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    NOTES
  1. Sales are inclusive of Excise duty.
  2. Mark-to-market loss recognised in respect of outstanding derivative contracts is Rs. 5.11 crores. (Previous year Rs. 1.43 crores)
  3. Results for the current quarter and year vis-à-vis the corresponding previous periods are affected primarily due to sluggish demand and decrease in cement prices in southern India and steep hike in rubber prices in the tyre unit.
  4. The Company's Spun Pipes and Foundries Unit continues to be under suspension of work (effective 2nd May, 2008).
  5.
a. Pending disposal (consented by the shareholders in March, 2006) of the Company's Hindusthan Heavy Chemicals Unit, the revenue / expenses of the unit (insignificant in terms of the Company's total revenue / expenses) have been and will be included in these and subsequent results till its disposal.
b. The Company had to declare suspension of work at the unit effective 8th December, 2010 in consequence of illegal strike/activities by workmen.
  6. The time frame for completion of expansion of 80 MT/day capacity of the car radial project at Balasore and 85 MT/day capacity of truck radial tyre project at Uttrakhand are being extended to second half of 2011-12.
  7. The number of investor complaints received, disposed off and lying unresolved at the quarter ended 31th March, 2011 are as under :
 
Pending at the beginning of the quarter — Nil
Received during the quarter — 25
Disposed off during the quarter — 25
Lying unresolved at the end of quarter — Nil
  8. Comparative figures have been regrouped or rearranged where considered necessary.
  9. The Board has recommended payment of final dividend @ Rs. 3.25 per share for the year ended 31st March, 2011 (Previous year @ Rs. 3.25 per share).
   
  10.
Statement of Assets and Liabilities   Rs. / Crore
     
Particulars As at
31-03-2011
(Audited)		 As at
31-03-2010
(Audited)
     
Shareholder's Funds :    
a. Share Capital
b. Reserves and Surplus
   
  Loan Funds
  Deferred Tax Liabilities (net)
45.74
1,254.52
 
3,999.28
386.42
45.74
1,494.50
 
3,340.92
328.44
Total 5,685.96 5,209.60
     
Application of Funds :    
  Fixed assets
  Investments
4,129.53
65.82
3,844.65
51.43
     
Current Assets, Loans and Advances    
a. Inventories
b. Sundry Debtors
c. Cash and Bank Balances
d. Other Current assets
e. Loans and advances
1,118.55
631.34
73.64
31.89
404.76
916.19
542.89
80.45
30.14
287.46
  2,260.18 1,857.13
     
Less : Current Liabilities and Provisions    
a. Current Liabilities
b. Provisions
752.22
17.35
528.62
14.99
     
Net Current Assets 1,490.61 1,313.52
Total 5,685.96 5,209.60
   
  11.
  The formulae used in calculation of debt service coverage ratio and interest service coverage ratio are as follows :
a. Debt service coverage ratio : Profit before interest, depreciation and tax / (interest + principal repayment)
b. Interest service coverage ratio : Profit before interest, depreciation and tax / Interest while calculating the above ratios, debt which has been refinanced has not been considered as repayment of principal.
   
  By Order of the Board
   
  Place : Kolkata
Date : 28th April, 2011		 K. C. Jain
Whole-time Director
     
N.B.  
 
a. The register of members of the Company will remain closed from 21-06-2011 to 05-07-2011
(both days inclusive) for purpose of payment of dividend.
b. The instruments for transfer of physical share, complete in all respect, should be sent well in
advance so as to reach the Company / its share transfer agent prior to Book Closure.
c. The particulars of the Company's share transfer agent are as under :
   
  M/S M C S Limited,
  (Unit Kesoram Industries Limited)
  77/2A Hazra Road, 3rd & 5th Floor,
  Kolkata - 700029
   
  Phone 033-2476-7350 to 54
  Fax 033-2454-1961, 2474-7674
  E-mail mcscal@vsnl.net.in
    mcscal@rediffmail.com