSA bl rjg ds ik¡p fMiks vc rd [kksys tk pqds gSaA5- fu"iknu leh{kk %

Hkkjr ljdkj }kjk vkids fuxe ds ek/;e ls lwr vkiwfrZ ;kstuk* ¼okbZ,l,l½ dk fØ;kUo;u fd;k tk jgk gS ftllscqudjksa dks lwr mfpr ewY; ij fujUrj lqyHk gks lds rFkk cqudj leqnk; dh vkfFkZd fLFkfr lqn`<+ gks ldsA gFkdj?kk {ks=esa yPNh lwr dk lokZf/kd iz;ksx fd;k tkrk gSA lkFk gh cktkj dh ekax o izkFkfedrk dks ns[krs gq, cqudjksa }kjk lwr dh vU;fdLeksa dk Hkh iz;ksx fd;k tk ldsA

lwr dh fujUrj o lgt miyC/krk lqfuf'pr djkus gsrq gFkdj?kk laLFkkvksa ds ek/;e ls lwr fMiks Hkh LFkkfir fd;sx;s gSaA e.My }kjk vuqeksfnr ekin.Mksa ds vuqlkj 31 ekpZ 2014 rd 762 fMiks ¼31 ekpZ 2013 rd 676½ dks fLFkjvf/klwfpr fd;k x;k gSA foxr o"kksZa esa LFkkfir fd;s x;s mUgha fMiks dks fLFkj ekuk tkrk gS] tgk¡ ij foxr 12 eghuksa ds nkSjkuU;wure nks lkSns fd;s x;s gksa rFkk orZeku o"kZ esa LFkkfir fd;s x;s os fMiks ftuls U;wure ,d lkSnk fd;k x;k gSA

gFkdj?kk {ks= esa ewY;ksa dh izfrdwyrkvksa dks de djus ds fy;s Hkkjr ljdkj 6 tuojh] 2012 ls okbZ,l,l ds vUrxZrgFkdj?kk {ks= esa yPNh lwr ds forj.k ij 10% dh NwV vuqeU; dh gSA ykHkkfFkZ;ksa ds chtdksa ij NwV ds fooj.k dks n'kkZ;ktk;sxkA bl ;kstuk ds vUrxZr gFkdj?kk cqudjksa dks lwr vkiwfrZ gsrq ik= laLFkkvksa esa ls fuxe Hkh ,d laLFkk gSA

15

In view of this following schemes have been approved for implementation during 12th Plan:

(1) National Handloom Development Programme : NHDP is being implemented as a centrally

sponsored programme for development of handlooms, having following components:

(i) Comprehensive Handlooms Development Scheme (3 schemes of 11th Plan merged into this

scheme. These schemes were Integrated Handlooms Development Scheme, Marketing and Export

Promotion Scheme and Diversified Handloom Development Scheme).

(ii) Revival, Reform and Restructuring (RRR) Package for handloom sector. The scheme provides

waiver of loan of handloom societies, individual weavers and concessional credit.

(2) Handloom Weavers Comprehensive Welfare Scheme:

The Office of the Development Commissioner for Handlooms has been implementing Handloom

Weavers Comprehensive Welfare Scheme having two components:

(i) Health Insurance Scheme (HIS) for providing health care facilities to the handlooms weavers

and their families.

(ii) Mahatma Gandhi Bunkar Bima Yojana (MGBBY) for providing life insurance cover to the

handloom weavers in case of natural/ accidental death, total/ partial disability due to accident.

(3) Yarn Supply Scheme :

The objective of the scheme is providing all types of yarn to the eligible handloom weavers at mill

gate price through National Handloom Development Corporation Ltd. Under this scheme, the Government

of India reimburses the transportation expenses involved in the supply of yarn, gives depot operating

charges and provides 10% price subsidy on cotton hank yarn, domestic silk and wool with quantity

limitations.

NHDC has been directed to open 10 yarn depots-cum-warehouses in 12th Plan so as to ensure

timely supplies to the users on cash basis, besides taking care of individual weavers who need yarn in

small quantity. 5 depots have already been opened.

5. PERFORMANCE REVIEW :

The Government of India has been implementing the 'Yarn Supply Scheme' (YSS) through your

corporation, facilitating the uninterrupted and easy availability of yarn at reasonable prices so as to maintain

the economic viability of the weaving community. Cotton hank yarn is the major consumed variety in the

handloom sector. Other varieties of yarn have also been used based on the demand and preferences

received through market feed back by the handloom weavers.

Depots are also set up through handloom agencies for ensuring easy and uninterrupted supplies.

Uptill 31st March, 2014, the number of depots notified as stabilized as per Board approved criteria are 762

nos. (676 nos. as on 31st March, 2013). Depots are considered as stabilized, where there are atleast two

transactions during the last 12 months in case the depot was allotted in earlier years and atleast one

transaction where the depot was allotted during the current year.

To mitigate the cost disadvantage of Handloom sector, the Government of India has allowed 10%

price subsidy on hank yarn to be distributed in the handloom sector under YSS w.e.f. 06th Jan., 2012. The

subsidy is being provided upfront in the invoice to the beneficiaries. Corporation is one of the eligible

agencies for supplying the yarn to the handloom weavers under the scheme.

16

o"kZ 2013&14 esa #- 180350-15 yk[k ewY; ds 1270-03 yk[k fdyks lwr dh vkiwfrZ dh x;h ftlesa ls #- 178845-79yk[k ewY; ds 1262-09 yk[k fdyks lwr dh vkiwfrZ lwr vkiwfrZ ;kstuk ds vUrxZr dh x;h tcfd bldh rqyuk esa foxr foÙkh; o"kZ2012&13 esa #- 135328-69 yk[k ewY; ds 1088-69 yk[k fdyks lwr dh vkiwfrZ dh x;h Fkh ftlesa #- 131856-32 yk[k ewY;ds 1070-78 yk[k fdyks lwr vkiwfrZ ;kstuk ds vUrxZr FkhA foÙkh; o"kZ 2013&14 esa lwr vkiwfrZ ;kstuk ds 10% ewY; vuqnku la?kVdds vUrxZr #- 70939-79 yk[k ewY; ds 227-02 yk[k fdyks lwr dh vkiwfrZ dh x;hA ¼bls mi;qZDr lwr vkiwfrZ;ksa esa 'kkfey fd;kx;k gS½ tcfd o"kZ 2012&13 esa #- 28668-02 yk[k ewY; ds 130-95 yk[k fdyks lwr dh vkiwfrZ dh x;h FkhA

fuxe }kjk gFkdj?kk cqudjksa ds ykHkkFkZ vPNh xq.koÙkk ds jaxksa dh vkiwfrZ Hkh dh tk jgh gS foÙkh; o"kZ 2013&14 ds nkSjku#- 3569-00 yk[k ewY; ds 36-31 yk[k fdxzk- jaxksa dh vkiwfrZ dh x;h tcfd foxr foÙkh; o"kZ 2012&13 esa #- 2090-33 yk[kewY; ds 27-62 yk[k fdyks jax dh vkiwfrZ dh x;h FkhA

gFkdj?kk cqudjksa dks izfr;ksxh@lLrh njksa ij lwr miyC/k djkus gsrq fuxe }kjk cM+h ek=k esa lwr Ø; djkus gsrqvkiwfrZdrkZvksa ls lwr dh lLrh njksa gsrq dsUæh; Lrj ij ckrphr dh tkrh gSA rn~uqlkj lwr dh njsa fuxe dh osclkbV ijizR;sd ekg viyksM dh tkrh gS rkfd cqudjksa dks ;g njsa Kkr gks ldsA blls csgrj ikjnf'kZrk Hkh cuh jgrh gSA

fuxe us 5 Hk.Mkj x`g xqokgkVh ¼vle½] leqæx<+ ¼if'pe caxky½] lhrkiqj ¼m-iz-½] fpjkyk ¼vkU/kz izns'k½ vkSj dUuwj¼dsjy½ esa LFkkfir fd;s gSa] ftudk mís'; gFkdj?kk cqudjksa@,tsafl;ksa dks vkiwfrZ lqfuf'pr djuk gSA bu Hk.Mkjx`gksa ds ek/;e lslwr vkiwfrZ 2013&14 ds nkSjku 0-41 yk[k fd-xzk- Fkh ftldk ewY; #- 126-13 yk[k FkkA

o"kZ 2013&14 ds nkSjku] fuxe us 13 vkiwfrZdrkZ feyksa ds lkFk le>kSrk Kkiu fd;k] ftldk mís'; muls le;c)rjhds ls lwr dks fu;fer vkiwfrZ lqfuf'pr djuk FkkA

cqudjksa ds gFkdj?kk mRiknksa ds foi.ku gsrq] fuxe us ,uVhlh ds lkFk le>kSrk Kkiu fu"ikfnr fd;k gS vkSj o"kZ2013&14 ds nkSjku la;qDr m|e dEiuh ¼tsohlh½ LFkkfir fd;k gS ftlesa ,u,pMhlh ¼35%½] vkdk'k ¼55%½ vkSj Hkkjrh;fu;kZr&vk;kr cSad ¼10%½ dh lgHkkfxrk gSA tsohlh dk fuxeu izek.k&i= dEiuh dk;Z ea=ky; us 12 Qjojh] 2014 dkstkjh fd;k FkkA

6- fodklkRed xfrfof/k;ka rFkk foi.ku lg;ksx %¼i½ fuxe }kjk gFkdj?kk cqudjksa ds ykHkkFkZ] vuqla/kku rFkk fodklkRed dk;ksZa ds vUrxZr fofHké izdkj ds lwr dk iz;ksx

djds u;s mRiknksa dks rS;kj djuk izkjEHk fd;k x;k gSA o"kZ ds nkSjku bl izdkj ds 08 mRikn ¼foxr o"kZ 08 mRikn½fuxe }kjk fodflr fd;s x;s ftl ij #- 3-85 yk[k ¼foxr o"kZ 3-56 yk[k½ [kpZ fd;s x;s tks iwoZorhZ o"kksZa ds djmijkUr ykHk ¼ih,Vh½ dk 0-55% ¼foxr o"kZ 1-26%½ gSA

¼ii½ /kkj.kh; fodkl dk;Zdyki ds vUrxZr fuxe es o"kZ 2013&14 ds nkSjku ckjkcadh gFkdj?kk lewg ¼m-iz-½ esa LoPNrkis;ty vkiwfrZ dk;ZØe lapkfyr fd;kA o"kZ ds nkSjku 4 izkFkfed ,oa mPp ek/;fed fo|ky;ksa esa 'kkSpky;ksa ds fuekZ.kvkSj ty vkiwfrZ dk dk;Z fuxe esa lapkfyr fd;k] ftl ij #- 4-12 yk[k ¼foxr o"kZ&'kqU;½ O;; gqvkA mDr jkf'kfoxr o"kZ ds dj i'pkr ykHk ¼iSV½ dk 0-59% ¼foxr o"kZ&'kqU;½ FkkA

¼iii½ csgrj xq.koÙkk ds lwr dh miyC/krk c<+kus rFkk oSdfYid vkiwjd feyksa dh p;u lqfo/kk iznku djus ds mís'; ls fuxe}kjk o"kZ ds nkSjku mÙkj iwohZ {ks=ksa 02 ¼foxr o"kZ&02½ Øsrk&foØsrk feyu dk vk;kstu fd;k x;k rFkk o"kZ ds nkSjkumÙkj iwoZ {ks=ksa ds vykok vU; LFkkuksa ij 11 ¼foxr o"kZ&8½ Øsrk&foØsrk feyu dk vk;kstu fd;k x;kA

¼iv½ gFkdj?kk cqudjksa ds ykHkkFkZ] dk;kZy; fodkl vk;qDr ¼gFkdj?kk½ oL= ea=ky; }kjk pyk;h tk jgh ;kstukvksa ds izpkj

17

The yarn supplies during the year 2013-14 were 1270.03 lac kg. valuing Rs.180350.15 lac which

include 1262.09 lac kg. valuing Rs.178845.79 lac under Yarn Supply Scheme as compared to supplies of

1088.69 lac kg. valuing Rs.135328.69 lac which include 1070.78 lac kg. valuing Rs.131856.32 lac under

the Yarn Supply Scheme during the last financial year 2012-13. The yarn supplies under the 10% Price

Subsidy Component of Yarn Supply Scheme (included in the yarn supplies mentioned above) during the

year 2013-14 were 227.02 lac kg. valuing Rs.70939.97 lac as compared to 130.95 lac kg. valuing Rs.

28668.02 lac during the last financial year 2012-13.

Corporation is arranging quality dyes for the benefit of handloom weavers and the supplies during

the financial year 2013-14 were 36.31 lac kg. valuing Rs.3569.00 lac as compared to supplies of 27.62 lac

kg. valuing Rs. 2090.33 lac during the last financial year 2012-13.

Corporation is negotiating the yarn rates with the suppliers centrally for purchase of bulk quantities

to obtain bulk quantity discounts with a view to provide the yarn to Handloom weavers at competitive/

lowest rates. Rates are placed on corporation's website as well on monthly basis for access by the

weaver agencies, resulting in better transparency.

Corporation has opened 5 nos. warehouses at Guwahati (Assam), Samudragarh (West Bengal),

Sitapur (Uttar Pradesh), Chirala (Andhra Pradesh) and Kannur (Kerala) for ensuring timely supply to the

handloom weavers/ agencies. The yarn supply made through these warehouses during the year 2013-

14 was 0.41 lac kg. Valuing Rs.126.13 lac.

During the year 2013-14, corporation has entered into the MoU with 13 nos. supplier mills, so as to

ensure regular supply of yarn from them in a time bound manner.

For the marketing of handloom products of the weavers, corporation has entered into MoU with

NTC and formed a Joint Venture Company (JVC) among NHDC (35%), ACASH (55%) and Export - Import

Bank of India (10%) during the year 2013-14. Certificate of Incorporation of JVC was issued by the

Ministry of Corporate Affairs on 12th Feb., 2014.

6. DEVELOPMENTAL ACTIVITIES AND MARKETING SUPPORT:

(i) Under the research and developmental activities, the corporation has undertaken Development of

new products by using different kinds of yarn for the benefit of handloom weavers. During the year

08 nos. (Previous year - 08 nos.) of such products have been developed by the corporation, incurring

an expenditure of Rs.3.85 lac (Previous year - Rs. 3.56 lac), which comes to 0.55% (Previous year

- 1.26%) of Profit After Tax (PAT) of the preceding year.

(ii) Under the Sustainable Development Activities, the corporation has undertaken the Sanitation/ Drinking

Water supply in Barabanki handloom cluster (UP) during the year 2013-14. During the year,

construction of toilets and water supply in 04 nos. Primary and higher secondary schools was

undertaken by the corporation, incurring an expenditure of Rs. 4.12 lac (Previous year - Nil) which

comes to 0.59% (Previous year - Nil) of Profit After Tax (PAT) of the preceding year.

(iii) In order to increase the availability of better quality yarn and also the options in the form of

alternative supplier mills, the corporation has organized 02 nos. (Previous year - 02 nos.) Buyers'

Seller Meets in North Eastern Region and 11 nos. (Previous year - 08 nos.) Buyers' Seller Meets in

other than North Eastern Region during the year.

(iv) In order to disseminate/ propagate the various schemes run by the office of DC (Handlooms),

18

o izlkj gsrq fuxe }kjk 12 ¼foxr o"kZ&09½ ,d fnolh; lqxzkfgrk dk;ZØeksa dk vk;kstu fgekapy izns'k] tEew rFkkd'ehj] mÙkjkapy rFkk mÙkj&iwohZ jkT;ksa esa fd;k x;kA

¼v½ O;fDrxr cqudj dk;Z{ks= ds vUrxZr gFkdj?kk dojst esa 31 ekpZ 2014 rd 34% dh o`f) gq;h vkSj blls dj?kksadh la[;k 1-70 yk[k gks x;h] tcfd 31 ekpZ 2013 dks dj?kksa dh la[;k 1-27 yk[k FkhA ;g o`f) lwr iklcqd tkjhdjus ls lEHko gks ldh gSA

¼vi½ fuxe }kjk fof'k'V gFkdj?kk izn'kZfu;ksa ds ek/;e ls gFkdj?kk cqudjksa dks foi.ku esa lg;ksx fd;k x;k tgka os lhèksmiHkksDrkvksa dks csgrj ewY;ksa ij vius mRIkknksa dh fcØh dj ldrs gSaA o"kZ ds nkSjku 20 flYd QSc ¼foxr o"kZ 17½izn'kZfu;k¡] eqEcbZ] vgenkckn] tcyiqj] lwjr] dksydkrk] te'ksniqj] fnYyh] Hkksiky] p.Mhx<+] psUubZ] ukxiqj] y[kuÅ]fo'kk[kkiêue] bUnkSj] iq.ks] bjukdqye] f=osUæe] iVuk] gSjkckn ,oa jkaph yxkbZ x;h rFkk o"kZ ds nkSjku 3 owy QSc¼foxr o"kZ&2½ izn'kZfu;ka y[kuÅ] Hkksiky o dkuiqj yxk;h x;hA

izn'kZfu;ksa esa gq;h fcØh Hkh mRlkgtud jgh rFkk izfro"kZ buesa Hkkxhnkjksa dh la[;k esa o`f) gks jgh gSaA o"kZ dsnkSjku dqy #- 101-00 djksM+ ¼foxr o"kZ&#- 84-25 djksM+½ dh fcØh gq;hA

¼vii½ o"kZ 2013&14 ds nkSjku lwr vkiwfrZ dh ek=k c<+h gS foxr o"kZ ls iwoZ tEew o d'ehj 57-87% ¼foxr o"kZ&17-29%½mÙkjkapy rFkk fgekapy izns'k esa 21-70% ¼foxr o"kZ&42-75%½ rFkk mÙkj iwohZ jkT;ksa esa 7-63% ¼foxr o"kZ&20-18%½ FkhA

7- dEi;wVjhdj.k %fuxe }kjk 1 vizSy] 2009 ls vius lHkh {ks=h; dk;kZy;ksa esa lwr vkiwfrZ ls lacaf/kr dk;ksZa dks VSyh bZvkjih&09 ij

fd;s tk jgs gSa rFkk tgk¡ dgha Hkh vHkh rd gLrfyf[kr dk;Z gks jgk Fkk mls vc cUn dj fn;k x;k gSA Hkkjr ljdkj }kjk6 tuojh] 2012 dks ?kksf"kr okbZ-,l-,l- ds varxZr yPNh lwr ij 10% ewY; vuqnku ;kstuk dks Hkh o"kZ 2012&13 esa VSyhbZvkjih&09 ij fd;k tk jgk gSA vc o"kZ 2013&14 ds nkSjku LVkd j[kj[kko dks Hkh VSyh bZvkjih&09 ij fd;k tk jgkgS] tks fd iwoZ esa VSyh esa 'kkfey ugha FkkA lHkh fjiksVksZa dks vfUre :i nsdj fLFkj dj fn;k x;k gSA

VSyh bZvkjih&09 dks dk;kZfUor djus ls lwr dk;Zdykiksa ls lacaf/kr vk¡dM+s igyh ckj ,d IysVQkeZ ij vk x;s gSa rFkkeq[;ky; esa Hkh bUgsa fdlh Hkh le; ns[kk tk ldrk gS blls le;kuqlkj lgh&lgh fooj.k miyC/k gq, gSa rFkk gLrfyf[kr dk;ksZao vfHkys[kksa dk nksgjko cUn gqvk gSA

ifjorZu'khy vko';drkvksa dh iwfrZ gsrq fuxe ,d u;s lk¶Vos;j dh [kjhn@fodflr djus dh ;kstuk cuk jgk gS]ftlls fuxe dh lHkh xfrfof/k;ksa dh ns[kHkky laHko gks ldsxhA lkFk gh] bl lk¶Vos;j dks xzkgd ,oa vkiwfrZdrkZ ds LFkku ijHkh miyCèk djkus dh ;kstuk gSA

8- uSxfed vfHk'kklu %vkidk fuxe vkids izR;sd dk;Zdyki] ftlesa mlds va'k/kkjdksa dh lEifRRk dk l`tu gksrk gS] ikjnf'kZrk] tokcnsgh]

rFkk lekurk dk iwjk fo'okl j[krk gS rFkk mls lokZf/kd egRo nsrk gSA fuxe }kjk vuqikyu dh tk jgh uSxfed vfHk'kkluiz.kkyh rFkk izca/ku fopkj foe'kZ o fo'ys"k.k dh fjiksVZ funs'kdksa ds izfrosnu ds lkFk layXu dh xbZ gSA

o"kZ 2012&13 ds lkoZtfud m|e losZ{k.k ds vk¡dM+s lkoZtfud m|e foHkkx dks 12 flrEcj 2013 dks izLrqr fd,x, rFkk o"kZ 2012&13 dk fuxe dk laijhf{kr ys[kk fuxe dh osclkbV ij 13 vxLr 2013 dks yxk fn;k x;k Fkk] rFkko"kZ 2013&14 ds nkSjku uSxfed vfHk'kklu ij lHkh frekfg;ksa dh fjiksVZ] ftls frekgh lekfIr ds 15osa fnu izLrqr djuk gksrkgS dks frekgh lekfIr ds 05osa fnu ;k blls igys lkoZtfud m|e foHkkx dks izLrqr dj nh xbZ gSA

19

Ministry of Textiles for the benefit of handloom weavers, corporation has organized 12 nos. (Previous

year - 09 nos.) One Day Sensitization Programmes on dissemination of Government Scheme in

the states of Himachal Pradesh, Jammu & Kashmir, Uttaranchal and North Eastern region.

(v) The loom coverage in individual weavers fold by issuing the yarn passbooks has increased by 34%

to 1.70 lac looms as on 31st March, 2014 against 1.27 lac looms as on 31st March, 2013.

(vi) Corporation has provided marketing support to the handloom weavers through organization of

exclusive exhibitions, wherein, they can sell their products directly to the consumers at better

price. In this regard, 20 nos. 'SILKFAB' exhibitions (Previous year - 17 nos.) were organized at

Mumbai, Ahmedabad, Jabalpur, Surat, Kolkata, Jamshedpur, Delhi, Bhopal, Chandigarh, Chennai,

Nagpur, Lucknow, Vishakhapattnam, Indore, Pune, Ernakulam, Trivandrum, Patna, Hyderabad,

and Ranchi, while 03 nos. 'WOOLFAB' exhibitions (Previous year - 2 nos.) were organized at

Lucknow, Bhopal and Kanpur during the year.

Sale during the exhibitions was quite encouraging and number of participants has been

increasing on year to year basis. The total sale in the Exhibitions during the year was Rs. 101.00

crore (Previous year - Rs. 84.25 crore).

(vii) The increase in yarn supplies in quantitative terms during 2013-14 over the previous year in the

state of Jammu & Kashmir was 57.87% (Previous year - 17.29%), in the states of Uttaranchal and

Himachal Pradesh was 21.70% (Previous year - 42.75%) and in north Eastern region was 7.63%

(Previous year - 20.18%).

7. COMPUTERISATION :

Corporation has implemented the Tally ERP9 with effect from 01st April, 2009 for yarn activity at all

its Regional Offices. Accordingly, all the data punching is being done in Tally ERP9 now and the manual

system, wherever, used earlier has been discontinued. The 10% price subsidy on hank yarn under YSS

announced by the Govt. of India on 6th Jan., 2012, has also been incorporated in Tally ERP9 during the

year 2012-13. Further, the stock handling has also been incorporated in Tally ERP9 during the year 2013-

14, which was kept out of Tally earlier. All the reports except those pertaining to stock have been finalized

and stabilized.

By implementation of Tally ERP9, for the first time the data of the entire corporation for the yarn

activity has been placed on the same platform and it can be accessed any time at the Head Office as well.

It has resulted in timely and accurate information, elimination of manual records and avoiding duplicity of

work.

In order to meet the changing needs, corporation is planning to procure/ develop a new software

which will take care of all the activities of the corporation together, as also it will be extended to the

customer's as well as supplier's place.

8. CORPORATE GOVERNANCE :

Your corporation firmly believes and accords highest importance to transparency, accountability and

equity in all facets of its operations, which leads to creation of wealth for its stakeholders. A report on 'Corporate

Governance Practices' being followed by the corporation and 'Management Discussion and Analysis Report'

are annexed to the Directors' Report.

The Public Enterprises Survey data for the year 2012-13 was submitted to the department of Public

Enterprises on 12th Sept., 2013 and the audited accounts of the corporation for the year 2012-13 were placed

on the website of the corporation on 13th Aug., 2013. Further, the quarterly progress reports on Corporate

Governance for all the quarters during the year 2013-14 have been submitted to Department of Public Enterprises

on or before 05th day after the close of the quarter against the due date of 15th day after the close of the quarter.

20

o"kZ 2013&14 gsrq lkoZtfud m|e foHkkx dks uSxfed vfHk'kklu ij izsf"kr dh x;h okf"kZd ewY;kadu fjiksVZ esa okf"kZdizkIrkad ¼frekgh fjiksVZ ds vkSlr ij vk/kfjr½ 90% vFkkZr~ ^mRd`"V* gSA

9- uSxfed lkekftd mÙkj nkf;Ro ¼lh,lvkj½ %lh,lvkj ls lEcfU/kr Mh-ih-bZ- fn'kkfunsZ'kksa ds vuqlkj fuxe us o"kZ 2013&14 ds nkSjku lh,lvkj dk;Zdyki tkjh j[kk

vkSj chih,y gFkdj?kk cqudjksa ds ,sls cPpks dks Nk=o`fÙk iznku dh ftUgksaus 10 oha ,oa 12 ckjgoha d{kk mÙkh.kZ dj yh FkhA lkFkgh] ,sls es/kkoh Nk=ksa dks Hkh ;g lqfo/kk miyC/k Fkh tks vkbZvkbZvkbZ,pVh ls gFkdj?kk izks|kSfxdh esa fMIyksek dj jgs Fks@,slk djusds bPNqd Fks vFkok vle] vksfM'kk] if'pe caxky] jktLFkku] dsjy] dukZVd] rfeyukMq] vkU/kz izns'k vkSj mRrj izns'k ,oa QS'kuizkS|ksfxdh laLFkkuksa ls fMtkbu@QS'ku lEcaf/kr dk;Z esa fMIyksek dj jgs Fks vFkok bPNqd FksA fuxe us o"kZ ds nkSjku bl mís'; gsrq#- 36-20 yk[k dh jkf'k ¼foxr o"kZ&#- 9-95 yk[k½ bl mís'; gsrq O;; fd;k gSA mDr jkf'k xr o"kZ dh djksÙkj ykHk ¼iSV½ dk5-19% ¼foxr o"kZ&3-53%½ curh gSA bl ;kstuk esa 'kkfey ykHk xzkfg;ksa dh la[;k 278 ¼foxr o"kZ&335½ gSA

10- dkfeZd fodkl vkSj vkS|ksfxd lEcU/k %fuxe }kjk ekuo lalk/ku fodkl dks vR;f/kd egRo iznku fd;k tkrk jgk gS ,oa blh Üka[kyk esa fuxe esa dk;Zjr dfeZ;ksa

dh dk;Zn{krk esa mé;u gsrq fuxe }kjk fujUrj lg;ksx iznku fd;k tk jgk gS] bl gsrq dkfeZdksa ds fy;s bu gkml* izf'k{k.kdk;ZØeksa dk vk;kstu fd;k tkrk gS rFkk mUgsa [;kfr izkIr laLFkkvksa }kjk vk;ksftr fd;s x;s fof'k"V dk;ZØeksa@xksf"B;ksa@dk;Z'kkykvksaesa ukfer fd;k tkrk gSA o"kZ 2013&14 ds nkSjku fofHké izdkj ds izf'k{k.kksa@xksf"B;ksa esa 46 dehZ okf.kT; foHkkx ls] 18 dehZfoÙk ,oa ys[kk foHkkx ls rFkk 13 dehZ dkfeZd ,oa iz'kklu foHkkx ls ukfer fd;s x;sA

fuxe }kjk LoSfPNd lsokfuo`Ùk ;kstuk ¼ohvkj,l½ dks ykxw fd;k x;k gSA o"kZ 2013&14 ds nkSjku 01 deZpkjh¼foxr o"kZ&'kqU;½ us ohvkj,l fy;kA fuxe esa 31 ekpZ] 2014 dks deZpkfj;ksa dh dqy la[;k 193 ¼foxr o"kZ&199½ Fkhftlesa 18 deZpkjh vuqlwfpr tkfr ¼,llh½ 04 deZpkjh vuqlwfpr tutkfr ¼,lVh½ 24 deZpkjh vU; fiNM+k oxZ¼vkschlh½ 04 deZpkjh fodykax Js.kh ls gSA

izfrdehZ VuZ vksoj #- 9-53 djksM+ ¼foxr o"kZ&6-91 djksM+½ rFkk ewY; gzkl] C;kt rFkk dj ds iwoZ ¼ih-ch-Mh-vkbZ-Vh-½ izfrdehZ ykHk 9-65 yk[k ¼foxr o"kZ&#- 5-27 yk[k½A

leh{kk o"kZ ds nkSjku vkS|ksfxd lEcU/k 'kkUr ,oa lkSgknZiw.kZ jgsA

11- fgUnh dk izxkeh iz;ksx %fuxe vius fnu izfrfnu ds dk;ksZa esa fgUnh ds izxkeh iz;ksx ds fy;s izfrc) gSA fuxe }kjk izfr o"kZ ^jktHkk"kk lqjfHk**

dk izdk'ku v/kZokf"kZd vk/kkj ij ekg flrEcj vkSj ekpZ esa fd;k tk jgk gSAo"kZ ds nkSjku ^uxj jktHkk"kk dk;kZUo;u lfefr** y[kuÅ }kjk fgUnh ds izxkeh iz;ksx gsrq fuxe dks uxj esa fLFkr 168

dk;kZy;ksa ds e/; yxkrkj 15oha ckj ^^fof'k"V dk;kZy;** dk iqjLdkj iznku fd;k x;k gSA

12- lkafof/kd lwpuk %dEiuh fu;ekoyh 1975 ds lkFk ifBr daiuh vf/kfu;e 1956 dh /kkjk 217 ¼2,½ ds lkFk la'kksf/kr fu;e ds varxZr

;Fkk okafNr deZpkfj;ksa dk fooj.k 'kwU; gSAdEiuh vf/kfu;e dh /kkjk 217 ¼i½ ¼bZ½ ds vUrxZr ÅtkZ laj{k.k ls lacaf/kr fooj.k dh ?kks"k.kk fu/kkZfjr izi= ,* esa

rFkk izkS|ksfxdh dk lekos'ku izi= ^ch* dk fooj.k leh{kk vof/k esa dEiuh ij ykxw ugha gSA

21

The annual score (Based on the average of quarterly reports) in the annual evaluation report on

Corporate Governance submitted to the Department of Public Enterprises for the year 2013-14 comes to

90% i.e. 'Excellent'.

9. CORPORATE SOCIAL RESPONSIBILITY (CSR) :

As per DPE guidelines on CSR, the corporation continued the CSR activity during the year 2013-14

and provided scholarship to the children of BPL handloom weavers who had passed 10th and 12th standard

and/ or to the meritorious students who were pursuing/ desiring to pursue the Diploma in Handloom

Technology from IIIHT or Diploma in Design/ Fashion related work from Institutes of Design/ Fashion

Technology in the states of Assam, Odisha, West Bengal, Rajasthan, Kerala, Karnataka, Tamilnadu,

Andhra Pradaesh and Uttar Pradesh through their respective institutes. Corporation has spent an amount

of Rs.36.20 lac (Previous year - Rs.9.95 lac) for this purpose during the year, which comes to 5.19%

(Previous year 3.53%) of Profit after Tax (PAT) of the preceding year. The number of beneficiaries covered

is 278 (Previous year 335).

10. PERSONNEL DEVELOPMENT & INDUSTRIAL RELATIONS:

Corporation has been laying a lot of emphasis on development of Human Resource and in this

context, it has been extending support for up-gradation of the skill through organization of In-house Training

Programmes as well as deputing its personnel to specific programmes/ seminars/ workshops organized

by the outside agencies of repute, wherein, 46 employees from Commercial Department, 18 employees

from Finance & Accounts Department and 13 employees from Personnel & Administration Department

have been nominated for different type of trainings/ seminars during the year 2013-14.

Corporation had introduced Voluntary Retirement Scheme (VRS), which was in operation during

the year 2013-14 for secretarial staff, 01 no. employee (Previous year - Nil) opted VRS during the year.

Total number of employee of the Corporation as on 31st March, 2014 now stands at 193 (Previous year -

199) which include 18 employees belonging to Scheduled Castes (SC) category, 04 employees belonging

to Scheduled Tribes (ST) category, 24 employees belonging to Other Backward Classes (OBC) category,

04 employees of Physically Handicapped (PH) category.

The turnover per employee is Rs.9.53 crore (Previous year - Rs. 6.91 crore) and the Profit before

depreciation interest and tax (PBDIT) per employee is Rs.9.65 lac (Previous year Rs.5.27 lac).

The industrial relations have been cordial and remained peaceful during the year under review.

11. PROGRESSIVE USE OF HINDI:

Corporation is committed to the progressive use of Hindi in its day to day working. Corporation has

been publishing "RAJBHASHA SURABHI" magazine on half yearly basis i.e. in the month of September

and March.

Further Corporation has been awarded trophy for outstanding performance for the year continuously

for the 15th time among 168 offices for progressive use of Hindi by the 'Nagar Rajbhasha Karyanvayan

Samiti', Lucknow.

12. STATUTORY INFORMATION:

The particulars of employees as required under section 217(2A) of the Companies Act, 1956 read

with the Companies (particulars of employees) Rules 1975 with amended rules is NIL.

Disclosures of particulars with respect to Conservation of Energy in Form - A and absorption of

Technology in Form - B prescribed under section 217(i)(e) are not applicable to the corporation for the

period under review.

22

13- vkUrfjd fu;a=.k iz.kkyh o mldh i;kZIrrk %fuxe }kjk vius vkdkj ds leuq:i vkUrfjd fu;a=.k iz.kkyh fodflr dh x;h gSA vkUrfjd fu;a=.k dks vf/kd izHkkoh

cukus ds fy;s O;kid vkUrfjd ys[kkijh{kk fu;ekoyh ds vfrfjDr vkUrfjd ys[kk ijh{kdksa dks le;≤ ij vko';drkuqlkju, tkap fcUnqvksa dk lq>ko Hkh fn;k tkrk gSA fuxe dh vkUrfjd ys[kk ijh{kk] fuxe ds vkUrfjd ijh{kk ny rFkk ckgjh Lora=pkVsZM ,dkmUVsUV }kjk dh tkrh gSA ys[kk ijh{kk lfefr ds fu.kZ;kuqlkj izR;sd o"kZ {ks=h; dk;kZy;ksa dh ys[kk ijh{kk vkUrfjdys[kk ijh{kk foax }kjk ckjh&ckjh ls dh tkrh gS ys[kk ijh{kk lfefr }kjk vkfof/kd :i ls vkUrfjd ys[kk ijh{kk rFkk ys[kk ijh{kkiz.kkyh dh leh{kk dh tkrh gS rFkk fujUrj lq/kkj ds fy;s tgka vko';d gS ogka lq/kkj ds mik; fy;s tkrs gSaA14- ys[kk ijh{kd rFkk mldk izfrosnu %

dEiuh vf/kfu;e 1956 dh /kkjk 619 ¼4½ ds vUrxZr fu;a=d egk ys[kk ijh{kd dh fVIi.kh ds lkFk lakfof/kd ys[kkijh{kdksa dh fVIi.kh ij funs'kd e.My dk mÙkj funs'kd e.My ds izfrosnu ds lkFk layXu gSA15- funs'kky; %

gFkdj?kk fodkl vk;qDr ds dk;kZy;] oL= ea=ky; Hkkjr ljdkj ls izkIr lwpuk ds vk/kkjij fuxe ds funs'kd e.Myesa] foxr okf"kZd egk lHkk ds i'pkr~ fuEufyf[kr ifjorZu fd;s x;s gSaaA

1- Jh cyfoUnj dqekj v/;{k 05-02-2014 rd2- Jh fnus'k dqekj v/;{k 05-02-2014 ls3- Jh ,-ds- 'kekZ funs'kd 31-10-2013 rd4- Jherh bUæk.kh dkS'ky funs'kd 05-06-2014 rd5- Jh ,-ds- 'kekZ funs'kd 05-06-2014 lsvkids funs'kdx.k] Jh cyfoUnj dqekj rFkk Jherh bUæk.kh dkS'ky }kjk jk-g-fo-fu- funs'kd e.My ds Øe'k% v/;{k]

funs'kd ds :i esa vius lsokdky ds nkSjku fn;s x;s ekxZn'kZu o cgqeqY; lsokvksa ds izfr vkHkkj O;Dr djrs gSaA16- ys[kk ijh{kk lfefr %

dEiuh vf/kfu;e 1956 dh /kkjk 292 ¼,½ esa ;FkkokafNr leh{kk/khu o"kZ ds nkSjku ys[kkijh{kk lfefr dh cSBd dkvk;kstu fd;k x;k gSA ys[kk ijh{kd lfefr esa fuEufyf[kr funs'kd gS %&

1- Jh cyfoUnj dqekj v/;{kfodkl vk;qDr¼gFkdj?kk½ oL= ea=ky;] Hkkjr ljdkj ¼3-1-2013 ls 5-2-2014 rd½

2- Jh fnus'k dqekj] v/;{kfodkl vk;qDr¼gFkdj?kk½] oL= ea=ky;] Hkkjr ljdkj ¼5-2-2014 ls½

3- Jh ,-ds- 'kekZ] lnL;mi lfpo] vkbZ,QMCY;w] oL= ea=ky;] Hkkjr ljdkj ¼12-12-2012 ls 31-10-2013 rd½

4- Jherh bUæk.kh dkS'ky lnL;vij vkfFkZd lykgdkj] oL= ea=ky;] Hkkjr ljdkj ¼31-10-2013 ls 5-6-2014 rd½

5- Jh ,-ds- 'kekZ] lnL;mi lfpo] vkbZ,QMCY;w] oL= ea=ky;] Hkkjr ljdkj ¼5-6-2014 ls½

6- Jh losZiYyh Jhfuokl lnL;izcU/k funs'kd jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ¼01-5-2013 ls½

23

13. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The corporation has evolved a system of internal control commensurate with the size of the

corporation. In order to make the internal control more effective, besides comprehensive internal audit



outside independent Chartered Accountants. As per the decision of the Audit Committee, the head office

and regional offices of the corporation are audited by the internal audit wing and outside Chartered

Accountants alternatively every year. The internal control and audit systems are being reviewed periodically

by the Audit Committee and corrective measures are taken, wherever necessary, for continuous

improvement.

14. AUDITORS' & THEIR REPORT:

The report of Statutory Auditors' alongwith comments of C&AG U/s 619(4) of Companies Act, 1956

is placed in the Annual report.

15. DIRECTORATE:

As per communication received from the Office of Development Commissioner for Handlooms,

Ministry of Textiles, Government of India, following changes had taken place among directors on Board of

NHDC Ltd., since last Annual General Meeting:

1. Shri Balvinder Kumar Chairman Upto 05.02.2014

2. Shri Dinesh Kumar Chairman From 05.02.2014

3. Shri A. K. Sharma Director Upto 31.10.2013

4. Smt. Indrani Kaushal Director Upto 05.06.2014

5. Shri A. K. Sharma Director From 05.06.2014

Your Directors place on record the appreciation for guidance and valuable services rendered by

Shri Balvinder Kumar and Smt. Indrani Kaushal, during their tenure as Chairman and Director respectively

on the Board of NHDC.

16. AUDIT COMMITTEE :

In accordance with the requirement of section 292(A) of the Companies Act, 1956, the Meetings of

the Audit Committee were held during the year under review. Audit Committee consists of following

directors:

1. Shri Balvinder Kumar, - Chairman

Development Commissioner (Handlooms), (From 03.01.2013 to 05.02.2014)

Ministry of Textiles, Govt. of India

2. Shri Dinesh Kumar - Chairman

Development Commissioner (Handlooms), (From 05.02.2014)

Ministry of Textiles, Govt. of India

3. Shri A K Sharma, Dy. Secretary, IFW -Member

Ministry of Textiles, Govt. of India (From 12.12.2012 to 31.10.2013)

4. Smt. Indrani Kaushal, Addl. Economic Adviser, -Member

Ministry of Textiles, Govt. of India (From 31.10.2013 to 05.06.2014)

5. Shri A K Sharma, Dy. Secretary, IFW -Member

Ministry of Textiles, Govt. of India (From 05.06.2014)

6. Shri Sarvepalli Srinivas, -Member

Managing Director, NHDC Limited (From 01.05.2013)

24

17- ifjlEifÙk;ksa dh izlkafxdrk %ikfVZ;ksa ls izkIr C;kt #- 65-23 yk[k gS¼foxr o"kZ&64-08 yk[k½ tks fof/kd dk;Zokgh ds vUrxZr gSA

18- funs'kdx.kksa ds mÙkjnkf;Ro dk fooj.k %dEiuh vf/kfu;e ¼la'kksf/kr½ 2000 ds izkfo/kkuksa ds ifjizs{; esa vkidk funs'kd ,rn~}kjk ?kks"k.kk djrk gS fd]

¼i½ okf"kZd ys[kk rS;kj djrs le; iz;ksT; ys[kk ekudksa dk vuqlj.k fd;k x;k gSA¼ii½ funs'kdx.kksa us ,slh ys[kk uhfr;ksa dk p;u dj ds mUgsa lqlaxr <ax ls ykxw fd;k gS rFkk fy;s x;s fu.kZ; o vkadyu

mi;qDr o foosdiw.kZ gS ftuls 31 ekpZ] 2014 dks lekIr o"kZ ds vUr esa dEiuh ds dk;Zdkykiksa o ykHk dk lgh&lgho fu"i{k ys[kk&tks[kk izkIr gksrk gSA

¼iii½ funs'kd xq.kksa }kjk dEiuh dh ifjlEifÙk;ksa vkSj lqj{kk izkfo/kkuksa ds vuqlkj ys[kk vfHkys[kksa ds mi;ZqDr j[k&j[kko ,oe~/kks[kk/kM+h o vU; vfu;ferrkvksa dh jksdFkke gsrq i;kZIr lko/kkuh j[kh xbZ gSA

¼iv½ funs'kdx.kksa ds fujUrj tkjh jgus okys dkjksckj ds vk/kkj ij okf"kZd ys[kksa dks rS;kj fd;k x;k gSA19- vkHkkj %

vkidk funs'kd e.My] dEiuh dh xfrfof/k;ksa vkSj dk;ksZa dks iwjk djus esa vkidk dk;kZy; fodkl vk;qDr ¼gFkdj?kk½oL= ea=ky;] Hkkjr ljdkj rFkk dsUæ o jkT; ljdkj ds vU; ea=ky; foHkkxksa@LFkkuh; ljdkjh fudk;ksa }kjk fn;s x;s leFkZuo ekxZn'kZu ds fy;s vkHkkj O;Dr djrk gSA

vkids funs'kd e.My Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd] ys[kk ijh{k.k cksMZ ds lnL;ksa] lkafof/kd ,oa 'kk[kkys[kkijh{kdksa vkSj cSadlZ la?k ds izfr muds lg;ksx o lgk;rk ds fy;s vkHkkjh gSA

vkidk funs'kd e.My fofHké mi;ksxdrkZ laLFkkvksa@vU; lacaf/kr laLFkkvksa ds izfr muds leFkZu vkSj fuxe esa muds}kjk fo'okl ds fy;s gkfnZd vkHkkj O;Dr djrk gS rFkk Hkfo"; esa ijLij ykHkizn laca/kksa dh vk'kk j[krk gSA

vkidk funs'kd e.My lHkh drkbZ feyksa] jaxksa o jlk;uksa rFkk diM+k fuekZrkvksa ,oa muds laxfBr laLFkkuksaa ls feys lrr~lg;ksx ds fy;s mudk vkHkkj O;Dr djrk gSA vkidk funs'kd e.My] jk"Vªh; gFkdj?kk fodkl fuxe fy- ifjokj ds lHkhlnL;ksa ds izfr muds mRlkg] dk;Zfu"Bk o lg;ksx ds fy;s gkfnZd vkHkkj O;Dr djrk gS rFkk muls lrr~ lg;ksx dh vk'kkj[krk gSA

funs'kd e.My ,oa mudh vksj lsg0@&

¼fnus'k dqekkj½v/;{k

fnukad % 01 flrEcj] 2014LFkku % ubZ fnYyh

25

17. CONTINGENT ASSETS :

Interest receivable from the parties under legal proceedings is Rs.65.23 lac (Previous year-Rs. 64.08 lac).

18. DIRECTOR'S RESPONSIBILITY STATEMENT:

In view of provisions of the Companies (Amendment) Act, 2000, your Directors hereby declare:-

i) that in the preparation of the annual accounts, the applicable accounting standards had been followed.

ii) that the directors had selected such accounting policies and applied them consistently and made

judgments and estimates that are reasonable and prudent so as to give a true and fair view of the

state of affairs of the corporation at the end of the financial year and of the profits of the corporation

for the year ended 31st March, 2014.

iii) that the Directors had taken proper and sufficient care for the maintenance of adequate accounting

records in accordance with the provisions of this Act for safeguarding the assets of the corporation

and for preventing and detecting fraud and other irregularities.

iv) that the directors had prepared the annual accounts on a going concern basis.

19. ACKNOWLEDGEMENT:

Your Board is thankful to the Ministry of Textiles, Office of Development Commissioner for

Handlooms, Government of India and other Ministries and departments in Central and State governments

for their support and guidance given to the corporation in carrying out its activities and operations.

Your Directors are grateful to the Comptroller & Auditor General of India, Members of Audit Board,

Statutory and Branch Auditors and Bankers for their help, cooperation and guidance.

Your Board expresses sincere gratitude to the various user agencies/ other concerned agencies for

their support and confidence reposed in the organization and looks forward to mutually rewarding relationship

in future.

Your Directors wish to place on record their appreciation for the continued co-operation received

from all the Spinning Mills and Manufacturers of dyes & chemicals and fabrics directly as also through

their organised set-ups. Your Board also wishes to record its deep gratitude to all the members of NHDC

family for their enthusiasm, dedicated work and cooperation and look for their continuous involvement.

For and on behalf of Board of Directors

Sd/-

(Dinesh Kumar)

Chairman

.Date: 01st September, 2014

Place: New Delhi

26

funs'kdksa ds izfrosnu dk vuqyXud uSxfed vfHk'kklu ij fjiksVZ1- uSxfed vfHk'kklu ij fuxe dk n'kZu % uSxfed vfHk'kklu ij fuxe dk n'kZu ;g gS fd viusa dk;Z{ks= ds leLr igyqvksa esa rFkk va'k/kkjdksa] dfeZ;ksa] cSadlZ] ys[kkijh{kdksa o 'kklu lfgr viusa lHkh i.k/kkfj;ksa ¼LVsd gksYMlZ½ ls ijLij fofue; esa vf/kd ls vf/kd ikjnf'kZrk rFkk tokcnsghcuk, j[kk tk;sA fuxe }kjk uSxfed vfHk'kklu ds lokZPp Lrj dks izkIr djusaa ds fy, fujUrj iz;Ru fd;k tkrk gS rkfdnh?kZdkyhu i.k/kkfjr ewY;ksa esa o``f) gks rFkk uSxfed vfHk'kklu dk vPNk Lrj cuk jg ldsA fuxe ds lqLFkkfir ikjn'khZ vkSjnkf;Ro iw.kZ <kapk miyC/k gS ftlls is'ksoj vkSj tokcnsgh iw.kZ dk;Z iz.kkyh lEHko gks ikrh gSA2- funs'kd e.My % Lora= funs'kdksa dh fu;qfDr ds vfrfjDr fuxe dk funs'kd e.My HkyhHkkafr lajpukc) gS] ftlds fy, iz'kklfud ea=ky;ls vuqjks/k fd;k tk pqdk gSA orZeku esa blds 03 lnL; gSa] ftlesa 02 ljdkjh lnL; Hkkjr ljdkj }kjk ukfer gSa¼v/;{klfgr½ vkSj ,d dk;Z'khy funs'kd gSa ¼izcU/k funs'kd½ Hkkjr ljdkj }kjk funs'kd e.My esa funs'kdksa dh fu;qfDr fuxe ds]^laLFkk ds vUrZfu;e* ¼vkfVZdy vkWQ ,lksfl,'ku½ ds vuqPNsn 94 ds rgr dh x;h gSA funs'kd e.My ds la?kVd rFkk lEcfU/kr lwpuk,sa fuEuor~ gSa %

v-Jh fnus'k dqekj] 3@3 ykxw ugha 03 & v/;{k&,u,pMhlh &Hkkjr gS.Mywe ekdsZfVax fodkl vk;qDr ¼gFkdj?kk½ oL= ea=ky; dEiuh-fy- funs'kd igpku la- 01658847 &,u-bZ-,p-,p-Mh-lh-fy- ¼5 Qjojh 2014 ls½ &,p-bZ-ih-lh-

foxr okf"kZdegklHkk(AGM) ls vc rd fuosndks ds uke o Js.kha funs'kd e.My dh cSBdksa esa mIkfLFkfr

foxr okf"kZd 31 ekpZ] 2014 dks 31 ekpZ] 2014egklHkk(AGM) vU; fdrusa LkaLFkkuksa dks vU; fdruh esa mifLFkfr esa funs'kd gSa e.My lfefr ds lnL;@v/;{k gSa

ljdkjh funs'kd

c-Jh cyfoUnj dqekj] 1@1 & 02 & v/;{k&jk-g-fo-fu- &,u-bZ-,p-,p-Mh-lh-fy- fodkl vk;qDr¼gFkdj?kk½ oL= ea=ky; &,p-bZ-ih-lhfuns'kd igpku la- 01647940 ¼5 Qjojh 2014 rd½ l-Jherh bUæk.kh dkS'ky] 1@3 ykxw ugha 03 & vij vkfFkZd lykgdkj] &lh-lh-vkbZ-lh ,dhd`r foÙk izHkkx] oL= ea=ky; &ch-vkbZ-lh

funs'kd igpku la- 02091078 &,p-bZ-ih-lh- ¼31 ekpZ 2013 ls 5 twu 2014 rd½

27

ANNEXURE TO DIRECTORS’ REPORTREPORT ON CORPORATE GOVERNANCE

1. COMPANY’S PHILOSOPHY ON CORPORATE GOVERNANCE:

NHDC’s philosophy on Corporate Governance envisages attainment of highest level of

transparency and accountability in all facets of operations and all its interactions with its stakeholders

including shareholders, employees, bankers, auditors and the Government. The corporation constantly

endeavours to achieve the highest levels of standards of corporate governance in order to enhance

the long term stakeholders’ value and maintain good standards of Corporate Governance. Corporation

has well established, transparent and fair administrative set up to provide for professionalism and

accountability.

2. BOARD OF DIRECTORS:

The Board of the corporation is well structured except the appointment of independent directors,

for which, request has been made to the Administrative Ministry for their induction on the Board.

Presently, it consists of 3 members, of whom, two are the government nominee of the government of

India (including Chairman) and one is the Functional Director (i.e. Managing Director). The Directors

on the Board are appointed by the Government of India in terms of Article 94 of the Articles of Association

of the corporation.

Constitution of Board of Directors and the related information is placed herein below:

Name & Category of the No. of Board

Director Meetings with

Attendence

Since Last

AGM

Attendence in No. of outside No. of outside

Last AGM Directorships as board committee

on 31st March, membership/

2014 chairmanship as

on 31st March,

2014

Government Director:

a. Shri Dinesh Kumar 3/3 - N.A. - 03 -Chairman-NHDC - Bharat HandloomDC (Handlooms), MarketingMinistry of Textiles, Company Ltd.DIN No. 01658847 - NEHHDC Ltd.(From 05th Feb., 2014) - HEPC

b. Shri Balvinder Kumar 1/1 - 02 - Chairman-NHDC - NEHHDC Ltd DC (Handlooms), - HEPC Ministry of Textiles, DIN No. 01647940 (Till 05th Feb., 2014)

c. Smt. Indrani Kaushal, 1/3 - N.A. - 03 - Addl. Economic Adviser, - CCIC Integrated Finance Wing - BIC Ministry of Textiles, - HEPC DIN No. 02091078 (From 31st Oct., 2013 to 05thJune, 2014)

28

n- Jh ,- ds- 'kekZ] 1@1 ykxw ugh 02 &mi lfpo & lh-lh-vkbZ-lh,dhd`r foÙk izHkkx oL= ea=ky; & ch-vkb-lhfuns'kd igpku la- 06471388¼31 vDVwcj 2013 rd rFkk05 twu 2014 ls½

dk;Z'khy funs'kd;- Jh losZiYyh Jhfuokl 4@4 gk¡ 02 & izcU/k funs'kd & ch vkbZ lh funs'kd igpku la- 02292051 & Hkkjr gS.Mywe ¼1 ebZ] 2013 ls½ ekdsZfVax dEiuh fy-

o"kZ 2013&14 esa fuxe ds funs'kd e.My dh fu;fer vUrjky ij 04 cSBdksa 29 ebZ] 2013] 26 tqykbZ 2013] 22 uoEcj]2013 vkSj 21 Qjojh 2014½ dh x;h rFkk lkoZtfud m|e foHkkx ¼MhihbZ½ dh ekxZ funsZf'kdkvksa ds vuq:i lHkh okafNrlwpuk;sa e.My ds le{k izLrqr dh x;haAfuns'kd e.My ds funsZ'kdksa dk laf{kIr fooj.k %(i) Jh fnus'k dqekj ¼55 o"kZ½ vkbZ,,l ¼, ih 1983½

vki oL= ea=ky; Hkkjr ljdkj esa fodkl vk;qDr ¼gFkdj?kk½ gSa A vkiusa 05 Qjojh] 2014 ls jk"Vªh; gFkdj?kk fodklfuxe fyfeVsM ds insu v/;{k dk dk;ZHkkj xzg.k fd;kA blls iwoZ vki QwM dkjiksjs'ku vkWQ bf.M;k ¼,QlhvkbZ½ fnYyh fLFkrdk;kZy; esa dk;Zdkjh funs'kd ¼Hk.Mkj ,oa ifjogu½ ds :i esa dk;Zjr jgsA blds vfrfjDr vki vkU/kz&izns'k jkT; esa izeq[klfpo&eq[;ea=h] vkU/kz&izns'k foRr&foHkkx] ÅtkZ&foHkkx] lkFk gh vk;qDr] vkink izcU/ku rFkk v/;{k ,oa izcU/k funs'kd¼lh,eMh½] dsUnzh; fo|qr forj.k dEiuh] gSnjkckn ¼vkU/kz&izns'k½ Hkh jg pqds gSaA vki T;qfcytkuk fo'ofo|ky;] Lyksosfu;k(Ljubljana University ,Slovenia) vkSj vkbZlhihbZ ls ,e-ch-,- djusa dss vfrfjDr fnYyh fo'ofo|ky; ls ouLifr 'kkL=esa ijkLukrd rFkk ,e-fQy- gSaA

vki gFkdj?kk fu;fr lao/kZu ifj"kn ¼,p bZ ih lh½ rFkk mRrj iwoZ gLr f'kYi ,oa gFkdj?kk fodkl fuxe ds ¼,u bZ ,p,p Mh lh½ ds e.My esa ukfer funs'kd gSaA(ii) Jh ,- ds- 'kekZ ¼55 o"kZ½

vki ,dhd`r foRr izHkkx] oL= ea=ky; Hkkjr ljdkj esa mi lfpo gSaA vkiusa fuxe esa 12 fnlEcj] 2012 dks vkSj fQj5 twu] 2014 dks ukfer funs'kd ds :i esa dk;ZHkkj xzg.k fd;kA vki okf.kT; Lukrd gSaA vki dsUnzh; lfpoky; lsok¼lh,l,l½ ds vf/kdkjh gSaA vkiusa dsUnzh; lfpoky; lsok ds vUrxZr flrEcj 1984 eas x`g ea=ky; esa dk;ZHkkj xzg.k fd;kA

uoEcj] 2012 esa oL= ea=ky; esa mi lfpo dk dk;ZHkkj xzg.k djusa ds iwoZ vkiusa iz/kkuea=h dk;kZy; esa ¼9 o"kksZa ls vf/kd½]dkfeZd ,oa izf'k{k.k foHkkx esa¼6 o"kksZa ls vf/kd½] x`g ea=ky;] LokLF; ea=ky; rFkk foRr ea=ky; ¼7 o"kksZa ls vf/kd½ esa dk;Z fd;kAvki vf/kdrj LFkkiuk@dkfeZd] laln rFkk foRr ekeyksaa ds dk;ksZa ls lEcfU/kr jgs gSaA orZeku esa og oL= ea=ky; ds ,dhd`r foRrizHkkx dk dk;Z lapkfyr dj jgs gSaA

vki lhlhvkbZlh fyfeVsM vkSj chvkbZlh fyfeVsM ds ukfer funs'kd Hkh gSaA(iii) Jh loZsiYyh Jhfuokl ¼52 o"kZ½

vkiusa 1 ebZ 2013 ls jk"Vªh; gFkdj?kk fodkl fuxe ds u;s izcU/k funs'kd ds :i esa dk;ZHkkj xzg.k dj fy;k gSA vkidkWelZ xzstq,V gSa rFkk Hkkjrh; tulapkj laLFkku] ubZ fnYyh ls foKkiu ,oa tu lEidZ esa iksLV xzstq,V fMIyksek /kkjd gSaA

29

d. Shri A.K. Sharma 02Dy. Secretary, 1/1 - N.A. - - CCIC

Integrated Finance Wing - BIC - Ministry of Textiles,

DIN No. 06471388(Till 31st Oct., 2013 and

from 05th June, 2014)

Functional Director :

e. Shri Sarvepalli Srinivas 4/4 Yes 02Managing Director - BIC

DIN No. 02292051 - Bharat Handloom

(From 01st May, 2013) Marketing Company Ltd. -

The Board of the corporation met 04 times during the year 2013-14 at regular intervals (29th May

2013, 26th July 2013, 22nd Nov., 2013 & 21st Feb., 2014) and all the information required in accordance

with DPE guidelines were placed before the Board.

Brief resume of the directors on the Board:

(i) Shri Dinesh Kumar (55 years), IAS (AP: 1983) is Development Commissioner for Handlooms in

Ministry of Textiles, Government of India. He joined the National Handloom Development Corporation

(NHDC) as ex-officio chairman w.e.f. 05th Feb., 2014. Before this, he was working as Executive

Director (Storage & Transport) in Food Corporation of India (FCI) stationed at Delhi. In addition to

that he held important assignments in State of Andhra Pradesh, such as Principal Secretary to

Chief Minister of Andhra Pradesh, Department of Finance and Department of Energy, besides,

working as Commissioner, Disaster Management and Chairman-cum–Managing Director (CMD),

Central Power Distribution Company in Hyderabad (Andhra Pradesh). He did M.Sc. and M. Phil in

Botany from Delhi University, besides doing his MBA from University of Ljubljana, Slovenia and

International Central for Public Enterprises (ICPE). Shri Dinesh Kumar is also nominee Director of

the Board of Handloom Export Promotion Council (HEPC) and North Eastern Handicrafts &

Handlooms Development Corporation (NEHHDC).

(ii) Shri A K Sharma (55 years) is Deputy Secretary, Integrated Finance Wing of the Ministry of Textiles,

Government of India. He joined the corporation as a nominee Director on 12th Dec., 2012 and then

on 05th June, 2014. He is a Commerce Graduate and is a Central Secretariat Service (CSS) Officer.

He joined Central Secretariat Service in September, 1984 in the Ministry of Home Affairs.

Before joining in Ministry of Textiles as Deputy Secretary in Nov., 2012, he has worked in

Prime Minister’s Office (for over 9 years), Department of Personnel and Training (over 6 years),

Ministry of Home Affairs, Ministry of Health and Ministry of Finance (over 7 years). He has mostly

dealt in Establishment/ Personnel, Parliament and Finance matter. Presently, he is handling

Integrated Finance Wing of the Ministry of Textiles.

He is also a nominee Director on the Board of CCIC Ltd. and BIC Ltd.

(iii) Shri Sarvepalli Srinivas: (52 years), joined the corporation as Managing Director on 01st May,

2013. He is a graduate in Commerce and holds a Post Graduate Diploma in Advertising & Public

Relations from the Indian Institute of Mass Communications, New Delhi.

30

vkiusa nks n'kd esa dSfj;j esa viusa vxz.kh lkoZtfud {ks=ds midzeksa vkSjfuth {ks= dh dEifu;kas ftuesa ikoj bfDoiesaV~lykftfLVd] dsfedYl] ØkbZfll dE;qfuds'ku rFkk cSafdax] dkjiksjsV dE;qfuds'kUl czkaM fcfYMax] dkjiksjsV vQs;lZ rFkk laLFkkxrlaca/k fodflr djusa tSls {ks=ksa esa O;kid vuqHko gkfly fd;k gSA vius bl dk;ZHkkj ls iwoZ Jhfuokl] fu;kZr&vk;kr cSad vkWQbf.M;k] eqEcbZ esa egkizcU/kd ds in ij dk;Zjr FksA

vkkids ikl ch vkbZ lh ds v/;{k ,oa izca/k funs'kd dk vfrfjDr izHkkj gS vkSj lkFk gh vki Hkkjr gS.Mywe ekdZafVaxdEiuh fy- ds funs'kd Hkh gSaA(iv) Jh cyfoUnj dqekj ¼57 o"kZ½ vkbZ , ,l ¼m- iz- % 1981½ ¼5 Qjojh] 2014 rd½

vki oL= ea=ky; Hkkjr ljdkj esa fodkl vk;qDr gFkdj?kk gSaA vkiusa 3 tuojh] 2013 ls 5 Qjojh] 2014 rdjk"Vªh; gFkdj?kk fodkl fuxe fy- ds insu v/;{k dk dk;ZHkkj xzg.k fd;kA blls iwoZ vki Hkkjr ljdkj eas vR;Ur egRoiw.kZinksa tSls la;qDr lfpo] jlk;u ,oa moZjd ea=ky; rFkk vij lfpo d`f"k ,oa lgdkfjrk ea=ky; esa dk;Zjr jgs A blds vfrfjDrvki vU; egRoiw.kZ inksa tSls fd izcU/k funs'kd] ;w- ih- LVsV b.MfLVª;y MsoyiessaV dkjiksjs'ku ¼;w ih ,l vkbZ Mh lh½ eq[;vf/k'kklh vf/kdkjh uks;Mk] mik/;{k y[kuÅ fodkl izkf/kdj.k ¼,y Mh ,½] dkjkxkj egkfujh{kd] fo'ks"k lfpo] ;w- ih- vkS|ksfxdfodkl rFkk xksiuh; foHkkx rFkk mRrj izns'k ljdkj esa eq[; lfpo ds LVkQ vkfQlj Hkh jg pqds gSA

vki fnYyh fo'ofo|ky; ls ouLifr 'kkL= esa ijkLukrd rFkk ,e-fQy- gSaA Jh cyfoUnj dqekj gFkdj?kk fu;kZrlao/kZu ifj"kn mRrj iwoZ gLrf'kYi rFkk gFkdj?kk fodkl fuxe ds e.My esa ukfer funs'kd gSaA(v) Jherh bUnzk.kh dkS'ky ¼42 o"kZ½ ¼05 twu 2014 rd½ % vki oL= ea=ky;] Hkkjr ljdkj esa vij vkfFkZd lykgdkj gSaA Jherh bUnzk.kh Hkkjrh; vkfFkZd lsok ¼1995 cSp½ dhvf/kdkjh gSaA vkiusa 4 vDVwcj] 2013 dks oL= ea=ky; esa in xzg.k fd;kA vkiusa foRr ea=ky;] bLikr ea=ky;] nwj lapkjfoHkkx vkSj miHkksDrk ekeyksa ds foHkkx esa funs'kd@milfpo tSls fofHkUu inksa ij viuh lsok;sa nh gSA

vki fnYyh Ldwy vkQ bdksukWfeDl ls vFkZ'kkL= esa ijkLukrd rFkk baLVhV~;wV vkQ MsoyiesaV LVMht ;w- ds- lsvfHkk'kklu rFkk fodkl esa ijkLukrd gSaA vkius ,pbZihlh] lhlhvkbZlh rFkk ch vkbZ lh ds e.My esa 2 ebZ 2014 ls ukferfuns'kd ds :i esa dk;Z fd;kA3- ys[kk lfefr % lkoZtfud {ks= ds fy;s lkoZtfud m|e foHkkx ¼MhihbZ½ ds ekxZ funsZ'kksa esa ;Fkk izLrkfor uSxfed vfHk'kkludks ys[kk lfefr dh 08 fnlEcj] 2010 dks vk;ksftr 23oha cSBd esa ys[kk lfefr ds fopkjkFkZ fo"k; esa uksV fd;k x;kA ys[kklfefr ds la?kVu rFkk lEcfU/kr lwpuk;sa fuEufyf[kr gSa % [email protected] ys[kk lfefr eas in mifLFkfr lfgr

cSBdksa dh la[;kJh fnus'k dqekj v/;{k 1@1ljdkjh funs'kd ¼05 Qjojh] 2014 ls½Jh cyfoUnj dqekj v/;{k 3@3ljdkjh funs'kd ¼05 Qjojh] 2014 rd½

Jherh bUnzk.kh dkS'ky lnL; 1@2ljdkjh funs'kd ¼31 vDVwcj] 2013 ls05 twu] 2014 rd½

31

In a career spanning over two decades, he has experience in leading public and private sectors

in power equipment, logistics, chemicals, crisis communication and banking, handling corporate

communications, brand building, corporate affairs and fostering international linkages. He was

General Manager, Export – Import Bank of India, Mumbai prior to joining NHDC.

He is holding additional charge of Chairman cum Managing Director – BIC and is also director

on the Board of Bharat Handloom Marketing Company Ltd.

(iv) Shri Balvinder Kumar (57 years), IAS (UP: 1981) (Till 05th Feb., 2014) is Development

Commissioner for Handlooms in Ministry of Textiles, Government of India. He joined the National

Handloom Development Corporation (NHDC) as ex-officio chairman w.e.f. 03rd January, 2013 till

05th Feb., 2014. Before this, he held various important positions in the Government of India which

include Joint Secretary in Ministry of Chemical & Fertilizers and Addl. Secretary in Ministry of

Agriculture & Cooperation. In addition to this, he also held other important assignments such as

MD, U.P. State Industrial Development Corporation (UPSIDC), CEO - NOIDA, Vice-Chairman,

Lucknow Development Authority (LDA), Inspector General of Prisons, Special Secretary, U.P.

Industrial Development & Confidential Department and Staff Officer to Chief Secretary in

Government of Uttar Pradesh.

He did M.Sc. and M.Phil. in Botany from Delhi University. Shri Balvinder Kumar is also nominee

Director on the Board of Handloom Export Promotion Council and North Eastern Handicrafts &

Handloom Development Corporation.

(v) Smt. Indrani Kaushal: (42 years) (Till 05th June, 2014), is an Additional Economic Adviser in

Ministry of Textiles, Government of India. She is an Indian Economic Service (1995 batch) officer.

She joined Ministry of Textiles on 04th Oct., 2013. She has served in different capacities as Director/

Deputy Secretary in Ministry of Finance, Ministry of Steel, Department of Telecom and Department

of Consumer Affairs.

She has a Masters in Economics from Delhi School of Economics and also Masters in

Governance & Development from Institute of Development Studies, U.K. She also served as

nominee Director on the Board of HEPC, CCIC & BIC up till 02nd May, 2014.

3. AUDIT COMMITTEE :

The terms of reference of the Audit Committee, as proposed in the DPE guidelines on Corporate

Governance for CPSEs was noted by the Audit Committee in its 23rd meeting held on 08th Dec., 2010.

The composition of Audit Committee and the related information is placed herein below:

Name/ category Position in Audit No. of meetings with

Committee attendance

Shri Dinesh Kumar Chairman 1/1

Government Director (w.e.f. 05th Feb., 2014)

Shri Balvinder Kumar Chairman 3/3

Government Director (Uptill 05th Feb., 2014)

Smt. Indrani Kaushal Member 1/2

Government Director

(From 31st Oct., 2013 to 05th June, 2014)

32

Jh ,- ds- 'kekZ lnL; 1@2ljdkjh funs'kd ¼31 vDVwcj] 2013 rd rFkk05 twu] 2014 ls½

Jh losZiYyh Jhfuokl lnL; 4@4 dk;Z'khy funs'kd ¼1ebZ] 2013 ls½

o"kZ 2013&14 esa ys[kk lfefr dh 04 cSBdas ¼26 tqykbZ 2013] 6 flrEcj 2013] 22 uoEcj 2013 rFkk 21 Qjojh2014½ fu;fer vUrjky ij dh x;haA4- ikfjJfed lfefr%

pwafd fuxe ,d ,slk laxBu gS tks lkekftd mís';ksa ds fy, dke djrk gS] mldk v'aknku bruk vYi gS fd mlls ogdsoy Åijh [kpksZa dks gh iwjk dj ikrk gSA og viusa dfeZ;ksa dks fu"iknu laca/kh Hkqxrku ¼ih vkj ih½ djusa esa l{ke ugh gSaA vr%ikfjJfed lfefr ds lUnHkZ esa uSxfed vfHk’kklu ij Mh ih bZ ekxZ funsZf'kdkvksa ds izkfo/kku] fuxe ij ykxw ugh gksrs gSa lkFkgh dfeZ;ksa dh la[;k Hkh vYi gS ¼31 ekpZ] 2014 rd 193 dehZ gSa½A

mijksDr dks ns[krs gq, i‘Fkd ikfjJfed lfefr cukusa dh vko’;drk vuqHko ugha dh x;h rFkk ifjJfed lEcU/kh ;fndksbZ ekeyk gS rks mls lh/ks funs’kd e.My dks izLrqr fd;k tkrk gSA5- tujy ckWMh ehfVax %

foxr 03 okf"kZd egklHkk ¼,-th-,e-½ dh cSBdksa dk fooj.k fuEuor~ gS&

6- izdVhdj.k %¼i½ dk;Z’khy funs’kd dks Hkqxrku fd;s x;s ikfjJfed dk fooj.k fuEufyf[kr gSA ¼:- yk[k esa½

¼ii½ o"kZ ds nkSjku fdlh lEcU/kh ikVhZ ls ysu&nsu ugha fd;k x;kA¼iii½ iqu% iqf"V dh tkrh gS fd fdlh Hkh lkafof/kd laLFkk }kjk dksbZ n.M ugha vkjksfir fd;k x;k gSA¼iv½ fuxe ds funs’kd e.My ls fof/kor vuqeksfnr ^fOgfly Cyksvj uhfr* gS tks fuxe ds leLr dfeZ;ksa dks ifjpkfyr dj nh x;h gS rFkk fuxe dh osclkbV www.nhdcltd.co.in ij Hkh yxk nh x;h gSA iqu% ;g iqf"V dh tkrh gS fd fdlh Hkh dkfeZd dks] ys[kk ijh{kd lfefr rd igq¡pus ls ugha jksdk x;k gSA¼v½ fuxe] uSxfed vfHk'kklu ij lkoZtfud m|e foHkkx }kjk ;FkkokafNr lHkh funsZ'kksa] flok; Lora= funs'kdksa dh fu;qfDr ds] dk ikyu dj jgh gSA ftlds fy;s iz'kklfud ea=ky; ls vko';d dk;Zokgh dk vuqjks/k fd;k x;k gSA tgk¡ rd ikfjJfed lfefr dh ckr gS rks mldk Li"Vhdj.k Åij fn;k tk pqdk gSA

foRrh; o"kZ ds fy, ,th,e frfFk o le; LFkku 2012&13 27 flrEcj] 2013] izkr% 11%00 cts iathd`r dk;kZy;] y[kuÅ

2011&12 27 flrEcj] 2012] vijkUg 4%30 cts m|ksx Hkou] ubZ fnYyh 2010&11 29 flrEcj] 2011] vijkUg 3%00 cts iathd`r dk;kZy;] y[kuÅ

dk;Z'khy funs'kd dk uke osru¼ewy $ egaxkbZ HkRrk½ ifjyfC/k;k¡ dqyJh losZiYYkh Jhfuokl] izcU/k funs'kd 15-11 3-85 18-96

Jh ts- ds- ckostk] izcU/k funs'kd 1-35 0-35 1-70 dqy 16-46 4-20 20-66

33

Shri A. K. Sharma Member 1/2

Government Director (Uptill 31st Oct., 2013 and

from 05th June, 2014)

Shri Sarvepalli Srinivas Member 4/4

Functional Director

(w.e.f. 01st May, 2013)

The Audit Committee met 4 times during the year 2013-14 at regular intervals (26th July, 2013, 06th

Sept., 2013, 22nd Nov., 2013 & 21st Feb., 2014).

4. REMUNERATION COMMITTEE :

Since, the corporation is an organisation with social objectives having very thin contribution margin

just sufficient to meet its overheads, it is not able to pay the Performance Related Payment (PRP) to its

employees. Thus, the provisions of DPE guidelines on Corporate Governance in respect of Remuneration

Committee do not apply to the corporation. Further, the number of employees in the corporation is also

small (i.e. 193 as on 31st March, 2014).

In view of above, no need has been felt to have a separate remuneration committee and the other

matters relating to remuneration, if any, are placed directly to the Board of Directors.

5. GENERAL BODY MEETING :

The last 03 Annual General Meetings (AGMs) were held as under -

AGM for the FY Date & time of AGM Venue of the AGM

2012-13 27th Sept., 2013/ 11.00 A.M. Registered Office, Lucknow

2011-12 27th Sept., 2012/ 4.30 P.M. Udyog Bhavan, New Delhi

2010-11 29th Sept., 2011/ 03.00 P.M. Registered Office, Lucknow

6. DISCLOSURES:

(i) Details of remuneration paid to the Functional Director are as under: (Rs. in lac)

Name of Functional Director Salary (Basic + DA) Perquisites Total

Shri Sarvepalli Srinivas

Managing Director 15.11 3.85 18.96

Shri J K Baweja

Managing Director 1.35 0.35 1.70

Total 16.46 4.20 20.66

(ii) During the year, there was no related party transaction.

(iii) It is reaffirmed that no penalty has been imposed by any of the statutory body.

(iv) The corporation has a Whistle Blower Policy duly approved by the Board, which has been circulated

to all the employees of the corporation and also placed on the website www.nhdcltd.co.in of the

corporation. Further, it is affirmed that no personnel has been denied access to the Audit Committee.

(v) The corporation is complying with all the requirements of the Guidelines on Corporate Governance

for CPSEs except the appointment of independent Directors, for which a request has been sent

to the Administrative Ministry for the needful. As regards, the Remuneration Committee, the same

has been explained above.

34

¼vi½ fuxe }kjk Hkkjr ljdkj }kjk tkjh jk"Vªifr ds funsZ’kksa dk ikyu o"kZ ds nkSjku fd;k x;k rFkk foxr 03 o"kksZa esa Hkh vuqikyu lqfuf’pr fd;k x;k gSA¼vii½ o"kZ ds nkSjku fuxe dh ys[kk cfg;ksa esa ls ,slk dksbZ O;; fodflr ugha fd;k x;k gS tks dkjksckj ls lEcfU/kr ugha gksA¼viii½ o"kZ ds nkSjku funs’kd e.My rFkk 'kh"kZ izcU/ku ds fy, O;fDrxr izd‘fr dk dksbZ O;; ugha fd;k x;kA¼ix½ o"kZ ds nkSjku iz’kklfud rFkk dk;kZy; O;;] dqy [kpZ dk 15-72% gS tcfd foxr o"kZ ;g 11-01% FkkA iz’kklfud O;; esa c<+ksRrjh eq[;r% ;k=k] O;;] fdjk;k vkSj ejEer rFkk j[kj[kko O;; eaas gqbZ c<+ksRrjh ds dkj.k gSA foRrh; [kpsZ ux.; gS D;ksafd fuxe ,d _.k eqDr fuxe gSA

7- lEizs"k.k ds ek/;e %fuxe dh lexz iznRr iw¡th Hkkjr ljdkj }kjk /kkfjr gSA fuxe dk okf"kZd ys[kk] okf"kZd fjiksVZ lfgr Hkkjr ljdkj dks

Hkst fn;k x;k gS] rFkk fuxe dh osclkbV www.nhdcltd.co.in ij yxk fn;k x;k gSA

8- ys[kk vgZrk %dEiuh vf/kfu;e 1956 dh /kkjk 619 ¼4½ ds vUrxZr 31 ekpZ] 2014 dks lekIr o"kZ gsrq Hkkjr ds ys[kk egkfu;a=d

dh fVIi.kh] okf"kZd fjiksVZ esa layXu dh x;h gSA

9- funs’kd e.My dks izf’k{k.k %fuxe] funsZ’kdksa dks fuxe esa dk;Z xzg.k djrs le;] QksYMj ds :i esa nLrkostksa dk ,d lsV miyC/k djkrk gSA ftlesa

fuxe ds dk;Zdyki vkSj fu"iknu ds egRoiw.kZ vkadM+s] funs’kd e.My ds fy, O;kikj dh vkpj.k o uhfr lafgrk] uSxfedvfHk’kklu ds fn’kk funsZ’k bR;kfn j[ks gksrs gSaA

10- fOgfly Cyksvj uhfr %fuxe usa] funs’kd e.My ds fof/kor vuqeksnu ls ,d fOgfly Cyksvj uhfr rS;kj dh gSa ;g uhfr] lHkh dfeZ;ksa ds

e/; ifjpkfyr dj nh xbZ gSA rFkk fuxe dh osclkbV www.nhdcltd.co.in ij Hkh yxkbZ x;h gSA

11- vkpj.k lafgrk %fuxe usa funs’kdksa rFkk ofj"B izca/ku ds fy, djksckj dh vkpj.k ,oa uhfr lafgrk cuk;h gS ftls fuxe dh osclkbV

www.nhdcltd.co.in ij iznf’kZr fd;k x;k gSA funs’kd e.My ds lHkh lnL;ksa rFkk izeq[k vf/kdkfj;ksa usa vkpj.k ds vuqikyudh iqf"V dh gSA lEcfU/kr ?kks"k.kk bl fjiksVZ ds lkFk layXu gSA

12- vuqikyu izek.k i= %;g fjiksVZ] lkoZtfud {ks= ds miØeksa ds fy, funsZf’kdkvksa] uSxfed vfHk’kklu ij tkjh ekxZ funsZ’kksa dk ;FkkokafNr]

fof/kor vuqikyu djrh gS rFkk mldh ekxZ funsZf’kdkvksa ds vuqyXud&VII esa mfYyf[kr lHkh lq>koksa dks lfEefyr djrh gSaAlkoZtfud m|e foHkkx }kjk fufnZ"V uSxfed vfHk’kklu ds vuqikyu dh frekgh fjiksVZ iz’kklfud ea=ky; dks fu;fer :ils Hksth x;h gSA dsUnzh; lkoZtfud {ks= ds miØeksa ds fy, uSxfed vfHk’kklu ij ekxZfunsZf’kdkvksa dh 'krksZa ds vuqikyuds lEcU/k esa is’ksoj dEiuh lfpo ls izkIr izek.k&i= bl fjiksVZ ds lkFk layXu gSA

35

(vi) The Presidential directives issued by the Government of India has been complied by the corporation

during the year and also during the last 3 years.

(vii) During the year, no expenditure has been debited in the books of accounts which are not for the

purposes of business.

(viii) During the year, no expenses which are of personal nature have been incurred for the Board of

Directors and top management.

(ix) Administrative and Office Expenses during the year is 15.72% of the total expenses as against

11.01% last year. Increase in administrative expenses is mainly on account of increase in travelling

expenses, rent and repair & maintenance expenses. Further, the Financial Expenses are negligible,

since corporation is a debt free corporation.

7. MEANS OF COMMUNICATION :

The entire paid up share capital of the corporation is held by the Government of India. The Annual

report including annual accounts of the corporation are sent to the Government of India and also placed

on the website www.nhdcltd.co.in of the corporation.

8. AUDIT QUALIFICATIONS :

The comments on accounts for the year ended 31st March, 2014 by the Comptroller & Auditors

General of India under section 619(4) of the Companies Act 1956 are placed in the Annual report.

9. TRAINING OF BOARD OF DIRECTORS :

The corporation furnishes a set of documents in a folder form to the directors on their joining the

Board. This includes important data about the functioning and performance of the corporation, Code of

Business Conduct & Ethics for the Board members, Corporate Governance Guidelines etc.

10. WHISTLE BLOWER POLICY :

The corporation has laid down a Whistle Blower Policy duly approved by the Board. The policy has

been circulated to all the employees of the corporation and also placed on the website www.nhdcltd.co.in

of the corporation.

11. CODE OF CONDUCT :

The corporation has laid down the Code of Conduct & Business Ethics for the Board members and

senior management of the corporation. A copy of the Code is displayed on the website www.nhdcltd.co.in

of the corporation. All the Board members and key officers have affirmed their compliance to the code. A

declaration to this effect is annexed to this report.

12. COMPLIANCE CERTIFICATE :

This report duly complies with the requirements of the Guidelines on Corporate Governance for

CPSEs and covers all the suggested items mentioned in the Annexure - VII of the Guidelines. The quarterly/

annual reports on the compliance with the Corporate Governance requirements prescribed by the DPE

are also sent to the Administrative Ministry regularly/ timely. The certificate obtained from the Practicing

Company Secretary regarding compliance to the conditions of guidelines on Corporate Governance for

CPSEs has been annexed to the report.

36

uSxfed vfHk'kklu izek.k&i=

lsok esa] lHkh lnL;] jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM 10oka ry] fodklnhi] 22 LVs'ku jksM] y[kuÅ&226001

geusa Hkkjh m|ksx rFkk lkoZtfud midze ea=ky;] Hkkjr ljdkj ds lkoZtfud m|e foHkkx }kjk dsUnzh; lkoZtfudm|eksa ds fy, uSxfed vfHk'kklu gsrq tkjh ekxZfunsZf'kdk,sa 2010 ¼ftls vkxs ekxZfunsZf'kdk;sa dgk x;k gSA½ esa vuqc) 'krksZ]ftls vuqyXud esa n'kkZ;k x;k gS] ds vuqlkj 31 ekpZ 2014 dks lekIr o"kZ esa] jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ¼ftlsvkxs fuxe dgk x;k gS½ }kjk uSxfed vfHk'kklu dh 'krksZa ds vuqikyu dk ijh{k.k fd;k gSA

uSxfed vfHk'kklu dh 'krkZsa dk mRrjnkf;Ro izcU/ku dk gksrk gSA gekjk ijh{k.k mijksDrkuqlkj fn'kk funsZ'kksa esa vuqc)uSxfed vfHk'kklu dh 'krksZa ds vuwikyu dks lqfuf'pr djuas gsrq fuxe }kjk viuk;h x;h izfdz;kvksa rFkk muds fØ;kUo;urd lhfer FkkA ;g uk rks fuxe ds foRrh; fooj.k ij gekjk er gS u gh ys[kk ijh{kk gSA

gekjh jk; esa rFkk gesa miyC/k djk;h x;h tkudkjh o Li"Vhdj.k ds vk/kkj ij ge ,rn~}kjk ;g izekf.kr djrsgSa fd fuxe }kjk mfYyf[kr ekxZfunsZf'kdkvksa esa vuqc) uSxfed vfHk'kklu dh 'krkZsa dk vuqikyu fd;k x;k gS] flok;lEcfU/kr ea=ky; }kjk i;kZIr la[;k eas Lora= funs'kdksa dh fu;qfDr u fd;s tkusa ds dkj.k] ys[kk lfefr rFkk ikfjJfedlfefr dk xBu rFkk tksf[ke izcU/ku ;kstuk dk izkfo/kku ugha fd;k x;k gSA

gesa vkxs ;g dguk gS fd ;g vuqikyu u rks fuxe dh Hkfo"; dh lEHkkoukvksa dk u gh mldh dk;Z{kerk o izHkkoftlds lkFk izcU/ku }kjk fuxe dk O;olk; pyk;k x;k gS] dk vk'oklu gSA

d`rs vfer xqIrk ,.M ,lksfl;sV~ldEiuh lfpog0@&¼vfer xqIrk½ekfydlh ih la[;k 4682

fnukad & 20-08-2014LFkku & y[kuÅ

37

CORPORATE GOVERNANCE CERTIFICATE

To,

The Members,

National Hadloom Development Corporation Limited,

10th Floor, 'Vikas Deep', 22-Station Road, Lucknow : 226 001

We have examined the compliance to the conditions of Corporate Governance by National

Handloom Development Corporation Limited, (hereinafter referred as 'the corporation') for the year

ended on 31st March, 2014 as sitpulated in the 'Guidelines on Corporate Governance for Central

Public Sector Enterprises, 2010' of Department of Public Enterprises, Ministry of Heavy Industries

and Public Enterprises, Government of India and annexure mentioned there under (hereinafter

referred as 'Guidelines').

The compliance to the conditions of Corporate Governance is responsibility of the

Management. Our examination was limited to the procedures and implemenation thereof, adopted

by the Corporation for ensuring the compliances to the conditions of Corporate Governance as

stipulated in above mentioned guidelines. It is neither an audit nor an expression of opinion on the

financial statement of the Corporation.

In our opinion and to the best of our information and according to the explanations given to

us, we hereby certify that the corporation has complied with the conditions of Corporate Governance

as stipulated in the above mentioned Guidelines except the provisions regarding composition of

Board, Audit Committee and Remuneration Committee due to non-appointment of adequate number

of Independent Directors by the concerned Ministry & risk management plan.

We further state that such compliances is neither an assurance as to the future viability of the

Corporation nor the efficiency or effectiveness with which the Management has conduted the affairs

of the Corpopration.

For Amit Gupta & AssociatesCompany Secretaries

Sd/-(Amit Gupta)

Proprietor

CP no. 4682

Date: 20.8.2014

Place: Lucknow

38

foÙkh; o"kZ 2013&14 ds nkSjku funs'kd e.My ds lnL;ksa rFkk ofj"B izc/aku }kjkvkpj.k lafgrk ds vuqikyu ds lEcU/k esa izcU/k funs'kd }kjk dh x;h ?kks"k.kk

eS] losZiYyh Jhfuokl] izcU/k funs'kd jk"Vªh; gFkdj?kk fodkl fuxe fy- ,rn~}kjk ;g ?kks"k.kk djrk gw¡ fd funs'kde.My ds lHkh lnL;ksa rFkk fuxe ds ofj"B izcU/ku us foRrh; o"kZ 2013&14 ds nkSjku vkpkj lafgrk rFkk uSfrdrk dsvuqikyu dh iqf"V dh gSA

g0@&¼losZiYyh Jhfuokl½

izcU/k funs'kd fnukad % 11 tqykbZ] 2014 LFkku % y[kuÅ

39

Declaration by the Managing Director regarding Compliance with theCode of Conduct by the Board Members and Senior Management duringthe Financial Year 2013-14.

I, Sarvepalli Srinivas, Managing Director, National Handloom Development Corporation Limited, do

hereby declare that all the Members of the Board of Directors and the Senior Management Team of the

corporation have affirmed their compliance to the Code of Business Conduct and Ethics of the Corporation

during the FY 2013-14

Sd/-

(Sarvepalli Srinivas)

Managing Director

Place: Lucknow

Dated: 11th July, 2014

40

funs'kdksa ds izfrosnu dk vuqyXudizcU/k fopkj foe'kZ ,oa fo'ys"k.k izfrosnu

1- gFkdj?kk ifjn`'; %d`f"k ds i'pkr~ gFkdj?kk {ks= ,d lcls cM+k vlaaxfBr vkfFkZd dk;Zdyki gS vkSj ;g xzkeh.k ,oa v)Z xzkeh.k vkthfodk

dk vfHkUu vax gSA bl {ks= ls 43 yk[k ls vf/kd cqudjksa vkSj lgk;d Jfedksa dks izR;{k ,oa vizR;{k jkstxkj gkfly gksrk gSAgFkdj?kk {ks= ds rst] vf/kd lekos'kh vkSj fVdkÅ] fodkl dks izkIr djusa ds mn~ns'; ls] Hkkjr ljdkj dsfUnzr] Ykphyk

vkSj iw.kZrkijd n`f"Vdks.k ckjgoha iapo"khZ; ;kstuk ds nkSjku viuk jgk gS] ftldk mn~ns'; ?kjsyw ,oa oSf'od cktkj dh pqukSfr;kasdks iwjk djuk] izfrLi/khZ ewY; i)fr ds ek/;e ls lexz folrklj djrs gq, ?kjsyw ,oa vUrjkZ"Vªh; cktkj esa o`f) djuk] oSf'od,oa ?kjsyw cktkj esa czk.M fuekZ.k djuk] gFkdj?kk mRiknksa dk foi.ku lqfuf'pr djuk] Lolgk;rk lewgksa ds v/khu cqudjksa dkslaxfBr dj mudk l'kfDrdj.k djuk] izf'k{k.k iznku djuk] {kerk fuekZ.k vkSj c<+h gqbZ ek=k esa m|ferk lg;ksx nsuk] fMtkbugLr{ksi djrs gq, ubZ ,oa lelkef;d fMtkbuksa dh 'kq#vkr djuk vkSj blds lkFk&lkFk mRikn fofo/khdj.k] vuqla/kku ,oafodkl lg;ksx] fj;k;rh njksa ij dPpk eky miyC/k djuk] {kerkvksa esa o`f) djuk] ftueas lkeftd lqj{kk csgrj LokLF;]thou chek] odZ 'ksM~l vkSj lcls egRoiw.kZ lqyHk _.k miyC/krk fuEu C;kt nj ij lqfuf'pr djuk vkfn 'kkfey gSA

bls ns[krs gq;s] ckgjoha iapo"khZ; ;kstuk ds nkSjku dk;kZfUor djus gsrq fuEufyf[kr ;kstuk;sa vuqeksfnr dh x;h gS %&jk"Vªh; gFkdj?kk fodkl dk;Zdze %

,u,pMhih dk;ZØe dsUnzh; izk;ksftr dk;Zdze ds :i esa gFkdj?kk ds fodkl gsrq dk;kZfUor fd;k tk jgk gS vkSj bldsfuEufyf[kr ?kVd gSA

lexz gFkdj?kk fodkl ;kstuk ¼X;kjoha iapo"khZ; ;kstuk dh rhu ;kstuk;sa dk bl ;kstuk esa foy; dj fn;k x;k gSA;g ;kstuk;sa ,dhd`r gFkdj?kk fodkl ;kstuk] foi.ku ,oa fu;kZr lao/kZu ;kstuk vkSj fofo/khd`r gFkdj?kk fodkl ;kstuk Fkh½A

gFkdj?kk {ks= ds fy, iqu% izorZu] lq/kkj ,oa iquxZBu ¼vkj-vkj-vkj-½ iSdst ykxw fd;k x;k gSA blds vUrxZrgFkdj?kk lfefr;ksa ,oa O;fDrxr cqudjksa ds _.kksa esa NwV iznku djuk rFkk fj;k;rh _.k iznku djuk gSAgFkdj?kk cqudj lexz dY;k.k ;kstuk %

gFkdj?kk fodkl vk;qDr ds dk;kZy; }kjk gFkdj?kk cqudj O;kid dY;k.k ;kstuk ykxw dh xbZ gSA ftlds fuEufyf[krnks ?kVd gSa%&i) gFkdj?kk cqudjksa vkSj muds ifjokjkas dks LokLF; lsok;sa iznku djusa gsrq LokLF; chek ;kstuk ¼,pvkbZ,l½ii) gFkdj?kk cqudjksa dks LokHkkfod@nq?kZVuk tU; ekSr gksus] nq?kZVuk ds dkj.k iw.kZ@vkaf'kd fodykaxrk dh fLFkfr eas chek lqj{kk iznku djus gsrq egkRek xka/kh cqudj chek ;kstuk ¼,ethchchokbZ½Alwr vkiwfrZ ;kstuk %

bl ;kstuk dk mn~ns'; jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ek/;e ls fey xsV ewY; ij ik= gFkdj?kk cqudjksadks lHkh izdkj ds lwr miyC/k djkuk gSA bl ;kstuk ds vUrxZr Hkkjr ljdkj lwr vkiwfrZ ds ifjogu ls lacaf/kr O;; dhizfriwfrZ djrh gS] fMiks ifjpkyu izHkkj iznku djrh gS vkSj lwrh gSad lwr] ?kjsyw js'ke rFkk ifjek.k lhekvkas ds vUrxZr Åuds ewY; ij 10% lfClMh iznku djrh gSA

ckjgoha iapo"khZ; ;kstuk ds nkSjku ;g funsZ'k fn;k x;k gS fd ,u,pMhlh 10 lwr fMiks&lg&Hk.Mkj xzgksa dh LFkkiuk djsaa]rkfd udnh vk/kkj ij mi;ksxdrkZvksa dks Bhd le; ij vkiwfrZ lqfuf'pr dh tk lds vkSj blds lkFk gh mu O;fDrxr cqudjksadk Hkh /;ku j[kk tk lds ftUgsa vYi ek=k es lwr dh vko';drk gSA bl rjg ds ik¡p fMiks vc rd [kksys tk pqds gSaA2- 'kfDr ,oa nqcZyrk;as %

vius 06 {ks=h; dk;kZy;ksa] 2 tksuy dk;kZy;kas rFkk 32 'kk[kk dk;kZy;ksa ds ek/;e ls ns'k ds 29 jkT;ksa@dsUnz'kkflrizns'kksa esa fuxe dk jk"Vªh; usVodZ gSA gFkdj?kk {ks= esa vU; fdlh laLFkk dk ns'k esa bruk foLr`r usVodZ ugh gSA yPNh lwrdh njksa dks lUrqfyr j[kusa ds fy, lwr cktkj ij izkbosV O;kikfj;ksa dk ,dkf/kdkj lhfer djus esa] fuxe dh mifLFkfr] cktkj

41

ANNEXURE TO DIRECTORS' REPORT

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

1. HANDLOOM SCENARIO :

The handloom sector is one of the largest unorganized economic activities after agricultureand constitutes an integral part of the rural and semi-rural livelihood which provides direct and indirectemployment to more than 43 lakh weavers and allied workers. With the vision to achieve the objective of faster, more inclusive and sustainable growth of handloomsector, the Government of India is adopting focused, flexible and holistic approach during 12th Plan tomeet the challenges of domestic and global market, expansion of overall market through competitivepricing to increase domestic and international market share, brand building in global and domestic market,facilitation of marketing of handloom products, empowerment of weaver's by organizing them under selfhelp groups, training, capacity building and enhanced entrepreneurial support, infusion of new andcontemporary designs through design intervention as well as product diversification, R&D support, easyaccess to raw material at subsidized prices, enhancing capabilities including social security, betterhealthcare, life insurance, worksheds and most significantly by ensuring easy credit flow at low interest rate.

In view of this following schemes have been approved for implementation during 12th Plan:

National Handloom Development Programme: NHDP is being implemented as a centrally sponsoredprogramme for development of handlooms, having following components:-

Comprehensive Handlooms Development Scheme (3 schemes of 11th Plan merged into thisscheme. These schemes were Integrated Handlooms Development Scheme, Marketing and ExportPromotion Scheme and Diversified Handloom Development Scheme).

Revival, Reform and Restructuring (RRR) Package for handloom sector. The scheme provideswaiver of loan of handloom societies, individual weavers and concessional credit.

Handloom Weavers Comprehensive Welfare Scheme:

The Office of the Development Commissioner for Handlooms has been implementing Handloom WeaversComprehensive Welfare Scheme having two components:

i) Health Insurance Scheme (HIS) for providing health care facilities to the handlooms weavers and their families.

ii) Mahatma Gandhi Bunkar Bima Yojana (MGBBY) for providing life insurance cover to the handloom

weavers in case of natural/ accidental death, total/ partial disability due to accident

Yarn Supply Scheme :

The objective of the scheme is providing all types of yarn to the eligible handloom weavers at mill gateprice through National Handloom Development Corporation Ltd. Under this scheme, the Government ofIndia reimburses the transportation expenses involved in the supply of yarn, gives depot operating chargesand provides 10% price subsidy on cotton hank yarn, domestic silk and wool with quantity limitations. NHDC has been directed to open 10 yarn depots-cum-warehouses in 12th Plan so as to ensuretimely supplies to the users on cash basis, besides taking care of individual weavers who need yarn insmall quantity. 5 depots have already been opened.

2. STRENGTH AND WEAKNESSES:

Corporation has a national network having presence in 29 States/ Union Territories through 6Regional Offices, 2 Zonal Offices and 32 Branch Offices. No other body in the handloom sector has sucha wide presence in the country. The presence of the corporation serves as an effective tool to intervenethe market so as to restrict the monopolistic character of the private traders, in order to keep the hank

42

esa gLr{ksi dk ,d izHkkoh gfFk;kj gSA fuxe ,d ,sls vlaxfBr {ks= ftlesa xjhc dkjhxj@gFkdj?kk cqudj tks mRd`"V Hkkjrh;lkaLd`frd foLr`r o ijEijkxr ewY;ksa ds oL=ksa dk mRiknu djrs gSa] dh lsok dj lkekftd mRrjnkf;Ro dk ,d viwoZ dk;Zdj jgk gSA

vkxkeh dqN o"kksZ esa fuxe esa fofHkUu Lrjksa ds dbZ deZpkjh lsokfuo`Rr gks tk;saxs ftlds QyLo:i cuus okys 'kwU;dks Hkjusa ds fy, fuxe us u dsoy e/;orhZ dfeZ;ksa dks mPprj nkf;Ro ogu djus gsrq izf'kf{kr@vuqdwy cukus dh ;kstuk cuk;hgS] cfYd izkjfEHkd o ofj"B Lrj ij vko';drkuqlkj ubZ HkfrZ;ka Hkh dh tk jgh gSaA foxr 10 o"kksaZa esa 2010&11 ls igysubZ HkfrZ;ka ux.; gSaA vk'kk gS laxBukRed vuqHko j[kusa okys fuorZZeku dehZ o ckgjh vuqHko okys u;s dfeZ;ksa ds esy lsfuxe esa u;s tks'k dk lapkj gksxkA

3- lqvolj ,oa vk'kadk;sa %fuxe vHkh gFkdj?kk {ks= ds dqy yPNh lwr mRiknu ds 20% ¼yxHkx½ dh vkiwfrZ dj jgk gSA tcfd dqy yPNh

lwr mRiknu dh 80% [kir djusa okys vuNq;s gFkdj?kk {ksa= rd igqap cukdj dkjksckj c<+kus dh O;kid laHkkouk;sa gSaAbl lEcU/k esa ubZ laLFkkvksa esa o`f) ds }kjk dojst c<+kusa ds iz;kl fd;s tk jgs gSaA

lwr cktkj ,d iw.kZ fodflr cktkj gS tgk¡ futh O;kikfj;ksa ls izfr;ksfxrk djuh gksrh gS tks fd cktkj esa HkyhHkkafrizfrf"Br gS rFkk cqudjksa ds fy, muds ikl csgrj _.k o vU; lqfo/kk;sa gSaA buls izfr;ksfxrk djus ds fy, fuxe eq[;ky;Lrj ij lwr dh njksa dks eaxkrk gS rFkk ml ij eksy Hkko dj o`gn ek=k dh [kjhn ij NwV izkIr djrk gS rkfd gFkdj?kk cqudjksadks og izfr;ksxh@U;wure njksa ij lwr vkiwfrZ dj ldsA ;g njsa fuxe dh osCklkbV ij Hkh ekfld vk/kkj ij nh tkrh gS rkfdgFkdj?kk cqudj laLFkk;sa bUgsa ns[k@tku lds A ifj.kkeLo:i csgrj ikjnf'kZrk cuh jgrh gSSA

4- n`f"Vdksa.k %fuxe dks fo'okl gS fd og fujUrj mUufr dh vksj vxzlj jgrs gq, o"kZ nj o"kZ ubZ Åapkb;k¡ izkIr djsxkA viuh

fLFkfr dks etcwr cuk;s j[kusa ds fy, fuxe viuh 'kfDr;kas vkSj nqcZyrkvksa dk vkadyu djrk jgrk gS rFkk mlds vuqlkjviuh O;kikj ;kstuk rS;kj djrk gS ftlls mUufr ds u;s voljksa dks igpku djusa es l{ke jgsxkA

5- {ks=okj rFkk mRiknuokj dk;Z fu"iknu %gFkdj?kk {ks= dks vkiwfrZ fd;s tkus okyk eq[; dPpk eky] lwr gS rFkk ;gh fuxe ds dkjksckj dk Hkh eq[; {ks=

gSA o"kZ 2012&13 esa fuxe ds dqy dkjksckj esa lwr vkiwfrZ dk ;ksxnku 98-39% Fkk ftlesa o"kZ 2013&14 esa ekewyhfxjkoV gksdj 98-01% jg x;k gSA jax o jlk;u vkiwfrZ ls lEcfU/kr djksckj o"kZ 2012&13 esa 1-52% ls c<+dj o"kZ2013&14 esa 1-94% gks x;k gS fuxe ds dk;Z lapkyu dk [k.Mokj fo'ys"k.k fuEuor~ gS%

6- vkarfjd fu;a=.k iz.kkyh o mldh i;kZIrrk % fuxe }kjk viusa vkdkj ds leuq:i vkaarfjd fu;a=.k iz.kkyh fodflr dh xbZ gSA vkarfjd fu;a=.k dks vf/kd izHkkohcukus ds fy, O;kid vkUrfjd ys[kk ijh{kk fu;ekoyh ds vfrfjDr vkUrfjd ys[kk ijh{kdksa dks le;≤ ij vko';drkuqlkj

¼#- djksM+½ Ø- la {ks=@mRikn 2013&14 2012&13

dkjksckj izfr'kr djksckj izfr'kr 1- lwr 1803-50 98-01% 1353-29 98-39%

2- jax o jlk;u 35-69 1-94% 20-90 1-52%

3- oL= 0-84 0-05% 1-28 0-09%

dqy 1840-03 100-00% 1375-47 100-00%

43

yarn rates within a reasonable level. Corporation serves a noble cause of social responsibility by cateringto a sector, which consists of poor artisans/ handloom weavers in unorganised sector, engaged in theproduction of items of high cultural heritage and traditional value of Indian culture.

Few employees are going to superannuate at various levels in the next few years. To fill the vacuum

that may be created by the superannuation of the employees at various levels, corporation has planned

not only to train/ gear up its middle level executives to take up the higher responsibilities but also makingfresh recruitments at the induction level as well as senior levels depending upon the requirements. Duringthe last 10 years prior to the year 2010-11, the recruitment of fresh employees is negligible. It is hoped thatthe fresh recruitment will imbibe new blood in the corporation with a better mix of existing employeeshaving organisational experience and new employees with outside experience.

3. OPPORTUNITIES AND THREATS :

Presently, the corporation is catering to 20% (approximately) of the total hank yarn production tothe handloom sector and there is a large scope to expand the business by reaching the untapped handloomsector consuming 80% of the total hank yarn production. In this regard the efforts are being made toincrease the coverage by accessing new agencies.

The yarn market is well developed and there is a competition with the private traders which arealready well established and offer comparatively better credit and other facilities to the weavers. To combatthe same, the corporation is obtaining and negotiating the yarn rates centrally at head office for bulkquantity discounts with a view to provide yarn to the handloom weavers at competitive/ lowest rates.Rates are placed on the corporation's website as well on monthly basis for access by the handloomweavers' agencies, resulting in better transparency.

4. OUTLOOK :

The corporation believes that it will continue to be on its growth platform achieving new heightsyear by year. To further strengthen its position the corporation keep re-assessing its strengths andweaknesses and preparing its business plan accordingly which shall enable the corporation to identify itsnew growth area.

5. SEGMENT-WISE AND PRODUCT WISE PERFORMANCE :Yarn, being the main raw material supplied to the handloom sector continues to be the highest

contributor to the turnover of the corporation. Its contribution has decreased marginally from 98.39% ofthe total turnover of the corporation during the year 2012-13 to 98.01% during the year 2013-14. Thepercentage share of the dyes and chemicals has increased from 1.52% during the year 2012-13 to 1.94%during the year 2013-14. The segment wise analysis of the operations of the corporation is placed hereinbelow:

(Rs. in crore)

S.No. Segment/ product 2013-14 2012-13Turnover Percentage Turnover Percentage

1. Yarn 1803.50 98.01% 1353.29 98.39%2. Dyes & chemicals 35.69 1.94% 20.90 1.52%3. Fabric 0.84 0.05% 1.28 0.09%

Total 1840.03 100.00% 1375.47 100.00%

6. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY :The corporation has evolved a system of internal control commensurate with the size of the

corporation. In order to make the internal control more effective, besides comprehensive internal audit



44

u, tkap fcUnqvksa dk lq>ko Hkh fn;k tkrk gSA fuxe dh vkarfjd ys[kk ijh{kk] fuxe ds vkarfjd ijh{kk ny rFkk ckgjh Loraa= pkVsZM,dkmUVsUV }kjk dh tkrh gSA ys[kk ijh{kk lfefr ds fu.kZ;kuqlkj izR;sd o"kZ {ks=h; dk;kZy;ksa dh ys[kk ijh{kk vkarfjd ys[kk ijh{kk foaxrFkk ckgjh foax }kjk ckjh&ckjh ls dh tkrh gS ys[kk ijh{kk lfefr }kjk vkfof/kd :i ls vkUrfjd ys[kk ijh{kk rFkk ys[k ijh{kk iz.kkyhdh leh{kk dh tkrh gS rFkk fujarj lq/kkj ds fy, tgk¡ vko';d gSa ogk¡ lq/kkj ds mik; fd, tkrs gSaA7- dk;Z lapkyu ds laca/k esa foRrh; fu"iknu ij ppkZ %

foxr o"kZ dh rqyuk esa fuxe ds VuZ vksoj ds 34% c<ksRrjh gqbZ gS ;g foRrh; o"kZ 2012&13 esa #- 1375-47 djksM+Fkk tks fd foRrh; o"kZ ds 2013&14 esa #- 1840-03 djksM+ gks x;kA

VuZ vksoj es c<+ksRrjh ds dkj.k] dj iwoZykHk esa 78% dh c<+r gqbZ gS ;g foRrh; o"kZ 2012&13 esa #- 10-32djksM+ Fkk tks fd foRrh; o"kZ ds 2013&14 esa c<+dj #- 18-39 djksM+ gks x;k gS rFkk dj i'pkr 'kq) ykHk eas 73%dh o`f) gks x;h gS tks fd foRrh; o"kZ 2012&13 esa #- 6-97 djksM+ Fkk rFkk ;g foRrh; o"kZ 2013&14 esa VuZ vksojesa c<+ksRrjh ds dkj.k #- 12-03 djksM+ gks x;k gSA fuxe dk 'kq) ewY; foRrh; o"kZ 2012&13 ds #- 40-22 djksM+ lsc<+dj foRRkh; o"kZ 2013&14 esa #- 49-17 djksM+ gks x;k gSA

fuxe ds iwathxr <kaps esa dkbZ ifjorZu ugha gqvk gS o"kZ 2013&14 essa iznRr iwath #- 19 djksM+ ds izfr #- 100@&ds 19 yk[k bfDoVh 'ks;j gSaA pwafd fuxe lkekftd mn~ns'; ds fy, dke dj jgk gS] vr% mlusas #- 2-41 djksM+ ds ykHkka'kdh laLrqfr dh gS tks fd bfDofV dk 12-68% gS rFkkfi ykHkka'k] 'kq) ykHk dk 20-03% gSA

lkoZtfud m|e O;wjks }kjk fuxe dks o"kZ 2012&13 esa ^mRd`"V* Js.kh nh xbZ gS ;|fi le>kSrk Kkiu ¼,evks;w½ewY;kadu ekid ds vk/kkj ij o"kZ 2013&14 gsrq fuxe ds dk;Z fu"iknu dks ^mRd`"V* Js.kh esa ekuk x;k gSA

;g vR;Ur larks"k dk fo"k; gS fd fuxe ,d _.keqDr fuxe gS rFkk viuh dk;Z'khy iwaath dh vko';drk dks viusvkarfjd lalk/kuksa ls iwjk djusa esa l{ke gSA8- fu;ksftr O;fDr;ksa dhla[;k lfgr ekuo lalk/ku fodkl %

fuxe dk iwjk /;ku vius dfeZ;ksa dh dk;Z{kerk ij dsfUnzr jgrk gS A fuxe dfeZ;ksa dh dk;Zdq'kyrk esa o`f) ds fy,rduhfd] izcU/kdh; rFkk lwpuk izkS|ksfxd ij fofHkUu dk;ZØeksa dk vk;kstu fd;k x;kA o"kZ 2013&14 ds nkSjku] fofHkUuizf'k{k.k@xksf"B;ksa esa fuxe ds 77 ¼foxr o"kZ&79 dehZ½ dkfeZdksa dks ukfer fd;k x;kA

31 ekpZ] 2014 dks fuxe ds dqy dfeZ;ksa dh la[;k 193 ¼foxr o"kZ&199½ gSA o"kZ ds nkSjku dfeZ;ksa ds lkFklEcU/k ln~Hkko ,oa lkSgknZiw.kZ jgsA9- uSxfed lkekftd mRrjnkf;Ro¼lh ,l vkj½ %

lh,lvkj ls lEcfU/kr Mh-ih-bZ- fn'kkfunsZ'kksa ds vuqlkj fuxe us o"kZ 2013&14 ds nkSjku lh ,l vkj dk;Zdykitkjh j[kk vkSj chih,y gFkdj?kk cqudjksa ds ,ssls cPpksa dks Nk=o`fRr iznku dh ftUgksusa 10 oha ,oa 12 oha d{kk mRRkh.kZ dj yhFkhA lkFk gh] ,sls es/kkoh Nk=ksa dks Hkh ;g lqfo/kk miyC/k Fkh tks vkbZvkbZvkbZ,pVh ls gFkdj?kk izks|kSfxdh esa fMIyksek dj jgsFksA ,slk djusa ds bPNqd Fks vFkok vle] vksfM'kk] if'pe caxky] jktLFkku ls dsjy] dukZVd] rfeyukMq ,oa QS'ku izkS|ksfxdhlaLFkkuksa ls fMtkbu@QS'ku lacaf/kr dk;Z esa fMIyksek dj jgs Fks vFkok bPNqd FksA

fuxe usa o"kZ ds nkSjku bl mn~ns"; gsrq #- 36-20 yk[k dh jkf'k ¼foxr o"kZ&#- 9-95 yk[k½ bl mn~ns'; gsrq O;;fd;k gSA mDr jkf'k xr o"kZ dh djksRrj ykHk ¼ih , Vh½ dk 5-19% ¼foxr o"kZ&3-53%½ curh gSA bl ;kstuk esa 'kkfeyykHk xzkfg;ksa dh la[;k 278 ¼foxr o"kZ&335½ gSA10- lpsrd fooj.k %

izcU/ku fopkj&foe'kZ ds fooj.k rFkk fuxe ds mn~ns';ksa] iz{ksi.kksa rFkk izR;k'kkvksa dk o.kZu djrs gq, nh xbZ fo'ys"k.k fjiksVZ]fof/k fofu;eu ds iz;ksT; vFkZ esa Hkkoh izR;k'kk dk oDrO;* gks ldrh gSA buesa vfHkO;Dr fd;s x;s vFkok miyf{kr fd;s x;s fooj.kls okLrfod ifj.kke dkQh fHkUu gks ldrs gSA fuxe ds dk;Zlapkyu dks izHkkfor dj ldus okyh ifjfLFkfr;ksa esa Hkkjr dh jktuSfrdrFkk vkfFkZd fLFkfr;ksa rFkk gFkdj?kk dk;Zdykiksa esa Hkkjh myVQsj ftuds dkj.k fof/kd dk;Zokgh dh vko';drk iM+s 'kkfey gSA

45

outside independent Chartered Accountants. As per the decision of the Audit Committee, the head officeand regional offices of the corporation are audited by the internal audit wing and outside CharteredAccountants alternatively every year. The internal control and audit systems are being reviewed periodicallyby the Audit Committee and corrective measures are taken, wherever necessary, for continuousimprovement.

7. DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:

The turnover of the corporation has gone up by 34% over the previous year from Rs.1375.47 crorein the FY 2012-13 to Rs.1840.03 crore in the FY 2013-14.

The profit before tax has gone up by 78% from Rs. 10.32 crore in the FY 2012-13 to Rs. 18.39 crorein the FY 2013-14 and the net profit after tax has gone up by 73% from Rs. 6.97 crore in the FY 2012-13to Rs.12.03 crore in the FY 2013-14 on account of increase in turnover. The net worth of the corporationhas gone up from Rs. 40.22 crore in the FY 2012-13 to Rs. 49.17 crore in the FY 2013-14.

The capital structure of the corporation remained unchanged with the paid up capital of Rs.19 croredivided into 19 lac equity share of Rs.100/- each in the FY 2013-14. Since, the corporation has beenworking with social objective, it has recommended a dividend of Rs.2.41 crore being 12.68% of equity.However, the dividend payout as a percentage of Net Profit comes to 20.03%.

The performance of the Corporation has been rated as 'Excellent' by the Department of PublicEnterprise (DPE) for the year 2012-13. However, for the year 2013-14, the performance of the corporationqualifies 'Excellent' rating based on the Memorandum of Understanding (MOU) measurement criteria.

It is a matter of great satisfaction that the corporation is a debt free corporation and is able tomanage its entire working capital requirement from its internal resources.

8. DEVELOPMENT IN HUMAN RESOURCE INCLUDING NUMBER OF PERSONS EMPLOYED :

Employees' efficiency has been the key focus of the corporation. Various training programmes intechnical, managerial and IT areas are organized for upgrading the skills of the employees of the corporation.Total 77 employees (Previous year - 79 employees) have been nominated for different types of trainings/seminars during the year 2013-14.

Total no. of employees of the corporation as on 31st March, 2014 is 193 (Previous year-199 nos.).Employees' relation during the year remained harmonious and cordial.

9. CORPORATE SOCIAL RESPONSIBILITY (CSR) :

As per DPE guidelines on CSR, the corporation continued the CSR activity during the year 2013-14and provided scholarship to the children of BPL handloom weavers who had passed 10th and 12th standardand/ or to the meritorious students who were pursuing/ desiring to pursue the Diploma in HandloomTechnology from IIIHT or Diploma in Design/ Fashion related work from Institutes of Design/ FashionTechnology in the states of Assam, Odisha, West Bengal, Rajasthan, Kerala, Karnataka, Tamilnadu,Andhra Pradesh and Uttar Pradesh through their respective institutes.

Corporation has spent an amount of Rs.36.20 lac (Previous year-Rs.9.95 lac) for this purposeduring the year, which comes to 5.19% (Previous year 3.53%) of Profit after Tax (PAT) of the preceding

year. The number of beneficiaries covered is 278 (Previous year-335).

10. CAUTIONARY STATEMENT:

Statements in the Management Discussion and Analysis Report describing the corporation's objectives,

projections and expectations may be 'forward looking statements' within the meaning of applicable laws and

regulations. The actual results may, however, differ substantially or materially from those expressed or

implied. Important developments that could affect the corporation's operations include significant changes

in the political and economic environment in India that involves litigations and handloom activity in the country.

46

funs'kdks ds izfrosnu dk vuqyXudfoRrh; o"kZ 2013&14 gsrq ys[kk ds laca/k esa lkafof/kd ys[kk ifj{kdksa dh fVIif.k;ksa ij

funs'kd e.My dk mRrj

Ø-la- lkafof/kd ys[kk ijh{kdksa dh fVIif.k;k¡ funs'kd e.My dk mÙkj

ys[kk ijh{kk izfrosnu dk ifjPNsn&33-¼d½ {ks=h; dk;kZy; dUuwj ds ys[kk ijh{kdksa us viuh fjiksVZ esa

;g ladsr fn;k gS fd O;kikj Hkqxrkuksa ls lEcfU/kr 'ks"kjkf'k] xzkgdksa ls vfxze] _.k ,oa vfxzeksa rFkk fofo/knsunkjksa ds lEcU/k] esa fjiksVZ ds uksV 05 ds lUnHkZ esa]iqf"Vdj.k visf{kr Fkk rFkk ;s lesfdr okf"kZd foÙkh;fooj.kksa ds uksV la[;k 07] 16 dk vax FksA

¼[k½ ys[kk cfg;ksa ds vuqlkj {ks=h; dk;kZy; dUuwj dsoylwr esa gh Mhy dj jgk gS rFkkfi fcØh dj lEcU/khekfld foojf.k;ksa ds lR;kiu ls ;g irk pyk gS fdjax vkSj jlk;uksa dks Hkh lekfgr dj fy;k x;k gS fdbu jaxksa o jlk;uksa dks fcØh] [kjhn izkfIr;ksa vkSjHkqxrkuksa dh {ks=h; dk;kZy; dk;sEcVwj dh ys[kk cfg;ksaesa 'kkfey fd;k x;k gSA

'ks"k jkf'k dh iqf"Vdj.k dh lrr~ izfØ;k gSA orZeku izfrosnuvof/k ds vUr esa] o"kZ ds vUr ls lEcfUI/kr 'ks"k jkf'k;ka lHkhnsunkjksa o ysunkjksa dh iq"Vhdj.k gsrq izsf"kr dh x;h gSA rFkkfilacaf/kr {ks=h; dk;kZy;ksa ds vfUre okf"kZd foRrh; fooj.kksa dksrS;kj djus rd izkIr iq"Vhdj.k dks lesfdr foRrh; fooj.kksads ys[kk fVIif.k;ksa dh fVII.kh 7 vkSj 16 esa fjiksVZ fd;k x;kgSAfuxe dh jax vkSj jlk;u xfrfof/k dks nks {ks=ksa esa foHkkftrfd;k x;k gS] vFkkZr~ mRrj {ks=&ikuhir rFkk nf{k.k {ks=&fr:iqjArFkkfi ys[kk mnn~';ksa ds fy, mRrj {ks= ikuhir ds foRrh;fooj.kksa dk foy; {ks=h; dk;kZy; ikuhir dh lwr xfrfof/k esadj fn;k x;k gS tcfd nf{k.k {ks= fr:iqj dh xfrfof/k dkfoy; {ks=h; dk;kZy; dks;EcVwj esa dj fn;k x;k gSAdsjy jkT; dh lwr xfrfof/k {ks=h; dk;kZy;&dUuwj ds v/khuvkrh gS] ijUrq jax vkSj jlk;u xfrfof/k nf{k.k {ks=&fr:iqjvFkkZr~ {ks=h; dk;kZy;&dks;EcVwj ds varxZr vkrh gS dsjyjkT; esa lwr vkSj jax vkSj jlk;u xfrfof/k;ksa nksuksa ds lacaèkesa fcØh dj fooj.kh dUuwj ¼dsjy½ dk;kZy; ls Qkby dhtkrh gS] ijUrq jax vkSj jlk;u xfrfof/k dk ys[kk&tks[kknf{k.k {ks=&fr:iqj vFkkZr~ {ks=h; dk;kZy; dks;EcVwj ds varxZrfd;k tkrk gSAbl rF; dks lkafof/kd ys[kk ijh{kdksa }kjk Hkh iz/kku dkdk;kZy; Lrj ij fuxe ds lEiw.kZ :i esa lesfdr foRrh;fooj.kksa dks vfUre :i nsrs le; lR;kfir fd;k x;k gSA

fnukad % 01 flrEcj] 2014LFkku % ubZ fnYyh

d`rs funs'kd e.My dh vksj lsg0@&

¼fnus'k dqekj½v/;{k

47

ANNEXURE ANNEXURE ANNEXURE ANNEXURE ANNEXURE TTTTTO O O O O THE DIRECTTHE DIRECTTHE DIRECTTHE DIRECTTHE DIRECTORS’ORS’ORS’ORS’ORS’ REPOR REPOR REPOR REPOR REPORTTTTT

REPL REPL REPL REPL REPLY OF Y OF Y OF Y OF Y OF THE BOTHE BOTHE BOTHE BOTHE BOARD OF DIRECTARD OF DIRECTARD OF DIRECTARD OF DIRECTARD OF DIRECTORS ON ORS ON ORS ON ORS ON ORS ON THE COMMENTS OFTHE COMMENTS OFTHE COMMENTS OFTHE COMMENTS OFTHE COMMENTS OF

THE STTHE STTHE STTHE STTHE STAAAAATUTTUTTUTTUTTUTORORORORORY Y Y Y Y AAAAAUDITUDITUDITUDITUDITORS ON ORS ON ORS ON ORS ON ORS ON THE THE THE THE THE AAAAACCOUNTS FOR CCOUNTS FOR CCOUNTS FOR CCOUNTS FOR CCOUNTS FOR THE FY 2013-14THE FY 2013-14THE FY 2013-14THE FY 2013-14THE FY 2013-14

Reply of the Board of Directors

The balance confirmation is a continuous process.The year end balances as at the end of currentreporting period has been sent to all the creditorsand debtors for confirmation, however, theconfirmation received till the preparation of finalannual financial statements of Regional Officesconcerned has been reported in Note-7 and 16 ofNotes on Accounts to the consolidated financialstatements.

The dyes & chemicals activity of the corporationis divided into two zones i.e. North Zone– Panipatand South Zone–Tirupur. However, for accountingpurposes the financial statements of North Zone–Panipat are merged with yarn activity of RegionalOffice–Panipat and that of South Zone–Tirupurwith Regional Office–Coimbatore.

The yarn activity of Kerala state comes underRegional Office–Kannur but the dyes & chemicalsactivity comes under South Zone–Tirupur i.e.Regional Office–Coimbatore. The sales tax returnof Kerala state for both yarn and dyes & chemicalsactivities, is filed from Kannur (Kerala) office, butaccounting of dyes & chemicals activity is doneunder South Zone –Tirupur i.e. Regional Office–Coimbatore.

This fact has been verified by the Statutory Auditorsalso while finalising the consolidated financialstatements of corporation as a whole at HeadOffice.

S.No. Comments of Statutory Auditors

Para 3 of the Auditor’s Report:

3. (a) The Auditors of Regional Office Kannurhave indicated in their report that thebalance in respect of some of the tradepayables, advance from the customers,loans & advances and sundry debtorswere subject to confirmation withreference to Note No. 5 of their Reportand Note No. 7, 16 forming part ofConsolidated Annual FinancialStatements.

(b) As per the books of accounts, RegionalOffice Kannur is dealing only with theYarn. However, on the verification of saletax monthly returns of Dyes andChemicals are also seen included. It hasbeen explained to the Branch Auditor thatsale, purchases, receipts and paymentsof these Dyes and Chemicals areaccounted in the books of accounts ofRegional Office, Coimbatore.

FOR AND ON BEHALF OF BOARD OF DIRECTORSSd/-

( Dinesh Kumar )ChairmanDated: 01st Sept., 2014

Place: New Delhi

48

Lora= ys[kk ijh{kdksa dk çfrosnulsok esa]lnL;x.kjk"Vªh; gFkdj?kk fodkl fuxe fyfeVsMy[kuÅ

foÙkh; fooj.kksa dk çfrosnugeus jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] y[kuÅ ds layXu foÙkh; fooj.kksa ftlds vUrxZr 31 ekpZ 2014

rd ds fLFkfr i=d vkSj ml fnukad dks lekIr gq;h vof/k ds ykHk o gkfu ds ys[kksa rFkk udnh izokg ,oa egRoiw.kZ ys[kk uhfr;ksads lkjka'k rFkk vU; O;k[;kRed lwpukvksa dh ys[kk ijh{kk dh gSA

06 {ks=h; dk;kZy; ds ys[kksa dh ijh{kk ljdkj ds egkys[kk fu;a=d }kjk cuk;s x;s fofu/kku ds vuqlkj 'kk[kk ys[kkijh{kdksa }kjk dh x;h gSA eq[;ky; rFkk eq[;ky; ds lesfdr ys[kksa dh ijh{kk gekjs }kjk dh x;h gSA 'kk[kk ys[kk ijh{kdksa dsizfrosnuksa rFkk eq[;ky; esa miyC/k djk;h x;h tkudkjh vkSj ,sls vU; fooj.kksa dks Hkh /;ku esa j[kk x;k gSA {ks=h; dk;kZy;ds lkafof/kd ys[kk ijh{kdksa dk fooj.k uhps bafxr gS %&

Ø-la- {ksf=; dk;kZy; dk uke lkafof/kd ys[kk ijh{kdksa ds 'kk[kk dk uke o irk1- jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] es- tktZ ,.M jsxh pkVsZM ,dkmUVsaV~l] ch-ch- dkEiysDl] lkmFk

dUuwj cktkj] dUuwj&6700022- jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] es- vkj- rqyfl;u ,.M dEiuh PkkVsZM ,dkmUVsaV~l] 7@1 lh

dksydkrk trhUæ eksgu ,oU;w] dksydkrk&7000063- jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] es- d".kk vuqjkx ,.M dEiuh PkkVsZM ,dkmUVsaV~l] lh 27@273&lh&

okjk.klh 14] izFke ry] bf.M;u izsl dkyksuh] eynfg;k] okjk.klh&221002

4- jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] es- ts- ds- oekZ ,.M dEiuh PkkVsZM ,dkmUVsaV~l] 191] ,Q ,Q]ikuhir gwMk] lsDVj&11&12 Qst+&II] ikuhir ¼gfj;k.kk½ &132103

5- jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] es- Mh- ds- jko ,.M dEiuh PkkVsZM ,dkmUVsaV~l] 402 iz'kkaFk VkojgSnjkckn IykV ua-&8] Jh fuokl uxj] (w) gSnjkckn&500038

6- jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] es- th-th-,- ,.M ,lksfl;sV~l PkkVsZM ,dkmVsaV~l] ua-&62] dksUMklkehdks;EcVwj ysvkmV dkyhnkl jksM] jkeuxj] dks;EcVwj&641009

eq[;ky; rFkk eq[;ky; ds lesfdr ys[kksa dh ijh{kk gekjs }kjk dh x;h gSA 'kk[kk ys[kk ijh{kdksa ds izfrosnuksa rFkk eq[;ky;esa miyC/k djk;h x;h tkudkjh vkSj ,sls vU; fooj.kksa dks Hkh /;ku esa j[kk x;k gSA

49

INDEPENDENT AUDITOR’S REPORT

To,

The Members,

National Handloom Development Corporation Limited,

Lucknow

Report on the Financial Statements

We have audited the accompanying financial statements of National Handloom Development

Corporation Limited, Lucknow which comprise of Balance Sheet as at 31st March, 2014 and the

Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and a summary of

significant accounting policies and other explanatory information.

The audit of Accounts of 6 Regional Offices has been carried out by the Branch Auditors in

accordance with the allocation made by the Comptroller and Auditor General of India (C&AG). The details

of Regional Office Statutory Auditors Have been indicated as under:-

Sl. No. Name of the Regional Name & Address of the Branch

Office Statutory Auditors

1. National Handloom Development M/s. George & Regi, Chartered Accountants,

Corporation Limited, Kannur B.B. Complex, South Bazar, Kannur-670002

2. National Handloom Development M/s. R. Tulsian & Co. Chartered Accountants,

Corporation Limited,Kolkata 7/1C Jatindra Mohan Avenue,Kolkata-700006

3. National Handloom M/s. Krishna Anurag & Co., Chartered

Development Corporation Accountants, C-27/273-C-14, Ist Floor, Indian

Limited, Varanasi Press Colony, Maldahiya, Varanasi-221002

4. National Handloom Development M/s. J.K. Verma & Co., Chartered Accountants

Corporation Limited, Panipat 191, FF, HUDA, Sector-11-12, Phase-II,

Panipat (Hariyana)-132103

5. National Handloom M/s. D.K. Rao & Associates, Chartered

Development Corporation Accountants,402, Prashanth Towers, Plot No-

Limited,Hyderabad 8, Srinivasa Nagar (W) Hyderabad-500038

6. National Handloom Development M/s. GGA & Associates, Chartered

Corporation Limited, Coimbatore Accountants No.62, Kondasamy Layout,

Kalidas Road, Ram Nagar, Coimbatore-641009

We have carried out the Audit of Head Office and Consolidation of Accounts at Head Office. Reports

of Branch Auditors have been taken into consideration together with other particulars and information

made available to us by the Head Office.

50

1- foÙkh; fooj.kksa gsrq izcU/ku dk mÙkjnkf;Ro %bu foÙkh; fooj.kksa dks rS;kj djus dk mÙkjnkf;Ro izcU/ku dk gS tks dEiuh vf/kfu;e 1956 ¼vf/kfu;e½ dh /kkjk 211

dh mi/kkjk ¼3 lh½ esa lanfHkZr ys[kk ekidksa ds vuqlkj dEiuh ds foÙkh; izokg rFkk foÙkh; fu"iknu foÙkh; fLFkfr dh lR;vkSj fu"i{k Nfo izLrqr djsaA bl mÙkjnkf;Ro esa foÙkh; fooj.kksa dh rS;kjh ls lEcfU?kr :i js[kk dk;kZUo;u rFkk vkUrfjdfu;a=.k ls lEcfU/kr vuqj{k.k lfEefyr gS tks fd lR; vkSj fu"i{k] Nfo izLrqr djsa rFkk ;g xyr vkfFkZd fooj.kksa ls eqDrgS tks fd /kks[ksckth ;k xyfr;ksa ds dkj.k gksrs gSaA2- ys[kk ijh{kdksa dk mÙkjnkf;Ro %

gekjk ;g mÙkjnkf;Ro gS fd bu foÙkh; fooj.kksa tks gekjs }kj dh x;h ys[kk ijh{kk ij vk/kfjr gS] ds ckjs esa viusfopkj O;Dr djsaA gekjs }kjk dh xbZ ys[kk ijh{kk bULVhV~;wV vkWQ pkVsZM ,dkmUVsaV~l vkWQ bf.M;k }kjk fuxZr ys[kk ijh{kkekudksa ds vkèkkj ij dh xbZ gSA bu ekudksa esa ;g okafNr gS fd ge uhfrijd vko';drkvksa dk vuqikyu djsa rFkk ys[kkijh{kk dh ;kstuk rFkk mlds fu"iknu gsrq mfpr vk'oklu dks izkIr djsa D;k foÙkh; fooj.k xyr vkfFkZd fooj.kksa ls eqDr gSA

ys[kk ijh{kk esa foÙkh; fooj.k dh /kujkf'k;ksa vkSj izdVhdj.k ls lEcfU/kr ys[kk ijh{kk] lk{; izkir djus dh dk;Zokghdh tkrh gSA izfØ;kvksa dk p;u ys[kk ijh{kdksa dk fu.kZ; gksrk gS ftlesa] foÙkh; fooj.kksa ij vkfFkZd xyr c;kuh] pkgs os/kks[ks vFkok pwd ds dkj.k gq;s gksa] ds tksf[ke dk ewY;kadu djrs le; ys[kk ijh{kk] dEiuh dks foÙkh; fooj.kksa dh rS;kjh rFkklR; rS;kjh ls lEcfU/kr vkUrfjd fu;a=.k dk;Z iz.kkyh ij Hkh fopkj djrk gS rkfd ifjfLFkfr;ksa ds vuqlkj ys[kk ijh{kk dk;Ziz.kkyh cukbZ tk;sA ys[kk ijh{kk esa iz;ksx dh x;h ys[kk uhfr;ksa dh mi;qDr dk ewY;kadu Hkh lfEefyr gSA

gesa fo'okl gS gekjh ys[kk ijh{kk er dks ,d vk/kkj miyC/k djkus ds fy;s gekjs }kjk izkIr fd;s x, ys[kk ijh{kk lk{;i;kZIr rFkk leqfpr gSA

3- l'krZ fopkj dk vk/kkj %¼d½ {ks=h; dk;kZy; dUuwj ds ys[kk ijh{kdksa us viuh fjiksVZ esa ;g ladsr fn;k gS fd O;kikj Hkqxrkuksa ls lEcfU/kr

'ks"k jkf'k] xzkgdksa ls vfxze] _.k ,oa vfxzeksa rFkk fofo/k nsunkjksa ds lEcU/k] esa fjiksVZ ds uksV 05 ds lUnHkZ esa] iqf"Vdj.k visf{krFkk rFkk ;s lesfdr okf"kZd foÙkh; fooj.kksa ds uksV la[;k 07] 16 dk vax FksA

¼[k½ ys[kk cfg;ksa ds vuqlkj] {ks=h; dk;kZy; dUuwj dsoy lwr esa Mhy dj jgk FkkA ijUrq jax vkSj jlk;uksa ds fcØhdj ls lEcfU/kr ekfld foojf.k;ksa ds lR;kiu dks Hkh 'kkfey dj fy;k x;k FkkA 'kk[kk ys[kk ijh{kd dks ;g rF; Li"V fd;kx;k gS fd bu jaxksa ,oa jlk;uksa dh fcØh] Ø; jlhnksa vkSj Hkqxrkuksa dks {ks=h; dk;kZy; dks;EcVwj dh ys[kk cfg;ksa esa lekfgrfd;k x;k gSA

4- l'krZ fopkj %gekjs fopkj ls vkSj gekjh loksZÙke lwpuk rFkk gesa fn;s x;s Li"Vhdj.kksa ds vuqlkj] l'krZ fopkj ifjPNsn ds vk/kkj

esa mfYyf[kr izdj.k ds izHkkoksa dks NksM+dj] vf/kfu;e }kjk visf{kr tkudkjh foÙkh; fooj.kksa ls vis{kkuqlkj izkIr gksrh gS rFkkos Hkkjr esa lkekU;r% Lohd`r ys[kk fl)kUrksa ds vuq:i lR; vkSj leqfpr fopkj iznku djrs gSaA

¼d½ 31 ekpZ] 2014 dks jk"Vªh; gFkdj?kk@fodkl fuxe fyfeVsM] y[kuÅ dh oLrq fLFkr ls lEcfU/kr lesfdrrqyui= ds lUnHkZ esaA

¼[k½ mDr fnukad dks lekIr gq;s o"kZ ds ykHk&gkfu ds lesfdr fooj.k ds lUnHkZ esa%] rFkk¼x½ mDr fnukad dks lekIr gq;s o"kZ ds udnh izokg ds lesfdr fooj.k ds lUnHkZ esaA

51

1. Management’s Responsibility for the Financial Statements :

Management is responsible for the preparation of these financial statements that give a true and fair

view of the financial position, financial performance and cash flows of the company in accordance with

the Accounting Standards referred to in Sub- Section(3C) of section 211 of the Companies Act, 1956 (“the

Act”). This responsibility includes the design, implementation and maintenance of internal control relevant

to the preparation of the financial statements that give a true and fair view and are free from material

misstatement, whether due to fraud or error.

2. Auditor’s Responsibility :

Our responsibility is to express an opinion on these financial statements based on our audit. We

conducted our audit in accordance with the Standards on Auditing issued by the Institute of the Chartered

Accountants of India. Those standards require that we comply with ethical requirements and plan and

perform audit to obtain reasonable assurance about whether the financial statements are free from material

misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on the auditor’s judgement,

including the assessment of the risks of material misstatement of the financial statements, whether due

to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the

company’s preparation and fair preparation of the financial statements in order to design audit procedures

that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of

accounting policies used and presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis

for our audit opinion.

3. Basis For Qualified Opinion :

a) The Auditors of Regional Office Kannur have indicated in their report that the balance in respect

of some of the trade payables, advance from the customers, loans & advances and sundry debtors were

subject to confirmation with reference to Note No. 5 of their Report and Note No. 7, 16 forming part of

Consolidated Annual Financial Statements.

b) As per the books of, accounts, Regional Office Kannur is dealing only with the Yarn. However,

on the verification of sale tax monthly returns of Dyes and Chemicals are also seen included. It has been

explained to the Branch Auditor that sale, purchases, receipts and payments of these Dyes and Chemicals

are accounted in the books of accounts of RO Coimbatore.

4. Qualified 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, the financial

statements give the information required by the Act in the manner so required and give a true and fair view

in conformity with the accounting principles generally accepted in India:

a) In the case of the Consolidated Balance Sheet, of the state of affairs of the National Handloom

Development Corporation Limited, Lucknow as at 31st March 2014;

b) In the case of the Consolidated Statement of Profit and Loss, of the Profit for the year ended on

that date and

c) In case of the Consolidated Cash Flow Statement, of the cash flows for year ended on that date.

52

5- vU; dkuwuh rFkk fofu;ked vko';drkvksa ij izfrosnui½ vf/kfu;e 227 dh mi/kkjk ¼4 ,½ ds izkfo/kkuksa ds vuqlkj Hkkjr ¼dsUæh;½ ljdkj }kjk tkjh fd;s x;s vkns'k 2003

¼vkns'k½ ¼ys[kk ijh{kdksa dk izfrosnu½ ds vuqlkj ge mDr vkns'k ds vuqPNsn ¼4½ vkSj ¼5½ esa fofufnZ"V ekeyksaij vuqyXud ij ,d fooj.k layXu djrs gSaA

ii½ vf/kfu;e dh /kkjk 227 ¼3½ ds izfo/kkuksa ds vuqlkj ge izfrosnu nsrs gSaaA¼v½ geus og lHkh lwpuk;sa ,oa Li"Vhdj.k izkir dj fy;s gSa tks gekjh tkudkjh vkSj fo'okl ds vuqlkj gekjh

ys[kkijh{kk gsrq vko';d FksA¼c½ gekjs er ls ,oa tSlk fd gekjs }kjk ys[kk cfg;ksa dk ijh{k.k fd;k x;k gS mlds vuqlkj fuxe }kjk ;Fkkfof/k okafNr

ys[kkcfg;ksa dk mfpr j[kj[kko fd;k x;k gSA¼l½ bl fjiksVZ esa mfYyf[kr lesfdr fLFkr i=d] ykHk@gkfu dk ys[kk vkSj udnh izokg fooj.k ys[kk cfg;ksa ls esy

[kkrk gSA¼n½ gekjs er ls lesfdr fLFkr i=d] ykHk@gkfu dk ys[kk vkSj udnh izokg fooj.k bl izfrosnu ls lEcfU/kr

dEiuh vf/kfu;e 1956 dh /kkjk 211 ds vuqPNsn ¼3 lh½ esa lanfHkZr vfuok;Z ys[kk ekudksa dks iwjk djrk gSA¼;½ fnukad 31 ekpZ] 2014 dks funs'kdksa ls izkIr fyf[kr izfrosnuksa ds vk/kkj ij rFkk ftUgsa funs'kdksa ds e.My }kjk

vfHkfyf[kr fd;k x;k gS] dEiuh vf/kfu;e 1956 dh /kkjk 274 dh mi/kkjk ¼1½ ds [k.M ¼th½ esa fufgrizkfoèkkuksa ds vuqlkj ftUgsa 31 ekpZ] 2014 rd funs'kdksa ds :i esa fu;qDr fd;k x;k gS muesa ls dksbZ Hkh funs'kdv;ksX; ugha gSA

d`rs ,- JhokLro ,.M da-pkVsZM ,dkmUVsUV~l

g0@&¼lh , vf[kys'k dqekj JhokLro½

HkkxhnkjlnL;rk la- 089673

QeZ iathdj.k la[;k 511001 lh LFkku % y[kuÅ fnukad % 04-08-2014

53

M. No. 089673

FRN 511001C

Place: Lucknow

Date: 04.08.2014

5. Report on Other Legal and Regulatory Requirements :

i½ As required by the Companies (Auditor’s Report) Order, 2003 (“the Order”) issued by the Central

Government of India in terms of sub section-(4A) of Section 227 of the Act, we give in the Annexure

a statements on the matters specified in the paragraphs 4 and 5 of the order.

ii½ As required by section 227(3) of the Act, we report that:

a) We have obtained all the information and explanations which to the best of our knowledge and

belief were necessary for the purpose of our audit;

b) In our opinion proper books of account as required by law have been kept by the National

Handloom Development Corporation Limited, Lucknow, as far as appears from our examination

of these books;

c) The Consolidated Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement

dealt with by this report are in agreement with the books of accounts;

d) In our opinion, the Consolidated Balance Sheet, Statement of Profit and Loss , and Cash

Flow Statement comply with the Accounting Standards referred to in sub-section (3C) of

section 211 of the Companies Act, 1956;

e) On the basis of written representations received from the directors as on 31st March, 2014,

and taken on record by the board of Directors, none of the Directors is disqualified as on 31st

March 2014, from being appointed as director in terms of clause (g) of sub-section (1) of

section 274 of the Companies Act, 1956.

For A. SRIVASTAVA & CO.

Chartered Accountants

Sd/-

(C A Akhilesh Kumar Srivastava)

Partner

54

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds 31 ekpZ] 2014 dks lekIr o"kZ ds ys[ks ijys[kk ijh{kdksa ds izfrosnu dk vuqyXud ¼gekjs lefrfFk ds izfrosnu ds vuqyXud ds[k.M&1 ds vuqPNsn ^^vU; dkuwuh rFkk fofu;ked ek¡x** esa mYysf[kr½1- ¼v½ fuxe us LFkk;h ifjlEifÙk;ksa dk leqfpr vfHkys[k j[kk gS ftlesa iw.kZ fooj.k ds lkFk&lkFk ifjlEifÙk;ksa dh ek=k

o LFkku dks Hkh iznf'kZr fd;k x;k gSA¼c½ tSlk fd gedks lwpuk iznku dh xbZ gS fd o"kZ ds nkSjku izcU/ku }kjk LFkk;h ifjlEifÙk;ksa dk HkkSfrd lR;kiu djk;k

x;k] gekjs er ls ;g lR;kiu dEiuh ds vkdkj vkSj mldh ifjlEifÙk;ksa dh izd`fr ds vuqlkj mfpr gSA bl lR;kiu esa dksbZ folaxfr ugha ikbZ xbZ gSA

¼l½ o"kZ ds nkSjku fuxe }kjk viuh LFkk;h ifjlEifÙk;ksa ds fdlh egRoiw.kZ fgLls dh fcØh ugha dh xbZ gSA

2- ¼v½ tSlk fd gedks lwfpr fd;k x;k fd o"kZ dh lekfIr ij izca/ku }kjk lEifÙk lwph dk HkkSfrd lR;kiu fd;k x;k FkkA gekjs er ls lR;kiu dh ckjEckjrk mfpr gSA

¼c½ gekjs er ls rFkk gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe dss vkdkj rFkk dkjksckj dh izd`fr dks ns[krs gq, dEiuh }kjk lEifÙk lwph ds HkkSfrd lR;kiu gsrq viuk;h x;h izfØ;k mi;qDr gSA¼l½ gekjs er ls rFkk gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe }kjk lEifÙk lwph ds vfHkys[kksa

dk mfpr j[kj[kko fd;k tk jgk gSA gesa lwfpr fd;k x;k gS fd lEifÙk lwph ds HkkSfrd lR;kiu ds nkSjku dEiuh ds eky esa fdlh izdkj dh folaxfr laKku esa ugha vk;hA

3- gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe }kjk ,slk dEifu;ksa] QkeksZa vFkok vU; ikfVZ;ksa dks dksbZHkh izfrHkwr vFkok vizfrHkwr _.k iznku ugha fd;k x;k gS] ftUgsa dEiuh vf/kfu;e 1956 dh /kkjk 301 ds v/khu j[khxbZ iaftdk esa lwphc) djuk okafNr gksA vr% /kkjk 4 ¼iii½ ¼ch½] 4¼iii½ ¼lh½ ¼iii½ ¼Mh½] 4 ¼iii½ ¼,Q½ rFkk 4 ¼iii½¼th½] fuxe ij ykxw ugha gSA

4- gekjs fopkj ls rFkk gesa nh lwpuk o Li"Vhdj.k ds vuqlkj lEifÙk lwph vkSj LFkk;h ifjlEifÙk;ksa dh [kjhn o lekudh fcØh rFkk lsokvksa ls lacaf/kr vkarfjd fu;a=.k izfØ;k,a dEiuh ds vkdkj ,oa O;kikj dh izd`fr dks iqu%ifjHkkf"krdjus dh vko';drk gSA ys[kk ijh{kk ds nkSjku gesa vkarfjd fu;a=.k dh cM+h nqcZyrkvksa ds lq/kkj esa yxkrkj foQyrkugha fn[kkbZ nh gSA

5- gekjs fopkj ls rFkk gesa nh x;h lwpuk o Li"Vhdj.k ds vuqlkj dEiuh vf/kfu;e 1956 dh /kkjk 301 esa fufnZ"V ,slkdksbZ vuqca/k vFkok le>kSrk ugha fd;k gS ftldh izfo"V mDr vuqPNsn ds varxZr cuk, x, jftLVj esa dh tkuh pkfg,A

6- gekjs er ls rFkk gesa miyC/k djk;h x;h lwpuk ,oa Li"Vhdj.k ds vuqlkj fuxe }kjk turk ls dksbZ tek Lohdkjugha fd;k gS ftlds fy, dEiuh vf/kfu;e 1956 dh /kkjk 58, rFkk 58,, vkSj blds vUrxZr cuk;s fu;e ykxw gksaA

7- tSlk fd gesa Li"V fd;k x;k gS fd dEiuh ds vkdkj ,oa O;kikj dh izd`fr ds vuq:i fuxe dh viuh vkarfjd ys[kkijh{kk dh mi;qDr iz.kkyh gSA

8- tSlk fd gesa lwfpr fd;k x;k gS fd dsUæ ljdkj }kjk dEiuh vf/kfu;e 1956 dh /kkjk 209 ¼1½ ¼Mh½ ds varxZrykxr vfHkys[k j[kuk vknsf'kr ugha gSA

55

1. (a) The Corporation has maintained records showing full particulars, including quantitative details

and situation of its fixed assets.

(b) As informed to us, physical verification of fixed assets has been carried out by the management

during the year, which in our opinion, is reasonable having regard to the size of the corporation

and nature of its assets and no material discrepancies were noticed on such verification.

(c) During the year, the corporation has not disposed off a substantial part of its fixed assets.

2. (a) As informed to us, the physical verification of inventory was conducted by the management at

year end. In our opinion, the frequency of verification is reasonable.

(b) In our opinion and according to the information and explanations given to us, the procedures of

physical verification of inventory followed by the management were found reasonable and

adequate in relation to the size of the corporation and nature of its business.

(c) In our opinion and according to the information and explanations given to us, the corporation is

maintaining proper records of inventory. We were informed that no material discrepancies were

noticed on physical verification of inventory.

3. According to the information and explanations given to us, the corporation has neither taken nor

granted any loans, secured or unsecured from/to companies, firms or other parties covered in the

register required to be maintained under section-301 of the Companies Act, 1956. Hence, the

provisions of clause- 4 (iii)(b), 4(iii) (c), 4 (iii)(d), 4 (iii)(f) and 4 (iii)(g) are not applicable to the

corporation.

4. In our opinion and according to the information and explanations given to us, internal control systems

of the Corporation needs to be redefined to commensurate with the size of the corporation and

nature of the business for purchase of the inventory and fixed assets and for sale of goods and

services. In the course of our audit we have not observed any continuing failure to correct major

weaknesses in internal controls.

5. In our opinion and according to the information and explanation given to us, the corporation has

not entered into any contracts or arrangements referred to in section-301of the Companies Act,

1956 that need to be entered into a register required to be maintained under that section.

6. In our opinion and according to the information and explanations given to us, the corporation has not

accepted any deposits from the public to which the provisions of sections 58A, 58AA or any other

relevant provisions of the Companies Act, 1956 and rules framed there under would be applicable.

7. As explained to us, the corporation has an internal audit system should needs to be further

strengthened to commensurate with the size of the corporation and the nature of its business.

8. We have been informed that the Central Government has not prescribed maintenance of cost

records under section 209(1)(d) of the Companies Act, 1956.

ANNEXURE TO AUDITORS’ REPORT ON THE ACCOUNTS OF NATIONAL HANDLOOMDEVELOPMENT CORPORATION LIMITED FOR THE YEAR ENDED 31.03.2014 (REFERREDTO IN CLAUSE 1 OF PARA OF ‘REPORT ON OTHER LEGAL AND REGULATORYREQUIREMENT” OF OUR REPORT OF EVEN DATE)

56

9- v&dEiuh ds vfHkys[kksa ds vuqlkj fuxe }kjk Hkfo"; fuf/k ns;rkvksa dks deZpkjh Hkfo"; fuf/k ;kstuk ds fy, vius U;kl esa fu;fer tek fd;k x;k gSA gesa nh x;h tkudkjh o Li"Vhdj.k ds vuqlkj lkafof/kd cdk;ksa ds en esa ns; ,slk dksbZ Hkh vfookfnr Hkqxrku tks 31 ekpZ] 2014 rd ns; gks rFkk ns;rk dh frfFk ls Ng ekg dh vof/k ls vf/kd dk gks] cdk;k ugha gSA

c& izca/ku }kjk miyC/k djkbZ xbZ lwpuk vkSj Li"Vhdj.k ds vuqlkj fcØhdj@ vk;dj@ lEifÙkdj@ lsok dj@ lhek 'kqYd@ mRikn 'kqYd@ midj ls lacaf/kr ,sls cdk;s tks fd fookfnr gSa rFkk ftUgsa tek ugha fd;k x;k gS dk fooj.k gS%

lkafof/k dk uke cdk;ksa dh izd`fr /kujkf'k* vof/k Qksje tgk¡ okn yfEcr gS¼#- yk[k esa½

vk;dj vk;dj 0-15 2000-01 ¼ew-o-½ mik;qä vk;dj y[kuÅ ds ikl yafcrvf/kfu;e 1961 0-37 2004-05 ¼ew-o-½ rnSo

0-26 2005&06 ¼ew-o-½ rnSo1-16 2006&07 ¼ew-o-½ rnSo0-20 2011&12 ¼ew-o-½ rnSo

m-iz- O;kikj O;kikj dj 0-70 2008&09 mik;qDr Hkkx&19 y[kuÅ dsdj vf/kfu;e 13-67 2009&10 ikl yafcr

* vk;dj vf/kfu;e 1961 esa fufgr izkfo/kkuksa ds varxZr ns; C;kt dks NksM+dj

10- foÙkh; o"kZ dh lekfIr ij daiuh dks dksbZ lafpr ?kkVk ugha gqvk gS rFkk fjiksVZ vk/khu foÙkh; o"kZ o bl o"kZ ds BhdiwoZorhZ o"kZ ds nkSjku dksbZ udn ?kkVk Hkh ugha gqvk gSA

11- gesa nh x;h tkudkjh o Li"Vhdj.k ds vuqlkj dEiuh] cSadksa foÙkh; laLFkkvuksa ;k _.ki= /kkjdksa dk iqu% Hkqxrku djusesa cdk;knkj ugha gSA

12- gesa miyC/k djkbZ xbZ lwpuk rFkk Li"Vhdj.kksa ds vuqlkj izfrHkwfr;ksa dks ca/kd j[kdj fdlh _.k vfxzeksa dh Lohd`rugha fd;k gSA

13- gesa miyC/k djkbZ xbZ lwpuk rFkk Li"Vhdj.kksa ds vuqlkj fpV Q.M ij ykxw fdlh izdkj dk fo'ks"k lkafof/k izkfo/kkufuxe ij ykxw ugha gSA

14- tSlk fd gesa Li"Vhdj.k iznku fd;k x;k gS] ds vuqlkj dEiuh 'ks;lZ] izfrHkwfr;ksa vkSj vU; fuos'kksa ds O;kikj esa layXuugha gS vr% /kkjk ¼XIV½ ds vuqPNsn 4 dk izkof/kku ykxw ugha gSA

15- gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.kksa ds vuqlkj dEiuh }kjk vU; ikfVZ;ksa gsrq cSad ;k foÙkh; laLFkku ls _.kizkIr fd, tkus ij dksbZ tekur ugha yh xbZ gSA

16- gekjs Kku ,oa fo'okl rFkk gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.kksa ds vuqlkj dEiuh }kjk o"kZ ds nkSjku fdlhHkh izdkj dk vof/k _.k ugha fy;k x;k gSA

57

9. (a) According to the records of the company, the corporation has been regular in depositing Provident

Fund dues with its own Trust for the Employees Provident Fund Scheme. According to the information

and explanations given to us there is no undisputed amount payable in respect of statutory dues

which have remained outstanding as at 31st March, 2014 for the period of more than six months

from the date they become payable.

(b) According to the information furnished to us by the Management, the details of due of Income Tax/

Sales Tax/Wealth Tax/Service Tax/Custom Duty/Excise Duty/Cess which have not been deposited

on account of any dispute are given hereunder:

Name of Nature of Amount* Period Forum where

the Statute the dues (Rs. in Lacs) dispute is pending

Income Tax Income Tax 0.15 2000-01 (AY) Matter pending with

Act, 1961 DCIT, Lucknow

0.37 2004-05 (AY) -do-

0.26 2005-06 (AY) -do-

1.16 2006-07 (AY) -do-

0.20 2011-12 (AY) -do-

UP Trade Trade Tax 0.70 2008-09 Matter pending with

Tax Act DC, Section-19, Lucknow

13.67 2009-10

* Exclusive of interest payable under the provisions of the Income Tax Act, 1961

10. The corporation does not have any accumulated losses as at the end of the financial year and it has

neither incurred any cash losses during the financial under the audit nor immediately preceding

financial year.

11. According to the information and explanations furnished to us, the corporation has not defaulted in

repayment of dues to Banks, Financial Institutions or debenture holders.

12. According to the information and explanations furnished to us, the corporation has not granted any

loans and advances on the basis of security by way of pledge of shares, debentures and other

securities.

13. According to the information and explanations furnished to us, the provisions of any special statute

applicable to chit fund are not applicable to the corporation.

14. As explained to us, the corporation is not dealing or trading in shares, securities, debentures and

other investments. Therefore, the provision of Clause (XIV) of paragraph-4 is not applicable.

15. According to the information and explanations furnished to us, the corporation has not given any

guarantee for loans taken by others from banks and financial institutions.

16. To the best of our knowledge and belief and according to the information and explanations given to

us, no term loan has been availed by the corporation during the year.

58

17- gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.kksa rFkk fuxe ds fLFkr i=d ds lEiw.kZ ijh{k.k ds i'pkr~ ge fjiksVZ djrsgSa fd vYikof/k vk/kkj ij dh xbZ fuf/k;ksa dh mxkgh dk miHkksx izFke n`"V;k fdlh nh?kZdkyhu fuos'k esa ugha fd;k x;k gSA

18- gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.k ds vuqlkj dEiuh }kjk foÙkh; o"kZ ds nkSjku fdlh Hkh izdkj ds 'ks;jksadk vf/kekU; vkoaVu ugha fd;k x;k gSA

19- gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.k ds vuqlkj dEiuh }kjk foÙkh; o"kZ ds nkSjku fdlh Hkh izdkj ds _.k i=ksadks fuxZr ugha fd;k x;k gSA

20- lEijhf{kr foÙkh; o"kZ ds nkSjku dEiuh us lkoZtfud fuxZeksa }kjk fdlh Hkh izdkj dh /ku dh mxkgh ugha dh gSA

21- gekjs }kjk fn, x, ijh{k.k ds vk/kkj ij rFkk gesa miyC/k djkbZ xbZ lwpuk ,oa Li"Vhdj.kksa rFkk fuxe }kjk fdlhHkh izdkj dh /kks[ksckth dh lwpuk ;k fjiksVZ izkIr ugha gqbZ gSA

d`rs ,- JhokLro ,.M da-pkVsZM ,dkmUVsUV~l

g0@&¼lh , vf[kys'k dqekj JhokLro½

HkkxhnkjlnL;rk la- 089673

QeZ iathdj.k la[;k 511001 lh LFkku % y[kuÅ fnukad % 04-08-2014 Date: 04.08.2014

59

17. According to the information and explanations given to us and on overall examination of the Balance

Sheet of the corporation, we report that funds raised on short term basis has, prima facia, not been

used for long term investment.

18. According to the information and explanations given to us, the corporation has not made any

preferential allotment of shares during the year.

19. According to the information and explanations given to us, the corporation has not issued any

debentures during the year.

20. The corporation has not raised any money by way of public issues during the year under audit.

21. On the basis of our examination and according to the information and explanations furnished to us,

no fraud on or by the corporation has been noticed or reported during the year.

For A. SRIVASTAVA & CO.

Chartered Accountants

Sd/-

(CA Akhilesh Kumar Srivastava)

Partner

M. No. 089673

FRN 511001C Place: Lucknow

Date: 04.08.2014

60

fnukad 31 ekpZ] 2014 dks lekIr gq, o"kZ gsrq jk"Vªh; gFkdj?kk fodkl fuxe fy- ds ys[kksaij] dEiuh vf/kfu;e 1956 dh /kkjk 619 ¼4½ ds vUrxZr Hkkjr ds fu;a=d ,oaegkys[kk ijh{kd dh fVIif.k;k¡

dEiuh vf/kfu;e 1956 es fu/kkZfjr foÙkh; izfrosnu <kaps ds vUrxZr 31 ekpZ] 2014 dks lekIr o"kZ ds fy;s jk"Vªh;gFkdj?kk fodkl fuxe fy- ds foÙkh; fooj.k rS;kj djuk izcU/ku dk mÙkjnkf;Ro gSA dEiuh vf/kfu;e 1956 dh /kkjk 619¼2½ ds vUrxZr Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd }kjk fu;qDr fd;s x;s lkafof/kd ys[kk ijh{kdksa dk ;g mÙkjnkf;Ro gSfd dEiuh vf/kfu;e 1956 dh /kkjk 227 ds vUrxZr bu foÙkh; fooj.kksa ij viuh jk; O;Dr djsa tks fd mudh ,dO;kolkf;d laLFkk bULVhV~;wV vkQ pkVsZM ,dkmUVsUV~l vkQ bf.M;k }kjk fu/kkZfjr ys[kk ijh{kk ,oa vk'oklu ds vuqlkj Lora=ys[kk ijh{kk ij vk/kkfjr gSA gesa ;g dguk gS fd ;g dk;Z muds }kjk dj fy;k x;k gSA lUnHkZ gsrq ys[kk ijh{kk izfrosnufnukad 4 vxLr] 2014 dks ns[ksaA

eSaus Hkkjr ds fu;a=d ,oa egkys[kk ijh{kd dh vksj ls ;g fu.kZ; fy;k gS fd 31 ekpZ] 2014 dks lekIr gq;s o"kZ gsrqjk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM ds ys[kksa ij ^lkafof/kd ys[kk ijh{kk dh fjiksVZ dh leh{kk u dh tk;s rFkk blfy;s dEiuhvf/kfu;e 1956 dh /kkjk 619 ¼4½ ij dksbZ Hkh fVIi.kh ugha nh x;h gSA

d`rs Hkkjr ds fu;a=.k ,oa egkys[kk ijh{kd dh vksj lsg0@&

¼lqi.kkZ nsc½okf.kfT;d ijh{kd ds izeq[k funs'kd

ys[kk ,oa insu lnL;] ys[kk ijh{kd] cksMZ&IIubZ fnYyh LFkku % ubZ fnYyh

fnukad % 22-08-2014

61

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER

SECTION 619 (4) OF THE COMPANIES ACT, 1956 ON THE ACCOUNTS OF

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED FOR THE YEAR

ENDED 31st MARCH, 2014.

For and on behalf of the

Comptroller and Auditor General of India

Sd/-

(Suparna Deb)

Principal Director of Commercial Audit

& Ex-office Member, Audit Board-II

New Delhi

The preparation of financial statements of National Handloom Development Corporation Limited for

the year ended 31 March, 2014 in accordance with the financial reporting framework prescribed under the

Companies Act, 1956 is the responsibility of the management of the company. The statutory auditor

appointed by the Comptroller and Auditor General of India under Section 619 (2) of the Companies Act,

1956 are responsible for expressing opinion on these financial statements under section 227 of the

Companies Act, 1956 based on independent audit in accordance with the Standards on Auditing prescribed

by their professional body, the Institute of Chartered Accountants of India. This is stated to have been

done by them vide their Audit Report dated 4 August, 2014.

I, on behalf of the Comptroller and Auditor General of India, have decided not to review the report of

the Statutory Auditors on the accounts of National Handloom Developments Corporation Limited for the

year ended 31 march, 2014 and as such have no comments to make under section 619 (4) of the

Companies Act, 1956.

Place : New Delhi

Dated : 22.08.2014

62

egRoiw.kZ ys[kk uhfr;k¡

ys[kk uhfr;k¡ %foÙkh; fooj.k ,sfrgkfld ykxr ys[kk fl)karksa dEiuh vf/kfu;e 1956 ds izkfo/kkuksa rFkk baLVhV~;wV vkWQ pkVsZM

,dkmUVsUV~l vkQ bf.M;k ¼vkbZlh,vkbZ½ }kjk tkjh iz;ksT; ys[kd ekudksa ds vuqlkj rS;kj fd, x, gSaALFkk;h ifjlEifÙk;k¡ %

vf/kxzghr@Ø; dh xbZ ifjlEifÙk;ksa dk vfHkys[k] Ø; ewY; ds vk/kkj ij fd;k tkrk gSAewY; gzkl ,oa {kfr %

LFkk;h ifjlEifÙk;ksa ij ewY; gzkl] ljy ys[kk fof/k ls izHkkfjr fd;k tkrk gSA gzkl dh x.kuk o"kZ ds nkSjku ifjlEifÙk;ksa esagqbZ o`f);ksa ij vkuqikfrd vk/kkj ij ml o"kZ esa dh xbZ gSA ftl o"kZ esa LFkk;h ifjlEifÙk;ksa dks mi;ksx esa yk;k x;k gS izHkkfjrfd;k x;k gSA vf/kxzghr dh xbZ ,slh ifjlEifÙk;ksa ij 100% ewY; gzkl yxk;k x;k gS ftudk vyx&vyx ewY; #- 5000 ¼#i;sik¡p gtkj ek=½ ls vf/kd ugha gSA dEiuh vf/kfu;e 1956 dh vuqlwph XIV esa fu/kkZfjr ewY; gzkl dh nj dks viuk;k x;kgSA

lEifÙk;ksa ds vxzsuhr ewY; dh tk¡p izR;sd fLFkfr i=d dh frfFk ij dh tkrh gS rkfd ;fn dksbZ {kfr gS rks mldk fu/kkZj.kfd;k tk lds vFkok foxr vof/k;ksa esa Kkr gqbZ {kfr dk ;fn vko';d gks rks foi;;Z fd;k tk ldsAvuqnku %

fof'k"V mís';ksa ds fy, izkIr lgk;rk vuqnku ds le{k fd, x, O;; dks ljdkj ls izkIr fof'k"V vuqnku jkf'k esa rn~uqlkjle;ksftr fd;k x;k gSA ljdkj ls vuqnku izkfIr;ksa ds fuf'pr :i esa izkIr gks tkus dh izR;k'kk esa bls lEHkwfr vk/kkj ij ekU;rknh xbZ gSAlEifÙk lwph %

LVkWd dk ewY;kadu] ykxr ;k 'kq) olwyh ewY; vFkok cktkj ewY; tks Hkh de gks] ds vk/kkj ij fd;k x;k gSA foØ;okilh ds dkj.k vFkok vU; fdlh dkj.k] ekxZLFk eky dks Ø; ewY; ij ewY;kafdr fd;k x;k gSAfoØ; %lwr] jaxksa o jlk;uksa vkSj diM+ksa dk foØ; xzkgdksa dks izsf"kr eky ds ewY; dks n'kkZrk gSAO;; dk oxhZdj.k % leLr vk; o O;; dks LokHkkfod ys[kk 'kh"kksZa ds varxZr ys[kkd`r fd;k x;k gS] tgk¡ vko';d gqvk gS O;; dk vkoaVufdz;kRed vk/kkj ij fd;k x;k gSAvfrns; fcyksa ij C;kt % fu/kkZfjr dh x;h m/kkj dh 'krkZas ds vuqlkj vfrns; fcyksa ij C;kt dks foyafEcr Hkqxrku izkfo/kkfur fd;k x;k gSA olwyu gq, vfrns; C;kt dks vkLFkfxr lEHkwr C;kt ds :i esa n'kkZ;k x;k gSSAfoRr izHkkj % izkfIr dh vfuf'prrk ds dkj.k jax o jlk;u ds xzkgdksa ij yxk;s x;s foRr izHkkj dks izkfIr vk/kkj ij jktLo ekukx;kAlsokfuo`fRr fgrykHkksa dk ys[kkdj.k % ¼v½ vkuqrksf"kd dh ns;rk dk izkfo/kku] AS-15 ds vuqlkj chekafdr ewY;kadu ij vk/kkfjr gSA

¼c½ vodk'k udnhdj.k dh ns;rk dk izkfo/kku] AS-15 ds vuqlkj chekafdr ewY;kadu ij fd;k x;k gSA

63

SIGNIFICANT ACCOUNTING POLICIESACCOUNTING CONVENTIONS :

The financial statements have been prepared under historical cost convention in accordance with

the Generally Accepted Accounting Principles, the provisions of Companies Act’ 1956 and applicable

Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).

FIXED ASSETS :

The assets acquired/ purchased are recorded on the basis of purchase value.

DEPRECIATION AND IMPAIRMENT OF ASSETS :

Depreciation on fixed Assets is charged on straight-line method. Depreciation is calculated on pro-

rata basis on all additions made during the year in which the assets are put to use/ brought on charges.

However, 100% depreciation is charged on the assets acquired during the year where individual cost

does not exceed Rs.5000/-. Rate of depreciation prescribed in SCHEDULE XIV of the Companies Act,

1956 has been adopted.

The carrying amount of assets is tested at each Balance Sheet date for impairment so as to

determine and provide for the impairment loss, if any, required or the reversal, if any, required for impairment

loss recognized in previous periods.

GRANTS :

The expenses against Grants-in-aid have been incurred on specific purposes and are adjusted

accordingly in specific grant received from Government. Grants/ Receivables from Government are

recognized on accrual basis keeping in view the certainty of its ultimate collection.

INVENTORIES :

The valuation of stocks is at cost or net realizable value, whichever is lower. Goods-in-transit due to

sales return or otherwise are valued at purchase price.

SALES :

The sales of yarn, dyes & chemicals and fabrics represent the value of goods dispatched to

customers.

CLASSIFICATION OF EXPENDITURE :

All expenses and Incomes are accounted for under natural heads of account. Wherever necessary,

allocation of expenditure on the functional basis has been made.

INTEREST ON OVERDUE BILLS :

Interest on overdue bills has been provided for delayed payments as per terms of credit decided

with them. The unrealized overdue interest has been shown as Deferred Accrued Interest.

FINANCE CHARGES :

Finance charges levied on customers of Dyes & Chemicals are recognized as revenue on receipt

basis in view of uncertainty in its ultimate collection.

ACCOUNTING OF RETIREMENT BENEFITS :

(a) Liability towards Gratuity is provided based on the actuarial valuation as per AS - 15.

(b) Liability towards Leave Encashment is provided based on the actuarial valuation as per AS-15.

64

¼l½ fuxe ds fu;eksa ds vuqlkj vodk'k ;k=k lqfo/kk ¼,yVhlh½ vuqeU; dh tkrh gS ,oa ftl o"kZ ds nkSjku deZpkfj;ksa }kjk bldk mi;ksx fd;k tkrk gS] bls ys[kksa esa n'kkZ;k tkrk gSA

iwoZ vof/k lek;kstu % iwoZ vof/k ls lEcfU/kr lek;kstu os lek;kstu gSa tks ewyHkwr =qfV;ksa@ pwdksa esa gq, la'kks/ku ds dkj.k iwoZ vof/k ls iz;ksT; gSA

fodkl dk;kZas ds fy, vkjf{kr /ku % fuxe }kjk fodkl dk;ksZa ij viusa lzksr ls fd;s x;s O;;] rFkk Hkkjr ljdkj ls izkIr lgk;rk vuqnku ls vf/kd fd;s x;sO;; dks] fodkl dk;ksZa ds fy, vkjf{kr dks"k ls lh/ks izHkkfjr fd;k x;k gS rFkk ftls fuxe ds ykHk esa ls fofu;ksftr fd;k x;k gSA

[k.M ys[kk uhfr %dEiuh dh ys[kk uhfr ls lEc) gSA [k.M fjiksfVZax ds fy;s fuEufyf[kr fo'ks"k ys[kk uhfr dk vuqlj.k fd;k x;k gSAv& [k.M jktLo esa [k.M ds lkFk izR;{k :i ls vfHkKs; rFkk vkoafVr fcØh o vU; lfEefyr gS ftlesa vUr[kZ.M

jktLo dks Hkh lfEefyr fd;k x;k gSA dEiuh dh og vk; tks [k.Mksa esa vkoafVr ugha gS] dks vU; xSj vkoafVr vk; dh en esa j[kk x;k gSA

c& [k.M ifj.kke dk fu/kkZj.k djrs le; [k.M ds lkFk izR;{kr% vfHkKs;@vkofVar [kpksZa dks Hkh /;ku esa j[kk x;k gSA dEiuh ds ,sls lEiw.kZ [kpsZ tks [k.Mks dks vkoafVr ugh gS] mUgs vU; xSj vkoafVr [kpksZ dh en esa j[kk x;k gSA

l& [k.M lEifRr rFkk ns;rkvksa ds vUrxZr lEcfU/kr [k.Mksa ds lHkh vfHkys[k lEifRr;ka vkSj ns;rk;sa lfEefyr gSaA xSj vkoafVr uSxfed lEifRRk rFkk ns;rkvksa dk rkRi;Z dEiuh dh mu lexz lEifRr vkSj ns;rkvksa ls gS tks fdlh [k.M dks vkoafVr ugha gSA

vk; ij dj %orZeku vof/k ds fy;s dj vk; dk fu/kkZj.k] vk;dj vf/kfu;e 1961 ds izkfo/kkuksa ds vuq:i] laxf.kr dj ;ksX; vk;

rFkk dj tek ij ewY;kadu@vihy ds laHkkfor ifj.kke dks /;ku esa j[kdj fd;k x;k gSA

vkLFkfxr dj dk fu/kkZj.k] o"kZ dh ys[kkdj.k vk; rFkk dj ;ksX; vk; ds e/; le; fu/kkZj.k ds vUrj ij fd;k x;kgS rFkk bldk ifjekiu] dj dh njksa] dkuwuh v/;kns'kksa rFkk rqyui= dh frfFk rd fof/kdj.k fd;s x;s v/;kns'kksa ds vk/kkjij fd;k x;k gSA

vkLFkfxr dj lEifÙk dh ml lhek rd Lohdkj rFkk vxzsuhr fd;k x;k gS tgk¡ rd Hkfo"; esa i;kZIr dj ;ksX; vk;dk izkIr gksuk dkQh gn rd fuf'pr gS] ftlds le{k bl vkLFkfxr dj lEifÙk dh olwyh dh tk ldsA

65

(c) Leave travel concession is allowed as per rules of the corporation and booked in accounts in the year

in which it is availed by the employees.

PRIOR PERIOD ADJUSTMENTS :

Prior Period Adjustments are those adjustments applicable to prior periods arising from correction

of fundamental errors & omissions.

RESERVE FOR DEVELOPMENTAL ACTIVITIES :

Expenditure incurred by the Corporation on developmental activities from its own sources including

expenditure incurred over and above the grant-in-aid received from Government of India are charged to

Reserve for Developmental Activities directly which have been appropriated out of profits of the Corporation.

SEGMENT ACCOUNTING POLICY :

Segment Accounting policies are in line with the accounting policies of the corporation. However,

the following specific accounting policies have been followed for segment reporting:

a) Segment Revenue includes sales and other income directly identifiable with/ allocable to the

segments including inter-segment revenue. The income, which relate to the corporation as a

whole and not allocable to the segments is included in “Other Un-allocable Income”.

b) Expenses that are directly identifiable with/ allocable to the segments are considered for

determining the segment’s result. The expenses, which relate to the corporation as a whole

and not allocable to the segments are included under “Other Un-allocable Expenditure”.

c) Segment assets and liabilities include those directly identifiable with the respective segments.

Unallocable corporate assets and liabilities represent the assets and liabilities that relate to

the corporation as a whole and not allocable to any segment.

TAXES ON INCOME :

Tax income for the current period is determined on the basis of taxable income and tax credits

computed in accordance with the provisions of Income Tax Act 1961 and based on the expected outcome

of assessments/ appeals.

Deferred tax is recognized on timing difference between the accounting income and the taxable

income for the year and quantified using the tax rates and laws enacted or substantively enacted as on

the Balance Sheet date.

Deferred tax assets are recognized and carried forward to the extent that there is reasonable certainty

that sufficient future taxable income will be available against which such deferred tax assets can be

realized.

66

fooj.k uksV la- orZeku fjiksfVZax vof/k dh foxr fjiksfVZax vof/k dh lekfIr ij vk¡dM+s ¼#-½ lekfIr ij vk¡dM+s ¼#-½

1 2 3 4I. bfDoVh rFkk nkf;Ro1- va'k/kkjdksa dh fuf/k;ka

v& va'k iwath 1 190000000 190000000c& vkjf{kr rFkk vf/k'ks"k 2 306668468 216390201

2- xSj pkyw nkf;Rov& vkLFkfxr dj ds nkf;Ro ¼'kq)½ 3 &28457743 &11235175c& vU; yEch vof/k ds nkf;Ro ¼dkWjil½ 4 219901728 210819053l& vU; yEch vof/k ds nkf;Ro 4 & &n& yEch vof/k ds izkfo/kku 5 & &

3- pkyw nkf;Rov& de vof/k dh m/kkfj;ka 6 & &c& O;kikj ns;rk;sa 7 1707909393 1416897629l& vU; pkyw nkf;Ro 8 523333919 727549320n& de vof/k ds izkfo/kku 9 221369782 162323734

;ksx 3140725547 2912744762II- ifjlEifÙk;ka1- xSj pkyw ifjlEifRr;ka v& LFkk;h ifjlEifÙk;ka i) okLrfod ifjlEifÙk;ka 10 47156023 25566717 ii) vizR;{k ifjlEifÙk;ka 11 358152 449755 iii) dk;Z esa yxh iwath 12 0 16520592 c& nh?kZ dkyhu _.k 13 271633 313392 l& vU; xSj pkyw ifjlEifÙk;ka ¼dkWjil½ 14 219901728 2108190532- pkyw ifjlEifRr;ka v& lEifRr lwfp;ka 15 9154520 8070315 c& C;kikj izkfIr;ka 16 1485663094 1308087751 l& udn rFkk udnh ds led{k 17 659812416 1034743957 n& vYidkyhu _.k rFkk vfxze 18 710356744 282872241 ;& vU; pkyw ifjlEifÙk;ka 19 8051237 25300989 ;ksx 3140725547 2912744762

pkyw fjiksVZ dh vof/k dh lekfIr ij uksV la[;k 01 ls 30 rFkk egRoiw.kZ ys[kk uhfr;ksa dks fLFkfr i=d ds lkFk layXu fd;k x;k gS rFkk ml fnukaddks lekIr o"kZ gsrq ykHk rFkk gkfu dk fooj.k ,oa uxnh izokg ys[kksa dk vfuok;Z fgLlk gSA

g0@& g0@& g0@&¼t; xksiky egktu½ ¼losZiYyh Jhfuokl½ ¼fnus'k dqekj½

mi egkizca/kd ¼fo-,oa-ys-½@dEiuh lfpo izcU/k funs'kd ¼v/;{k½ gekjs lefrfFk ds izfrosnu ds vuqlkj

d`rs ,- JhokLro ,.M dEiuhpkVsZM ,dkmUVsV~l

g0@&lh , vf[kys'k dqekj JhokLro

HkkxhnkjlnL;rk la[;k 089673

QeZ iathdj.k la[;k 511001lh

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM31 ekpZ] 2014 dk fLFkfr i=d

LFkku % y[kuÅfnukad % 04-08-2014

67

Particulars Note No. Figures as at the Figures as at the end end of current of the previous

reporting period (Rs.) reporting period (Rs.) 1 2 3 4

I. EQUITY AND LIABILITIES

1. Shareholder's funds

a) Share Capital 1 190000000 190000000

b) Reserves and Surplus 2 306668468 216390201

2. Non- current liabilities

a) Deferred tax liabilities ( Net) 3 -28457743 -11235175

b) Other long term liabilities ( Corpus) 4 219901728 210819053

c) Other long term liabilities 4 - -

d) Long term provisions 5 - -

3. Current liabilities

a) Short term borrowings 6 - -

b) Trade payables 7 1707909393 1416897629

c) Other current liabilities 8 523333919 727549320

d) Short term provisions 9 221369782 162323734

TOTAL 3140725547 2912744762

II. ASSETS

1. Non current assets

a) Fixed Assets

i) Tangible assets 10 47156023 25566717

ii) Intangible assets 11 358152 449755

iii) Capital work in progress 12 0 16520592

b) Long term loans and advances 13 271633 313392

c) Other non current assets(Corpus) 14 219901728 210819053

2.Current assets

a) Inventories 15 9154520 8070315

b) Trade receivable 16 1485663094 1308087751

c) Cash and cash equivalents 17 659812416 1034743957

d) Short term loans and advances 18 710356744 282872241

e) Other current assets 19 8051237 25300989

TOTAL 3140725547 2912744762

Note 1 to 30 and significant Accounting Policies annexed to Balance sheet as at the end of current reporting period

and Statement of Profit and Loss and cash flow for the year ended on that date form an integral part of Accounts.

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITEDBALANCE SHEET AS AT 31st MARCH, 2014

Sd/-

(Jai Gopal Mahajan)

Dy. Gen. Manager (F&A)/ Company Secretary

Sd/-

( Sarvepalli Srinivas )

Managing Director

Sd/-

( Dinesh Kumar )Chairman

Sd/-

CA Akhilesh Kumar SrivastavaPartner

M. No. 089673

FRN 511001C

As per our Report of even date

For A Srivastava & Co.Chartered Accounts

Place : Lucknow

Date : 04.08.2014

68

fooj.k uksV la[;k orZeku fjiksfVZax foxr fjiksfVZax vof/k ds vkadM+s ¼#-½ vof/k ds vkadM+s ¼#-½ 1 2 3 4I- v&dk;Z lapkyu ls izkIr jktLo 20 18400310568 13754656813 c&lwr vkiwfrZ ;kstuk ds vUrxZr gq, [kPkksaZ 20 1616917664 952518108 dh izfriwfrZ ds le{k vuqnku lgk;rkII- vU; vk; 21 74454472 85299686III- dqy jktLo (I+II) 20091682704 14792474607IV. [kpsZ O;kikj esa eky dk dz; 22 19081579977 14023908812 ifjogu@fMiks vf/kHkkj dh izfriwfrZ 23 570846727 452092596 O;kikj eas eky dh lEifRr lwfp;ksa eas ifjorZu 24 &1084206 &1239782 deZpkjh dY;k.k [kpsZ 25 186785087 180884964 foRrh; ykxr 26 0 13899 gzkl RkFkk _.k ifj'kks/ku [kpsZ 10 & 11 2332182 1727537 vU; [kpsZ 27 42833754 27315947 dqy [kpZs 19883293521 14684703973V. fof'k"V rFkk vlk/kkj.k rFkk 28 208389183 107770634 dj ds iwoZ ykHk ¼III-IV½

VI. fof'k"V enasa 24449208 4550216VII. vlk/kkj.k enksa rFkk dj ds iwwoZ ykHk 183939975 103220418VIII. vlk/kkj.k ensa rFkk dj ds iwoZ ykHk ¼V-VI½

IX. vlk/kkj.k ensa ¼VII-VIII½ 183939975 103220418 X. dj ds [kpsZ 1- pkyw dj 29 80835000 39279262

2- vLFkk;h dj 3 &17222568 &5798018XI. tkjh lapkyu vof/k gsrq ykHk¼gkfu½ (IX-X) 120327543 69739174

XII. lapkyu lekIr gksus ls ykHk@gkfu

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM31 ekpZ] 2014 dks lekIr gq, o"kZ dk ykHk&gkfu dk fooj.k

69

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH, 2014

Particulars Note No. Figures for the Figures for the

current previous

reporting period reporting period

(Rs.) (Rs.)

1 2 3 4

I. (a) Revenue from operations 20 18400310568 13754656813

(b) Grant in-aid against reimbursement 20 1616917664 952518108

of expenditure under Yarn Supply Scheme

II. Other Income 21 74454472 85299686

III. Total Revenue (I+II) 20091682704 14792474607

IV. Expenses :

Purchases of stock in trade 22 19081579977 14023908812

Reimbursement of Transportation/ depot

charges 23 570846727 452092596

Changes in inventories/stock in trade 24 -1084206 -1239782

Employee benefits expenses 25 186785087 180884964

Finance costs 26 0 13899

Depreciation and amortization expenses 10 & 11 2332182 1727537

Other expenses 27 42833754 27315947

Total Expenses 19883293521 14684703973

V. Profit before exceptional and

extraordinary items and tax (III-IV) 208389183 107770634

VI. Exceptional items 28 24449208 4550216

VII. Profit before extraordinary items and tax (V-VI) 183939975 103220418

VIII. Extraordinary Items

IX. Profit before tax (VII- VIII) 183939975 103220418

X. Tax expense:

1. Current Tax 29 80835000 39279262

2. Deferred Tax 3 -17222568 -5798018

XI. Profit (Loss) for the period from continuing operations (IX - X) 120327543 69739174

XII. Profit/loss from discontinuing operations

70

fooj.k uksV la[;k orZeku fjiksfVZax foxr fjiksfVZax vof/k ds vkadM+s ¼#-½ vof/k ds vkadM+s ¼#-½ 1 2 3 4

XIII. lapkyu lekIr gksus ls dj ds [kpsZXIV. lapkyu u gksus ls ykHk@gkfu 0 0

¼dj ds i'pkr~½ ¼XII-XIII)

XV- vof/k gsrq ykHk ¼gkfu½ (XI-XIV) 120327543 69739174XVI. i) izfr bfDoVh va'k izkfIr;ka

¼vlk/kkj.k enksa ls iwoZ½ 1- csfld 76-20 39.10 2- ruwd`r ¼Mk;Y;wVsM½ 76-20 39.10

ii) izfr bfDoVh va'k izkfIr;ka vlk/kkj.k enksa ds iwoZ

1- csfld 63-33 36-70 2- ruwd`r ¼Mk;Y;wVssM½ 63-33 36-70

pkyw fjiksVZ dh vof/k dh lekfIr ij uksV la[;k 01 ls 30 rFkk egRoiw.kZ ys[kk uhfr;ksa dh fLFkfr i=d ds lkFk layXu fd;kx;k gS rFkk ml fnukad dks lekIr o"kZ gsrq ykHk rFkk gkfu dk fooj.k ,oa uxnh izokg ys[kksa dk vfuok;Z fgLlk gSA


mi egkizca/kd ¼fo-,oa-ys-½@dEiuh lfpo izcU/k funs'kd v/;{k gekjs lefrfFk ds izfrosnu ds vuqlkj

d`rs ,- JhokLro ,.M dEiuh pkVsZM ,dkmUVsV~l

g0@&¼lh , vf[kys'k dqekj JhokLro½ Hkkxhnkj lnL;rk la[;k 089673 QeZ iathdj.k la[;k 511001lh

LFkku % y[kuÅ fnukad % 04-08-2014

71

Particulars Note No. Figures for the Figures for the

current previousreporting period reporting period

(Rs.) (Rs.)

1 2 3 4

XIII. Tax expenses of discontinuing operations

XIV. Profit/(loss) from discontinuing operatios

(after tax) ( XII-XIII) 0 0

XV. Profit( Loss) for the period ( XI + XIV) 120327543 69739174

XVI. (i) Earnings per equity share (Before extra ordinary items)

(1) Basic 76.20 39.10

(2) Diluted 76.20 39.10

(ii) Earnings per equity share ( After extra ordinary items)

(1) Basic 63.33 36.70

(2) Diluted 63.33 36.70

Note 1 to 30 and significant Accounting Policies annexed to Balance sheet as at the end of current reporting

period and Statement of Profit and Loss and cash flow for the year ended on that date form an integral

part of Accounts.

Sd/-

(Jai Gopal Mahajan)


Sd/-


Managing Director

Sd/-

( Dinesh Kumar )

Chairman


For A Srivastava & Co.

Chartered Accounts

Sd/-

CA Akhilesh Kumar Srivastava

Partner

M. No. 089673

FRN 511001CPlace : Lucknow

Date : 04.08.2014

72

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsMys[kksa ij fVIif.k;ka

1- va'k iwath fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s dh lekfIr ij vkadM+s ¼#-½ ¼#-½

vf/kd`rizfr bfDoVh 'ks;j #- 100@& ewY; ds 20,00,00,000 20,00,00,000

20]00]000 'ks;j ¼foxr o"kZ20]00]000 'ks;j½

fuxZfer] vfHknÙk ,oa iznÙkiw.kZr;k udn Hkqxrku fd;s x;s #-100@&izfr 'ks;j ds 18]98]465 ds bfDoVh 'ks;jfodkl vk;qä gFkdj?kk dk;kZy; ds ek/;els Hkkjr ljdkj ds ikl /kkfjr ¼foxr o"kZizfr #-100@& ewY; ds 18]98]465 'ks;j 189846500 189846500

izR;sd½#-100@& ds 1535 bfDoVh 'ks;j fcukudn Hkqxrku izkIr gq, iw.kZr;k iznÙk daiuhds fuxZeu O;; ds le{k gFkdj?kk fodklvk;qDr ds dk;kZy; ds ek/;e ls Hkkjr dsjk"Vªifr dks vkoafVr 'ks;j ¼foxr o"kZ izfr#- 100@& ds 1535 bfDoVh 'ks;j½ 153500 19,00,00,000 153500 19,00,00,000

;ksx 19,00,00,000 19,00,00,000

73

1 SHARE CAPITALFigures as at the Figures as at the

Particulars end of current end of the previousreporting period reporting period

( Rs.) ( Rs.)

Authorised

20,00,000 Equity shares (Previous year 20,00,00,000 20,00,00,000

20,00,000 Equity shares) of Rs. 100/- each

Issued, Subscribed & Paid-up

18,98,465 Equity shares of Rs. 100/- each

fully paid in cash held by Government of

India through DCH office (Previous year

18,98,465 Equity shares of Rs. 100/- each) 189846500 189846500

1,535 Equity shares of Rs. 100/- each

fully paid up without payment being

received in cash (Shares alloted to The

President of India through DCH Office

against company's incorporation expenses,

(Previous year 1,535 equity shares of

Rs. 100/- each) 153500 19,00,00,000 153500 19,00,00,000

TOTAL 19,00,00,000 19,00,00,000

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED

NOTES ON ACCOUNTS

74

2- vkjf{kr ,oa vf/k'ks"k fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dMs+ dh lekfIr ij vk¡dM+s ¼#-½ ¼#-½

v& vf/kd`r¼i½ foxr fLFkfr i=d ds vuqlkj fodklkRed 2499969 2500070

xfrfof/k;ksa gsrq vkjf{kr tksM+k& ykHk ,oa gkfu [kkrs ls vUrfjr /kujkf'k 1580000 1505000

?kVk;k&o"kZ ds nkSjku mi;ksx 1583422 1505101

;ksx ¼i½ 2496547 2499969

¼ii½ lsokfuo`Ùk mijkUr fpfdRlk dkWjil foxr fLFkfr i=d ds vuqlkj 1723862 1408028

tksM+k& ykHk ,oa gkfu [kkrs ls vUrfje /kujkf'k 1032000 412000

tksM+k& o"kZ ds nkSjku mikftZr C;kt 172834 276572

?kVk;k& o"kZ ds nkSjku mi;ksx 442893 372738

;ksx ¼ii½ 2485803 1723862

;ksx ¼i+ii) 4982350 4223831

c& vf/k'ks"k foxr fLFkfr i=d ds vuqlkj 212166370 160840491

tksM+k& ykHk@gkfu [kkrs ls varfje /kujkf'k orZeku o"kZ dk ykHk 120327543 69739174

?kVk;k& izLrkfor ykHkka'k 24100000 14100000

ykHkka'k ij uSxfed dj 4095795 2396295

fodklkRed xfrfof/k;ksa ds fy, vkjf{kr en esa /kujkf'k vUrj.k 1580000 1505000

lsokfuo`Ùk mijkUr fpfdRlk dkjil esa varj.k 1032000 412000

vf/k'ks"k ¼c½ 301686118 212166370

;ksx ¼v$c½ 306668468 216390201

izLrkfor ykHkka'k izfr bfDoVh 'ks;j 12.68 7.42

75

2. RESERVES & SURPLUS

Figures as at the Figures as at the

Particulars end of current end of the previous


( Rs.) ( Rs.)

(A) RESERVES :

(i) Reserve for developmental Activities

as per last Balance sheet 2499969 2500070

Add : Amount transferred from Statement of

Profit & Loss 1580000 1505000

Less: Utilisation during the year 1583422 1505101

Total (i) 2496547 2499969

(ii)Post Retirement Medical Corpus

As per last Balance sheet 1723862 1408028

Add : Amount transferred from Statement of 1032000 412000

Profit & Loss account

Add : Interest Earned during the year 172834 276572

Less: Utilisation during the year 442893 372738

Total (ii) 2485803 1723862

Total (i+ii) 4982350 4223831

(B) SURPLUS

As per last Balance sheet 212166370 160840491

Add: Amount transferred from Statement of

Profit & Loss

Current year profit 120327543 69739174

Less:

Proposed Dividend 24100000 14100000

Corporate Tax on Dividend 4095795 2396295

Amount transferred to reserve for

developmental activity 1580000 1505000

Transferred to post retirement medical corpus 1032000 412000

SURPLUS (B) 301686118 212166370

TOTAL (A+B) 306668468 216390201

Proposed Dividend per Equity Share 12.68 7.42

76

#-1032000 ¼foxr o"kZ #- 412000½ dh /kujkf'k tks fd foÙkh; o"kZ 2012&13 gsrq dj iwoZ ykHk ¼ihchVh½ dk1% gS dks foÙkh; o"kZ 2013&14 ds nkSjku ßlsokfuo`fÙk mijkUr fpfdRlk dkjilÞ esa va'knku fd;k x;k gSA mDr dkjil dkmiHkksx djds lsokfuo`Ùk dfeZ;ksa dks ßlsokfuo`fÙk mijkUr fpfdRlk ;kstukÞ ds varxZr fpfdRlk ykHk vuqeU; gksaxsA

3- vLFkfxr dj nkf;Ro ¼'kq)½pkyw fjiksfVZax vof/k dh lekfIr ij vkLFkkfxr dj nkf;Ro dk fo'ys"k.k ¼czsdvi½ fuEufyf[kr gSA

vLFkfxr dj ifjlEifÙk;ka rFkk pkyw fjiksfVZax vof/k dh lekfIr ijvLFkfxr dj nkf;Ro ds la?kVd vLFkkfxr dj ifjlEifÙk;ka ¼#-½ vkLFkkfxr dj nkf;Ro ¼#-½vLFkfxr dj nkf;Roys[kk cfg;ksa ds vuqlkj ewY; gzkl ifjlEifÙk;ksa dk ogh ewY; 7148013

rFkk dj gzkl ds vafdr ewY; ds e/; varjle; vUrjky dks c<+krs gq, vU; vLFkfxr dj nkf;Ro 6096002

vLFkfxr dj ifjlEifÙk;kalafnX/k _.kksa rFkk vfxzeksa bR;kfn gsrq izkfo/kku 12744811

vodk'k osru gsrq izkfo/kku 28662140

le; vUrjky esa o`f) dj vU; vLFkfxr dj ifjlEifÙk 294807

;ksx 41701758 13244015

pkyw fjiksfVZax vof/k dh lekfIr ij ¼ifjlEifÙk½@ 'kq) vLFkfxr dj nkf;Ro -28457743

77

An amount of Rs.1032000 (Previous year Rs.412000) being 1% of the profit before tax (PBT) for FY

2012-13 has been contributed to the "Post Retirement Medical Corpus" during FY 2013-14. The medical

benefit under "Post Retirement Medical Scheme" shall be allowed to the superannuated employees by

utilising the said corpus.

3. DEFERRED TAX LIABILITY ( Net)

The break up of net deferred tax libility as at the end of current reporting period is as under:

Components of Deferred Tax Assets and As at the end of current reporting period Deferred Tax Liability

Deferred Tax Deferred Tax

Assets ( Rs.) Liability ( Rs.)

Deferred Tax Liabilities

Difference between book value of depreciable 7148013

assets as per books of accounts and

written down value as per tax depreciation

Other deferred tax liability giving rise to timing

difference 6096002

Deferred Tax Assets

Provision for doubtful debts and advances etc. 12744811

Provision for leave salary 28662140

Other deferred tax asset giving rise to timing

difference- (VRS) 294807

Total 41701758 13244015

Net Deferred Tax Liability/ (Asset) as at the end of current reporting period -28457743

78

4- xSj pkyw nkf;Ro&vU; nh?kZdkyhu nkf;Ro¼I½ vU; nh?kZdkyhu nkf;Ro ¼dkWjil½ fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s dh lekfIr ij vkadM+s ¼#-½ ¼#-½

¼v½ dkWjil fuf/k ¼foi.ku dsU æ½ d½ Hkkjr ljdkj ls izkfIr;k¡ 82580850 82580850

[k½ ?kVk;k& ljdkj dks okil@lek;ksftr dh x;h /kujkf'k 48158949 48158949

x½ ljdkj dks okil dh x;h ewy /kujkf'k ¼d&[k½ 34421901 34421901

?k½ lfefr;ksa ls izkIr /kujkf'k ftlesa lek;kstu lfEefyr gS 96655743 94354957

³½ ?kVk;k&lfefr;ksa dh vksj ls foi.ku dsUæksa esa LFkku vf/kxzg.k@vU; O;; ds fy;s Hkqxrku dh x;h /kujkf'k 91441116 88292028

p½ lfefr;ksa ls izkfIr ;ksX; ¼?k&³½ 5214627 6062929

N½ vf/k'ks"k ¼d&[k$x&?k½ ;k ¼x$p½ 39636528 40484830

t½ fofo/k [kpsZ ?kVkdj mikftZr C;kt /kujkf'k 109528872 96130619

;ksx ¼N$t½ 149165400 136615449

¼c½ dkWjil fuf/k ¼esxk lewg½ d½ Hkkjr ljdkj ls izkIr 65000000 65000000

[k½ ?kVk;k& esxk lewg ds miHkksx gsrq /kujkf'k dk vUrj.k 17500000 7500000

x½ vf/k'ks"k ¼d&[k½ 47500000 57500000

?k½ fofo/k [kpsZ ?kVkdj mikftZr C;kt /kujkf'k 23236328 16703604

;ksx ¼x$?k½ 70736328 74203604

dqy ;ksx ¼v$c½ 219901728 210819053

II- vU; nh?kZ dkyhu nkf;Rofooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lEkkfIr ij vk¡dM+s ¼#-½ dh lEkkfIr ij vk¡dM+s ¼#-½izfrHkwfr tek & &dqy 0 0i- miHkksDrk lfefr;ksa dh vksj ls eqacbZ] bUnkSj rFkk fnYyh esa foi.ku dsUæksa dh iDdh [kjhn gsrq] Hkkjr ljdkj }kjk tkjh

/kujkf'k dks] ljdkjh funsZ'kkuqlkj igys mls dkWjil fuf/k [kkrs esa tek djus ds mijkUr] lEcfU/kr laLohd`fr vkns'kdh 'krksZa ds vuqlkj mldk mi;ksx fd;k x;kA foi.ku dsUæksa dh LFkkiuk ij gq, O;; dh dkWjil fuf/k ls izHkkfjr fd;kx;kA lfefr;ks¡ ls izkIr /kujkf'k rFkk LFkk;h tek ij izkIr C;kt dks Hkh dkjil fuf/k esa tek fd;k x;k gSA

79

4. NON CURRENT LIABILITIES – OTHER LONG TERM LIABILITIES

(I) Other Long Term Liabilities (Corpus)


Particulars end of current end of previous

reporting period (Rs.) reporting Period (Rs.)

(A) Corpus Fund (Marketing Complex) a) Receipt from Govt. of India 82580850 82580850

b) Less: Amount adjusted/ refunded to Govt. 48158949 48158949c) Principle amount refundable to Govt. (a-b) 34421901 34421901d) Amount realised from agencies including adjustments 96655743 94354957e) Less: Amount paid for acquisition of space/ other epenses etc. for complexes on behalf of agencies 91441116 88292028f) Recievable from agencies (d-e) 5214627 6062929g) Balance (a-b+d-e) or (c+f) 39636528 40484830h) Amount of Interest earned less miscellaneous expenditure 109528872 96130619

Total (g+h) 149165400 136615449

(B) Corpus Fund ( Mega Cluster )

a) Receipt from Govt. of India 65000000 65000000

b) Less: Amount transferred for utilisation in

Mega Cluster 17500000 7500000

c) Balance (a-b) 47500000 57500000

d) Amount of Interest earned less

miscellaneous expenditure 23236328 16703604

Total (c+d) 70736328 74203604

GRAND TOTAL ( A+B) 219901728 210819053

II) Other Long Term LiabilitiesFigures as at the Figures as at the



( Rs.) ( Rs.)

Security Deposit - -

Total 0 0

i) As per Government directives, funds released by the Government of India for outright purchases ofMarketing Complexes on behalf of user agencies at Mumbai, Indore and New Delhi, after initiallycrediting them to corpus fund account have been utilized as per terms of relevant sanction order.The expenditure incurred on setting up of marketing complexes has been charged to corpus fund.The amount received from the agencies and interest earned on fixed deposits has been credited

thereto.

80

ii- miHkksDrk lfefr;ksa ls Hkwry fdjk;k rFkk Ø; ewY; ds le{k olwyh ;ksx dqy /kujkf'k #- 91441116 ¼foxr o"kZ#- 88292028½ Fkh pkyw foÙkh; o"kZ dh lekfIr ij 1 lfefr ¼foxr o"kZ 2 lfefr;ksa½ ij #- 851862 dh /kujkf'k¼foxr o"kZ #- 1522241½ cdk;k gS rFkk fnYyh foi.ku dsUæ esa 02 [kkyh nqdkuksa ¼foxr o"kZ 2½ le{k #- 4841243¼foxr o"kZ #- 4631286½ yfEcr gSA pkyw foÙkh; o"kZ dh lekfIr rd lfefr;ksa ls izkIr /kujkf'k #- 500000 ¼foxro"kZ #- 500000½ lfEefyr gS tks fd ,d lfefr ls izkIr gq;h gS ¼foxr o"kZ ,d lfefr½ ftUgksaus nqdku [kkyh dj nhgSA

iii- okjk.klh rFkk f'kolkxj dyLVj ds gFkdj?kk cqudjksa dks lwr dh vkiwfrZ gsrq ^vkoaVudkjh dk;Z'khy iwath** ds :i esiz;ksx djus gsrq Hkkjr ljdkj }kjk tkjh fuf/k dks lEcfU/kr Lohd`fr vkns'k dh 'krksZa ds vuqlkj mi;ksx fd;k x;k gSAbl dks"k dk iz;ksx jkT; funs'kd ¼gFkdj?kk½ }kjk dh x;h laLrqfr;ksa ds vk/kkj ij gFkdj?kk laLFkkuksa dks lwr vkiwfrZgsrq dk;Z'khy iwath ds :i esa fd;k x;k gSA LFkk;h tek ij C;kt esa ls QqVdj [kpsZ ¼;fn dksbZ gS½ dks lek;ksftr djrsgq;s mls mDr dk;Z'khy iwath dks"k esa tek dj fn;k x;k gSA

5- xSj orZeku nkf;Ro&nh?kZdkyhu izkfo/kku %fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s ¼#-½ dh lekfIr ij vk¡dM+s ¼#-½

0 06- orZeku nkf;Ro&vYidkyhu m/kkfj;k¡ %fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s ¼#-½ dh lekfIr ij vk¡dM+s ¼#-½izfrHkwfr _.kpy ifjlEifÙk;ksa rFkk cgh _.k ds le{k cSadksa ls & &

0 0fuxe }kjk lkfof/k tek ds le{k eq[;ky; y[kuÅ gsrq #- 7000000 rFkk {ks=h; dk;kZy; ikuhir gsrq 2000000 vksojMªk¶V lhek yh x;h gSA {ks=h; dk;kZy; dksydkrk dks #- 7000000 esa ls #- 3500000 lhek iznku dh x;h gSA

7- orZeku nkf;Ro&O;kikj ns;rk;sa %fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s dh lekfIr ij vk¡dM+s ¼#-½ ¼#-½

fofo/k ysunkj ¼,l ,l vkbZ bdkbZ dks ns; 1579989973 1348573462#- 908577601 lfEefyr bdkb;ka &foxr o"kZ #- 789725907½xzkgdksa@vU; ls vfxze 127919420 68324167

dqy 1707909393 1416897629

81

ii) Further, out of Rs. 91441116 (Previous year Rs.88292028) being total amount recoverable from

user agencies against purchase cost and ground rent, an amount of Rs. 851862 (Previous year

Rs. 1522241) is outstanding as at the end of current reporting period from 1 no. agencies (Previous

year 2 nos. agencies) and Rs. 4841243 (Previous year Rs.4631286) pending against vacant shops

– 2 nos. (Previous year 2 nos.) at Delhi marketing complex. Amount received from agencies till the

end of current reporting period includes Rs. 500000 (Previous year Rs. 500000) received from 1

no. agencies (Previous year 1 no. agency), who have now opted out.

iii) As per Government directives, the funds released by Govt. of India for use as 'rotating working

capital' for supply of yarn to the Handloom weavers in Varanasi and Sivsagar Mega cluster have

been utilised as per terms of relevant sanction order. The fund has been used as working capital for

supplying yarn to the Handloom agencies recommended by the State Director ( Handlooms). The

amount of interest earned on fixed deposits after adjusting the Misc. expenditure if any, has been

credited thereto.

5. NON - CURRENT LIABILITIES - LONG TERM PROVISION :Figures as at the Figures as at the



( Rs.) ( Rs.)

0 0

6. CURRENT LIABILITIES - SHORT TERM BORROWINGS :




(Rs.) ( Rs.)

Secured Loans

From banks against hypothecation

of book debts and moveable assets - -

0 0

Corporation has taken an over-draft limit of Rs. 7000000 at Head Office Lucknow & Rs. 2000000 at

Regional Office Panipat against security of Fixed Deposits. Out of Rs. 7000000 a sub limit of Rs. 3500000

has been given to Regional Office Kolkata.

7. CURRENT LIABILITIES – TRADE PAYABLESFigures as at the Figures as at the

Particulars end of current of the previousreporting period reporting period ( Rs.) ( Rs.)

Sundry creditors 1579989973 1348573462

(Includes Rs 908577601 payable to S.S.I

units – Previous year Rs.789725907)

Advance from customers/others 127919420 68324167

Total 1707909393 1416897629

82

¼i½ cdk;k iqf"V fujUrj izfØ;k gS pkyw fjiksfVZax vof/k dh lekfIr ij o"kZ ds vUr ds cdk;ksa dks iqf"V gsrq izsf"kr fd;k x;kgS rFkkfi izkIr cdk;k iqf"V fuEufyf[kr gS & fooj.k ;ksx pkyw fjiksfVZax vof/k dh lekfIr pkyw fjiksfVZax vof/k dh lekfIr

ij izkIr iqf"V ij cdk;ksa dh iqf"V dk %,tsalh cdk;k ,tsalh cdk;k ,tsalh cdk;k

dh la[;k /kujkf'k ¼#-½ dh la[;k /kujkf'k ¼#-½ dh la[;k¼%½ /kujkf'k¼%½ysunkj 523 1579989973 178 480661358 34.03 30.42

xzkgdksa@vU;ksa ls vfxze 1526 127919420 81 42303788 5.31 33.07

mijksDrkuqlkj n'kkZ;s x;s cdkvksa dh iqf"V esa mUgsa lfEefyr ugha fd;k x;k gS] ftu ij dksbZ fookn gks] dsoy mUgha cdk;ksadks ftuesa fd izfof"V;ksa ds vUrj@lek/kku nksuksa ikfVZ;ksa dks ekU; gks dks gh lfEefyr fd;k x;k gSA cdk, tks fd iqf"V gsrqyfEcr gS mudh ;Fkk le; leh{kk rFkk lek/kku fd;k tk;sxk rFkk ;fn bu ekeyksa esa dksbZ lek/kku okafNr gksxk rks mls djusds i'pkr~ mudk lek;kstu fd;k tk;sxkA

¼ii½ fofo/k nsunkj ftlesa dh y?kq m|ksxksa dks ns; /kujkf'k #- 290264391 ¼foxr o"kZ #- 299234610½ tks pkyw fjiksfVZaxvof/k dh lekfIr ij 30 fnolksa ls vf/kd le; ls cdk;k gSAmijksDrkuqlkj /kujkf'k ftlds ysunkj y?kq m|ksx gSa ftls muds lkFk r; O;oLFkk ds vk/kkj ij jksd fn;k x;k gS dkHkqxrku lEcaf/kr nsunkjksa ls Hkqxrku izkIr gksus ds i'pkr fuxZr fd;k tk;sxkA

¼iii½ mi;qZDr ds vfrfjDr dksbZ ,sls lw{e rFkk y?kq m|ksx ugha gS ftudk fuxe ij pkyw fjiksfVZax vof/k dh lekfIr ij 45fnolksa ls vf/kd ds cdk;k gksaA bl lwpuk dk izxVhdj.k tks lw{e] y?kq rFkk e/;e miØ; fodkl vf/kfu;e 2006ds varxZr okaNuh; gS dks fuxe ds ikl miyC/k lwpuk ds vk/kkj ij ikfVZ;ksa dks fu/kkZfjr rFkk fpfUgr fd;k x;k gSAbl lwpuk ij ys[kk ijh{kdksa }kjk Hkjkslk fd;k x;k gSA

8- pkyw nkf;Ro&vU; pkyw nkf;Ro % fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lEkkfIr ij vk¡dM+s ¼#-½ dh lEkkfIr ij vk¡dM+s ¼#-½izfrHkwfr tek 660739 613722

ljdkjh vuqnku@Hkkxhnkjh /ku ¼fooj.k fuEuor~ gS½ 10297172 16477029

izfr/kkj.k /ku 341649 341649

cdk;k /ku 650717 488762

dkjil fuf/k ¼lewg fodkl½ 131985237 114790437

dkjil fuf/k ¼esxk lewg½ 17500000 7500000

,e th ih ,l ds la?kVd 10% lwr vuqnku le{k vfxze 0 314536517

ifjogu rFkk fMiks ns; 337485242 253500908

vU; nkf;Ro 24413163 19300296

;ksx 523333919 727549320

83

i) The Balance confirmation is a continuous process. The year end balances as at the end of currentreporting period has been sent to all the creditors and other parties for confirmation, however,confirmation has been received as follows-

Particulars Total Confirmation received as at % of Confirmation of

the end of current reporting balances as at the end

period of current reporting period

No. of Amount No. of Amount No. of Amount agencies outstanding agencies outstanding agencies outstanding

( Rs.) ( Rs.) (%) (%)

Creditors 523 1579989973 178 480661358 34.03 30.42

Advance fromcustomers/ others. 1526 127919420 81 42303788 5.31 33.07

The confirmed balances shown above do not include those, where there is any dispute, butonly those balances where the entries on account of difference/ reconciliation are acceptable toboth the parties. The balances which are pending for confirmation will be reviewed and reconciledin due course and the adjustment, if any, required in these cases will be made as soon as reconciled.

ii) Sundry Creditors include amount of Rs. 290264391 (Previous year Rs. 299234610) payable toSmall Scale Industries, outstanding for more than 30 days as at the end of current reporting period.

The amount due to creditors being small scale industries as above has been withheld based on thearrangement with them, wherein, the payment will be released to them only after realisation of thepayment from the corresponding debtors.

iii) Besides above, there are no micro and small enterprises, to whom the company owes dues whichare outstanding for more than 45 days as at the end of current reporting period. This information isrequired to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006,has been determined to the extent such parties had been identified on the basis of informationavailable with the corporation. This has been relied upon by the auditors.

8. CURRENT LIABILITIES – OTHER CURRENT LIABILITIES :

Figures at the Figures at the

Particulars end of current end of previous


( Rs.) ( Rs.)

Security deposits 660739 613722

Govt. grants/participation money (See detail below) 10297172 16477029

Retention money 341649 341649

Earnest money 650717 488762

Corpus fund (Cluster development) 131985237 114790437

Corpus fund (Mega Cluster) 17500000 7500000

Advance against 10% Yarn Subsidy component of MGPS 0 314536517

Transportation and depot payable 337485242 253500908

Other Liabilities 24413163 19300296

Total 523333919 727549320

84

¼i½ vuqnku fooj.k pkyw fjiksfVZax vof/k gsrq ljdkjh vuqnku rFkk Hkkxhnkjh /ku dk fooj.k ¼#-½

Ø- fooj.kla-

1- foi.ku izn'kZuh [kpsZd& flYd QSc iq.ks 0 1000000 1140014 2140014 3075819 -935805 2140014 0

[k& flYd QSc p.Mhx<+ 0 1000000 1064644 2064644 3013434 -948790 2064644 0

x& flYd QSc fnYyh 0 1000000 1879875 2879875 3634699 -754824 2879875 0

?k& flYd QSc te'ksniqj 0 1439827 983430 2423257 2423257 0 2423257 0

³& flYd QSc tcyiqj 0 1865127 1273238 3138365 3138365 0 3138365 0

p& flYd QSc eqEcbZ 0 1939028 3370481 5309509 5309509 0 5309509 0

N& flYd QSc Hkksiky 0 1538029 679926 2217955 2217955 0 2217955 0

t& flYd QSc vgenkckn 0 1956823 1478700 3435523 3435523 0 3435523 0

flYd QSc lwjr 0 1913998 863320 2777318 2777318 0 2777318 0

V& flYd QSc fo'kk[kkiV~ue~ 0 1000000 864934 1864934 2805155 -940221 1864934 0

B& flYd QSc y[kuÅ 0 1000000 1434338 2434338 3383848 -949510 2434338 0

M& flYd QSc dksydkrk 0 1932995 1659870 3592865 3592865 0 3592865 0

<& flYd QSc bUnkSj 0 1000000 1678293 2678293 3571857 -893564 2678293 0

.k& flYd QSc ukxiqj 0 1000000 785130 1785130 2404523 -619393 1785130 0

r& flYd QSc psébZ 0 1000000 2164188 3164188 4126409 -962221 3164188 0

Fk& owy QSCk dkuiqj 0 1000000 260166 1260166 1906487 -646321 1260166 0

n& owy QSc Hkksiky 0 1373627 355823 1729450 1729450 0 1729450 0

/k& owy QSc y[kuÅ 0 1000000 209960 1209960 1981679 -771719 1209960 0

u& flYd QSc jkaph 0 1000000 787500 1787500 1642801 0 1642801 144699

u& flYd QSc vukZdqye 0 1000000 1377500 2377500 3067831 -690331 2377500 0

Q& flYd QSc f=osUæe 0 1000000 1073000 2073000 2159273 -86273 2073000 0

c& flYd QSc gSnjkckn 0 1000000 1305000 2305000 1791491 0 1791491 513509

e& flYd QSc iVuk 0 1000000 1830000 2830000 2935994 -105994 2830000 0

;& jk"Vªh; Lrj ,Dliks dksydkrk 0 0 0 0 2000000 -2000000 0 0

j& flYd QSc psébZ 1000000 0 0 1000000 0 1000000 1000000 0

y& flYd QSc eqEcbZ 1000000 0 0 1000000 0 1000000 1000000 0

o& flYd QSc lwjr 1000000 0 0 1000000 0 1000000 1000000 0

'k& flYd QSc te'ksniqj 1000000 0 0 1000000 0 1000000 1000000 0

"k& flYd QSc fo'kk[kkiV~ue 1000000 0 0 1000000 0 1000000 1000000 0

l& flYd QSc cSaxyq# 1000000 0 0 1000000 0 1000000 1000000 0

g& flYd QSc vukZdqye¼11&12½ 1000000 0 0 1000000 0 1000000 1000000 0{k& flYd QSc jkaph ¼11&12½ 1000000 0 0 1000000 0 1000000 1000000 0

1-4-2013dks

izkjfEHkd'ks"k3

o"kZ ds nkSjku izkfIr;ka

ljdkj ls4

Hkkxhnkjksals5

;ksx

6(3+4+5)

O;;

7

o"kZ ds nkSjku dk;Z lapkyuokilh@

lek;[email protected]

8

;ksx

9 (7+8)

31-03-2014dks

cdk;k

10(6-9)1 2

85

(i) GRANT STATEMENT

DETAILS OF GOVERNMENT GRANTS & PARTICIPANTS MONEY FOR THE CURRENT REPORTING PERIOD ( Rs.)

Sl. PARTICULARS Opening Received During the year Total Transaction During the year Total Balance

No. Balance From From Expenses Refund/ as on

1.4.2013 Govt. Adjustment/ 31.3.2014

Transfer

1 2 3 4 5 6¼3$4$5½ 7 8 9¼7$8½ 10¼6&9½

1. MARKETING EXHIBITION EXPENSES

a SILK FAB, PUNE 0 1000000 1140014 2140014 3075819 -935805 2140014 0

b SILK FAB, CHANDIGARH 0 1000000 1064644 2064644 3013434 -948790 2064644 0

c SILK FAB, DELHI 0 1000000 1879875 2879875 3634699 -754824 2879875 0

d SILK FAB, JAMSHEDPUR 0 1439827 983430 2423257 2423257 0 2423257 0

e SILK FAB, JABALPUR 0 1865127 1273238 3138365 3138365 0 3138365 0

f SILK FAB, MUMBAI 0 1939028 3370481 5309509 5309509 0 5309509 0

g SILK FAB, BHOPAL 0 1538029 679926 2217955 2217955 0 2217955 0

h SILK FAB, AHEMDABAD 0 1956823 1478700 3435523 3435523 0 3435523 0

i SILK FAB, SURAT 0 1913998 863320 2777318 2777318 0 2777318 0

j SILK FAB, VISAKHAPATNAM 0 1000000 864934 1864934 2805155 -940221 1864934 0

k SILK FAB, LUCKNOW 0 1000000 1434338 2434338 3383848 -949510 2434338 0

l SILK FAB, KOLKATA 0 1932995 1659870 3592865 3592865 0 3592865 0

m SILK FAB, INDORE 0 1000000 1678293 2678293 3571857 -893564 2678293 0

n SILK FAB, NAGPUR, 0 1000000 785130 1785130 2404523 -619393 1785130 0

o SILK FAB, CHENNAI 0 1000000 2164188 3164188 4126409 -962221 3164188 0

p WOOL FAB, KANPUR 0 1000000 260166 1260166 1906487 -646321 1260166 0

q WOOL FAB, BHOPAL, 0 1373627 355823 1729450 1729450 0 1729450 0

r WOOL FAB, LUCKNOW, 0 1000000 209960 1209960 1981679 -771719 1209960 0

s SILK FAB RANCHI 0 1000000 787500 1787500 1642801 0 1642801 144699

t SILK FAB EARNAKULAM 0 1000000 1377500 2377500 3067831 -690331 2377500 0

u SILK FAB TRIVENDRUM 0 1000000 1073000 2073000 2159273 -86273 2073000 0

v SILK FAB HYDERABAD 0 1000000 1305000 2305000 1791491 0 1791491 513509

w SILK FAB, PATNA 0 1000000 1830000 2830000 2935994 -105994 2830000 0

x National Level Expo Kolkata 0 0 0 0 2000000 -2000000 0 0

y SILK FAB CHENNAI 1000000 0 0 1000000 0 1000000 1000000 0

z SILK FAB MUMBAI 1000000 0 0 1000000 0 1000000 1000000 0

aa SILK FAB SURAT 1000000 0 0 1000000 0 1000000 1000000 0

ab SILK FAB JAMSEDPUR 1000000 0 0 1000000 0 1000000 1000000 0

ac SILK FAB VISAKHAPATNAM 1000000 0 0 1000000 1000000 1000000 0

ad SILK FAB BANGLORE 1000000 0 0 1000000 0 1000000 1000000 0

ae SILK FAB EARNAKULAM 1000000 0 0 1000000 0 1000000 1000000 0

(2011-12)

af SILK FAB RANCHI ( 2011-12) 1000000 0 0 1000000 0 1000000 1000000 0

Participants

86

pkyw fjiksfVZax vof/k gsrq ljdkjh vuqnku rFkk Hkkxhnkjh /ku dk fooj.k ¼#-½

2- lewg fodkl dk;ZØe ¼onZeku½ 0 1844000 0 1844000 0 0 0 1844000

3- izf'k{k.k dk;ZØed& okjk.klh esxk lewg 04 0 825000 0 825000 657782 0 657782 167218

foLrkj iVy[k& lwpuk f'k{kk rFkk lapkj 5716854 5000000 0 10716854 3941678 0 3941678 6775176

gsrq vuqnkux& gFkdj?kk ds ikVZ~l dh vkiwfrZ 2000000 15000000 0 17000000 16907605 0 16907605 92395

gsrq vuqnku?k& ljdkjh ;kstukvksa ds izpkj 0 0 0 0 425675 -425675 0 0

ij xks"Bh dk vk;kstu³& xq.koÙkk jaxlkth izf'k{k.k dk;ZØe 0 0 0 0 388684 -388684 0 0

p& mRikn fofo/krk 0 0 0 0 566007 -566007 0 0

N& Øsrk&foØsrk feyu dUuwj 0 93400 0 93400 109419 -16019 93400 0

t& Øsrk&foØsrk feyu bjksM@ukxjdksby 0 380000 0 380000 433826 -53826 380000 0

>& Øsrk&foØsrk feyu okjk.klh 0 168000 0 168000 168736 -736 168000 0

´& Øsrk&foØsrk feyu Hknksgh 0 110000 0 110000 110303 -303 110000 0

V& Øsrk&foØsrk feyu xqokgkVh 0 446000 0 446000 447796 -1796 446000 0

B& Øsrk&foØsrk feyu bEQky 0 491000 0 491000 498597 -7597 491000 0

M& Øsrk&foØsrk feyu dksydkrk&jkaph 0 183500 0 183500 245159 -61659 183500 0

<& Øsrk&foØsrk feyu gSnjkckn&dkdhuknk 0 260000 0 260000 295216 -35216 260000 0

&dwYyw &lkaHkk4- cqudj tkx#drk f'kfoj 760175 0 0 760175 0 0 0 760175

;ksx 16477029 53760354 28519330 98756713 93322025 -4862484 88459541 10297172

¼ii½ Hkkjr ljdkj dh ,dhd`r gFkdj?kk lewg fodkl ;kstuk ds vUrxZr lwr vkiwfrZ gsrq dkjil fuf/k ds :i esa 466 lewgls ¼foxr o"kZ 340 lewgksa½ dkjil fuf/k ¼lewg fodkl½ ds :i esa #-131985237 ¼foxr o"kZ #- 114790437½ izkIr gq;hA

¼iii½ 2 esxk lewg ¼foxr o"kZ 2 esxk lewg½ dkjil fuf/k ¼esxk lewg½ /kujkf'k #-17500000 ¼foxr o"kZ #-7500000½ ftls mäesxk lewgksa ds gFkdj?kk cqudjksa dks lwr vkiwfrZ dh lqfo/kk iznku djus gsrq lacf/kar {ks=h; dk;kZy;ksa dks varfje fd;k x;kA

¼iv½ vU; ns;rkvksa lfefr;ksa ls izn'kZfu;ksa esa Hkkxhnkjh 'kqYd gsrq izkIr okilh ;ksx /ku #- 9354854 ¼foxr o"kZ #- 8095183½lfEefyr gSA ekax@vfUre fuLrkj.k ds le{k /kujkf'k dks okil dj fn;k tk;sxkA

1-4-2013dks

izkjfEHkd'ks"k3

o"kZ ds nkSjku izkfIr;ka

ljdkj ls4

Hkkxhnkjksals5

;ksx

6 (3+4+5)

O;;

7

o"kZ ds nkSjku dk;Z lapkyuokilh@

lek;[email protected]

8

;ksx

9 (7+8)

31-03-2014dks

cdk;k

10(6-9)1 2

Ø-la-

fooj.k

87

DETAILS OF GOVERNMENT GRANTS & PARTICIPANTS MONEY FOR THE CURRENT REPORTING PERIOD ( Rs.)

Sl. PARTICULARS Opening Received During the year Total Transaction During the year Total Balance

No. Balance From From Expenses Refund/ as on

1.4.2013 Govt. Partcipants Adjustment/ 31.3.2014

Transfer

1 2 3 4 5 6¼3$4$5½ 7 8 9¼7$8½ 10¼6&9½

2. CLUSTER DEV. PROGRAMME (BURDWAN) 0 1844000 0 1844000 0 0 0 1844000

3. TRAINING PROGRAMME

a VARANASI H/L MEGA CLUSTER

04 EXTENSION COUNTER 0 825000 0 825000 657782 0 657782 167218

b GRANT FOR INFORNATION

EDUCATION&COMMUNICATION 5716854 5000000 0 10716854 3941678 0 3941678 6775176

c GRANT FOR SUPPLY OF

H/L PARTS 2000000 15000000 0 17000000 16907605 0 16907605 92395

d ORGANISING SEMINAR ON

DISSEMINATION OF GOVT.

SCHEMES 0 0 0 0 425675 -425675 0 0

e QUALITY DYEING TRAINING

PROGRAMME 0 0 0 0 388684 -388684 0 0

f PRODUCT DIVERSIFICATION 0 0 0 0 566007 -566007 0 0

g BUYER SELLER MEET AT KANNUR 0 93400 0 93400 109419 -16019 93400 0

h BUYER SELLER MEET AT ERODE

/NAGARKOIL 0 380000 0 380000 433826 -53826 380000 0

i BUYER SELLER MEET AT VARANASI 0 168000 0 168000 168736 -736 168000 0

j BUYER SELLER MEET AT BHADOHI 0 110000 0 110000 110303 -303 110000 0

k BUYER SELLER MEET AT GUWAHATI 0 446000 0 446000 447796 -1796 446000 0

l BUYER SELLER MEET AT IMPHAL 0 491000 0 491000 498597 -7597 491000 0

m BUYER SELLER MEET AT

KOLKATA-RANCHI 0 183500 0 183500 245159 -61659 183500 0

n BUYER SELLER MEET- HYD-

KAKINADA-KULLU-SAMBHA 0 260000 0 260000 295216 -35216 260000 0

4. WEAVERS AWARENESS

CAMP 760175 0 0 760175 0 0 0 760175

TOTAL 16477029 53760354 28519330 98756713 93322025 -4862484 88459541 10297172

(ii) Corpus Fund ( Cluster Development) amounting to Rs. 131985237 ( Previous year Rs.114790437 ) received

from 466 clusters ( Previous year 340 clusters ) as Corpus Fund for supply of yarn under the Integrated Handloom

Cluster Development Scheme of Govt. of India.

(iii) Corpus Fund ( Mega Cluster ) amounting to Rs. 17500000 ( Previous year Rs. 7500000) in respect of 2 Mega

Clusters ( Previous year 2 Mega Cluster) has been transferred to the concerned field offices for facilitating the

supply of yarn to the handloom weavers in those Mega Clusters

(iv) Other liabilities include Rs.9354854 ( Previous year Rs.8095183) refundable on account of

participation money received towards exhibition from agencies. The amount shall be refunded against

demand/ final settlement.

88

9- orZeku ns;rk&vYidkfyd izkfo/kku % ¼#-½fooj.k foxr fjiksfVZax o"kZ ds nkSjku ;ksx Hkqxrku dk o"kZ ds nkSjku pkyw fjiksfVZax

vof/k dh lEkkfIr lfEefyr miHkksx@ iqujkadu vof/k dh ij cdk;k izHkkfjr lekfIr ij

fd;k x;k cdk;kvk;dj 39275000 80835000 120110000 39263610 11390 80835000

mikftZr vodk'k 63586575 43074694 106661269 10121282 0 96539987

minku ns;rk gsrq 29353864 1031458 30385322 29571322 0 814000

izkfo/kku,Dlxzsf'k;k gsrq 13612000 14985000 28597000 13603456 8544 14985000

izkfo/kkuizLrkfor ykHkka'k ij 14100000 24100000 38200000 14100000 0 24100000

izLrkfor ykHkka'k ijuSxfed dj 2396295 4095795 6492090 2396295 0 4095795

;ksx 162323734 168121947 330445681 109055965 19934 221369782

¼i½ pkyw fjiksZfVax vof/k gsrq izLrkfor ykHkka'k dk izfr bfDoVh va'k #- 12-68 gS ¼foxr o"kZ #- 7-42½

¼ii½ ifjHkkf"kr ykHk ;kstukvodk'k udnhdj.k rFkk minku dh nsunkjh dh ekU;rk] iqujhf{kr ys[kk ekud , ,l&15 ds vuqlkj izkstsDVsM ;wfuV eSFkM

fof/k ls chekafdd ewY;kadu }kjk] nsunkjh ds orZeku ewY;ksa ds fu/kkZj.k ij vk/kkfjr gSAvodk'k udnhdj.k rFkk minku ds lEca/k eas ifjHkkf"kr ykHk nkf;Ro ds izkjfEHkd rFkk vafre 'ks"k dk fuiVku fuEuor~ gS%

¼#-½ vodk'k udnhdj.k

fooj.k pkyw fjiksfVZax foxr fjiksZfVax vof/k gsrq vof/k gsrq

chekafdd ewY;kadu ds vuqlkj o"kZ ds izkjEHk esa ifjHkkf"kr ykHk nsunkjh 63586575 47101045

tksM+k& vU; lkoZtfud miØeksa esa ubZ HkrhZ bR;kfn ij izkIr /kujkf'k 0 226751

tksM+k&orZeku o"kZ ds [kpksZa ds izHkkj }kjk miyC/k djk;h x;k /kujkf'k 43074694 23498274

?kVk;k& ykHkksa dk Hkqxrku@vodk'k udnhdj.k 10121282 7239495

o"kZ dh lEkkfIr ij ifjHkkf"kr ykHk nsunkjh 96539987 63586575

fuxe }kjk Hkkjrh; thou chekfuxe ds ikl minku dks"k cuk;k x;k gS] ftlesa thou chekfuxe }kjk fu/kkZfjr /kujkf'k dsvk/kkj ij dks"k esa okf"kZd va'knku fd;k tkrk gS rFkkfi fuxe }kjk o"kZ ds var esa ,-,l-&15 ds vuqlkj Lora= chekadd ls chekafddewY;kadu djk;k tkrk gSA pkyw fjiksZfVax vof/k dh lekfIr rd minku dks"k ¼thou chek fuxe ds ikl LFkkfir½ esa miyC/k jkf'kls vf/kd dh minku ns;rk dk izkfo/kku] fuEufyf[kr gSA

89

9. CURRENT LIABILITIES – SHORT TERM PROVISIONS( Rs.)

Particulars Balance as at Addition during Total Payment Written back Balance asthe end of the utilisation/ during the at the end ofprevious year charged off year currentreporting reportingperiod period

Income tax 39275000 80835000 120110000 39263610 11390 80835000

Accrued leave` 63586575 43074694 106661269 10121282 0 96539987

Provision for gratuity

liability 29353864 1031458 30385322 29571322 0 814000

Provision for

ex-gratia 13612000 14985000 28597000 13603456 8544 14985000

Proposed dividend 14100000 24100000 38200000 14100000 0 24100000

Corporate tax onproposed dividend 2396295 4095795 6492090 2396295 0 4095795

Total 162323734 168121947 330445681 109055965 19934 221369782

i) The Proposed dividend per equity share for the current reporting period is Rs.12.68 ( Previous yearRs.7.42 ).

ii) Defined Benefit Plan

The obligation for leave encashment and gratuity is recognized based on the present value of obligationdetermined by actuarial valuation using the Projected Unit Credit Method as per revised AS-15.

The reconciliation of opening and closing balances of defined benefit obligation in respect of leaveencashment and gratuity is as below :

( Rs.)

Particulars Leave EncashmentFor the current For the previousreporting period reporting period

Defined benefit obligation at the beginning of the year 63586575 47101045

as per actuarial valuation

Add: Amount received from new joinee etc. from other PSU. 0 226751

Add: Amount provided by charging to current year’s expenses 43074694 23498274

Less : Benefit paid/ leaves encashed 10121282 7239495

Defined benefit obligation at year end 96539987 63586575

Corporation is maintaining a Gratuity fund with M/s LIC wherein annual contribution is made to the

fund based on the amount determined by it. However, the corporation is also getting the actuarial valuation

done from an independent actuary, as per AS-15 at the year end. The reconciliation of opening and closing

balances of defined benefit obligation in respect of leave encashment and gratuity is as below:-

90

¼#-½ fooj.k minku

pkyw fjiksZfVax vof/k gsrq foxr fjiksZfVax vof/k gsrqHkkjrh; thou chek fuxe ds lkFk] o"kZ ds izkjEHk esa 79866062 69297589

ikfjHkkf"kr ykHk nsunkjhtksM+k& Hkkjrh; thou chek fuxe ds lkFk fuf/k;ksa ij vftZr C;kt 8279437 6827795

tksM+k& pkyw o"kZ ds [kpksZa esa izHkkfjr ,oa Hkqxrku fd;k x;k va'knku 29353864 6858856

?kVk;k& ykHk dk Hkqxrku@nkok fuLrkj.k 10281964 3118178

thou chek fuxe ds lkFk o"kZ dh lekfIr ij ifjHkkf"kr ykHk&nsunkjh 107217399 79866062

tksM+k& minku dks"k va'knku gsrq vkxs cuk;s x;s izkfo/kku 814000 29353864

izkfo/kku ds i'pkr~ o"kZ dh lekfIr ij ikfjHkkf"kr ykHk&nsunkjhA 108031399 109219926

chekafdd iwokZuqeku % fooj.k minku vodk'k udnhdj.k

pkyw fjiksZfVZax foxr fjiksZfVax pkyw fjiksZfVZax foxr fjiksZfVax vof/k gsrq vof/k gsrq vof/k gsrq vof/k gsrq

eqR;q la[;k rkfydkNwV dh nj 9.07% 8.00% 9.07% 8.00%

Hkkoh osru o`f) 18.00% 11.00% 18.00% 11.00%

o`f) nj 2.00% 2.00% 2.00% 2.00%

pkyw fjiksZfVZax vof/k ij jk-g-fo-fu- minkui- iwokZuqeku pkyw fjiksZfVZax vof/k gsrq ¼#-½fiNys o"kZ ij NwV nj 8.00%

fiNys o"kZ dk vk;kstu lEifÙk ij vk; nj 8.70%

fiNys o"kZ osru o`f) 11.00%

fiNys o"kZ dh o`f) nj 2.00%

orZeku o"kZ dh NwV nj 9.07%

orZeku o"kZ vk;kstu lEifÙk ij vk; nj 8.70%

orZeku o"kZ osru o`f) 18.00%

orZeku o"kZ o`f) nj 2.00%

ii. ykHk ns;rk esa gq;s ifjorZu dh lkj.kh % pkyw fjiksZfVZax vof/k gsrq ¼#-½o"kZ ds vkjEHk esa ns;rk 109219926

C;kt ykxr 8737594

orZeku lsok ykxr 4402855

iwoZ lsok 'kqYd ¼xSj fufgr ykHk½ -

iwoZ lsok 'kqYd ¼fufgr ykHk½ -

fuiVku -

esa vUrfjr ns;rk -

ls vUrfjr ns;rk -

ykHk dk Hkqxrku -10281964

ns;rkvksa ij chekafdd ¼ykHk@gkfu½ -4047012

o"kZ ds vUr esa ns;rk 108031399

91

(Rs.)

Particulars GRATUITY

For the current For the previous


Defined benefit obligation at the beginning of the year with LIC 79866062 69297589

Add : Interest earned on funds with LIC 8279437 6827795

Add : Contribution paid during the year 29353864 6858856

Less : Benefit paid/ claim settled 10281964 3118178

Defined benefit obligation at year end with LIC 107217399 79866062

Add : Further provision made against contribution towards Gratuity fund 814000 29353864

Defined benefit obligation at year end after provision 108031399 109219926

ACTURIAL ASSUMPTION

Particulars GRATUITY Leave Encashment

For the current For the previous For the current For the previous

reporting period reporting period reporting period reporting period

Mortality table

Rate of discounting 9.07% 8.00% 9.07% 8.00%

Future salary rise 18.00% 11.00% 18.00% 11.00%

Attrition rate 2.00% 2.00% 2.00% 2.00%

NHDC GRATUITY AS AT THE END OF CURRENT REPORTING PERIOD

i. ASSUMPTIONS : For the current reporting period ( Rs.)

Discount rate Previous year 8.00%

Rate of return on Plan Assets Previous year 8.70%

Salary Escalation Previous year 11.00%

Attrition Rate Previous year 2.00%

Discount Rate Current year 9.07%

Rate of return on Plan Assets Current year 8.70%

Salary Escalation Current year 18.00%

Attrition Rate Current year 2.00%

ii. Table showing change in Benefit Obligation For the current reporting period (Rs.)

Liability at the beginning of the year 109219926

Interest cost 8737594

Current Service Cost 4402855

Past Service Cost (Non vested Benefit) -

Past Service Cost (Vested Benefit) -

Settlement -

Liability Transfer in -

Liability Transfer out -

Benefit Paid -10281964

Actuarial (gain) / loss on obligations -4047012

Liability at the end of the year 108031399

92

iii. vk;kstuk lEifÙk dh mfpr ewY; lkj.kh % pkyw fjiksZfVZax vof/k gsrq ¼#-½o"kZ ds vkjEHk esa vk;kstuk lEifÙk dk mfpr ewY; 79866062

vk;kstuk lEifÙk ij lEHkkfor vk; va'knku 6948347

va'knku 29353864

vU; dEiuh ls vUrfjr -

vU; dEiuh dks vUrfjr -

ykHk dk Hkqxrku -10281964

vk;kstuk lEifÙk ij chekafdr miyfC/k@¼gkfu½ 1331090

o"kZ ds vUr esa vk;kstuk lEifÙk dk mfpr ewY; 107217399

iv. vUrorhZ; ns;rk dh Lohd`r % pkyw fjiksZfVZax vof/k gsrq ¼#-½izkjEHk esa vUrorhZ ns;rk -

o"kZ ds nkSjku Lohdkj dh x;h vUrorhZ ns;rk -vU; esa vUrorhZ; ns;rk -

v. vk;kstuk lEifÙk ij okLrfod vk; % pkyw fjiksZfVZax vof/k gsrq ¼#-½vk;kstuk lEifÙk ij lEHkkfor vk; 6948347

vk;kstuk lEifÙk ij chekafdd miyfC/k@ ¼gkfu½ 1331090

vk;kstuk lEifÙk ij okLrfod vk; 8279437

vi. fLFkfr i=d esa Lohdkj dh x;h /kujkf'k % pkyw fjiksZfVZax vof/k gsrq ¼#-½o"kZ ds vUr esa ns;rk 108031399

o"kZ ds vUr esa vk;kstu lEifÙk dk mfpr ewY; -107217399

vUrj 814000

iwoZ lsok 'kqYd tks Lohdkj ugha fd;k x;k -

vUrorhZ ns;rk tks Lohdkj ugha dh x;h -

fLFkfr i=d esa Lohdkj dh /ku jkf'k 814000

vii. vk; fooj.k esa Lohd`r O;; % pkyw fjiksZfVZax vof/k gsrq ¼#-½orZeku lsok ykxr 4402855

C;kt ykxr 8737594

vk;sktuk lEifÙk ij lEHkkfor vk; -6948347

iwoZ lsok ykxr ¼xSj fufgr ykHk½ tks ekU; fd;s x;s -

iwoZ lsok ykxr ¼fufgr ykHk½ tks ekU; fd;s x;s -

vUrorhZ; ns;rk dh Lohd`r -

chekafdr ¼miyfC/k½ vFkok gkfu -5378102

ykHk&gkfu [kkrs esa Lohdkj O;; 814000

93

iii. Tables of fair Value of Plan Assets For the current reporting period (Rs.)

Fair Value of Plan Assets at the beginning of the year 79866062

Expected Return on Plan Assets 6948347

Contributions 29353864

Transfer from other company -

Transfer to other company -

Benefit Paid -10281964

Actuarial gain/ (loss) on Plan Assets 1331090

Fair Value of Plan Assets at the end of the year 107217399

iv. Recognition of Transitional Liability For the current reporting period (Rs.)

Transitional Liability at start -

Transitional Liability recognized during year -

Transitional Liability at end -

v. Actual Return on Plan Assets For the current reporting period (Rs.)

Expected Return on Plan Assets 6948347

Actuarial gain/ (loss) on Plan Assets 1331090

Actual Return on Plan Assets 8279437

vi. Amount Recognition in the Balance sheet For the current reporting period (Rs.)

Liability at the end of the year 108031399

Fair Value of Plan Assets at the end of the year -107217399

Difference 814000

Unrecognized Past Service Cost -

Unrecognized Transition Liability -

Amount Recognized in the Balance sheet 814000

vii. Expenses Recognized in the Income statement For the current reporting period (Rs.)

Current Service Cost 4402855

Interest Cost 8737594

Expected Return on Plan Assets -6948347

Past Service Cost (Non vested Benefit) recognized -

Past Service Cost (Vested Benefit) recognized -

Recognition of Transition Liability -

Actuarial (Gain) or Loss -5378102

Expense recognized in Statement of Profit & Loss 814000

94

viii. fLFkfr i=d fuiVku % pkyw fjiksZfVZax vof/k gsrq ¼#-½vkjfEHkd 'kq) ns;rk 29353864

mijksDrkuqlkj O;; 814000

vU; dEiuh ls varj.k ¼'kq)½ -

vU; dEiuh dks varj.k ¼'kq)½ -

fu;ksDrk va'knku -29353864

fLFkfr i=d esa ekU; jkf'k 814000

ix. vU; fooj.k % pkyw fjiksZfVZax vof/k gsrq ¼#-½lsok vof/k ds izR;sd o"kZ ds 15 fnolksa ds osru -

dh nj ls minku ns; gSA ftldh vf/kdre lhek#- 10]00]000@& gS;|fi chekafdd ns;rk dh x.kuk djrs le; osru -

o`f) ds fy;s ,d ekftZu j[kk x;k gSchekafdr ykHk@gkfu dh x.kuk o"kZ esa dh x;h gS -

ftlesa ykHk@gkfu gq;h gSpwafd fuos'k ftl chek dEiuh esa fd;s x;s gSa muds -

fuos'k dh lwph miyC/k ughavr% tksf[ke eqDr fuos'k tSLh ih-ih-,Q- izkIr -

lEHkkfor vk; iwokZuqeku gSizkséfr rFkk deZpkfj;ksa dh ekax o vkiwfrZ dks ns[krsgq;s m|ksx izFkk ds vuq:i osru o`f) dks] tSlk fddEiuh }kjk foosfpr gS] /;ku esa j[kk x;k gSlnL;ksa dh la[;k 193

osru izfrekg 7924573

vxys o"kZ ds fy;s va'knku 1712277

x. ifjlEifÙk;ksa dh Js.kh % pkyw fjiksZfVZax vof/k gsrq ¼#-½Hkkjr ljdkj dh ifjlEifÙk;ka -

dkjiksjsV ckaM -

fo'ks"k tek ;kstuk -

jkT; ljdkj -

lEifÙk -

vU; -

chekdrkZ lapkfyr dks"k 107217399

;ksx & 107217399

xi. vuqHko dk lek;kstu % pkyw fjiksZfVZax vof/k gsrq ¼#-½vk;kstuk ns;rk ij ¼ykHk½@gkfu -22636665

vk;kstuk lEifÙk ij ykHk@¼gkfu½ 1331090

95

viii. Balance sheet reconciliation For the current reporting period ( Rs.)

Opening Net Liability 29353864

Expenses as above 814000

Transfer from other company (Net) -

Transfer to other company (Net) -

Employer’s contribution -29353864

Amount recognized in Balance sheet 814000

ix. Other Details For the current reporting period (Rs.)

Gratuity is payable at the rate of 15 days -

salary for each year of service subject to

maximum of Rs.10,00,000/-.

However, a margin for salary escalation has -

been kept, while calculating the actuarial liability

Actuarial gain/ loss is accounted in the year -

of occurrence.

As the investment is with the insurance -

company, list of investment is not available so

expected return is assumed to be available

on risk free investment like PPF.

Salary Escalation is considered as advised by -

the company which is in line with the industry

practice considering promotion and demand

& supply of the employees.

No. of members. 193

Salary per month 7924573

Contribution for next year 1712277

x. Category of Assets

Particulars For the current reporting period (Rs.)

Government of India Assets -

Corporate Bonds -

Special Deposits Scheme -

State Government -

Property -

Other -

Insurer Managed Funds 107217399

Total 107217399

xi. Experience Adjustment For the current reporting period (Rs.)

On Plan liability (Gain)/ Loss -22636665

On Plan asset (Loss)/ Gain 1331090

96

10- xSj orZeku ifjlEifÙk;k¡&okLrfod ifjlEifÙk;k¡ % ¼#-½ pkyw fjiksZfVZax vof/k gsrq foxr o"kZ

Hkwfe Hkou QuhZpj dk;kZy; okgu dEI;wVlZ ;ksx dh fjiksfVZaxfooj.k rFkk rFkk vof/k gsrq

fQDpj fo|qr vk¡dM+s midj.k

ldy Cykdo"kZ ds izkjEHk esa 3976644 19865850 4561617 6078848 2556625 9937206 46976790 45246394

o"kZ ds nkSjku vfHko`f) - 13775779 2215814 4237360 983355 2712781 23925089 2024106

o"kZ ds nkSjku varj.k@ - - -30240 -134148 - -163784 -328172 -293710

fcØh@lek;kstuo"kZ dh lekfIr ij 3976644 33641629 6747191 10182060 3539980 12486203 70573707 46976790

gzklo"kZ ds vkjEHk esa - 7532072 3329214 2376779 1204906 6967101 21410073 20044492

o"kZ ds nkSjku varj.k@fcØh - - -11888 -51373 - -156245 -219506 -260258

lek;kstuo"kZ ds nkSjku gzkl - 377585 357027 368606 235345 888555 2227118 1625839

o"kZ dh lekfIr ij - 7909657 3674353 2694012 1440251 7699411 23417684 21410073

'kq) Cykdo"kZ ds izkjEHk esa 3976644 12333778 1232403 3702069 1351719 2970105 25566717 25201902

o"kZ dh lekfIr ij 3976644 25731972 3072838 7488048 2099729 4786792 47156023 25566717

LFkk;h ifjlEifÙk;ka ftlesa dk;kZy; Hkou] lEifÙk] gLrkarj.k dh yfEcr vkSipkfjdrk;sa rFkk leqfpr izkf/kdkfj;ksa ds lkFk iath;u vkfnlfEefyr gSA eqEcbZ esa #- 21-63 yk[k ¼foxr o"kZ #- 21-63 yk[k½ dh /kujkf'k ftlls ifjlj dk dCtk izkIr dj fy;k x;k gS] ijUrq blgsrq iath;u vf/kHkkjksa dks O;; ds i'pkr~ gh iathd`r fd;k tk;sxkA

ml lEifÙk dks {kfriw.kZ ekuk tkrk gS ftlds j[k&j[kko dk [kpZ mlds olwyh ;ksX; ewY; ls vf/kd gks tk;sA bl izdkj dh {kfr dks mlo"kZ ds ys[ks esa izHkkfjr fd;k tkrk gS ftl o"kZ ml lEifÙk dks {kfr iw.kZ fpfUgr dj fn;k tkrk gSA o"kZ ds vUr esa fuxe dh ys[kk cfg;ksa esa n'kkZ;hx;h lEifÙk dk ogh ewY; gS ftl ewY; ij mUgsa ogk¡ fn[kk;k x;k gS rFkk ;fn dksbZ {kfr gS rks mls fLFkfr i=d ds uksV la- 28 esa n'kkZ;k x;k gSA

pkyw foÙkh; o"kZ 2013&14 ds nkSjku okLrfod ifjlEifÙk;ksa ds ldy Cykd ds dqy ;ksxksa esa #- 16520592 dh jkf'k lekfgr gS] tksfØ;k'khy iwathxr dk;Z ls varfjr jkf'k gSA11- xSj orZeku ifjlEifÙk;k¡&xSj okLrfod ifjlEifÙk;k¡ % ¼#-½ fooj.k dEI;wVj lk¶Vos;j

pkyw fjiksZfVax vof/k gsrq vkadM+s foxr fjiksZfVax vof/k gsrq vkadM+sldy Cykdo"kZ ds izkjEHk esa 2393360 2349401

o"kZ ds nkSjku vfHko`f) 13461 43959

o"kZ ds nkSjku varj.k@fcØh lek;kstu - -

o"kZ dh lekfIr ij 2406821 2393360

gzklo"kZ ds izkjEHk esa 1943605 1841907

o"kZ ds nkSjku lek;kstu - -

o"kZ ds nkSjku gzkl 105064 101698

o"kZ dh lekfIr ij 2048669 1943605

'kq) Cykdo"kZ ds izkjEHk esa 449755 507494

o"kZ dh lekfIr ij 358152 449755

97

10. NON CURRENT ASSETS- TANGIBLE ASSETS (In Rs.)

For the current reporting period For the

Land Building Furniture Office & Vehicle Computers Total previous

Particulars & Fixture Electrical reporting

Equipment period

GROSS BLOCK

As at beginning of the year 3976644 19865850 4561617 6078848 2556625 9937206 46976790 45246394

Addition during the year 0 13775779 2215814 4237360 983355 2712781 23925089 2024106

Transfer/ Sale/Adjustments

during the year 0 0 -30240 -134148 0 -163784 -328172 -293710

As at end of the year 3976644 33641629 6747191 10182060 3539980 12486203 70573707 46976790

DEPRECIATION


Transfer/ Sale/Adjustments

during the year 0 0 -11888 -51373 0 -156245 -219506 -260258

Depreciation during the year 0 377585 357027 368606 235345 888555 2227118 1625839


NET BLOCK



Fixed Assets include office building, pending transfer formality of the property and registration with the

Appropriate Authorities, amounting to Rs.21.63 lac (Previous year Rs.21.63 lac) at Mumbai, for which possession

has been taken of the premises but Registration charges for the same will be capitalized as and when incurred.

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment

loss is charged to the statement of profit and loss in the year in which the asset is identified as impaired. The assets

as appearing in the books of accounts of the corporation at year end have the value at which they are appearing

therein and the impairment, if any, has been shown in the Note 28, to the balance sheet.

Total additions in Gross block of Tangible Assets during the current F.Y. 2013-14 include an amount of Rs.

16520592 transferred from Capital work in progress.

11. NON CURRENT ASSETS- INTANGIBLE ASSETS (In Rs.)

Computer Software

Particulars Figures for the current Figures for the previous


GROSS BLOCK

As at beginning of the year 2393360 2349401

Addition during the year 13461 43959

Transfer/ Sale/ Adjustments during the year - -

As at end of the year 2406821 2393360

DEPRECIATION


Adjustment during the year - -

Depreciation during the year 105064 101698


NET BLOCK



98

12- xSj orZeku ifjlEifÙk;k¡ & iwathxr dk;Z esa izxfr %fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s ¼#-½ dh lekfIr ij vk¡dM+s ¼#-½iwathxr dk;Z esa izxfr 0 16520592

;ksx 0 16520592

foÙkh; o"kZ 2013&14 ds nkSjku okLrfod ifjlEifÙk;ksa ds ldy Cykd esa #- 16520592 dh /kujkf'k fØ;k'khy iwathxr dk;Z ds:i esa iawthd`r dh x;h gSA

13- xSj orZeku ifjlEifÙk;k¡ & nh?kZdkyhu _.k rFkk vfxze %fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s ¼#-½ dh lekfIr ij vk¡dM+s ¼#-½izfrHkwfr tek 271633 313392

;ksx 271633 313392

14- vU; xSj orZeku ifjlEifÙk;k¡ ¼dkjil½fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s ¼#-½ dh lekfIr ij vk¡dM+s ¼#-½¼v½ dkWjil fuf/k dk fu;kstu ¼foi.ku dsUæ½ pkyw [kkrs esa 527570 575342

lkof/k tek [kkrs esa 143975716 131821837

lkof/k tek ij mikftZr C;kt fdUrq izkIr ugha 4662114 4218270

;ksx ¼v½ 149165400 136615449

¼c½ dkjil fuf/k dk fu;kstu ¼esxk lewg½ pkyw [kkrs esa 25000 25000

lkof/k tek [kkrs esa 69439195 67677140

lkof/k tek ij mikftZr C;kt fdUrq izkIr ugha 1272133 6501464

;ksx ¼c½ 70736328 74203604

dqy ;ksx ¼v$c½ 219901728 210819053

15- orZeku lEifÙk;k¡ &lkexzh lwph %fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s ¼#-½ dh lekfIr ij vk¡dM+s ¼#-½ ¼tSlk fd izcU/ku }kjk xzghr] ewY;kafdr rFkk lR;kfir fd;k x;k gSA½ &O;kikj ds eky&ykxr ij ¼vizkIr gksus ds dkj.k cV~Vs [kkrs esa Mkyk x;k½ vFkok 'kq) olwyh ;ksX; 9154520 8070315

ewY; tks Hkh de gks;ksx 9154520 8070315

99

12. NON CURRENT ASSETS - CAPITAL WORK IN PROGRESS

Particulars Figures at the end of Figures at the end of

current reporting period(Rs.) previous reporting period(Rs.)

Capital work in progress 0 16520592

TOTAL 0 16520592

The Capital Work in Progress of Rs. 16520592 has been capitalised in the Gross Block of Tangible

Assets during the F.Y. 2013-14.

13. NON CURRENT ASSETS - LONG TERM LOAN AND ADVANCES



Security Deposit 271633 313392

TOTAL 271633 313392

14. OTHER NON CURRENT ASSETS (CORPUS)



(A) Deployment of Corpus Fund

(Marketing Complexes)

In Current account 527570 575342

In Fixed deposit account 143975716 131821837

Interest accrued but not received on fixed deposit 4662114 4218270

TOTAL( A) 149165400 136615449

(B) Deployment of Corpus Fund (Mega Cluster)

In Current account 25000 25000

In Fixed deposit account 69439195 67677140

Interest accrued but not received on fixed deposit 1272133 6501464

TOTAL(B) 70736328 74203604

GRAND TOTAL(A+B) 219901728 210819053

15. CURRENT ASSETS - INVENTORIES



(As taken, valued and certified

by the management)

- Stock-in-trade - At cost (less written off

for obsolescence) or net realisable value 9154520 8070315

whichever is less.

TOTAL 9154520 8070315

100

16. orZeku ifjlEifRr;ka & O;kikj izkfIr;ka ¼#-½fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lEkkfIr ij vk¡dM+s ¼#-½ dh lEkkfIr ij vk¡dM+s ¼#-½fofo/k nsunkji) Ng ekg ls vf/kd - lqjf{kr ekus x, 78293468 90584222

- lafnX/k ekus x, 33879074 17593310

112172542 108177532

& ?kVk;k&lafnX/k _.k gsrq izkfo/kku -33879074 78293468 -17593310 90584222

ii) vU; ¼lqjf{kr ekus x,½ 1407369626 1217503529

;ksx 1485663094 1308087751

(i) cdk;k iqf"V ,d lrr~ izfØ;k gSSA pkyw fjiksZfVax vof/k dh lekfIr ij cdk;ksa dh iqf"V gsrq lHkh O;kikj izkfIr;ksa ds ikl Hkstk x;k gS] rFkkfifuEufyf[kr iqf"V izkIr gq;h gSA

fooj.k ;ksx pkyw fjiksZfVax vof/k dh pkyw fjiksZfVax vof/k dhlekfIr ij iqf"V lekfIr ij iqf"V dk izfr'kr

lfefr;ksa dh cdk;k /kujkf'k lfefr;ksa dh cdk;k /kujkf'k lfefr;ksa dk cdk;k /kujkf'kla[;k ¼#-½ la[;k ¼#-½ la[;k (% ) (%)

O;kikj izkfIr;ka 1334 1519542168 216 664026792 16-19 43-70mijksDrkuqlkj n'kkZ;s ,oa iqf"V fd;s x;s cdk;ksa esa ,sls cdk;ksa dks ugha n'kkZ;k x;k gS tks fd fookfnr gks dsoy mUgha cdk;ksa

dh izfof"V;ka dh x;h gSa tgk¡ erHksn@fuiVku nksuks ikfVZ;ksa dks ekU; gSA mu cdk;ksa dk fuiVku ftudh iqf"V yfEcr gS ;Fkk le; mudh leh{kkrFkk fuiVku fd;k tk;sxkrFkk bu ekeyksa esa ;fn dksbZ lek;kstu okafNr gS rks tSls gh mudk fuiVku gks tk;sxk mUgsa lek;kstu dj fy;k tk;sxkA

¼ii½ O;kikj izkfIr;ksa esa #- 1519542168 ¼foxr o"kZ #- 1325681061½ ftlesa fd #- 10606931 ¼foxr o"kZ #- 17136753½fd og /kujkf'klfEefyr g S ftld s fy; s fuxe }kjk le q fpr U;k;ky;k s a e s a ckn nk;j fd; s x; s g S a rF k k O;kikj i z k f Ir;k s a e s a#- 19943331 ¼foxr o"kZ #- 21345787½ dh og /kujkf'k lfEefyr gS tks oL= vkiwfrZ ds le{k izkIr gksuh gS] rn~uqlkj fu;e}kjk ijorh Zcdk;ksa dk Hkqxrku dsoy olwyh ds i'pkr~ ysunkjksa dks fd;k tk;sxkA oL= ysunkjh #- 21549649 ¼foxr o"kZ #- 22820090½ dk gSA O;kikj izkfIr;ksaesa #- 983397121 ¼foxr o"kZ #- 59595399½ dh og /kujkf'k lfEefyr gS tks fd fuxe }kjk dkjil fufèk ¼lewg fodkl½ ds :i esa] izkIrvfxze ds le{k vkiwfrZ;k¡ dh x;h gSA

¼iii½ lafnX/k O;kikj izkfIr;ksa ds izkfo/kku dk fooj.k fuEufyf[kr gS % ¼#-½fooj.k foxr fjiksZfVax o"kZ ds nkSjku ;ksx olwyh@lek;ksftr o"kZ ds nkSjku pkyw fjiksZfVax

vof/k dh lekfIr lfEefyr dh x;h /kujkf'k iqujkadu vof/k dh lekfIr ij cdk;k ij cdk;k

lafnX/k O;kikjizkfIr;ksa dk izkfo/kku 17593310 19210756 36804066 2924992 0 33879074

17- orZeku lEifÙk;k¡&udnh dk udnh ds lerqY;fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lEkkfIr ij vk¡dM+s ¼#-½ dh lEkkfIr ij vk¡dM+s ¼#-½vuqlwfpr cSad esa vf/k'ks"k 214480375 294940814

xSj vuqlwfpr cSad esa vf/k'ks"k 2213860 912817

gLr udnh rFkk LVkEil 122259 99092

cSd esa tek 12 eghuksa rd 442995922 738791234

cSad tek 12 ekg ls vf/kd - -

;ksx 659812416 1034743957

101

16. CURRENT ASSETS- TRADE RECEIVABLE : (Rs.)Particulars Figures at the end of Figures at the end of current reporting period (Rs.) previous reporting period (Rs.)SUNDRY DEBTORS (unsecured)i) Over six months

- Considered good 78293468 90584222

- Considered doubtful 33879074 17593310

112172542 108177532

- Less: Provision for doubtful debts -33879074 78293468 -17593310 90584222

ii) Others (Considered good) 1407369626 1217503529

TOTAL 1485663094 1308087751

(i) The balance confirmation is a continuous process. The year end balance as at the end of current reporting

period has been sent to all the Trade Receivables for confirmation, however, confirmation has been received as

follows :

Particulars Total Confirmation received % of Confirmation of

as of the end of current balances as at end of

reporting period current reporting period

No.of Amount No.of Amount No.of Amount

Agencies outstanding(Rs.) Agencies outstanding(Rs.) Agencies(%) outstanding(%)

Trade Recievables 1334 1519542168 216 664026792 16.19 43.70

The confirmed balances shown above do not include those, where there is any dispute, but only those

balances where the entries on account of difference/ reconciliation are acceptable to both the parties. The

balances which are pending for confirmation will be reviewed and reconciled in due course and the adjustment,

if any, required in these cases will be made as soon as reconciled.

ii) Trade Recievables for Rs.1519542168 (Previous year Rs.1325681061) include a sum of Rs.10606931 (Previous

year: Rs.17136753) for which suits have been filed by the corporation with appropriate courts. Further, Trade

Recievables include Rs. 19943331 (Previous year Rs. 21345787) receivable against supply of fabric wherein

the corporation is having corresponding dues to creditors, payable only after realization. The Fabric creditors

are Rs. 21549649 (Previous years Rs. 22820090). Trade Receivables also include a sum of Rs. 83397121

(Previous year Rs. 59595399) wherein supplies have been made against the revolving advance received by the

Corporation as corpus Fund (Cluster Development).

iii) The details of provision for doubtful Trade Recievables is placed herein below: ( Rs.)

Particulars Balance as at the Addition Total Amount Written off Balance as asend of previous during realized/ during end of currentreporting period the year adjusted the year reporting period

Provision for doubtful

Trade Recievables 17593310 19210756 36804066 2924992 0 33879074

17. CURRENT ASSETS - CASH & CASH EQUIVALENTS :

Particulars Figures as at the end of current Figures as at the end of Previous reporting period ( Rs.) reporting period ( Rs.)

Balances with scheduled bank 214480375 294940814

Balances with non- scheduled bank 2213860 912817

Cash and stamps in Hand 122259 99092

Bank deposits upto 12 months 442995922 738791234

Bank deposit exceeding 12 months - -

TOTAL 659812416 1034743957

102

18- orZeku ifjlEifÙk;ksa&vYi vof/k _.k rFkk vfxzefooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lekfIr ij vk¡dM+s ¼#-½ dh lekfIr ij vk¡dM+s ¼#-½¼i½ izfrHkwfr _.k ¼lqjf{kr ekus x;s

& okguksa ds ca/kd ij deZpkfj;ksa dks okgu _.k 294397 353429

¼ii½ vfxze ¼vizfrHkwr½¼udn o vU; :i ls olwyh ;ksX; vFkok ewY; ekud dh olwyh½& vkiwfrZdrkZvksa dks vfxze & lqjf{kr ekus x;s 4499397 4477484

& lafnX/k ekus x;s 1604717 1621099

6104114 6098583

& ?kVk;k % lafnX/k vfxzeksa gsrq izfo/kku -1604717 4499397 -1621099 4477484

¼iii½ deZpkfj;ksa dks vfxze & lqjf{kr ekus x;s 850073 1109043

& lafnX/k ekus x;s 126274 134470

976347 1243513


¼iv½ vU;ksa dks vfxze & lqjf{kr ekus x;s 71294070 2696943

& lafnX/k ekus x;s 135151 135151

71429221 2832094


¼v½ iwoZ iznÙk O;; 494910 429498

¼vi½ lzksrksa ij dj dh olwyh lfgr vfxze dj 57500000 37000000

¼vii½ tek ¼vizfrHkwr ijUrq lqjf{kr½& ljdkjh foHkkxksa ds ikl& foi.ku dsUæksa@vU;ksa ds fdjk;s gsrq & lqjf{kr ekus x;s 714192 841892

& lafnX/k ekus x;s 86130 86130

800322 928022


¼viii½ izkfIr;k¡& Hkkjr ljdkj ls lgk;rk vuqnku ds le{k 569920101 231648579

& izkfIr ;ksX; nkos 4039853 4024761

& foi.ku dsUæksa@vU; ij cdk;k & lqjf{kr ekus x;s 749751 290612

& lafnX/k ekus x;s 1664419 1664419

2414170 1955031


¼ix½ miHkksDrk laLFkkvksa ij cdk;k C;kt& vkLFkfxr lEHkwr C;kt & lqjf{kr ekus x;s - -

& lafnX/k ekus x;s 17934694 17934694

17934694 17934694


;ksx 710356744 282872241

103

18. CURRENT ASSETS - SHORT TERM LOANS AND ADVANCES :

Particulars Figures as at the end of current Figures as at the end of Previous

reporting period ( Rs.) reporting period ( Rs.)(i) Secured loans (considered good)

- Vehicle loan to staff against hypothecation of vehicles 294397 353429

(ii) Advances (Unsecured )(Recoverable in cash or kind or for value to be received)

- Advance to suppliers - Considered good 4499397 4477484 - Considered doubtful 1604717 1621099

6104114 6098583 - Less: Provision for doubtful advances -1604717 4499397 -1621099 4477484

(iii) Advance to staff - Considered good 850073 1109043 - Considered doubtful 126274 134470


(iv) Advance to others - Considered good 71294070 2696943 - Considered doubtful 135151 135151


(v) Prepaid expenses 494910 429498

(vi) Advance income tax including taxdeducted at source 57500000 37000000

(vii) DEPOSITS (Unsecured but considered good)- With Government departments -- For rent of complexes/ others - Considered good 714192 841892 - Considered doubtful 86130 86130

800322 928022 - Less: Provision for doubtful deposits -86130 714192 -86130 841892

(viii)RECEIVABLES- From the Government of India against grant-in-aid 569920101 231648579- Claims receivable 4039853 4024761- Outstanding against marketing complex/ others

- Considered good 749751 290612 - Considered doubtful 1664419 1664419

2414170 1955031 - Less: Provision for doubtful receivables -1664419 749751 -1664419 290612

(ix) Interest outstanding from user Agencies

Deferred accrued Interest

-Considered good - -

-Considered doubtful 17934694 17934694

17934694 17934694

- Less: Provision for doubtful interest -17934694 0 -17934694 0

TOTAL 710356744 282872241

104

¼i½ lafnX/k ifjlEifÙk;ksa gsrq izkfo/kku dk fooj.k fuEufyf[kr gS % ¼#-½ fooj.k foxr fjiksZfVax o"kZ ds nkSjku ;ksx olwyh@ o"kZ ds nkSjku pkyw fjiksZfVax

vof/k dh lekfIr lfEefyr lek;ksftr dh iqujkadu vof/k dh lekfIr ij cdk;k x;h /kujkf'k ij cdk;k

v½ vkiwfrZdrkZvksa ds lafnX/k 1621099 35508 1656607 51890 0 1604717

vfxzeksa gsrq izkfo/kku

c½ deZpkfj;ksa dks lafnX/k 134470 0 134470 8196 0 126274


l½ vU;ksa dks lafnX/k 135151 0 135151 0 0 135151


n½ lafnX/k tek gsrq izkfo/kku 86130 0 86130 0 0 86130

;½ lafnX/k izkfIr;ksa gsrq izkfo/kku 1664419 0 1664419 0 0 1664419

j½ lafnX/k vkLFkkfxr lEHkwr 17934694 0 17934694 0 0 17934694

C;kt gsrq izkfo/kku

;ksx 21575963 35508 21611471 60086 0 21551385

¼ii½ dk;kZy; Hkou ds fuekZ.k gsrq 2000 oxZehVj Hkw[k.M Ø; djus ds laca/k es a y[kuÅ fodkl izkf/kdj.k dksiznÙk #- 67205500 ¼foxr o"kZ 'kwU;½ dh jkf'k vU; vfxze lqjf{kr ekuh x;h #-71294070 ¼foxr o"kZ#-2696943½ dh jkf'k es a lekfgr gSA

¼iii½ o"kZ ds nkSjku vkiwfrZdrkZvksa dks #- 6104114 ¼foxr o"kZ #- 6098583½ fn, x, vfxze esa #- 726947 ¼foxr o"kZ726947½ Hkh lfEefyr gS ftlds fy;s fuxe us leqfpr U;k;ky;ksa esa okn nkf[ky dh gSA

¼iv½ funs'kdksa dks _.k o vfxze #- 'kwU; ¼foxr o"kZ 'kwU;½ gSa o"kZ ds nkSjku fdlh Hkh le; funs'kdksa ij vf/kdre ns; /kujkf'k#- 547175 ¼foxr o"kZ #- 112383½ Fkh] tks ;k=k chtdksa ds le{k vfxze ds :i esa gSaA

¼v½ fofHké ;kstukvksa gsrq nkos ftUgsa pkyw fjiksZfVax vof/k dh lekfIr ij izLrqr fd;k x;k] os Hkkjr ljdkj ls izkIr lgk;rkvuqnku ds le{k gS ftlds vUrZxr #- 4262964 ¼foxr o"kZ #- 1025988½ lfEefyr gSA mi;qZDr jkf'k esa #-425675 ¼foxr o"kZ #- 421112½ lfEefyr gS ftldk 'kklukns'k vHkh rd izkIr ugha gqvk gSA

¼vi½ izkfIr ;ksX; nkos #- 4039853 ¼foxr o"kZ #- 4024761½ gS ftlesa #- 4024761 ¼foxr o"kZ #- 4024761½ ds osnkos lfEefyr gSa ftudh /kujkf'k vk;dj foHkkx }kjk okil dh tkuh gSA ftldh ,d cM+h /kujkf'k iwoZorhZ o"kksZa esa dhx;h ekax ds vk/kkj ij fuxe }kjk izfrjks/k lfgr tek dj nh x;h gSA

¼vii½ vLFkkfxr lEHkwr C;kt #- 17934694 ¼foxr o"kZ #- 17934694½ ftls Åij n'kkZ;k x;k gS ds lEcU/k esa fuxe }kjkleqfpr U;k;ky; esa okn nk;j fd;k x;k gSA

¼viii½ izcU/k dh jk; esa pkyw lEifÙk;ksa] _.kksa rFkk vfxzeksa dk ewY; O;kikj esa lkekU; :i esa olwyh fd;s tkus ij ml /kujkf'kds led{k gS tks fLFkfr i=d esa muds fy;s n'kkZ;h x;h gSA

105

i) The details of provision for doubtful assets is placed herein below: (Rs.) Particulars Balance as Addition Total Amount Written Balance as at

the end of during realized/ off the end of previous the adjusted during current reporting year the reporting period year period

a) Provision for doubtful

advances to suppliers. 1621099 35508 1656607 51890 0 1604717

b) Provision for doubtful

advances to staff. 134470 0 134470 8196 0 126274

c) Provision for doubtful

advances to others. 135151 0 135151 0 0 135151

d) Provision for doubtful

deposits. 86130 0 86130 0 0 86130

e) Provision for doubtful

receivables. 1664419 0 1664419 0 0 1664419

f) Provision for doubtful

deferred accrued interest. 17934694 0 17934694 0 0 17934694

Total 21575963 35508 21611471 60086 0 21551385

ii) Advance to Others, Considered Good Rs. 71294070 ( Previous year Rs. 2696943 ) include a sumof Rs. 67205500 ( Previous year Nil ) paid to Lucknow Development Authority towards purchase ofland measuring 2000 sq meter for construction of office building.

iii) Advances to suppliers of Rs. 6104114 (Previous year Rs.6098583 ) include a sum of Rs. 726947(Previous year Rs.726947 ) for which suit have been filed by the Corporation with appropriatecourts.

iv) Loans and advances to Directors is Rs.Nil (Previous year Rs.Nil). Maximum amount due fromdirectors at any time during the year was Rs. 547175 (Previous year Rs.112383) being advanceagainst Travelling bills.

v) Receivable from Government of India against grant-in-aid includes Rs. 4262964 ( Previous yearRs.1052988) in respect of projects wherein claims are to be submitted to the Government as at theend of current reporting period. The above amount includes Rs. 425675 ( Previous year Rs.421112)wherein no GO has yet been received.

vi) Claims receivables Rs. 4039853 (Previous year Rs.4024761) includes Rs. 4024761 (Previousyear Rs.4024761 ), which is due to be refunded by the income tax authorities, wherein, the majoramount has been deposited by the corporation under protest based on the demand for earlier

years.

vii) In respect of Deferred accrued interest for Rs.17934694 (Previous year Rs.17934694) as shown

above, the suit has been filed by the corporation with appropriate court.

viii) In the opinion of management, current assets, loans and advances have a value on the realization

in ordinary course of business atleast equal to the amount at which they are stated in the balance

sheet.

106

19- pkyw ifjlEifÙk;k¡&vU; pkyw ifjlEifÙk;k¡ % fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

dh lEkkfIr ij vk¡dM+s ¼#-½ dh lEkkfIr ij vk¡dM+s ¼#-½ tek ij lEHkwr C;kt fdUrq izkI; ugha 5565434 23577127

lsokfuo`Ùk mijkUr fpfdRlk dks"k &fpfdRlk dks"k ds le{k LFkk;h tek ¼,QMhvkj½ 2163016 1650000

&fpfdRlk dks"k ij lEHkwr C;kt 60337 37752

&vuqlwfpr cSadksa ds pkyw [kkrksa esa vf/k'ks"k 262450 2485803 36110 1723862

;ksx % 8051237 25300989

20- dk;Z lapkyu ls jktLo % fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½v½ fjVuZ ?kVkdj fcØh

& lwr & lwr vkiwfrZ ;kstuk 18593978103 13472312643

?kVk;k & yPNh lwr ij 10% dh NwV - 709399718 17884578385 -286680244 13185632399

lkekU; ;kstuk 150436888 347237069

& jax rFkk jlk;u 356900491 209032957

& oL= 8394804 12754388

;ksx ¼v½ 18400310568 13754656813

c& lwr vkiwfrZ ;kstuk ds vUrxZr [kpksZa dhizfriwfrZ ds le{k vuqnku lgk;rk 872031808 651503704

yPNh lwr ij 10 izfr'kr dh NwV 709399718 286680244

lwr vkiwfrZ ;kstuk ds vUrxZr 10 izfr'krlwr NwV ds le{k lsok vf/kHkkj 35486138 14334160

;ksx ¼c½ 1616917664 952518108

;ksx ¼v$c½ 20017228232 14707174921

¼i½ lwr vkiwfrZ ;kstuk ds vUrxZr dh x;h lwr vkiwfrZ ds [kpksZa dh izfriwfrZ ds le{k vuqnku lgk;rk dh /kujkf'k #- 1616917664 ¼foxro"kZ #- 952518108½ dh x.kuk lEHkwfr vk/kkj ij dh x;h gSA buesa dqy nkos #- 549567207 ¼foxr o"kZ #- 334112590½ tks fd prqFkZfrekgh ls lEkcaf/kr gS] ;g pkyw fjiksfVZax vof/k dh lekfIr ij ljdkj dks izsf"kr fd, tkus gsrq yfEcr FksA

¼ii½ gFkdj?kk {ks= esa ykxr de djus ds fy;s Hkkjr ljdkj us 'kklukns'k la- 6@1@2007&Mhlh,p@ih ,.M ,l fnukad 06-01-2012 ds }kjklwr vkiwfrZ ;kstuk ds vurxZr gFkdj?kk {ks= esa yPNh lwr ds forj.k gsrq 10% ewY; NwV dh vuqefr iznku dh gSA ykHkkfFkZ;ksa dks ;g NwVmuds chtd esa iznku dh tk,xhA bl ;kstuk ds vUrxZr gFkdj?kk {ks= esa lwr vkiwfrZ gsrq fuxe ,d ik= laLFkk gSA

¼iii½ Hkkjr ljdkj us lwr vkiwfrZ ;kstuk ds vUrxZr fuxe ds lsok izHkkjksa dks 'kklukns'k la- 6@1@2012 &Mh lh ,p@ih ,.M ,l fnukad 17-01-2014 ds ek/;e ls eSnkuh {ks= esa 1-50% ls c<+kdj 2-00%] ioZrh; {ks= esa 1-00% ls c<+kdj 1-50% rFkk ukFkZ bLVZu vapy esa0-75% ls c<+kdj 1-25% dj fn;k gSA

107

19. CURRENT ASSETS - OTHER CURRENT ASSETS :

Particulars Figures as at the end of Figures as at the end of

current reporting period ( Rs.) Previous reporting period (Rs.)

Interest accrued but not received 5565434 23577127

Post Retirement Medical Corpus

- FDR against Medical Corpus 2163016 1650000

- Accrued Interest on Medical Corpus 60337 37752

- Balance with Scheduled

Bank in Current Account 262450 2485803 36110 1723862

Total 8051237 25300989

20. REVENUE FROM OPERATIONS :

Particulars Figures for the current Figures for the Previous reporting period (Rs.) reporting period (Rs.)

(a) Sales less returns

- Yarn - Yarn Supply Scheme 18593978103 13472312643

Less: 10% subsidy on Hank yarn -709399718 17884578385 -286680244 13185632399

General Scheme 150436888 347237069

- Dyes & chemicals 356900491 209032957

- Fabrics 8394804 12754388

Total (a) 18400310568 13754656813

(b) Grant-in-aid against reimbursement of

expenditure under Yarn Supply Scheme 872031808 651503704

10% Subsidy on Hank yarn 709399718 286680244

Service charges against 10% yarn subsidy

component under Yarn Supply Scheme 35486138 14334160

Total (b) 1616917664 952518108

TOTAL (a+b) 20017228232 14707174921

(i) Grant in aid against reimbursement of expenditure under Yarn Supply Scheme amounting to Rs. 1616917664

(Previous year Rs. 952518108) on account of supply of yarn has been accounted for on accrual basis. Out of

which, claims totaling Rs. 549567207 (Previous year Rs. 334112590) relating to 4th quarter pending for submission

to the government as at the end of current reporting period.

(ii) To mitigate the cost disadvantage of Handloom sector, the Govt. of India has allowed 10% price subsidy on

Hank yarn to be distributed in the Handloom sector under Yarn Supply Scheme vide G.O. No. 6/1/2007-DCH/

P&S dt. 06.01.2012. The subsidy will be provided upfront in the invoice to the beneficiaries. The corporation is

one of the eligible agencies for supplying the yarn to Handloom sector under the scheme.

(iii) Vide G.O. No. 6/1/2012-DCH/P&S dt 17.01.2014 the Service Charges of the corporation under Yarn Supply

Scheme have been enhanced by the Govt. of India to 2% as against 1.5% in the plain region, 1.5% against 1%

in hills and 1.25% against 0.75% in North Eastern Region.

108

21- vU; ykHk % fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½ifjlEifÙk;ksa ds foØ; ij ykHk 0 0

fofo/k izkfIr;k¡@fufonk 'kqYd 1092998 250377

cSad@ okgu _.k@vU;ksa ls izkIr C;kt 63094902 74626971

uxn NwV@deh'ku 941797 524170

vfrns; chtdksa ij ikfVZ;ksa ls izkIr C;kt 5516847 6551309

ljdkjh vuqnku ij lsok vf/kHkkj 0 366735

ns;rk;sa@vfrfjDr izkfo/kkuksa dk iqujkadu 822848 1485799

izkfo/kku ftudk iqujkadu vc vko';d ugha gSA 2985080 1494325

;ksx 74454472 85299686

22- O;kikj esa eky Ø; %okilh ?kVkdj Ø;&lwr 18744483263 13814699913

&jax o jlk;u 328898856 196788277

&oL= 8197858 12420622

;ksx 19081579977 14023908812

23- ifjogu@fMiks vf/kHkkj %ifjogu vf/kHkkj 242524731 192157223

fMiks vf/kHkkj 328321996 259935373

;ksx 570846727 452092596

lwr vkiwfrZ ;kstuk ds vUrxZr lwr vkiwfrZ gsrq ifjogu rFkk fMiks izHkkj #- 570846727 ¼foxr o"kZ #- 452092596½ dh x.kuk lEHkwfr vk/kkj ijdh xbZ gSA ftlesa prqFkZ frekgh ls lEcfU/kr orZeku o"kZ ds [kpksZa ds dqy nkos #- 171852624 ¼foxr o"kZ #- 140843144½] ljdkj dh orZeku fjiksZfVaxo"kZ ds vUr esa izLrqr fd;s tkus gsrq yfEcr gSA miHkksDrk laLFkkvksa dks ns; fMiks izHkkj o ifjogu 'kqYd dk izkfo/kku] ;kstuk ds vuqlkj fd;k x;k gSA24- rS;kj eky ds O;kikj LVkd dh ?kVr o c<+r % ¼#-½fooj.k izkjfEHkd LVkd foxr vfUre LVkd orZeku o`f) ¼&½

fjiksfVZax vof/k dh lekfIr ij fjiksfVZax vof/k dh lekfIr ij deh ¼$½lwr 372707 3072074 -2699367

jax o jlk;u 7697608 6082447 1615161

oL= 0 0 0

;ksx 8070315 9154521 -1084206

izkjfEHkd LVkd vfUre LVkd o`f) ¼&½ 1-4-2012 dks 31-3-2013 deh ¼$½

lwr 325837 372707 -46870

jax o jlk;u 6504696 7697608 -1192912

oL= 0 0 0

;ksx 6830533 8070315 -1239782

109

21. OTHER INCOME :

Particulars Figures for the current Figures for the Previous

reporting period ( Rs.) reporting period ( Rs.)

Profit on sale of assets 0 0

Miscellaneous receipt/ tender Fees 1092998 250377

Interest from bank/ vehicle loan/ others 63094902 74626971

Cash discount/ commission 941797 524170

Interest received from parties on overdue bills 5516847 6551309

Service charges on government grant 0 366735

Liabilities/ excess provisions written back 822848 1485799

Provision no longer required written back 2985080 1494325

TOTAL 74454472 85299686

22. PURCHASES OF STOCK IN TRADE :

Purchases less returns

-Yarn 18744483263 13814699913

-Dyes & chemicals 328898856 196788277

-Fabrics 8197858 12420622

TOTAL 19081579977 14023908812

23. TRANSPORTATION/ DEPOT CHARGES :

Transportation Charges 242524731 192157223

Depot Charges 328321996 259935373

TOTAL 570846727 452092596

Transportation and depot charges under Yarn Supply Scheme amounting to Rs. 570846727(Previous year Rs. 452092596) on account of supply of yarn has been accounted for on accrual basis.Out of which, claims for expenses totaling Rs. 171852624 (Previous year Rs.140843144) of 4th quarterrelating to current year were pending for submission to the government as at the end of current reportingperiod. Provision for transportation and depot charges payable to the user agencies has been made in

accordance with the scheme.

24. CHANGES IN INVENTORIES OF FINISHED GOODS, WORK IN PROGRESS AND STOCK IN TRADE

(Rs.)

Particulars Opening Stock Closing Stock Increase (-)/

as at the end of as at the end of Decrease (+) previous reporting period current reporting periodYARN 372707 3072074 -2699367DYES & CHEMICALS 7697608 6082447 1615161FABRICS 0 0 0TOTAL 8070315 9154521 -1084206

Opening Stock Closing Stock Increase (-)/

on 1.4.2012 on 31.3.2013 Decrease (+)

YARN 325837 372707 -46870DYES & CHEMICALS 6504696 7697608 -1192912FABRICS 0 0 0

TOTAL 6830533 8070315 -1239782

110

25- deZpkjh dY;k.k [kpsZ %fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½¼v½ osru rFkk ikfjJfed osru rFkk HkÙks 100592552 92092380

osru rFkk HkÙks ¼izcU/k funs'kd½ 1809504 1679644

vodk'k udnhdj.k] mikftZr vodk'k gsrq izkfo/kku lfgr ¼izcU/k funs'kd gsrq lfEefyr #- 1385904 foxr o"kZ 'kwU;½ 43074694 23498274

,Dlxzsf'k;k ¼izcU/k funs'kd gsrq lfEefyr #- 256011 foxr o"kZ #- 238471½ 14985000 13612000

cky f'k{kk O;;ksa dh izfriwfrZ ¼izcU/k funs'kd gsrq 'kwU; lfEefyr foxr o"kZ 'kwU;½ 413232 455734

ifjogu izfriwfrZ 850309 546796

HkrhZ [kpsZ 286323 695112

vodk'k ;k=k lqfo/[email protected] ¼izcU/k funs'kd gsrq #- 41626 foxr o"kZ 'kwU;½ 529633 473525

fpfdRlk O;; ¼izcU/k funs'kd gsrq #- 73177 foxr o"kZ #- 25460½ 7283864 5326512

deZpkfj;ksa dks izf'k{k.k 936038 138989

mi ;ksx ¼v½ 170761149 138518966

¼c½ Hkfo"; fuf/k rFkk vU; fuf/k esa va'knku % va'knk;h Hkfo"; fuf/k o ifjokj isU'ku fuf/k@bZMh,yvkbZ esa fu;ksDrk dk va'knku ¼iz-fu-gsrq #- 203373 foxr o"kZ #-182153 lfgr½ 12213253 11138871

minku 1031458 29575626

mi ;ksx ¼c½ 13244711 40714497

¼l½ deZpkjh dY;k.k O;; deZpkjh dY;k.k O;; ¼ekuns;] ikfjrksf"kd rFkk onhZ lfEefyr½ 1893198 1599493

lkewfgd O;fDrxr nq?kZVuk chek 64729 52008

e`rd deZPkkjh ds Ldhe ds vUrxZr Hkqxrku 821300 -

mi;ksx ¼l½ 2779227 1651501

;ksx ¼v$c$l½ 186785087 180884964

¼v½ ys[kk ekud 15 ds vuqlkj deZpkjh ykHkksa dk izdVhdj.k tSlk fd ys[kkekudksa esa ifjHkkf"kr fuEufyf[kr gS&ifjHkkf"kr va'knku ;kstukifjHkkf"kr va'knku ;kstuk esa va'knku ftUgsa o"kZ gsrq [kpZ ekuk x;k gS fuEufyf[kr gS &fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½va'knk;h Hkfo"; fuf/k ,Q-ih-,Q-@bZ-Mh-,y-vkbZ- 12213253 11138871

;kstuk esa fu;ksDrk dk va'knkudeZpkjh Hkfo"; fuf/k vf/kfu;e 1952 dh /kkjk 17 ds vUrxZr fuxe ds Hkfo"; fuf/k dks"k dks bl 'krZ ds lkFk NwV izkIr gS] fd fu;ksDrk }kjk

fof/kd C;kt nj ds le{k U;kl }kjk ?kksf"kr C;kt nj esa vk;h deh dks ;fn gks] iwjk fd;k tk;sxkA¼c½ fuxe }kjk foÙkh; o"kZ 2013&14 ds nkSjku ,u-,p-Mh-lh- e`rd deZpkjh ;kstuk 'kq: dh x;h gS ftlesa e`rd deZpkjh ds vkfJr dks ykHk fn;k tk;sxkA26- foÙk ykxrfooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½cSad@vU; dks C;kt 0 13899

vU; m/kkjh ykxr 0 0

;ksx 0 13899

111

25. EMPLOYEE BENEFITS EXPENSES :Particulars Figures for the current Figures for the Previous


a) Salary & Wages

Salary and allowances 100592552 92092380

Salary and allowances (Managing Director) 1809504 1679644

Leave encashment-Including provision for

accrued leave ( includes Rs. 1385904 for MD

Previous year Rs.NIL) 43074694 23498274

Ex-Gratia (Includes Rs. 256011 for MD -

Previous year Rs.238471) 14985000 13612000

Children education reimbursement

(includes Rs.NIL for MD - Previous year Rs.NIL) 413232 455734

Conveyance reimbursement 850309 546796

Recruitment Expenses 286323 695112

Leave travel concession/encashment

(Includes Rs. 41626 for MD-Previous year

Rs. Nil) 529633 473525

Medical expenses (Includes Rs. 73177 for

MD- Previous year Rs 25460) 7283864 5326512

Trainning to personnel 936038 138989

Sub Total ( a) 170761149 138518966

b) Contribution to PF & other Fund

Employers contribution to CPF & FPF/EDLI

scheme ( Includes Rs.203373 - for MD Previous

year Rs.182153) 12213253 11138871

Gratuity 1031458 29575626

Sub Total ( b) 13244711 40714497

c) Staff welfare expenses

- Staff welfare expenses (including honorarium, 1893198 1599493

reward, uniform & liveries)

- Group personal accident insurance 64729 52008

- Payment to NHDC deceased 821300 -

employee Scheme

Sub Total (c) 2779227 1651501

Total (a+b+c) 186785087 180884964

a) As per Accounting Standard -15 “Employee Benefits”, the disclosures of Employee Benefits as defined in the

Accounting Standard is given below -

Defined Contribution Plan

Contribution to Defined Contribution Plan, recognized as expense for the year is as under:



Employer’s contribution to

CPF/ FPF & EDLI Schemes. 12213253 11138871

Corporation’s provident fund is exempted u/s 17 of Employee’s Provident Fund Act, 1952. Condition to exemptions

stipulates that the employer shall make good deficiency, if any, in the interest rate declared by the trust against the statutory

rate.

b) Corporation has introduced a scheme during the F.Y. 2013-14 named as NHDC Deceased Employee Scheme to

provide benefit to the dependents of the deceased employees.

26. FINANCE COSTS :



Interest to bank/ others 0 13899

Other Borrowing cost 0 0

Total 0 13899

112

27- vU; O;;fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½¼v½ iz'kklfud O;;

;k=k O;; ¼izcU/k funs'kd gsrq #- 5084779foxr o"kZ #- 1187741½ 13258325 6122302

ys[kk ijh{kdksa dks Hkqxrku 170613 115106

funs'kd e.My dh cSBd ls lEcfU/kr O;; 0 0

iqLrds vkSj if=dk;sa 116021 92252

ifjogu O;; 1663756 1419200

fo|qr@ty izHkkj 1773177 1549155

chek 91913 67914

fof/kd ,oa O;kolkf;d izHkkj 1140991 1318585

lnL;rk 'kqYd vkSj va'knku 149408 45251

dk;kZy; j[kj[kko 1819361 979460

NikbZ rFkk LVs'kujh 2769600 2704307

Mkd@rkj@nwjHkk"k o VsysDl 3877193 3312205

fdjk;k 'kqYd o dj ¼olwfy;ksa ds i'pkr 'kq)½¼izcU/k funs'kd ds vkokl gsrq iV~Vk fdjk;k 4017134 2636251

#- 21000 foxr o"kZ 'kwU;½ejEer rFkk vuqj{k.k 3842111 1292419

okgu vuqj{k.k O;; 918915 838104

lqj{kk [kpZ 490337 396155

fofo/k O;; 3535 38867

;ksx ¼v½ 36102390 22927533

¼i½ ys[kk ijh{kdksa dks fuEufyf[kr Hkqxrku fd;s x;sys[kk ijh{kk 'kqYd 85000 75000

vU; /kkfjr 83749 33041

;k=k O;; 1864 7065

;ksx 170613 115106

¼c½ O;kikj foKkiu o izpkj 631294 100050

O;kikj izksUufr 111196 1510

NwV deh'ku o fjcsV 2486056 1872811

cSad izHkkj 116355 137462

HkkM+k o vU; izHkkj 118301 77695

cSBd O;; 2263217 808821

fufonk 'kqYd 303 6050

fcØh dj 28200 795768

eky ifjogu ij chek 189654 107247

lk¶Vos;j fØ;kUo;u@vuqj{k.k O;; 786788 481000

;ksx ¼c½ 6731364 4388414

;ksx ¼v$c½ 42833754 27315947

113

27. OTHER EXPENSES :



(a) ADMINISTRATIVE EXPENSES

Travelling expenses (Including Rs. 5084779

for MD - Previous year Rs.1187741) 13258325 6122302

Payment to auditors 170613 115106

Board meeting expenses 0 0

Books & periodicals 116021 92252

Conveyance expenses 1663756 1419200

Electricity/water charges 1773177 1549155

Insurance 91913 67914

Legal & professional charges 1140991 1318585

Membership fees & subscription 149408 45251

Office upkeep 1819361 979460

Printing & stationery 2769600 2704307

Postage/telegram/telephone & telex 3877193 3312205

Rent, rates & taxes (net of recoveries) (includes

lease rent for residential accomodation of MD

Rs. 21000 Previous year - Rs. NIL) 4017134 2636251

Repair & maintenance 3842111 1292419

Service vehicle expenses 918915 838104

Security expenses 490337 396155

Miscelleneous expenses 3535 38867

TOTAL (a) 36102390 22927533

i) Payment made to auditors is as below:-

Audit Fee 85000 75000

Other Capacity 83749 33041

Travelling Expenses 1864 7065

TOTAL 170613 115106

(b) TRADE

Advertisement & publicity 631294 100050

Business promotion 111196 1510

Discount, commission & rebate 2486056 1872811

Bank charges 116355 137462

Freight & other charges 118301 77695

Meeting expenses 2263217 808821

Tender fees 303 6050

Sales tax 28200 795768

Transit Insurance on goods 189654 107247

Software implementation/ maintenance expenses 786788 481000

TOTAL (b) 6731364 4388414

TOTAL (a+b) 42833754 27315947

114

28- fof'k"V ensafooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½¼v½ izkfo/kku cV~Vk bR;kfn

ifjlEifÙk;ksa ds foØ; ij ?kkVk 68480 17145

ifjlEifÙk;ksa dks {kh.k djus ij gqvk ?kkVk - -

lafnX/k nsunkjksa dk izkfo/kku 19210756 3146679

vkiwfrZdrkZvksa dks lafnX/k vfxzeksa dk izkfo/kku 35508 411579

mi ;ksx 19314744 3575403

¼c½ foxr vof/k ds lek;kstu 139271 -20027

¼l½ ohvkj,l izfriwfrZ 963268 -

¼n½ uSxfed lkekftd nkf;Ro ¼lh,lvkj½xfrfof/k;ksa ij O;; 4031925 994840

;ksx ¼v$c$l$n½ 24449208 4550216

iwoZ o"kksZa ds lek;kstuksa ¼'kq)½ #- 139271 MsfcV ¼foxr o"kZ #- 20027 tek½ dk fooj.k fuEufyf[kr gS & ¼#-½fooj.k MsfcVlwr vkiwfrZ ;kstuk vuqnku 139271

;ksx 139271

?kVk;k &'kq) /kujkf'k 139271

29- dj O;; vf/kHkkj &orZeku dj fooj.k orZeku fjiksfVZax vof/k foxr fjiksfVZax vof/k

ds vk¡dM+s ¼#-½ ds vk¡dM+s ¼#-½ orZeku o"kZ gsrq vk;dj 80835000 39275000

foxr o"kksZa ds fy;s vk;dj 0 4262

;ksx 80835000 39279262

vuqlj.k dh tk jgh i)fr ds leuq:i #- 80835000 ¼foxr o"kZ #- 39275000½ ds vkLFkkxfr lEHkwr C;kt dks/;ku esa j[kdj o"kZ ds ys[ks esa #- 'kwU; ¼foxr o"kZ #- 'kwU;½ ds vk;dj dk izkfo/kku fd;k x;k gSA o"kZ ds nkSjku vkLFkkfxrlEHkwr C;kt ds :i esa ntZ vk; #- 'kwU; ¼foxr o"kZ #- 'kwU;½ gSA

115

28. EXCEPTIONAL ITEMS :



a) PROVISION, WRITE OFF ETC.

Loss on sale of assets 68480 17145

Loss on impairment of assets - -

Provision for doubtful debtors 19210756 3146679

Provision for doubtful advances to supplier 35508 411579

Sub Total 19314744 3575403

b) Prior Period Adjustments 139271 -20027

c) VRS Compensation 963268 -

d) Expenses on Corporate Social Responsibility

(CSR) Activity/ Sustainable Development Activity 4031925 994840

TOTAL ( a+b+c+d) 24449208 4550216

Details of Prior Year Adjustments (Net) for Rs.139271 – Debit (Previous year Rs. 20027 – Credit) are as under: (Rs.)

Particulars Debit

Yarn Supply Scheme subsidy 139271

Total 139271

Less: -

Net Amount 139271

29. TAX EXPENSES- Current



Income Tax for Current year 80835000 39275000

Income Tax for earlier year 0 4262

Total 80835000 39279262

During the year provision for income tax of Rs. 80835000 (Previous year Rs. 39275000) has beenmade in the accounts after considering the deferred accrued interest realized for Rs. NIL (Previous YearRs. NIL) as per practice followed on consistent basis. The deferred accrued interest booked as incomein the accounts during the year is Rs. Nil (Previous Year Rs. Nil).

116

30- vU; fVIif.k;k¡ 1- vkdfLed nkf;Ro o izfrc)rk % ¼v½ vkdfLed nkf;Ro & ¼d½ fcØh dj #- 11220365 ¼foxr o"kZ #- 1392409½ ¼i½ O;kikj dj foHkkx] egkjk"Vª us jax vkSj jlk;u dk;kZy; eqEcbZ ds laca/k esa foÙkh; o"kZ 2006&07 gsrq fu/kkZj.k

vkns'k ikfjr fd;k gS ftlds }kjk #- 11220365 ¼#- 5747016 C;kt lfgr½ dh ekax dh x;h gSvkSj bl gsrq dsUæh; fcØh dj vfèkfu;e dh /kkjk 6 ¼2½ ds vUrxZr NwV dks vLohdkj dj fn;k x;kgSA lacaf/kr vkns'k fuxe dks fn- 3-6-2014 dks izkIr gks x;k gSA bl vkns'k ds fo#) vihyh;izkf/kdj.k esa fuxe vihy nk;j dj jgk gSA

¼ii½ fuxe us foÙkh; o"kZ 2008&09 vkSj foÙkh; o"kZ 2009&10 ds fy;s y[kuÅ 'kk[kk dk;kZy;ls lacaf/kr fcØh dj fu/kkZj.k dh vihy nk;j dh gS tks fu/kkZfjr le; ds i'pkr izLrqr fd;s x;sbZ&1 rFkk lh QkeksZa dh Lohd`fr ds lUnHkZ esa gSA mDr nksuksa foÙkh; o"kksZa gsrq vihyh; izkf/kdj.k usvihyksa dh vuqefr ns nh gS vkSj fu/kkZj.k izkf/kdj.k ls ekax uksfVl dh izrh{kk gSA

¼[k½ fuxe ds fo#) nkoksa@ekaxksa dks _.k ugha ekaxk x;k gSA ¼i½ vkiwfrZdrkZvksa }kjk cdk;k nkoksa ij C;kt #- 293000 ¼foxr o"kZ #- 293000½

¼ii½ fuxe ds fo#) U;k;ky; okn #- 2418000 ¼foxr o"kZ #- 2843000½ ¼iii½ esllZ dukZVd flYd ekdsZfVax cksMZ ds i{k esa fuxZr cSad izfrHkwfr #- 2000000 ¼foxr o"kZ

#-2000000½ ¼iv½ y[kuÅ fodkl izkf/kdj.k dks lkekU; lsok izHkkj #- 4577446 ¼foxr o"kZ #- 'kwU;½ ¼c½ izfrc)rk

iw¡th ys[ks esa tks vuqca/k vHkh fu"ikfnr gksus 'ks"k gSa mudh vuqekfur /kujkf'k #- 217000 ¼foxro"kZ #- 1296000½

2-lEcfU/kr fcØhdj vf/kdkjh ds ikl ewY;kadu dk fu/kkZj.k yfEcr jgus ds dkj.k] /kujkf'k fuf'pr ughagSA vr% dsUæh; rFkk fofHké jkT;ksa ds fcØh dj vf/kfu;e ds vUrxZr lwr jax o jlk;u rFkk oL=ksa dhfcØh ij] fcØh dj ns;rk ;fn dksbZ gS rks mldk izkfo/kku ugha fd;k x;k gSA

3-o"kZ ds nkSjku fuxe ds izca/k funs'kd dh xSj ljdkjh ;k=kvksa gsrq fuxe dh dkj dks #- 325 izfr ekgds Hkqxrku ij iz;ksx djus dh vuqefr iznku dh x;h FkhA

4-fuxe us foÙkh; o"kZ 2013&14 esa vkdk'k ¼55%½ ,oa ,fDte cSad ¼10%½ ds lkFk fey dj ,d la;qDrm|e fu"ikfnr fd;k gSA ;g la;qDr m|e dEiuh Hkkjr gS.Mywe ekdsZfVax dEiuh fyfeVsM ds uke ls fnukad12-2-2014 dks lhvkbZ,u&U741400L2014PLC264795 ds ek/;e ls fuxfer gks x;h gSA la;qDr m|e esafuxe dk va'k izkf/kd`r bZfDoVh va'k iw¡th dk 35% ¼vFkkZr~ #- 20]00]00]000 dk 35% tks dh2]00]00]000 bfDoVh 'ks;jksa esa] #- 10 ds izfr 'ks;j es foHkkftr djrs gq,½ gSA foÙkh; o"kZ 2014&15 esala;qDr m|e dEiuh dh fuxZfer] vfHknÙk vkSj iznÙk iw¡th #- 2]00]00]000 gS] tgk¡ fuxe 35% 'ks;j vnkdjus ds izfr mÙkjnk;h ¼#- 70]00]000 dks 7]00]000 ds bfDoVh 'ks;jksa esa #- 10@& izfr 'ks;j foHkkftrdjrs gq,½ gSaA

117

30. OTHER NOTES :

1.CONTINGENT LIABILITIES & COMMITMENTS :

(A) Contingent Liabilities:

(a) Sales tax- Rs. 11220365 (Previous year Rs.1392409).

(i) The Trade Tax Department, Maharashtra has passed an Assessment Order petaining to FY

2006-07 in respect of Dyes and Chemicals Office Mumbai, raising a demand of Rs. 11220365

(including interest of Rs. 5747016) by disallowing the exemption of transit sale u/s 6(2) of

CST Act. The order was received by the corporation on 03.06.2014. Corporation is filing an

appeal against the order to the appellate authority.

(ii) The Corporation has gone in appeal for Sales Tax Assessment pertaining to Lucknow Branch

Office for FY 2008-09 and FY 2009-10, for acceptance of E1 & C forms submitted after the

allowed time. The appeals for both years has been allowed by the appellate Authority and

Remand notice from the Assessing Authority is awaited.

(b) Claims/ demands against the corporation not acknowledged as debts.

(i) Interest on outstanding claimed by the suppliers Rs. 293000 (Previous year Rs.293000)

(ii) Court cases against the company - Rs. 2418000 (Previous year Rs.2843000)

(iii) Bank guarantee issued in favour of M/s Karnataka Silk Marketing Board - Rs. 2000000 (Previous

year Rs.2000000).

(iv) Lucknow Development Authority common service charge- Rs. 4577446 (Previous Year NIL).

(B) Commitment:-

Estimated amount of contract remaining to be executed on capital account is Rs. 217000

(Previous year Rs. 1296000).

2. Since the amount is not ascertainable pending finalization of assessment by the concerned sales

tax authorities, no provision for sales tax liability, if any, under the provision of Central and various

State Sales Tax Acts has been made in respect of sales of yarn, dyes & chemicals and fabrics.

3. The Managing Director was allowed the use of Company Car during the year for non-duty journeys

on payment of Rs.325/- per month.

4. Corporation has entered into a Joint venture with ACASH(55%) and EXIM Bank(10%) in the F.Y.

2013-14. The Joint Venture company has been incorporated in the name of Bharat Handloom

Marketing Company Limited w.e.f. 12.02.2014 vide CIN- U741400L2014PLC264795. Share of

Corporation in the Joint Venture is limited to 35% of the authorised equity share capital (i.e., 35% of

Rs. 20,00,00,000 divided into 2,00,00,000 equity shares of Rs.10 each). Issued, subscribed and

paid up capital of the Joint Venture Company amounts to Rs. 2,00,00,000, wherein corporation is

liable to pay 35% share (Rs. 70,00,000 divided into 7,00,000 equity shares of Rs.10 each) in the

F.Y. 2014-15.

118

5- dEiuh vf/kfu;e 1956 dh lwph& VI Hkkx&II ds vuqlj.k esa vfrfjDr lwpukv½ mRiknu dh LFkkfir {kerk rFkk ykblsUl& ykxw ughaA

c½ vkjfEHkd LVkd] Ø;] foØ; rFkk vfUre LVkd dh ifj.kkekRed lwpuk fuEu gSA¼bdkbZ yk[k fdxzk- esa½

¼ewY; #- esa½Ø-la- fooj.k lwr jax&jlk;u oL=

bdkbZ ewY; bdkbZ ewY; bdkbZ ewY;1- izkjfEHkd LVkd&orZeku o"kZ 0.003 372707 0.380 7697608 - -

&foxr o"kZ 0.001 325837 0.351 6504696 - -

2- Ø; &orZeku o"kZ 1270.107 18744483263 36.268 328898856 - 8197858

&foxr o"kZ 1088.690 13814699913 27.646 196788277 - 12420622

3- foØ; &orZeku o"kZ 1270.029 18035015273 36.312 356900491 - 8394804

&foxr o"kZ 1088.688 13532869468 27.617 209032957 - 12754388

4- vfUre LVkd &orZeku o"kZ 0.081 3072074 0.336 6082447 - -

&foxr o"kZ 0.003 372707 0.380 7697608 - -

l½ lh vkbZ ,Q vk/kkj ij ¼i½ jax o jlk;u #- 'kwU; ¼foxr o"kZ #- 'kwU;½ rFkk ¼ii½ dPpk eky ¼iii½ Lis;j iqtsZrFkk midj.k ¼iv½ iw¡thxr eky #- 'kwU; ¼foxr o"kZ #- 'kwU;½

n½ fons'k eqæk esa vk; #- 'kwU; ¼foxr o"kZ #- 'kwU;½ ;½ fons'kh eqæk esa fd;k x;k O;; #- 'kwU; ¼foxr o"kZ #- 'kwU;½

j½ o"kZ ds nkSjku vk;kfrr dPps eky] Lis;lZ iqtsZ o midj.kksa dk ewY; #- 'kwU; ¼foxr o"kZ #- 'kwU;½6- o"kZ ds nkSjku vkbZ-lh-,- vkbZ- }kjk fuxZr [k.M fjiksVZ ys[kk ekud &17] ds vuqlkj dk;Zdykiksa dh foÙkh; lwpuk

[k.M fjiksVZ ftlesa fd lwr] jax o jlk;u rFkk diM+s dh lwpuk,¡ Hkh 'kkfey gSa] fuEufyf[kr gSa % ¼#-½fooj.k lwr jax o jlk;u oL= ;ksx

¼v½ izkFkfed lwpuk1- [k.M ds vuqlkj jktLo 18035015273 356900491 8394804 18400310568

2- [k.M ds vuqlkj ifj.kke 261826572 8574650 -16469250 253931972

3- xSj vkoafVr Åijh [kpZ - - - -123430567

4- cSadksa rFkk vU; ls C;kt - - - 52420401

5- vU; vk; - - - 255112

6- iwoZ vof/k@lek;kstu - - - 0

7- izkfo/kku@dqy gkfu bR;kfn - - - 763057

8- dj iwoZ ykHk - - - 1839399759- dj dk izkfo/kku foxr o"kZ ds

lek;kstu lfgr - - - -8083500010- vkLFkfxr dj - - - 1722256811- dj i'pkr ykHk 120327543

12- [k.Mokj ifjlEifÙk;k¡ 1747435469 113347727 3277135 1864060331

13- xSj vkoafVr uSxfed lEifÙk;k¼foÙkh; ifjlEifÙk lfgr½ - - - 1276665216

119

5. Additional information pursuant to Schedule VI Part II to the Companies Act, 1956:

A) Licensed and installed capacity of production - Not applicable

B) Quantitative information in respect of Opening Stock, Purchases, Sales and Closing stock are as under:-

(UNIT IN LAC KGS)

(VALUE IN RS.)

Sl. PARTICULARS YARN DYES & CHEMICAL FABRICUnit Value Unit Value Unit Value

1 Opening Stock - Current Year 0.003 372707 0.380 7697608 - -

- Previous Year 0.001 325837 0.351 6504696 - -

2 Purchase - Current Year 1270.107 18744483263 36.268 328898856 8197858

- Previous Year 1088.690 13814699913 27.646 196788277 - 12420622

3 Sale - Current Year 1270.029 18035015273 36.312 356900491 - 8394804

- Previous Year 1088.688 13532869468 27.617 209032957 - 12754388

4 Closing Stock - Current Year 0.081 3072074 0.336 6082447 - -

- Previous Year 0.003 372707 0.380 7697608 - -

C)Value of Import on CIF basis in respect of (i) Dyes & chemicals is Rs. Nil (Previous year Rs.Nil)and in respect of (ii) Raw Material (iii) Components & spare parts (iv) Capital goods is Rs. Nil(Previous year – Rs. Nil).

D) Earnings in Foreign Currency – Rs. Nil (Previous Year- Rs.Nil). E) Expenditure incurred in foreign Currency - NIL (Previous year - Rs. Nil). F) Value of imported raw material, spare parts and components consumed - Rs. Nil (Previous year -

Rs. Nil).6. In accordance with the requirements of AS-17, i.e.Segment Reporting as issued by ICAI, Activity

wise financial information as reporting segments consisting of Yarn, Dyes & Chemicals and Fabricis as under:- (Rs.)

Particulars Yarn Dyes & Fabrics Total Chemicals

a) Primary information

1. Segment wise Revenue 18035015273 356900491 8394804 18400310568

2. Segment wise Results 261826572 8574650 -16469250 253931972

3. Unallocated overheads - - - -123430567

4. Interest from Bank & others - - - 52420401

5. Other Income - - - 255112

6. Prior period adjustments - - - 0

7. Provision/ write off etc. - - - 763057

8. Profit before tax - - - 183939975

9. Provision for Tax

including earlier year - - - -80835000

10. Deferred tax - - - 17222568

11. Profit after tax 120327543

12. Segment-wise assets 1747435469 113347727 3277135 186406033113. Unallocable Corporate

Assets (IncludingFinancial Assets). - - - 1276665216

120

fooj.k lwr jax o jlk;u oL= ;ksx14- dqy ifjlEifÙk;k¡ - - - 3140725547

15- [k.Mksa ds vuqlkj ns;rkvksa]cSad m/kkjh lfgr 2130901442 50604808 21549649 2203055899

16- [k.Mokj] xSjvkoafVr] uSxfed]ns;rk;sa ¼cSad m/kkjh lfgr½ - - - 441001180

17- dqy ns;rk;sa - - - 2644057079

18- [k.Mksa ds vuqlkj ewY; âkl 1451942 116479 - 1568421

uksV % ¼i½ [k.Mokj jktLo esa vUrZ[k.M dkjksckj lfEefyr ¼ii½ [k.Mokj ifj.kkeksa esa vfrns; chtdksa ij@vkLFkfxr lEHkwfr C;kt #- 5516847 yk[k lfEefyr gSA ¼iii½ [k.Mokj ifj.kke esa #- 3807928 ¼tek½ ds iqujkadu izkfo/kku@ns;rk,a] foxr o"kZ lek;kstu #- 139271@& ¼ukes½

rFkk #- 19246264@& ¼ukes½ dk izkfo/kku o cV~Vk bR;kfn lfEefyr gSA ¼#-½c½ xkS.k lwpuk {ks= dk uke [k.M jktLo1- HkkSxksfyd {ks=Qy }kjk ml [k.M ds fy, {ks= dk;kZy;] ikuhir 6936564193

[k.M jktLo ftudk jktLo lHkh HkkSxkfyd {ks= dk;kZy;] dks;EcVwj 6255572837

{ks=ksa ds dqy jktLo dk 10% ;k vf/kd gSA {ks= dk;kZy;] gSnjkckn 1883774246

{ks= dk;kZy;] okjk.klh 1867666257

2- [k.Mksa dh HkkSxksfyd fLFkfr ds vuqlkj {ks= dk;kZy;] ikuhir 981840253

[k.M dh ifjlEifÙk;ka tks fd HkkSxkfyd [k.Mksa {ks= dk;kZy;] dks;EcVwj 409185225

dh dqy ifjlEifÙk;ka dk 10% ;k vf/kd gSA{ks= dk uke LFkkbZ ifjlEifÙk;ksa esa o`f)

3- ml [k.M dh LFkk;h ifjlEifÙk;ksa esa o`f) {ks= dk;kZy;] ikuhir 18644200

ftldh lEifÙk lHkh HkkSxksfyd [k.Mksa dhdqy ifjlEifÙk;ksa dh 10% ;k vf/kd gSA

7- fVIi.kh 1 ls 30] orZeku fjiksZfVax vof/k lekfIr ij fLFkfr i=d esa layXu ys[kkdj.k uhfr;ka ,oa ykHk o gkfu dk fooj.krFkk ml frfFk dks lekIr o"kZ dk udnh izokg orZeku fjiksZfVax vof/k ds ys[kksa dk vfHké vax gSA

8- pkyw o"kZ ds vkadM+ksa ls rqyuh; cukus ds fy, tgk¡ vko';d Fkk ogk¡ foxr o"kZ ds vkadM+ksa dks iqufu/kkZfjr@iqulZewghd`rfd;k x;k gSA

9- jkf'k;ksa dks fudVre #i;s rd iw.kkZafdr fd;k x;k gSA






¼#-½

121

Particulars Yarn Dyes & Fabrics Total Chemicals

14. Total Assets - - - 3140725547

15. Segment wise liabilitiesincludes Bank Borrowing 2130901442 50604808 21549649 2203055899

16. Unallocable Corporateliabilities (IncludingBank Borrowings) - - - 441001180

17. Total liabilities - - - 264405707918. Depreciation segment-wise 1451942 116479 - 1568421

Notes :

i) There is no inter segment transaction in segment-wise revenue.

ii) Segment- wise result includes interest on overdue bills/ deferred accrued interest for Rs.5516847.

iii) Segment-wise result includes liabilities/ provisions written back for Rs 3807928 (Credit), previous year adjustments for Rs.139271 (Debit) and provisions & write off etc made for Rs.19246264 (Debit).

(Rs.)

b) Secondary Information Name of the SegmentRegion Revenue

1. Segment Revenue by geographical area for RO Panipat 6936564193

the segment whose revenue is 10% or more RO Coimbatore 6255572837

of total revenue of all geographical segments RO Hyderabad 1883774246

RO Varanasi 1867666257

2. Segment assets by geographical location of RO Panipat 981840253

assets of the segment whose assets are 10% RO Coimbatore 409185225

or more of total assets of all geographical

segments.

Name of the Region Addition to Fixed Assets

3. Additions to fixed assets for the segment RO Panipat 18644200

where assets are 10% or more of the total

assets of all geographical segments

7. Note 1 to 30 and significant Accounting Policies annexed to Balance sheet as at the end of current reporting periodand Statement of Profit and Loss and Cash Flow for the year ended on that date form an integral part of Accounts.

8. The figures of previous year have been re-casted/ re-grouped wherever necessary to render them comparablewith figures of current year.

9. Figures have been rounded off to the nearest rupee.

Sd/-

(Jai Gopal Mahajan)


Sd/-CA Akhilesh Kumar Srivastava

PartnerM. No. 089673FRN 511001C

Place : Lucknow

Date : 04.08.2014


For A Srivastava & Co.

Chartered Accounts

Sd/-


Managing Director

Sd/-

( Dinesh Kumar )

Chairman

(Rs.)

122

fooj.k 2013&14 2012&13v½ dk;Z lapkyu ls udnh izokg

dj iwoZ ykHk 183939975 103220418

lek;kstu % ¼i½ ewY; gzkl 2332182 1727537

¼ii½ fodkl dk;ksZa@fpfdRlk dks"k ij fd;k x;k O;; tks -1853481 -1601267

fodkl dks"k ls izHkkfjr fd;k x;k ¼iii½ xr o"kZ ds vk;dj izkfo/kku dk iqujkadu -11390 -

lapkyu ykHk] dk;Z'khy iwath ifjorZu ls iwoZ 184407286 103346688

dk;Z'khy iawth esa ifjorZu ¼udn@cSad 'ks"k ds vfrfjDr½?kVr@c<+r

¼i½ lkexzh rkfydk,a -1084205 9453923

¼ii½ cgh _.k -177575343 -164124348

¼iii½ _.k vkSj vfxze -50947240 -13715014

¼iv½ izkfIr;ka -338745753 32484871

¼v½ O;kikj o vU; ns;rk,¡ 92582911 660170448

dk;Z lapkyu ls mikftZr udnh -291362344 627616568

?kVk;k&Hkqxrku fd;k x;k vk;dj -59763610 -38334262

dk;Z lapkyu ls dqy udnh izokg ¼v½ -351125954 589282306

c½ fuos'kh dk;Z lapkyu ls dqy udnh izokg¼i½ LFkk;h ifjlEifÙk;ksa dh fcØh 108666 33452

¼ii½ LFkk;h ifjlEifÙk;ksa esa o`f)@MCyw-vkbZ-ih- -7417958 -2446186

fuos'kh dk;Z lapkyu ls dqy udnh izokg ¼c½ -7309292 -2412734

l½ foÙkh; dk;ksZa ls dqy udnh izokg¼i½ ykHkka'k dk Hkqxrku -16496295 -6624690

foÙkh; dk;ksZa ls dqy udnh izokg ¼l½ -16496295 -6624690

n½ udnh rFkk udnh ds led{k esa 'kq) ifjorZu ¼v$c$l½ -374931541 580244882

;½ udnh vkSj udnh ds led{k ¼izkjafHkd 'ks"k½ 1034743957 454499075

j½ ;ksx 659812416 1034743957

o½ udnh vkSj udnh ds led{k var'ks"k 659812416 1034743957

udnh vkSj udnh ds led{k rkRi;Z1- gLrs udnh 122259 99092

2- cSadksa rFkk pkyw ,oa lkof/k tek [kkrksa esa vf/k'ks"k 659690157 1034644865

;ksx 659812416 1034743957

uksV % 1- udnh izokg dk ;g fooj.k bULVhV~;wV vkQ pkVsZM ,dkmUVsUV~l vkQ bf.M;k }kjk tkjh ekud &3 esa fu/kkZfjr vizR;{k iz.kkyh ls rS;kj fd;k x;k gSa

2- foxr o"kZ ds vkadM+ksa dks tgk¡ dgha Hkh iz;ksT; gS iqulZewghd`r@iquoZxhd`r fd;k x;kA g0@& g0@& g0@&

¼t; xksiky egktu½ ¼losZiYyh Jhfuokl½ ¼fnus'k dqekj½ mi egkizca/kd ¼fo-,oa-ys-½@dEiuh lfpo izcU/k funs'kd v/;{k

gekjs lefrfFk ds izfrosnu ds vuqlkj d`rs ,- JhokLro ,.M dEiuh

pkVsZM ,dkmUVsV~l g0@&

¼lh , vf[kys'k dqekj JhokLro½ Hkkxhnkj] lnL;rk la[;k 089673

QeZ iathdj.k la[;k 511001lhLFkku % y[kuÅfnukad % 04-08-2014

jk"Vªh; gFkdj?kk fodkl fuxe fyfeVsM] y[kuÅ31 ekpZ 2014 dks lekIr o"kZ ds fy, udnh izokg fooj.k ¼#-½

123

NATIONAL HANDLOOM DEVELOPMENT CORPORATION LTD, LUCKNOWCASH FLOW STATEMENT FOR THE YEAR ENDING 31st MARCH 2014 (Rs.)

PARTICULARS 2013-14 2012-13

(A) CASH FLOW FROM OPERATING ACTIVITIES

Profit before tax 183939975 103220418

Adjustments :

i) Depreciation 2332182 1727537

ii) Expenditure on developmental activities/medical corpus

charged to Development Fund -1853481 -1601267

iii) Income tax provision written back during the year -11390 -

OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 184407286 103346688

CHANGES IN WORKING CAPITAL

(Excluding Cash & Bank Balances)

Increase/Decrease in:

i) Inventories -1084205 9453923

ii) Book-debts -177575343 -164124348

iii) Loans & Advances -50947240 -13715014

iv) Receivables -338745753 32484871

v) Trade & other Payables 92582911 660170448

Cash Generated from Operations -291362344 627616568

Less : Income Tax paid -59763610 -38334262

NET CASH FLOW FROM OPERATING ACTIVITES (A) -351125954 589282306

(B) CASH FLOW FROM INVESTING ACTIVITIES

i) Sale of Fixed Assets 108666 33452

ii) Addition to Fixed Assets/W.I.P -7417958 -2446186

NET CASH FLOW FROM INVESTING ACTIVITIES (B) -7309292 -2412734

(C) CASH FLOW FROM FINANCING ACTIVITIES

i) Payment of Dividend -16496295 -6624690

NET CASH FLOW FROM FINANCING ACTIVITIES (C) -16496295 -6624690

(D) NET CHANGES IN CASH AND CASH EQUIVALENT (A+B+C) -374931541 580244882

(E) CASH AND CASH EQUIVALENT- OPENING BALNACE 1034743957 454499075

(F) TOTAL 659812416 1034743957

(G) CASH AND CASH EQUIVALENT- CLOSING BALANCE 659812416 1034743957

Cash & Cash Equivalent represent :

1) Cash in Hand 122259 99092

2) Balance with Banks in Current & Fixed deposit Account 659690157 1034644865

Total 659812416 1034743957

Notes :1. Cash flow statement has been prepared under the indirect method as set out in the AS-3,

issued by the ICAI.

2. Previous year's figures have been regrouped / re-classified wherever applicable.

Sd/-(Jai Gopal Mahajan)




Place : LucknowDate : 04.08.2014



Sd/- ( Sarvepalli Srinivas )

Managing Director

Sd/- ( Dinesh Kumar )

Chairman

124

¼i½ iathdj.k fooj.kiathdj.k la[;k 5974/ 83jkT; dksM 20fLFkfr i=d dk fnukad 31-03-2014

¼ii½ o"kZ ds nkSjku mxkgh Hkkjr ljdkj }kjk vfHknÙk ¼/kujkf'k #- esa½ -¼iii½ fuf/k;ksa ds fu;kstu o xfr'khyrk dh fLFkfr ¼/kujkf'k #- esa½

dqy ns;rk;sa dqy lEifRr;ka3140725547 3140725547fuf/k;ksa ds lzksrvfHknÙk iawth 190000000vkjf{kr o vf/k'ks"k 306668468vkLFkfxr dj nkf;Ro ¼'kq)½ -28457743dkjil fuf/k ¼foi.ku dsUæ rFkk esxk dyLVj½ 219901728vU; xSj pkyw mÙkjnkf;Ro 0pkyw nkf;Ro 2452613094

fuf/k;ksa dk fofu;ksx'kq) LFkk;h ifjlEifÙk;k¡ & okLrfod 47156023 & xSj okLrfod 358152iawthxr dk;Z izxfr esa 0dkjil fuf/k dk fu;kstu&¼foi.ku dsUæ rFkk esxk DyLVj½ 219901728vU; xSj pkyw ifjlEifÙk;k¡ 271633pkyw ifjlEifÙk;k¡ 2873038011

¼iv½ dEiuh dk dk;Z fu"iknuVuZ vksoj 18400310568dqy O;; 18216370593dj iwoZ ykHk 183939975dj iwoZ ckn esa 120327543izfr va'k vk; #i;s esa 63.33ykHkka'k ¼va'k iwath dk izfr'kr½ 12.68%

¼v½ dEiuh ds eq[; mRiknksa ds lk/kkj.k ukemRiknu fooj.k dksM ua- ¼vkbZVhlh dksM½lwr 5208 (Cotton)jax vkSj jlk;u 3204 (Dyes)oL= N.A.

dEiuh vf/kfu;e 1956 dh vuqlwph VI ds Hkkx IV ds vuqlj.k esa lwpuk]fLFkfr i=d dk lkjka'k vkSj dEiuh ds lkekU; dkjksckj dh fLFkfr






125

INFORMATION PURSUANT TO PARA IV OF SCHEDULE VI TO THE COMPANIES ACT, 1956,

BALANCE SHEET AND COMPANY’S GENERAL BUSINESS PROFILE

i) Registration details :

Registration No. 5974/ 83 State Code 20

Date of Balance sheet 31-03-2014ii) Capital raised during the year (Amount in Rs.) subscribed by Government of India -

iii) Position of Mobilization and Deployment of Funds (Amount in Rs.)

Total Liabilities Total Assets3140725547 3140725547

Sources of FundsPaid up Capital 190000000

Reserve & Surplus 306668468 Deferred tax liability (net) -28457743

Corpus Fund (Marketing Complex & Mega Cluster) 219901728

Other Non Current liabilities 0Current liabilities 2452613094

Application of Funds Net Fixed Assets - Tangible 47156023

- Intangible 358152

Capital work in progress 0 Deployment of Corpus Fund (Marketing Complex & Mega Cluster) 219901728

Other Non Current Assets 271633Current Assets 2873038011

iv) Performance of the companyTurnover 18400310568

Total Expenditure 18216370593

Profit before Tax 183939975Profit after Tax 120327543

Earning per share in Rupees 63.33Dividend (% age of Share Capital) 12.68%

v) Generic name of the principal product of the companyProduct description Item Code No. (ITC Code)

Yarn 5208 (Cotton)

Dyes & Chemicals 3204 (Dyes)Fabric N.A.

Sd/-(Jai Gopal Mahajan)




Place : LucknowDate : 04.08.2014



Sd/- ( Sarvepalli Srinivas )

Managing Director

Sd/- ( Dinesh Kumar )

Chairman

jkVªh; gFkdj?kk fodkl fuxe fyfeVsM › UPLOAD › AnnualAccount › Annual... · 2017-03-20 ·...

Documents

Transcript of jkVªh; gFkdj?kk fodkl fuxe fyfeVsM › UPLOAD › AnnualAccount › Annual... · 2017-03-20 ·...